Technical Analysis Fallacy | Page 1491 | 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

  • #29,801
  • Dec 24, 2011 1:15am Dec 24, 2011 1:15am
Hi Guys
Going over The Thread i found one of the FTI post Thats he sums up the trading points it just a purles in every read i understand more and more

Here is The Link for you

http://www.forexfactory.com/showthre...57#post1812957

best wishes and Happy new year for everyone i wish That all our wishes will come true for us
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #29,802
  • Dec 24, 2011 2:06am Dec 24, 2011 2:06am
Quoting -Michael-
Hi Guys
Going over The Thread i found one of the FTI post Thats he sums up the trading points it just a purles in every read i understand more and more

Here is The Link for you

http://www.forexfactory.com/showthre...57#post1812957

best wishes and Happy new year for everyone i wish That all our wishes will come true for us
Michael
Good job Michael

Below quote from link specially good reminder for me:

"You may find that over time, your positions that makes better ROI
are those that started out badly timed but in the right directional trend.

Normally the good first entry trades have lesser ROI,
this is due to the human nature.
Mankind seems to find courage and bravery in adverse situations.
This is one of the reasons to have a fibo spiral rescue and a linear constant attack.
The rescues are of shorter tenure and the attacks should have a longer attack tenure(multiple attack sequences).
This allows for rescue of capital on bad timing and ability to ride on long trends moves.
As on longer tenure trend rides, you may have short strong attacks when you detect opportunities, but do not overstay the strong attacks for too long, leave only the smaller positions to ride. "

Merry Christmas all! Now off to make rice porridge

Rgs,
Baifu
  • #29,803
  • Dec 24, 2011 9:59am Dec 24, 2011 9:59am
Hi Guys
Going threw the Thread There is another important thing that FTI explained about Support and Resistance Levels
Here are the Links i thing it another "must read" in this thread and in trading in general

http://www.forexfactory.com/showthre...93#post1750893
___________________________________________________________
"Resistance and support levels are never absolute.It changes as time progresses.
Your trade positions must change as the chart progresses and a continued analytics be done.
DO NOT try to read it once and have a set mind of the possibilities of what to expect.
The analysis is an on going process and every new bar added will cause new developments.
Never read the patterns that form on the chart, rather recognise it when it forms,
and follow it with a trade position.
Chart patterns can mutate as time advances
and a fixed perspective to the pattern that has formed is dangerous
as it palalyses your ability to change when the dance changes.
Althought it is foundational that you should be able to read the pattern formations,
you should not draw those lines on to your chart.
They can form optical illusions to your mind and
impair your ability of new developments that is coming onstream in the charts."
_________________________________________________________

http://www.forexfactory.com/showthre...57639&page=189

Ask and Answer
LUSAN : I notice that PA tends to bounce away on the first touch of a S/R. Is this correct?
FTI: No. it is wrong to assume that. Support /Resistance Zones are test zones. Mostly the market 's behaviour at these areas either are very volatile or congested. Being test zones, its behaviour would be derived by the volitility when this is tested. High volitility suggest continuation after a few sweeps, while low volitility thrust indicate distribution. It is impossible to read into distribution, suggest that positions be off loaded or squared off if distribution is detected, and to follow development until impulse re-surfaces.
-----------------------------------------------------------------------------------------------------


Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #29,804
  • Dec 24, 2011 12:02pm Dec 24, 2011 12:02pm
Thanks Michael.....!

Thanks indeed.

Have good time.
  • #29,805
  • Dec 24, 2011 2:15pm Dec 24, 2011 2:15pm
Quoting jest1081
be well! and thank you sir!
jest, are you still around ?

.
  • #29,806
  • Dec 24, 2011 6:18pm Dec 24, 2011 6:18pm
Is anyone finding that following the flow becomes very difficult in high volatility? It feels broken up and it frustrates me.
  • #29,807
  • Dec 25, 2011 2:04pm Dec 25, 2011 2:04pm
I know most of the ppl are not trading now...but When I looked at the market I saw a lot of possible shorts on some pairs.

I also have stopped trading for this year
I am the one and only profitable forex trader, but not the only one
  • #29,808
  • Dec 26, 2011 7:29am Dec 26, 2011 7:29am
Quoting the redlion
to be honest the scientist in me, needs logic, not intuition nor ball park subjective information processing.
if you can do that, then my hats off to you.
to me A+B=C so then BC=A and to me, when trading because i take it as a business, it is important to have objective data.
so to your question, no, i chose not to use simple eyes.
don't you think?
I hear you redlion, you have a lot of thought there in your several posts.
Once all that info is internalized and tempered we begin with fti mo to begin to feel what the pa is doing and take note with your eyes and develop your response till it becomes an art.
You know, just like the race car driver that built his car to all these specifications, gauges, etc. and once on the track battling other cars for position going 225 mph. he is going by feel not the info that got him there.
Now back to our developement.
cheers
  • #29,809
  • Dec 27, 2011 12:38am Dec 27, 2011 12:38am
Quoting fullperson
Is anyone finding that following the flow becomes very difficult in high volatility? It feels broken up and it frustrates me.
with a correct feel, proper mindset and right MO with comfortable skews, a volatile market is the place to be... but again it's just me...

if you cannot stand the heat, stay away from the kitchen, as the saying goes.

A Blessed Christmas to You!
Success consists of going from failure to failure without loss of enthusiam
  • #29,810
  • Dec 27, 2011 2:45pm Dec 27, 2011 2:45pm
Aloha from Hawaii .

Hope having a great time with family

V
  • #29,811
  • Dec 27, 2011 2:59pm Dec 27, 2011 2:59pm
Hola from Puerto Vallarta...
Enjoy this time with your family.
  • #29,812
  • Dec 27, 2011 4:42pm Dec 27, 2011 4:42pm
Quoting successlife
Hola from Puerto Vallarta...
Enjoy this time with your family.
Yum, some Ceviche and Sol...... took a boat out of there once, got right up on some giant manta rays.... pretty area.
  • #29,813
  • Dec 28, 2011 5:19am Dec 28, 2011 5:19am
I cant help myself. Kim Chong Un is democrat. But he has not easy position there... he must do the changes slowly and invisibely...
  • #29,814
  • Dec 28, 2011 5:48am Dec 28, 2011 5:48am
Quoting Fana
I cant help myself. Kim Chong Un is democrat. But he has not easy position there... he must do the changes slowly and invisibely...
how do you know he is democratic??
  • #29,815
  • Edited 6:19am Dec 28, 2011 5:57am | Edited 6:19am
Quoting cuthbert
how do you know he is democratic??
From the expression of his face.
... no, this is not the advartisement to watch to yahoo news... and me aka "how i sold the Mars".... Lol:-)
  • #29,816
  • Dec 28, 2011 9:20am Dec 28, 2011 9:20am
Just ran across this and was wondering about the European banks borrowing 480 billion euro at 1% last week, and depositing 410 billion euro at .25% this week.

http://www.cnbc.com/id/45802572

Got to love thin-market trading on days like this! Nice move on the E/$ and the GBP/$.
  • #29,817
  • Dec 28, 2011 7:03pm Dec 28, 2011 7:03pm
wishing all TAF family a prosperous 2012 n also hope you are having a wonderful tyme with d family. Hope all is well with FTI.
  • #29,818
  • Dec 29, 2011 3:21am Dec 29, 2011 3:21am
Quoting Fana
From the expression of his face.
... no, this is not the advartisement to watch to yahoo news... and me aka "how i sold the Mars".... Lol:-)
  • #29,819
  • Dec 29, 2011 9:34am Dec 29, 2011 9:34am
Quoting fullperson
Is anyone finding that following the flow becomes very difficult in high volatility? It feels broken up and it frustrates me.
Hi FullPerson
Something that i got into while i was reading the thread
This Link is also your question on this subject and a post after yours there is an answer of FTI for you.
http://www.forexfactory.com/showthre...30#post4265130
Maybe this is the answer you seek (it was also in december)
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #29,820
  • Dec 29, 2011 9:36am Dec 29, 2011 9:36am
Eur long bus is here, please, get in
Attached Image (click to enlarge)
Click to Enlarge Name: Long bus.jpg Size: 117 KB
24 traders viewing now