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Technical Analysis Fallacy

  • #3,661
  • Edited 10:30pm Jul 21, 2008 10:03pm | Edited 10:30pm
Hi fti
Hi all

I am truely gateful to you and to the other members of this thread. The insights gained on this thread have allowed me to not have a lossing session in the past 2 months! Thanks to the teachings on rescue.

The biggest insight for me was that both bulls and bears make MONEY (I originally thought that only one or the other made money!) And that when you are a bull/bear stay that way or you will become a pig (and pigs get slaughtered!!!)

Once again thank you to everyone who contributed to this thread.
To keep trading, even when it gets hard.
  • #3,662
  • Jul 21, 2008 11:08pm Jul 21, 2008 11:08pm
Quoting MichaelSA
Hi fti
Hi all

I am truely gateful to you and to the other members of this thread. The insights gained on this thread have allowed me to not have a lossing session in the past 2 months! Thanks to the teachings on rescue.

The biggest insight for me was that both bulls and bears make MONEY (I originally thought that only one or the other made money!) And that when you are a bull/bear stay that way or you will become a pig (and pigs get slaughtered!!!)

Once again thank you to everyone who contributed to this thread.
Hi MichaelSA,
Thank you for your kind words.

I hope you will stay motivated and polish your skills as you develop market experience. With proper mindset foundation and experience, who may become invincible trader. When you become rich then you must afford to help those in need. Remember Be kind and generous, these are the qualities required to hold to right mindset. Most of all be forgiving, like your creator.
otherwise much torment wrecks you from the market place. When you forgive markets and yourself from errs, it releases the hold on you.

Develop well.
regards
  • #3,663
  • Edited Jul 22, 2008 12:11am Jul 21, 2008 11:46pm | Edited Jul 22, 2008 12:11am
Quoting leighsww
I'm still in it, lol.

Hey, didn't you read my email and journal? I'm dancing slightly differently now, so my profit on Swissy will come when it hits my T/P (or if/when I have to rescue it, lol)

Okay, have a good rest of day, my friend
Hi leighsww,

Ok, trade well.

Let me give you a little insight.
You are pioneering a very difficult field.
Many before you had taken that challenge and that is inclusive of myself.
Here's a little background and info that many help you , since you have undertaken the task.

In the late 80s, while my book was very profitable, and technology was developing very rapidly. I created a small group of reserchers in the strategic section. It comprised me, couple of senior dealers, a computer wiz and some programmers. We put most of my methodology into flow charts , with many subroutines controlling diffreent aspects. The subroutines were added as we needed. The core stem of the program flow was controlled by a developing model of fussy logic algorithems. Back then it was called alternating logic process.
By the end of the year, the millions of USD set asside for the experiment was depleted by trading and hardware and programming costing.
Having failed in that attempt, I reverted to finish writing the training manual of which you are having a little journey into. I never doubt computing power ,I was the 2nd person in SE Asia to own an Apple 2E. Before that, I had my hand, in the radioshack sub computers, if you can call them that. A spin off from my audiophile craze.

From all that, I re-learned an important lesson.
Rigidity is dangerous and reckless, when the conteracting parties and terrain is of much variance. It seems we haven't invented the computer that can match that which God created, not yet.



regards

PS: Having said, all that, let me say tat I am not trying to chane the direction of your progress, I know you had put in lots of hours of work and thoughts , Just wanted to share my experiences about automation.
  • #3,664
  • Jul 22, 2008 12:18am Jul 22, 2008 12:18am
OK the USD bulls returns.
  • #3,665
  • Jul 22, 2008 12:29am Jul 22, 2008 12:29am
Quoting fti
PS: Having said, all that, let me say tat I am not trying to chane the direction of your progress, I know you had put in lots of hours of work and thoughts , Just wanted to share my experiences about automation.
Okay, I appreciate your feedback, thanks
  • #3,666
  • Jul 22, 2008 1:00am Jul 22, 2008 1:00am
Quoting fti
OK the USD bulls returns.
Bears went into hibernation already?! Sheesh, it's not even winter yet

So, fti ... you got a Scout in? We gotta get "Ward 13" active again
  • #3,667
  • Jul 22, 2008 1:23am Jul 22, 2008 1:23am
Quoting leighsww
Bears went into hibernation already?! Sheesh, it's not even winter yet

So, fti ... you got a Scout in? We gotta get "Ward 13" active again
Hi Leighsww,

Yesterday we saw a little bear performing, then mama bear showed, but she's not aggressive.

So seems the bulls came in this morning, but its sweping both ways , goota see if the London boys are gonna ride bulls into the field.
Got the scout in already profittaken and 2nd attempt in progress.

I think we may be a little busy for ward 13 today, lets see.
Liquidity is back.

regards
  • #3,668
  • Edited 2:11am Jul 22, 2008 1:48am | Edited 2:11am
Hi,

OMG, the USD bears were very strong.
Scout was killed.
Realigning.
Sorry this vvery USD bear terrain.
REALIGN NOW !

It would be interesting to see a test of EURusd 1.5950 seems above much USD bear stops.

Oops I wasted 9 pips to realign.
Standing by for attack level 1
Attck unable
standby to rescue sequense level 1


reacue deployed
  • #3,669
  • Jul 22, 2008 2:22am Jul 22, 2008 2:22am
Hi and good morning sirs!

there are some "currencies external" events today, that could give the some impulses to our tarding sessions:

1. today we'll get the figures for Wochovia, UPS and Yahoo. Especially the first one could have strong impact on the USD. I wasn't able to determine the exeact schedule for the mentioned figures.

2. Tropical storm Dolly. If it hits the Gulf of Mexico oil rigs, oil price will be influenced

Wish you successful dancing!
;-)
  • #3,670
  • Jul 22, 2008 2:27am Jul 22, 2008 2:27am
Quoting MaMood
Hi and good morning sirs!

there are some "currencies external" events today, that could give the some impulses to our tarding sessions:

1. today we'll get the figures for Wochovia, UPS and Yahoo. Especially the first one could have strong impact on the USD. I wasn't able to determine the exeact schedule for the mentioned figures.

2. Tropical storm Dolly. If it hits the Gulf of Mexico oil rigs, oil price will be influenced

Wish you successful dancing!
;-)
Noted, MaMood.
Thanks, is dolly strong and whats the likelyhood ?

regards
  • #3,671
  • Jul 22, 2008 2:28am Jul 22, 2008 2:28am
Quoting MaMood
Hi and good morning sirs!

there are some "currencies external" events today, that could give the some impulses to our tarding sessions:

1. today we'll get the figures for Wochovia, UPS and Yahoo. Especially the first one could have strong impact on the USD. I wasn't able to determine the exeact schedule for the mentioned figures.

2. Tropical storm Dolly. If it hits the Gulf of Mexico oil rigs, oil price will be influenced

Wish you successful dancing!
;-)
good morning,

Mamood: let us hope the storm help checks out the dollar....tight range... is it Monday?...It think bullish day...
Empty as water and soft as a facing wind mountain
  • #3,672
  • Edited 2:51am Jul 22, 2008 2:28am | Edited 2:51am
Rescue level 1 failed and removed with minor damage.

Standby level 2 rescue attempt.

rescue level 2 deployed
  • #3,673
  • Jul 22, 2008 2:45am Jul 22, 2008 2:45am
Quoting fti
Noted, MaMood.
Thanks, is dolly strong and whats the likelyhood ?

regards
It could build up to a Hurricane in the next 24 hours.

For all, who are interested in, here are 3 links (just an other kind of colorful "infotainment" ...):

http://www.wunderground.com/tropical...t.html#a_topad
http://radar.weather.gov/ridge/Conus..._lite_loop.php
http://www.nhc.noaa.gov/text/refresh...l/201542.shtml
  • #3,674
  • Jul 22, 2008 2:50am Jul 22, 2008 2:50am
Gold is up $9...so dollar weak?
Empty as water and soft as a facing wind mountain
  • #3,675
  • Jul 22, 2008 3:01am Jul 22, 2008 3:01am
escue successful and out

scout still in
  • #3,676
  • Jul 22, 2008 3:14am Jul 22, 2008 3:14am
standby rescue/attack level 3
  • #3,677
  • Jul 22, 2008 3:15am Jul 22, 2008 3:15am
Quoting luSan
Gold is up $9...so dollar weak?

Hi luSan,

difficult to say. Some signs from the data arround ...

- Dow future is going down -> $ weakness
- Oil is testing yesterday high -> $ weakness
- gold is up $9 -> $ weakness
- EUR and GBP near yesterday high -> $ weakness

But that are kinds of predictions - aren't they?

I just try get in tune with current PA on USDJPY ...
  • #3,678
  • Jul 22, 2008 3:22am Jul 22, 2008 3:22am
Quoting MaMood
Hi luSan,

difficult to say. Some signs from the data arround ...

- Dow future is going down -> $ weakness
- Oil is testing yesterday high -> $ weakness
- gold is up $9 -> $ weakness
- EUR and GBP near yesterday high -> $ weakness

But that are kinds of predictions - aren't they?
---yes, but fun to make...a side show while we wait...

I just try get in tune with current PA on USDJPY ...
Made 32 pips in this range...Back to bed, see you after 8:00:sleeping:...Gosh it does feel like Monday...
Empty as water and soft as a facing wind mountain
  • #3,679
  • Jul 22, 2008 3:22am Jul 22, 2008 3:22am
Quoting MaMood
Hi luSan,

difficult to say. Some signs from the data arround ...

- Dow future is going down -> $ weakness
- Oil is testing yesterday high -> $ weakness
- gold is up $9 -> $ weakness
- EUR and GBP near yesterday high -> $ weakness

But that are kinds of predictions - aren't they?

I just try get in tune with current PA on USDJPY ...
People, no opinions,
ONLY facts and figs please. + news
Try not to encourage bad habits and distractions.

Focus, if distraction needed try this..
Inserted Video


rescue level 3 deployed
  • #3,680
  • Jul 22, 2008 3:34am Jul 22, 2008 3:34am
Quoting luSan
Made 32 pips in this range...Back to bed, see you after 8:00:sleeping:...Gosh it does feel like Monday...
Hi Lusan,
You're faster than me.
Well done.
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