Technical Analysis Fallacy | Page 2799 | 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

  • #55,961
  • Oct 1, 2016 4:14pm Oct 1, 2016 4:14pm
Quoting DeepBlue115
Hi friends, thanks for the reply and welcome Indeed there are many tricks that all the big money can employed. It is impossible to figure out all of them. We as a retail traders must use our advantage, the ability to be flexible and fight using guerilla tactics. ....Regards
agreed. except gorilla tactics.


There is not much advantages for retail trader, mostly disadvantages.
Flexibilty of mind and abilility to mobilise to capture situation is advantage, if you can do it.

There is no such thing as "guerilla tactics" in trading.
Mostly everything you do, some one can see.
But try move unnoticed. Stay under the radar and not be a target is wise.

regards
  • #55,962
  • Oct 1, 2016 4:22pm Oct 1, 2016 4:22pm
Quoting DeepBlue115
Hi friends,....In order to overcome the sometime deceiving chart pattern, it is beneficial not to apply any preconceived thought on any pattern. The basic example is when price is approaching double top or double bottom, I do not assume it will hold. Instead, I observe and see what the price action tell, and trade accordingly. I normally take note of previous major high/low, yesterday low/high, where the stop zone and limit zone are. Sometimes when there is a break of sell stop zone, price...
Rigidity of mindset is dangerous.

Chart patterns are never deceiving.
If there is deception , is actually YOUR mind.

Note: you said you do not preconceive.
Then you read the coloured words i highlighted.
Shows your mind is very rigid.

In fact your mind is dualistic becoming extreem.

Think about it.

Relax and allow markets tell you what you should do survive it.


regards
  • #55,963
  • Edited Oct 2, 2016 1:47am Oct 1, 2016 4:26pm | Edited Oct 2, 2016 1:47am
Quoting DeepBlue115
Hi friends,In battlefield, to crush the enemy, I shall be unbiased, emotionless and heartless. Regards
yes it is a battle.
but there is nothing to crush.

unbiased is good,

emotionless is a fantasy.

heartless will be a BIG scorpion. will poison your mind.

Find serenity and balance. You job is only to make some $$$ from your market skills only.
no need try kill anyone.
if you try , YOU will be the corpse.

一山還有一山高,強中自有強中手

regards
  • #55,964
  • Edited 5:54pm Oct 1, 2016 4:41pm | Edited 5:54pm
Quoting DeepBlue115
Hi friends, ..... Hi Fti, my Chinese friend told me in china stock market there are so called 庄家，it means the house who can basically control the stock price movement as it wish, who are they? The big money that bought enough of the share? Or the MM? Is this prevalent in US stock market too? Friends, how many pairs do u guys follow when dancing? How many hours do u guys trade？ Sometimes when price action dont make sense, staring at the chart waiting for more optimal opportunity can be a pain too, Regards


In this earth.
Everything is owned by someone.


Eeeeer, not every chinese person is wise.
Like every race on earth, some are wise some are tall some are short, some are good some are bad.
You chinese friend has a baccarat gamblers mindset.
I also have gamblers mindset, but only when i am in the casino. Never when i am trading.

For all things on earth, things like fish, we try to get it fresh.
Its call perishables.
They can tell me all kinda stories about the freshness and it swimming yesterday.
I think every one is eating sea fish thats at least a few weeks dead.
All i need to do is look under at the fish's gills.

Otherwise if they are durable, some one will be carrying stock piles.
Is known as Stockist.
Mostly the forex and equities markets are durables, and there are many types of stockist.
They are also known as investors.
AND i am not talking about those who are caught in bad positions and therir positions had become investments.
AND I am not talking about those that can manufacture and print it from thin air. They are know as 庄家s.

regards
  • #55,965
  • Edited 5:39pm Oct 1, 2016 4:48pm | Edited 5:39pm
Quoting DeepBlue115
Hi friends, .........more optimal opportunity can be a pain too, how do u guys cope with it? Assuming I cant walk away in case any opportunity present. Regards
How?

By being prudent, serene and disciplined from training. Training the SELF.
We watching many girls at the same time, as many as we can cope. no pain.
I can sit in front of a naked woman. See a naked woman, maybe have and erection.
But i would be disciplined and serene enough to just sit.
No need walk or run away.
I not afraid of naked people or trades.
I deal with them as my skills allows. Otherwise i sit pray and meditate for peace.

regards

enjoy
Inserted Video


Its just your mind. AND your perceptions.

Inserted Video


Thank you for seeking help.
  • #55,966
  • Oct 1, 2016 11:58pm Oct 1, 2016 11:58pm
Hi fti

great advice as always.......


Hi DeepBlue115



Read and understand art of war.

It is in a pdf in the first 200 pages.

I also found it of great benefit to look into and understand how and why we ‘work’, there are a lot of things we do and feel that we do not even realise and our limitations cause many deceptions and mis-beliefs in the world. From my own experience it is a path well worth going down in an effort to try to understand self….. an area I feel most traders neglect to study.

Regards

Phil.

AOW……

1. Sun Tzu said: In the practical art of war, the best thing of all is to take the enemy’s country whole and intact; to shatter and destroy it is not so good. So, too, it is better to recapture an army entire than to destroy it, to capture a regiment, a detachment or a company entire than to destroy them.

2. Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy’s resistance without fighting.

1. Sun Tzu said: The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy.

2. To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.

3. Thus the good fighter is able to secure himself against defeat, but cannot make certain of defeating the enemy.
-be careful about what you allow to be put in your mind-
  • #55,967
  • Edited 2:08am Oct 2, 2016 12:59am | Edited 2:08am
truth.

fire cannot be contained in paper.

Inserted Video


and real gold/bullion is not fearful of fire.
Dad always told me.

regards

fish.hahahahahaha
Inserted Video
  • #55,968
  • Oct 2, 2016 2:18am Oct 2, 2016 2:18am
Hi FTI,

Good to see you back.


just wondering if the link i sent you worked, because my link appear dead due to my profile setting

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #55,969
  • Oct 2, 2016 2:27am Oct 2, 2016 2:27am
Quoting RelaxRay
Hi FTI, Good to see you back. just wondering if the link i sent you worked, because my link appear dead due to my profile setting rgds
eeeeeer noted, hahahahahahaha what link?

Inserted Video


regards
  • #55,970
  • Edited 4:22am Oct 2, 2016 2:46am | Edited 4:22am
Quoting fti
{quote} eeeeeer noted, hahahahahahaha what link? https://www.youtube.com/watch?v=7YvAYIJSSZY regards
ahhhhh yes, now can see.

looks good.

eeeer your labrador has long tongue.

regards
  • #55,971
  • Oct 2, 2016 7:39am Oct 2, 2016 7:39am
It's amazing what we all know everything ...
I already forgot it
  • #55,972
  • Edited 3:58pm Oct 2, 2016 3:07pm | Edited 3:58pm
Quoting Gro
It's amazing what we all know everything ... I already forgot it
yes
The mind, it can recognise faces behaviours and natural things instantly.
We forget but we know we forgot.

Its when we start naming things,, and pegging them and putting it in boxes. Thats when the trouble starts.

correct? grostrate

am i supposed put the fish in the pond or put the pond in the fish?

nevermind, frying pants would be ok.

regards

pixel distorted, yet still can recognise?
yaya if you mind insist, its mom.
not mine.
peaches?
eeeeer okok head and shoulders.
no see double bottoms yet.


Inserted Video
  • #55,973
  • Oct 2, 2016 6:17pm Oct 2, 2016 6:17pm
Quoting fti
{quote} ahhhhh yes, now can see. looks good. eeeer your labrador has long tongue. regards
hehe, ok ok great.
thanks thanks, i like him alot, very charming fellow. but.. might be secretly cross.. saw him humping a few male before.
Actually he is a rescue, no idea what he is.
im one of those weirdo .. that like our 4 legged friends, more then most 2 legged 'friends'

rgds

Inserted Video
Fall in love with the process, and the outcome takes care of itself.
  • #55,974
  • Edited 2:15am Oct 3, 2016 1:47am | Edited 2:15am
Quoting RelaxRay
{quote} hehe, ok ok great. thanks thanks, i like him alot, very charming fellow. but.. might be secretly cross.. saw him humping a few male before. Actually he is a rescue, no idea what he is. im one of those weirdo .. that like our 4 legged friends, more then most 2 legged 'friends' rgds https://www.youtube.com/watch?v=Xlfnedlb7iU
alpha mindset.
i don't think he's humping them/
He just showing them who's boss.

We do same with cars houses..............lp collection?speakers?
now giggle is?

oh , so you get away with calling me weirdo hor.
you only got 1.
i have a pack.

regards

Inserted Video
  • #55,975
  • Oct 3, 2016 2:11am Oct 3, 2016 2:11am
Hi all. (Very happy to see FTI ok......hope not do too much.... but need to rest/entertain spirit as well as body)

Does anyone know is it possible to have an expectation (I do not mean predictive so please do not shout at me thank you) of how much distribution is required after a strong bull before it would truly turn south for a bit? I am wondering can we feel for example by bull strength/weakness during distribution phase in the run longs or is it in the selling runs - or is it a plain dumb question?


Didn't London boys have fun with EUR in puke zone this morning .........................term borrowed from FTI


ohh someone got chainsaw outside..... what goin on.....


Regards

Alex
check out the terrain - follow never lead
  • #55,976
  • Oct 3, 2016 2:13am Oct 3, 2016 2:13am
Quoting fti
{quote} alpha mindset. i don't think he's humping them/ He just showing them who's boss. We do same with cars houses..............lp collection? now giggle is boss? oh , so you get away with calling me weirdo hor. you only got 1. i have a pack. regards https://www.youtube.com/watch?v=DzetGKVmsa4
haha, no no this fellow is not alpha. very timid, just cheeky. we have some alphas there too, they have the arua. this guy, hes just baby face lol. he is also very old. and previous home is a cat shelter for rescue.. so he have many kitty friends. lol.

haha, oops sorry sorry. we stand united. much joy.
wish i can bring that old man home

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #55,977
  • Oct 3, 2016 2:22am Oct 3, 2016 2:22am
Quoting alexandria
Hi all. (Very happy to see FTI ok......hope not do too much.... but need to rest/entertain spirit as well as body) Does anyone know is it possible to have an expectation (I do not mean predictive so please do not shout at me thank you) of how much distribution is required after a strong bull before it would truly turn south for a bit? I am wondering can we feel for example by bull strength/weakness during distribution phase in the run longs or is it in the selling runs - or is it a plain dumb question? Regards Alex
Hi Alex,
Please dont say that..
Personally, I took a few pages from FTI and Phil for this, I gauge her strength/weakness by her effort, how much she moves per push.. and about the accu and distri zone.. IMO, after a strong bull/bear run, there likely be the ranging/rest plays(though, not a must, wait for it to happen..), hence accu and distri. Depending on the period movement done, it is still subjective as to if it is a reversal or a congestion movement if we want to be specific . From my experience, is best to lighten up upon sighting of such zones, and reduce sizing. Till more data is know.

For eg, if you look at eu daily now, she appears narrowing to me since the top on Aug18. So, I have been reducing my skew there, as a precautionary measure..

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #55,978
  • Oct 3, 2016 2:34am Oct 3, 2016 2:34am
Quoting RelaxRay
{quote} Hi Alex, Please dont say that.. Personally, I took a few pages from FTI and Phil for this, I gauge her strength/weakness by her effort, how much she moves per push.. and about the accu and distri zone.. IMO, after a strong bull/bear run, there likely be the ranging/rest plays, hence accu and distri. Depending on the period movement done, it is still subjective as to if it is a reversal or a congestion movement if we want to be specific . From my experience, is best to lighten up upon sighting of such zones, and reduce sizing. Till more data...
Thanks for reply....

I do not specifically mean what is going on now... well I went with London boys for a little fun... rude not to. There is much jitters around at mo on eur but still can have fun with them sometimes when in tune. If in run before zone I would also lighten up.......

Yeh effort is good word...sometimes I seem to know when they have had enough but not sure why I knew that when I look at it later. I will think on the effort a bit more.... market will teach me over time...

Men chopping neighbours hedge..... not my nice oak tree........quieter now.......

Thanks again
check out the terrain - follow never lead
  • #55,979
  • Oct 3, 2016 4:22am Oct 3, 2016 4:22am
Quoting RelaxRay
{quote} haha, no no this fellow is not alpha. very timid, just cheeky. we have some alphas there too, they have the arua. this guy, hes just baby face lol. he is also very old. and previous home is a cat shelter for rescue.. so he have many kitty friends. lol. haha, oops sorry sorry. we stand united. much joy. wish i can bring that old man home rgds
ahhh noted.
so he's very good in grooming?
cat fights and climbs trees?
maybe thats why you didn't detect his alpha.
Is well hidden. kitty style.
vain creature?

regards
  • #55,980
  • Oct 3, 2016 4:40am Oct 3, 2016 4:40am
Quoting fti
{quote} ahhh noted. so he's very good in grooming? cat fights and climbs trees? maybe thats why you didn't detect his alpha. Is well hidden. kitty style. vain creature? regards
from what i heard, the story goes that there is a cat pack leader there, and he follows or stay clear of him mostly. gets along well with the other cats, and have some form basic play with them. i should also mention he is like 40-50 odd kg, but timid like a mouse.
if anything, i feel he is a good actor.. when the alpha come, he will belly up or run to nearest human. clever, but always get bully(has quite abit of battle scar). oh, and always whining. hahaha very cute.

rgds
Fall in love with the process, and the outcome takes care of itself.
146 traders viewing now