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Technical Analysis Fallacy

  • #16,521
  • Jun 16, 2010 1:05am Jun 16, 2010 1:05am
Quoting MyTbo
Hi, people

I did an experiment in the VHands simulator and I got a surprising and in the same time hilarious result
I was entering trades with the trend and against the trend and put their TP where Stop Loss should be place according to the widespread teachings and belief in FX. After my TP was hit I would enter in the opposite direction and place my TP where a Stop Loss should be placed if someone tries to follow the trend and even placed a limit order there
I had longs and shorts in same time with only TP. I was doing exactly the...
Hello MyTbo: This is very interesting. Please, if you be so kind and i could ask you. Send me some results. Thank you.
  • #16,522
  • Jun 16, 2010 1:14am Jun 16, 2010 1:14am
Quoting Sirlostalot
My trading is doing well, but fighting the bucket shops seems to be half the battle, I know they need to make money too, and it is a zero sum game, but by God do they have to be that tight?
I remember long time ago, you mentioned that you organized some little tricks to deal with the broker's shading activities. Now, from your post, seems broker's tricks are smarter?

Which broker are you trading with?

I've been trading with Oanda for 5 years. It used to be an honest one. I was the one who can always get the best feed among my trading buddies, but not anymore. Especially recently one year, price always skip my click. One or two pips shading become a sure deal.

It gets worse now. sometimes after click, the price box turn gray for some second, price keep updating, and finally my click get the worst possible fill after the price box turn active again.

Not mention that they cut connection upon big move.

I'm so disappointed at Oanda. Is it just Oanda, or brokers are all like this?
  • #16,523
  • Edited 1:39am Jun 16, 2010 1:24am | Edited 1:39am
Quoting Fana

Yes and thank you very much.
There is some (for me undiscovered) space. I can say that i can still only feel, that there is something important behind Ganns studies. But imho it is covered for the most people. Question is how fundamental it is... Like Albert Einstein relativity theory... Very few people really understand. One Pro in physics told me that 5-10 people in the world really understand it!
Study is good, without dogma.You try to study what they recommended FTI ... from trade.Einstein not think there is.

PS Gann studied 10 years and then trade.
  • #16,524
  • Jun 16, 2010 4:30am Jun 16, 2010 4:30am
Quoting Gro
Hi Auxesis

Gann angles can be correctly used but what he described Fana is not correct use.Gann angles are "just","square" price and time

regards

PS Gann angles should not be taken out of context!
Yep understand Gann angles I don't know what Fana had on his chart?
  • #16,525
  • Jun 16, 2010 4:36am Jun 16, 2010 4:36am
Quoting imjscn
I remember long time ago, you mentioned that you organized some little tricks to deal with the broker's shading activities....
imjscn,


All brokers have their pros and cons, but there's more than order execution that makes or breaks a broker and all handle business slightly different, need to shop around and find one your "ok" with, hard task unless your dealing $$$$$

Oanda has been going downhill as of late, shading even limits are getting slipped.

regards
  • #16,526
  • Jun 16, 2010 5:10am Jun 16, 2010 5:10am
Quoting auxesis
Yep understand Gann angles I don't know what Fana had on his chart?
Hi Auxesis

Distribution Gan fan of bull zone and bear zone ... but "the true teachings always mutates to religion"

Regards
  • #16,527
  • Jun 16, 2010 5:22am Jun 16, 2010 5:22am
Quoting Gro
Hi Auxesis

Distribution Gan fan of bull zone and bear zone ... but "the true teachings always mutates to religion"

Regards
I always had a problem with predetermined static angles in relation to currencies, i.e. dual relationships/pairs and intraday timeframes, while dynamic angles calculated/derived from the current swing are valid, imho, reliance on them solely, without other perspectives of higher timeframe analysis and supporting PA at the moment is dangerous.

Best to listen to what the charts saying now, in stead of banking on what might be.

regards
  • #16,528
  • Jun 16, 2010 5:39am Jun 16, 2010 5:39am
Hello!

Angles, which angles?
Please, what is the need always to fall into the same trap?

All this works... if this condition is.... and not to forget that
when..... and if you have..... and please don't do it if.....

OMG!

People, if you already are masters of the simple dance that was showed here
study the market structure, or how brokers work, etc, etc,
IMHO know this has more value than "Gann angles "....

Regards,

Textor
  • #16,529
  • Jun 16, 2010 5:44am Jun 16, 2010 5:44am
Quoting auxesis
I always had a problem with predetermined static angles in relation to currencies, i.e. dual relationships/pairs and intraday timeframes, while dynamic angles calculated/derived from the current swing are valid, imho, reliance on them solely, without other perspectives of higher timeframe analysis and supporting PA at the moment is dangerous.

Best to listen to what the charts saying now, in stead of banking on what might be.

regards
Hi Auxesis

Therefore, I am writing, not rip out of context.Gann fan is calculator and not indicator.I wrote "decode Gann Tunnel" ... as the construction of the "tunnel" and Why? Because Gann Fan is predictiv? So why then the "tunnel"?!?

Regards
  • #16,530
  • Jun 16, 2010 5:54am Jun 16, 2010 5:54am
Quoting Gro
Hi Auxesis

Gann fan is calculator and not indicator.I wrote "decode Gann Tunnel" ...
Regards
Ok, Understand.

Me thinks our conversations are disturbing to some.

gotta run, wishing all a great 360 degrees
  • #16,531
  • Jun 16, 2010 5:55am Jun 16, 2010 5:55am
Keep it simple la. Don't make it so hard for you to pull a trade. Half the time my trades are made purely by following feeds. I'm totally not following these gann mutations.

The mental war is already hard enough these 'indicators' or whatever you call it is only there to suport you. Create a reason for you to feel at ease with the trade. Stop thinking that there is a big secret behind trading.
  • #16,532
  • Jun 16, 2010 6:05am Jun 16, 2010 6:05am
Quoting textor
Hello!

Angles, which angles?
Please, what is the need always to fall into the same trap?

All this works... if this condition is.... and not to forget that
when..... and if you have..... and please don't do it if.....

OMG!

People, if you already are masters of the simple dance that was showed here
study the market structure, or how brokers work, etc, etc,
IMHO know this has more value than "Gann angles "....

Regards,

Textor
Hi textor

You know why not to use the Mayan wheel, only a religious symbol.What this invention created?!?
Why Gann and his family created the rumor that is "not able the trader".

Regards

"some toys not are for kids"
  • #16,533
  • Jun 16, 2010 6:30am Jun 16, 2010 6:30am
Quoting auxesis
Ok, Understand.

Me thinks our conversations are disturbing to some.

gotta run, wishing all a great 360 degrees
Particularly to me, it doesn't disturb me the conversation,
they even make me sometimes to laugh,
but I can read people here that wants to learn how to run
before learning how to walk...

Auxesis, I appreciate your posts a lot.
I only try to light a lamp of attention to the newbies,
but if they want to waste their time and money... it is not my problem.

Rgs,

Textor
  • #16,534
  • Jun 16, 2010 6:35am Jun 16, 2010 6:35am
Quoting Gro
Hi textor

You know why not to use the Mayan wheel, only a religious symbol.What this invention created?!?
Why Gann and his family created the rumor that is "not able the trader".

Regards

"some toys are not for kids"
I'm sorry, I don`t understand your post.
I don't know what are you talking about.

Rgs,

Textor
  • #16,535
  • Jun 16, 2010 6:48am Jun 16, 2010 6:48am
On misguided gann study (Fana take note!), Cake sums up the flirtation:

Never There

I need your arms around me,
I need to feel your touch,
I need your understanding, I need your love,
So much,

You tell me that you love me so,
You tell me that you care,
But when I need you, (BABY)
Baby, (You're never there),

On the phone,
Long long distance,
Always through such,
Strong resistance,

When first you say,
You're too busy,
I wonder if you,
Even miss me,

Never there,
You're never there,
You're never, ever,
Ever ever there,

A golden bird that flies away,
A candle's fickle flame,
To think I held you yesterday,
Your love was just a game,

A golden bird that flies away,
A candle's fickle flame,
To think I held you yesterday,
Your love was just a game,

You tell me that you love me so,
You tell me that you care,
But when I need you, (BABY)
Baby,

Take the time,
To get to know me,
If you want me,
Why can't you just show me,

We're always on,
This roller coaster,
If you want me,
Why can't you get closer,

Never there,
You're never there,
You're never, ever,
Ever ever there,

Never there,
You're never there,
You're never, ever,
Ever ever there

http://http://www.youtube.com/watch?v=Nbzt1HnVzIQ
  • #16,536
  • Jun 16, 2010 7:27am Jun 16, 2010 7:27am
Quoting xtsunami
On misguided gann study (Fana take note!), Cake sums up the flirtation:

Never There

I need your arms around me,
I need to feel your touch,
I need your understanding, I need your love,
So much,

You tell me that you love me so,
You tell me that you care,
But when I need you, (BABY)
Baby, (You're never there),

On the phone,
Long long distance,
Always through such,
Strong resistance,

When first you say,
You're too busy,
I wonder if you,
Even miss me,

Never there,
You're never there,
You're never, ever,
Ever ever there,

A...

one of the Oldest member of FF posted here... welcome...
  • #16,537
  • Jun 16, 2010 8:29am Jun 16, 2010 8:29am
my eyes are open, watchin for direction.
g/u 4840
e/u 2336
a/u 8660-85
u/j 9146
  • #16,538
  • Jun 16, 2010 8:59am Jun 16, 2010 8:59am
Quoting jest1081
long shot... scouts in 310, 316, 320...
talk about defending...this one looks worthy for rescuing if she drops.
really worthy rescue.
i over extended the size at 2340 and got caught lol
  • #16,539
  • Edited 9:47am Jun 16, 2010 9:26am | Edited 9:47am
Quoting jest1081
really worthy rescue.
i over extended the size at 2340 and got caught lol
being familier with her mannerism I thought you had in mind to keep a heads up on that 2348 area.

peaked at 48
down to 08
back up 40-42 and a habit of spiraling back down.

just something ive noticed, I dont hang my hat on it though just something to keep in mind.


thats one reason I said im following her and the girls if she breaks below 08.
  • #16,540
  • Edited 11:08am Jun 16, 2010 9:52am | Edited 11:08am
maybe she will do that now .
from 36 to 96
keep eyes open @ 96 area.

the girls are all in snync, keep eye on them.

she might get there if we get above 18.

a/u says shes ready
push her over if were going to go that way.

shes taking to long, cleared most and hedged, other task at hand.

yea 1 minute later you dirty broad, see you at the new day.
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