Technical knowledge For Forex.

[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

vBulletin [video]

[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

vBulletin [video]

[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.

[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!

[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.

[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]

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]

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.

[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.

[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!