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Technical Analysis Fallacy

  • #61,261
  • Apr 6, 2020 1:25pm Apr 6, 2020 1:25pm
Quoting pannet1
a very well written article about the luckin coffee episode
Cina comp ipo, trying ababa fluke.
Beware the sting.
They dreaming.
Ahhh sweetest cafe with diabetes.
Need succeed con only once.

Inserted Video
  • #61,262
  • Apr 6, 2020 1:29pm Apr 6, 2020 1:29pm
Quoting dbrown101
{quote} hmm I always thought this was the book fti was referring to. kinda confused about this. mentioned in this post--->https://www.forexfactory.com/showthr...=1805829#reply {quote} from what I understand...Elliotts first published work was " The Wave Principle" in 1938...which Is included in the book you posted. But it not sure it contains all the info from elliotts original writings. I have not seen the originals and the only things I can find are put out and edited by Prechter. there...
Ok define wave 4 rule.

Regards
  • #61,263
  • Edited 1:50pm Apr 6, 2020 1:39pm | Edited 1:50pm
Quoting fti
{quote} Ok define wave 4 rule. Regards
wave 4 shouldnt cross into territory of wave 1...
no overlap of retracement waves meaning they are divorced?
Attached Image (click to enlarge)
Click to Enlarge Name: divorced.png Size: 24 KB
  • #61,264
  • Apr 6, 2020 2:13pm Apr 6, 2020 2:13pm
Quoting dbrown101
{quote} wave 4 shouldnt cross into territory of wave 1... no overlap of retracement waves meaning they are divorced? {image}
Hahahahaha
You said shouldn't.
You seems unsure.
Try be sure.
Use the term wave range

Regards
  • #61,265
  • Edited 2:34pm Apr 6, 2020 2:18pm | Edited 2:34pm
Big Hai song with farty sounds.
Smooth.....happy sailor
Ang mo ship arrives.
https://www.facebook.com/15470745355...3/?d=null&vh=e
  • #61,266
  • Apr 6, 2020 2:35pm Apr 6, 2020 2:35pm
Quoting fti
{quote} Hahahahaha You said shouldn't. You seems unsure. Try be sure. Use the term wave range Regards

hahah ok let me try again...

wave 4 cant cross into the range of wave 2...

my thinking is... if wave 4 crosses into range of wave 2 it is not an impulse and since there are only impulses and corrective moves, that would mean it is is some sort of corrective move... therefore non-trend move. ( also it would no longer be wave 1234 but abc ABC pattern)
  • #61,267
  • Apr 6, 2020 2:42pm Apr 6, 2020 2:42pm
Quoting fti
{quote} I am watching hope nothing big falls in england after his quarantinned. Regards
I didn't expect this...

Coronavirus: Boris Johnson moved to intensive care as symptoms 'worsen'

https://www.bbc.co.uk/news/uk-52192604
  • #61,268
  • Edited 2:59pm Apr 6, 2020 2:47pm | Edited 2:59pm
Ai yoi
Feng feifei
Most beautiful voice. RIP.

https://www.facebook.com/15470745355...8/?d=null&vh=e

Eeeeeer where'her hat?

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Everytime i see her my heart skips a bit.
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  • #61,269
  • Apr 6, 2020 2:51pm Apr 6, 2020 2:51pm
Quoting Zoran
{quote} I didn't expect this... Coronavirus: Boris Johnson moved to intensive care as symptoms 'worsen' https://www.bbc.co.uk/news/uk-52192604
Very bad news. Do you know if Johnson is diabetic or pre-diabetic? I can see from pictures of him that he is a little heavy. There are reports in the US that BMO over 30 plus diabetic is a very risky combination when Covid-19 attacks. If he goes on a ventilator, it's a worse-case situation. Praying for him...I really like him and his style.
  • #61,270
  • Apr 6, 2020 2:56pm Apr 6, 2020 2:56pm
Quoting GEfx
{quote} Very bad news. Do you know if Johnson is diabetic or pre-diabetic? I can see from pictures of him that he is a little heavy. There are reports in the US that BMO over 30 plus diabetic is a very risky combination when Covid-19 attacks. If he goes on a ventilator, it's a worse-case situation. Praying for him...I really like him and his style.
Not sure about any pre-existing medical conditions, nothing is being reported. Looks like his girlfriend also has it, and she's pregnant but seems to be on the mend. Pound took a tumble on the news.
  • #61,271
  • Edited 3:59pm Apr 6, 2020 3:03pm | Edited 3:59pm
Quoting GEfx
{quote} Very bad news. Do you know if Johnson is diabetic or pre-diabetic? I can see from pictures of him that he is a little heavy. There are reports in the US that BMO over 30 plus diabetic is a very risky combination when Covid-19 attacks. If he goes on a ventilator, it's a worse-case situation. Praying for him...I really like him and his style.

In Jesus name.
Yours the power, glory and kingdom, lord.
Amen

Not too worried.
I ve been in and out of icu like resort.
Even crw, they accidentally fed me while i on ventilator,
I sm still here.
He looks tough cookie.
Maybe just taking holiday from heavy work load after brexit. icu is very relaxing place. The nurses touch you everywhere, while you look like a robot under repair. Same like formula 1 car under test.they changing your motor oil every few hours.
  • #61,272
  • Apr 6, 2020 3:49pm Apr 6, 2020 3:49pm
Quoting fti
{quote} In Jesus name. Yours the power, glory and kingdom, lord. Amen Not too worried. I ve been in and out of icu like resort. Even crw, I sm still here. He looks touch cookie. Maybe just taking holiday from heavy work load after brexit.
Amen.
  • #61,273
  • Edited 4:43pm Apr 6, 2020 4:07pm | Edited 4:43pm
Reminds me i need go get some readings also later the day. Bloood sugar hitting 30s. Even after i pumped in 10 units insulin.
Needles day.

Inserted Video


The irony is i house bound nearly 10 years already.
Now everybody housebound.
Me i can go out anytime. Just tell em i going hospital. Hahahaha no one dares stop me.
World upside down.
Any one stares at me i just need cough, they quickly gets out of my way.
20 years i coughed and no one bothers.
Now i cough and every one quickly gives way.
Powderful, the cough.

Regards
  • #61,274
  • Edited 5:19pm Apr 6, 2020 5:00pm | Edited 5:19pm
Quoting fti
{quote} Hahahahaha You said shouldn't. You seems unsure. Try be sure. Use the term wave range Regards
D brown lure discussion and runs.

They always want find correct count.
Keep looking for vorrect count.
Wave 4 if hangs away from 1 will be most unprofitable for me.
This because the wave confirms the trend strong.
Usually gaps away or double digits the volitility.
This snaches the opportunity snowball my position without chasing.

From my trades. The more profitable trades are that with sunken wave 4s where i canhave multiple opportunities snowball my portfolio before the real wave 4 arrives and i ride 5 fully loaded.

All the novice traders want count the waves correct.
Me i have strategy. So i have patienxe build positions while pacing the retraces.
I not expect to be correct i expect profitability at best practises.
Market predick tability is not importsnt for me.
When i catch the trend, i maximisethe attack kill.
Thats why i not like clear wave 4s. I prefer the fight.
Its much more profitable.

But of course no one understands what i saying.
Unless you rode one before.

Regards

Clean wave 4 rule markets, they manipulated by big hands.
Unmanipulated free markets seldom gives clear counts. The ciunts are normally trendy and drunken.

Mostly many only have balls trade to wave 5.
I normally trade to wave 5 with extended 5th waves. I slap with 2 hands. Unlike many i not 1 armed.

You gonna need think this one thru.
I not giving examples.
Here many fishermen who didn't read thread trying steal free lunches.
If you know my mo you know what i saying.
Bing fa.

Remember, i am not a 5th wave chaser. I trade every wave. So i don't sit twiddle thumbs waiting for wave patterns i manage and make waves.
  • #61,275
  • Edited 5:46pm Apr 6, 2020 5:24pm | Edited 5:46pm
I write the markets. I am primary dealers.
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Read waves and trade waves. Its not same thing.
Read newspaper and write news paper is not the same. Writer controls the agenda.
When i am inarkets you can bow or i WILL take u head.
Wah so arragant.
Oh its dealers flare.
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Anyway the chart how trade the 5 is given on thread. The oldtimers won't give it to you, if you cannot find it too bad. Use mind. Its in the hand held sessions.

Question
5 wave trend has 5 major legs.
How many legs has extended 5 wave trend?
  • #61,276
  • Apr 6, 2020 5:44pm Apr 6, 2020 5:44pm
Quoting fti
{quote} D brown lure discussion and runs. They always want find correct count. Keep looking for vorrect count. Wave 4 if hangs away from 1 will be most unprofitable for me. This because the wave confirms the trend strong. Usually gaps away or double digits the volitility. This snaches the opportunity snowball my position without chasing. From my trades. The more profitable trades are that with sunken wave 4s where i canhave multiple opportunities snowball my portfolio before the real wave 4 arrives and i ride 5 fully loaded. All the novice traders...

my apologies... I wasnt trying to lure discussion and run. My lady and I just closed escrow on a home today (shes excited so we ran out to look at furniture) so I have been in and out. also, I read about PM Boris Johnson and kinda thought it would be rude to push the conversation. My prayers go out for him and his loved ones to get better. Crazy times we are dealing with when not even the PM is safe from this pandemic.

Quote
I not expect to be correct i expect profitability at best practises.
Market predick tability is not importsnt for me.
When i catch the trend, i maximisethe attack kill.
Thats why i not like clear wave 4s. I prefer the fight.
Its much more profitable.

I understand what you mean. Im not looking for predictibility. I know there is no such thing. markets behave how they want reguardless of any theory. Im just looking for refinement of MO and understanding the terrain I am trading...to know thy enemy and how to strategies my response to the market changes. I seem to be doing ok in trading (for my standards) although there is much more for me to learn. I just caught the bug and want to learn more.
  • #61,277
  • Apr 6, 2020 5:51pm Apr 6, 2020 5:51pm
Quoting fti
Read waves and trade waves. Its not same thing.
I agree. Its easier to see them after they;ve formed compared to when they are forming...so to me it seems hindsight.
just thought might add to my understanding of terrain.
I think division of army (bing fa) and strategizing the terrain why the MO is powerful. Not necessarily what letter or number you give the waves.
but thought it might add understanding. but understanding moves isnt necessarily the important part. profitability is.
  • #61,278
  • Edited 6:11pm Apr 6, 2020 5:56pm | Edited 6:11pm
Quoting dbrown101
{quote} my apologies... I wasnt trying to lure discussion and run. My lady and I just closed escrow on a home today (shes excited so we ran out to look at furniture) so I have been in and out. also, I read about PM Boris Johnson and kinda thought it would be rude to push the conversation. My prayers go out for him and his loved ones to get better. Crazy times we are dealing with when not even the PM is safe from this pandemic. {quote} I understand what you mean. Im not looking for predictibility. I know there is no such thing. markets behave how...

Oh understood.

Anyway my blood sweet too high, still cannot rest.


Regards

By the way cable selling is not clever.
Unless you not afraid queen checkmate.
  • #61,279
  • Apr 6, 2020 7:04pm Apr 6, 2020 7:04pm
Quoting fti
{quote} Anyway my blood sweet too high, still cannot rest.
sorry to hear that sir. I find music is good for the mind, body and soul..

Inserted Video
  • #61,280
  • Edited 7:40pm Apr 6, 2020 7:27pm | Edited 7:40pm
Quoting fti
Reminds me i need go get some readings also later the day. Bloood sugar hitting 30s. Even after i pumped in 10 units insulin. Needles day. The irony is i house bound nearly 10 years already. Now everybody housebound. Me i can go out anytime. Just tell em i going hospital. Hahahaha no one dares stop me. World upside down. Any one stares at me i just need cough, they quickly gets out of my way. 20 years i coughed and no one bothers. Now i cough and every one quickly gives way. Powderful, the cough. Regards
You are a strong man fti. I remember when you had your heart attack and what you were saying back then, what the doctors' were saying and look, you are still here, still very strong, in the mind I can see and the reason you are still with us. Not good to hear you have diabetes but really happy you are still here, sharing and still guiding us.

When I am trading now, I hear you all the time
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