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Technical Analysis Fallacy

  • #18,901
  • Sep 15, 2010 9:00pm Sep 15, 2010 9:00pm
Traditionally, when a trader is lossing big way, he says"oh, I've been busy at something else", when a trader in winning sequence, he shows up and paste the lucky day representing his performence. I knew all the sh..t. That's why I never bother.
But, right now, I'm so happy, I have no where else to express my happiness, so I just say it out laud here-- I doubled my account yesterday on BOJ intervension.

I knew it's very bad bet so heavy, I knew chief strongly against this crazy size. But for the whole week, he has been nagging around that BOJ would start killing soon. So, I silently deployed my army for the killing yesterday morning around Tokyo opening time. It was shocking horrible watching my dream coming true at that BOJ moment

Sorry, I bet big size, but the money is so sweet
ok, back to normal size, trade like a pro from now on
  • #18,902
  • Edited 9:35pm Sep 15, 2010 9:20pm | Edited 9:35pm
Quoting imjscn
Traditionally, when a trader is lossing big way, he says"oh, I've been busy at something else", when a trader in winning sequence,...
You sit back and look at the markets and it's kinda like looking out at the ocean with many different boats passing by, all with different destinations, some big some, small all .. tis' your choice on which to ride.

Then there's times when the market is at historic levels or out of bounds, it's then you just have to play the hand that's dealt.
  • #18,903
  • Sep 15, 2010 10:16pm Sep 15, 2010 10:16pm
@auxesis, thanks for the poem-like words! It's exactly like that.
I enjoy the journey on the small/big boats, basically satisfied at the standard TAF 1% per day gaining. But I am lack of big vision. Too much to learn to be able to explore the joy of riding with the "hand" without mind shocking.
  • #18,904
  • Sep 16, 2010 1:23am Sep 16, 2010 1:23am
Quoting Deusomega
What is that suppose to be?
Time + Price =
  • #18,905
  • Sep 16, 2010 1:36am Sep 16, 2010 1:36am
Good Morning Friends,

just arrived in my trading room.
Any breaking news durich Wellington and Asia session?

Here a little info for your guess about the market sentiment:

Nikkei flat,
S&P/ASX 200 off 1.2%,
Kospi down 0.7%,
Shanghai Composite 2.3% lower,
HSI fell 0.5%,
Taiex off 0.8%,
STI down 0.3%,
SET +0.4%,
NZX-50 flat.

Have to do my preparation/chartwork now.

Wish you all a successful day!

CU,
MaMood
  • #18,906
  • Sep 16, 2010 1:44am Sep 16, 2010 1:44am
Quoting imjscn
Traditionally, when a trader is lossing big way, he says"oh, I've been busy at something else", when a trader in winning sequence, he shows up and paste the lucky day representing his performence. I knew all the sh..t. That's why I never bother.
But, right now, I'm so happy, I have no where else to express my happiness, so I just say it out laud here-- I doubled my account yesterday on BOJ intervension.

I knew it's very bad bet so heavy, I knew chief strongly against this crazy size. But for the whole week, he has been nagging around that...
Hi,

long time now see ;-)

Congrats!
As fti has stated yesterday: ... Finally it is the success that counts.
Playing extraodrinary situation with extraordinary MO's fits best from my point of view.

Enjoy your victory!

CU,
MaMood
  • #18,907
  • Edited 2:09am Sep 16, 2010 1:55am | Edited 2:09am
Just for info:

0646 GMT [Dow Jones] Apparent lack of any JPY-selling action by Japanese authorities Thursday despite slight rebound in unit vs USD, EUR, could be seen as sign Tokyo may intend its intervention to prevent sharper gains in currency, rather than to significantly weaken it, some analysts say. "We think the Japanese authorities intend to draw a 'line in the sand' rather than try to push the yen weaker," says Callum Henderson, global head of foreign exchange research at Standard Chartered. Chief Cabinet Secretary Yoshito Sengoku said at press conference after Tokyo launched its JPY-selling Tuesday that Finance Minister Noda likely considered USD/JPY fall to 82.00 level to have been breach of critical threshold warranting intervention, major business daily Nikkei reported Wednesday. USD/JPY last 85.37, off intraday high of 85.78; EUR/JPY at 110.95, off 111.60.([email protected])

Disclaimer: Be aware of possible Cow Dung included ;-)

Edit:

[...]
central bank injected Y1 trillion into system vs Y700 billion infusion market expected, after skipping its morning operation. [...]

  • #18,908
  • Sep 16, 2010 2:46am Sep 16, 2010 2:46am
Quoting textor
....

(May be he took that from Heisenberg and a from Hegel.)

Rgs,

Textor

I think he even mentions Hegel in his last book, didn't he?
Not sure, will need to dig it out and check. Still a very interesting read though, worth going through it once again.

Cheers
S
  • #18,909
  • Sep 16, 2010 3:55am Sep 16, 2010 3:55am
Swiss central bank loss 14B last time they intervene ...
u cant fight real fundie , n at the moment its usd devaluation ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #18,910
  • Sep 16, 2010 5:55am Sep 16, 2010 5:55am
Quoting Gro
... market is still all right :nerd:
that mooncakes is wrong.
for chinese moon cakes festival, which is now, need deliver this type.
Attached Image
  • #18,911
  • Sep 16, 2010 5:58am Sep 16, 2010 5:58am
Quoting maheswara
Swiss central bank loss 14B last time they intervene ...
u cant fight real fundie , n at the moment its usd devaluation ...
thanks to them.
Otherwise i would had to give up on eating chocolates, would be too x.
Chocolate mooncakes anyone?

regards
Attached Image
  • #18,912
  • Sep 16, 2010 6:19am Sep 16, 2010 6:19am
Quoting TEB63
I think the quote & person is........

You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
Abraham Lincoln


teb
George Bush has a similar quote about getting fooled

Inserted Video
  • #18,913
  • Sep 16, 2010 6:20am Sep 16, 2010 6:20am
Quoting fti
that mooncakes is wrong.
for chinese moon cakes festival, which is now, need deliver this type.
Hi FTI
Probably yes, that mooncakes is wrong (I'm still learning)
... cakes looks tempting ... celebrate festival nicely

Rgs
  • #18,914
  • Sep 16, 2010 7:02am Sep 16, 2010 7:02am
Hi!

What would you choose ?

http://online.wsj.com/article/SB1000...740494630.html


http://www.cobdencentre.org/2010/06/...es-to-banking/

Rgs,

Textor
  • #18,915
  • Edited 7:16am Sep 16, 2010 7:04am | Edited 7:16am
Quoting dragan53
George Bush has a similar quote about getting fooled

http://www.youtube.com/watch?v=eKgPY1adc0A
Here's another.

"Once bitten, twice shy, twice bitten, don't try, Thrice bitten, after bitten twice, why the hell you still try"


Modified version.
"Once bitten, twice shy, thrice bitten, seppuku time!."

regards

This is a joke.
meant for people will low esteem and will power.
But this is good point to ponder while in reconcilation and regrouping mindset for alternatives.
  • #18,916
  • Sep 16, 2010 7:04am Sep 16, 2010 7:04am
Quoting dragan53
George Bush has a similar quote about getting fooled

http://www.youtube.com/watch?v=eKgPY1adc0A

He was truely the best comedian that ever lived,

Hang on!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #18,917
  • Sep 16, 2010 7:11am Sep 16, 2010 7:11am
  • #18,918
  • Sep 16, 2010 7:18am Sep 16, 2010 7:18am
suit up.
battle calls.
  • #18,919
  • Sep 16, 2010 7:19am Sep 16, 2010 7:19am
Quoting textor
Hi!

What would you choose ?

http://online.wsj.com/article/SB1000...740494630.html


http://www.cobdencentre.org/2010/06/...es-to-banking/

Rgs,

Textor
"who can catch the snake and make this snake stick ..."
  • #18,920
  • Sep 16, 2010 7:22am Sep 16, 2010 7:22am
"U.S. Home Seizures Reach Record for Third Time in Five Months."
http://www.bloomberg.com/news/2010-0...ve-months.html

Damn it, when are they going to make seizing people's homes illegal.
Bastards!

They have bankruptcy protection for corps.
Who is going protect people's homes???


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