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[jjs]

I have been doing some thinking lately...maybe I have gone on to the  "dark side".  Please correct me if I am wrong.

The beauty of the fti method is in its MM.  The MM gives rise to the MO which can be summarised in the motto: Damage is part of the battle.  Recovery is essential.  Victory is the objective..

He is a technician and he even mentioned that a successful and respected pit trader is using SAR and that it is ok.  My thinking is that the use of indicators in the chart analysis is perfectly ok.  It's the trading, because of the MM and MO, that has to be based on the price action alone.

Have I veered towards the "dark side"?

[HC]

jjs:

the use of indicators in the chart analysis is perfectly ok.  It's the trading, because of the MM and MO, that has to be based on the price action alone.

1. What I am going to write is just my view, may not 100% tally with fti's.

2. My take on whatever trading method is always : Don't care black cat or white cat, able to catch mouse is a good cat.  So, no matter duck side or chicken side, so long as it bring money in for you, it is a good side.  If using indicator works for you (consistently enough), good, continue to use it.

3. However, using indicators in fx chart has its challenge, something that is not faced (so badly) when using them on stocks/futures.  You will see a very "irrational" spike every now and then, especially in short time frame charts.  These may be due to stop hunting, news releases, or central bank intervention, big fund unwinding positions etc.  Once these spikes find themselves into the indicators' mathematical calculations, the final indicator readings can be erroneous.  The seemingly perpetual zigzag of price move is sparkled with very strong move in between is also another problem.  It is this inconsistency that make me pissed off.

4. Next is the question of lagging, typically can be adjusted by changing the period.  But I was unable to change the period on the fly to suit whatever sudden change in market mood, which usually only obvious after the fact.

5. So what I do is I did some very basic TA like support/resistance zone, patterns, MAs to gauge direction when lost etc on the higher time frame charts, and look for confirmation of the view arrived from the higher time frame in the shorter time frame chart, see if the price action, impulsive/retracement move is telling me the same story.  Take note of the consistency and trade according to the view arrived.  Take note of the inconsistency and recheck the long time frame bias or wait for a clearer view.  If already in the market, I will give even more weight to the price action in the short chart and react accordingly, as this is the battle that am facing as a commander in the field.

6. I find this tai ji youtube (

http://www.youtube.com/watch?v=XSnUDkCQ0WU

) posted by fti has great resemblance to his trading methodology.

Just my 2 cents.

[HC]

I am not sure you have read 倚天屠龙记, here is the part I relate to this trading method:

    张无忌暗暗发愁，这口倚天宝剑锋锐无匹，任何兵刃碰上即断，惟一对策，只有以乾坤大挪移法空手夺他兵刃，然而伸手到这等锋利的宝剑之旁，只要对方的剑招稍奇，变化略有不测，自己一条手臂自指尖以至肩头，不论哪一处给剑锋一带，立时削断，如何对敌，倒是颇费踌躇。忽听张三丰道：“无忌，我创的太极拳，你已学会了，另有一套太极剑，不妨现下传了你，可以用来跟这位施主过过招。”张无忌喜道：“多谢太师父。”转头向阿大道：“这位前辈，我剑术不精，须得请太师父指点一番，再来跟你过招。”

　　那阿大对张无忌原本暗自忌惮，自己虽有宝剑在手，占了便宜，究属胜负难知，听说他要新学剑招，那是再好不过，心想新学的剑招尽管精妙，总是不免生疏。剑术之道，讲究轻翔灵动，至少也得练上一二十年，临敌时方能得心应手，熟极而流。他点了点头，说道：“你去学招罢，我在这里等你。学两个时辰够了吗？”张三丰道：“不用到旁的地方，我在这儿教，无忌在这儿学，即炒即卖，新鲜热辣。不用半个时辰，一套太极剑法便能教完。”他此言一出，除了张无忌外，人人惊骇，几乎不相信自己的耳朵，均想：就算武当派的太极剑法再奥妙神奇，但在这里公然教招，敌人瞧得明明白白，还有甚么秘奥可言？...。张三丰道：“老道这路太极剑法能得八臂神剑指点几招，荣宠无量。无忌，你有佩剑么？”小昭上前几步，呈上张无忌从赵敏处取来的那柄木制假倚天剑。张三丰接在手里，笑道：“是木剑？老道这不是用来画符捏诀、作法驱邪么？”当下站起身来，左手持剑，右手捏个剑法，双手成环，缓缓抬起，这起手式一展，跟着三环套月、大魁星、燕子抄水、左拦扫、右拦扫……一招招的演将下来，使到五十三式“指南针”，双手同时画圆，复成第五十四式“持剑归原”。张无忌不记招式，只是细看他剑招中“神在剑先、绵绵不绝”之意。张三丰一路剑法使完，竟无一人喝彩，各人竟皆诧异：“这等慢吞吞、软绵绵的剑法，如何能用来对敌过招？”转念又想：“料来张真人有意放慢了招数，好让他瞧得明白。”

　　只听张三丰问道：“孩儿，你看清楚了没有？”张无忌道：“看清楚了。”张三丰道：“都记得了没有？”张无忌道：“已忘记了一小半。”张三丰道：“好，那也难为了你。你自己去想想罢。”张无忌低头默想。过了一会，张三丰问道：“现下怎样了？”张无忌道：“已忘记了一大半。”

　　周颠失声叫道：“糟糕！越来越忘记得多了。张真人，你这路剑法是很深奥，看一遍怎能记得？请你再使一遍给我们教主瞧瞧罢。”张三丰微笑道：“好，我再使一遍。”提剑出招，演将起来。众人只看了数招，心下大奇，原来第二次所使，和第一次使的竟然没一招相同。周颠叫道：“糟糕，糟糕！这可更加叫人胡涂啦。”张三丰画剑成圈，问道：“孩儿，怎样啦？”张无忌道：“还有三招没忘记。”张三丰点点头，放剑归座。张无忌在殿上缓缓踱了一个圈子，沉思半晌，又缓缓踱了半个圈子，抬起头来，满脸喜色，叫道：“这我可全忘了，忘得乾乾净净的了。”张三丰道：“不坏，不坏！忘得真快，你这就请八臂神剑指教罢！”说着将手中木剑递了给他。张无忌躬身接过，转身向方东白道：“方前辈请。”周颠抓耳搔头，满心担忧。方东白猱身进剑，说道：“有僭了！”一剑刺到，青光闪闪，发出嗤嗤声响，内力之强，实不下于那个秃头阿二。众人凛然而惊，心想他手中所持莫说是砍金断玉的倚天宝剑，便是一根废铜烂铁，在这等内力运使之下也必威不可当，“神剑”两字，果然名不虚传。

　　张无忌左手剑诀斜引，木剑横过，画个半圆，平搭在倚天剑的剑脊之上，劲力传出，倚天剑登时一沉。方东白赞道：“好剑法！”抖腕翻剑，剑尖向他左臂刺到。张无忌回剑圈转，拍的一声，双剑相交，各自飞身而起。方东白手中的倚天宝剑这么一震，不住颤动，发出嗡嗡之声，良久不绝。这两把兵刃一是宝剑，一是木剑，但平面相交，宝剑和木剑实无分别，张无忌这一招乃是以己之钝，挡敌之无锋，实已得了太极剑法的精奥。要知张三丰传给他的乃是“剑意”，而非“剑招”，要他将所见到的剑招忘得半点不剩，才能得其神髓，临敌时以意驭剑，千变万化，无穷无尽。倘若尚有一两招剑法忘不乾净，心有拘囿，剑法便不能纯。

[jjs]

I am not sure you have read 倚天屠龙记, here is the part I relate to this trading method:

    张无忌暗暗发愁，这口倚天宝剑锋锐无匹，任何兵刃碰上即断，惟一对策，只有以乾坤大挪移法空手夺他兵刃，然而伸手到这等锋利的宝剑之旁，只要对方的剑招稍奇，变化略有不测，自己一条手臂自指尖以至肩头，不论哪一处给剑锋一带，立时削断，如何对敌，倒是颇费踌躇。忽听张三丰道：“无忌，我创的太极拳，你已学会了，另有一套太极剑，不妨现下传了你，可以用来跟这位施主过过招。”张无忌喜道：“多谢太师父。”转头向阿大道：“这位前辈，我剑术不精，须得请太师父指点一番，再来跟你过招。”

　　那阿大对张无忌原本暗自忌惮，自己虽有宝剑在手，占了便宜，究属胜负难知，听说他要新学剑招，那是再好不过，心想新学的剑招尽管精妙，总是不免生疏。剑术之道，讲究轻翔灵动，至少也得练上一二十年，临敌时方能得心应手，熟极而流。他点了点头，说道：“你去学招罢，我在这里等你。学两个时辰够了吗？”张三丰道：“不用到旁的地方，我在这儿教，无忌在这儿学，即炒即卖，新鲜热辣。不用半个时辰，一套太极剑法便能教完。”他此言一出，除了张无忌外，人人惊骇，几乎不相信自己的耳朵，均想：就算武当派的太极剑法再奥妙神奇，但在这里公然教招，敌人瞧得明明白白，还有甚么秘奥可言？...。张三丰道：“老道这路太极剑法能得八臂神剑指点几招，荣宠无量。无忌，你有佩剑么？”小昭上前几步，呈上张无忌从赵敏处取来的那柄木制假倚天剑。张三丰接在手里，笑道：“是木剑？老道这不是用来画符捏诀、作法驱邪么？”当下站起身来，左手持剑，右手捏个剑法，双手成环，缓缓抬起，这起手式一展，跟着三环套月、大魁星、燕子抄水、左拦扫、右拦扫……一招招的演将下来，使到五十三式“指南针”，双手同时画圆，复成第五十四式“持剑归原”。张无忌不记招式，只是细看他剑招中“神在剑先、绵绵不绝”之意。张三丰一路剑法使完，竟无一人喝彩，各人竟皆诧异：“这等慢吞吞、软绵绵的剑法，如何能用来对敌过招？”转念又想：“料来张真人有意放慢了招数，好让他瞧得明白。”

　　只听张三丰问道：“孩儿，你看清楚了没有？”张无忌道：“看清楚了。”张三丰道：“都记得了没有？”张无忌道：“已忘记了一小半。”张三丰道：“好，那也难为了你。你自己去想想罢。”张无忌低头默想。过了一会，张三丰问道：“现下怎样了？”张无忌道：“已忘记了一大半。”

　　周颠失声叫道：“糟糕！越来越忘记得多了。张真人，你这路剑法是很深奥，看一遍怎能记得？请你再使一遍给我们教主瞧瞧罢。”张三丰微笑道：“好，我再使一遍。”提剑出招，演将起来。众人只看了数招，心下大奇，原来第二次所使，和第一次使的竟然没一招相同。周颠叫道：“糟糕，糟糕！这可更加叫人胡涂啦。”张三丰画剑成圈，问道：“孩儿，怎样啦？”张无忌道：“还有三招没忘记。”张三丰点点头，放剑归座。张无忌在殿上缓缓踱了一个圈子，沉思半晌，又缓缓踱了半个圈子，抬起头来，满脸喜色，叫道：“这我可全忘了，忘得乾乾净净的了。”张三丰道：“不坏，不坏！忘得真快，你这就请八臂神剑指教罢！”说着将手中木剑递了给他。张无忌躬身接过，转身向方东白道：“方前辈请。”周颠抓耳搔头，满心担忧。方东白猱身进剑，说道：“有僭了！”一剑刺到，青光闪闪，发出嗤嗤声响，内力之强，实不下于那个秃头阿二。众人凛然而惊，心想他手中所持莫说是砍金断玉的倚天宝剑，便是一根废铜烂铁，在这等内力运使之下也必威不可当，“神剑”两字，果然名不虚传。

　　张无忌左手剑诀斜引，木剑横过，画个半圆，平搭在倚天剑的剑脊之上，劲力传出，倚天剑登时一沉。方东白赞道：“好剑法！”抖腕翻剑，剑尖向他左臂刺到。张无忌回剑圈转，拍的一声，双剑相交，各自飞身而起。方东白手中的倚天宝剑这么一震，不住颤动，发出嗡嗡之声，良久不绝。这两把兵刃一是宝剑，一是木剑，但平面相交，宝剑和木剑实无分别，张无忌这一招乃是以己之钝，挡敌之无锋，实已得了太极剑法的精奥。要知张三丰传给他的乃是“剑意”，而非“剑招”，要他将所见到的剑招忘得半点不剩，才能得其神髓，临敌时以意驭剑，千变万化，无穷无尽。倘若尚有一两招剑法忘不乾净，心有拘囿，剑法便不能纯。

 ...of the Condor Heroes Trilogy...this is my favourite...read it umpteen times.  Love it maybe because of its sweet ending   Heard that Mr Cha is coming out of retirement and do one more book.

The last few days I have been consistent...consistently on the wrong side of trade.  Maybe due partly to my trading hours...noticed that the retracements, some of which were long and deep, happened during my trading hours. 

Thanks

[HC]

The last few days I have been consistent...consistently on the wrong side of trade.  Maybe due partly to my trading hours...noticed that the retracements, some of which were long and deep, happened during my trading hours. 

Yes, it has been difficult for me too.  Now EU is at 1.3000 important support/resistance, market marker sweep repeatedly on both sides.  Difficult to trade.