Fractical Technical Analysis Discussion

Speculators need two skills: Skills transaction and analytical skills.Skills are relatively simple transactions, which implies speculators also fluent then ... only problem is the more analytical skills only. But the reality in Vietnam, some speculators gold market by the new approach should also "non base" so it was a mistake even basic skills in trading, the consequence is losing too easily broken. .. (There should also be long-lost body nhach)
(Eg trade skills such as: When a profit is quite far enough food to feed pact to further the trailing stop to have to foot as the market turns it can preserve some profit, you must have a stoploss ordering ... .)

Currently the world has countless user analysis, but perhaps ... if you dig deep enough in one direction is reasonable to be successful, perhaps all the way to achieve the perfection that is also provided for a connection only.
However, financial analysts only two "schools": technical analysis (TA), Fundamental analysis (FA)
The following model is easy to visualize and more general ...
(Of course you plan on using for more than easy to imagine the diagram can not describe completely correct ... if it is contestable that mistake ... but the problem is that it provides for the generalization you, you can easily imagine it is OK ...)


http://i1226.photobucket.com/albums/...etorg/ken1.jpg




1. We found:
-The market closed at (last week), then virtually the impact of speculators can no longer see significant .... then after the market open ... I found it only a very small bit of volatility ... even after nearly two days. => The impact of speculators affect the volatility of the market is huge.
- About the beginning of the war depends very much on their psychological, as the market fluctuations .... side hole, then cut the hole lo, lo faction said the key words, which side is also considering in order to gain more profit .... so, a fluctuation of the market has created the changing psychological continuity ... speculators, there is continuous interaction between "speculative psychology" and "market" (as in the diagram above)
=> Psychological factors affect the speculators market is well worth attention.

2. The analysis plan (methods, indicators, strategies, directions ...) there is no plan, no solution is perfect, it will have the "hole", "dead spots" ( have led to misjudge the direction of the market fluctuations)
So, want to trade well force you to get out of it .... and devise solutions "patch" (patch is usually only narrow the gap as much as possible but can not patch perfect) or "avoid" it goes ...
Eg the methods Harmonic patterns, notable flaw is that it depends very much on the matter was zigzag oriented Fibo ... etc, so many common mistakes in signal ENTRY. Traders and the world think of many solutions and ... Murrey Math is commonly used (a creative Gann's resonates in the early 20th century).

3. The plan that you can find in the world (via internet) to inherit
-If it has no value, then it was speculators, financial analysts into "oblivion" long. Because it was born and survive more than 100 years => It is of great value.
-If they inherit that most applications only as guidelines that you can find it .... can not win. Because most of the speculators in the world are aware of them and read Peak wall, so everyone can hit like that (as everyone knows, if used effectively, everyone) then everyone wins, they get lost in the first place to payout to the winner (winner-takes money from losers )....

4. Important is "thinking" planning, direction for the "solution" or "plan" analysis (as strategic direction of the company's development so), and tools (eg Indicators, Fibo, pivot ... etc) are only built to implement that direction (as an employee of the company).

5. In the process of analysis and trading, you need to "anticipate" all cases of market volatility in the context of each survey, thus shaping the Plan (strategy) and wait for market movements reveal school When does it use appropriate strategies to capture it all. This is called the "world game". Meanwhile, technical analysts have updated the newly formed traders psychology as well as the strategies they contain agents that affect the market as BIG NEWS ...., because you observe the "World "and found that they do fluctuate with the self only, you study the solution to all cases without difficulty, and the remaining problems are only identified when the case for you ... alone anymore.

Probabilistic analysis techniques

It is easy to realize that, when the market is strong, it will go forward, out of breath (weak) it will reverse, rewind (Reversal) ...
But because not easy to identify the strengths and weaknesses of the market, so people think of a new plan ... assessment. For example ... method BREAK OUT ... That is when the market passes a peak before .... prove it has abundant internal resources to overcome that, this way it is thought that strong market forces and their matching that way because it's unclear if it will go up and maintaining user changes . But in reality, much as the market ... put all their internal resources to overcome the peak earlier (break out) is also the time it started off a bit and reversal (Reversal) => also typing in breakout as winning at peace .... so financial analysts, speculators create new methods more complex, but if not then just use this method to have enough wins ...

http://i1226.photobucket.com/albums/...etorg/Ken2.jpg



From the above => formula (1) is "true" because the market is strong and will go forward to a breakout and go on again until the end strong.
Formula (2) is "wrong" because as "winning", but also as "not winning" (right + wrong = wrong) as much as the fact that the market has done it all a little breakout.

Technical analysis is .... "Based on denote" Outside "(chart, ie, break out) to assess the" inside "(the nature of the market, ie the strengths and weaknesses.) Means that application of the formula:

Strong market <=> break out (note the "if and only if") that is two dimensional, that formula (2) is inherently wrong .... technical analysis should not be entirely true, but ... comes to technical analysis that refers to "probabilistic." Therefore, analysts have to be creative technical solutions to improve the probability of winning is so gradually, corresponding to a form of "patching" the holes in the methods mentioned above.

Mr.Ken


TRANSLATED VIETNAMESE TO ENGLISH BY TRANSLATE.GOOGLE.COM

Ahhhhhhhhhhhhhh

An qua nho ke trong cay

googled:

Eat fruit remember who planted trees


Then there's order flow, which we'll never know for sure...

With all do respect I have a hard time following what this guy is saying.. some of it sounds really weird..

but I am going to reframe from insulting because I know everyone has there own method.. and I think there is a huge language / culture barrier

it's a proverb...

.......

 

1. Ăn quả nhớ kẻ trồng cây.

Gratitude is the sign of noble soulsWhen eating a fruit, think of the person who planted the tree.without the diacritics i thought it meant something else, but my tieng viet is poor and unused so... yeah.

.......

as for the OP, the post reads a lot like a trading 101 for beginner viet traders.

if you read it and know vietnamese well enough you'll see that it's clearly been put through an online translator and due to the nature of the vietnamese language the translation has become overly fuzzy and lost at points. until the op learns to speak english it will be impossible to get anything clearer than the type of text we currently see. translating viet programmatically is difficult and mostly just taking a guess as to the best possible meaning, where a human would already understand the context of what is being said and therefore understand the meaning intended.

i'm not sure if you actually know vietnamese, but in case you don't the language is tonal and contextual. tonal meaning words are recycled and have completely different meaning depending on the way the word is pronounced (in changing pitch as well as glottal alterations), and contextual meaning that words or phrases change meaning depending on the words before it (much like how XV means 15, but XIV means 14... the flow of information changes the outcome). english and latin based languages are fairly explicit in meaning whereas asian languages are not.

and this ends our lesson for the day. see you next thursday and don't forget to bring your assignment that was due today!

...

i hope the op has more to say. it'll be interesting to have a viet perspective.

ROFL

and no I don't know the language, but I know some good proverbs they pop up now and then.. The one I included seems to be his direction? I kinda skimmed it and yeah.. translation barriers

good lesson tho thanks nubby.. lol

When trading, speculators generally conventional construction, set yourself a system (system), so a strategy was clearly oriented planning and analysis ....
So, on the corner of the building system, the following points should be noted (this is self-contemplation Linhchiter knowledge, not learning from anywhere, so the doctor saw the winning selection is made according to a new, find something wrong, omitted):

1. Fixation target system

When you build a system, you must have a primary goal for our system, that is the direction you want to target, since it can rely on to assess the market you are looking to trade.
For example, your goal is how do you know (the real nature, but not the treatment received by You) market is strong or weak. Because if they continue strong fluctuations in trend (trend direction), then back to weak (Reversal, counter trend). So if you know this is millions command million profit, right?.

2. Feasibility of targets

When you select the target system, you should note the feasibility, whether directed to himself say? If well-intentioned but too big, you can not towards it would be useless, while her smaller goals that you can point to still more. So, you choose the biggest goal that you complete the feasibility, it is the optimal choice. For example, targets are feasible extremely low ...

3. As of movement (the movement after taking your system)

This is a trait, but little attention, even if many analysts also quite pro "Lost" note. Most focus on the effectiveness of the system but forgot to think of "the movement" is. When you build a system with many tools, combining forms so complex, so each requires you to apply as much head movement and a period of time to get the analysis results. So it does not fit, you will not be enough to mobilize more than one year where it too, but traders can not manipulate the system in 10 years .. etc ... more than that is generally not you?

4. Probability to appear that situtions more

When the target system is determined, a feasible and reasonable on the campaign ... you also need to consider more about ... The probability of it appearing on the market. That is a situation where we can make an advantage to make an order. However, although our system give signals so correct but if the probability of it appearing on the market so rare, meaning the system is also not good.

Mr.Ken

In the context of the global economic downturn in bulk, Vietnamese traders also obvious concerns with the exceptions and not wishing to seek positive solutions. However, the Forex market traders all the world is not any other time period does the right. Anyway, the team shared secret or practical experience of the old traders will always be useful.

The following is the analysis of Linhchiter apply to schools of technical analysis which itself was accumulated during the trading. It really is too simple compared to what you are visualizing the SYSTEM of a senior trader affordable.

//////