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Technical Analysis Fallacy

  • #13,981
  • Mar 16, 2010 6:51pm Mar 16, 2010 6:51pm
  •  acim
  • | Joined Jan 2010 | Status: I'd rather be stacking :-P | 46 Posts
Quoting aiyahmarklah
acim and MyTbo, I think this attachment might help....of course do not be rigid...

Thanks for the attachment :-)


Hi MyTbo !

It was just my thinking "out-loud" ..... I was more curious has anybody tried something like that. I am not even sure is it good idea or not ?

Good trading :-D
  • #13,982
  • Mar 16, 2010 9:01pm Mar 16, 2010 9:01pm
having a tough time getting a feel for the e/u but after a day like today she acts like she wants to head north with everybody else.

my bias tells me up from 3712-30 area
  • #13,983
  • Mar 16, 2010 9:16pm Mar 16, 2010 9:16pm
Quoting lilpip
having a tough time getting a feel for the e/u but after a day like today she acts like she wants to head north with everybody else.

my bias tells me up from 3712-30 area
Hey Lilpip!

I watching this ledge it's formed, take my clue when it breaks, tis to narrow to trade.

There a kind of diagonal support/resistance running from the lower highs to the spike down, watching that in the back of the brain

regards
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 3_16_2010 (55 Tick).jpg Size: 76 KB
  • #13,984
  • Mar 17, 2010 2:31am Mar 17, 2010 2:31am
Quoting acim
It looked like there was something "fishy " there ....... lol

Actually, the first thing I looked at was guy's shadow/pond and I said this doesn't look right ......... it's not his shadow ...... so I thought it was a job of a photoshop or some other photo editing software :-)

...It should be the previous photo
  • #13,985
  • Mar 17, 2010 9:06am Mar 17, 2010 9:06am
too funny

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  • #13,986
  • Edited 12:30pm Mar 17, 2010 11:55am | Edited 12:30pm
Inserted Video


“Thousands of Songs” (1989) – by Priscilla Chan.

Reminising the times we shared.
Glowingly, you’ve given me a warmth in my heart.
If I shed silly tears, please forgive me with empathy.
Leaving you tomorrow, I begin a lonesome long journey.

In this short time, there is much to say.
Unfortunately we’ll soon be in our own.
Only thing left is our momentary deep gaze.

* Be there thousands of songs,strewed in my path on the journey,
* Be there thousands of stars, brighter than tonight's moon,
# But they will dim in comparison to this evening's beauty, neither will they capture my admiration.
# Ah ha … like the song we sing together.

.................Ha a............

Only while I leave,did I feel the sorrow of loss.
Realising because of you, I reminise of the memories.
At which date and time, will we be together again like this?
From our gaze, the answer to the question.

In stormy weather, when rain rush against your windows,
When the howling wind blows your thought into confusion,
Will you remember me to find your peace?

* Be there thousands of songs,strewed in my path on the journey,
* Be there thousands of stars, brighter than tonight's moon,
# But they will dim in comparison to this evening's beauty, neither will they capture my admiration.
# Ah ha … like the song we sing together..

.............Ha a...............
But they will dim in comparison to this evening's beauty, neither will my memory of us fade.
‘Cos I not know when I shall be singing along with you again.

* Be there thousands of songs,strewed in my path on the journey,
* Be there thousands of stars, brighter than tonight's moon,
# But they will dim in comparison to this evening's beauty, neither will they capture my admiration.
# Ah ha … like the song we sing together..

* Be there thousands of songs,strewed in my path on the journey,
* Be there thousands of stars, brighter than tonight's moon,
# But they will dim in comparison to this evening's beauty, neither will they capture my admiration.
# Ah ha … like the song we sing together..
  • #13,987
  • Edited 12:57pm Mar 17, 2010 12:36pm | Edited 12:57pm
remember, this deep in your heart.

find the lyrics yourself.

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Always be strong and keep your feets on the ground.
Like imjscn, reminded me, God created each and every one of you unique, find your niche.

Inserted Video


Goodbye.

By the way, My name is Fredde TPC.
  • #13,988
  • Edited 1:46pm Mar 17, 2010 1:33pm | Edited 1:46pm
Quoting aiyahmarklah
acim and MyTbo, I think this attachment might help....of course do not be rigid...takes some guess work out of your trading, don't just flip or rescue anyhow...

Attachment
Thanks for the attachment. It is helpful. I read all I could find about Elliot Wave Theory and then tried to apply it for 3-4 weeks. I didn'n use any trend lines then. The more I learned about Elliot's wave theory the more puzzled I got.
These double, tripple zigzags, altenrations, and so on, were too much for me. The thing you posted is really nice - trend lines and basic wave principles.

I think trend lines and a moving average are the best tools a trader can use.Personally, I use only the above mentioned tools for TA, I can't go to completely naked chart, like Fti and others here.

By the way,every book I've read about different TA included either 10-20% useful(practical) content and 80% rubbish or completely fraudulent and useless stuff. When I realized that I went to basics - trend lines
All the indicators fti mentioned in the very start of the thread have been put in the trash bin and the bin has been taken to the dump and never to be seen again.

Regards, MyTbo

P.S. The book, which I asked your opinions about, is the best FOREX book I've read till now
  • #13,989
  • Mar 17, 2010 2:12pm Mar 17, 2010 2:12pm
Quoting fti

Goodbye.

By the way, My name is Fredde TPC.
Fti,

I am disturbed by your post, you ok?

regards,
  • #13,990
  • Mar 17, 2010 2:29pm Mar 17, 2010 2:29pm
Quoting fti
By the way, My name is Fredde TPC.
程秉政

Thank you for showing me the way! Your teachings are life changing.
  • #13,991
  • Mar 17, 2010 2:32pm Mar 17, 2010 2:32pm
Quoting fti
remember, this deep in your heart.

find the lyrics yourself.

http://www.youtube.com/watch?v=unxTYTTtDs0&fmt=18

Always be strong and keep your feets on the ground.
Like imjscn, reminded me, God created each and every one of you unique, find your niche.

http://www.youtube.com/watch?v=K_95RgLWGnQ&fmt=18

Goodbye.

By the way, My name is Fredde TPC.
Hi fti,

have a queasy feeling, when reading your last postings and your 'Goodbye' above.
I hope everything is fine on your side and you are doing well!

Best regards,
Niels
  • #13,992
  • Edited Mar 18, 2010 11:42am Mar 17, 2010 2:43pm | Edited Mar 18, 2010 11:42am
Everyone, Please not be concerned about me.
I am fine.
I have done all i can, and now I have to travel a certain journey by myself.
I am glad that i had the opportunity to help some of you in your quest.
I am not sure if we will meet again.
So I say my au revoir now.

God Bless and Good Fortune.
Goodbye.

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  • #13,993
  • Mar 17, 2010 2:47pm Mar 17, 2010 2:47pm
Thank you FTI
  • #13,994
  • Mar 17, 2010 3:02pm Mar 17, 2010 3:02pm
Quoting fti
Everyone, Please not be concerned about me.
I am fine.
I have done all i can, and now I have to travel a certain journey by myself.
I am glad that i had the opportunity to help some of you in your quest.
I am not sure if we will meet again.
So I say my au revoir now.

God Bless and Good Fortune.
Goodbye.
Even though I haven't written much I have been with the thread almost from the very beginning. It has been a pleasure and a privilege following your guidance - as MaMood said it really was a life changing experience - I will be switching to full time trading soon most of all thanks to what I have learned from you.
Best of luck in your journey. I hope our paths cross again.

Regards
Stan
  • #13,995
  • Mar 17, 2010 3:35pm Mar 17, 2010 3:35pm
Quoting Setebos
as MaMood said it really was a life changing experience....
Regards
Stan
Good luck with going full time. Remember to see things as they are.

levitating man
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  • #13,996
  • Mar 17, 2010 4:06pm Mar 17, 2010 4:06pm
Quoting Zoran
Good luck with going full time. Remember to see things as they are.

levitating man
Oops, my bad, sorry, that was your quote
It will be in 2 or 3 months time, but still, thanks
  • #13,997
  • Mar 17, 2010 4:15pm Mar 17, 2010 4:15pm
Quoting fti
Everyone, Please not be concerned about me.
I am fine.
I have done all i can, and now I have to travel a certain journey by myself.
I am glad that i had the opportunity to help some of you in your quest.
I am not sure if we will meet again.
So I say my au revoir now.

God Bless and Good Fortune.
Goodbye.
God bless you fti. May He give you strength during your journey, and remember that we are here for you when you need us.
  • #13,998
  • Mar 17, 2010 4:31pm Mar 17, 2010 4:31pm
Quoting fti
Everyone, Please not be concerned about me.
I am fine.
I have done all i can, and now I have to travel a certain journey by myself.
I am glad that i had the opportunity to help some of you in your quest.
I am not sure if we will meet again.
So I say my au revoir now.

God Bless and Good Fortune.
Goodbye.
God bless you Fti. Thank you for all. I hope, we will meet again here. But this is not enough how to say thank you to you..., you gave me something more..., than "only" trading skills. You are great person, and you show me some (for me) new qualities how to be a better man. And when somebody will ask me in the future, when i will be good in trading, why...and who was my teacher. I am going to tell... Fti.
  • #13,999
  • Mar 17, 2010 4:50pm Mar 17, 2010 4:50pm
FTi, You have helped many traders see the light with your teachings. Thanks so much.

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  • #14,000
  • Edited 5:51pm Mar 17, 2010 5:16pm | Edited 5:51pm
hello mister Freddie TPC,

you said you would be happy to help 1% of the 95%. i know you can consider you job done.
even though i could not join this > 1 %, i am thankfull for all mindset lessons. they are valueable always and thank you once again.

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i ( a peasant/water-buffalo) will always remind you as a kind/great general and commander.... FTI
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jacco
even with my eyes open i cannot see everything
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