Technical Analysis Fallacy

too busy chief...working at certain places require a lot more ...and sometime u question r u in “happy-bottom-quarter’ in the system....sometime too stressfull not getting time to trade at all much...

V

damage is part of the battle,

recovery is essential ,

victory is the objective

3 Words change my Psychology.

Thanks FTI

like your post FTI

noted and understood.
life's full of adjustments.

Is nice you pop in once a while visit.

regards


eerr by the way, the 2 giants, they not going to hug and make peace?

thank you.

regards

welcome.


regards

just pulled my last couple of pips on A/U (6) and calling it a day/week.

as always been a pleasure trading along side all of you, my friends, take care and have a good weekend all .

regards

Phil.

http://v.youku.com/v_show/id_XNDEwNzE0NDUy.html

have a good one my frens

hey cookie, thanks for quoting gann. reminds me, after going thru some of his other work, i think the way he trades is just price action aka tape reading... yes the tape may fool people because it is like a poker game, sometime you call a bluff, sometimes other peeps will call your bluff. depends on who is in power in the game and how many have folded or checked at that point in time. if you watch the depth and time sales, and take part in the the trading, all these becomes clearer. like for a particular stock in a quiet mkt with no catalyst to push price, if price is near any line breakout, the big boys may have already hve sell order waiting above breakout and they buy up to simulate interest from other participants so that the participants will buy from them at above the breakout, once no one is buying and the interest fizzes out, then the breakout fails. most of those who bought will be desparate to cut loss, some one just has to start cutting and it will cascade unless of course some interested big funds appear out of nowwhere and start to buy. so is like water being pumped unnaturally to a high level and when the forces is diminished, it fall back to its equilibrium.

it is really hard to explain price action without watching the real thing and analogies are the tools that he uses and when people still doesnt get it and believe there is some sort of a secret, wont it be easier to just sell them the secret? i guess at some point in time, some traders burn out from the stress in the mkt, and the alternative means to living is to sell education and i believe this is what happened to gann. however, he left behind a very powerful MM in tunnel thru the air which fti has shared here. i have read several time and i have am not sure if i have fully deciper everything. all i saw was some progression, went from fibo to , 10,100,1000. but with fti help here, i guess the idea is pretty simple. spiral out when rescuing, sprial in when adding to trend run, keep in mind the avg of the position + profit taken. strength of spiral depends on multiples used whether is fibo, martigale, pi or 10 times that depends on capitalization. and spiral within spiral to ride trends, 1,1,2,3,5,8,13,8,5,3,2,1,1, the concave diamond. if successful and continue to ride then spiral into convex diamond 53, 21, 13, 8, 5, 3, 2, 1,1, -1,-1,-2.. depends on much one can tolerate the position size in the mkt then the rest is just reading the pa of the mkt.

btw, how is your progress on the studies on options? for me.. i am currently transiting out of active trading.. so my alternative to this is to move into investing for my love of the markets.

doubt it....

V

ahhh....have a snack.

courtesy of Nagano Midori san.
https://plus.google.com/u/0/+MidoriTachikawa/posts

wah too nice to eat. maybe picachu?

eeeer how to eat this, so adorable.
okok just eat the blancket.

regards

noted. but what a waste.
aiya personality conflicts difficult solve.

regards

this is going into company expenses as.. R&D? or entertainment?

as a bday present then maybe.

i was just stressing about all the things i still need to learn about Marketing, customer relationship management.. and how much IT I need to know -> API ....

ooops tiger is here.
okok ask fork to buy under comp expenses and give as gift to you.
problem solved.

Oh is birdsday? wait i need buy kitkat and find huge box wrap it in. moment pls.

and as for learning, its never enough , so don't ever stop. Cat drags in new things everyday.

regards

regards

time out

time out