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Technical Analysis Fallacy

  • #53,201
  • Nov 12, 2015 7:12am Nov 12, 2015 7:12am
Quoting CookieMonsta
{quote} Hi, Jacque, awe its a fun game though. been waiting for it a long time though.
i am waiting for the cinematics! the one eye zealot in this vid, he was in the first wave of the attack in the teaser vid

Inserted Video
THE ALL is MIND; The Universe is Mental
  • #53,202
  • Edited 3:17am Nov 13, 2015 3:03am | Edited 3:17am
Quoting phil13
{quote} Hi Alex hope you recover quickly my friend . just take it slow and look for the better/easier trades that you are most comfortable with, i am sure you will soon get back into the flow, i find a break from trading is often good as other things have time to sink in without you even realising it. i do not think anyone ever has a problem helping anyone who helps themselves. good luck my friend. regards Phil.
Hi there

Mind in weird space at mo' nothing to do with trading.......so gonna take some time to read start of thread again just to help mind settle. Need to find some nice music.........

Isn't it weird that FTI tells us how to trade in 1st page of thread..... I missed that before.........

Take care of yourself

Alex
check out the terrain - follow never lead
  • #53,203
  • Nov 13, 2015 5:39am Nov 13, 2015 5:39am
Quoting alexandria
{quote} Hi there Mind in weird space at mo' nothing to do with trading.......so gonna take some time to read start of thread again just to help mind settle. Need to find some nice music......... Isn't it weird that FTI tells us how to trade in 1st page of thread..... I missed that before......... Take care of yourself Alex
hi alex, take care my fren. you could scale down trading capital to 10% of normal line for a start.
THE ALL is MIND; The Universe is Mental
  • #53,204
  • Nov 13, 2015 6:06am Nov 13, 2015 6:06am
Quoting Jacque
{quote} i am waiting for the cinematics! the one eye zealot in this vid, he was in the first wave of the attack in the teaser vid https://www.youtube.com/watch?v=uQnmfEka3vw
here it is. all things come to pass

Inserted Video
THE ALL is MIND; The Universe is Mental
  • #53,205
  • Nov 13, 2015 11:42am Nov 13, 2015 11:42am
My dear Jacque,

Quoting Jacque
{quote} why you only choose to read the a small portion of what i highlighted?
highlights are for that purpose ... to be highlighted.

Quoting Jacque
{quote}
what does it tell us? putting the higlighted aside, if you only pick and choose what you want to follow and build you own weird looking horse, then pls dont come onto thread and start patting yourself on your back on how well or how successful you have performed using your own modifed frankistein and wanting to share your successful charts here. because, this thread is not about your weird horse.
why so much sarcasm, so much hate. in this 2661 pages, master encountered many stupids like me. i never had this kind of feeling in any of his replies (to anyone). I am not telling this because my ego got hurt here, i can look at myself as if I am looking at someone else.

Quoting Jacque
{quote}
is about a tried and tested 26 yrs professional trading MO. you can take your weird horse onto your own thread. but pls dont claim you learn your skills from this thread.
if i am successful its because of Master FTI, i can scream this from a top of a mountain. If I fail, its only because of me.

Quoting Jacque
{quote}
because we dont teach it here. funny thing, why is it that i asked you to show us where on this thread taught you to do the yellow highlighted, and then you ask me to point out to you when you missed out? i already pointed out, you not see? and your ears closed? so where on thread taught you that? and your worse statement,
i thought this is master FTI's thread and its like a monastery to me. But I realise its also the same for you and you can't tolerate some less intelligent and dump persons like me.


you are always referring to the mistake (the highlights) am making. I am expecting from you to point me to place where it is mentioned like so and so and because of that I am wrong. I don't need you to even do that hard work. you can highlight the correct one (your own sentence).

Quoting Jacque
{quote}
"risk is actually not here because i only use SL and not TP", so no risk? everyone that doesnt put SL has no risk? try telling that to the pros.
I am not saying, i did not put SL and i go to sleep. I am monitoring the trade and when it reaches the SL level, did I not tell I am in the Rescue mode.

You know many things than many people Jacque. Its also your wish whether to share or make fun of unfortunate people like me.

I wish you good luck as always and I am out of here.
  • #53,206
  • Nov 13, 2015 10:05pm Nov 13, 2015 10:05pm
Quoting Jacque
{quote} i am waiting for the cinematics! the one eye zealot in this vid, he was in the first wave of the attack in the teaser vid https://www.youtube.com/watch?v=uQnmfEka3vw
Hi, yep, I'm wondering if they will have a movie for this franchise, it will be superbAside from this, the political side of things in Europe are looking bad, France just got hit by terror attacks.The EUR currency might experience some volatile times soon.Rip to the innocent victims.
  • #53,207
  • Nov 13, 2015 11:10pm Nov 13, 2015 11:10pm
Quoting pannet1
My dear Jacque, {quote} highlights are for that purpose ... to be highlighted. {quote} why so much sarcasm, so much hate. in this 2661 pages, master encountered many stupids like me. i never had this kind of feeling in any of his replies (to anyone). I am not telling this because my ego got hurt here, i can look at myself as if I am looking at someone else. {quote} if i am successful its because of Master FTI, i can scream this from a top of a mountain. If I fail, its only because of me. {quote} i thought this is master FTI's thread and its like...
read thread.
THE ALL is MIND; The Universe is Mental
  • #53,208
  • Nov 14, 2015 4:00am Nov 14, 2015 4:00am
Quoting fti
{quote} nice vic.



V
  • #53,209
  • Nov 14, 2015 4:37am Nov 14, 2015 4:37am
chief says.

'I think Zoran did ask me about my using the pi against that was suggested in the golden ratios
(phi) by some posters here. I will answer him here as it is related issue.
Using a phi spiral creates a constant growth spiral from a point.
Whereas using pi skews breaks the circular leg price range and creates a spiral initiating from
a "range window" .In doing so, price and volatility ( determined by visual observation of the
leg of run from the bar chart.) becomes a component to the skew. This is akin to the using
ATR of a run leg of a trend ( note: run leg and not bar range). And the spiral growth becomes
a function of the windowed range. To do this requires much capitalisation.
This can also be constructed from a phi start point which begins not from the fibonacci
progression but a user determined base. Only that the spiral growth then coils into a 1.618
constant of itself. The exact technique of determining that range window leg is classified for
my own use as it may not be suitable for individuals.
For the purpose here, an understanding of the phi (golden) spiral may be sufficient as they
both utimately produces the same , a progressive growth of position exposure growth. The
differences is in the aggression of rescue and attack sequences.
You may like to build models to find your individual tolerance levels. Some may be able to
build better models than that which I use because mine is aggressive due the size of my
capitalisation, while at the bank. The reson I am doing so much demo is to retrain myself for
trading as an individual.
Whats most important is the understanding of the impact of per pip "value at risk" as the
position size spirals. It can get scary, so stay to most conservative parameters.
The most important thing to understand here is that there is no other alternative way to rescue
badly timed positions other than using this methodology. The basis of the success is in the
trading of the volatility, the direction of the trade is non negiotable it has to be right, so stay
with the entrenched trend, and watch your capitalisaion.
regards
any model base on this one.
don't predict direction, but dance with flow of water
  • #53,210
  • Nov 15, 2015 4:47am Nov 15, 2015 4:47am
Quoting Jacque
{quote} hi alex, take care my fren. you could scale down trading capital to 10% of normal line for a start.
Hi

I will go very teeny tiny ant when I start .... thanks for advice my friend.

I am not in any state mentally to start live so I am gonna take some time to get head right and cannot work for very long at mo'.... But I am looking forward to being back at it....


.... hope all peeps are safe and well.

Alex
check out the terrain - follow never lead
  • #53,211
  • Nov 15, 2015 4:52am Nov 15, 2015 4:52am
Quoting priceaction1
chief says. 'I think Zoran did ask me about my using the pi against that was suggested in the golden ratios (phi) by some posters here. I will answer him here as it is related issue. Using a phi spiral creates a constant growth spiral from a point. Whereas using pi skews breaks the circular leg price range and creates a spiral initiating from a "range window" .In doing so, price and volatility ( determined by visual observation of the leg of run from the bar chart.) becomes a component to the skew. This is akin to the using ATR of a run leg of a...
Thanks for this great reminder.. I am gonna work on some models as I have been doing it per situation without really thinking too much about the maths (I do use the fib nos a bit obviously and had just started thinking it through so this is a great reminder for me. Thank you.
check out the terrain - follow never lead
  • #53,212
  • Nov 15, 2015 10:07pm Nov 15, 2015 10:07pm
Quoting alexandria
Hi all. Out of surgery 6 weeks now and so gonna start back trading slowly as it is all I can do for now..... any tips for starting up again most welcome....... to get mind back in place gonna start reading thread from start again as I am sure I did not understand it too well some times and still so...... so sorry if I ask really dumb questions or I may just fly who knows......I know I really need to let go...... Hope all are well. Alex

Feel better, some things i have learned. It is better to even start at 1/100 size if need to point is to never get in anxious state. Always enter remebering all the lessons learned to reach here. Being said that keep an eye how long you can keep the focus. The trade is a 1$ or 100$ the focus should be there, so keep an eye on focus and ur BREATH.


V
  • #53,213
  • Nov 16, 2015 11:49am Nov 16, 2015 11:49am
Quoting alexandria
{quote} Thanks for this great reminder.. I am gonna work on some models as I have been doing it per situation without really thinking too much about the maths (I do use the fib nos a bit obviously and had just started thinking it through so this is a great reminder for me. Thank you.
alex,

hope this inspires you.

cheers
  • #53,214
  • Nov 16, 2015 11:56am Nov 16, 2015 11:56am
chweet!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB
  • #53,215
  • Nov 16, 2015 7:58pm Nov 16, 2015 7:58pm
Quoting pannet1
chweet! {image}
Hi, pannet1, just curious, since the trade is in ur favour, why not attack it?
  • #53,216
  • Nov 17, 2015 1:57am Nov 17, 2015 1:57am
Quoting CookieMonsta
{quote} Hi, pannet1, just curious, since the trade is in ur favour, why not attack it?

Hi CookieMonsta,

Thank you for the suggestion.

I am following my own attack less stupid system. (on 4H time compression, see the main trend, wait for a 4H retrace, then when price comes to the Highest/Lowest extreme of that 4H bar, enter).

- Rescue is triggered if price had again started retracing and goes to the other extreme
- TP is triggered when price reached the size of 4H trigger bar in the originally assumed trend direction.

First my account size is small (as master FTI says, trading for fun). Then the amount risked the smallest possible on forex platforms. So very less pain (and less gain).

I am also now trading part time (but have the advantage of flexi timing, so can extend as much as I want during Rescue times).

Sorry, if i told all my troubles, for some one who asked, "How are you ?".

Thank you once again for asking.

Note: in fact, I was so much tempted to Attack, because PA had so much room for retrace and took the whole day to come to the original assumed trend direction.
  • #53,217
  • Nov 17, 2015 2:22am Nov 17, 2015 2:22am
Bhai,

can you please translate this in English please.

i figured out (not necessarily the below post) that when a HL/LH is formed in a trend at its nascent state. one would be able to visualise the possible extent (or size) of the spiral. as the trend builds up one would adjust attack/rescue sequence. Did any one worked on this already. Pictures of models () will be very helpful.

Note: As far spirals (a banyan tree is very painful and an eucalyptus is very easy for the mind).

Quoting priceaction1
chief says. 'I think Zoran did ask me about my using the pi against that was suggested in the golden ratios (phi) by some posters here. I will answer him here as it is related issue. Using a phi spiral creates a constant growth spiral from a point. Whereas using pi skews breaks the circular leg price range and creates a spiral initiating from a "range window" .In doing so, price and volatility ( determined by visual observation of the leg of run from the bar chart.) becomes a component to the skew. This is akin to the using ATR of a run leg of a...
  • #53,218
  • Edited 6:17am Nov 17, 2015 4:22am | Edited 6:17am
Quoting pannet1
{quote} Hi CookieMonsta, Thank you for the suggestion. I am following my own attack less stupid system. (on 4H time compression, see the main trend, wait for a 4H retrace, then when price comes to the Highest/Lowest extreme of that 4H bar, enter). - Rescue is triggered if price had again started retracing and goes to the other extreme - TP is triggered when price reached the size of 4H trigger bar in the originally assumed trend direction. First my account size is small (as master FTI says, trading for fun). Then the amount risked the smallest possible...
Well, suits u, just asking a question, don't know why ur so defensive. I trade the new York morning only, there's ways to trade it with high r&r, but I guess u should trade ur own way, sry for intruding, good day to u.
  • #53,219
  • Nov 18, 2015 3:42am Nov 18, 2015 3:42am
Quoting indianguyinny24
{quote} Feel better, some things i have learned. It is better to even start at 1/100 size if need to point is to never get in anxious state. Always enter remebering all the lessons learned to reach here. Being said that keep an eye how long you can keep the focus. The trade is a 1$ or 100$ the focus should be there, so keep an eye on focus and ur BREATH. V
Thanks .... I just need to get back to trader mind ... not hospital mind... although come to think of it I think they may be same mindset.... oh well.......
check out the terrain - follow never lead
  • #53,220
  • Nov 19, 2015 4:35am Nov 19, 2015 4:35am
Inserted Video



for FTI and all and me
check out the terrain - follow never lead
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