Iam still in. USD bull.... currently 12pips plus.... but before i was some 20pips under the watter...
Closed... +20pips
Great weekend for everyone :-)
Closed... +20pips
Great weekend for everyone :-)
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
DislikedI agree with this and am closing down for the week. Hope you all have a good weekend and see you next week.Ignored
DislikedJ-pax,
Understand I am learning too.. some pics to ponder, starting with FTI's famous chart.
Know that there are a million, zillion different ways a chart can play out, these are just to provoke some thought and not the answer. Remember in an up trend we want to Buy weakness (valleys) and Sell strength (peaks).
You can trigger candles, levels whatever but you want but the best is to learn to feel the market getting ready to pounce.
for what they are worth,Ignored
Dislikedthank you auxesis, i forgot the fti chart, at first i was thinking it was a joke (to let us know that posting charts is useless because we can dwaw trades after the fact.) since you post it i believe it is genuine and a great lesson.
i will remember your line charts and try to make use of the "backing and filling", i believe it is called.
[i][color=Red]I believe FTI, filled in the attacks on that chart and were not actually taken, (if I'm wrong someone please correct me)....Ignored
Dislikedthank you auxesis, i forgot the fti chart, at first i was thinking it was a joke (to let us know that posting charts is useless because we can dwaw trades after the fact.) since you post it i believe it is genuine and a great lesson.
i will remember your line charts and try to make use of the "backing and filling", i believe it is called.
[i][color=Red]I believe FTI, filled in the attacks on that chart and were not actually taken, (if I'm wrong someone please correct me)....Ignored
Disliked>I believe FTI, filled in the attacks on that chart and were not actually >taken, (if I'm wrong someone please correct me). What's important is the >concept laid out by that chart.Ignored
DislikedYes, I think you are correct. At least I have so understood too.
Rgs,
TextorIgnored
DislikedHi Textor,
great to read from you a little more often now. :-)
I remember, that fti has drawn that chart as an example, how he would have done it. It is not a blotter of a live session.
But what you can see very clear is how he would have added to his attacks, when the momentum begun to increase (candles are getting longer) and how he would have reduced his exposure, when the momentum was getting slower ...Ignored
Disliked
fti wrote "about dancing: it's realy "feeling"the market pulse (market form) using charting"
because i was thinking PA IS the dance and i have to follow (wrong), i was confused.
correct me if i am wrong.... the dance is the steps i make and i have to listen to the music/watch the charts.
Ignored
Disliked@Fana,
You see how the Euro is stalled, I was looking for Euro to react and make a good break south out of the range, it has not so there's very little vertical directional movement to trade, dont like the current PA, leaving scout in atm below enrty, but will reassess when we move.Ignored
Dislikedpulled my scout back out for the moment @17, lows are building north but still below 30 for the moment, it's about to get interesting everyone, wishing all good tradesIgnored
Disliked@Fana,
You see how the Euro is stalled, I was looking for Euro to react and make a good break south out of the range, it has not so there's very little vertical directional movement to trade, dont like the current PA, leaving scout in atm below enrty, but will reassess when we move.Ignored
Dislikedabout my thinking how MM dictates the dance (some experienced traders here said this)Ignored
DislikedExcuse me for butting in to this great thread without introductions but, from my understanding of this MO, MM does not dictate the dance, but the dance, and whether you are in step with it, will dictate the MM.Ignored