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Technical Analysis Fallacy

  • #6,001
  • Mar 14, 2009 3:46pm Mar 14, 2009 3:46pm

...thread comes alive?...king will go down from mountains?

WELCOME FTI !!!

many ears to listen ,many hearts to know wisdom ...

wisdom, stories, music, pleasant atmosphere ,the return of the king?


  • #6,002
  • Mar 14, 2009 3:57pm Mar 14, 2009 3:57pm

The human brain is 38x more powerful than the fastest supercomputer in the world

Most supercomputers in the world is 100000x faster than normal domestic group. However, this supercomputer but the power is not enough for the average human brain. This study showed Dharmendry Modhy, head of IBM Research Institute.
...but the human brain only works on 10%?!?

  • #6,003
  • Mar 14, 2009 3:57pm Mar 14, 2009 3:57pm
Quoting fti
Hi,
@Gro,
Thank You for your graciously beautifying this thread with your gift.....just beautiful.

@auxesis
Congratulations and Salutations for the investiture of an Eagle Scout in your family. May he live a proud and honourable life, to all and to himself. .lll.
The motto, always , be prepared.
http://www.youtube.com/watch?v=8Hgu769jXIk&fmt=18

@to all who had made it, or thinks that they had made it
here's for you, the secrets to my success and analysis.
the advance level, if you please.

Thanks to jesslafleur for making it. I was...
tracking back your posts, you said that technical indicators are only statistical facts and i agree, and that you said market makers only mark prices when large orders at different levels are staring at each others, if thats the only reason they move the market for, give me one reason as to why S/R levels appear to work, and what created them in the first place,

yes.. somebody needed to shape our market understanding in order to take FULL advantage, how would he?, im sure you know the answer...
I recommend you read something else as this sentence is now concluded.
  • #6,004
  • Mar 14, 2009 4:15pm Mar 14, 2009 4:15pm
Quoting Obaidah
tracking back your posts, you said that technical indicators are only statistical facts and i agree, and that you said market makers only mark prices when large orders at different levels are staring at each others, if thats the only reason they move the market for, give me one reason as to why S/R levels appear to work, and what created them in the first place,

yes.. somebody needed to shape our market understanding in order to take FULL advantage, how would he?, im sure you know the answer...
Hi Obaidah
statistically the success S/R approximately 46%
Regards
  • #6,005
  • Edited 4:33pm Mar 14, 2009 4:23pm | Edited 4:33pm
Quoting Gro
Hi Obaidah
statistically the success S/R approximately 46%
Regards
first program i wrote was an EA to measure the probabilty of success of S/R levels, testing many pairs and different TFs, the mean was ~49%, even though, such a rate cant be caused by luck, something must be behind it,

other statistical facts were that, if you take random entries with a stoploss that is based on spread (twice as the spread) and the takeprofit is one and a half, your success rate would be approximately 37%, where when used a trend confirming indicator like QQE and stoch, the average rate of success was 40% for the same R:R ratios, so yea 3% change proves the fallacy in technical indicators claims
I recommend you read something else as this sentence is now concluded.
  • #6,006
  • Mar 14, 2009 5:02pm Mar 14, 2009 5:02pm
Quoting Obaidah
first program i wrote was an EA to measure the probabilty of success of S/R levels, testing many pairs and different TFs, the mean was ~49%, even though, such a rate cant be caused by luck, something must be behind it,

other statistical facts were that, if you take random entries with a stoploss that is based on spread (twice as the spread) and the takeprofit is one and a half, your success rate would be approximately 37%, where when used a trend confirming indicator like QQE and stoch, the average rate of success was 40% for the same R:R ratios,...
Hi Obaidah
... try this

This thread is great music and the way.

Attached Image
  • #6,007
  • Mar 15, 2009 1:38am Mar 15, 2009 1:38am
Excellent work
http://www.chilloutzone.de/files/pla...CeeWCejXnHAS/c
  • #6,008
  • Mar 15, 2009 7:01am Mar 15, 2009 7:01am
Gro,

Outstanding production my friend. That must have taken some serious planning & coordinating skills by the producers. Tks for sharing.
  • #6,009
  • Mar 16, 2009 12:39am Mar 16, 2009 12:39am
Quoting Zoran
Thanks for the link fti. Perhaps this one compliments it (closely but not entirely).

http://www.ajna.com/articles/everything_in_motion.php
@zoran
isn't this the link I gave you while I gave you the ky book?
  • #6,010
  • Edited 2:46am Mar 16, 2009 12:43am | Edited 2:46am
Quoting lilpip
fti,
Before I read your utube post, this morning I was reflecting on the e/u and its movement this week and in conclusion I thought to myself she painted a picture and she was telling a story threw her movement.
As I recognized this fact I needed to pay closer attention to what shes drawing, and to take note stroke by stroke so Im attentive to what shes trying to tell me.
After reading your post I can't imagine putting energy into or telling the story teller what turn the story should take.
Doc doesnt either.
@lilpip,
You already know, so why do you do her wrong?
  • #6,011
  • Mar 16, 2009 12:46am Mar 16, 2009 12:46am
Quoting luSan
Now we know the secret.
Alan Watts and Zen trading.

It makes sense,
a lot of sense.
-how come I forgot.-

I am a hawk in the 5M chart sky.

A thousand thanks.
Lusan,
What's zen trading?
Are you smoking something too strong?
  • #6,012
  • Mar 16, 2009 12:47am Mar 16, 2009 12:47am
Quoting fti
@zoran
isn't this the link I gave you while I gave you the ky book?

long time no see sir,
hope you are well
To Live is the rarest thing in the world , Most people exist , that is all
  • #6,013
  • Edited 2:15am Mar 16, 2009 12:59am | Edited 2:15am
Quoting Gro

The human brain is 38x more powerful than the fastest supercomputer in the world

Most supercomputers in the world is 100000x faster than normal domestic group. However, this supercomputer but the power is not enough for the average human brain. This study showed Dharmendry Modhy, head of IBM Research Institute.
...but the human brain only works on 10%?!?

Gro,
Actually the human brain only uses <=>2% of resources at any time. That's because much is for data warehousing. But its ashame that much resources are hynotised by "intrusion media" into fictitious possibility thoughts and too much is assigned to emotional dramas. The poor brain waste much time resources on sieving out pieces of illogical junk thats handed to it from storage due to faulty input. And pity to those over-loaded brains who actually is overwhelmed by the junk load. With help at ward 13, some do recover, but need rebooting regularly.

Just for your enlightenment, there is no master, all are students,at different levels for the mastery. And I do no like to live on a house at the top of the hill. It attracts too much of everything. So for me , sorry , no hill to come down from.

regards
  • #6,014
  • Edited 1:23am Mar 16, 2009 1:05am | Edited 1:23am
Quoting maheswara

long time no see sir,
hope you are well
Hi maheswara,

Have been keeping well.
Book is very good too. did 3X on the book already.
The financial chaos is giving much opportunities. If this keeps up, Annualised ROI would be in the thousands %.
But surely the markets will tame down a little soon, lets see.

This stuck to my dealing desk, although fun is dragging me out of my retirement. Was invited to a pow wow, so am considering it.
http://www.twinbeach.com/
But of course I would be camping out there on a boat instead.

regards
  • #6,015
  • Mar 16, 2009 1:10am Mar 16, 2009 1:10am
Quoting fti
Hi maheswara,

Have been keeping well.
Book is very good too. did 300% on the book already.
The financial chaos is giving much opportunities. If this keeps up, Annualised ROI would be in the thousands %.
But surely the markets will tame down a little soon, lets see.

regards

300% !

To Live is the rarest thing in the world , Most people exist , that is all
  • #6,016
  • Edited 2:12am Mar 16, 2009 1:43am | Edited 2:12am
Quoting Obaidah
tracking back your posts, you said that technical indicators are only statistical facts and i agree, and that you said market makers only mark prices when large orders at different levels are staring at each others, if thats the only reason they move the market for, give me one reason as to why S/R levels appear to work, and what created them in the first place,

yes.. somebody needed to shape our market understanding in order to take FULL advantage, how would he?, im sure you know the answer...
Hi Obaidah,
Given that you do not understand and having no handle of my methodology(that which I use), it would be difficult for you to understand me. However giving that you had posted some stats thats about correct, I would like to highlight to you that general use of the Resistance/Support level guides would generally give you odds equal to flipping a coin.
This perspective to the markets can do your book little harm while the markets performs at and near it standard deviation(SD) means. Trouble become evident when she performs to the 2nd and 3rd SD levels.esp at 3rd SD. Given that, the behaviour of markets are human emotional driven, it would generally conform to the bell curve. (syne curve).
The market activities recently encompasses much ,"hard hand intervention" and had been behaving more towards the digital characteristics (square wave) manipulated behaviour, but as in all things, it will return analog ultimately.
All things, when left to it own, returns to the state of its origin,nature. "Law of equilibrium" aka yin yang.

regards
  • #6,017
  • Edited 3:02am Mar 16, 2009 2:47am | Edited 3:02am
Playlist


Looooooooooooong Cool Woman
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woman
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Magic Woman
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  • #6,018
  • Mar 16, 2009 3:09am Mar 16, 2009 3:09am
youtube

you the man fti
  • #6,019
  • Edited 4:05am Mar 16, 2009 3:16am | Edited 4:05am
Quoting Skinner
youtube

you the man fti
wanna break free
Inserted Video


incidentally she's breaking free too
took profits 2 waves alreeady, careful.
now waiting for Eur CPI ,refer to FF calender, will she do it?

P walkways LIVE
Inserted Video

DutchAngel, eat your heart out...

regards
  • #6,020
  • Mar 16, 2009 3:37am Mar 16, 2009 3:37am
Quoting fti
wanna break free
http://www.youtube.com/watch?v=9hMrY8jysdg&fmt=18

incidentally she's breaking free too
took profits 2 waves alreeady, careful.
now waiting for Eur CPI ,refer to FF calender, will she do it?

P walkways.
http://www.youtube.com/watch?v=18FgnFVm5k0&fmt=18

regards
yup 1% made,
scout still in ...
90 mins to news ,still a lot of time for her to dance
To Live is the rarest thing in the world , Most people exist , that is all
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