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Technical Analysis Fallacy

  • #14,201
  • Apr 8, 2010 1:07am Apr 8, 2010 1:07am
Quoting Gro
Puzzle
Puzzle of dancing...
  • #14,202
  • Apr 8, 2010 1:15am Apr 8, 2010 1:15am
Quoting pete.alfa

Thanks Mark for your reminder it's great & also thanks Masheswara for the Fti text file & I think I have to reread(third times)
the text file again.
Sorry. Anyone got the link for this?
One Mind, Any Market
  • #14,203
  • Apr 8, 2010 1:38am Apr 8, 2010 1:38am
Here
Attached File(s)
File Type: doc FTI word.doc   513 KB | 1,427 downloads
  • #14,204
  • Apr 8, 2010 3:01am Apr 8, 2010 3:01am
Quoting pete.alfa
Thanks Fti for your teaching.

Thanks Mark for your reminder it's great & also thanks Masheswara for the Fti text file & I think I have to reread(third times) the text file again.

"For dealers, its a different game, because when markets are going up in a BEAR market, customers keep making them short,
their book keeps getting bigger short, but their average cost of being short keeps going up.
[u]all they have to do is to......
Quoting aiyahmarklah

That's how you're doing counter trend trade? I'm working on it.
I was trying to do on 5m(15m)chart & hourly chart - DISASTER!!!

Honestly I could not see the theory stated above working during that time but rather I was looking a what the chart told me. However when I do see such scenario playing, not a lot, I bet more as confidence increase. That kind of observation either requires experience from being from the inside or tons of screen time. I do not let that knowledge or lack of hinder me.

Need to look at the context of the chart at that time. It was forming a rounded bottom which lost significance rather quickly. Why daily and 60 min charts ? For me its very simple, the 5 min chart look like a total mess (I don't use 15 min), naturally I will go to the 60 min bars for answers. All I did was wait for volatility to decrease and start whacking it. Besides at that time there was a lot of talk about big boys shorting E/U, now that talk was never realized until much later which is what I suspected. And I think they are still shorting.

I said before I am not a purist, but certainly we can exercise common sense right ? We still have the freedom to choose whether to take it on or not. I feel so sad seeing many people forcing their trades and making crazy rescues when they should have been out, worst I believe most are over leveraged. If you want to trade fti style, max leverage is 1:5, this way 95% hit rate is very achievable with big skews.

  • #14,205
  • Edited 10:40am Apr 8, 2010 4:39am | Edited 10:40am
e/u ares of extra interest
looking at the last 3 days
eyes open e/u 3284-92

last 3 weeks at fridays close
3805
3529-38
3234


3 months
3134
  • #14,206
  • Apr 8, 2010 5:54am Apr 8, 2010 5:54am
Quoting Fana
Here
thanks fana
Success consists of going from failure to failure without loss of enthusiam
  • #14,207
  • Edited 10:37am Apr 8, 2010 8:55am | Edited 10:37am
todays e/u areas of extra interest
3504
3415
3284-92
with an eye on how 3354 area responds .
  • #14,208
  • Apr 8, 2010 12:30pm Apr 8, 2010 12:30pm
Quoting Fana
Puzzle of dancing...
maybe ...
Attached Image (click to enlarge)
Click to Enlarge Name: attributes.JPG Size: 46 KB
  • #14,209
  • Apr 8, 2010 8:55pm Apr 8, 2010 8:55pm
note taken @ 3354 waching how 3370 responds
  • #14,210
  • Apr 8, 2010 9:10pm Apr 8, 2010 9:10pm
whitney houston cancelled her tour but I believe we have a replacement.
Inserted Video
#
  • #14,211
  • Apr 8, 2010 9:57pm Apr 8, 2010 9:57pm
Quoting aiyahmarklah
Honestly I could not see the theory stated above working during that time but rather I was looking a what the chart told me. However when I do see such scenario playing, not a lot, I bet more as confidence increase. That kind of observation either requires experience from being from the inside or tons of screen time. I do not let that knowledge or lack of hinder me.

Need to look at the context of the chart at that time. It was forming a rounded bottom which lost significance rather quickly. Why daily and 60 min charts ? For me its very simple,...
Thanks Mark, much appreciated

Regards,
  • #14,212
  • Edited 1:53am Apr 9, 2010 12:18am | Edited 1:53am
the only good thing about the silver manipulation is we can still buy it while it at a low price.

http://silverstockreport.com/2010/doj.html
https://marketforceanalysis.com/inde...I%20SCHEME.pdf

a walk thru of manipulation
http://www.kingworldnews.com/kingwor...w_Maguire.html

commissioners told its physically impossible for the london exchange to deliver gold and silver owed to owners of contracts.
if theirs not enough metal, how much is it worth ?
http://www.commodityonline.com/news/...27107-3-1.html
  • #14,213
  • Apr 9, 2010 2:06am Apr 9, 2010 2:06am
eyes open e/u 3398
friday
3451
3398
3285

with an eye on 3370
  • #14,214
  • Apr 9, 2010 2:30am Apr 9, 2010 2:30am
Quoting Fana
Here
Sweetness. Thank you Fana. =)
One Mind, Any Market
  • #14,215
  • Apr 9, 2010 2:32am Apr 9, 2010 2:32am
Quoting lilpip
the only good thing about the silver manipulation is we can still buy it while it at a low price.

http://silverstockreport.com/2010/doj.html
https://marketforceanalysis.com/inde...I%20SCHEME.pdf

a walk thru of manipulation
http://www.kingworldnews.com/kingwor...w_Maguire.html

commissioners told its physically impossible for the london exchange to deliver gold and silver...
The other argument for silver is that gold & silver are supposed to move somewhat in tandem. Gold long cracked its all time high, silver is no where near and silver is also being consumed as an industrial metal.
One Mind, Any Market
  • #14,216
  • Apr 9, 2010 2:45am Apr 9, 2010 2:45am
Quoting Cyrus
The other argument for silver is that gold & silver are supposed to move somewhat in tandem. Gold long cracked its all time high, silver is no where near and silver is also being consumed as an industrial metal.
yes the last 2,000 years about 15-1, its now about 60-1 from what I understand.
  • #14,217
  • Apr 9, 2010 2:51am Apr 9, 2010 2:51am
Quoting lilpip
yes the last 2,000 years about 15-1, its now about 60-1 from what I understand.
I hope the rubber band snaps back hard. LOL.
You might want to google for Dave Morgan and also check out Anglo Far East Bullion. Anglo has some very interesting articles about sound money and well, they're a bullion bank and thus obviously strong on hard assets.

It's run by Peter Daniels, a man I admire very much.
One Mind, Any Market
  • #14,218
  • Apr 9, 2010 9:07am Apr 9, 2010 9:07am
Quoting Cyrus
I hope the rubber band snaps back hard. LOL.
You might want to google for Dave Morgan and also check out Anglo Far East Bullion. Anglo has some very interesting articles about sound money and well, they're a bullion bank and thus obviously strong on hard assets.

It's run by Peter Daniels, a man I admire very much.
thanks for the anglo far east bullian lead.
http://www.anglofareast.com/research/news/
  • #14,219
  • Apr 9, 2010 9:33am Apr 9, 2010 9:33am
Guys do you seee whats going on with the EUR/USD it's crazy. I was sufering a lot here being the red but the things went wild I got some pips back, but it's wild. PA jups 15-20 pips up and down. WOW

edit* Just heard Greece credit rating was decreased.
  • #14,220
  • Apr 9, 2010 9:51am Apr 9, 2010 9:51am
I just looked at my account history to be nicely surprised that slippage worked in my favour. My TP were closed at 10pips better price than I had placed them. Thats the first time I experience slippage.

Before the sharp reversal I was beating my head in the wall because the tidal wave caught me on the wrong side. I didn't close my shorts since it seemed like manipulation. Romance of 3 kingdoms weren't in sync at all. Smelled fishy.This roller coaster was very exciting, so much emotions in few minutes.
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