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Technical Analysis Fallacy

  • #52,321
  • May 11, 2015 7:51pm May 11, 2015 7:51pm
Quoting pannet1
{quote} Dear ken, I am junior too. First MACD is lagging indicator and master FTI does not recommend using it (or most of them for the matter). Second your trades are too close. First try it out in bigger timeframes. I can see your chart its a sell off. So you would have taken the highest of each retraces. I guess thats what master does.

Dear Pannet,


Thank you for your insight. Just to confirm my understanding. Master mentioned that it is OK to use indicators to confirm our price action readings, just don't depend on them. How far apart should the trades be?

I didn't explain my thoughts clearly in the previous post. In the H4 chart, I see a lost of momentum going on. However, price will move upwards before large selloff would occur. So, on the M5 chart, I'm looking for buy entries. Scout 1 is to establish position, when position is in our favour, we add Attack 1. However, price move against us and we conduct Rescue 1. At point F, we close all trade as rescue should be swift. I turn Rescue 1 into Scout. Close scout at last due to fatigue. Am I doing it correctly?



Dear V,

I've read until the 3 Kingdoms. Dare not proceed with 3 Kingdoms as I'm still struggling with the previous teachings. Would like to confirm what I understand before proceeding to the 3 Kingdoms.

Cheers,
Ken
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  • #52,322
  • May 12, 2015 5:38am May 12, 2015 5:38am
Quoting ken.b
{quote} Dear Pannet, Thank you for your insight. Just to confirm my understanding. Master mentioned that it is OK to use indicators to confirm our price action readings, just don't depend on them. How far apart should the trades be? I didn't explain my thoughts clearly in the previous post. In the H4 chart, I see a lost of momentum going on. However, price will move upwards before large selloff would occur. So, on the M5 chart, I'm looking for buy entries. Scout 1 is to establish position, when position is in our favour, we add Attack 1. However,...
Dear Ken,

I would be the lowest ranking disciple of FTI. I am not in a position to teach here but from what I understand the scout should have been in the direction of the main (down) trend. Please correct me if i am wrong. Also could you please provide me the links to the posts where master FTI explains the method of sending scouts, attacking and Rescuing.
  • #52,323
  • May 12, 2015 7:42am May 12, 2015 7:42am
Dear Pannet,


Thank you for your input. Do you mean http://www.forexfactory.com/showthre...31#post1845331 or http://www.forexfactory.com/showthre...=57639&page=73 ?

Happy trading,
Ken
  • #52,324
  • May 12, 2015 8:02am May 12, 2015 8:02am
hi pannet1

there is no ranking here, we are all learning and just at different points in our the learning curve.

hi Ken.b

if you read about the kingdoms it may start to bring it together for you. read first 200 pages or so then go back and work on each piece/skill, that is what i did anyway.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #52,325
  • May 13, 2015 3:32am May 13, 2015 3:32am
Aiya where's putin?
If add putin double, can make trio.

https://www.facebook.com/pandoratv/v...9215826440517/

regards
  • #52,326
  • May 13, 2015 7:25am May 13, 2015 7:25am
Dear Phil,

Thank you. I will heed your advice.

Dear FTI,

You're kind enough to share your knowledge to us. Thank you too!


I shall go back to silent mode till I've finish 200 pages. Till then, happy trading!

Regards,
Ken
  • #52,327
  • May 13, 2015 9:46am May 13, 2015 9:46am
Quoting ken.b
Dear Phil, Thank you. I will heed your advice. Dear FTI, You're kind enough to share your knowledge to us. Thank you too! I shall go back to silent mode till I've finish 200 pages. Till then, happy trading! Regards, Ken
Hi Ken.b

no need to be silent if you need answers, i just feel you need to see the whole picture to understand better. the thread explains it best, all you get here is our own individual view point which may or may not be helpful in your own learn curve.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #52,328
  • Edited 5:54am May 15, 2015 4:57am | Edited 5:54am
Quoting ken.b
Dear Phil, Thank you. I will heed your advice. Dear FTI, You're kind enough to share your knowledge to us. Thank you too! I shall go back to silent mode till I've finish 200 pages. Till then, happy trading! Regards, Ken

Hi

I am learning too the FTI way..... or my way maybe (sorry Frank). Maybe I am not doing it like FTI or Phil who knows but if it works for me over time then it is good for me. Keep what is good drop what is not.

Here is how I found it... it may or may not help you.

I read and read and read (I like studying as I am good at it so I reverted to type)................. I thought I understood what I had read (more than 200 pages there is great stuff everywhere here (and in TAF lounge thread) but some is also misleading). FTI and Phil and others told me that it is a journey and it takes time and you cannot learn just by reading... you need to get in and feel it.. my partner is learning new sky diving moves in a tunnel and the only way to get them good enough for him is to get in and feel it. How he flies is different to the next man slight tweaks due to his build etc. How you see things will be different to me.

As I came to understand the market a bit better by doing and reread some of the thread I was shocked that I seemed to have missed so much...... after doing it you can go back and reread and learn lots more. FTI tells us at the start that it is all about the 3 VIP stuff..... it is so simple to write/read but in reality it is not so simple. I think this is the true answer those 3 simple things.

I started a bit at a time with feel and trend on 1 pair to learn my man's moves, studied "sitting ducks" and thought about patterns and candles, then watched RoK and news and thought about time of day, then went on to rescue and attack and then me.

So go for it... demo it and make lots of mistakes and learn.... FTI tells us the market will teach us.

PS Do not be quiet..... I learn so much from others here and am grateful to all especially those who honestly show their faults... we all have them. For me this is a slow journey and things are working against me at the mo'.... but journey is worth it

Have fun and no rigidity.... that is what life is about. Be cautioned FTI makes you think about your life too....or did for me.
check out the terrain - follow never lead
  • #52,329
  • May 15, 2015 5:34am May 15, 2015 5:34am
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check out the terrain - follow never lead
  • #52,330
  • May 15, 2015 11:16am May 15, 2015 11:16am
BB King, has died aged 89, his lawyer says.
http://www.bbc.com/news/entertainment-arts-32747979

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regards
  • #52,331
  • May 15, 2015 8:57pm May 15, 2015 8:57pm
ok, i don't know what to make of this reporting.

all i can say to you is please don't be over trading your capacity.

is there anyone from panda land here.
can someone check to see if the sept thingy is accurate?

I not even sure if this is accurate but this report is sighted to had been released yesterday.
Can someone check as well? please.


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regards
  • #52,332
  • May 15, 2015 11:20pm May 15, 2015 11:20pm
Quoting alexandria
{quote} Hi I am learning too the FTI way..... or my way maybe (sorry Frank). Maybe I am not doing it like FTI or Phil who knows but if it works for me over time then it is good for me. Keep what is good drop what is not. Here is how I found it... it may or may not help you. I read and read and read (I like studying as I am good at it so I reverted to type)................. I thought I understood what I had read (more than 200 pages there is great stuff everywhere here (and in TAF lounge thread) but some is also misleading). FTI and Phil and others...
Dear alexandria,

You helped me once. This is a journal that has many example how trading of FTI's method could be (or could not be). But for not so intelligent guy like me it provided an insight and really changed the way I trade. I am very sure that this will help a lot people. I hereby thank madam leighsww for requesting Master to posrt here at FF. What a selfless act. And as per the legacy of Master FTI goes ... a story for you.

Long long ago there used to be sage who visits a home for his food. Every time when he eats, a cat used to try to eat his food too. So they kept a stick near him to threaten the cat. Several years passed by and in the same village. Another Sage comes to eat in another house. Someone in that house told, "Bring the stick". But, now there are no cats (at least so courageous enough to eat in the plate of the sage).
  • #52,333
  • May 16, 2015 4:56am May 16, 2015 4:56am
Quoting fti
BB King, has died aged 89, his lawyer says. http://www.bbc.com/news/entertainment-arts-32747979 https://www.youtube.com/watch?v=uNfyJtFNFqU https://www.youtube.com/watch?v=F4OXrmxDp44 https://www.youtube.com/watch?v=4Ny5ajCn0xw regards

Thanks for the music......I have been lucky enough to have heard his band loads of times over the years.... great musicians ..they just walked casually on stage and started playing 1 or 2 at a time by feel (FTI way)..... great stuff... and left stage the same way.

Regards
check out the terrain - follow never lead
  • #52,334
  • Edited 12:23pm May 16, 2015 5:00am | Edited 12:23pm
Quoting pannet1
{quote} Dear alexandria, You helped me once. This is a journal that has many example how trading of FTI's method could be (or could not be). But for not so intelligent guy like me it provided an insight and really changed the way I trade. I am very sure that this will help a lot people. I hereby thank madam leighsww for requesting Master to posrt here at FF. What a selfless act. And as per the legacy of Master FTI goes ... a story for you. Long long ago there used to be sage...
Thanks.... my advice is read the thread and find your own way now..........the market will teach you/me both.

There are many journals around that may help you find your own way a bit but I found that I do not always agree with the practices presented and not even sure that some would be as FTI would provide.... but he wants us all to be even better traders than he (we dream) so VIP to find our own way through the narrow gate. I am finding the market for sure teaches me stuff sometimes hard to take as it is me that has a problem. Good luck on your journey.


Regards
check out the terrain - follow never lead
  • #52,335
  • May 16, 2015 9:05am May 16, 2015 9:05am
Quoting pannet1
{quote} Dear alexandria, You helped me once. This is a journal that has many example how trading of FTI's method could be (or could not be). But for not so intelligent guy like me it provided an insight and really changed the way I trade. I am very sure that this will help a lot people. I hereby thank madam leighsww for requesting Master to posrt here at FF. What a selfless act. And as per the legacy of Master FTI goes ... a story for you. Long long ago there used to be sage...

good story.
Try understand,grasshopper

This is why is important have a family. Have head of family and members of the family.
And if a family practises unkind acts, then it passes on as evil deeds.
So is very important that the family not learn any evil practises, it will pass down over to the members.
When the father is gone.
Mostly then they not understand why father did it that way.
So if the cat was feed as well when was time to eat. There would be a no stick tradition.

Thank you for the story.

regards
  • #52,336
  • May 16, 2015 1:53pm May 16, 2015 1:53pm
Ahhhh 淡淡幽情2 is coming.
The vocal representation is magnificent and the musicians very classy.
Lovely.

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regards
  • #52,337
  • May 17, 2015 1:18am May 17, 2015 1:18am
Quoting alexandria
{quote} Thanks.... my advice is read the thread and find your own way now..........the market will teach you/me both. There are many journals around that may help you find your own way a bit but I found that I do not always agree with the practices presented and not even sure that some would be as FTI would provide.... but he wants us all to be even better traders than he (we dream) so VIP to find our own way through the narrow gate. I am finding the market for sure teaches me stuff sometimes hard to take as it is me that has a problem. Good...
Hi Alexandria,

Thank you. I think I found the way but my bottom line should speak for itself. Can you point me to other journals (of disciples, of the master).
  • #52,338
  • May 17, 2015 1:19am May 17, 2015 1:19am
Quoting fti
{quote} good story. Try understand,grasshopper This is why is important have a family. Have head of family and members of the family. And if a family practises unkind acts, then it passes on as evil deeds. So is very important that the family not learn any evil practises, it will pass down over to the members. When the father is gone. Mostly then they not understand why father did it that way. So if the cat was feed as well when was time to eat. There would be a no stick tradition. Thank you for the story. regards


Please don't mention. I am glad you enjoyed it.
  • #52,339
  • May 17, 2015 4:53am May 17, 2015 4:53am
PURE INSANITY.
------------------

The Prince is correct.
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  • #52,340
  • May 17, 2015 4:55am May 17, 2015 4:55am
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