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Technical Analysis Fallacy

  • #20,921
  • Dec 30, 2010 11:55am Dec 30, 2010 11:55am
Quoting fullperson
@Indianguyinny, thanks for the heads up on my mentality training. Thanks for your input, it's nice to know that at least I have the 3K setup correct.

Anyways, I was wondering what everyone's opinion on the 3K was today..or rather yesterday lol (12/29)? I am looking at 3k via the 5m TF (is this the correct TF for 3K?). When I said that the up run was likely to be over I meant its impulse. Sorry if that caused confusion. I came to the conclusion because of a strong s/R line above the EU, decreased volatility in GU, EU and UJ (It "felt" like it...
Hi fullperson

location of several graphs in one window, in the MT4 only with script.I do not use MT4 ... but to open the graphs one under the other, doing the same job
Rgs
  • #20,922
  • Dec 30, 2010 12:04pm Dec 30, 2010 12:04pm
Quoting fullperson
uh oh...GU and UJ are aligned, but not EU. I pulsed the GU and UJ somewhat correctly for 40 pips after a short rescue due to timing. Now however, the EU is disjunct from GU and opposing my position. I guess the question is...how long can I hold on till the EU reverts back to its correlation...will it revert?

Is this the capital "flow" I heard about-aka when two pairs start to act alike when they should not?
last picture that I gave and your picture I read only: effort "G" and "Y" to turn the "E"down ...

PS but be careful I'm not in the market
  • #20,923
  • Dec 30, 2010 12:05pm Dec 30, 2010 12:05pm
That's one of my many q's, how do you merge charts into one window? Wouldn't that influence the axis? I want to see the volatility band, but I can't put charts on top of charts like that.

@Fana, thanks for the advice. Just to make sure, you mean I should rescue it right? Is there a way to hedge properly-like sell GU? Anyways I do not see a possible place to rescue-and UJ is dropping. Alignment is somewhat complete. GU is still leading. I think I will cut position off now-lack of rescue points. I am watching 3Ks for confirmation to set buy position.
  • #20,924
  • Dec 30, 2010 12:12pm Dec 30, 2010 12:12pm
Quoting fullperson
That's one of my many q's, how do you merge charts into one window? Wouldn't that influence the axis? I want to see the volatility band, but I can't put charts on top of charts like that.

@Fana, thanks for the advice. Just to make sure, you mean I should rescue it right? Is there a way to hedge properly-like sell GU? Anyways I do not see a possible place to rescue-and UJ is dropping. Alignment is somewhat complete. GU is still leading. I think I will cut position off now-lack of rescue points. I am watching 3Ks for confirmation to set buy position....
Fullperson. You have to know what to do self. Ask yourself due to your capitalization, position and mind state and the market. No recomendations. Your feelings must be trained. Its practise. If i can recomend st., its just :read the thread.
  • #20,925
  • Dec 30, 2010 12:21pm Dec 30, 2010 12:21pm
Quoting fti
Thankyou fxtsun, my heart now very peaceful, very calm.

God Bless
regards
Buddha says:
"Everything has a beginning and an end, take note of this and all will be well"

Dalajlama says:
"Everything exists, exists only because that there exist a second"

gro says:
Stop fti trouble please
  • #20,926
  • Dec 30, 2010 12:24pm Dec 30, 2010 12:24pm
Gro:
Fullperson : This is now my current position. Just for relax...lol
Attached Image (click to enlarge)
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  • #20,927
  • Dec 30, 2010 12:44pm Dec 30, 2010 12:44pm
Inserted Video

Video tells itself everything. Who made this is genious.
  • #20,928
  • Dec 30, 2010 12:49pm Dec 30, 2010 12:49pm
ah, in retrospect it is not the pulse I have wrong. It is the directional bias (which should come from the larger volatility bands in the 3k right?). To get this straight, my 5min pulse for volatility is used for choosing skew size/possible entry /exit points whereas daily 3K is used for directional bias. Yes?

I'm currently using 3k "spinoff" on 5min to get pulse of how the three pairs dance together (obviously still on demo, so nobody freak out. I know 3K supposed to be for daily, but I use it for 5min to get feel for overall dance the pairs are doing)

Wouldn't the daily 3K volatility band bias cause us to lose nimbleness? Or maybe the directional bias is accurate enough such that the nimbleness forgone is worth it in the long run?

@nasir, I have MT4 and I can't seem to find a function in the platform to do that. If you have a script for that I would be very grateful if you posted it

@Gro, thankyou. Again, I really hate to continue asking so many questions so I definitely appreciate your input. I am very happy that you open your door when I knock

I read similar feel that you did. I would have taken a short that would have got about 48 pips ish, but I did not watch the market (was off watching part of a movie while eating...I'm on demo don't worry. I would never do that on live account).

lol, sneaky way to put charts together! Hopefully the axis is the same though

Thanks everyone!
  • #20,929
  • Dec 30, 2010 12:57pm Dec 30, 2010 12:57pm
Fullperson : You just have your own truth. Why? It seems to me, that you are only confirming your own thoughts. No?

And the market punishes. Because of my own folly, i lost 3months to earn money for the new account.


Quoting fullperson
ah, in retrospect it is not the pulse I have wrong. It is the directional bias (which should come from the larger volatility bands in the 3k right?). To get this straight, my 5min pulse for volatility is used for choosing skew size/possible entry /exit points whereas daily 3K is used for directional bias. Yes?

I'm currently using 3k "spinoff" on 5min to get pulse of how the three pairs dance together (obviously still on demo, so nobody freak out. I know 3K supposed to be for daily, but I use it for 5min to get feel for overall dance the pairs...
  • #20,930
  • Dec 30, 2010 1:02pm Dec 30, 2010 1:02pm
oh, I keep missing new comments while I type.
@fana, yes I understand, I knew I was ok. I felt that no positions to save, so cut off (even though I could hold on longer, but the opportunity to buy would have been forgone). I have made the 2/3 money back now with my recent buy position (which is now rounding off).

Anyways, I was asking about the rescue techniques. I hear that there's ways of transferring rescue from one pair to another. I have scout long now.

Do not feel you are obligated to answer my q's. In fact, some of them are mainly for my own purposes (like a diary).
Thanks
  • #20,931
  • Dec 30, 2010 1:05pm Dec 30, 2010 1:05pm
Quoting fullperson
I read similar feel that you did. I would have taken a short that would have got about 48 pips ish, but I did not watch the market (was off watching part of a movie while eating...I'm on demo don't worry. I would never do that on live account).

lol, sneaky way to put charts together! Hopefully the axis is the same though

Thanks everyone!
how to create habit ...
  • #20,932
  • Dec 30, 2010 1:06pm Dec 30, 2010 1:06pm
oh man...I missed your post while typing again fana

can you be more specific on you last post? Are you saying I'm falling into the trap where I rationalize all my moves?
  • #20,933
  • Dec 30, 2010 1:16pm Dec 30, 2010 1:16pm
Quoting fullperson
oh man...I missed your post while typing again fana

can you be more specific on you last post? Are you saying I'm falling into the trap where I rationalize all my moves?
easy to create bad habits, but difficult to remove ... subconscious remembers habits.
  • #20,934
  • Dec 30, 2010 1:18pm Dec 30, 2010 1:18pm
Quoting mijamoto
http://www.youtube.com/watch?v=ZtMm0...layer_embedded
Video tells itself everything. Who made this is genious.
Awesome
  • #20,935
  • Dec 30, 2010 1:19pm Dec 30, 2010 1:19pm
Quoting fullperson
oh man...I missed your post while typing again fana

can you be more specific on you last post? Are you saying I'm falling into the trap where I rationalize all my moves?
Now it is maybe funny. Remember it with real money...Good luck man. F
Attached Image (click to enlarge)
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  • #20,936
  • Dec 30, 2010 1:21pm Dec 30, 2010 1:21pm
Quoting Gro
how to create habit ...
ohhhh boy made some bad habits on demo and now its taking forever to get rid of them.

:@ fullperson iam attaching the indicators but no charts cause iam on my cell phone so check them out and see if they could help. will get back to my PC in a day or two.
Attached File(s)
File Type: ex4 OverLayChart-MA.ex4   11 KB | 533 downloads
File Type: ex4 OverLayChartLINE.ex4   11 KB | 531 downloads
  • #20,937
  • Dec 30, 2010 1:22pm Dec 30, 2010 1:22pm
Quoting Gro
easy to create bad habits, but difficult to remove ... subconscious remembers habits.

Hi all :-)

Very very true!
There is no MO like "just trading for fun".
Everything you do, every experience you make is well remembered by your subconscious. And it takes a large large effort to "undo" these experiences ..

So from my experience (cause I have not taken so above serious):
When ever you sit in front of your battlestations trade as serious as you can. Never press the buttons just for fun, because you are "only" on demo. There is no demo in your subconscious brain. There are only experiences and stored emotions.

Cu,
MaMood
  • #20,938
  • Dec 30, 2010 1:23pm Dec 30, 2010 1:23pm
yes-no bad habits from now on! (then do you guys eat in front of screen?!). The more habits I begin with,m the more I fight myself
  • #20,939
  • Dec 30, 2010 1:27pm Dec 30, 2010 1:27pm
Quoting fullperson
yes-no bad habits from now on! (then do you guys eat in front of screen?!). The more habits I begin with,m the more I fight myself
eating in front of screens is not a bad thing though......

right guys?
.
  • #20,940
  • Dec 30, 2010 1:44pm Dec 30, 2010 1:44pm
Quoting nasir.khan
eating in front of screens is not a bad thing though......

right guys?
.

That's not a bad habbit.
That is just inevitable when you are nursing your trades
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