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Technical Analysis Fallacy

  • #42,641
  • Sep 3, 2013 8:24am Sep 3, 2013 8:24am
Quoting fti
{quote}have you watched 3 kingdoms yet? what the difference between dong zhou and cao cao?
Nope, I downloaded it a couple of years ago and started watching it but the subtitles were all messed up.
  • #42,642
  • Sep 3, 2013 8:41am Sep 3, 2013 8:41am
Quoting fti
{quote} ya ya , next colour is black, 90% odds. bet your house. congratulation , soon you 2 houses. Goodbye. regards
loool why you want me to bet big .... nobody know where the market is going ....and i just try to find a reasonable bet ... always trying to minimise loss ( rescue if market condition is right) ... and im not yet fully convice , that being contrarian ( for retail trader) is really wrong .... being on your thread i try to look at things for a different angle ... but certain things will never change ....

a falling price is looking for buyers
a raising price is looking for sellers

when price is going up , its not the buyers that are pushing up ... but the sellers who are stepping back
when price is going down , its not the sellers that are pushing down ... but buyers who stepping back
  • #42,643
  • Sep 3, 2013 8:43am Sep 3, 2013 8:43am
Quoting Zoran
{quote} Nope, I downloaded it a couple of years ago and started watching it but the subtitles were all messed up.
buy it lor.
text book also refuse buy?

regards
  • #42,644
  • Sep 3, 2013 8:44am Sep 3, 2013 8:44am
Quoting Redsunfx
{quote} loool why you want me to bet big .... nobody know where the market is going ....and i just try to find a reasonable bet ... always trying to minimise loss ( rescue if market condition is right) ... and im not yet fully convice , that being contrarian ( for retail trader) is really wrong .... being on your thread i try to look at things for a different angle ... but certain things will never change .... a falling price is looking for buyers a raising price is looking for sellers when price is going up , its not the buyers that are pushing...
with your frame of mind,.
I surprised you not hit the floor yet.

i different, i raise my bid because i want someone sell me.
i lower my offer , is always hope some one takes me.
if i make you choice price, i don't really care what you do.
you have market maker edge? ya good i like you .
thanks for the pips.


regards
  • #42,645
  • Sep 3, 2013 8:51am Sep 3, 2013 8:51am
Quoting fti
{quote} with your frame of mind,. I surprised you not hit the floor yet. i different, i raise my bid because i want someone sell me. i lower my offer , is always hope some one takes me. if i make you choice price, i don't really care what you do. you have market maker edge? ya good i like you . thanks for the pips. regards
when you raise your bid .... you are taking a bet .... don't you ??
  • #42,646
  • Sep 3, 2013 8:53am Sep 3, 2013 8:53am
Quoting Redsunfx
{quote} when you raise your bid .... you are taking a bet .... don't you ??
no, something wrong with your brain?
i trying induce someone sell me.
i want to buy. more desperately than the last bidder.
you ever attended auctions before? free markets.

if i get desperate enough may even take the offer and bid there for more.


regards
  • #42,647
  • Sep 3, 2013 9:00am Sep 3, 2013 9:00am
Quoting fti
after reading the RBA statement. There still have fools buying aud. many fools live on earth? and cable wants go to 1.6? Its a weird world.

yea i read the statement and i saw the reaction...then i waited for good strike...went for a quick strike but market stalled but did came out with most of troops...

V
  • #42,648
  • Sep 3, 2013 9:01am Sep 3, 2013 9:01am
when you open a position (buy or sell ) you are taking a bet basically .... if not ..it means that you know FOR SURE where the market is going ... and as i don't know where the market is going i consider that each time i open a position im taking a bet ....(because i don't know FOR SURE where the market is going ) so to conclude being trend follower or counter trend trader .... its still a bet for both of us ... (it seems that you think that your bet are smarter than mine ... this is a different story )

when we open a new position we are betting that the market will go in our direction ... i'm wrong ?
  • #42,649
  • Sep 3, 2013 9:02am Sep 3, 2013 9:02am
Quoting indianguyinny24
{quote} yea i read the statement and i saw the reaction...then i waited for good strike...went for a quick strike but market stalled but did came out with most of troops... V

why they didn't come out?
was there a belly dancer inside?

regards

oh some did come out.
so maybe was they drunkor waiting for next showtime.

Inserted Video
  • #42,650
  • Sep 3, 2013 9:10am Sep 3, 2013 9:10am
Quoting Redsunfx
when you open a position (buy or sell ) you are taking a bet basically .... if not ..it means that you know FOR SURE where the market is going ... and as i don't know where the market is going i consider that each time i open a position im taking a bet ....(because i don't know FOR SURE where the market is going ) so to conclude being trend follower or counter trend trader .... its still a bet for both of us ... (it seems that you think that your bet are smarter than mine ... this is a different story ) when we open a new position we are betting...
Hi Guys
RedsunFx especially for you this Link
When you say "bet" you mean "educated guess"
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,651
  • Sep 3, 2013 9:10am Sep 3, 2013 9:10am
Quoting fti
{quote} why they didn't come out? was there a belly dancer inside? regards oh some did come out. so maybe was they drunkor waiting for next showtime.

you got it right again....market stalled way too long for a BIG rescue to stay...

rescue should be fast and swift...and if u check that time market was just stalled...btw i need to go to bed by 3 to be on real work next day...

and still in rescue mode...may kill all of them and bite a bullet...
  • #42,652
  • Sep 3, 2013 9:14am Sep 3, 2013 9:14am
Quoting indianguyinny24
{quote} you got it right again....market stalled way too long for a BIG rescue to stay... rescue should be fast and swift...and if u check that time market was just stalled...btw i need to go to bed by 3 to be on real work next day... and still in rescue mode...may kill all of them and bite a bullet...
better bird in pocket than on tree mostly.
esp naughty birds.
nevermind, another day another battle.
live to fight another day.

Don't leave bird on tree too long, is very stormy weathers.
only if you babysitting or is overnighters.




regards
  • #42,653
  • Sep 3, 2013 9:17am Sep 3, 2013 9:17am
Quoting -Michael-
{quote} Hi Guys RedsunFx especially for you this Link When you say "bet" you mean "educated guess" regards Michael
As usual Michael , great help from you ....... thank's for the link ... so it means that everyone here here believe that the smartest way to trade for a retail trader is to be trend follower ?? is this the point you try to make ?
  • #42,654
  • Sep 3, 2013 9:19am Sep 3, 2013 9:19am
Quoting Redsunfx
{quote} As usual Michael , great help from you ....... thank's for the link ... so it means that everyone here here believe that the smartest way to trade for a retail trader is to be trend follower ?? is this the point you try to make ?

what is a trend???


V
  • #42,655
  • Sep 3, 2013 9:19am Sep 3, 2013 9:19am
Quoting Redsunfx
{quote} As usual Michael , great help from you ....... thank's for the link ... so it means that everyone here here believe that the smartest way to trade for a retail trader is to be trend follower ?? is this the point you try to make ?
if you don't mind, please read thread yourself, what handicap you playing to?
I used play single. but i think now maybe play to ladies on a lucky day.
maybe i should go carnival course test out my putting first.


regards
  • #42,656
  • Sep 3, 2013 9:21am Sep 3, 2013 9:21am
Quoting Redsunfx
{quote} As usual Michael , great help from you ....... thank's for the link ... so it means that everyone here here believe that the smartest way to trade for a retail trader is to be trend follower ?? is this the point you try to make ?

No the point is that you never know the direction you just assume.
Thats why you in scout mode to feel the market .
It is not about trend
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,657
  • Sep 3, 2013 9:22am Sep 3, 2013 9:22am
Quoting fti
{quote} better bird in pocket than on tree mostly. esp naughty birds. nevermind, another day another battle. live to fight another day. Don't leave bird on tree too long, is very stormy weathers. only if you babysitting or is overnighters. regards

exactly....better bird in hand....

V
  • #42,658
  • Sep 3, 2013 9:36am Sep 3, 2013 9:36am
Quoting -Michael-
{quote} No the point is that you never know the direction you just assume. Thats why you in scout mode to feel the market . It is not about trend Michael
the scout mode , i have no problem , i m using scout mode for years already ... its just about trend follower or counter trend issue .. my understanding after reading the thread is always be trend follower , never go against the trend ... is it the right understanding .... ?
  • #42,659
  • Sep 3, 2013 10:21am Sep 3, 2013 10:21am
Quoting Redsunfx
{quote} the scout mode , i have no problem , i m using scout mode for years already ... its just about trend follower or counter trend issue .. my understanding after reading the thread is always be trend follower , never go against the trend ... is it the right understanding .... ?

Its my opinion
I think you are not got it yet.
The market ranging more then trending.
And at this moment you trading too.
Even if there is no trend
Here is a post about ranging - Link -
So in my opinion you are wrong in your understanding
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #42,660
  • Sep 3, 2013 10:49am Sep 3, 2013 10:49am
Quoting -Michael-
{quote} Its my opinion I think you are not got it yet. The market ranging more then trending. And at this moment you trading too. Even if there is no trend Here is a post about ranging - Link - So in my opinion you are wrong in your understanding regards Michael
Market i don't know but EURUSD is not ranging .... the bears got the ball ... we are clearly in Sell bounce mode ....each bull counter attack failed , each time we make a new low ... so not ranging for me
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