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  • #848,181
  • Oct 29, 2013 7:13pm Oct 29, 2013 7:13pm
Quoting milam
{quote} Ok.... thank you. I thought you had an opinion of TA being just BS. Do you personally think most of TA is BS?, prices will get or bounce regardeles of TA and TA is only used to tame one anxiety in the decision making? in brief you (the trader) believes it works just because you want to see it working? And one can make money despite all TA? Actually it could be better because you view is not skewed just like an indicator does?Which is a derivative of price.
Technical analysis is extremely beneficial for everyone BUT a trader. It can sell books, make some people look amazingly superior to others or make us feel in control with a boundary and familiar environment. The interesting fact is , they all build around moving averages. A simple child playing a red button sell , Green button buy would have more probabilities of success then an adult playing around with silly indicators and Fibonacci numbers ...
"It's the Margin, Stupid."
  • #848,182
  • Oct 29, 2013 7:18pm Oct 29, 2013 7:18pm
Quoting Vachus
{quote} Technical analysis is extremely beneficial for everyone BUT a trader. It can sell books, make some people look amazingly superior to others or make us feel in control with a boundary and familiar environment. The interesting fact is , they all build around moving averages. A simple child playing a red button sell , Green button buy would have more probabilities of success then an adult playing around with silly indicators and Fibonacci numbers ...
Agreed, but only if that child is Gator's child.
The Thief of Wall Street
  • #848,183
  • Oct 29, 2013 7:18pm Oct 29, 2013 7:18pm
Quoting Vachus
{quote} Technical analysis is extremely beneficial for everyone BUT a trader. It can sell books, make some people look amazingly superior to others or make us feel in control with a boundary and familiar environment. The interesting fact is , they all build around moving averages. A simple child playing a red button sell , Green button buy would have more probabilities of success then an adult playing around with silly indicators and Fibonacci numbers ...
I have a book that completely avoids them and tells you to use the formula 1+1=2, divide and substract, even multiply. Okay, it mentions channels, trendline-crosses etc. but no MAs.

It didn't sell too good, from what I've read...

Here's the table of contents: (via Google translator)

Table of Contents
6
2 The target trend method - Basic Course. . . . . . . . . . . . . . . . . . 183
2.1 The chart representation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183
2.2 The seven levels of target - trend method. . . . . . . . . . . . 188
2.2.1 First level: Classic supports / resistances. . 188
2.2.2 Second level: The rectangle method. . . . . . . . . . . . . . 192 (1+1=2)
2.2.3 Third level : Simple trend lines and Trend line intersections. . . . . . . . . . . . . . . . . . . . . . . . . 203
2.2.4 Fourth level : The parallel method. . . . . . . . . . . . . . . . 216
2.2.5 Fifth level : time cycles. . . . . . . . . . . . . . . . . . . . . . . . 232
2.2.6 Sixth level : Fibonacci projections . . . . . . . . . . . . . 241
2.2.7 Seventh level: the X-plane . . . . . . . . . . . . . . . . . . . . . . 246
2.3 The Target trend method in practice. . . . . . . . . . . . . . . . . 248
2.3.1 Short-term analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . 248
2.3.2 Long-term analysis. . . . . . . . . . . . . . . . . . . . . . . . . . 280
3 The target trend method - Professional Course. . . . . . . . . . . . . . . . . . 299
3.1 The importance of the targets . . . . . . . . . . . . . . . . . . . . . . . . . . . 299
3.1.1 Target-formations. . . . . . . . . . . . . . . . . . . . . . . . . . . . 300
3.1.2 Target activation. . . . . . . . . . . . . . . . . . . . . . . . . . . . 349
3.2 Tips , tricks and pitfalls. . . . . . . . . . . . . . . . . . . . . . . . . . . . 371
3.2.1 oppositely directed trend lines. . . . . . . . . . . . . . . . . . . . 372
3.2.2 Parallel projection of the lines and counter lines. . . . . . . . . . . . 377
3.2.3 line adjustments. . . . . . . . . . . . . . . . . . . . . . . . . . . . 385
3.2.4 The chart scale and the target trend method. . . 389
3.2.5 Paradigm shift in parallel lines . . . . . . . . . . . . . . 393
3.2.6 Paradigm shift at rectangles. . . . . . . . . . . . . . . . 402
  • #848,184
  • Oct 29, 2013 7:18pm Oct 29, 2013 7:18pm
Quoting Vachus
{quote} Technical analysis is extremely beneficial for everyone BUT a trader. It can sell books, make some people look amazingly superior to others or make us feel in control with a boundary and familiar environment. The interesting fact is , they all build around moving averages. A simple child playing a red button sell , Green button buy would have more probabilities of success then an adult playing around with silly indicators and Fibonacci numbers ...

so will the price of EU now go up or down?
  • #848,185
  • Oct 29, 2013 7:22pm Oct 29, 2013 7:22pm
Quoting Mr Hatch
{quote} http://www.forexfactory.com/showthread.php?p=7057676

oh that? its all in the mind.. the wording didn't cross the line, some minds did. i grew up in a rural setting. sun up till sundown i had free range. i had game cocks (fighting chickens). all birds will kill the weaker ones that cant flee.. its in the dna.
those who can, do. those who cant, talk about those who can
  • #848,186
  • Oct 29, 2013 7:25pm Oct 29, 2013 7:25pm
Quoting Vachus
{quote} Technical analysis is extremely beneficial for everyone BUT a trader. It can sell books, make some people look amazingly superior to others or make us feel in control with a boundary and familiar environment. The interesting fact is , they all build around moving averages. A simple child playing a red button sell , Green button buy would have more probabilities of success then an adult playing around with silly indicators and Fibonacci numbers ...

neatly placed in the bs pile..
those who can, do. those who cant, talk about those who can
  • #848,187
  • Oct 29, 2013 7:25pm Oct 29, 2013 7:25pm
Quoting Mr Hatch
{quote} I have a book that completely avoids them and tells you to use the formula 1+1=2, divide and substract, even multiply. Okay, it mentions channels, trendline-crosses etc. but no MAs. It didn't sell too good, from what I've read...
It doesn't need to sell, if you are drinking from the same thing everyone is drinking - you will keep looking at lines, trend lines, triangles, Voodo and magic thinking " It works sometime, it doesn't others ..." But most of technical analysis is based on the function of " Plus and Divide ". Even trend lines are their own form of a moving average, so is channels and the other benefical products. I actually didn't know that drawing up lines is an actual science ... WOW ! You take an investment/ trade decision based on line you drew ! ( It works , but only on historical charts )
"It's the Margin, Stupid."
  • #848,188
  • Oct 29, 2013 7:27pm Oct 29, 2013 7:27pm
Quoting gatorinla
{quote} oh that? its all in the mind.. the wording didn't cross the line, some minds did. i grew up in a rural setting. sun up till sundown i had free range. i had game cocks (fighting chickens). all birds will kill the weaker ones that cant flee.. its in the dna.
It doesn't really matter to me, we just had a couple of minutes of fun.
At one point, we aren't allowed to have that any more and can only post if we repeat the daily bs... buy/sell b/o, TA is shit... you name it.
  • #848,189
  • Oct 29, 2013 7:28pm Oct 29, 2013 7:28pm
Quoting Vachus
{quote} It doesn't need to sell, if you are drinking from the same thing everyone is drinking - you will keep looking at lines, trend lines, triangles, Voodo and magic thinking \" It works sometime, it doesn't others ...\" But most of technical analysis is based on the function of \" Plus and Divide \". Even trend lines are their own form of a moving average, so is channels and the other benefical products. I actually didn't know that drawing up lines is an actual science ... WOW ! You take an investment/ trade decision based on line you drew !...
What do I have in front of me?
What are your trades based on?
  • #848,190
  • Oct 29, 2013 7:30pm Oct 29, 2013 7:30pm
Quoting Chicky
{quote} Agreed, but only if that child is Gator's child.
It wouldn't matter anyway, as the child will have 50 /50 chance factoring in two factors " Up or down". But an adult drinking from the FIB numbers, moving averages and dogging candles and the 50 % retracement will have THE lost probability against a child. Since the probability pool will grow much bigger to determine the decision on buying / selling.
"It's the Margin, Stupid."
  • #848,191
  • Oct 29, 2013 7:36pm Oct 29, 2013 7:36pm
Quoting gatorinla
{quote} neatly placed in the bs pile..
You defend Fib numbers as if the mathematician was your father or something ... there is no need to take personally!
"It's the Margin, Stupid."
  • #848,192
  • Oct 29, 2013 7:42pm Oct 29, 2013 7:42pm
Quoting Vachus
{quote} It wouldn't matter anyway, as the child will have 50 /50 chance factoring in two factors \" Up or down\". But an adult drinking from the FIB numbers, moving averages and dogging candles and the 50 % retracement will have THE lost probability against a child. Since the probability pool will grow much bigger to determine the decision on buying / selling.
1. Press up every time
2. Press down every time
3. Press up and down alternatively
4 to n. Press up and down in any pattern or comibination of pattens

Its not the number of times one presses, but the length it travels after pressing.
The Thief of Wall Street
  • #848,193
  • Oct 29, 2013 7:43pm Oct 29, 2013 7:43pm
Quoting Mr Hatch
{quote} What do I have in front of me? What are your trades based on?

what will be reached first? if a child pushed a buy or sell button here at 3734... would we go to 3716 or an = distance x2 or x3 higher.. 18 pips lower or 18, 36, 54, 68, pips higher.. 3802
those who can, do. those who cant, talk about those who can
  • #848,194
  • Oct 29, 2013 7:47pm Oct 29, 2013 7:47pm
Quoting Vachus
{quote} You defend Fib numbers as if the mathematician was your father or something ... there is no need to take personally!

nothing personal.. just the obvious. u state something with nothing to back it up. 3711 was a fib just as 3832 is one..when u can show me we didn't hit those levels and reverse i am all ears. until then trade what works for you, just dont attack others method that evidently u used incorrectly. u defend bs as if it was your mother or something
those who can, do. those who cant, talk about those who can
  • #848,195
  • Oct 29, 2013 7:51pm Oct 29, 2013 7:51pm
Quoting Ken A
{quote} U/J and U/CHF same thing
Asshole... Keep it up...
  • #848,196
  • Oct 29, 2013 7:51pm Oct 29, 2013 7:51pm
Quoting Chicky
{quote} 1. Press up every time 2. Press down every time 3. Press up and down alternatively 4 to n. Press up and down in any pattern or comibination of pattens Its not the number of times one presses, but the length it travels after pressing.
and direction:nerd:
If you are new to Forex? Say Goodbye to your account!!
  • #848,197
  • Oct 29, 2013 7:53pm Oct 29, 2013 7:53pm
Quoting Mr Hatch
{quote} It doesn't really matter to me, we just had a couple of minutes of fun. At one point, we aren't allowed to have that any more and can only post if we repeat the daily bs... buy/sell b/o, TA is shit... you name it.
Well done Mr Hatch...
  • #848,198
  • Oct 29, 2013 7:55pm Oct 29, 2013 7:55pm
Quoting Chicky
{quote} 1. Press up every time 2. Press down every time 3. Press up and down alternatively 4 to n. Press up and down in any pattern or comibination of pattens Its not the number of times one presses, but the length it travels after pressing.
This is called a variation, if you trade based on a variation you are doomed ... since price action has infinite variation ! While the child will have only two , either up all the way or down all the way. ( Actually your chances of winning a lottery is much higher to predict one variation with 7 moves ) If a child have a leveraged account 5 /10 depending on the currency pair, he will have that probability in his side. Now , since the child must exist the trades to assign a time frame - you can assume that each trade he will take will be closed on daily basis ... He will lose someone in ranges, and get confused - but by the time the pair start trending , he can keep on buying for 10 years. ( Take Silver and Gold for examples )
"It's the Margin, Stupid."
  • #848,199
  • Oct 29, 2013 7:58pm Oct 29, 2013 7:58pm
Quoting Vachus
{quote} It doesn't need to sell, if you are drinking from the same thing everyone is drinking - you will keep looking at lines, trend lines, triangles, Voodo and magic thinking \" It works sometime, it doesn't others ...\" But most of technical analysis is based on the function of \" Plus and Divide \". Even trend lines are their own form of a moving average, so is channels and the other benefical products. I actually didn't know that drawing up lines is an actual science ... WOW ! You take an investment/ trade decision based on line you drew !...
Brother, there is more than meets the eye... We will know that by Friday...Do I have to spell it...? No EU trade untill Friday...
  • #848,200
  • Oct 29, 2013 7:59pm Oct 29, 2013 7:59pm
Quoting gatorinla
{quote} nothing personal.. just the obvious. u state something with nothing to back it up. 3711 was a fib just as 3832 is one..when u can show me we didn't hit those levels and reverse i am all ears. until then trade what works for you, just dont attack others method that evidently u used incorrectly. u defend bs as if it was your mother or something
I wasn't commenting on ur call towards 3711 - actually i wasn't aware of it, you write too much numbers that i almost think i read all the possible and impossible numbers as calls ... Don't get upset, people get lucky from time to time! By the way , i didn't understand the word " reverse " you mean the daily trend or just the news spike ? If its the daily trend i assure you , we going up back again - but not far away from that top. If you mean the spike reverse, then it was a great call
"It's the Margin, Stupid."
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