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Technical Analysis Fallacy

  • #41,601
  • Edited 1:55pm Jul 9, 2013 1:15pm | Edited 1:55pm
Quoting appleboy
{quote} Hi liqidone, Thanks for the explanation. This is still over my head, but i will sleep over it... But shouldnt we be comparing charts of the same time frame ? ie, weekly / daily for all pairs ? Thanks again and kind regards.



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regards
  • #41,602
  • Edited Jul 10, 2013 1:16am Jul 9, 2013 2:48pm | Edited Jul 10, 2013 1:16am
beware range game 1.53 - 1.48
egor no chases. natural drops. below 1.47 it will not stand up for a long time.

already done my duties. empire is passed, i now ronin.
only for God.

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regards
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  • #41,603
  • Jul 9, 2013 3:09pm Jul 9, 2013 3:09pm
Quoting fti
{quote} you should scout out the terrain initially get the rhythm of the flows. Then that will give you the pic of the main flows. are they moving in the core or the layers. you should start scouts, then from center of your skew branch in or outwards until point of tolerence break. after tolerance break , is death battle territories, another skew of ops. In normal markets , you should be peaking out somewhere between the middle of rescue ops or attack sequense. In exceptional terrain, you must limit at the threshold of pain. threshod of pain should...
I can feel what ur saying here fti..may god bless u with good health and tolerable life.at the moment my whole focus is prolonging my life as a trader and couple of more years not going to hurt me.
Allah has permitted trade and has forbidden interest [koran]
  • #41,604
  • Edited 3:36pm Jul 9, 2013 3:12pm | Edited 3:36pm
Time to relax.

https://www.facebook.com/photo.php?v...type=3&theater

not me, but why not?

Oh for those cannot access the song.
try this. sings better than me.

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regards
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  • #41,605
  • Jul 9, 2013 3:18pm Jul 9, 2013 3:18pm
Quoting fti
Time to relax. https://www.facebook.com/photo.php?v...type=3&theater not me, but why not? regards {image}
Jeez fti, you promised never to show that to anyone
Time hides Nothing
  • #41,606
  • Jul 9, 2013 4:21pm Jul 9, 2013 4:21pm
yes, agreed.
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  • #41,607
  • Jul 9, 2013 7:06pm Jul 9, 2013 7:06pm
Quoting fti
yes, agreed. {image} {image}

One of the best post I have ever seen. Gonna show this to my boys.
  • #41,608
  • Jul 9, 2013 7:25pm Jul 9, 2013 7:25pm
Quoting fti
yes, agreed. {image} {image}

hmmmm...... I'm beginning to think I should read more from fti

I'm not much of a follower but.........
what could it hurt ??

all the best
When the Joker is in the deck.. fear not and play it well
  • #41,609
  • Jul 9, 2013 8:58pm Jul 9, 2013 8:58pm
Quoting Slim Buffett
{quote} hmmmm...... I'm beginning to think I should read more from fti I'm not much of a follower but......... what could it hurt ?? all the best
Hang around slim, It's good stuff. Welcome to TAF..
  • #41,610
  • Edited 10:35pm Jul 9, 2013 10:22pm | Edited 10:35pm
Quoting appleboy
{quote} Hi liqidone, Thanks for the explanation. This is still over my head, but i will sleep over it... But shouldnt we be comparing charts of the same time frame ? ie, weekly / daily for all pairs ? Thanks again and kind regards.
Hi AB

The W's were put up for your benefit to show AUD had been selling off for a few months. I use H's as real money moves on the hour/4H (visual)

Sometimes you do not have to go to the major shopping centres to get the best price for the same product, you can buy it cheaper at a dollar average shop.

As an example.. the end of month EURGBP can 'prop' e$/c$. English exporters/trade/business/wages etc etc that operate in Euro's but bank in GBP, have to exchange euro to gbp and will want the best exchange rate price from their banks, this can have an affect on the e$/c$.

Watch e/c at end of month for this flow and how it affects PA in the majors. The pA will eventually be the best advisor you will ever have.

Take care

*deleted other post to save from confusion.
  • #41,611
  • Edited 1:39am Jul 10, 2013 1:27am | Edited 1:39am
Had a nice deep deep sleep.
Jesus woke me gently.
i must be going wrong directions?
he reminded me.

"Judge not, that ye be not judged.For with what judgment ye judge, ye shall be judged: and with what measure ye mete, it shall be measured to you again.And why beholdest thou the mote that is in thy brother's eye, but considerest not the beam that is in thine own eye?Or how wilt thou say to thy brother, Let me pull out the mote out of thine eye; and, behold, a beamisin thine own eye?Thou hypocrite, first cast out the beam out of thine own eye; and then shalt thou see clearly to cast out the mote out of thy brother's eye.Give not that which is holy unto the dogs, neither cast ye your pearls before swine, lest they trample them under their feet, and turn again and rend you."

ai ya, my bad. cranky old man me.

"When you pray, say:Our Father in heaven,
Hallowed be Your name.
Your kingdom come.
Your will be done
On earth as it is in heaven.

Give us day by day our daily bread.
4 And forgive us our sins,
For we also forgive everyone who is indebted to us.
And do not lead us into temptation,
But deliver us from the evil one." ..............Luke 11

regards
  • #41,612
  • Jul 10, 2013 1:50am Jul 10, 2013 1:50am
ya ya, noted.

i try revert back my old dealing dictionary.

And no get ideas, start a revival here. evil.
Just say it like it is? no polished words?

regards
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  • #41,613
  • Jul 10, 2013 1:57am Jul 10, 2013 1:57am
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  • #41,614
  • Jul 10, 2013 2:04am Jul 10, 2013 2:04am
I'm having trouble deciding my trend bias right now. Looking at the daily charts...

EUR/USD seems to be at the bottom of a range.
GBP/USD similar situation.
USD/JPY maybe has some more up room but looks ripe for a retracement.

I know we don't make predictions here, but I must form an opinion of some sort before I trade otherwise I would never open any positions!

So what are you all think about overall market direction (daily) these days?? Most majors look in limbo land to me. Thinking maybe AUD/USD downtrend is holding.
  • #41,615
  • Jul 10, 2013 2:11am Jul 10, 2013 2:11am
Quoting nomadic123
I'm having trouble deciding my trend bias right now. Looking at the daily charts... EUR/USD seems to be at the bottom of a range. GBP/USD similar situation. USD/JPY maybe has some more up room but looks ripe for a retracement. I know we don't make predictions here, but I must form an opinion of some sort before I trade otherwise I would never open any positions! So what are you all think about overall market direction (daily) these days?? Most majors look in limbo land to me. Thinking maybe AUD/USD downtrend is holding.

Good mind, my friend, ask the questions and answer yourself.
then ask everyone else and all gets confused. Just trade what you see, carefully.
Big wave, wish i could go sailing. Ya ya, won't get any just sitting and wishing.
anyone want invent portable oxygen compressor, please, pretty please.

regards
  • #41,616
  • Jul 10, 2013 2:52am Jul 10, 2013 2:52am
Quoting fti
{quote} Good mind, my friend, ask the questions and answer yourself. then ask everyone else and all gets confused. Just trade what you see, carefully. Big wave, wish i could go sailing. Ya ya, won't get any just sitting and wishing. anyone want invent portable oxygen compressor, please, pretty please. regards
haha yeah I guess I did answer my own question!

I think my biggest fear right now is that I won't identify the trend correctly and I'll get burned. I remember reading a post by someone else (back in the start of the thread) about how they blew up their account, and looking back they realized they were trading against the trend. It stuck in my mind. And I don't want that to happen to me

But I guess hindsight is 20/20 vision.
  • #41,617
  • Jul 10, 2013 3:24am Jul 10, 2013 3:24am
Quoting Slim Buffett
{quote} hmmmm...... I'm beginning to think I should read more from fti I'm not much of a follower but......... what could it hurt ?? all the best
a buffet man here? wow, how's Mary doing?
any relations?
i have a darling friend who is big fan.

welcome.

a slim song.

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regards
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  • #41,618
  • Jul 10, 2013 3:32am Jul 10, 2013 3:32am
Quoting fti
{quote} Good mind, my friend, ask the questions and answer yourself. then ask everyone else and all gets confused. Just trade what you see, carefully. Big wave, wish i could go sailing. Ya ya, won't get any just sitting and wishing. anyone want invent portable oxygen compressor, please, pretty please. regards
:-D
it's o'k to win ...
  • #41,619
  • Edited 4:10am Jul 10, 2013 3:56am | Edited 4:10am
Quoting zenseven
{quote} :-D
cannot wear frogman and walk about.
anyway limited diving walks?

went 1 campfire, came home 1 day on compressor, worst than decompression chamber.
Hope i not get cancer from these.
ok, now you know why i smoke so much and not get cancer, oxy thraphy. touch wood.
1 stick, 30 mins reoxy.

regards
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  • #41,620
  • Jul 10, 2013 4:23am Jul 10, 2013 4:23am
Quoting appleboy
{quote} Dear FTI, With reference to the above post , may i ask how "selling the AUD will prop up the EURO and CABLE " ? Thank you for your time in advance.
oh so sorry, forgot about you again.
well, if you had been following the world.
panda is heavy investor in aus lately
seems feels like some one relocating investments, guess where.

regards
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