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Technical Analysis Fallacy

  • #48,521
  • Jul 12, 2014 9:49am Jul 12, 2014 9:49am
Quoting priceaction1
cha story
cha for drinking lor.
while drinking can tell all sorts stories.
Unbelievable, some stories i heard.
but have truth.

regards

also learned from elvis when young, not to learn karate from wrong instructor.
this very important for learning karate.
  • #48,522
  • Edited 10:22am Jul 12, 2014 10:10am | Edited 10:22am
Quoting fti
someone ask share this http://io9.com/the-remarkable-predic...sto-1603566619 esp this. http://io9.com/how-to-build-an-artif...womb-476464703 what wrong whith what we have now? have billions. no shortage at all. regards
Maybe Churchill could of helped me predict mkts today. He was good at predicting. Very interesting reads. Thank goodness I learned Karate from right instructor

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Omg , excuse the vulgar. But the concept is funny.
  • #48,523
  • Jul 12, 2014 10:21am Jul 12, 2014 10:21am
Quoting Swis
{quote} Maybe Churchill could of helped me predict mkts today. He was good at predicting. Very interesting reads. Thank goodness I learned Karate from right instructor
oh, rub left , rub right?

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regards
  • #48,524
  • Jul 12, 2014 11:35am Jul 12, 2014 11:35am
Quoting fti
{quote} oh, rub left , rub right? http://www.youtube.com/watch?v=3PycZtfns_U regards
I don't know why, but I never ask questions when instructed to do something by a superior. Sure it can make me gullible at times, but I always just think there is a purpose for any instruction--however menial it seems, so I do it anyway. Maybe I just like experiences. When I'm given a task, I work like an autistic child performing it at the best of my abilities to do so. I was always docile growing up. No questions, just do. Maybe why my work ethic shines a little. But I do get a feeling sometimes people like to impose themselves on me, just knowing my character, but for some reason I never stand up for myself when I'm being taken advantage of, I just do the work. In essence, I'm the one benefiting from working by sharpening a skill or making it more efficient. Even if I've done a task 100x, I just think maybe the opportunity of doing it one more time will lead to something different, like meeting someone new or learning something new. Mum asks me to pick up groceries, I go right away. Maybe meet cute girl.
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  • #48,525
  • Jul 12, 2014 11:54am Jul 12, 2014 11:54am
Quoting alexandria
I think I am starting to get a better feel for what this thread is about - I think. Maybe someone can kindly comment or am I still at odds with the thread - maybe I am on another planet from you guys? Is this approach to ensure only small losses with scout and checker (unless rescue possible - cannot quite get head around this bit but learning to dance is more important for now) but when price trends make lots with troops and long running scout. When scout/checker are in profit then your troops are not using your capital - happy days and take some...

Hi Alexandria

from my own experience here.....

The time frames are one (we separate/divide them up), do not get deluded that they are far apart or hard to relate to each other, price is always at the same place in each and that is where we are trading watching at any given point in time, they just represent expansion/compression of the data. ….…… big picture first then work your way through the data that makes up that big picture.

Use different tools/skills in each according to the situation presented to you and your knowledge of the market, this is important look at the THE MARKET with stable
emotions, you may be trading say the G/U but other pairs and the X’s will help you see what is really going on with either GBP and USD.

I use the K’s+X’s to help back up my ideas/track the moves (not just the pair I am trading) but that is probably not a tool you fully understand just yet as you have only just started reading the thread and is impossible for me to explain only time and experience can teach you. The learning continues for me as well.

Good MM is a way of helping to keep your emotions in check so you continue to read/asses the market and how your current situation/strategy is working out. Is not the aim of anyones trading to minimise your loses??, yes there are different ways to do this but if your foolish enough to go in max’ed out with little room for movement then your just relying on ‘hope’ and from my experience the market likes to dine on a mixed oeuvre d,hors of trades based on ‘hope’ (esp’ duck flavour).

You need to take your time to let things sink in, at the beginning of this thread fti stated that what he has presented here is a two year course, I find most people miss this and so expect to read the thread once or twice to become a mirror of fti trading style, I found the truth is you have to find your own way our friend has been kind enough to present the path to the tools we need and now it is up to us how or if we use them.

Here is a later post related that may help you start to understand the kingdoms and crosses.
http://www.forexfactory.com/showthre...25#post6419025

and AOW. in you you not read it.
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File Type: pdf the-art-of-war.pdf   139 KB | 883 downloads


not around much this weekend and next week my son and family are moving back to uk so we have the grandchildren quite a bit while they get their life sorted back here again..

Have a good weekend all.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #48,526
  • Jul 12, 2014 12:13pm Jul 12, 2014 12:13pm
Boy you guys are so harsh - I am unworthy...

Thanks Phil for reply - am already reading AOW - like dancin better tho'- and have not read all thread yet - too big - been reading it for some time - but I have to re-read lots as I do not understand it - have to guess what it is getting at lots of times .

I must come across so badly - I do not expect to get it quickly - if I had I would know by now that was not going to happen. I am not looking for quick fix as I believe each of us has our own perceptions anyway. I have been reading thread for quite some time - find it very hard to interpret - must be me -you guys are on some other wave length.

I thank you for your info - will think about it and read additional link you gave.

Have fun with family.
check out the terrain - follow never lead
  • #48,527
  • Edited 12:55pm Jul 12, 2014 12:41pm | Edited 12:55pm
Quoting alexandria
Boy you guys are so harsh - I am unworthy... Thanks Phil for reply - am already reading AOW - like dancin better tho'- and have not read all thread yet - too big - been reading it for some time - but I have to re-read lots as I do not understand it - have to guess what it is getting at lots of times . I must come across so badly - I do not expect to get it quickly - if I had I would know by now that was not going to happen. I am not looking for quick fix as I believe each of us has our own perceptions anyway. I have been reading thread for quite...
Don't lose hope m8, I couldn't even read a candlestick 8 months ago. I legitimately remember struggling to do so too. My only advice, don't take anything fti says for granted. Every single word is important. If you can't understand what he is trying to say, just keep playing with the demo account or small live account. It'll eventually hit you one way or another. At least I think so, some peeps might never get it no matter how hard they try, iunno.
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  • #48,528
  • Jul 12, 2014 12:46pm Jul 12, 2014 12:46pm
Quoting fti
This one takes the cake. but i not going tell you what its for.
this cake you talking about referring to the chy story and eve/lilith thingy? or referring to something else?
THE ALL is MIND; The Universe is Mental
  • #48,529
  • Jul 12, 2014 1:39pm Jul 12, 2014 1:39pm
Quoting Swis
{quote} I don't know why, but I never ask questions when instructed to do something by a superior. Sure it can make me gullible at times, but I always just think there is a purpose for any instruction--however menial it seems, so I do it anyway. Maybe I just like experiences. When I'm given a task, I work like an autistic child performing it at the best of my abilities to do so. I was always docile growing up. No questions, just do. Maybe why my work ethic shines a little. But I do get a feeling sometimes people like to impose themselves on me,...
special for my friends and you.

no one knows of this existance. i believe. just handful.
even i not seen it DVDed. until now.
remarkable work this cap did.


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regards
  • #48,530
  • Jul 12, 2014 1:45pm Jul 12, 2014 1:45pm
Quoting Swis
{quote} Don't lose hope m8, I couldn't even read a candlestick 8 months ago. I legitimately remember struggling to do so too. My only advice, don't take anything fti says for granted. Every single word is important. If you can't understand what he is trying to say, just keep playing with the demo account or small live account. It'll eventually hit you one way or another. At least I think so, some peeps might never get it no matter how hard they try, iunno. {image} {image}

cheers swis - priceaction kindly gave me chart already which I believe I understand - without it was quite lost tho'

I had my own questions coming into this thread and I believe I have them answered already as an aside as I had been doing my own thing anyways - which is basically going with the flow.

You have a good heart tho' - mind I'm no a greetin face
check out the terrain - follow never lead
  • #48,531
  • Jul 12, 2014 2:06pm Jul 12, 2014 2:06pm
Quoting fti
{quote} special for my friends and you. no one knows of this existance. i believe. just handful. even i not seen it DVDed. until now. remarkable work this cap did. http://www.youtube.com/watch?v=4KPQAxyAK7o regards
Wow, I'm already a very peaceful fellow. This just brought me to a whole new level of peace. She's a beauty. Well, I'm finally going out to get a work out. I feel like I've done a lot of trading and now I have to bring more of a balance into my life. Maybe it'll help me read trends better lol. toodles guise
  • #48,532
  • Jul 12, 2014 2:07pm Jul 12, 2014 2:07pm
this place is full of peace and live.

as like this one.

fairy meadows.
one in Pakistan other in Canada.
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don't predict direction, but dance with flow of water
  • #48,533
  • Jul 12, 2014 2:18pm Jul 12, 2014 2:18pm
Quoting Swis
{quote} Don't lose hope m8, I couldn't even read a candlestick 8 months ago. I legitimately remember struggling to do so too. My only advice, don't take anything fti says for granted. Every single word is important. If you can't understand what he is trying to say, just keep playing with the demo account or small live account. It'll eventually hit you one way or another. At least I think so, some peeps might never get it no matter how hard they try, iunno. {image} {image}
Can I ask 1 question about the chart tho when you have any time to give:

blue 4 - were trades closed because pa made higher low and maybe building impulse with larger move long?

Why get in again tho at purple - is it because downtrend in tact and pa after very large candle does not look impulsive any more?

Regards
check out the terrain - follow never lead
  • #48,534
  • Jul 12, 2014 2:28pm Jul 12, 2014 2:28pm
fti can put the correct order of the puzzle, bcz this is one of very rear charts from fti we got at thread.
don't predict direction, but dance with flow of water
  • #48,535
  • Edited 2:51pm Jul 12, 2014 2:39pm | Edited 2:51pm
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  • #48,536
  • Jul 12, 2014 2:44pm Jul 12, 2014 2:44pm
4 am!
don't predict direction, but dance with flow of water
  • #48,537
  • Jul 12, 2014 11:26pm Jul 12, 2014 11:26pm
apologies, OT a bit, anyone of you with no MIRS ranking got this FF T shirt box appearing on profile?

I have no ranking yet the T Shirt box is appearing on my profile

http://blog.forexfactory.com/?p=2946
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THE ALL is MIND; The Universe is Mental
  • #48,538
  • Edited 1:40am Jul 13, 2014 12:35am | Edited 1:40am
Quoting alexandria
Boy you guys are so harsh - I am unworthy... Thanks Phil for reply - am already reading AOW - like dancin better tho'- and have not read all thread yet - too big - been reading it for some time - but I have to re-read lots as I do not understand it - have to guess what it is getting at lots of times . I must come across so badly - I do not expect to get it quickly - if I had I would know by now that was not going to happen. I am not looking for quick fix as I believe each of us has our own perceptions anyway. I have been reading thread for quite...

Hi Alexandria

Sorry I did not mean to come across harsh, I know I am a bit direct in my answers.

I wish you every success with your journey, most of us understand the emperor moth story and know after being here for a while that trading is a very personal journey, when you look at thing differently, the things you look at look different.

Keep at it, it will start to make sense, we all started off in your position, I still have days where I look at the market or someone says something and think I have learnt nothing, keep pushing ahead one step at a time, as they say ‘little steps climb mountains’.

Regards

Phil.

@Jacque, yes, i have mine. they probably have loads left so extended the offer.
-be careful about what you allow to be put in your mind-
  • #48,539
  • Jul 13, 2014 12:44am Jul 13, 2014 12:44am
Quoting phil13
{quote}@Jacque, yes, i have mine. they probably have loads left so extended the offer.

hey Phil, good day to you. you have a medium impact ranking, so i guess you are entitled based on their guideline
THE ALL is MIND; The Universe is Mental
  • #48,540
  • Jul 13, 2014 3:37am Jul 13, 2014 3:37am
@tfi.....firstly well done to you Sir for jarring the door open of the real world trading for us all to take a peek.

I have spent a great part of my Saturday reading your post from the beginning, I think it will probably be one of the most financial and introspective beneficial time I have spent in a very long time.

On to my point, the most profound thing you let us know is in one of your tread where you said "bears make money, bulls make money, but pigs get slaughtered" .

I'll will continue to read this thread anf I encourage everyone to do so especially new traders.
Peace & Pips
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