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Technical Analysis Fallacy

  • #26,181
  • Jun 24, 2011 10:33pm Jun 24, 2011 10:33pm
Quoting GEfx
This thread is one of the unique threads in FF. It is a place where fti's students can gather to discuss trading, as well as, the other aspect of life. The original meaning has not been lost. In fact, it thrives here.

If you seek fresh, new ideas, then read the first 200 pages and join in. If not, you can start your own thread to focus on what ever you want. Thinking outside the box is what this thread has achieved, and if you'd take some time to read the entire thread, then you'd know that. Your second to the last comment makes it clear that...
I will read your comments....just dont get personal. I have never said anything derogatory about any one individual. I just have a problem with the thread itself. I'm sure a lot of people have asked the same question. I think I have been around long enough to have the right to ask.
  • #26,182
  • Jun 24, 2011 10:43pm Jun 24, 2011 10:43pm
Quoting Troikaone1
I challenge you to produce a three sentence summary of what this thread is about.

Personally, for me, it is not about TA or fundamentals. It is both. It is not about one timeframe or the other. It is all timeframes working in harmony (unified theory). I understand the notion of the word "fallacy" as it tries to suggest that TA does not matter....but it does. TA if applied correctly, in an out of the box kinda way can be incredible. Anwyay....give me a quick summary of the thread if you can and I apologize for interrupting the "flow" of the...
This thread is about what is required to become a trader, and puts trading things (like TA and FA) in there proper place. (Didn't need three sentences, just one.)

No one in this thread says that TA does not matter. In fact, I assume (with one or two expeptions) that everyone here performs some level of TA. But trust me, there are no concepts of TA that can be considered "outside the box". If you are seraching for TA skills and believe that this path lead you to some kind of answer that is outside your box, then you should find some interesting things to read within FF. When you discover that TA is only a small part in becoming a trader, then you will be ready to read the first 200 pages of this thread and you will then be one your way to becoming a trader. Best wishes.
  • #26,183
  • Jun 24, 2011 10:52pm Jun 24, 2011 10:52pm
Quoting GEfx
This thread is about what is required to become a trader, and puts trading things (like TA and FA) in there proper place. (Didn't need three sentences, just one.)

No one in this thread says that TA does not matter. In fact, I assume (with one or two expeptions) that everyone here performs some level of TA. But trust me, there are no concepts of TA that can be considered "outside the box". If you are seraching for TA skills and believe that this path lead you to some kind of answer that is outside your box, then you should find some interesting...
I use a concept called Red Line Thrust Bar Delta and it has everything to do with TA analysis. It took me from a so so trader to a very good trader. It is not TA in a traditional sense, it is an out of the box concept that unifies TA and ratio analysis of chart patterns. Do I believe that Moving averages, MACDs and stochastics are the answer in and of themselves......no. But if you look at them in the context of the big picture they can be freakishly effective.

Neway.....as I said again mates. I apologize for interrupting the flow of your thread. Consider it an effort to push you in a positive way. I will now make a respectful exit. See ya!!!!
  • #26,184
  • Jun 24, 2011 11:30pm Jun 24, 2011 11:30pm
Quoting Troikaone1
....don't you guys get tired of seeing the same thread over and over again? Think outside the box folks!!! As I said again, it would help if you changed the title to "FX General Chat" or something. That would make total sense and it could just sit there and collect comments 24/7. When was the last time technical analysis was discussed here? Probably a long time
This guy must be kidding.
Empty as water and soft as a facing wind mountain
  • #26,185
  • Edited Jun 25, 2011 1:09am Jun 24, 2011 11:36pm | Edited Jun 25, 2011 1:09am
Red Line Thrust Bar Delta. That sounds suitably manly and modern, it must work.

Troikaone1, when you say that there is no way anyone can go through 2-300 pages of a thread to discver something new, what you really mean is YOU are not capable of doing so. Many others have managed to. Again, I have to ask you, if you have a problem with the thread, why post in it? You're not part of site admin so I don't understand why you are whining about the thread title? Surely you could ignore it if it bothers you so much?

EDIT:

Analyse price patterns to survey the terrain before going into battle but once in action follow the flow, do not try to predict the future.
Actively manage your exposure to take maximum advantage of moves in the direction of your trades and minimise the damage when this is not the case, ensuring that you employ a money management strategy that will leave you capable of fighting another day.
Develop a mindset that will allow you to flow with the market without letting your ego take over and tempt you into making bad decisions.

There's a 3 sentence summary for you, not that it will be of much use without taking the time to develop the mindset mentioned above.
  • #26,186
  • Jun 25, 2011 1:06am Jun 25, 2011 1:06am
Why do some people come here and comment about the thread without actually reading the whole thing(or at least the recommended pages)???? and everyone's wondering why there is a high rate of failure in trading

  • #26,187
  • Jun 25, 2011 3:24am Jun 25, 2011 3:24am
the poor ducks looking for the break out :/

Quoting auxesis
Easy money on that last run.
  • #26,188
  • Edited 3:48am Jun 25, 2011 3:35am | Edited 3:48am
looks like inverted h/s on 5min eu..
ack* missed chance to take advantage of 1hr formation. I'm enjoying everyone's dances.

I'm working, so cannot babysit...lest I enter battlefields and get shot up. Good luck all
  • #26,189
  • Edited 4:18am Jun 25, 2011 3:52am | Edited 4:18am
tech analysis was discussed a long time here. But situations change and we all have different personalities/capital limits so everyone is doing their own thing w/ their own styles so it's hard to speak too specifically.

For example, fti has capability to dance both directions sometimes...we can't afford that risk

also we have nothing against TA. It's just that these days TA is more like "technical forecasting"...the analysis part is missing.

also there's literally no box....it's just kind of a set of ideas, info, examples ect

lol turds in punch bowl...watching southpark? Best I got to sleep now, I gotta wait wedding tom...will be a very long day

Quoting Troikaone1
Oh no....I think it is great that you guys have a place to chat. I just feel that the original meaning of the thread has been lost over time. Personally, I like to see fresh, new ideas and not the same thread over and over again with nothing new to say. I think FF should find a special place for this type of thread that does not push out newer threads that are trying to introduce a fresh new perspective. Maybe I have been in the FF environment too long I guess....don't you guys get tired of seeing the same thread over and over again? Think outside...
  • #26,190
  • Jun 25, 2011 12:30pm Jun 25, 2011 12:30pm
Quoting auxesis
-----
Once you find your car keys you quit looking for them.
----
study
regards
  • #26,191
  • Jun 25, 2011 12:34pm Jun 25, 2011 12:34pm
Quoting GEfx
This thread is about what is required to become a trader, and puts trading things (like TA and FA) in there proper place. (Didn't need three sentences, just one.)
  • #26,192
  • Edited 2:30pm Jun 25, 2011 12:36pm | Edited 2:30pm
Quoting ukmanthailan
Red Line Thrust Bar Delta. That sounds suitably manly and modern, it must work.
-----
Analyse price patterns to survey the terrain before going into battle but once in action follow the flow, do not try to predict the future.
Actively manage your exposure to take maximum advantage of moves in the direction of your trades and minimise the damage when this is not the case, ensuring that you employ a money management strategy that will leave you capable of fighting another day.
Develop a mindset that will allow you to flow with the market without letting your ego take over and tempt you into making bad decisions.

There's...
  • #26,193
  • Jun 25, 2011 3:07pm Jun 25, 2011 3:07pm
just out of curiosity, since dealers can operate differing MO's. Are there conflicts when the management of the positions flows from dealer to dealer?
  • #26,194
  • Jun 25, 2011 6:55pm Jun 25, 2011 6:55pm
Quoting fullperson
just out of curiosity, since dealers can operate differing MO's. Are there conflicts when the management of the positions flows from dealer to dealer?
ai ya fp, what on earth are you talking about?
can you please , stop be smart alec and for you benefit, get back on track develop your trading mindset and skills set, please.

You inexperience is showing so big time, you just a whisker from being slamed on your head.
What positions flow from dealer to dealer you talking about.
Everyone runs their own books. Everyone is resposibile for their own performance.


regards
  • #26,195
  • Edited 9:20pm Jun 25, 2011 7:04pm | Edited 9:20pm
Quoting ukmanthailan
Red Line Thrust Bar Delta. That sounds suitably manly and modern, it must work.

Troikaone1, when you say that there is no way anyone can go through 2-300 pages of a thread to discver something new, what you really mean is YOU are not capable of doing so. Many others have managed to. Again, I have to ask you, if you have a problem with the thread, why post in it? You're not part of site admin so I don't understand why you are whining about the thread title? Surely you could ignore it if it bothers you so much?

EDIT:

Analyse price...
Oh what the fish?
he left.
Didn't had enough energy engage him. Is all my fault.
Could had turned him around.
He fell into the trap, hook, line and sinker.

Seems he uses a line , so he's lagger.
but he uses bar delta. Now thats wierd.
I know as fact position exposure has delta.
even if he moves markets there is no delta on bars.
Maybe he's talking rate of change, aka volatility aka momentum.
But if he, waits line thrust line, the position is going make him cum late. Never in sync. So where his joy?

But everyone knows he never did read the thread.
Cannot be so far of course about the thread if he did, esp from what he is saying if he ever did read.
In fact i think we are on the same side but totally on a different page. Egor very very big.

Anyway, can't save them all.
He said he's profitable.
Maybe he'll come back after he hits the wall.
Let market do the egor breakdown.

But i read one of his post, he very hardcore about putting stop losses.
He said " for heaven sake put in your stops" in other threads.
So i am sure he will be back. The thousand arrows will get his sitting ducks.
Frioday , probably wiped him few times.

He also seems so inlove with the word Technical Analysis, when he infact systems trader. Definately not chartist or analyst.
I love taxi drivers, some of them think they are pilots with same bars on their shoulder, only missing the wings.
Is true they captains of their own ship(cab) , but its very illusive. So every car driver is also captains.



regards
  • #26,196
  • Jun 25, 2011 7:51pm Jun 25, 2011 7:51pm
Quoting fullperson
looks like inverted h/s on 5min eu..
ack* missed chance to take advantage of 1hr formation. I'm enjoying everyone's dances.

I'm working, so cannot babysit...lest I enter battlefields and get shot up. Good luck all
every one saw the inverted shs early in week al;ready
, in fact jack and me talked aboiut it last week.

and all the shs buyers are shitting in theior pants already.
So what your crystal balls saying?
You are so dang thick rigid.Are you sure you understand anything on the thread?
I get very wierd feelings you on ship thousand miles away.


regards
  • #26,197
  • Edited 9:03pm Jun 25, 2011 7:57pm | Edited 9:03pm
Quoting fullperson
tech analysis was discussed a long time here. But situations change and we all have different personalities/capital limits so everyone is doing their own thing w/ their own styles so it's hard to speak too specifically.

For example, fti has capability to dance both directions sometimes...we can't afford that risk

also we have nothing against TA. It's just that these days TA is more like "technical forecasting"...the analysis part is missing.

also there's literally no box....it's just kind of a set of ideas, info, examples ect

lol turds...
even what you said here is not in sync with what i presented.
When market moves there is only 1 way make pips.
Anyone out of sync pays.

Who on earth said TA is more like forecasting. That is exactly what TA is not about.
Ta never forecast, it only affords you strategic planning.
if any analyst forecast then he is dead analyst.
When any analyst writes reports he writes it both ways.
Those make stand 50 % fly, 50 % die.

Please learn tell difference between an analyst and marketing people.(customer relations)
No senior analyst or dealing analyst will make reports.
If forced to they talk both ways.

You never read anyyst reports? there is always a alternate count.
Is same as saying nothing.
Backside must always be covered.
There is aleways a perspective, BUT ( very big BUTTS)

Give me name of 1 TA that you know.

regards

Hi Jack, any prominent TA still standing in the market?
my forex peeps tells me I last of the mohi cans.
But there must be many, only no more reports?
Even Richard D, the best of us lot, he hit wall in 2000.
His turtles all still big i suspect but have wised up.
Anyway they trend followers, so they never predictive.
  • #26,198
  • Edited 10:10pm Jun 25, 2011 8:56pm | Edited 10:10pm
Quoting fti
even what you said here os not in sync with what i presented.
When market moves there is onnly 1 way make pips.
Anyone out of sync pays.

Who on earth said TA is more like forecasting. That is exactly what TA is not about.
Ta never forecast
if any analyst forecast then he is dead analyst.
When any analyst writes reports he writes it both ways.
Those make stand 50 % fly, 50 % die.

Please learn tell difference between an analyst and marketing people.(customer relations)
No senior analyst or dealing analyst will make reports.
If forced to they talk...
Hi Fti
Hopefully, being a gentlemen, the market gives them all an exit before the entire euro board potentially collapses.
I think you are pointing to an important point sir, and are a larger symptom of the retail spot market.
Looking around the FF community here the front of the board (spot front month board) seems to have turned into a bit of a fad.

@our guest poster fti is right when he said, if your trading the front month using some thrust TA you're almost certain to be cumulatively late regardless, no explanation needed really.
If adamant about using a TA system maybe try 9 month rates board, those have some nice moves that can be caught using margin-at-risk along with historical bar TA or maybe even the stock market.
Everything but don't come here telling Fti and the thread what everyone should or should not do,Trust me on that.

@ fti seems the rest, relaxing and diet is helping.
Rgds.
  • #26,199
  • Edited 9:24pm Jun 25, 2011 9:10pm | Edited 9:24pm
Quoting jacson101
Hi Fti
Hopefully, being a gentlemen, the market gives them all an exit before the entire euro board potentially collapses.
I think you are pointing to an important point sir, and are a larger symptom of the retail spot market.
Looking around the FF community here the front of the board (spot front month board) seems to have turned into a bit of a fad.

@our guest poster fti is right when he said, if your trading the front month using some thrust TA you're almost certain to be cumulatively late regardless, no explanation needed really....

Jack
Not really my friend, still letargic and low energies.
But maybe mind is begining accept condition.
Its the hair raising on neck and tingling pins and needles all over the back and dozzing off that gets a little scary.
But i resolved. If die I die standing, no regrets.
I am market man, live market man die, marketman.
I resolved, do whatever it takes.
What won't kill me , only makes me stronger.

regards

Thats what i worried.
If liquidity drys up then we in for scary roller coaster rides.
But crisis is opportunity, if have good foreign cap.
But i wasted this year's taking on the yen thingy.
  • #26,200
  • Jun 25, 2011 9:23pm Jun 25, 2011 9:23pm
Quoting fti
Jack
Not really my friend, still letargic and low energies.
But maybe mind is begining accept condition.
Its the hair raising on neck and tingling pins and needles all over the back and dozzing off that gets a little scary.
But i resolved. If die I die standing, no regrets.
I am market man, live market man die, marketman.
I resolved, do whatever it takes.
What won't kill me , only makes me stronger.

regards

Ah, you had heart attack, nerves acting up I think is normal.
Everything needs time, 1 year+ to adapt to the change in terrain.
From what doctors told me the biggest obstacle is mindset after such a accident.
Rgds

edit: yeah this yen thingy is far from over. Heli. seems nervous, may make mistake.
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