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Technical Analysis Fallacy

  • #12,101
  • Jan 5, 2010 2:07pm Jan 5, 2010 2:07pm
Quoting aiyahmarklah
aiyah our waters stinks from east to west, don't think its the industries, probably the land filling, water at the other side no need to comment lah hor.

Yah I am aware, maybe for short profits, mainly technicals telling me downside is limited already....price at equilberium ?
could it be the merchant marines, peeing into the sea regularly?

the trade carrys risk to about 14275/14300
  • #12,102
  • Jan 5, 2010 2:09pm Jan 5, 2010 2:09pm
Quoting Turveyd
REALLY, the worlds gone nuts due to 1 actual terrorist attack, which was even then allowed to happen at the very least if not arranged covertly, 8 years ago was it ??

They might aswell just pay everyone the same and admit they've sneaked communism in through the back door.
Agreed. I just add: comunists and their sons havestill power in post-communistlands. They are hidden. They own factories which were "peoples".
  • #12,103
  • Jan 5, 2010 2:22pm Jan 5, 2010 2:22pm
Quoting fti
could it be the merchant marines, peeing into the sea regularly?

the trade carrys risk to about 14275/14300

LOL they really got no choice, anyway as long as they are dumping "natural" stuff is still ok.

My skew has 4250ish as threshold, really depends, I may fall asleep in the middle of tokyo session so not sure how to gamble yet...
  • #12,104
  • Jan 5, 2010 2:23pm Jan 5, 2010 2:23pm
preparing L2
  • #12,105
  • Jan 5, 2010 2:31pm Jan 5, 2010 2:31pm
off

squared at 14371
  • #12,106
  • Jan 5, 2010 2:36pm Jan 5, 2010 2:36pm
Quoting fti
off

squared at 14371
Yup...0430 hrs already small hourly bar...
  • #12,107
  • Jan 5, 2010 2:37pm Jan 5, 2010 2:37pm
off

squared at 14371


now squared
see if can get cheaper ny closing

hung for too long,
  • #12,108
  • Edited 3:01pm Jan 5, 2010 2:50pm | Edited 3:01pm
best bargains should be twinlight zone, but probability is high early tokyo,

those not used to sleep deprevasion marathorns, should try get some naps.

and my eyes are playing tricks, I thought I glimse a post from a ne comer Arthur, got distracted by the market and now I can't find that post. wierd?
  • #12,109
  • Jan 5, 2010 2:59pm Jan 5, 2010 2:59pm
Quoting fti
best bargains should be twinlight zone, but probability is high early tokyo,

those not used to sleep deprevasion marathorns, should try get some naps.
I am going to the market (not fx mkt, wet mkt) for breakfast. Also watch those grannies and aunties buy stuff from the veg and meat stalls, I learn lots from them about trading.
  • #12,110
  • Jan 5, 2010 3:02pm Jan 5, 2010 3:02pm
Quoting aiyahmarklah
I am going to the market (not fx mkt, wet mkt) for breakfast. Also watch those grannies and aunties buy stuff from the veg and meat stalls, I learn lots from them about trading.
enjoy.
  • #12,111
  • Edited 3:30pm Jan 5, 2010 3:08pm | Edited 3:30pm
fti are you familiar with this guy ? Dr. Chan Yan Chong

Pic removed...
  • #12,112
  • Jan 5, 2010 3:12pm Jan 5, 2010 3:12pm
Quoting aiyahmarklah
fti are you familiar with this guy ? Dr. Chan Yan Chong

Attachment
Doesn't ring any bells. He treasuryman?

regards

Oh seems he is intellectual.
We different professions.
there many distinguished scholars around.
few dares to venture into the zone.
  • #12,113
  • Jan 5, 2010 3:19pm Jan 5, 2010 3:19pm
Quoting fti
Doesn't ring any bells. He treasuryman?

regards
no not banking direct, lecturer and analyst, sporean but prefer to stay in hk for their markets. Hmm just thought you might had seen him since he was from your generation and is rather famous, at least in the chinese speaking community. Made many nice calls on economics, stock and currency markets.
  • #12,114
  • Jan 5, 2010 3:32pm Jan 5, 2010 3:32pm
Quoting aiyahmarklah
no not banking direct, lecturer and analyst, sporean but prefer to stay in hk for their markets. Hmm just thought you might had seen him since he was from your generation and is rather famous, at least in the chinese speaking community. Made many nice calls on economics, stock and currency markets.
I don't recall any encounters with him.
In essence, these intellectual know their stuff well. Just that many of them have difficulty on the practise. There is wide difference between knowing and doing. Treasurymen like me, we live by the minutes and hours in markets, and we battle to the best of our skills, on whats happening.

The intelligent people they see 20 years forward.Its a different world. they and us are like water and oil. Sorry to say

In all fairness, they would appeal to investment class of traders, I am just trader and dealer trying to get thru everyday without having my head decorated out on a plate.

regards
  • #12,115
  • Jan 5, 2010 3:43pm Jan 5, 2010 3:43pm
Quoting fti
Oh seems he is intellectual.
We different professions.
there many distinguished scholars around.
few dares to venture into the zone.
i believe FTi when he says he could teach monkeys and doubt if big brain people could learn how to trade. most of my mistakes are interlectual

obama is speaking now... i ll be back
even with my eyes open i cannot see everything
  • #12,116
  • Jan 5, 2010 3:45pm Jan 5, 2010 3:45pm
Quoting fti
I don't recall any encounters with him.
In essence, these intellectual know their stuff well. Just that many of them have difficulty on the practise. There is wide difference between knowing and doing. Treasurymen like me, we live by the minutes and hours in markets, and we battle to the best of our skills, on whats happening.

The intelligent people they see 20 years forward.Its a different world. they and us are like water and oil. Sorry to say

regards
Yeah, sometimes I feel they get a better deal health wise.

I got to know a 20 yr veteran from ocxx, also deal in currency. Taught me lots of stuff, TA and stuff like that. But he look so old compared to his real age and smokes like a chimmey...I think you know what i mean...thats was a few years back, now he is retired also.

off for break fast, you shd be having yours too fti...
  • #12,117
  • Jan 5, 2010 3:51pm Jan 5, 2010 3:51pm
Quoting aiyahmarklah
Yeah, sometimes I feel they get a better deal health wise.

I got to know a 20 yr veteran from ocxx, also deal in currency. Taught me lots of stuff, TA and stuff like that. But he look so old compared to his real age and smokes like a chimmey...I think you know what i mean...
yeah , this man, with candles burnt both end, I may know.

regards
  • #12,118
  • Jan 5, 2010 4:01pm Jan 5, 2010 4:01pm
Quoting fti
yeah , this man, with candles burnt both end, I may know.

regards
I lost contact with him since last year when i lost my handphone along with all the records. But I am sure he won't mind if i say his name initials...JS

Going off now see you in a couple of hours if you are not sleeping, I have a preset scout long order at 4300.
  • #12,119
  • Jan 5, 2010 4:23pm Jan 5, 2010 4:23pm
Quoting j-pax
i believe FTi when he says he could teach monkeys and doubt if big brain people could learn how to trade. most of my mistakes are interlectual

obama is speaking now... i ll be back
I must overcome my arrogance.

The point I as trying to communicate is that mostly, info overload , impedes a trader from making critical and necessary trigger pulling decisions. The human intellect , (from my experiences with dealers training),is that,it always looks for ways to avoid and defray painful decisions, until it becomes damaging. Such is our nature.
And it take much hands on experience and accrument to overcome this scorpion. Generally the more intellectual the person, the task becomes more uphill.

And not that monkeys are easier to train.

regards
  • #12,120
  • Jan 5, 2010 4:26pm Jan 5, 2010 4:26pm
Quoting fti
I must overcome my arrogance.

The point I as trying to communicate is that mostly, info overload , impedes a trader from making critical and necessary trigger pulling decisions. The human intellect , (from my experiences with dealers training),is that,it always looks for ways to avoid and defray painful decisions, until it becomes damaging. Such is our nature.
And it take much hands on experience and accrument to overcome this scorpion. Generally the more intellectual the person, the task becomes more uphill.

And not that monkeys are easier...

Correct, the Brain and how it works is a pain isn't it.

I simplified my system today, information overload was causing a lack of trades we'll see if it helps!!

Some of the best traders I've known are dumb dumb dumb you give them a set of rules they don't understand and they run off and follow it faithfully while I'm still 2nd guessing myself and blowing my account.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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