Technical Analysis Fallacy | Page 1061 | 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

  • #21,201
  • Jan 5, 2011 12:10am Jan 5, 2011 12:10am
Will wait a little longer before I enter my scout.
Want to see if that move down on EU will be neutralized with the next M5 candle first ....
If not my bias is down then ....
  • #21,202
  • Jan 5, 2011 12:14am Jan 5, 2011 12:14am
tricky.
careful the size.
drop bias and swim flow.
Is virgin book, so not be aggressive.
Note thin markets too.
  • #21,203
  • Jan 5, 2011 12:18am Jan 5, 2011 12:18am
Quoting fti
tricky.
careful the size
True.
There is no guidance from equities (DAX) for now.
Maybe oil is trying to give a hint: IT#s going to test yesterdays low ...

Pondering to take the invitation from Lady Cable ...
  • #21,204
  • Jan 5, 2011 12:20am Jan 5, 2011 12:20am
Quoting fti
tricky.
careful the size.
drop bias and swim flow.
Is virgin book, so not be aggressive.
Yeah - will give the ladies some more time....
Good time to take a fresh coffee ....
  • #21,205
  • Jan 5, 2011 12:23am Jan 5, 2011 12:23am
aaaah:


0812 GMT [Dow Jones] There's a small tug-of-war going on in sterling, says a UK bank trader. A U.S. bank is buying GBP/USD in healthy amounts, while short-term accounts are selling GBP/CHF. At the moment the U.S. bank is winning, with GBP/USD trading at the day's high of 1.5608, as is GBP/CHF at 1.4828. ([email protected])

Disclaimer: Be aware of possible cow dung included ;-)
  • #21,206
  • Jan 5, 2011 12:25am Jan 5, 2011 12:25am
is gbp leading? EU seems to just be holding onto support, maybe attempt to load up on buys?
  • #21,207
  • Jan 5, 2011 12:28am Jan 5, 2011 12:28am
seems crosses flavour of the day.
euro cable
  • #21,208
  • Jan 5, 2011 12:34am Jan 5, 2011 12:34am
Eu short scout deployed at 3264
We will see ...
  • #21,209
  • Jan 5, 2011 12:34am Jan 5, 2011 12:34am
Quoting fullperson
is gbp leading? EU seems to just be holding onto support, maybe attempt to load up on buys?
thinking is no help, use eyes and free mind
locked mind will affect trigger finger.
  • #21,210
  • Jan 5, 2011 12:36am Jan 5, 2011 12:36am
looks like we might have a direction from Eu
  • #21,211
  • Jan 5, 2011 12:41am Jan 5, 2011 12:41am
Quoting fullperson
looks like we might have a direction from Eu
  • #21,212
  • Jan 5, 2011 12:43am Jan 5, 2011 12:43am
s x L2 x eu x 3245
  • #21,213
  • Jan 5, 2011 12:44am Jan 5, 2011 12:44am
Seems the US bank on cable has finnished for the moment ....
  • #21,214
  • Jan 5, 2011 12:46am Jan 5, 2011 12:46am
Quoting fullperson

I find that the 5min is essentially the only part that I vitally need. The daily 3k is useful to tell me where a price "may" change trends, which helps to decide whether to be aggressive in the future or not. However, it will not dictate that trading direction, the "flow" will do that based on how it responds to movements.
I'm coming more round to this idea myself. If you are not careful the HTF direction bias can have you defying the immediate flow. The strongest 'scorpion' I have to face is my brains obssession with 'anticipating' trend changes. I'm trying hard to discipline myself to trust my current reading of the tide and go with it.
  • #21,215
  • Jan 5, 2011 12:49am Jan 5, 2011 12:49am
Having an eye on EJ for additional insights ...
  • #21,216
  • Jan 5, 2011 12:52am Jan 5, 2011 12:52am
I'm out, seems UJ does not want to want to break support
  • #21,217
  • Jan 5, 2011 12:54am Jan 5, 2011 12:54am
b x L2 x eu x 3241 was expecting increasing moemntum, but it did not. So I reduce exposure again.
  • #21,218
  • Jan 5, 2011 12:56am Jan 5, 2011 12:56am
Quoting fti
You may be in for a surprise.
Many speak excellent english. But if you can speak Putong Hua, then the Quan Si(relationship) is better. May just get slightly better rates.
...
ai ya, Chinese language is pretty difficult to grasp... specially if u consider the pronunciations should be very precise, or else, the Chinese would think u are 'talking about something else'
i believe u & many others will agree that Chinese language/s (Mandarin, Fukien etc) diction is/are the most difficult.... putting them into words, & writing them would prove much more difficult.

for example,
others would definitely "spell" these phrases differently
law/lao shir u an (Mandarin for 'good afternoon Teacher')
law/lao shir wan an (Mandarin for 'good evening Teacher')
  • #21,219
  • Jan 5, 2011 1:00am Jan 5, 2011 1:00am
Mamood you are fast! I was not fast enough, felt the momentum losing but did not buy..now to think of it I was stupid. If not sell..then must be buy huh?

UJ look like forming pattern? Let's watch it mutate
  • #21,220
  • Jan 5, 2011 1:10am Jan 5, 2011 1:10am
EU quiet sell
6 traders viewing now