DislikedThey have this big chief, brainspan (used to be the cigar chewing...paul )Ignored
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
DislikedHi All,
A little info for those actively trading.
read
BOJ Governor Fukui Speaks
http://www.forexfactory.com/ read calendar
Fed activity sighted.
http://www.forexfactory.com/news.php?do=news&id=57753
looks like the BOJ and the Feds are getting ready to defend the usd, in any eventualities.
this funding exercises, are meant to give mkt lip service,so warning have been issued.
warning that you may see them in the mkts, if the usd drop gets out of control.
be careful, you may be walking into minefields.
looks like usd would still be soft, but watch out for the volitility.
could be a downhill rollercoaster ride for the greenbag.
who died , why's it so quite in the mkts?
regardsIgnored
DislikedTo me the most important indicator is price.
The market's sigma, which is the speed of move.
The Vega, which indicade the volitility factor in its trend and the time it consumes in it push.
You can determine all this from bare bar or candle charts.Ignored
Dislikedthe other indicator is true average,
with that you can determine if the volitility is out of line for your risk tenure,
you can best understand this by studying the original Dow theory.Ignored
DislikedI think you may get a good grounding of that from the book by R.Edwards/J. Magee.
I cannot remember the title of the book, but I can check for you when I return to Sg probably middle jan 2008. pls remind me.Ignored
Dislikedthe other improtant, read, is the market form.
I try to recognise the compounded formatioms in the bar charts.
A good reference to forms study wasdone by a researcher, by the name of John R.Hill,
I'm not sure if his studys are available to the masses.Ignored
DislikedA complimentary methodology is by complex candle chart formations.
I find the books (in english) on this too elementary.
I used to have an understudy who had a copy of the "secret" readings by rice traders in nihongo.
Unfortunately I've no contact with him for a long time since and my development on that has stalled.Ignored
DislikedI must stress, "never ever play god to the markets."
always stay in the "dance", feeling its moods and tempo,
using technical accrument to read the dance.
Implementing damage control when out of step.
That's actually money management.(another time)
Many analyst, behaves like fortune tellers, that is wrong.
All an analyst can master, is the art of dancing along with the market,
and recognising its behaviour as the dance progresses.
It is an on going process, not one read and you khow all, that cannot happen.
The markets are alive.Ignored
DislikedIn a nutshell, There are other components necessary, other than technical analysis skills,
mindset, money moneymanagement are equaliy critical.
Thank you every one for your indulgence.
I am very tired, danced with the market yesterday the whole day and night,
what a ball.
So if you have questions just post them here and I'll get back to it after a good rest.
regardsIgnored
DislikedHi All,
@ Green_David
Don't think that way.
Think this way.
With this new devellopments, the volitility and wid swings should become more pronounced.
To the nimble , it'll present more opportunities.
To the rigid, the swings may pose a nusance and increase sufferings.
One things for sure, markets gonna get more intense and fast.
The market's sigma, which is the speed of move.
The Vega, which indicade the volitility factor in its trend and the time it consumes in it push.
You can determine all this from bare bar or candle charts.
regardsIgnored
DislikedHi All,
@Zoran,
In answer to your question,
To me the most important indicator is price.
The market's sigma, which is the speed of move.
The Vega, which indicade the volitility factor in its trend and the time it consumes in it push.
You can determine all this from bare bar or candle charts.
the other indicator is true average,
with that you can determine if the volitility is out of line for your risk tenure,
you can best understand this by studying the original Dow theory.
Unfortunately there're many mutations of the Dow theory.
And those that are being used by conventional chartist today differs from my cup of tea.
I think you may get a good grounding of that from the book by R.Edwards/J. Magee.
I cannot remember the title of the book, but I can check for you when I return to Sg probably middle jan 2008. pls remind me.
the other improtant, read, is the market form.
I try to recognise the compounded formatioms in the bar charts.
A good reference to forms study wasdone by a researcher, by the name of John R.Hill,
I'm not sure if his studys are available to the masses.
They read compound chart formations.
An understanding of Hip and Lop patterns is foundational requirement.
A complimentary methodology is by complex candle chart formations.
I find the books (in english) on this too elementary.
I used to have an understudy who had a copy of the "secret" readings by rice traders in nihongo.
Unfortunately I've no contact with him for a long time since and my development on that has stalled.
I must stress, "never ever play god to the markets."
always stay in the "dance", feeling its moods and tempo,
using technical accrument to read the dance.
Implementing damage control when out of step.
That's actually money management.(another time)
Many analyst, behaves like fortune tellers, that is wrong.
All an analyst can master, is the art of dancing along with the market,
and recognising its behaviour as the dance progresses.
It is an on going process, not one read and you khow all, that cannot happen.
The markets are alive.
In a nutshell, There are other components necessary, other than technical analysis skills,
mindset, money moneymanagement are equaliy critical.
Thank you every one for your indulgence.
I am very tired, danced with the market yesterday the whole day and night,
what a ball.
So if you have questions just post them here and I'll get back to it after a good rest.
regardsIgnored
Quoting ftiDislikedImplementing damage control when out of step.
That's actually money management.(another time)Ignored
DislikedThis method of charting is most suited for traders who
are long term trend riders who have difficulty with position discipline.Ignored
DislikedThe ATR introduced by W.Wilders is an important component
for determining market's volitility. This is a powerful tool for system styled traders.
But to use it as a decision tool, tends to create rigid mindset in decision making.
Having said that, I myself do use it in a different way,
In that it is visually indentfiable from bare bars in volitility reads as I have mentioned.Ignored
DislikedYes, I think John Hills research papers was titled "Scientific Interpretation of Bar Charts".
Is it being published? I ask because mine is in research paper format.Ignored
DislikedHip & Lop patterns was Wilders initial research studies,
if you search his writings you should find it.
I am sorry that I am not at liberty to publish his writings as it is copyrighted.Ignored
DislikedThere is however another way to use candle charts, introduced in the mid 80's ,
I believe Morris called it "Power candles"
You may like to research on that.Ignored
DislikedAh, I see you like the dancing analogy better.
It is hard for me to shake the war analogy due to my training
in the disciplines and money management style adapted from Sun Zi Bing Fa.
which is the core of my dealing style. If I had been distasteful, I apologise.Ignored
DislikedThank you, friend for helping. You must be quite experienced.
Quoting Sun Zi, and with the above read,
I would suspect that you are Technical Analyst yourself.
Do share some knowledge with us, where suits.
regardsIgnored