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Technical Analysis Fallacy

  • #22,001
  • Jan 14, 2011 8:49am Jan 14, 2011 8:49am
i'm calling it a day guys and here's something to relax the mind.....

http://www.youtube.com/watch?v=GHmnFHwCryA
  • #22,002
  • Edited 8:55am Jan 14, 2011 8:50am | Edited 8:55am
Deployed my scout short 1.3355

Edit - I don't think that has posted right eraptheman, there is nothing there.

Edit 2 - OK now.
  • #22,003
  • Jan 14, 2011 8:53am Jan 14, 2011 8:53am
figs ahead - careful!
  • #22,004
  • Jan 14, 2011 9:02am Jan 14, 2011 9:02am
ok squared

won't be trading this markets for a while.
Just wasting my time.
Maybe when true liquid and free markets return.
I feel too much manipulation. This markets seems ENSLAVED.
ok back to retirement.
  • #22,005
  • Jan 14, 2011 9:08am Jan 14, 2011 9:08am
Quoting fti
ok squared

won't be trading this markets for a while.
Just wasting my time.

regards
Wish you a great weekend.
But don't give up on operation 1.29
Even Mao had to take some indirection to finally get there ....

CU,
Niels
  • #22,006
  • Jan 14, 2011 9:12am Jan 14, 2011 9:12am
Sacrificed my scout and I'm done for the week. Had a poor week this week bottom-line-wise, but all experience is valuable.

It's been emotional.
  • #22,007
  • Jan 14, 2011 9:37am Jan 14, 2011 9:37am
Quoting shiva
Middlemen always make more money than the real sellers or buyers This principle has held true since the days when world's oldest profession came in to existence - PIMPING lol
Lmao, made my day. Thanks.
  • #22,008
  • Jan 14, 2011 12:32pm Jan 14, 2011 12:32pm
luckily I am learning options on the side, may prove valuable to have knowledge?
  • #22,009
  • Edited 3:18pm Jan 14, 2011 12:55pm | Edited 3:18pm
Quoting fullperson
luckily I am learning options on the side, may prove valuable to have knowledge?
just make sure u are not catching two rabbits at same time????
  • #22,010
  • Jan 14, 2011 1:00pm Jan 14, 2011 1:00pm
I think an understanding of how their value is calculated and how option writers hedge their positions can only be helpful when trading in the spot market.
  • #22,011
  • Jan 14, 2011 3:53pm Jan 14, 2011 3:53pm
Sorry if It's off-topic, but I spend around 800hours per year training, so its quite importance to me. Had to pul tough decision. I refused national team offer, as my coach advised me so. He said he is concerned for me, as ppl there are with bad attitude. I feel lil bit sad I had to such thing, even though my skills are on national team level, but maybe biggest reason is, I am afraid, as I am not in good relation with players inside. All the best
  • #22,012
  • Jan 14, 2011 4:17pm Jan 14, 2011 4:17pm
An old Shaolin saying: "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times"
  • #22,013
  • Jan 14, 2011 5:56pm Jan 14, 2011 5:56pm
Quoting indianguyinny24
An old Shaolin saying: "I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times"
I totally agree. Koreans keep telling me repitition is key to succes. All the best guys
  • #22,014
  • Jan 15, 2011 12:12am Jan 15, 2011 12:12am
Thanks for watching out for me. I'm catching many rabbits at the same time due to school, but I know my multitasking limits and I have a pretty good idea where my "limit" on system overload is lol. It's just a bit of "side project" on my off time for now.

Also, my facebook is "William Fan", so if fana or anyone else gets my invite I just wanted you guys to know who I was.
  • #22,015
  • Jan 15, 2011 12:42am Jan 15, 2011 12:42am
Quoting fullperson
Thanks for watching out for me. I'm catching many rabbits at the same time due to school, but I know my multitasking limits and I have a pretty good idea where my "limit" on system overload is lol. It's just a bit of "side project" on my off time for now.

Also, my facebook is "William Fan", so if fana or anyone else gets my invite I just wanted you guys to know who I was.
Got it

From your postings I can see that u r on the way to becoming not only a Fullperson but a full-time trader soon.

Have a lovely weekend ahead

Cheers
Philip
"Thinking Heart & Feeling Brain"
  • #22,016
  • Edited 1:05am Jan 15, 2011 12:53am | Edited 1:05am
lol, I'm sure fti would reply with something to the effects of:
"profit without risk? That's the holy grail!"

On second thought I believe that what piccolo is saying is right. We can't think too much into the basis when we attack because it will limit our resolve to attack. Momentum must be dictator.

In addition, I am looking into skews construction to satisfy my creativity scorpion. I found something that might be interesting for constructing skews. Attached. Pascal's triangle. Differing levels of aggressiveness, each row seems like attacks and then phase out of positions. Add numers in the diagonal rows and you get fi series. Interesting stuff, but again very very RIGID. Perhaps will give insight to spiral in spirals & seamless move from attack to rescue (sliding skews).

I think fti mentioned something about "lesson three" as a way to turn attacks to rescues and so forth (I believe fana mentioned changing your scout's base, as fti recently has done).

EDIT: Thanks sylar, but I am "only as good as my last trade" so at this point I am nothing in terms of being a trader. Also "fullperson" happened because I was originally "hungryperson" on AIM, but lost my password. Now the nickname has stuck.

Quoting piccolo
Foreign capital is also profit from earlier trades that day, week, maybe even year.
Attack skew is "lower" than rescue but the exact skew depends on the trader.

I believe it is wrong to enter attacks only when the scout is so deep in profit that the attack level cannot hurt it. That should never be an issue, if the attack is mistimed, exit to re-enter later before it freezes your balls.

The general idea is right.. position average for attack should be further from the market than in a rescue.
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  • #22,017
  • Jan 15, 2011 1:43am Jan 15, 2011 1:43am
http://finance.yahoo.com/tech-ticker...h”-535810.html
  • #22,018
  • Jan 15, 2011 2:21am Jan 15, 2011 2:21am
Hi All,

it's so very nice to see this thread is alive and kicking again and to know that you're doing better every day chief really makes me smile and feel elated.

keep safe all and be good... stay nimble for always

now back to my cave...

regards,

p.s. people here, downunder still expecting more rainfall and queenslanders fight with nature not over yet...
Success consists of going from failure to failure without loss of enthusiam
  • #22,019
  • Jan 15, 2011 3:01am Jan 15, 2011 3:01am
interesting, thanks Fullperson

Regards
Baifu
Attached Image
  • #22,020
  • Edited 9:32am Jan 15, 2011 4:04am | Edited 9:32am
Aiyamarklah (apr 7 2010 "From the mouth of the dealer") posted a link and excerpts from Richard Olsen's blog (founder of Oanda), there I found the "How to Trade.pdf" which correlates amazingly well with the teachings of this thread except where regarding stop loss and the usefulness of big bank's trading algorithms.

I cannot attach the pdf (too large) hopefully you will locate the file by navigating his site, it is worth a read because unlike this thread understaning the pdf does not require reading lessons.

http://www.olsen.ch/publications/working_papers/

Regards,
Baifu
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