Technical Analysis Fallacy | Page 2169 | 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

  • #43,361
  • Edited 2:13am Oct 9, 2013 2:01am | Edited 2:13am
ai yo, i keep trying to do chi exercises, and rest.

and i keep getting fed.
"Stop feeding the ......"

Inserted Video


and don't forget to

regards
  • #43,362
  • Oct 9, 2013 2:18am Oct 9, 2013 2:18am
.
Attached Image
  • #43,363
  • Oct 9, 2013 8:16am Oct 9, 2013 8:16am
damn lady cable is; bless her little cotton socks
  • #43,364
  • Oct 9, 2013 7:11pm Oct 9, 2013 7:11pm
Fx fund got closed...and this used very high model...FX Concepts, which uses computer models for 90 percent of its trading

http://www.reuters.com/article/2013/...0HZ1E220131009


V
  • #43,365
  • Oct 10, 2013 2:04am Oct 10, 2013 2:04am
TECHNICAL ANALYSIS HAS CHANGED SO MUCH THIS YEAR, I ASSURE ALL OF YOU MORE TRADERS THIS YEAR HAVE HAD TO GO BACK TO WORK THAN ANY YEAR SINCE THE STOCK MARKET CRASH OF 2000-2001. I was posting this on another thread. You all will love this one about why we are really wanting to be here at FF. To make money the 21st century way....by making nothing, and producing nothing.

 

    1. WE ALL WANT IN ON IT. THAT'S WHY WE ARE HERE ON FF!!!

      Guys and Girls, seriously, look at all the people who get very rich, very fast. It is the people who know how to "make money turn." The work 30 years at a company and retire tactic...that doesnt do it for many people any more. Even if you could do it, the truth.....people brought up on the Internet do not have the mind set to stay at one job for 30 yrs like pour parents did. Then you go to people who start their own business and have to "watch the store" day and night to make sure they dont't get robbed. Or you can go to college and become ........what...? Nothing against them but all the minorities and people with names you cant pronounce are being given those jobs so fast you'd think the govt was paying the hospitals and corporations money under the table to hire these barely qualified people. (More power to em if they can get away with it.) So that leaves basically 2 things:

      1-People who make money on the Internet and maybe getting to go public...or...

      2-People in finance. People who are the stock brokers, Forex Dealers that keep going in and out of Business and never get fined, let alone prosecuted.

      3-iNSIDE TRADERS

      4-Guys who work at lending institutions and make up theri own "derivitives to sell nobody even knows what the heck they are

      5-And lastly...guys like us...The George Soros, Paul Tudo Jones, Edwin Lefevre wanna bes. The people that make nothing and produce nothing...THEY JUST PASS MONEY BACK AND FORTH IN SOME WAY. THAT IS WHY WE ARE ALL HERE. WE KNOW THE FUTURE FOR PEOPLE WHO JUST "SELL" THINGS IS VERY LIMITED AND ALMOST OVER!

      I bet if you look at the % of people who are milllionaires that produce nothing and add nothing to the world has gone up 20 fold since the 80's. Here is the good news. I have been in this game over 15 years. It is not a zero-sum game as they keep telling you. If it were all the people with their 401k's would all go broke. Instead 85% of them make out very well. When you trade you have one opponent....you! This is not boxing where the guy who is in better shape or is more of an animal wins. In this game, there is no special quality to make a living trad9ing. But....here is the trap...... there are a lot more people who will some day be able to win money in trading then will ever be able to make a good living at it. So ask yourself...if I can break even every year, or just pay for the wifes valentines day cruise we go on each year, will that be enough? If it is, you have a big chance to make it. If it isnt........?????

      Anyway, many of you know me under this and I think its daytrader 44 and 2 other names as I kept losing all my info to log in when taking a long break, but those of you who know me know I do pretty well. I am considering starting up another trading class and if any one has any interest, let me know. Also if you just want to comment on my comment, that's fine too.

      And one more thing to make all of you sleep better. In Forex this past year especially, things have changed. A loooot more people who used to be able to call themselves professionals are now working back as Burger King Asst Managers or back at their old job and they dont know how it happened. I can tell you. But it would bore you. So heres one or two things. The Forex Market as well as oil and many others do not retrace to give you a good spot to join the trend anymore like they used to. Why? Trading unlike the 90's where it then was a zero-sum game was retail trader against retail trader. Now 85% of the money is traded by computers with specific algo's. And getting that nice A,B,C, retrace first is npo longer part of the code! You notice the way price will jump for one or two 15 min bars and go sideways to down for another 2 hrs and then jump for 10 min and the day is done. Its all choppy sailing till the close? You bet your not the only one. Look how they managed to pump up (or down actually) the JPY on the daily bars for months without giving us normal retraces to join the trend with the big boys. Now when you got eh retrace that retrace was really a "trend over" signal.

      In other words...In George Soros's hayday along with most of the big traders in the 90's they were trading against banks and hedge funds sure...but they were still going up against human beings. Now they are up against computer programs that either stop dead on the daily pivot and then do nowhere, or stop right on the .618 fib number and then just sit there for 7 or 8 bars. The game has changed boys. You dont even here the snake oil salesmen and con-men talking about greed and fear anymore!!! Why? Because computers do not get greedy or fearful. I have seen movement done on such tiny volume it is unreal. And then when volume increases 5 fold it turns out to be a small doji bar! The entire trading world is upside down boys. And as usual......the house wins. And all of your friends with their aggressive 401k's that do not spent 5 minutes a month looking at a stock or CNBC or ever buy a book on trading...well they are getting 15-30% and more on their returns with buy and hold, and how do you feel when they know you lock yourself up in your room/office all day long and you havent made the rent one month all year! How do you feel about that?

      PM me if you have any suggestions.

    1. Silat50

      http://assets.forexfactory.net/nfs/c...ar300595_2.gif
      493 posts

  • #43,366
  • Oct 10, 2013 2:14am Oct 10, 2013 2:14am
But make no mistake about it, after the "weak sisters" as we would say on Wall Street get shaken out, trading will enter a new era with new rules needed to win. We are in a transition phase so deep right now that I assure you that the best in the world like George Soros and Paul Tudor Jones and Ed Sekoyta are scratching their heads in disbelief. And just like in the crash of 2001, Warren Buffett is starting to slowly smile as resumes from out of work traders are piling in faster than he has seen them in a very long time. Right now buy and hold in ,its weird, the majority of markets from Stocks for sure and #1, to even Forex, futures and maybe even real estate.

FROM ANOTHER POST I RELIED TO BUT NEEDED SO MUCH ON THIS THREAD.

INSIDE OF US ALL IS THE SENSE THAT THE 21ST CENTURY RICH MAN IS NOTHING LIKE THE RICH MAN OF THE 20TH. THE NEW RICH MAN PRODUCES NOTHING, ADDS NOTHING AND MAKES NOTHING. AND WE GOT INTO TRADING BECAUSE WE SENSE IT IS TRUE...WHAT WE DONT REALIZE IS THE SCOPE ON THE RIFLE MIGHT NEED SOME TUNING AS IT IS A HAIR OFF. TRADING HAS CHANGED SINCE WE GOT IT INTO OUR CROSSHAIRS JUST A FEW YEARS AGO.....

 

    1. WE ALL WANT IN ON IT. THAT'S WHY WE ARE HERE ON FF!!!

      Guys and Girls, seriously, look at all the people who get very rich, very fast. It is the people who know how to "make money turn." The work 30 years at a company and retire tactic...that doesnt do it for many people any more. Even if you could do it, the truth.....people brought up on the Internet do not have the mind set to stay at one job for 30 yrs like pour parents did. Then you go to people who start their own business and have to "watch the store" day and night to make sure they dont't get robbed. Or you can go to college and become ........what...? Nothing against them but all the minorities and people with names you cant pronounce are being given those jobs so fast you'd think the govt was paying the hospitals and corporations money under the table to hire these barely qualified people. (More power to em if they can get away with it.) So that leaves basically 2 things:

      1-People who make money on the Internet and maybe getting to go public...or...

      2-People in finance. People who are the stock brokers, Forex Dealers that keep going in and out of Business and never get fined, let alone prosecuted.

      3-iNSIDE TRADERS

      4-Guys who work at lending institutions and make up theri own "derivitives to sell nobody even knows what the heck they are

      5-And lastly...guys like us...The George Soros, Paul Tudo Jones, Edwin Lefevre wanna bes. The people that make nothing and produce nothing...THEY JUST PASS MONEY BACK AND FORTH IN SOME WAY. THAT IS WHY WE ARE ALL HERE. WE KNOW THE FUTURE FOR PEOPLE WHO JUST "SELL" THINGS IS VERY LIMITED AND ALMOST OVER!

      I bet if you look at the % of people who are milllionaires that produce nothing and add nothing to the world has gone up 20 fold since the 80's. Here is the good news. I have been in this game over 15 years. It is not a zero-sum game as they keep telling you. If it were all the people with their 401k's would all go broke. Instead 85% of them make out very well. When you trade you have one opponent....you! This is not boxing where the guy who is in better shape or is more of an animal wins. In this game, there is no special quality to make a living trad9ing. But....here is the trap...... there are a lot more people who will some day be able to win money in trading then will ever be able to make a good living at it. So ask yourself...if I can break even every year, or just pay for the wifes valentines day cruise we go on each year, will that be enough? If it is, you have a big chance to make it. If it isnt........?????

      Anyway, many of you know me under this and I think its daytrader 44 and 2 other names as I kept losing all my info to log in when taking a long break, but those of you who know me know I do pretty well. I am considering starting up another trading class and if any one has any interest, let me know. Also if you just want to comment on my comment, that's fine too.

      And one more thing to make all of you sleep better. In Forex this past year especially, things have changed. A loooot more people who used to be able to call themselves professionals are now working back as Burger King Asst Managers or back at their old job and they dont know how it happened. I can tell you. But it would bore you. So heres one or two things. The Forex Market as well as oil and many others do not retrace to give you a good spot to join the trend anymore like they used to. Why? Trading unlike the 90's where it then was a zero-sum game was retail trader against retail trader. Now 85% of the money is traded by computers with specific algo's. And getting that nice A,B,C, retrace first is npo longer part of the code! You notice the way price will jump for one or two 15 min bars and go sideways to down for another 2 hrs and then jump for 10 min and the day is done. Its all choppy sailing till the close? You bet your not the only one. Look how they managed to pump up (or down actually) the JPY on the daily bars for months without giving us normal retraces to join the trend with the big boys. Now when you got eh retrace that retrace was really a "trend over" signal.

      In other words...In George Soros's hayday along with most of the big traders in the 90's they were trading against banks and hedge funds sure...but they were still going up against human beings. Now they are up against computer programs that either stop dead on the daily pivot and then do nowhere, or stop right on the .618 fib number and then just sit there for 7 or 8 bars. The game has changed boys. You dont even here the snake oil salesmen and con-men talking about greed and fear anymore!!! Why? Because computers do not get greedy or fearful. I have seen movement done on such tiny volume it is unreal. And then when volume increases 5 fold it turns out to be a small doji bar! The entire trading world is upside down boys. And as usual......the house wins. And all of your friends with their aggressive 401k's that do not spent 5 minutes a month looking at a stock or CNBC or ever buy a book on trading...well they are getting 15-30% and more on their returns with buy and hold, and how do you feel when they know you lock yourself up in your room/office all day long and you havent made the rent one month all year! How do you feel about that?

      PM me if you have any suggestions.

    1. Silat50

      http://assets.forexfactory.net/nfs/c...ar300595_2.gif
      493 posts

  • #43,367
  • Oct 10, 2013 2:32am Oct 10, 2013 2:32am
Quoting fti
thanks for the link. This 1 angry american. cool dude, stay cool. lucky they didn't knocked into any gates. so sad for mariah carey. also hope they not covert trading against any ants. http://www.youtube.com/watch?v=bds3vXIyNfA Thank you, still have Americans. I always feel so happy know there still peeps risk limbs and life uphold liberty with honour. respects. regards
WOULD YOU FIGHT FOR AMERICA?


fti,, "aNOTHER ANGRY aMERICAN" is what you said, again. Why is your mind tuned in on angry Americans? Why not Happy Americans or Greedy Parisians, or unhappy Greeks? It just has a certain Irony that You-Tube, and I believe Forex Factory are made by Americans which you seem to use quite a bit, and thank God for Bill Gates or no application made by anyone would even be used and he is another ...hmmmm......I don't know if he is unhappy or not but lets say with all his billions he is pretty happy. So where are we going with this? Do you feel most Americans are unhappy? Ot trying to pick a fight in some way? Im interested to know the psychology behind your focus. Might be interesting. But be truthful either way. You seem cool.

And if I may ask an intellectual such as yourself, I dont know where you were born or if you are located in USA now, but...if war breaks out and America is attacked, would you defend her, leave the country or...N/A. (smile)
  • #43,368
  • Oct 10, 2013 2:38am Oct 10, 2013 2:38am
Quoting Silat50
{quote} WOULD YOU FIGHT FOR AMERICA? fti,, "aNOTHER ANGRY aMERICAN" is what you said, again. Why is your mind tuned in on angry Americans? Why not Happy Americans or Greedy Parisians, or unhappy Greeks? It just has a certain Irony that You-Tube, and I believe Forex Factory are made by Americans which you seem to use quite a bit, and thank God for Bill Gates or no application made by anyone would even be used and he is another ...hmmmm......I don't know if he is unhappy or not but lets say with all his billions he is pretty happy. So where are...
steven seagal? is that you Silat50?

Inserted Video
  • #43,369
  • Oct 10, 2013 3:05am Oct 10, 2013 3:05am
Quoting 4tiger
{quote} steven seagal? is that you Silat50? http://www.youtube.com/watch?v=2dvGpkqpUeg
Tiger I love it!!!!! What a riot. If you are aware of seagal's personal life it makes it even funnier. Me personally, I just use him as an Icon because I need a constant reminder to keep training at age 54. Plus it tells people in a subtle way that I'm not a young kid. Thanks for the post! If you have any more, please post all the links on one post. I loved it!
  • #43,370
  • Oct 10, 2013 5:57am Oct 10, 2013 5:57am
aikido is not silat.
please no get all confused.
aikido is flowing chi.
Is like meditation and walking meditation.
chi+judo.

regards
  • #43,371
  • Oct 10, 2013 6:11am Oct 10, 2013 6:11am
Quoting indianguyinny24
Fx fund got closed...and this used very high model...FX Concepts, which uses computer models for 90 percent of its trading http://www.reuters.com/article/2013/...0HZ1E220131009 V
lost another good player.
all the sparring partners dying of old age?

regards
  • #43,372
  • Edited 6:53am Oct 10, 2013 6:28am | Edited 6:53am
is getting very tight.
but i dread the day, that i will not be able get any medicine.
unless i have 666 on my forehead.
but it must come to pass.
can i have this cup removed before me too?
>do the will of the father, don't be naughty.
yes sir. i try, courage of the dragon.
These things must come to pass.
reading revelation 14 always gives me the creeps.

regards
  • #43,373
  • Oct 10, 2013 7:56am Oct 10, 2013 7:56am
Quoting Silat50
{quote} WOULD YOU FIGHT FOR AMERICA? fti,, "aNOTHER ANGRY aMERICAN" is what you said, again. Why is your mind tuned in on angry Americans? Why not Happy Americans or Greedy Parisians, or unhappy Greeks? It just has a certain Irony that You-Tube, and I believe Forex Factory are made by Americans which you seem to use quite a bit, and thank God for Bill Gates or no application made by anyone would even be used and he is another ...hmmmm......I don't know if he is unhappy or not but lets say with all his billions he is pretty happy. So where are...
oh, because the happy ones not saying anything.
i not subscribe that all americans are angry maybe a little worried , thats all.
You haven been reading the thread?
I no subscribe any race creed nationality colour religious affiliation or gender is all good, all bad, all happy , or all angry.
Sorry disappoint you.

regards

Inserted Video
  • #43,374
  • Oct 10, 2013 8:14am Oct 10, 2013 8:14am
Quoting Silat50
THEY JUST PASS MONEY BACK AND FORTH IN SOME WAY. THAT IS WHY WE ARE ALL HERE. WE KNOW THE FUTURE FOR PEOPLE WHO JUST "SELL" THINGS IS VERY LIMITED AND ALMOST OVER!
ya ya, why you think have such thingy as subscribers?
how yu gonna sell things peeps not want , if you not bundle everything in?

you marry em , and you get what you want, need and that wich you not need , not want too.
complaining about life?
just advertise what's nice. The rest you not need to know.
There is always aspirins.

regards
  • #43,375
  • Oct 10, 2013 8:51am Oct 10, 2013 8:51am
FTI

“Wealth, a friend, a wife, and a kingdom may be regained; but this body when lost may never be acquired again.” Chanakya

so take care
  • #43,376
  • Oct 10, 2013 9:25am Oct 10, 2013 9:25am
Lads I'm not a moderator but maybe restrict posts to Technical Analysis Fallacy and discussing it? No wonder people don't wade through hundreds of pages on here...
  • #43,377
  • Oct 10, 2013 9:56am Oct 10, 2013 9:56am
Quoting bootsyjam
Lads I'm not a moderator but maybe restrict posts to Technical Analysis Fallacy and discussing it? No wonder people don't wade through hundreds of pages on here...
agreed. maybe we can talk about the dance? i would like to know what people see as each pair's characteristics. here's one I picked up the other day: when dancing with gold, sometimes the daily hi/lo can be found in a single hourly bar! (as was told to me yesterday and seen today)

Quoting Silat50
{quote} WOULD YOU FIGHT FOR AMERICA? fti,, "aNOTHER ANGRY aMERICAN" is what you said, again. Why is your mind tuned in on angry Americans? Why not Happy Americans or Greedy Parisians, or unhappy Greeks? It just has a certain Irony that You-Tube, and I believe Forex Factory are made by Americans which you seem to use quite a bit, and thank God for Bill Gates or no application made by anyone would even be used and he is another ...hmmmm......I don't know if he is unhappy or not but lets say with all his billions he is pretty happy. So where are...
Sir, respectfully, fight for America? I would... but which war? the one abroad or the one at home? war for gender equality, race equality, or war for oil?

how about the drug wars? Opium Wars back in the day was set to destroy a nation from the inside by poisoning the people.

and currency wars?!

America hasn't had a war fought on her own soil since the civil war. it's been attacked, Pearl Harbor, 9/11, sure, but no battles fought.

AOW Chapter 3: Attack by Stratagem.
6. Therefore the skillful leader subdues the enemy’s troops without any fighting;

he captures their cities without laying siege to them; he overthrows
their kingdom without lengthy operations in the field.
7. With his forces intact he will dispute the mastery of the Empire, and thus,
without losing a man, his triumph will be complete. This is the method of
attacking by stratagem.

- war is not only won on the battlefield. war is won first in the mind through planning.

just my 2 cents!
Inserted Video

"keep the change"
  • #43,378
  • Oct 10, 2013 10:27am Oct 10, 2013 10:27am
Quoting fti
{quote} lost another good player. all the sparring partners dying of old age? regards

computer model....from largest to winding down the fund that is one humbling experience...

V
  • #43,379
  • Oct 10, 2013 11:12am Oct 10, 2013 11:12am
Quoting bootsyjam
Lads I'm not a moderator but maybe restrict posts to Technical Analysis Fallacy and discussing it? No wonder people don't wade through hundreds of pages on here...
Hei Bootsyjam
Lesson about learning curve -Link-
I think that if this thread was only trading info it would stop from existing long time ago.
This is friends place.
To be honest in some way when i came in this thread it was for learn only.
BUt after you get know the owner of the thread you become a better person
before you even become profitable if at all
regards
Michael
Do not be victim to conflict of the General and Commander in you - by FTI
  • #43,380
  • Oct 10, 2013 11:18am Oct 10, 2013 11:18am
Quoting bootsyjam
Lads I'm not a moderator but maybe restrict posts to Technical Analysis Fallacy and discussing it? No wonder people don't wade through hundreds of pages on here...

You are not moderator hor.
i am starter of this thread.
Whats your problem?
you are arrogant, late and lazy.

Who do you think you are?
we need rediscuss everything because you show up late?

There's lots thread in ff.
you're not welcomed here.

rambus.
26 traders viewing now