Technical Analysis Fallacy | Page 568 | 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

  • #11,341
  • Nov 28, 2009 1:20pm Nov 28, 2009 1:20pm
there might be successful TA user out there , there might also be successful fundie user ...

but Im pretty sure that their performance never beats a successful marketmaker anyday , anytime , any year ...

I cant think of trading the market in any other way ... feels like market is meant to be traded this way ...

ah well , everyone gets to feel their way is the only righteous way out there from time to time , its just hard not to when its true

peace , good december to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,342
  • Nov 29, 2009 11:24pm Nov 29, 2009 11:24pm
Quoting maheswara
there might be successful TA user out there , there might also be successful fundie user ...

but Im pretty sure that their performance never beats a successful marketmaker anyday , anytime , any year ...

I cant think of trading the market in any other way ... feels like market is meant to be traded this way ...

ah well , everyone gets to feel their way is the only righteous way out there from time to time , its just hard not to when its true

peace , good december to all
I can't agree more. Good December to you too, mashes!
  • #11,343
  • Nov 30, 2009 3:09am Nov 30, 2009 3:09am
Happy 2nd birthday to the TAF thread.
http://www.mysmiley.net/imgs/smile/party/party0003.gif

Great to see that everyone is still doing well.

Many thanks to fti again for all of his teachings.
Hope isn't a viable investment vehicle.
  • #11,344
  • Nov 30, 2009 5:49am Nov 30, 2009 5:49am
Quoting DutchAngel
Happy 2nd birthday to the TAF thread.

Many thanks to fti again for all of his teachings.
Good to hear from you DutchAngel, how is everything with you?
  • #11,345
  • Nov 30, 2009 6:19am Nov 30, 2009 6:19am
Quoting dengzhi
this thread is true people. TA is just a bunch of hogwash.
you will make more $$ at vegas or macau than trading forex based off TA.
somehow agree on that!!

Sonic

http://img.vpimg.net/2128718.large.jpg
  • #11,346
  • Nov 30, 2009 7:39am Nov 30, 2009 7:39am
Quoting maheswara

but Im pretty sure that their performance never beats a successful marketmaker anyday , anytime , any year ...
Question for Mahe and other long time practitioners,

are you guys achieving above 90% win ratio ?

rgds
ru
  • #11,347
  • Nov 30, 2009 11:09am Nov 30, 2009 11:09am
Happy trading day to everyone, and I hope you all had a great Thanksgiving (those of you in the US). Been a good trading day, but not great, with good trades in the CAD, GBP, and E/J. Just took a 4 pip loss on a follow-up trade in the E/J so its time to call it a day. Hope you all are well and trading with care and focus.
  • #11,348
  • Nov 30, 2009 11:21am Nov 30, 2009 11:21am
Quoting raja udang
Question for Mahe and other long time practitioners,

are you guys achieving above 90% win ratio ?

rgds
ru
Hi ru,
Not me, but why do you ask the question? My approach is to trade my strategy on selected currency pairs each day until I have a loss (per pair) or until I get bored (which occurs more often than a loss), either of which tells me my approach has completed a cycle until the market reloads. By definition, I may have a small loss on every pair traded each day but very seldom have a loss for the day. I recommend focusing on trade execution and see what kind of win/loss ratio you can come up with. Best wishes to you.
  • #11,349
  • Nov 30, 2009 11:58am Nov 30, 2009 11:58am
Quoting raja udang
Question for Mahe and other long time practitioners,

are you guys achieving above 90% win ratio ?

rgds
ru
Raja,

In the last 2 months I've had like 34 days that I have been able to trade at some level or capacity, in all but 3 of those days if memory serves.. I've ended in some type of profit. Obviously some were a push or barely past break even and there were a few good days mixed in as well.

I'd say you need to reevaluate your goals and check your overall view, either you are trying to micro manage your trades, not taking into the larger context of your price action, or your getting caught on time restraints that do not allow you recover if entries were mistimed.

regards,
  • #11,350
  • Nov 30, 2009 12:29pm Nov 30, 2009 12:29pm
@raja,

they are sequences of trades , so I cant say 90% winning trades , but I can say about 90% winning days ...
that is 2 days out of 20 days in a month I end up losing ...

just make sure such losing day is never above ur winning day average... if it crosses the line , reduce positions , fight back slowly , dont lose control and head ...
u can win or lose on any given day , but make sure u do it like a man
(I just watched any given sunday , so do excuse me )

aux had 3 out of 34 , thats about 90% winning days too , so I think it can be taken as generality...

good trade
To Live is the rarest thing in the world , Most people exist , that is all
  • #11,351
  • Nov 30, 2009 1:57pm Nov 30, 2009 1:57pm
@raja

have checked my last 24 trading days.
Had 3 loosing days.
-> 87.5% winning days.

Have a very special way of money and risk management.
Means I'm used to start nearly every morning with a fresh 3000EUR account. In this 24 days I made ~9393EUR profit.

Would characterize my dances as a very short term dancing style.
What the M5 chart is for fti and most others here is for me the M1 chart (supported with 5 sec chart for better timing of the entries).

Cu,
MaMood
  • #11,352
  • Nov 30, 2009 2:28pm Nov 30, 2009 2:28pm
Quoting MaMood
@raja

have checked my last 24 trading days.
Had 3 loosing days.
-> 87.5% winning days.

Have a very special way of money and risk management.
Means I'm used to start nearly every morning with a fresh 3000EUR account. In this 24 days I made ~9393EUR profit.

Would characterize my dances as a very short term dancing style.
What the M5 chart is for fti and most others here is for me the M1 chart (supported with 5 sec chart for better timing of the entries).

Cu,
MaMood
U da' man!

  • #11,353
  • Nov 30, 2009 5:02pm Nov 30, 2009 5:02pm
Quoting fti
Apologies
-no mentor, or course, or literiture can give anyone the holy grail to the secrets of success in trading in the markets.
-"and no one, sells the goose that lays golden eggs, probably the eggs, but never the goose"
Nevertheless, I will humbly attempt.

Since the late 70s and into the millinium.
Many "engineers" have made public, their inventions of reading probabilities into Technical Indicators. Many Technical Analysis Gurus came to the forefront to sell their research findings. To name a few,
The Grand daddy being Charles Dow and...
indeed a very good analysis and observations. Thanks and keep it up
  • #11,354
  • Nov 30, 2009 5:08pm Nov 30, 2009 5:08pm
Quoting maheswara
@raja,

they are sequences of trades , so I cant say 90% winning trades , but I can say about 90% winning days ...
that is 2 days out of 20 days in a month I end up losing ...

just make sure such losing day is never above ur winning day average... if it crosses the line , reduce positions , fight back slowly , dont lose control and head ...
u can win or lose on any given day , but make sure u do it like a man
(I just watched any given sunday , so do excuse me )

aux had 3 out of 34 , thats about 90% winning days too , so I think it can be...
wow, what a great winning percentage, its awesome, appreciate if would share your strategy with other members......good work...keep it up man
  • #11,355
  • Nov 30, 2009 6:03pm Nov 30, 2009 6:03pm
Quoting shahzadhyder
wow, what a great winning percentage, its awesome, appreciate if would share your strategy with other members......good work...keep it up man
It's all here in this thread....http://www.forexfactory.com/showthread.php?t=57639
  • #11,356
  • Edited 7:10pm Nov 30, 2009 6:55pm | Edited 7:10pm
Quoting MaMood
@raja

have checked my last 24 trading days.
Had 3 loosing days.
-> 87.5% winning days.

Have a very special way of money and risk management.
Means I'm used to start nearly every morning with a fresh 3000EUR account. In this 24 days I made ~9393EUR profit.

Would characterize my dances as a very short term dancing style.
What the M5 chart is for fti and most others here is for me the M1 chart (supported with 5 sec chart for better timing of the entries).

Cu,
MaMood
Amazing!
Doable? of course,
you do it...
can you keep it up?
Best wishes.
Empty as water and soft as a facing wind mountain
  • #11,357
  • Nov 30, 2009 7:39pm Nov 30, 2009 7:39pm
Quoting MaMood
@raja

have checked my last 24 trading days.
Had 3 loosing days.
-> 87.5% winning days.

Have a very special way of money and risk management.
Means I'm used to start nearly every morning with a fresh 3000EUR account. In this 24 days I made ~9393EUR profit.

Would characterize my dances as a very short term dancing style.
What the M5 chart is for fti and most others here is for me the M1 chart (supported with 5 sec chart for better timing of the entries).

Cu,
MaMood
MaMood

just keep on doing what u doing ... best of luck.....

V
  • #11,358
  • Nov 30, 2009 7:42pm Nov 30, 2009 7:42pm
Quoting MaMood
@raja

have checked my last 24 trading days.
Had 3 loosing days.
-> 87.5% winning days.

Have a very special way of money and risk management.
Means I'm used to start nearly every morning with a fresh 3000EUR account. In this 24 days I made ~9393EUR profit.

Would characterize my dances as a very short term dancing style.
What the M5 chart is for fti and most others here is for me the M1 chart (supported with 5 sec chart for better timing of the entries).

Cu,
MaMood
Wow you are a great trader . Do you mind to share you idea?

More than 300% in a month & one year 3600% WoW.

I'ld like to trade shorter TF but I was ending up lost, rite now I trade M5. I did try M1 chart but lost. What's about stress level Is it very high?

Thanks
  • #11,359
  • Nov 30, 2009 7:53pm Nov 30, 2009 7:53pm
Yes Mamood if you can, please shed some light on your mm.
  • #11,360
  • Nov 30, 2009 8:22pm Nov 30, 2009 8:22pm
Quoting Zoran
Good to hear from you DutchAngel, how is everything with you?
Hi Zoran

Last 2 months have been very busy and my dancing shoes have gathered a bit of dust. Hope all is well on your side as well.

@ all
BANK OF JAPAN TO HOLD SPECIAL POLICY MEETING TODAY Beware of possible intervention as a result.

kind regards
Hope isn't a viable investment vehicle.
14 traders viewing now, 1 is registered:
sutivserv