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Technical Analysis Fallacy

  • #45,861
  • Edited 8:28pm Apr 16, 2014 8:13pm | Edited 8:28pm
Quoting TooSlow
{quote} Thank you. There is no robot.
yes the analysis is not robotic. In fact is lesser a lagger than MAs.
as he mentioned , can be visually eye balled by trained eyes.

the robotics is in the trading of zones. The decision process of entrys and stops loss ( suggested to be orders) is mechanical.
That is where i detected the robot.

But is difficult discuss this when only me and you knows what we talking about.
so unless the originator of the MO brings this here for discussion, maybe is not proper that we should discuss it.
Anyway here I just presenting my way of doing things.
Is not to critic others MO although some discussions may incurge into the way others do things.
All the opinions about some stuuf thats not palatable for me is my opinions and mine alone.

regards
  • #45,862
  • Apr 16, 2014 8:40pm Apr 16, 2014 8:40pm
Quoting priceaction1
ah wolf! it is just for fun I try different method of fti!!! not all at once. not much money (even no money) was at risk. Summary: Deposit/Withdrawal:19.00Credit Facility:5.70 Closed Trade P/L:134.39Floating P/L:0.00Margin:0.00 Balance:153.39Equity:159.21Free Margin:159.21

deposit withdrawls reads that you withdrew $19 buy someone gift?
i cannot see much from the account.
only detected that book just took 33.3% profits unannualised.
is ok is respectable performance.
if this stays consistent then you have something cooking very well forward.


regards
  • #45,863
  • Apr 16, 2014 8:49pm Apr 16, 2014 8:49pm
sir account start with 19$ deposit + 5$ bonus. bcz demo is not behave like live, I try to dance without stop loss and baby sitting if position need. so far 0.5$ loss 143$ profit 24 win one loss. 800% profit but it is due to less pressure, if amount will high like 1000$ than it will not like that.
don't predict direction, but dance with flow of water
  • #45,864
  • Apr 16, 2014 8:52pm Apr 16, 2014 8:52pm
Quoting priceaction1
sir account start with 19$ deposit + 5$ bonus. bcz demo is not behave like live, I try to dance without stop loss and baby sitting if position need. so far 0.5$ loss 143$ profit 24 win one loss. 800% profit but it is due to less pressure, if amount will high like than it will not like that.
800% would be interesting see your annual performance.
have you applied to any fund managers for job?
you out performed me double at my best. but of course i lived long time in markets. curve tends smooths out.



any chance you using excessive risk?

we will see when you build up your track record.
1st big loss you realise , i will have to send you to toilet think tank, i hope you understand.
but for now stay calm, carry on.


regards
  • #45,865
  • Apr 16, 2014 8:56pm Apr 16, 2014 8:56pm
Total Trades:26Short Positions (won %):8 (100.00%)Long Positions (won %):18 (94.44%)
Profit Trades (% of total):25 (96.15%)Loss trades (% of total):1 (3.85%)
Largestprofit trade:21.61loss trade:-0.50
Averageprofit trade:5.96loss trade:-0.50
Maximumconsecutive wins ($):25 (148.99)consecutive losses ($):1 (-0.50)
Maximalconsecutive profit (count):148.99 (25)consecutive loss (count):-0.50 (1)
Averageconsecutive wins:25consecutive losses:1

what next aim to 1000$
don't predict direction, but dance with flow of water
  • #45,866
  • Edited 9:26pm Apr 16, 2014 9:04pm | Edited 9:26pm
Quoting priceaction1
Total Trades:26Short Positions (won %):8 (100.00%)Long Positions (won %):18 (94.44%) Profit Trades (% of total):25 (96.15%)Loss trades (% of total):1 (3.85%) Largestprofit trade:21.61loss trade:-0.50 Averageprofit trade:5.96loss trade:-0.50 Maximumconsecutive wins ($):25 (148.99)consecutive losses ($):1 (-0.50) Maximalconsecutive profit (count):148.99 (25)consecutive loss (count):-0.50 (1) Averageconsecutive wins:25consecutive losses:1 what next aim to 1000$

ahhhh,ahh there. i said keep calm and carry on.
no get air into head, is still long roads ahead.

slow and steady.
if you got it working, stay that way.
if you got it, it will take you there.

remember, the invincibility feeling comes, at the peak of a downfall.

but for now 3000% performance gives you complete bragging rights.
i won't like challenge you. only for now.
maybe i should retire already.

ooops i am retarded already.



regards
  • #45,867
  • Apr 16, 2014 9:06pm Apr 16, 2014 9:06pm
office time will be back in 10h.
don't predict direction, but dance with flow of water
  • #45,868
  • Apr 16, 2014 9:12pm Apr 16, 2014 9:12pm
Quoting priceaction1
office time will be back in 10h.


regards
  • #45,869
  • Apr 16, 2014 11:28pm Apr 16, 2014 11:28pm
Hi, priceaction1,

That's really spectacular returns, really nicely done.
  • #45,870
  • Apr 17, 2014 12:18am Apr 17, 2014 12:18am
my finding on trend at the begining of this thread :

Regarding trends,
trends mean different things to different people.

the accepted definition of a trend is a persistent direction of move,
on an up trend the highs get higher and low stays higher,
conversely a down trend, when the low gets lower and the high stays lower.

no trends move in a straight line advance or decline.
within any major trend, there are minor trends, then there are intraday trend, hourly trends and so forth.
its your choice to decide which is within your scope to cope with.

For overnight positions, its only prudent to stay with the major trend, cos' no one knows when it will kick in.
for managed daylight you should always trade the dance.
a bad position in the 5 min plays can be made good in the hourly plays, and the latter can be made in 5 Hourly and so forth.
It depends on your own stamina to cope.
Be aware that the overnight positions are only a fraction of the daylight management.

In your example we have been in daily uptrend mode, but I did highlighted that the CB was watching and preparing.
So even though it we are in a Eur uptrend , you must be aware of the the players, esp CB.
If you look at your daily chart , you had 3 days warning of lethargy and a final warning yesterday. Today a reversal is already in progress.
So during these times either you take bigger risk to go reversal or
just wait for clearer signs.
or trade the daylight trend.

moreover there are times where there are no trends.
or trends are slowing down, we call that topping or bottoming action.
If you trade trends only, do not feel that you have to have a position.
There are times when no position is a position.
If you traded trends only, probably 70% of the time you would be aside.

hope it helps ....

Cheers
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #45,871
  • Apr 17, 2014 1:03am Apr 17, 2014 1:03am
Quoting landsat
my finding on trend at the begining of this thread : Regarding trends, trends mean different things to different people. the accepted definition of a trend is a persistent direction of move, on an up trend the highs get higher and low stays higher, conversely a down trend, when the low gets lower and the high stays lower. no trends move in a straight line advance or decline. within any major trend, there are minor trends, then there are intraday trend, hourly trends and so forth. its your choice to decide which is within your scope to cope with....
yes hope it helps.

regards
  • #45,872
  • Edited 1:46am Apr 17, 2014 1:21am | Edited 1:46am
chief,

not that imp...will come back later...

V
  • #45,873
  • Edited 3:14am Apr 17, 2014 2:49am | Edited 3:14am
the big boys are on hlidays.
there is one small fatt in the markets making crazy like he owns the markets.
Don't trade. he's swinging to scalp.
if need buy small usd wait for unemployment figs later.
i love shee this small fatt assign toilet details rest of his life.
piss on him.

regards

he playing the 5 pips game.
taday if figs moves will be 100-200 pips markets.
so don't waste time play with him.
let the pro economic watchers load on him while he runs around like headless chicken.
i think may be his endgame.
  • #45,874
  • Edited 4:35am Apr 17, 2014 4:12am | Edited 4:35am
interesting read
http://www.bloomberg.com/news/2014-0...urrencies.html
http://www.euromoney.com/Article/319...orm-ParFX.html
http://www.fxweek.com/fx-week/interv...therford-parfx
  • #45,875
  • Edited 6:28am Apr 17, 2014 5:49am | Edited 6:28am
Quoting trad8
interesting read http://www.bloomberg.com/news/2014-0...urrencies.html http://www.euromoney.com/Article/319...orm-ParFX.html http://www.fxweek.com/fx-week/interv...therford-parfx

doesn't matter high frequency, low frequency, no frequency trading.
The industry captains will deal with them.
So long as they not forerunning and arbitraging customers, which is a form of insider trading, no one really cares about their frequency.
Forex are open markets, everyone have foreign exchange needs.
Don't worry too much. but make sure you trading with proper legal regulated credit facilitators.
Forex had survived since trading in rice, even sea shells ,as currency.
what can happen that the forex structure cannot handle.
one must understand forex is basic medium all countries trade goods and services with one another.
Is a necessity and no bandits have the capacity destroy it.

Retail forex is very infancy industry, may suffer small inconveniences, if thats the door bandits coming in from.
But some tier 1s are making market for retail platforms, so i not see will have much impact overall.

may be if they ask for nano second prices.
they may just get "mom pls". eeeeer 00/02, pls don't hold my price too long , off it.
pls ask again.
mom pls.... dealer on outside line.
appreciate u call back in 5 mins.

if really gets be pain in no sunshine, then is easy pizzy.
mom pls.
technical problem with your line. pls call the authorities for clearification. thank you.
have a vice day.


regards
  • #45,876
  • Edited 8:06am Apr 17, 2014 7:45am | Edited 8:06am
figs not so hot for usd again.
sort of neutralish.

no usd bulls seen. neither bears.
so the small fatt want play again maybe.

nothing going to happen for me today

goodnite all
  • #45,877
  • Apr 17, 2014 8:06am Apr 17, 2014 8:06am
"Hence the skillful fighter puts himself into a position which makes defeat impossible, and does not miss the moment for defeating the enemy."

side line is also a position.
don't predict direction, but dance with flow of water
  • #45,878
  • Apr 17, 2014 8:27am Apr 17, 2014 8:27am
Quoting fti
{quote} becareful of your ego here many can splash you for what you said. a profits a profit. and don't start the ROI ratio with me. I not in that school of fish. already splashed many of these fools, if you take time check thread. risk reward ratio is a constant. high risk high rewards. low risk low rewards. low probability= high risk, high probability=low risk. A PROFITS , A PROFIT. what you seeing is a 100% profitability perfect performance both on longs and shorts.. try beat that first. then tell priceaction1 it means nothing to you. i don't...
I like the way you described R/R as a constant, I've never really thought of it in that way. Well, I've been told priceaction, well done again on your 100% perfect trading performance.
Howlin' at the Moon on the Roof
  • #45,879
  • Apr 17, 2014 9:59am Apr 17, 2014 9:59am
Quoting fti
{quote} yes the analysis is not robotic. In fact is lesser a lagger than MAs. as he mentioned , can be visually eye balled by trained eyes. the robotics is in the trading of zones. The decision process of entrys and stops loss ( suggested to be orders) is mechanical. That is where i detected the robot. But is difficult discuss this when only me and you knows what we talking about. so unless the originator of the MO brings this here for discussion, maybe is not proper that we should discuss it. Anyway here I just presenting my way of doing things....
There is nothing proprietary. Discussion is permitted. To me, there was an appearance of similarity to your bus analogy. I respect your decision whether or not to continue this discussion. Thank you, FTI.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #45,880
  • Apr 17, 2014 8:05pm Apr 17, 2014 8:05pm
Quoting Wolf_Wicked
{quote} I like the way you described R/R as a constant, I've never really thought of it in that way. Well, I've been told priceaction, well done again on your 100% perfect trading performance.
I found in the risk reward ratios, enbeded within was the probability components, but is very well hidden.
and eludes many, because is too obvious.

regards
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