"Abandon all hope, you who enter here"
La Divina Commedia, Dante Alighieri
The Ultimate Fallacy in Technical Analysis 99 replies
"Technical Analysis Fallacy" thread people, I need your help 54 replies
Technical Analysis Fallacy Redux 23 replies
Statistical analysis fallacy 33 replies
DislikedHi All,
tks , will answer soon, now watching EUR/USD flying.
Anuone watching?
regardsIgnored
DislikedThank you very much for sharing your knowledge, experiences and wisdoms with us.
I totally agree with you indicators are just tools. Price action/pattern analysis is king.
I observed the E/U is going up again. And I hate that my E/U long position was stopped out again at 1.4817 with only a small amount of pips left with me.
I really doubted that the market knew my stop loss (stop win actually) was between 1.4920~1.4900. Is it possible that some people will sweep the S/Ls in this range before E/U goes up again?
I think my stop loss (stop win actually) was just sweeped. That is a problem, if you place a stop loss/win, after being hit, the price goes further, if not placing a stop loss, the price may go down and my position is in trouble.Ignored
DislikedEUR.USD right?
Ignoring the times (mine) where did you get stopped out?
Assuming you're talking about the moves down to 4805 a few hours back then there is nothing I see on that chart that isn't the normal back and forth motion of the markets. Said motion is natural and needed if the larger players are going to get filled (and any stops that get picked up in it are opportunistic rather than evidence of conspiracies).
Long now 4837 has the potential to be a cool trade (tight stops though).Ignored
Quoting SunTraderDislikedAnyone who believes the market is a battlefield or wild beast or the enemy or hates their broker who trades against them, or runs their stops....... has lost before they even begin.Ignored
Quoting ftiDislikedFrom my engagements in the markets as marketmaker, FX spot interbank, we actually capitalise on these "sitting duck levels" by sweeping for them, esp the stops zones. I will be discussing on this subject abit later when we come to it.Ignored
Disliked
@ Green_David,
Thank You for your kind words.
You seem to be grappling with the market due to your technique being conservative with your Stops within sweep reach.
A remedy can be found in varying your, overnight sizes by taking some profits on your exposure, and using the acquired profits as a buffer, so that your term position may have more leeway to sustain market stop sweeps. Of course when you do this your "at risk" position size would be smaller.
Ponder on this and see if it may improve your position's whipsaw sustainability in the market.
You may remember that I do not advocate stop loss. But as this is a contentious issue that numerous other traders do not agree upon. I will leave that for further discussion when I get to that segment of the discussion. Your patience is appreciated.
regardsIgnored
DislikedWell trading market is based on probabilities (as i know). We follow technical indicator to judge a right place of trade(oversold/overbought). Fabonacci or other tool for exit signal and price action or other signal action for enter in a trade.
Many traders in forex trade only basis of history data(charting mathod). Some people looks MA crossover and some looks for fundamental news.
You want to say how we can trade in future using history data. Yes you are true.
Iam newbie on this forum. I have some funny questions. Please answer.
(1) Do banks take intrest in technical analysis ? If yes give me timeframe and technical analysis tools name.
(2) Or they believe in only fundamental analysis.
Iam using priceaction with BB and MACD. I just a child when i compair myself with u. Please reply what am i ask.Iam little confuse.
thanks.
Sorry for poor english. Iam not english.Ignored
Quoting ftiDislikedYou may remember that I do not advocate stop loss. But as this is a contentious issue that numerous other traders do not agree upon. I will leave that for further discussion when I get to that segment of the discussion. Your patience is appreciated.Ignored
Quoting ftiDislikedIn term of Stops, I agree that its is a way of controlling negative exposure.
But this can only happen if a position was left unattended to.
All pro market participants, never leave positions open and unattended to.
How long would you leave you babies unattended to?
Unfortunately the FX markets do not sleep.
So if any trader left their positions unattended to , they may as well be gambling.
AND leaving positions for dealers to watch stops, is worst.
Might as well give bank robbers the keys to the vault.Ignored
Quoting fti's post that was previously deletedDislikedbasically we do not carry mental stop-loss levels, in reality it is being managed around the clock on a "on call mode", standby mode, if you like. For banks, that does not operate a 24 hr crew, they pass "wake up call zones" to their active branches.
Regarding the placing of stop loss levels,there is no safe zones. It all depends on the market sentiment and how the dealers' blotters are behaving on that certain day. Be assured, that all good dealers knows where the sweeping zones are and we know that placing stop-loss away from such zones actually defeats the purpose of the stoploss order, except to protect from overloss situations for customers. This is because when a sweep zone is under attack, no one can tell how far the stops self-feeding will over-shoot, in terms of the volatility and also the resultant rest point, this always works against the stops. This is the nature of stop-loss orders.Ignored
Quoting ftiDislikedWith regards to the margin call auto liquidation , why would traders put stop loss orders for protection, when there is an auto machanism to protect them already? In effects, wouldn't the traders using stop loss orders be actually pointing a loaded gun at their own head? if the average extreme volitility of 25% up, is used for benchmarking, I would guesstimate that almost all accounts as you suggested, probably won't last a few months unless no leverage was used.Ignored
Quoting ftiDislikedI seek your indulgence for being old, fat fingured, and slow typer with bad spelling.Ignored
Dislikeddid you get a chace to search out Paper Money?
iTs a very good read for understanding the mkts.Ignored
Quoting ftiDislikedNo one answer the questions, so I guess no one wants to go into market structure.Ignored
Quoting semarDislikedI think it's better to continue here your post, otherway you'll end up with 15 threads that nobody can find )Ignored