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Technical Analysis Fallacy

  • #11,781
  • Dec 30, 2009 7:08pm Dec 30, 2009 7:08pm
Quoting fti
Hi All,

The Year is drawing to a close. And Ii was thinking, what is the most appropriate present for you chaps.

So here it is, I hope you like it.

After after 3 years since I unveiled it for you , it seems that many still connot understand this point. Sometimes people gets so into the woods that they cannot see the forest. 3 years ago, I said that it is important that you understand the structure of the OTC markets. And in the aow training I hinted that you must know "the enemy' and "the terrain" in which you battled. The point still...
If this is the case then why do you all (on this thread) follow the news and fundamentals? Doesn't make sense.
Living the adventure in my head.
  • #11,782
  • Dec 30, 2009 7:20pm Dec 30, 2009 7:20pm
Quoting Leonlorenzo
If this is the case then why do you all (on this thread) follow the news and fundamentals? Doesn't make sense.
You know, Leonlorenzo, it is a long story why we love news and fundamentals,
I think when you read the whole thread, you will understand.
We use also MACD, STOCH, WMA's, RSI, Trix, Trax, and also Trux,
all this stuff in one chart...... we also drink Gin Tonic while we trade,
BTW, that's the 1st rule!
The 2nd rule is to put our laptops looking at wall street.

That's it, just 2 rules.

Have a nice life,

T.
  • #11,783
  • Dec 30, 2009 7:35pm Dec 30, 2009 7:35pm
Quoting textor
You know, Leonlorenzo, it is a long story why we love news and fundamentals,
I think when you read the whole thread, you will understand.
We use also MACD, STOCH, WMA's, RSI, Trix, Trax, and also Trux,
all this stuff in one chart...... we also drink Gin Tonic while we trade,
BTW, that's the 1st rule!
The 2nd rule is to put our laptops looking at wall street.

That's it, just 2 rules.

Have a nice life,

T.
Groovy baby...
Living the adventure in my head.
  • #11,784
  • Edited 7:56pm Dec 30, 2009 7:40pm | Edited 7:56pm
Quoting Leonlorenzo
If this is the case then why do you all (on this thread) follow the news and fundamentals? Doesn't make sense.
so sad why some still cannot see.

well in a few words, because if you read hard, think and drop the egor, you'll beat the rigid masses, and yourself. Most important is one word, financial independence. May look likr one word too many to you.

If you cannot understand, well then you don't. Just that simple. Don't make cents, make big bucks.

Why? you asked, Because , if you did understand , you win ALWAYS, no question. Still don't believe me, thats fine, its your life. Make the best of it.
  • #11,785
  • Dec 30, 2009 8:01pm Dec 30, 2009 8:01pm
Quoting fti
so sad why some still cannot see.

well in a few words, because if you read hard, think and drop the egor, you'll beat the rigid masses, and yourself. Most important is one word, financial independence. May look likr one word too many to you.

If you cannot understand, well then you don't. Just that simple. Don't make cents, make big bucks.

Why? you asked, Because , if you did understand , you win ALWAYS, no question. Still don't believe me, thats fine, its your life. Make the best of it.
I'm suprised by some of your vouchers, if it wasn't for them then I'd have no problem calling you a complete fraud and BS'er. Also, it would help if you wrote things in a way which could be understood, then i'd be able to make a better judgement with regards to the validity of what you say.
Living the adventure in my head.
  • #11,786
  • Edited 8:24pm Dec 30, 2009 8:07pm | Edited 8:24pm
Quoting Leonlorenzo
I'm suprised by some of your vouchers, if it wasn't for them then I'd have no problem calling you a complete fraud and BS'er. Also, it would help if you wrote things in a way which could be understood, then i'd be able to make a better judgement with regards to the validity of what you say.
call me whatever you like. Money talks, BS walks. About your inability to understand, well don't take that too hard on yourself. A good education , it takes much resources,abilities and time.

see you in the markets. try not to trip on your way out.
  • #11,787
  • Dec 30, 2009 8:30pm Dec 30, 2009 8:30pm
Hello fti,
Long time reader, seldom poster.
Reading through your thread, it really put a smile on my face.
And, was one of the reason to make a return to ff
Not every dealer I've come across would do so much in a public forum.

Happy New year and my best wishes,

Your friends on the other side of the trade.
  • #11,788
  • Dec 30, 2009 8:35pm Dec 30, 2009 8:35pm
Quoting fti
call me whatever you like. Money talks, BS walks. About your inability to understand, well don't take that too hard on yourself. A good education , it takes much resources,abilities and time.

see you in the markets. try not to trip on your way out.
I completely agree that money talks, but you have never provided any proof that you are who you say you are, have done what you say you have done, have made any money in the markets or can even trade. I'm not saying that you should supply proof, but you should expect people to question your extravagant claims in the absence of it.

I find it very hard to believe that a man of your age and accomplishment would act as you do.
Living the adventure in my head.
  • #11,789
  • Dec 30, 2009 8:36pm Dec 30, 2009 8:36pm
Quoting textor
You know, Leonlorenzo, it is a long story why we love news and fundamentals,
I think when you read the whole thread, you will understand.
We use also MACD, STOCH, WMA's, RSI, Trix, Trax, and also Trux,
all this stuff in one chart...... we also drink Gin Tonic while we trade,
BTW, that's the 1st rule!
The 2nd rule is to put our laptops looking at wall street.

That's it, just 2 rules.

Have a nice life,

T.
textor, .....actually is more than 5.

Happy New Year.

regards
  • #11,790
  • Dec 30, 2009 8:46pm Dec 30, 2009 8:46pm
Quoting Leonlorenzo
I'm suprised by some of your vouchers, if it wasn't for them then I'd have no problem calling you a complete fraud and BS'er. Also, it would help if you wrote things in a way which could be understood, then i'd be able to make a better judgement with regards to the validity of what you say.


I completely agree that money talks, but you have never provided any proof that you are who you say you are, have done what you say you have done, have made any money in the markets or can even trade. I'm not saying that you should supply proof, but you should...
Leon,

You don't have to see someones credentials to understand when someone knows what they are talking about.

All it takes is knowing a little about the subject yourself, to know when you're in good company. If you don't get that from reading this thread, then you need to learn some more about your subject in order to understand your inadequacies.

Happy New Year.
  • #11,791
  • Edited 8:59pm Dec 30, 2009 8:47pm | Edited 8:59pm
....removed duplication...unable to delete
  • #11,792
  • Dec 30, 2009 8:49pm Dec 30, 2009 8:49pm
Quoting jacson101
Hello fti,
Long time reader, seldom poster.
Reading through your thread, it really put a smile on my face.
And, was one of the reason to make a return to ff
Not every dealer I've come across would do so much in a public forum.

Happy New year and my best wishes,

Your friends on the other side of the trade.
Hi jacson101,
Ist meeting, nice timing.

well , old and retired , have some time to pay back, for those who gave me the opportunities in my fast lanes. Many better that I , went away silent, also in rememberance of them.

Mostly those that can 'understand", they helped themselves. Can bring the horses to the pond, can't make them drink. Seek and ye shall find. You sound much experienced.

Happy New Year.

regards
  • #11,793
  • Dec 30, 2009 8:53pm Dec 30, 2009 8:53pm
The complete song, in old english. It's interesting to Google the translation of some of the old words and phrases. http://en.wikipedia.org/wiki/Auld_Lang_Syne

Enjoy and Happy New Year everyone.

Inserted Video
  • #11,794
  • Dec 30, 2009 8:57pm Dec 30, 2009 8:57pm
Quoting auxesis
Leon,

You don't have to see someones credentials to understand when someone knows what they are talking about.

All it takes is knowing a little about the subject yourself, to know when you in good company. If you don't get that from reading this thread, then you need to learn some more about your subject in order to understand your inadequacies.

Happy New Year.
I appreciate your calm response.

FTI (in the 1st post I quoted) stated that the market does not move based on the true supply and demand for a currency - this is what confused me. In this thread there is emphasis on news and fundamentals, and one would only consider these things when making their trades if they thought the majority of traders would effect the supply or demand of a currency.

Any comments?
Living the adventure in my head.
  • #11,795
  • Dec 30, 2009 8:59pm Dec 30, 2009 8:59pm
Quoting fti
Hi jacson101,
Ist meeting, nice timing.
Happy New Year.

well , old and retired , have some time to pay back, for those who gave me the opportunities in my fast lanes. Many better that I , went away silent, also in rememberance of them.

Mostly those that can 'understand", they helped themselves. Can bring the horses to the pond, can't make them drink.

regards
Timing is everything especially at my age, I'm just trying to stay away from the bond desk boom-boom room these days.

Very happy you've shared your time, I will always have room to learn more.

Thank you.
  • #11,796
  • Dec 30, 2009 9:06pm Dec 30, 2009 9:06pm
Quoting Leonlorenzo
I appreciate your calm response.

FTI (in the 1st post I quoted) stated that the market does not move based on the true supply and demand for a currency - this is what confused me. In this thread there is emphasis on news and fundamentals, and one would only consider these things when making their trades if they thought the majority of traders would effect the supply or demand of a currency.

Any comments?
Leon,

You need to read the thread instead of fishing for answers that were given earlier, and trying to impose a judgment without reading and studying.

The emphasis is on when the news announcements occur, as in watch out and get ready. It helps to try to form a basis of fundamental understanding as why the markets moving in a certain direction, but that basis is never allowed to jade your view of the chart.

Again, if you really want to understand what's going on here, the only way is to invest the time and effort and start at page #1 and STUDY all that's shared through the first 200 pages or so.

regards
  • #11,797
  • Edited 9:24pm Dec 30, 2009 9:11pm | Edited 9:24pm
Quoting Leonlorenzo
I appreciate your calm response.

FTI (in the 1st post I quoted) stated that the market does not move based on the true supply and demand for a currency - this is what confused me. In this thread there is emphasis on news and fundamentals, and one would only consider these things when making their trades if they thought the majority of traders would effect the supply or demand of a currency.

Any comments?
I thought you had an axe to grind. So you looking for education. Well since its New Year. And lest my ego overcomes me. Civility is first steps to humility.

OK , quick lesson in economic. try to read up and understand "Elasticity of Demand/Supply", That should lead you the right way.

Happy New Year.
  • #11,798
  • Edited 10:31pm Dec 30, 2009 9:55pm | Edited 10:31pm
Quoting auxesis
The complete song, in old english. It's interesting to Google the translation of some of the old words and phrases. http://en.wikipedia.org/wiki/Auld_Lang_Syne

Enjoy and Happy New Year everyone.

http://www.youtube.com/watch?v=acxnmaVTlZA
Happy New Year, aux.

Glad you dropped in.
Nice original vintage. beautiful.

regards

oops, Youtube is taking ages to upload the video, And I can't find it anywhere. So lets see if it will upload from 2009 , maybe till 2010 to get it up. Patience is being tested.
  • #11,799
  • Dec 30, 2009 9:57pm Dec 30, 2009 9:57pm
Quoting fti
I thought you had an axe to grind. So you looking for education. Well since its New Year. And lest my ego overcomes me. Civility is first steps to humility.

OK , quick lesson in economic. try to read up and understand "Elasticity of Demand/Supply", That should lead you the right way.

Happy New Year.
I'm always looking for education, thats why I visit the forum.

Happy new year to you too.

Regards,

Leon
Living the adventure in my head.
  • #11,800
  • Dec 30, 2009 10:27pm Dec 30, 2009 10:27pm
Quoting Leonlorenzo
I completely agree that money talks, but you have never provided any proof that you are who you say you are, have done what you say you have done, have made any money in the markets or can even trade. I'm not saying that you should supply proof, but you should expect people to question your extravagant claims in the absence of it.

I find it very hard to believe that a man of your age and accomplishment would act as you do.
Why so beligerant ? Obviously your starting out on the wrong foot, it is evident by this statement.
After you read the first couple hundred pages you will have a better frame of mind .
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