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Technical Analysis Fallacy

  • #20,521
  • Dec 1, 2010 2:54pm Dec 1, 2010 2:54pm
http://www.thetrumpet.com/index.php?q=7701.6280.0.0

By Bernake
  • #20,522
  • Dec 2, 2010 3:46am Dec 2, 2010 3:46am
Quote:
Originally Posted by berlinwong1 http://cdn.forexfactory.com/images/buttons/viewpost.gif
No matter how others adorn with efficacious and beautiful language to convince Technical Analysis Fallacy. I stand stead fast with Technical Analysis.

Trade via feel the trend is not appropriate. I would rather trade with gauge and parameter.

You haven't read the thread.

Are you sure auxesis?

Have you read the whole tread?

Here is the prove.

Quote:
Originally Posted by aiyahmarklah http://cdn.forexfactory.com/images/buttons/viewpost.gif
Dear fti, thank you once again and congrats on your wedding anniversary.

Throughout the thread, you emphasis on "feeling" the trend, "pulsing" the market, and "dancing" with price.

You also mentioned the foundational need of knowing price action, ie chart patterns etc. (of course not making assumptions)

Arggg, I dont know how to ask you this, basically your analogy of "dancing" does not neccassary refer to textbook theory of PA and chart pattern right ? Its that the pip movement feel so intuitive right that you make a probe bet...

Hi aiyahmarklah,

You are technically correct.
Analysis skills is an advantage that is accorded a nimble trader who can feel the flow of the market. Of course if you had privy to orders flow it will clear up lots of analysis uncertainties.
Only that Technical analysis is helpful to a trader who can analyse the flow independent of the ego blinding that affects many traders.You may want to use the Techs, esp the MAs to help guide you into the flow of the markets, but only as guide, if you are a novice at the markets. A trader will have to be able to from form feel the market , to determine if the risk flow is in tune to whats happening in realtime. Otherwise its all only illusional esp to traders that have the ego scorpions.

Overtime you will find that this "feel" and dance skills take predominance in your trade vis a vis technicals as you would be more in the market than trading on expectations. As you gain more trade experience, many of us will drop that expectations and trade in tune to flow , which would enhance your P&L tremendously.

Generally skill sets have a rigidity to its capabilities , while ability to dance the flow is very dynamic in its ability to strategise and atune to the markets gyrations.

Chart patterns can mutate over time, and without the ability to manual override it would normally put traders into the "hope" mindset which can prove very dangerous to the book's health.

I am not really against most form of Technical Analysis except for when they are used in a "predictive" manner.
or used as mechanical triggers. These are the worst manners in which to navigate a live and dynamic market.

Hope this helps to clear your thinking a little.

Lesson to learn, be wise.
  • #20,523
  • Dec 2, 2010 3:53am Dec 2, 2010 3:53am
Quote:
Originally Posted by berlinwong1 http://cdn.forexfactory.com/images/buttons/viewpost.gif
No matter how others adorn with efficacious and beautiful language to convince Technical Analysis Fallacy. I stand stead fast with Technical Analysis.

Trade via feel the trend is not appropiriate. I would rather trade with gauge and parameter.

OK to all the people.
there is perculiarities in your market access.
So last piece of advice.
DO NOT WALK INTO A GUN BATTLE WITH KNIFES.
If you insist to trade, trade cash, ZERO leverage.

err, berlinwong1, who do you imagine you are. AND, why are you here ?
No one is trying to convince you of anything. Nor anyone have the time to do so. So try clear out of your illusions. To each his own, huh?


regards

I imagine I'm a human. I'm here as i feel you're in great dellusion. Indeed no one is trying to convince me of anything. Nonethless I don't like unethical people to convince other people in media. About so called Technical Fallacy

Anyway I won't read your next relpy I've changed my e-mail.
bye
  • #20,524
  • Dec 2, 2010 6:55am Dec 2, 2010 6:55am
Quoting berlinwong1
Quote:
Originally Posted by berlinwong1 http://cdn.forexfactory.com/images/buttons/viewpost.gif
No matter how others adorn with efficacious and beautiful language to convince Technical Analysis Fallacy. I stand stead fast with Technical Analysis.

Trade via feel the trend is not appropriate. I would rather trade with gauge and parameter.

You haven't read the thread.

Are you sure auxesis?

Have you read the whole tread?

Here...

berlinwong1,

Yes I have.

Did you understand FTI's answer to Mark regarding Technical Analysis, i.e. predictive vs. feel? It's all about the way you approach the markets.

I'll wait for your answer in July 2011.

regards
  • #20,525
  • Dec 2, 2010 7:04am Dec 2, 2010 7:04am
Inserted Video


song stuck in my head , cant shake it off
im into rocks n classic , but sometime some really catchy pop song gets stuck and hard not to repeatedly listen to it
To Live is the rarest thing in the world , Most people exist , that is all
  • #20,526
  • Dec 2, 2010 7:24am Dec 2, 2010 7:24am
Quoting auxesis
berlinwong1,

I'll wait for your answer in July 2011.

regards
LOL -- that is really funny!
  • #20,527
  • Dec 2, 2010 7:26am Dec 2, 2010 7:26am
....it is true...at the end of the day it's all about feeling the market. Can I show you something that is practical and actionable ? Yes, but I won't show you. Thank you for the liquidity and pips berlinwong1.

mark
  • #20,528
  • Dec 2, 2010 7:42am Dec 2, 2010 7:42am
Quoting berlinwong1
Quote:
Originally Posted by berlinwong1 http://cdn.forexfactory.com/images/buttons/viewpost.gif
No matter how others adorn with efficacious and beautiful language to convince Technical Analysis Fallacy. I stand stead fast with Technical Analysis.

Trade via feel the trend is not appropiriate. I would rather trade with gauge and parameter.

OK to all the people.
there is perculiarities in your market access.
So last piece of advice.
DO...
Berlinwong1, this is an on-line community that meets here with a well-know purpose, and in support of fti's teachings. So, when you enter here to announce your support for and convictions about technical analysis, its like someone going to a fooball match and complaining the no one is playing basketball. I hope you can find a few threads here at FF that match you needs and interests. This is probably not one of them and will lead to a lot of frustration for you. Good luck and best wishes.

BTW -- auxesis knows more about TA than nearly anyone on FF. You would be wise to listen to his advise about TA and trading in general.
  • #20,529
  • Edited 8:31am Dec 2, 2010 8:21am | Edited 8:31am
Quoting berlinwong1
Quote:
Originally Posted by berlinwong1 http://cdn.forexfactory.com/images/buttons/viewpost.gif
No matter how others adorn with efficacious and beautiful language to convince Technical Analysis Fallacy. I stand stead fast with Technical Analysis.

Trade via feel the trend is not appropiriate. I would rather trade with gauge and parameter.

OK to all the people.
there is perculiarities in your market access.
So last piece of advice.
DO NOT WALK...
Hi berlinwong1


if we look at the CHART, so I'm doing technical analysis (chart - it is the show prices in the time)

You want to ... auxesis confirm for you ... your assumptions, imagination mind?

Rgs
  • #20,530
  • Dec 2, 2010 8:23am Dec 2, 2010 8:23am
Quoting maheswara
http://www.youtube.com/watch?v=QHpvl...eature=related

song stuck in my head , cant shake it off
im into rocks n classic , but sometime some really catchy pop song gets stuck and hard not to repeatedly listen to it
Hi maheswara

not available to me

Rgs
  • #20,531
  • Dec 2, 2010 8:40am Dec 2, 2010 8:40am
Guys,

please old aux out of the conversation.

a
  • #20,532
  • Edited 10:21am Dec 2, 2010 9:57am | Edited 10:21am
:nerd:my TA
Inserted Video

Inserted Video

Inserted Video
  • #20,533
  • Dec 2, 2010 1:42pm Dec 2, 2010 1:42pm
Quoting MaMood
Hi Gro,

not sure if I have ever seen your Battlestation screen before here in the thread.
Cool!
And congrats that you are still without cigarettes!
Thanks MaMood
  • #20,534
  • Edited 5:17pm Dec 2, 2010 5:04pm | Edited 5:17pm
Quoting maheswara
http://www.youtube.com/watch?v=QHpvl...eature=related

song stuck in my head , cant shake it off
im into rocks n classic , but sometime some really catchy pop song gets stuck and hard not to repeatedly listen to it
PS Does anyone have any information about FTI?

today ...
Attached Image (click to enlarge)
Click to Enlarge Name: 021210plocha.gif Size: 94 KB
  • #20,535
  • Dec 3, 2010 1:18am Dec 3, 2010 1:18am
Quoting Gro
PS Does anyone have any information about FTI?

today ...
I am also concerned about fti's well being .......

I have a question for Gro - your screen looks like Saxobank, if yes, what is your experience with them? I am not impressed by their customer relations but have an account with them because they bought up my bank. I find their order book difficult to use with TAF method and the way they continue to show running P/L for closed positions confuse me (probably has to do with the broker 3 days thingy).

I also find it strange although they are not ECN they charge commissions for lot size under 50,000 (is it the same for you or is it just my small/new customer treatment?) Interactive Brokers charge commissions but their spread is much tighter and minimum lot size smaller.

I have accounts with Interactive Brokers, Saxo and Oanda and have practised TAF trading demo mode in all three. I find Oanda best suited for TAF skews, IB is good as all round broker and their Forex spread is tight but their accounting method is maddening if quote currency is not the same as account base currency.

Anyone using these 3 brokers? Comments welcome!

Rgs,
Baifu
  • #20,536
  • Dec 3, 2010 1:33am Dec 3, 2010 1:33am
Quoting Baifu
I am also concerned about fti's well being .......

I have a question for Gro - your screen looks like Saxobank, if yes, what is your experience with them? I am not impressed by their customer relations but have an account with them because they bought up my bank. I find their order book difficult to use with TAF method and the way they continue to show running P/L for closed positions confuse me (probably has to do with the broker 3 days thingy).

I also find it strange although they are not ECN they charge commissions for lot size under 50,000...
Hi Baifu,

of course it depends on your account size and if you need that widely variable Lotsize of Oanda. If not I would give MT4 a try. There are some reasonable/reliable broker out there ...

I myself pondering to switch to FXCM atm.
They are offering really cool "active trader" conditions.
Have not seen any other broker that could compete with it.
The platform is ok too.

If you need some more detailed info's, please contact me by PM.

CU,
MaMood
  • #20,537
  • Dec 3, 2010 1:34am Dec 3, 2010 1:34am
Quoting Baifu
Anyone using these 3 brokers? Comments welcome!
I have an account with SAXO, but after trying out their platform shortly, I don't trade FX with them anymore.

My complains are the following:

1. their platform is slow, to load and execute trade, when compared to mt4.

2. their stop hunting /spite is horrible. This is especially so when I trade Asain session, and they can have a spite that is 50 pips while other platform don't have that (or much smaller spite).

3. maybe it is because of my local authority's reguration, the leverage is only 50 (or smaller? not sure).

4. they charge commission for FX trade size <50k, and don't seems to have a good spread to compensate that.

I don't use them for FX anymore. Currently I am on FXDD, not as good as I want, but not much complains.

Just my personal experience.
  • #20,538
  • Edited 9:00am Dec 3, 2010 7:59am | Edited 9:00am
scaled back and most off the table from e/u 2970 area.
eyes open 3328 area, and how she responds.

looking at e/u dec. monthly chart
4126
3310-3410
2487
with eye on 3328 friday daily chart

lets see if we get back with the major trend, if we start trading above 3410 area my bias would change to up.
So much for bias, lets just follow her.
  • #20,539
  • Dec 3, 2010 2:48pm Dec 3, 2010 2:48pm
Thank you Mamood and hcong for the feedback. I will check out FXCM and FXDD demo. I am happy with the Oanda no frill platform and trade tables but their server stability leaves something to be desired.

Mamood: curious about the cool active trader conditions you mentioned, wil pm you about that, thanks again.

Rgs,
Baifu
  • #20,540
  • Dec 3, 2010 4:24pm Dec 3, 2010 4:24pm
Quoting Baifu
Thank you Mamood and hcong for the feedback. I will check out FXCM and FXDD demo. I am happy with the Oanda no frill platform and trade tables but their server stability leaves something to be desired.

Mamood: curious about the cool active trader conditions you mentioned, wil pm you about that, thanks again.

Rgs,
Baifu

Baifu. Interactive brokers are totally awesome. Totally transparent, honest,deposit safety etc. and tecnologically awesome. In the past one year the only outage I had lasted 7 minutes(my connection remains on 24/5) and that too during new york lunch hours. don't know about the rest though, saxo has a nasty reputation though
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