Technical Analysis Fallacy | Page 2555 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Technical Analysis Fallacy
Exit Attachments

Technical Analysis Fallacy

  • #51,081
  • Nov 20, 2014 5:45am Nov 20, 2014 5:45am
Quoting alexandria
{quote} Yeh they are all dawdling about like the weather. I hope you do not mind - I would like to ask you, do you treat news like retail sales in same way as rates release as it did have the same major impact? Thanks for your support today - I must owe you a microbrewery of beer. God knows what I owe FTI.

Hi Alexandria

no no you do not owe me anything, i am happy to try to help, i was helped so just trying to pass the favor on.

please be aware fundamentals are not my strong point, in my experience rate releases are major major and really move the market if the news is not what was expected, things like retail sales can also move the market but not like rates can, i am cautious with any major news release and ensure my exposure can handle a run against my trades, in the end it is all just trading, i do not really think of it as attack/rescue anymore, i just manage my overall position to become profitable if i can, that is why i take the view of trading one currency but spreading it over a few pairs, as i did this morning. you never know which one is going to move more than the other, that is what i use my scouts for to tell me good decision/bad decision, i only added one more scout to the e/u because i could see by the figs and chart that one was a bad decision but it had bottomed out and gbp news was very good.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #51,082
  • Nov 20, 2014 7:14am Nov 20, 2014 7:14am
hello frens.. i arrived in time for battle. anyone on the hot seat?

ok, equipment check
check bucket, check rifle, e spring squeeze trigger, check magazine

US CPI in 15mins

look at that jap lady, 1 straight line up on the 1H, 100 pips range tested top and bottom already. what's next on the table
Attached Image
THE ALL is MIND; The Universe is Mental
  • #51,083
  • Nov 20, 2014 7:27am Nov 20, 2014 7:27am
Quoting Jacque
hello frens.. i arrived in time for battle. anyone on the hot seat? ok, equipment check check bucket, check rifle, e spring squeeze trigger, check magazine US CPI in 15mins look at that jap lady, 1 straight line up on the 1H, 100 pips range tested top and bottom already. what's next on the table {image}
my view. dear not see the news , news confused trader. trade your system. if u want to follow the news, follow the central bank policy news.
regards
  • #51,084
  • Nov 20, 2014 7:28am Nov 20, 2014 7:28am
Hi Jacque

good to see here ready for battle my friend

here is my check list...

regards

Phil.

Attached Image
-be careful about what you allow to be put in your mind-
  • #51,085
  • Nov 20, 2014 7:35am Nov 20, 2014 7:35am
Quoting fxmusa
{quote} my view. dear not see the news , news confused trader. trade your system. if u want to follow the news, follow the central bank policy news. regards
hey fxmusa,

news release are good catalyst to see market positioning and also, it releases the pent up pressure creating lots of opportunities
THE ALL is MIND; The Universe is Mental
  • #51,086
  • Nov 20, 2014 7:36am Nov 20, 2014 7:36am
Quoting phil13
Hi Jacque good to see here ready for battle my friend here is my check list... regards Phil. {image}
hey fren, good to see you

i am in battle, shooting them hard, jap lady here she goes
THE ALL is MIND; The Universe is Mental
  • #51,087
  • Nov 20, 2014 7:46am Nov 20, 2014 7:46am
Quoting Jacque
{quote} hey fxmusa, news release are good catalyst to see market positioning and also, it releases the pent up pressure creating lots of opportunities
hi dear
i want to say in news time market maker make the position so quickly and hit sl a large amount. in news time smart money play a great game for sl hunting.
  • #51,088
  • Nov 20, 2014 7:59am Nov 20, 2014 7:59am
Quoting fxmusa
{quote} hi dear i want to say in news time market maker make the position so quickly and hit sl a large amount. in news time smart money play a great game for sl hunting.
i see what you mean. well, that depends on how you use the news to trade, i use it to see how the market react and guess what is the market position and wait for the madness to stablize before going in with force. sometime my hands get itchy.. in such case, i just send a small scout in to scratch that itch
THE ALL is MIND; The Universe is Mental
  • #51,089
  • Nov 20, 2014 8:06am Nov 20, 2014 8:06am
depends on how a trader use the news to trade. agree
regards
  • #51,090
  • Nov 20, 2014 8:36am Nov 20, 2014 8:36am
Quoting fxmusa
{quote} my view. dear not see the news , news confused trader. trade your system. if u want to follow the news, follow the central bank policy news. regards
wrong terms.
news? events? opinions?
one must be able distinguish.
fti goes to washroom, is also news.
if fti gets stuck in toilet bowl for 1 week.
but i not think will move market much.

regards
  • #51,091
  • Nov 20, 2014 8:40am Nov 20, 2014 8:40am
Quoting Jacque
{quote} i see what you mean. well, that depends on how you use the news to trade, i use it to see how the market react and guess what is the market position and wait for the madness to stablize before going in with force. sometime my hands get itchy.. in such case, i just send a small scout in to scratch that itch
oh , ok
but did scout wash his hands?
normally i everywhere itch.

is not madness, sometimes peeps get caught in very dark places.
and they have to scratch, itchy or no itchy.
some peeps trained to scratch.

regards
  • #51,092
  • Nov 20, 2014 8:40am Nov 20, 2014 8:40am
Quoting fti
{quote} wrong terms. news? events? opinions? one must be able distinguish. fti goes to washroom, is also news. if fti gets stuck in toilet bowl for 1 week. but i not think will move market much. regards
if fti get stuck in toilet bowl, is big news for the fti/usd pair
good to see you

scout trapped under heavy enemy fire, comms is cut off. x-men scout standby
incoming scouts forming line defense wall
THE ALL is MIND; The Universe is Mental
  • #51,093
  • Edited 9:05am Nov 20, 2014 8:52am | Edited 9:05am
Quoting Jacque
{quote} if fti get stuck in toilet bowl, is big news for the fti/usd pair good to see you scout trapped under heavy enemy fire, comms is cut off. x-men scout standby incoming scouts forming line defense wall
not everyday you have market moving figs.
do not think everyday is tuesday.

ask him find way escape.
to escape is easy on non crazy days.

learn to ..............
http://www.dailymotion.com/video/xrg...be-still_music

not body....mind.

Inserted Video

regards

thanks to orange papa sharing.
Attached Image
  • #51,094
  • Nov 20, 2014 9:02am Nov 20, 2014 9:02am
Quoting fti
{quote} not everyday you have market moving figs. do not think everyday is tuesday. ask him find way escape. to escape is easy on non crazy days. learn to .............. http://www.dailymotion.com/video/xrg...be-still_music not body....mind. regards

scouts rescued with some nice porpips. sudden 20 pip spike, someone fat fingered? nvm, lucky my fingers faster. fastest finger first
Attached Image
THE ALL is MIND; The Universe is Mental
  • #51,095
  • Nov 20, 2014 9:05am Nov 20, 2014 9:05am
Quoting Jacque
{quote} scouts rescued with some nice porpips. sudden 20 pip spike, someone fat fingered?

Hi jacque

news.....philly fed man index= way over estimate.

regards

Phil.

USDPhilly Fed Manufacturing Index 40.8 18.9 20.7
-be careful about what you allow to be put in your mind-
  • #51,096
  • Edited 9:20am Nov 20, 2014 9:07am | Edited 9:20am
Quoting phil13
{quote} Hi jacque news.....philly fed man index= way over estimate. regards Phil.
thanks buddy, my forex factory aint refreshing with the data

mkt seems very long usd
THE ALL is MIND; The Universe is Mental
  • #51,097
  • Nov 20, 2014 9:25am Nov 20, 2014 9:25am
Quoting fti
{quote} wrong terms. news? events? opinions? one must be able distinguish. fti goes to washroom, is also news. if fti gets stuck in toilet bowl for 1 week. but i not think will move market much. regards
dear sir ,
fti
i want to say , news move market. but all news not move the market of his out come result. fti you are expert. i want to say i always trade my own system. but i can not see the out come of the news result .
am i right of my system or wrong ????

if i wrong please advice me ...............

,
  • #51,098
  • Edited 9:46am Nov 20, 2014 9:33am | Edited 9:46am
Quoting fxmusa
{quote} dear sir , fti i want to say , news move market. but all news not move the market of his out come result. fti you are expert. i want to say i always trade my own system. but i can not see the out come of the news result . am i right of my system or wrong ???? if i wrong please advice me ............... ,
system?

well trading is very complex , is different than going to toilet.
no system.
only strategies.

regards

a few words gave your rigidity away.
system, outcome.
I just finished say news don't move markets.
Its the buying and selling that moves it.
otherwise i would allow the cat trade.

your system is neither right or wrong.
your mindset is.

ok i try tell you about systems and mindset.
when a fire extinguisher robot is programmed, when see fire spray. That system.
but if i start a bbq , it will also spray. the outcome will be the same.
Then try relate to what you would do.
but some of us, we trained like robots.
  • #51,099
  • Nov 20, 2014 9:42am Nov 20, 2014 9:42am
franfurt closing soon, watching the front
THE ALL is MIND; The Universe is Mental
  • #51,100
  • Nov 20, 2014 9:47am Nov 20, 2014 9:47am
Quoting fti
{quote} system? well trading is very complex , is different than going to toilet. no system. only strategies. regards a few words gave your rigidity away. system, outcome. I just finished say news don't move markets. Its the buying and selling that moves it. otherwise i would allow the cat trade.

sorry for my wrong word

i don't see the news result. news result confused me. i always avoid it.
i trade my own strategies.

am i right ? or wrong ?

if i wrong please advice me , again
regards
20 traders viewing now