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Technical Analysis Fallacy

  • #17,981
  • Aug 11, 2010 11:16am Aug 11, 2010 11:16am
Quoting Atomic_Sheep
Thanks for your response Paul. I didn't quite understand what you were talking about on my initial reading but today I had a profound eureka moment and I believe that now I understand what you were talking about and what it is that I was doing wrong. Getting closer to the truth little by little.

I do have another question which I have formulated as a result of my new insights. My question is this... when people initially get into trading, they have false beliefs regarding what markets are, what they do and how one goes about making money from them....
Hello Atomic Sheep. There can be seen one very important difference between new "traders". One group is dead after some time and struggle and the other, smaller group is more vital and stronger. Ability to get up after failure is essential. ("Your plan is in toilet? Wake up from a dream and make a new, better plan, be strong and build the plan which is good for you and you can fight under the flag of this plan").
You can find some answeres in AOW chapter of the thread.
And be carefull......." Dont try to save older plan with the new plan"...or you can easily have twoo happy toiletting plans...

Gro: thanks for Debussy. Very nice:-) Regards
  • #17,982
  • Aug 11, 2010 11:45am Aug 11, 2010 11:45am
Quoting Atomic_Sheep
Thanks for your response Paul. I didn't quite understand what you were talking about on my initial reading but today I had a profound eureka moment and I believe that now I understand what you were talking about and what it is that I was doing wrong. Getting closer to the truth little by little.

I do have another question which I have formulated as a result of my new insights. My question is this... when people initially get into trading, they have false beliefs regarding what markets are, what they do and how one goes about making money from...
Hello mate in my opinion a lot fail simply because they make something thats simple,complicated.
this is what attracted me to this method.
You probably wouldn't beleive how much research and reading i've done.
Candles to look for, patterns to look for. the books on probability,the wizard ones on successful traders. And loads of tecniques based on indicators. But to be honest the most useful out of them all to me have been go with trend. And support and resistance levels for entry . but the best is the actual price movement itself.
I'am not saying its easy but it is simple. personally i cut out the nonsense and remember price only moves up and down.
making green pips large and red pips small this is my goal.
  • #17,983
  • Aug 11, 2010 11:58am Aug 11, 2010 11:58am
Quoting Gro


http://www.youtube.com/watch?v=W6s135ACZMo
Wow thanks, peaceful and serene.

regards
  • #17,984
  • Aug 11, 2010 11:59am Aug 11, 2010 11:59am
Quoting auxesis
Throw a Yard at the market version..
http://www.youtube.com/watch?v=9LpCI...eature=related

Sweating with my micro lot version..
http://www.youtube.com/watch?v=K6Ggb...eature=related

Training Demo version...
http://www.youtube.com/watch?v=hvkIR...eature=related
Something derailed, my friend?
regards
  • #17,985
  • Aug 11, 2010 12:00pm Aug 11, 2010 12:00pm
Quoting j-pax
i hope everyone is OK after todays events...

http://www.youtube.com/watch?v=_siram8gu4E

always exiting the fomc meetings.....

kind greets, pax
you want see my blotter.
I creamed them both ways.

regards
  • #17,986
  • Aug 11, 2010 12:03pm Aug 11, 2010 12:03pm
Quoting paul1
what other songs can price play ?
Apart from "up" or "down"
Assuming the club you mention is currency pairs.
Please give examples of the songs you look for other than to two mentioned.
Songs? e.g. "Pig blues" ... "March winners" ... "Quiet waters" ... "Waterfall of money" etc.
  • #17,987
  • Aug 11, 2010 12:05pm Aug 11, 2010 12:05pm
Quoting paul1
Lol just thought, All the clubs play same 2 songs "up" and "down"
Be silly keep changing club?
Wrong there paul.
in the game there's a million variances in the up down and sideways gyrations.
a million colourations if you like.

A traders can be short and long in opposites and both makes the pips. I used handle a room full of these warriors. Each has his niche flagship. But there are common denominators. Hallmarks of great fighters. All starts from the basics.

regards
  • #17,988
  • Aug 11, 2010 12:06pm Aug 11, 2010 12:06pm
Quoting indianguyinny24
Setebos,

Made me remember line wrote by mahesh..without thinking....


Those who dance are considered fool by those who cannot hear the music...

V

PS: Anyone know if BOJ is coming to check Yen ???
Does it matter, vic?
dance the dance. Don't start getting rigid and hard in the arteries.


regards
  • #17,989
  • Aug 11, 2010 12:14pm Aug 11, 2010 12:14pm
Quoting aiyahmarklah
Mr fti...

have you seen these guys before ? http://www.sixcapital.sg/

Check out their profile...interesting stuff they do...

Mark, there many many boutique fund managers here in sg.
They mostly out source their funds and diversify to talents.

But i am too old and too tired for this kind of limelight games.
Much prefer to hold to my own now. But if you can master the basics and show good track records of performance . That is one avenue of managing OPM for the experience and resources to be on you own like me.

Market is paying, about 2 % of funds allocated and 25 % of profit sharing. If you can develop private funding , is 5% resources and 25% profit sharing. If you are new to the game, ask for 2 million usd funds for management as test-bed.



regards
  • #17,990
  • Aug 11, 2010 12:21pm Aug 11, 2010 12:21pm
Hello fti. Greetings from the call-centre i work now for funding my new book. 300phone-calls per day. uh, but i already see the target, and i hope that God see me, how i struggle and what i sacrificed... I dont make some hopes for me, but i simply believe. God bless.
  • #17,991
  • Aug 11, 2010 12:29pm Aug 11, 2010 12:29pm
Quoting Fana
Hello fti. Greetings from the call-centre i work now for funding my new book. 300phone-calls per day. uh, but i already see the target, and i hope that God see me, how i struggle and what i sacrificed... I dont make some hopes for me, but i simply believe. God bless.
Hi Fana,
Good struggle for a little time. Makes for good character. Makes one understand and appreciate the good in life. Don't expect anything from God. Never expect heat from a stove until you had put in the wood.
When its time all , the angel, they will bring it all to you. They are waiting for the right time to do so. Stay strong, be invincible.

Oh, since you are on calls, Don't forget to wish others have a nice day. Will be win win for you and them.

regards

PS Also wanted tell you, most of us who made good in life , even the billionaires, we been thru the struggle. So you just going thru your learning curve.

A little local story. Was a billionaire in thailand. We bankrupt in his business. He went selling sandwiches car ro car in traffic jams in bangkok. Now he is on his feets again. Have a who francise of sandwich selling businesses.

A good man , will never let circumstance put him down. Rise from ashes. But watch the ego, that you yeal not to self deception. Always keep feets on the ground while reaching for the sky.
  • #17,992
  • Aug 11, 2010 12:29pm Aug 11, 2010 12:29pm
Quoting Fana
Hello fti. Greetings from the call-centre i work now for funding my new book. 300phone-calls per day. uh, but i already see the target, and i hope that God see me, how i struggle and what i sacrificed... I dont make some hopes for me, but i simply believe. God bless.
Fana for you "Beach Fire Dancers"

Inserted Video
  • #17,993
  • Aug 11, 2010 12:31pm Aug 11, 2010 12:31pm
Quoting fti
Mark, there many many boutique fund managers here in sg.
They mostly out source their funds and diversify to talents.

But i am too old and too tired for this kind of limelight games.
Much prefer to hold to my own now. But if you can master the basics and show good track records of performance . That is one avenue of managing OPM for the experience and resources to be on you own like me.

Market is paying, about 2 % of funds allocated and 25 % of profit sharing....
Morning fti ,

its my first encounter with a fund that deals in forex locally. Haha, regrading OPM, I don't think they like my sharpe ratio.

Actually its the other stuff they offer that intrigued me, that trainee dealer program, although it seem like a program for career seekers in that firm, they look somewhat like they are offering those courses to people willing to pay. I don't mind forking out some cash if I get to learn from those "insiders" directly.

your take ?
  • #17,994
  • Edited 1:49pm Aug 11, 2010 12:42pm | Edited 1:49pm
Quoting aiyahmarklah
Morning fti ,

its my first encounter with a fund that deals in forex locally. Haha, regrading OPM, I don't think they like my sharpe ratio.

Actually its the other stuff they offer that intrigued me, that trainee dealer program, although it seem like a program for career seekers in that firm, they look somewhat like they are offering those courses to people willing to pay. I don't mind forking out some cash if I get to learn from those "insiders" directly.

your take ?
Mark, mark
theres not a sucker yet that will give it to you. If they are really good , in the commercial areanas, they will pay to train you, if they think you are the right material. But of course they will tie you up with all sorts of strings.

Don't think i am a sucker.
I give it to all , only because i not want carry all this to the graves.
But to receive you have to want to. And is willing pay the price. the price i ask , cannot be paid in currencies, is higher than anyone can afford. I charge it to your life.

regards

Ps if they want you to pay for training. Then , its too good to be true.
For them. Trainers, we take people's lifes, so we pay to train. I am doing it cheap. The adverts , they pay for your training here.
I just use them to bring my messages to you all. Of course they seek to gain from you in return. But its for you to overcome and stand above all this. For me its a means to an end. Well, God made it possible now. Wasn't possible until recently.

I did think about writing book about all this shit. But then again why do i want to waste time dealing with publishing and marketing and distribution. Here i give it free and i have no need to manage.
Another point is about privacy. i am simple man , like simple things in life and my mobility in the world..So i not looking forward to be swarmed every where i go, and require beefed up security details to keep sharks out. I like have few good friends only. And even then i keep close eyes on them. I have tasted what friends are capable of.

In the trading business , if you have it, all is at your disposal. So if you have it , stay under the radar. You pop your head into the spot light, and its the begiining of your downfall. Because then your mindset will drive to very wierd places, or others will.

Inserted Video
  • #17,995
  • Aug 11, 2010 1:11pm Aug 11, 2010 1:11pm
Quoting fti
Mark, mark
theres not a sucker yet that will give it to you. If they are really good , in the commercial areanas, they will pay to train you, if they think you are the right material. But of course they will tie you up with all sorts of strings.

Don't think i am a sucker.
I give it to all , only because i not want carry all this to the graves.
But to receive you have to want to. And is willing pay the price. the price i ask , cannot be paid in currencies, is higher than anyone can afford. I charge it to your life.

regards

Ps if they want...

This thread is your best book, it's your charisma, which shows exemplary for everybody ... but a "Man of the mountains" brought two books ...
  • #17,996
  • Aug 11, 2010 1:16pm Aug 11, 2010 1:16pm
Quoting fti
Mark, mark
theres not a sucker yet that will give it to you. If they are really good , in the commercial areanas, they will pay to train you, if they think you are the right material. But of course they will tie you up with all sorts of strings.

Don't think i am a sucker.
I give it to all , only because i not want carry all this to the graves.
But to receive you have to want to. And is willing pay the price. the price i ask , cannot be paid in currencies, is higher than anyone can afford. I charge it to your life.

regards

Ps if they want...
Ah...i don't really know what to reply, however i believe i get your message. Personally in the past i have critized the credentials of the gurus and the validity of their systems (those you see in straits times). Sometimes when I come across "opportunities" like the one I brought your attention to, I do wonder if I am looking at something credible (another one is Simon Sim). Being from the retail side of things, I guess I have to maintain an open attitude towards them. Since I have already sift through so much shit in forex (with alot of help from you as well), of course, there is only one way to find out.
  • #17,997
  • Aug 11, 2010 1:26pm Aug 11, 2010 1:26pm
Quoting Gro
but a "Man of the mountains" brought two books ...
what do u mean ?
  • #17,998
  • Aug 11, 2010 1:28pm Aug 11, 2010 1:28pm
Quoting aiyahmarklah
Ah...i don't really know what to reply, however i believe i get your message. Personally in the past i have critized the credentials of the gurus and the validity of their systems (those you see in straits times). Sometimes when I come across "opportunities" like the one I brought your attention to, I do wonder if I am looking at something credible (another one is Simon Sim). Being from the retail side of things, I guess I have to maintain an open attitude towards them. Since I have already sift through so much shit in forex (with alot of help...
Ai ya , mark , there's many ways to skin a cat. No need look from a critic's stance. Do you know the truely enlightened , they are invisible, thats why you never hear about them. And those that truely follow christ, they not necessarilly in churches. The one publishised want to be in the fore. which suceesful person wants to be under microscope? Every ones got some skeletons in his cupboard.

Sim had his on the hill days,. Why single him out? Because he stepped into the spot light? To each his own. Try recognise the skills and not the personality.

Everything has a price to pay. Be kind and empathise.

regards

Ok gotta hit the sack before tokyo starts . Goodnite.
  • #17,999
  • Aug 11, 2010 1:34pm Aug 11, 2010 1:34pm
Quoting fti
Ai ya , mark , there's many ways to skin a cat. No need look from a critic's stance. Do you know the truely enlightened , they are invisible, thats why you never hear about them. And those that truely follow christ, they not necessarilly in churches. ...
alright...good nite chief
  • #18,000
  • Aug 11, 2010 1:40pm Aug 11, 2010 1:40pm
Quoting aiyahmarklah
what do u mean ?
stop thinking! ... just teasing ... as the second book will be for such people like me, stubborn and etc.
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