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Technical Analysis Fallacy

  • #51,021
  • Nov 19, 2014 4:37am Nov 19, 2014 4:37am
Hi Alexandria

the market moves in a pump and rest motion (fti explained this to me a while ago), i personally look to enter in the rest period and take the next pump (this is just what i have learnt to do), sometimes that pump is 5 or 10pips sometimes it is 50 or 100pips, i just take each as it is given (if i can), this way i am moving with the market, most people think of the market as pairs, i do not any longer, i look to see if a currency is moving, if it is it will show across the board not just in one or two pairs. if your trading the 3k's then if you think about it you are trading USD.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,022
  • Edited 4:59am Nov 19, 2014 4:42am | Edited 4:59am
Quoting fti
ok now open sparking white grape juice and jacuzzi. steam romm first need break the sweat. wait tonight fomc. bot cable bot e, now all squared. regards
so that was you sent that rocket

Inserted Video


No drugs required.
check out the terrain - follow never lead
  • #51,023
  • Nov 19, 2014 4:42am Nov 19, 2014 4:42am
Quoting fti
ok now open sparking white grape juice and jacuzzi. steam romm first need break the sweat. wait tonight fomc. bot cable bot e, now all squared. regards

Hi fti

your jacuzzi awaits sir..

Attached Image
-be careful about what you allow to be put in your mind-
  • #51,024
  • Nov 19, 2014 4:54am Nov 19, 2014 4:54am
Quoting phil13
Hi Alexandria the market moves in a pump and rest motion (fti explained this to me a while ago), i personally look to enter in the rest period and take the next pump (this is just what i have learnt to do), sometimes that pump is 5 or 10pips sometimes it is 50 or 100pips, i just take each as it is given (if i can), this way i am moving with the market, most people think of the market as pairs, i do not any longer, i look to see if a currency is moving, if it is it will show across the board not just in one or two pairs. if your trading the 3k's...
Thanks - that is what I do - I wait for PB rest.

I went short eur as that is my man at mo' - but felt what they were doing watching eurgbp and cable & some other eur pairs & majors so nearly went long cable before that news - I could feel cable turn before news. I could see eur hit a wall on m15/h1 so nice place to send it down and it reacted nice to it so I took that at 2nd or 3rd or maybe 4th clue mind and I just missed the prior long before it this morning which was nice place to take it up first if they wanted to- to that nice zone. Do not get me wrong I go only on feel not zones/levels - need to remind myself tho'.

I try to ride the waves but never sure when to get out at turn as they play such games with me.....just starting to feel those games a bit. How do you know when individual pump is over especially small one? - I guess I will learn - sometimes I come out too soon but if in pips am quite happy not greedy.

Thanks so much - you have helped me loads.
check out the terrain - follow never lead
  • #51,025
  • Nov 19, 2014 4:55am Nov 19, 2014 4:55am
Quoting phil13
{quote} Hi fti your jacuzzi awaits sir.. {image}
wah so big meh,I only have small tub.not enough space practise kungfu type la.regards

wah you teasing me , reminds me 6 star joints hor.
nevermind , old man eat humble pie.

see ya at 2 am.
  • #51,026
  • Nov 19, 2014 5:29am Nov 19, 2014 5:29am
Quoting alexandria
{quote} Thanks - that is what I do - I wait for PB rest. I went short eur as that is my man at mo' - but felt what they were doing watching eurgbp and cable & some other eur pairs & majors so nearly went long cable before that news - I could feel cable turn before news. I could see eur hit a wall on m15/h1 so nice place to send it down and it reacted nice to it so I took that at 2nd or 3rd or maybe 4th clue mind and I just missed the prior long before it this morning which was nice place to take it up first if they wanted to- to that nice zone....

Hi Alexandria

you will learn to stretch the amount of the pump you get with every experience, look at what just happened, fti by the sounds of things got more of that gbp pump than i did (to be expected) his experience far outways mine.

here is a link to wikipedia on P/A, it may help you. not all should be used/taken as you must do this (like the ma lines) but take what you can, SOME of it helped me.

http://en.wikipedia.org/wiki/Price_action_trading

look the chart taken from wikipedia against fti's chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Bacon-annotated-EUR-USD-2010.jpg Size: 485 KB


Attached Image


please remember what i am saying is just from MY experience, you must draw your own conclusions as to whether anything i am showing you has any merit for YOU.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,027
  • Nov 19, 2014 5:36am Nov 19, 2014 5:36am
Quoting phil13
{quote} Hi Alexandria you will learn to stretch the amount of the pump you get with every experience, look at what just happened, fti by the sounds of things got more of that gbp pump than i did (to be expected) his experience far outways mine. here is a link to wikipedia on P/A, it may help you. not all should be used/taken as you must do this (like the ma lines) but take what you can, SOME of it helped me. http://en.wikipedia.org/wiki/Price_action_trading look the chart taken from wikipedia against fti's chart. {image} {image} please...
Thanks so very much - will study and think about it - yeh thought there were lots of clues before it even ran gbp.
check out the terrain - follow never lead
  • #51,028
  • Edited 8:35am Nov 19, 2014 8:02am | Edited 8:35am
OM goodness, something happened in markets?

oh is ducks hunting, with shorts coverings stampede.
i though someone died.
i not buying the reversal yet.
no reasons to.
us building permits improved and we gets this?
somepeeps must be 1 screw loose.
wait fomc teach them not be naughty.

ya ya ya , tried make double bottoms.
with no rates movements? i would pray triple bottoms can holds.
when peeps cannot find reasons, they will manufacture anything.

seriously, when i look at the double bottoms, not look like any sexy bottoms to me.
some peeps not know what double bottoms supposed to look like.

i would prefer wait fomc , then decide what i gonna do.
This short covering. and i squared. so i smoke churoot, and wait.

double bottoms? this dang not even have a neckline yet and someone called double bottoms.
a little knowledge is a dangerous thing.
maybe they speeking from positions.
  • #51,029
  • Nov 19, 2014 8:43am Nov 19, 2014 8:43am
haaaa its a long wait.

and no one's singing songs.
and my browser keeps getting hijacked by some sites.
ok maybe some sleep.


regards
  • #51,030
  • Nov 19, 2014 9:09am Nov 19, 2014 9:09am
Quoting fti
haaaa its a long wait. and no one's singing songs. and my browser keeps getting hijacked by some sites. ok maybe some sleep. regards
FTI - excuse me. When did you decide to enter on gbp - did you wait until after news or were you in before - you could see eurgbp etc set it up.
check out the terrain - follow never lead
  • #51,031
  • Nov 19, 2014 9:18am Nov 19, 2014 9:18am
Quoting alexandria
{quote} FTI - excuse me. When did you decide to enter on gbp - did you wait until after news or were you in before - you could see eurgbp etc set it up.
how can you ask me such a question?
any one who even remotely knows me, knows i not allow any one hold positions into major figs releases.

to make a long story short, after.

anyway here is something interesting thats highlighted to me , entertain me until fomc.

Inserted Video


regards
  • #51,032
  • Nov 19, 2014 9:23am Nov 19, 2014 9:23am
Quoting fti
{quote} how can you ask me such a question?
Sorry -I watched it all on eur/gbp/eurgbp etc and just did not know what to do before the news came out - wanted to go long on gbpusd as the signs were there on other pairs - did the big guys know what news was comin out so set it all up so well- that was a bit shocking to watch for me. If you do not know to watch for this you're a duck just fodder/fuel for their(FTI) rockets.

Looked to me like they used all the duck ponds on the left to go huntin.
check out the terrain - follow never lead
  • #51,033
  • Edited 10:30am Nov 19, 2014 9:43am | Edited 10:30am
Quoting alexandria
{quote} Sorry -I watched it all on eur/gbp/eurgbp etc and just did not know what to do before the news came out - wanted to go long on gbpusd as the signs were there on other pairs - did the big guys know what news was comin out so set it all up so well- that was a bit shocking to watch for me. If you do not know to watch for this you're a duck just fodder/fuel for their(FTI) rockets. Looked to me like they used all the duck ponds on the left to go huntin.
before critical , rather all fig releases.no one knows what the figs are until is made public.
Any one using afore knowledge of fig release position in markets is considered insider trading.
such will be relocatted to trade in jail cells.

When waiting for figs, I do chi.
if you don't like do chi, can also do yoga.
clear mind of all bias and thoughts.
Only focus the figs, and markets respondse to the release.

Trading figs MO is different from trading marketmakers markets.
During these times marketmakers are mostly shitting flour , if the markets gets wild.
so during these times , i ignore em.Mostly they not dare make market prices until markets stablises.
During these markets driven by players.


regards
  • #51,034
  • Nov 19, 2014 9:48am Nov 19, 2014 9:48am
Quoting fti
{quote} before critical , rather all fig releases.no one knows what the figs are until is made public.Any one using afore knowledge of fig release position in markets is considered insider trading.such will be moved to trade in jail cells.
Thank you for clarification.


Here is a really great source for financial explanations....

Inserted Video
check out the terrain - follow never lead
  • #51,035
  • Nov 19, 2014 10:14am Nov 19, 2014 10:14am
Quoting fti
{quote} how can you ask me such a question? any one who even remotely knows me, knows i not allow any one hold positions into major figs releases. to make a long story short, after. anyway here is something interesting thats highlighted to me , entertain me until fomc. http://www.youtube.com/watch?v=SROw5-p4AKY regards
fti,
do youhave more videos of that genre?
Fall in love with the process, and the outcome takes care of itself.
  • #51,036
  • Nov 19, 2014 11:54am Nov 19, 2014 11:54am
AI.....this is good or scary dont know...


Inserted Video



V
  • #51,037
  • Nov 19, 2014 12:02pm Nov 19, 2014 12:02pm
Quoting fti
{quote} how can you ask me such a question? any one who even remotely knows me, knows i not allow any one hold positions into major figs releases. to make a long story short, after. anyway here is something interesting thats highlighted to me , entertain me until fomc. http://www.youtube.com/watch?v=SROw5-p4AKY regards
The video is interesting.
But it still not address key questions on what sort of outlook the fed carries on managing the usd.
Is just says change is begining. but i not see how the change impliments.

Doesn't help me in decifering, what the feds plans are ahead.
Lets see what the feds decision tonight. 1 step at a time.
I cannot see sudden change can happen.
Even less on what outlook on fed's monetary policies.


regards
  • #51,038
  • Nov 19, 2014 12:10pm Nov 19, 2014 12:10pm
Quoting fti
{quote} The video is interesting. But it still not address key questions on what sort of outlook the fed carries on managing the usd. Is just says change is begining. but i not see how the change impliments. Doesn't help me in decifering, what the feds plans are ahead. Lets see what the feds decision tonight. 1 step at a time. I cannot see sudden change can happen. Even less on what outlook on fed's monetary policies. regards
got snooked again by daylight hours.
This rigid brain.
1 more hour to wait.

Is so hard get brain keep adapting to yoyos, who keep shifting goal posts.
OK for the last time. Daylight saving hours already.
Idot brain, pls adjust to it already. PLEASE is not new stuff.

must be grape juice.
but is really confusing, my local hours nothing changed.
makes like jet lag feelings.
It used to be so much easier for me adjust the bio clock.

regards
  • #51,039
  • Nov 19, 2014 12:24pm Nov 19, 2014 12:24pm
Quoting indianguyinny24
AI.....this is good or scary dont know... https://www.youtube.com/watch?featur...&v=EfGD2qveGdQ V
this needs thinking.
I gonna need watch after the fomc.
For now i need every brain cell i can wake up.

thanks for sharing, will look into it later.
How's about some music instead.


regards
  • #51,040
  • Nov 19, 2014 12:28pm Nov 19, 2014 12:28pm
i am not trading FOMC min's, i do not understand it enough or able to read through quick enough to make a good quick decision, could just follow price but it feels like blind gambling, so this is one of my weakness and not a fight i want to start.

see you tomorrow, my friends.

good fortune to all who are trading it.

regards

Phil.
-be careful about what you allow to be put in your mind-
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