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Technical Analysis Fallacy

  • #54,181
  • Mar 17, 2016 11:07am Mar 17, 2016 11:07am
Hi NoDak64

I do not think there are any 'accurate' charts in retail fx, so whose charts are right??....... The banks ect use 4 digit charts (so look way different to ours) and we retail use 5 digits, the retail brokers control the piptits (5th digit) within the their spread (not ours that we see) and they all have their own stops/orders ect to hit, they are 'supposed' to be the same but the variables in things like all starting at exactly the same second and different server timings for the H4 chart alone means there will be differences without the 'bad' data feeds every now and again plus all the games they play.

Our lot is what it is with the charts we are offered...... Just be aware of these things or you may end up getting very frustrated with all the 'anomalies' in retail fx.

As Alex says (hi Alex) momentum and direction are good clues to the current flow. everyone who survives in this ends up finding their own way.

Regards

Phil.
-be careful about what you allow to be put in your mind-
  • #54,182
  • Mar 17, 2016 12:46pm Mar 17, 2016 12:46pm
thats why charts should not go micro. Feed becomes dangerous.

anyway some one beat capt to training a monkey fly helo.
hahahahahaha

can any one see this vid?

Inserted Video


regards
  • #54,183
  • Mar 17, 2016 12:56pm Mar 17, 2016 12:56pm
Hi fti

yes i can see the vid, can i have one to drive me home from the pub......

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #54,184
  • Edited 1:33pm Mar 17, 2016 1:02pm | Edited 1:33pm
Quoting phil13
Hi fti yes i can see the vid, can i have one to drive me home from the pub...... regards Phil.


hahahaha i'm also looking for one.
mine cannot even chariot a wheel chair yet.
will advice you when i find 1. For the moment you have to sleep on the sidewalk still.
try find a bed of roses, will be more comfortable.
I can lend you my poncho, thorns proof.

Inserted Video


regards

hahahaha i cannot even see my own postings.
"blocked a potential cross-site scripting (XSS) attempt"
"details have been logged to security"
  • #54,185
  • Mar 17, 2016 10:31pm Mar 17, 2016 10:31pm
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...
Hi, notice we are near the previous highs of the daily and weekly, and also, we are approaching Friday, and the weekends. If the highs are to be attacked, it needs ample preparation, it is possible that big players liquidate some exposure there, then liquidate the rest up there, or if it develops into a reversal, they liquidate the rest lower. About the charts, I would refer you to the first post, about WD gann's swing chart, u should see 3 swings on a swing chart, the small, intermediate timeframe And the major swing, so for a price action to be true, it should hold it's price, especially for breakouts. So I think you have to see the swings in relation to its previous swing in terms of speed, magnitude, and time, as well as if there are fundamental causes or sitting duck stops around. Support and resistance are a zone, so u do not need to be exact.
  • #54,186
  • Mar 18, 2016 2:30am Mar 18, 2016 2:30am
Quoting phil13
Hi fti yes i can see the vid, can i have one to drive me home from the pub...... regards Phil.
if im not mistaken, this is in manado, indonesia.
lol.

hi im new here, so first , I need read all the posts back , hope can learn much from you.

greetings
  • #54,187
  • Mar 18, 2016 3:27am Mar 18, 2016 3:27am
Hi slianto

welcome.

you need to read at least the first 200 pages, if your mind is open enough you will learn much...... good luck with your journey.

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #54,188
  • Mar 18, 2016 3:29am Mar 18, 2016 3:29am
Hi fti

yesterday i was also experiencing issues with this FF site with page not loading ect, maybe it was a problem on their side??

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #54,189
  • Mar 18, 2016 3:47am Mar 18, 2016 3:47am
Quoting phil13
Hi NoDak64 I do not think there are any 'accurate' charts in retail fx, so whose charts are right??.
Hi Phil...... hope you have been enjoying the sunshine...... not been on thread for a bit coz well you know..... ok now.

Alex
check out the terrain - follow never lead
  • #54,190
  • Mar 18, 2016 4:08am Mar 18, 2016 4:08am
Quoting alexandria
{quote} Hi Phil...... hope you have been enjoying the sunshine...... not been on thread for a bit coz well you know..... ok now. Alex
Hi Alex

good to see you here again, best wishes for that my friend .

stuck in my office trading while sun has been out the last few days ..... but the northerly winds take the edge off the sun, supposed to be getting some southerly's after next week end so will feel nice with the sun then.

starting to think about fishing and bbq's now....

regards

Phil.
-be careful about what you allow to be put in your mind-
  • #54,191
  • Mar 18, 2016 4:12am Mar 18, 2016 4:12am
Quoting phil13
{quote} Hi Alex good to see you here again, best wishes for that my friend . stuck in my office trading while sun has been out the last few days ..... but the northerly winds take the edge off the sun, supposed to be getting some southerly's after next week end so will feel nice with the sun then. starting to think about fishing and bbq's now.... regards Phil.
oooh some nice fish for me please on bbq.

Alex
check out the terrain - follow never lead
  • #54,192
  • Mar 18, 2016 4:37am Mar 18, 2016 4:37am
Quoting alexandria
{quote} oooh some nice fish for me please on bbq. Alex

Hi Alex

just for you some perno soaked peppered prawns...... yum yum .

regards

Phil.

Attached Image
-be careful about what you allow to be put in your mind-
  • #54,193
  • Mar 18, 2016 5:06am Mar 18, 2016 5:06am
Quoting phil13
{quote} Hi Alex just for you some perno soaked peppered prawns...... yum yum . regards Phil. {image}
Cheers mate...some soft shell crab too...bring on summer

Alex
check out the terrain - follow never lead
  • #54,194
  • Mar 18, 2016 8:30am Mar 18, 2016 8:30am
Quoting phil13
Hi NoDak64 I do not think there are any 'accurate' charts in retail fx, so whose charts are right??....... The banks ect use 4 digit charts (so look way different to ours) and we retail use 5 digits, the retail brokers control the piptits (5th digit) within the their spread (not ours that we see) and they all have their own stops/orders ect to hit, they are 'supposed' to be the same but the variables in things like all starting at exactly the same second and different server timings for the H4 chart alone means there will be differences without...


Quoting alexandria
{quote} 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...
Thanks guys. On the topic of push-pull and momentum, are either of you talking about how orders are consumed? Especially around critical areas, IE price ticks up slowly in small increments within a candle but moves quickly down in larger chunks which to my mind would show Large sellers patiently waiting for every last buyer. I am thinking now this may be an illusion because of these fake "piptits" and No large orders are actually moving the market such small amounts
  • #54,195
  • Mar 18, 2016 10:46am Mar 18, 2016 10:46am
Hi NoDak64

Momentum can be seen in candles, size and time taken for the pump/push, in the highs and lows (depending on which way the market is moving).

It is hard to explain so I have marked up the chart below in an effort to explain but be aware everyone sees things differently so this is just my current momentum view of this chart. It is for me about adding the clues up to form a picture of probability to trade, there is always a different set of circumstances to consider each day/hour/minute. You can also see that the top is rounding and has an SHS also the first pulse down was 41pips and second was 49pips (not marked this on the chart). I have disabled my trade positions that I have left and blanked the data panel.

A quick turn usually only happens on a news event, the rest of the time it can be seen as a process between the buyers/sellers and MM's, in the chart below a news event or big player suddenly entering the market could change the current flow at any time especially as some of the higher time frames for this pair are overall moving up ATM, this is why I scale in and out as the legs/waves/pumps of the move present themselves.

To get a true picture of what is going on we need to watch multiple pairs in the market, then you will see the sudden move/jerk of the bigger orders entering/leaving and which currency/s are on the move but that takes a while to get your head around so comes with experience as we progress on our journey.

One important thing to remember when you are looking at a chart in what ever way is the news will always override any analysis we may do.

Regards

Phil.

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-be careful about what you allow to be put in your mind-
  • #54,196
  • Mar 18, 2016 12:00pm Mar 18, 2016 12:00pm
Quoting phil13
{quote} Hi Alex just for you some perno soaked peppered prawns...... yum yum . regards Phil. {image}
looking good fren. you guys are having some nice prawn bbq.

i am also having a bbq. a brain bbq.
THE ALL is MIND; The Universe is Mental
  • #54,197
  • Mar 18, 2016 3:47pm Mar 18, 2016 3:47pm
Quoting Jacque
{quote} looking good fren. you guys are having some nice prawn bbq. i am also having a bbq. a brain bbq.

Hi Jacque

ah... my friend...ward 13........

regards

Phil.

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-be careful about what you allow to be put in your mind-
  • #54,198
  • Mar 18, 2016 4:18pm Mar 18, 2016 4:18pm
Quoting phil13
Hi NoDak64 Momentum can be seen in candles, size and time taken for the pump/push, in the highs and lows (depending on which way the market is moving). It is hard to explain so I have marked up the chart below in an effort to explain but be aware everyone sees things differently so this is just my current momentum view of this chart. It is for me about adding the clues up to form a picture of probability to trade, there is always a different set of circumstances to consider each day/hour/minute. You can also see that the top is rounding and has...
I like the way you view momentum. The bits On news are really hitting home with me as well. I feel like even when there has been no news or anything up coming I'm waiting for these huge 100 pip candles to catch and that's just the wrong way to look at it. I keep wanting to flip my bias when it's unnecessary. Even knowing that these scorpions will be there ahead of time it's amazing how a small breakout can catch me so off guard. Chart time chart time and more chart time would seem to be the fix. Its also getting challenging to keep going on the thread. Pages 750 to about 850 are crazy Gann theories and arguments with leonlorenzo. There have been good bits sprinkled in though so I want to finish it.
  • #54,199
  • Mar 19, 2016 3:47am Mar 19, 2016 3:47am
Quoting phil13
{quote} Hi Jacque ah... my friend...ward 13........ regards Phil. {image}
okok, no get scared

is my brain that is being bbq to study for an exam. on overdrive mode so i didnt have much time for myself to smell the roses
THE ALL is MIND; The Universe is Mental
  • #54,200
  • Edited 8:04am Mar 19, 2016 7:03am | Edited 8:04am
ahhhhh hahahaha
1 time in my life scratching my head.

1 my good friend came seeking advice.
gave me a document to read.
My 1st respond to him.
"Who wrote this. I have grave difficulty reading.
keep needing check translator."

Oh 1 my boys. he replied.
"I know as a fact that you are a good manager. Do you like employ lazy people work for you? i asked"

he replied "ya i know you have a hangup about the 減筆字. But you know la, go with the flow. Now they have the ships and the $$$. We are old and no have bullets."

dang prostitute.

hahahaha smeels roses? also scared??
Inserted Video


regards
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