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Technical Analysis Fallacy

  • #49,061
  • Jul 27, 2014 10:41am Jul 27, 2014 10:41am
Quoting merquise
Yep and after those 5 years spent reading he will know it all...Swiss how much of the thread did you read and in what time? Be honest...
Stopped around 2013 when Leigh left then went to Jacque's profile and picked up on what Tub, & Fana Frz say. So maybe 1.5k pgs-- though a lot skipped
A lot of it was rushed after 400 then I caught fti repeating himself mostly by the time I got to his description of chart patterns & PA, I had already demo'd so long, all he did was confirm what I was learning from the market.
Also, there is another thread that helps you out--within this thread, but that one was carried out a bit slowly, because peeps were trying to demystify it still.
Also, took around 9 months. Put in a good 6 hrs every day, included practicing on demo.
5 years spent reading? That's not too bad, considering the reward. This thread is a fast lane, and fti was nice enough to supply info. You're either hungry for it or not. Trading isn't a fucking joke. You either put in work, or keep fantasizing about making millions without the work, while losing money.Also, figured every question, I would of thought of asking was in the thread at one point--so even now I try to search for more.
  • #49,062
  • Jul 27, 2014 10:47am Jul 27, 2014 10:47am
Quoting Jacque
{quote} you trying to fly before learning how to walk? you just came on thread recently, no? you understood mindset, mm and mo already? you able to recite first 200 pages back to front and front to back? you using the components to get consistent profit already?
Yes mindset I understand...MO roughly, money management - there are some black holes which I want to fill...reciting 200 pages, maybe if we get together and give it a go

Yes I am using the re-averaging component and mixing it with pivots..consistent profits? have to get back to you 3 months from now to tell you on that
  • #49,063
  • Edited 11:02am Jul 27, 2014 10:47am | Edited 11:02am
Quoting merquise
A question to anyone who can answer: I live in Europe, but I use NZ broker which has Daily candles set to NY closing time...on my trading station at 23h in my local time and when the candle starts to form sessions are like this (this is my local time which is GMT+1): Sidney 23-08h, Tokyo 02-11h, London 09-18h, NY 14-23h at 23h my local time a new candle starts (that is 00h server time on MT4) When I wake up around London open (yes I don't like to get up early ) I start trading around 10AM (or 9AM London time) I look at what Sidney and Tokyo did,...
hi, merquise, not sure if this would help, but i experienced this recently during live rescues, i would check the news to see whats the cause (if any), i would use the 3 kingdoms as presented by fti to check if there are any monetary flow (perhaps it is a strong currency flow from another currency buying or selling crosses which resulted in the volatility which is out of line with the major trend of our said pair, hence it may constitute transitional volatility compared to fundamental volatility), then i would see if the major trend is intact for the daily, hourly, then i would see if someone (does not have to be mm) is still tanking and absorbing orders at a certain price, if volatility and chart reads does not indicate friendly bulls or bears heavily absorbing, then rescue may not be good to deploy, otherwise rescue may still succeed. hence everything is managed as to now.

hope this answers your question too, there is no question as to why price is moving like that, does not matter if i even know the mm who is buying, all that matters is price is moving in what direction, if i have an exposure on, do i rescue if scout needs rescue or attack if in profits, if it is moving up it is moving up, if it is moving down it is moving down, the focus should be on the dance and feeling the terrain.

also merquise, what you are seeing on the daily pivot point is the stop clusters(hypothetically, hence may not be there if nobody wants to use daily pivots), which has been propagated by media to let everyone know how to use them, and they form extremely good places for market makers to stop hunt or reduce their exposures, hence you need to recognise why daily pivots work, same for indicators, in fact, these pivots and indicators have been used by market makers as part of their market making strategies, why? because so many people put their stops there, which is easy liquidity for market makers. so market makers do not see the daily pivots, what they see are actual stops in their books, but also how would market makers use stops? nobody knows but the market makers, it is the reaction to these stop clusters which tells us if market makers are evening exposures, or letting the trend ride. this is the terrain, 00 levels as well as old support and resistance as well as daily high lows may accumulate stops, and that is what mm is seeing where the huge clusters of stops are, and that is what partially feeling the market is about.

ever seen before double tops which fail and either resume original trend or ranges and double tops whose volatility is extreme below neck line? try to wonder what is happening in these 2 cases. and also what does this tell us if the market is ready to go up, down or range, with respect to the understanding of the hip lop patterns.
  • #49,064
  • Jul 27, 2014 10:51am Jul 27, 2014 10:51am
Quoting Swis
{quote} Stopped around 2013 when Leigh left then went to Jacque's profile and picked up on what Tub, & Fana Frz say. So maybe 1.5k pgs-- though a lot skipped A lot of it was rushed after 400 then I caught fti repeating himself mostly by the time I got to his description of chart patterns & PA, I had already demo'd so long, all he did was confirm what I was learning from the market. Also, there is another thread that helps you out--within this thread, but that one was carried out a bit slowly, because peeps were trying to demystify it still. Also,...
Swiss I didn't skip anything and it took me two weeks for 100 pages only....also I am not considering any rewards, I am only considering information I can learn.

Btw. me being 10 years older than you stopped fantasizing a long time ago unless girls are involved
  • #49,065
  • Jul 27, 2014 11:08am Jul 27, 2014 11:08am
Quoting CookieMonsta
{quote} hi, merquise, not sure if this would help, but i experienced this recently during live rescues, i would check the news to see whats the cause (if any), i would use the 3 kingdoms as presented by fti to check if there are any monetary flow (perhaps it is a strong currency flow from another currency buying or selling crosses which resulted in the volatility which is out of line with the major trend of our said pair, hence it may constitute transitional volatility compared to fundamental volatility), then i would see if the major trend is intact...
CookieMonsta, thank you from my heart as there is someone like me who want's to try and give some answers to someone instead of sending him to re-read the bible 3 times before asking something that has been answered before and questioning his reading of the bible (this was sarcasm )

Yes anyhow, pivots I use for rescues..MM probably uses them for taking liquidity if the market is on the other side..i guess
  • #49,066
  • Jul 27, 2014 11:11am Jul 27, 2014 11:11am
Quoting merquise
{quote} Swiss I didn't skip anything and it took me two weeks for 100 pages only....also I am not considering any rewards, I am only considering information I can learn. Btw. me being 10 years older than you stopped fantasizing a long time ago unless girls are involved
Well, I think most people on here are just offended, by when people ask questions(including me), mostly because we worked so hard to digest information. I can easily summarize fti's teaching in maybe two paragraphs of essentials. I won't though because I spent my time actually working. That's why I'm so hesitant to post any of my trades, because most of mines are executed & played out the same way. I supplied an answer to your mm trend forecasting theory. You'll probably end up learning the hard way. I tried pivots, s&r, and fib. while in demo to help but they're fairy dust.
Understand what Jacque and I are saying about being so rigid. There is a reason why we both shared nearly the same response. We're only trying to help you...the mkt will show you though.
  • #49,067
  • Jul 27, 2014 11:13am Jul 27, 2014 11:13am
Quoting merquise
{quote} CookieMonsta, thank you from my heart as there is someone like me who want's to try and give some answers to someone instead of sending him to re-read the bible 3 times before asking something that has been answered before and questioning his reading of the bible (this was sarcasm ) Yes anyhow, pivots I use for rescues..MM probably uses them for taking liquidity if the market is on the other side..i guess
hi merquise, glad to help.

there are a lot of hidden gems inside this thread, hidden past page 200, i would suggest you to read the entire thread if you really desire to succeed in trading.

also, i have been revising them for about the 4th time now and found i missed some gems even after the 3rd reads.

also you might want to focus on price action at these levels, as if you use pivots, you may appear on the radar and become predictable to mm or other big guys who wants to game people who use pivots, hence my advice is to just take it as an aid only, but price action must lead all these.
  • #49,068
  • Jul 27, 2014 11:26am Jul 27, 2014 11:26am
Quoting Swis
{quote} Well, I think most people on here are just offended, by when people ask questions(including me), mostly because we worked so hard to digest information. I can easily summarize fti's teaching in maybe two paragraphs of essentials. I won't though because I spent my time actually working. That's why I'm so hesitant to post any of my trades, because most of mines are executed & played out the same way. I supplied an answer to your mm trend forecasting theory. You'll probably end up learning the hard way. I tried pivots, s&r, and fib. while in...
Swiss thank you for your insights but I can tell you that I will summarize what I learned at the time I become truly profitable day after day as I believe in helping others and not withholding anything especially if one has already read what there is to read, but needs maybe a push or two to get to something...

Also because you worked so hard do cheer up, maybe go re read that sandpiper story FTI posted....there is a hidden gem in there

I apologize if I offended you and Jacque with my unintelligent questions which were a product of non hard working...must try and work harder
  • #49,069
  • Jul 27, 2014 11:27am Jul 27, 2014 11:27am
Quoting CookieMonsta
{quote} hi merquise, glad to help. there are a lot of hidden gems inside this thread, hidden past page 200, i would suggest you to read the entire thread if you really desire to succeed in trading. also, i have been revising them for about the 4th time now and found i missed some gems even after the 3rd reads. also you might want to focus on price action at these levels, as if you use pivots, you may appear on the radar and become predictable to mm or other big guys who wants to game people who use pivots, hence my advice is to just take it as an...
Cookie I know what you mean and will use them only as a tool and not as a guide
  • #49,070
  • Jul 27, 2014 11:28am Jul 27, 2014 11:28am
Quoting merquise
{quote} Swiss thank you for your insights but I can tell you that I will summarize what I learned at the time I become truly profitable day after day as I believe in helping others and not withholding anything especially if one has already read what there is to read, but needs maybe a push or two to get to something... Also because you worked so hard do cheer up, maybe go re read that sandpiper story FTI posted....there is a hidden gem in there I apologize if I offended you and Jacque with my unintelligent questions which were a product of non...
dw I got that gem, actually remember tearing up a little
  • #49,071
  • Jul 27, 2014 11:40am Jul 27, 2014 11:40am
merquise, it seems you dont read well. I have already shared with you the thought process of a market maker coming to his desk from my understanding and yet you seems to think it is not what you are looking for. thus, in that case, pls go read first 200 pages and find the answer yourself.

first, no one is hiding or withholding information from you. second, your questions are not unintelligent, it is the case that i feel that you are trying to build the second storey of your house before even building the foundation. thus i direct you to read and understand, one understand, apply and execute. consistency in p&l.

you said:

Quote
When you want to learn something and you have a good source of information than you want to ask 1000 questions again and again eve though some of them were answered already as you are trying to absorb all that additional information, so don't hate me because I'm asking some questions on which you may already know the answer...kindly give it or not..it is your choice

however, you are not even asking any questions on the basics. you are asking something advance on market maker which requires basic. and the fact is that if you understood the basics, you will not be asking the questions on market maker in the way you asked. i see you asking questions all over the place on ff, seems you trying to find the golden goose, that is my impression.

thus, it seems obvious that you have not assimilated the basics on this thread. truth be told - even i myself am re-reading thread from begining

well, i could be incorrect in my impressions. if that is so, my apologies. however, only you yourself will know. because, at the end of the day, your p&l speaks for itself.

you want a summary? sure by all means make one, it is only useful to yourself because you gone through the training. but have you ever see someone read a summary on how to play chess and he becomes the world champion? sorry my fren, it doesnt work that way. pls help yourself first.

and you talk about reading bible 3 times? i think you need read it 100 times. well if you are a believer, the book is given to you by your creator for you to know how to know his grace and the path to salvation. yet, you indirectly complained of reading it 3 times? gosh, the thread is given to you for free by a kind soul, yet you indrectly complain of the time required? and wnat talk about summary? oh good, why dont you go summarise the bible? its so thick, takes forever to read. and then go help all the rest, tell them in 10 pages, the path to salvation.
THE ALL is MIND; The Universe is Mental
  • #49,072
  • Jul 27, 2014 11:47am Jul 27, 2014 11:47am
so swis come back.
grate
don't predict direction, but dance with flow of water
  • #49,073
  • Jul 27, 2014 11:52am Jul 27, 2014 11:52am
Quoting priceaction1
so swis come back. grate
Only 4 u bby<3
hahahaha
oh, Jacque merciless
u search all his ff posts?
He likes knowing the opponent
Maybe your passion might be in the FBI Jacque lol
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  • #49,074
  • Jul 27, 2014 12:06pm Jul 27, 2014 12:06pm
Quoting Jacque
merquise, it seems you dont read well. I have already shared with you the thought process of a market maker coming to his desk from my understanding and yet you seems to think it is not what you are looking for. thus, in that case, pls go read first 200 pages and find the answer yourself. first, no one is hiding or withholding information from you. second, your questions are not unintelligent, it is the case that i feel that you are trying to build the second storey of your house before even building the foundation. thus i direct you to read and...
Jacque point taken...be well
  • #49,075
  • Jul 27, 2014 12:35pm Jul 27, 2014 12:35pm
Quoting fti
Oh for the busy peeps, i have sumarised the fti summary for you in a one page pdf. enjoy. {image}
even fti summarized the entire thread already, ya'll get on the bus.
  • #49,076
  • Jul 27, 2014 12:57pm Jul 27, 2014 12:57pm
Quoting Swis
{quote} Only 4 u bby<3 hahahaha oh, Jacque merciless u search all his ff posts? He likes knowing the opponent Maybe your passion might be in the FBI Jacque lol {image}
lol, being a police was one my childhood dream.. i actually have many occupation dreams during childhood as to that guy... where apart from skin color, he completely doesnt look like me!

actually, i just wanted to know what is his level of understanding so that I am able to assess what will be appropriate to share with him based on what little i know.

my apologies if i came across in a merciless manner. that is not my intention. actually, it is nice and i appreciate a little help going ard. after all the thread is long and sometimes, a little direction is nice. and i do thank the peeps before me who have helped me along the way. and in the same manner, i would like to help the peeps after me.

however, my concern is when new peeps come onboard. truth is that i do not know them and their style, and espeically when they ask questions where the answers are to be found in the first 10 pages or so, i get concerned. I do not wish to see this thread become a fti's MO dispensing machine where new peeps try to only fish for information, get summary or try find the golden goose.

sorry for my caution and adversion, my apologies to the peeps. in time to come, it will be telling

i would of course be happy to join any discussion or debate on various point so that we may learn or clarify or even gain new insights with our combined brainpower
THE ALL is MIND; The Universe is Mental
  • #49,077
  • Edited 2:47pm Jul 27, 2014 1:52pm | Edited 2:47pm
Quoting Jacque
{quote} lol, being a police was one my childhood dream.. i actually have many occupation dreams during childhood as to that guy... where apart from skin color, he completely doesnt look like me! actually, i just wanted to know what is his level of understanding so that I am able to assess what will be appropriate to share with him based on what little i know. my apologies if i came across in a merciless manner. that is not my intention. actually, it is nice and i appreciate a little help going ard. after all the thread is long and sometimes,...
Eh. Fti was merciless all along. It is good, because sometimes peeps need a good slap. I respect the guy's experimental stage though. Because most of the time, I was just throwing darts then it came to me. I remember asking a similar question to my chart about the different part of the worlds, and their conflicts. Or if one session takes a lead from another etc etc. I had probably asked the chart more questions than I asked Google my entire life. I wanted to leave because I had fti's tools, and the rest was asking the mkt more questions. But I think I have a bit of a duty to help others. Also, I want to learn to trade other mkts. I don't know how those work--just understand the concept & mechanics, so I thought it'd be fun. I think I was learning equities, started to wonder of a top to bottom approach there,or something that resembles 3rok. So, I'm always wondering many things.
  • #49,078
  • Jul 27, 2014 9:07pm Jul 27, 2014 9:07pm
Quoting Swis
{quote} Eh. Fti was merciless all along. It is good, because sometimes peeps need a good slap. I respect the guy's experimental stage though. Because most of the time, I was just throwing darts then it came to me. I remember asking a similar question to my chart about the different part of the worlds, and their conflicts. Or if one session takes a lead from another etc etc. I had probably asked the chart more questions than I asked Google my entire life. I wanted to leave because I had fti's tools, and the rest was asking the mkt more questions....
good spirit.
no hates.
just slide a little allow arrow approach.
then breath out redirect.
no need force.
just lean on the force directed hurt you.
now it cannot hurt you anymore.
and allow force of its own energy depart whereever it came from.
you survive fight another battle of life. Unhurt and what not kills you only serves make you stronger.
remember the boxing clip you posted?
ready for next punch.

regards
  • #49,079
  • Jul 27, 2014 10:04pm Jul 27, 2014 10:04pm
Quoting fti
{quote} good spirit. no hates. just slide a little allow arrow approach. then breath out redirect. no need force. just lean on the force directed hurt you. now it cannot hurt you anymore. and allow force of its own energy depart whereever it came from. you survive fight another battle of life. Unhurt and what not kills you only serves make you stronger. remember the boxing clip you posted? ready for next punch. regards
I'm a student of the game. Trying to develop tremendous technique, by knowing the ins & outs, slipping punches in a sleeve. Technically solid. I could grow complacent with my set of skills, but I decide I want to take it to another lvl every single day just to make sure I keep going forward. fti u eat mm for dinner nao? she's been sleepy for a while, I was only asked to a real prom dance like 3 times all week long. :'(
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  • #49,080
  • Jul 27, 2014 10:53pm Jul 27, 2014 10:53pm
Love the music shame you tube took it down
Saw Matt Munro sing BORN FREE
Listen to the lyrics apply them to ya trading an edge YOU !
Also saw you put Frank Sinatra my way my dad RIP in peace was a professional singer and he did this well . With this great thread we need to due are way remembering the great principles of FTI much respect mate ! Back to reading page 134 . As I go through this thread I will add the odd tune was a professional D/ J Johnny red pants in a previous life ! This is my calling know !

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Quoting fti
Hi All, Sorry friends, today I am tired, so I'll try to answer some questions tomorrow, if suits regards http://www.youtube.com/watch?v=qVBU7Xw9BpE Below is my all time favourite. http://www.youtube.com/watch?v=8HlExn72D9w Born Free (lyrics) Born free, as free as the winds blow. As free as the grass grows, Born free to follow your heart. Live free, and beauty surrounds you. The world still astounds you, Each time you look at the stars Stay free, where no walls divides you, You're free as a roaring tide, So, there's no need...
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