This is correct only if you trade USDUSD otherwise the currency quote must be factored in any leverage calc. For EURUSD at quote 1.3, leverge is 3*1.3=3.9 and for GBPUSD at quote 1.5 leverage is 4.5, if 62 pip stop equates 1.83% acct risk. Only for ...

Lessons Learned Thread

Good job Michael Below quote from link specially good reminder for me: "You may find that over time, your positions that makes better ROI are those that started out badly timed but in the right directional trend. Normally the good first ...

Technical Analysis Fallacy

To hear fti is doing fine would be my best X'mas present. Fana, you are one brave warrior Regards, Baifu

Technical Analysis Fallacy

Yes, should know time as well as date. Unfortunately I don't know, my guess is during European morning - 11:00 CET for the German auction last week (?) I remember seeing news flashes referencing it in my local news channel by lunch time. Rgs, Baifu

Technical Analysis Fallacy

Pasted from DowJones.com: --Friday, Nov. 25: Italian T-bill/zero-coupon bond auction. --Tuesday, Nov. 29: Italian bond auction. Final Portuguese budget vote. Euro-zone finance ministers meeting. --Wednesday, Nov. 30: European Union finance ministers ...

Technical Analysis Fallacy

Great reminders and bedroom wallpaper, I should do the same Regards

Technical Analysis Fallacy

Okay, your peace of mind is far more important, the errs who come and go are meaningless and to be expected. Rgs, Baifu

Technical Analysis Fallacy

If no comment and no clean up, the loud and the err will mislead - not just themselves but others also What they do in their own threads is their karma Rgs, Baifu

Technical Analysis Fallacy

Dear FTI, Please take comfort you are authentic and priceless for those ready to learn, practice and internalize although we might be the “silent majority”. Big thinkers why not start your own thread(s), you will find plenty big thinkers to trade ...

Technical Analysis Fallacy

There is equilibrium and opposite in all things, in Yin there is Yang, in Yang there is Yin. The defensive part of our MO is no stops and snowball to correct mistiming, to do this well we have to learn the opposites - how to take a timely loss ...

Technical Analysis Fallacy

Hi Pax, To watch PA behaviour at S&R levels is not prediction even if we know before hand where they are. Fib levels are not important to me, I have said they are self fulfilling prophecies and 1/4, 1/3, 1/2, etc are good enough gauges. However ...

Technical Analysis Fallacy

Sorry I am a bit confused what personal technique? I thought I was following fti basics the best I know how - use run leg to estimate what retrace is realistic, use the fib retrace tool to help see the scale / proportions (for example if I ...

Technical Analysis Fallacy

Hi Pax, I agree when in trouble and if the shorter time frame chart has turned we have to zoom out to larger time frame to see if we have mis-timed or on the wrong side of trend, and to assess the time window for rescue, or not. Once you decide to ...

Technical Analysis Fallacy

Hi Simpleman, FTI spent 4 years teaching the impossible and against the mainstream of the blind leading the blind, "very uphill", as he put it My post is just babbling to tell a minor story of understanding. But thank you for the kind word anyway ...

Technical Analysis Fallacy

Hi Pax, When Fti posted the Wilder’s Table he said it was the basis of his MM, and we must understand pyramid math, I never understood what he meant, until last Sunday when “diminishing base” conjure up an inverted pyramid and made me think this ...

Technical Analysis Fallacy

FTI started his MM lessons with Wilder’s Loss Table - if you lose 10% you need to gain back 11% to break even and the difference increases exponentially. For example, lose 25% gain 33%, lose 50% gain 100%. In percentage terms, gain % for BE = (100 / ...

Technical Analysis Fallacy

I think fti teaches the most important is the dance - to pulse market rythm and flow with it. MM is what secures us against defeat. AOW: To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided ...

Technical Analysis Fallacy

Hi Suma, You asked about impulse a couple of days ago, not sure you mean reading charts after the fact (hindsight) or real time. IMHO hindsight is easy, real time is difficult. FTI talked about the chart suddenly waking up (volatility increases), ...

Technical Analysis Fallacy

Just happy someone finds it helpful, further up on the same page, some new comers (not you) might find this helpful. url " --- To improve skills, cut trading position to 20 units of position. Choose a trend attempt , then trade the 20 positions ...

Technical Analysis Fallacy

Just came across this informative fti post from Jan 2008 during my re-reading, I will paste it since the thread is quiet. url "Hi Green David, Sorry to hear of your mis-adventure. If You don't mind, a few mindset problems detected. 1. Don't create ...

Technical Analysis Fallacy