Technical Analysis Fallacy | Page 2709 | 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

  • #54,161
  • Edited 9:49am Mar 15, 2016 9:14am | Edited 9:49am
anyway.
wah bad hunting? animals blanketed? just to get 1 scout?

get in your foxhole. its not 4th july.

Inserted Video
  • #54,162
  • Mar 15, 2016 10:00am Mar 15, 2016 10:00am
Quoting fti
{quote} wahif i trade today i fatt datt. nonono back to retarded. you are aged risk. regards {image}
I keep reading this and keep not understanding. Could you elaborate?
  • #54,163
  • Mar 15, 2016 10:22am Mar 15, 2016 10:22am
Quoting fti
anyway. wah bad hunting? animals blanketed? just to get 1 scout? get in your foxhole. its not 4th july. https://www.youtube.com/watch?v=nc0BtEBO86I
surrender
don't predict direction, but dance with flow of water
  • #54,164
  • Mar 15, 2016 8:28pm Mar 15, 2016 8:28pm
Quoting NoDak64
{quote} I keep reading this and keep not understanding. Could you elaborate?
I think, what he meant was if he traded on that day he would have prosper. hahah

fatt datt = prosper

it's Cantonese if i am not mistaken.


Regards
Fall in love with the process, and the outcome takes care of itself.
  • #54,165
  • Mar 15, 2016 8:54pm Mar 15, 2016 8:54pm
Quoting RelaxRay
{quote} I think, what he meant was if he traded on that day he would have prosper. hahah fatt datt = prosper it's Cantonese if i am not mistaken. Regards
Thanks for the clarification.
  • #54,166
  • Edited 6:10am Mar 16, 2016 5:43am | Edited 6:10am
Quoting NoDak64
{quote} I keep reading this and keep not understanding. Could you elaborate?
oh just small pat on my back.
i was seeing the sneeky buyer last session.
this session sure i put buy scouts out.
they played into my hands.
so i would had made a bomb.
But mom says no trading.
No sexy girl friends.
Life becomes very dull.
i have choice, dull and live , or boogie and dies.

Is ok i just watch you people battle.
Don't think can get orgasm from watching though. Only some cheerleading.

口說蘭帕賞AI YAA
regards

Inserted Video
Attached Image
  • #54,167
  • Mar 16, 2016 6:14am Mar 16, 2016 6:14am
hahaha back in olden room days.
any dealer without position opens mouth i send toilet commission.
ok fti toilet please.

oh no worries, not cleaning.
just toilet think tank.
we have janitors.
don't want job losses in the economy now, do we?


regards
  • #54,168
  • Mar 16, 2016 8:00am Mar 16, 2016 8:00am
http://www.wired.com/2016/03/googles...ius-lee-sedol/


http://www.learning-mind.com/plato-a...y-of-the-cave/
THE ALL is MIND; The Universe is Mental
  • #54,169
  • Mar 16, 2016 9:20am Mar 16, 2016 9:20am
Had to cut short today. I have been suckering myself into trading breakouts here and there so before trading today I told myself I wont do that, I will try to buy low and sell high. When it was calm things went pretty well. Lost my footing a bit after news. I was rereading notes and I think tomorrow may try the exercise of splitting​ scout 20 times and trying to be profitable on 20 trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Day 4.png Size: 52 KB
  • #54,170
  • Edited 11:43am Mar 16, 2016 11:09am | Edited 11:43am
Quoting Jacque
http://www.learning-mind.com/plato-a...y-of-the-cave/
yayaya.
Life is not a GAME?
where is arthurs kinghts of the lound table located?
Guess where all the warlords meeting?
pass the ketchap please.
eeeer can i see you cave membership card?
no card no ketchap.


Inserted Video


Inserted Video


Inserted Video


Inserted Video


regards
  • #54,171
  • Mar 16, 2016 11:53am Mar 16, 2016 11:53am
Quoting fti
{quote} oh just small pat on my back. i was seeing the sneeky buyer last session. this session sure i put buy scouts out. they played into my hands. so i would had made a bomb. But mom says no trading. No sexy girl friends. Life becomes very dull. i have choice, dull and live , or boogie and dies. Is ok i just watch you people battle. Don't think can get orgasm from watching though. Only some cheerleading. 口說蘭帕賞AI YAA regards https://www.youtube.com/watch?v=e73btaVo868 {image}
I see this duck some time ago
don't predict direction, but dance with flow of water
  • #54,172
  • Edited Mar 17, 2016 4:38am Mar 16, 2016 11:59am | Edited Mar 17, 2016 4:38am
Quoting priceaction1
{quote} I see this duck some time ago
hahahaha sitting duck?

http://assets.nydailynews.com/polopo...0/hongkong.jpg


葡萄酸
Inserted Video
  • #54,173
  • Edited 5:51am Mar 17, 2016 4:35am | Edited 5:51am
Quoting NoDak64
Had to cut short today. I have been suckering myself into trading breakouts here and there so before trading today I told myself I wont do that, I will try to buy low and sell high. When it was calm things went pretty well. Lost my footing a bit after news. I was rereading notes and I think tomorrow may try the exercise of splitting​ scout 20 times and trying to be profitable on 20 trades. {image}
I used to get news affected - messed with my brain (still does ... have to fight it) - mind affected then staying out is best... need to be calm and composed to trade well.

When you rushed long after news look at terrain the move is in ... what happened just before and what happens after you got in - look at strong push south after duck hunt (how many candles how strong is push south) then more bumpy push north (how many candles what distance did they travel) - then wham sellers came in.... in push long you must have felt kick in gut when they turned south.......... if we react to every push and shove will be a pig I think. We must be followers not leaders.... hard for me to remember sometime ..(even though I'm the lady). Took a while for that long to come good (see daily).



Thanks for the charts.

Regards
check out the terrain - follow never lead
  • #54,174
  • Edited 7:39am Mar 17, 2016 6:08am | Edited 7:39am
Inserted Video


Inserted Video


Inserted Video


Inserted Video
  • #54,175
  • Mar 17, 2016 8:04am Mar 17, 2016 8:04am
Quoting alexandria
{quote} I used to get news affected - messed with my brain (still does ... have to fight it) - mind affected then staying out is best... need to be calm and composed to trade well. When you rushed long after news look at terrain the move is in ... what happened just before and what happens after you got in - look at strong push south after duck hunt (how many candles how strong is push south) then more bumpy push north (how many candles what distance did they travel) - then wham sellers came in.... in push long you must have felt kick in gut when...

Good post thanks, It is a challenge not to try and "ride the gravy train" Greed scorpion. I was also looking at levels established pre news when most likely that was big boys getting out of market rather than getting in it. Need to keep changing landscape in mind.
Regards
  • #54,176
  • Mar 17, 2016 9:03am Mar 17, 2016 9:03am
Quoting NoDak64
{quote} Good post thanks, It is a challenge not to try and "ride the gravy train" Greed scorpion. I was also looking at levels established pre news when most likely that was big boys getting out of market rather than getting in it. Need to keep changing landscape in mind. Regards
No probs.......I used to look at HTF levels as VIP and they did nothing but get in the way mentally.........FTI says somewhere about levels - it is only important how she dances it there- so I try to stick with that thought and not predict what price will do........of course in ranges the range levels are important so kinda hard to explain what I do.......just do not get hung up on them I guess... also after we are in trade we need to check out what PA does next and change if PA tells us we are wrong else fight our way out of it later maybe or whatever..... it is ever evolving story - AOW - lots of calculations and planning required.

My attack is still not the best so still working on it - so interested to see how you get on with that... I like your calm style - your charts feel calm to me.


Alex
check out the terrain - follow never lead
  • #54,177
  • Mar 17, 2016 9:36am Mar 17, 2016 9:36am
Quoting alexandria
{quote} No probs.......Imaybe or whatever..... it is ever evolving story - AOW - lots of calculations and planning required. My attack is still not the best so still working on it - so interested to see how you get on with that... I like your calm style - your charts feel calm to me. Alex
Thank you

The munchkins refused to go to sleep last night so Day 4 was a short trading day for me, Wish I was up for nice London trend.

FTI I was wondering how you would have saw this chart. When the 8 pip gap happened I had no idea if was big big buyer or just no sellers. In my short time it seems to me price does funny things in the last 5 minutes of the hour. Would you have seen any significance in this? I remember you talking about Island Reversals but that is all I can remember of gaps.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: day 5.png Size: 24 KB
  • #54,178
  • Mar 17, 2016 9:58am Mar 17, 2016 9:58am
Hi NoDak64

there is no gap on my chart, maybe your broker had a data problem on the server??

if you look there will also be differences in some of the candles, this is like this with every broker i have found, i personally do not rely on the candles to trade, the movement is more reliable to trade i find. all these differences mean we are not all always looking at the same thing if analysing candles to trade.

regards

Phil.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 47 KB
-be careful about what you allow to be put in your mind-
  • #54,179
  • Mar 17, 2016 10:29am Mar 17, 2016 10:29am
Quoting phil13
Hi NoDak64 there is no gap on my chart, maybe your broker had a data problem on the server?? if you look there will also be differences in some of the candles, this is like this with every broker i have found, i personally do not rely on the candles to trade, the movement is more reliable to trade i find. all these differences mge}
Thank you Phil. Maybe I should find a tertiary price feed. I'm trading oanda but they always fill gaps so i have been charting from fxdd. I agree with the importance of movement but I have seen FTI reference GIGO (garbage in garbage out) in relation to poor charting before so I don't want to discount the importance of accurate charts
  • #54,180
  • Mar 17, 2016 10:31am Mar 17, 2016 10:31am
Quoting NoDak64
{quote} Thank you The munchkins refused to go to sleep last night so Day 4 was a short trading day for me, Wish I was up for nice London trend. FTI I was wondering how you would have saw this chart. When the 8 pip gap happened I had no idea if was big big buyer or just no sellers. In my short time it seems to me price does funny things in the last 5 minutes of the hour. Would you have seen any significance in this? I remember you talking about Island Reversals but that is all I can remember of gaps. Regards. {image}
Yeh ... no gap on mine and looks bit different..... I do use (sort of) candles even in m5 ..... I look at momentum push and pull and how many swings/candle closes get taken out and size of push/pull in candle... are candles getting larger/smaller/exhausting/rounding over/bottomingup ... and how they are forming... and what happens on next candles... not sure if it is right or wrong but working out so far. So at the high on my chart I saw attempt to push up fail (inside candle) then next candle closed thru swing high + 3 candles then they tried again to send it north and failed......I did not study closed candles for this but watched it live for feel. Also I do not like red/green candles on charts mines looks like Phil's (after some advice from him) as too emotional to see deep red or bright green running.
check out the terrain - follow never lead
45 traders viewing now