Technical Analysis Fallacy | Page 1636 | 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

  • #32,701
  • Apr 8, 2012 1:37pm Apr 8, 2012 1:37pm
Copy the thread if you need.


Inserted Video


Inserted Video


This the END.
  • #32,702
  • Edited 2:05pm Apr 8, 2012 2:03pm | Edited 2:05pm
Opps! I was replying to something before refreshing. Seems I missed a few post.

Good Trading
Mike
  • #32,703
  • Apr 8, 2012 3:53pm Apr 8, 2012 3:53pm
So yes , i blew my account up a couple of days ago but strangely enough i actually feel liberated. I feel i can relax now. clutching at lots of straws to draw a result and nothing came good.

I like this thread it has some decent people who actually try to help you. I thought at first lots of posters were elitist and looked down their noses at an amateur but hey they have seen it all before right?

I have a long way to go.
I am rereading the 50 pages i went through and plan to go through the whole thread, why not I'm in no rush.
looking at the market for me is complete mixed emotion i feel like i know it inside out and at the same time i feel i know absolutely nothing, my charts constantly tell me 2 choices. utterly confused to look at them at the moment.

Going to back to the drawing board and will set out a study plan but 1st i will read through and learn what information is here.

Many thanks to those that messaged me and lent words of wisdom.

Regards
Dan
In pace, ut sapiens, aptarit idonea bello.
  • #32,704
  • Apr 8, 2012 4:15pm Apr 8, 2012 4:15pm
Quoting indianguyinny24
http://www.dailykos.com/story/2011/1...is-in-the-Flaw
Thanks V.

zz
  • #32,705
  • Apr 8, 2012 7:24pm Apr 8, 2012 7:24pm
Quoting fti
ok, homework.
research "death by a thousand (small) arrows."

ever seen any basketball teams win games by playing defence only?

and please, if you want tell mr how you not have what it takes.
please just spare me the trouble listening.
tomorrow the chicken will clobber the eagle.

after all i done put the stuff on a thread for you peeps learn?
really, how am i supposed teach chicken to fly.
all the robots never learns.

Did some "homework". Even though it wasn't assigned to me.

Found this :
http://www.financial-spread-betting....and-stops.html

Good read.
  • #32,706
  • Apr 8, 2012 7:46pm Apr 8, 2012 7:46pm
Quoting simpleman
yes, i know what you mean but the loss will still be restricted, cos 2% should be looking after at-least couple of hundred pips move.
I dont think you can predetermine your course of action, doing so restricts your ability to be "nimble". The market is constantly changing and so you must be flexible with your decision making.

You may want to commit more then 2% to protect your book. If the trade was badly timed and it is within your scope for a rescue. If caught off guard and in wrong direction then perhaps you may want to lick your wounds and fight another day.

The point is that you do not know untill the situation arises. It needs constant evaluation and analysis as the situation develops.

I think this is what Fti has taught us.
  • #32,707
  • Apr 8, 2012 9:54pm Apr 8, 2012 9:54pm
Quoting simpleman
I know what you mean, was just trying to keep the risk to the lower side but was getting rigid while doing that, better not be rigid and try to win battles.
Hi Simpleman,

You may find this useful.
http://www.forexfactory.com/showthre...57#post1812957

Regards
N
  • #32,708
  • Apr 8, 2012 10:19pm Apr 8, 2012 10:19pm
Goodday Chief,

I have to say what I have to say. Please don't take my head off for that. But if you really do, I still have no regrets.

Maybe to a certain extend you are right. That there are people out there trying to scam others, trying to build blackbox out of what you have given and sell it for money. Or there could be worse. I do not know, but I do not doubt the dark side of human nature.

However, all that being said, I think you've helped a lot of individuals with what you have presented. And I do not think that it is a trival matter. You have changed lives that you are not aware of. You've planted good seeds that you do not see the fruits yet. Do you not have faith that all things will work out for the good of those who loved Him? As for those who abuses what is entrusted upon them, I think all that they have done is to dig a very very deep hole for themselves.

Yes. So evil persist. And I believe it will continue to so long as it's not the end. But isn't it for this very reason that we are called for? To be the light? If even the light should cease to be bright, then what kind of world are we looking at? It would be something to think about. Something to fear.

I also know that sometimes it's frustrating when people don't seem to get what you are trying to say after many attempts. We all come from diverse backgrounds. I for one am a slow learner when it comes to trading. I had many many scorpions which I needed to overcome. It was not a walk in the park. But was it worth the blood and sweat? YES! Absolutely! I have know myself so much better after I learnt to trade through the TAF thread. I have learnt to see myself as I am, the good, the bad and the ugly. I recognise that innermost me and to cause it to yield for the right cause.

Chief, I respect you for what you have tried to do. And I only ask one thing from you if it's even possible. Reread the thread. Read it again. And you will start to see the beauty of what you have created. This thread, is like no other FX thread that I've ever read. It's different. It's life changing and mind transforming. So some it's for the better and for others it's for the worse. But isn't that the case for everything else in this world? Some good, some bad. It has always been imperfect. And perhaps this imperfection, weakness is necessary so that we can recognise how hopeless really are without the Light.

I don't know if I've made any sense to you, but I really hope that you will be a happier person from the bottom of my heart. Take care, Chief. And once again, thank you for what you've been and what you've given. It is beautiful.

Regards
N
  • #32,709
  • Apr 9, 2012 12:21am Apr 9, 2012 12:21am
Quoting fti
@ burt,
"Not every one who digs you out from shit is your friend."
they have teeth. even a youngster like full person knows that.
The vultures are watching.
They watching for chickens for dinner.


I went thru great pains exposed vultures.
FF cleaned the thread, i asked not to.
so you peeps on your own now.
generals in someone else's army are only slaves.
I will remember that.

regards
  • #32,710
  • Apr 9, 2012 12:23am Apr 9, 2012 12:23am
Quoting fti
Copy the thread if you need.

This the END.
You have trained well. I set my watch and warrant on it.

Thank you and good bye.

regards
  • #32,711
  • Edited 2:37am Apr 9, 2012 2:00am | Edited 2:37am
Quoting Acs_112
I dont think you can predetermine your course of action, doing so restricts your ability to be "nimble". The market is constantly changing and so you must be flexible with your decision making.

You may want to commit more then 2% to protect your book. If the trade was badly timed and it is within your scope for a rescue. If caught off guard and in wrong direction then perhaps you may want to lick your wounds and fight another day.

The point is that you do not know untill the situation arises. It needs constant evaluation and analysis as...
'

Thanks, when I said 200 pips move against me and I am out does not mean fixed 200 pips, it can be more or even less depending on the price action on larger time frames + time of the day. Also depending on the number of trades I have opened e.g. if it is just three positions I have opened and away only 300 pips together that means my running loss is only 0.3 % so long way to go. Hope I explained.
  • #32,712
  • Edited 4:07am Apr 9, 2012 2:03am | Edited 4:07am
Quoting tubguy
Did some "homework". Even though it wasn't assigned to me.

Found this :
http://www.financial-spread-betting....and-stops.html

Good read.
Thanks this is close to what I am doing (professional part) at the moment but want to change it:

One of the key differences between professionals and amateurs is that professionals scale into trades while amateurs average down. This statement may seem like clever wordplay, but it's not. Let's assume that both the professional and the amateur decide to risk two percent of their capital account on a particular trade. The professional knows full well that he will not be able to hit the exact entry point on his first attempt. Therefore, he may allocate only 0.3% of his capital to the first entry, 0.6% on the second and 1.2% to the third - and stop himself out at -2.7% away from original entry price (-2% risk).
  • #32,713
  • Edited 2:57am Apr 9, 2012 2:40am | Edited 2:57am
Quoting N_Trader
Goodday Chief,....
However, all that being said, I think you've helped a lot of individuals with what you have presented. And I do not think that it is a trival matter. You have changed lives that you are not aware of. You've planted good seeds that you do not see the fruits yet. Do you not have faith that all things will work out for the good of those who loved Him? As for those who abuses what is entrusted upon them, I think all that they have done is to dig a very very deep hole for themselves.

Yes. So evil persist. And I believe it will continue...

i for one trade with squiggly lines but TAF took me to the next level of squiggly line trading profitably thanks to fti. no need to look further for the holy grail if you are of nimble mind and have the iron will to succeed. rgds
  • #32,714
  • Apr 9, 2012 3:05am Apr 9, 2012 3:05am
Quoting fti


This the END.
Hi FTI,

Please reconsider.

I'm sure your reasons are there, but ask yourself if it is really necessary to stop posting here because of them.

If so, then thanks for showing me the light. Obviously, this is all I can ask for. The thread clearly offers more than probably any of us deserve.

If not, then maybe you will be surprised and this thread will continue in a way that you find satisfactory. Who knows what the future brings? And let's not forget, we shouldn't be predictive ()

You should be aware that your thread and posts have probably changed the lives of many, including myself. It would be a shame to end it all this way.
  • #32,715
  • Apr 9, 2012 4:08am Apr 9, 2012 4:08am
Quoting N_Trader
Goodday Chief,

I have to say what I have to say. Please don't take my head off for that. But if you really do, I still have no regrets.

Maybe to a certain extend you are right. That there are people out there trying to scam others, trying to build blackbox out of what you have given and sell it for money. Or there could be worse. I do not know, but I do not doubt the dark side of human nature.

However, all that being said, I think you've helped a lot of individuals with what you have presented. And I do not think that it is a trival matter....


Very well said, makes plenty sense to me.

Rgs,
Baifu
  • #32,716
  • Apr 9, 2012 4:20am Apr 9, 2012 4:20am
Inserted Video
for lazy guys like me art of war whole book

Fti don't go away, don't leave youngsters like me 21years old, on their own in this curel tough world :S:S:S
  • #32,717
  • Apr 9, 2012 4:37am Apr 9, 2012 4:37am
A man walked along a road on a search for enlightenment.
On his search he across an old man that told him to visit a temple far away where there would be an old and wise man who would be able to teach him the right path.
So there the man promptly set off across dangerous and treacherous country, he battled against thieves and bandits. He Climbed high mountains and crossed deserts. He swam the deep sea and fought many bloodthirsty animals.

Finally the man saw the temple but was now tired and drained of energy.
Before the temple lay 100 steps to the entrance. The man crawled up them very slowly until finally reaching the top then collapsed exhausted.
When the man awoke he was surprised to see the old man that pointed him to the temple first of all.
The man was confused , how did you get here said the man
I have been here all long you came here asking for enlightenment but obviously knew no meaning of it so i sent you on a journey to learn the right mind, now you are here there is much to learn.
The man was confused but happy to finally have the right teachings.
Ok what is the first lesson asked the man. The old man said go into the temple all the writings are there im leaving now.
The man became angry so you now leave after i have travelled the ends of the earth to find you and your teachings.
The old man simply said you are on your own now but this time you have the right mind and the correct information to aid in your quest.
The man deflated entered the temple and sat down looking around him
Where do i start he thought.........
In pace, ut sapiens, aptarit idonea bello.
  • #32,718
  • Apr 9, 2012 4:44am Apr 9, 2012 4:44am
Survivor mode... I recently found out a good mentor of mine was a murderer. Now I always keep a knife on me...

Quoting fti
i didn't want say it this way.
but peeps on the internet are so stupid.
every where you go you bound to run into groups of peeps trying steal, rob money from you.
why? because you have.
they are everywhere. I give you peeps some insights to make money in your safety and you want expose yourself to underground criminals.
You peeps want drop your security protocols on the net and meet up.
Ya i will tell you where i am, i am so damn stupid?

i really not know. really how stupid some peeps can get. but that none of my business.Is your own funerals....
  • #32,719
  • Apr 9, 2012 5:38am Apr 9, 2012 5:38am
Quoting N_Trader
Goodday Chief,

I have to say what I have to say. Please don't take my head off for that. But if you really do, I still have no regrets.

Maybe to a certain extend you are right. That there are people out there trying to scam others, trying to build blackbox out of what you have given and sell it for money. Or there could be worse. I do not know, but I do not doubt the dark side of human nature.

However, all that being said, I think you've helped a lot of individuals with what you have presented. And I do not think that it is a trival matter....
Right on N_Trade. Chief will be reemembered by lots of traders around the world for long time to come. Salute again Chief for all you have done for all of us.

zz
  • #32,720
  • Apr 9, 2012 9:04am Apr 9, 2012 9:04am
Quoting mijamoto
http://www.youtube.com/watch?v=2U-qmwfdtEE&feature=fvst for lazy guys like me art of war whole book

Fti don't go away, don't leave youngsters like me 21years old, on their own in this curel tough world :S:S:S


Thanks for posting this video. Very enlightening. A great read/view. This reinforces what Chief been telling us.

On to a great adventure, young man. Keep the faith. FTI is here to guide.

Good Fortune to all! Thanks.
12 traders viewing now