Technical Analysis Fallacy | Page 958 | 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

  • #19,141
  • Sep 20, 2010 5:25am Sep 20, 2010 5:25am
Thank you to everyone on this thread who contribute to the change of trade more effectively

Some time ago I looked at my old charts ...
This lasted a few seconds and I could not look more ... many unnecessary things ...
  • #19,142
  • Sep 20, 2010 6:43am Sep 20, 2010 6:43am
I just wanted to ask fti and his bank of wisdom what the point of a feeler trade was but anyone else that could fill me in, that would be grand also. Specifically, how they are related to human emotions? How are they different from simply standing back and objectively observing what is going on? And lastly, is there any general rule as to how big those feeler trades should be?
  • #19,143
  • Sep 20, 2010 7:02am Sep 20, 2010 7:02am
Something happen, I will be away for some time.

Good Fortune.
regards
  • #19,144
  • Sep 20, 2010 7:13am Sep 20, 2010 7:13am
Quoting fti
Something happen, I will be away for some time.

Good Fortune.
regards
Hi FTI,
I hope that your absence is temporary and is not related to health
  • #19,145
  • Sep 20, 2010 7:20am Sep 20, 2010 7:20am
Quoting fti
Something happen, I will be away for some time.

Good Fortune.
regards

Hmmmh

Hope your comment is related to the markets.
Otherwise I hope to see you back in good health!

Kind regards,
MaMood
  • #19,146
  • Sep 20, 2010 7:32am Sep 20, 2010 7:32am
Hi,

a short summary of the trading day so far:

1219 GMT [Dow Jones] EUROPEAN SUMMARY: The euro recovers in light trade Monday despite lingering concerns over Ireland and Portugal while equities put in a strong performance and European government bonds suffer accordingly. Although Friday's IMF/Ireland story has pretty much been discounted, both Irish and Portuguese bond yield spreads over Germany widen to record highs as the markets builds in concessions ahead of supply from both this week. However, concerns that the FOMC may move on more QE at Tuesday's meeting also weigh on the greenback. Sterling sharply underperforms from the open with Rightmove reporting a 1.1% slump in September house prices, the BOE saying lending to businesses fell for the fifth straight month and M4 broad money supply, at 1.8% on the year, is the lowest since records began. A mid-session comment from Moody's that the UK's AAA rating will withstand economic challenges stabilizes sterling at lower levels. Elsewhere, Japan is closed so USD/JPY interest is minimal, AUD/USD prints a fresh two-year high of 0.9469 after PM Stevens hints at higher interest rates and the Swedish Krona recovers from its post-election sell-off after PM Reinfeldt's coalition fails to win a majority. EUR/SEK trades at 9.19 from a high of 92.26, USD/JPY ranges between 85.50 and 85.84, EUR/USD peaks at 1.3122 from Asia's 1.3034 lows while GBP/USD loses one cent from its 1.5684 highs. European government bonds trade in negative territory, December bunds are down 0.20 at 129.57 while December gilts are off 0.18 at 122.31. The main European bourses are up between 0.5% and 1% and gold hits another record high of $1283oz. ([email protected])

Dsaclaimer: Be aware of possible Cow Dung included ;-)
  • #19,147
  • Sep 20, 2010 7:33am Sep 20, 2010 7:33am
Quoting Atomic_Sheep
I just wanted to ask fti and his bank of wisdom what the point of a feeler trade was but anyone else that could fill me in, that would be grand also. Specifically, how they are related to human emotions? How are they different from simply standing back and objectively observing what is going on? And lastly, is there any general rule as to how big those feeler trades should be?
what do you mean by feeler trades? scout? there is plenty on that subject covered already. dig in.
  • #19,148
  • Sep 20, 2010 8:04am Sep 20, 2010 8:04am
Quoting fti
Something happen, I will be away for some time.

Good Fortune.
regards
Not to scare me.Blessings to you and all good for you.
  • #19,149
  • Sep 20, 2010 8:48am Sep 20, 2010 8:48am
Quoting piccolo
what do you mean by feeler trades? scout? there is plenty on that subject covered already. dig in.
It's just that I did a search for scout and got 1318 pages! lol
  • #19,150
  • Sep 20, 2010 12:03pm Sep 20, 2010 12:03pm
Quoting Atomic_Sheep
It's just that I did a search for scout and got 1318 pages! lol
Already have read 791 pages and still reading ...
A lot of practical information.
Reading, practice and ask questions it makes more sense than just asking questions
Be honest and hardworking , and many people on this thread will help you with
Shortcuts in the forex is an illusion, a trap ...
Be careful, patient and spanned more than hard work on the key words that seem to save time.

Good luck!
gart
  • #19,151
  • Sep 20, 2010 4:28pm Sep 20, 2010 4:28pm
Quoting gart
Already have read 791 pages and still reading ...
A lot of practical information.
Reading, practice and ask questions it makes more sense than just asking questions
Be honest and hardworking , and many people on this thread will help you with
Shortcuts in the forex is an illusion, a trap ...
Be careful, patient and spanned more than hard work on the key words that seem to save time.

Good luck!
gart
You are correct gart. We keep telling people to read the first 200 pages and I think they expect some magic to occur after that. Even though the core information is contained within those pages most will not get it until they put it into practice, be patient, ask questions and do pretty much as you have described above.
  • #19,152
  • Sep 20, 2010 10:08pm Sep 20, 2010 10:08pm
Quoting Zoran
be patient, ask questions and do pretty much as you have described above.
Which is the point I was making... I've read the first 100 pages or so, the point is, this is the question that I can't figure out so I'm asking for further clarification as searching through brute force has yielded no responses.
  • #19,153
  • Edited 11:19pm Sep 20, 2010 10:58pm | Edited 11:19pm
Quoting Atomic_Sheep
Which is the point I was making... I've read the first 100 pages or so, the point is, this is the question that I can't figure out so I'm asking for further clarification as searching through brute force has yielded no responses.
List your questions ....but i hope u do ask good questions....as asking what is feel of the market...well that makes me think as it is clearly u havent read clearly.....thats all...


V
  • #19,154
  • Sep 21, 2010 1:25am Sep 21, 2010 1:25am
Watch the calendar today. There will be FOMC Statement and Funds Rate. In case they do actually announce more Quantitative Easing, there will be fireworks.

Be nimble, at least in the evening.
  • #19,155
  • Sep 21, 2010 1:34am Sep 21, 2010 1:34am
Good Morning Friends of the Dance!

Seems we are battling around 8550 again.
As piccolo has said, the market is waiting for the FOMC statement later in this trading day.

So let's have some cautious fun in a probably ranging market ...

CU,
MaMood
  • #19,156
  • Sep 21, 2010 1:40am Sep 21, 2010 1:40am
Good morning Atomic_Sheep,

not sure about calculations of scout sizes in relation to your capital.
But if I remember right, in the early days of TAF northpro has made some comments about it. And there are some hints in LuSan'S trading journal (not the recent one, but his first).

Maybe you'll find some hints there ....
But honestly I have to support of all the other seniors before: You have to read a lot to get a good understanding of the presented stuff. Doing so will give you enough konwledge to determine a useful/wise Scout size by yourself ...

CU,
MaMood
  • #19,157
  • Sep 21, 2010 1:47am Sep 21, 2010 1:47am
Recent market sentiment:

ASIAN SUMMARY:
Regional markets mixed;
Nikkei down 0.3%,
S&P/ASX 200 off 0.1%,
Shanghai Composite down 0.1%,
HSI +0.1%, Sensex +0.3%,
Taiex +0.1%,
STI +0.1%,
KLCI +0.2%,
NZX-50 +0.6%.
South Korean markets shut for holiday.
In FX markets, all eyes on Fed's FOMC meeting outcome later;
  • #19,158
  • Sep 21, 2010 2:10am Sep 21, 2010 2:10am
I love my Lady !!!!
  • #19,159
  • Sep 21, 2010 2:52am Sep 21, 2010 2:52am
Hey - no dancers out there?
It's just boring to watch the charts only ...
  • #19,160
  • Sep 21, 2010 2:55am Sep 21, 2010 2:55am
Quoting MaMood
Hey - no dancers out there?
It's just boring to watch the charts only ...
Hey Niels,

I'm in the markets too - sliding down with gold and looking for direction in CAD (my beloved ones lately ). Howz your day going? Teasing BoJ again?
7 traders viewing now