The proof, ladies and gentlemen, is in the pudding. He does play it very close to the market. Not necessarily each bar (although at times he does) but seemingly each component formation (as he has mentioned quite often). He has also labelled points ...

Technical Analysis Fallacy

I am not entirely certain about the following: "and volatility run of max 7 bars average 3" but my guess would be fti plays his sequence based on each bar (or close to it). He will unwind fully in 7 bars if the volatility is strong but he normally ...

Technical Analysis Fallacy

mijamoto, what you have brought up here is very relevant and linked. The law of motion seems fairly straight forward when applied to the market. Price remains constant until a force is applied to it. In this case, buyers and sellers. The stronger ...

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About true average, it's not something I remember but if anyone is interested in reading about Dow theory from the book fti mentioned, it is on google books. It contains a preview so the whole book is not available but it contains the full section ...

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Thanks for those posts Leigh, I do remember them. I kind of put EW on the side until he mentioned it in private to you. I don't trade EW although I first started trading by following an EW thread, however, I didn't really get into all of the rules. ...

Technical Analysis Fallacy

Leigh, I think you have some hidden treasures lying around and thanks for posting this one. The important message is that when we have caught the third wave in a trend we should expect a largish retracement. I will generally close all positions when ...

Technical Analysis Fallacy

Well, I became overconfident and left my babies unattended and missed the rescue attempt, which came very quickly. So the market gave me a deserved slap. You were complaining about a 100 pip EUR move but I was battling what ended up being a 500 pip ...

Technical Analysis Fallacy

Hi Leigh, nice to hear from you. Seeing that you are so close to fti, do you have any idea where he has gone? No word from him but just a quiet departure. Kikas, I couldn't agree more about health but I would extend that to body, soul and mind. ...

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Lusan Yes, bailing out is certainly an option if you find yourself on the other side of a strong impulsive movement. Although if you have time and troops, going to another timeframe and searching for a rescue point is also another option. If I ...

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jest, at the end of the day, it is what you are comfortable with. This really is something each of us needs to determine ourselves. Since I have a full time job and I am practicing fti's method, I have no need to make a living out of trading but I ...

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Wow, I've just read the last couple of pages and a few memories of fti's teachings come to mind. Here they are: From his very first post (I have highlighed Capitalisation). "What many traders do not know, or may fail to recognise, is that your ...

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Thanks for that Leigh. I do remember mention of limited rescue attempts so he probably said it here (or perhaps in one of my dreams ). I think it's a very important point nonetheless.

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jest, I remember fti once mentioning that we need to find our own comfort level and risk appetite. If you feel you can do better by slightly increasing size and still feel comfortable with the risk (and troops available) then by all means, go ahead. ...

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Jairo and David Thank you for your comments and that is my understanding. I was just thinking of placing a stop to protect overnight positions but that has now been cleared up. One is not needed.

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Thanks for the discussion about the overnighter guys. I was kind of struggling with the idea of not putting in a protective stop at breakeven + 1 to protect profit but I have now come to a realisation. My confusion lied in the idea of where to put ...

Technical Analysis Fallacy

Does anyone here have a good understanding of fti's overnight positions? I would like to hear other opinions.

Technical Analysis Fallacy

Good to see this thread alive and well. So where is fti? I was expecting a post or two whilst on holiday. Did I miss something? Well, here is my result. I wasn't sure about a few answers but I did it once only. I found the Trading Challenges part ...

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Yep. I'm off also so see you when I get back. Have a nice holiday also luSan.

Technical Analysis Fallacy

Hi Leigh I can see he was using MT4 and the column with the green boxes is the T/P field. You can see the green ones reached target (normal behaivour to change colour) while the other one set at 1.4740 didn't reach target but was closed manually at ...

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Leigh, yes I remember those posts but I was wondering about frequency. That chart he posted with entries was done in hindsight to demonstrate his sequence. Thanks for the blotter post. I can see this time he has TPs set which I didn't notice the ...

Technical Analysis Fallacy