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Technical Analysis Fallacy

  • #9,541
  • Aug 11, 2009 5:08pm Aug 11, 2009 5:08pm
Quoting MaMood
Hi Friends,

I know, you do not like this kind of statistics, but find it interesting.
MaMood
Interesting to know that the only cross pair, GBP/JPY made that list.
  • #9,542
  • Aug 11, 2009 7:25pm Aug 11, 2009 7:25pm
Things are very calm...around here...
and the lady paused around 1.4150
...
coiling...coiling...
Range mode strategy in order...
but high risk because of the FED meeting.
Watch out!
Empty as water and soft as a facing wind mountain
  • #9,543
  • Aug 11, 2009 7:29pm Aug 11, 2009 7:29pm
Quoting fti
I put it to you, that, to consider your Technical Studies to be more than what they are is a "fallacy" in trading the markets, not so unlike martingale gamblers' fallacy. It can lead you to a very dark place.
Someone of like mind possibly?
  • #9,544
  • Aug 11, 2009 9:05pm Aug 11, 2009 9:05pm
I do not know...too much stuff coming out tomorrow and the lady is so quiet...I just closed my scout with a little profit...no trading tonight...fun to all you.
Empty as water and soft as a facing wind mountain
  • #9,545
  • Aug 11, 2009 9:37pm Aug 11, 2009 9:37pm
Quoting luSan
I do not know...too much stuff coming out tomorrow and the lady is so quiet...I just closed my scout with a little profit...no trading tonight...fun to all you.
Feds not going to do anything except keep the status quo, but that won't keep the markets from going idle in anticipation..... it seems the current MO as of late, lots of range then break & run and back to range...ah! the dog days of summer.

Good trading everyone.
  • #9,546
  • Aug 11, 2009 10:13pm Aug 11, 2009 10:13pm
I was going to say that I thought cable might go down later as Merv likes to talk the pound down. Then I thought the markets may have already discounted that as everyone knows this already, especially after the extension of the QE announced by the BOE. Then I realised that it doen't really matter either way with this MO as long as I stay out of the way when the news comes out.
  • #9,547
  • Aug 12, 2009 1:13am Aug 12, 2009 1:13am
Good morning Friends!

Just for info:

0611 GMT [Dow Jones] ASIAN SUMMARY: Regional stock markets mostly lower on weak U.S cue, caution ahead of the FOMC meeting outcome later in global day; financials take lead from U.S. peers, drag on markets; only Aussie, NZ shares avoid losses, China leads downside. Nikkei down 1.4%, HSI down 1.9%, Sensex down 1.3%, Kospi off 0.9%, STI down 0.4%, Taiex down 0.2%, Shanghai down 3.3%. S&P/ASX +0.2%, NZX-50 up 0.8%. Thai markets shut. Forex markets quiet pre-Fed, Japan market holiday-thinned; [...]

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #9,548
  • Edited 1:56am Aug 12, 2009 1:41am | Edited 1:56am
was out whole day yest , net prob ...
market lookin rough

edit:
notice how bull speed is reducing on daily tf ...
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To Live is the rarest thing in the world , Most people exist , that is all
  • #9,549
  • Aug 12, 2009 1:58am Aug 12, 2009 1:58am
Jus for info again:

London, August 12. The Yen has gained across the board overnight, with the fall in Chinese stock markets and the scrutiny of the state of Chinese fundamentals cited. Repatriation flows linked to the $27Bln UST Coupon payments, due August 15th, are also noted in dispatches, with Japanese orders taking USD/JPY to a 95.33 low into the European return.
The price initially looked to steady around the 95.50 mark but offers into the 95.60s stalled the initial European attempts at a recovery and spot has quickly been forced to fresh lows at 95.26. On the downside, bids trail to the figure, with the intraday option expiries at the price ) offering a additional support. [i][email protected][/i]

Disclaimer: Be aware of possible Cow Dung included ;-)
  • #9,550
  • Aug 12, 2009 1:59am Aug 12, 2009 1:59am
Quoting MaMood
Thai markets shut
Oh yeah, I forgot it was the Queen's birthday today.
  • #9,551
  • Aug 12, 2009 6:27am Aug 12, 2009 6:27am
Hi All,
Hope you had agood trading day as mine.

I am sorry, didn;t post much, as heard a lot of bad things happening in the background, of many people here , after learning some dancing , trying to cheat others of fees to learn something thats freely given.
I am so sad, about this, as apparently the group of people are the people I thought were able to survive and live off these skills for life.
its a bad day on this God forsaken earth for me.

For those honest and upstanding peopel still here. I hope you will band together, and carry the faith.

regards
  • #9,552
  • Aug 12, 2009 6:35am Aug 12, 2009 6:35am
Quoting fti
Hi All,
Hope you had agood trading day as mine.

I am sorry, didn;t post much, as heard a lot of bad things happening in the background, of many people here , after learning some dancing , trying to cheat others of fees to learn something thats freely given.
I am so sad, about this, as apparently the group of people are the people I thought were able to survive and live off these skills for life.
its a bad day on this God forsaken earth for me.

For those honest and upstanding peopel still here. I hope you will band together, and carry the faith.

regards...
fti, this activity is almost guaranteed as forex is full of snake oil salesmen. There are enough gullible people to keep them in business so I wouldn't worry about it if I was you. There are enough faithful people here to carry your teachings on.
  • #9,553
  • Aug 12, 2009 6:40am Aug 12, 2009 6:40am
http://www.rat-race-escape-artists.c...s/snakeoil.jpg

I love reading this thread..

Sonic
  • #9,554
  • Aug 12, 2009 7:06am Aug 12, 2009 7:06am
I have been 'lurking' in the background for a while now - without feeling brave enough to comment - so noting the negative aspects - this prompted my first post.
I would like to thank fti & members who are maintaining the continued input. It is a big help to people like me who are looking to continue developing knowledge & hopefully skills in their trading.
Like numerous others I have invested money into courses and indicators - to find amazingly that they worked before I paid for and tested them??? but then seemed not to with live money - "due to market changes"..
So please keep up the interesting and informative thread - it makes a difference to the day.. - and with a bit of luck and much persistence I hope eventually to be able to make trading use of what is being kindly shared..
So thanks again...
  • #9,555
  • Aug 12, 2009 7:27am Aug 12, 2009 7:27am
Quoting fti
Hi All,
Hope you had agood trading day as mine.

I am sorry, didn;t post much, as heard a lot of bad things happening in the background, of many people here , after learning some dancing , trying to cheat others of fees to learn something thats freely given.
I am so sad, about this, as apparently the group of people are the people I thought were able to survive and live off these skills for life.
its a bad day on this God forsaken earth for me.

For those honest and upstanding peopel still here. I hope you will band together, and carry the faith.

regards...
I’ve watched this same scenario play out before, A few years back a couple of special individuals who mentored shared much privately to a small group were betrayed by one who took their proprietary instructions and went public…… that individual blew up several accounts behind the scenes unknowingly to the students and paid subscribers.

Life has a funny way of balancing itself……

Sorry to say but the old adage should be written, "No good deed will go unpunished".

The real losers are those who will follow them.

Fti, thanks for sharing.

Regards,
  • #9,556
  • Edited 9:00am Aug 12, 2009 7:37am | Edited 9:00am
Quoting fti
Hi All,
Hope you had agood trading day as mine.

I am sorry, didn;t post much, as heard a lot of bad things happening in the background, of many people here , after learning some dancing , trying to cheat others of fees to learn something thats freely given.
I am so sad, about this, as apparently the group of people are the people I thought were able to survive and live off these skills for life.
its a bad day on this God forsaken earth for me.

For those honest and upstanding peopel still here. I hope you will band together, and carry the faith....
Relax...this dragon destroys those of weak of heart....
Anything good will always become a merchandise...
It is tradable....UP to a point...
The fact that people want to buy/sell it
means that they see high value.
but still...how to sell a mindset?...even trying to sell it
is a proof of not having it...

Yesterday was a good day...actually the last weeks have been perfect trading days without predictions...just allowing my developing PA feeling to decide for me what to do...could this be bought or sold? I do not think so; that is the biggest lesson I learned here. Trading is an art and it must be done from the heart.

For your teachings, I thank you a thousand time.
Empty as water and soft as a facing wind mountain
  • #9,557
  • Aug 12, 2009 7:45am Aug 12, 2009 7:45am
Quoting fti
Hi All,
Hope you had agood trading day as mine.

I am sorry, didn;t post much, as heard a lot of bad things happening in the background, of many people here , after learning some dancing , trying to cheat others of fees to learn something thats freely given.
I am so sad, about this, as apparently the group of people are the people I thought were able to survive and live off these skills for life.
its a bad day on this God forsaken earth for me.

For those honest and upstanding peopel still here. I hope you will band together, and carry the...

Hi FTI,

I'm sorry to read this, but isn't a surprise, at least for me.

People are as batteries, they have a positive and a negative side.
Without the poles, doesn't work.

Kind regards,

Textor
  • #9,558
  • Aug 12, 2009 8:10am Aug 12, 2009 8:10am
hmmmh - sounds like the same old story:
After some peaceful and productive weeks this thread got disturbed by a very special type of rumours.

Makes me very sad ...
Kindergarten!

CU,
MaMood

p.s.: Seems some of us have to ponder about their scorpions and their mindset ....
  • #9,559
  • Aug 12, 2009 8:14am Aug 12, 2009 8:14am
Quoting fti
Hi All,
Hope you had agood trading day as mine.

I am sorry, didn;t post much, as heard a lot of bad things happening in the background, of many people here , after learning some dancing , trying to cheat others of fees to learn something thats freely given.
I am so sad, about this, as apparently the group of people are the people I thought were able to survive and live off these skills for life.
its a bad day on this God forsaken earth for me.

For those honest and upstanding peopel still here. I hope you will band together, and carry the faith....
This is very sad to hear indeed. Once again, the actions of few on this thread ruin everything for all. I get the feeling that you might be leaving this time for good, sir. I cant say that I blame you either. I agree with Lusan, how do you sell mindset? I believe these actions are indicative of that fact, that the individuals in question truly do not understand what has been presented here in the first place.
  • #9,560
  • Aug 12, 2009 8:17am Aug 12, 2009 8:17am
Quoting MaMood
hmmmh - sounds like the same old story:
After some peaceful and productive weeks this thread got disturbed by a very special type of rumours.

Makes me very sad ...
Kindergarten!

CU,
MaMood

p.s.: Seems some of us have to ponder about their scorpions and their mindset ....
Ahh...
Our friend is back...
do not step on it...
jump jump jump!
and keep going
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Empty as water and soft as a facing wind mountain
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