Technical knowledge For Forex.

[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]

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]

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?

[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).

[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]

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]

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.

[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]

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.

[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.