Technical Analysis Fallacy | Page 2652 | 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

  • #53,021
  • Sep 13, 2015 10:44am Sep 13, 2015 10:44am
Quoting CookieMonsta
{quote} Hi, Alex, notice that the attack is scout first, .....
Thank you for such detailed explanation of your view on chart.

I guess diamond relates to spiralling in and out as trend/wave progresses so that at highest risk we have less exposure. Concave/convex stuff I do not quite get. I know that to attack we go in force and to rescue we go in force and neither overstays or again we are overexposed. I also know/think that most peeps tend to think when in the sh*t lets risk all to win and when in a win we mostly get nervous and risk averse and so we are flawed... guess we want to make wins huge and losses minimal is our goal.

Thanks again will take me much time to think about the diamond.

Alex
check out the terrain - follow never lead
  • #53,022
  • Sep 13, 2015 6:59pm Sep 13, 2015 6:59pm
Quoting alexandria
{quote} Thank you for such detailed explanation of your view on chart. I guess diamond relates to spiralling in and out as trend/wave progresses so that at highest risk we have less exposure. Concave/convex stuff I do not quite get. I know that to attack we go in force and to rescue we go in force and neither overstays or again we are overexposed. I also know/think that most peeps tend to think when in the sh*t lets risk all to win and when in a win we mostly get nervous and risk averse and so we are flawed... guess we want to make wins huge and...
Hi, Alex, yep, exactly that, and its very similar to tilt behavior in poker, even when winning you can go on tilt and lose it all, like cut your profits too soon and then over trade and both the win loss ratio and risk reward ratio drops massively
  • #53,023
  • Sep 13, 2015 7:27pm Sep 13, 2015 7:27pm
[quote=Jacque;8485608]{quote} these people have not read thread. they looking for that holy grail method. {image} they only read what they want to read and see what htey want to see. evetually they come up with some weird looking horse that fails to work and says .fti taught them this. so much on human nature. what people really need to do, is to read the thread."

@ Jac
I have read the thread up to p 100, perhaps not understand it fully :-)
I don't believe in holy grail method but I believe in custom made personal method that everybody should develop by themselves.
I don't copy fti teaching but try to incorporate it in my method.
My pocket is not as deep as his, my dancing is not as good as his

@ calculus
so is TA useless ?
Yes and no
How can you dance if you don't know S/R, candlesticks, chart pattern, Elliot wave, trends ?
but
you can't use TA mechanically like LTCN, cross this and enter, you don't want to follow TA blindly
because you have to react to PA dance, brain with your emotion is still better than computer.

rt15
  • #53,024
  • Sep 13, 2015 8:14pm Sep 13, 2015 8:14pm
Hi, Why you say fti used Elliot wave?

why u say ltcm uses TA mechanically? What was ltcm's operating model?
THE ALL is MIND; The Universe is Mental
  • #53,025
  • Sep 13, 2015 10:52pm Sep 13, 2015 10:52pm
Quoting Jacque
Hi, Why you say fti used Elliot wave?

ABCDEF in his chart and I think he discussed it in one of his thread




"why u say ltcm uses TA mechanically? What was ltcm's operating model?
"

LTCM is non of my business.
My point is if you follow TA blindly/too rigid you are bound to lose so TA fallacy

rt15
  • #53,026
  • Sep 14, 2015 12:33am Sep 14, 2015 12:33am
Ok, since u say fti uses Elliot wave and still believe so, Conclusion is u have rich imagination or u not read thread. There is difference between reading and going thru the motion reading.

since u mention ltcm is non of ur business, then why u mention them in the first place and say they used TA mechanically ? U r putting words in other plp mouth. Mind ur steps.
THE ALL is MIND; The Universe is Mental
  • #53,027
  • Sep 14, 2015 2:21am Sep 14, 2015 2:21am
Quoting fti
Soory my friends, i need to disengage for alittle. Had a close call last week. Luckly my GTN couple asprins and the trusty oxy compressor pulled me thru. please excuse for my incapacity. regards masterful work. https://www.youtube.com/watch?v=XLSOWrZy6xs


fti
-be careful about what you allow to be put in your mind-
  • #53,028
  • Sep 14, 2015 7:50am Sep 14, 2015 7:50am
Quoting fti
Soory my friends, i need to disengage for alittle. Had a close call last week. Luckly my GTN couple asprins and the trusty oxy compressor pulled me thru. please excuse for my incapacity. regards masterful work. https://www.youtube.com/watch?v=XLSOWrZy6xs
take care my fren and god bless
THE ALL is MIND; The Universe is Mental
  • #53,029
  • Sep 14, 2015 8:56am Sep 14, 2015 8:56am
Quoting phil13
{quote} fti


Inserted Video


regards
  • #53,030
  • Sep 14, 2015 9:20am Sep 14, 2015 9:20am
Quoting fti
{quote} https://www.youtube.com/watch?v=V5OcazOyDbc regards
master, do you live in singapore?
if I go to singapore can I meet you personally live? thanks
we don't predict, we only ride
  • #53,031
  • Sep 14, 2015 10:58am Sep 14, 2015 10:58am
[quote=Jacque;8486704]Ok, since u say fti uses Elliot wave and still believe so, Conclusion is u have rich imagination or u not read thread. There is difference between reading and going thru the motion reading.

Please explain the difference between reading and going thru the motion reading.
U don't think fti using Elliot wave ? He discussed it in one of his post

rt15
  • #53,032
  • Sep 14, 2015 11:07am Sep 14, 2015 11:07am
Quoting fti
Soory my friends, i need to disengage for alittle. Had a close call last week. Luckly my GTN couple asprins and the trusty oxy compressor pulled me thru. please excuse for my incapacity. regards masterful work. https://www.youtube.com/watch?v=XLSOWrZy6xs
Hi fti,
close call in trading ?
wow even the master has its scary moment

wish you well and healthy fti
you have deep pockets, health is the priority I guess :-)
enjoy life, take it easy :-)

rt15
  • #53,033
  • Sep 14, 2015 12:55pm Sep 14, 2015 12:55pm
Quoting cakrajaya
{quote} master, do you live in singapore? if I go to singapore can I meet you personally live? thanks

So sorry , now i living at foot hill of a mountain. Not in Sg, worked in sg.
Please excuse my handicap not allow me entertain any guest. Even family also have difficulty spend time with.
So sorry.
What you need is already on thread. You just need work very hard get the experience understand and internalise.
Is not difficult, only need lots perseverance and dedication , mostly to self.

regards
  • #53,034
  • Sep 14, 2015 12:58pm Sep 14, 2015 12:58pm
[quote=rt15;8488051]
Quoting Jacque
Ok, since u say fti uses Elliot wave and still believe so, Conclusion is u have rich imagination or u not read thread. There is difference between reading and going thru the motion reading. Please explain the difference between reading and going thru the motion reading. U don't think fti using Elliot wave ? He discussed it in one of his post rt15

yes jacque, elliot is one of my core tools.
Only i no pay attention to the mumbo jumbo that other elliot students created.
Esp the predictive stuff.

regards
  • #53,035
  • Sep 14, 2015 1:13pm Sep 14, 2015 1:13pm
Quoting fti
{quote} No had been easy off on trading. Had my 3rd heart attack. But seems i getting used to it already. This time GTN and asprins + oxygen got me thru. seems getting easier manage, i can PREDICT by the tell tale syntoms alredy. Only I cannot get cocky. Now listening easy music relaxing. Is very dang boring sleeping day in day out. regards Ps and no arguements with anyone. should be ok.
master,

sorry for personal question. you not yet out of smoking yet ?
  • #53,036
  • Sep 14, 2015 5:06pm Sep 14, 2015 5:06pm
[quote=fti;8488228]
Quoting rt15
{quote} yes jacque, elliot is one of my core tools. Only i no pay attention to the mumbo jumbo that other elliot students created. Esp the predictive stuff. regards
Heart attack ? wow it is indeed a close call
glad you are fine

Trading is easy ?
You are truly the 5% winner
Thanks for sharing your secret in this thread

I got your 3 rules of trading and one of your core tool, elliot
What other core TA tools do you use ?
Which TA are good for dancing ?
besides MM, AOW, and 3 kingdoms

I realized elliot, fractal, candle, S/R may help us dance
but not MACD or Stoch

It may all be hidden in the 50k posts
so many posts :-)

Have a safe, healthy, and joyfull life fti....

rt15
  • #53,037
  • Sep 14, 2015 6:59pm Sep 14, 2015 6:59pm
[quote=fti;8488228]
Quoting rt15
{quote} yes jacque, elliot is one of my core tools. Only i no pay attention to the mumbo jumbo that other elliot students created. Esp the predictive stuff. regards
hi fti, tks for your input. but in a slight unfortunate way, it brought a premature end to what i was trying to suss out from rt15. i was hoping he will do his homework and point out the below post on what you had to say on elliot wave. this post appears as pg65 on my setting, likely to have appeared on his read to pg100 as he claims. and is also very simple to find iif he did a search.

http://www.forexfactory.com/showthre...ot#post1834759

from his line of questioning, i got a little doubt as to whether he was looking for that holy grail method predictive stuff or did he read thread. my view as that he imposed the TA tools you mentioned on that famous chart. somehow fractals also came in from nowhere. my understanding is that the selling/buying while in battle is a dance and feeling the pulse. TA becomes secondary after using it for first glance analysis. i didnt think he got that. hence my line of questioning to him.
THE ALL is MIND; The Universe is Mental
  • #53,038
  • Sep 14, 2015 8:45pm Sep 14, 2015 8:45pm
[quote=rt15;8488490]
Quoting fti
{quote} Heart attack ? wow it is indeed a close call glad you are fine Trading is easy ? You are truly the 5% winner Thanks for sharing your secret in this thread I got your 3 rules of trading and one of your core tool, elliot What other core TA tools do you use ? Which TA are good for dancing ? besides MM, AOW, and 3 kingdoms I realized elliot, fractal, candle, S/R may help us dance but not MACD or Stoch It may all be hidden in the 50k posts so many posts :-) Have a safe, healthy, and joyfull life fti.... rt15
Hi rt15,I think jacque ia right, I think you have missed out a lot of things, in the initial pages, there were afew suggested readings that you should definitely read, because if u did read them u won't be asking about indicators anymore, like the topping and bottoming formations and such, because mm, aow, 3 kingdoms won't save u if u can't read the markets, as u will just end up doing the wrong things at the wrong time
  • #53,039
  • Sep 14, 2015 8:46pm Sep 14, 2015 8:46pm
Chief,

hope you are feeling better. pray for ur recovery.

V
  • #53,040
  • Sep 14, 2015 8:56pm Sep 14, 2015 8:56pm
Quoting fti
Soory my friends, i need to disengage for alittle. Had a close call last week. Luckly my GTN couple asprins and the trusty oxy compressor pulled me thru. please excuse for my incapacity. regards masterful work. https://www.youtube.com/watch?v=XLSOWrZy6xs
Take care, fti
16 traders viewing now