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Technical Analysis Fallacy

  • #54,761
  • Jun 15, 2016 12:22am Jun 15, 2016 12:22am
Quoting fti
{quote} count wave 1, abc 2 If 2 no impluse then is 1 abc ABC, thats a flat. if 2 abc flats is a double zigzag. otherwise if wave expand out of envelop then is assasin. Think waveforms. you already understand hiplops? whats the point in recognising the waves. trade the dang waves. You probably not know strategies? no one will spoonfeed you, get some trade experience and use your brains.. eeeer pls stop counting the waves, thatsphyco peeps. trade and strategise the waves, and i don't want hear that sometimes you gets it wrong. for me when i am wrong...
I read through the thread but I never understood the wave counting part, so correct me if I'm wrong, the first 2 on the left is conveying a nice well behaved momentum market with 1 sided strength, so fading the pullback is the desired move after the ab manifested but swing strength looks weak and feels like someone selling into the rally so we sell along with them into the stops, the middle is indicating both sides equal strength till any new info comes into the picture, so trading both sides is ok, while the rightmost indicates perhaps urgent change in trend, and form the most contentious grounds, if caught out of position robust mm is required? As in the value in this is understanding when this forms, where are the losing traders caught out of position and we just wait for the climax move to come in and accumulate our position when the market begins its turning process. I thought we are concerned only with the general form and momentum of each swing to feel big boys inclination, and see where retail is putting stops so we begin our scout at those locations, where mm is hunting stops and after the stop cluster trigger stops its cascade we start entering positions and can feel like mm is getting accumulating their positions
  • #54,762
  • Edited 4:13am Jun 15, 2016 2:22am | Edited 4:13am
Quoting CookieMonsta
{quote} I read through the thread but I never understood the wave counting part, so correct me if I'm wrong, the first 2 on the left is conveying a nice well behaved momentum market with 1 sided strength, so fading the pullback is the desired move after the ab manifested but swing strength looks weak and feels like someone selling into the rally so we sell along with them into the stops, the middle is indicating both sides equal strength till any new info comes into the picture, so trading both sides is ok, while the rightmost indicates perhaps...

Big boys?
why you think you can follow the big boys?
You just be very careful when you detected your trade counterparty big boy name only.

Its the sma;l boys, when they run out of margins, their swings of desperation is fierce.
I dectect your ducks i will tell whole world, i have position and i put my ducks here.
first all my enemies start mobilise, then every one also join the party. BUT guess who already well placed trigger own stops.
You think traders are gentlemen? wait till you see them at buffets. worst than chonese tourist?
you won't believe what i saw million$ traders did.
Anyway in battle field, i like to ask you, is the strong die or the weak?
here a knife, there's a gun battle ahead.


Big Boys, we only tell you what we want you to know.
so that we can take profit on you when you come.
When peeps sounds too intelligent and accurate, then i start ponder, need pack for virtual reality carpet ride?
I cannot remember the name of the song. when i remember i post later.

regards


eeeer we ready to go?
where are you taking me?
gogogo ,,, oooi thats a cliff, and you are not driving an airprane. hahahaha
Inserted Video


eeeeer you can train yourself be like the best.
or you can train yourself die like the rest.
Your Choice.

Apply for what , They don't choose me, i choose them.
i forgot. ok after the deal is ok, then i applys. yayaya i apply.
ya is the BOSS. eeeer where's the polish?
nearly let the bosses lost face. my badd

okok put florsheim here. Toe polishing service, eeeer sorry no have.
  • #54,763
  • Edited 5:31am Jun 15, 2016 5:08am | Edited 5:31am
Quoting fti
{quote} Big boys? why you think you can follow the big boys? You just be very careful when you detected your trade counterparty big boy name only. Its the sma;l boys, when they run out of margins, their swings of desperation is fierce. I dectect your ducks i will tell whole world, i have position and i put my ducks here. first all my enemies start mobilise, then every one also join the...
I'm. curious abt 1 thing, I want to know how u perceive I would use the information given by the big boys.
  • #54,764
  • Jun 15, 2016 5:28am Jun 15, 2016 5:28am
The technical indicators only show lagging, historical data. They cannot influence the outcome. I have this doubt in mind since I started trading Forex.
  • #54,765
  • Jun 15, 2016 5:53am Jun 15, 2016 5:53am
Quoting CookieMonsta
{quote} I'm. curious abt 1 thing, I want to know how u perceive I would use the information given by the big boys.
very well, i would think.until hensel and gretal lift up the head.ooops where didi the cage come from. regards
  • #54,766
  • Edited 7:11am Jun 15, 2016 6:07am | Edited 7:11am
Quoting fti
{quote} very well, i would think.until hensel and gretal lift up the head.ooops where didi the cage come from. regards
That's not how I perceive the information and employ the information, it's what they say, compared to what they did not say but do that tells me their real position, think insider trading information manipulation, like buy the rumour sell the news, in this case I'm looking at the news to see if impulse downwards is coming in, or distribution or some kind of pullback met with strong selling. that would be looking at the breadcrumbs, and that is how retail who are not taught the true nature of the markets think, maybe the right way is to look at is hensel and gretal, by figuring how and when is the cage dropped on them.
  • #54,767
  • Edited 7:52am Jun 15, 2016 7:41am | Edited 7:52am
Quoting CookieMonsta
{quote} That's not how I perceive the information and employ the information, it's what they say, compared to what they did not say but do that tells me their real position, think insider trading information manipulation, like buy the rumour sell the news, in this case I'm looking at the news to see if impulse downwards is coming in, or distribution or some kind of pullback met with strong selling. that would be looking at the breadcrumbs, and that is how retail who are not taught the true nature of the markets think, maybe the right way is to look...
eeeer whatever you doing.
if you pee is exceeding 50% and you max draw down is read +-3% you should be alright.

If you want emulate me, be prepared buy walking stick. and buy me cham regularly.

https://en.wikipedia.org/wiki/Yuanyang_%28drink%29
regards
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  • #54,768
  • Jun 15, 2016 8:04am Jun 15, 2016 8:04am
Quoting fti
{quote} eeeer whatever you doing. if you pee is exceeding 50% and you max draw down is read +-3% you should be alright. If you want emulate me, be prepared buy walking stick. and buy me cham regularly. https://en.wikipedia.org/wiki/Yuanyang_%28drink%29 regards {image}
hail yez chief master, protect and reserve capital power. great thanks
the gambler
the devils apprentice Return Today: na
  • #54,769
  • Edited 9:40pm Jun 15, 2016 8:18am | Edited 9:40pm
Quoting fti
{quote} eeeer whatever you doing. if you pee is exceeding 50% and you max draw down is read +-3% you should be alright. If you want emulate me, be prepared buy walking stick. and buy me cham regularly. https://en.wikipedia.org/wiki/Yuanyang_%28drink%29 regards {image}
thank you, 2 books of 2 other methods i restarted 2 weeks ago, both up 10-15% overall, in the period of 2 weeks

i realized that what works for you may not be suitable for me, what i need to do is understand my own innate ability and stretch that more and expand on that, and that would mean a drastic difference in mo.

wah the caffeine in that is really high, what about some yuan yang and char side po lo bun.

but non for me, i kind of stopped taking caffeine, although used to be addicted to it, because i find i can't sleep well after drinking caffeine, as caffeine stimulates the adrenals too much and if body is consistently in high adrenaline state, it cannot go into deep sleep and stays in shallow sleep and cannot begin recovery.
  • #54,770
  • Edited 12:53am Jun 16, 2016 12:10am | Edited 12:53am
Quoting CookieMonsta
{quote} thank you, 2 books of 2 other methods i restarted 2 weeks ago, both up 10-15% overall, in the period of 2 weeks i realized that what works for you may not be suitable for me, what i need to do is understand my own innate ability and stretch that more and expand on that, and that would mean a drastic difference in mo. wah the caffeine in that is really high, what about some yuan yang and char side po lo bun. but non for me, i kind of stopped taking caffeine, although used to be addicted to it, because i find i can't sleep well after drinking...

Ahhhhh ya, ying yang bun.
take the bum , scrape clean clean the char, i side spread kaya, other side buah Gu Yieu/butter.
sleep well?
I remember my boys, after every buah gu yiu session, performance improves.

ai ya the song i keep cannot remember, it came to me this morning. hahahahaha
Dog song.

Inserted Video


regards
  • #54,771
  • Edited 8:20am Jun 16, 2016 12:14am | Edited 8:20am
#54753 fti
#54761 CookieMonsta
#54762 fti

Trade and strategize the waves...
Excellent posts, my friends. Great work.
It took me 6 years of hard work through Dow, Livermore, Gann, Dunnigan, Wyckoff, Donchian, Wilder up to Linda Raschke and Bill Williams
to discover and understand those dynamics.
Yes, the whole history of Swing Trading is inside your words.
Thanks fti for your lessons, suggestions, clues... and thanks to all the contributors to this thread.

W. D. Gann -
-Remember that... the harder you work, the more knowledge you will get, and the more profits you will make!
-To succeed, hope and fear must be eliminated, and the only way to eliminate these two impostors is to get as much knowledge as you can.
  • #54,772
  • Jun 16, 2016 12:38am Jun 16, 2016 12:38am
Quoting Jupiter
#54753 fti #54761 CookieMonsta #54762 fti Trade and strategize the waves... Excellent posts, my friends. Great work. It took 6 years of hard work through Dow, Livermore, Gann, Dunnigan, Wyckoff, Donchian, Wilder up to Linda Raschke and Bill Williams to discover and understand those dynamics. Yes, the whole history of Swing Trading is inside your words. Thanks fti for your lessons, suggestions, clues... and thanks to all the contributors to this thread. W. D. Gann - -Remember that... the harder you work, the more knowledge you will get, and the more...



eeer swing trading?
you mean knight rider pregnant charts?

lightbulb moment huh.
may you light bulb show you 1000 paths.

regards

I discovered 7000 ways that a bulb will not light up.
Found 1 way.............................................................i cannot remember which idiot said it.
  • #54,773
  • Edited 1:29am Jun 16, 2016 1:02am | Edited 1:29am
the knightrider charts, they used to call it profile charts for swing trading.
I simply calls it tits.
only price is plotted, time is of no consequence.
is plotted price/frquency.

the supports keeps changing.
when the bra( base rate of acceleration) changes.
depending on the mean.
mostly swing traders watch the change in direction of the tit/ tip.

regards
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  • #54,774
  • Jun 16, 2016 1:45am Jun 16, 2016 1:45am
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Inserted Video


regards
  • #54,775
  • Edited 2:13am Jun 16, 2016 1:49am | Edited 2:13am
Sir, you are seriously testing my poor English... LOL.

Tried that way (Market Profile, I mean) but in the end too complicated to me.
I retained in my Mental Road Map the "Type of Days" description only.

Nowadays I am concentrating in trying to understand the classic swing charts and their evolution... (old school / back to the future)
I wish I could talk with you about charting techniques and time factor...
But I dare say that I have not enough English to do that.

About light bulbs and paths... unfortunately I have found only one answer...
Even with some knowledge, the mechanics of real trading are pure killers!
Market has no mercy. Just one mistake and you are dead. Full stop.
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  • #54,776
  • Jun 16, 2016 7:28am Jun 16, 2016 7:28am
Quoting fti
{quote} Ahhhhh ya, ying yang bun. take the bum , scrape clean clean the char, i side spread kaya, other side buah Gu Yieu/butter. sleep well? I remember my boys, after every buah gu yiu session, performance improves. ai ya the song i keep cannot remember, it came to me this morning. hahahahaha Dog song. https://www.youtube.com/watch?v=geVYIHOat5o regards
so, ya kun kaya toast with half boiled egg set?
the butter must be hard so can melt in your mouth

ya, but cannot push till burnt out if not, mind get burnt is really end of the road, money loss, can be made back, mind burnt out, can only hope to recover, so i not going down that road.
  • #54,777
  • Edited 8:58am Jun 16, 2016 8:38am | Edited 8:58am
Quoting Jupiter
Sir, you are seriously testing my poor English... LOL. Tried that way (Market Profile, I mean) but in the end too complicated to me. I retained in my Mental Road Map the "Type of Days" description only. Nowadays I am concentrating in trying to understand the classic swing charts and their evolution... (old school / back to the future) I wish I could talk with you about charting techniques and time factor... But I dare say that I have not enough English to do that. About light bulbs and paths... unfortunately I have found only one answer... Even...
ahhh market maker step charts.
i call this fingers charting system.
see middle finger , turn the book.
but need big book to be profitable. unless a filter of X steps imposed on chart.
Then it becomes point & figuring.


regards
  • #54,778
  • Jun 16, 2016 9:05am Jun 16, 2016 9:05am
Quoting CookieMonsta
{quote} so, ya kun kaya toast with half boiled egg set? the butter must be hard so can melt in your mouth ya, but cannot push till burnt out if not, mind get burnt is really end of the road, money loss, can be made back, mind burnt out, can only hope to recover, so i not going down that road.
wah full course breakfast. 2 half boiled eggs please.
otherwise buah gu yieu again.
buah gu yieu you want melt in the mouth, is very demanding leh.


okok no mind burnt, watch the loti hor.

regards
  • #54,779
  • Jun 16, 2016 9:13am Jun 16, 2016 9:13am
Quoting fti
{quote} count wave 1, abc 2 If 2 no impluse then is 1 abc ABC, thats a flat. if 2 abc flats is a double zigzag. otherwise if wave expand out of envelop then is assasin. Think waveforms. you already understand hiplops? whats the point in recognising the waves. trade the dang waves. You probably not know strategies? no one will spoonfeed you, get some trade experience and use your brains.. eeeer pls stop counting the waves, thatsphyco peeps. trade and strategise the waves, and i don't want hear that sometimes you gets it wrong. for me when i am wrong...
i never look for free lunches.
all my lunches are hard earned in every area of life.
and i always babysit.
i will keep learning.

if i understand right, hip and lops are reversal points.
havent found much info on it, but i observe that reversal price patterns occuring on the daily usually play themselves out, especially if the same reversal pattern occurs on all the major pairs at the same time, indicating that USD strength is indeed reversing.

for strategies, i think it is a metagame.
where the stops / ducks are , are where the stop cascades will begin.
so reverse the game and play to the stops.

always learning.
  • #54,780
  • Jun 16, 2016 9:21am Jun 16, 2016 9:21am
Middle finger chart is great...! So appropriate.

Filtering. Yes, great point, as usual. And great matter of study and research, as you know.
Livermore in number of points...
Gann in numbers of days (candles) and/or in number of points, as well.
I read his private pay-courses... (well, what I found of them) and it was a pleasure.
His suggestion was for an event driven chart (filtered swing) for the main trend and/plus, separately, a time driven chart (daily Hi-Lo) for the now trend.
Livermore in pure breakout style...
Gann with double start: point of swing (2 or 3 days) and breakout...
IMHO, my 2 cent... the answer is there: clear rules for determining trend, slope and S/R.
"Peaks and Troughs", to make a long story short. That's the FLow. Facts and not opinions.
I'm so curious about the W.Wilder's studies...
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