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Technical Analysis Fallacy

  • #53,041
  • Sep 14, 2015 8:41pm Sep 14, 2015 8:41pm
I think let the master rest for now to regain his strength. Hope you recover soon fti

@Jac
"my understanding is that the selling/buying while in battle is a dance and feeling the pulse. TA becomes secondary after using it for first glance analysis. i didnt think he got that. hence my line of questioning to him."

Yes, agree. But my problem is "how to dance and feel the pulse". What is the core tools beside eliot wave to help us dance and feel the pulse ?

TA fallacy lies in its rigid use. What fti teaches I believe is flexibility and dance with the market.
But even a good dancer must know basic TA stuff like S/R, trends, candlesticks, eliot wave, chart pattern.
We must adjust our thought based on each new ticks which may give a different direction.
But don't draw it on your chart that might direct your thought to certain rigid prediction.


@ Cook
[quote=CookieMonsta;8488654]
Quoting rt15
{quote} Hi rt15,I think jacque ia right, I think you have missed out a lot of things, in the initial pages, there were afew suggested readings that you should definitely read, because if u did read them u won't be asking about indicators anymore, like the topping and bottoming formations and such, because mm, aow, 3 kingdoms won't save u if u can't read the markets, as u will just end up doing the wrong things at the wrong time
Which reading should I read to dance better ? Please.

Agree, if I can't read the market than all strategy is useless. That is exactly my question. How do I learn dancing ? That is the basic step before others. The foundation. Without it, it's useless.

rt15
  • #53,042
  • Sep 14, 2015 8:47pm Sep 14, 2015 8:47pm
I know another core tool fti taught beside elliot wave.
Follow the trend. Go in one direction, with the trend

Let's push aside MM,AOW, and 3 kingdoms for now. All I want to learn is the "dancing".

rt15
  • #53,043
  • Sep 14, 2015 9:09pm Sep 14, 2015 9:09pm
Eliot wave is the trend. They are one and the same.

So you want to catch elliot wave impulse. then test it with a scout if it follows elliot wave leg and retracement.
If you are convinced the market is caught in elliot wave then hit it hard.

You are never sure if you are right. Market is always right.
There MM, AOW starts kicks in

rt15
  • #53,044
  • Sep 14, 2015 9:17pm Sep 14, 2015 9:17pm
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regards
  • #53,045
  • Edited 10:06pm Sep 14, 2015 9:32pm | Edited 10:06pm
Quoting Jacque
Quoting fti
{quote} hi fti, tks for your input. but in a slight unfortunate way, it brought a premature end to what i was trying to suss out from rt15. i was hoping he will do his homework and point out the below post on what you had to say on elliot wave. this post appears as pg65 on my setting, likely to have appeared on his read to pg100 as he claims. and is also very simple to find iif he did a search. http://www.forexfactory.com/showthre...ot#post1834759 from his line of questioning, i got a little
...

noted.
I am glad you chaps are sharpening each others tools.

regards
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  • #53,046
  • Sep 14, 2015 9:35pm Sep 14, 2015 9:35pm
chief! hope all is in good ship shape
don't predict direction, but dance with flow of water
  • #53,047
  • Sep 14, 2015 9:48pm Sep 14, 2015 9:48pm
Fti you are pretty good managing the attack
but with each attack some of your heart cells may die and getting weaker

so you may want also to prevent it
remember what triggers them one by one
lack of sleep, emotion, physical exhaustion ?
avoid them from happening again
so prevent the attack,
it's better

GBU fti

rt15
  • #53,048
  • Edited 10:31pm Sep 14, 2015 10:09pm | Edited 10:31pm
Quoting rt15
I think let the master rest for now to regain his strength. Hope you recover soon fti @Jac "my understanding is that the selling/buying while in battle is a dance and feeling the pulse. TA becomes secondary after using it for first glance analysis. i didnt think he got that. hence my line of questioning to him." Yes, agree. But my problem is "how to dance and feel the pulse". What is the core tools beside eliot wave to help us dance and feel the pulse ? TA fallacy lies in its rigid use. What fti teaches I believe is flexibility...

First, read the thread properly, the first 200 pages, they mentioned the topping and bottoming formation, and then study the impulse, retrace and counterimpulse actions of the market, but really, what u need is experience, not technical tools, study market structure and then watch the markets for at least 2 years, the market is the best teacher around, if u do study it properly, then u will not need these tools at all, go read the post I posted on the chart, it contains my thinking process and analysis, that is how I analyse price action, what u want is to develop the intuition to observe how the market is moving the price, not indicators, like why is the market support so much here? Maybe there is a move coming, some unknown news, but it appears on the tape first, the bids keep getting hit but buyers hold the bids and step up, while sellers back off after awhile and not adjust back and buyers still hold, this is called reading the tape, though its only a small portion of reading the tape. The dance is how u trade according to how you understand the condition the market is in now
  • #53,049
  • Sep 14, 2015 10:19pm Sep 14, 2015 10:19pm
Quoting rt15
Fti you are pretty good managing the attack but with each attack some of your heart cells may die and getting weaker so you may want also to prevent it remember what triggers them one by one lack of sleep, emotion, physical exhaustion ? avoid them from happening again so prevent the attack, it's better GBU fti rt15
yes, if one cannot take the heat , stay clear the kitchen.
Everything has a price to pay.

regards
  • #53,050
  • Sep 14, 2015 11:19pm Sep 14, 2015 11:19pm
Quoting fti
{quote} yes, if one cannot take the heat , stay clear the kitchen. Everything has a price to pay. regards

perfect

V
  • #53,051
  • Sep 15, 2015 12:22am Sep 15, 2015 12:22am
Quoting CookieMonsta
{quote} First, read the thread properly, the first 200 pages, they mentioned the topping and bottoming formation, and then study the impulse, retrace and counterimpulse actions of the market, but really, what u need is experience, not technical tools, study market structure and then watch the markets for at least 2 years, the market is the best teacher around, if u do study it properly, then u will not need these tools at all, go read the post I posted on the chart, it contains my thinking process and analysis, that is how I analyse price action,...
Tq Cook
I'll finish my reading up to 200 pages (now 101), reread it once more
reading all 2653 pages is impossible :-)

and I will study Lusan Journal (lot's of charts, hooray :-)
one of fti's good students
that post his trading journal in FF

meditate on the idea
then practice with demo

Some of Lusan method is similar to mine
Watch for D trend and Elliot wave on M5
Well our teacher is the same
But I want to see how he implements the idea in the war

rt15
  • #53,052
  • Sep 15, 2015 12:22am Sep 15, 2015 12:22am
Quoting indianguyinny24
{quote} perfect V


regards
  • #53,053
  • Sep 15, 2015 1:12am Sep 15, 2015 1:12am
Quoting rt15
{quote} Tq Cook I'll finish my reading up to 200 pages (now 101), reread it once more reading all 2653 pages is impossible :-) and I will study Lusan Journal (lot's of charts, hooray :-) one of fti's good students that post his trading journal in FF meditate on the idea then practice with demo Some of Lusan method is similar to mine Watch for D trend and Elliot wave on M5 Well our teacher is the same But I want to see how he implements the idea in the war rt15
master is a mystic.
students need not be a mystic.
then there is group study where students discuss on what they understand.
there may be good (/bad) things to learn/(unlearn) from LuSan's journal.

so if each one of the bright students post their trades, it will really help, noobies and experienced trader (with a noobie brain ) like me. if you wish to explain the thinking behind your each trade, fine, otherwise also its OK.

i have a doubt how many (of the students) practice what they preach. Not to mean to offend here. But like some earlier posts revealed even bright students may have some misunderstanding (since our master is a mystic). Also master never imposes anything and does not want everyone to be rigid.

today thoughts: market is a nuclear reactor that fuels with the (sitting) ducks
  • #53,054
  • Edited 1:33am Sep 15, 2015 1:16am | Edited 1:33am
Quoting pannet1
{quote} master is a mystic. students need not be a mystic. then there is group study where students discuss on what they understand. there may be good (/bad) things to learn/(unlearn) from LuSan's journal. so if each one of the bright students post their trades, it will really help, noobies and experienced trader (with a noobie brain ) like me. if you wish to explain the thinking behind your each trade, fine, otherwise also its OK. i have a doubt how many (of the students) practice what they preach. Not to mean to offend here. But like some...

not mystic , my friend.
House on the hill always need be careful of invaders.
In life , have good friends and true enemies.
Any way i gave point blank. If one cannot see, then the blockage is with one.
With more experience , one may see on revisit.

Or maybe i no articulate in way one understands.
My bad.


regards
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  • #53,055
  • Sep 15, 2015 1:28am Sep 15, 2015 1:28am
Quoting fti
{quote} not mystic , my friend. House on the hill always need be careful of invaders. In life , have good friends and true enemies. Any way i gave point blank. If one cannot see, then the blockage is with one. With more experience , one may see on revisit. Or maybe i no articulate in way one understands. My bad. regards
Master,

I could not ask for more.
Should practice more (to be more profitable).
With your help I am now able to come alive out of the market.
  • #53,056
  • Sep 15, 2015 2:33am Sep 15, 2015 2:33am
Quoting rt15
{quote} Tq Cook I'll finish my reading up to 200 pages (now 101), reread it once more reading all 2653 pages is impossible :-) and I will study Lusan Journal (lot's of charts, hooray :-) one of fti's good students that post his trading journal in FF meditate on the idea then practice with demo Some of Lusan method is similar to mine Watch for D trend and Elliot wave on M5 Well our teacher is the same But I want to see how he implements the idea in the war rt15
And at the end of studying all their methods, u will find out what kind of trader you really are, that then is when you truely begin to trade for real, where u begin to understand your niche and your skill which are second nature to u and u begin on ur own journey, and all skills you acquire are all built around those niche skills u have, that is the journey of a developing trader
  • #53,057
  • Sep 15, 2015 4:31am Sep 15, 2015 4:31am
Quoting pannet1
{quote} master is a mystic. students need not be a mystic. then there is group study where students discuss on what they understand. there may be good (/bad) things to learn/(unlearn) from LuSan's journal. so if each one of the bright students post their trades, it will really help, noobies and experienced trader (with a noobie brain ) like me. if you wish to explain the thinking behind your each trade, fine, otherwise also its OK. i have a doubt how many (of the students) practice what they preach. Not to mean to offend here. But like some...

Hi pannet1

posting live trades and explanations is hard work due to the multiple entries, posting trades that are not live is of no use as people will cherry pick the best only, practising your own talent is what will help you the most.

there is no one brighter than anyone else we are all just at different points in our own learning curve and developement of our own personal trading strategies.

saying you doubt what people say/do here will not make anyone try to prove to you what they do, those that can have nothing to prove to anyone and just try to give a little friendly help when asked for everyone to discuss and benefit from.

no one can know everything, different people trade and read/get different things from the thread to develope their own ways, some stay and continually progress but most give up because they want to copy something and not go to the bother of thinking and developing for themselves, as fti said paying the price.

if you have managed to get to a point of survival and come out alive as you say then you must be doing something right so try developing on that and concentrating your own efforts into researching how you can make yourself a better trader, as fti says it has all been given in the thread already, do not think about copying think about developing your own strategy that is in tune with you and the way you see things.

to me it sounds like you know what needs to be done but you are reluctant to commit to doing it without a crutch/safety net, maybe re-read the emperor moth story.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #53,058
  • Sep 15, 2015 5:04am Sep 15, 2015 5:04am
anyone played starcraft before? the latest starcraft cinematics is amazing!

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THE ALL is MIND; The Universe is Mental
  • #53,059
  • Sep 15, 2015 6:02am Sep 15, 2015 6:02am
Quoting Jacque
anyone played starcraft before? the latest starcraft cinematics is amazing! https://www.youtube.com/watch?v=M_XwzBMTJaM
diamond zerg in NA server reporting in love the metagaming aspect of this so much and it reminds me of trading too
  • #53,060
  • Sep 15, 2015 6:12am Sep 15, 2015 6:12am
Quoting CookieMonsta
{quote} diamond zerg in NA server reporting in love the metagaming aspect of this so much and it reminds me of trading too
i still remember the time when i played 1vs1 with my fren via the 56k dial up modem. those goooood old days. look at how much the game have since evolved..
THE ALL is MIND; The Universe is Mental
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