Technical Analysis Fallacy

Lol, very fitting to the current situation... lets watch how many sh..s there will be...

see?

sytems, efficency, and laggers.
only one word to say, lazy and unfocused.
oops that more than 1 word.
puts the maxim right in the forefromnt.
"If you want something done right, you gotta do it yourself."

http://www.reuters.com/article/2011/...7ET2D120110329

ya ya, now blame it on the bosses.

What?, no one told us that in the meetings.
physicist and inventors is next on the line.
Who the jim beans invented it? Who?

And this happened to one of the fore most effecientcy QCC disciplined teams in the world?

By the way, it s getting dangerous.
So watch the zize .

After reading the article, I can only conclude.
EGO, EGO, EGO.

afternoon fti sir!
thx for your constant updates! i'm using them to check if my bias is correct.
and if i may, if the metal thief is a black and white patched one?
regards.

not know for sure., sakata ,sir.

this i know for sure, is very relaxing

ok back to some relaxing thoughts.
Mediation thais - 1976 ,Anne Sophie Mutter

After reading some posts from the first pages of this thread, a question dawned on me. There was a chart which green david posted and fti reposted with his annotations with words such as killings and ducks. My question is... do ducks usually happen after protracted sideways action? The exception to this would be 'round number' prices during treding markets in the latter case these would be more the people that put on market orders?

fti sir!
just call me sakatalight. it will be great!
i couln't see the link. we have a huge firewall here. if using hotshield etc, the speed is sheer torture.
regards.

In rigid minds yes. In real world, unlikely.

regards

, yes, i know sakatalight.
many of my friends , there also still waiting for the berlin wall to be removed.

maybe try this
http://www.tudou.com/programs/view/s-A1dFcmuRY/

if no good, may have many alternatives , search baidu

I was going to edit my post by suggesting that my thinking might have been a bit rigid so I'm quite happy that you came to the same conclusion. Now how the heck do I make it nimble and thanks for the response btw.

ok seems no game.
now for good sleep.
all squared, excepy for usd yen cash.

goodnite
no let bugs bite.

so sir, you are using baidu and tudou too? i am totally surprised. awesome!
take a good rest and take care. see you.
regards.

Ok, another question... if technical analysis is a fallacy which causes a rigid mindset... I can sort of understand that/where that's coming from... so, how is watching price any different? After all, price is just a technical indicator is it not? So how can watching price tell us anything more than technical indicators? I mainly look at candlestick charts, should I look more at OHLC charts to ease confusion?

Also, how far back are we meant to look back in analysing prices? on 5 minute charts are we meant to look at something like the last 10 bars? the last full day worth of 5minute bars etc? Isn't looking at past price action a bit like looking at technical indicators? i.e. looking in the rear view mirror? The longer term i.e. daily charts are meant to show the trend and shorter time frames the entries... heard this a million times and it's fair enough I suppose... sort of makes sense although, how can the longer time frames give hints about the future if it's the shorter time frames that make the big ones i.e. the chicken definitely came before the egg . Although these questions are implying that looking at prices is useless and this may stirr up a hornets nest, I want to just emphesise that it's just the way I talk and don't actually mean anything by it... in fact... I think the way that I posed those questions simply is my attempt to mask my lack of knowledge which I'm desperately trying to change. So hopefully everyone here can read between the lines and that I don't mean to be hostile.

It's pretty messy inside my head so this question probably seems totally stupid to most but I'm trying to ask the really stupid questions to make things as unambiguous as possible because ambiguity causes me to overthink and aids the mess.

Also...

I think I need some elaboration on this point because I think I've got the incorrect mindset. Another post talks about

So what exactly is meant by pulse? I understand that it's an ambious term signifying the battlefiled i.e. it encompasses such things as trends, trying to get a feel for who the current participants are etcbut how does probing the market give us a better perception of what it is doing as opposed to just sitting back on the sidelines and not risking anything?

Maybe the next observation is made with the benefit of hindsight but I can't help but feel that every time I enter lots of times and lose many little trades to try to find an entry, I usually get tired and lose 'hope' in the market ever moving my way... I don't think I'm trading large quantities because in fact, when I undertake this type of trading I feel like I'm wasting my time due to the tiny quantities of money that I'm dealing with... so leverage isn't a poblem I don't think. However, when I lose the never to put on further trades, that's usually when I suddenly feel the urge to enter in a certain direction and as I said, maybe hindight is at play here but that's usually when a great trade arrives. So in a sense I'm demoralised and the move happens without me... but I'm not demoralised for the classical reasons described in books i.e. a string of big losses which have taken away a large chunk of the account... in fact, I think these are the most correct type of losses based on I think what the "remeniscence of a stock operator" or maybe another book that I read suggested i.e. in most cases, you should exit a losing trade before it reaches your most extreme losing level e.g. 2% of account size.

Hi Atomic, just wondering, have you read the first 200 pages of this thread? Have you completed the exercises and read the suggested books? There is a lot of initial effort that needs to be put in to get an idea where it is heading.

Just to be clear, there is no fallacy in technical analysis but it all depends on how you use it. Price action is a technical indicator and we use it all the time so where is the fallacy? Now, if you use that information to blindly predict and remain rigid with that prediction then that is the fallacy as that is how many people trade. They do not adjust as the market evolves, they do not manage their book and when things go bad they tend to act like a deer blinded by car lights until the car inevitably kills the deer.

I would suggest (re)reading the thread (first 200 pages) and also doing the exercises and reading the mentioned books. Have you read Art of War or anything else? Technical Analysis of Stock trends? Anything?

FYI, I'll be a full time trader as of Monday. My work contract has finally come to an end. Time to boogie!

That is great. All the very best. Ray

Hi Zoran. Congratulations:-)

Hi Zoran!

Great to hear that.
Welcome to the club!

All the best!

Niels

I have indeed... 2 or 3 times... reading it all again from scratch as of today. I feel like my mind is a lot more open to take in the information this time around... finally. Hence all the questions are popping up as I'm reverting back to past experiences and misconceptions.

EDIT: And yes, I've read quite a lot of books related to trading, the way of the turtle, reminiscence of a stock operator, van tharp's stuff, de mark and heaps of other stuff.

Thanks guys! Looking forward to it as I've been waiting for this moment for some time.

I did get some inspiration from fti and others here so the sky's the limit. Time to turn £100K into £100mio and to share with those less fortunate.

No rush though, one step at a time. I see I have some catching up to do.