Technical Analysis Fallacy

Quoting auxesis

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Simply buying weakness and selling strength, or to short the opposite sell high - buy low to cover. Yes your perspective is timeframe relative. If long, a move/leg/wave carries the momentum of all participants joining in carrying price higher as there's incentive to buy.. once price reaches a point the attractiveness of entering the move diminishes, due to change in terrain (something fundamentally) or just the obvious risk from price gaping changing level has increased and time to take profit..... this works in both directions, in a trend one...

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Quoting wendykurnia

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hi
yes I am in line with your thinking,, auxesis
I started up the boat at retracement from the strong movement,,
and prices start to move in line with the strong movement
i'm jump in
sometimes at m15,, sometimes at m30,,sometimes at h1
be it in shallow retracement or half deep retracement ,,
but I do not feel comfortable when the retracement is too deep or too fast
hmm,,
is there something missing from my trading method
I expect additional feedback from other friends

thank you very much
cheers

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Quoting auxesis

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There's so many different scenarios to formulate a playbook, so to speak, of retracments, each is different and usually in relation to the move before. Inside a push, retraces generally aren't deep as the flow continually enters..... in such cases a deep pullback would be viewed with a certain amount of uncertainty

wave retracments can often pull back past the mid, specially if the preceding move leaves technical elements in the deeper levels.

All is subject to interpretation and ever evolving, don't try to formulate an exact criteria, just remember...

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Quoting Zoran

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The strategy is fairly simple. Follow the trend and enter on retracements (of significant high and low points). If the retracement goes further than expected, then add at the next level (fti's snowballing - eg. add at 50%, 61.8% and 88.6%). If that fails (ie, goes further than 100%), move onto the next timeframe to determine other points and possible recovery routes. If the trend continues then keep adding on retracements.

Of course, practice helps.

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Quoting drzakir123

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hi zoran,what is ur experience with the above strategy?if u can elaborate will be grateful, thank in advance
add:also when u say next higher time frame,what do u mean,say if ur using 1hr time frame then the next higher time frame is 2hr,3hr 4hr or 1day? or is it just the time frame which one feel comfortable with?

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Quoting indianguyinny24

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now its time to worry about chief...never such a long silence........

V

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Quoting wendykurnia

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let us pray according to our respective beliefs
hope for fti healing and for his kindness and for his good
amen

http://www.youtube.com/watch?v=Gp_5W...eature=related

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Quoting MaMood

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Hi friends.

I was not postingor a long time, but was reading in silence behind the curtain ...

I have to say, I'm somewhat worried, that fti has not shown up for so long now. Does anybody know something how he is doing?

I wish you all the best!
And especially for fti: Let' send us alltogether some good thoughts of love and thankfulness in his direction.

All the best!

Niels.

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Quoting MaMood

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Hi friends.

I was not posting for a long time, but was reading in silence behind the curtain ...

I have to say, I'm somewhat worried, that fti has not shown up for so long now. Does anybody know something how he is doing?

I wish you all the best!
And especially for fti: Let' send us alltogether some good thoughts of love and thankfulness in his direction.

All the best!

Niels.

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