Technical Analysis Fallacy | Page 561 | 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

  • #11,201
  • Nov 5, 2009 11:17am Nov 5, 2009 11:17am
Hi All,

A sticky thread was hightlighted to me recently.
I had perused, and I find that although a little of the info was not detailed accurate, that in essense it behoves traders to at least know this info in general.Its a birds eyeview of market structure.

here on ff is the thread by Darkstar.
http://www.forexfactory.com/showthread.php?t=7484


regards

I am off for a while from today. Good Fortune all.
  • #11,202
  • Nov 5, 2009 11:19am Nov 5, 2009 11:19am
Quoting GEfx
Yep, the market is not following through. Maybe everyone is waiting for NFP tomorrow morning. The job numbers announced today in the US indicate an easing in job losses, but productivity was at a record pace of over 9%, which means jobs are not coming back anytime soon. A little confusing right now so on the sidelines until it is clear to me. Trade well everyone.

Novicetrader: suggest you invest more time reading this thread. After doing so, the answer to your recent question will be obvious. Best wishes.

Just for info my friend,
market was capped by CB.

regards
  • #11,203
  • Nov 5, 2009 11:25am Nov 5, 2009 11:25am
Feels like the green money is heading for it's worst value so far. And it seems that Fed and the rest of the central banks don't mind that at this point. I can understand Fed (well, all that debt needs to be paid at one point or another, so it better be done with cheep dollars) and maybe UK. ECB makes no sence to me however...
Is it just me or it feels like the EUR will reach 1:1 with the GBP?
I was thinking about relocating to UK at the end of this year... Now I think I'll delay that for at least a few months, if not cancel it at all.


@ Novicetrader - Maheswara made a compilation of FTI's most valuable posts some time ago - you may want to look for it in the thread
  • #11,204
  • Nov 5, 2009 12:21pm Nov 5, 2009 12:21pm
Thank you all for guiding me.
luv to loose.....
  • #11,205
  • Nov 5, 2009 1:53pm Nov 5, 2009 1:53pm
Quoting fti
Just for info my friend,
market was capped by CB.

regards
Thanks fti, that makes sense and certainly explains what we saw today. Just looked at the pairs that I trade and there are some interesting formations/patterns that have formed (which may mean nothing or something -- lol). I am not affraid to admit to being on the sidelines until this becomes clearer as to where we are going. Better to be safe (the pig) than sorry (the hog).
  • #11,206
  • Nov 5, 2009 2:04pm Nov 5, 2009 2:04pm
eye on last bounce @ 4873 area.
  • #11,207
  • Nov 5, 2009 4:15pm Nov 5, 2009 4:15pm
A frustrating day here, no loss, no profits either, but tired..... hope others fared better.
  • #11,208
  • Nov 6, 2009 7:59am Nov 6, 2009 7:59am
Horrible US figures, $ Bulls have taken the reins, nice profits taken so far on the pull back and following short push on the euro, watching to see if the momentum will continue through the end of London.
  • #11,209
  • Edited 8:28am Nov 6, 2009 8:09am | Edited 8:28am
Hi Guys,

I forgot the news announcement half an hour ago, 3K all went madly down???. I was lucky enough to catch down movement while I was doing very big rescue operation. But that was not the right way to trade I should close the trade b4 news announcement then I was going to lose 200+ bugs if I close early????
During news announcement Fxpro was freezing(I even closed the platform & reopened again but no connection) but oanda went wild.

Hope you all have good trades

Cheers,
  • #11,210
  • Nov 6, 2009 8:46am Nov 6, 2009 8:46am
Be careful today, yesterday north action on the pairs were capped, and we are heading in that direction after the south action on Euro and Cable were halted, this could end up being a wash out on both.... who knows, just be nimble.

regards
  • #11,211
  • Nov 6, 2009 9:04am Nov 6, 2009 9:04am
yesterday's FOMC and today's NFP shows buyers are killed and sellers are killed on release time, only governmental manipulators gain. Luckily we fti students have the policy of "nimble at fig time".
  • #11,212
  • Nov 7, 2009 3:13am Nov 7, 2009 3:13am
hi fti,
A friend of my introduce this thread to me and i found out that this thread is very important for every newbies and existing trader to re-read and understand your concept and wisdom properly.
pls fti,
in your own wisdom, if it is possible for you to highlight the most important showthread and post in your thread so that we can concentrate and re-read so that i will not miss the important points and wisdom you are trying to pass across to traders out there.
thanks
  • #11,213
  • Nov 7, 2009 5:31pm Nov 7, 2009 5:31pm
everytime a newbie looks at this thread....including me....

he/she asks straighway what is the most imp discussions...

can we create some wiki on first page...telling all the newbie...


There is a shourt cut to this thread for newbie ....

read entire thread thats it... this is the most shortest way ti understand this..

V
  • #11,214
  • Nov 7, 2009 6:29pm Nov 7, 2009 6:29pm
In the Movie "The Last Samurai" Katsumoto while looking at cherry blossoms, makes the statement that "a life searching for the perfect blossom would not be a waist."

On his last breath he comes to this knowledge............

Inserted Video
  • #11,215
  • Edited 10:14am Nov 8, 2009 10:02am | Edited 10:14am
Quoting ccesom
hi fti,
A friend of my introduce this thread to me and i found out that this thread is very important for every newbies and existing trader to re-read and understand your concept and wisdom properly.
pls fti,
in your own wisdom, if it is possible for you to highlight the most important showthread and post in your thread so that we can concentrate and re-read so that i will not miss the important points and wisdom you are trying to pass across to traders out there.
thanks
Do you really want to understand the important parts ?
What does one do if he really wants to find whats important to them ?

I would have to answer you by saying that it would be the emperor moth cacoon story.
Did you read it ? Any thoughts ?
  • #11,216
  • Edited 10:42am Nov 8, 2009 10:22am | Edited 10:42am
e/u area of extra interest this week 1.4829.
g/u
6514
  • #11,217
  • Nov 8, 2009 10:28am Nov 8, 2009 10:28am
Can someone post the monkton utube video on treaty in Copenhagen ?
It may be of interest to some.
  • #11,218
  • Nov 8, 2009 7:25pm Nov 8, 2009 7:25pm
eyes open e/u 4907 area.
  • #11,219
  • Nov 8, 2009 7:31pm Nov 8, 2009 7:31pm
Quoting lilpip
Can someone post the monkton utube video on treaty in Copenhagen ?
It may be of interest to some.
Is this it?

Inserted Video


short version

Inserted Video
  • #11,220
  • Edited 8:20pm Nov 8, 2009 7:40pm | Edited 8:20pm
thanks, yes
short version gets to the point.
15 traders viewing now