Technical Analysis Fallacy | Page 240 | 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

  • #4,781
  • Edited 3:29am Aug 4, 2008 3:18am | Edited 3:29am
Quoting joypips
"average lads"

my button ready to go piccolo, i promise no reaction from me again

joy
Good vibes.

oops, the walking stick moved.

back into battle gear.
Days like this , you would wish you were at the club, teeing off.
than trading.
Now I am committed, till, d do us part.

1 mistake and see, I have to suffer,


regards
  • #4,782
  • Aug 4, 2008 3:31am Aug 4, 2008 3:31am
So anyone learned anythingy today,
about focus, mindset, safety?
Floexible MM?

anyone?

regards

granny's waking up !
  • #4,783
  • Edited 4:04am Aug 4, 2008 3:35am | Edited 4:04am
Quoting fti
So anyone learned anythingy today,
about focus, mindset, safety?
Floexible MM?

anyone?

regards

granny's waking up !
Sure...boring scalping mode...
trying to stay awake...time window closing...my have to overstay!

Edit: Not really. Just collected my 0.2 %...Now I go back to bed...See you after 8:00

Lesson: be patient!!
Empty as water and soft as a facing wind mountain
  • #4,784
  • Aug 4, 2008 3:37am Aug 4, 2008 3:37am
Quoting fti
So anyone learned anythingy today,
about focus, mindset, safety?
Floexible MM?

anyone?

regards

granny's waking up !
well, i have a few takeaways. The 10mio killed ur skew. it happened when the price was drifting down, i dont know what u were thinking then but i think just killed a huge winner, i could gather that ur intention was to scale down (take profit) as the move accelates, ur basis was quite high considering the small range, it could have been a winner and u could have closed the book.

Again how important it is for one to admit defeat and take their losses like a gentlemen, we are not invincible in the market, the faster we admit defeat, the lesser the damage is. The battle might have been lost but the war is far from over.
  • #4,785
  • Aug 4, 2008 3:44am Aug 4, 2008 3:44am
Quoting fti
So anyone learned anythingy today,
about focus, mindset, safety?
Floexible MM?

anyone?

regards

granny's waking up !
The fat lady hasn't come to sing until above 5600.
  • #4,786
  • Aug 4, 2008 3:47am Aug 4, 2008 3:47am
Quoting jest1081
well, i have a few takeaways. The 10mio killed ur skew. it happened when the price was drifting down, i dont know what u were thinking then but i think just killed a huge winner, i could gather that ur intention was to scale down (take profit) as the move accelates, ur basis was quite high considering the small range, it could have been a winner and u could have closed the book.

Again how important it is for one to admit defeat and take their losses like a gentlemen, we are not invincible in the market, the faster we admit defeat, the lesser the damage is. The battle might have been lost but the war is far from over.
Thats the idea jest,

when something on position goes wrong.
head for safety first.
But of course if I had'n then It would be ok, for this incident.
But if you think like that, one day they will catch you out of sync and they have no mercy.

These guys still at it traying to shake out the USD.
And they are looking for top.
Remember your daily charts, they have quite a big upside range to play.
So it you depend on the daily chart to trade today , you will do nothing, no dance, no try.
then they will get you impatient and the moment you try with a daily outlook you will be traped.
like me I attacked early , although good attempt, 1 mistake and now I am sitting scraching my b.
this is the markets .

regards
  • #4,787
  • Edited 4:09am Aug 4, 2008 3:50am | Edited 4:09am
Look at your Eur hourly charts, many long legged ladys out to play.
they are very flirtious, and they can dance both ways, so be aware.

I am dang lucky the volitility is low , othewise I would be shitting flour by now.

I'll be considered lucky , if I can get my second attempt out flat.
days like this is the pits,
chairs get warm, tempers over heat from boredom.
But that 's the job, there is no other way,
accept it , or pay the spread.
Every dealer 's whishing for the girls to do something, and all they'll do is tease. You chase, and you're casualty.

There's one real run coming, but not unless , everyone throws up their hands from attempting. Try and see if you have the stamina to out wait them, but don't get too comfy, it can come any time, Only people with crystal balls knows when, but they are normally too late with their stop orders.

This black leggy girl ( hourly Eur chart)is gonna give th bears a headache,
Is she for real??
See the leggy black girl in the 5 mins , guess again.

They come back to my cost , and all I gotta show for it, is, that they snooked me and I just lost the marbles to jump on low volitility.

Look 5 min now leggy white girl come to the dance too.
  • #4,788
  • Aug 4, 2008 3:57am Aug 4, 2008 3:57am
Quoting fti
Look at your Eur hourly charts, many long legged ladys out to play.
they are very flirtious, and they can dance both ways, so be aware.

I am dang lucky the volitility is low , othewise I would be shitting flour by now.

I'll be considered lucky , if I can get my second attempt out flat.
days like this is the pits,
chairs get warm, tempers over heat from boredom.
But that 's the job, there is no other way,
accept it , or pay the spread.
Seems S/L sweep above 5593 and USD bulls fight back.
  • #4,789
  • Aug 4, 2008 4:01am Aug 4, 2008 4:01am
Quoting fti
Look at your Eur hourly charts, many long legged ladys out to play.
they are very flirtious, and they can dance both ways, so be aware.

I am dang lucky the volitility is low , othewise I would be shitting flour by now.

I'll be considered lucky , if I can get my second attempt out flat.
days like this is the pits,
chairs get warm, tempers over heat from boredom.
But that 's the job, there is no other way,
accept it , or pay the spread.
Every dealer 's whishing for the girls to do something, and all they'll do is tease. You chase, and you're casualty.
usd bull by gbp and yen view , y euro not followin im not sure ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #4,790
  • Aug 4, 2008 4:07am Aug 4, 2008 4:07am
Quoting fti
So anyone learned anythingy today,
about focus, mindset, safety?
Floexible MM?

anyone?

regards

granny's waking up !
thanks for the opportunity to witness, rdo today and although have not placed a trade myself am exhausted from watching the master in action

thanks fti

joy

ps have a headache and need a drink
  • #4,791
  • Aug 4, 2008 4:13am Aug 4, 2008 4:13am
oh and one more thing fti,

u threw in a 100, i mean literally reversed ur position. and the market went to 600.

by e time u scaled down, the news must have reached the pits. lol
  • #4,792
  • Aug 4, 2008 4:15am Aug 4, 2008 4:15am
See the river dividing the log leggeds , that is a ray of relieve, so londg it doesn't do an island crossing , there may be a USD bull run. but don't be expecting no stampede.
  • #4,793
  • Aug 4, 2008 4:22am Aug 4, 2008 4:22am
Quoting fti
See the river dividing the log leggeds , that is a ray of relieve, so londg it doesn't do an island crossing , there may be a USD bull run. but don't be expecting no stampede.
hi, fti.

Foget about fig effect, I observed that E/U congested in this narrow band for 4 days up to now!

Big sharks are obsorbing more dollars before true move, or is it a congestion for a rebound?
  • #4,794
  • Aug 4, 2008 4:28am Aug 4, 2008 4:28am
Quoting Green_David
hi, fti.

Foget about fig effect, I observed that E/U congested in this narrow band for 4 days up to now!

Big sharks are obsorbing more dollars before true move, or is it a congestion for a rebound?
Hi David,
can't say for sure, unless I had seen the order flows.
But absorbing the $ is right , I suspect, look at those engineers engineering the Yen crosses.'
Yen, she has quietly gone into the USD.
if you lookat the usd/yendaily, you see that thisis a good place to buy and buy US then after a good meal, a nudge and the sitting duck will do all the ru work.
Really I see much crosses going on, wish Icould see the paper flow.

Lets see if the figs tonight can provide the impetus, for now I am trying to get out with my head intact.

This is seige. And the fool me , is the stooger.
All because of 1my mistake.
Otherwise with some foreign cap, I could dance.
Now I'm two left footed.
Talk about the mindset, if you loose tempo, this is what happens.

Ok 1st attempt, coming.
  • #4,795
  • Aug 4, 2008 4:37am Aug 4, 2008 4:37am
Quoting fti
Hi David,
can't say for sure, unless I had seen the order flows.
But absorbing the $ is right , I suspect, look at those engineers engineering the Yen crosses.'
Yen, she has quietly gone into the USD.
if you lookat the usd/yendaily, you see that thisis a good place to buy and buy US then after a good meal, a nudge and the sitting duck will do all the ru work.
Really I see much crosses going on, wish Icould see the paper flow.

Lets see if the figs tonight can provide the impetus, for now I am trying to get out with my head intact.

This is seige. And the fool me , is the stooger.
All because of 1my mistake.
Otherwise with some foreign cap, I could dance.
Now I'm two left footed.
Talk about the mindset, if you loose tempo, this is what happens.

Ok 1st attempt, coming.
Yes. Maybe the fat lady will sing during US session and tell us the true story. btw, gold has dropped 5 dollars since beginning of European session.

Maybe E/U downbreak 74 is good timing to attack.
  • #4,796
  • Edited 5:03am Aug 4, 2008 4:46am | Edited 5:03am
Quoting Green_David
Yes. Maybe the fat lady will sing during US session and tell us the true story. btw, gold has dropped 5 dollars since beginning of European session.

Maybe E/U downbreak 74 is good timing to attack.
don't know my friend. better feel her.
what are you gonna do if she triggers the stops sell and comes back to 82 to flirt.
If you are determined with good game plan then you may give tit a try.
I am too heart broken for now to flirt with her.

Wait lets see if I get my ryhthm back.
Ah ha , three black crows in the making.

No cigar.

B x 2 x 77

So did you get you 74?
  • #4,797
  • Aug 4, 2008 4:58am Aug 4, 2008 4:58am
I love it when you talk candles!
Good Trading
  • #4,798
  • Aug 4, 2008 4:59am Aug 4, 2008 4:59am
wow the girls have come out to play, im seeing legs on the daily, hourly...oh my across a few pairs. Men, watch and dont be seduced by those sexy legs... oh my some are doing splits
  • #4,799
  • Aug 4, 2008 5:00am Aug 4, 2008 5:00am
Quoting fti
don't know my friend. better feel her.
what are you gonna do if she triggers the stops sell and comes back to 82 to flirt.
If you are determined with good game plan then you may give tit a try.
I am too heart broken for now to flirt with her.

Wait lets see if I get my ryhthm back.
Ah ha , three black crows in the making.

No cigar.

B x 2 x 77
my scout 78, attack L1 72. I was preparing rescue if broken 5600. If it went down-broken 64, I may feel it is safe to attack more, so as have some positions with +pips already.

Anyway, the profits from G/U have made my book in the money until now.

Don't know. Maybe 8:30 US session may give us nice suppLies.
  • #4,800
  • Aug 4, 2008 5:08am Aug 4, 2008 5:08am
Quoting jest1081
wow the girls have come out to play, im seeing legs on the daily, hourly...oh my across a few pairs. Men, watch and dont be seduced by those sexy legs... oh my some are doing splits
Ok, ok jest , don't get carried away,
we got ladies amongst us.\

OMG, look at the daily Eur chart , whole day , we hardly moved.

positon recap
S x 3 x 76

Sorry jest, they just flirting, nothing serious, no dance yet.
14 traders viewing now