Technical Analysis Fallacy | Page 2031 | 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

  • #40,601
  • May 11, 2013 11:47pm May 11, 2013 11:47pm
Quoting fti
{quote} isee. thats fine. you go skin cat your way. is ok the peeps here carry different mindset . And if that not pallatable to you then you have choice to no visit. yes , if end of story is end. no need discuss. You want understand , then read thread before argue.if valid peeps may listen , otherwise to each his own. Please not be rude. regards.
Mate, you can be sure I shan't bother calling by here again. You wont even post a chart showing this supposed unethical behaviour! And then reel off at a tangent. Thats like some guy accusing his neighbour of stealing his fence and then going on about zoning laws whan asked for proof. Bizarre! I don't need these unnecessary anxieties. The market is hard enough to read!!

And thats not being rude. Thats called cutting to the chase on something as serious as this.
The road to pipland is arduous and fraught with challenge.
  • #40,602
  • May 12, 2013 12:09am May 12, 2013 12:09am
As for this nonsense about funding gambling, the free market contemplates that one is free enough to win and lose. If you are still in the market whilst your margin is being approached, you have entered at the wrong level and are a sitting duck. I hardly think they are going to regularly mess about with spreads to kill their customer base.
The road to pipland is arduous and fraught with challenge.
  • #40,603
  • May 12, 2013 1:00am May 12, 2013 1:00am
Has anybody else tried the MT4 Floating Charts software? This isn't an advert and I have absolutely no connection with the company that sells it, I just thought I'd mention it in case others on here have been frustrated by the fact that their charts are stuck inside the main Metatrader window. In preparation for my multiple monitor setup I have been trying the trial program and I really like it. If you run two or three monitors, or even just the one, you can fill your screens with charts that you can move anywhere you like.
  • #40,604
  • May 12, 2013 4:11am May 12, 2013 4:11am
Quoting traider
{quote} Ego and paranoia. The former has always driven the markets, the latter increasingly rears its head and with some basis it has to be said. If there is anything I take from my travels in these threads its to do my risk homework and tighten up my technical accuracy, all the while recognising that the new market will be increasingly unforgiving. Alternately we may want to consider FTI's sound advice (bearing in mind that he has been at the coalface of this profession) as a lot of the old methods clearly are not working anymore.
Hi Traider.

i just read this post. maybe i left the discussion.
but i just want to make a comment based on what i believe, no offense.

i'm new here and new in the market.
but based on what i read in the reminiscence of stock operator, which is written almost in a century ago.
i can see that the market is always be the market, no significant change.
except the regulation.

may i borrow a quote from jesse livermore:
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope.
That is why the numerical formations and patterns recur on a constant basis."

and particularly about Fti's lesson, it has bring most versatile method.
and for me, it both of most profitable and sustainable.

if you have time to read completely the thread,
Fti did not elaborate the candlestick formation, pattern or etc,
in my opinion,
because it's the very basic that every novice traders should complete to understand themselves.

He intentionally only emphasize about the damage of rigidity perspective,
on the trading tools dependence. (indicator, news, s/r line, even price pattern).
-- becaus it's the theme of the thread: "technical analysis fallacy"

and it was his kindness,
eventually, he was give his bread and butter method in every single details.
of course not so detail, because he won't make his carbon copy.
but for me, it was so detail.
it was about train the discipline mindset, robust MM, and modus operandi (method).

the bottom line is, i don't believe the old method doesn't work anymore.
the criteria determines the method is still working or not, is only on the performance.
no matter how old it was, it's remain valid until it fails.
so far, it's remain valid to me.
in fact, it gives me something beyond my expectation.

my apologise to all of you to lift the case again.
i just want to speak my opinion. maybe it's the wrong time.


Regards
steady as she goes
  • #40,605
  • Edited 4:27am May 12, 2013 4:12am | Edited 4:27am
hi Fti.

my apologise about my last postings to you, which i think was undue.
i don't intend to indelicate.

i'm trully asking true question in it, maybe it was the wrong time.
also the posting before it, my intention is just to make a friendly comment.
but eventually i realize it was ambiguous words.
i think everyone who read it presume that i'm a bumpkin.
i'm not intentionally to be sarcastic. i'm not the type of that person.

my english is poor, so if i want to speak up, it's very straight.
i don't have plenty vocabulary about english slang.
also i don't have any capability to speak english eloquently.
i'm sorry about my poor education.

it's my inferiority.
my apologise if it was alluding you.
i think, it's time to me back to my cave.


Regards
steady as she goes
  • #40,606
  • May 12, 2013 4:22am May 12, 2013 4:22am
Quoting frz
{quote} Hi Traider. i just read this post. maybe i left the discussion. but i just want to make a comment based on what i believe, no offense. i'm new here and new in the market. but based on what i read in the reminiscence of stock operator, which is written almost in a century ago. i can see that the market is always be the market, no significant change. except the regulation. may i borrow a quote from jesse livermore: "All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance,...
What is it with you people. FTI can trade with bananas for all I care. If he makes a profit, well and good. However, if he complains of an unethical market, I want to see it cos where I'm sitting, I don't whilst he is clearly saying something. I want to see it for the good reason that I don't want to slip on his bananas.

But I trade my way and he does his way and may the godly fellow up there bless our various ways. This being the worldwide web, bananas and candles will occasionally cross, especially where bananas is accusing the common market of slipping up. Thats how all this hoodoo started up and I have yet to see evidence of this unethical behaviour apart from being told that I should take FTI's word for it cos he has been market making since I was tugging at my mum's apron strings.

Personally I am up to here with all this self righteous bullshit on this forum. People dont seem to want to take responsibility that they may not be as good as they think. So they will blame the brokers, bankers, communists, the Pope..anyone but themselves.
The road to pipland is arduous and fraught with challenge.
  • #40,607
  • May 12, 2013 5:01am May 12, 2013 5:01am
Quoting traider
{quote} What is it with you people. FTI can trade with bananas for all I care. If he makes a profit, well and good. However, if he complains of an unethical market, I want to see it cos where I'm sitting, I don't whilst he is clearly saying something. I want to see it for the good reason that I don't want to slip on his bananas. But I trade my way and he does his way and may the godly fellow up there bless our various ways. This being the worldwide web, bananas and candles will occasionally cross, especially where bananas is accusing the common...
my comment above only commenting about your old method post.

about unethical market, it's only my personal opinion.
can you look e/u not dropping immediately when g/u and a/u down at the time?

it just a part of this thread lesson about general condition of the market.
if you won't believe it then it's your choice.

i know it was true.
again, i recommend you to read reminiscence of stock operator.
the manipulation of market was explained further in there.
of course, the method of market manipulation is slight difference between stock and currency.

if you won't believe and still insist demanding proof,
then i couldn't give you anything than recommend you to read the ancient book.
maybe it would give you different perspective about market.


Regards
steady as she goes
  • #40,608
  • May 12, 2013 5:11am May 12, 2013 5:11am
Quoting traider
{quote} Mate, you can be sure I shan't bother calling by here again. You wont even post a chart showing this supposed unethical behaviour! And then reel off at a tangent. Thats like some guy accusing his neighbour of stealing his fence and then going on about zoning laws whan asked for proof. Bizarre! I don't need these unnecessary anxieties. The market is hard enough to read!! And thats not being rude. Thats called cutting to the chase on something as serious as this.

Why do you insist on being an asshole and trying to force your way of thinking down everyone else's throat?

If you wish to argue a point, please do it elsewhere. As far as I'm concerened, Fti has nothing to prove to you or an other that comes here thinking they have a right to have something proven. If you don't like the thread and those of us that do...nobody is forcing you to be here.
  • #40,609
  • May 12, 2013 5:35am May 12, 2013 5:35am
Quoting frz
{quote} my comment above only commenting about your old method post. about unethical market, it's only my personal opinion. can you look e/u not dropping immediately when g/u and a/u down at the time? it just a part of this thread lesson about general condition of the market. if you won't believe it then it's your choice. i know it was true. again, i recommend you to read reminiscence of stock operator. the manipulation of market was explained further in there. of course, the method of market manipulation is slight difference between stock and...
Mate, I am only telling you what I saw with my own eyes. Liquidity was trapped into driving a down move. But the move down was a clean one and followed the regular rules. This happens all the time in the markets, has always happened, will always happen. I don't have to read a book to see it.
The road to pipland is arduous and fraught with challenge.
  • #40,610
  • May 12, 2013 5:40am May 12, 2013 5:40am
Quoting tubguy
{quote} Why do you insist on being an asshole and trying to force your way of thinking down everyone else's throat? If you wish to argue a point, please do it elsewhere. As far as I'm concerened, Fti has nothing to prove to you or an other that comes here thinking they have a right to have something proven. If you don't like the thread and those of us that do...nobody is forcing you to be here.
So what are you? FTI's mouthpiece? Better still, are you the majority shareholder of this website?

I'm being nothing...just calling for proof and being told to shut up because someone "knows better". If you don't like my posts, I'ld suggest you use the ignore button rather than act like tyrant trying to stifle healthy scepticism.
The road to pipland is arduous and fraught with challenge.
  • #40,611
  • May 12, 2013 5:47am May 12, 2013 5:47am
Quoting traider
{quote} Mate, I am only telling you what I saw with my own eyes. Liquidity was trapped into driving a down move. But the move down was a clean one and followed the regular rules. This happens all the time in the markets, has always happened, will always happen. I don't have to read a book to see it.
And if you think that slight upmove that preceded the sell was a genuine buy, mate, you have a lot to learn. Anyways, this time I am really going. No point arguing with amateurs.
The road to pipland is arduous and fraught with challenge.
  • #40,612
  • May 12, 2013 5:55am May 12, 2013 5:55am
Quoting traider
{quote} What is it with you people. FTI can trade with bananas for all I care. If he makes a profit, well and good. However, if he complains of an unethical market, I want to see it cos where I'm sitting, I don't whilst he is clearly saying something. I want to see it for the good reason that I don't want to slip on his bananas. But I trade my way and he does his way and may the godly fellow up there bless our various ways. This being the worldwide web, bananas and candles will occasionally cross, especially where bananas is accusing the common...
Ok since you are very rude.
And i am a dealer.
i make you a deal .
Since You want this that banana explainations. I will take time off explain things to you, if you can show evidence that you are actually born of woman and not bananas.
Is that fair enough for you banananas.

otherwise i am too busy entertain you.
  • #40,613
  • May 12, 2013 6:05am May 12, 2013 6:05am
Quoting fti
{quote} Ok since you are very rude. And i am a dealer. i make you a deal . Since You want this that banana explainations. I will take time off explain things to you, if you can show evidence that you are actually born of woman and not bananas. Is that fair enough for you banananas. otherwise i am too busy entertain you.
Theres the old saying. A picture says a thousand words. Post the chart with the unwarranted moves.Thats all I am asking you to do. Mate....I would dearly love to be educated and proven wrong. I want you to prove me wrong in fact and learn. I am never too proud where it comes to saving my capital, despite what some of the tossers on here think.

But whats the use saying this and that when my charts were, as far as I am concerned, fine. I saw nothing out of the ordinary...just an uptick (which I avoided like the plague) and a nice selloff. I knew the selloff was coming before the news. Can ya understand that? Now yer tellin me there was more going on in those charts and I want to see them...only YOU can show me them.
The road to pipland is arduous and fraught with challenge.
  • #40,614
  • May 12, 2013 7:04am May 12, 2013 7:04am
As for ethics, here is something that is outrageous. fti, when you were at the bank, did you ever consider that the news media might be watching you? On the one hand, if you have nothing to hide, then no actual harm. But, the very idea that someone is has access to your terminal activity is bad.
http://www.cnbc.com/id/100729453
  • #40,615
  • May 12, 2013 7:29am May 12, 2013 7:29am
Quoting traider
{quote} And if you think that slight upmove that preceded the sell was a genuine buy, mate, you have a lot to learn. Anyways, this time I am really going. No point arguing with amateurs.
a book is not offering you anything unless a perspective.
nevermind if you closed your mind to read,
but maybe you wouldn't understand the perspective of this thread either.
so, what's the point arguing the thread if you won't understand the perspective?

indeed, i'm amateur and should learn a lot.
like everyone, i learn to walk before i run.

good luck.


Regards
steady as she goes
  • #40,616
  • May 12, 2013 9:03am May 12, 2013 9:03am
Quoting fti
Hello my friends. fti is still alive. Not dead yet, mostly resting trying to figure out, whats the life ahead that i should be striving for. May be a year in the mosnasteries , may be good for me . Then i get notice, hey go take a look at the thread. It Hot!, i was thinking, ok is only been a day i left. Maybe some real sexy hot showed up after i left. Normally thats my luck , is always like that, I leave and they hot shows. Story of my life. Now, I and i gets dragged back need make postings. Something edging me, this gonna be a mistake, once back...
hi fti
placed on glass wet paper,
do dry place for light (sun and glare ...)
use brush and ink and water itself paints ...
the opposite end of the brush to paint the
foreground and detail (grass, tree, bird etc.)
... and it's done
(one sample image in my profile)

You take care of yourself
  • #40,617
  • May 12, 2013 10:55am May 12, 2013 10:55am
Quoting Gro
{quote} hi fti placed on glass wet paper, do dry place for light (sun and glare ...) use brush and ink and water itself paints ... the opposite end of the brush to paint the foreground and detail (grass, tree, bird etc.) ... and it's done (one sample image in my profile) You take care of yourself
That rocks Gro! I can't even draw a good stick man.
  • #40,618
  • May 12, 2013 10:58am May 12, 2013 10:58am
Quoting traider
{quote} So what are you? FTI's mouthpiece? Better still, are you the majority shareholder of this website? I'm being nothing...just calling for proof and being told to shut up because someone "knows better". If you don't like my posts, I'ld suggest you use the ignore button rather than act like tyrant trying to stifle healthy scepticism.
"Calling for" will most likely get you nothing.

I take no issue with your posts, only your attitude.
  • #40,619
  • May 12, 2013 1:09pm May 12, 2013 1:09pm
Quoting tubguy
{quote} That rocks Gro! I can't even draw a good stick man.
no try no feel
  • #40,620
  • Edited 2:59pm May 12, 2013 1:23pm | Edited 2:59pm
Quoting traider
{quote} Theres the old saying. A picture says a thousand words. Post the chart with the unwarranted moves.Thats all I am asking you to do. Mate....I would dearly love to be educated and proven wrong. I want you to prove me wrong in fact and learn. I am never too proud where it comes to saving my capital, despite what some of the tossers on here think. But whats the use saying this and that when my charts were, as far as I am concerned, fine. I saw nothing out of the ordinary...just an uptick (which I avoided like the plague) and a nice selloff....
YES, YOU ARE RIGHT ABOUT EVERYTHING!
People like you are needed in the market ... pay
regards

PS you read Sun Zi Bing Fa ,the tested several millennia.
There is an explanation.
17 traders viewing now