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Technical Analysis Fallacy

  • #45,141
  • Mar 14, 2014 3:42am Mar 14, 2014 3:42am
Quoting FFStudent
My rescue troops needs a rescue
Hi FFstudent

Your mindset must be out of balance for you to post this, which in turn will affect your ability to take an unbiased assessment of the market and your timing, if it was ME in your situation I would consider reducing the load to a comfortable level first, then try to relax and calm myself, after this I would try to take a clear minded view of my situation in relation to possible market moves, this then would mean I could calmly decide to rescue what is left or kill the trade to fight another day, things to note are the current market situation/drivers namely the problems in eastern Europe/Russia, I personally would be reluctant to hold anything over the coming weekend.

This is just MY personal view in an effort to try to help, you must be the master of your own destiny my friend, good luck.

Great posts Michael as usual.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #45,142
  • Edited 4:51am Mar 14, 2014 3:52am | Edited 4:51am
Quoting ninazatulini
but I think if we use a stop loss different meaning, if we use the cut loss
yes correct.

stop loss orders is orders placed in others hands because one cannot manage, or too important manage.

stop loss is instruction to cut loss the position.

many gurus will teach their peeps must always have stop loss. The evils twist it around and tell peeps must always have stop loss orders butif they say orders then peeps know their hidden agendas. So they just say stop loss. Now everyone thinks stop loss is an order.
In spot interbank stop loss orders was a trick learned from the futures markets,lean on stop orders(yum trades). Traditionally dealers no time watch their own exposures, where have time watch others stop loss orders? The stop loss orders, TMU watches, unless is big guns stop loss orders. These can be scalped. But few BIG guns are lazy peeps, they normally have own dealers watch their own behinds.


me used to have driver/bodyguard, he military trained.
but normally we always fighting over who drives.
I normally want to drive and let him sweat. Because i know he very afraid of my driving.
I normally only let him drives if i going to receptions.
I prefer my life in my own hands, while he does his job watch my ass.
is difficult do 2 jobs, and do it well. although he very proficient.
This reason why i learned advance driving. Then we can share the job,watch my behind.
I think i only pain in world have his driver in back seat sometimes. But he always insist sit in front passanger.

But most peeps they trained to let others watch their behind. Is more fun.
The question is WHO they allow watch their behinds. wolfs? is fun, they whistles.
just like my kettle.

regards

In opwn outcry exchange systems, they have peeps who order fills for a living in the pits.
You know why these peeps always gets all sorts freebees?
thats because they the ones who are stacking the stops to fill.
nearest local (not physically) always gets the countertrades.
now should be worst.The computers doing the stacking. who the computer owners?
glenfiddich double straight up with tomatoes juice chaser pls.
no freebies?
ok ok extra 60 watts will do.
how about 2 phase power supply?
my amp always short of juice. need big big caps.
ai yoi all the caps pragnant already.
  • #45,143
  • Mar 14, 2014 5:27am Mar 14, 2014 5:27am
Quoting -Michael-
{quote} Hi FFStudent Still Learning so my answers are just my opinion or interpretation of my understanding of FTI teachings Timing is something that for me very hard because you never know when thats why i think you need to understand "Time Window" the time when you have an oportunity With scout you try to feel the market . So For Sabbath reading : Link 1 - FTI quote "I use the elliot wave study to compliment the implimentation of fibo generated sequenses for timing of...
Thank you Michael
for your kind help, and your opinion is so appreciated.
don't worry i will practice cos i want to understand well,and i will as long as there is
kind people here like Fti,yourself and others.

regards
Learning is a Journey Not a Destination
  • #45,144
  • Mar 14, 2014 5:35am Mar 14, 2014 5:35am
Quoting phil13
{quote} Hi FFstudent Your mindset must be out of balance for you to post this, which in turn will affect your ability to take an unbiased assessment of the market and your timing, if it was ME in your situation I would consider reducing the load to a comfortable level first, then try to relax and calm myself, after this I would try to take a clear minded view of my situation in relation to possible market moves, this then would mean I could calmly decide to rescue what is left or kill the trade to fight another day, things to note are the current...
Thank you Phil13 for your kind reply
very wise words especially about mind set
i will take your advise

regards
Learning is a Journey Not a Destination
  • #45,145
  • Mar 14, 2014 5:45am Mar 14, 2014 5:45am
Quoting -Michael-
{quote} You are The General and You are a captain of your Army You Layed plans of this Fight You r the one that can Decide what to do . Hope you will make wise decisions Dont Forget Rule of Preserving your capital and always have in the Head The WW Table There is always next fight regards Michael
Thank you Micheal, you was great help
wishing you safe trading
and happy weekend

regards
Learning is a Journey Not a Destination
  • #45,146
  • Mar 14, 2014 7:24am Mar 14, 2014 7:24am
Quoting Jacque
{quote} Hi phil, Thanks for the advice, I truly appreciate it. However, I tried with the no stop loss method for a month, and my rescues are simply not good enough or the mindset is just not right, and the losses were too huge. What I understood from this is that changes to methodology arise from the needs and the functionality to help preserve the book and be in tune with my nature. There is something I learnt that is other things in life can affect your trading and affect your peace of mind, like frustration from work, and you may not even be... Hi CookieMonsta, in response to your previous post for SG broker, you may be interested in checking out Oanda. Also, thanks for sharing your journey. Mindset is very important. Proper Mindset is safeguard against ego, anger, rigidity and etc. Proper mindset means fluidity and adaptability is present. How about Mindset for a start? There are many stories that fti has graciously shared on this thread, it may be good to re-peruse them. Below was previously shared on the thread. For your easy perusal - Alan Watts http://www.youtube.com/watch?v=Pe2u9_eqLfA Regards

Hi Jacque,

Thanks for the advice.

Regards,
CookieMonsta
  • #45,147
  • Mar 14, 2014 8:43am Mar 14, 2014 8:43am
I wouldn't discredit TA too much. It still has a useful purpose.
Any advice I provide should not be considered a financial recommendation.
  • #45,148
  • Mar 14, 2014 10:33am Mar 14, 2014 10:33am
Quoting jakebvt
I wouldn't discredit TA too much. It still has a useful purpose.
First Hello
Welcome to the FTI's Thread.
Second You know based on that you have just read first post or maybe be just the Title of this thread
you came to the wrong conclusion
Nobody here against The TA
on a contrary we use TA
The Fallacy in Predicting in a wrong way

Read Please This Link and you understand that you misjudged this thread and judged a book by a cover
1 ---Link---
2 ---Link---
3 ---Link---
4 ---Link---
5 ---Link---
6 ---Link---
7 ---Link---
8 ---Link---
9 ---Link---
10 ---Link---
11 ---Link---


Hope that not in all fields of your life you make such a hasty decision
Trade well, Live Well , Cease The Life
Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #45,149
  • Mar 14, 2014 12:26pm Mar 14, 2014 12:26pm
Quoting TEB63
{quote} I think the quote & person is........ You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time. Abraham Lincoln teb
I think they are about saying the same thing! But my take on this is that we might end up fooling ourselves.
  • #45,150
  • Mar 14, 2014 7:55pm Mar 14, 2014 7:55pm
Quoting jakebvt
I wouldn't discredit TA too much. It still has a useful purpose.
and why would i care what you do and don't? Who do you think you are?
1 thing is for sure. We not know who you are so there no reason for us listen to your 1 line advicements.
Why don't you go away start a thread and tell peeps about your usefulness.

You may be wasting your time here.
You don't seems read to well.
But you may still be useful. If everybody makes $.
where is the profits going to come from?
surely you will still serve a useful purpose. surely.

before you comment , pls try read first.
and if you do have comment,
pls no one liners, displays lack of ability communicate.

regards
  • #45,151
  • Edited 8:26pm Mar 14, 2014 7:57pm | Edited 8:26pm
Quoting come alive
{quote} I think they are about saying the same thing! But my take on this is that we might end up fooling ourselves.
huh?
fooling ourselves?
better than let others fool you.

You not fooling me, anyway.
You not understand what you reading.
I bet chinese is not your mother tongue?
i think this bet i can win.
also not even england i bet. you understand man.
maybe slowly.

baca dulu, saya susah faham dengan engkau.

regards


it says.

somethings can fool some peeps , sometimes.
can fool all peeps. sometimes.
but cannot fool ALL peeps , ALL times.

You know, real gold not fears BIG fire.

no says anything about you fooling yourself.
are you listening mp3s?
then you fooling yourself.
for peeps who no have taste buds, eat shit same as eat food.
but of course , thats a different angle on the subject.
sorry digressed. just fruits, for thought.
  • #45,152
  • Mar 14, 2014 8:27pm Mar 14, 2014 8:27pm
Quoting fti
{quote} and why would i care what you do and don't? Who do you think you are? 1 thing is for sure. We not know who you are so there no reason for us listen to your 1 line advicements. Why don't you go away start a thread and tell peeps about your usefulness. You may be wasting your time here. You don't seems read to well. But you may still be useful. If everybody makes $. where is the profits going to come from? surely you will still serve a useful purpose. surely. before you comment , pls try read first. and if you do...
I suspect someone's not very profitable today...

Of course not everyone can make money. You just need to be smart.

Lack of ability to communicate? Please learn English before commenting on my ability to communicate.

Have a good day.
Any advice I provide should not be considered a financial recommendation.
  • #45,153
  • Edited 9:40pm Mar 14, 2014 8:31pm | Edited 9:40pm
Quoting jakebvt
{quote} I suspect someone's not very profitable today... Of course not everyone can make money. You just need to be smart. Lack of ability to communicate? Please learn English before commenting on my ability to communicate. Have a good day.
see what i mean?
how can i be profitable today?
1 i aleready not trading for few months.
2. is saturday. where 's market?

so you not smart, just be careful is ok. watch out the egor.

My england no good enough for you?
then speak to me in chinese.
i can do 5 dialects.

By the way , i said you didn't communicated well .
mainly because i didn't wanted say you rude and uncultured.
make ass u me too much, before you read and compre hen.
from all my england studies, i learned, only smart aleks(dunce) makes 1 liner statements.
before jump conclusions, bewary jump from pot into fire.

Be very careful with dealers exuberance, we trained in markets, we very reactive.
but all my life God had been teaching me, be kind , even to the not so ....


ooops maybe you dealer too? use gentlemen codes?
yes, have a good day.

one friendly piece of advice.
just because you see pink , does not mean its someone's undergarments.
is elementary, my dear watson.
and don't worry too much, i adressing your comment. I not even know who you are.

regards
  • #45,154
  • Edited 10:59pm Mar 14, 2014 10:43pm | Edited 10:59pm
For my friends.
also michael, who's making an effort help the peeps who comes on.


These days i seems very cranky. Is because i feeling very cranky and restless with not much of a life and lots ghost enemies doing sneak attacks.
So i am talking too much with strangers.
But these comments, if they were when thread was young and peeps could not understand , i would try understand.
But really , its been years and thousands pages. They don't take trouble read, and they make snap uncalled for judgements.
For 1 i think no one here who understand already should even bother answer them. Is already all on the thread.
If they too big chips on their shoulder read and understand before ask, then i thinking why should we help them?
It already given.

They not even asking nothing relates to whats presented. Just wants make their big being felt by us here.
I say, help those ask politely and on stuff they not understand.
If they think they On top of the hill, let them go start their own threads.
It no matters who they may be, we no push overs here.yes?

I mean, just look at this chap.
the title of the thread is TA Fallacy, not that it reads TA is a fallacy.
then he tells me learn england?
ai yo, this wonderful world of idots.
and he not even take trouble read before making a fool of himself.
Funny that it seems all master traders are showing up in this thread these days.


regards
  • #45,155
  • Mar 14, 2014 11:13pm Mar 14, 2014 11:13pm
Chief,


everyone wants it free or easy...or give me crux....

please put this in front page..



V
Attached Image
  • #45,156
  • Edited 11:37pm Mar 14, 2014 11:24pm | Edited 11:37pm
Quoting indianguyinny24
Chief, everyone wants it free or easy...or give me crux.... please put this in front page.. V {image}

actually i not want tell them how they should live their trading lifes.
I just thought some of my experience may be helpful for those who would like to learn it, to float.
but seems some peeps are afraid that the real stuff get out in the open?
no more suckers to steal from?
that they have to come and cause all sorts distractions?

This world have much vested interest that peeps remain deceived and ignorant?

I mean if these peeps had shown what they do, how they do it.
and dead sure they better.
sure i can accept that.
but who these peeps comes with one line comments as if they king of the jungle.
They haven't seen a big snake shit before and they think they seen much?


regards
  • #45,157
  • Mar 14, 2014 11:47pm Mar 14, 2014 11:47pm
Quoting fti
{quote} actually i not want tell them how they should live their trading lifes. I just thought some of my experience may be helpful for those who would like to learn it, to float. but seems some peeps are afraid that the real stuff get out in the open? no more suckers to steal from? that they have to come and cause all sorts distractions? This world have much vested interest that peeps remain deceived and ignorant? I mean if these peeps had shown what they do, how they do it. and dead sure they better. sure i can accept that. but who these peeps...
people....hard to change....even hard for myself to change.....

V
  • #45,158
  • Mar 15, 2014 12:14am Mar 15, 2014 12:14am
Quoting indianguyinny24
{quote} people....hard to change....even hard for myself to change..... V
yes, thats true.
It ain't easy.
but we have cow sense to try.
reason and think.
they not even read and they can already judge.
if ask them hold a thread and show what they have, will they have what it takes??



regards
  • #45,159
  • Mar 15, 2014 12:31am Mar 15, 2014 12:31am
Quoting fti
{quote} yes, thats true. It ain't easy. but we have cow sense to try. reason and think. they not even read and they can already judge. if ask them hold a thread and show what they have, will they have what it takes?? regards

Yes east hats why now I ask have you read 200 pages yet
  • #45,160
  • Mar 15, 2014 2:22am Mar 15, 2014 2:22am
Quoting fti
For my friends. also michael, who's making an effort help the peeps who comes on. These days i seems very cranky. Is because i feeling very cranky and restless with not much of a life and lots ghost enemies doing sneak attacks. So i am talking too much with strangers. But these comments, if they were when thread was young and peeps could not understand , i would try understand. But really , its been years and thousands pages. They don't take trouble read, and they make snap uncalled for judgements. For 1 i think no one here who understand already...
Thanks for your help sifu. How is it going?
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