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Technical Analysis Fallacy

  • #50,321
  • Oct 21, 2014 3:54am Oct 21, 2014 3:54am
My understanding is you are meant to analyse the charts and see where the market is heading based on that analysis. My look at the price formations suggests we're on the way down. I'll ride that bus for a while.

Anyone else watching the three kingdoms? Not behaving as they should is what I'm seeing. Not sure what that means.
  • #50,322
  • Oct 21, 2014 4:04am Oct 21, 2014 4:04am
Quoting Atomic_Sheep
My understanding is you are meant to analyse the charts and see where the market is heading based on that analysis. My look at the price formations suggests we're on the way down. I'll ride that bus for a while. Anyone else watching the three kingdoms? Not behaving as they should is what I'm seeing. Not sure what that means.
Here is all I know.

You feel it is telling you down then you dance down with it - it may not do that though or it may. What you do next depends on market. It dictates what next. No rigidity. I am too inexperienced to tell anyone what market will do next and I am just trying to follow it.

I think you have answered your own question on Ro3K. I am not clear on that yet - although I am watching it to learn and have used it for entry timing which felt weird to me as new to that.

Good luck.
check out the terrain - follow never lead
  • #50,323
  • Oct 21, 2014 4:05am Oct 21, 2014 4:05am
Here is something to consider………

The thing I have learnt about candles in forex is that we are all looking at different candles depending on what time your broker’s gmt start is from for monthly,weekly,daily and four hourly, also we know how the brokers manipulate the charts, bad connections, turning the platform off during high impact news just to name a few things they do to give us all different looking candles from each broker.

So what you may be seeing is not what everyone else is seeing.

regards

Phil.

Inserted Video
-be careful about what you allow to be put in your mind-
  • #50,324
  • Oct 21, 2014 4:46am Oct 21, 2014 4:46am
Dance for today, made a loss on the first three trades, made gains on all subsequent ones. Overall, up for the day . Comments welcome.
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  • #50,325
  • Oct 21, 2014 5:02am Oct 21, 2014 5:02am
Quoting phil13
Here is something to consider……… The thing I have learnt about candles in forex is that we are all looking at different candles depending on what time your broker’s gmt start is from for monthly,weekly,daily and four hourly, also we know how the brokers manipulate the charts, bad connections, turning the platform off during high impact news just to name a few things they do to give us all different looking candles from each broker. So what you may be seeing is not what everyone else is seeing. regards Phil. http://www.youtube.com/watch?v=jMmwqxrHEoU...
Thank you for your wisdom
check out the terrain - follow never lead
  • #50,326
  • Oct 21, 2014 5:08am Oct 21, 2014 5:08am
Quoting Atomic_Sheep
Dance for today, made a loss on the first three trades, made gains on all subsequent ones. Overall, up for the day . Comments welcome. {image}
so painful for you.
I short multiple 12820+
bot 12755s

what so difficult?
but the waiting was .....
3 hrs, then some more.
played the sax 3 times
why somebody spell sax as sex .


ai ya

regards

they come higher again they eat my stick.
i think i should spell eat my sick. mad man,,,,,, maid man
  • #50,327
  • Oct 21, 2014 5:16am Oct 21, 2014 5:16am
Quoting MickD
I've done a bit of work with the MM and skew, just quickly I came up with these figures. A thing to remember though is that as you add units you are averaging your price down as well so you may be able to be a little more conservative with the added units. If I get more time later I'll add some more calc's to the spreadsheet. {image}
Can someone explain this table please?

Post 852, page 43.

http://www.forexfactory.com/showthre...72#post1801672
  • #50,328
  • Oct 21, 2014 5:17am Oct 21, 2014 5:17am
seems they scared.
16155 maybe can get sell.
  • #50,329
  • Oct 21, 2014 5:18am Oct 21, 2014 5:18am
Quoting Atomic_Sheep
{quote} Can someone explain this table please? Post 852, page 43. http://www.forexfactory.com/showthre...72#post1801672

ai yo , draw picture always need draw intestines becomes very ugly.
use brain.

regards
  • #50,330
  • Oct 21, 2014 5:24am Oct 21, 2014 5:24am
see now , argument with broker.
he osaid small, overhit me size.@ 55
asking size reduction.

bloody idots.

regards

what to do, any cock will do lor.
I stuff him i pity him, need live and let live lor.
half size.

make me short again. nebver mind lor.
  • #50,331
  • Oct 21, 2014 5:26am Oct 21, 2014 5:26am
Quoting fti
{quote} so painful for you. I short multiple 12820+ bot 12755s what so difficult? but the waiting was ..... 3 hrs, then some more. played the sax 3 times why somebody spell sax as sex . ai ya regards they come higher again they eat my stick. i think i should spell eat my sick. mad man,,,,,, maid man
On long did you target that h1/d1 wall/citadel or did you just ride until feel changed (can see topping etc at citadel) - I am not sure on when to exit. Maybe dumb question - but not to me.
check out the terrain - follow never lead
  • #50,332
  • Oct 21, 2014 5:27am Oct 21, 2014 5:27am
Quoting fti
see now , argument with broker. he osaid small, overhit me size.@ 55 asking size reduction. bloody idots. regards what to do, any cock will do lor. I stuff him i pity him, need live and let live lor. half size.
haha, was going to say... where did you get 55! I don't see it dropping that low.
  • #50,333
  • Oct 21, 2014 5:28am Oct 21, 2014 5:28am
Quoting phil13
Here is something to consider……… The thing I have learnt about candles in forex is that we are all looking at different candles depending on what time your broker’s gmt start is from for monthly,weekly,daily and four hourly, also we know how the brokers manipulate the charts, bad connections, turning the platform off during high impact news just to name a few things they do to give us all different looking candles from each broker. So what you may be seeing is not what everyone else is seeing. regards Phil. http://www.youtube.com/watch?v=jMmwqxrHEoU...
I've not seen any evidence of chart manipulation by brokers, have you actually seen this yourself? I did pay for a separate aggregate price feed at one point but it was always exactly the same as my brokers's feed, which was always the same as the two or three other broker's feeds I had open, so I came to the conclusion that they were not manipulating their prices in an effort to create different chart patterns / candles to try and throw people.

I guess the candles during news releases could look a bit different from one broker to another but I don't think that has a big effect on one's price action analysis. It's the speed / size of the moves during figures releases that I think are most useful when trying to gauge market sentiment. I find that a more measured move in one direction is more likely to be sustained whereas fast moves seem to rebound more often, although there are no hard and fast rules of course (sorry, I'm rambling now).
  • #50,334
  • Oct 21, 2014 5:30am Oct 21, 2014 5:30am
i 60 bid .
have balls hit me lor.

just don't wait 3 hours later then have balls hit me hor.
  • #50,335
  • Oct 21, 2014 5:35am Oct 21, 2014 5:35am
anything?
nothing i off.
no more bid
carry umbrella
  • #50,336
  • Edited 5:49am Oct 21, 2014 5:37am | Edited 5:49am
bom pit pit 75 comes SIZE.


oh just mean 75 bid can come to me i have lots give there.

ai ya this fti. angry already.

ok listen sex song waiting. SAX la idot.

ai ya this bad day. popits also gets angry.
nebermind nebermind. meditate.
try stay cool.
otherwise make bistake.
  • #50,337
  • Oct 21, 2014 5:55am Oct 21, 2014 5:55am
ya at last gets squared.
no want over shoot me?

ya thank you, yo owe me 5 pips hor.
ai ya nevermind , i belanja eat shusi.
we all human. bistake is possible.
anyway was good popit.

eeer my 75 off.
do anything yo like already.

i just wait us boys come into playground soon.
  • #50,338
  • Oct 21, 2014 6:20am Oct 21, 2014 6:20am
Inserted Video


Inserted Video


goodnite my friends. my emoti unstable.

regards
  • #50,339
  • Oct 21, 2014 6:33am Oct 21, 2014 6:33am
Hi ukmanthailan

Yes, I have first hand experience of it, had it a few weeks ago (most recently) with a well know company/broker I was trying out, it was quite bad, thought it was my connection/my end at first, compared it to the broker I have used for a while who I know are pretty good, it was obviously a ‘problem’ (shall we call it) their end, it was mainly when the market moved quickly, but that is when you really want to see what is happening, after 3 weeks I had enough, back to using my other broker, the only reason I wanted to use another broker was to spread the risk and they had a spread betting set up which would be an advantage to me in the uk.. Still managed to close in profit though, but no trust no trade.

The other thing to remember is I believe the pro’s use 4 digit charts, priceaction1 posted some of them a while ago, they look completely different to our retail 5 digit charts.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #50,340
  • Oct 21, 2014 9:01am Oct 21, 2014 9:01am
Quoting phil13
Hi ukmanthailan Yes, I have first hand experience of it, had it a few weeks ago (most recently) with a well know company/broker I was trying out, it was quite bad, thought it was my connection/my end at first, compared it to the broker I have used for a while who I know are pretty good, it was obviously a ‘problem’ (shall we call it) their end, it was mainly when the market moved quickly, but that is when you really want to see what is happening, after 3 weeks I had enough, back to using my other broker, the only reason I wanted to use another broker...
Hi Phil,

So you mean it is the speed of candle movements as they are forming that they seem to be manipulating rather than the finished candles? I couldn't swear that never happened, I'd have to run another test I think. I use a well-known UK broker with a Russian parent company, I hope it wasn't them?!
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