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Technical Analysis Fallacy

  • #22,881
  • Edited 8:07pm Feb 8, 2011 7:41pm | Edited 8:07pm
Quoting indianguyinny24
hey Craft,

Well i have a full time job which takes i start at 8am end at 6pm...
indianguy,
i hope you're decompressing on the weekends; your schedule sounds taxing. If your trading income is sufficient, you might consider what I did. I was burning the candle at both ends for a long time, but then I changed my lifestyle after reading "4 Hour Workweek" by Timothy Ferriss. As for the book itself, like Sylar said, take what you need and discard the rest.

That exercise sounds insanely cool. Would I have to quit smoking?
  • #22,882
  • Feb 8, 2011 8:41pm Feb 8, 2011 8:41pm
Quoting lovecraft
indianguy,
i hope you're decompressing on the weekends; your schedule sounds taxing. If your trading income is sufficient, you might consider what I did. I was burning the candle at both ends for a long time, but then I changed my lifestyle after reading "4 Hour Workweek" by Timothy Ferriss. As for the book itself, like Sylar said, take what you need and discard the rest.

That exercise sounds insanely cool. Would I have to quit smoking?
Lovecraft

The breathin exercise by Vick should definitely helps...

Instead of breathing in Carbon Monoxide u are inhaling Oxygen
"Thinking Heart & Feeling Brain"
  • #22,883
  • Feb 8, 2011 8:43pm Feb 8, 2011 8:43pm
Quoting auxesis
Fullperson,

3k's are a barometer (common denominator) gauged against the dollar, which is your trading base of the foursome, at least for purposes in this thread.

3k's show when things are abnormal, when caution should be applied, but also show you the leg to trade for distance (when trending usually euro or cable, one or the other will be stronger in the trend direction, the other have deeper retraces) when things are flowing, as well as there are times when one leg will lead the others.

These can be used to one's advantage, if used...

Masterful summary as usual Auxesis

May i know where your cave is as i would like to take residence there with u


Cheers
Philip
"Thinking Heart & Feeling Brain"
  • #22,884
  • Feb 8, 2011 8:44pm Feb 8, 2011 8:44pm
Quoting imjscn
Hi Zoran,
Seems he is ok.
He had a minor heart attack last week at his mother's home, this put him in bed over the week.
Now injection reduced from once per hour to twice per day-- I guess this means recovering.

Thks for the update imjscn.
"Thinking Heart & Feeling Brain"
  • #22,885
  • Feb 8, 2011 9:40pm Feb 8, 2011 9:40pm
Repost for fti.

Quoting hcong168
For our master fti:

药师佛心咒

http://www.youtube.com/watch?v=iH5huN622eU
  • #22,886
  • Edited 10:16pm Feb 8, 2011 10:01pm | Edited 10:16pm
Quoting lovecraft
indianguy,
i hope you're decompressing on the weekends; your schedule sounds taxing. If your trading income is sufficient, you might consider what I did. I was burning the candle at both ends for a long time, but then I changed my lifestyle after reading "4 Hour Workweek" by Timothy Ferriss. As for the book itself, like Sylar said, take what you need and discard the rest.

That exercise sounds insanely cool. Would I have to quit smoking?
thanks for concern.....well honestly i am doing it for last 3 years now... only thing is just love trading....and i am currently on work visa i need a job ( i work on wall st on NYC with trading compliance IT system which i love too) unless i have insane money....

I will not lie but whats point of smoking????

Here is the video...

http://vimeo.com/17642394

he explain around 30:00 and after that he explain the benefits ( it is basically from this book http://www.amazon.com/Autobiography-.../dp/0876120796) ... ....this method is what i am doing for more then 3 weeks.... 5 min in morning...5 min coming back from work...5 min before to sleep.....




BTW curios what u did... i have read that book it makes sense in many places... what changes have u bought how has been the experience just curious...

@imjscn

Thanks for update much obligated...

V
  • #22,887
  • Feb 8, 2011 10:34pm Feb 8, 2011 10:34pm
Quoting Sylar
Lovecraft

The breathin exercise by Vick should definitely helps...

Instead of breathing in Carbon Monoxide u are inhaling Oxygen
You're doing this too? Haven't read your chanting pdf yet, but I'll give it a read. This thread has all kinds of nuggets of wisdom. kudos
  • #22,888
  • Feb 8, 2011 10:55pm Feb 8, 2011 10:55pm
Quoting indianguyinny24
thanks for concern.....well honestly i am doing it for last 3 years now... only thing is just love trading....and i am currently on work visa i need a job ( i work on wall st on NYC with trading compliance IT system which i love too) unless i have insane money....

I will not lie but whats point of smoking????

BTW curios what u did... i have read that book it makes sense in many places... what changes have u bought how has been the experience just curious...

V
4-Hour Workweek gave me motivation to re-prioritize my life, and I realized that I didn't need as much money as I thought I did, so I dropped out after giving long notice. After taking care of family and property, I can still have leisure money left over from trading my personal account. So, I walked away from a job that a lot of people would lie and cheat for, but I definitely don't recommend that for anyone. For me, I was burnt out.

I first read in Malcolm Gladwell's book that primates with larger brains live in larger communities, because of the complexities of managing relationships that I mentioned. I realized that while I was at work, my brain had reached maximum capacity. My hard drive was full, and I had no space left for making new friends or enjoying new hobbies. So I made a conscious effort to disconnect from everything that I didn't absolutely need. Have no regrets so far, knock on wood.
  • #22,889
  • Feb 8, 2011 10:58pm Feb 8, 2011 10:58pm
Quoting lovecraft
4-Hour Workweek gave me motivation to re-prioritize my life, and I realized that I didn't need as much money as I thought I did....
good for u.....BTW u did came to TAF family... and we all here are one Sticky ass people for each other

V
  • #22,890
  • Feb 8, 2011 11:13pm Feb 8, 2011 11:13pm
Quoting indianguyinny24
good for u.....BTW u did came to TAF family... and we all here are one Sticky ass people for each other

V
  • #22,891
  • Edited 11:44pm Feb 8, 2011 11:33pm | Edited 11:44pm
ah please, don't go back. I really enjoy the clarity in your posts

I have a question about the barometer process. If the EU and UJ are trending properly, but the GU is behaving oddly, is it likely that GBP is acting unnatural?

I also notice periods where the GU is in a range, and the EU and UJ are acting according to correlations in a trend. (See attached). I do not know what this means. What should my strategy be?

The second picture is the aftermath of the GU weirdness. Notice how prices make a quick correction and an even faster return to the main downwards trend. Upon closer inspection, the price has hit the same level before a recent rubber-band duck killing. This behavior prompts me to believe that the 3k can be used to define points of significance and give weight to whether certain s/r or levels will hold.

Quoting auxesis
Fullperson,

3k's are a barometer (common denominator) gauged against the dollar, which is your trading base of the foursome, at least for purposes in this thread.

3k's show when things are abnormal, when caution should be applied, but also show you the leg to trade for distance (when trending usually euro or cable, one or the other will be stronger in the trend direction, the other have deeper retraces) when things are flowing, as well as there are times when one leg will lead the others.

These can be used to one's advantage, if...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 3ki.gif Size: 98 KB
Click to Enlarge Name: 3ki2.gif Size: 100 KB
  • #22,892
  • Feb 9, 2011 12:54am Feb 9, 2011 12:54am
Quoting imjscn
Hi Zoran,
Seems he is ok.
He had a minor heart attack last week at his mother's home, this put him in bed over the week.
Now injection reduced from once per hour to twice per day-- I guess this means recovering.
Hi Imjscn
Good to hear, that chief is ...OK... Thank you for updating.
  • #22,893
  • Feb 9, 2011 1:22am Feb 9, 2011 1:22am
‎" THE MEANING OF PRAYER "
By : Venerable K. Sri Dhammananda

Nature is impartial; it cannot be flattered by prayers. It does not grant any special favours on request.

...Man is not a fallen creature who begs for his needs as he awaits mercy. According to Buddhism, man is a potential master of himself.
Only because of his deep ignorance does man fail to realize his full potential. Since the Buddha has shown this hidden power, man must cultivate his mind and try to develop it by realizing his innate ability.
Buddhism gives full responsibility and dignity to man. It makes man his own master. According to Buddhism, no higher being sits in judgment over his affairs and destiny. That is to say, our life, our society, our world, is what you and I want to make out of it, and not what some other unknown being wants it to be.
Remember that nature is impartial; it cannot be flattered by prayers.
Nature does not grant any special favours on request.

Thus in Buddhism, prayer is meditation which has self-change as its object.
Prayer in meditation is the reconditioning of one's nature. It is the transforming of one's inner nature accomplished by the purification of the three faculties?thought, word, and deed.
Through meditation, we can understand that 'we become what we think', in accordance with the discoveries of psychology.
When we pray, we experience some relief in our minds; that is, the psychological effect that we have created through our faith and devotion.
After reciting certain verses we also experience the same result. Religious names or symbols are important to the extent that they help to develop devotion and confidence.

The Buddha Himself has clearly expressed that neither the recital of holy scriptures, nor self-torture, nor sleeping on the ground, nor the repetition of prayers, penance, hymns, charms, mantras, incantations and invocations can bring the real happiness of Nibbana.

Regarding the use of prayers for attaining the final goal, the Buddha once made an analogy of a man who wants to cross a river.
If he sits down and prays imploring that the far bank of the river will come to him and carry him across, then his prayer will not be answered.
If he really wants to cross the river, he must makes some effort; he must find some logs and build a raft, or look for a bridge or construct a boat or perhaps swim. Somehow he must work to get across the river.

Likewise, if he wants to cross the river of Samsara, prayers alone are not enough. He must work hard by living a religious life, by controlling his passion, calming his mind, and by getting rid of all the impurities and defilements in his mind. Only then can he reach the final goal.
Prayer alone will never take him to the final goal. If prayer is necessary, it should be to strengthen the mind and not to beg for gains.
The following prayer of a well-known poet, teaches us how to pray, Buddhists will regard this as meditation to cultivate the mind: 'Let me not pray to be sheltered from danger,

but to be fearless in facing them.

Let me not beg for the stilling of my pain,

but for the heart to conquer it.

Let me not crave in anxious fear to be saved,

but for the patience to win my freedom.'
"Thinking Heart & Feeling Brain"
  • #22,894
  • Feb 9, 2011 4:57am Feb 9, 2011 4:57am

Bundesbank's Axel Weber will not be candidate to replace Trichet as ECB President, according to European sources
  • #22,895
  • Feb 9, 2011 5:19am Feb 9, 2011 5:19am
Hi friends,

I'm very sad to inform you, that I pushed me out of the VG challenge today. Heavy snowballing in combination with the "Weber-ECB-News" killed me finally.

Will take some time off now.

All the best to you!

Niels
  • #22,896
  • Feb 9, 2011 5:29am Feb 9, 2011 5:29am
Quoting MaMood
Hi friends,

I'm very sad to inform you, that I pushed me out of the VG challenge today. Heavy snowballing in combination with the "Weber-ECB-News" killed me finally.

Will take some time off now.

All the best to you!

Niels
Hi Niels,

Very sorry to hear that. I have been following your progress so closely and was hoping you would take the lead soon. Well done anyway for getting so far in the competition. I am sure important lessons were learnt from it and I hope you will share your thoughts on it when ready.

Regards
Bak
  • #22,897
  • Feb 9, 2011 5:29am Feb 9, 2011 5:29am
Quoting MaMood
Hi friends,

I'm very sad to inform you, that I pushed me out of the VG challenge today. Heavy snowballing in combination with the "Weber-ECB-News" killed me finally.

Will take some time off now.

All the best to you!

Niels
Don't be sad Niels! We are all very proud of you regardless!

P.S: Where are you? What time is it?
  • #22,898
  • Feb 9, 2011 5:34am Feb 9, 2011 5:34am
Quoting MaMood
Hi friends,

I'm very sad to inform you, that I pushed me out of the VG challenge today. Heavy snowballing in combination with the "Weber-ECB-News" killed me finally.

Will take some time off now.

All the best to you!

Niels

Very sad to read this message.

Just take your time clear your thoughts, refresh your mind, you are the only one who knows what you are capable of.

But the most important thing is what you learn from this experience.

whenever you are ready come back

alll the best!!
  • #22,899
  • Feb 9, 2011 5:51am Feb 9, 2011 5:51am
Quoting MaMood
Hi friends,

I'm very sad to inform you, that I pushed me out of the VG challenge today. Heavy snowballing in combination with the "Weber-ECB-News" killed me finally.

Niels
Hi Neils,
Sorry to hear that.
Don't be sad. We all pround of you being top gun there.

If you don't mind, I would say, competition is bad for trading mindset--

In a competition, your focus is on how to win the game in short term, pushing yourself to extream and put aside the most important concept of "Daily Consistancy" which is the key to ultimate success.

In our trading carrer, we must build our mindset carefuly according to what we learned from fti-- risk control, daily consistancy, hebinate scorpions...

In a compitition, you are encouraging your scorpions to wake up.

Nevermind the compitition, what important is skills you learned and your ability to make money.
  • #22,900
  • Feb 9, 2011 6:26am Feb 9, 2011 6:26am
Quoting MaMood
Hi friends,

I'm very sad to inform you, that I pushed me out of the VG challenge today. Heavy snowballing in combination with the "Weber-ECB-News" killed me finally.

Will take some time off now.

All the best to you!

Niels
Hi Niels,
Take some time off and clear your mind. Lessons learned, right? Take care.
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