Technical Analysis Fallacy | Page 2032 | 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

  • #40,621
  • Edited 3:55pm May 12, 2013 3:05pm | Edited 3:55pm
Quoting tubguy
{quote} "Calling for" will most likely get you nothing. I take no issue with your posts, only your attitude.
You people are seriously deranged. Its everyone elses fault but yourselves. Its common knoweldge that the wholesale market is manipulated by CB's...they even advertise that fact. I am sure brokers play with spreads when liquidity is low (and data is often less than desirable from some liquidity providers). The Chinese routinely fiddle about with personal data (as in mine it), along with many other governments.

This is as old as human history.

In the days when FTI's trading world was a happy ethical place, Cold War spying was rampant.

No amount of whining will alter this. Like I said, we either be as good as we can be and do our due diligence or quit, as FTI suggests. I saw nothing out of the ordinary in my EU charts for that day. If FTI had issues peculiar to his broker, well, such is this game. We can only do our best at being prepared or give up and go sell life insurance.
The road to pipland is arduous and fraught with challenge.
  • #40,622
  • May 12, 2013 4:08pm May 12, 2013 4:08pm
Quoting Gro
{quote} 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.
I don't reckon Sun Tzu is all he was cracked out to be or else the Chinese would not have abandoned agrarian collectivisation in preference for infinite growth on a finite planet.

The greatest philisopher in human systems was Karl Marx who succinctly detailed the course capitalism will take before it goes through its own historical transition, as do all social cultures.

I therefore have no illusions about capital and this notion about honourable capitalists is an urban myth. This social economy acculturates us to be red in tooth and claw at the market place...it is up to us as traders to be smart or go find something safe and secure.
The road to pipland is arduous and fraught with challenge.
  • #40,623
  • Edited 5:44pm May 12, 2013 5:21pm | Edited 5:44pm
customers books MANIPULATED.

case rest.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: efraud.jpg Size: 42 KB
Click to Enlarge Name: yen.jpg Size: 29 KB
Click to Enlarge Name: cable.jpg Size: 30 KB
Click to Enlarge Name: aud.jpg Size: 26 KB
  • #40,624
  • May 12, 2013 5:58pm May 12, 2013 5:58pm
Yeap. I see that spike at that sell zone. Nasty bugger. I'ld have taken my stop loss above the wick of the stopped candle (the only risk then would have been manipulated spreads...but thats life I guess...you do the best you can)...but thats my personal style. I don't expect much in this game and cover my back.

Anyway, thanks for that rather painful jhourney to resolution. The upshot of all of this is that this is a risky game and you had better know what you're looking at...as there's no free rides here. And capitalism is only going to get harsher.
The road to pipland is arduous and fraught with challenge.
  • #40,625
  • Edited 7:10pm May 12, 2013 6:20pm | Edited 7:10pm
Quoting traider
Yeap. I see that spike at that sell zone. Nasty bugger. I'ld have taken my stop loss above the wick of the stopped candle (the only risk then would have been manipulated spreads...but thats life I guess...you do the best you can)...but thats my personal style. I don't expect much in this game and cover my back. Anyway, thanks for that rather painful jhourney to resolution. The upshot of all of this is that this is a risky game and you had better know what you're looking at...as there's no free rides here. And capitalism is only going to get harsher....
In fact i never use stops.
but this time being off saddle and feeling unwell.
I made exception, because position was very large and already in the money.

Nevermind, is only opportunity loss, but tells me about my friendly brokers.
Becareful who can see your privates.


regards

My point only this,
The conflict of interest and manipulation,
Broking and market making, the need for china walls.
  • #40,626
  • May 12, 2013 6:24pm May 12, 2013 6:24pm
Quoting fti
{quote} In fact i never use stops. but this time being off saddle and feeling unwell. I made exception, because position was very large and already in the money. Nevermind, is only opportunity loss, but tells me about my friendly brokers. Becareful who can see your privates. regards
Absolutely, FTI. I have a high regard for you but being a lawyer, I have to see proof of anything. Its kinda wired into me. But hey. that was a cool learning curve for me even though it seemed like we were duking it out.

Take it easy.
The road to pipland is arduous and fraught with challenge.
  • #40,627
  • May 12, 2013 7:14pm May 12, 2013 7:14pm
Quoting fti
{quote} In fact i never use stops. but this time being off saddle and feeling unwell. I made exception, because position was very large and already in the money. Nevermind, is only opportunity loss, but tells me about my friendly brokers. Becareful who can see your privates. regards My point only this, The conflict of interest and manipulation, Broking and market making, the need for china walls.
Inserted Video
  • #40,628
  • May 12, 2013 10:05pm May 12, 2013 10:05pm
Quoting traider
Yeap. I see that spike at that sell zone. Nasty bugger. I'ld have taken my stop loss above the wick of the stopped candle (the only risk then would have been manipulated spreads...but thats life I guess...you do the best you can)...but thats my personal style. I don't expect much in this game and cover my back. Anyway, thanks for that rather painful jhourney to resolution. The upshot of all of this is that this is a risky game and you had better know what you're looking at...as there's no free rides here. And capitalism is only going to get harsher....

Glad to see some calm resolution to the matter. Your a persistent one, I'll give ya that.

Now, welcome to the thread.
  • #40,629
  • May 12, 2013 10:31pm May 12, 2013 10:31pm
Quoting fti
customers books MANIPULATED. case rest. {image} {image} {image} {image}
That's not the right time for the US figures releases - the candle you have marked for your entry was the 17.15 GMT candle - 3 hours and 45 minutes after the employment figures releases.

Cheers
  • #40,630
  • May 12, 2013 10:43pm May 12, 2013 10:43pm
In this image - 1 is the US figs realeases, 2 is where you were stopped out and 3 is the time period that you were looking at on the above chart.
Attached Image (click to enlarge)
Click to Enlarge Name: us_figs.jpg Size: 65 KB
  • #40,631
  • Edited 11:49pm May 12, 2013 11:12pm | Edited 11:49pm
Quoting ukmanthailan
In this image - 1 is the US figs realeases, 2 is where you were stopped out and 3 is the time period that you were looking at on the above chart. {image}
thank you my friend for the correction.
much obliged.
Nevertheless is same scenario.
whats done still will leaves tracks.

Only now see, is rampant behaviour and on going.

sorry i am undisposed , am at moment helping interpol with an international event about 1 of my friends.
Thanks again UKman.
Need get my time disorientation corrected.
is difficult when need getting fact in good timeline.
Maybe this MT4 need overhaul, lots discrapencies, to address also.

regards

Just for more evidence.
remember the time when SNB put floor to euro chf at 1.2
SNB was on bid 1.2 all the while when prices traded below some 20+pips, infracted their price.

Is a strong case, the prices infraction issues need authorities to address.
Otherwise this retail industry is becomes inaccurate(bogus) markets.
prices infractions everywhere when suits thieves purposes.
  • #40,632
  • May 12, 2013 11:24pm May 12, 2013 11:24pm
Quoting fti
{quote} thank you my friend for the correction. much obliged. Nevertheless is same scenario. whats done still will leaves tracks. Only now see, is rampant behaviour and on going. sorry i am undisposed , am at moment helping interpol with an international event about 1 of my friends. Thanks again UKman. Need get my time disorientation corrected. is difficult when need getting fact in good timeline. Maybe this MT4 need overhaul, lots discrapencies, to address also. regards Just for more evidence. remember the time when SNB put floor to euro...

I am very happy to see the storm abated
with the completion of a wise and fair
have a good day ,, sir,,
all the best

salaam
  • #40,633
  • May 13, 2013 12:11am May 13, 2013 12:11am
Quoting ukmanthailan
{quote} That's not the right time for the US figures releases - the candle you have marked for your entry was the 17.15 GMT candle - 3 hours and 45 minutes after the employment figures releases. Cheers
I'm probably teaching you how to suck eggs but I wasn't unduly concerned with the timing. News release kicks can sometimes take a while to brew and this may perhaps have been one of them. This is a hard one...as the spike straddles the sell off pivot. On my tf it came off nice and clean but FTI's was an interesting treat.
The road to pipland is arduous and fraught with challenge.
  • #40,634
  • May 13, 2013 12:11am May 13, 2013 12:11am
Quoting fti
{quote} thank you my friend for the correction. much obliged. Nevertheless is same scenario. whats done still will leaves tracks. Only now see, is rampant behaviour and on going. sorry i am undisposed , am at moment helping interpol with an international event about 1 of my friends. Thanks again UKman. Need get my time disorientation corrected. is difficult when need getting fact in good timeline. Maybe this MT4 need overhaul, lots discrapencies, to address also. regards Just for more evidence. remember the time when SNB put floor to euro...
No problem. I often get confused myself - it doesn't help that different brokers use different times. Oanda uses my local time and Alpari UK used to use GMT +1, then they changed to GMT +2. I can't think of any good reason they did that apart from to confuse people - what's the signficance of Eastern European time?

I wouldn't have noticed but when you first mentioned the manipulation I pulled up EUR, CHF, JPY and GBP charts to see what you meant - I even put circles around the times like you did - I must have been reading your posts for too long!

Good luck to your friend.

Cheers
  • #40,635
  • May 13, 2013 12:13am May 13, 2013 12:13am
Quoting mr.kho
{quote} I am very happy to see the storm abated with the completion of a wise and fair have a good day ,, sir,, all the best salaam
The art of dialectics my friend. From the furnace of controversy comes the light of knowledge.
The road to pipland is arduous and fraught with challenge.
  • #40,636
  • May 13, 2013 12:24am May 13, 2013 12:24am
Quoting traider
{quote} The art of dialectics my friend. From the furnace of controversy comes the light of knowledge.

love your quotes,, sir,,
From the furnace of controversy comes the light of knowledge.

salaam
  • #40,637
  • May 13, 2013 12:25am May 13, 2013 12:25am
Quoting fti
{quote} thank you my friend for the correction. much obliged. Nevertheless is same scenario. whats done still will leaves tracks. Only now see, is rampant behaviour and on going. sorry i am undisposed , am at moment helping interpol with an international event about 1 of my friends. Thanks again UKman. Need get my time disorientation corrected. is difficult when need getting fact in good timeline. Maybe this MT4 need overhaul, lots discrapencies, to address also. regards Just for more evidence. remember the time when SNB put floor to euro...
I guess running a number of MT4's side by side is not much of a confirmation, data wise? Hows about a mix of platforms?
The road to pipland is arduous and fraught with challenge.
  • #40,638
  • May 13, 2013 12:27am May 13, 2013 12:27am
Quoting mr.kho
{quote} love your quotes,, sir,, From the furnace of controversy comes the light of knowledge. salaam
Hahaha. Yeah. Thanks.
The road to pipland is arduous and fraught with challenge.
  • #40,639
  • May 13, 2013 12:54am May 13, 2013 12:54am
Quoting ukmanthailan
{quote} No problem. I often get confused myself - it doesn't help that different brokers use different times. Oanda uses my local time and Alpari UK used to use GMT +1, then they changed to GMT +2. I can't think of any good reason they did that apart from to confuse people - what's the signficance of Eastern European time? I wouldn't have noticed but when you first mentioned the manipulation I pulled up EUR, CHF, JPY and GBP charts to see what you meant - I even put circles around the times like you did - I must have been reading your posts for...
If memory serves me well, I believe their excuse at the time was to keep the trading platform open an extra hour.
  • #40,640
  • May 13, 2013 1:33am May 13, 2013 1:33am
Quoting Zoran
{quote} If memory serves me well, I believe their excuse at the time was to keep the trading platform open an extra hour.
Oh Yes, now that you mention it, I remember them making an announcement along those lines. Thank you.

No reason why they would have to change the time zone to do that though.

Cheers
208 traders viewing now