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Technical Analysis Fallacy

  • #6,781
  • May 8, 2009 12:46pm May 8, 2009 12:46pm
Quoting luSan
Guys,
I just took a job developing some crazy nanotechnology
so

Regards,

Good Luck Lusan may you have the best...

V
  • #6,782
  • May 9, 2009 1:24am May 9, 2009 1:24am
Quoting luSan
Guys,
I just took a job developing some crazy nanotechnology
so
I have no time for dancing...just enough for trend trading...
for the time being...
the best I could do is to wish you good luck.
Be carefull, there is a potential reversal on 4H.
Stick to the dancing basics
and
Happy trading to all.
Regards,
I have heard that nanotechnology will be the next major change influencing our lifestyles.

All the best luSan. Ray
  • #6,783
  • May 9, 2009 6:53am May 9, 2009 6:53am
Quoting maheswara
I just thought of something,
we all know that a down move is faster than an upmove ,
and we also assume that its because fear creeps in faster than greed ...
I just thought of it mathematically ,
like what fti sir said about the wilder's table ,
moving down percentage has greater numerical value than moving up ...
example , when gbp was 2.0 moving to 1.5 represents 25% drops in value ,
now moving from 1.5 to 2.0 represents 33% increase in value ,

thats why a drop is always faster than a rally ....
Thats a quite an interesting way to look at it, never thought of it that way.
  • #6,784
  • May 9, 2009 7:46am May 9, 2009 7:46am
Quoting 1234
I have heard that nanotechnology will be the next major change influencing our lifestyles.

All the best luSan. Ray
Actually it is already here....
in computers,
clothing,
medicine
cosmetics,
cars,
amd
lights.

We will be working on batteries made with paper.
Cool.
Happy trading.
Empty as water and soft as a facing wind mountain
  • #6,785
  • May 10, 2009 3:02pm May 10, 2009 3:02pm
We can see in near future 1.38 (regarding some infos option barier) and above 1.38 with new bad macro news seems to be a good level to sell eu and other correlated pairs. Regards all the best and i don't have any crystal ball

Be like water my friend
  • #6,786
  • May 10, 2009 5:37pm May 10, 2009 5:37pm
Quoting luSan
Guys,
I just took a job developing some crazy nanotechnology
so
I have no time for dancing...just enough for trend trading...
for the time being...
the best I could do is to wish you good luck.
Be carefull, there is a potential reversal on 4H.
Stick to the dancing basics
and
Happy trading to all.
Regards,

Hi, Lusan:


Glad to hear you got a high-tech research job. All the best wishes to you.
  • #6,787
  • May 11, 2009 12:24am May 11, 2009 12:24am
well hows everyone doing.. kinda long EU at 1.3665 now lets see where this rescue goes..

V
  • #6,788
  • May 11, 2009 12:40am May 11, 2009 12:40am
Hi friends,
Just put a scout in long at 1.3635 for the EUR/USD. Also may have to do a rescue. Waiting to see a clear direction for the day, if any.
All the best for trading. Ray
  • #6,789
  • May 11, 2009 1:49am May 11, 2009 1:49am
Long fight.... 6 hours in trading.... at the end bok was poisitive only .1%


V
  • #6,790
  • May 11, 2009 4:56pm May 11, 2009 4:56pm
Quoting indianguyinny24
Long fight.... 6 hours in trading.... at the end bok was poisitive only .1%


V
Lol I hope you learned something new
  • #6,791
  • May 12, 2009 10:55am May 12, 2009 10:55am
  • #6,792
  • May 12, 2009 5:39pm May 12, 2009 5:39pm
Quoting indianguyinny24
Long fight.... 6 hours in trading.... at the end bok was poisitive only .1%


V

... climb the high hill and to look the large distance = ego disappears ... or the market will give hard lessons.

Regards


  • #6,793
  • May 15, 2009 12:53am May 15, 2009 12:53am
heloo every body , i have read this thread for 3 week , but still dont know where and when i have to entry

can any body help to inform

and i know and understand too the risk on forex, everything can be diffrend in resuld < trade with my own risk >

thanks

regard

suma
  • #6,794
  • May 15, 2009 1:36am May 15, 2009 1:36am
just for the info ,
4h tf shows h&s in my screen (both EU n GU) ... look out for it ... this could be real ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,795
  • May 15, 2009 6:47am May 15, 2009 6:47am
Quoting sumakianlee
heloo every body , i have read this thread for 3 week , but still dont know where and when i have to entry

can any body help to inform

and i know and understand too the risk on forex, everything can be diffrend in resuld < trade with my own risk >

thanks

regard

suma
study Price Action.. not covered in this forum topic.
  • #6,796
  • May 15, 2009 7:21am May 15, 2009 7:21am
Quoting sumakianlee
still dont know where and when i have to entry
hello suma,

fti shared what he looks at to feel "the dance" when you feel or see this you know when you have to trade.

my understanding is he looks at chart formations and what price action tells him.

i try this and i hope/believe alot of screen time will teach me and you how to dance.

no easy way

have a nice weekend all
even with my eyes open i cannot see everything
  • #6,797
  • May 15, 2009 11:09am May 15, 2009 11:09am
Quoting sumakianlee
heloo every body , i have read this thread for 3 week , but still dont know where and when i have to entry

can any body help to inform

and i know and understand too the risk on forex, everything can be diffrend in resuld < trade with my own risk >

thanks

regard

suma
Hi sumakianlee

Essential is a good output (... over time, understand ... everything is in AoW).


  • #6,798
  • Edited 11:13pm May 19, 2009 10:27pm | Edited 11:13pm
After moving out from an hour of consolidation between 3585- 97 the e/u seemed to hold as she came back to test 3595 area, I'm in.
e/u
b-1 x 3595 1st rescue will be at 3585, 2nd 3565

calling it quits I have some things to get done, out @ 3618.
  • #6,799
  • May 20, 2009 12:29am May 20, 2009 12:29am
I agree that almost all indicators are lagging and worth nothing.
I personally have checked and backtested many many indicators in EAs, and none produced good results.

Even the simple moving average, couldn't hit more than 50%.
Indicators serve one purpose - to make the person who invented them popular, and eventually rich.

The only exception to the rule are the Bollinger Bands who actually contain predictive abilities.
{Promotion Removed}
  • #6,800
  • May 20, 2009 12:33am May 20, 2009 12:33am
Quoting piccolo
study Price Action.. not covered in this forum topic.
Absolutely focus on price action. Another advise is to focus on ONE pair, two max. Know the pair (s). Be an expert on them. You will get to a point where you start to become mystical with the flows. I get them from time to time. Still don't fully trust that inside voice but I am getting there. Trust me I have missed out on some great moves by not listening to that voice.

Hope that helps.
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