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Technical Analysis Fallacy

  • #12,561
  • Jan 10, 2010 8:18am Jan 10, 2010 8:18am
Quoting Baifu
Lusan, can’t repost stripped chart, Chief said too much distraction.
Sure..
By the way, I found that any type of indicators in my charts hurt me to see the truth.
Empty as water and soft as a facing wind mountain
  • #12,562
  • Jan 10, 2010 11:24am Jan 10, 2010 11:24am
hello every one hope you had a nice weekend.

i watched the movies "resurection af the dragon" and "red cliff" again (fti recommended) and found out that last year red cliff 2 came out.. i am downloading now... and realy curious. i love the first movie!!

kind greets, pax
Inserted Video
even with my eyes open i cannot see everything
  • #12,563
  • Jan 10, 2010 11:30am Jan 10, 2010 11:30am
fti, liked to give shout out of thanks for working with the girl on screen.

I hadnt had a chance to review but one thing I immediately noticed was the patience thats needed (noted and applied).
  • #12,564
  • Edited 12:36pm Jan 10, 2010 12:23pm | Edited 12:36pm
Quoting Baifu
Hi fti,
Agreed. I am 3 years late to this thread, am now on page 60ish of my second read, where skew, spiral in/out from phi and pi are discussed.

Quote from #813
@ Zoran
I think Zoran did ask me about my using the pi against that was suggested in the golden ratios (phi) by some posters here. I will answer him here as it is related issue.
[font=Verdana][color=black]Using a phi...
Hi baifu,
This is what i heard.
There are some people, pacjkaging the lessons and adding their indicators to the MO and MM.( The bad thing , is they are selling it, when the creator annot even master himself,) Is that wrong? Yes it is, When you add any colour to colourless water, what is the colour now. If you add a filter to photos or sound filter to music what happens? When you add the same, filters into your dance what does the sandboxes do?

In the real dance, there are so many factors at play at any one given time. When distracted from terrain by rigid colouration by parameters what does it do to the mind?
Dancing a dynamic changing environment to a rigid , preconceived perspective only make for rigidity. And it will destroy your ability to "feel" change. Infact the terrain must be in the mind, not on the chart. Can you change your plots and distractions faster than the terrain map in your mind? Unless you can then you are as rigid as any "fortune teller" and you predictions and rigidity will blind you.

If you had practised any form of competitive sport against a life exponent , you will understand what I mean. If you deoend on one or two tricks to beat a life thinking exponent you are doomed.

Give me a life exponent and we have to spar, give me a robot and its dead on it tracks.



regards
  • #12,565
  • Jan 10, 2010 12:33pm Jan 10, 2010 12:33pm
Quoting fti
Hi j-pax,

Taking about Leighsww, are you in contact with her.
I guess she would be doing good, if she can remember her training. But her spreadsheet robot I feel a little dangerous. Are you friends?

regards
Hi fti, Leigh sends you her best and wishes you and everyone here a happy new year.
  • #12,566
  • Edited 12:52pm Jan 10, 2010 12:36pm | Edited 12:52pm
Quoting GEfx
Sorry j-pax, but I just saw your edited version. Yes, I think there is at least some hope that after the mid-term elections, there will be a move to cut spending and do what is necessary to revive the economy.
hello GEfx, i should nor edit my replies just add new one. i realy hope with you, that they do that... it will probably hurt (double dip?) when not, a W does not seem so bad when i think about another leg down in the future.

about my first/deleted reply... just make shure you and your family are safe. that's what i thought fti said and wanted to double that.

kind greetings, pax
even with my eyes open i cannot see everything
  • #12,567
  • Edited 1:15pm Jan 10, 2010 12:55pm | Edited 1:15pm
Quoting Zoran
Hi fti, Leigh sends you her best and wishes you and everyone here a happy new year.
thanks, zoran, I wish her well too. and I pray that she remembers her training, plus the extra that had been given on the thread.

I remind all, unless you have mastered , it is foolish to modify. You cannot modify skills. Even us masters , e dare not modify. I believe there are many intetelligent people reading the thread. If you had the experience, you wouldn't need read. And I am surprised that there are actually people here who have good trading skills and they read too, for them there's little to learn. Just reinorcement o their already existing skills, going back to basics. Tweaking for performance is for the novice, they'll awlays do that, to their detriment. Once mastered , there's nothing to tweak, only need practise to hold to skills.
You don't use it , you lose it.

regards
  • #12,568
  • Edited 2:50pm Jan 10, 2010 1:39pm | Edited 2:50pm
Quoting fti
I remind all, unless you have mastered , it is foolish to modify. You cannot modify skills. Even us masters , e dare not modify. I believe there are many intetelligent people reading the thread. If you had the experience, you wouldn't need read. And I am surprised that there are actually people here who have good trading skills and they read too, for them there's little to learn. Just reinorcement o their already existing skills, going back to basics. Tweaking for performance is for the novice, they'll awlays do that, to their detriment. Once mastered...
hello fti, i feel realy weird to question what you say...anyway, for good understanding: do you mean MO and MM when you are saying skill?? because i believe sklill is a combination of what "god" has given you and how you practise; this cannot be modified.

if i am wrong please let me know and i will think harder about what you said.

i'll edit my worries here about my MO...
you said what is cheap and expensive dependse on a benchmark. i can imagine that bank dealers are told what the benchmark is for that day... we have to figure it out for our self. because of my time restrictions, and smaller tollerance of pain my benchmark is closer to the actual price. is this a dangerous "modification"??
i think the commander part of trading suits me, the genaral is difficult.

pax
even with my eyes open i cannot see everything
  • #12,569
  • Edited 2:57pm Jan 10, 2010 2:19pm | Edited 2:57pm
Quoting j-pax
hello fti, i feel realy weird to question what you say...anyway, for good understanding: do you mean MO and MM when you are saying skill?? because i believe sklill is a combination of what "god" has given you and how you practise; this cannot be modified.

if i am wrong please let me know and i will think harder about what you said.

pax
Hi j-pax,
MO is the mode whereby you operate. The MO "we" use as pros is dance , tempo, momentum by true range, impluse , recogonistion of terrain by price PA and focus( active management).
The MM keeps us nimble to change for attack, rescues or surrender. Its the backbone of the risk equation.It keeps you as consistent as you can be and stretches range without price stretch. The MM allows for your consistency in profitability with breakdown trip switching for safety.
The skills set is to be able to put the MO and MM mix together to formulate best practises at all times in reaction to the changing terrain.(fundementally and technically). Minimising loss possibilities and enhancing profitability with the ability to stay within markets scope.The abliity to use the mix, allow for strategies that are infinite to the ability of your cap. Skills to manage the mix comes with exposure and experience over time.
Of course, if you strategise beyond your means then you are inviting risk of ruin.
How does one stay within one's means? By consistency of profitability instead of dreams and delusions of grandeur.

I tried to summarise as best I can. But this does not justify the process to understand and internalise the decision process required. This summary says nothing, because it is your persona , YOU, that the mix will react to, your mindset,personality and experience, that determines your scope for success.

I hope this helps.
regards
  • #12,570
  • Jan 10, 2010 3:09pm Jan 10, 2010 3:09pm
Quoting fti
The abliity to use the mix, allow for strategies that are infinite to the ability of your cap. Skills to manage the mix comes with exposure and experience over time.
my "fear" is i modify this mix and stess my cap. too much. this can be modified to my detriment. i cannot modify my skills/abilty because they are what they are.
and i hope to improve.

thank you for your reply, i have to sleep and will read tommorow with a fresh mind.

trade well trading everyone, pax
even with my eyes open i cannot see everything
  • #12,571
  • Jan 10, 2010 3:41pm Jan 10, 2010 3:41pm
Quoting j-pax
my "fear" is i modify this mix and stess my cap. too much. this can be modified to my detriment. i cannot modify my skills because they are what they are.
and i hope to improve.

thank you for your reply, i have to sleep and will read tommorow with a fresh mind.

trade well trading everyone, pax
j-pax, modification at Mo and MM level is norm, its suppose to moditfy as the terrain changes.

Stressing cap, is a scorpion, its the scorpion of greed.
this scorpion , ill manifest itself in myrid forms, from overexposure to denial & ..........................
You do social work , so you know the dangers of this scorpion.

Personality is a difficult subject. OK, one example. Liars, they operate under the illusion of deception. Believe me they not only deceive others, but also themselves. When the urgency to react to markets occurs, they normally would frist tap into their deceptive way, and that is the autonomous reaction that would come to them before anything else.

another example, personalities that have chips on their shoulders. You mentioned God, so I take from that perspective. For us that have a personal relationship with God, many ( very high percentage of us) have much faith in that God will provide for us. That is wrong. He will provide for us in his mysterious ways, but as you sow so shall you reap. As is due you, within his WILL ye shall recieve. That means that we still need DO , that we shall recieve. SO faith in itself alone is not a magic wand. Faith guides in the Lords prayer, that you shall be kept from the temptation and you shall not be decieved but to relisation that right action produces right responses.So praying about bad positions isn't going to do anything. But it provides you calm backdrop to see beyond deception to execute right action. As ye sow , ye shall receive.

There too much to be said on the personality subject. The scorpions on this is enormous, but if one can recognise ego, fear,greed, deception,humility and love. One already have the means to overcome and thereby have no hangups in operating the skills required.

regards
  • #12,572
  • Jan 10, 2010 3:59pm Jan 10, 2010 3:59pm
Dollar seems to be tanking at the open this week.
  • #12,573
  • Jan 10, 2010 4:19pm Jan 10, 2010 4:19pm
Quoting fti
j-pax, modification at Mo and MM level is norm, its suppose to moditfy as the terrain changes.

Stressing cap, is a scorpion, its the scorpion of greed.
this scorpion , ill manifest itself in myrid forms, from overexposure to denial & ..........................
You do social work , so you know the dangers of this scorpion.

Personality is a difficult subject. OK, one example. Liars, they operate under the illusion of deception. Believe me they not only deceive others, but also themselves. When the urgency to react to markets occurs, they normally...
Hi,

Wise post. Thank you.

Regards,

Textor
  • #12,574
  • Jan 10, 2010 4:25pm Jan 10, 2010 4:25pm
Quoting auxesis
Dollar seems to be tanking at the open this week.
yep...and 3 kings are trending.
Empty as water and soft as a facing wind mountain
  • #12,575
  • Jan 10, 2010 4:27pm Jan 10, 2010 4:27pm
Quoting luSan
yep...and 3 kings are trending.
Yes and while momentum is dollar negative, something inside tells me to be careful here.

Euro extended nicely past Fridays extreme, Yen & Pound fell like price is sweeping the levels
  • #12,576
  • Jan 10, 2010 4:39pm Jan 10, 2010 4:39pm
Quoting auxesis
Yes and while momentum is dollar negative, something inside tells me to be careful here.

Euro extended nicely past Fridays extreme, Yen & Pound fell like price is sweeping the levels
Done...I rode from 1.4400 to the top...Maybe there is more to ride...I just donot know...
Have fun guys.
Tomorrow will be another day.
Empty as water and soft as a facing wind mountain
  • #12,577
  • Edited 5:58pm Jan 10, 2010 5:15pm | Edited 5:58pm
note taken @ e/u 4497 area.
eyes extra open 4497-4511 area.
  • #12,578
  • Jan 10, 2010 6:09pm Jan 10, 2010 6:09pm
Quoting auxesis
Yes and while momentum is dollar negative, something inside tells me to be careful here.
I hear ya, that 1.4560-80 has my eye also.
  • #12,579
  • Jan 10, 2010 6:16pm Jan 10, 2010 6:16pm
Quoting fti
I knew right from the start, that if I gave what God gave me, out in the open. Satan will be lurking and trying to abuse. You see, those that are unwilling or unable to develop the mindset, they cannot get it. Its just that simple, they will instead crucify you. In fact if they do not develop the required skills, they chop their own heads off.
So instead, satans try to package this in neat pacKages that the lazy people like and sell it to people who couldn't find this thread, or wants a quick summary. And groups of these will bring themselves to...
Since this thread has become so big a community, I never doubt there are bad people take advantage on this thread, marketing themselves and trying to packup stuffs in this thread to sell.
I said "bad people", and I mean it. Because those people have no mercy for their buyers.
  • #12,580
  • Jan 10, 2010 6:40pm Jan 10, 2010 6:40pm
Quoting lilpip
I hear ya, that 1.4560-80 has my eye also.
are we pushing up?...1D and 1H look like going north
Now to bed...
Empty as water and soft as a facing wind mountain
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