Zoran, Thanks, Using a naked chart is not that big of a deal, however putting blinders on the minds eye is, as most of fib, fork, lines i see with the eyeball now, placing them only helps the memory. The biggest hurdle i have mentally is the ...

Technical Analysis Fallacy

Yes I shall step to the sidelines.

Andrews Pitchfork (Median Line)

APO (Alternate Point of Origin)Forks I believe is the designation from Morge's forum for forks with a detached handle point. They are anchored off the 2 and 3 points and are floated to capture price action. Yes they are powerful, but you are ...

Andrews Pitchfork (Median Line)

1 hour guppy with schiff

Andrews Pitchfork (Median Line)

The basis for the Schiff fork.

Andrews Pitchfork (Median Line)

Leighsww, Thank you for the response, My style is really not as rigid as it appears in the post and charts, they were just to give an overall approach. Jmho, but each of us when we enter use some form of methodology either consciously or ...

Technical Analysis Fallacy

Lusan, The chart I used is actually a Daily Euro chart from about mid 2006 to mid 2007. I just grabbed that pic as it was easy to draw from. My suggestion is to ignore it, as it’s not the direction that your current studies are presently taking you. ...

Technical Analysis Fallacy

Leighsww, Ian, everyone thanks, Ian, I left out the time frames and data on the charts on purpose, as to me it does not matter what time frame you trade, the criteria is still the same. The charts look the same just more waves as we start breaking ...

Technical Analysis Fallacy

Leighsww, You think your view is rigid? My thoughts on entering and rescue are in direct opposition to the this thread I believe, but I will offer a simplified explanation of my approach and the reversal problem that I am hoping to solve, which was ...

Technical Analysis Fallacy

leighsww Thanks for the detailed explanation, I understand that most everything is dependent upon the current PA, but to me the term rescue implies that there is a change in the current direction and I have positions/scouts/troops hanging out there ...

Technical Analysis Fallacy

Just a question for clarification please, if I entered long on the above scenario, i would be under the assumption that the overall price action/current trend is long? If price retraces short 30 pips and we enter an additional position, are you ...

Technical Analysis Fallacy

Lusan, Please do not take offense to what I posted, as I reread the post I think my intentions may have been misstated or misinterpreted. My thoughts were generalizations on overall market structure and not in reference to your post. MY sincere ...

Technical Analysis Fallacy

Jairo, Thanks. There are several comparisons of the markets to the ocean and it’s waves that I have taken in during my studies, they seem to fit when you think about the waves. Rolling in (thrust) and pulling back out (correction) all the while ...

Technical Analysis Fallacy

Lusan, The whole equals the sum of the parts, so the small time frames must conform to the larger. Understanding the larger context of price action makes it easier to see the actions of the smaller and shows the areas that need closer attention or ...

Technical Analysis Fallacy

Book of 5 rings? If my history is correct Miyamoto Musashi was one of the greatest Kendo, martial artist. If i'm not mistaken later in life he abandoned the sword and fought with a stick and still remained undefeated.

Technical Analysis Fallacy

One of the best posts I've read on this forum. Thanks for sharing.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Who do you think owns most of the US’s big businesses, it aint just Americans. It’s global businesses. The US is not going to fall off the cosmic universal edge, the global businesses would not like that. What plagues the US, has also infected the ...

Outlook 2008, The Upcoming US Depression

Read this once, " The only person who is responsible for your trade stares back at you in the mirror"

Technical Analysis Fallacy

MMdealer, Do you have a written trading plan? If not pull yourself out of the market and write one. In detail, how you will trade, what you are looking for in a trade money management and risk management rules. Detail everything, without this it is ...

Giving It All Back.

Leighsww, I have read this thread, and I use position averaging in my trading, although I view the battleground or the concept of rescuing differently than what has been discussed. But I would warn anyone of taking the attitude that the market ...

Technical Analysis Fallacy