Technical Analysis Fallacy | Page 847 | 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

  • #16,921
  • Jun 22, 2010 3:59pm Jun 22, 2010 3:59pm
Quoting indianguyinny24
Nice job Rob,

you are on track and u know what u r doing.........

i can only say its a Marathon not a 100 m sprint....so first lets create the stamina to run the marathon,....


V
Thanks again V. After watching fti's trading today I can see that I'm still on the sidelines and not even in the race yet.
With wisdom comes humility. With humility comes wisdom!
  • #16,922
  • Edited 4:21pm Jun 22, 2010 4:08pm | Edited 4:21pm
Quoting 1234
Good post and thanks Rob. Yes overnight in Australia would be the late London and New York session. Often big moves during those times. Dangerous not to be around. All the best with your trading journey. Ray
Cheers Ray and Baiu.

It feels a little awkward posting in a thread with all the sort of action that we've just witnessed, with the general seeing exactly where the mortars are coming from. Makes you want to just keep your head down and crawl away and come back when you can figure out what is happening.
With wisdom comes humility. With humility comes wisdom!
  • #16,923
  • Jun 22, 2010 4:47pm Jun 22, 2010 4:47pm
sorry I missed the session, will have to review.

when ready to jump in mm small as possible, the principle of it gives you your skin in the game.

I think you can get your reward of mcdonalds icecream cone off the dollar menu.

remember, the way to a small fortune is to start with a big one.
  • #16,924
  • Jun 22, 2010 7:22pm Jun 22, 2010 7:22pm
Something to think about

http://www.ted.com/talks/michael_she...d.com-talkpage
  • #16,925
  • Jun 22, 2010 8:01pm Jun 22, 2010 8:01pm
Quoting Setebos
Something to think about

http://www.ted.com/talks/michael_she...d.com-talkpage
Nice one
  • #16,926
  • Jun 22, 2010 8:05pm Jun 22, 2010 8:05pm
Hi fti,

can you help me on this?
what is wave ABCDEF?

thanks.

Quoting incrediblefx
Hi..

I have still long way to go understanding the concept.
I just read up to this page and I need to know the wave structure.


I never know there is a wave ABCDEF in elliot wave.
As far as I know, there are only ABC retracement waves.
Can someone explain?

thanks.
  • #16,927
  • Jun 22, 2010 8:46pm Jun 22, 2010 8:46pm
Quoting incrediblefx
Hi fti,

can you help me on this?
what is wave ABCDEF?

thanks.
Incrediblefx:

ABCDE is just notation at turning points, not wave counting as in EW. See Jest's picture here see if it helps:

http://www.forexfactory.com/showpost...ostcount=15806
  • #16,928
  • Jun 22, 2010 9:06pm Jun 22, 2010 9:06pm
Quoting hcong168
Incrediblefx:

ABCDE is just notation at turning points, not wave counting as in EW. See Jest's picture here see if it helps:

http://www.forexfactory.com/showpost...ostcount=15806
Hi HC,

thanks so much
  • #16,929
  • Jun 23, 2010 12:16am Jun 23, 2010 12:16am
Quoting incrediblefx
Hi fti,

can you help me on this?
what is wave ABCDEF?

thanks.
well, in what context do you want the help.
In the context of the discussion then it could be VWXYZ and it wouldn't change anything. Its just points of reference on a chart indicating impulse turns and movement.


regards
  • #16,930
  • Jun 23, 2010 12:53am Jun 23, 2010 12:53am
Quoting Setebos
Something to think about

http://www.ted.com/talks/michael_she...d.com-talkpage
Technical Analysis Fallacy
  • #16,931
  • Edited 12:19pm Jun 23, 2010 1:04am | Edited 12:19pm
eyes open uj 9027-34 area
gu 4811-4797
au 8662
  • #16,932
  • Jun 23, 2010 1:22am Jun 23, 2010 1:22am
Quoting Setebos
Something to think about

http://www.ted.com/talks/michael_she...d.com-talkpage

Very interesting - thanx!

"Patternicity" ......
  • #16,933
  • Jun 23, 2010 1:29am Jun 23, 2010 1:29am
Quoting fti
large players have vested interest in this rally
as seen from 8 june
they need time to unload and distribute.
if the market splashes they are screwed.
If they can use other supported markets to(lean) cross off the pressure, they buy time.
now pressure is coming from daily reversal and sell pressure is building.
if they manage support for the longest time that sell pressur discipates.
Thats why the market is behaving wierd.

As can be seen in hourly charts, the cable is firm and supported by goo fundementals.
So that strength is being used to defray...

Thanx you fti, for your insightful session.
Unfortunately I missed it ....

Especially that part cited above is very interesting to me.
From my memory we have not put much focus on this way of looking behind the curtains ...

Thx.

Hope I'll get your session live next time.

CU,
MaMood
  • #16,934
  • Jun 23, 2010 1:36am Jun 23, 2010 1:36am
eyes open watching how areas respond
gu 4841
eu 2288
au 8713-31
  • #16,935
  • Jun 23, 2010 3:33am Jun 23, 2010 3:33am
Hi, guys.

During the weekend I sat on one table with a guy that has been trading stocks for several years. He asked me how was my trading going and I said I can make 1-3% a day. His response was that according to specialist and analysts this is huge profit and I must be using reckless money management. Then he asked me if I used stop loss and I said no. His face was ... I wish I had taken a picture of his face

This is an interesting interview, I like the style of the NIA guys.

Inserted Video
#!

Regards, MyTbo
  • #16,936
  • Jun 23, 2010 3:56am Jun 23, 2010 3:56am
Quoting Setebos
Something to think about

http://www.ted.com/talks/michael_she...d.com-talkpage
Thanks for that. Very educational and I laughed my ass out at the experiment they did at the end still laughing
  • #16,937
  • Jun 23, 2010 8:06am Jun 23, 2010 8:06am
Quoting fti
well, in what context do you want the help.
In the context of the discussion then it could be VWXYZ and it wouldn't change anything. Its just points of reference on a chart indicating impulse turns and movement.


regards
I think, the confusing part is how to interpret your sequence into chart.
I've attached the scenario you put up and the chart I draw.
I still do not know where to profit taking happens.

http://www.forexfactory.com/showpost...postcount=1423
Quote
Let me give you a hypotical scenerio.
lets say (for example only), (in reality I have much more muscle than this)that the fibo expansion is my MM play, ie 1,1,2,3,5,8
Now thats 20 sections.
I send in 1 scout (wave AB), he plays well and I decide to check him, I send in 1 checker, which is my level 2 (wave CD)
and level 2 plays well,that would mean that wave CD is short and plays above wave AB. If wave EF retraces then i would be forced to invoke rescue 5 and I go into rescue mode.

If EF did not do that then the instance of the attack would...
Attached Image (click to enlarge)
Click to Enlarge Name: sequence.png Size: 9 KB
  • #16,938
  • Edited 8:23am Jun 23, 2010 8:12am | Edited 8:23am
incrediblefx,
When e leg pushing up, total position already in money(size matters).
  • #16,939
  • Edited 8:53am Jun 23, 2010 8:19am | Edited 8:53am
Quoting incrediblefx
I think, the confusing part is how to interpret your sequence into chart.
I've attached the scenario you put up and the chart I draw.
I still do not know where to profit taking happens.

http://www.forexfactory.com/showpost...postcount=1423
In your picture, e is under c.... this is can be bearish...
See, what the price do after what you think is impulse.... Speed...? What is the behaviour... Watch time, how quickly price moves.... and where are some zones of "obstruction". When you can see slow motion one direction and after some time quick big candle opposite direction.... So into your picture i wouldnt implement attack....
And i would like to add, that you have to be "elastic". because when not, you will be with mega ball somewhere..... These rules are not "predictions".... Watch PA. Play emotions with the market.

Important is to see some time-window of what you are doing... because it is normal, when you see "impulse" to get in at the moment, when it is turning.... So take it from bigger perspective then...

Your picture is bad. It is not attack what is actuall on your picture....
  • #16,940
  • Jun 23, 2010 8:41am Jun 23, 2010 8:41am
Here...
Attached Image (click to enlarge)
Click to Enlarge Name: sequence.JPG Size: 13 KB
13 traders viewing now