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Technical Analysis Fallacy

  • #48,321
  • Jul 8, 2014 11:29am Jul 8, 2014 11:29am
Quoting alexandria
{quote} Thank you for your reply - but I am not going that way -algorithmic trading has obvious limitations - too RIGID - you are exactly right in that - did not have word for it until now - that word is so important to my understanding. I use a testing tool as it helps me - stepping stone and it is live when I need it to be - but it has limitations too e.g. if you go over old ground then it is no use then you are the fool. Black-box is not only approach - just coz you can does not mean you should. But I thank you for warning as kindly meant and...
hello there, i think hor, just dumped that testing or whatever backtest tool you have. then, just open your chart and learn, its live and marked to current market sentiment, best teacher

apologies my english language is bad and tone may seems uncouth, is because recently i am in ah beng/coffeeshop uncle mode.

you may not know because of cultural difference
ah beng means gangster
coffeshop uncle is someone who sit at coffeeshop and drink coffee and talk uncouthly but those who understand actually is very friendly and relax way of talking
THE ALL is MIND; The Universe is Mental
  • #48,322
  • Jul 8, 2014 11:38am Jul 8, 2014 11:38am
Quoting Jacque
{quote} ya lor, looks like it want move some more leh, broke prior rounding top and formed higher low aiya, my hand itchy, got into aud short. now look at it seems like topping action, jerky prior upmove kind of show flow no wanna go there and got an ugly shs now hor mini shs want brreak downslope neckline, need help, someone add weight pls wah lao, kiss neckline only, more weight pls, need slp soon aiyoaiyo, shs become wedge, downslope wedge at a top? i only know upwedge at top expect drop. downwedge at top expect breakout both...
so now you learn what a downward sloping neckline is good for?
if you learned nothing, just tell you you aud shs is already dead pattern. until lots more clues to determine.
but for this leg its already dead.
seems lots more waiting.
the intervetion not serious. pissing aginst the wind.

got me alittle more involved.
is ok. have preparation for this just in case.


regards

3 and half hours and all they managed is scalp 15 pips on cable higher.
they will do this again tom.
and when all the scalpers puts on their shoes, wham.

but for now they scalping cover gap full.
how many ducks still left in the pond?
  • #48,323
  • Jul 8, 2014 11:57am Jul 8, 2014 11:57am
Quoting Jacque
{quote} hello there, i think hor, just dumped that testing or whatever backtest tool you have. then, just open your chart and learn, its live and marked to current market sentiment, best teacher apologies my english language is bad and tone may seems uncouth, is because recently i am in ah beng/coffeeshop uncle mode. you may not know because of cultural difference ah beng means gangster coffeshop uncle is someone who sit at coffeeshop and drink coffee and talk uncouthly but those who understand actually is very friendly and relax way...

I am doing live. Thanks
check out the terrain - follow never lead
  • #48,324
  • Jul 8, 2014 1:28pm Jul 8, 2014 1:28pm


https://charts.mql5.com/5/165/gbpusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #48,325
  • Jul 8, 2014 2:46pm Jul 8, 2014 2:46pm
Quoting priceaction1
{image}
???
  • #48,326
  • Jul 8, 2014 2:47pm Jul 8, 2014 2:47pm
Quoting fti
{quote} ???

chief



germany vs brazil....trading can wait today :

V
  • #48,327
  • Jul 8, 2014 2:51pm Jul 8, 2014 2:51pm
Quoting indianguyinny24
{quote} chief germany vs brazil....trading can wait today : V
i no watch anymore. no energy.


regards
  • #48,328
  • Jul 8, 2014 3:35pm Jul 8, 2014 3:35pm
Quoting fti
{quote} i no watch anymore. no energy. regards

not wroth it watching....germany just did 5-0 in 30 min first half..


V
  • #48,329
  • Jul 8, 2014 5:55pm Jul 8, 2014 5:55pm
Quoting fti
{quote} so now you learn what a downward sloping neckline is good for? if you learned nothing, just tell you you aud shs is already dead pattern. until lots more clues to determine. but for this leg its already dead. seems lots more waiting. the intervetion not serious. pissing aginst the wind. got me alittle more involved. is ok. have preparation for this just in case. regards 3 and half hours and all they managed is scalp 15 pips on cable higher. they will do this again tom. and when all the scalpers puts on their shoes, wham. but for now...
the downward slope neckline means price need travel more distance to break compared to horizontal or upwards sloping neckline. the idea is since need travel more distance, means more troublesome, correct rite?

so hor, i got tricked into selling loh and the downslope neckline that they made now become support and become dead lor, trap both side hor then later open 4D first prize?

ya lor, from charts seems these peeps not afraid the intervention boy, i think hor, need intervention man

and one thing hor, after drop price move up straight line & consolidate and the candles in the consol zone look like shit means the flow they showing is possible deception hor? after they make like is a top trapped enough sellers liao then shade upwards create another range hor? now px return to pre-drop level liao
THE ALL is MIND; The Universe is Mental
  • #48,330
  • Edited 7:55pm Jul 8, 2014 7:19pm | Edited 7:55pm
Think better write properly so all can understand
Eh, how come ur post went missing. Sorry, I doing a bit curve fitting based on what mention previously abt down slope impede drop. Thus, trying to think in terms of that when think what downslope neckline good for. So since u ask me whether I made up or I know, means I got it wrong?

Regarding ur question on whats is the dominant pattern for upslope neckline, upslope neckline means higher bottom, For shs, the dominant pattern need lower top. But, can potentially form a higher top and uptrend continue.

Downslope neckline means lower bottom, for shs, dominant need lower top too. But this lower top read in conjunction with lower bottom is just normal downtrend.

In our aud case, it kind of continued a mini downtrend but neckline didnt break. If neckline broke, also is downtrend continue but is a strong impulse and this strong impulse is what we want because want price get far away from us.

So I think, upslope neckline possibld means peeps buying from him make big shorts or can allow him sell gd price for nice short so higher chance fast impulse down in a topping scenario.
Downslope neckline possible means peeps potentially already selling to him on the right shoulder. Then his shorts is already squaring off slowly cannot make fast drop else ltr he his booked may turned long at a price he not want to ?

if i am totally offtrack, please whack me back to reality..
THE ALL is MIND; The Universe is Mental
  • #48,331
  • Jul 8, 2014 9:05pm Jul 8, 2014 9:05pm
Lol ... dmk/brl
final score 7-1
re-enforce my respect for buba ...
esp when they are in the mkts .....

Regards,

I rem one stormy night back in year 2000, all the cb came in for a party ...
Ecb, Feds, Boj, Buba, Boe, Bk of Franc, Bk of Canada ... all started to cha cha at the same time
http://online.wsj.com/news/articles/...22350611804810

Just reminded me when kinky posted the Frozen song with 25 different languages ...
hence my response of a concerted intervention ...
aiyo .. these 25 kuniangs, open their gaps and yet kenna covered back
  • #48,332
  • Jul 8, 2014 10:01pm Jul 8, 2014 10:01pm
Quoting fti
so as not to diatract everyone. an imbecile showed up. anyone wants read his opinions? if yes please state and i can open thread for him come entertain us. is quiet sometime we not have clown entertainment already. but i no energy play with him. if anyone has interest poke the monkey just sound. this his dirt. http://www.forexfactory.com/trancetrader regards
I believe I need to be better at not getting suckered into those talks,

Really embarassing..I went out with them for more than 3 days I think. In the end, all talk no cock..sad..

Well, first of all apologies to the great ppl here and chief. For the rubbish that happened prior.

Well no time to trade this week.. But will be reading thread. Thanks for priceaction1 for his document so offline on plane can read.
  • #48,333
  • Jul 9, 2014 12:11am Jul 9, 2014 12:11am
Ok, last boxing video, I promise. I just want to make a huge point fti mentioned a long while ago about him knowing people with ~100% wins rates.
In trading, a lot of people think, losses are part of the game.
I wanted to compare that to boxing again--comparisons are endless lol. In boxing, peeps accustomed to think, you have to take a punch in the sport.
Just know, there are few people in the trading world, who have 0 tolerance for losses, just like there are few people in the boxing world who have 0 tolerance of getting hit. It is very possible to not get hit, or lose a trade.
Appropriate strategic measures/safeguards, hidden experiences, & a certain focus are used to counter the "natural" order of how people are brought up into thinking such way. fti showed me how to avoid, and how to counter. All it took was much practice, of coaches initial teachings and you can be a great fighter/trader, just have faith. Good night all :-)
Inserted Video
  • #48,334
  • Jul 9, 2014 12:33am Jul 9, 2014 12:33am
Quoting Swis
Ok, last boxing video, I promise. I just want to make a huge point fti mentioned a long while ago about him knowing people with ~100% wins rates. In trading, a lot of people think, losses are part of the game. I wanted to compare that to boxing again--comparisons are endless lol. In boxing, peeps accustomed to think, you have to take a punch in the sport. Just know, there are few people in the trading world, who have 0 tolerance for losses, just like there are few people in the boxing world who have 0 tolerance of getting hit. It is very possible...
Swis, very nice video. thanks for sharing

good nite to you
THE ALL is MIND; The Universe is Mental
  • #48,335
  • Edited 1:56am Jul 9, 2014 1:18am | Edited 1:56am
Quoting Swis
Ok, last boxing video, I promise. I just want to make a huge point fti mentioned a long while ago about him knowing people with ~100% wins rates. In trading, a lot of people think, losses are part of the game. I wanted to compare that to boxing again--comparisons are endless lol. In boxing, peeps accustomed to think, you have to take a punch in the sport. Just know, there are few people in the trading world, who have 0 tolerance for losses, just like there are few people in the boxing world who have 0 tolerance of getting hit. It is very possible...
Thank you for your kind words.
very important to peeps who try show truth, it is greatest joys when sees have those who understands.
nice video , such clever the boxer, my hats off to him.
and to you for understanding, i think you got it, the mindset.arrived.
this your second point made. you nearly there.
now back to the gym. you already understand.
now to brush up the practise, practise, practise.

regards
  • #48,336
  • Jul 9, 2014 1:31am Jul 9, 2014 1:31am
Quoting trad8
Lol ... dmk/brl final score 7-1 re-enforce my respect for buba ... esp when they are in the mkts ..... Regards, I rem one stormy night back in year 2000, all the cb came in for a party ... Ecb, Feds, Boj, Buba, Boe, Bk of Franc, Bk of Canada ... all started to cha cha at the same time http://online.wsj.com/news/articles/...22350611804810 Just reminded me when kinky posted the Frozen song with 25 different languages ... hence my response of a concerted intervention ... aiyo .. these 25 kuniangs, open their gaps...

so there was no concerted interv.
even i though there was, so is actually the manufac figs drove.

i was thinking , why wave 2 taking so long.
and no one have any info on the who's checking prices.
naughty kopi boy. make illusional gossips.
Attached Image
  • #48,337
  • Jul 9, 2014 1:41am Jul 9, 2014 1:41am
Quoting Kuat
{quote} I believe I need to be better at not getting suckered into those talks, Really embarassing..I went out with them for more than 3 days I think. In the end, all talk no cock..sad.. Well, first of all apologies to the great ppl here and chief. For the rubbish that happened prior. Well no time to trade this week.. But will be reading thread. Thanks for priceaction1 for his document so offline on plane can read.

no worrys , there lots these deceived peeps with delusions of grande.
I just chose not live with them, leave them to their own devices.
for me if they block my path , i tend chase them away. i the type no even chase stray dogs because i know strays are hungry.
thats why they scavenge. But these supposed superior beings, In my eyes i just view em lower than the strays.
is not your fault that they exist. so no apologies necessary. Just pray like jesus 's lord prayer. Pray God, help keep the temptations from your door.
every being and animal is same. if rouse or afraid , will bite. Only difference is the animals are honest. Humans wears masks which themselves sometimes not aware of.

regrads
  • #48,338
  • Jul 9, 2014 1:41am Jul 9, 2014 1:41am
Market is so right all the time lol....


V
  • #48,339
  • Jul 9, 2014 1:46am Jul 9, 2014 1:46am
Quoting Jacque
Think better write properly so all can understand Eh, how come ur post went missing. Sorry, I doing a bit curve fitting based on what mention previously abt down slope impede drop. Thus, trying to think in terms of that when think what downslope neckline good for. So since u ask me whether I made up or I know, means I got it wrong? Regarding ur question on whats is the dominant pattern for upslope neckline, upslope neckline means higher bottom, For shs, the dominant pattern need lower top. But, can potentially form a higher top and uptrend continue....
.

continuation or reversal.
Attached Image
  • #48,340
  • Jul 9, 2014 1:54am Jul 9, 2014 1:54am
sent a rescue at 1.3620 earlier had to kill it at 1.3630 and now it is back to where it was lol...had to book some loss bcz of it....


V
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