Dislikedyes noted.
The alternative of staring at the wall , i sort of not like.
Thanks, is noted.
regardsIgnored
regards
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
Dislikedyes noted.
The alternative of staring at the wall , i sort of not like.
Thanks, is noted.
regardsIgnored
Dislikedfor long tenure, here are other possibilities. If enough lines drawn, all sorts patterns can emerge.
Bias is fundamentally bearish , technically the up strengths's making all very confused.
Politically is uncertainties , because the thing is falling apart, in bits and pieces, because the core is flawed.
If i have to trade, i not want take any sides. My task is only win pips.Ignored
DislikedYes Sir .
I perfectly understand it "If i have to trade, i not want take any sides. My task is only win pips" And i understand That all the attacks and resques are just for this that you never know where the market will go it is just our edjucated guess and from there is a battle.
Yes i know that Technical view can be different but there is no end to it once i decided i have to try to make the best of my analisis i think.
But For me Turning is not an option. Because it is very hard to determin the trend and to stay on it even if i am wrong...Ignored
DislikedYes Sir .
I perfectly understand it "If i have to trade, i not want take any sides. My task is only win pips" And i understand That all the attacks and resques are just for this that you never know where the market will go it is just our edjucated guess and from there is a battle.
Yes i know that Technical view can be different but there is no end to it once i decided i have to try to make the best of my analisis i think.
But For me Turning is not an option. Because it is very hard to determin the trend and to stay on it even if i am wrong...Ignored
DislikedFor what its worth....many people in this thread went through same cycle..
VIgnored
DislikedI always want to know if we in uptrend or downtrend on daily and from there go in and look for impulse.
But even this hard. Because of Broad Congestions and because i know that 70% of the time market dont go anywere make harder to determine trend.Ignored
DislikedFrom my newb's perspective, and someone correct me if I'm wrong, you should stay away from situattions like fti's little dance.
In a congestion period you have a lot of noise and only those with huge experience and skills but also access to the order flow information could see behind this noise and look for an opportunity to make a profitable trade. Such ppl are for example interbank dealers and fti has been one and although he doesn't have access anymore to order flow information (I guess), he knows the mode of operation of other dealers and then...Ignored
DislikedArhs99, 2 questions --
1. how to identify congestion area before it happens?
2. how to catch the trend after congestion if you wasn't in the congestion area?
fti's Friday trade wasn't an answer to the above questions, instead, it's an answer to this question--- "What to do if get in congestion area?"--This is an area we spend 70% of our trading life in.
Hope this adds a little thoughts to your trading idea.Ignored
DislikedWell I don't know the answer to these 2 questions and I don't think I should try to, since it will be an exercise to predicting the future (?)
Anyway I was making the point that less skilled and experienced traders should not try what fti showed.
If i can add, my personal view, which maybe very wrong, is that after a lot of ppl went short b/c of the Greek effect, there would be a lot of stop orders above 1.3200 that maybe the NY dealers were eyeing for to make quiick profit or get rid of their euro long positions. Again this is just a thought not...Ignored
DislikedIf you don't know how to identify congestion area before it happens, then, how would you decide to stay away?Ignored
DislikedWhen I am in such situations, a little dance helps cashing in some pips while expose some positions for a possible long leg.Ignored
DislikedMany seniors demonstrated their little dance along the thread. Last Friday, fti's little dance was also an excellent example.Ignored
Dislikedyesterday, my niece told me "when people get old, things are just like that la".
But I still feel her short skirt is not as stylish as mine. :nerd:
Fighting ... no matter what.Ignored