Technical Analysis Fallacy | Page 1182 | 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

  • #23,621
  • Mar 24, 2011 9:49am Mar 24, 2011 9:49am
Quoting ukmanthailan
Hi, I'm not in a boathouse, halfway up a big hill instead. I just found out what it was from a CNN report:


http://edition.cnn.com/2011/WORLD/as...yanmar.quake/#



EDIT: Thanks Baifu.

And fti, I just read your comments about the nurse and condoms....please don't make me laugh, I have bruised ribs at the moment and it's painful!
Ai ya ,myanmar
but there goes my drugs supply.
Maybe is just the jades cracking up.
we'll see.


regards
  • #23,622
  • Mar 24, 2011 9:53am Mar 24, 2011 9:53am
Quoting fti
oops, short of condoms.
need go 7eleven.
brb.

now i got the nurse all scared.
"the idiot is looking for condoms."


Everyone wants to know where i plan go camping?
i told them safest place now is graveyard.
no buildings for miles around.
STOP please I can not stop laughing ...
  • #23,623
  • Mar 24, 2011 9:57am Mar 24, 2011 9:57am
Quoting ukmanthailan
Doing fine, thanks Niels. Hope you are well too.

My good lady will hopefully be giving me a brand new daughter in 8 or 9 weeks time so she isn't keen on going camping or on me buying condoms right now.
ohhhh, you had been busy.

ok the 4by 4 is 3/4 tank and all is ready.
Now to chose which graveyard is safest.

Ai ya, didn't thought i would be staying in garveyard so soon.


regards
  • #23,624
  • Mar 24, 2011 10:05am Mar 24, 2011 10:05am
So far standard play with round number approach.
Easy pips ;-)

Edit: After that has played out back to standard danceing ....
Attached Image
  • #23,625
  • Mar 24, 2011 10:14am Mar 24, 2011 10:14am
Quoting MaMood
So far standard play with round number approach.
Easy pips ;-)

Edit: After that has played out back to standard danceing ....
ai ya, no time, another day.

ok got my fishing gear as well. Gotta eat , even staying at graveyard.

ok got bottle of pee, on table
if it foams , i am out of here.
  • #23,626
  • Mar 24, 2011 10:16am Mar 24, 2011 10:16am
Quoting fti
ai ya, no time, another day.

ok got my fishing gear as well. Gotta eat , even staying at graveyard.

ok got bottle of pee, on table
if it foams , i am out of here.
... Sometimes I enjoy the silence on a graveyard.
Seems you are prepared for the worsed ;-)

Have fun, fti!
  • #23,627
  • Mar 24, 2011 10:26am Mar 24, 2011 10:26am
Quoting fti
oops, short of condoms.
need go 7eleven.
brb.
....
wait a minute..
what is a condom?
  • #23,628
  • Mar 24, 2011 10:34am Mar 24, 2011 10:34am
Quoting supremeChaos
wait a minute..
what is a condom?
  • #23,629
  • Mar 24, 2011 10:37am Mar 24, 2011 10:37am
Quoting supremeChaos
wait a minute..
what is a condom?
a light weigh tough rubber container to carry water.
No need carry big pails.
Why do you ask?
Is very versatile, have many uses.


regards
  • #23,630
  • Mar 24, 2011 10:42am Mar 24, 2011 10:42am
Quoting supremeChaos
wait a minute..
what is a condom?
Hey Supreme,something similar to ballon.

Guys thanks for thread.Thanks FTI for starting.It is great to see how each trader who posted here changed his trading style nor even like a person.So thanks to everyone for posting.I am back to my cave now.

KV.
  • #23,631
  • Mar 24, 2011 10:42am Mar 24, 2011 10:42am
Quoting fti
a light weigh tough rubber container to carry water.
No need carry big pails.
Why do you ask?
Is very versatile, have many uses.


regards


and saves you from lot of trouble later down the life...

Inserted Video


V
  • #23,632
  • Mar 24, 2011 10:52am Mar 24, 2011 10:52am
Quoting fti
yes sir, tier 1 boys, Chemical william.
Lone warrior. respects.
Ai ya 10 pips spreads, common can do better than that.
I prefer UBS william, more balls.(steel)
for him there i can deal 42/45 in 10 his choice 45 for small.
this clip is vintage, good wine though.
Walk down memory lane.


Regards
Dear Fti

The documentary was set in 86 and from what i see the traders are basically tape reading from EBS quotes... No charts or whatsoever... Trading Order Flow???

Was it so when u 1st started in the dealing room and only subsequently computers were introduced into the dealing desk...

If so can i say that it was your grounding in "Tape Reading" the quotes that forms your trading foundation and thru'out the years of conducting Sweep Operation u r able to translate what the quotes are telling into a visual representation i.e. footprints on the charts?

Although i may be wrong in my assumption as u have mentioned that your grounding was in Original Dow Jones theory & Wilder & Bernstein was your trainers...

Very interested to hear your response only have taken your medication


Regards
Philip
"Thinking Heart & Feeling Brain"
  • #23,633
  • Mar 24, 2011 10:58am Mar 24, 2011 10:58am
Quoting indianguyinny24


and saves you from lot of trouble later down the life...

http://www.youtube.com/watch?v=2gLlBv_SrZw

V
I'm going to buy condoms
  • #23,634
  • Mar 24, 2011 11:00am Mar 24, 2011 11:00am
Quoting fti
a light weigh tough rubber container to carry water.
No need carry big pails.
Why do you ask?
Is very versatile, have many uses.
....
Quoting kravmaga39
Hey Supreme,something similar to ballon.
...
thanks!

it holds water.. it's a container
..similar to balloon.
a container & a balloon can break.
so, do condoms break too? u know, like a nucl... reac..r

Quoting indianguyinny24

and saves you from lot of trouble later down the life...
...
no... moral of the story is dont bring kids (or child-like adults ) to shops/supermarkets.
  • #23,635
  • Edited 11:26am Mar 24, 2011 11:05am | Edited 11:26am
Quoting Sylar
Dear Fti

The documentary was set in 86 and from what i see the traders are basically tape reading from EBS quotes... No charts or whatsoever... Trading Order Flow???

Was it so when u 1st started in the dealing room and only subsequently computers were introduced into the dealing desk...

If so can i say that it was your grounding in "Tape Reading" the quotes that forms your trading foundation and thru'out the years of conducting Sweep Operation u r able to translate what the quotes are telling into a visual representation i.e. footprints...
no, sylar.
Charting and technical analysis superceded bretton woods.
those days charts were manually drawn and all the indicators were hand calculated, until 1979 when we did it on apple 2e s. Thats why many of us no need keep stairing at the charts, its already in our head due to manual interaction..Initial software was provided by memory systems, as computer tools to assist. There were teams of assistance update charts wall to wall and on portable scrolls . Also charting services that sent charts that served exchanges, by arthur leville.
Later computrac was developed and then years later teletrac and the Metastock trader charting softwares.
This was mainstream until reuters adopted charts.Metastock trader seems the daddy of MT4 as is presentation is same format.
One of the pioneers on charting markets electronically is known as the knight rider systems.

Dealers much depended on order flow info for trades, but generally are aware of all the reads. Only novice and unfocused chartist will need keep refering to charts to get the experience. A snap shot of 5 mins price charts every couple of hours already tell heaps to the trained.

But of course not all dealers have access to the tools, only the top tiers. Dealing desk dealers are only mostly upto senior dealers under a desk chief. Top teirs, we have our private zones which links to the seniors to access markets and you will never see these rooms without classified status. Thats why where i used to work, dealing room was split to 2 floors.

What you seeing in the clip is senior SPOT dealers in action only. Generally is like this.

regards
  • #23,636
  • Mar 24, 2011 11:16am Mar 24, 2011 11:16am
"use condom ... universal use ... but there is not 100% certainty"
  • #23,637
  • Mar 24, 2011 11:22am Mar 24, 2011 11:22am
Quoting fti

Dealers much depended on order flow info for trades, but generally are aware of all the reads. Only novice and unfocused chartist will need keep refering to charts to get the experience. A snap shot of 5 mins price charts every couple of hours already tell heaps to the trained.

regards
Thank u Fti

It confirmed and clarified my doubts

Another qns if i u r not too tired... Besides the privy of working in Tier 1 where else can us retail trader get a slight possible glimpse on info of Order Flow, Option Barriers etc

What i can think of are subscribed services like IFR News Feeds, Bloomberg etc
"Thinking Heart & Feeling Brain"
  • #23,638
  • Mar 24, 2011 11:23am Mar 24, 2011 11:23am
Fitch has downgraded Portugal - so basically nothing new ...
But good vola :-)
  • #23,639
  • Mar 24, 2011 11:26am Mar 24, 2011 11:26am
Quoting fti
...knight rider systems.
...
wow, knight rider

thanks Sir fti, for the info & the memories


btw, anyway for us to get a glimpse of these private areas?i'd love to get a tour of such places
  • #23,640
  • Edited 11:53am Mar 24, 2011 11:32am | Edited 11:53am
Quoting Sylar
Thank u Fti

It confirmed and clarified my doubts

Another qns if i u r not too tired... Besides the privy of working in Tier 1 where else can us retail trader get a slight possible glimpse on info of Order Flow, Option Barriers etc

What i can think of are subscribed services like IFR News Feeds, Bloomberg etc
not possible for retail sylar,is even beyond security china walls for Junior dealers. To see true flow you need be "in the circle". Is networkings of top tier boys.
Note the lines the dealers dealing on, in the clip
is 5s 10s. Top tiers make market in 50s. Prices good for up to 200. for 5s and 10s, they'll make you choice prices to deal. Modstly won't even pick up comm line , unl;ess you in the circle.

You see, slyar, for dealers to know the barrier, means he's already hit "at the money" there. So no one will tell you they set barrier to protect his own donkey. Only to parties sharing the risk.(exposure)

Best retail can do is to read the action of the top, praying that they not sending out red heerings from the inner circle.


regards
6 traders viewing now