Technical Analysis Fallacy | Page 1705 | 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

  • #34,081
  • Jun 10, 2012 10:29pm Jun 10, 2012 10:29pm
Quoting luSan
Something to remember
Thanks Lusan.

I hope soon I can be of help to others. Think I am still a bit green but think I'm gettin there.
  • #34,082
  • Jun 10, 2012 10:35pm Jun 10, 2012 10:35pm
Quoting fti

what a sick market forex has become.
maybe the gamblers are waiting
for the greese reelection results.
and some trouble in either PIIGGS.
then straight away quote at 1.15 euro
maybe par usd.
instead of trading it.
Seems they not understand shame.
even after what happened to greese.
Totally shameless.
How did the terrain changed to be so shamelessly manipuated.

Instead of change laws make no repayment for debts legal.
why not just change law and make appointments instead of elections.
That would surely allow the achieve...
Pretty sad state of affairs these days sir.

I am beginning to worry about how it will be for my boys.

Scares the hell out of me.
  • #34,083
  • Edited 10:52pm Jun 10, 2012 10:41pm | Edited 10:52pm
Quoting tubguy
Pretty sad state of affairs these days sir.

I am beginning to worry about how it will be for my boys.

Scares the hell out of me.
not be too worried tub.
even they though end of the world when alexander died.
then ceasar, then WW1 WW2
so what WW3 gonna do.
they can kill off half the world, and take all the depos in the banks.
So easy now, just electonic transfers.
and suddenly all books are balanced.

We had brettons woods, now we can have button woods.
press the bottons, and repeg all the currencies.
dead men can't collect their savings, can they?
We have the technology!!

regards
  • #34,084
  • Jun 10, 2012 10:54pm Jun 10, 2012 10:54pm
Quoting tubguy
I would wait and trade the range in my direction adding as much capital as I could to my book until things started going my way.

I was underwater pretty deep for 4 days last week and finally managed to bring it all back with a meager profit.

The way I have come to see it...is...I only take a loss when I close all trades.
Until then, the fight is on!

Ants Work.
ya ya ya,,,
thank you for the answer,,all of you
i understand,,, there is no right and no wrong,,,
what make money is right,, what make lose money is wrong ,,

regards
suma
  • #34,085
  • Jun 10, 2012 10:55pm Jun 10, 2012 10:55pm
Quoting fti
not be too worried tub.
even they though end of the world when alexander died.
then ceasar, then WW1 WW2
so what WW3 gonna do.
they can kill off half the world, and take all the depos in the banks.
So easy now, just electonic transfers.
and suddenly all books are balanced.

We had brettons woods, now we can have button woods.
press the bottons, and repeg all the currencies.
dead men can't collect their savings, can they?



regards
Yes sir, guess it's gonna be what it's gonna be.

Sure not gonna set well with me to see my boys work their butts off in school and sports just to watch it all go to hell because a bunch of dummies think they know what is best for all of us.

Rome is no longer around and I see scary similarities to the path it appears the U.S. is traveling.
  • #34,086
  • Jun 10, 2012 10:58pm Jun 10, 2012 10:58pm
Quoting sumakianlee
ya ya ya,,,
thank you for the answer,,all of you
i understand,,, there is no right and no wrong,,,
what make money is right,, what make lose money is wrong ,,

regards
suma
Suma,

I hope you took no offense to my answer?
I was merely stating how I would handle the situation.

If so, please accept my apologies.
  • #34,087
  • Jun 10, 2012 11:08pm Jun 10, 2012 11:08pm
Quoting tubguy
Suma,

I hope you took no offense to my answer?
I was merely stating how I would handle the situation.

If so, please accept my apologies.
no need apologies.,,my friend...
i just say thank you for all of you,, < for the answer >

regards
suma
  • #34,088
  • Jun 10, 2012 11:15pm Jun 10, 2012 11:15pm
Inserted Video


Inserted Video
  • #34,089
  • Jun 10, 2012 11:15pm Jun 10, 2012 11:15pm
This is nothing new my friend, its been like this, and it will be like this, not?
Who is moncatta, any hints?

Quoting fti
moncatta would be happy.

Russo does it, panda does it.
Maybe even Americano.
Why not eurozone?


regards
  • #34,090
  • Jun 11, 2012 12:04am Jun 11, 2012 12:04am
Quoting fti

what a sick market forex has become.
maybe the gamblers are waiting
for the greese reelection results.
and some trouble in either PIIGGS.
then straight away quote at 1.15 euro
maybe par usd.
instead of trading it.
Seems they not understand shame.
even after what happened to greese.
Totally shameless.
How did the terrain changed to be so shamelessly manipuated.

Instead of change laws make no repayment for debts legal.
why not just change law and make appointments instead of elections.
That would surely allow the achieve their goals.
It...
FTI, I want to learn and I won't hide my intention of learning here.

From what I see, there's sign of another sell-off on 07/06 at an important level (1.2620), the market has actually responded well to that signal (price dropped 150 pips) and today we see a gap up just above that important level (1.2620). They are looking to kill the sitting ducks there to continue bearish reaction?

Thanks fti
  • #34,091
  • Edited 1:32am Jun 11, 2012 12:59am | Edited 1:32am
Quoting indianguyinny24
None of you guys talk about dancing....

You all are stuck in rescue or attack....

where is the dance...dance determine rescue or attack....

what are you guys doing becoming like a SOFTWARE/ALGOTIHM which trigger...

if this happens do this

else do this....

come on take a reread of this thread....

V
hi v,

long time no see. rescue and attack is dance / dance is rescue and attack as well.

Rescues will need ore than fib sequence depending on how much you are loaded and how much price is against you.

We can sometimes call rescues new attack.
  • #34,092
  • Jun 11, 2012 2:08am Jun 11, 2012 2:08am
Quoting AllanS
Foreign capital is very nice to have, but how much will you risk? A few day's worth? Six months? How deep are you prepared to go? If your account was 100k, would you risk 25k in return for a few dollars? Some people can handle it, but I can't trade this way without stress ruining my judgment. Risking a few day's profits suits me fine. ie. a couple of percent. If I gain 1% every day for 4 days and lose 3% on the fifth day, and do this all year long, I'm still making 50% a year. Wouldn't this be a stunning return? How much do people hope to...

Greed has no boundry line, you must be using fixed stop and 1 or 2 or 3 entries. We do it differently here and add positions as price goes in our way. Rescues are necessary for mis timed positions or to re-attack at new levels.

I hope nothing and get something. In last 2 months I just had two loosing days and with small losses.

It is impossible to say how any weeks/months FC one is willing to put at stake. I make all the FC my capital and then work out from there.

Sometimes it is necessary to flip from short to long and vice versa depending on the skill.

50% on 100k is £50k and very good return. I am running at the moment 100%+ but there is no guarantee thou I trust whatever little skill I have. At one point I was running at 400% but then reduce my risk level by 75% by increasing the account size and reducing the position size simultaneously.
  • #34,093
  • Jun 11, 2012 2:51am Jun 11, 2012 2:51am
Quoting simpleman
We do it differently here and add positions as price goes in our way. Rescues are necessary for mis timed positions or to re-attack at new levels.
I tend to exit when overbought/sold, and re-enter a few minutes later after retrace. If I add to the attack, it's very quick, and only if there's compelling momentum. Big attacks can go bad very fast. They scare me. I prefer to keep things small and high frequency, and let compounding do the work for me. Once I have my daily quota, I turn off my computer and do something else. Keeps the brain fresh and clear for tomorrow. Greed is every bit as deadly as fear. I need ways of dealing with it in my MO.

Quote
I hope nothing and get something. In last 2 months I just had two loosing days and with small losses.

Yep. This stuff really can work.

Quote
At one point I was running at 400% but then reduce my risk level by 75% by increasing the account size and reducing the position size simultaneously.

Smart move. The only way to have small risk and decent income is to have a big account.
  • #34,094
  • Jun 11, 2012 3:29am Jun 11, 2012 3:29am
This sharing may make me sound abit stupid and silly but here goes....

I'm in eur/usd long. My attack sequence is 1,3,3.

After sending in the soldiers, price went against me. So I had to send my rescue tropps in to save them.

Before today, I always thought that I was supposed to, for example, send 7 troops to save all 7.

It didn't sound plausible at all to me. How can I send 7 to send all 7? Ratio is 1:1. And I will have to wait for price to retrace quite abit before I can even think of getting out at BE. Moreover, I wouldn't have enough buffer or margin in the event that my first level of rescue failed. It just didn't make sense.

So this was when I realized I had the wrong concept all along. I am supposed to send 7 to save the first 3. And once the first 3 are out, I will send in another 7 to save the next 3.

What I actually did was to send 6 to rescue the first 3. And I managed to get the first 3 soldiers out at a small profit. And right now, I still have 3 more soldiers fighting in there, not counting the scout.

Now it makes perfect sense to me how a rescue operation can work wonders for us
  • #34,095
  • Jun 11, 2012 5:02am Jun 11, 2012 5:02am
Quoting AllanS
I tend to exit when overbought/sold, and re-enter a few minutes later after retrace.
the problem is market can stay over bought.over sold for longer period of time without us figuring it out.

Quoting AllanS
They scare me. I prefer to keep things small and high frequency, and let compounding do the work for me.
Don't be scared, all the scared traders went bust in last flash crash.
  • #34,096
  • Jun 11, 2012 5:07am Jun 11, 2012 5:07am
Quoting simpleman
the problem is market can stay over bought.over sold for longer period of time without us figuring it out.
Wise words

Quoting simpleman
Don't be scared, all the scared traders went bust in last flash crash.
Scared monies can't make monies

Kin
  • #34,097
  • Edited 6:24am Jun 11, 2012 6:06am | Edited 6:24am
Quoting sumakianlee
just curious to know
but how if our attack suddenly reverse direction and deep underwater and stuck with thin consolidation for a couple a few hours
what do you do ?
thx
regards

As can be attack suddenly reverse?!?
Why do 1 and why add (for explain) 1?!? or 4,or???
(Too smaller time frame, the greater your rate of reaction is necessary to use,for close position(reversal fibo or all)).
The attack, it is first to win small battles, and then win the war.

Rgs

PS Move fast as the wind
Status as a forest of trees
It takes as a fire
Hold as a mountain
Hidden as a night
Attacked as a Storm and Lighting
  • #34,098
  • Jun 11, 2012 6:31am Jun 11, 2012 6:31am
Hi indianguyinny24 and luSan
Guys invitation to dance
Rgs
  • #34,099
  • Jun 11, 2012 7:26am Jun 11, 2012 7:26am
Quoting AllanS
I tend to exit when overbought/sold, and re-enter a few minutes later after retrace. If I add to the attack, it's very quick, and only if there's compelling momentum. Big attacks can go bad very fast. They scare me. I prefer to keep things small and high frequency, and let compounding do the work for me. Once I have my daily quota, I turn off my computer and do something else. Keeps the brain fresh and clear for tomorrow. Greed is every bit as deadly as fear. I need ways of dealing with it in my MO.



Yep. This stuff really can work.



Smart...
whats overbought or over sold?
i know whats over eat.

here's a new thought for you.
what gets over bought remains over bought.
what is oversold, remains over sold.
of course unless you trying pick tops or bottoms.
then after that what do you do with the rest of your life?

regards
  • #34,100
  • Edited 7:42am Jun 11, 2012 7:29am | Edited 7:42am
Quoting Gro
As can be attack suddenly reverse?!?
Why do 1 and why add (for explain) 1?!? or 4,or???
(Too smaller time frame, the greater your rate of reaction is necessary to use,for close position(reversal fibo or all)).
The attack, it is first to win small battles, and then win the war.

Rgs

PS Move fast as the wind
Status as a forest of trees
It takes as a fire
Hold as a mountain
Hidden as a night
Attacked as a Storm and Lighting

its like this la.
swift as the wind.
quiet as the forest.
immovable as a mountain.
invisible as the night.

don't tell me you translate by google?


regards

fire?
but fire is nothing when meets water.
Battle of chiBi? now the whole chibi battle ground is submerged underwater already.
even cao cao cannot find it anymore.

fire the watchers taught you.
is by the same , all mankind will burn.
fire only exist in hell.
guess where you living now.
8 traders viewing now