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Technical Analysis Fallacy

  • #42,301
  • Edited 9:21am Aug 22, 2013 8:53am | Edited 9:21am
Quoting OfWolfAndMan
{quote} Hi Vic, Its a room correction & speaker correction device for a specific listener in a listening room. It provides timing & frequency response correction for the loudspeakers. In my opinion the timing, phase corrections & frequency response corrections are worth it, if their algos perform well in real world. More about group & phase delay here (wikipedia) It also offers room correction by adjusting a multi-band parametric equalizer. I don't recommend this because it can...
let me dance another audiophile in group and IMHO much knowledgeable then me so good for me so i can learn ....

well my speaker are DIY(do it yourself,jugaad)..

i took same pair of drivers...

http://www.6moons.com/audioreviews/bogdan/1.html


http://www.6moons.com/audioreviews/bogdan/13.jpg

added a pair of these in H based box

http://www.aespeakers.com/drivers.php?driver_id=36

earlier all of these were active crossover using DCX 2496 and following 3 pair of amp....powering everything separately...

http://www.6moons.com/industryfeatures/ncore/1.html

now i replaced the DCX 2496 with DEQX HDP-3(it is active crossover device too on top of phase and room correction and dac) earlier version. It does calculate the phase and group delay etc and after that add correction on it...well room correction i wont do with this because i plan to do some room treatments down the line....

good thing is the above has a DAC in built too....


V

PS: where r u located?
  • #42,302
  • Aug 22, 2013 10:03am Aug 22, 2013 10:03am
Quoting indianguyinny24
{quote}well my speaker are DIY(do it yourself,jugaad).. i took same pair of drivers... http://www.6moons.com/audioreviews/bogdan/1.html http://www.6moons.com/audioreviews/bogdan/13.jpg added a pair of these in H based box http://www.aespeakers.com/drivers.php?driver_id=36 earlier all of these were active crossover using DCX 2496 and following 3 pair of amp....powering everything separately... http://www.6moons.com/industryfeatures/ncore/1.html now i replaced the DCX 2496 with DEQX HDP-3(it is active crossover...
Way to go! Vic, Its an excellent setup you've got there.
  • #42,303
  • Aug 22, 2013 10:08am Aug 22, 2013 10:08am
Quoting indianguyinny24
{quote} let me dance another audiophile in group and IMHO much knowledgeable then me so good for me so i can learn ....
Thank you for your kind words, but I'm not an expert in this field, my passion just made me learn a few things.
I live in Kerala, India. Where are you located?
  • #42,304
  • Edited 10:36am Aug 22, 2013 10:09am | Edited 10:36am
Quoting OfWolfAndMan
{quote} Thank you for your kind words, but I'm not an expert in this field, my passion just made me learn a few things. I live in Kerala, India. Where are you located?

OOh man the kerala guy ... i am from india(delhi) now in New york....have a close kerala friend...

Kerala the god country....curious what all u did in sound....

V
  • #42,305
  • Aug 22, 2013 10:45am Aug 22, 2013 10:45am
Quoting indianguyinny24
{quote} OOh man the Mallu guy (no offense)... from india(delhi) now in New york....have a close mallu friend... Kerala the god country....curious what all u did in sound.... V
'God's own country' that is..

Regarding that, Well.. Music, Acoustics & Audio signal processing are my passion. I'm a self-taught person in all of my areas of interest.

I began my career by helping people setup their home theaters & audio setups. Met a few audiophiles & was blown away by their systems, there was little help I could give because they knew their stuff much better. Then I stepped into the field of architectural acoustics & was able to help a few architects & then joined a team of Acoustical Consultants, most of 'em had formal education & had masters degree in the field & are experts. I had the opportunity to work with top architects & institutions in the country.

I wanted to be a Mix engineer as well, but I set aside that one because some dislikes in the music industry. May be catch it up later..

Now I'm into forex trading, started demo last October. Planning to go live after 2 or maybe 3 months
& here I found some amazing threads & great traders.
I'm forever in debt to all those who shared & taught the priceless lessons in trading & in life.

-OWAM
  • #42,306
  • Aug 22, 2013 10:52am Aug 22, 2013 10:52am
Quoting indianguyinny24
{quote} OOh man the kerala guy ... i am from india(delhi) now in New york....have a close kerala friend... Kerala the god country....curious what all u did in sound.... V

How's life in New York ?
  • #42,307
  • Aug 22, 2013 12:27pm Aug 22, 2013 12:27pm
Quoting OfWolfAndMan
{quote} How's life in New York ?
Life in NYC is good...like every other metro....just people are litle more considerate then Delhi or bombay....i has a vibe which can all be felt while living here ...again not good or bad its different....

it shows u lot of dreams and most hard working people dream do get fulfill till they keep the feets on ground....

well u alrady ahve experience in sound ...its not much different in forex...it will take time...its like preparing for marathon....the more u ahve time to prepare more its easier...


V

PS: even this thread is like FX...many people sstarted the journey...few went off new one joined...it cna be summed as this presentation

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  • #42,308
  • Aug 22, 2013 1:58pm Aug 22, 2013 1:58pm
ate too much too fast, need time to digest... having a beer to wash it all down. no really, I'm having a beer.

This is wow:
Quoting fti
http://www.youtube.com/watch?v=E-JmtRItvbY
Here's one of my own, my go-to song at KTV (karaoke)
Inserted Video


Quoting fti
and pls never ever post your real fotograph.
I wouldn't want to scare everyone.. I am better looking than this guy in the music video
  • #42,309
  • Edited 2:21pm Aug 22, 2013 2:10pm | Edited 2:21pm
Hi Guys How is everybody Doing
Trading Well ?
Rereading ?
Trying ?
Here is the Theme that many talk about.
Some talk in favour of that some against.
and The Theme is "Stops" or maybe in FTI language "Sitting Ducks"I think that today clearly was the move
that took out all stops from previous days.
So Here are some links about stops :
Link 1
Link 2
Link 3
Link 4
Link 5
Link 6
Link 7

Enjoy


Here is my take on what i saw today as hunting stops or ducks
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Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,310
  • Edited 3:12pm Aug 22, 2013 2:54pm | Edited 3:12pm
Quoting -Michael-
Hi Guys How is everybody Doing Trading Well ? Rereading ? Trying ? Here is the Theme that many talk about. Some talk in favour of that some against. and The Theme is "Stops" or maybe in FTI language "Sitting Ducks"
Hey Michael, Thank you for the links, it's very hard to find these needles in the haystack with all the noise in this thread..

I have a question.. if the push was to bring the EUR higher, why would they want to take out the buy orders on their stop loss? I understand consuming the sellers by hitting sell stops and then bringing the price higher to take them out.
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Here is a trade I was in recently for 0.2 lots. I was taught that it was safer to have a SL here, but imagine if I hadn't. This is a Buy GBPUSD, red line SL, green line entry. The entry was a bit late on an outside bar.
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please excuse me for the ticks volume at the bottom...

and excuse my Daily Chart entry.. it's a habit I'm trying to change
  • #42,311
  • Aug 22, 2013 3:36pm Aug 22, 2013 3:36pm
Quoting 4tiger
{quote} Hey Michael, Thank you for the links, it's very hard to find these needles in the haystack with all the noise in this thread.. I have a question.. if the push was to bring the EUR higher, why would they want to take out the buy orders on their stop loss? I understand consuming the sellers by hitting sell stops and then bringing the price higher to take them out. {image} Here is a trade I was in recently for 0.2 lots. I was taught that it was safer to have a SL here, but imagine if I hadn't. This is a Buy GBPUSD, red line SL, green line entry....

First of All a disclaimer i am just as you on my learning phase so it is all just my opinion.
I already wrote it somewhere in here i am not and economist for me economics is a new topic.
I know the common macro that taught in first course of college.
Since i get addicted to this thread i became the one that reacts to the market and not telling market how to behave.
When i trade i look at the daily and then 4 hour - Top Down approach and then just try on a 5 minute to reac to what price doing. I dont try to understand why it goes up or down i react. The only reinforcement of the decision that i have besides the daily is news if the better then expected , almost not changed or worse then expected it might be something that hints me.
I don't use stops but my positions are so small that if market will go against me 100 pips and i am in scout mode it will be just 2% . Still have plenty troops to rescue. On slow days it even smaller.
About stop loss we all have been taught that No Way to place a trade without stop. But what FTI presented you can read in the links that since the stops are in system brokers can see them Market makers can see them Big Boys can see them.
i think even we the newbies can already say where probably will be many stops gathered.
You know there were so many times before that the price came almost to the pip to my stop and after taken me out got where i thought it would be. So No stops for me.
About you position i don't need to imagine if you didn't you were clearly against the daily trend. Although even if you wrong you can be salvaged if you do the rescue but it is very very tricky and capital consuming (i mean big risk)
and depends on your time window.
Trade Well
Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,312
  • Aug 22, 2013 3:55pm Aug 22, 2013 3:55pm
Quoting -Michael-
First of All a disclaimer i am just as you on my learning phase so it is all just my opinion.
Hey Michael, forever we are learning and that is what I like about Forex.

We have 2-3 traders on each customer's account where I work, and although I do not know who the other traders are, I can see in real time what they are up to.

They trade without SL, and after coming here I now know why.. but without learning first how to rescue a bad position (they don't do rescue missions at all), they get in trouble...

So before I learn how to rescue a losing position... I think I will have a SL to be on the safe side.

I need to sleep now I think the sun will be rising soon... oh I hate insomnia.
  • #42,313
  • Aug 22, 2013 4:13pm Aug 22, 2013 4:13pm
Hi TIger,

I highly encourage you to read this post http://www.forexfactory.com/showthre...96#post6909696 where Michael gathered awesome posts from FTI. I started to be profitable when i resigned from stop loss. It was my own decision, but later on i understood from FTI how to get out from bad trade to B/E or even profit from it.

I resign from SL becasue i could not stand capital loss. As my broker allows me to counter trade own trades (ECN) i rather prefered to "hedge". I had some great results but i resign from it - i need to go back to it If you use FTIs method you wont loose capital or very small portion of it. I did loose today and im very angry at my self but it was purely my fault, big fault, epic fault. Hopefully it was 12pips... but still... having all that knowledge that FTI shared, you will be much better.


FTI ... I still highly acknowledge what you did for us all here. Much much appreciated.

ALso thank you all here for sharing and teaching us.
  • #42,314
  • Aug 22, 2013 6:39pm Aug 22, 2013 6:39pm
Quoting 4tiger
ate too much too fast, need time to digest... having a beer to wash it all down. no really, I'm having a beer. This is wow: {quote} Here's one of my own, my go-to song at KTV (karaoke) http://www.youtube.com/watch?v=g7xmoYFFduk {quote} I wouldn't want to scare everyone.. I am better looking than this guy in the music video

Beer is good!

Inserted Video
  • #42,315
  • Aug 22, 2013 6:46pm Aug 22, 2013 6:46pm
I believe what I see happening on the thread is what Fti wanted all along.

a good disscusion.

great job all you new guys.

Wish I could put my thoughts into writing as well as you guys seem too.

Keep it up.
  • #42,316
  • Aug 22, 2013 7:21pm Aug 22, 2013 7:21pm
Thinking of my dad tonight. A great man. If I can be half of what he is then I'll be doing pretty good.

This song reminded me of our relationship.

I know it's not trading related but....

Inserted Video
  • #42,317
  • Aug 23, 2013 4:37am Aug 23, 2013 4:37am
Anyone trading EJ? I'm really clueless what's happening there. I was to set sell order at 132.15 for 15 pips but I resigned at it seems like bad idea I should have tried that scalp. Now we have 132.3X as high but price is in range for few hours between 131.95-132.15. There are no patterns h1 and bellow on h4 double top but it's not valid anymore.

Trend is up on m15/h1/h4 but D1 shows we're in range and almost top of the range - still some room for up move. Shall I just go with flow eyeing for 132.6X area?

id love to long at 131.8 but seems that's not gonna happen
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  • #42,318
  • Aug 23, 2013 5:16am Aug 23, 2013 5:16am
Quoting mario83
Anyone trading EJ? I'm really clueless what's happening there. I was to set sell order at 132.15 for 15 pips but I resigned at it seems like bad idea I should have tried that scalp. Now we have 132.3X as high but price is in range for few hours between 131.95-132.15. There are no patterns h1 and bellow on h4 double top but it's not valid anymore. Trend is up on m15/h1/h4 but D1 shows we're in range and almost top of the range - still some room for up move. Shall I just go with flow eyeing for 132.6X area? id love to long at 131.8 but seems that's...
Hey Mario83
It is hard to give trading advice especially in fighting because everyone is General to himself .
Different Stroke to different people.
Preservation of capital is a prior objective.
I fight only EurUsd .
But I want to give you advice that don't relate to your position(Dont forget i am still learning)
Stay With the majors EurJpy is a cross of EurUsd and UsdJpy Therefore in my opinion it is hard to fight this one
If you in learning phase stick to just one pair and Favorably Major - Look in the second link about majors.

Here is Link To Chrismas Gift of FTI very interesting for you i think -Link -
About Crosses - Link -
Practice - Link -
Rhythm - Link -
Trade well
Regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,319
  • Aug 23, 2013 6:28am Aug 23, 2013 6:28am
Quoting tubguy
Thinking of my dad tonight. A great man. If I can be half of what he is then I'll be doing pretty good. This song reminded me of our relationship. I know it's not trading related but.... http://www.youtube.com/watch?v=L7XK_zNq930
salutations.
Hope dad is in pink of health.

any son remembers his dad is a good son.

regards
  • #42,320
  • Aug 23, 2013 6:34am Aug 23, 2013 6:34am
wow big deal, he had sex.

wonder where world population comes from?
break out of stones?

pop, there goes his career.
英雄難過女人戰

http://www.marketwatch.com/story/gol..._story_popular

I hope is not one of the " he didn't use a condom" story again.

regards

every day wake up sure gets interesting stories?
but as always , never gets to hear follow up on the stories.
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