Technical Analysis Fallacy | Page 626 | 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

  • #12,501
  • Jan 8, 2010 4:07am Jan 8, 2010 4:07am
flipped

squared

scout and L2 short @14320
  • #12,502
  • Jan 8, 2010 4:19am Jan 8, 2010 4:19am
Lo all! scout out short @1.60245
  • #12,503
  • Jan 8, 2010 4:24am Jan 8, 2010 4:24am
ai sir , feels u r flipping a lot these days ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #12,504
  • Edited 4:59am Jan 8, 2010 4:35am | Edited 4:59am
Quoting maheswara
ai sir , feels u r flipping a lot these days ...
ya,lost for direction.

squared 14306
  • #12,505
  • Jan 8, 2010 4:58am Jan 8, 2010 4:58am
squared
  • #12,506
  • Jan 8, 2010 5:15am Jan 8, 2010 5:15am
Happy trading day everyone. Big announcements today starting in less than an hour (Canadian employment), and then NFP in US later. My bias is south on the euro, north on yen crosses, but will go with the flow after NFP. Can't make much sense out the the GBP. OK, time for some coffee and a quick stretch before things start flying around, so stay focused and have a great trading day.
  • #12,507
  • Jan 8, 2010 5:18am Jan 8, 2010 5:18am
The more i look at charts & PA between major's, basically Forex is a pump from your pocket & dump on your head business, off course in fashion of fundamental boundaries. I'm i wrong?
  • #12,508
  • Jan 8, 2010 5:28am Jan 8, 2010 5:28am
Maybe, this is what the big ones want... panic, dollar which is not worth 1.4300 to euro is still being buying.... Who will survive? Can they manage 1.4000 and after back in real somewhere 1.6000? ...just kidding
  • #12,509
  • Edited 6:02am Jan 8, 2010 5:28am | Edited 6:02am
Looks like someone in Canada is getting an early start of the employment announcement in 32 minutes. I hate it when they do this!

Edit: after announcement it is clear they got it wrong before the announcement. Hope no one took the bait.
  • #12,510
  • Jan 8, 2010 6:01am Jan 8, 2010 6:01am
Quoting fti
flipped

squared

scout and L2 short @14320
Could I ask what did you see in the charts to make you flipped at that stage? I had been doing a couple of mild attacks up to the 1.4335 area with sucess. I was starting to do the same with the scout out at 1.4317 but missed the move down to 1.4290

Now I am squared and have decided to stay out until after the NFP figures. Thanks Ray
  • #12,511
  • Jan 8, 2010 6:26am Jan 8, 2010 6:26am
OK, I am short the E/$ at 1.4289, will protect the entry area up through the NFP announcement. If I can collect 25 pips prior to announcement, I'll take 'em.

Edit: flat, looking for another entry
  • #12,512
  • Jan 8, 2010 6:28am Jan 8, 2010 6:28am
Quoting 1234
Could I ask what did you see in the charts to make you flipped at that stage? I had been doing a couple of mild attacks up to the 1.4335 area with sucess. I was starting to do the same with the scout out at 1.4317 but missed the move down to 1.4290

Now I am squared and have decided to stay out until after the NFP figures. Thanks Ray
Basically invisible hands killing some BIG boy reserves manager.had been at it whole week.
The drops had been too systematic and organised. Is big hands.

Had seen this type of manipulation before. This type of pull push is very painful for term traders and fund managers. Only ay to survive is to be very nimble and ungreedy. Overstayers and views(bias) will be punished.



regards
  • #12,513
  • Jan 8, 2010 6:32am Jan 8, 2010 6:32am
Quoting GEfx
OK, I am short the E/$ at 1.4289, will protect the entry area up through the NFP announcement. If I can collect 25 pips prior to announcement, I'll take 'em.

Edit: flat, looking for another entry
GEfx, if for every trade you end up flat, then whats the point in trading?
I suspect you using wrong terminology?


regards
  • #12,514
  • Jan 8, 2010 6:34am Jan 8, 2010 6:34am
Quoting fti
ya,lost for direction.

squared 14306
hello sir,

do you still trade with the dayly trend?? since you "flip"

you could say i flip allot but the way i see it. i trade the direction of the hourly trend. the ups and downs look pretty consistant to me so far.

Ok i lie a little because i just got home and am long 1.4284

kind greets, pax
even with my eyes open i cannot see everything
  • #12,515
  • Jan 8, 2010 6:35am Jan 8, 2010 6:35am
Quoting fti
Basically invisible hands killing some BIG boy reserves manager.had been at it whole week.
The drops had been too systematic and organised. Is big hands.

Had seen this type of manipulation before. This type of pull push is very painful for term traders and fund managers. Only ay to survive is to be very nimble and ungreedy. Overstayers and views(bias) will be punished.



regards
Many thanks. Ray
  • #12,516
  • Jan 8, 2010 6:36am Jan 8, 2010 6:36am
Quoting j-pax
hello sir,

do you still trade with the dayly trend?? since you "flip"

you could say i flip allot but the way i see it. i trade the direction of the hourly trend. the ups and downs look pretty consistant to me so far.

Ok i lie a little because i just got home and am long 1.4284

kind greets, pax
look at the daily chart, then.
What's the trend?

regards
  • #12,517
  • Edited 6:53am Jan 8, 2010 6:41am | Edited 6:53am
Quoting fti
look at the daily chart, then.
What's the trend?

regards
investers would say up... i would say down with a flag ready for a breakout. i don't realy believe in measured moves but this would mean 3750 or something....

wich is about 50% of the uptrend and it would still be up

would this 50% fibo be a good rescue if the flag breaks out against me on NFP?? i make shure i am square before LOL LOL.
even with my eyes open i cannot see everything
  • #12,518
  • Jan 8, 2010 6:49am Jan 8, 2010 6:49am
Quoting fti
GEfx, if for every trade you end up flat, then whats the point in trading?
I suspect you using wrong terminology?


regards
fti, that is an interesting question. By flat I mean I am out of the trade at the entry price with no profit or loss. I will protect entry price if the trade is up 10-15 pips (as with the last trade) and if taken out, I get ready for a re-entry at a better price. If I am up 25-30 pips, I protect 10-15 pips profit on a % of the trade and let the rest ride, unless it is the first trade of the day when I take that first 25 pips. I do this only when I have a second entry price in mind that is better than the opportunity that I entered on. Once a trade is running, I repeat the process (adding positions and taking out %'s on pull backs) until I get a loss, which usually happens at the end of the run or when I am exhausted and fall over -- lol. The result helps me protect and grow my margin account. It's a bit more complicated than I have described, but it works for me. If it is a distraction to add this information to my posts, please let me know and I will stop posting it.
  • #12,519
  • Jan 8, 2010 6:57am Jan 8, 2010 6:57am
Quoting GEfx
fti, that is an interesting question. By flat I mean I am out of the trade at the entry price with no profit or loss. I will protect entry price if the trade is up 10-15 pips (as with the last trade) and if taken out, I get ready for a re-entry at a better price. If I am up 25-30 pips, I protect 10-15 pips profit on a % of the trade and let the rest ride, unless it is the first trade of the day when I take that first 25 pips. I do this only when I have a second entry price in mind that is better than the opportunity that I entered on. Once a trade...

no la, no distraction

flat = no profit and no loss.

squared = no positions

squared out = took profits or loss and have no positions.

Was wondering why you keep trading flat.


regards
  • #12,520
  • Jan 8, 2010 7:00am Jan 8, 2010 7:00am
Quoting fti
no la, no distraction

flat = no profit and no loss.

squared = no positions

squared out = took profits or loss and have no positions.

regards
OK, thanks and I will use that terminology. 30 mins before the big FA. It will be interesting if the manipulation will continue or will market push it aside with force. I am square and waiting.
14 traders viewing now