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Technical Analysis Fallacy

  • #36,601
  • Nov 22, 2012 10:56pm Nov 22, 2012 10:56pm
Quoting tashkent
if you remember fti always repeats, trade with the trend, do not go against it. if you look at the chart, i would sell at highs in square box, i would make good profit or at least exit at BE. also you have to notice the hh hl, that must ring a bell. and triangle confirms reversal. now its midterm uptrend. from there you already must be buying low at hourly TFs. yes, you are right we take position and see if we were wrong or right and then increase or decrease positions accordingly. but if all TFs down you dont buy and if up you dont sell.
good mindset.
do you have robust mm to compliment the mindset?

yes selling highs into an abc is good strategy , trend then is still down

a triangle is a continuation pattern
the triangle breaking out confirmed continuation of up push which reverses the down trend.
out of the box where you highlighted you should be buying lows with a robust mm plan.
and since is leg 1 of turn your mm should be an aggressive plan.
as the trend comes into ripeness, so should your mm.

regards
  • #36,602
  • Nov 22, 2012 10:59pm Nov 22, 2012 10:59pm
Quoting indianguyinny24
Something never change I am awake this time of year to buy some really good deals but this TAF made me realize I don't need most of stuff but I see people in line and wonder

Also stuff I need or even want (getting ps3to play cod black ops2 ) this TAF can pay the bill easily

being a tafian(if you follow TAF) makes your Needs very few and whatever is left you don't worry about it much

Wonder

ai ya my friend, some already ashore.
some stilll in learning curve.
is ok.
thats their journey.
let it be, my friend, let it be.

regards
  • #36,603
  • Nov 22, 2012 11:12pm Nov 22, 2012 11:12pm
Quoting indianguyinny24
Something never change I am awake this time of year to buy some really good deals but this TAF made me realize I don't need most of stuff but I see people in line and wonder

Also stuff I need or even want (getting ps3to play cod black ops2 ) this TAF can pay the bill easily

being a tafian(if you follow TAF) makes your Needs very few and whatever is left you don't worry about it much

Wonder
I did the black Friday thing once...never again
  • #36,604
  • Nov 22, 2012 11:13pm Nov 22, 2012 11:13pm
Quoting fti
good mindset.
do you have robust mm to compliment the mindset?

yes selling highs into an abc is good strategy , trend then is still down

a triangle is a continuation pattern
the triangle breaking out confirmed continuation of up push which reverses the down trend.
out of the box where you highlighted you should be buying lows with a robust mm plan.
and since is leg 1 of turn your mm should be an aggressive plan.
as the trend comes into ripeness, so should your mm.

regards
nice to hear from you fti, and welcome back!
last six months have changed my view of trading and its philosophy. some great threads in this forum and especially yours have helped a lot to my mindset transformation.
right mindset comes with lots of reading, thinking and contemplating. but solid mm comes only through practice and self discipline. this is my weakness and i am working on it.
thank you.
As Above, So Below
  • #36,605
  • Edited 11:44pm Nov 22, 2012 11:18pm | Edited 11:44pm
ok, chart reading patterns.

reversal patterns.
-----------------
double tops , and bottoms.
triple tops and triple bottoms.
head and shoulder neck breaks, inverted head and shoulder neck breaks.

congestion patterns
-------------------
triangles.
flags.
assasins.
gates.
fish bones.

congestion patterns should be treated as continuation patterns unless superceded by new dorminant pattern.

retracements takes forms abc waves.
trends takes form 5 waves to 7 waves.

Advance patterns reading, compounded patterns, interlocking patterns.

You can find explanations of these in any good technical analysis books.
Pattern recognision and stategic mm , read thread also hand held sessions.


I know anyone who has read TA would know this.
Really?
is good know.
Do you KNOW how use it?

Advance technicall analysis patterns.
1 bar patterns
2 bar patterns
3 bar patterns
5 bar patterns
8 bar patterns

sources for info, nihongo rice analysis manual.
have many explained in candlesticks charts manuals.

regards
  • #36,606
  • Nov 22, 2012 11:39pm Nov 22, 2012 11:39pm
Quoting fti

ai ya my friend, some already ashore.
some stilll in learning curve.
is ok.
thats their journey.
let it be, my friend, let it be.

regards
Chief ,
The credit goes to you , I see a guy taking a 60 inch tv in a broken car in which there is a baby seat in back and I think may be I got it wrong recently the best ans I come t criticize is

"Not sure why he did that because I have no idea what he has gone through"

Rest is I let everyone what they are bcz recently I have figured it out

"The bad I went looking outside the more worse I saw in my inside "

And being very selfish I am tying to clean myself before telling how much anyone has the dirt

Not much can be done except that do your best every day I read somewhere as

A day worthwhile spend beings a good night sleep a life well lived brings death more peaceful

Here goes my ranting

V
  • #36,607
  • Nov 22, 2012 11:42pm Nov 22, 2012 11:42pm
Quoting M-H Trader
I did the black Friday thing once...never again
I am going with my brother in law to eat some nice kababs then if we find something else be back to home but kabab at night had been Long
  • #36,608
  • Nov 22, 2012 11:47pm Nov 22, 2012 11:47pm
Quoting indianguyinny24
Chief ,
The credit goes to you , I see a guy taking a 60 inch tv in a broken car in which there is a baby seat in back and I think may be I got it wrong recently the best ans I come t criticize is

"Not sure why he did that because I have no idea what he has gone through"

Rest is I let everyone what they are bcz recently I have figured it out

"The bad I went looking outside the more worse I saw in my inside "

And being very selfish I am tying to clean myself before telling how much anyone has the dirt

Not much can be done except...
steady mind sees much.
regards
  • #36,609
  • Nov 22, 2012 11:48pm Nov 22, 2012 11:48pm
Quoting indianguyinny24
I am going with my brother in law to eat some nice kababs then if we find something else be back to home but kabab at night had been Long
poor lambs, well satayed, enjoy.

regards
  • #36,610
  • Nov 22, 2012 11:51pm Nov 22, 2012 11:51pm
Quoting fti
poor lambs, well satayed, enjoy.

regards
Lamb are the ones
  • #36,611
  • Nov 22, 2012 11:58pm Nov 22, 2012 11:58pm
Quoting indianguyinny24
Chief ,
The credit goes to you , I see a guy taking a 60 inch tv in a broken car in which there is a baby seat in back and I think may be I got it wrong recently the best ans I come t criticize is

"Not sure why he did that because I have no idea what he has gone through"

Rest is I let everyone what they are bcz recently I have figured it out

"The bad I went looking outside the more worse I saw in my inside "

And being very selfish I am tying to clean myself before telling how much anyone has the dirt

Not much can be done except...

maybe he doing it to save his marraige, so that the mother of the baby not go astray.
we'll never know.
To each his own.

regards
  • #36,612
  • Nov 23, 2012 12:03am Nov 23, 2012 12:03am
Great to see you about fti. Just wanted to say
Time hides Nothing
  • #36,613
  • Nov 23, 2012 12:05am Nov 23, 2012 12:05am
Quoting CindyXXXX
Great to see you about fti. Just wanted to say
hi
Glad to be around.

regards
  • #36,614
  • Nov 23, 2012 12:10am Nov 23, 2012 12:10am
Inserted Video
  • #36,615
  • Nov 23, 2012 12:15am Nov 23, 2012 12:15am
Quoting fti
ok, chart reading patterns.

reversal patterns.
-----------------
double tops , and bottoms.
triple tops and triple bottoms.
head and shoulder neck breaks, inverted head and shoulder neck breaks.

congestion patterns
-------------------
triangles.
flags.
assasins.
gates.
fish bones.

congestion patterns should be treated as continuation patterns unless superceded by new dorminant pattern.

retracements takes forms abc waves.
trends takes form 5 waves to 7 waves.

Advance patterns reading, compounded patterns, interlocking patterns.

You can find...

its always good to know all these. but i would rather prefer not giving too much attention to them. one of the reasons we need to know them is many people think these patterns have big impact. their opinion may to some extend move the price. however this is usually not true. i think keeping an eye on waves is more sound than relying on head and shoulders, cup and handle and etc etc. they work in less cases than do. considering price either moves up or down its always 50/50. so they are even worse. i am not fond of too deep analysis be it technical or fundamental. because you will never know if your analysis was correct or right unless you take the trade. and you can not do significantly better than a guy who tosses coin and buys if tail, sells if head. maybe slightly better. what we should do is watch highs and lows of the trend, sell high and buy low, cut if loss, let run if winner, keep sound mm. as a reference point to enter you can use anything. candle formation, indicator, ma or opening or closing. these do not matter. you even may use naked eye. look at the chart, anticipate and participate, quit if loser, keep if winner. this is my opinion. the best thing we can do is picking high probability trade and let the market do its job.
As Above, So Below
  • #36,616
  • Edited 1:31am Nov 23, 2012 12:47am | Edited 1:31am
Quoting tashkent
its always good to know all these. but i would rather prefer not giving too much attention to them. one of the reasons we need to know them is many people think these patterns have big impact. their opinion may to some extend move the price. however this is usually not true. i think keeping an eye on waves is more sound than relying on head and shoulders, cup and handle and etc etc. they work in less cases than do. considering price either moves up or down its always 50/50. so they are even worse. i am not fond of too deep analysis be it technical...
if you monitoring prices, these the things you see.
there's the relevence.
mm without analysis , so what mm going to do?
still need get feel on what happening.

you can try get feel , or you can guess, or you can toss coin or throw darts.
managing give you best practices for survival, and thats that.

everyone's trying apply all sorts filters get that feel.
be they lines, crossings, clouds, bands ...........
I just read prices and watch their body language patternsvia charts.

if it works for you your pips keeps growing, if pips not growing then somethings no atuned.
if mindset is screwed then ego makes lots mistakes, for you recover from.

and i keep abreast of market news and info make sure what i seeing is no illusion that i manufactured in my mind.
of course is best talking with right birds, or one can join the ducks for dinner.
on the platter.

this blowing trumpet, makes ego bloats,but generally i had been able get odds up in high 90s. and had been so foe a couple decades already.
in fact the recent decade my performance not hot at all. Mostly because my energys are lower and i not have billions to keep me excited. So slag some due to lost of focus.

mostly when scorpions starts taking over, is hard tell.
Only by interaction with friends can have detection mindset may had changed. If not focused, the ultimate warning would be the bottom line, The P&L, but if wait till the signs shows up there, maybe too late or far from basic crawl back. if books goes negative, is BIG WARNING BILLBOARD. buck up or get killed.
reach that 50% book lost and its gone. Point of no return.

One ca either write it asll off.
Refund and re boot from basics, or if one wants death match, can always keep going flawed until it explodes in your face.
Then you kick the cat.




regards
  • #36,617
  • Nov 23, 2012 1:46am Nov 23, 2012 1:46am
[quote=drzakir123;6223188]
Quoting MaMood
those are my subjective feeling till i am into trade.once i take a position and it seriously go underwater everything goes [...]

2.to make a reasonable amount of money to fullfil my needs.[more precisly my family needs lol]
as when i achieve the above two goals,trading will be the most boring profession and i will loose interest,oh yes i forget [b]to mention if i left over with money then i will establish schools for little kids whoose parents unable to fund them,becos i believe peace can only be reach by full educationr...
Good Morning Doc Zakir!

I'm impressed, especially by the bold marked statement, cause that's on my agenda as well. Perhaps you have seen already some of my postings pointing into that direction...

Would be nice to have a voice chat with you. Maybe we can combine some of our efforts in the future, to generate a larger benefit for people who really need some help...

All the best!
Niels
  • #36,618
  • Nov 23, 2012 2:05am Nov 23, 2012 2:05am
Quoting fti
鄧麗君 - 船歌 chuán gē - Boat Song - Teresa Teng 1985 Live Concert Japan HD

http://www.youtube.com/watch?v=3G6VySPYVyE
Oh fti, you are from Hong Kong?
  • #36,619
  • Nov 23, 2012 4:59am Nov 23, 2012 4:59am
yeah..
got few friends got retrenched and some trying to change job but couldn't find any for months/year.
haiz..
my best friend's company going to relocate to China, he not willing to go over, trying to find another job.
He with damn good academic result and strong work experience, didn't even get a interview for months...

I am glad that I was introduced to forex and also your thread. I have never been so engrossed in anything, been studying and
looking at charts for hours... never been so hardworking before, not even college time..ha.

I have come up with my analysis for the 4 trading day. A bit lo so (long winded), hope you don't doze off looking at the explanation !!

Thanks again for your teaching. Read and teach at your own pace, please don't stress out yourself.

James.

Quoting fti

ok noted
retirement plan.

is still looking at your charts when able to see how i can guide.
already prepared some notes.
will be posting it when ready.

regards
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  • #36,620
  • Nov 23, 2012 5:47am Nov 23, 2012 5:47am
OK EVERYONE, PLEASE NOTE:

I AM RETIREE, NO LONGER AFFILIATED WITH ANY DEALING ORGANISATION, ESP BROKING ORGANISATIONS.

BEING RETIRED, I DO NOT PROVIDE ANY PEOPLE HERE OR OTHERWISE SPECIAL TRAINING OR PRIVILAGES, EXCEPT WHAT HAS BEEN GIVEN OPENLY IN THIS THREAD.

I DO NOT ENDORSE OR SUPPORT ANY SCHEMES, FUNDS OR TRADING GROUPINGS.

IF YOU HAVE BEEN APPROACHED BY ANY ONE THAT THEY CAN TEACH YOU SPECIAL SKILLS FOR TRADING, PLEASE BE AWARE THAT I DO NOT ENDORSED NOR HAVE PRIVY TO THEIR TRACK RECORDS.

IF YOU HAVE GRIEVANCES ON TRADING MATTERS, PLEASE DO NOT REPORT TO ME AS I AM NOT THE AUTHORITIES WHO REGULATE THE INDUSTRY AND I HAVE NO JURISDICTION NOR RESOURCES DEAL WITH THE PERPETRATORS.

FOR YOU OWN SAFETY YOU ARE TO MAKE YOUR OWN DECISIONS OF TRADING AND YOUR BROKING ACCESS TO THE MARKET AND AT YOUR OWN RISK.

THANK YOU.

My friends,
For your own safety on the internet, i suggest you should do most of your discussions in the open, as you will hardly know who the counterparty talking with you really are.
To help the friends here on the thread,if you had been approached by solicitation to buy or sell anything with any parties, is appreciated that you tell on thread that we may be aware who are real and who are broking trolls.

Please, i am very tired and not in my best of health, therefore i do not want to deal with this subjects. My only purpose on the thread is to try help you to learn trading skills and so as to leave some knowledge behind for those who seeking some form of direction for development. I ask for nothing and i do not endose any organisations nor any individuals.

We seem attracted all sorts of peeps who have motives.

regards
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