I think the biggest criticism of fib's is that you can pull them anywhere and they will line up. I also think the best thing about fib's is that you can pull them anywhere and they will line up. For me at least, it lot has to do with the 'golden ...

Indicator Free Trading - Skunny

Thank you for your input Fti, I really appreciate it and it's good to know that I'm heading somewhat in the right direction. I have since been experimenting with phi and it's skew with reasonable success, it's uncanny how the PA can follow these ...

Technical Analysis Fallacy

I am but I don't recommend it I'm using it to 'salvage' my position by trying to pick up/set targets on the swings of price action and larger moves using phi and its skew (61/38 ).

Indicator Free Trading - Skunny

I'm hearin' you! I've been battling the A/J for about 4 days, I've been long all that time! So far I've pulled out about the same, half of my current potential loss but slowly crawling back. I've been pulling some fib's here and there and they have ...

Indicator Free Trading - Skunny

Believe it or not, I'm still long on the A/J! My blotter doesn't look to healthy at the moment but I'm still taking profits as they become available on the swings. So far I've had this position for three days and I've pulled out a considerable ...

MickD's 'Common Sense' journal.

Welcome Back Fti, hope you had a good break. Looking forward to your observations of our comments so far while we were left alone, it has been thought provoking at the very least cheers, Mick.

Technical Analysis Fallacy

Happy New Year All, wish you all the best in your trading this year! I am still on demo for a bit until the market settles into the new year, I may open a live account next week, probably 500-1000$ to get started with and see how it goes. Working ...

MickD's 'Common Sense' journal.

That is also the way I see it too and also why I said not to get bogged down with it, yes use everything you can, just don't take it as a certain. The biggest shift for me was looking at my blotter and my book, you have to be extremely conservative ...

Technical Analysis Fallacy

What Beartrade is saying is spot on, fti (or anyone else for that matter) can not just jot down some rules and numbers and expect anyone to make money from it, he probably could but human nature being what it is we would break them anyway . ...

Technical Analysis Fallacy

So far so good! Had another trade on last night, I went long on AJ for fun, it looked like it was bottoming out soon anyway, I left it overnight as the market is really slow due to lack of volume I'd say. I was down for a while and it turned in my ...

MickD's 'Common Sense' journal.

I agree, I've been trying to use that strategy (or variations of it) with price movements but haven't quite got it to fit, a bit more practice. You're right, we don't want to get too far ahead in case we are going down the wrong road

Technical Analysis Fallacy

Wow! that made me dizzy It looks as though he set's it up with a line from the 2 major tops and a line square to it to start the spirals. An mt4 coder could knock this up if they were good with the graphics side, the calc's wouldn't be too bad as ...

Technical Analysis Fallacy

I have been meditating on this also, the martingale part is pretty straight forward, the fib, spirals and golden ratio (phi and skew) and how they are formed I also understand but as you say, how to apply them would be another good tool in the ...

Technical Analysis Fallacy

Hey Sizz' what you say makes perfect sense as I understand it. How I handle it is when in rescue mode I watch the PA in all time frames looking for patterns that make up compound/larger patterns and for S/R et al. When it looks like it may be time ...

Technical Analysis Fallacy

Yes, once I'm in attack mode I keep an eye on progress, if the action is telling me I'm tiring, I take a profit, grow the book a bit and sit it out againand await the next attack sequence. If you can get enough on your book doing this you can get to ...

Technical Analysis Fallacy

<edit>sorry for the mix up catshot and crazy_bdog. Hi crazy_bdog and All, If I may make one small observation about losses, have a re-read of these threads, particularly the parts about 'rescue' and taking losses, risky stuff so take your time to ...

Technical Analysis Fallacy

Very 'flat' market day for me today, flat as in constant trend against me :o I'm short AJ with about 5 units in, sitting comfy though with only a third of my risk to gain back, if and when the swing back happens I'll be set to capitalise on it. ...

MickD's 'Common Sense' journal.

Thanks Ohka, that will require some further study to see if and how it can be applied, it will be interesting to keep an eye on to watch if it varies much one way or the other and its effects on the market cheers, Mick

Technical Analysis Fallacy

Here's the last few trades' chart. box 1 is the previous trade short - win box 2 is last nights trade short - win box 3 is todays trade long - win(ning) still in as the bus is turning my way In amount terms I've put at least 1% on my 100k account ...

MickD's 'Common Sense' journal.

Nice post catshot!, your summary indeed says it all, particularly the part about exposure as this relates directly to the terrain and the status of battle.

Technical Analysis Fallacy