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Technical Analysis Fallacy

  • #4,141
  • Jul 28, 2008 6:19pm Jul 28, 2008 6:19pm
Quoting indianguyinny24
Hello FTI,

i really have to thank you for a wonderfull thread.


I just have one challenge .. whenever i start i reach till 20 page i feel busy and then again i come back i have to reread all 20 pages again.... seems like too muhc information...

do you have any pdf which we can read /print on the way or the only way is to read 300 pages...

if it is then i dont mind... but i thought i rather ask u if you can ans...

Thanks

V
Consider your reading 300 pages as your text book to an education.
myself, I'm on my 4th reading .
  • #4,142
  • Jul 28, 2008 6:33pm Jul 28, 2008 6:33pm
Quoting fti
Hi indianguyinny24,


If you had been reading to 20 pages , why don't you try to continue from where you left off, instead of rereading them again. Surely you must be very familiar with the materials in the first 20 pages already.



regards
Will do just wanted to ask before...

Anyhow i read the Reminiscences of a Stock Operator - Edwin Lefevre

nice read... couldnt find the adam smith paper back yet... any way i can find on net....

V
  • #4,143
  • Edited 7:06pm Jul 28, 2008 6:47pm | Edited 7:06pm
goodness , the eurusd tried 15736 again and I still cannot get my 15737 fill.
It tells me heaps about that level.

I am so disappointed with the market, could someone in the US , thats reading this thread check to see if anyone is delivering the newspapers there. I wonder what it takes to get the market moving. It seems oct's black friday is gonna come earlier this season. Ah.. speaking from position again.

I had been calling around for some perspective of whats happening. And it seems there is talk of big boys stockpiling Usd to snap up US long Bonds and other assets. So its not the feds, its investors, wonder who they are. This is interesting, I get the sinking j-bond feeling again. Scary stuff, the budget deficit is reported to be gonna be .... OMG can't even say the words. some fraction of a yard of USD and my mind went to ..hey misprint...are they reporting in Yen terms now. And there are the rich clever people gonna lend the US massive funds. This gonna help the US? Keeping imports cheap, keeping productivity low, ( I mean its really not that bad until you compare it to the Big east). And most important , keeping USD strong to protect vested investments . I do not know at what price to the American people. I really need the counsel of some real good economist now.

I really cannot understand all this international strategies already.For now, back to charts. And even they are not behaving coherent. Stay nimble is all I can say. Maybe I should say small, because I really isn't feeling very nimble myself.

As amatter of fact, I feel papa bear on the USD, although it is not showing, wonder where this bias is coming from?

regards
  • #4,144
  • Jul 28, 2008 7:00pm Jul 28, 2008 7:00pm
Quoting fti
If you had been reading to 20 pages , why don't you try to continue from where you left off, instead of rereading them again. Surely you must be very familiar with the materials in the first 20 pages already.
Now, where have I heard that before?

Thanks for the video fti, I'm sure you enjoyed watching that while puffing away!
  • #4,145
  • Jul 28, 2008 7:02pm Jul 28, 2008 7:02pm
OK position recap,
all orders just cancelled. (both)
scout and rescue merged. now i have a 3 legged scout.
Waiting for tokyo boys, may the games begin.


regards
  • #4,146
  • Jul 28, 2008 7:08pm Jul 28, 2008 7:08pm
Quoting Zoran
Now, where have I heard that before?

Thanks for the video fti, I'm sure you enjoyed watching that while puffing away!
Hey Zoran,
Sorry to say, You are on the money. Not on the stuff in the video, but on cigs. May i borrow your crystal ball.? please.

regards
  • #4,147
  • Jul 28, 2008 7:24pm Jul 28, 2008 7:24pm
stand by attack level 1

bx 3 x 15750
  • #4,148
  • Jul 28, 2008 7:33pm Jul 28, 2008 7:33pm
No sleeping tonight, Boss?
Empty as water and soft as a facing wind mountain
  • #4,149
  • Jul 28, 2008 7:43pm Jul 28, 2008 7:43pm
Quoting fti
Hey Zoran,
Sorry to say, You are on the money. Not on the stuff in the video, but on cigs. May i borrow your crystal ball.? please.

regards
You already have my crystal ball fti - remember you couldn't get past chapter 3 after reading it 5 times? Your advice to indianguyinny24 was the same as mine but I hope it works for him!

By the way, someone keeps bringing up this conversation and it's not me.

Anyway, my crystal ball is now showing market information, shall I take a photo and post it?
  • #4,150
  • Jul 28, 2008 7:57pm Jul 28, 2008 7:57pm
FTI thanks for your guidance you deserve all kind words of the world, i donīt post too much in fact this is my first post, didnīt grasped totaly this concept yet.
Attacks, rescues, spiral, fib progression...are still not clear in my mind i know the main idea but something is missing ( havenīt seen the light yet)... anyway i have to reread this thread again and again until i fully understand this material, i am a slow slow learner and my english doesnīt help much either. Thanks to all, good people, may the fortune be with everyone. Cheers...
  • #4,151
  • Jul 28, 2008 7:57pm Jul 28, 2008 7:57pm
I got a nice clear photo from my crystal ball before it disappears. Off to bed now....
Attached Image
  • #4,152
  • Jul 28, 2008 8:47pm Jul 28, 2008 8:47pm
[quote=fti;2133268]goodness , the eurusd tried 15736 again and I still cannot get my 15737 fill.
It tells me heaps about that level.



I have a feeling will all be dealing with that 5735-25 area in the session to come and after the way NY finished up I will be light till we can figure out whats going on.

Its funny we usually get some wandering of price after NY but not today, we stayed right where we were.
  • #4,153
  • Jul 28, 2008 9:19pm Jul 28, 2008 9:19pm
Quoting lilpip

Its funny we usually get some wandering of price after NY but not today, we stayed right where we were.
Usually after an extended move ending late NY price will usually consolidate into a sloping range until it finds an equilibrium, I recon this to a 24 hour mean price, today we ended NY at the equilibrium point, no where to go until some one decides to take it somewhere.
  • #4,154
  • Jul 28, 2008 9:26pm Jul 28, 2008 9:26pm
Quoting luSan
No sleeping tonight, Boss?
not yet, Lusan. but very very tired.

regards
  • #4,155
  • Jul 28, 2008 9:30pm Jul 28, 2008 9:30pm
Quoting Zoran
You already have my crystal ball fti - remember you couldn't get past chapter 3 after reading it 5 times? Your advice to indianguyinny24 was the same as mine but I hope it works for him!

By the way, someone keeps bringing up this conversation and it's not me.

Anyway, my crystal ball is now showing market information, shall I take a photo and post it?
Hi,
Would you like to send it to all the news papers in US,.
Boy am I tired, losing focus, once I get some positions out for lunch, I will try to get a little rest before London , but I guess they are clue less too.

regards
  • #4,156
  • Jul 28, 2008 9:35pm Jul 28, 2008 9:35pm
Quoting Thenew
FTI thanks for your guidance you deserve all kind words of the world, i donīt post too much in fact this is my first post, didnīt grasped totaly this concept yet.
Attacks, rescues, spiral, fib progression...are still not clear in my mind i know the main idea but something is missing ( havenīt seen the light yet)... anyway i have to reread this thread again and again until i fully understand this material, i am a slow slow learner and my english doesnīt help much either. Thanks to all, good people, may the fortune be with everyone. Cheers...
HI Thenew,

Welcome, do the learning slowly, every inportant point gotta be used in the market for it to be come clear to you.
If you are very new, do demos, then when you are ready, do it like how all tycoons build their wealth.
Start smallest and begin to build, you may not get it all right at first, slowly , if you are diligent it must come to you. Don't expect miracles, have patience with yourself.


regards
  • #4,157
  • Jul 28, 2008 9:40pm Jul 28, 2008 9:40pm
Quoting Zoran
I got a nice clear photo from my crystal ball before it disappears. Off to bed now....
Hey Zoran,
That looks like papa bear, and he seems cross
Well so much for predictions, back to the painful watch.

regards
  • #4,158
  • Jul 28, 2008 9:42pm Jul 28, 2008 9:42pm
Quoting fti
HI Thenew,

Welcome, do the learning slowly, every inportant point gotta be used in the market for it to be come clear to you.
If you are very new, do demos, then when you are ready, do it like how all tycoons build their wealth.
Start smallest and begin to build, you may not get it all right at first, slowly , if you are diligent it must come to you. Don't expect miracles, have patience with yourself.


regards
sir watch out your health, we are on the same time zone , i went and had my sleep n u r still battling out ?
im ashamed of myself now
why the bad news for dollar by the way ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #4,159
  • Jul 28, 2008 9:42pm Jul 28, 2008 9:42pm
[quote=lilpip;2133458]
Quoting fti
goodness , the eurusd tried 15736 again and I still cannot get my 15737 fill.
It tells me heaps about that level.



I have a feeling will all be dealing with that 5735-25 area in the session to come and after the way NY finished up I will be light till we can figure out whats going on.

Its funny we usually get some wandering of price after NY but not today, we stayed right where we were.
Hi lilpip,
I don't know.
May have been I was he only one in the world trading.

regards
  • #4,160
  • Jul 28, 2008 9:46pm Jul 28, 2008 9:46pm
Quoting auxesis
Usually after an extended move ending late NY price will usually consolidate into a sloping range until it finds an equilibrium, I recon this to a 24 hour mean price, today we ended NY at the equilibrium point, no where to go until some one decides to take it somewhere.
Hi auxesis,
I think market actually has a reason to go somewhere.
But big daddy took away the keys to the wheel.
So no ride on the town.
I smell them, but no ones's seen him,
Likely the proxy in , the question is who??

regards
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