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Technical Analysis Fallacy

  • #56,621
  • Dec 5, 2016 9:32am Dec 5, 2016 9:32am
Quoting fti
{quote} You are a beautiful soul. Few would step up to the plate try to get the thoughts across. BUt from my experiences, i have seen these before. When they ask questions like that, is a difficult choice. You jump from good planes. yes. if you took someone up. And at the door, they ask if its alright to jump. you know there s small chance of a nice landing. In the elements, there is already the chance to splash, But if they not feel right do it, chances when meet some kinda impass when already jump, they will ask again. But then there...
Hehe.
Got a 7 bagger few times.
Made to pay everyones game. After awhile, tried to do a 9/ after the 3rd or 4th. usually from a strike positioning to a 9/ is a one board shift. so is ok
hope youre feeling better.

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #56,622
  • Dec 5, 2016 10:58am Dec 5, 2016 10:58am
Quoting RelaxRay
{quote} Hehe. Got a 7 bagger few times. Made to pay everyones game. After awhile, tried to do a 9/ after the 3rd or 4th. usually from a strike positioning to a 9/ is a one board shift. so is ok hope youre feeling better. rgds
no Korean steamboat?

regards
  • #56,623
  • Dec 5, 2016 11:02am Dec 5, 2016 11:02am
Quoting fti
{quote} no Korean steamboat? regards
that was in early 2000s... more then 10 years since i rolled a ball down the alley..
i think not introducted yet. only have yum cha @ red star with 4 heavenly king.. haha

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #56,624
  • Edited 10:06pm Dec 5, 2016 8:47pm | Edited 10:06pm
wow yum cha with em?
very tokkong leh.
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regards
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  • #56,625
  • Dec 6, 2016 2:16am Dec 6, 2016 2:16am
Quoting fti
wow yum cha with em? very tokkong leh. https://www.youtube.com/watch?v=DZkyub9VNC4 regards {image}
yaya.. play with loud speak on LD, no need pay tix entrance fee

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #56,626
  • Edited 5:24am Dec 6, 2016 2:35am | Edited 5:24am
Quoting RelaxRay
{quote} yaya.. play with loud speak on LD, no need pay tix entrance fee rgds

regards

i think the rat i rescued , he has family.
Today my snares caught a little chap.
he looks familar. but is a baby.

after feeding it, i let it go live in the outer garden, the woods. It does me no harm.
Poor thing, everyone struggles for survival. It ain't easy.
And its asking for so little.
Anyway i still don't eat rat.

https://www.youutube.com/watch?v=5h19E4pllv8

no have the one i listening.
same same but my saxy phone accompanied version better.
  • #56,627
  • Edited 11:45am Dec 6, 2016 2:53am | Edited 11:45am
Quoting fti
{quote} regards i think the rat i rescued , he has family. Today my snares caught a little chap. he looks familar. but is a baby. after feeding it, i let it go live in the outer garden, the woods. It does no harm to me. Poor thing, everyone struggles for survival. It ain't easy. And its asking for so little. Anyway i still don't eat rat.
hey no no,
wrong channel.
this one, https://en.wikipedia.org/wiki/Cantopop
"the "Four Heavenly Kings" (四大天王), namely Jacky Cheung, Andy Lau, Aaron Kwok and Leon Lai"

rgds

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//// seems like cable might be closing outside day today.
tmr be interesting
Fall in love with the process, and the outcome takes care of itself.
  • #56,628
  • Edited 5:23am Dec 6, 2016 3:22am | Edited 5:23am
Quoting RelaxRay
{quote} hey no no, wrong channel. this one, https://en.wikipedia.org/wiki/Cantopop "the "Four Heavenly Kings" (四大天王), namely Jacky Cheung, Andy Lau, Aaron Kwok and Leon Lai" rgds https://www.youtube.com/watch?v=Yatd5mQXct0...
hahahahahahahah eeeer some that 4 not heavenly yet la.
who you think singing?
That one jack la. and A-Mei

regards

https://www.yootube.com/watch?v=SkKTS3bNCqk

meiDai
https://www.yootube.com/watch?v=CJjvtmHYKas
  • #56,629
  • Edited 6:09am Dec 6, 2016 5:35am | Edited 6:09am
Quoting alexandria
{quote} Yes it takes money Yes it takes time....... what skill worth having does not take time..... Create demo account............trade following the market while reading/studying thread.....when learned enough go live and do it even better Oh and need good attitude not bad nervy one........ Alex
Only when he gets hit by the first curve ball, then he will know what he is made of, and realise that, there's only 2 answers, 1, the will to push on with grit, 2 to call it quits.

It's only at this point, which is the moment of truth, that the decision is most real.

only experience can teach a person grit.
  • #56,630
  • Dec 6, 2016 4:00pm Dec 6, 2016 4:00pm
Quoting fti
{quote} hahahahahahahah eeeer some that 4 not heavenly yet la. who you think singing? That one jack la. and A-Mei regards https://www.yootube.com/watch?v=SkKTS3bNCqk meiDai https://www.yootube.com/watch?v=CJjvtmHYKas
Hi FTI!

How are you? I hope that everthing is fine by you, specially your health!

Right now I'm re-reading the thread... Don't ask me why.....

How much wisdom (not only about FX) have you given us without asking for anything in return!
Whenever I deviate from your teachings, I must go back with the head down admitting, "...FTI was right..."!!!

I have already expressed it on other occasions, but again: Thank you very much !!!

I wonder, where is the "old guard"? Auxesis, Mamood, Lusan, the Ladies, etc, etc.,
I never knew about them again, who still trades, who does not, etc ...

Very best regards,
Textor

PS:
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  • #56,631
  • Dec 6, 2016 5:43pm Dec 6, 2016 5:43pm
Quoting textor
{quote} Hi FTI! How are you? I hope that everthing is fine by you, specially your health! Right now I'm re-reading the thread... Don't ask me why..... How much wisdom (not only about FX) have you given us without asking for anything in return! Whenever I deviate from your teachings, I must go back with the head down admitting, "...FTI was right..."!!! I have already expressed it on other occasions, but again: Thank you very much !!! I wonder, where is the "old guard"? Auxesis, Mamood, Lusan, the Ladies, etc, etc., I never knew about them again,...
Hi textor.
Long time no see.
I am alive still, surprisingly.
I cooled off much activities, and seems my body approves.

Oh every body dealing with their own things.
If they trades, staying under the radar.
Some still comes by and say hello , once in a blue moon. i know 1 is skiing lots.
Ahhhh Andre Rieu, wonderful musician.
Thank you textor, Aranjuez is a masterpiece. hugs.

regards
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  • #56,632
  • Dec 6, 2016 6:12pm Dec 6, 2016 6:12pm
Quoting fti
{quote} Hi textor. Long time no see. I am alive still, surprisingly. I cooled off much activities, and seems my body approves. Oh every body dealing with their own things. If they trades, staying under the radar. Some still comes by and say hello , once in a blue moon. i know 1 is skiing lots. Ahhhh Andre Rieu, wonderful musician. Thank you textor, Aranjuez is a masterpiece. hugs. regards {image}


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AUD/JPY
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Rgs,
Textor
  • #56,633
  • Dec 6, 2016 9:03pm Dec 6, 2016 9:03pm
Quoting textor
{quote} https://www.youtube.com/watch?v=i8WFnMNlKhw AUD/JPY https://www.youtube.com/watch?v=7UFmwArST-I Rgs, Textor


regards
  • #56,634
  • Dec 7, 2016 2:19am Dec 7, 2016 2:19am
Quoting CookieMonsta
{quote} Only when he gets hit by the first curve ball, then he will know what he is made of, and realise that, there's only 2 answers, 1, the will to push on with grit, 2 to call it quits. It's only at this point, which is the moment of truth, that the decision is most real. only experience can teach a person grit.
Thank you.

Hard isn't it - it's a cycle - experience brings greater skills but can bring scorpions so back to basics -------everything in cycle/harmony

Alex
check out the terrain - follow never lead
  • #56,635
  • Dec 7, 2016 2:47am Dec 7, 2016 2:47am
Quoting alexandria
{quote} Thank you. Hard isn't it - it's a cycle - experience brings greater skills but can bring scorpions so back to basics -------everything in cycle/harmony Alex
well, hard is relative, really depends on how much you want to achieve the goal.

just to get to this level, i think i have already blown about 7 to 8 accounts in the past when learning various methods, albeit those are small sums of money. so at least now i have more consistency. though those money are considered "well spent", what i lost in money, i gain in the life lessons learnt. grit and persistence and control of emotion were part of them. the best part i guess is, precisely because i lost a meaningful sum of money on it, so the lesson sticks harder and longer and sort of in a sense changes my personality to be more suited for trading i guess. so in a sense i was kind of glad i was the lousiest trader when i started, coz it showed me how much i sucked, and how much i really need to improve and train to be able to trade profitably consistently.

an example i guess is aow, reading it is one thing, employing it when the market throws the curve ball at you, thats when it shows if you have mastered it.

its just like how the ultimate trading guide's john r hill said, the path the profitability isnt a smooth one, and he has been up and down the profitability hill many times.
  • #56,636
  • Dec 7, 2016 2:58am Dec 7, 2016 2:58am
Hi Alex and CookieMonsta

You know the greed (or fear of missing out) thing is biggest scorpion, after many years of being bitten by it myself I do control it within myself pretty well now I think, but what highlighted it to me recently was something I learned here I can and do use for something else I do, recently I have shown my wife it and she seems to get it/use it without letting the emotions take over, she understands slow and steady completes the task but a couple of my friends and my daughters fiance take it so far then allow the scorpion to release the greed monster, they have all told me that they have tried to enhance/add to it when they are doing well using it, this then puts them back to the start again or causes damage which takes a long time to recover from. . And they are all doing it over and over again like the cycle I guess as you mention.

As an outside observer I can see why fti says we must learn from our mistakes, I have always tried to do this and thought others did the same but this shows me some people just do not understand learning by doing as much as some others, maybe because I am dyslexic I find it easier as I have always had to look at something and learn about it in a different way to others who can absorb more of the instructions they read and are given, it has been very interesting to watch this happening.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #56,637
  • Dec 7, 2016 3:09am Dec 7, 2016 3:09am
Quoting phil13
Hi Alex and CookieMonsta You know the greed (or fear of missing out) thing is biggest scorpion, after many years .....
Hi my friend.... maybe age brings wisdom - calm and reflection.......but everyone different..... I have found at start of trying to follow FTI approach I did not reflect so much on self.... but now starting to see how VIP it is too.

At start of journey I think now I was looking for magic answer/crystal ball. Now I realise this is a journey of gaining skills including for maintaining right attitude.... for me my journey has been very interrupted by health issues so that has affected me too in all sorts of ways.

Alex
check out the terrain - follow never lead
  • #56,638
  • Edited 3:42am Dec 7, 2016 3:31am | Edited 3:42am
Quoting phil13
Hi Alex and CookieMonsta You know the greed (or fear of missing out) thing is biggest scorpion, after many years of being bitten by it myself I do control it within myself pretty well now I think, but what highlighted it to me recently was something I learned here I can and do use for something else I do, recently I have shown my wife it and she seems to get it/use it without letting the emotions take over, she understands slow and steady completes the task but a couple of my friends and my daughters fiance take it so far then allow the scorpion...
thats part of whats difficult to learn i guess, objectivity rather than subjectivity. its only when i learnt how to identify when im going from being objective to subjective and adding on because of greed, that i became more efficient with how i trade.

i guess its part of the process and is a necessary mistake to learn, to be more calculated in the approach.
  • #56,639
  • Dec 7, 2016 3:41am Dec 7, 2016 3:41am
Hi Alex

The two friends I have shown this thing to are older than me but I guess it is how life experience has shaped our beliefs and our patients/tolerance for things, most people try to live at 100 miles per hour but for some they are taught this is not always possible, being ill and having to through what you have to in order to try to recover or at least try to get on with things is one thing I believe teaches us we must be patient/tolerant at times by having to let things play out before making the next move.

Looking back at my own fx journey the thing that was most unhelpful was the claims of many hundreds or thousands of % returns and all the people shouting about it, and the claims of making easy money by people shouting about their success of it, I did somehow think I was always doing some wrong or missing out on something if they could do this, it is not until further down the learning curve I started to understand most of these people where either rubbing the own ego or had other motives, sure you get the odd few that have a lucky run for a while but it took me a while to understand this and stop letting it affect me, this is why I do not put down how many pips I made/lost on each trade in my journal, I do not want to help that type of negative effect on people starting out, it is hard work and risk to get and hold onto the pips we capture, as you say keeping the mind stable enough to trade is a battle in itself.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #56,640
  • Dec 7, 2016 3:47am Dec 7, 2016 3:47am
Hi CookieMonsta

what has helped me to understand myself and part of how i work and react to things was looking at how our minds work chemically, i found once you can understand a little of this there are things you can do to help with some control and recognition of when these natural reactions are about to take over/happen, i was surprised by how much we do things without 'thinking' first.

regards

Phil.
-be careful about what you allow to be put in your mind-
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