Technical Analysis Fallacy | Page 596 | 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

  • #11,901
  • Jan 3, 2010 9:07pm Jan 3, 2010 9:07pm
Quoting Turveyd
Short term immediate direction at the time was down fully.

Currently, immediate and short is up, medium and long term still down.
My friend...I am done for the evening.
I just never know what the market will do...I guess and trust the little I learned from fti to help me manage the trade.
For example, here are my 5M trades this evening...normally I trade the 15M but it is a new year, so in honor of the chief I went into 5M trading assuming that E/U is in a 1D range.
You see, a nice way of getting a bunch of pips...
It is almost a perfect wave trading, pure poetry.
Best wishes and good night to every one
Attached Image
Empty as water and soft as a facing wind mountain
  • #11,902
  • Jan 3, 2010 9:27pm Jan 3, 2010 9:27pm
Well done, Lusan!
  • #11,903
  • Jan 3, 2010 9:55pm Jan 3, 2010 9:55pm
Quoting fti
bot L3 x euro x 14274
Did you rescue out on the following run to 4299 or still in?
  • #11,904
  • Jan 3, 2010 10:04pm Jan 3, 2010 10:04pm
my guess is -- chief was positioning for a new year run up, and it's his lunch napping time now.
  • #11,905
  • Jan 3, 2010 10:20pm Jan 3, 2010 10:20pm
Quoting imjscn
my guess is -- chief was positioning for a new year run up, and it's his lunch napping time now.
Short charts appear to be turning or at least finding support, was wondering Fti's mindset atm.

Taking a break, back later during the London.
  • #11,906
  • Jan 3, 2010 11:39pm Jan 3, 2010 11:39pm
Quoting Turveyd
Errrm buying on a down trend, first trading day of the new year, on a sunday night where 200pip moves are frequently, really isn't advisable.
agility my friend. would there be a 200pip move, these guys would have turned and be in deep profits.
  • #11,907
  • Jan 3, 2010 11:44pm Jan 3, 2010 11:44pm
best discovery in 2008: fti and this thread.

best discovery in 2009: myself.

i am happy to see that fti is in battle gear already.

good luck to all in 2010.
  • #11,908
  • Jan 4, 2010 12:00am Jan 4, 2010 12:00am
took profit L3 at 14305

now long L2 and scout.
  • #11,909
  • Jan 4, 2010 12:08am Jan 4, 2010 12:08am
decided to miss the attack, as market is letargic,

Inserted Video
  • #11,910
  • Jan 4, 2010 12:17am Jan 4, 2010 12:17am
Quoting imjscn
my guess is -- chief was positioning for a new year run up, and it's his lunch napping time now.
correct.

now awaiting fft participation.
  • #11,911
  • Jan 4, 2010 12:32am Jan 4, 2010 12:32am
bot L3 x 14294
  • #11,912
  • Jan 4, 2010 12:42am Jan 4, 2010 12:42am
I and my discipline problem. My first trade today (and maybe the last until evening, I must go to work in a while). Short EU 6:10GMT @4304 with scout: the 5min chart shows some retrace sign and I enter short. 6:30GMT closed @14293. 10 PIPs to me, but I am been unable to wait. Again.
  • #11,913
  • Edited 2:33am Jan 4, 2010 2:11am | Edited 2:33am
squared out all at 14317

all scout , L2 , L3 profits

preparing for round 2

should we wait for NY boys.
they missing all the fun.
  • #11,914
  • Jan 4, 2010 2:30am Jan 4, 2010 2:30am
nice start to the new year!
  • #11,915
  • Edited 2:51am Jan 4, 2010 2:37am | Edited 2:51am
Quoting dogfight
nice start to the new year!
yeah, got a little hairy, for a while.
where's did I putt my old pair of dancing shoes?
this pair not so smooth.

Inserted Video


every one should get the chance to buy 14295 ????
even NY?
  • #11,916
  • Jan 4, 2010 2:58am Jan 4, 2010 2:58am
yup, entered near that region and got out with a decent profit following the breakout (=
  • #11,917
  • Edited 4:12am Jan 4, 2010 3:15am | Edited 4:12am
Inserted Video



missed round two

she ran away with tail between her legs, and I not chasing.

cu ny zone.


Inserted Video
  • #11,918
  • Jan 4, 2010 4:56am Jan 4, 2010 4:56am
Inserted Video
  • #11,919
  • Jan 4, 2010 5:26am Jan 4, 2010 5:26am
Happy trading day everyone. fti, it is good to see you back and in full participation. Life is good, at least for all of us, now that you are back. I am having a wonderful 2010 so far, was in the GBP/$ about 30 min ago and am now square, but still in the E/J since about two hours ago. protecting 20 on that one now. Pips are flowing and I am grateful. It's not over so re-focusing now, and back later. Good trading everyone.
  • #11,920
  • Edited 5:57am Jan 4, 2010 5:42am | Edited 5:57am
Quoting fti
, needs guts and MM, right?
if wrong what do you do?

my biggest profits are in congestions, my fastest profits in a trend. Do you know why?
thanks for the questions.. lets see if i understand...

when i am wrong i switch from my 1 and 5min chart and look at 15, and hourly chart to see if the weaknes is a reversal in the trend i follow.

when timing is wrong i look for rescue opportunity if unsure i reduce my position. if direction is wrong i take my loss.

why do your biggest profits are in congestions, your fastest profits in a trend?? because build your position and scalp ranges only in the direction of the main trend.

kind greets, pax
even with my eyes open i cannot see everything
14 traders viewing now