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Technical Analysis Fallacy

  • #44,261
  • Jan 13, 2014 8:39am Jan 13, 2014 8:39am
Quoting Jacque
Hi fellow members, I have been going through the thread after pg200 at an increased pace and currently at 481. As I read surf through the thread, I felt the highs and lows of the thread especially on the issue of trust and inappropriate conduct of some members. Although I am not done reading till the end yet, I am happy and thankful that inspite of everything that has happened, the thread has survived till this date for the perusal of everyone who may stumbled upon and it is the very good faith and good man of fti that this is so. I am thankful...
Hi Jacque
I think the aliveness of this thread thanks to FTI
I noticed that when FTI around this thread lives and when he is not there is some dry times.
There is always some one who participates more and keeping this thread alive at any time.
All we can discuss here is FTI approach to life and trading.
The problem that everyone conceives method of his own at the end.
Everybody take something from this thread and making their own way.
That's the reason that her the discussion will only be on a theoretical level
I recommend you open your journal where you can post your campaign so you can track your on advance
and other fellow members could discuss in your journal . Here the discussion on a very basic method of FTI
the core and of course all other things besides trading.
The Contribution to my opinion is trying to discuss all what FTI presented
so keep it up there is more 1733 pages to go
Something Else about reading that it is not enough
Here a link for you about it Link
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #44,262
  • Jan 13, 2014 11:03am Jan 13, 2014 11:03am
Quoting -Michael-
{quote} Hi Jacque I think the aliveness of this thread thanks to FTI I noticed that when FTI around this thread lives and when he is not there is some dry times. There is always some one who participates more and keeping this thread alive at any time. All we can discuss here is FTI approach to life and trading. The problem that everyone conceives method of his own at the end. Everybody take something from this thread and making their own way. That's the reason that her the discussion will only be on a theoretical level I recommend you open your...
Hi Michael,

very much agree on the need to do it i.e. practice. It's the same everywhere, when I first started my job in finance, I knew nothing and the hammer kept knocking me down, it was through practice (endless practice) and guidance from my senior and direct superior who at that time gave me hell (all 18 levels it) that everything became second nature to me at the fingertips. If I may quote indirectly, it is like what fti did to his new trainee - throwing them into the deep end. Thus, I can connect on PRACTICE. Your reminder on practice was timely and I shall take a raincheck on reading the thread and proceed to internalize the basics i.e. Mindset, MM, MO. Also, I shall start a journal as you mentioned for the fellow members' scrutiny once I am ready. My goal here is to become a pro following the teachings after which I may become a fti clone in methodology but the thinking and strategy to fight the war is all mine as it is conceived in my head and this of which will be my best strategy.
I ask for your indulgence if following this that I ask questions which may have been addressed in the later part of the thread. Thanks much.

Good trading.
THE ALL is MIND; The Universe is Mental
  • #44,263
  • Jan 13, 2014 12:57pm Jan 13, 2014 12:57pm
Quoting Jacque
{quote} Hi Michael, very much agree on the need to do it i.e. practice. It's the same everywhere, when I first started my job in finance, I knew nothing and the hammer kept knocking me down, it was through practice (endless practice) and guidance from my senior and direct superior who at that time gave me hell (all 18 levels it) that everything became second nature to me at the fingertips. If I may quote indirectly, it is like what fti did to his new trainee - throwing them into the deep end. Thus, I can connect on PRACTICE. Your reminder on practice...
Hello Again Jacque
You Aim very High " FTI Clone" wich is fine as target as high as we aming might get to the target if not then it will be a little lower but still not bad.
But i think differently as FTI stated some time ago about his carbon copy Link
The biggest problem for Us is we dont have someone to watch our back while we making mistake or even
someone who will check our progression so it is different approach much self tutoring and self cheking
which is not that easy . Our opinion conceived in us so it hard to change it need someone from outside
with another view on things
Even when we do our summaries it might be mistaken
Hard to put threw my thinking as English not my native language bu i think you understand what i meant
What i am stating now it is from experience some time when i got something later i understand that this is not that
and changed my view accordingly
Hope that you understand
Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #44,264
  • Jan 13, 2014 7:23pm Jan 13, 2014 7:23pm
after all these years. I finally understand this pic and market structure.

A shout out to Fti and several others on this thread. They know who they are. My friends

I now make some profit each day. Some days are big. Others are small. Can't go broke making a profit!

Thanks to each and every one of you that helped and contributed to my success!

It has been a long hard ride, but well worth it.
Attached Image
  • #44,265
  • Jan 13, 2014 8:14pm Jan 13, 2014 8:14pm
Quoting tubguy
after all these years. I finally understand this pic and market structure. A shout out to Fti and several others on this thread. They know who they are. My friends I now make some profit each day. Some days are big. Others are small. Can't go broke making a profit! Thanks to each and every one of you that helped and contributed to my success! It has been a long hard ride, but well worth it. {image}

Congrats to the cowbuy....but next loss is just round the corner....

V
  • #44,266
  • Jan 13, 2014 8:18pm Jan 13, 2014 8:18pm
Quoting indianguyinny24
{quote} Congrats to the cowbuy....but next loss is just round the corner.... V
Yep! my friend it is. But a bigger win will follow.

thats what it's all about....no?
  • #44,267
  • Jan 13, 2014 9:41pm Jan 13, 2014 9:41pm
Quoting tubguy
after all these years. I finally understand this pic and market structure. A shout out to Fti and several others on this thread. They know who they are. My friends I now make some profit each day. Some days are big. Others are small. Can't go broke making a profit! Thanks to each and every one of you that helped and contributed to my success! It has been a long hard ride, but well worth it. {image}
Hi TubGuy
You know it is very supportive to hear what you say !!!
Congratulations and wish you continue with this positive fights
I wait for the day when i can say the same (some day it will come)
Still srugelling to solve this puzzle of FTI
Keep it up Tubguy
Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #44,268
  • Jan 13, 2014 10:03pm Jan 13, 2014 10:03pm
Quoting tubguy
{quote} Yep! my friend it is. But a bigger win will follow. thats what it's all about....no?

You know it now
  • #44,269
  • Jan 13, 2014 10:39pm Jan 13, 2014 10:39pm
Quoting tubguy
after all these years. I finally understand this pic and market structure. A shout out to Fti and several others on this thread. They know who they are. My friends I now make some profit each day. Some days are big. Others are small. Can't go broke making a profit! Thanks to each and every one of you that helped and contributed to my success! It has been a long hard ride, but well worth it. {image}

When I tried this MO on my demo 5 min EU, my adrenaline shot up 1000% and sweating. But once you internalised it and dance with the market, great gratification ! Thank you FTI for revealing this method, may God's peace and grace keep you safe and healthier.

Caution : This method requires great self-discipline and control, as it may lead to over-trading, from my experience.

Safe trading in 2014 and beyond, best wishes to All (esp FTI) !
Forex is my business
  • #44,270
  • Jan 13, 2014 10:59pm Jan 13, 2014 10:59pm
Quoting -Michael-
{quote} Hello Again Jacque You Aim very High " FTI Clone" wich is fine as target as high as we aming might get to the target if not then it will be a little lower but still not bad. But i think differently as FTI stated some time ago about his carbon copy Link The biggest problem for Us is we dont have someone to watch our back while we making mistake or even someone who will check our progression so it is different approach much self tutoring and self cheking which is not...
Thanks Michael, I will bear your words in mind along the journey

Hi fti and fellow readers, I find information on how the exchange system works to a layman scarce on the internet and I am trying to piece together a picture in my head from what has been describled here and wikipedia. (Btw, the fed reserve link is broken). Thus, may I ask the following questions please -

1. I note the idea of free float, managed float and pegged system. Now, let's say I am a American in USA. I would like to exchange my USD for SGD. I go the local money changer in USA and buys my SGD. The money changer then goes to the local bank to get back his USD, local bank goes to tier 1 bank to get back usd, tier 1 goes to CB to get back usd and assuming a simplistic process (i.e. the banks dont keep inventory of SGD), this SGD eventually have to be supplied from the country's foreign reserve under the normal circumstances - is this right?

2. Continuing from (1), if the country's foreign reserve is devoid of SGD, I am assuming the CB (or some entity, please correct me if wrong) in the simplistic setting would have to buy back the SGD on the open market to replenish its foreign reserve - is this right?

3. Continuing from (2), buying back SGD on the open market is possible because SGD is tradable unlike the Malaysia Ringgit - is this right?

4. Now, for whatever reason, everyone in USA is buying the SGD and selling USD. Then, the CB would just have to keep buying the SGD from open market thereby causing a price spike which settles at the new equilibrium. At the end of the day, the dollars depreciates against SGD in a pseduo orderly manner balanced by market supply and demand. Thus, no major financial crisis because USD is free float and SGD is managed float, this allow mkt to find equilibirum price within SGD tolerance band - is this right?

5. For a pegged system using thailand as an example during 1997 financial crisis, as the people were panic selling baht and getting a fixed amount of USD per baht sold, the thai CB were running out of USD very quickly in its foreign reserve. Because the baht/USD was pegged, thai CB has great difficulty in buying back USD on the opening market because the pegged rate was not the equilibrium rate and thus, no was was willing to buy baht at that rate. This caused even more panic selling disrupting confidence and causing a major finanical crisis. And this is the reason that the thai baht was forced to float to find an equlibirum price - is this right?

6. Back to Malaysia ringgit - understand it is not tradable. What does this entails? Does it mean that anyone, for e.g. a tourist who is visiting Malaysia is unable to get ringgit in his home country and instead has to get ringgit from the local money changer when he arrives in Malaysia? I note that this is not the case in SG as the money changer sells ringgit.

Would be happy if you could help clear up the thoughts in my head. Thanks much.

Good day.
THE ALL is MIND; The Universe is Mental
  • #44,271
  • Jan 14, 2014 1:14am Jan 14, 2014 1:14am
Quoting Jacque
Hi fellow members, I have been going through the thread after pg200 at an increased pace and currently at 481. As I read surf through the thread, I felt the highs and lows of the thread especially on the issue of trust and inappropriate conduct of some members. Although I am not done reading till the end yet, I am happy and thankful that inspite of everything that has happened, the thread has survived till this date for the perusal of everyone who may stumbled upon and it is the very good faith and good man of fti that this is so. I am thankful...


regards
  • #44,272
  • Jan 14, 2014 1:15am Jan 14, 2014 1:15am
Quoting tubguy
after all these years. I finally understand this pic and market structure. A shout out to Fti and several others on this thread. They know who they are. My friends I now make some profit each day. Some days are big. Others are small. Can't go broke making a profit! Thanks to each and every one of you that helped and contributed to my success! It has been a long hard ride, but well worth it. {image}
finally.
Good fortune, my friend.
steady as she goes.

Inserted Video


regards
  • #44,273
  • Jan 14, 2014 1:18am Jan 14, 2014 1:18am
Quoting tubguy
after all these years. I finally understand this pic and market structure. A shout out to Fti and several others on this thread. They know who they are. My friends I now make some profit each day. Some days are big. Others are small. Can't go broke making a profit! Thanks to each and every one of you that helped and contributed to my success! It has been a long hard ride, but well worth it. {image}

hi Mike

great to read this my friend

i am still not trading yet after the holiday, but hopefully i will be on it next week.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #44,274
  • Jan 14, 2014 1:18am Jan 14, 2014 1:18am
Quoting incomeideas
{quote} When I tried this MO on my demo 5 min EU, my adrenaline shot up 1000% and sweating. But once you internalised it and dance with the market, great gratification ! Thank you FTI for revealing this method, may God's peace and grace keep you safe and healthier. Caution : This method requires great self-discipline and control, as it may lead to over-trading, from my experience. Safe trading in 2014 and beyond, best wishes to All (esp FTI) !
I am glad, much understandings.
thank you for your kind words.


regards
  • #44,275
  • Edited 11:01am Jan 14, 2014 1:53am | Edited 11:01am
I took a look at the charts.
Seems activity slowed down after employ figs.

Markets still trying decide if the figs can improve.
But was a bit painful for some for the unexpectation.
so there gonna be some angry peeps marketing.
Bull and bear tussel will continue , abate will be wilder gyrations when convincing factrs surface.

It would behove one to be braced able to withstand more sudden volatility.
so watch base sizes is within capacity.

regards


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  • #44,276
  • Jan 14, 2014 3:31am Jan 14, 2014 3:31am
http://www.ifxexpo.com/macau2014/

anybody going? might pass me by in the crowd and not even know it

and by crowd i mean the one on the casino floor. u can catch me playing the penny slot machines.. lol
  • #44,277
  • Jan 14, 2014 3:38am Jan 14, 2014 3:38am
Quoting 4tiger
http://www.ifxexpo.com/macau2014/ anybody going? might pass me by in the crowd and not even know it and by crowd i mean the one on the casino floor. u can catch me playing the penny slot machines.. lol

naughty naughty, gambling mindset hor.

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regards
  • #44,278
  • Jan 14, 2014 3:48am Jan 14, 2014 3:48am
i expect the macau expo to be better than what i experienced in shanghai
Quoting fti
{quote} naughty naughty, gambling mindset hor. regards
i like penny slot machines, they're time consuming and any money lost will be worth the hours of entertainment although i doubt i will have any time for that...
but.. well, i will make time ! haha.

btw, that copy of God of Gamblers is in Vietnamese! here's canto w/ english sub:
God of Gamblers賭神 (1989)
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  • #44,279
  • Jan 14, 2014 4:11am Jan 14, 2014 4:11am
Quoting 4tiger
i expect the macau expo to be better than what i experienced in shanghai {quote} i like penny slot machines, they're time consuming and any money lost will be worth the hours of entertainment although i doubt i will have any time for that... but.. well, i will make time ! haha. btw, that copy of God of Gamblers is in Vietnamese! here's canto w/ english sub: God of Gamblers賭神 (1989) http://www.youtube.com/watch?v=XN_0VO9LURk
multiuses of chopsticks.
thank you for you link.

any one for scrabbles?
I always wins.
special rules, spelling mistakes acceptabl;e.

regards
  • #44,280
  • Jan 14, 2014 6:57am Jan 14, 2014 6:57am
Quoting fti
{quote} finally. Good fortune, my friend. steady as she goes. http://www.youtube.com/watch?v=unpQeqULUIM regards
Yes my friend. I will keep her steady.

I found that I am not fond of the alternative. Had much experience too.
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