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Technical Analysis Fallacy

  • #47,361
  • Jun 19, 2014 6:58am Jun 19, 2014 6:58am
Quoting fti
{quote} you need learn technical patterns recognisation la. draw neckline also draw wrong. You seems no laws? anyhow you like to interprete? head and shoulders have many type necklines. most common is upward sloping, downward sloping, and flat necks. draw neckline can draw away from her foot meh? regards
opps, may i try again
Attached Image
THE ALL is MIND; The Universe is Mental
  • #47,362
  • Jun 19, 2014 7:01am Jun 19, 2014 7:01am
this your shs neckline.
is alredy passed time window to form.
so shs is invalidated already. neckline failed to confirm.
Attached Image
  • #47,363
  • Jun 19, 2014 7:17am Jun 19, 2014 7:17am
Quoting fti
this your shs neckline. is alredy passed time window to form. so shs is invalidated already. neckline failed to confirm. {image}
ahhh, ok nice and i guess i should be counting the waves in this way

the potential 5th wave at that point in time may test neckline
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
THE ALL is MIND; The Universe is Mental
  • #47,364
  • Edited 7:48am Jun 19, 2014 7:37am | Edited 7:48am
Quoting Jacque
{quote} ahhh, ok nice and i guess i should be counting the waves in this way the potential 5th wave at that point in time may test neckline {image}
if neckline confir5ms then alredy is another pattern.
if stosat neck, your tripple top neck comes in play.

your triple top neck breaks.
but you have a right shoulder .
so is not a triple top break.

so you have a flat.
and that flat neck needs to cofirm.
a flat is not a reversal pattern.
so what is the pattern being traded?

now you understand why i say mm is naughty?
he make rubbish pattern.
all reversal pattern time windows died.

so he's gonna make more wide flats for you guessing wtf he's making.

already 1st flat is engulfing, if another flat forms , reange is gonna be very wide.
only he makes pips
every one trding the revesal pattern's position is
Attached Image
  • #47,365
  • Jun 19, 2014 7:50am Jun 19, 2014 7:50am
so everyone now need wait see wtf he trying make.

regards

is a flat, so what 5th wave you looking for? in a flat?
so will zigzag. how many zig zig he will make screw both the bulls and bears.

so only thingy can do is ask him be a snail.
snails screw themselves because they asexual.
  • #47,366
  • Jun 19, 2014 7:53am Jun 19, 2014 7:53am
Quoting fti
{quote} if neckline confir5ms then alredy is another pattern. if stosat neck, your tripple top neck comes in play. your triple top neck breaks. but you have a right shoulder . so is not a triple top break. so you have a flat. and that flat neck needs to cofirm. a flat is not a reversal pattern. so what is the pattern being traded? now you understand why i say mm is naughty? he make rubbish pattern. all reversal pattern time windows died. so he's gonna make more wide flats for you guessing wtf he's making. already 1st flat is engulfing, if another...
lol... may i ask what is "stosat neck" and why is a flat neckline not a reversal pattern? what do you mean by 1st flat is engulfing? thank you

btw, what you say neckline failed to confirm because time window expired in the previous post, what is meant by that? My understanding is that once neckline is broken, the pattern is confirmed, and the neckline was broken, no?

apologies that me ask many questions
THE ALL is MIND; The Universe is Mental
  • #47,367
  • Edited 8:10am Jun 19, 2014 7:57am | Edited 8:10am
Quoting Jacque
{quote} lol... may i ask what is "stosat neck" and why is a flat neckline not a reversal pattern? what do you mean by 1st flat is engulfing? thank you btw, what you say neckline failed to confirm because time window expired in the previous post, what is meant by that? My understanding is that once neckline is broken, the pattern is confirmed, no? apologies that me ask many questions
suppose to read ...... if stops at the neck.

the market already passed shs neck time window.
if neckline retested best you can get is a double top.
and the neckline for that double top is way down low. How low we not know, because not happened yet.

If a shs neckline breaks and not retested then how can it be a shs pattern?
how you gonna trade the pattern? You can see the pattern but how you gonna be able trade it?

ya who's your teacher, taught you such a foolish thing?
break neckline confirms what?

no wonder you will sell breakouts.
break line sell, break line buy. then cut cut cut.
have many Technical analyst like you, i have met before, many.
If not mistaken, i remember they all self trained. self mastered.

regards
  • #47,368
  • Jun 19, 2014 8:10am Jun 19, 2014 8:10am
Quoting fti
{quote} suppose to read ...... if stops at the neck. the market already passed shs neck time window. if neckline retested best you can get is a double top. and the neckline for that double top is way down low. How low we not know, because not happened yet. If a shs neckline breaks and not retested then how can it be a shs pattern? how you gonna trade the pattern? ya who's your teacher, taught you such a foolish thing? break neckline confirms what? no wonder you will sell breakouts. break line sell, break line buy. then cut cut cut. have many Technical...
the internet was my only teacher, although i used technical patterns, i dare not claim to be a technical analyst - its only fit for the peeps who are using it correctly, and yes, i have no certification because no one taught me the correct stuff or told me of any proper courses and if there is any, its probably out of my reach. i have to thank my lucky stars that i met you here

btw, could you advise what you mean by first flat is engulfing and why a flat neckline is not a reveersal pattern?
THE ALL is MIND; The Universe is Mental
  • #47,369
  • Edited 8:36am Jun 19, 2014 8:12am | Edited 8:36am
Quoting Jacque
{quote} the internet was my only teacher, although i used technical patterns, i dare not claim to be a technical analyst, and yes, i have no certification because no one taught me the correct stuff or told me of any proper courses. i have to thank my lucky stars that i met you here btw, could you advise what you mean by first flat is engulfing?
your shs patterned had been engulfed. OVERRUN.
without opportunity to capitalise with a trade position.

what is the trade strategy for a confirmed shs pattern?
what is the neck line for?

are you trying tell me the stretegy is to sell a neckline break?
that would be too fast
you would sell at the bottom. where every scalper would be taking profits.
You don't understand.
line breaks are fast zones and the shades are very wide.
you think you the only one can see line breaks?
mms are stupid?

only thing can make money on neck breaks is spread scalping. and you cannot outscalp mms,
you giving spread edge.

I love breakout traders, they markets philanthropist.
guess. who sold the right shoulder for your neckline to break?


regards
  • #47,370
  • Jun 19, 2014 8:31am Jun 19, 2014 8:31am
Quoting fti
{quote} your shs patterned had been engulfed. OVERRUN. without opportunity to capitalise with a trade position. what is the trade strategy for a confirmed shs pattern? what is the neck line for? are you trying tell me the stretegy is to sell a neckline break? that would be too fast you would sell at the bottom. where every scalper would be taking profits. You don't understand. line breaks are fast zones and the shades are very wide. you think you the only one can see line breaks? mms are stupid? only thing can make money on neck breaks is spread...
i understand now, after the neckline cfms then comes the opporutnity to sell.

for the flats is not reversal pattern in triple top, i am thinking of it as a rectangle, rect are continuation patterns, thus a break of the flat neckline below the rect in an uptrend is not a reversal pattern, is that right?

ok.. i am slowly understanding the game now..
THE ALL is MIND; The Universe is Mental
  • #47,371
  • Jun 19, 2014 8:38am Jun 19, 2014 8:38am
Quoting Jacque
{quote} i understand now, after the neckline cfms then comes the opporutnity to sell. for the flats is not reversal pattern in triple top, i am thinking of it as a rectangle, rect are continuation patterns, thus a break of the flat neckline below the rect in an uptrend is not a reversal pattern, is that right?

???? what has a flat got to do with a shs pattern?
what you talking about.
you seems very confused.

regards

i get feeling you talking about triangles and wedges.
but thats a different ball game. best it can be is a componded minor pattern on the primary pattern if time window permits.
Are we discussing reversal patterns or are we discussing continuation patterns?
the strategies are like north pole and south pole.
  • #47,372
  • Jun 19, 2014 8:41am Jun 19, 2014 8:41am
Quoting fti
{quote} ???? what has a flat got to do with a shs pattern? what you talking about. you seems very confused. regards
yes, i am confused with what is the flat mentioned previously, would you clarify please

"
your triple top neck breaks.
but you have a right shoulder .
so is not a triple top break.

so you have a flat.
and that flat neck needs to cofirm.
a flat is not a reversal pattern.

so he's gonna make more wide flats for you guessing wtf he's making.

already 1st flat is engulfing, if another flat forms , reange is gonna be very wide.
is a flat, so what 5th wave you looking for? in a flat?

"
THE ALL is MIND; The Universe is Mental
  • #47,373
  • Jun 19, 2014 8:43am Jun 19, 2014 8:43am
cable

https://charts.mql5.com/5/15/gbpusd-...l-services.png
don't predict direction, but dance with flow of water
  • #47,374
  • Jun 19, 2014 8:47am Jun 19, 2014 8:47am
Quoting Jacque
{quote} yes, i am confused with what is the flat mentioned previously, would you clarify please " your triple top neck breaks. but you have a right shoulder . so is not a triple top break. so you have a flat. and that flat neck needs to cofirm. a flat is not a reversal pattern. so he's gonna make more wide flats for you guessing wtf he's making. already 1st flat is engulfing, if another flat forms , reange is gonna be very wide. is a flat, so what 5th wave you looking for? in a flat? "
when you ask for dealing price what do you get from mm?

a bid and an offer price.

if that bid and offer price gyrates within a range band, overtime what pattern forms?
and when patterns form within that flat, what are you getting?


regards

answer is screwed by the mm.

why?
how on earth are you gonna be able out scalp him?
he's got the whole market pivoted, and eating out of his range.
  • #47,375
  • Jun 19, 2014 8:48am Jun 19, 2014 8:48am
Quoting fti
{quote} when you ask for dealing price what do you get from mm?
bid/offer

ok, overtime, it goes up & down forming mountain and valleys? and are we referring to charting only either the bid or offer on the chart?
THE ALL is MIND; The Universe is Mental
  • #47,376
  • Jun 19, 2014 8:55am Jun 19, 2014 8:55am
cable average S .7042/. pain level .7050-55 area.
don't predict direction, but dance with flow of water
  • #47,377
  • Jun 19, 2014 8:56am Jun 19, 2014 8:56am
Quoting Jacque
{quote} bid/offer ok, overtime, it goes up & down forming mountain and valleys? and are we referring to charting only either the bid or offer on the chart?
one day when i have the energy , i will play the game with you.
you just need pay me the pip difference.
but not today, sorry.

regards
  • #47,378
  • Edited 9:11am Jun 19, 2014 9:00am | Edited 9:11am
Quoting priceaction1
cable {image}
triple bottom breakup.

if you short? then start praying.
should be slow cooking the kill.
Once the ducks cooked, they will trade again.
otherwise will just be slow cooking.

can you spot the neck break?
guess your fill.
go to 15 or 5 mins charts .
you should be able see the shading speed.

This mm very vicious.
not only shorts cannot get out.
even peeps cannot buy in at decent price.

but don't worry pro will trap him on his roller coaster ride.
Lets see , for now let him push. I like see how he gonna escape mamabear.


regards
  • #47,379
  • Jun 19, 2014 9:02am Jun 19, 2014 9:02am
Patterns, levels, S&R, demand&supply, order limit, sentiment, fundamental, levels, price, wicks, trades, bid offer, liquidity, equilibrium ... ???
All for increase probability from point A to B ? ... in my mind

I am at A, where is B??
I am target B
But, who am I??

Is B important or a I following A see where she go easier.....
A do a turn and go opposite??!!
oh shit... I am trap...
I out... oh no, A turn again and continue original ???!
A tricky,
how to follow?? stay behind ??
Stay infront??
what probability/possibility I have ?!?
Outsmart??!
ya right, he set the game!!
how sure ??
is it the game??
Plan plan plan!

This always in my mind..
Fall in love with the process, and the outcome takes care of itself.
  • #47,380
  • Jun 19, 2014 9:05am Jun 19, 2014 9:05am
Quoting fti
{quote} one day when i have the energy , i will play the game with you. you just need pay me the pip difference. but not today, sorry. regards
Humbly requesting entry to game as well Sirs.
Fall in love with the process, and the outcome takes care of itself.
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