Technical Analysis Fallacy | Page 1654 | 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

  • #33,061
  • Apr 21, 2012 12:23pm Apr 21, 2012 12:23pm
Quoting mijamoto
Guys I took today Bloomberg assesment Test 155 questions in 180 minutes, I solved all of them, some of them I just guessed and was like yongest there as I shouldn't go, our dean doesn't let undegradute students, it's too hard....
Mija! nice to hear about your performance. Best to do after professional exams is take little stress about the outcome because your stress is not affecting your results but only you.


regards
  • #33,062
  • Edited 1:18pm Apr 21, 2012 12:37pm | Edited 1:18pm
Quoting peetee09
Thanks Simpleman, i find these summaries very useful. especially as I'm still working my way through the thread.

As a signpost to others following, I can suggest a couple: the First lesson on Art of War starts #571 and Lesson Two starts #840 :-)

________________________________________________________
#1198 Look upon the donut not the hole
Good man keep it up. Reading these post doesn't mean much if understanding is not correct and understanding means reading the thread atleast couple of hundred pages.
  • #33,063
  • Apr 21, 2012 12:47pm Apr 21, 2012 12:47pm
Quoting simpleman
Good man keep it up. Reading these post doesn't mean much if understanding is not correct and understanding means reading the thread atleast couple of hundred posts.
Understanding is one step a time. It comes when you able to relate current happenings to what has been written in the thread.

regards
  • #33,064
  • Apr 21, 2012 1:12pm Apr 21, 2012 1:12pm
Quoting cuthbert
Understanding is one step a time. It comes when you able to relate current happenings to what has been written in the thread.

regards
not necessarily current happenings, mostly in the thread is about trading and it applies to whenever one is ready to trade. i.e.charts are still showing similar patterns they were showing in 2008 the only difference is price any pair is trading at. IMO

It surely will take time to understand the beast.
  • #33,065
  • Apr 21, 2012 1:15pm Apr 21, 2012 1:15pm
Quoting fti
friendly warning

http://complaintcafe.com/complaint/B...am/oanda/1309/

"....... is a bucket shop."

http://www.tradinggraphs.com/trading...oker-is-an-ecn

"manages forex accounts on behalf of investors...."

http://www.financial-spread-betting....est-crash.html

http://forexpeacemaking.wordpress.co...anda-scammers/

God, is there a real retail broker out there?
was thinking better split the money in more than one broker account just in case but MM will be a problem
  • #33,066
  • Apr 21, 2012 5:26pm Apr 21, 2012 5:26pm
Quoting simpleman
was thinking better split the money in more than one broker account just in case but MM will be a problem
or...maybe just draw out portions of your winnings every day or two.

Maybe they will forget your winning big? LOL
  • #33,067
  • Apr 22, 2012 2:27am Apr 22, 2012 2:27am
Quoting tubguy
or...maybe just draw out portions of your winnings every day or two.

Maybe they will forget your winning big? LOL
yes that's correct withdraw after every win but just trying to build the account at the moment so that I can be full time trader as Fana correctly wants me to do
  • #33,068
  • Apr 22, 2012 2:39am Apr 22, 2012 2:39am
Quoting simpleman
yes that's correct withdraw after every win but just trying to build the account at the moment so that I can be full time trader as Fana correctly wants me to do
Hi SM. That sounds... peculiarly for me... From some time, i am not familiar with giving advices to others. So please, take care... how you plane full time and so... Or/ when you mean it with a piece of humour, lets : "Good boy SM, go ahead, it is a MUST!" Regards
  • #33,069
  • Apr 22, 2012 4:20am Apr 22, 2012 4:20am
My score card from bloomberg assesmet test: 1st score is mine 2nd of global avg

Finance Knowledge and Aptitude
Corporate Valuation 100.0 46.17
Financial Markets 80.0 42.48
Investment Management 53.33 38.31
Financial Statements Analysis 46.67 48.42
Investment Banking 40.0 40.81
Economics 40.0 49.84

Career Skills

Modeling Skills 80.0 56.01
Situational and Ethical Judgment 70.0 62.62
Analytical Reasoning 66.67 50.89
Math Skills 60.0 56.66
Verbal Skills 40.0 54.47

Overall 61.29 49.7


I did bad on verbal as I was running out of time. Suprisingly I got 100 on corporate valuation so I am in top of world in this section, even thugh I dont know how I got it all rite :S My best topic I liked most was financial markets Now dont know which locations to apply I did US east coast and Germany, it's quite stupid as you are limited to 2 locations in search data.
  • #33,070
  • Apr 22, 2012 4:53am Apr 22, 2012 4:53am
Quoting Fana
Hi SM. That sounds... peculiarly for me... From some time, i am not familiar with giving advices to others. So please, take care... how you plane full time and so... Or/ when you mean it with a piece of humour, lets : "Good boy SM, go ahead, it is a MUST!" Regards
Absolutely my friend, I will do the homework before I jump into full time. The easiest way is to find a job as a trader and do trading but will need at least 12 months performance to show as consistently profitable.
  • #33,071
  • Apr 22, 2012 4:55am Apr 22, 2012 4:55am
Hi Cheif,
Sadly i found this thread really late.But better late than never.May i thank the humble cheif and his troops for the journey so far.Thank u!Thank u!!Thank u!!!
In my journey of the first 600+ pages,i initially found the rescue aspect of the MO a bit difficult to understand but later saw it really awesome.It is really outstanding.So far here is my understanding of TAF.

1.IDENTIFY THE TREND FROM THE DAILY AND TRADE IN THAT DIRECTION ON 5M CHART WITH JUST A SCOUT.

2.IF THE SCOUT SIGNALS A VICTORY IS UNDER WAY IN THE BATTLEFIELD,ATTACK LIKE NO TOMORROW WITH THE ATTACK SEQUENCE.

3.IF THE ENTRY TIME IS WRONG WHICH MEANS THAT THE IDENTIFIED TREND IS CORRECT STILL,THE RESCUE OPERATIONS IS REQUIRED.

4.IF THE DAILY BIAS IS WRONG,THE GENERAL IS DUTY BIND TO OUT THINK AND REALISES THIS IN TIME TO FLOW WITH THE RIVER OF PRICE.
ANTS CAN NEVER PUSH THE ELEPHANTS.
However,Sir your trading philosophy is never to trade against the impulsive wave.Is it the daily,hourly or the 5m impulsive wave?
Regards,

Adeshina.
  • #33,072
  • Apr 22, 2012 6:00am Apr 22, 2012 6:00am
well done mijamoto

keep up the good work i am sure all your efforts will be rewarded.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #33,073
  • Apr 22, 2012 8:55am Apr 22, 2012 8:55am
Quoting Ifebaba94
Hi Cheif,
Sadly i found this thread really late.But better late than never.May i thank the humble cheif and his troops for the journey so far.Thank u!Thank u!!Thank u!!!
In my journey of the first 600+ pages,i initially found the rescue aspect of the MO a bit difficult to understand but later saw it really awesome.It is really outstanding.So far here is my understanding of TAF.

1.IDENTIFY THE TREND FROM THE DAILY AND TRADE IN THAT DIRECTION ON 5M CHART WITH JUST A SCOUT.

2.IF THE SCOUT SIGNALS A VICTORY IS UNDER WAY IN THE BATTLEFIELD,ATTACK...

as far as I understand
impulse on the m5, but can be viewed at the hourly and daily
so if the impulse against my bias
I do not take a position
maybe another friend could give a better explanation


regards
suma
  • #33,074
  • Apr 22, 2012 10:19am Apr 22, 2012 10:19am
Inserted Video



V
  • #33,075
  • Apr 22, 2012 11:43am Apr 22, 2012 11:43am
Quoting Ifebaba94
Hi Cheif,
Sadly i found this thread really late.But better late than never.May i thank the humble cheif and his troops for the journey so far.Thank u!Thank u!!Thank u!!!
In my journey of the first 600+ pages,i initially found the rescue aspect of the MO a bit difficult to understand but later saw it really awesome.It is really outstanding.So far here is my understanding of TAF.

1.IDENTIFY THE TREND FROM THE DAILY AND TRADE IN THAT DIRECTION ON 5M CHART WITH JUST A SCOUT.

2.IF THE SCOUT SIGNALS A VICTORY IS UNDER WAY IN THE BATTLEFIELD,ATTACK...
Hi.
IDENTIFY THE TREND FROM MARKET.
the rest of the rigidity is your own understanding.

regards
  • #33,076
  • Apr 22, 2012 4:31pm Apr 22, 2012 4:31pm
Quoting mijamoto
My score card from bloomberg assesmet test: 1st score is mine 2nd of global avg

Finance Knowledge and Aptitude
Corporate Valuation 100.0 46.17
Financial Markets 80.0 42.48
Investment Management 53.33 38.31
Financial Statements Analysis 46.67 48.42
Investment Banking 40.0 40.81
Economics 40.0 49.84

Career Skills

Modeling Skills 80.0 56.01
Situational and Ethical Judgment 70.0 62.62
Analytical Reasoning 66.67 50.89
Math Skills 60.0 56.66
Verbal Skills 40.0 54.47

Overall 61.29 49.7


I did bad on verbal as I was running out of time. Suprisingly...
Mija,

Good job! Congratulations on your outstanding achievement. May this lead you to greener pasture http://www.forexfactory.com/images/icons/dollar.gif. Good luck from TAF friend.
  • #33,077
  • Apr 22, 2012 6:33pm Apr 22, 2012 6:33pm
FTI, do you know any thing of “Continuous Match” which banks would take block trades outside the normal order book to limit market impact.

Whats the process of taking these orders if its off the normal order book?
  • #33,078
  • Apr 22, 2012 7:10pm Apr 22, 2012 7:10pm
Quoting M-H Trader
FTI, do you know any thing of “Continuous Match” which banks would take block trades outside the normal order book to limit market impact.

Whats the process of taking these orders if its off the normal order book?
Before i answer that question , I need to know who told you about it.
OR how you got wind of it.


regards
  • #33,079
  • Apr 22, 2012 7:23pm Apr 22, 2012 7:23pm
Quoting fti
Before i answer that question , I need to know who told you about it.
OR how you got wind of it.


regards
http://www.fxweek.com/fx-week/news/1...m-manual-users

http://www.fxweek.com/fx-week/news/2...ading-platform

http://www.google.com.ar/url?sa=t&rc...njok19EehNS9LA

Is this info correct?

Rgs,

T.
  • #33,080
  • Apr 22, 2012 7:26pm Apr 22, 2012 7:26pm
Greetings from southwest highland of China, Chief!
Sorry for replying late, but these couple of days I couldn't access yahoo mail due to strange "Authentication" error. Maybe because I'm in internet bar-- I haven't set up internet connection at home yet. Anyway, it's so nice to see everybody still on FF , greetings to all !

I am not back on trading yet, so, no worry, environment changing is not impacting on trading yet.

But I'm confused, why "Stop skewing"? I'm not sure if I understand your email correctly or not.

My mind and reactions to the market have been built up in a certain way ( by you, thanks! ) for couple of years. If any change has to be made, I would make the change under your instructions.

I will have internet setup at home this week. Hope to receive your email soon.

Best regards,
Jenny

P.S. I will leave this internet bar soon, will reply when next time online.

P.P.S. lots of things to nag about, you know what's that, -- less smoking, proper timing for meals, rest, ... and so on... ok, I'm not nagging right now, you no need angry
66 traders viewing now