Technical knowledge For Forex.

[Hanif484]

Thank you kindly for your reply, if in the example of a down move, how would the dealer make money by taking the opposite side of our trade, he would buy, and we would sell, but how would that make him short, I don't quite understand how this can maintain his book short. Is it because he matches both trades which balances each other and then he makes the spread? if so and he only makes the spread I don't see how this makes his book short, wouldn't his book be neutral? Scratching my head here, just trying to put this all together

[Asif777]

Yes, I suppose you could say they are neutral but they would be short neutral as they are holding the opposite side to you, but they have also sold you the long, really they have the two trades in opposite directions with say 1 pip in their favour due to the fact that you and me have to buy or sell away from the their price, you are just instructing the dealer what to do and they protect themselves by taking the opposite side, if you cash in at 10 or 1000 pips times it makes no difference to them as they cash both trades at the same time, only the really big players actually have direct market access like CB’s, tier 1’s ect, any trade we take cannot move the market, only the big players with direct access can do that, the dealers take our orders and they get processed though the market structure and depending on how big they get depends in which part of the structure the orders move to via your dealer up the structure.

It is not an easy thing to get your head around it took me a while to understand, the best way to think of it is if you take a trade out both ways at exactly the same price then will never lose or make money, the dealers are able to do this but with a small spread in their favour whatever your trade does they make this ‘scalp’ when you cash out. They do this millions of times so they are short on every pip down with every new entry made by us, so they are holding a net short or net long.

Maybe you are confusing dealer back to back trades with direct market access trades where the big players decide how to take the trade according to their view of the risk of the order by finding the opposite side to fill that order via stop/order hunting ect, that is in the first post I made to you.

Dealers… the term is a broadly used word to describe the ‘agent’ you use to process your order, this could be anything from your tiny broker service right up the structure to the tier 1 bankers.

this is my understanding of it anyway.

[Tanveer333]

I want to buy 1lot eurusd , you want to sell eurusd 1 lot. I dont know you (since i have no direct access to you and have no knowledge of each other) and dealer is who we go to. Your a breakout trader, im a buy limit trader, my buy limit sitting at 1.0050 your short stops sitting af 0.9950, dealer steps in, sold to me at 1.0050, and is short, now im long, then he uses your short stops to cover his long, shorts, now you short he covered im long. He net 100pips, i have my long order you got your short order. Stop hunting, and market making.

So he provided a bid ask spread, but since the orders are there already, he can just hit my orders and your orders. Only reason why this example is so wide is because 2 customers only. In reality its many people hitting them, so they are always moving in and out of orders and also to compete with other mm they have to make it competitively priced. And also, in reality, things are not so simple, this is a simplified version of it.

His job, is to match orders, otherwise orders will sit there until something happens. Also part of his job, is providing liquidity to markets when needed. If you see gbpusd on hourly charts, for the last few days, do you see spikes to both the upsides and down sides? Thats where the stop hunting is. And part of the mechanics is this.

His book is short when he sold to me, in anticipation that he can buy from you, when he is done buying from you, he is flat.

So in a bear market, lets say the main trend is still down, and he anticipates a down move, but day traders are covering their shorts, that makes the dealers short to buy from the day traders, and have more short orders. So sometimes other customers could also come in and he can pass some shorts to them if they are bearish too.

Also you never know whose looking the price, quote away from fhe markets, and you can be taken out.

See how the process goes from the picture?

[Hanif484]

Thank you very much for your reply please can I ask you:
“then he uses your short stop sell order to cover his long”
when you say that the dealer covers his long when he buys from me, please can you advise as to where did his long come from that he needs to cover?
I wonder how can the dealer get flat when he buys from me?
Thank you for your help sorry for my questions this is all new for me

[Asif777]

Thank you Phil for your reply I am still trying to figure it all out in my head and understand it over this weekend, appreciate your help and subbed to you and Cookiemonsta, thank you guys for your time and expertise it is much appreciated

[Tanveer333]

Because he sold to me when i wanted to buy, hence he is short, then when you want to sell, he can buy from you to close.

[lenovo]

forex main kam karna k leay app ko knowledge ka hona buhat he zarori hain phr he app forex main kam kar sakta hian , knowledge k begar tu kam karna buaht he mushkil hain os say app ko loss hona k chance buhat he zada hian

[Hanif484]

Thanks. What about economic data releases though? Would the paid services you mentioned deliver those faster, i.e. as they are released rather than 40 seconds later

[Asif777]

Don't waste your money on paid news services. There is no chance for you to beat the HFT Algos, no matter how fast you get the news. Your brain will always be an eternity slower than the Algos, which process the information within milliseconds or nanoseconds.

Either get in before the news or after.

[Tanveer333]

I do not think I agree with above thinking about it:
saying never flip unless in line with daily trend is too rigid (daily could be exhausting/reversing/in pullback) - best be aware of daily at all times and what it is doing/where it is etc - of course if trading against a higher trend, it can always come in and bite you big time but then you should be aware that you are doing that and flip back into main trend when it goes that way - what price is doing in the now is really important too - rigid is bad. Hard to set such rules, I think. Think FTI was always aware of daily action. But if you have strong impulse against you and higher time frame trends are against you, then you are for sure on the wrong bus.
I think of rescue as getting in at a better/discount price but super dangerous against higher time frame trend or even strong NOW trend.
if flipping lots: get out you are lost or mind disturbed and may get killed (protect book) unless you are like FTI and scouting(only) about for feel.
if in congestion sideways type phase (could be accumulation/distribution):
narrow congestion: stay out or maybe just a scout for feel;
if in wide range - can trade at top and at bottom if good at reading PA to run between the range or scout with trend and wait see what happens


if mindset disturbed you could lock out position so that you do not lose any more until mindset comes good
I just find if I am rigid, it goes wrong. Be interesting what others think. Thanks for posting this making me think.

[Hanif484]

I am good thanks now, just a little sore from the operation on my shoulder, should all be back to normal in about another 3-4 weeks, will be posting some trades soon hopefully, only got back to the UK late last night.

Wishing our friend FTi well wishes as well where ever he is.

Hope you are ok also.

[Asif777]

Hi pls everyone am a new trader looking forward to join you milk the market using pivote point
But I have a quetion on that
Pls in using pivote point on 4hrs time frame will i calculate for it again and again every 4hrs or ?
Pls help me

[Tanveer333]

If you're using the daily pivot, the pivot point stays the same for 24 hours, regardless of the time frame you observe it on. If you're using a weekly pivot, it stays the same for one week, also regardless of chart time frame.

Hope this helps. Good luck with your trading!

[Hanif484]

Thanks to Pips_Cruiser it looks truly simple.

Just to add to the arithmetic timewise, we might well be in different time zones having 24 hours started and ended either remotely. Even for weeks, certain charts could include Sunday afternoon (Australian and New Zealand's "outbreak"). Or, there is a single valid 24 hours count perfectly serving the method. Then, how much of precision suggests the Pivot be reliable.

As Alexandria has consistently been stressing, what that sort of rigidity might make of the Pivots?
Presumably, someone, after putting enough efforts will find a time frame and related Pivot that would work for him/ her individually.
I should look at the Pivot from this thread page 1 perspective.
Enjoy your trading!

[Asif777]

Yes rigidity is not a desirable quality as far as your read of the markets is concerned but if you discover a weakness and do not address it, that is even less desirable. I am not suggesting that you do not close your losing trades if you find yourself swimming against the tide in a strong impulse wave, I am suggesting that you do not flip your position, e.g. close a long and open a larger short, because it will be very difficult to maintain a level mindset in the event things start to go against you again. if you look back through this thread, you will find that fti himself cautioned against flipping unless in extreme circumstances.

Rigidity is undesirable as far as your market outlook is concerned but fti never said it was undesirable in other ways. For example, he recommended that you stop trading for the day if you have lost 2-3 times your normal daily profit, but perhaps you would call that too rigid? Fixed rules can prevent one from sustaining damage due to one's inherent weaknesses. if I lose 9 times out of 10 when flipping then I am happy to maintain a no flipping rule because it makes perfect sense to me and makes me more profitable. Flipping is often a form of revenge trading anyway - you would be better served to close your losing positions and reassess your market read rather than flipping your position in the heat of the moment.

These are just my thoughts anyway, they are, of course, not necessarily in line with everything that fti said but in this case I think they are actually broadly in line with what he taught in this thread.

[Tanveer333]

If we find sth is consistently bad for us then for sure change it. I just get worried about rules..... flipping in range is for sure dangerous thingy and if dizzy stop. Maybe flipping is not a good term. Maybe flipping is really turning position back with trend or rescue with trend.

I like this FTI magic:

PA was not confusing.
You was confused because you have not strategy deal with the change.
With more experience you will have more tricks in your bag deal with the confusing stuff.

Alternative , would be to allow position to bleed until you sighted PA that you can handle.
But this then can become very capital intensive.

If it breaks down and becomes unmanagable.
Just dump the potato on the road side.

But remember when you flip positions, do it only if you "experiencing" high momentum . Otherwise can get "screwed" both positions. The timing is crucial.

In fast markets, survival depends on reflex. There is little time to strategise, and if initial strategy is in trouble, then just damage control. If you stop to think you will lag behind market, very far behind.

Beware book damage by too many dead scouts. Flipping of directional trade is moderated by impulse and trend not by book. Inability to dance is dangerous to MO.

I sometime turn on positions if i detect that i am in trade against trend.
When in congestion ranges, I never turn.
If i had to turn, in ranges, already means the positions already deep dead in the waters.

Thanks for highlighting flipping... been good for me.

[Hanif484]

Hello FF friends. Been absent from the thread for a long while, as am not that active with Forex anymore. Just want to share with you the good news that Master FTI is well and is sending his best wishes to the group. I happened to meet him via social media and here's his words:

Fti (edited) For the boys at FF, I am afraid I have nothing more to contribute. I had given em all that I can. Expect they will develop and bring skills to new heights. For me I no play at the arena anymore, so I no make comments. Take good care my friend. Thanks for remembering me.
Fti (edited) By the way. Can tell the chappys I am OK. Just some vegetative, while waiting to expire. Wish them all the best for me.

Good luck and happy trading everyone. Pleased to see you continue to make the thread active. Cheers!!!

[Tanveer333]

Thanking jonyl_pips, I would like to write a message to fti, a so distant friend. Because I'm sure he will read it.


A real friend is NEVER far away. Friendship doesn't count miles.
It is a huge pleasure and an immense joy to be here reading a message from you.
I always knew that you were OK.
Now I have a second desire: I would like (with all my heart) to have you in person back here on your pages.
Come on, Sir... you have a lot to do here.

Among all the other things.... LOL
in this fascinating journey through different cultures and experiences,
you, my mentor and teacher, you taught me to love Chinese/Cantonese Music.
This one is for you, dear friend.
It's a love song... and "You gave me the address to the sky" is perfect for your Trading Teachings and Tips.

Play the song at high volume, sound is very good!
And stay well,

[Hanif484]

Thanks very much Ray. It's taken me a few days to get in sync with the rhythm of the market since going live again and there's plenty of hard work ahead I think but I am looking forward to it. Hope all is well with you, cheers.

[Asif777]

All is well my friend, life is an adventure through the different interesting check points. Thanks

Remember the ground is always ever changing, keep the MM versatile and defensive, dont chase the %, especially when you have the freedom not to.. flow with the market, and always be cautious to change for it is always the change in tempo, however subtle or sudden that kills. So, if in doubt, stay out ! Don't feel bad if it goes your way eventually, it always evens out at best...

if you are going to be on the desk all day, remember to watch that video where master huang do the 5 loosening exercises. it helps heaps... especially with the back and legs.
oh and the many poems and stories here. man, they kept me sane so many times...

Good luck and Good trading to all!

[Tanveer333]

anyone else buying the try? trade of the year if you can get good price, .. but moving fast. sell swaps 17-25/lot .. very good deal

only concern is liquidity issue, many people closing their doors.. move quick.

take care guys, trade well. god bless

edit:
be very very careful with it, if broker cant clear. you dont get $$ .. some might even kaput

ok, i cant pick it anymore, broker widen me out by too much... storing just a very small pos to pack for swaps.
im off. cya guys.

[Hanif484]

I got off to a rocky start and sustained some losses but I have since recovered them all and am now a little over 11% up. I haven't had a losing day in the last three weeks although I have found it hard to pace the market at times. I only trade GBP/USD and whether this is just a retrace or a change in trend we are seeing at the moment I don't know but it's made life interesting, albeit with limited volatility at times.

I googled Master Huang's loosening exercises as I didn't remember that video. Is this the one
https://youtu.be/p1S78x0fOJo

[Hanif484]

Hey buddy,
Nice to hear from you again. Thats good, at the end of the day, we are only as good as our last trade. August is always quiet month. If you are up 11% for August alone, you would have already out-perform many. Well done. But take it easy.
Sorry I should have elaborated more about pace.. Personally, I find it to be more of a tempo and rhythm.. a pulse of the markets, it will be nice to feel the pulse, but generally, if we are just feeling it, we would be one step behind, right? but if we pre-empting it, then we are predicting which is bad right. Ideally just for me, I think pulsing it too closely is a dangerous thing, because, for all we know, the pulse itself is a mirage. How accurate is the pulse, how objectively can we maneuver the skews when it change quickly, because unless we are pulsing the entire capital markets, pulse can be abit misleading.....
If you have time, a fun thing to do would google or youtube "pulse diagnosis for traditional Chinese medicine" it is interesting because it ties very neatly to the market and have quite a nice look at how we can position ourselves to read them... as in the fx market, it is just part of the overall market, right, sometimes we are late, some times early... more of a inter-market analysis for this, but hey, if its intra day or a mover is coming up it will surely be very very good to know about it before hand, and we can come out with strategies for differentiating market terrains. So, when it comes and hits, we just work the plan
https://youtu.be/F2zTd_YwTvo

[Asif777]

bid-offer spread dance lol.
https://youtu.be/6lAKlYTQVKY

[Tanveer333]

eo. Is this the one: https://www.youtube.com/watch?v=p1S78x0fOJo...
Hey buddy,
Nice to hear from you again. Thats good, at the end of the day, we are only as good as our last trade. August is always quiet month. If you are up 11% for August alone, you would have already out-perform many. Well done. But take it easy.
Sorry I should have elaborated more about pace.. Personally, I find it to be more of a tempo and rhythm.. a pulse of the markets, it will be nice to feel the pulse, but generally, if we are just feeling it, we would be one step behind, right? but if we pre-empting it, then we are predicting which is bad right. Ideally just for me, I think pulsing it too closely is a dangerous thing, because, for all we know, the pulse itself is a mirage. How accurate is the pulse, how objectively can we maneuver the skews when it change quickly, because unless we are pulsing the entire capital markets, pulse can be abit misleading.....
If you have time, a fun thing to do would google or youtube "pulse diagnosis for traditional Chinese medicine" it is interesting because it ties very neatly to the market and have quite a nice look at how we can position ourselves to read them... as in the fx market, it is just part of the overall market, right, sometimes we are late, some times early... more of a inter-market analysis for this, but hey, if its intra day or a mover is coming up it will surely be very very good to know about it before hand, and we can come out with strategies for differentiating market terrains. So, when it comes and hits, we just work the plan.

quite good vid
Inserted Video



bid-offer spread dance lol...
Inserted Video



Yup, that is the video. Excellent stuff mate.
Mediation is great too, and the kim's game that FTI is always on about, that is a great exercise to do as well.

Also, someone posted this awhile back, its nice
https://youtu.be/Z-ttpYe9FgU

[Hanif484]

Oh how can I forget this... lol
https://youtu.be/dXvZTy0BDa0

[Asif777]

Thanks again for your advice Ray, really appreciate it. I'll definitely have a look at pulse diagnosis later tonight, sounds interesting.

I'm glad I was on the right side when the Barnier news hit the wires earlier or it could have got quite messy for me but as it was, I got a little unexpected bonus today

[Tanveer333]

Here's some bad habits to avoid:

1. Never flip a position unless you are caught in a strong impulse wave against you and you are trading against the daily trend for some reason. At any other time, a rescue is much easier to deal with mentally than flipping (or reversing) your position is. The problem with flipping a position is that if the market starts to go against you again, you have no mental fortitude to deal with it because it is now going the way you originally thought it might and you will want to flip again....and if it's in a distribution phase rather than trending, you could end up flipping yourself to death.

2. If you make a mistake and are left with positions deep under water, don't start searching the news and analysis sites for reasons to stay in the trade.

3. If the market is going against you, don't start looking at support and resistance levels on technical analysis sites and use them to time your rescues. Use your own analysis and reading of the flow.

I'm sure you all know to avoid these habits already but I thought I'd share them in the hope they might help someone one day. I've incurred big losses in the past as a result of all three of the above habits. Fortunately, this time around, I have managed to catch myself in the act of starting to adopt them and avoided making the same mistakes again.

[Hanif484]

Yes, I'd finished trading by the time that happened unfortunately but I had a really good day anyway. I'm looking around for an economical news service because I feel like I'm trading blind at the moment. I can't afford Reuters or Bloomberg at this stage (or ever perhaps!) but I've seen a couple of more affordable options, just not sure how good they are. I don't expect to get the news before the movement but I don't want to sit there for 20 minutes wondering what's happening either

[Asif777]

twitter is a great source if you know who to follow, bloomberg has a live youtube that streams mediocre mainstream news that, if you dont have music playing, is nice background..
but i think above all, if the news is speaking of it, chances are, its already over on the charts.. just my 2 cents mate.

its ok to be in the dark, i think. for in the dark, you only see what matters

[Tanveer333]

Options for you:

1) you can get Reuters Eikon for $99 a month through metastock
2) you can get ransquawk headlines only for $50 per month
3) you can get free news analysis from forexlive.com
4) you can get better releases of economic data and a better calendar from tradingeconomics.com (better than fxfactory)
5) you can subscribe to news feeds and good traders posting about news on twitter. This is a brilliant resource

[Hanif484]

Thanks RelaxRay and EcoTrader, some great suggestions for me to investigate. I know that by the time I hear the news, the move will already be half over but I like to know why it's suddenly taken off rather than having to wait half an hour for a one liner to appear on FXStreet. More timely economic data releases would also be great because there's often a period of 10-15 seconds after a big release when the price is jumping up and down without actually going anywhere and if I knew what the data was, I could form an opinion about what I should do with any open positions I might have, before it's too late.

[Asif777]

Surprise, Surprise, HLAng has been made a commercial member now, someone must have reported the post, oh dear, this will happen to anyone who tries to post this type thing on this thread, our friend FTI was very against these sort of predators trying lure in the new and unsuspecting traders.

[Tanveer333]

I may have misread abit of what you mentioned, but the points still holds, is that in order to be able to properly utilize the taf mo, you have to be able to go into attack mode, the primary issue I have with your simulation and model is that, it does not factor in when your attacks come in.

Main issue is, as earlier in the thread, it has been mentioned, that attack is important in taf mo, being only be able to rescue helps in keeping book healthy, but to bring the bacon home, attack needs to be done.

Also other posters here like Alex have given advise that focusing on attack is key. Which is inline with the lessons here.

Perhaps you may also want to factor in ability to commit attacks and factor that into the simulation you have above.

Primary reason is because you, well you already explained above very well, the risk reward is lopsided and on top of that, your exposure is very high compared to what you are making, which implies that having prolonged exposure but without ability to commit attacks to bring profits in is rather counter productive as the exposure to book is much higher and the returns may not justify the risk as you have simulated above.

[Hanif484]

This fews days I have been intensively studying the characteristic of rescue and compare it to full position strategy, still I arrived to the same opinion that when edge is greater than 50%, full position is still the better option.

Here is the reasoning: Assume my edge is 55% and the win/loss is 1 dollar each, after 100 trade, the total gain will be 10 (100*1*0.55)-(100*1*0.45)
Now if I were to implement rescue, the rescue is 3 layer, under the sequence of 1,2,4, and the total loss from all the rescue should also be 1 ,which is the same as full position. The position size under rescue method will be 1/7= 0.1428. If the first positon or any one of the rescue work, I can make 1x position, which is 0.1428. If I rescue 3 times my win rate will increase from 55% to 1-(0.45^3)=91%

the total gain from rescue after 100 trade will be (100*0.91*0.1428)-(100*0.09*1)=3.99 which is less than when full position is implemented. This is because eventhough rescue reduce our loss by 36 (45-9) and increase our gain by 5.85 (0.41*100*0.1428) the reduced of winning from existing right position is 47.146 (55-7.854) due to smaller position size when trade is correct.

This mean if our chance for a trade to end in profit is more than 50%, rescue is a worse strategy as it reduce winning from all the correct trade even it reduce our losing rate.
Of course there is also a chance that after all rescue have been implemented (price will have to reverse after 1st entry) , price will go to our way, but since our edge is 55% under 1:1 R/R ,price will have a higher chance to be profitable as soon as first position is entered, which means when we are right, we will have smaller position. The reduced loss from rescue is not enough to justify for the loss from winning due to smaller position. We can also try to scale in if first entry is correct, but then we will have more losing rate due to positoin cost nearer to the market compare to full position.

But when edge is below 50%, rescue does have its merits as the loss we can rescue is more than the reduced winning in existing right position. However when edge is below 50%, the trader shouldn't trade as he wil lose money in the long run disregard what MM he used. This is the reason why no martingale strategy can beat casino as under 1:1 risk and reward our edge is always lower than 50%.

In the end, rescue or no rescue really doesn't matter as it depends on the edge of the trader, the win rate under the same risk and reward.
When we trade we always trade with the trend, be it fading or following trend move, as this is the only thing that can make our edge above 50%, if trend turns out to be a range, it really doesn't matter whether we rescue or not, as price is equally likely to go both side, and it is impossible to make money without edge, be it full position or rescie.

So all this lead me to the most important key, that is to find the extra % edge that make our trade ends up more in profit than loss state. which unfortunately cant be craft our from MM.

Just wondering ,when you have implemented rescue, do you hold the rescue overnight or cut the rescue? or do you force rescue even when there is no escape opportunity. The reason is because FTI always mentioned reducing the position to prevenet overnight risk. However, if we open our trade based on immediate trend and are forced to rescue, sometimes, even immediate trend is up, that particular day might be downtrend, which doesn't allow escape oppotunity, and then the trend will resume the next day, if we are forced to cut the rescue, we essentially got caught by the market.

Full position might be disadvantaged when price go against us, but it also train us to time our entry, we can still hold or cut depends on how the price evolve.

[Asif777]

Btw, if anyone is reading these posts, above, what's the catch?

Go read fti's post on the loss recovery table, that's where the real catch is.

And this is part of the missing pieces not inside the simulation of golden finger.

Let's say, you put 10% risk on 1 trade ( it is so large to show the acceleration in the risk of ruin).

Effectively when you lose the 10%, you are down to 90% capital. If you still put 10% of original risk pegged to the original capital amount, now with respect to your current capital, you are actually 11% risk level. So this is part of the missing piece. How tolerable to runs of losses is your mo.

So your risk has increased but your actual dollar value risk is not increased.

That is the reason why going on attacks increase your book's risk of ruin's tolerance. Essentially, trading up foreign cap to be able to withstand damage.

That's also why fti's comment on a skew by 1 of the poster using 1 3 2, allows for abandoning scout if not in favour, as 1 3 is a front weighted attack, suitable for fast hit and run, and no rescue on scout. While a fibo skew allows for balanced attack and rescue scenarios.

1 more missing piece is volatility. The understanding of how markets swing and change it's volatility from leg to leg.

[Tanveer333]

Yes, I agree that attack is important as with an edge, that is what make the trader profitable. I do not scale in my trade for a single setup, this is because the full position has essentially embeded my attack.

As I use daily as the time window benchmark for my trade, that means I do not scale in my intraday trade, but if next day new opportunity emerge and previous day trade are still open, I will open a new trade in full position.

The reason is because if rescue reduce our losing rate, scale in will also reduce the win rate, it is unavoidable. Using an exaggerated example to illustrate, if win rate is 80% under full position, when I scale in (using smaller position size) 3 times, when those position did not hit tp target for the setup, I will have smaller profit or even losses due to high ave cost compared to full position entry, if those position hit tp target, it wil return smaller profit compared to full position.

Being able to rescue just come with this trade off, it is impossible to try to mitigate it. If someone is able to use full position on 80% winning trade and rescue (smaller first position) on 20% losing trade, then it would be ideal, however, we really can't tell whether a setup fall in which group, so adopting a full position approach indicate I assume my trade is in the 80% group with the edge, and the 20% losing trade have been eliminated through selective setup screening, if you use rescue, then you are expecting that if the price reverse after your entry, you can add in more position to have smaller losses, but come at a price of smaller profit when it is right.

Besides if lose rate is 20% (0.20) with 3 layer rescue, lose rate will drop to 0.008. with 3 scale in position, the chance that 3 of the positions are profitable is 0.8^3=0.512, this mean the reduction in losing rate by rescue is smaller than the decrease in winning rate from scale in.
At the end, the most important is to know our edge, the chance that price hit tp before it hit our sl so trade selection is really important.
So knowing when not to trade is also as equally as important, do you trade everyday or whenever your time allowed? this question is open to anyone, would like to hear you guys opinion.

Regarding my previous reply about cutting rescue is essentially gettting caught by market, I did not mean cutting because of pain threshold is getting caught my market. What I really mean is if we are purely intraday trader that cut position at day end even rescue is still far from our bite loss point we might get caught. This is because when we trade intraday, we also have immediate trend in mind, but even in a up/down immediate trend, that particular day might only have one way movement, so if it reverse and we keep rescuing, we might not have escape opportinity before we cut at day end. If immediate trend is correct, we might be able to escape our rescue if we wait till the next day, instead of cutting it at day end.

And for the loss recovery, yes I am aware of that, so when profitable I will trade 5%, and if having loss I do not trade 5% of the smaller equity, I still trade the same monetary amount, this is assuming the edge work, and 20 hand is enough for me to go through temporary losses before profit kick in.

As a side discussion, because I also monitor stock market when I trade. IMO i think stock index is way easier to trade than currency market. what do you guys think?

[Hanif484]

your maths is correct, but that is assuming your win rate can be tilted 50% and above, so, this implies your feel the trend ability must be really strong, otherwise sometimes you really can spend alot of time breaking even. so your right in saying your timing has to be good, no matter what, to push it pass 50%. so i will leave this to you to decide, what is the best mo for you personally. but my suggestion is, if you are not keen on rescue, you might want to look into fibo attack skew of 0.6 0.6 0.6, as this pyramiding will allow you to have a positive risk reward ratio of more than 1:1 when on wind and lose only 1 when taken out, but the key is once you put in 1 level of attack attempt to make your attacks short, once price seem to go against you, if it hits BE and momentum isn't there taking out at break even is prudent.

so you will have to examine your assumptions, as the maths simply models and evaluates what you have to be able to produce, but if you are unable to hit such target consistently, some i can tell you, the markets will keep testing you on your ability to adapt to its changes, that is where you will begin to see your edge erode.

reason is because with only the attack MO, you can decorrelate your accuracy rate from your risk reward ratio, in that you can manufacture strong risk reward ratio while maintaining your accuracy rate perhaps at the specified 55% rate.

as for rescue, if its against trend on hourly i may not rescue it but simply cut losses if within tolerable amount, if i have to carry i may implement lock to lock in losses then dance again the next day. but if hit by sudden volatility against me, i would rotate or lock exposure till market shows signs for rescue, mainly to attempt to decorrelate exposure from market's movements, till favourable to reinstate. also suppose i have up to level 3 rescue to save myself, level 3 is last level. so once level 2 is reached, i need to decide if level 3 is needed, otherwise i may implement something like, now price looks like its turning, i put level 3 in to rescue level 2, and taken it out, now i am left with scout and level 1, so it exposure and book sigma is being reduced, but entire exposure can't be rescued 1 shot.

also, 1 more thing which i realized, is that, recognising when a position should not be rescued is the key.

let me give you an example, if you can keep dancing within scout, level 1 and 2 rescue, never hitting level 3 rescue alot, while your attacks can hit level 3 most of the time successfully, that is when you can maximize the mo here, adapt to volatility, produce a good risk reward ratio, and a good accuracy rate.

thats the skill aspect in dancing the markets with the mm here, which is the main difference in purely using martingale as a system vs directing the troops with discretion. the skill aspect in dancing is really the only thing keeping you book alive, but mm and dancing are 2 complementary thing, but to use the mm here, dancing well is a must, then how you dance will help to dictate your mm. for example you prefer not rescuing, then you may get into draw down, but that also means if on wind you have to compensate with attacks, to maximize opportunity. otherwise the mm may not do anything for you.

i hope i did answer the question you asked, if i got your question right. as from what i can tell, correct me if i am wrong, it is likely you are beginning to get a feel for the dance but is at the beginning stages of figuring out the most suitable way to incoporate mm into your dance, and specifically catered to the way you dance, your entry and exit and the way you pulse the markets.

if we are forced to cut the rescue, we essentially got caught by the market.

as for this, not entirely, suppose you have deployed scout, and you are forced to cut, as volatility seems out of line with your book, effectively you reduced exposure, then what can happen is that you reduce exposure by taking out units, then when market swings back, enter troops more to take some back. less pips loss = less to recover. if caught out of step, main focus will have to be damage control and recovery attempts.

[Asif777]

I feel the same way. I can't believe I made my first post in the TAF Lounge in December 2008. It's taken me nearly 10 years to start trading live without any distractions and I wouldn't have a clue what I was doing if it weren't for this thread and the generosity of a man I'll never meet.

Only now have I managed to get myself into a position where I can afford to spend the next 3-6 months trading live (full-time) without any pressure to make an income to pay the bills. I tried once before, in about 2012 I think, but the need to make an income at the time led me to trade rather recklessly at the time.

I went live again yesterday and made 1.6% on the day but it was quite a struggle. I am really looking forward to sharpening my skills again and seeing what I can do now that I have no excuses or distractions. I have always found my mindset to be the biggest obstacle to overcome when trading and that remains the same today but this is a golden opportunity for me to prove my worth and I sincerely hope that I don't blow it! I believe that the advice in this thread gets you 90% of the way there as most of your fellow traders will not be babysitting trades, employing sensible money management techniques and trading naked but that last 10% is down to each and every one of us and how well we internalise what has been presented here and use it to our advantage.

Sorry, I didn't intend to make such a long post and I doubt anyone posting here these days knows who I am...I just wanted to say thanks again to Freddie and I hope that wherever he is, he is happy and safe.

[Tanveer333]

I see you are new here, you need to post this in the 'platform tech' section to get an answer and for someone to maybe help out and fix the indicator, we do not use such indicators in this thread for our trading

[Hanif484]

actually you pretty much answered your question, some positions can't be rescued by averaging if it has developed into a major term reversal.

*edit for above, trading against major term trend reversal implies additional shifts in volatility benchmark hence book's risk will have to shift larger, and if position size is fairly large right from the start, it is fairly easy to exceed the risk tolerance*

but as you mentioned, sometimes its difficult to tell. hence selection is important. that is why experience is important in pulsing the market is important.

and also fti mentioned in 1 of the post, to really be able to get the most out of the mm for rescue and attack, the pre-requisite is being able to dance the market, which is pretty much knowing when not to rescue, when can rescue and when can attack and when just deploying scout and then taking scout back and going flat, or when to cut and flip or when to stay out. but all these are sometimes difficult to tell also, as market can keep giving false signals, hence experience. but the key assumption that you have which is not in this thread, is the tp level, as dancing the markets imply following the development and adapting to what is happening now, hence, if price seems like its turning but all your positions are in profits, would you take profit? also if you are at your tp level, but market is still very impulsive and in trending in your favour and you are at max attack level, would you take it all out? or perhaps let it all ride? or perhaps take some out and let the rest ride?

as for stock index, i have no idea since i do not trade nor do i monitor that, so i have no comments on that.
but what i have observed is, the forex market has changed alot compared to 2-3 years ago, as it seems these days, the markets are alot more prone to spikes than usual, and volatility is alot more, bivariated implying the chance for a relentless strong push is stronger, if caught out of position, rescue may be harder and may need to be carried more than a day at least, and scout size has to account for the bivariated volatility otherwise its alot easier to hit the loss pain threshold faster. but usually if you catch on fast and only have scout out, cutting and flipping is usually better.

well, for me i trade intra-day and sometimes i have other positions for swing trading which is different from whats taught here.

for restricted time trading, for say if i can only trade london open till US morning, or US morning till US lunch, i use 111 and see how london opens, as these opening is where fresh orderflow hits the market (sometimes from stocks, sometimes from commodities, sometimes from bonds, sometimes from oil, sometimes from other funds and corp orders, sometimes from derivative markets) and you see start to see where the tilts of the markets may be at, or sometimes if there is say NFP, these outsized volatility periods forces the market's hand and after these numbers are out, the price action is usually offers more edge as thats when large parties may be required to come in to adjust their position, and may generate momentum from their orderflow, and because of that, the momentum can be large and hence if able to time well, these can offer nice profits fast.

commodities, stocks and bonds are assets, and forex is inbetween them, flowing as big players are trading. sometimes when foreign investment funds with large investments need to liquidate and exchange back to their home currency, they can generate strong momentum which may be counter to the current trend, but its what they have to do. implication is that, sometimes when stock markets and futures or options market open, and a massive orderflow on that side happens or a huge move happens and flushes some big guys out, and they need to exchange to their home currencies, it can drift into the forex markets too. so the opening for futures as well as stocks are fairly important, and so is it for bonds, as interest rates, bonds and currency exchanges are strongly tied by interest rate relationships, arb traders doing forward spot arb may spot the opportunity and arb till there is non on the exchanges, and that would force exchange rates to go back inline with expectations.

for example, gdp for gbpusd just now, after the gdp numbers are out, it was a good short opportunity, because yesterday's daily was strongly downwards. and the gdp itself has a momentum move down, implying the tilt was short, and it showed that the upthrust before the gdp numbers were a stop hunt, and was a hourly pullback, these can be seen after the fact, but the trading opportunity was there, since it can be caught near the start.

[Asif777]

Clearly the post has not been removed showing it was intentional to post it here in some sort of effort to try to attract some people to their direction for whatever personal agenda the poster may have, reading the recent posts of this person shows that many people think this poster is a scammer (amongst other things), this poster then calls THEM trolls etc then bans them from his thread and still he has the cheek to post this completely self-promotional and unrelated post in this thread …. LOL ‘you reap what you sow’

[Tanveer333]

Indeed, it's clear.
Regarding the pictures, there's, e.g., The Black Square and The Ninth Wave. Both are famous and of value, I personally like the latter more. It doesn't matter what those FF craftsmen are able to paint here, we may just turn to page 2900. Or are they able to explain to anyone why The Black Square is more expensive than The Ninth Wave?

[Hanif484]

I have put a lot of effort into explaining it all
https://youtu.be/86lvaUx3bss

[Asif777]

Guys, my problem is my scout goes in and becomes positive. However, I'm always too late for the trend with my main troops or get caught in a ranging market. How do you avoid that?

[Tanveer333]

Seals & Crofts - We May Never Pass This Way Again
https://youtu.be/Vd6zYQPCgsc

[Hanif484]

remembering Fredde... how's it going my friend
https://youtu.be/bv_cEeDlop0

[Asif777]

193/5000
I think Ichimoku is a very powerful system for Forex trading and analysis
We must understand Ichimoku and use all its components.

In your opinion, will the specified level be touched in the image below?
We wait.
GBP/CAD

[Hanif484]

I've been thinking about fti lately. Decided to drop by and dedicate this song to him.
https://youtu.be/3FvQB8FNKME

[Asif777]

I read carefully first 120 pages of thread and have some succes on demo, now I go to cent accaunt. Thanks all esp Exhav(he help me in russian, cause I have bad english), Cookie, alex and offcourse fti. Cookie advise me:
Do 1.6 rescue and 0.6 attack skews. But the attack sequences 0.3 0.18 0.11 its not that fti 112358. I think scout need to be the lesser one of attack sequences. I understand that no rules set in the stone and etc. Thank for thoughts and advise!

[Tanveer333]

Thank you for your appreciation. As I've just PMed you, there likely to be many different factors affecting the skew and sequences. If you have reached success on Demo, could it be comfortable trying the same on Cent - Live? Maybe start with sizes as safe as possible and increase them gradually when appropriately enough skilled and confident.

Have all luck and success trading Live.

[Hanif484]

I have one question, if a trader edge in getting a trade right is <50%, or no edge, is there a point to rescue, will rescue save him from being a losing trader to a profitable trader ?

Looking from a different view, if a trader really have an edge, lets say about 55-60%, is there a point to implement rescue instead of taking loss on those losing trade knowing in the long run, he will still be profitable. Rescue might increase win rate, but it also reduce the winning on winning trade, so the net effect is the same.

The reason being I always want to incorporate rescue into my trading style, knowing it might be able to enhance the profitability, or else fti wont use rescue strategy, but I find it quite meaningless, as the edge remain the same with rescue or no rescue, a trader with no edge still lose, a trader with edge don't have to rescue, win rate just doesn't matter.

If rescue wont change the edge, why adopt rescue if it comes with several problem such as
1)where to rescue, when to tp in rescue trade, how much is the cost of trading (could be high if we tp for just several pips away from ave position cost)
2)if edge is more than 50%, this means price always go to our direction, we will have to chase the price, which give (higher position cost) lower profit than a full position at the beginning of price movement.

All this make me think full position with 1:1 RR and reasonable sl for current volatility is a much easier option compare to rescue? so why should we rescue?

[waso691]

trading main technical knowledge forex market ka trader ko ho trader daily market kay jo tools hain in ko study kray trader ko trading main khas kr beginner jb ho trading main market ko achi trah say technical analysis krna smjhy trader ko trading market kay future price movement ki information early collect krna chahey takah trader ko trading market main right trading kr kay profit earn ho jaye.

[ntn]

Forex mien hamain bhut see tarah k knowledge hasil kerny hoty hien in mien jo sab say best knowledge hai wo hai technical knowledge hamain forex mien aa ker es k bary mien research kerna hota hai jab bee hum es mien aa ker technical knwledge hasil ker lety hien to hum es qabil ho jaty hien k hum es mien behtreen earning bee ker sakty hien es lye hamain forex mien aik bhut he acha trader ban ker kam kerna hota hai.

[Hanif484]

Hi,

You can't compare single entry mo with averaging mo like this, in that, the position cost average would have adjusted your probability higher.

Also the main idea of position averaging mo is to try to average yourself closer to the start of the swing leg with the major trend intact, and not to rescue against trend.

The missing piece you need to figure this out is this, volatility and timing of entries affects your risk reward ratio and accuracy rate.

Being able to rescue helps you to increase risk reward ratio in a changing volatility environment, example, market shifting from trend to range bound. Suppose you buy near a pullback, but price develops into a range, of volatility range of 50pips, you bought at 35pips. It's a 1 to 3ish risk reward, if you Reaver age once, at say 10 pips, your risk reward becomes 1 to 1 with respect to the trading range, now, there are 3 cases, price breaks out downwards against you, suppose you cut losses, and you lose 2x 25pips approx, if price ranges, you profit, 2x 25pips approx, and if price breaks upwards in your favour, you get alot more, and in such a case, with 1 level of Reaver age you can handle a shifting terrain and risk reward ratio and notice this, you are adjusting your risk reward ratio on the fly.

Ok now let's say, you do attack only, your risk reward ratio is alot higher, your accuracy rate is dependent on your ability to spot good opportunities. This is what Richard Dennis and gann is using to stretch their edge. The pyramiding function.

Next, is mm skew, if you do a 1 1 1 mm, say first scout then 2nd is either attack or rescue, then 3rd is purely attack, (very rigid way to do this) but for illustration, your risk profile and risk reward ratio is kept inline to a certain extend for a defined volatility range.

So this was the main idea behind the rescue and attack mo, otherwise when you can't readjust in a changing circumstances, you will become left to the mercy of the markets.

And also not everything should be rescued sometimes because of risk level, sometimes because of terrain, so therefore the daily limits, but the daily limits needs to be assessed by volatility.

That being said, how you deploy entries also matter as the timing of entries itself has a certain effect on risk reward ratio as well. For example, suppose you are a pullback entry guy, by buying or selling into dips or rallies, you do have certain timing advantage that increases your risk reward ratio with respect to current volatility.

However, what I have presented above you will find is very rigid, but it does illustrate certain effects of certain ideas have on money management and volatility and risk reward ratio. But for the full thing, the real lesson is still in the pages before.

1 more thing, the concept of the edge is a very illusive thing for single entry trades, mainly because it can just stop working altogether, main reason is because for expectancy there are 2 things, accuracy rate and risk reward ratio, either 1 stops working your edge is gone, ability to readjust is the only edge that works always.

For example, last time pullbacks are alot more common, especially news pullbacks, now, not so much, they just run up pop the stops and fizzle out, if you are single entry and you count only on this 1 edge, well it can still work, but I think with less human market makers around, and more hft, it's become alot harder to pull off such trades, but that also means that volatility is more bivariated, making sometimes terrain alot easier to spot?( My take)

finally, certain entries work better for certain mm skew, so that has to be taken into consideration as well.

--- Update ---

Hi,

You can't compare single entry mo with averaging mo like this, in that, the position cost average would have adjusted your probability higher.

Also the main idea of position averaging mo is to try to average yourself closer to the start of the swing leg with the major trend intact, and not to rescue against trend.

The missing piece you need to figure this out is this, volatility and timing of entries affects your risk reward ratio and accuracy rate.

Being able to rescue helps you to increase risk reward ratio in a changing volatility environment, example, market shifting from trend to range bound. Suppose you buy near a pullback, but price develops into a range, of volatility range of 50pips, you bought at 35pips. It's a 1 to 3ish risk reward, if you Reaver age once, at say 10 pips, your risk reward becomes 1 to 1 with respect to the trading range, now, there are 3 cases, price breaks out downwards against you, suppose you cut losses, and you lose 2x 25pips approx, if price ranges, you profit, 2x 25pips approx, and if price breaks upwards in your favour, you get alot more, and in such a case, with 1 level of Reaver age you can handle a shifting terrain and risk reward ratio and notice this, you are adjusting your risk reward ratio on the fly.

Ok now let's say, you do attack only, your risk reward ratio is alot higher, your accuracy rate is dependent on your ability to spot good opportunities. This is what Richard Dennis and gann is using to stretch their edge. The pyramiding function.

Next, is mm skew, if you do a 1 1 1 mm, say first scout then 2nd is either attack or rescue, then 3rd is purely attack, (very rigid way to do this) but for illustration, your risk profile and risk reward ratio is kept inline to a certain extend for a defined volatility range.

So this was the main idea behind the rescue and attack mo, otherwise when you can't readjust in a changing circumstances, you will become left to the mercy of the markets.

And also not everything should be rescued sometimes because of risk level, sometimes because of terrain, so therefore the daily limits, but the daily limits needs to be assessed by volatility.

That being said, how you deploy entries also matter as the timing of entries itself has a certain effect on risk reward ratio as well. For example, suppose you are a pullback entry guy, by buying or selling into dips or rallies, you do have certain timing advantage that increases your risk reward ratio with respect to current volatility.

However, what I have presented above you will find is very rigid, but it does illustrate certain effects of certain ideas have on money management and volatility and risk reward ratio. But for the full thing, the real lesson is still in the pages before.

1 more thing, the concept of the edge is a very illusive thing for single entry trades, mainly because it can just stop working altogether, main reason is because for expectancy there are 2 things, accuracy rate and risk reward ratio, either 1 stops working your edge is gone, ability to readjust is the only edge that works always.

For example, last time pullbacks are alot more common, especially news pullbacks, now, not so much, they just run up pop the stops and fizzle out, if you are single entry and you count only on this 1 edge, well it can still work, but I think with less human market makers around, and more hft, it's become alot harder to pull off such trades, but that also means that volatility is more bivariated, making sometimes terrain alot easier to spot?( My take)

finally, certain entries work better for certain mm skew, so that has to be taken into consideration as well.

[pti148]

Han g technical knowledge forex ke liye boht useful hai kyun ke technical knowledge hamain market ke about knowledge deta hai hamain analysis aur news se attach rehna chahiye taa ke hum achay se knowledge hasil kar lein aur acha profit hasil karen

[Hanif484]

just as an add on, that is why sometimes, when terrain is wrong, rescue is not invoked, as rescue may not be the correct strategy here, simply exiting and reviewing if on low skew may be alot better.

and partially also, with no ability to attack, doing rescue only you expose up your book to alot of risk but not enough reward to compensate, your risk reward ratio inverts on you alot, like maybe your risk reward ratio may now be 4x to 1x of reward, and you now need 80% accuracy to break even.

that being said, from experience, i tried what you mentioned before, using single entry, i eventually converged back to the mo provided by fti again, in an attempt to improve it, perhaps with minor variation in terms of sequence and skew, but nonetheless, the answer i always arrived at after independent research and attempting to improve my own single entry mo, is that i converged back to the mo here, single entry is simply not as powerful as whats provided here. it wasn't just simply a case where it was learning to do it from the lessons provided here but, more of a case of learning if i had done it in other ways i saw for myself why fti did it this way and why its more optimal, through direct experimentation on the markets.

the answer was always that, dancing the markets imply having ways to adjust to the markets which is always shifting, and some form of averaging is needed to achieve the ability to readjust, but then limits should also be enforced so that things do not get out of control that you lose the entire account, like the 3x average daily profits loss limits.

finally to answer your first question, rescue will not take a losing trader and make him a winning trader, all the time, or at least its meant to survive the most terrain, but not all. but then again, you have to ask, what kind of terrain are you rescuing in? if you are rescuing in a terrain which is either range bound or pullback but inline with major trend, then yes, but if you try to do it counter trend, then either your mm is really good or you are trading extremely small, otherwise odds are you may end up losing alot more if you tried that, because remember that fti never told us to fight the market but instead go with the flow?

so the answer really isn't rescue, but its terrain and the feel the trend aspect, its the dancing aspect.

then comes the really really niche question, when to know when you should or should not rescue? well that really depends on your experience and what your preferred mo is as well as capitalization. there is no one right answer, but more of simply experience, because terrain can shift from range mode to trend mode anytime, a decision made previously which may be right can be wrong now, because the markets changed.

also edge = expectancy = risk reward ratio * accuracy rate, but, these are what you see on paper the stats, volatility and terrain and the shifts in terrain and finally the decision making and the management and money management, all these affect the outcome which is the risk reward ratio and accuracy rate, which in turns affects the edge. so when you can re-average, rescue or attack, you can affect these variables to a certain extend and hence, that is why the mo is so powerful. then it no longer becomes a game of chance but a game of how well you can dance.

[Asif777]

May I refer and quote one of your FF posts one year ago: "Finally i manage to turn from USD1000 to USD10000 in one year time. I will create the groupchat and share the method how i trade and target 10% to 30% per month profit."

I'm rather weak at arithmetic or math since being unable to match your USD value with percentage results (highlighted in bold)

[Hanif484]

anyone who wants to 'share' their golden goose and not just share it on a thread here openly, i can not see the need to do this in a private group unless their is some other motive, if you are giving something away does it matter where you give it?

this guy has spammed other threads with this message/offer too.

those who can trade just trade, those that can not often try to sell a trading system, BEWARE of advertisements like this please.

[Asif777]

We must be thankful to Phil13 for a plain WARNING regarding HLAng on the TAF .

Since there's no feedback from HLAng to my reference of yesterday, here's to continue.

What "an old Cherokee" might as well be teaching his grandson about life:
”It is a terrible fight and it is between two wolves. One is evil–he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.”
So, how many character traits of the evil wolf are veiled under alias HLAng?

These sorts will sometimes claim themselves a businessman.
(in this case: the more gullible are lured, the more prosperious they are).

[Tanveer333]

I've been trading FX for 3 years full time. However I still can't dance properly. Are you guys able to dance with high accuracy now?
Did anyone manage to achieve some degree of FTI's ability?

[Hanif484]

it takes a while, a long while, fti says about 3-5 years, for some more and for some never.

to answer your question have a look at some of the journals of people who post here, fti said he was not trying to make carbon copies, everyone does it a little differently but uses the core basics of what is here.

[Tanveer333]

Feeling the trend helps to dictate your dance, then strategy and mm will help enhance everything. The core will still be feeling the trend.

Ability to properly respond to extemporaneous situations is key and core to that is the ability to pulse market to properly understand the situation.

Hip lop formations are key to pulsing the markets, these areas indicate orderflow once hit these zones enough to be significant to move market the other way, hence perhaps it's done by someone big enough to move markets?

Pull the 5mins chart out, as price unfolds, ask yourself, buyers or sellers stronger? Don't be bogged down by patterns and the like except, the impression price makes on you.does it feel like someone holding price down? Does price feels defended by someone ? What's their motive? Are we near stop zone? Or are we hunting stops? And in effect we are topping or bottoming? Or maybe we trending and now is pullback? Is price transforming from bullish to bearish? How strong are buyers or sellers? Any levels they still defending now? Or maybe both sides are strong and price is coiling? Or mm assassinating stops on both sides?

Then next is strategy and mm, am I still in line with major term trend? If yes, where is good for rescue? Do I really want that much volume? Are we near news and I can't afford this kind of volume exposed? Or should I rotate pair sensitivity or just plain close it out then reinstate later?

However, the ultimate skill is when price doesn't not act in line with your expectation, that is when you learn to keep the profits you make.(extemporaneous response)

And all these are learnt by dealers under fti's mentorship in 2 to 4 years, so without his guidance it may take alot longer.

And usually you will take 5 years on average as it usually takes 5 years for market to go 1 cycle and to learn most conditions markets manifest, and train in it.

Quote from AoW,

The general who has not mastered the art of extemporaneous response may know the terrain like the back of his hand, but will not be able to effectively use it to his advantage.

[Hanif484]

Hi - I suspect you are being rigid or looking for rigidity - and this all takes long time (or maybe I am slow). I spent ages being confused about FTI's thread but with the help of others here and lots of study it all starts to come together and now I wonder why I was so confused.

I would start by making sure you know what a trend is - look at d1 waves and the candles that make them up, then move down to h1 and examine each d1 wave in h1 and look at its composition then down to m5 to relate it to h1 waves and learn the relationship between them - study past waves for a bit so your brain learns about them - learning at first requires hard objective rules - on this you can build more mental maps with experience. Look at eurusd since 3 April 2018 or so from D1 candles down to h1 and look at every thrust and pullback in h1 and then down to m5 - how could this have been traded.

I would also do some paper exercises on MM - think about why we are entering scout(s) and then men at different times - identify when attack is advisable or not and rescue is advisable or not (don't need to rescue everything - focus on attack)- and why we take out some men at different times - what do these do to our break even and book - on paper look at what happens if every loss is 10 pips and every win is 20/30/40 etc pips (ie this represents more men) play around with nos to see what happens in different nos - may give you more confidence on mm - how to cut losses but let winners run (this is mm).

I would study 1 pair only to learn how to manage 1 and its relationship to others re RoK and news - both pre and post news (look at duck hunts after news - the setup is usually bring those peeps in then hit their stops to help me go the other way).

Look at momentum - how to recognise it. Look at when momentum has no follow through too.

Look at levels on chart where there may be buyers/sellers - and different reactions at those levels - learn about what to do if a or b happens at those levels what are signs of real buying/selling or lack of. Learn the patterns that may help you identify your best course of action and how the patterns are composed eg spring/upthrust.

I would identify patterns ie models that you can work away from in your head - and look at how patterns are formed where is the momentum inside them. FTI started you off with his good example: down thrust + abc PB then def (attack) action that he explained so there is a start for pullbacks.

There is lots to learn and experience but perseverance is everything.

Also make sure you really do understand what FTI says at the start of the thread (those first couple hundred pages)

Hope this helps

Phil and Jupiter have great threads for you to check out that will help.

[Asif777]

Say for example, how do you differentiate a sweep from a trend when it is happening in real time. Entering a sweep believing it to be a trend will cause losses especially if try to rescue and trend is in opposite direction of entry. By the time recognize opposing trend too late, heavy losses.

[Tanveer333]

I would entirely agree with the above cited Phil's post. According to my own subjective observation, Fti's followers must each be doing at an individual fitting diversity range.
Being of certain life and trader's building value, in no way does this thread enable cloning of Fti. Moreover, it's unlikely to be literally considered or taken as an operator's manual.

Best regards and good fortune to Each and Everyone,

[Hanif484]

I asked this very question not so long ago.... I then changed the question to myself to: if they are buying here what should I expect to see/feel and if they are selling here what should I expect to see/feel - for example a few posts ago I posted a link to FTI chart showing sweeping manoeuvre that was repeated on eurusd last NFP (no 2 things are exact but the models are there from the past to work away from) - I posted it to let FTI know of my thanks wherever he is - so have a look and see what could be seen and felt pre and post the NFP news (you'll not really feel the actuals of course) - see if you can tell the sweeping signs/results even in arrears - by studying past (a bit) and in live we can learn to identify potential signs and the signs we might place a trade on - of course it can still all go wrong and so you need to plan what to do if this happens too - remember AOW we must lay our plans before the battle and adapt them as required. A trend is a pattern/model - corrections/pullbacks have patterns. In programming there are also anti-patterns - I think trading has these too.

When we are learning we need objective models to work from - these are rigid/concrete - but with experience comes tweaking and more models (mental maps) - newbies like all to be objective with hard rules as they lack skill from the doing - experts use abstractions (almost unconsciously) - this is the feel/skill and takes time to gain like any skill. I know this from my masters many years ago in End User Programming where I studied a bit of differences btw different types of user/expertise. Basically learning is hard and takes time and experience.

I pestered FTI on this feel stuff many times - he never really answered as he wanted me to figure it out myself. It is not easy this trading stuff but worth the effort. FTI added men based on the feel ie the strength of the push and he could feel stop sweeping - learned over many years and his head would be full of mental maps to work away from and adapt in different situations.

Maybe you also need to look at your money management. Attacking correctly is VIP. FTI told me I think too fast and need to slow down - maybe you need to do same - do not rush in. What happens if you have 1/2 losses but each win is much bigger?

[Asif777]

It has just occurred to me that FTI was correct about me - slowing down makes for better planning, feel and execution - nimble but not frantic - and follow the leader if he wants go south he will let me know. If there are buyers they will show (Phil's signs of buying) - if sellers they should show up but things always change so ... planning....sequences (Jupiter)

[Tanveer333]

Happy Thai New Year to all for tomorrow (stay dry or near some nice showers). Hope you enjoying some sun (well maybe not now be dark) - weather is miserable here you lucky things

[Hanif484]

As Jupiter pointed out on his thread yesterday it has been a year today since our dear friend FTI has posted or logged in.

Wishing him (where ever he is) and his family peace and all the best.

to our friend FTI ...... and many thanks for what he has so kindly given us and created here
https://youtu.be/AMT698ArSfQ

[Asif777]

I too fear the worst now my friend, but as our dear friend has taught me to only deal with the facts and no one with any credible links to him has come forth with any news of him, ‘not posting reason unknown’ is my view at the moment.

in his last few posts i could detect that he was not his usual self and felt that his condition had deteriorated some what.

All he ever asked of us was to help each other and when/if we get to a position that creates excess funds to help others in some way less fortunate than ourselves.

[Tanveer333]

I felt the same on his last posting but for me he is around somewhere talking to me in my head sometimes (oops). His postings in this thread are constantly enlightening me.

Indeed with kindness and respect always help others where/when possible.

[Asif777]

You don't. So do your due diligence.

You seem like a real one, fool or not, we can agree to disagree. Maybe, you left out a "L" in your nick, but hey, that is personal.
And just for indulgence, how does the question help your trading?
Actually, don't need to reply. Your answer to your previous question is enough.

[Tanveer333]

The answer to what you have wrote above would be as long as the thread is now.

Quote
‘This way I could have joined the party instead of getting sucked on the rescue, of course one could also cut rescue/ scout and join the other side, but I think this is my own weakness as when position is commited and the adverse price movement is unexplainable, I tend to fight with it.’
End Quote.

But in short I think you answered your own question/problem with the last lines you wrote and you are not recognising it enough to be able take the steps to fix this part of your trading issue, I believe everyone has trouble with this at first, I know I did, it was not until I understood how and why we work the way we do that I could start to do anything about it, the particular part of the problem you mention is called ‘cognitive dissonance’ (holding two conflicting beliefs at the same time).

AOW…
15. Hence the saying: If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.

1. Sun Tzu said: The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy.
2. To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.
3. Thus the good fighter is able to secure himself against defeat, but cannot make certain of defeating the enemy.
4. Hence the saying: One may know how to conquer without being able to do it.

[Hanif484]

Hi friends, just wanna share something and would like to hear how would you guys cope under similar circumstance.

This few months I have been intensively sharpening my trading skill, and trying different trading style for various market condition, sometimes I wondered whether ranging market (no thrust even in 5 min tf) is a good market to trade.

The most recent example from yesterday, I entered short EU, NU and long UC with their immediate term movement (3 days) and weak stock market in mind before the big move. USD apparently became weaker after US open, but there is something strange, UJ also became stronger, this indicate risk on mode as I can't see anything bad from JPY side. However, yesterday stock market also fall all day long.

This tell me it is pure currency move, and the main driver is USD rate hike, only the expectation of rate hike easing off will prop up USD, however, if thats the case, all 7k will be in sync with USD being the weakest.

And when UJ finally turned down, which coincided with USD weakness, GBP and EUR seems to fell out of sync. All this has caused me to have more confident in holding my strong usd trade and keep rescuing.

All those position are still sinking, so this has caused me to reassess whether I should trade the range and keep rescuing unexplainable move
1)the biggest drawback of rescue is that we have to babysit all our rescue as long as the whole rescue operation last, this is just impossible as we will have to sleep? leaving resuce overnight is akin to suicide as when mega move come, the book might even break.
2)If I have to rescue and leave overnight, my initial position will be so small that even all rescue sink, my book wounld't be affected much, well this is just cost ineffective given all the effort.
3)It is also not feasible to force rescue before we stop babysit when market not allow as market will pierce through our rescue and greatly increase our position size
4)ranging market is very irregular, its central point shift constantly, given that I have a hard tp (at least 20 pips) for all my position after considering cost-chance to breakeven, ranging trade could last into overnight if tp is not touched.

I also see some potential danger after yesterday trade
1)the move did not start after news, or anything important after checking reuters and the fx calender, it is less likely to be a stop hunt and can be a legit move
2)I have huge weak USD directional risk.

Some strategies I could implement in the future
1)implement butterfly strategy on long gbp and short CAD, NZD from their recent performance, if 7k in sync I am protected and gain the most when they tear, it is pretty unlikely both leg snap back.
2)do not trade range, thus no need to rescue, just enter full size when trend is detected, because the trend is out of sync, I will have to spread across different pair and preferably those pairs that show strong currencies move on the immediate term


This way I could have joined the party instead of getting sucked on the rescue, of course one could also cut rescue/ scout and join the other side, but I think this is my own weakness as when position is commited and the adverse price movement is unexplainable, I tend to fight with it.

[Asif777]

You see the market and you want some of that profit you can see.

You enter the market and soon realise that profit can also be taken from you.

You leave the market having felt you have been on a roller-coaster and lost your money when you went through the loops because you had unsecure pockets.


You enter the market on what you have studied a little, but now you see danger so you hold on for dear life and then jump off before the loops.

You do this time and time again, but there is no risk so you are not excited and just tread water without making anything/much for your time.


You enter the market, you have your money in zipped pockets, you ride through the risky loops and come out the other side intact and with some profit/new experience.

[Tanveer333]

Hi, yesterday and today are G20 meetings, so cross current will be high if something fundamental gets released, have to be extra nimble. Mistimed positions may not be good for rescue since impulse from sudden news can cause massive spikes.

[Hanif484]

I think EU action last 2 days is explainable. Not sure when you went short exactly on EU or how many men in but news: FOMC/G20/and Brexit news yesterday - notice of impending deal was out there - positive on deal also ECB put out news re QE so Newton's law comes in to play. FOMC week will likely see some games/news reports put out so caution was in my mind. You were nervous from what you say so caution should have been in yours so reduce nos and be nimble or stand aside.

My thoughts yesterday: EU price action on 3rd down day: D1 at level where price has reacted many times before: wonder what it will do this time will it find a bit of support or not after yesterday's reaction here? Will buyer's come in - how will I know this what might I expect?

H1: yup DB at that low they did not find any selling for now down there and the bulls then kicked in with momentum + uptrend - so I attacked that first pullback in H1: aided by the good news so we are long for now with caution - but plenty time for FOMC games/newsy stuff to come later...

So long we go yesterday until topping distribution went on long time so sign good down was possibly coming........ but for me could feel the bear/bull struggle in the run long anyways so not surprised of turnaround - I gave up on it after a bit. At support becoming resistance (H1) it reversed (and a fib level) - so hopefully you all ok now. The distribution was clear in my opinion and at a level where it is no surprise of possibility so you could have pinpointed its potential and waited lightening the load to reduce stress. I think being rigid was a problem here - I do it too.

Good question on what to do if we make mess: so as this long was very newsy driven I think you could have looked at where reaction could be expected and wait until trend comes into your favour - nice distribution turned up for good sign of possibilities. If you did not think you could babysit it then close it down and live to fight another day as you said risks too great for you.

So basically I think you had rigid view and did not change when price action did - and maybe you got in short too soon too much when you were cautious.

[Asif777]

Question for you guys, when I use scout and scale positions based on FTI suggest, broker charges a fixed $2 commission for each trade which makes it really expensive quickly. How much do you guys usually do for 1 trade for say EURUSD? 10000? 1000?

[Tanveer333]

I think the question is subjective... if you are trading 2$ commission per trade, does that mean you are trading 0.20 / 20,000 volume per trade? that is quite a big volume size for me to begin with. Is that your lowest available volume on your broker? Else, are you on prime brokerage? I am not sure about prime myself - sorry.

Anyway, for me personally, I am anywhere between 0.01 (1,000) to 0.1(10,000)[very very very rarely I start off with this, makes terrible loss management and very little defensive/rescue options for me at the rear..]

[Hanif484]

Just trying a long shot here, does anyone have a copy of Black Box Thinking by Matthew Syed?
If so, could you PM me about it, thanks
https://youtu.be/sGiu6_3u5OY

[Asif777]

So your broker only charges for spreads and not commission? How much is the spread on average for EURUSD and USDJPY?
Mine is 0.3 pips on avg for UJ and 0.2 to 0.3 for EU
My broker is fixed $2 for comms

Another question, how do you know that rescue is not viable and time to sink scout? Sometimes u rescue when u dont see the reverse trend developing, by the time u rescue it's too late n u r sunk.

[Tanveer333]

Maybe show us an example chart of when you felt like that (read story in thread of man on roof wanting rescuing) ........everyone will decide on rescue (and attack) based on trend, price action, self and their financial capabilities (money management).

Post a chart and tell us what you did or saw at time... you need to plan for eventualities.

Also my advice focus a lot on attack.

[Hanif484]

Is ok, water under the bridge(as what the guy used to say.). Pleasure is all mine.

If you are interested in reading the thread, the guys place the marker at the 200th page marker line. Elif, hey no matter, we all have different strokes we favour.
Have a nice day my friend.

[Asif777]

Yes... because buyers of the break bumped into a bunch of armed ducks on the other side.
In the picture attached please find an old "Macho" Trader politically uncorret representation... ROFL!

I really hope fti will like this one!

[Tanveer333]

How many metaphors and similes can be built to explain this phenomenon?

That's the Market, baby. The Market! And there's nothing you can do about it. Nothing!
Understand and flow.
Understand and just follow.
fti's most precious teaching!

Charts are all a trader needs: they operate as a window into the psychology of the players.

[Hanif484]

I would dare by trying to complement your sound analogy:
one is supposed to play guitar live and -
either he has a good ear or realizes being of tone-deaf (the sooner the better, but it also would depend on one's life objectives, pocket and ambitions size)

[Asif777]

for me E/U is currently still in its range with bottom at about 1.2335, then the figure you quoted does look like the rough area that they may find buyers on the higher time frames. here we tend to try to avoid holding out for targets and try to follow the now price action by scaling in/out all the way up/down on the lower time frames with the help of direction from the higher frames...... though there is much much more to it than that explained within this thread.

[Tanveer333]

in a post FTI said to limit our risk in any trade to 10% of net capital , while in other post he is suggesting to limit it to 3x daily profit so it is easy to catch , i wonder which one is better based on your experience this far

[Hanif484]

In my experience, 3x daily profit is much easier to manage and more efficient at cutting pain at its source.
It is likely that if a trade/s(of prudent money management) ran - 3x against, it is likely a reversal move. That being said, it also depends on the money management of entries from scout to attack/rescue lots sizing and prevailing market terrains.
For example, if a scout were to run 3x daily P&L against for say, 100 pip, then the size is definitely too huge, and in my opinion, not a prudent scout to begin with.

Pulling the plug at 10% of net cap, can open more windows to defensive rescue capabilities, but once again, what is the money management deployed prior to that? On WW table, a -10% loss is ALOT of ants work to get back, and not to mention, it also requires time and volatility of favorable market terrain.
We cannot sail, unless there is wind, and if there is no wind, what are we sailing?

Having said those, I feel there is no true way for it, but only question is what is the most prudent approach for the trade at hand, then formulate tactics to recover, or fight another day.

[Asif777]

been dancing with euro for almost 48 hours, yes, rescue made up , but , i think its too much for me lol....
its true what fti said, not every position need to be saved , i still cant decide which position it is?
i think im gonna limit my exposure like u said , easier to handle when think got mess

[Tanveer333]

It is hard at first for everyone, maybe you are using the scouts incorrectly and not listening to them enough??

Do you have a good grasp of things like dow theory and Elliot wave ect.. when the tide turns you often have enough of a return move to allow for an exit with minimal or no loss, most trades will be ‘ants work’ but now and again you will chance upon a bigger run because you are there in the market, do not let winners become losers +1pip is better than -1pip, also remember the news will override all and any analysis we may do, so try to avoid pairs with news that is near (within a few hours at least.

[Hanif484]

The most important thing is, fight the right battles, the easy to win ones, those that already show their faces and intention. Wait until they show themselves, then we move. Of course, it is always easier said then done. So trial and error, stay nimble, never rigid always. Take your time to read and internalize the thread, read and demo(or live) side by side, then ponder. Money management is a very if not most important part because at the end of the day, it is what keeps us alive(rule 1.. rule 2..) it guards our capital.
Also, money management reflects market terrain, but staying small have the best survival rate in my experience.

Like what Phil mention, technicals and fundamentals is also very important, pay attention to the chart, take your time to analyse what she is saying, slowly and calmly, ask questions, dont rush. Never have opinions of our own, just assess and analyse what the chart is saying, then send a scout if favorable. if it turns un-favorable, you can always kill the scout. but of course, what is the reason for entry and have it changed since?

[Asif777]

thanks phill ,relax
my grasp on dow and elliot , i already read enough, but to implementing it right , my percentage is only 50 percent at this time . still need more time and practice to do it better.
yes, my scout is enter at very bad moment , right in d middle of daily trend change . i guess im not waiting the market to show it intention first like relax said.
and yes , my position is so small , thats why i can survive 48 hour battle .
gonna do more work and practice mates
and gong xi fat choi for those who celebrate it.

[Tanveer333]

hi indosupre, i would say its similar, but whats offered here, if you look closer is even stronger than whats there.

also, 1 thing he got wrong, noise itself can be traded. you just need to know how to adapt to it.

because when the market is extremely noisy, and bumping everyone's stops, who do you think is making all the money? the market makers of course, then why not learn from the market makers and dance that way.

its noise because he can't understand it. but the mo here can be used to handle noise. its just noise, can't analyse anything apart from that its now chopping in a range, and the current price volatility of this range is x amount, breaking out either way may imply terrain change.

there are many things you can do when you are actively babysitting your trades, the 3 legged animal comes to mind.

noise is a price range, which the market is oscillating between and when it breaks that range, it breaks out, or stop hunts and fakes out instead. the key to trading noise is in the mm skew, and not trading too large, and being able to properly figure out how are you going to handle the breakout if it breaks out of the range. if you have 20 troopers, you really only want to go 1 1 2, and stay there, in case price breaks out and you need to cut and flip, and its small enough to recover from. all this with the caveat, which is, price needs to oscillate between a healthy range to properly make enough money to compensate your risk to trade in the range.

always be ready for how the markets might evolve into, that is the primary mo here, always stay adaptable always stay ready to handle the markets should it evolve into other kinds of terrain.

the 1%, and the 1 pair is not something i will follow, no point trying to cap your profits, just dancing well is all there is to trading well. single pair allows you to focus multiple pairs allow you many other strategies, there are no limits really, just what you feel comfortable doing.

[Hanif484]

I think you may have misunderstood or read this wrong, fti says 10% of net worth (not capital) for a death battle, believe me you do not want take these on too often, but we should be well practised in this scenario, the 3x daily is a general rule to use as a good sensible cut off point. Sometimes you will be thrown into a death battle by an unexpected market move and the other is for normal market moves that we get wrong in our timing/entry.

[Asif777]

Fantastic to see your post - I hope you had a wonderful Christmas. I remember checking in a while back and I noticed you hadn't logged in for several years and I remembered you were quite ill at one point so I was worried about you.

[Tanveer333]

Not much happening on thread.

I would like to ask question if anyone is out there.

Is there a way to determine a duck hunt from a trend breakout eg HH - or is the only way determined by what happens next??

[Hanif484]

Come on, fti... where are you?
I never knew it was possible to miss a friend so terribly.
I need you.
I want you back!
https://youtu.be/i0oVA99kIyQ

[Asif777]

Ro3k, or cross pushing relation, basically terrain. What I noticed is, in true breakouts, 3kings on USD side is in attack mode, or say EUR is trending, you will see eurusd and eurgbp trending.

Your question is as good as asking, when can rescue when can attack, answer is, when it is happening, we may not know till after it is over, but there are clues given in ro3k and terrain and cross relation tearing.

Fti once mentioned, when 3k lines up, it usually means strong push, just that we may not know how strong, and usually we know only after market shows sign of stop hunting.

But if you look at Phil's looking at currency indices, it helps to spot the tearing, so Phil's method itself is more efficient

Also speed and volatility if volatility and speed is slow helps to tell us if it is stophunts or not, e.g, market trade above 5min high, trade back into range, but did so many times, tells us perhaps real move is downwards.


Derivative of that, dealers leg into cross in 3legged animal to mitigate such scenarios, because no crystal ball, but they instead have staying power, book's floating net loss is capped low, so it is effectively not that difficult to manage such position. This was gleamed from why crosses move the way they do. Dealers are in the middle of the crosses, and hence the tearing.

[Tanveer333]

For sure if price keeps going back above to check for any demand and finds none then when demand is finally used up we would either see strong push up that has no follow through or really weak retest of highs and a lower high we should expect to see/feel very strong bear momentum and build/continue of down trend and this would be sign of stop sweeping at tops.

If we get a very sudden single spike up duck hunt against down trend then we should expect to see rubber band snap back to main trend if stop hunting at highs.

I guess a true breakout and a sweep have 2 different objectives for the big guys: the sweep at highs means I want to dump stock on to others at a nicer price for me and will keep testing the highs and dumping at or near there before I can see it really going down and a true breakout is where the big guys are probably taking profits from the run up and will reload in any pullback for another go at highs. So maybe the only way we know is from what happens next.

Will have to think about what you say re crosses as this is a really good reminder.

[Asif777]

yes, problem is, everything with a strong bar may look like a breakout till it fails, so, its really anyones guess unless you have spotted accumulation or distribution for quite sometime. or you have additional informations about what price is doing. you really only have clues telling you perhaps something might be the case, but always have plan b, c and d.

well sometimes you can caught in term trend changes, while expecting duck hunting, and that in itself can be nasty to handle, and you may not know it till price breaks that particular high or low and never looks back, by that time, exposure should be not as easy to manage, well thats why there is cut and flip i guess.

but with the way ro3k is "arranged", for a lack of a better word, it tells us terrain, so terrain should tell us probability of duck hunt or actual trend push. we are trading relative strength of each currency afterall. the key to understanding is inside the 3 legged animal. and the usage for counters is also in this understanding.

the usage of the 3legged animal was derived from understanding how brokers manage their position and how they manage their holdings to protect their actual books. you are effectively using their strategy against them.

let me give you an example, eurusd is strong up 50pips, gbpusd is strong up 50pips, how would eurgbp react? well, probably choppy right? because its USD leg which is moving and their relative value difference is 50pips each. but if instead eurusd is up 70pips and gbpusd is up 50pips, eurgbp is probably up say 20pips, because the relative value difference is 20pips, and the price action alone have many variations. in these 3 currencies, their relative movement to each other produces the pip movement on the majors and the majors then show on the cross. as cross are quoted from major prices

[Tanveer333]

will do thanks...... I am trying to fix in my mind how I should react and identify re-accumulation versus distribution etc ... and what the purpose of each activity is.......if I better understand it then I can react better I hope..........


Jupiter has been challenging me and helping me soooo much ...... it is a fascinating journey.. trend understanding is vital for book and understanding what is the purpose of each activity is helping me too.

[Hanif484]

I have not been including RoK enough in my thoughts on re accumulation versus distribution ie continue versus reversal. Yesterday was good example USDCHF reacted to CHF news pushing dollar down and eurusd long, eurusd long aided by other news that arrived as expected. Then later eurusd danced around the usd news.....

Of course in uptrend watch the lows in downtrend the highs as always.

[Asif777]

Well, what you see is the mood for yesterday, temporary news of chf came in and caused flows to come in. Probably people still found eurusd position ok, so they willing to hold and let it dance around, or is they getting out for fomc.

The video I posted on Anton kreill, well, yesterday and today you should see some big boys hand at play, either hedging or scaling out some positions to square down for fomc. Sometimes before big events like these you see price chop heavily, may be due to big boys hedging, so dealers bump stops, or they liquidating their assets and dealers need move the inventory before fomc to square down.

Sometimes they jockeying for position, aka fti mentioned, elephants fighting. You never know for sure, hence always follow flows.

Part of the fundamental driver for the week may clue us to terrain and if price action is stophunts in nature too.

Think of possibilities how price may manifest, and look out for clues.

Well, that being said, always be ready to react to flow, your reaction, is where the edge lies.

[Tanveer333]

Thanks for attempting to at least read some of the thread start before posting your question.

I think you need to take a bit more time in reading and digesting the first at least two hundred pages, what you have stated is not a summary of the thread, many people make this mistake, there is so much more here for the trader who genuinely wants to learn ‘how to trade’ and has the time and patients to go through what they find, questions here are no problem and there are people here who will attempt to answer and help with what they can.

Good luck with your journey.

[Asif777]

Martingale is the mo, but fti not teaching martingale stand alone, fti teaching discretion and how to dance with pa.

MM alone is not enough.

What I sensed in the post is a possible chance that it may be used for averaging against term trend.

[Tanveer333]

When you read the thread - note everything FTI says and really understand it - I did not do this enough and I did it a lot - study each sentence/reply/chart - I am finding (with some help from my friends here) all answers to my questions are answered here.... I am just not sure of question some times. FTI says it is simple... but it is not ...skills take much time to acquire. Also you need to find what works for you ie your own style - we can all learn to play guitar but we will play the same song quite differently.

[Hanif484]

Merry Christmas to all!
https://youtu.be/scnqePfFpa8

[Asif777]

sorry to intrude if looking for sth to improve your digestive system and health look up Vodder MLD - boosts your immune system and aids digestion and lots of other things. Cancer peeps will know of this for lymph nodes and surgical swelling. Must be Vodder.

[Tanveer333]

I have heard about distilled water, and someone in the industry suggested that it is good, but ideally for short term usage, as it is too 'clean'. Therefore, it is either for extreme cases or in therapy(ie chemo). Charcoal is more then enough if the water quality is clean enough, just run it through or let it sit. Charcoal is a wonder really. And then there is the talk bout alkaline and whatever there is.... which well, meh, to each their own. I m more interested about the cultured side of things. (BTW, you need to try kombucha. Very delicious too)

I have heard and read some books written by Dr. Bragg but it is a very long time ago, will give that a look-see. Thanks!
PS. I love his apple cider vinegar. Take with with raw garlic and honey in the morning, not very disclipine in the routine, as and when needed basis.

[Hanif484]

It's a good and so brief remark by an experienced daltatrader. The shorter the better. And an excellent laconic response by Alexandria.

For a real trader, why bother to read some pages. If read, why understand. How to understand without trying and internalizing. What for if one is already successful. It's so easy to draw conclusions by a prophet. Just glance at a Thread name and that's it, you got it. Indeed, seers make us see. Everyone and everything does have success and failures in their cycles. As a start and a finish, as a birth and a death. We know our failures and are in a survival cycle.
We are grateful for whatever contribution. Thank you for pausing at TAF. Looking forward to your further eyes openning here...

From a learner, Praying and humbly,

[Tanveer333]

Ahh.. it seems similar to http://origin-point-medicine.org/ I may be wrong. This is a TCM one which targets the central meridian. FTI did mention this too somewhere, but is not adequate for his use.
PS. I am not exactly sure with the website, the last time I visited, I remember it is covered with chinese words. This site however seems to be based in Australia/UK. So a caveat.. Previous site, all material is free. The founder, a male founded the technique to treat his wife of a illness. Or somewhere along the line.

--
Ok, update, seems affliated.
Here is the site I first visited

[Asif777]

Hello Alexandria,

Thank you for your kind and relevant reference.

For those willing to see "the light at the end of the tunnel" and learn to "tame the market".

Best regards, Exnav

[Hanif484]

First of all, I must apology for daring to challenge any opponents of Fti and TAF. Because I'm neither FTI nor a PRO level trader.

The ultimate goal for the most part of traders attending FF is to become fortunate or consistently successful in Forex. Either one is lucky talented enough, or is under very long skills building path. There have been two factors raised, namely Holy Grail (HG) or inevitable Failure (sooner or later).

As I have not literally found the HG and yet being before the ultimate and inevitable Failure, but discovered the TAF book by FTI. It was explained in plain words at the very beginning of the thread, on the first page that one need to know market structure and him/her- self and have sufficient capital in order to succeed.

A plausible truth is if you apply all three pillars, you will definitely get your HG. If one (absolute majority) is failing, it's simply due to shortage in one or all of the pillars.

For a more experienced trader, as a math example: your trade cap were USD 500 (Base), your scout position at 1/ 50 000 units, attack position at 5/ 50 000. You may never misread the market if you knew that price is simply moving/ fluctuating back and forward (North and South). 50 or 200 pages of TAF would certainly be enough to get the picture.

But I must also admit that my issue started when the Base is of calibers more, then the KnowMyOwnSelf or Ego would make wonders. Thus, position size increasing requires longer trials, or would lead to the notorious inevitable Failure.

By the above mentioned I attempted to specify my previous post to Deltatrade. The way I'm thinking is within TAF arena and implies there are (but not many) successful traders beyond it.
https://youtu.be/_m7iKHUWq8M

[Asif777]

Its FTI Birthday this Sunday.. 21st Feb.

So... Happy early Bird-Day to our handsome friend. Where ever he is, may he be dancing and be the ... naughtiest one there. lol.

[Hanif484]

Ah… my friend you are reading the order book well
https://youtu.be/zE7PKRjrid4

[Asif777]

then maybe you need to read the thread closer, and btw, technical analysis never said it did not use fundamental analysis. it only said, fundamental factors will somehow find its way 1 way or another, at some time, to be creeped into the charts.

btw fundamental analysis is not a 1 factor thing, you have to factor multiple fundamentals especially from correlated markets to properly distill the information.

also, fundamentals can already be priced in, and thats where technical analysis helps, with the timing and helping you allude to if the move is over or not.

i cringe when people say they are purely technical traders or fundamental traders. there is only information and how you use them.

if you read the market wizards, so many discrepencies there, so many people who trade technically and fundamentally to anywhere in between, all successful in their own right, all have their value, only whether the trader is good enough to recognize the value of its use or not.

[Tanveer333]

Back to your basic idea and trader's mindset: "Its the exact opposite trading fundamentally. Every trade has a fundamental reason behind a move ..."

Apart from my Terrain and Flow reading skills (technical, fundamental, +market knowledge, +mindset, +MM)

1. Failures make us stronger (with wins they build my experience and skills);
2. I'm more confident when my scouts report to me so;
3. I'm yet more confident when I know how to manage my risks and contingencies.

[Hanif484]

Well it's up to you what you want to believe, but the facts are still there. Both works, it's how you use it, that's all.

If you trade in the pits, you can even trade based on how a person's face changes colour.

Getting into the mind of technical traders, once you know where they draw the line, you can pop their minds, and cause then to capitulate?

Same for fundamental guys, buy in anticipation of them move and sell to them? Called buy on rumour sell on news. Fundamentals hold but if there are no more buyers as everyone has bought whose going to push price higher?

[Tanveer333]

The folk must have their reason to come on TAF (as we also do).

This gentleman claims himself of a substantial background. This is a copy text from one of his posts "I have first hand experience at over a dozen major investment banks and hedge funds in a professional capacity. They not only use fundamentals , they additionally apply financial models to all their trading activity. The reality is the money that moves the markets operates off the back of fundamental analysis for the most part."

I humbly liked his haughty intervention and can also see some rational data input. What is more, I did appreciate your feedback.

It's always good to keep AoW in mind

[Asif777]

Notice there nature of flows, what he indicated is fundamental flows, so he is on the fundamental side, short term traders like dealers, sense his orders and look to piggy back on it, what we see on the charts will be his buy orders, which is short term momentum.

That is the nature of flows, fundamentals from them come in as orders, technical indicate the timing of those orders hitting the markets, and we get in for the ride, as for if the market will go that far in the direction of the fundamentals, nobody knows, as it's in the future.

That's the reason why both fundamentals and technicals are information, to be used in their respective ways which each trader customized for his stay, for his style, for his risk tolerance parameters.

[Tanveer333]

I agree with your point. As well I could detect some liberty in his fundamental issue. E.g., "a level of confidence, ...off the back of fundamental analysis for the most part. "

Would we be of any absolute preference to ponder the following instance question: Who would you address (pure fundamental, technical analysis trader or a kind of trader) if you are just to close a big deal and in an urgent need to exchange some 100M number funds? Thus, there is another reference to his claim: "Every trade has a fundamental reason behind". There is a fundamental reason, so what for a retailer?

[Hanif484]

I guess what he says is only from his own position as a fundamental trader.

Ro3k requires one to be able to understand multiple view points and understand ones position in all these. E.g. if one is a dealer, someone like ecotrader asks for a quote on 100m, what would go on in his mind? Perhaps ecotrader know something, so he tries to do the volume, then see if he can gun some of the stops and get rid for a small profit then also go in line with ecotrader position direction.

That's how information spreads, from the hands of fundamental trader to a dealer, and when retail and other technically driven trader sees on charts, they also enter seeing the trend generated.

As for the above trade, they would highly likely be corp biz and hedgers, they do not really price in fundamentals, they are here to do business, that's all.

[Asif777]

On the one hand, it's easy to speak a similar language. Probably thanks to FTI. On the other hand, it's also valuable to have discussion with TAF newcomers or passerby. For me, it's fine to debate with everyone of whatever individual peculiarity, pros & cons. We might look from the prospective to egoistically consume some new data and/or train AoW approach.

I have recently expressed a couple of times regarding teaching old dogs. Whatever my original background was, some decades ago opposite to the gantleman's institutional one I was dealing with currency exchange as a cash business. That time it had been a way to either directly exchange one currency to another for daily business needs, or exchange and hold so that to profit in a week, monthes and even years later on. Looking to that "trading" now, I would call it a sort of a purely fundamental trading. No any charts, just rates and economies, and cash. The utmost difference is that I never felt any sort of pain of failure and was ever in profit. Of course, exchange spreads and commissions were applicable. The same is possible nowadays.

I know, it's not a case for your (and mine) intraday trading, nor it might look attractive for a marginal leveraged FX. We may like charts as well as to be swift and reactive.

So, we are back to our earlier concerted idea. Whatever way (MO/ MM, etc.) we trade, it's fine if in green.

[Tanveer333]

Yes as long as green, that's all that matters.

Well, the above is the market structure, so my point was, it's all just information and mo mm, it's really the traders strategic thinking which allows him to be profitable. Doesn't matter if it's fundamental or technical or both.

This also essentially prove the strong form efficient market hypothesis to be wrong too, in which there exist a time discrepancy in which information is transferred from 1 participant to the next until everyone is aware of what happened.

[Asif777]

You're correct, to the point. For humble, honest and inquiring seekers.

I would re-read and realize each concept of the below quote by FTI (Post No. 25877):
"All the things discussed in the begining of the thread you must internalise to crystalise your mindset for you carry you forward. All these sound very simple, and it is, but if mindset is wrong or disturbed , damage can be castastropic. So never risk what you cannot afford to lose in markets."

[Tanveer333]

Hi exnav, the one who stands outside and considers all players can profile all players, and hence can choose who is weaker and stronger now to follow as well as attack.thats the unique position allowed to us retail traders who do not need to follow dealers mandate to take opposite side of market and hedge fund traders who have portfolio mandates.

[Hanif484]

Good to see you again, are you still taking the kefir? How long since you started?
I would like to thank for you introducing them here, mainly to FTI, but while reading the thread I went to got myself some too and have been cultivating the grains for a good 9 months now. So thank you!

[Asif777]

Sorry guys, this is off topic.
Hi Ray,
I took it religiously for 4 yrs. Stopped since last yr. It already reset my stomach and my general health has improved tremendously. Only 1 minor disadvantage, I just couldn't loose weight, due to the richness of kifir. May be I was consuming too much. Anyway, I have now switched over to drinking home made soda, to replenish the good bacteria in the stomach. Just google it if you're interested. The method I used starts off with ginger and sugar to create the ginger bug (fermentation), then just add any fruit juice and wait 3 to 5 days to culture the good bacteria. Too long it turns into alcohol. The drink is really delicious.
By the way, I also started drinking distilled water, since 9 mths ago. It's supposed to be a slow cleanser, to get rid of all the toxin in the body. Read "Water the Shocking Truth" by Dr. Bragg. You could download the pdf version, or buy it from Amazon.
"Pure water is the best drink for a wise man" Henry Thoreau. If done right, we should live to 120yrs, long enough to reap the benefits of learning forex, which for me, a slow learner, will take many yrs to master.
To your health, wealth and happiness,

[Tanveer333]

Seems like a good opportunity to make money, bookies try to make market in things they are unfamiliar, look at the odds, low risk high return

can even catch them in black swan event like how george soros correctly predicted the decrease in interest rate, the odds is just too good

[Hanif484]

It's nice to see you again. Please just specify what that's about trading. I mean, apart from entertainment or playing how could we exploit it in FX trading. Perhaps, brains refreshing or another way to hedge... a sort of "how many legs animal" here? I'm a little confused what we are making from FTI's TAF Thread. Maybe it's coming.

Hope that you are good in predicting.

[Asif777]

Wow, 10 years passed quickly!
I can't believe this thread is still going!!

There's no way I'll be re-reading from the start but it seems there's still value/interest in the wisdom provided by Fti

I'm just about to get back into trading so I thought I'd pop in for a look and a refresher.

[Tanveer333]

For me, technical analysis means my Price Action trading knowledge! On the other hand, I also use my news trading knowledge! I seem, it’s very important to follow both kind of analysis into trading! Only technical or fundamental is not enough here!

[Hanif484]

I have often asked FTI why does he go on about the feel in the thread and not just say trade with trend and that is that. (missin my man FTI - hope ok)

Think I now understand why (thanks to Jupiter...): doh bit slow here - when we learn we have no memory maps/models to work away from - well not many and maybe some bad ones for trading.

So at start of our journey we need to be given concrete stuff eg some golden rules (prevent us killing ourselves), some guidelines and patterns, money management stuff that type of thing - this is like being given the basic steps in a rumba - but that does not mean we can dance the rumba well if at all - we need to put them into practice and refine and refine and study to get what works best for us and to gain a more nuanced understanding of market moves and build up: if then else type models.

The more we do this - working away from our rules/patterns/guidelines/if then... the more we internalise it and learn from the market - building our abstract memory models/maps which we use subconsciously as we trade. Memory maps need constant tweaking and care. We are always learning and the market evolves.

Think that is what FTI means by feel. Of course we need to get some good rules/patterns/guidelines etc from this thread and by study of the greats to work away from- keep what works and drop what is bad.

[Hanif484]

trying to understanding what master FTI teach on rule 1. preservation capital 2. look rule number 1
is
don't ever think need a time to think, what we need is adequate power to always able manuver mobilize and achieve victory, not only win one battle
https://youtu.be/aEZ-wv0GjGk

[Hanif484]

Ten years has passed, what an amazing thread. Has anyone heard from fti?


https://youtu.be/_sI_Ps7JSEk

[Asif777]

As far as I'm concerned, you are right. Only those who create the market, manipulate it and able to truly move the price, they are supposed to know.
Not the FX Industry Sharks but just a broker is able to create, manipulate and move it for some 50 - 200 pips that would differ from all the others in extreme volatility cases as, e.g., with cable last year. Then, 5 - 20 pips difference is a norm with spikes, my night hours, over week-ends, etc. I'm following the price/ spread diversity from one to another of my brokers as 15 - 30 pips. It's a part of our Market Knowledge.

As for retailers, I like this by FTI: "...every click or order you put is going to be a risk... in fact every trade I take, I already assume is a wrong decision...".

The above indicated might somehow be related to the Terrain reading point, and to continue: "My charts they don't have my stiring wheel. I have it. My charts only tell me what kinda terrains I'm navigating and what kinda retards are on the grounds".

[Tanveer333]

Thank you for your observant specification. It's my fault that I commenced with trying to actually mis-correcting an orginal text. What matters more, is your (my) trader's mindset. Otherwise, we should recognize and understand it properly. The TAF book is indeed written in a kind of English. Personally, I like it but I don't only learn the language here.

Here's the original' copy: //infact every trade i take, i already assume is a wrong decision. i leave the proving that its correct by the marketmakers... My charts they don't have stiring wheel. I have it. My charts only tells me what kinda terrains i navigating and what kinda retards are on the grounds.//

I'm sorry for not providing the original or/ and pertinent reference to it in my post.

This is another relevant instance for the trader's mindset (TAF, Post No 37673):
"In fact my friend.
everyone is wrong. i err lots too.
but we try best practises not to be too far off to the extreme wrong end (absolute rigidity)and get punished for it.
All sinned come short of the glory."

Enjoy your trading, Best regards,

[Hanif484]

Hopefully wherever FTI is, he is having fun.
https://youtu.be/BztbScinZBM

[Asif777]

Surely, when you push a trigger, you're certain that you hit the target. Otherwise, it's the FX Industry or more skilful who are always targeting you and waiting for your triggering.
Your confidence is also as I might refer to FTI: "Need balls to play stuff. no balls no tee off". "Try be like me. Incurruptible, neaver greedy and never afraid.maybe sometimes. when necessary. Normally if greddy , sure stomack upset." No text's correction applied by me

[Tanveer333]

Why not? Because the man sounds like a fool. As far as knowing your enemy goes, I think that applies to market movements en masse, I don't think it's practical or even desirable to try to get to know every single trader out there. The fact this 'trader' thinks fti is a joke is to our advantage though so I guess if you meant that you want to know what parts of the methodology he believes are a joke, you could use that information to gain an insight into how / why those parts may be effective.... but really, I think you could spend your time more profitably elsewhere.

Really I think it was more of a troll post by Cindy, and rather a cowardly one at that - insulting fti while disclaiming responsibility for the insult in the same breath. I guess it's possible there are some successful traders who waste their time trolling in forums but I kind of doubt it to be honest.

[Hanif484]

Hi guys,

I have been taking days off markets this few days and throughly review my mistake.

1)trade too large for rescue operation to carry out, but still going on to rescue
I generally aim for at least 2 % per trade, and most of the trade I entered full position, thinking my entry picking skill is good, even though my hit rate on 1:1 r/r is above 50% this method is too rigid as it left no room for manuever. I think I am a little bit overestimated myself.

2)Holding on to rescue regardless of the circumstances
After my rescue have been implemented, there are bunch of important news that week, including tension between north korea-us, fed speech, german election...
I am a fool to allow my rescue position to stay during this period which the result from those news is unpredictable and volatility can be high.
Besides many times 7k reverse against my position, I should have cut all the rescue as momentum from 7k is strong and can cause deep losses to book, before the trend die down.

3)Do not live in the market
I think I am a trader just because I open up my computer and trade, after switching off the trading console, I can totally forget about the market.
I have no idea about the general economic condition for each currency, which currency is the best to buy due to divergence in monetary policies or economic condition, what goal is the monetary policy targeting, whether it is inflation, unemployment, growth, etc, did not monitor the general trend of economic indicator like housing, inflation, gdp....

I could have caught the risk aversion trend that last for a few hours after some officer in north korea gave out some prowar speech
Because I was not monitoring any live feed, I was not able to capitalize the opportunity.


These are the 3 fatal mistakes that I made, initially I was thinking to start live once I double this demo account, well if u guys are interested to know, the account is busted now, because I did nothing since the last rescue just to see whether price will come back, this has given me an important lesson.


Ok, after reviewing all my mistakes I have revised some of my mo. After some deep thinking, I think there are 3MM that are viable I can use to tackle the market.

Cut and flip, Cut and reenter, Rescue.

I will only enter full position when trend is strong, 7k is in sync, this is to capitalize on the strong momentum, as this leave no room for rescue, if price reverse against me, I will either flip or re-enter depending on how 7k perform.

What I want to discuss with you guys today is rescue.
For not so sure or top and bottom picking trade, I will now enter a position which include 3 layer of S/R which has 2 layer of rescue.

I will only take trade set up that has at least 20 pips. which mean my overall position including rescue, will need me to make 20 pips to make 2 percent. I think this is acceptable house edge that I can forgone.

This is because of the random market theory, I only assume that I have 50% edge. Under 1:1 R/R if one randomly enter a positon he will most likely have equal win/ loss ratio, it is unlikely to have long losing or winning streak.

for 20 pips when I lose I will lose 21pips and gain 19 pips when I win after taking into account the spread, this mean I will need 52.5% to just to breakeven, and the required breakeven rate go higher if my profit target keep going down, this is something I want to stress again, and the reason why I dont use a large position to rescue just for 5-10 pips, even though the smaller tp makes it easier to rescue, but if the random market theory take hold, I will most likely lose on 50% of my trade. It means I am unable to reach the required win rate to breakeven resulted from the larger position.

sometimes, too small of a rescue is not effective to hit profit target, too large of a rescue is too expensive after taking into account the cost, while the chance of suceed is unknown.
So currently I am using 1 1 1 resuce, will use a larger rescue if condition allow, but my overall positon always require me to make 20 pips to reach my profit target, this way my leverage is contained.

what are some of you guys MO? How do u determine rescue position, arbitrary?

[Asif777]

Thank you for your explicit update. Actually, some of us, myself included, have recently stated regarding the Rescue/DD point.
I will humbly elaborate with no advice, it's simply what I'm considering since I'm doing only LIVE being in hard fighting so to upgrade.
A. Your 40% DD battle was just on Demo, therefore no pain and that's fine;
B. Your DD/Rescue/2% reflection is still on Demo and that's safe. Although, I would personally not go Live with that.
C. I've seen guys on FF displaying their successful trading 1% (Profit versus DD) and they are claiming 5 pips = 1% (P/DD). As I can see, you are about the same way but 20 pips = 2% (P/DD).
Since you have asked, I would very curtly share my nerve bloody experience. For the last year I have been constantly reducing DD from 4% down to less than 2% having my target level possibly 1% ahead. That would come when my Pain Threshold is in conformity with the figure. However, that 2% is more than 20 pips. My point is to make trading consistently profitable but DD - is a disaster stop when all the trading strategies are void. Thus my focusing is rather on the process mastering. Having expressed the above, I think that my MO would be different from yours and the guys having DD (disaster stop, loss preventing brakes) at 5 pips.

Otherwise, it has repeatedly been disclosed at the TAF thread: start with a Scout (if fails, expendable because it's of a tiny size); one may keep Scout if it's just a wrong time entry and Trend is unbroken - there still a possible second Scout to engage and go Attack; cut and flip - if the trend flow (scenario) changed to opposite and it's bearable.

If you wish more exact hints, then here you are: I might cut the Scout if price went more than 50 - 100 pips against; if I'm in battle with more than 2X Scout, I would commit to rescue but not surpassing (less than) 2%. If in Rescue, I switch to a higher time frame, to see a favorable PA at least on 1H (4H/ D1 is better). That might require a coupe of days in battle.

I believe that our friends are doing differently and never wait for those 50 - 100 pips against so to cut. But there is an individually psychological issue. How one read the terrain, sees a current flow, etc. Just imagine a sudden news spike for a couple of minutes when you are not in front of monitor: 100 pips against and 150 back in your favour. Ways to make profit and protect the book are exceptional.

And to make it more clear, I'm not an advocate of Leverage and I'm trading exclusively Live. So, my points might well be irrelevant.

[Tanveer333]

My gut feel of the problem you encountered is, terrain reading. Refine your terrain reading skill and the cut and flip, Vs rescue will come to you naturally. I recently encountered some of the mistakes you mentioned, and I guess my analysis of my mistake was, my understanding of terrain is still limited hence the mistakes

[Hanif484]

if i may draw everyone's attention to fti's following posts.....

I guess I am rushing as I am pressed for time.
You see, the series I am going thru with this forum is
the most important parts of the learning curve,
at least for dealers.- the foundational mindset.
To train dealers I normally, watch their development after classroom lesson
like we are having ,
they are then pushed into the market under my personal supervision,
I feel what they feel , I watch their reactions, I force them into mistakes to make them actually learn hands on
and then re cap their lessons, I guide them out of bad positions ,
so that they can watch how, its being done. the mindset, and all as well as to protect my book.

[Asif777]

Thank you for your thought and reminders. It's to the point.

And I still follow this of FTI (post 30027):
oh
not so difficult.
cut away dead in waters .
hang on to that which profitable, and not overstay.
Follow flow to best of ability.
if pressure unsurmountable on books,then square out and stand aside.
stay within limit risk tolerance and pain threshold.

[Tanveer333]

As far as I understand, a hedge is to reduce the risk of adverse price movements and it's not free.

Agreeing and adhering to FTI's basics, my "hedging" would be as a response to the adverse movements. Here a reference to post No 44192 (I stick to it as a pertinent caution):

"Sometimes traders can be caught in volatility even if outlook may seems right.
But trading is not about the rights and wrongs, is about survival and strategies.
Damage control and managing is paramount until you can determine what and how you will respond to the moves.
very important is that you need clear mind pace the volatility and have strategy correct situation to favourable outcome.
You have 2 basic choices from here.
If you determined that trend is in tact and situation is because of volatility exuberance then you need hold ground and strategies good rescue of the situation.
If mind feels that is better let go , square out to attain clearer mind, then one must train take the pain and cut loose to neutralise undue mind pressure.

What i do if i get scouts deep dead in waters is to ease off wait until mind gets clear before reengagement.
a couple scouts caught in hostile territory can survive if have logistics carry them.

Ability get book back into shape is the mark of trader excellence.

Bias and pain cannot be factors in your decisions forward.
If feel overwelm by bias or pain, then i suggest mark book to square so that you get true market feel again.

Considered what floating loss as loss, even if position is still in fight.
set your strategies based on what market does forward, from the equity level of book and respond as if positions are all new.

Your feelings of inability go on wind can be likely due to strong bias.
...you must time your rescue attempts from a book perspective , not again because of bias pull."

And there is a saying that I endorse, somehow reflecting the hedging: both bulls and bears are making money, pigs get slaughtered.

However, and it could be seen as contradictory, one may at times be in a classic sense position hedging if, e.g., trading a shorter time frame flow opposite to the higher one. But the above requires experience and skills of focusing and terraing reading being very agile. Plainly, I have been and benefited of the situation only thrice and that when volatility flows were changing directions in minutes.

[Hanif484]

Thanks for your answer EX and to explain, I asked bc I have been experimenting with hedging bc fundamentally I believe that we don't have a clue which way the market will go.

So if we go both ways - one pos will make profit - we just need to take the profit and wait for the other to turn.

I think the key is timing.

I also haven't found anywhere on FF where hedging is even mentioned except the millipede thread.

[zonyakhan]

G bilkul maray khayalsay say forex forum main Kam karna aor ak technical knowledge k sath Kam kia jata ha agar insan in cheezu k nagahr Kam karay to insan ko loss ho sakta ha as Lia hamay Chaya k hum as main good say Kam karay

[AlluluWalmarjaan]

technical knowledge means read news about forex daily and use any other tool like meta trader etc its very help full for beginner, its means its a small guess about what happen in future .Forex market depend on every country in which you want trade .:)

Yes dear brother you are right. Forex technical analysis boht hi important thing hai jis ki help se hm boht had tak market ko smjh sakty hain. Or ye k agr hmen forex me successful hona hai to ziada se ziada apne knowledge ko improve krna chahye. Tab hi hm is market me pesh any waly unexpected risks se b bach sakty hain. or ye k news k wqt trading ko avoid krna chahye.

[Hanif484]

Hello Friends,

Just some thoughts regarding the Forex Market nature and FF. Reminded by FTI that as soon as any FF participants post their exact and well tested consistency proving strategies/ methods, they are also well exploited by other "friendly" FF participants to trap. It's an endless game spiral. Newbies are coming here to learn from really honest successful traders (since their methods have indeed worked), and it's a matter of time when those methods become/ are developed as a new pitfall by market makers. Beast is fed by SL, then just show where is your SL and from where in your successful strategy. Of course, mostly people trust in a transparent trading method depicting exact entry and stop level (it's a prerequisite to believe). Here you are. What else may 90 - 99% be interested in FF. And yet, I may be wrong.

Therefore, AoW should stand as the only reliable strategy/ method.

Enjoy your Sunday, Friends!

Best regards, Exnav

P.S. New reliable strategy is depicted in the video below:
https://youtu.be/RfXrShg1Ry4

[Asif777]

Sometimes you can put sl to bait a price out then hit them hard.

Throw some bait out, then hook them in.

Just like hensel and grettal and the bread crumbs.

Except the target is whoever is quoting price.

To fish a fish sometimes you have to throw some bait.

[Tanveer333]

Sometimes, I see market maker not in a hurry to take my stoploss, makes me wonder if sometimes do they already know I'm wrong so they not in a hurry to pop my stops.

Sometimes the stoploss baits the move which helps us figure out the mm's intention, which is pulsing market. So depends on how they take the stops I may or may not want the price.

Mainly because they can do counter moves too, so it's down to the same basic mo here, just that additional info is gleam when you test the mm.

Once you gleam that info where you feel mm is on to you, can just skew down to lower size even though mm has not hunted your position, many ways to use that info.

Sort of like chess, you see he moving to take position advantage in 3 moves, you can intercept and play defensive if feasible in 2 moves and disrupt his plans.

Read Jesse Livermore reminiscence of a stock operator, it's all there. He figured another manipulator was putting the price up against his position, he knows the manipulator is tied up in other positions big, he can strike at the weaker points to create an exploitable hole and force his hand, then move in to rescue the current position.

And at the high levels when fti is trading for the bank, it's similar in thinking process, guess that's why fti always uses the term sparring. Every move has an counter move.

[Hanif484]

Some Market flow energy before tomorrow's FED. Contrarian - call ambulance! (FTI)
https://youtu.be/7-31hqswa9I

[Asif777]

I have seen Mr andre's other vids on the same playlist, just my gut feel, he is an investor, diff mo, he does alot of fundamentals I believe, more a macro trader/investor than a pa trader.

Tuesday usually has a more nicer flow compared to Monday where mm starts to accumulate their position, and Friday mm is looking to square down, so it may deviate from price flow of underlying fundamentals because in shorter term mm is looking to square down.

So Tuesday to Thursday so usually where the more inline with fundamentals moves come in.

I have observed this quite abit too, it's a useful observation for swing traders.

But if trading taf mo, then the Monday and Friday moves are also pretty good profits too.

Consider the trading week, on Monday mm is already squared, so in order to have orders to service customers, they have to accumulate position sizing, so sporadic moves might come in and the quote around abit to try to develop their book, then Tuesday comes in where the major term macro flow comes in mm can them service them abit more. Then all the way till Friday, mm see maybe it's better to square down in case of weekend gap risk or event risk. So there is a Monday to Friday order. But sometimes events like NFP and fomc can throw these order of event off course and generate its own variation.

[Tanveer333]

Hi all, I've been reading this thread from the beginning and it seems to focus on EU - is that the best pair to trade or are there othrs that work better - I like the UJ for instance.

[Hanif484]

I would question myself how the below video pointed awareness would be helpful when we, retailers, are reading charts and price action. Is everything fixed? Geopolicy and psychology over TA and fundamentals. Assuming that, Mr Andre Minassin is trading based on his gut feeling, TA&fundamentals in complex. Anyway all the Pro related video would be of interest.
https://youtu.be/rV_1OdpbO6o

[Asif777]

There are no best pairs in the g7 pairs, crosses have wider spreads so majors are usually cheaper.

Sometimes when a country's fundamentals are affecting it, like let's say brexit, it affects pound, then because it affects the EZ, euro is affected too from the eurgbp cross, and because gbpjpy is called the dragon, to the extend that people give it a nick name, it's pretty heavily speculated. So in this case. All are related to one another, just some more liquid than the other, so some are easier to speculate at some times than the other, then when certain situation happen, the easyness rotates again.

[Hanif484]

cool, another interesting vid too.
https://youtu.be/ERK0i8DgXxE

[Tanveer333]

This few days price action really put a good test at a trader skill, every pair relation went out of norm, when those pair teared, after one session it go back into sync, and then tear again, coupled with high volatility, very interesting. This kind of trendless high volatility really get a lot of trader killed, especially when position is big and loss is unbearable, or death by a thousand cut from this no carry through trend.

Positions are all in loss after a few stop hunt, rescue is not wide anymore as total floating loss to book size is too large (40%) , fortunately have positioned for larger timeframe trend and bought the strongest pair. Hopefully trend will kick in helping me to come out, nothing much I can do now.

Made a crucial mistake, did not pay too much attention on daily and weekly which most big boys based their decision on. Did not enter at the edge, got caught in the middle.

Now is death match, do or die!

[Hanif484]

https://youtu.be/eJSik6ejkr0Thank you. It's about the same: experience, intuition and "a lot of other factors". There is a difference with FTI however, that's Mr Andre Minassin starts to trade on Tuesday afternoon and never engages a Friday. We might discretionary do otherwise, not losing self-control or whatever we are able/ granted to control in retailer trading.

Asia has already ignited some stirring. So, another interesting End of Week ahead, enjoy it

[Asif777]

The concept is as the following table

% Loss intial capital % profit required to Recover
5----------------------5.3
10----------------------11.1
15----------------------17.6
20-----------------------25
25----------------------33.3
30----------------------42.9
35----------------------53.8
40----------------------66.7
45----------------------81.8
50----------------------100
55----------------------122
60----------------------150
65----------------------186
70-----------------------233
75------------------300
80------------------400
85------------------567
90------------------900

The % gain required to to come back to balance (break even) will increase gemetrically with your losses.
if you loss 20% of your capital. you will have to make 25% to come back to breakeven.
However if you lose 50% of your capital, you have to make 100% to come back to break even

[Tanveer333]

Never good to hear someone is in a death battle.

Maybe these few text out of AOW can give you an idea or two on salvaging some or all of that trade.

7. It is only one who is thoroughly acquainted with the evils of war that can thoroughly understand the profitable way of carrying it on.
8. The skillful soldier does not raise a second levy, neither are his supply wagons loaded more than twice.
9. Bring war material with you from home, but forage on the enemy. Thus the army will have food enough for its needs.


Trouble is I used to find is that once you hit a certain point of drawdown it can make you freeze and no longer be able to see/read or think about what is going on, unfortunately for us relying on ‘hope’ is not good for us generally, sure sometime it will pay off but it only takes once to blow the account.

Our friend fti has also suggested many options like cutting some or all and also if you can reload with some more funds helps while the loss is still manageable, no one likes going backwards but -40% to recover in the wells wilder table of loss is a massive task if you do not have any well practised counter strategies/tactics.

Here is the table (post) just in case you forgot about it or missed it

[Hanif484]

Hello TAF Friends,

Beneath you will find a video that I entirely endorse. How many times (now and then?) have we been psychologically human being wise trapped by market. The way is that we learn (must be always aware and stop repeating) from our own mistakes, then individual experience equipped by the AoW, discipline and self-control are of help.

On Friday I again fed the market with a SL (in BE+), missed a pre-planned entry opportunity at least twice but was finally satisfied with my diet filled. Back on Thursday I did a sort of revenge trading (entry on my intuition and experience) because felt not being in preplanned daily profit - that trade was later squarred in small profit, although if I had left it fluctuate I would have been in a rather BIG profit. Why did I square the trade out - Leverage 1:1.5 (not 1:15) was heavy for me to leave overnight...

Conclusion: I never know whether I'm able to learn from my OWN mistakes over 9 years... But the book is safe at least a sheer stupidity is under control.

Have a nice week-end,
https://youtu.be/Pz_9VsW869Y

[Asif777]

Phil has brought some valuable points to realize. Personally, I was unable to give my feedback at once because my focus was on my own battle (do or die). Now, as it finished with a successful counter attack, I'm able to share a little as well, the way that I would not advise you on anything but how I'm actually fighting:

1. I do not engage in more than one pair at once unless formers are secured (in profit and run in green), it's due to focus properly and have sufficient resources to respond in force major;
2. Recently I got rid of the Leverage attractiveness, thus my battles never exceed 3x of my trading accounts total amount, that 3x would be at the last resolution counter attack before biting the bullet; Do or Die - would mean no more than 2% equity DD and that is well within my pain threshold.

BTW, e.g., if my equity were some 1k, I would probably sustain the 40% DD since it were within my pain threshold and that CAP would imply just training costs. Although, it's very individual (100 USD versus 1 M USD, etc.)

If trapped in DD, I would take into consideration the point 2, making my position size as lighter as possible so that to make BE+ when terrain let me do so. If there is no favorable terrain, no fortunate news driven PA and the threshold touched, I merely bite the bullet. Next day, I'm in battle again.

I think, nothing is new in above mentioned and it would be in line with FTI. Be humble and nimble!

[Tanveer333]

Hi, we had quite afew fundamental scares around these few days, like nk coming out with some statement, it's been throwing the markets around, we live in unstable times.

Watch NY morning, and do hit and runs are the best options in such terrain unless you have means to sustain position across wider changes in volatility settings.

I have been noticing ny mornings is where they all sit still and watch, like waiting for something or someone to pass and give them the green like to engage.

Anyway I feel the fundamentals are really odd now, like USD at times is no longer the driver, and eurjpy and gbpjpy may be taking the bulk of it, by nature of usdjpy relation. Also, I wonder if cnyusd should be factored in.

It always felt weird when eurgbp spread is lower than gbpusd.

[Hanif484]

I have just watched the Perfect Storm movie for the first time. And there might be something to literally plunge so to reflect the 40% DD raised by our friends GoldFinger and CookieMonsta thoughts (in his own thread) "The opening to rescue may not come till a very long time later, so if this is the case, an extended waiting time is required but meanwhile, the book is exposed to volatility. The ability of the trader to succeed at these circumstances, depends entirely on their mm and logistics." As I wrote, recently Phil well pointed out as well on possible options and consequances. So right is CookieMonsta.

Well, IMO the Perfect Storm may provide some good hints so visually exhibited. One may read a terrain, see a danger coming but proceed ahead by his overconfidence and greed. Excellent if luckily passes through, otherwise - indeed dead in waters. No terrain and disaster awareness, nor there sound timely response/ MM. Whatever DD were, no STOP (greed, hope, overconfidence), march or die. Keeping the below referred pictures in mind... Paramount to survive in markets.
https://youtu.be/b2OK80dehqU

[Asif777]

A nice melody you posted. Regarding our mindset and practising path, let me once again remind on two posts: 20371 where Gro refers to FTI ("Start your trading , very very very small and practise your skills. Make the 2 cts, 5 cts, $1, $5 and you will SLOWLY find your benchmark.You may take like 5 to 8 year to get good at it. So it is sucidal to try to emulate me, I am beyond pains.") and 40910 on Leverage (Last warning by FTI). People here may see a lot of FTI's gems but occasionally pay less or not at all attention to those matters (perhaps just skip them).

I've also found a picture on the Forex Food Chain as interesting to keep in mind, post No. 109

We all need a break sometimes and not force ourselves. If engage, then be "humble and fluid" (FTI).

All the best to you!

[Tanveer333]

the most efficient and core markets used to be the usd/dmk.
she has grown up and become the euro now.
this the reason why your core activities should be centered around the euro/usd.
then beside her you should have cable and yen, these the next layer of the core. then the swissy.
These called the majors, ie major markets.
after building the core in place you need incorporate the crosses between the 4 core majors in strategic manner so as to feel the flow of the majors.
Noticed i never mentioned usd. That because usd is the center of the wheel. Drives everything.

[Hanif484]

the Gint wevs intristed video good
luck evry thing
https://youtu.be/W9Tdw5nG4dQ

[Asif777]

Thanks everyone for their insights, yes cindy I still has my penis, although it shrink a little bit these few days tho...

just to point out one thing, the danger of rescue, if one consistently put a large rescue position that only a few pips will be enough for him to escape, it is equivalently to puttting a big one off position and aim for tight profit, sl. Albeit he can time the market, but nobody can be sure whther the rescue will work. The house edge is just too huge. For a 10pips 1:1 Risk reward, and cost of trading is 1 pips, a trader will need 55% win rate just to breakeven. A lot of trader think he has an edge, but only until he encounter choppy ranging market.

the bottom line is no matter what % of profit target one is aiming, he should let the market give it, when the market does not present such opportunity, just take whatever given, or sit outs. Force with huge leverage just to make the profit target, is the quickest way to burn the book. This I believe is what fti called trading is a ant work, even 0.5% initial position can be too high if one want to dance several pairs, and have to rescue into all of them.

the best way for me IMO is to trade sufficiently small, and rescue with medium position, most of the time yesterday high-low, has plenty of ducks, hopefully the market will grab them. This is only if market volatility is high and is ranging, if low volatility, might not even have to rescue.

If trade with longer tf, perharps the long term trend can kick in, give a trader to fight his way out.

If trend suddenly go against him, there is nothing much one can do, either bite the bullet and flip, or lock, but lock is very tricky as one might buy at the top and sell at bottom.

so the only way to survive is to trade small small, rescue small small, making small profit in ranging days and survive until the time big wave comes, and then only we surf.

[Tanveer333]

As far as I'm concerned, just assume that FTI was indeed a PRO at Tier1; there he had proper mindset, skills, access to necessary market information and CAP. What might have affected him after - while he was probing the FX retailer - mindset and lack of corporate/ market data access. For us - retailers, to survive and succeed, IMO, we may persistently try to get all the required (on ants level and depending on YOU) apart from the specific corporate data that is privelege of the Iceberg founding sharks. I may still be wrong, however.

[Hanif484]

When one must wage war in a time of peace then one must wonder at the mindset of the General.

Does he not have a family to get home to, a mistress even?

must he be so bold as to parade naked in the streets screaming whilst the people seek sleep.

does he own this world?

What scout would follow this man? Can he not see the resting time?

September is full of important events, lets hope this naked man still had a penis when his camp is raided
https://youtu.be/RQ8LkOwWfaw

[Hanif484]

Why not? Just curious to see what it's like, that's all.

Well, part of profiling players, AoW, know self know enemy.


https://youtu.be/NgDQGa55BEE

[Asif777]

Not sure that is true, it seems to me that the majority of people who gain true success in life, do it the hard way, taking their own council, perhaps particularly in the sphere of trading, finding a mentor that has no other agenda is very difficult indeed.

[Tanveer333]

so why does the market price pump and rest????

the answer (or at least part of it) may lay in this post from our friend fti...

Hi All,
ok, leighsww, here goes

About market strucuture.
You see the brokers are not all bad people out to get everyone. They provide a service of creating a replica model of the interbank mkts for the consumption of the small traders at large.
Of course their motivation to do so is profits but nevertheless they provide a service.

At the very top of the battlefield command is the Feds. The are the owners of the market. Whatever you may trade its normmally against the USD. (even the crosses.) So in perspective you will always be walking into their radar.

They have this big chief, brainspan (used to be the cigar chewing...paul )who have a whole squad of ppl crunching numbers to determine their position and whether there're things they could do to improve their position.

then down the food chain there's the Other Central banks having their radar on their respective currencies.

The hands and legs of the feds are the CB dealers, who's resposibilities are to police the market place,
making sure that its behaving itself. Its chief responsibility is to acertain that there's no riots in the market.
So long as things are peaceful, they leave everybody alone to do their thing.

then just under them is the tier ! bank dealers. These dealers are normally marketmakers to the interbank mkt, and have very large daylight limits and risk parameters to work within. They are also the eyes for the CB dealers, as most large customers go thru them to deal. So they can see who's buying or selling dlrs.If there are irregularities where by some large customers comes into the mkts to buy or sell dlrs the CB dealers are put in the know and will be on standby to see if markets may be disturbed.

Then under teir 1 banks will be tier 2 banks, and tier 3 banks, they function as the lines of distribution. If as in the eg above, alarge corp comes selling dlr and the CB dealers do not intervene, then the tier ! banks will start selling the dollar down to tier 2 banks in smaller packages, and tier two banks will like wise start selling to tier 3 banks in smaller packages. In 20 to 30 mins that process who fizz out and most dealers would be short of dollars. to a certain extent.

Please be aware that I am talking of a one off scenerio, where there is only one customer in the whole wide world.

watch it the mkts moving

[Asif777]

As always, thank you for this good reminder.
Realizing the point, I ponder that these 4 to 7 5min bars might make up to 10 - 12 bars - replicating the one interbank deal on our charts. On the other hand, at the same time or in between there might be another big interbank player and that might either change the replicated picture. Occasionally we may see/ identify one or two such deals per session. Just my reflection of the time when I was reading that FTI post.

Yesterday's EUR/USD move was awesome to exploit.

[Tanveer333]

Hi my friend I love your questions - we could do with discussing patterns/price action and attacks. So maybe I will post some charts to aid discussion. Not this week though as I am going in for final (I hope) operation on Thursday. So be great if we can discuss some charts.

[Hanif484]

Thank you. I think it would be beneficial for everyone - about trading and traders thinking and acting. I know that there are guys here in the need of such knowledge but some of them are a bit shy to ask in public. I'm not good in drawing pictures (another rigidity) but will try to do my best so to keep the discussion productive. Let's evolve!

Unfortunately, I have already filled my diet for today with a kind GBP/USD and will not engage due to other commitments oudoor. I will miss the lovely trading...

Wish you all the best for Thursday!

[Asif777]

no problem my friend.

here is an example of a tear happening now.... it could mutate to become the leader of a USD move with the other pairs/kingdoms or continue as GBP move??

e/u and u/j are sideways while G/U tears away.

[Tanveer333]

Where do you think the flows are at? Who are the flow? Surely the ducks are some sizable flow.

You already observe how the algo keep popping stops and then yanking price back, how to hit then? Where price break, and lack follow through, scale abit of rescue in. Basically what you seeing is price alternate between extreme range and extreme trend.

But even that is no guarantee of rescue.

[Hanif484]

From my observation, nowadays price action is very much different than it used to be, In jessi livermore era, I think the price action at that time will provide a lot more opportunity for trend follower, nowadays the market has become so efficient that most of the time large move happen in such a short period of time (below 1 m or at most a few minutes), which give little opportunity for us to ride.

The rest of the time price action just ding dong in between, break here break there but no follow thru, so if a trader employ much cut and flip, he will has constant losses, especially when one has small sl, the notion of cut loss short and let profit run, is very difficult in such circumstances, hold a profitable trade long enough and the paper profit will evaporate. yesterday and today until this time is the perfect example, just no movement and low volatility, any considerable movement happen so quickly the moment u realized and follow, it reverse against u.

this kind of pa really leave us no choice but to rescue, and then hopefully the pa will allow a chance to escape, if when rescue forces are employed, 7k reverse against me, it basically mean I get fucked by the market, no flip and I risk breaking my book, flip and the trend might not have enough fuel.

trading is probably the most frustrating job ever, whether u like it or not, luck is really a component of sucessful trading, I will probably say it account for about 30%, this is because why most instututional traders when leaving the bank and work on their own, without all the inside info and order flow, his return, if any drop significantly.

This market is really not consistent enough to make a living on, the best bet is to buy any tangible asset like property as soon as one make the first pot of gold ,if he can last that long.

From my observation, I really need to trade in a way so when bad luck happen, my book did not break directly, I guess the sometimes big losses, is just part of the game.

Apology for the somewhat pessimistic outlook, but this is the reality.

[Asif777]

Another one, believe it's the butterfly fti is using, the more advanced version of the 3 legged animal.

Fti has many skills he probably did not put down in the 200pages. But certainly the learning does not stop pass the 200pages.

There are certainly many evidence to show what fti can do. I believe what I gleamed on the 3 legged animal is a well hidden gem not many has seen, first one to see it was auexis(?)

[Tanveer333]

Yes there are certainly plenty of ducks around daily high-low, session high low, range band, and one can certainly rescue in this area, but the problem is the changing volatility, if one book is sufficient large, it can stomach several level.
But the problem is, after several level, ranging market turn into trend, and it shows across the board, meaning all rescue get caught，if one decide to cut, it will be very painful giving in several level of rescue, not cut one might never have a chance to trade again. This is the worst that can happen IMO.

Besides, sometimes rescue opportunity just doesn't present itself yet, what will one do? surely one cannot monitor it overnight, so slamming a stop loss or cut is the only option as carry it overnight will expose to great risk.

Another point we need to keep in mind is when volatility is low, and if one need to rescue, he will have to use larger size right? There lies a very subtle danger, a larger rescue means the risk to overall book is high, so the position cannnot stay for long，this means we have to take whatever profit as soon as condition allow, but from my calculation if one tp keep getting smaller, he will need a higher win rate,any rescue operation below 10 pips is suicidal in my opinion, as this is the reason why many scalper failed, the cost to trade is just way too high.

I will try to skew down a little bit for now, my position is 1% but I dance on several pair，current market condition really provide a good test on a trader ability, as ranging market win rate is about 50-50 without rescue, rescue and one might expose the book to trend run.

Perharps I am too impatient, my bad, as time are running out and I am trying to build track record to apply in prop firm.

[Hanif484]

I agree it is quite a miserable market right now but if you consider yourself in "Training" then this is actually a very valuable situation right now if you can see it that way. I've seen the market do this for months and be the death of thousands of traders who kept trying to force their will onto it and expect it to behave in a way that fits their agenda.
https://youtu.be/1AV84Q-lq1A

[Asif777]

The session high lows are not just where the ducks are at, if you see the 5mins hip and lops, the ducks are there too, leg range is fairly small, for the ping pong moves, scalping the moves is still fairly ok if you don't want to stay long.

anyway, no idea how your mo is like, so no comments.

but yes the terrain is getting very noisy as you mentioned, thats part of the main reason i go into the 3 legged animal.

so in essence i also experienced what you mention above, thats why i went to study the 3 legged animal and will keep looking to use it, for those reason you mentioned.

if you remember the posts i wrote for you about terrain? thats why, and what you experience above is why also.

i can stop the bleed of the account near the inception of the move once i detected impulse, but if i am unsure if it is against trend, i not sure if its a cut and flip or is a re-average for rescue, so i can detect which currency doing the push and rotate it, and wait and see, also i don't have to wait for the retrace to begin to re-average, thats why, essentially, when i get the chance, i try to ease book bleeding.

its exactly like you mention above, if volatility and momentum is very strong, very easy to tell is cut and flip, but if like you mention above, low volatility but keep pushing against you, and you unclear if you should cut and flip or wait and rescue, that one is the real killer, like putting the frog in a pan of cold water and slowly upping the heat slowly and boiling it to death.

[Tanveer333]

The chart presented was a GBP/YEN chart.
The cross comprise of GBP/USD against USD/JPY.
so the movements in the respective majors have an impact on the cross.
yes?
(Majors currency pairs = USD/JPY, USDCHF, GBPUSD, EURUSD, if renminbi gets to free float probalily be a major due to its size.
Monors pairs: USD/currencies eg USD/dinar, USDpeso, USDlira...
Exotics: USD/ third world currencies also USD/crosses)

The two pairs of GBP?USD and NSD?YEN normally moves in tendem of its natural relationship, which is an inverse relationship.

It is when one leg is not moving in the natural tendency. Or when both is tearing from the norm tendenct that created the swift and directional moves.

I check, You still on?

[Hanif484]

The flows are few and far between right now but to be able to sit when required, and lye when required and stand when required and walk when required is the rare talent that rewards only the master of these 4 dignities. Everyone is involved in any one of these ALWAYS.

You're feelings are represented by 99% of people trying to trade right now. Think about that.

Breath... even humble soldiers need to rest. Here you can defeat your enemies without even lifting a finger
https://youtu.be/aFXcQvdAe08

--- Update ---

The flows are few and far between right now but to be able to sit when required, and lye when required and stand when required and walk when required is the rare talent that rewards only the master of these 4 dignities. Everyone is involved in any one of these ALWAYS.

You're feelings are represented by 99% of people trying to trade right now. Think about that.

Breath... even humble soldiers need to rest. Here you can defeat your enemies without even lifting a finger
https://youtu.be/aFXcQvdAe08

[Asif777]

in the previous post note how fti talks about using 3 or 4 digit charts, we retail have 5 digit charts (piptits)

the banks ect use 4 digit charts and they look very different to out 5 digit charts...

5 digit candles/bars start/show in 1/10 move of a pip

4 digit candles/bars start/show in 1 pip moves

3 digit candles/bars start/show in 10 pip moves

will produce very different candles/bars to what we see...... this is one way they try to fool us into bad trades and why i use mainly the bigger momentum bars for my entries now while virtually ignoring the rest.

[Tanveer333]

the 5th pip appear due to hft market making in fx, that is why we got such fine spread, in fact the emergence of hft has benefited us retail traders by much, but the same thing can't be said to big players though
https://youtu.be/t0igPuDjYUE

[Asif777]

A good website for those who want to know more about hft, especially how hft "frontrun" us based on mainstream conception

https://youtu.be/URUIcYDq3_I

[Hanif484]

Thank you for your reply. Honestly, I was wondering why A_S posed that question. He is coming to the TAF every two - three years... to write something. So, was thinking that his post was just a rhetoric.

My rhetoric was about equilibrium in two senses: 1. price at any given moment is always in its market determined equilibrium; 2. price may look/ seem at its equilibrium differently for those who see it under- or over-.

As regards, the reliability of 5 digits charts versus 3 digits, for me, it does not matter due to the following:
1. Trapping nature of the Markets (Brokers are within it);
2. Playing (observe, adapt and expolit) with that what is provided by the Brokerage.
3. I do not consider price volatility moves (price change) less than 50 pips (in 4 digits after dot, e.g., 1.3120 - 1.3170) within a current day worthwhile to engage. It would be 5 pips in FTI desired sense then (1.312 - 1.317).
4. We may have 50 pips at just 1 minute on 1M chart, why not consider it as a sort of reliable momentum? We should not then wait for 10 or 15 min charts to manifest.

Again, your patient and kind feedback are highly appreciated.

--- Update ---

Thank you for your reply. Honestly, I was wondering why A_S posed that question. He is coming to the TAF every two - three years... to write something. So, was thinking that his post was just a rhetoric.

My rhetoric was about equilibrium in two senses: 1. price at any given moment is always in its market determined equilibrium; 2. price may look/ seem at its equilibrium differently for those who see it under- or over-.

As regards, the reliability of 5 digits charts versus 3 digits, for me, it does not matter due to the following:
1. Trapping nature of the Markets (Brokers are within it);
2. Playing (observe, adapt and expolit) with that what is provided by the Brokerage.
3. I do not consider price volatility moves (price change) less than 50 pips (in 4 digits after dot, e.g., 1.3120 - 1.3170) within a current day worthwhile to engage. It would be 5 pips in FTI desired sense then (1.312 - 1.317).
4. We may have 50 pips at just 1 minute on 1M chart, why not consider it as a sort of reliable momentum? We should not then wait for 10 or 15 min charts to manifest.

Again, your patient and kind feedback are highly appreciated.

[Asif777]

Hello FTI Followers Friends,

Until the Market commences to unfold I would like to ask you what would be your most reliable signs of price current flow turn. There are two versions: turn of a major trend, and turn on pullback, reversal in the direction of the major trend.

We start the trading day. If we are fairly loyal, then we want and mostly stick to go along with a major daily/ weekly trend (MT). That's presumably the safiest direction. Let's assume there are no fundamental news on calendar ahead and we do not take it into consideration.

Then, we should wait and see if there are retracements occurred so to engage with the MT flow. In this situational example I would refrain from openning positions at a break-out through corresponding MT extremes - highest for Long or lowest point for Short.

The pullback may be just of some 25 - 40 pips back from the extremes, or retracements numbering about 200, etc. pips before restoring the MT directional flow and possible break-out. What are your favourable and most reliable signs to open strategic positions? E.g., compound formation HS on 1H chart and at least 20 pips momentum on 5M chart... Peaks and Troughs on 15M chart...

And when it comes to MT turn, then it should be manifested by a big momentum on H4 and Daily, well looking candle, or a very slow directional change (dying trend) as for a large vessel ti turn. Probably the MT turn is forced by a major fundamental impact.

I'm unfortunately not good in well explaining what I'm personally doing, calling it as response, feeling, etc. Hopefully, this discussion would mutually help us evolve.

Thank you for sharing your concise views.

--- Update ---

Hello FTI Followers Friends,

Until the Market commences to unfold I would like to ask you what would be your most reliable signs of price current flow turn. There are two versions: turn of a major trend, and turn on pullback, reversal in the direction of the major trend.

We start the trading day. If we are fairly loyal, then we want and mostly stick to go along with a major daily/ weekly trend (MT). That's presumably the safiest direction. Let's assume there are no fundamental news on calendar ahead and we do not take it into consideration.

Then, we should wait and see if there are retracements occurred so to engage with the MT flow. In this situational example I would refrain from openning positions at a break-out through corresponding MT extremes - highest for Long or lowest point for Short.

The pullback may be just of some 25 - 40 pips back from the extremes, or retracements numbering about 200, etc. pips before restoring the MT directional flow and possible break-out. What are your favourable and most reliable signs to open strategic positions? E.g., compound formation HS on 1H chart and at least 20 pips momentum on 5M chart... Peaks and Troughs on 15M chart...

And when it comes to MT turn, then it should be manifested by a big momentum on H4 and Daily, well looking candle, or a very slow directional change (dying trend) as for a large vessel ti turn. Probably the MT turn is forced by a major fundamental impact.

I'm unfortunately not good in well explaining what I'm personally doing, calling it as response, feeling, etc. Hopefully, this discussion would mutually help us evolve.

Thank you for sharing your concise views.

[Tanveer333]

Just my opinion, I don't think it's possible to predict volatility before hand, maybe have a good guess, but no crystal ball, as volatility can expand or contract and it's one of the variables which is being priced in options, and after you enter a trade, it's still possible for pa's volatility to contract to below 50pips.

Part of the form read is the volatility leg range, it can expand or contract, but it can only be observed not predicted. And it is partly why the mm works so well, notice by spiralling in and out, volatility with respect to the leg becomes a invariant to the mm used if you are using fibo, which adapts as volatility unfolds, the mm is then trimmed according to your current position.

[Hanif484]

So tearing is when two currencies are moving opposite to what they usually do? But if that's so, how can they be both be tearing? If their natural tendency is to move in opposite directions, then they are tearing if for example JPY and GBP start moving in the same direction. But if they are both tearing, then they are moving opposite each other again which means they are no longer tearing. So something doesn't add up here. What am I missing?

[Asif777]

Trend is trend or is not trend. So we all need definition of that as Jupiter says.

If price just runs why wait for pullback?

Volatility is what market gives us.

I like to look at the momentum in the legs including patterns i.e. is there a strong thrust long or short - we can feel these. So I want to feel in uptrend bulls strong and bears weak.

In pullback we can get rounding over as we saw of recent FTI chart posted here in thread and the opposite rounding bottom- flags are generally clear patterns to feel and understand.

In pullback I like what I call abcdef attack or abc123 attack - these are spring/upthrust.

We also have topping and bottoming action and ranges and v tops/bottoms sharp reversals- gosh there are lots. Think we have to look at what is going on inside these patterns ie how they are formed.

I am sometimes unsure if price is being swept and then reversed or after sweep get pullback and then continuation. I have seen really strong sweeping action then after pullback price just keeps going so trend is super strong.

--- Update ---

Trend is trend or is not trend. So we all need definition of that as Jupiter says.

If price just runs why wait for pullback?

Volatility is what market gives us.

I like to look at the momentum in the legs including patterns i.e. is there a strong thrust long or short - we can feel these. So I want to feel in uptrend bulls strong and bears weak.

In pullback we can get rounding over as we saw of recent FTI chart posted here in thread and the opposite rounding bottom- flags are generally clear patterns to feel and understand.

In pullback I like what I call abcdef attack or abc123 attack - these are spring/upthrust.

We also have topping and bottoming action and ranges and v tops/bottoms sharp reversals- gosh there are lots. Think we have to look at what is going on inside these patterns ie how they are formed.

I am sometimes unsure if price is being swept and then reversed or after sweep get pullback and then continuation. I have seen really strong sweeping action then after pullback price just keeps going so trend is super strong.

[Tanveer333]

Check this post, I made an error then. The error was, notice that I did 1 iteration, if I had continued it would have collapsed into a constant of 1.618 which is the golden mean, the iteration synonymous with the expanding volatility. In actual fact, the math is right, but the answer is wrong because I answered the wrong question, fti asked for if it is a martingale series, which means I needed to do it afew iterations out to see the effect, but I did only 1 iteration hence 1.67 is wrong.

The fulcrum is the net average price.

Notice if it folds in on a constant, that pretty much means it does not variate, the mm number of 1.618 scales well to changing volatility as it is stable and can tolerate some form of volatility variance yet not bring book to death battle as fast, yet have capability to conduct rescue.

1/1.618 is a net average of 0.618, so in percentage terms it's, 38.2% with respect to your previous position to the current price, so buying more to pi skew of 3.14, you only get 25% pretty strong rescue but percentage gain is 13% approx with respect to volatility of X, so for fibo it's 1.618, with 38.2% with respect to volatility of X, and because of that, we use about 2x less capital compared to pi skew. Now compare it to 1x which is 50% it is 12% approx reduction, but we increase size by 0.618 which is considerably a better deal, as risk of accumulating accelerating loss does not go as fast a pi skew compared to phi skew.

So naturally, the golden ratio would fit better between number of troopers committed rescue optimization Vs volatility and position needed to push back to properly rescue.

X can be any value, including expansion in volatility and contraction in volatility.

Solving this above problem, the minimum progression for rescue is 1.618 the fibo progression, and that is why fti said, minimum rescue is fibo progression.

Though the specific usage can be variated abit, say in a short leg, less than 10 to 15 pips, just deploying a 1 1 skew for rescue can be pretty effective, but in larger leg ranges, more will be needed which you can revert to 1.618. if still larger, you can employ spiral within spiral, deploy 1.618 as first trench , then spiral in for mini attack, of 1x and bring it lower. So the mm simply shows you how your risk and position and net position to be acts like with respect to volatility. So it's customizable on the fly for what situation you encounter.

If you find it difficult to see it in the numbers, plot them out as price expands on a piece of paper.

--- Update ---

Check this post, I made an error then. The error was, notice that I did 1 iteration, if I had continued it would have collapsed into a constant of 1.618 which is the golden mean, the iteration synonymous with the expanding volatility. In actual fact, the math is right, but the answer is wrong because I answered the wrong question, fti asked for if it is a martingale series, which means I needed to do it afew iterations out to see the effect, but I did only 1 iteration hence 1.67 is wrong.

The fulcrum is the net average price.

Notice if it folds in on a constant, that pretty much means it does not variate, the mm number of 1.618 scales well to changing volatility as it is stable and can tolerate some form of volatility variance yet not bring book to death battle as fast, yet have capability to conduct rescue.

1/1.618 is a net average of 0.618, so in percentage terms it's, 38.2% with respect to your previous position to the current price, so buying more to pi skew of 3.14, you only get 25% pretty strong rescue but percentage gain is 13% approx with respect to volatility of X, so for fibo it's 1.618, with 38.2% with respect to volatility of X, and because of that, we use about 2x less capital compared to pi skew. Now compare it to 1x which is 50% it is 12% approx reduction, but we increase size by 0.618 which is considerably a better deal, as risk of accumulating accelerating loss does not go as fast a pi skew compared to phi skew.

So naturally, the golden ratio would fit better between number of troopers committed rescue optimization Vs volatility and position needed to push back to properly rescue.

X can be any value, including expansion in volatility and contraction in volatility.

Solving this above problem, the minimum progression for rescue is 1.618 the fibo progression, and that is why fti said, minimum rescue is fibo progression.

Though the specific usage can be variated abit, say in a short leg, less than 10 to 15 pips, just deploying a 1 1 skew for rescue can be pretty effective, but in larger leg ranges, more will be needed which you can revert to 1.618. if still larger, you can employ spiral within spiral, deploy 1.618 as first trench , then spiral in for mini attack, of 1x and bring it lower. So the mm simply shows you how your risk and position and net position to be acts like with respect to volatility. So it's customizable on the fly for what situation you encounter.

If you find it difficult to see it in the numbers, plot them out as price expands on a piece of paper.

[Hanif484]

Check.the formula, phi ^2 = phi + 1

The formulae to get the net average price in percentage terms with respect to current net position and current entry price.

Net average = 1/(1+X) if X = 1.618 it would be 0.382 from the current entry price.

A more powerful mm usage is to gauge the dance from experience and use the fibo skew as a main structure skew but adjust on the fly for abit to fine tune to the specific situation.

For example, you are long 2x scout, another 2x scout, total 4x. You can deploy 3x as fibo rescue, and if price acts inline with your expectation, you can do another 3x for full fibo to bring net px into 0.38x region, then if price does not act in accordance well, you can just let it be 2x 2x 3x with net total of 7x and respiral out with a rescue of 12x reimplemented with say 6x 6x or 4x 4x 4x or 5x 5x 2x. It really depends on your feel of the dance.

The fibo mm is just a guide, when you get more experienced, you would usually adjust on the fly for it and usually the dance and your gut feel will tell you how to implement the rescue strategically as well as the required mm skew trimmed on the fly, which is base fibo, added abit here and there to account for volatility in local price action on curr my swings.

[Asif777]

if you look at the first two lines fti mentions the cross also (g/j, g/u and u/j)

So you need 3 pairs to see a tear that are related to each other, let us use what is here the basic 3K’s (g/u, e/u and u/j), e/u and g/u should naturally move together in roughly the same direction and u/j should naturally move opposite, what we are tracking here is the USD, in a tear two will move naturally and one will not, this tells us the currency (eur , gbp or jpy) that is out of sync (tearing) and could possibly provide a trade in that pair or maybe its crosses, it means if there is no known news that something may be going on behind the scene that we retail traders are not privy to just yet and the big boys are trading into.

--- Update ---

if you look at the first two lines fti mentions the cross also (g/j, g/u and u/j)

So you need 3 pairs to see a tear that are related to each other, let us use what is here the basic 3K’s (g/u, e/u and u/j), e/u and g/u should naturally move together in roughly the same direction and u/j should naturally move opposite, what we are tracking here is the USD, in a tear two will move naturally and one will not, this tells us the currency (eur , gbp or jpy) that is out of sync (tearing) and could possibly provide a trade in that pair or maybe its crosses, it means if there is no known news that something may be going on behind the scene that we retail traders are not privy to just yet and the big boys are trading into.

[kayani_online]

hamay forex ka technical knowledge lazman hona chahiye ye baat samajhhni chahiye kay market kafi had tak technical chalti hay forex ka tamam technical hay kyun kay aap ko market ko proper study karna hota hay market ki movement ko samjhna hota hay kay market mei kya movements ho sakti hain esliye hamay proper knowledge get kar kay forex sey income leni chahiye

[Supi298]

Very important for trader because market goes on mathamatical formula so you does nt understabd the technical view of market you dont get profit here remeber this things

[JamesX9]

Yeah that's very important to learn and to understand the technical situation of the market because if you stay only on fundamental side then you putting yourself and your invested amount in a serious risk so be aware of the risk and learn about the technical situation and trend of the market.

[billyboy00007]

Technical knowledge ki zarorat hoti hai meray khayal say yeh bhi forex ki education ki tarah he kafi important hoti hai is liye apko is ko demo main learn karna chahiye us kay bad he ap real trading karen real account main.

[Hassan1240]

Technical knowledge ki bohat zayada importance hoti hai wo koi bhi field ho apko forex main agar kamyab hona hai to apko chahiye kay ap log hard work karen aor sub say pehlay technical knowledge ko sekheih.

[Sonafi]

In this portion we are going to discuss technical knowledge of Forex as well as technical terms that are used in Forex

1: Lot size,
2: Stop Loss
3: Take profit
4: Pending order
5: Different currency pair and their face value

All these term are used in Forex we must know all about these terms and these terms are mostly used when we are going to place trade order in Meta trader, Trading plate forum.

[sara98065]

Technical knowldge bohat best hoti hai agar apko is ki samajh ajati hai to samjha lein tarding main apkay yeh bohat kam aye gi aor best say better earning kar saktay hein ap is main.

[Akhterp]

bohat say traders ko main nay dekha hai wo nakaam hotay hein tarding main iska meain reason yeh ha kay unkay pas technical knowledge ki kami hoti hai aor sahe say perform nahi kar patay hein wo forex main.

[ntn]

Forex mien jab hum log kam kerty hien to es mien aa ker hamain technical knowledge bee dena hota hai jab hum es mien a aker techical knowledge hasil ker lety hien to hum es mien aa ker trade bhut achy say laga sakty hien es lye hamain forex mien technical knowledge k sath sath or bee knowledge hasil zaror kerna hota hai.

[mehro]

g han forex k bary men technical knowledge hona zrori hai is lia news, internet search, meta trader platform aur forex pe posting. aik dosry sy information share kr k technical malolat hasil kr skty hen aur sub sy zrori yeh hai k new logo ko chahye k wo demo account pe kaam kren

[Experttrader]

ik trader ka technically strong hona bohot zarori hay aur aap ki technical skills aap ko har market conditions main profits dey saktee hain, main traders ko slah doon ga kay price action technical skills par ziada dhayaan dain jo kay bohot hi important type kay technical skills hain.

[FastScalper]

to earn money from forex trading it is very important to know all king of knowledge which is related to forex trading and which can help you for making successful trades. so technical analysis or technical knowledge is also very important as it can help you to analyze the market and you can make a better strategy to make successful trades on regular bases.

[Shahid78]

Agar apke pass is min technialknowledge hain to ap is mein earn kars akte hain appko is mein zada mehnat karni chahye tab ja kar ap is mein earn kars akte haina apko is mein zada mehnat karni chahye tab ja kar ap is mein earn akrss akte hain ye aik best online site hain jis mein ap earn kars akte hain

[Dinesh]

Technical knowldge to her trader ko honi hi chahiye is k bina trader market mai trade nehi ker skta. Trend, support and resistence horizontal aur digonol dono hi, fibo ratio, candlestick aur chart pattern.

[0307148]

Yes, it's not easy to gain consistent profits in forex trading because condition in the market couldn't be predicted easily sometimes.
As an example is today, movement of EUR/USD and GBP/USD are up and down in high pips in short time. It's really hard to gain
profits especially with scalping which I did for today.

[mainhard]

Technical knowledge is the most important in forex trading as a result of temporary not technical knowledge. You will not be a strong trader, so you analyze the forex trading movements. even some traders who are very skilled in technical knowledge to really analyze the market. thus this will still predict market movements well. this is really good in the forex market and is very helpful after you trade.

[resham]

i implies that this is an important procedure for relating the health or nature of trade in trade to explicit privileges. field knowledge provides ideas that are closer to various indicators and tools for the trading platform and helps us to form effective and bouncing strategies that help to strongly win money across the market.

[Experttrader]

Agar aap ko fundament news main poori maaloomat hai aur aap ko technical ka nahi pata to aap is forum per apne problems ka hal talash kar saktay hain. Wesay bhi technical knowledge jo kay chart reading ko kehtay hain is ka seekhna bohat zaroori taakay humain trading main asaani ho.

[Shahzadahmed4850]

Agar aap ko fundament news main poori maaloomat hai aur aap ko technical ka nahi pata to aap is forum per apne problems ka hal talash kar saktay hain. Wesay bhi technical knowledge jo kay chart reading ko kehtay hain is ka seekhna bohat zaroori taakay humain trading main asaani ho.

[tatang]

Technical knowledge is very important to choose the important level in the chosen currency trial and after that getting one of the best level entries occurs only in a way that allows us to remain free minded and reap more profits. After we have this knowledge, making money is very easy

[sarawa]

Technical knowledge is very important in all forex trading because you will place trades in a reasonable place when using technical assistance. so try and try to find a chart pattern to make sure that you will be able to understand the chart and make the right trade in the right position. and technical knowledge is basically fundamental analysis consisting of knowledge of the factors that influence the demand and supply of everything or assets. these factors can be social, political or economic. so always combine fundamental analysis with charts and sentimental analysis.

[prabowo]

I realized that it was not easy to benefit from the forex market. there might be 2 types of studies in forex, one might be technical analysis and fundamental analysis. each is very important for our forex trading. especially fundamental news that encourages technical charts so traders must understand each analysis to get the forex market! and there are many technical indicators that make it easy for us in our trade. they give us signals to enter and exit the market which is the best part of forex trading. so we have to spend a lot of time studying it so we can become and experts about their reading. the more specific we can read the signal, the more benefits we can do.

[Shahzadahmed4850]

I realized that it was not easy to benefit from the forex market. there might be 2 types of studies in forex, one might be technical analysis and fundamental analysis. each is very important for our forex trading. especially fundamental news that encourages technical charts so traders must understand each analysis to get the forex market! and there are many technical indicators that make it easy for us in our trade. they give us signals to enter and exit the market which is the best part of forex trading. so we have to spend a lot of time studying it so we can become and experts about their reading. the more specific we can read the signal, the more benefits we can do.

[safehouse]

purpose of trading is to make a profit, any analysis can also be done but as a beginner I think technical analysis is a wise choice due to it's not too hard to learn it is not in comparison with the fundamental analysis that must be understood about the economy of a country and news as it happen

[Sing]

fundamental aur technical analysis ka apna apna role hota hai forex me aur dono hi bahut zaruri mane jate hai forex trading me paisa kamane ke liye
forex me jo bhi trader in dono ke hisab se trading karta hai uske liye forex kafi faydemand rehta hai..me dono analysis ko follow karne ke bad hi trading karta hon aur sab traders ko yahi kehta hon

[00923027642346]

I think technical knowledge mean ability to understand forex current news, knowledge about trading platform, ability to prepare technical analysis, analyze market position and market signals are too much help full new traders.

[masyuni]

good technical knowledge is needed in all forex trading, because you are asked to build a technical analysis of the trade, and this is a very vital step for the trade. therefore to make higher trades we must be able to take reasonable technical analysis of trends. and ... I don't think we will only be prepared to trade while not knowing technical analysis, unless a trader embraces fundamental analysis. op even then must provide new courses and avoid technical.

[qhamvret]

As far as I know, technical trading is good for every trader. Because it involves tools such as META TRADER to help traders, especially new ones. It makes it easy for us to trade, predict the market situation in the future. But he came by gaining knowledge about forex trading. So we must first read a lot about forex

[rukiah]

Technical analysis is all about using indicators, support and resistance in others to predict what will happen in the future and hence they are very useful tools. So, if used correctly, you can make a lot of money with them. and as a technical-based trader, traders must know and understand the indicators used in the trading system. each indicator has advantages and disadvantages, if a trader is not familiar with this it will usually be stuck on a false signal indicator.

[yandri]

fundamentals are smart for long-term traders other than that because we use higher leverage and it's not safe for the long term, I feel technical things are more profitable by looking at technical charts we can confirm the direction of combining costs and guessing the consequences. and knowledge of technical analysis is very much needed, especially when we do fundamental analysis. if we have technical analysis supported by fundamental analysis from the results of predictions that we will get the results of trading tubs and many benefits. therefore continue to develop your technical analysis skills so that your fundamental analysis is also supported.

[safehouse]

I think we must get started on forex have some good technical knowledge must need good place to start is to be clear on your own personal trading goals learn useful way for making profits on watching markets To find the most profitable trading.So this analysis is very true when we do it correctly, its very usefull and efective.

[kivlan]

Technical analysis is very important because it makes us study the market besides studying directions and waves and I think technical analysis is better than fundamental because as fundamentals change direction temporarily, but the market returns as back there, s original as direction so if we put our position in the right direction that we will not be afraid of anything !! and technical analysis will not recommend that you must learn additional news when trading according to this. build usage on your graph and also signals from your own trade connected together with your own technical analysis.

[Experttrader]

indeed, if we master the fundamental analysis would be easy to get a big profit. but for a beginner I guess that's not possible because it is very difficult so it takes a while to get the hang of it. so in my mending learn technical analysis used in carrying out this forex business

[ntn]

Sir technical knowledge is platform and basic of every trader should have when they begin to participate in forex, the indicator used for analysis is essential before you prepared buy or sell besides that you also need to read the news to better analysis and get a desion here.

[lakum]

technical analysis is connected with charts and indicators and chart analysis and analysis of this indicator. News analysis is not a technical analysis but also varies the style of analysis in forex trading. You must do all types of analysis before forex trading can also reduce your losses. and technical knowledge is very important for this business, people must try to get techniques about this business, and have to get new technical skills through e-books, forums and demo accounts.

[moive]

It is important to have a very good understanding and special examination even though dealing with foreign exchange and brokers must also have excellent special abilities and can handle all market trends to generate income. He must use special indicators and learn everything when dealing. and you are right. in forex trading we need analysis, although the analysis we use may not be able to get benefits, but this is an important trade analysis, as a basis for understanding market movements. as beginners we can start with technical analysis that is easier to understand

[Shahid78]

forex trade me technical knowledge ka hona zrori ha agr ap k pas knowledge ho ga to ap ko is business k bary me pta ho ga k kasy business krna ha ap ko technical knowledge sy hi ap ko buying aor selling ka pta chlta ha forex trade me pasa kmany k liy ap ko knowledge aor is business k bary me kbr honi chayi

[Deepthinker]

i guess you are wrong i mean this kind of analyze is called the fundamental one and trade on it with the news and the analysis of the broker etc but for the technecal analyze you will use your strategies and analysis....

[Pak3000]

technical information ka hona bohut zarori hai because aj akl kai dor or trading mai is ki ahmiyat bhar gi hai koi trading karna chahta ha wo pehlay agay peechay sa technicak information ko coolect kar lai is tarah us ko trading karnay mai zayada profit or experience hasil hoga

[forex247]

Teaching knowledge Forex me aapko bhut help kar sakti hai kyuki isse aapko Forex k baare mw jyada pta hoga aur aapka trading karne ka tarika aur jyada behtar hoga jisse ki aapko jyada se jyada profit hone k chances milenge aur aapka account grow kregaa

[Experttrader]

Dear Brother technical knowledge is the knowledge that is based on the study of the news and the books and analysis of the trends at that time. It is very important to have better technical knowledge for the better trading and profit.Thanks

[0307148]

It is very important to have good technical knowledge and analysis while trading in forex and a trader should also have good technical skills and should trade with the market trend to make profits.He should use technical indicators and study them while trading.

[zonyakhan]

Sir herr the technical knowledge is most important in forex trading if you wanna become good trader then you should know some technique through which you earn some profit and people can earn profit makeing his own technique and be an expert.

[Shahid78]

G hain bhai jan apne bilkul hi sahi kaha hain technical hain jis mein ap kam kar sakte hain apko is mein ihtiyt se kam karna chahye pher ja kar ap is mein earn kars akte hain

[gold1985000]

Forex is a Forex trading and trading on the Internet is a great risk so I recommend managing good capital to continue in the market and make money Thank you and I wish you excel

[gold1985000]

I hope you succeed in this. You get the educational programs via Youtube channel and wrote in circulation. I hope you are good at learning and understanding Forex well

[Experttrader]

Agar apke pass zada earn karna chahyte hain to ap is mein earn kar sakte hain is mein apo ihtiayat se kma karna chahye pher jakar ap ismein ear kar sake hain forex ko apko achi tarh se anlysis kar k hi is min apko trade start kar deni chahte apko is mein ihtiayt se kam karna chahye tab ja kar ap is mein earn kar skte hain is mein apko is mein ihtiayt se kam karna chahte pher ja kar ap is mein earn kar sakte hain

[Shahzadahmed4850]

Sir herr the technical knowledge is most important in forex trading if you wanna become good trader then you should know some technique through which you earn some profit and people can earn profit makeing his own technique and be an expert.

[Attraction]

Brothers and sisters using too much consideration of others sometimes makes us confused in making decisions. Special to news problem, as a technical trader I usually ask for opinions from other traders, but of course, fundamental traders that I know well, not carelessly trader. I agree your opinion, that trading analysis itself makes us more satisfied, but sometimes combines technical analysis with fundamental analysis from other traders will also give satisfaction also so keep work hard here.

[Haque92]

Post Technical knowledge For Forex.
likely to have to defend. Lower IVs are acceptable in the one-sided approach,
as long as you�ve a reasonable measure of confidence that your view of the
market�s direction over a day or two isn�t considerably off the mark. Use
non-seasonal reasoning here: you don�t need to be right to make a profit,:1f60b: