Technical Analysis Fallacy | Page 677 | 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

  • #13,521
  • Feb 12, 2010 6:47am Feb 12, 2010 6:47am
Quoting Fana
Thank you Lilpip
Hey im just repeating how fti tried to teach leighsww the threads red headed step mother.
  • #13,522
  • Feb 12, 2010 6:52am Feb 12, 2010 6:52am
One question... Its psychological. When you are actually trading. How does it affect your current emotional status???
Are you in OK quadrant when trading? Can you trade without much emotions????
This is small question, but maybe very important...

Because when one can be sure, that trading doesnt affect him/her... Good proof that the direction is right...imho btw...
  • #13,523
  • Feb 12, 2010 6:57am Feb 12, 2010 6:57am
phew - EURUSD jumps up ....
  • #13,524
  • Edited 7:24am Feb 12, 2010 6:58am | Edited 7:24am
Quoting Fana
One question... Its psychological. When you are actually trading. How does it affect your current emotional status???
Are you in OK quadrant when trading? Can you trade without much emotions????
This is small question, but maybe very important...

Because when one can be sure, that trading doesnt affect him/her... Good proof that the direction is right...imho btw...
exactly, and why ? mm
if I cant rescue at least 100-160 pips mm is not right.
try it and enjoy while learning.

g/u just moved 80 pips in 20 minutes for example, can you handle it ?
note taken 5674 area
  • #13,525
  • Feb 12, 2010 7:09am Feb 12, 2010 7:09am
Quoting Fana
One question... Its psychological. When you are actually trading. How does it affect your current emotional status???
Are you in OK quadrant when trading? Can you trade without much emotions????
This is small question, but maybe very important...

Because when one can be sure, that trading doesnt affect him/her... Good proof that the direction is right...imho btw...

That is a very good question and very diidficult to answer....

To be honest, when trading there are still much to much emotions in play. I'm talking about greed and fears. Would call them bad emeotions. Of course there are some good emotions too. Finally we are trying to feel her dance rythm. Doubt that it is possible without emotions.

But back to the bad emotions.
There is a very simple test to check how the emotions influence your trading behavior at least for me. When trading on demo I'm doing nearly perfect and I'm able to gain 2digit %ratios nearly every day. I'm very cool and do not ponder about my money at any time.
But when using real money I got nervous, when my exposure is high (but not higher than on demo).

But there is an important point in your question.
Yes you are right. From my experiences I can say, that I feel right, when I'm in sync with my lady. It's something similiar to a trance state of mind.
You know, when you are right and in sync ....

Just my 0.02 EUR

MaMood
  • #13,526
  • Feb 12, 2010 7:10am Feb 12, 2010 7:10am
dollar dumping started , lets play along ...

edit:
im with mamood on the psychological thing ,
if u r taking a risk u cant handle , its hard to get a straight head (thats y demo is so easy)

its the same when u fight against a bamboo stick and a real sword ...

so work on a risk u can handle , be totally honest on it , then work on expanding it slowly by practice ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #13,527
  • Feb 12, 2010 7:12am Feb 12, 2010 7:12am
Quoting lilpip
exactly, and why ? mm
if I cant rescue at least 100-160 pips mm is not right.
try it and enjoy while learning.

g/u just moved 80 pips in 20 minutes for example, can you handle it ?
???, i maybe dont understand... Do you mean that minus 100pips is possibly rescueable? I trade small timeframes. For me stoppig in minus20-40 is very max. and i cant stomach such minus areas...I cant stand long actions. Thats my nature...
  • #13,528
  • Feb 12, 2010 7:12am Feb 12, 2010 7:12am
Quoting maheswara
dollar dumping started , lets play along ...
Seems so.
So we have to be very very nimble.
I'm sure the big EUR short players are going to defend their position.
Expecting a lot of jerking moves ...
  • #13,529
  • Feb 12, 2010 7:27am Feb 12, 2010 7:27am
Quoting Fana
???, i maybe dont understand... Do you mean that minus 100pips is possibly rescueable? I trade small timeframes. For me stoppig in minus20-40 is very max. and i cant stomach such minus areas...I cant stand long actions. Thats my nature...
example being rescue g/u 5674
you have to be able to handle the swings in the daily range.
  • #13,530
  • Feb 12, 2010 7:32am Feb 12, 2010 7:32am
Quoting lilpip
example being rescue g/u 5674
Yes, there is forming some bull trend,but strong sellers... who knows where it goes... But what to do when bull didnt stop at..5674?
  • #13,531
  • Edited 8:35am Feb 12, 2010 7:40am | Edited 8:35am
Quoting Fana
Yes, there is forming some bull trend,but strong sellers... who knows where it goes... But what to do when bull didnt stop at..5674?
im looking at 2 other kingdoms and what there doing in there1hr,4hr., daily, weekly, monthly, quarterly range , and depending on whats going on stay with rescue or flip and head north keeping in mind next area of interest of day 5776.
5776
5674
5572-49 bias for day is up.

u/j example 8968 area is of interst for day
u/j 8987 for week
  • #13,532
  • Feb 12, 2010 7:53am Feb 12, 2010 7:53am
Quoting fti
WHO BLEEDS

If you have lost your way, brothers, read the testimony of Matthew again carefully. Christ teachings are clear as crystal.
Hi fti, I read the testimony of Matthew a couple of weeks ago as I go through the new testament. So when you say read carefully, I get the impression you have some aspect of his teachings in mind. Would I be correct? There's nothing I can pinpoint though. Is it the removal of demons from within us and let good/god guide us? That would be the basic message?

Also, do you think I should also read the old testament?
  • #13,533
  • Feb 12, 2010 8:01am Feb 12, 2010 8:01am
Quoting Zoran
Hi fti, I read the testimony of Matthew a couple of weeks ago as I go through the new testament. So when you say read carefully, I get the impression you have some aspect of his teachings in mind. Would I be correct? There's nothing I can pinpoint though. Is it the removal of demons from within us and let good guide us? That would be the basic message?

Also, do you think I should also read the old testament?
2nd timothy 3:16,17
all scripture inspired by god beneficial for teaching reproving, setting things strait and disciplining so man can be equipped for every good work.
  • #13,534
  • Feb 12, 2010 8:25am Feb 12, 2010 8:25am
Quoting lilpip
im looking at 2 other kingdoms and what there doing in there daily, weekly, monthly, quarterly range , and depending on whats going on stay with rescue or flip and head north keeping in mind next area of interest of day 5776.
5776
5674
5572-49 bias for day is up.

u/j example 8968 area is of interst for day
u/j 8987 for week
That is very interesting. Appreciate.
  • #13,535
  • Feb 12, 2010 8:40am Feb 12, 2010 8:40am
Quoting Fana
That is very interesting. Appreciate.
just look at any daily range, be prepared if you have a move against you to go the distance.
is that hard to do while were learning ?
  • #13,536
  • Feb 12, 2010 8:54am Feb 12, 2010 8:54am
Quoting lilpip
just look at any daily range, be prepared if you have a move against you to go the distance.
is that hard to do while were learning ?
I am going to handle it. It demands time and effort.
  • #13,537
  • Feb 12, 2010 9:04am Feb 12, 2010 9:04am
Quoting fti
teach market? not possible.
wreck ,manipulator?maybe I can hurt them a little.
but mostly I beat war drums, and am back to my old self.
I am very on them, retail is not the way to go.
but doing what i can do, matched to my size for trades.
The manipulation, although in thin markets still cannot match my reflex speeds.
thanks for looking out for me.
I am well aware of my var.(value at risk)

regards
Hi all, just wanted to post some trading analysis of mine, hopefully some following this thread will find value in it, 100% is possible.

130+/- sequences( attack and rescue) over 8 trading days.
1 day VaR (conditional on booked revenue)
6 trouble spots( drawdowns) that I decide to book, in total.

@sensei fti,
God bless and Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: VaR Feb 2-12.GIF Size: 53 KB
Click to Enlarge Name: Feb 2010.GIF Size: 19 KB
  • #13,538
  • Feb 12, 2010 9:48am Feb 12, 2010 9:48am
Quoting jacson101
Hi all, just wanted to post some trading analysis of mine, hopefully some following this thread will find value in it, 100% is possible.

130+/- sequences( attack and rescue) over 8 trading days.
1 day VaR (conditional on booked revenue)
6 trouble spots( drawdowns) that I decide to book, in total.

@sensei fti,
God bless and Regards.
Jackson101. Very interesting. Can you provide some more commentary to it? Do you use SL? How do you controll risk? Thx.

I dont understand numbers there... Nmbers of trades...OK, but those peaks?
  • #13,539
  • Feb 12, 2010 10:00am Feb 12, 2010 10:00am
eyes are on
e/u 3648 area
g/u 5675 area
a/u 8872 area
u/j 8987
as I try to follow e/u
  • #13,540
  • Edited 11:00am Feb 12, 2010 10:48am | Edited 11:00am
Quoting Fana
Jackson101. Very interesting. Can you provide some more commentary to it? Do you use SL? How do you controll risk? Thx.

I dont understand numbers there... Nmbers of trades...OK, but those peaks?
Hi Fana,
No, I don't use stops I use VaR. This what I'm comfortable with.
http://en.wikipedia.org/wiki/Value_at_risk

The number of trades is not shown only complete sequences( booked, flipped, level attacks and rescues).
Each stack is an individual sequence of trades( adding to or lightening up).

Regards.
19 traders viewing now