"Thinking Heart & Feeling Brain"
The Ultimate Fallacy in Technical Analysis 99 replies
Technical Analysis Fallacy Redux 23 replies
Statistical analysis fallacy 33 replies
Dislikedhappy new year,FX4Newbies, the world's changing, and i am dinoursaur soon.
Ask the peeps on ff, they would be up to date.
otherwise WILEY, have cataloged tons of read materials.
DislikedHappy new years everyone!
btw, attached is my interpretation of 3k (now having the info accompanying gro's 3k picture)
1) G rises to top out (no higher high), E rises and then repulsed by G, U heads down (in sync)
-up to point 1 bias is UP on E.
2) Y finds bottom (no lower low), effort to turn G and U down, E & J out of sync for a bit (CB activity?)
3) Y is forcing E down hard, strength strong enough to turn G down
4) E struggles up (out of sync w/ G & Y), G and Y in effort to keep E down
5) down strength...Ignored
DislikedThanks Gro, the line with 2 arrows show the growing size of the volatility right?
I find it unsettling that although the 3k trend might be down, there exist multiple correction days-like points 3-4. Would you still choose daily bias as down? On 5 min someone could lose a lot of money if bias is down between points 3-4.
Rufus, I'm using an indicator I found of forex-tsd called chartoverlay. It seems to work ok. Anyways, I am waiting for the OP of the indicator for further instructions (I can't seem to get mine to work either..maybe need compiling...Ignored