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Technical Analysis Fallacy

  • #7,241
  • Jun 11, 2009 4:46pm Jun 11, 2009 4:46pm
ok, horse no 8 is catching up at the turn, last 100 meter.
Whip that horse !, common, home run.
oops , horse trying to throw jockey.

No, you're not on the wrong channel.
Just One sleepy trader trying to stay awake.LOL
need the coffee fix fast.
  • #7,242
  • Edited 5:20pm Jun 11, 2009 4:57pm | Edited 5:20pm
yeah, I think we did it.
Tokyo its all yours from here.
I'm on top.
00 comes

Time to ropein the Goldman sheeps.
yen leader.

If of any value., I am watching that head & shoulders POSSIBILITY on the Euro daily too. Its a long legged right shoulder, so watch the volitility IF that neck cracks. but of course its a big IF, probably watching for it next week. She's allworn out by .......who put that crystal ball on my desk?

Aa ha , took me out on 00.... biding 01, ,pls take that crystal ball off my desk,,, now where's my wallet?
  • #7,243
  • Jun 11, 2009 5:19pm Jun 11, 2009 5:19pm
Hi fti and all!

What's about that to stay awake ....
Inserted Video


Will go to bed now...
Wish you all some cool pips ;-)

CU
MaMood
  • #7,244
  • Jun 11, 2009 5:20pm Jun 11, 2009 5:20pm
back...watching...but still kinda stoned LOL

Watching markets at this hour is obscene.....
  • #7,245
  • Jun 11, 2009 5:25pm Jun 11, 2009 5:25pm
Quoting MaMood
Hi fti and all!

What's about that to stay awake ....
http://www.youtube.com/watch?v=abrKM1Z_te8&fmt=18

Will go to bed now...
Wish you all some cool pips ;-)

CU
MaMood
MaMood, are you trying to scare the skeleton daylights out of me. Here it ain't daylight yet.

nice rock !
  • #7,246
  • Jun 11, 2009 5:32pm Jun 11, 2009 5:32pm
Quoting aiyahmarklah
back...watching...but still kinda stoned LOL

Watching markets at this hour is obscene.....
By the way you callsign is mark lah.
Are you the Mark of, Nic L, Shaun and Mark? aka Baring brothers LLC(limited Liability Companions)?

regards
  • #7,247
  • Jun 11, 2009 5:38pm Jun 11, 2009 5:38pm
Quoting fti
By the way you callsign is mark lah.
Are you the Mark of, Nic L, Shaun and Mark? aka Baring brothers?

regards
LOL hell no !!!
  • #7,248
  • Jun 11, 2009 5:39pm Jun 11, 2009 5:39pm
Quoting aiyahmarklah
LOL hell no !!!
Oh , sorry, missed ID.

regards
  • #7,249
  • Jun 11, 2009 5:40pm Jun 11, 2009 5:40pm
How is the Tokyo open shaping up? Can only trade for a few hours now and then its off for a long weekend.

fti, that formation on the E/D day chart has had my eye for a while now. My bias has been up, but now the right shoulder has better formation to it. We'll see if it is going to be south, but will want to see a deeper move to get me in that frame of mind. Following the PA, regardless, as long as there are these big swings.

Regarding the earlier discussion on leaving trades open unattended. I think the idea of sitting with your trades is very wise. It is important to stay focused. I have one account for this kind of trading and it is my primary trading account. I do leave trades open for several hours unattended there, but only if I am way up on the trade and with a profit protecting stop in place.

I maintain another account for longer positions, which are trades that, by definition, go unattended. That kind of trading is not for this thread, and I will respect fti's wishes to stick to the theme of this thread.
  • #7,250
  • Jun 11, 2009 5:45pm Jun 11, 2009 5:45pm
Quoting fti
Oh , sorry, missed ID.

regards
what in the world made u think that ?
  • #7,251
  • Jun 11, 2009 5:47pm Jun 11, 2009 5:47pm
Quoting GEfx
How is the Tokyo open shaping up? Can only trade for a few hours now and then its off for a long weekend.

fti, that formation on the E/D day chart has had my eye for a while now. My bias has been up, but now the right shoulder has better formation to it. We'll see if it is going to be south, but will want to see a deeper move to get me in that frame of mind. Following the PA, regardless, as long as there are these big swings.

Regarding the earlier discussion on leaving trades open unattended. I think the idea of sitting with your trades...
hey, no harm done.
Just that, the long sword is far different than any of you had envisioned.
But for a discussion on that , you must know about fair pricing models, and the greeks esp zero cost synthetics. Some here may be mislead that it has any resemblence to dancing the markets and super imposing the dance to the long sword , doesn't give it much justice.
As a matter of fact many here had mistaken, short ride extensions to long sword strategies. Can't go there yet, at least not until there's veteran traders to discuss it. Mostly french to many here.

regards
  • #7,252
  • Jun 11, 2009 5:49pm Jun 11, 2009 5:49pm
Quoting j-pax
hey lilpip and everyone,

i cannot trade other than anound NY-close... today i had two hours during london session watched and traded 5m. tf. and lost many pips but it was on a 50$ scout with two 100$ rescues ... closed my trade when i had work to do.i lost about 50 cents. (still this is harder than losing 100 demo$)

i will stick to "around NY-close" and i trade off the 1 min.tf and look at 5 and 15 min chart for trend.

i want to ask you lilpip: do you look at 5 min candles because when i did often i could not concentrate because there seems...
I just got on line for a moment and its good to see the interaction, takes a bit to read.

As fti said look at groups of candles and their formations as you watch candle by candle to make your move and yes I watch the 5.

When I started looking at groups I was able to relax more.
We need to consider their spiral for rescue and attacks.
When you accept the mm handling 120-140 price going against you its easier to do so.
And do not over trade, we should be ok.

Got to take care of some things, take care.
  • #7,253
  • Jun 11, 2009 5:51pm Jun 11, 2009 5:51pm
Quoting aiyahmarklah
what in the world made u think that ?
you callsign, Ai yah Mark lah.
So I thought he was trying to hint me.
But of course you are not either him or morales, trying to pull my legs.No?

Anyway, wrong ID , sorry.

regards
  • #7,254
  • Jun 11, 2009 5:56pm Jun 11, 2009 5:56pm
Quoting fti
you callsign, Ai yah Mark lah.
So I thought he was trying to hint me.
But of course you are not either him or morales, trying to pull my legs.No?

Anyway, wrong ID , sorry.

regards
hahahaha, no need to apologize. This is the world wide web so anything is possible.

Regarding your earlier post, you meant delta neutral ?
  • #7,255
  • Edited 6:14pm Jun 11, 2009 6:01pm | Edited 6:14pm
Quoting aiyahmarklah
hahahaha, no need to apologize. This is the world wide web so anything is possible.

Regarding your earlier post, you meant delta neutral ?
delta neutral books, does nothing except temp zero expose.
zero costed carry. delta gets deep in the money, very deep, if you get the drift.
sigma super +ve, theta -ve. form is boxed synthetic butterflys.
Without mastering short sword, you have no handle.

Are you sure , you are not the mark?
if suits, outside line.



regards
  • #7,256
  • Jun 11, 2009 6:05pm Jun 11, 2009 6:05pm
A discussion on long term trading would be fun, but it is not for the faint of heart. GEtting to be focus time, so see you all later.
  • #7,257
  • Jun 11, 2009 6:30pm Jun 11, 2009 6:30pm
Quoting fti
delta neutral books, does nothing except temp zero expose.
zero costed carry. delta gets deep in the money, very deep, if you get the drift.
sigma super +ve, theta -ve. form is boxed synthetic butterflys.
Without mastering short sword, you have no handle.

Are you sure , you are not the mark?
if suits, outside line.



regards
I am not the mark you think i am....LOL. I am 27 years young with only secondary school education, no where near the type of people you are talking about.

Ok, so essentially you will be hedged lah. But getting the maths right doesn't mean anything.

---something going on on the dance floor, or is it just me ?----

lol lol lol fti, u really threw me off early in the morning lol lol
  • #7,258
  • Edited 6:54pm Jun 11, 2009 6:38pm | Edited 6:54pm
Quoting aiyahmarklah
I am not the mark you think i am....LOL. I am 27 years young with only secondary school education, no where near the type of people you are talking about.

Ok, so essentially you will be hedged lah. But getting the maths right doesn't mean anything.

---something going on on the dance floor, or is it just me ?----

lol lol lol fti, u really threw me off early in the morning lol lol
so is Nic, anyway noted. not 27

yeah, they don't like me.
Sheeps still control.
Don't know what the toyko boys think.
Seems the sheeps keep making my profits disapear. lately.
anyway have lots of ammo, lets see.

maybe I am getting rigid? sure hope not.
Who motivates the motivator?
Who saves the a...a...a pro?
Only angels can, I guess.

I 'll probably give it a little more rope. Otherwise I call it a week.

regards
again.

Inserted Video


So mark are you still doing the hamster thingy to keep awake?
  • #7,259
  • Jun 11, 2009 6:55pm Jun 11, 2009 6:55pm
Quoting fti
delta neutral books, does nothing except temp zero expose.
zero costed carry. delta gets deep in the money, very deep, if you get the drift.
sigma super +ve, theta -ve. form is boxed synthetic butterflys.
Without mastering short sword, you have no handle.
So when are you going to get into this a little deeper? I remember you said once that we'll know when we're ready.

I was wondering whether this strategy I have somehow relates to your long sword? I know the overnighter is just an extension of the short sword but the long sword terminology you use has me baffled.

Do we need to understand options to get the gist of things?
  • #7,260
  • Jun 11, 2009 7:04pm Jun 11, 2009 7:04pm
Quoting fti
If of any value., I am watching that head & shoulders POSSIBILITY on the Euro daily too. Its a long legged right shoulder, so watch the volitility IF that neck cracks. but of course its a big IF, probably watching for it next week. She's allworn out by .......who put that crystal ball on my desk?

Aa ha , took me out on 00.... biding 01, ,pls take that crystal ball off my desk,,, now where's my wallet?
Oh My!!

edit: right shoulder looking ugly.
Attached Image
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