Technical Analysis Fallacy | Page 291 | 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

  • #5,801
  • Sep 1, 2008 4:41am Sep 1, 2008 4:41am
Quoting Jimmy Jones
Perhaps I should not tell you about my desire to race open wheel race cars
Hi Jimmy,
If you are young and have it in your blood to risk, thats fine.
When you become old like me , then I only give thanks , that I see another beautiful sunrise again.

There's nothing wrong in having the stomach to take risk. I was once like that, loved the rush. Only never get reckless, don't be selfish.

regards
  • #5,802
  • Edited 5:18am Sep 1, 2008 5:01am | Edited 5:18am
Quoting fti
Hi Jimmy,
If you are young and have it in your blood to risk, thats fine.
When you become old like me , then I only give thanks , that I see another beautiful sunrise again.

There's nothing wrong in having the stomach to take risk. I was once like that, loved the rush. Only never get reckless, don't be selfish.

regards
I appreciate your concern.

I would not say I have it in my blood to just take risks, but I do feel ok with taking what I consider to be calculated risks. I like to think that without any kind of risk there is no reward worth having.

And I am trying to approach forex with a much more conservative risk appetite than the one that would see my racing cars and flying airplanes

Anyway, I'll quit pulling the thread off topic, I have started from the beginning again and working my way through for better understanding and clarification.

I feel like I showed up at a party late. Everyone seems tired and ready to go home now after 9 months of learning
  • #5,803
  • Sep 1, 2008 5:28am Sep 1, 2008 5:28am
Quoting Jimmy Jones

I feel like I showed up at a party late. Everyone seems tired and ready to go home now after 9 months of learning
Jimmy we are still here...but all at different stages in the archives
This will be one awesome thread when we are all on the same page dancing the same dance...

I agree with you those gliders are beautiful...a lot less noisy than the jets I am used to. I live 30minutes from airforce base and always think of fti when they are doing night manourvers over the bay. Wish we lived in a world where they weren't necessary..

Please don't apologize for going off topic ...this thread has a heart and soul and it's nice to know the people you're training with.

joy
  • #5,804
  • Edited 7:01am Sep 1, 2008 5:37am | Edited 7:01am
Inserted Video


Inserted Video


Happy LABOUR day.

regards
  • #5,805
  • Edited 8:56am Sep 1, 2008 8:01am | Edited 8:56am
Inserted Video


Inserted Video
  • #5,806
  • Sep 1, 2008 1:22pm Sep 1, 2008 1:22pm
Quoting Leigh
Since I see fti is back, there is no need for me to continue posting the chat session logs unless he wants me to, so you are now back in his hands.
I should be more specific about why I posted the above ...

As I have been editing the chat logs to take out all our idle chit-chat (like discussing pets, our spouses/families, discussing the goings-on in this thread, lol, etc. etc.), I came across some concerns of fti's about disclosing certain things, thus I'm not sure if he would want me to continue posting the chat session trainings.

When he originally told me I could share them with whomever I wanted, he hadn't yet gotten too far into this thread yet (it was earlier on in November), so from my December chat logs, he might have changed his mind after seeing what went on in this thread. I dunno.

However, since then (our chat sessions in November and December 2007), he has disclosed more and more of things he probably hadn't intended to, so his concerns may not apply anymore. So, I'll have to go through the chat sessions more carefully and probably reread this entire thread again to make sure he has brought up the subject on his own (like he did with the smas and patterns), so that I won't be disclosing anything that he still might not want to share in an open forum (as he had mentioned a few times here).

If he is not yet finished with his training here, it best that he continues unless, as I mentioned, he is okay with me posting more of the chat sessions.

I can see that not everyone has yet grasped everything. I don't know if we ever will, because there are probably some things he just can't disclose due to his bank protocol or whatever. He did mention here before, that there is a method that he keeps just for himself, lol.

Anyway, that's more accurately why I posted what I did, just so you are all clear on the reason.
  • #5,807
  • Edited 5:51pm Sep 1, 2008 3:25pm | Edited 5:51pm
Here's snippets from my email and chat logs where you gave me permission to share your info, fti, so hopefully the "Michelle" video you posted wasn't posed at me, lol

I have included the dates of the email/chats so you can verify them with your own copies to double-check what was said.

The following snippet is from an email dated November 21, 2007, "Subject" header: "logs"

Quoting email
You are at liberty to share what you have learned, with whomsoever you wish
The following is from chat session log dated November 25, 2007. I had originally stripped it out of the one I posted here, cuz I'm editing out what's not important to the flow of the ride-along trainings, otherwise everyone will be having to read through all the unnecessary verbiage which would add hours on to their reading.

Quoting from chat log
[21:04] lww: Oh, btw ... I sent you an email regarding if you're okay with my having mentioned about your "method/strategy". Was that okay, or do you want me to edit my posts and not mention that?
[21:04] fti: you see I normally try to make smallpips here and there to use it for positions overnight which will onlybe the scout position
[21:04] fti: without stop loss , soneed cushion
[21:05] fti: its ok, not to worry , nothing to hide
But, I will respect your wishes if you do not want me to disclose any more chat sessions, if your views about that has changed.

I will wait for your go-ahead. If I do not receive a response, then I will not continue posting them, as I will assume you haven't approved.

P.S. Please know that any of the previous chat session logs I have already posted here have nothing that you haven't already disclosed yourself prior in this thread (the chat logs just make them clearer to understand). I made sure of that even before you posted that "Michelle" video, lol.
  • #5,808
  • Sep 1, 2008 8:04pm Sep 1, 2008 8:04pm
Quoting leighsww
Since I see fti is back, there is no need for me to continue posting the chat session logs unless he wants me to, so you are now back in his hands.

Take care and good trading.
Hey Leighsww please dont be so quick to head out, your post are very much appreciated and helpful.

Sometimes even though one hears the steps to take the connection is not made until mentioned from a different angle and thats what you did when you reviewed the chat. I believe since you had hand held sessions with fti you can do the same in other areas just as in times past.

So, if the timing is right why dont you stick around, your missed anyways.
  • #5,809
  • Sep 1, 2008 8:34pm Sep 1, 2008 8:34pm
For the exception of being a bull market its hard to get a feel for the market, maybe I'm trying to make more of it than is really there.

It was a good day, made from proper mm and rescues when needed.

Can anyone tell me or refer me to what was maybe read somewhere my question being, why in times past just the mention of hurricane in the gulf oil price would increase and today a hurricane runs up through all these oil platforms and theres no increase what so ever ?
  • #5,810
  • Sep 1, 2008 8:39pm Sep 1, 2008 8:39pm
Quoting lilpip
For the exception of being a bull market its hard to get a feel for the market, maybe I'm trying to make more of it than is really there.

It was a good day, made from proper mm and rescues when needed.

Can anyone tell me or refer me to what was maybe read somewhere my question being, why in times past just the mention of hurricane in the gulf oil price would increase and today a hurricane runs up through all these oil platforms and theres no increase what so ever ?
Lilpip,

The expectations were for Gustav to be in the high 4 or 5 category, when it came on shore in Louisiana, main target was New Orleans, instead the hurricane lost power and went more west, that didn't lessen the the oil productions so much but was more psychological as the worst case scenario was another Katrina like disaster.

Basically it wasnt as bad as expected and other than just getting the platforms back running there will not be any real halt in production.

However as we speak there are two more hurricanes forming in the Atlantic, the 1st is predicted to hit Florida/Georiga the 2nd is too far out to project atm.
  • #5,811
  • Sep 1, 2008 10:00pm Sep 1, 2008 10:00pm
hello everyone

auxesis...hope you are well away from cyclone area

In regards to oil question I would think that as m/east greater producer/exporter than US ...perhaps why not such an impact on prices at moment?

please correct me if totally wrong..all help appreciated

joy
  • #5,812
  • Sep 1, 2008 10:17pm Sep 1, 2008 10:17pm
Louisiana has the LOOP, Louisiana Offshore Oil Port. For oil coming into the US a good deal of it comes through this port, it's able to handle the big supertankers that cant get into some of the other inland ports.

So if this gets shut down or damaged, it puts a big backlog in production and distribution.

Oil is very volatile as of late, alot of money in the black gold, so any change of mental state or scare, (hold on to your hats if we have any Middle East tensions) sends the price up and down in a hurry.

a

http://www.reuters.com/article/envir...30260020080805

at the moment it's shut down

http://www.loopllc.com/f1.cfm?n=1
  • #5,813
  • Sep 1, 2008 11:17pm Sep 1, 2008 11:17pm
[quote=auxesis;2195548]Louisiana has the LOOP, Louisiana Offshore Oil Port.

auxesis...thanks for info, I didn't consider the imports

joy
  • #5,814
  • Sep 1, 2008 11:19pm Sep 1, 2008 11:19pm
THIS IS IMPORTANT.

SO WHO"S RIGHT AND WHO"S WRONG?

regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: yenbrojker1.jpg Size: 72 KB
Click to Enlarge Name: yenbrojker2.jpg Size: 54 KB
Click to Enlarge Name: yenbrojker3.jpg Size: 45 KB
  • #5,815
  • Sep 1, 2008 11:31pm Sep 1, 2008 11:31pm
Quoting fti
THIS IS IMPORTANT.

SO WHO"S RIGHT AND WHO"S WRONG?

regards
the top one indicates stop hunting ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #5,816
  • Sep 1, 2008 11:50pm Sep 1, 2008 11:50pm
Quoting maheswara
the top one indicates stop hunting ...
I think fti is referring to the discrepancy between charts ... the data is different. I know we have discussed this b4 and to us small players it doesn't really matter but to fti it does..

I trade what I see and have been going ok but I don't compare data between platforms anymore.. wish I'd had that p/bar on mine though

joy
  • #5,817
  • Sep 2, 2008 2:53am Sep 2, 2008 2:53am
hello again,
very quiet in here tonight.... I suppose you are all busy building your big FAT snowballs... I know i am

joy
  • #5,818
  • Sep 2, 2008 3:06am Sep 2, 2008 3:06am
Quoting joypips
hello again,
very quiet in here tonight.... I suppose you are all busy building your big FAT snowballs... I know i am

joy
Hey joy good to hear im on my way too
  • #5,819
  • Sep 2, 2008 3:23am Sep 2, 2008 3:23am
hi again

I know i will be in huge trouble for this but here goes

Take a look at daily e/u chart...very close to major up t/l
mind you I am just aware that this fortress exists and my troops will play the game needed as becomes necessary

am i forgiven for any indiscretion
I may not even have a scout in at that time let alone troops just saying it is on the horizon and my super powered binoculars have spotted i don't get in to trouble for this post.

joy
  • #5,820
  • Sep 2, 2008 3:33am Sep 2, 2008 3:33am
Hey joy

Yes looks like a major level...just see how it reacts then react...
75 traders viewing now