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Technical Analysis Fallacy

  • #28,421
  • Edited 6:19am Oct 30, 2011 5:38am | Edited 6:19am
Quoting Zoran
If only it was, well, technically a computer is a machine.
then i would need believe cartoon sang this.
Is all pat boone's fault.

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  • #28,422
  • Oct 30, 2011 5:42am Oct 30, 2011 5:42am
Here is one, focus on the four dots in the middle of the picture for about 20 seconds. Then look at the ceiling and start blinking.
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  • #28,423
  • Oct 30, 2011 5:52am Oct 30, 2011 5:52am
Quoting Zoran
Here is one, focus on the four dots in the middle of the picture for about 20 seconds. Then look at the ceiling and start blinking.
ya, zoran, i think we on same page.
and these are not straight lines.
only to the untrained. Is known as parallex err.
When we see what we want to see. due to influence.ie bias.


regards

so becareful about lines on lines, ok?
so much for fan lines?
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  • #28,424
  • Oct 30, 2011 6:12am Oct 30, 2011 6:12am
Quoting piccolo
please be sure you know that you are doing before you do it.

this looks like pretty much random trading.. averaging losers till your account is blown. it didn't happen yet but it will.
Thanks for your concern, I am quick to cut my losses if trend changes which doesn't change very quickly.
  • #28,425
  • Oct 30, 2011 6:13am Oct 30, 2011 6:13am
Quoting N_Trader
I must say that piccolo is right. I was almost there once.

Thanks for your concern too, you had been there once and I had been there five times few years ago but not again.
  • #28,426
  • Oct 30, 2011 6:27am Oct 30, 2011 6:27am
Quoting fti
[...]

so becareful about lines on lines, ok?
so much for fan lines?
Hi Friends,

not sure if many have done the little chart experiment, that I mentioned a few days back:

Take your most recent trading chart and watch it upside down.
You will be suprised about your judgement and new insights you see.

BTW: It can be easily done by making a screeshot and turn the picture in any painting program. Or check FF for some indicator. It will draw the chart upside down in realtime ...

Wish you all a great sunday!

Niels
  • #28,427
  • Oct 30, 2011 6:30am Oct 30, 2011 6:30am
Quoting MaMood
Hi Friends,

not sure if many have done the little chart experiment, that I mentioned a few days back:

Take your most recent trading chart and watch it upside down.
You will be suprised about your judgement and new insights you see.

BTW: It can be easily done by making a screeshot and turn the picture in any painting program. Or check FF for some indicator. It will draw the chart upside down in realtime ...

Wish you all a great sunday!

Niels
welles wilder "adam's theory"

regards
  • #28,428
  • Oct 30, 2011 6:32am Oct 30, 2011 6:32am
Quoting fti
welles wilder "adam's theory"

regards
Sure - nothing new for an "old stager" like you
  • #28,429
  • Edited 6:51am Oct 30, 2011 6:37am | Edited 6:51am
Quoting MaMood
Sure - nothing new for an "old stager" like you


regards


make no mistake, is eye opening stuff.
cost him 1 mio usd learn it.
After he learned it, he stepped away from " new concepts in TA" which he published earlier.
Called the new thingy "delta society", if i remember correct.
don't even think about it, its millionaire club only.
  • #28,430
  • Oct 30, 2011 6:48am Oct 30, 2011 6:48am
Quoting MaMood
Hi Friends,

not sure if many have done the little chart experiment, that I mentioned a few days back:

Take your most recent trading chart and watch it upside down.
You will be suprised about your judgement and new insights you see.

BTW: It can be easily done by making a screeshot and turn the picture in any painting program. Or check FF for some indicator. It will draw the chart upside down in realtime ...

Wish you all a great sunday!

Niels
Niels

Yes, I remember that, I thought that was clever and there was so much behind that.

I also did something similar to the eurusd thread, just to give the idea that concepts are only a limitations.

I think at the beginning they thought that I was mad.

Afterwards I did care to explain the motifs behind it and I think I got some getting interested.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,431
  • Oct 30, 2011 6:52am Oct 30, 2011 6:52am
Quoting fti


regards


make no mistake, is eye opening stuff.
cost him 1 mio usd learn it.
After he learned it, he stepped away from " new concepts in TA" which he published earlier.

That sounds interesting.
Have bought it a few seconds ago ...
Can't await till it arrives.

Thx!
  • #28,432
  • Oct 30, 2011 7:07am Oct 30, 2011 7:07am
Quoting MaMood
That sounds interesting.
Have bought it a few seconds ago ...
Can't await till it arrives.

Thx!
Ok, but no blame me if your dancing goes kaput.
I not recommended anything.
But you may understand, some of whats there.
Anyway, no harm open your mind a litle.

regards
  • #28,433
  • Oct 30, 2011 7:07am Oct 30, 2011 7:07am
Again just me ...

I'm reading the Prologue atm.
I have to say it is a perfect teaser.
He mentions some interesting stuff.
Now I'm even more excited to get the book finally.

If it gives some deeper insights besides fti'S teachings - we will see.
But at least it will be an interesting read for sure ...

CU
  • #28,434
  • Oct 30, 2011 7:09am Oct 30, 2011 7:09am
Quoting MaMood
Again just me ...

I'm reading the Prologue atm.
I have to say it is a perfect teaser.
He mentions some interesting stuff.
Now I'm even more excited to get the book finally.

If it gives some deeper insights besides fti'S teachings - we will see.
But at least it will be an interesting read for sure ...

CU
OK, but rigid predicting is nothing i ever taught you, OK?
You decide whats best for you.
If the picture screws up your dance, please no blame me.
And please draw no similarities with "fti", is very different world.
And please no think fti trades 1 min charts, no way fti can out scalp market makers, and make brokers rich, either.
I hope we clear about that.


regards
  • #28,435
  • Oct 30, 2011 7:19am Oct 30, 2011 7:19am
Quoting fti
OK, but rigid predicting is nothing i ever taught you, OK?
You decide whats best for you.
If the picture screws up your dance, please no blame me.



regards

Hey Fredde,

I think you know me a little by now.
That's not my way of thinking.
Everything I do is on my own risk.

Sometimes my experiences are expensive, sometimes BE, sometimes ....
But I love to give new "input" to my brain.
And that's something that is one of the most valuable things you have done for me: You have shown me things, that i was by far not aware of.
You have set some already known things into a new context.
You are a good part of my inspiration.

So do not worry too much.
Maybe my way of trading my take another meander, but for the time being I have always found back to the basics

Thank you Sir!
  • #28,436
  • Oct 30, 2011 7:57am Oct 30, 2011 7:57am
Quoting fti

http://www.youtube.com/watch?v=d7pORiIXnY0
Thanks Chief.
Appreciate the music

Sometimes you feel like there's nothing more to learn
Only to realized that you haven't learnt anything.
  • #28,437
  • Oct 30, 2011 8:32am Oct 30, 2011 8:32am
Been reading about the "Grand Plan" that the EU finance ministers announced last Thursday. Seems some very bad cracks have already developed in the plan. Should be an interesting week as more details emerge, or lack of details becomes apparent.

For example, they are going to leverage the stability fund, but no one really knows (know one is admitting) who is backing the stability fund. So, if the worse case scenario happens (I think that means Spain and Italy need to dip into the fund) and the fund goes bust, then will all European taxpayers be on the hook for that fund? Isn't that European political and economic union? Looks like European politicians are back-dooring the European constitution. It looks more and more like Europeans have lost control to their politicians.

There are other issues, but no time to get into it now.
  • #28,438
  • Oct 30, 2011 8:33am Oct 30, 2011 8:33am
Not sure if anyone noticed the banner on FF

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How ironic
  • #28,439
  • Oct 30, 2011 8:37am Oct 30, 2011 8:37am
Quoting GEfx
Been reading about the "Grand Plan" that the EU finance ministers announced last Thursday. Seems some very bad cracks have already developed in the plan. Should be an interesting week as more details emerge, or lack of details becomes apparent.

For example, they are going to leverage the stability fund, but no one really knows (know one is admitting) who is backing the stability fund. So, if the worse case scenario happens (I think that means Spain and Italy need to dip into the fund) and the fund goes bust, then will all European taxpayers...
Hi GEfx,

Thanks for sharing the info and your views. Much appreciated.

I would quote from fti's first post

"If I may borrow from the quotes of Sir Winston Chirchill.
"That you can lie to some people all the time, all people some of the time, but not to all people, all the time.""

That's what I think is happening.

Regards
Jonathan
  • #28,440
  • Oct 30, 2011 10:00am Oct 30, 2011 10:00am
Quoting fti
then i would need believe cartoon sang this.
Is all pat boone's fault.

http://www.youtube.com/watch?v=BUIwpGOXqWU
We all have to start somewhere

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