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Technical Analysis Fallacy

  • #8,181
  • Jun 29, 2009 3:08am Jun 29, 2009 3:08am
dead scout removed,cutting loss now.

going bear now.

usd bear scout deployed eur x 14020
attack,attack,attack, Geronimo !
  • #8,182
  • Jun 29, 2009 3:23am Jun 29, 2009 3:23am
level 3 now, feeling like some swine., checking fever,temp high, oh , not worried, its the durians.

dang crosses.

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  • #8,183
  • Jun 29, 2009 3:39am Jun 29, 2009 3:39am
Both bull and bear are impulsive. Seems still need a while to sort out the situation.
  • #8,184
  • Jun 29, 2009 3:47am Jun 29, 2009 3:47am
Quoting Sirlostalot
I'm still studying.. not trading today...... but at 1st glance I would say

http://www.youtube.com/watch?v=cGwcg4g-1Ik

sorry for the interruption, good hunting all
Nope, the dang crosses got in the way.
And I am dancing to this now.
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let me rethink, mom
  • #8,185
  • Jun 29, 2009 3:49am Jun 29, 2009 3:49am
Hi FTI.

I am starting to understand your first post now. It has taken me a year of trading to get to this stage.

Quote
Having said that, I must highlight a very critical point.
And that is, for us who practice "true to the masters" methodologies.
Indicators have no capacity to be predictive, by virtue that they are derivatives of historical database.
There have been intense arguments in many the "newbie" analyst circles that historical information can predict the future supports and resistance level and lots of orders are placed at those "key" levels.
[b]From my engagements in the markets as market maker, FX spot interbank, we actually capitalise......
What do you think about using 'reverse' technical analysis? That is, picking spots where you would normally go long or short based on support and resistance, and then deliberately taking the counter intuitive trade.


So, essentially by doing that then I am following those that flush out stop losses at those levels?


So, yeah, 'reverse technical analysis'. What do you think of this idea FTI?


Please respond

edit: I have not provided specifics for a trading method in this post but just the general idea of looking for areas to stop hunt. It's a bit like me pretending that I am a big broker or firm looking for places to stop hunt and executing trades along those lines.
  • #8,186
  • Jun 29, 2009 3:52am Jun 29, 2009 3:52am
Quoting altrader
Hi FTI.

I am starting to understand your first post now. It has taken me a year of trading to get to this stage....
Thats contarian trading, dangerous stuff.
No , thanks ,destroys my mind.

regards
  • #8,187
  • Jun 29, 2009 3:54am Jun 29, 2009 3:54am
Quoting fti
Thats contarian trading, dangerous stuff.
No , thanks ,destroys my mind.

regards
ahh ok, so I'm over compensating here and still off the mark. Thanks for the response, I appreciate it.
  • #8,188
  • Edited 4:17am Jun 29, 2009 3:57am | Edited 4:17am
UP size and flipped.

Th cable cross sweeps can go to ...h
I am staying with usd bulls.
Bad opening book this monday.

Going bull, and the cable crosses can have my durian shit.
otherwise I screwed again, I'm done for the week.

sized flipped at 00

talk about crossing roads safely.

wait for that floor on the cable to crack, then we can hang those crosses asses on the wall. Anytime soon now.

Not much on the financial calender so , watch out for the crosses boys to use the sweeps. Lets see, whose muscles bigger. Remember cable liquidity is thin, let thembuild up the position, then they pay.

I'm using a whole weeks P&L to muscle the position, so becareful of yours.
  • #8,189
  • Jun 29, 2009 4:17am Jun 29, 2009 4:17am
looks little ranging to me ,
still flat for the day ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #8,190
  • Jun 29, 2009 4:20am Jun 29, 2009 4:20am
Quoting maheswara
looks little ranging to me ,
still flat for the day ...
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  • #8,191
  • Jun 29, 2009 4:27am Jun 29, 2009 4:27am
fti, monday blues?
some one just took out his war hammer!
helmets on!

cheers!
  • #8,192
  • Jun 29, 2009 4:31am Jun 29, 2009 4:31am
Quoting jest1081
fti, monday blues?
some one just took out his war hammer!
helmets on!

cheers!
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  • #8,193
  • Jun 29, 2009 4:43am Jun 29, 2009 4:43am
i was about to complain about monday trading.....is monday trading -ve expectation ?
  • #8,194
  • Jun 29, 2009 4:52am Jun 29, 2009 4:52am
aiyahmarklah, whats that supposed to mean?

i think on somedays the market just sucked and on other days, i suck.

i still have much much more to learn.
  • #8,195
  • Jun 29, 2009 4:55am Jun 29, 2009 4:55am
I call Monday as Black Monday. Most of the markets are not back from weekend yet, thin and directionless. However, the BlackMonday can sometimes makes fireworks upon some big fundamental reasons. For example, some meetings such as G7 during weekend.
  • #8,196
  • Jun 29, 2009 4:55am Jun 29, 2009 4:55am
Monday Markets indeed

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have fun..
Change your Mind and you will Change your World
  • #8,197
  • Jun 29, 2009 4:57am Jun 29, 2009 4:57am
ah apologies...just ranting

ain't no suckers club here
  • #8,198
  • Jun 29, 2009 4:59am Jun 29, 2009 4:59am
Quoting jest1081
aiyahmarklah, whats that supposed to mean?

i think on somedays the market just sucked and on other days, i suck.

i still have much much more to learn.
lets teach bro ker mmakers, what spot market maker are made of.
try unwind this.
common, is that the best you can do?
I was waiting for you there.
common show me.
  • #8,199
  • Jun 29, 2009 5:06am Jun 29, 2009 5:06am
Quoting fti
lets teach bro ker mmakers, what spot market maker are made of.
try unwind this.
common, is that the best you can do?
I was waiting for you.
common show me.
hahaha fti, now it becomes more complicated. what did you mean by that?

no possies yet but my dances have been sporadic lately, too much holidays up north in the cold highlands has frozen me dancing legs.

lol spot players like me, is equivalent to sgp on the world map...dot! kekeke
  • #8,200
  • Jun 29, 2009 5:11am Jun 29, 2009 5:11am
Quoting jest1081
hahaha fti, now it becomes more complicated. what did you mean by that?

no possies yet but my dances have been sporadic lately, too much holidays up north in the cold highlands has frozen me dancing legs.
you'll see soon, I think.
You don't see , how they are using the crosses to sweep?

I am waiting for the 4 legged animal to yield?

nope not good enough, I feel no pain yet.
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