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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
DislikedA question to anyone who can answer: I live in Europe, but I use NZ broker which has Daily candles set to NY closing time...on my trading station at 23h in my local time and when the candle starts to form sessions are like this (this is my local time which is GMT+1): Sidney 23-08h, Tokyo 02-11h, London 09-18h, NY 14-23h at 23h my local time a new candle starts (that is 00h server time on MT4) When I wake up around London open (yes I don't like to get up early ) I start trading around 10AM (or 9AM London time) I look at what Sidney and Tokyo did,...Ignored
Disliked{quote} if you are the market maker, is seeing the asia MM driving px up a good enough reason for you to buy? What is the headlines for the day? Who is buying in the market and why are they buying? What does the chart says? Will there be a reason for peeps looking at chart to buy? Is this the seson where corp will be buying to reparitrate money back to close their books? Did you read market structure on thread? do you know the function and purpose of a market maker? who are the players? how does a market maker make his money? pls read threadIgnored
Disliked{quote} Jacque I don't know who is buying in the market, as a retail trader I don't have that kind of information. All I see is when I wake up and open my platform I see that price increased during the Asian session so my conclusion is that MM pushed the price up for whatever reason. I don't look past weekly charts to see the overall trend, but it doesn't give me the answer to who is determining the daily trend if you know what I mean. Who is setting the trend for the day? Who is following it? I have read the first 200 pages, and I know who the...Ignored
Disliked{quote} Jacque I don't know who is buying in the market, as a retail trader I don't have that kind of information. All I see is when I wake up and open my platform I see that price increased during the Asian session so my conclusion is that MM pushed the price up for whatever reason. I don't look past weekly charts to see the overall trend, but it doesn't give me the answer to who is determining the daily trend if you know what I mean. Who is setting the trend for the day? Who is following it? I have read the first 200 pages, and I know who the...Ignored
DislikedYep and after those 5 years spent reading he will know it all...Swiss how much of the thread did you read and in what time? Be honest... Btw. as I understood FTI was talking about psychology of a traders mind, that is why he made all of you read Art of War and Book of Five rings (read it if you haven't already, an excellent book from the best dual swordsman from all times), and he was talking about riding the price and its action. If he wrote somewhere about how he made price (like I got a call from IBM asking me this and that and because of this...Ignored