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Technical Analysis Fallacy

  • #52,241
  • Apr 8, 2015 6:26am Apr 8, 2015 6:26am
Quoting alexandria
{quote} Thank you FTI for all and for cable today. Regards

i am laughing to bok.

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  • #52,242
  • Apr 8, 2015 7:38am Apr 8, 2015 7:38am
Quoting fti
{quote} i am laughing to bok. https://www.youtube.com/watch?t=70&v=BiP_vysgU5E

check out the terrain - follow never lead
  • #52,243
  • Apr 10, 2015 8:20am Apr 10, 2015 8:20am
Thank you FTI for all your guidance........ and fun.... hope you have a good weekend........


Trading is so hard yet so easy ..... weird........follow the thread and the feel and learn....never rigid and with fluidity it will all come to you if you just ask........why do we all let "ourselves" get in the way of a good thing.

This is a journey... I have been impatient (thank you Phil for pointing it out so long ago now) and too fast..... take your time and it comes slowly slowly........ above all manage the book and yourself.


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check out the terrain - follow never lead
  • #52,244
  • Apr 10, 2015 12:08pm Apr 10, 2015 12:08pm
chief I did this on live account too much much small than this one but profit was 9500%
http://www.forexfactory.com/showthread.php?t=484850
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Click to Enlarge Name: for fti.png Size: 25 KB
don't predict direction, but dance with flow of water
  • #52,245
  • Apr 11, 2015 3:09am Apr 11, 2015 3:09am
Yes, of course, nothing works all the time..



Quoting fti
Apologies -no mentor, or course, or literiture can give anyone the holy grail to the secrets of success in trading in the markets. -"and no one, sells the goose that lays golden eggs, probably the eggs, but never the goose" Nevertheless, I will humbly attempt. Since the late 70s and into the millinium. Many "engineers" have made public, their inventions of reading probabilities into Technical Indicators. Many Technical Analysis Gurus came to the forefront to sell their research findings. To name a few, The Grand daddy being Charles Dow and his Dow...
  • #52,246
  • Apr 13, 2015 3:26am Apr 13, 2015 3:26am
The London boys did their thang...........sorry ducks............




Regards
check out the terrain - follow never lead
  • #52,247
  • Apr 14, 2015 6:19am Apr 14, 2015 6:19am
Been long with my man...... as he told me so ......... but big guns out there today bit scary.... anyways off to hospital so out for now.....


Regards
check out the terrain - follow never lead
  • #52,248
  • Apr 15, 2015 7:27am Apr 15, 2015 7:27am
Quoting alexandria
Been long with my man...... as he told me so ......... but big guns out there today bit scary.... anyways off to hospital so out for now..... Regards

noted.
No worry, resorts not so scary. Just send mind to sea side and enjoy mind in God's creation.
Everywhere is same. You have to live in mind, World is only illusion.
God Bless. Strength and Inner peace.

regards

wet wet thai new year. hurry back after all the drs probing.
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  • #52,249
  • Apr 16, 2015 2:20am Apr 16, 2015 2:20am
Quoting fti
{quote} noted. No worry, resorts not so scary. Just send mind to sea side and enjoy mind in God's creation. Everywhere is same. You have to live in mind, World is only illusion. God Bless. Strength and Inner peace. regards wet wet thai new year. hurry back after all the drs probing. https://www.youtube.com/watch?v=F2kJOGxj5DA
Thank you FTI.

Just the big guns seemed bigger than usual and in some of the candles where if you look back at you can not see where push came.

Ahh Thai New Year missed now I think.... I have been to one quite a few years ago.... got soaked/powdered and 3 marriage proposals (did not much like the prospects tho....)..... just my hair colouring they used to like... now more used to farang.



Regards
check out the terrain - follow never lead
  • #52,250
  • Apr 16, 2015 2:55am Apr 16, 2015 2:55am
Thank you FTI.
i make it a point to come by once in a while to say a little thank you.
The market has taught me so much in so many dimensions about human nature.
We can only manage ourselves to the best of our ability and flow with the market when it tells us to.
Many lessons even today after many years.
Am paying it forward every day because of you my dear Sir.
Good health my friend.
  • #52,251
  • Apr 16, 2015 3:51am Apr 16, 2015 3:51am
Thanks FTI. I found this topic and totally agree to the fallacy of technical analysis.

I embarked on forex trading at year 2009, I am a software engineer, and learn MT4 script programming myself. I had tried to write multiple mechanical trading automation, added algorithm to tune by adapting the volatility base on historical data, back testing by applying it to one of the currency pair say EUR/USD, then verifying it with 13 different currency pairs both major pairs and cross pairs. The result is it really prove that "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time."

The only indicator on my D1 chart is EMA5 (represent 1 week average) and EMA20 (represent 4 week average), it is not for the purpose of providing me signal of entry or exit, it is just an average, this is what it suppose to be. The resistance and support no longer a line, it is an area. Candle pattern has no meaning to me, one can try to break a candle apart into multiple, or combine multiple into one, which guarantee to give more confusion. Usually, all these doesn't serve much meaning in my trade, or they just contribute 10% of my trading plan. The only thing I depends on for 90% of my trading plan is money management, per trade risk and per month risk.
  • #52,252
  • Apr 16, 2015 6:56am Apr 16, 2015 6:56am

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  • #52,253
  • Apr 18, 2015 4:17am Apr 18, 2015 4:17am
Quoting kinky
https://www.youtube.com/watch?featur...&v=9_lyJt2T3GY


Regards
check out the terrain - follow never lead
  • #52,254
  • Apr 18, 2015 11:58am Apr 18, 2015 11:58am
hi frens. i have been poking ard gann's work tunnel thru the air and the deeper i go, the darker it become. it made me believe there is a secret that seems so near and reachable - just a little more. it planted into my mind, immeasurable thirst and belief in that golden grail. so much so that i had to refresh what i learnt on thread again to regain my sanity. is especially danger where you could just easily google ttta decoded and getting tons of that dark stuff promoising you instant immeasureable wealth.

imo, the only thing that is useful in the book are those few pages starting from p195. the rest is utterly misleading. so pls dont waste your time and energy.
THE ALL is MIND; The Universe is Mental
  • #52,255
  • Apr 19, 2015 6:15am Apr 19, 2015 6:15am
Quoting Jacque
hi frens. i have been poking ard gann's work tunnel thru the air and the deeper i go, the darker it become. it made me believe there is a secret that seems so near and reachable - just a little more. it planted into my mind, immeasurable thirst and belief in that golden grail. so much so that i had to refresh what i learnt on thread again to regain my sanity. is especially danger where you could just easily google ttta decoded and getting tons of that dark stuff promoising you instant immeasureable wealth. imo, the only thing that is useful in the...

Hi I have only read it once and will read it again........ I think we take from it what we want rather like this thread... if it is useful keep it else throw it away.

The stuff I got from it is more or less what is in this thread.... trade the way the market wants to go and manage it when it does and manage it when it does not, and look at the terrain you are in and news and whatever else helps you (background info/expertise whatever RoK Averages, Greed and Fear behaviours) and stop looking for sth that is not there..... ie use common sense and management. The darker stuff that can be read in it is where the danger lies IMO for systems peeps and is rather like life take care over what you want to believe in. Anyways I am a girlie and I was more interested in the love story (sorry but I was and I am a bit of a tomboy but still....)......

I think it is worth a read...... FTI puts it so well tho'

Regards
check out the terrain - follow never lead
  • #52,256
  • Edited 7:02pm Apr 19, 2015 6:42pm | Edited 7:02pm




Inserted Video


lucky i had my oxy compressor on.
the darn thingy stopped for a moment.
hummmmmm, behave just like markets.


regards
  • #52,257
  • Apr 20, 2015 1:54am Apr 20, 2015 1:54am
Quoting fti
https://www.youtube.com/watch?v=lncwRnV4Gsg lucky i had my oxy compressor on. the darn thingy stopped for a moment. hummmmmm, behave just like markets. regards

OMG... that woke me up


Regards
check out the terrain - follow never lead
  • #52,258
  • Apr 21, 2015 8:15pm Apr 21, 2015 8:15pm
Quoting alexandria
{quote} Hi I have only read it once and will read it again........ I think we take from it what we want rather like this thread... if it is useful keep it else throw it away. The stuff I got from it is more or less what is in this thread.... trade the way the market wants to go and manage it when it does and manage it when it does not, and look at the terrain you are in and news and whatever else helps you (background info/expertise whatever RoK Averages, Greed and Fear behaviours) and stop looking for sth that is not there..... ie use common sense...
Hi alex, it is a sure thing that one can take what one likes. My point was don't waste time trying to take what seems to be there which appears to be the holy grail. The "holy grail" appears to b astro tactics . Do a search and u can get info that supports it as though it is real , try Bonnie lee hill's lectures and it will tell u that gann put down many dates in the book and it corespondent to planetary movements and then u have a guy by the name of khit Wong selling an astro book for 9k which he links to TTTA and provided profitable P&L from phillip capital Hong Kong .

o made me believed there is something and wasted my time mental energy
THE ALL is MIND; The Universe is Mental
  • #52,259
  • Apr 22, 2015 2:04am Apr 22, 2015 2:04am
Quoting Jacque
{quote} Hi alex, it is a sure thing that one can take what one likes. My point was don't waste time trying to take what seems to be there which appears to be the holy grail. The "holy grail" appears to b astro tactics . Do a search and u can get info that supports it as though it is real , try Bonnie lee hill's lectures and it will tell u that gann put down many dates in the book and it corespondent to planetary movements and then u have a guy by the name of khit Wong selling an astro book for 9k which he links to TTTA and provided profitable P&L...
I do agree with you......... it is smoke and mirrors.... I think the true/real story is just simples....... that is what I took from it.


Regards
check out the terrain - follow never lead
  • #52,260
  • Apr 22, 2015 7:13am Apr 22, 2015 7:13am
Thanks to FTI went short, then long and then short all good... yup every one....be flexible and adapt...use the tools we have been given.......starting to sink in a bit more.... rigidity kills..... so does ego.

Regards
check out the terrain - follow never lead
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