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Technical Analysis Fallacy

  • #61,501
  • Apr 16, 2020 8:53am Apr 16, 2020 8:53am
Om goose.
I best stop saying errrrrrr.

Errr|rr|rrrrrrrrrrr
Burp.
https://www.taiwannews.com.tw/en/news/3914827

Eeer burp can?
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  • #61,502
  • Apr 16, 2020 9:15am Apr 16, 2020 9:15am
Wah my fone.

https://www.facebook.com/11159701354...2/?d=null&vh=e

Now who'svgoing microwave my brains.
WHO?

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  • #61,503
  • Apr 16, 2020 9:19am Apr 16, 2020 9:19am
Quoting fti
Om goose. I best stop saying errrrrrr. Errr|rr|rrrrrrrrrrr Burp. https://www.taiwannews.com.tw/en/news/3914827 Eeer burp can? https://youtu.be/lCCwBYcPads
Now that made me laugh!
  • #61,504
  • Apr 16, 2020 9:20am Apr 16, 2020 9:20am
Quoting fti
{quote} So what was the ranting about needing algo about? Algos are computer codes which smart kids inject into computers to.
Hello Fti,

Thank you for your kind reply and the information on algos. And, yes, my manners might have looked improper misleading, perhaps, - ironic in fact. That was not addressed to you. Anyway, please accept my apologies for the ambiguous ranting.

Best regards,
Exnav

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Not to Advance is to Fall Back
  • #61,505
  • Apr 16, 2020 9:29am Apr 16, 2020 9:29am
Quoting Exnav
{quote} Hello Fti, Thank you for your kind reply and the information on algos. And, yes, my manners might have looked improper misleading, perhaps, - ironic in fact. That was not addressed to you. Anyway, please accept my apologies for the ambiguous ranting. Best regards, Exnav https://www.youtube.com/watch?v=FygQ7I7tetU
Is against all i stand for.
All that i try to impart.
Morals and honour.

Is not apology thatcis needed.
Is that you understand abiut wrong mindsets.
That more important.
Is ok no need apologise. Listening to reason is enough.

Regards
  • #61,506
  • Edited 12:30pm Apr 16, 2020 10:28am | Edited 12:30pm
https://www.facebook.com/DreamAcadem...8/?d=null&vh=e

Big stick BIG STICK.
https://www.facebook.com/22757371427...sn=mo&d=n&vh=e

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  • #61,507
  • Apr 16, 2020 2:32pm Apr 16, 2020 2:32pm
Hmmm, having trouble feeling the market when it moves really slowly... seems to be doing that a lot lately and sometimes making big moves, at a snails pace. Not much feeling at all.
  • #61,508
  • Apr 16, 2020 5:38pm Apr 16, 2020 5:38pm
Quoting Zoran
{quote} Ransomware encrypts data and then asks for bitcoins for the encryption key, much more sophisticated these days, many company's data not accessible until they pay up but many don't mention it in case stock prices plunge. I know for a fact that this happens... maybe best to stay away from Windows and use Linux instead...but Linux User Interface isn't as advanced as Windows.... But this new generation of coders, seems they don't have the same discipline as the older generation... Nothing seems to work properly these days... Maybe the good ones...
Zoran, your info about *nix is bit dated. Check this out. Elementary OS and Deepin are on the top of the chart. That does not mean the man behind the small part of the OS, whose first name starts with Linus is such a generous human being as you may think. Ask FSF (Free software foundation) on what he openly says about him.

We need to run far away from Apple and Alphabet and Microsoft. That is a different world altogether. I use MX Linux as my only operating system.
  • #61,509
  • Apr 16, 2020 5:48pm Apr 16, 2020 5:48pm
Quoting fti
{quote} Oh noted. So what was the ranting about needing algo about? Was that a skid? Good acting. Had me fooled. Algos are computer codes which smart kids inject into computers to. 1.shade your prices against you while tracking your mouse movements. 2.forerun their customer orders in htf to steal few pips from the customers. In high volume billion $ total trade transactions across time they steal millions. 3.codes in handphones that send pics of you gfs to your wifes. Basically is computer viruses. Some wear white hats some wear black. All...
the military robots cannot be far from reality but in this instance they fooled us

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  • #61,510
  • Apr 16, 2020 5:56pm Apr 16, 2020 5:56pm
Quoting pannet1
{quote} Zoran, your info about *nix is bit dated. Check this out. Elementary OS and Deepin are on the top of the chart. That does not mean the man behind the small part of the OS, whose first name starts with Linus is such a generous human being as you may think. Ask FSF (Free software foundation) on what he openly says about him. We need to run far away from Apple and Alphabet and Microsoft. That is a different world altogether. I use MX Linux as my only operating system.
The Linux desktop (graphical user interface) is not too bad but not as sophisticated as Windows or MacOS. I've used Ubuntu and Red Hat desktops so I'm familiar with it but you can't beat the underlying operating system, as I tend to use it from the command line. You have to remember, that as a back-end system, it's used by most large corps, banks, etc... MacOS and iOS are both Unix, just the GUI is custom... And Android runs on Linux...

So what platform do you use to trade? Are you using a web based system?
  • #61,511
  • Apr 16, 2020 6:03pm Apr 16, 2020 6:03pm
Quoting Zoran
{quote} Hello, you are in the wrong thread, we like to do things the old fashioned way here, with our eyes, brain and feelings, and we like to be naked also... I don't think a computer will enjoy our company, even if it has AI....
i think the user is AI. Need to report this nick.
  • #61,512
  • Apr 16, 2020 9:54pm Apr 16, 2020 9:54pm
[quote=Jacque;12874355 if i curve fit EW abc retrace, i will be blind and be still in sell mode. But seeing the double bottom, + Fed actions + very strong buying and reduced downwards volality, i bought more to rescue. if it had failed, i would have scratched to cut loss at commissions only, please note that this is day chart. {image}[/quote]

hey jacque,

again sorry for late response. I have not had the time to reply till now...
Im not saying that you have to be blind and stay in sell mode just because it looks like ABC retrace. you can trade the A move, the B move and the C move...especially on the daily as its over longer periods of time (trying to do that on the 5min you'd be flipping constantly).

https://www.forexfactory.com/showthr...87#post1741087

its about understanding the move that you are trying to trade...and also whether you should rescue or not. As markets can retrace often in ABC movements...just because you have 1 higher high (or vice versa in uptrend) doesnt mean the trend has reversed yet and if you entered in the direction of wave C (Im not good at labeling waves but looks like you entered in a "possible" C of a flat correction) and then market moves sharply against you would you rescue? If you did you'd most likely be averaging against the trend. But honestly any of that can be Identified using other means of price action analysis (hip/lops, dow theory, trendlines). Maybe ewt is just a more complicated way of saying the same thing...trend analysis.

I am unsure what instrument you are trading. who knows if that is double bottom reversal yet as the neckline is not broken.
https://www.forexfactory.com/showthr...23#post1751323
may also consolodate into rectangle/flag pattern and drop lower

all of this might be a moot point due to its hypothetical nature. and theoretical discussions are probably best not discussed over the internet as much gets left out.

but in the end trade/ manage positions/ strategise / use best practices...

"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."
  • #61,513
  • Apr 17, 2020 12:04am Apr 17, 2020 12:04am
Quoting Zoran
Hmmm, having trouble feeling the market when it moves really slowly... seems to be doing that a lot lately and sometimes making big moves, at a snails pace. Not much feeling at all.
Hello Zoran,

Since I'm restricted time wise by the trade station, I swiftly look for a moving instrument and engage there, i.e. I don't marry a sole partner.
My only marriage is at home. My home is where my wife (family) lives.
Although I never negate other approaches, e.g., someone trading tics, 10 Sec charts in congestions being totally familiar with her or just patience and doing something else (a healthy one).

Best regards,
Exnav
Not to Advance is to Fall Back
  • #61,514
  • Apr 17, 2020 12:17am Apr 17, 2020 12:17am
Quoting pannet1
{quote} i think the user is AI. Need to report this nick.
Hello Pannet1,

An interesting discussion regarding cyber security. I'm trading Demo yet on Windows Vista Home... Some years ago was with an IT company (I'm neither IT nor a smart guy) and remember permanent fighting with whoever they were (spies, counterparts, smart guys). I mean that we had to protect our business from those interventions several times a day.
Some minutes ago got this:
"The most important in business is experience. When an experienced man meets a man with money, the former gets the money and the latter - the experience".
I must specify my opinion on the above mentioned - it is not my way and I don't endorse it.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #61,515
  • Apr 17, 2020 12:44am Apr 17, 2020 12:44am
Quoting dbrown101
{quote} "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."
Hello Dbrown,

Not discounting the ability/ necessity to orient in charts and feel her pulse (therefore we learn and train the basics), I'm about the same as you cited. However I will never have that muscle (500 to safe 1, with No leverage) and still not sure if I have enough. My guess is that success comes with powerful attacks provided the Rule 1 is secured.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #61,516
  • Apr 17, 2020 6:57am Apr 17, 2020 6:57am
Quoting Zoran
{quote} The Linux desktop (graphical user interface) is not too bad but not as sophisticated as Windows or MacOS. I've used Ubuntu and Red Hat desktops so I'm familiar with it but you can't beat the underlying operating system, as I tend to use it from the command line. You have to remember, that as a back-end system, it's used by most large corps, banks, etc... MacOS and iOS are both Unix, just the GUI is custom... And Android runs on Linux... So what platform do you use to trade? Are you using a web based system?
many years ago and consequent years too, i had by mistake over written the windows FAT with Linux EX2 file system, then loose all my data (though they are not worth that much). i again start over. moved from Fedoro, LFS, Ubuntu, Bodhi, Slitaz, Arch, Slax, Manjaro, Deepin and now MX Linux. I had to disagree your statement on window destkop sophistication in the context of time. I generally dont like to disagree with anyone, but here i took liberty with you, please dont misunderstand. there are 37 linux desktop desktop in the wiki, but the listing itself is dated because they did not include the most beautiful looking of them called pantheon.

Freedom from spying and usage of the my resources strictly for me only with no advertisement is a big advantage. you will surprised how we could do all our work with even a very low speed pc. for a person with less IQ like me, i would rather allow the PC to do all the repetitive work and leave the creative part of when and how much to trade to me.

Attached Image (click to enlarge)
Click to Enlarge Name: pannet1.png Size: 55 KB



Presently, I use web for placing orders but indian brokers mostly insist on windows desktop application as a fall back. I even got metatrader working in linux over wine (Windows emulator), but not these ones. More recently trading through the computer generated program that provides chart, order & trade functions, shows profit and loss and ask/bid price accordingly my convenience. i am utilizing the API provided by broker and run a python program to achieve this. today's trades, a snapshot
  • #61,517
  • Apr 17, 2020 7:12am Apr 17, 2020 7:12am
Quoting pannet1
{quote} many years ago and consequent years too, i had by mistake over written the windows FAT with Linux EX2 file system, then loose all my data (though they are not worth that much). i again start over. moved from Fedoro, LFS, Ubuntu, Bodhi, Slitaz, Arch, Slax, Manjaro, Deepin and now MX Linux. I had to disagree your statement on window destkop sophistication in the context of time. I generally dont like to disagree with anyone, but here i took liberty with you, please dont misunderstand. there are 37...
pictured above

bottom right - P&L
top right count down timer (for candle stick closing time) with audible alert
bottom middle - ask/bid
bottom left - timeframe switch
top middle - instrument name
figure - quantities traded
average price line - not shown (since all squared off)

note: since i used web to put trades, most brokers use javascript on the browser side to paint the candles. the problem with this is when we refresh the browser the last candle take a different form. some say this is because brokers back fill to correct the data. all this make trading very difficult. For a forgetful person like me i tend to forget my attack/deensive series. also sometimes order dont get filled and broker platform dont work etc etc.
pending order line - not shown (since none was pending at that time)
  • #61,518
  • Apr 17, 2020 7:23am Apr 17, 2020 7:23am
Quoting Exnav
{quote} Hello Pannet1, An interesting discussion regarding cyber security. I'm trading Demo yet on Windows Vista Home... Some years ago was with an IT company (I'm neither IT nor a smart guy) and remember permanent fighting with whoever they were (spies, counterparts, smart guys). I mean that we had to protect our business from those interventions several times a day. Some minutes ago got this: "The most important in business is experience. When an experienced man meets a man with money, the former gets the money and the latter - the experience"....


it so much resonates with trading. when an experienced trader trades, the (novice) trader with money .... somehow, i feel the ones that are attracted to FTI are good people (some left because of other reasons too). it is not a surprise that you dont endorse the statement.
  • #61,519
  • Apr 17, 2020 8:41am Apr 17, 2020 8:41am
Quoting pannet1
{quote} it so much resonates with trading. when an experienced trader trades, the (novice) trader with money .... somehow, i feel the ones that are attracted to FTI are good people (some left because of other reasons too). it is not a surprise that you dont endorse the statement.
Hello Pannet1,

As my former chief said some 30 years ago - "a good person is not a profession". Why not to be on good terms here? To me it's easier because I'm not professional trader, am doing demo and don't know if or when restart Big. Was forced to interrupt for some months due to conditions you are familiar with.
Otherwise, in my view, aren't we like competitors in a game, should I only keep awareness where is my place in the traders' food chain, of sharks and smart guys. Which is why - demo and tiny small.
Enjoy your trading and trader's capacity building path.

Best regards,
Exnav
Not to Advance is to Fall Back
  • #61,520
  • Apr 17, 2020 8:46am Apr 17, 2020 8:46am
Quoting Exnav
{quote} Hello Dbrown, Not discounting the ability/ necessity to orient in charts and feel her pulse (therefore we learn and train the basics), I'm about the same as you cited. However I will never have that muscle (500 to safe 1, with No leverage) and still not sure if I have enough. My guess is that success comes with powerful attacks provided the Rule 1 is secured. Best regards, Exnav
it is true that this is a capital game. the more money/troops you have the more strategies are available. As retailer it is important to know how to utilize leverage without overexposing your account(if that is possible). leverage is usually the killer in this game but I think it can be used responsibly if one understands the implications of using it...especially with position snowballing
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