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Technical Analysis Fallacy

  • #17,961
  • Aug 9, 2010 9:45pm Aug 9, 2010 9:45pm
Quoting dracozny
definitely look for posts like http://www.forexfactory.com/showpost...postcount=1256
Inserted Video
  • #17,962
  • Aug 9, 2010 10:04pm Aug 9, 2010 10:04pm
Quoting auxesis
http://www.youtube.com/watch?v=0fFoE...eature=related
  • #17,963
  • Aug 9, 2010 10:20pm Aug 9, 2010 10:20pm
Quoting auxesis
http://www.youtube.com/watch?v=0fFoE...eature=related
sure if they only read that and nothing else, might as well just hand me all their money.
I didn't find the crash spectacular though
  • #17,964
  • Aug 10, 2010 2:17am Aug 10, 2010 2:17am
Quoting paul1
No indianguyinny I no longer do these things just trying to show others examples of what i used to do before i took on this method.
Maybe some viewers still are ,and still don't realise why good trades are turning to loosers.
most brokers and educators advice the use of stops.
And why shouldn't they, after all how else can they take you out of your trade.
This method of getting out of a negative trades or even turning them positive at the very least beats the broker problem.
Remember that your trigger finger is your stop loss now

It can get tricky.
  • #17,965
  • Aug 10, 2010 2:22am Aug 10, 2010 2:22am
Quoting Cfn
Hi Setebos,

..

Anyway just for your information, Namaste is not my name, it is a greeting and salutation that has a deep meaning, which basically means, I recognize the Divine in you and bow to that, symbolizing the Oneness regardless of race/gender/religion/class etc etc.

..
Namaste
Noted, thank you, didn't know that and it looked like signature with your name to me. Good luck with your learning, I hope it does turn out to be life changing as it was to me.

Regards
  • #17,966
  • Aug 10, 2010 2:26am Aug 10, 2010 2:26am
Quoting Setebos
Noted, thank you, didn't know that and it looked like signature with your name to me. Good luck with your learning, I hope it does turn out to be life changing as it was to me.

Regards


Inserted Video
  • #17,967
  • Aug 10, 2010 4:48am Aug 10, 2010 4:48am
Quoting auxesis
http://www.youtube.com/watch?v=0fFoE...eature=related
  • #17,968
  • Edited 6:09am Aug 10, 2010 5:57am | Edited 6:09am
Quoting dracozny
sure if they only read that and nothing else, might as well just hand me all their money.
I didn't find the crash spectacular though
Throw a Yard at the market version..
Inserted Video


Sweating with my micro lot version..
Inserted Video


Training Demo version...
Inserted Video
  • #17,969
  • Aug 10, 2010 4:39pm Aug 10, 2010 4:39pm
i hope everyone is OK after todays events...

Inserted Video


always exiting the fomc meetings.....

kind greets, pax
even with my eyes open i cannot see everything
  • #17,970
  • Aug 10, 2010 10:31pm Aug 10, 2010 10:31pm
Quoting auxesis
Throw a Yard at the market version..
http://www.youtube.com/watch?v=9LpCI...eature=related

Sweating with my micro lot version..
http://www.youtube.com/watch?v=K6Ggb...eature=related

Training Demo version...
http://www.youtube.com/watch?v=hvkIR...eature=related
deep
  • #17,971
  • Aug 11, 2010 3:05am Aug 11, 2010 3:05am
Mr fti...

have you seen these guys before ? http://www.sixcapital.sg/

Check out their profile...interesting stuff they do...

  • #17,972
  • Aug 11, 2010 5:03am Aug 11, 2010 5:03am
eur/usd awkward for me now been bullish but not sure now 3 days down.
may have peaked.?
making green pips large and red pips small this is my goal.
  • #17,973
  • Aug 11, 2010 5:12am Aug 11, 2010 5:12am
Quoting paul1
eur/usd awkward for me now been bullish but not sure now 3 days down.
may have peaked.?
If the song doesn't feel right stay out of the dance floor until it does. Or simply go dance in another club
  • #17,974
  • Aug 11, 2010 5:24am Aug 11, 2010 5:24am
Quoting Setebos
If the song doesn't feel right stay out of the dance floor until it does. Or simply go dance in another club


Inserted Video
  • #17,975
  • Aug 11, 2010 6:26am Aug 11, 2010 6:26am
Quoting Setebos
If the song doesn't feel right stay out of the dance floor until it does. Or simply go dance in another club
It only plays 2 songs so no need for new club.
just decide which song best for profit taking.
doesnt really matter just that one will be more profit an easier than other.
Thanks for reply tho.
making green pips large and red pips small this is my goal.
  • #17,976
  • Aug 11, 2010 6:33am Aug 11, 2010 6:33am
Quoting Setebos
If the song doesn't feel right stay out of the dance floor until it does. Or simply go dance in another club
Lol just thought, All the clubs play same 2 songs "up" and "down"
Be silly keep changing club?
making green pips large and red pips small this is my goal.
  • #17,977
  • Aug 11, 2010 8:33am Aug 11, 2010 8:33am
Quoting paul1
Lol just thought, All the clubs play same 2 songs "up" and "down"
Be silly keep changing club?
I have never been to such a club where only 2 songs were played.
  • #17,978
  • Edited 9:54am Aug 11, 2010 9:36am | Edited 9:54am
Quoting Setebos
If the song doesn't feel right stay out of the dance floor until it does. Or simply go dance in another club
Setebos,

Made me remember line wrote by mahesh..without thinking....


Those who dance are considered fool by those who cannot hear the music...

V

PS: Anyone know if BOJ is coming to check Yen ???
  • #17,979
  • Aug 11, 2010 10:34am Aug 11, 2010 10:34am
Quoting piccolo
I have never been to such a club where only 2 songs were played.
what other songs can price play ?
Apart from "up" or "down"
Assuming the club you mention is currency pairs.
Please give examples of the songs you look for other than to two mentioned.
making green pips large and red pips small this is my goal.
  • #17,980
  • Aug 11, 2010 11:03am Aug 11, 2010 11:03am
Quoting paul1
Hello atomic sheep i think i used to do same as you with analysing,
but once i've decided from daily/hourly timeframe which way the trend is,
thats the analysis done .
Your a long player or short based on your analysis.
So throw small scout in when you feel its gonna go your way.
then react with price (dance)
always know were your average price is.
a)Price goes your way add a little keeping average away from you so you can get out with profit even if it reverse a little.
b)Price goes against you got decide 1)you wanna get scout out now.
2)wait...
Thanks for your response Paul. I didn't quite understand what you were talking about on my initial reading but today I had a profound eureka moment and I believe that now I understand what you were talking about and what it is that I was doing wrong. Getting closer to the truth little by little.

I do have another question which I have formulated as a result of my new insights. My question is this... when people initially get into trading, they have false beliefs regarding what markets are, what they do and how one goes about making money from them. I think this is a universal truth and very little people without financial backgrounds and even those with financial backgrounds, actually understand how to tame the markets and profit in the process. The question is this, the latter people, have less fallacies about the market to begin with and they essentially learn to trade from experience i.e. from their trials and tribulations. The former people, like me for example, are ones who get into trading for all the wrong reasons and then later realise what it's all about (or at least come closer to it) but due to the initial trading that they did based on false beliefs, they acquired some bad habits of greed, fear etc as a result of trading with the wrong outlook on what this business is all about. So really, I just wanted to discuss this issue a bit more if you guys don't mind. I just wanted to see other peoples opinions on this. Sure it's the classic story of teaching an old dog new tricks but at the same time I feel like there's more to it.
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