Technical analysts are very confused - Page 2
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Thread: Technical analysts are very confused

  1. #11
    [quote=bundubill;1460447]
    Quote Originally Posted by ;
    It might seem like confusion, but if you learn to read and try to find market conditions instead of management all of it fits into a practical picture.

    Hi Kudzu,

    I am a newbie. Would you mind defining'conditions' .

    Thanks
    I hear you....

    I dont use market terms...I buy when the price is low and sell when the price is high. . .that is my own recipe. . .and so far It's working great

  2. #12
    [quote=bundubill;1460447]
    Quote Originally Posted by ;
    It may seem like confusion, but when you learn to read and try to find market conditions instead of management all of it fits into a helpful picture.

    Hi Kudzu,

    I am a newbie. Would you mind simply defining'conditions' for me personally .

    Thanks
    Here you go. I believe I figured out how to upload it into FF.
    https://www.forexsoutheast.asia/atta...3984156534.pdf

  3. #13
    Generally crucial and trendline level support is being looked at by analyst.

    Anyone can perform exactly the exact same so I believe they're not worth reading.

  4. #14
    Quote Originally Posted by ;
    With specialized analysis, you just attempt to increase ur chances of succeeding. When you start trading, ur odds of success are maybe 10-20 percent...u learn, experience, research and try to increase that percentage to more than 50% so that u r sucessful on a constant basis...
    I disagree completly. . .if you start trading u have a 100% chance of succeeding...I have never in my entire life have a loosing trade. . .at it is all contributed to my cash management. I buy when the price is low and sell when the price is large. . .some trades are closed within seconds. . .others take hours. . .some carry day. . .some weeks. . .some months....but I never gear greater than 1:5

    I have been trading live for almost a year now. . .and never had one loosing trade. . .while I earn around 800-1000pips a month enjoying eur/usd and gbp/usd

  5. #15
    As people have said, analysis is moving the odds in your favor. People who state they can pinpoint exactly what the market will do tomorrow or next week are full of as most professional traders don't know if the market will go in their way the next day.

    Quote Originally Posted by ;
    That's like saying: It might rain , but then again it might not rain tomorrow
    Yes... weatherman do in fact say this, and everyone listens to them... right? I mean, when was the last time you had an accurate forecast for the coming weekend? And if they do state tomorrow will probably be rain, see they state something like 70 percent chance of rain.

  6. #16
    Quote Originally Posted by ;
    Vegas operates an a 4 percent margin in their own favor. Meaning there's a chance any customer will win, but a 54% chance the home will win.

    Technical analysis is that, skewing the probability of success in your favor, then it is all margin administration.

    If you backtest a certain set up that pays out 67 percent of the time over the previous 4 years, also contains a risk/reward ratio of 1/1.5 or longer. You're skewing the odds in your favor. Win or Lose, you know chance is on your side.
    Why do u give the home a chance of winning. That isn't intelligent. Make Sure That gear lower, the house cant triumph

  7. #17
    Quote Originally Posted by ;
    As most people have already said, analysis is shifting the odds in your favor. Those who state they can pinpoint just what the market will do tomorrow or a week are probably full anyway, since most professional traders do not know whether the market will definitely go in their direction.


    Yes... weatherman do actually say this, and yet everyone listens to them... right? I mean, when was the last time you had an accurate prediction for the weekend? And when they do state tomorrow will be rain, see they state something.
    on a funnier note...i live in south africa. . .summer rain region. . .we dont hear the weather guy. . .if we want rain we simply organize a cricket game or a bbq....then it's sure to rain....lol

  8. #18
    Quote Originally Posted by ;
    on a funnier note...i live in south africa. . .summer rain region. . .we dont hear the weather man. . .if we want rain we simply organize a cricket match or a bbq....then it is sure to rain....lol
    Yes... that appears to work in the US as well.

  9. #19
    Quote Originally Posted by ;
    . Everybody is searching for a system that can predict the market)
    This is the reason why people jump from system to system. In my opinion analysis should never be about predicting. Instead, giving guidelines as to the way to react to what is already occuring. The weather radar ought to be the analysis, the weather person shouldn't ever predict if a storm will occur. Instead, use.

  10. #20
    Quote Originally Posted by ;
    This is the reason why people jump from system to system. In my opinion, technical analysis should not be about predicting. Giving guidelines as to the way to respond to what is occuring. The weather radar ought to be the analysis, the weather person should never predict if a storm will occur. Instead, utilize.
    Stock,
    said,
    if we make a habit of predicting we'll trap ourselves at a tailspin of declines.

    That does not mean that techicals aren't important. They are important for getting a handle on current conditions.

    I like your weather guy comparison. Did you know that with all of the technology that they have now the computer models used to predict weather are based on including a lengthy string of 10 to 15 second sections. They start with the assumption they can be nearly 100% sure about what the weather will be in the 10 to 15 minutes. Then the subsequent 15 minutes another based on the last two and segement and the next based on the last three and so on are projected out by the computer. That sounds just like MTF analysis to me.

    What we traders are looking for is conditions that are favorable for another storm (fad ) We cannot predict up or down with 100% certainty, but we can EXPECT a response in this direction or that direction based on current conditions.

    Thank you and happy hunting,
    https://www.forexsoutheast.asia/atta...2074210874.pdf

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