changing trading styles — lusan, I hope your transition to being a full time trader goes smoothly, good luck with your new lifestyle! I will be trading more as well, as I am not teaching summer school this year and I hope the markets are not ...

Lusan's trade Journal

Big Picture — I donated what I could through unicef, as a teacher I have a soft spot for children.........thanks for a reminder to keep life in perspective Eric

Technical Analysis Fallacy

keep it simple and consistent — lusan, I have been with fti's thread from the beginning, as well as following this trade journal. What I liked best about your trading: simple, follow pa would work in a wide variety of market conditions ...

Lusan's trade Journal

Trading story for David — David, here is a trading story that reminds me of the G/U and my former broker (and the North Dakotan who captured all the pigs): Coyote and Wasichu (Brule Sioux) There was a white man who was such a sharp trader that ...

Technical Analysis Fallacy

asian session trading luSan style — luSan, thank you for sharing your trading thoughts and for the recommendation of the Book of 5 Rings. I have been attempting to trade FTI style during the Asian session, mainly trading for a few hours around ...

Technical Analysis Fallacy

thank you — FTI, thank you for your efforts, we are all on different paths to becoming better traders....one dance at a time! The heights by great men reached & kept were not attained by sudden flight, but they, while their companions slept, ...

Technical Analysis Fallacy

Very well said, loosing sucks, it's better to rescue, it feels much better than losing. Why you think this territory looks like a trap? I feel it does, but can't explain why. Alex[/quote] Alex, pre-FTI days I have been beat up by that pattern....it ...

Technical Analysis Fallacy

why rescue? — stewrigh, luSan, Jairo, loonyew and others.....the rescue process seems to be better for me for these reasons: -losing sucks -turning a loser into breakeven or a winner is great for confidence/moral for troops, commanders and ...

Technical Analysis Fallacy

[quote=sitoca;1846306]Hi Fti, I ask because I have a hard time coming up with a plan to learn how to feel the market movement. Looking at your reply, I guess the only way to learn is via trial and error, learn from the experience to dance with the ...

Technical Analysis Fallacy

good night — Leigh, I am no mathmatician, but your logic comes through very clear on your rescue example. I just closed my quick usd/jpy short as I made enough money to pay for the cold beer I just finished (just one!). Good luck on the trades ...

Technical Analysis Fallacy

nice work — A nice bit of dancing indeed, my favorite parts were: 1)trading with the daily trend 2)showing patience after the first big candle broke your trendline and waiting for better entry 3)not getting out of the trade early as it could ...

Technical Analysis Fallacy

thanks northpro — Northpro, thanks for your efforts and posting of charts, I do not trade the Eur/jpy, so I am just looking at the 5 minute chart and noticed the right triangle. I would be looking to trade this long in the very short ...

Technical Analysis Fallacy

Lesson 2 cont'd — Overall it was a rough week last week, but so far yesterday and today seem more predictable. Good luck trading to all, I am going to try and ride more, rescue less and stay in the battle! Eric

Technical Analysis Fallacy

table did not post correctly — I put the general vs. commander post in a table, but it did not show up correctly.......so the first item is what I thought the role of a general is and the second is the corresponding duty of a commander. I ...

Technical Analysis Fallacy

General vs. Commander — General vs. Commander Technical skills/Chart reading Experience in varying terrain Study history/learn from others Learned skills in live market Waiting/planning Acting/carrying out orders Science “Art of studying ...

Technical Analysis Fallacy

Commander virtures — 9. The Commander stands for the virtues of wisdom, sincerely, benevolence, courage and strictness. Wisdom- the accumulated knowledge of trading (following price movements and acting accordingly using calculated risk) from ...

Technical Analysis Fallacy

the general — This passage stands out as the most meaningful for me in regards to the trader as general: 12. There are five dangerous faults which may affect a general: (1) Recklessness, which leads to destruction; Chasing a move after it has ...

Technical Analysis Fallacy

chapter 1 — The Moral Law causes the people to be in complete accord with their ruler, so that they will follow him regardless of their lives, undismayed by any danger. This to me means always respect price action, buy “riding trends” as FTI ...

Technical Analysis Fallacy

thanks kind sir — FTI and friends, This week I have made 6 profitable trades in a row (most ever in almost 2 years of cluttered charts and cluttered mind) using the basic principles that are in this thread. I am learning to dance by dancing, ...

Technical Analysis Fallacy