Technical Analysis Fallacy | Page 1180 | 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

  • #23,581
  • Mar 22, 2011 2:20pm Mar 22, 2011 2:20pm
Chief,

is this market even worth trading??? right now.....??? UJ is like in a straight line on hourly chart

except just use hit and run cant see any other way of trade


V
  • #23,582
  • Mar 22, 2011 2:41pm Mar 22, 2011 2:41pm
I am on E/U I feel more volatility than on U/J.Feels much too quiet, scary quiet. I am currently short on EU. The upwards sloping wedge was denied, but way too much momentum than normally I see. Now I see intermediate w bottom on 5 min. I am squared out (hourly trend is up, need nimble), won't let them threaten my scouts. Testing..testing..testing..

now triple bottom..hang on, but yea I'm on same hit and run MO

ok EU, so you break your intermediate bottom, ok short again..1.4200 round number..testing..ok momentum up. Will wait to see depth of retrace..doji uh oh..nvm momentum is down
  • #23,583
  • Mar 22, 2011 2:46pm Mar 22, 2011 2:46pm
Quoting indianguyinny24
Chief,

is this market even worth trading??? right now.....??? UJ is like in a straight line on hourly chart

except just use hit and run cant see any other way of trade


V
different terrain different strategies, vic
world changing much now.
US/Yen shorts had been dead in waters for much time now, thats why quite as a grave, but let not that decieve you.
The undercurrents are very strong, very strong.

back to my lallaby, trying get more rest.


regards.
  • #23,584
  • Mar 22, 2011 3:04pm Mar 22, 2011 3:04pm
Quoting fti
different terrain different strategies, vic
world changing much now.
US/Yen shorts had been dead in waters for much time now, thats why quite as a grave, but let not that decieve you.
The undercurrents are very strong, very strong.

back to my lallaby, trying get more rest.


regards.

good sleep.....
  • #23,585
  • Mar 22, 2011 3:10pm Mar 22, 2011 3:10pm
Quoting fullperson
I am on E/U I feel more volatility than on U/J.Feels much too quiet, scary quiet. I am currently short on EU. The upwards sloping wedge was denied, but way too much momentum than normally I see. Now I see intermediate w bottom on 5 min. I am squared out (hourly trend is up, need nimble), won't let them threaten my scouts. Testing..testing..testing..

now triple bottom..hang on, but yea I'm on same hit and run MO

ok EU, so you break your intermediate bottom, ok short again..1.4200 round number..testing..ok momentum up. Will wait to see depth...

FP,

Hope u r not doing this....

http://www.forexfactory.com/showpost...postcount=1236

just thought about it...

V
  • #23,586
  • Edited 3:36pm Mar 22, 2011 3:24pm | Edited 3:36pm
I hope not as well. I thought this was part of asking the market and testing her to see where she wants to go (usually while I am asking these questions I am already in the market, and I am just testing where price has difficulty). I have another scout to just test the ranging market. How do you do your analysis?

ok, scout 2 is good. Could continue, but MO now is nimble and fast, squared. Market too slow. Going to be more efficient with time and do something else. No need to squeeze blood from stone today...

Quoting indianguyinny24
FP,

Hope u r not doing this....

http://www.forexfactory.com/showpost...postcount=1236

just thought about it...

V
  • #23,587
  • Mar 22, 2011 3:37pm Mar 22, 2011 3:37pm
Quote
How do you do your analysis


Scouts feels good..

Attack

Else

Rescue...


V
  • #23,588
  • Mar 22, 2011 3:46pm Mar 22, 2011 3:46pm
basically what I'm doing, scout felt right until momentum stopped. So MO is to square quickly. Then I feel second leg down at 1.400, so scout again. Price went up a bit, but had reserves and cap from previous scout. Decided to continue. But asking questions all along the way and positioning accordingly. Correct? Or am I falling into the "thinking too much trap"?

Quoting indianguyinny24
Scouts feels good..

Attack

Else

Rescue...


V
  • #23,589
  • Edited 4:08pm Mar 22, 2011 3:57pm | Edited 4:08pm
Quoting fullperson
basically what I'm doing, scout felt right until momentum stopped. So MO is to square quickly. Then I feel second leg down at 1.400, so scout again. Price went up a bit, but had reserves and cap from previous scout. Decided to continue. But asking questions all along the way and positioning accordingly. Correct? Or am I falling into the "thinking too much trap"?
it works for u thats great....just dont over analyze.....when in bull think like bull when in bear think like bear....


V
  • #23,590
  • Mar 22, 2011 4:56pm Mar 22, 2011 4:56pm
Quoting fullperson
basically what I'm doing, scout felt right until momentum stopped. So MO is to square quickly. Then I feel second leg down at 1.400, so scout again. Price went up a bit, but had reserves and cap from previous scout. Decided to continue. But asking questions all along the way and positioning accordingly. Correct? Or am I falling into the "thinking too much trap"?
Yes, and listen to what you're asking.
  • #23,591
  • Edited 5:47pm Mar 22, 2011 5:15pm | Edited 5:47pm
Hi All,
Nice morning,
Tweet Twee Twee and sing a song.
Early bird catches the early worm.

Ai ya , where's the worm.
nevermind,

@ Twee
this song for Twee.
Thanks for your email, sorry i took much time to find it.
I am ok, thanks so very much for your concern and also warmest regards to forexfactory team.



Inserted Video


regards
  • #23,592
  • Mar 22, 2011 5:45pm Mar 22, 2011 5:45pm
Quoting redbaron1981
Fti,

Is this similar to your old work place?

http://www.youtube.com/watch?v=q9brMMxI1RY

Regards,

James.

Hey man thanks for the link. That is absolute classic. I enjoyed it =)
  • #23,593
  • Mar 22, 2011 6:40pm Mar 22, 2011 6:40pm
Hy all

Maybe a silly doubt: Why/How dealers make money hunting stops?Why they need to clear their books?

Thank's
Suba
  • #23,594
  • Edited 8:56pm Mar 22, 2011 7:33pm | Edited 8:56pm
Yes I have to think like bull when bull and vice versa. When I have a scout in, I'm committed until something drastically happens. But that is when there is a clear trend. I was stuck in a range so I'm looking for an opportunity, preparing for time windows. Please, I like constructive criticism (still learning).

Thanks Gro, I caught that right when I wrote it. I was thinking of changing what I wrote, but can't do that. Would be lying to self.

I saw the chemical william video. I very much enjoyed it. It puts the trading into more of a team-oriented style, and offers deception. I am wondering if the fx dealing environment has changed much? I want to pursue dealing as a career and I am trying to orient myself in that direction, so I need to know the dealing terrain to plan accordingly.


Quoting indianguyinny24
it works for u thats great....just dont over analyze.....when in bull think like bull when in bear think like bear....


V
  • #23,595
  • Mar 22, 2011 8:49pm Mar 22, 2011 8:49pm
Quoting fullperson
Yes I have to think like bull when bull and vice versa. When I have a scout in, I'm committed until something drastically happens. But that is when there is a clear trend. I was stuck in a range so I'm looking for an opportunity, preparing for time windows. Please, I like constructive criticism (still learning).
ya ok, under construction.
  • #23,596
  • Mar 22, 2011 10:43pm Mar 22, 2011 10:43pm
So how u guys handle this....i am using my phone internet 4g connected to the PC which is reasonable speed but not taking chance for trading on that....

how u guys handle....

V
  • #23,597
  • Edited 4:46am Mar 23, 2011 4:32am | Edited 4:46am
Thanks to the iron Lady.
bid!! where the bid.

Ai ya, no hike with this top form.
really wonder where the support 1.55?
anyway i floating on river only.
And i suspect when the post quake trade figs for Nihon comes or the Tankan or the Kiedienren then the yen will reflect the ground situation?
For now have too many manipulators?
I like see their faces soon.
  • #23,598
  • Edited 5:07am Mar 23, 2011 4:54am | Edited 5:07am
Hello Fti and friends! Wow, so much new post here:-). Happy trading:-)

Yesterday i have made such silly mistakes... That 5M Portugal got me... 14days before i was trading nearly like a machine... and that yesterday...eh...
Blue Portugal is better than red:-)
  • #23,599
  • Mar 23, 2011 5:04am Mar 23, 2011 5:04am
morning fti sir!


@indianguyinny24
hi, i normally use cable broadband connection. in case it failed, which is very rare,i use a usb portable wireless device to access the net. i don't use smart phones to trade. too small. no good for eyesight.
  • #23,600
  • Mar 23, 2011 6:40am Mar 23, 2011 6:40am
Quoting indianguyinny24
So how u guys handle this....i am using my phone internet 4g connected to the PC which is reasonable speed but not taking chance for trading on that....

how u guys handle....

V
pretty much the same, when I loose internet I go either through phone or neighbors wireless..

with a laptop and a phone this solution works even when there is no power.

calling your broker works, too.
27 traders viewing now