Technical Analysis Fallacy | Page 191 | 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

  • #3,801
  • Jul 23, 2008 5:47am Jul 23, 2008 5:47am
Quoting jest1081
picollo,

1. You booked a 20point loss.
2. You did not choose to attempt a rescue procedure, if you went a few lots more long at 900, so you re-averaged your position instead and could prly have conducted a clean rescue.

From my point of view, when you went long at 950, you were already wrong about the market direction when it went to 930, instead of rescuing you decided to drop out at 930, essentially, you are merely booking a loss and now awaiting for 900 to go long, if price reaches 920 after you went long again, you merely broke even. Its two different trades alltogether.

regards
jest
just a short comment since I have to leave

1. I would kill the scout and revert: I mean close @ 940-935 and enter in the opposite direction...why? because this is not a 5M mis-timing...(only rescue are allowed on 5M mis-timing) so I do not rescue but if I see that scout is crazy and going the wrong way..."the war is north and his going south"...he is a deserter and deserve to die...

2. For me a trade is a complete campaign. It is divided in 3 parts that I call waves..scout is 1st wave, then 2nd, and 3rd...very rarely I have a 4th...maybe when I have more experience...so killing the scout is not killing the trade but bleeding my book.

3. When I kill the scout and do not revert is only because the general is totally confused...he does not know what to do...He must wait until he recover his mindset...I believe that is what fti says.

so I would kill the man, reenter against the dead scout with the 2nd and 3rd waves and collect my profit at 900 and if I have time reenter in the opposite direction with a new scout...Collect booty in both directions. Overall it would be 35 pips one way and 35 pips the other wait. That is better than waiting, right?

This is my 2 cent...have fun
Empty as water and soft as a facing wind mountain
  • #3,802
  • Jul 23, 2008 6:19am Jul 23, 2008 6:19am
Quoting fti
Hi Zoran,



This reminds me of the story about a man who, being afraid of dying from cholesterol doesn;t eat eggs nor drink milk, only to be killed by a truck........................................................................................
...........................................................................................
...a dairy truck.

regards

  • #3,803
  • Jul 23, 2008 6:19am Jul 23, 2008 6:19am
Quoting luSan
just a short comment since I have to leave



This is my 2 cent...have fun
Hey, Lusan,
Going for interview?
Good Luck and "break a leg", my friend.

regards
  • #3,804
  • Jul 23, 2008 6:46am Jul 23, 2008 6:46am
Quoting luSan
...
so I would kill the man, reenter against the dead scout with the 2nd and 3rd waves and collect my profit at 900 and if I have time reenter in the opposite direction with a new scout...Collect booty in both directions. Overall it would be 35 pips one way and 35 pips the other wait. That is better than waiting, right?

This is my 2 cent...have fun
First of all I wish you good success for your job Interview!!!.

@fti and others ...

What luSan describes above. Isn't it the typical behavior of the "pig"?
Changing the directions from long to short and back?
If not, what then means the often cited pig in difference to the bears and bulls??
  • #3,805
  • Jul 23, 2008 7:00am Jul 23, 2008 7:00am
I'm curious for what kind of dance the US ladies will ask us now ...
  • #3,806
  • Jul 23, 2008 7:02am Jul 23, 2008 7:02am
Quoting fti
I guess in many ways , if I gave up all my little vices in life, I will miss out on all things that the creator had made in his creation. One of which would be Eve. But if I could stir clear of Lillith then all should be OK.

This reminds me of the story about a man who, being afraid of dying from cholesterol doesn;t eat eggs nor drink milk, only to be killed by a truck........................................................................................
...........................................................................................
...a dairy truck.

regards
Yes, I hope you are referring to "Lilith" as a packet full of those little sticks you put into your mouth because I can assure you, they aint no eggs or milk! In fact, she looks more like a dairy truck in compressed form.

I believe Leigh and I can clearly see your scorpions fti - so I just hope you can squash them and spend those extra years sharing your wisdom with us all here - and enjoying the true pleasures of life that our creator has given to us.
  • #3,807
  • Edited 8:01am Jul 23, 2008 7:20am | Edited 8:01am
Quoting Zoran
Yes, I hope you are referring to "Lilith" as a packet full of those little sticks you put into your mouth because I can assure you, they aint no eggs or milk! In fact, she looks more like a dairy truck in compressed form.

I believe Leigh and I can clearly see your scorpions fti - so I just hope you can squash them and spend those extra years sharing your wisdom with us all here - and enjoying the true pleasures of life that our creator has given to us.
Hi Zoran,
I searched the net and this is the closest I can find to my reference.

http://www.tylwythteg.com/dynionmwyn...hirteen13.html

Be aware there was a brief reference about her in the bible.
King James version.
The newer translations, mistranslated it.

There must be more about her, on the net, but sorry I no geek.

Samuel was a angel of God's creation, the most beautiful of them, the angel of light aka "morning star" but he rebelled and was renamed Satan, the angel of darkness..Just for info.

There's more info about it in the Jewish "Torah" , The books of Genesis (Moses), if you like "The Creation'.

Since we are on the subject, you may like to read "The Book of Adam and Eve." also Little Genesis "jubilee". Most enligtening, it carries until Cain.

Alternative source for info may be at the vatican library, I think limited access.


regards
  • #3,808
  • Jul 23, 2008 7:22am Jul 23, 2008 7:22am
Quoting MaMood
First of all I wish you good success for your job Interview!!!.

@fti and others ...

What luSan describes above. Isn't it the typical behavior of the "pig"?
Changing the directions from long to short and back?
If not, what then means the often cited pig in difference to the bears and bulls??
Hi MaMood,
Absolutely, on the money.
I was just about to point it out to him, when he left for his errants.

Hope he can learn , without having to pay too much for it.

regards
  • #3,809
  • Jul 23, 2008 7:55am Jul 23, 2008 7:55am
Now I'm squared.
Took last USDJPY long scout out.
Have to wait till i get the new rythm of this US dance ....
  • #3,810
  • Jul 23, 2008 8:05am Jul 23, 2008 8:05am
Inserted Video
  • #3,811
  • Jul 23, 2008 8:08am Jul 23, 2008 8:08am
hello fti, i read your post and its wonderful.i am a newbie at forex trading, infact i just started my live account this year, few months ago but i have been demo trading since last year.i want to ask you a question...' WHAT STYLE DO YOU USE IN TRADING'..i mean what indicators and what things do you do, you never mentioned anything about it in your post. i hope you will reply me...happy pips taking.
  • #3,812
  • Jul 23, 2008 8:13am Jul 23, 2008 8:13am
That was my understanding of Lillith fti. I did a quick search on the Internet and then made the reference to a packet of those little sticks.

Anyway, you have given me a link to the night creature and the illuminati. Is the story of Lillith the root?

Also, have you watched Zeitgeist on Religion? Any comments on that?
  • #3,813
  • Jul 23, 2008 8:20am Jul 23, 2008 8:20am
Quoting bjpumping
hello fti, i read your post and its wonderful.i am a newbie at forex trading, infact i just started my live account this year, few months ago but i have been demo trading since last year.i want to ask you a question...' WHAT STYLE DO YOU USE IN TRADING'..i mean what indicators and what things do you do, you never mentioned anything about it in your post. i hope you will reply me...happy pips taking.
Hi bj,

Please read the whole thread carefully.

regards
  • #3,814
  • Edited 9:04am Jul 23, 2008 8:43am | Edited 9:04am
Quoting Zoran
That was my understanding of Lillith fti. I did a quick search on the Internet and then made the reference to a packet of those little sticks.

Anyway, you have given me a link to the night creature and the illuminati. Is the story of Lillith the root?

Also, have you watched Zeitgeist on Religion? Any comments on that?
Hi Zoran,
I typed a reply, but it is lost, wonder why?

I think I did post a link about Z, the chapter on monetary System.

Zoran, in the Yin Yangs of life, within the truth is the deception, and within the deception, the truth.

as Christ taught, in such predicament, if it slaps you on the right cheek, offer the left.
For things beyond me, I just kneel and pray.
again
Inserted Video


regards

Moving!
  • #3,815
  • Jul 23, 2008 8:56am Jul 23, 2008 8:56am
For your info:

Just keep your eyes open and your fingertips at the pulse of the market - Paulson is speaking again ...
  • #3,816
  • Jul 23, 2008 9:03am Jul 23, 2008 9:03am
Quoting fti
Hi Zoran,
I typed a reply, but it is lost, wonder why?

I think I did post a link about Z, the chapter on monetary System.

Zoran, in the Yin Yangs of life, within the truth is the deception, and within the deception, the truth.

as Christ taught, in such predicament, if it slaps you on the right cheek, offer the left.
For things beyond me, I just kneel and pray.
again http://www.youtube.com/watch?v=7I5XgIbipqQ

regards
I sometimes lose my typing also - by pressing the wrong keys - but perhaps some other force is doing it? It usually tends to be something important.

Yes, I watched Z on the federal reserve and thought it was well made so I decided to watch all of them, including the one on religion. Now that one looked convincing also but seems to go against the bible - therefore my thoughts of the plot to destroy religion.

Here is the link -
Inserted Video


With your great knowledge on this subject, I was wondering what you thought of it.
  • #3,817
  • Jul 23, 2008 9:15am Jul 23, 2008 9:15am
Quoting MaMood
For your info:

Just keep your eyes open and your fingertips at the pulse of the market - Paulson is speaking again ...
Thanks for the heads up, MaMood.
  • #3,818
  • Edited 11:06am Jul 23, 2008 10:07am | Edited 11:06am
Quoting Zoran
I sometimes lose my typing also - by pressing the wrong keys - but perhaps some other force is doing it? It usually tends to be something important.

Yes, I watched Z on the federal reserve and thought it was well made so I decided to watch all of them, including the one on religion. Now that one looked convincing also but seems to go against the bible - therefore my thoughts of the plot to destroy religion.

Here is the link - http://www.youtube.com/watch?v=BNf-P_5u_Hw

With your great knowledge on this subject, I was wondering what you thought of it.
Hi Zoran,
Sorry , alittle late, mkt was a little scary.
Build the skew like lorry load, at last got out fine.

ok, about the religion part,
you see, when a car head light shines on a reflective surface.
when, we see the mirage.We can come to many assumptions.
We can hypotasyse , but it will never be the truth.
There are much things beyond our capacity to understand,
and we try from our perspectives to guess,
again we may not be so far off, but cold it be the truth?

The creator, he works in myterious ways,
So to understand may be beyond us.
Its alright to speculate, but as in trading.
We must never be too cock sure about that we have the answers.

It may slowly be reveiled to us over time.
And we must have an open mind to accept.

Just like now we know that the earth is not flat.
Creation is not our business,
If we want to poke at it , to learn and use the knowledge to dominate.
Then we had better have an open and unjudging mind.

Truth has many dimensions.

When Christ came , I wasn't around.
By my instincts and feel and the pureness of his teachings esp from the testimony in the book of Matthews, I believe.
Neither can I see air.I do use it.

More important , do I harm, anyone practising God.s will.
No,
Do I harm myself and my family ?
No,
God forbide there may be those who would like to twist things about to confuse, (divide and conquer) but thats for them.
If you try to understand Christ's life, you will see the pureness. Is this real ? I can't say for sure. But all I can say is that knowing him, brings joy in my life. For me thats God's gift.

For me Christ's commandments.
So easy and pure.
1.Love your creator with all your heart and soul.
2. Do onto others as you want them to do onto you.

this encompasses all of God's Will for mankind.
Comlpication only arises, when man trys to impose mans will on all , man and God. Thats rebellion.

regards

PS:I am not man of great knowledge.Just a man of little knowledge, enjoying the grace of his creator. And I will NEVER judge God, my creator by the works of man.

again
Inserted Video

listen to the lyric , very carefully.
  • #3,819
  • Jul 23, 2008 11:29am Jul 23, 2008 11:29am
Lilith? Hummm..... there's a subject of conversation you dont see everyday. Kinda goes against modern day biblical interpretation, imho.

great day everyone.

a
  • #3,820
  • Edited 11:43am Jul 23, 2008 11:32am | Edited 11:43am
Hi ALL,
Today's market is abit hard, got out with the skin of my teeth.

The fed's spoken, they are changing monetart policy.
so now everyone's wondering.
Is this for real or just lip service?
Then the EU is in hawkish monetart stance.
Even if the feds hike 25 basis.
Would the EU reciprocrate?

First we must see some goodwill from the feds, huh.
And the markets get more and more confused.
Divide and conquer. thats the strategy.
So now its any one's guess.

For us , we must feel the market and see how it feels,
it will be different in different times, so be very nimble.
If greed plays, then it pays.

Battlestations.

for now I think the jap are still buying the USD, quietlly,
and USA and Eur are suitors for the Yen injection. Lets see if this is the case.
Flow like the river, my friends
Oh forgot, Chart wise , the USD bulls still dominates.
So bias is Bul USD until the dance sentiments changes.


regards
16 traders viewing now