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Technical Analysis Fallacy

  • #55,701
  • Sep 12, 2016 2:43am Sep 12, 2016 2:43am
Quoting Jupiter
I wrote. Yes and IMHO... and your personal style. 10.402.75 holds the first reaction. And we can have music... with message inside! Like fti does! John Petrucci improvises on a known line. He is playing into the Zone... Great pro! Great technique! As a trader must do! Preplanned Sequences (study, study, study) and Extemporaneous responses. fti's teachings. https://www.youtube.com/watch?v=hJ9WB4l-yWU
Petrucci is the man
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #55,702
  • Sep 12, 2016 3:46am Sep 12, 2016 3:46am
Quoting Jupiter
I wrote. Yes and IMHO... and your personal style. 10.402.75 holds the first reaction. And we can have music... with message inside! Like fti does! John Petrucci improvises on a known line. He is playing into the Zone... Great pro! Great technique! As a trader must do! Preplanned Sequences (study, study, study) and Extemporaneous responses. fti's teachings. https://www.youtube.com/watch?v=hJ9WB4l-yWU


regards
  • #55,703
  • Sep 12, 2016 4:15am Sep 12, 2016 4:15am
Quoting CookieMonsta
{quote} no mobile bars as fti has mentioned, ducks there and they no mobile for very long, maybe indicative of distribution, can deploy 1x scout inside the range itself, and this took many days to form, so if impulse develop to downside, it might be pretty strong. some of the examples fti shown before indicated duck hunting, and when they can be indicative of distribution. duck hunting itself has many forms, the sharp thrust, and the slow bob, the slow bob are the ones offer good entries for position building in preparation for the strong thust,...
this one feels odd to me, i think the one is flat top according to gann(truth of stock tape), and flat for very long, since july, i think it really is about rate hike, TLT is symmetric triangle to gap down, is something cooking here? word on the ground is rate hike is making them very nervous, not sure if something is starting. though i can't say for sure, since im not familiar with equities and money markets and how they move. but if the rate hike is in play, we should see the currencies move too.

SPX @ 2120 should provide us some clues, might be best to wait for abit, though this would mean short scalps are the default mo to handle such markets till market present itself.
  • #55,704
  • Edited 4:39am Sep 12, 2016 4:26am | Edited 4:39am
Quoting CookieMonsta
{quote} this one feels odd to me, i think the one is flat top according to gann(truth of stock tape), and flat for very long, since july, i think it really is about rate hike, TLT is symmetric triangle to gap down, is something cooking here? word on the ground is rate hike is making them very nervous, not sure if something is starting. though i can't say for sure, since im not familiar with equities and money markets and how they move. but if the rate hike is in play, we should see the currencies move too. SPX @ 2120 should provide us some clues,...
rates hike 1st impact will be debt papers.
how much is factored in, depends on the squaring of exposures.
so far only begining see thining markets.

impact factor is unknown.
no guessing and keep watching , from sidelines. scout here scout there.
everyone is mostly already knows.
what the markets status, we still need to uncover.
timing mostly.

charts telling volitility will increase.
depth and impluse unknown do not panic chase yet.

watch the fed watchers. watch theri reporting and reaction to the reports.
This the time windows , where fed actions are expected.

Have or no have , million dollar question.


regards
  • #55,705
  • Sep 12, 2016 4:33am Sep 12, 2016 4:33am
Dax H1...
Devil's Lawyer reasonament.
Tell me why I have to ask something else to myself!
Friendly conversation... collective growth... quickly writing...
We are sitting on the point of decision... IMHO. "what the markets status, we still need to uncover." as fti said...
I'm trading in the now... I mean.
Line is a 200 sma that all the world on equities follows for analysis... etc etc
They are measuring the forces.
Attached Image (click to enlarge)
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  • #55,706
  • Sep 12, 2016 4:43am Sep 12, 2016 4:43am
Quoting Jupiter
Dax H1... Devil's Lawyer reasonament. Tell me why I have to ask something else to myself! Friendly conversation... collective growth... quickly writing... We are sitting on the point of decision... IMHO. "what the markets status, we still need to uncover." as fti said... I'm trading in the now... I mean. Line is a 200 sma that all the world on equities follows for analysis... etc etc They are measuring the forces. {image}
interesting
bull still hiding, keep searching.
no signs yet.
battlefield begining to empty.

if still no see horns , will bears stampede?


regards
  • #55,707
  • Edited 5:01am Sep 12, 2016 4:44am | Edited 5:01am
Quoting fti
{quote} rates hike 1st impact will be debt papers. how much is factored in, depends on the squaring of exposures. so far only begining see thining markets. impact factor is unknown. no guessing and keep watching , from sidelines. scout here scout there. everyone is mostly already knows. what the markets status, we still need to uncover. timing mostly. charts telling volitility will increase. depth and impluse unknown do not panic chase yet. watch the fed watchers. regards
yep, would be an interesting event to see unfold, all eyes on them, though im thinking might be interesting to see how the other indexes across the world act, makes me wonder if where people would park their money. because if spx is down and tlt is down, then where is the money at? either they go into kong guan biscuit tin box, or shorter term money market, or they go into commodities or overseas, either that or its non event, everyone step right back into the market regain exposure, so maybe can check out oil, gold and probably china, as china after the initial crash may present value, compared to the europe and britain whose political situation is not so stable, so aud and nzd and cad might move too.

feels like maybe people prepping ammo while waiting for fed's action.
  • #55,708
  • Edited 5:03am Sep 12, 2016 4:49am | Edited 5:03am
Which lines (for Alex pleasure...)
do you think are they drowing in banks and funds right now before NY and WS?
(sometimes I prefer H1 to D1...)

I see an old bottom now... but what I know??? I follow... I wait... PEAK or VALLEY.
My scouts are just above 10.402.75.
They are playing cards and listening to some music....
  • #55,709
  • Sep 12, 2016 5:09am Sep 12, 2016 5:09am
Quoting CookieMonsta
{quote} yep, would be an interesting event to see unfold, all eyes on them, though im thinking might be interesting to see how the other indexes across the world act, makes me wonder if where people would park their money. because if spx is down and tlt is down, then where is the money at? either they go into kong guan biscuit tin box, or shorter term money market, or they go into commodities or overseas, either that or its non event, everyone step right back into the market regain exposure, so maybe can check out oil, gold and probably china, as...
you asking too many question that no have answers yet.
based on jupiter's chart the bulls are fat and slow bunch.
is a sellers market now. only question is chase or no chase.

i won't sell here, this is jupiter's profittaking zone .
scalping will be on short side., buying is no signs yet.

timing and no overstay.


regrads
  • #55,710
  • Sep 12, 2016 5:15am Sep 12, 2016 5:15am
Quoting fti
{quote} this is jupiter's profittaking zone .
As on friday...
same scheme...
I'm watching the Lows...
Bulls printed the third HL... on m5.
I'm ready to exit.
She want to pass? I shall see...
But am ready to follow down, as well.
  • #55,711
  • Sep 12, 2016 5:16am Sep 12, 2016 5:16am
Quoting fti
{quote} you asking too many question that no have answers yet. based on jupiter's chart the bulls are fat and slow bunch. is a sellers market now. only question is chase or no chase. i won't sell here, this is jupiter's profittaking zone . regrads
yep, when can ask question, means alerted to a possible opportunity now is to think of possible scenarios, and look for more clues to see how market is acting like, no have answers yet but got possibilities, now is just which scenario might unfold, this is the fun in trading

best is to not chase, simply wait for retrace then sell it when can't break high.
  • #55,712
  • Sep 12, 2016 5:28am Sep 12, 2016 5:28am
Sorry can only lurk today......but still here..........thanks so much for postings very generous.........

Alex
check out the terrain - follow never lead
  • #55,713
  • Sep 12, 2016 6:05am Sep 12, 2016 6:05am
Quoting Jupiter
Which lines (for Alex pleasure...) do you think are they drowing in banks and funds right now before NY and WS? (sometimes I prefer H1 to D1...) I see an old bottom now... but what I know??? I follow... I wait... PEAK or VALLEY. My scouts are just above 10.402.75. They are playing cards and listening to some music....
playing cards?


Inserted Video


regards
  • #55,714
  • Edited 8:29am Sep 12, 2016 7:25am | Edited 8:29am

Followed fti advice, this time.
Stop and reverse.
At the 3 rejection of 50.
Full force... in the resistance with the Bulls'
And rapid slowdown at 400...
Now waiting. NEUTRAL BIAS.
Resistance Holds.
Possibile Hidden Gap Up.
Waiting for the PB
405/410 not so easy to break
OK scale out
Only scouts in...
Think to square before WS.
If Bulls are pushed out of the Open Range.

Squared
We'll see... Good trading. Be safe
Attached Image
  • #55,715
  • Edited 9:01am Sep 12, 2016 8:37am | Edited 9:01am
Exactly from the balance line!!!
Conviction & Determination FAILED.
Waiting for the PB now.
We'll see if R holds again.
WS Big Boys they are artists... everyday... like that!
Attached Image
  • #55,716
  • Sep 12, 2016 9:07am Sep 12, 2016 9:07am
Quoting Jupiter
Exactly from the balance line!!! Conviction & Determination FAILED. Waiting for the PB now. We'll see if R holds again. WS Big Boys they are artists... everyday... like that! {image}
Wow...we had basically the same setup
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.png Size: 33 KB
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #55,717
  • Sep 12, 2016 9:58am Sep 12, 2016 9:58am
Quoting Jupiter
Exactly from the balance line!!! Conviction & Determination FAILED. Waiting for the PB now. We'll see if R holds again. WS Big Boys they are artists... everyday... like that! {image}
R should not hold.
They are trying cover the gap.

regards
  • #55,718
  • Sep 12, 2016 10:01am Sep 12, 2016 10:01am
Quoting michisuperfr
{quote} Wow...we had basically the same setup {image}
wave count wrong.
wave 4 is failure push. wave 4 failed.

seems in mid of wave 3

wave 4 is wrong because it took out your wave 1.
when curve fitting must foloow elliot wave original research.

How many extension you have from your body? 5
how many extension from hand 5.
how many extensions from foot. 5

wave 1 and wave 4 have working relationship conditions.

regards
  • #55,719
  • Sep 12, 2016 10:15am Sep 12, 2016 10:15am
Quoting fti
{quote} R should not hold. They are trying cover the gap. regards
...But 50%S/R of the open seems strong hurdle now. Another LH.
and 400 again... that low is the Support now....
  • #55,720
  • Edited 11:19am Sep 12, 2016 10:27am | Edited 11:19am
I delete because don't want stuff like that in public...
Maybe Michi is wounded...

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