Technical Analysis Fallacy | Page 2951 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

  • #59,001
  • Jun 19, 2019 3:07am Jun 19, 2019 3:07am
Quoting fti
{quote} You want hor. Wave 1, AB is a reversal wave. Wave 2 abc is a retracement wave. Wave 3 is a continuation wave. So please tell me what the jim beans you labled your chart? This world have no law ka? I am not a member of communist party hor. So non inclusive. AND i don't lie. Neither can i be bribed. These days even golf culb i not a member. They want me be inclusive be swimming member. I ank them foe swimming wheel chair. The said NO HAVE. J just want you keep paying your momthly onlt Regards
Thanks for your correction and whipping, I didn't label my wave well and my question was not clear. Please below is the question I intend to ask.
Wave AB = Level 1 attack
Wave CD = Level 2 attack
Wave EF = Level 3 attack
Assuming my attacking sequence is (1, 1, 2)
At A I send the scout and it played well (Wave AB)
At C I send the checker and it played well (Wave CD)
At E I carried out my level 3 attack.

At what points should the forage be carried out on each of these levels?
  • #59,002
  • Jun 19, 2019 7:37am Jun 19, 2019 7:37am
Quoting sutivserv
{quote} Thanks for your correction and whipping, I didn't label my wave well and my question was not clear. Please below is the question I intend to ask. Wave AB = Level 1 attack Wave CD = Level 2 attack Wave EF = Level 3 attack Assuming my attacking sequence is (1, 1, 2) At A I send the scout and it played well (Wave AB) At C I send the checker and it played well (Wave CD) At E I carried out my level 3 attack. At what points should the forage be carried out on each of these levels?
Hi,

your attack sequence is mild. suited for new account with little foreign capital to risk. let's say you missed A-B.

the 1,1,2 should be pumped in somewhere between B-C retracement wave. when you sent out 1 on this retracement, likely you will be positioning for 2 levels of rescue due to bad timing. by the time it goes to C which is 100% retracement, you might be preparing to turn, but following PA shows pause and you may have waited for more clue depending on your frame of mind at that time. otherwise already cut loss.

Then impulse C-D came fast and swift and you will be closing out your rescue positions for a profit. if you are successful on this wave, you will have gather foreign capital to risk on retracement wave D-E for a possible more aggressive attack on the next impulse. but the impulse is unable break out prior leg in a significant manner. so in fact, will reduce aggressive stance and take scout as well.

will have waited for more clue on D-E as to what this lady wanna do.

the leg range of the two impulse down is 25 pips which is decent and the 2 bar volatility is high compared to the many bar retracement. it does feels that it wanna goes down. so I will still be bearish and looking to short for 3rd impulse but will reduce aggressive and maybe go 0.5,0.5,1,2 for rescue possibility within cap scope
THE ALL is MIND; The Universe is Mental
  • #59,003
  • Jun 20, 2019 12:01am Jun 20, 2019 12:01am
Quoting fti
It may be due to ignorance (being new and uniniatiated), lazyness, or just plain stubborness ( a little knowledge is a dangerous thing). Of course it is not nice for me, to tell you about those who have "a little knowledge", trying to scam those who know less than them. That's another story. Some do so, because of a very new disease discovered recently, the sickness of "the chance". If you use the Technical studies as your "Holy Grail", I have only one word for you, GAMBLER. I put it to you, that, to consider your Technical Studies to be...
Thank you, Fti. It has been worth giving one more read.
Not to Advance is to Fall Back
  • #59,004
  • Jun 20, 2019 4:17am Jun 20, 2019 4:17am
Hi FTI,

I think this is the first time I've posted here. It's been more than a decade ago since I first encounter this thread, I went into battle after reading a few hundred pages and failed miserably. Revisited the thread a year ago and found out trading is still my main interest, with spare time and capital in hand I let myself to give it another shot.
Three months into trading a live account, I have suffered some sickening defeats but just about to keep my head above the water. Antswork as they said...
The important lesson for me is the MO/MM from AOW where one shall make no mistakes and by doing so, will suffer no defeat. However, victory is always in the hand of his opponent. Only with this in mind, I can trade freely and always be cautious about the most important thing - my account(the "state").
My attacks are still weak and pathetic...hopefully one day I can enjoy the light from the other side...
Anyway, the main reason I am writing this post is to thank the wise one FTI for his contributions and generosity. I thought he was long gone and may never return but seems like his sentence on earth was not over. Haha...
Another important lesson learned from FTI is to share the knowledge and aid the others. Hopefully, I will have something to share and contribute to this thread one day.
  • #59,005
  • Jun 20, 2019 8:32pm Jun 20, 2019 8:32pm
Wow, what a week of trading, at least so far. Fti, I see you have returned to your original FF identity. Looking good. Fti I hope you are well and I'm very much enjoying seeing you back. As for trading, now waiting for a US response in Iran. If in doubt, find a seat on the sidelines and wait. Trade well everyone!
  • #59,006
  • Jun 24, 2019 9:15am Jun 24, 2019 9:15am
I've had a nice start to the week but, as usual, my timing is nothing to write home about. I hope everybody else is having a good Monday too.
  • #59,007
  • Jun 25, 2019 1:58am Jun 25, 2019 1:58am
Hi all,

fti is currently experiencing technical difficulties with his account on ff and that is why he is not posting. Twee is trying to resolve the issue, so he should be back on the thread soon. Happy trading .
Hope isn't a viable investment vehicle.
  • #59,008
  • Jun 25, 2019 3:32am Jun 25, 2019 3:32am
Quoting Jacque
{quote} Hi, your attack sequence is mild. suited for new account with little foreign capital to risk. let's say you missed A-B. the 1,1,2 should be pumped in somewhere between B-C retracement wave. when you sent out 1 on this retracement, likely you will be positioning for 2 levels of rescue due to bad timing. by the time it goes to C which is 100% retracement, you might be preparing to turn, but following PA shows pause and you may have waited for more clue depending on your frame of mind at that time. otherwise already cut loss. Then impulse C-D...
Thanks for your explanation but I have two more questions if you will not mind:
1. In Wave C-D ,in addition to forage on the capital, do you attack with more troupe at this level?
2. If the retracement wave B-C move beyond point A, what will be your MO?
  • #59,009
  • Jun 25, 2019 5:17am Jun 25, 2019 5:17am
Ahhhhhh.
THANKS TO TWEE, MY FRIEND.

AND THANK YOU TO DUTCHANGEL. For highlighting my problems to twee.

Now all is ok again.
I'm back. Hahahaha
Regards

Inserted Video
  • #59,010
  • Jun 25, 2019 5:39am Jun 25, 2019 5:39am
Inserted Video


Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190625_183901.jpg Size: 159 KB
  • #59,011
  • Jun 25, 2019 5:52am Jun 25, 2019 5:52am
Hi FTI

Good to see you back in your rightful place with full control over your thread again my friend.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #59,012
  • Edited 6:09am Jun 25, 2019 5:58am | Edited 6:09am
Quoting phil13
Hi FTI Good to see you back in your rightful place with full control over your thread again my friend. Regards Phil.
Ahhhhh my friend.

Seen any crocs recently. Hahahahaha

Regards

By the way, i was very busy recently.
Watching 2007 interview. Cantonese speeking aussie. Hahahaha. Speek england la. You only sing england interview canton???

Inserted Video


Inserted Video
  • #59,013
  • Jun 25, 2019 6:13am Jun 25, 2019 6:13am
Hi FTI

Now they have machines (algo’s) they make plenty killings.
Attached Image


Look they even now so vain they have their teeth whitened…. But not so sharp I noted.
Attached Image


Me I just a small pussy cat trying to survive in disguise.
Attached Image


Talking of cats … ahhhhh nice.
Attached Image



Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #59,014
  • Jun 25, 2019 6:15am Jun 25, 2019 6:15am
thank you chief.

Last one week I Was in CCU. have another stent. heart working 35-45%. 2 angiography in 2 weeks.
I will less active.
don't predict direction, but dance with flow of water
  • #59,015
  • Jun 25, 2019 6:17am Jun 25, 2019 6:17am
Inserted Video
  • #59,016
  • Jun 25, 2019 6:22am Jun 25, 2019 6:22am
Quoting phil13
Hi FTI Now they have machines (algo’s) they make plenty killings. {image} Look they even now so vain they have their teeth whitened…. But not so sharp I noted. {image} Me I just a small pussy cat trying to survive in disguise. {image} Talking of cats … ahhhhh nice. {image} Regards Phil.
Hahahahahaha.
Ooops shitty best in world kopi.

Regards
  • #59,017
  • Edited 6:41am Jun 25, 2019 6:25am | Edited 6:41am
Quoting priceaction1
thank you chief. Last one week I Was in CCU. have another stent. heart working 35-45%. 2 angiography in 2 weeks. I will less active.


Wah
My ef 18%latest.
Actually lower.
Dr afraid tell me real read.

Seems you coming my way.
Soon will have water problems.
Eeeeer don't blame me is ok, my friend.
How's the submamrines?
You should retire already la.

Regards.

I see you made a bomb from markets.
Pay Drs and pretty nurses??

You sent statement to james bond ka???
For your eyes only???? Hello this internet la.
Pls no ask me keep secrets.
Yesterday... . Eeer ... You......
https://www.forexfactory.com/showthr...4#post12312924

went hospital again? Ooops resort.
No worrys my friend you heart not left v exploded like me. So no worries. You no thrombus.
  • #59,018
  • Jun 25, 2019 6:42am Jun 25, 2019 6:42am
Quoting fti
{quote} Wah My ef 18%latest. Actually lower. Dr afraid tell me real read. Seems you coming my way. Soon will have water problems. Eeeeer don't blame me is ok, my friend. How's the submamrines? You should retire already la. Regards. I see you made a bomb from markets. Pay Drs and pretty nurses??
yes, retire due to the same issue.
I recall you when she uses injection, yes she was pretty, they take care of the heart.
water problems? is it due to kidney issue?
don't predict direction, but dance with flow of water
  • #59,019
  • Jun 25, 2019 6:59am Jun 25, 2019 6:59am
Inserted Video
  • #59,020
  • Jun 25, 2019 7:08am Jun 25, 2019 7:08am
Quoting priceaction1
{quote} yes, retire due to the same issue. I recall you when she uses injection, yes she was pretty, they take care of the heart. water problems? is it due to kidney issue?
No my friend.
When ef drops below 30%, your heart not able pump out the water in heart, lungs and organs.
So mostly if i drink more than 300ml water daily. I will be drowning inside.
The big probkem is need sleep sitting. Lay on back will drown. Like in jungle commando training. I am lucky i can do that. sometimes i cheat., wake up choking.

Regards
91 traders viewing now