Technical Analysis Fallacy | Page 1337 | 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

  • #26,721
  • Jul 27, 2011 10:32am Jul 27, 2011 10:32am
Quoting fti
Vic,
I think we stop trying flog dead horses.
some will never understand.

anyway, see the vacuum?
more to come.
bothways.


regards
Chief,

just take a bow from me today....amazing human being you are.....

V
  • #26,722
  • Jul 27, 2011 10:35am Jul 27, 2011 10:35am
Hi everyone. fti, good to read your thoughts here again. Hope you are feeling better. The recent PA has left me with a little motion sickness -- LOL. Is this the markets way of digesting a credit downgrade for the US dollar? Perhaps AA will quickly become the new AAA? Who knows? Just trade!
  • #26,723
  • Jul 27, 2011 11:25am Jul 27, 2011 11:25am
Quoting fti
Hi setebos,
there's no use counting waves , unless have mindset right and strategies abound.
In my opinion only makes for more rigidity. For every wave count there is an alternate count.
anyway, whatever helps.
regards
I don't and I totally agree on waves making you more rigid. I did study Elliott myself, but couldn't find much use of it. At least not in FX. For each time a count works there are two time it doesn't. Much like any other fixed set of rules out there
I have a friend who's a pationate Elliottitian and keeps braging about wave counts, 4th not touching 2nd, blablabla.... misses tons of trades while waiting for his running flats to reach level X and further more blabla... Beauty is in the eye of the beholder...

That being said I'd like to share someting I ran into on the other hot topic. Warren Buffett, in a recent interview with CNBC, offered one of the best quotes I've heard in all this drama about the debt ceiling:"I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election."

Rgrds
S
  • #26,724
  • Edited 12:25pm Jul 27, 2011 11:46am | Edited 12:25pm
Kiwi outside reversal bear print.
Staying nimble and watching for assassins.
rgds.
  • #26,725
  • Jul 27, 2011 8:13pm Jul 27, 2011 8:13pm
I raise my hat to fti.
After today insane flip in the dollar,
I do not know what to believe.
Maybe the best is not to trade until
the democrats and republics agree on
something...this market is directionless.
So until then...I will sleep.
Empty as water and soft as a facing wind mountain
  • #26,726
  • Edited Jul 28, 2011 12:28am Jul 27, 2011 11:44pm | Edited Jul 28, 2011 12:28am
Quoting Setebos
I don't and I totally agree on waves making you more rigid. I did study Elliott myself, but couldn't find much use of it. At least not in FX. For each time a count works there are two time it doesn't. Much like any other fixed set of rules out there
I have a friend who's a pationate Elliottitian and keeps braging about wave counts, 4th not touching 2nd, blablabla.... misses tons of trades while waiting for his running flats to reach level X and further more blabla... Beauty is in the eye of the beholder...

That being said I'd like to share...
i see, thats good to know, setebos.
Not many are still steadfast. This the price pay for success.
try stay most nimble.

Ah yes, the old sly.
yes good thinking mind on his shoulders.
but problem is the laws of the system will never allow this happen.
the systems sentrys are so blind now, that they cannot distinguish patriots from traitors.
they shoot down any thing that stand s up. And patriots have tendency do just that. Stand up and be accountable. Unlike trators that work in stealth and cowardly covert ways. Normally when someone works in stealth mode, they cooking some evil schemes. The honourable and decent chaps all tend stand up and be accountable.

its the fabric of the society we had weived. the one night stand men , they just do what benefits them, and leave the mess for others clean up. Its the honourable decent men, they the ones always gets the stick. This mindset grooms the next generations, all chose be sneaky and not know honour. Mostly lurking in the dark.


regards

Its the same everywhere.
there is is latest case in china,where they had bullets trains crashed. There was gory info on the matter communicated everywhere. The Law, they stepped in and blinded press and info coverage, to spare "the people" from the goryness. So now, no one will report anything thats gone wrong. Only the nice and rosy. "The people", well they will just be blinder and blinder to the facts and the truth. Thinks their arms in a sauna, when its actually roasting on the dinner charcoal grills.

"The nail that stands out, will be hammered back in place."
Its too messy deal with any other problems or cause. Its the nails fault and it shall be dealth with.
Power will make sure of that. This sickness is already epidemic proportions now.
Give the full meaning of the phrase " Working in the light" and " gone to the dark side".
reminds me of dracula. They cannot stand the light.
Garlic won't help, just give you bad breath and bad sex.
  • #26,727
  • Jul 28, 2011 12:27am Jul 28, 2011 12:27am
sometimes i do not understand what fti is saying.....completely
  • #26,728
  • Jul 28, 2011 12:32am Jul 28, 2011 12:32am
A farmer had only one horse. One day, his horse ran away.

All the neighbors came by saying, “I'm so sorry. This is such bad news. You must be so upset.” The man just said, “We'll see.”

A few days later, his horse came back with twenty wild horses. The man and his son corraled all 21 horses.

All the neighbors came by saying, “Congratulations! This is such good news. You must be so happy!” The man just said, “We'll see.”

One of the wild horses kicked the man's only son, breaking both his legs.

All the neighbors came by saying, “I'm so sorry. This is such bad news. You must be so upset.” The man just said, “We'll see.”

The country went to war, and every able-bodied young man was drafted to fight. The war was terrible and killed every young man, but the farmer's son was spared, since his broken legs prevented him from being drafted.

All the neighbors came by saying, “Congratulations! This is such good news. You must be so happy!” The man just said, “We'll see.”
  • #26,729
  • Jul 28, 2011 12:40am Jul 28, 2011 12:40am
Quoting indianguyinny24
A farmer had only one horse. One day, his horse ran away.

All the neighbors came by saying, “I'm so sorry. This is such bad news. You must be so upset.” The man just said, “We'll see.”

A few days later, his horse came back with twenty wild horses. The man and his son corraled all 21 horses.

All the neighbors came by saying, “Congratulations! This is such good news. You must be so happy!” The man just said, “We'll see.”

One of the wild horses kicked the man's only son, breaking both his legs.

All the neighbors came by saying, “I'm...
yes, vic, we'll see.
normally being ex flyboy, when we see , its normally too late.
but is still good late than never.


regards
  • #26,730
  • Jul 28, 2011 12:47am Jul 28, 2011 12:47am
Quoting fti
yes, vic, we'll see.
normally being ex flyboy, when we see , its normally too late.
but is still good late than never.


regards
well actually it stuck with other conversation i had with u in morning chief...

is it start of wave 2 or start of wave 1....

We'll see...

V

PS: Though we still need to be in wave to flow.... BTW dont kill me i am USD bull on AUD for quick pips and out now....somehow have a bad scorpio to play all time high and low at currency...though MO is for quick profit not to attack or rescue .... need to work on it...
  • #26,731
  • Jul 28, 2011 12:48am Jul 28, 2011 12:48am
Hello All!
Very interesting article... very interesting times...

Downgrade Day: What It Will Look Like


http://www.foxbusiness.com/markets/2...evere/?test=MM
  • #26,732
  • Jul 28, 2011 1:01am Jul 28, 2011 1:01am
Good Morning. American agencies to downgrade their own state? If they are wise imo, they will not downgrade, but launge stroong hedges knowing the positive result (not downgrade)... I dont want to predict, but this is for me clear. Regards
  • #26,733
  • Jul 28, 2011 2:49am Jul 28, 2011 2:49am
It is interesting that despite the historical evidence of the various agencies inaccuracies of the past years - that they seem to be still held in high regard... why could this be I wonder??? Maybe they serve some other purpose me thinks...
  • #26,734
  • Jul 28, 2011 4:42am Jul 28, 2011 4:42am
Quoting kaizentrader
It is interesting that despite the historical evidence of the various agencies inaccuracies of the past years - that they seem to be still held in high regard... why could this be I wonder??? Maybe they serve some other purpose me thinks...
yes, they play inteligent but they still dance to the pipers tunes. Otherwise who's going to give them salaries of doing nothing.
They are there to bully small borrowers. Need excuse to lend clean, so need manufacture excuses. Can't decline , gratitutes already taken. You no pay you no ratings.everything need ratings. mine is bigger than yours.


regards
  • #26,735
  • Edited 5:16am Jul 28, 2011 4:52am | Edited 5:16am
Quoting Jaro
Hello All!
Very interesting article... very interesting times...

Downgrade Day: What It Will Look Like


http://www.foxbusiness.com/markets/2...evere/?test=MM
no need speculate how its like.
A cows a cow, a pigs a pig.
Why need confirmation.
the writing is already on the wall.
if this was some poor small chap, they would had send to the cleaners already.
All these formalities is just apple polishing, la

what miracle at 12 th hour?
to undo a decade for sin. Ya pray harder.

Any one wants buy usd just because thety can't borrow more?
distrubs my brain, oh please. And we should buy usd, because they can borrow more?

this the facts, the situation is the junky cannot stop borrowing get his fix. And the funding is no longer good.
what ever the outcome, i cannot see reason for any confidence anymore, now that they threatening default.
Default or no, they just bad credit risk. enough said.

what? want threaten with guns next?
this just game showing, trying put down their leader.
its not possible default and expect walk away from the wreackage.
just be honourable, print even devalue just pay it. Then get back to drawing board get everyone to work.
WORK? ya work. productivity.
Is that beyond their capacity?

regards
  • #26,736
  • Jul 28, 2011 6:40am Jul 28, 2011 6:40am
Here's another interesting take on the story. A bit more visual

http://www.wtfnoway.com/
  • #26,737
  • Jul 28, 2011 9:43am Jul 28, 2011 9:43am
Quoting Setebos
Here's another interesting take on the story. A bit more visual

http://www.wtfnoway.com/
Scary
Bah...
  • #26,738
  • Jul 28, 2011 1:07pm Jul 28, 2011 1:07pm
Inserted Video


"Your lips move but I can't hear what you are saying..."
Bah...
  • #26,739
  • Jul 28, 2011 2:38pm Jul 28, 2011 2:38pm
Inserted Video
  • #26,740
  • Jul 28, 2011 8:25pm Jul 28, 2011 8:25pm
New trading strategy....... default?? downgrade??? New deal No Deal???

Inserted Video
11 traders viewing now