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Technical Analysis Fallacy

  • #10,361
  • Edited 3:18pm Sep 10, 2009 2:16pm | Edited 3:18pm
Quoting GEfx
There are believers and there are non-believers. There are those who read the bible seeking truth, and there are those looking for contradictions. To receive the truth, you must have an open mind and an open heart. Until then, no talking will break through.
I never approached my reading of the Bible looking for contradictions. I was looking for something else, but was ultimately disappointed in my search. There are undoubtedly many words of wisdom in the good book, but anyone who takes every word as the literal truth is truly living on a different planet to me.

EDIT:

Quoting GEfx
BTW, the texts that were rejected for inclusion in the bible are widely available and widely read today. They are interesting reads, and understanding why they were rejected is also interesting.
I wasn't sure if you were being humorous at first when you said this. The texts such as those contained in the dead sea scrolls are widely available today despite the strenuous efforts of the Catholic church to delay and obstruct their translation at every turn, and not because of any open-mindedness on the part of the religious establishment.

Mind you, nobody could ever accuse the Catholic church of being open minded. I still find it unbelievable that in 1976 they held a meeting to decide whether to posthumously reverse their excommunication of Copernicus, a punishment he received for having the temerity to state that the Earth revolved around the Sun and not the other way around. They eventually decided not to pardon him !!! How's that for progressive thinking?
  • #10,362
  • Edited 4:30pm Sep 10, 2009 3:35pm | Edited 4:30pm
ok something on trading:

Quoting ukmanthailan
Well, since I stopped trying to add to attacks and ride non-existent trends and started taking quick profits instead, I have been doing a lot better in the markets as they are at the moment.
i remember this quote because i am doing the exact opposite since i radicaly reduced my scout size. every time i feel my bias is confirmed i add a litlle to my position and every time i doubt i take some of.

i read you are studying Sun Tzu and regarding this subject you may find this interesting

Hence a wise general makes a point of foraging on the enemy. One cartload of the enemy’s provisions is equivalent to twenty of one’s own, and likewise a single picul of his provender is equivalent to twenty from one’s own store


before i attack i need to have some "provisions" (profits) so i put in a couple of small trades before i start attacking with what used to be my scout. then i can attack longer.
and i never add before the last trade is in profit. the troops need food and food taken weakens the enemy.
if my 2 or 3 scout get hungry i get them out.

this is one of my favorite AOW quotes.

hope to get some feedback,

greets jacco
even with my eyes open i cannot see everything
  • #10,363
  • Sep 10, 2009 4:09pm Sep 10, 2009 4:09pm
Germany dumping dollar bonds...

http://www.bloomberg.com/apps/news?p...d=a22vNiCVLSaw
Empty as water and soft as a facing wind mountain
  • #10,364
  • Edited 8:44pm Sep 10, 2009 8:02pm | Edited 8:44pm
before i attack i need to have some "provisions" (profits) so i put in a couple of small trades before i start attacking with what used to be my scout. then i can attack longer.
and i never add before the last trade is in profit. the troops need food and food taken weakens the enemy.
if my 2 or 3 scout get hungry i get them out.

Hi J-pax,

The above comment is very good point, Thank you.

Me too I regreted I did find TAF thread long time ago - doesn't matter at least I am reading & learning right now.

Regards,

Pete.
  • #10,365
  • Edited Sep 11, 2009 12:17am Sep 10, 2009 8:27pm | Edited Sep 11, 2009 12:17am
[quote=ukmanthailan;3038434]I was also wondering whether there is anyone on this thread who is either still grappling with The Art of War and would be interested in swapping notes / ideas, or anyone who has already covered it and wouldn't mind having a look through my thoughts on how it applies to trading and letting me know if I am on the right track?

Hi UKman,

Have a look at Lusan journal II (go to his profile & look at his thread start, sorry I dont know how to attach his thread in here). His Journal is one the the best learning curve, tells you every thing of his thought winning & lossing trades.

Lusan - Thanks for your trading journal II they are great I learn a lot from you

Or you can start your own trading journal and ask experience trader to correct your mistake. Well I also can learn from your trading journal too if you're going to do your trading journal. Thanks in advance. (sorrry just kidding)
Me - I'm going to start to do my own trading journal to keep record & check my trading progress & also to avoid to make the same mistake again.

Just my 2cents.

btw I PM you.

Regards,

pete.
  • #10,366
  • Sep 10, 2009 9:17pm Sep 10, 2009 9:17pm
Quoting ukmanthailan
I was also wondering whether there is anyone on this thread who is either still grappling with The Art of War and would be interested in swapping notes / ideas, or anyone who has already covered it and wouldn't mind having a look through my thoughts on how it applies to trading and letting me know if I am on the right track?


Or do the more experienced posters think that if I re-read the notes in this thread, I should be able to sort it out myself?
read thoughts and comments pages 50-55 or so.
fti gives comments on lessons 1 and 2.
  • #10,367
  • Sep 10, 2009 9:18pm Sep 10, 2009 9:18pm
Scaled back, eyes open e/u 4604 area.
  • #10,368
  • Sep 11, 2009 2:04am Sep 11, 2009 2:04am
Quoting pete.alfa
Me - I'm going to start to do my own trading journal to keep record & check my trading progress & also to avoid to make the same mistake again.

.
hello pete,

you are right i should be happy i found fti's thread even if it's late. it's good to know i am not alone.

i will check your profile to see if you started the journal. i will be following it for my learning... thank you in advance


greets, pax
even with my eyes open i cannot see everything
  • #10,369
  • Sep 11, 2009 2:40am Sep 11, 2009 2:40am
its neither strength , nor technique , not even speed ...
its the "feel of present moment" that separates the able and not ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #10,370
  • Sep 11, 2009 2:56am Sep 11, 2009 2:56am
I wasn't sure if you were being humorous at first when you said this. The texts such as those contained in the dead sea scrolls are widely available today despite the strenuous efforts of the Catholic church to delay and obstruct their translation at every turn, and not because of any open-mindedness on the part of the religious establishment.

Sorry about a non-trading post, but I was thinking about the gnostic texts that were considered but rejected for inclusion in the bible. Good trading everyone, and God bless.
  • #10,371
  • Edited 3:16am Sep 11, 2009 3:02am | Edited 3:16am
@ GEfx Let's leave the religious debate maybe. We both have different beliefs and I respect yours.

@ lilpip Thanks - will have a look back over those pages

@ Pete - thanks for your pointers too. I did think about starting a trading journal but I am not prepared to share all my mistakes with the world

@ j-pax I very rarely remove a scout unless his position looks completely unrecoverable. I used to have a tendency to flip my positions far too easily and now I will fight for as long as necessary to recover a man without having to sustain any losses (as long as it does not involve risking a silly amount of my capital).

EDIT: If I did have a trading journal on here I would have to admit to silly things like how I made 8.5% on my account yesterday owing to the fact that I went out leaving a larger than usual open position (was in a rescue), planning to monitor it and trade from my pda. My pda went flat and by the time I got back to the car and put it on charger I had a nice profit sitting there. I personally would have closed the position as soon as it was no longer in a loss. Could have gone the wrong way but I am happy that it didn't
  • #10,372
  • Sep 11, 2009 3:39am Sep 11, 2009 3:39am
This reminded me of Auxesis Laminim... and now I know why I have always hated figs... (have no need )

Inserted Video
  • #10,373
  • Sep 11, 2009 4:09am Sep 11, 2009 4:09am
Quoting maheswara
its neither strength , nor technique , not even speed ...
its the "feel of present moment" that separates the able and not ...
actually its the combination of everything you mentioned.
strength, technique, speed and THE FEEL OF THE PRESENT MOMENT...
  • #10,374
  • Sep 11, 2009 4:21am Sep 11, 2009 4:21am
Most people who want to trade forget, that they have to be well-balanced. In good minds coditions.....
  • #10,375
  • Sep 11, 2009 4:48am Sep 11, 2009 4:48am
OK, happy trading day to everyone. We are sitting on some pretty obvious stall points on several pairs, so lets see if they can get moving from here. Waiting for the next surge on the GBP and EUR. E/J has moved to a nice position and will watch it (shorted it last night for a nice run south). Trade well my friends.
  • #10,376
  • Sep 11, 2009 5:30am Sep 11, 2009 5:30am
Wanda had always read about adventure. Now she was in the middle of one. The World of Fairies is real, and she is their new Crystal Keeper, human caretaker to the World of Fairies. But the Fairy World is in trouble. The fairies are falling ill from the pollution that ravishes the world above. Wanda has to find the key to their cure, before it's too late.

But like in all adventures, there are a few unanswered questions to solve. What has happened to the old Keeper? What are Germites? And can Wanda get used to her cat giving her backtalk while trying not to get grounded for helping the fairies? Join Wanda on her adventure, while she finds out that sometimes the best solution to a problem is the one you find within yourself.
Gone to a better place
  • #10,377
  • Sep 11, 2009 5:46am Sep 11, 2009 5:46am
[quote=ukmanthailan;3044556@ j-pax I very rarely remove a scout unless his position looks completely unrecoverable. I used to have a tendency to flip my positions far too easily and now I will fight for as long as necessary to recover a man without having to sustain any losses (as long as it does not involve risking a silly amount of my capital).
[/quote]

hi ukmanthailan

i do have a tendency to changes sides when i am out. when i want to flip i say to my self "don't be a pig J." i am only taking out my scout to put it back at a better level.
i could add to my scout at this better level, but this way i have build many losing positions, that's why i only add when last trade is in profit.

how you do your trading looks more profesional to me.
mostly i do not have the time to wait for scout to come back in profits when price is in a range and often i have to stop trading before i see a rescue-opportunity.

greets and a good weekend, pax
even with my eyes open i cannot see everything
  • #10,378
  • Sep 11, 2009 6:00am Sep 11, 2009 6:00am
I think I would find trading with a time limit quite hard. Often I will start about 4 or 5 am, European time, and sometimes still be staring at the screen 12 hours later. I managed to last through the night one time, but I nodded off for a few minutes once or twice.

Hope you have a good weekend too.

I feel like getting drunk and misbehaving - have to see if I can resist the temptation.
Quoting j-pax
hi ukmanthailan

i do have a tendency to changes sides when i am out. when i want to flip i say to my self "don't be a pig J." i am only taking out my scout to put it back at a better level.
i could add to my scout at this better level, but this way i have build many losing positions, that's why i only add when last trade is in profit.

how you do your trading looks more profesional to me.
mostly i do not have the time to wait for scout to come back in profits when price is in a range and...
  • #10,379
  • Edited 10:54am Sep 11, 2009 7:18am | Edited 10:54am
hello ukmanthailan,

if you have this much time, what i was saying could be great for you.
to me the AOW quote is mostly how you should build up an attack. and get the resources from your enemy.

i believe you said that you like to have a quick attack (with bigger lotsize) this is like taking a castle.
how i read the quote is, on your way to the castle plunder every litle house you see (using smaller size to trade). also this way the troops don't get sleepy on their way there.

i now think, when fti says he trades agressive, he is not only talking about risk appetite.

my skew is 1-1-2-3-5-8-13-21 never made it to eight and 5 was my original scout size.
given enough time you could make it to 21 if the trend keeps going.

i hope i make some sense.


Quoting ukmanthailan

I feel like getting drunk and misbehaving - have to see if I can resist the temptation.
if you can't resist... enjoy it, the same for me
even with my eyes open i cannot see everything
  • #10,380
  • Sep 11, 2009 1:38pm Sep 11, 2009 1:38pm
Quoting fti
....they had paid lesser attention to skews , indicates that they had mastered the dance and the MM is inreality the stretegic difference of flowing with the dance. Howerver in the background of the battle , the MM is the controller of the dance.

There is no vagueness about the polar opposite to technical indicators, at the least , and due to logistically sound MM and mindset, it is just superior to any lag indicator studies available. Mostly by leaps, due to MO nimbleness.
I could be me...but this post keeping coming back to my mind...I keep reflecting on it...it says so much and so amazing...so powerful..

Have you friends thought about it?
Empty as water and soft as a facing wind mountain
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