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Technical Analysis Fallacy

  • #23,241
  • Mar 9, 2011 1:04pm Mar 9, 2011 1:04pm
Quoting Guerrillawar
Fana:

My wife was born and grew up in Hodonin! Her family still has a small vineyard there. Moravia has the best Sliovice in the world. Also good uzeniny maso and harmonica musica when you are drinking. I took holiday once in Luhacovice. Really nice place to get away and just relax.

I envy you to be in back in Czech. I miss so much my 75 kc lunch "menu" I used to get that every weekday. Here in the U.S. nothing like that exists. I also miss 12 kc Gambac. Can't get that here. Only Czech pivo you can get here is Pilsner Urquell and Budvar...
Wow! I am from kyjov. It is 19km from Hodonin!. maybe i know your wife... what is her name? Oh, this is not democracy but corruptionacy. People are slaves. There are komunist(covered in ODS) and they have all under controll.
  • #23,242
  • Mar 9, 2011 5:00pm Mar 9, 2011 5:00pm
Quoting Fana
Wow! I am from kyjov. It is 19km from Hodonin!. maybe i know your wife... what is her name? Oh, this is not democracy but corruptionacy. People are slaves. There are komunist(covered in ODS) and they have all under controll.
Welcome to the EU Fana. I don't think the US is any better unfortunately.
  • #23,243
  • Mar 9, 2011 5:40pm Mar 9, 2011 5:40pm
HI guys,

Will be out of trading for a while...one of my beloved friend lost a battle with cancer (he was 33)....and i didnt got the news after 1.5 months later... one of the few people i can proudly say even 10 of me cant come close to him.....

"Take care of people around you ...bcz sometime u will realize u had diamond in the pocket when u were busy collecting stone".....



V
  • #23,244
  • Mar 9, 2011 5:40pm Mar 9, 2011 5:40pm
Once upon a time there was a rich King who had four wives.
He loved the 4th wife the most and endowed her with rich robes and
treated her to the finest of delicacies. He gave her nothing but the best.
He also loved the 3rd wife very much and was always showing her off to neighboring kingdoms. However, he feared that one day she would leave Him for another. He also loved his 2nd wife. She was his confidant and was always kind,
considerate and patient with him. Whenever the King faced a problem, he
could confide in her, and she would help him get through the difficult times.
The King's 1st wife was a very loyal partner and had made great
contributions in maintaining his wealth and kingdom. However, he did
not love the first wife. Although she loved him deeply, he hardly took notice of her!
One day, the King fell ill and he knew his time was short. He thought of His luxurious life and wondered, I now have four wives with me, but when I die, I'll be all alone." Thus, he asked the 4th wife, "I loved you the most, endowed you with
the finest clothing and showered great care over you. Now that I'm dying,
will you follow me and keep me company?"
"No way! replied the 4th wife, and she walked away without another
word. Her answer cut like a sharp knife right into his heart.
The sad King then asked the 3rd wife, "I loved you all my life. Now
that I'm dying; will you follow me and keep me company?"
No! replied the 3rd wife. "Life is too good! When you die, I'm going to
remarry!" His heart sank and turned cold.
He then asked the 2nd wife, "I have always turned to you for help and
you've always been there for me. When I die, will you follow me and keep me company?"
"I'm sorry, I can't help you out this time! replied the 2nd wife.
"At the very most, I can only walk with you to your grave." Her answer
truck him like a bolt of lightning, and the King was devastated.
Then a voice called out: "I'll go with you. I'll follow you no matter
where you go." The King looked up, and there was his first wife. She was very skinny
as she suffered from malnutrition and neglect. Greatly grieved, the King
said, "I should have taken much better care of you when I had the chance!"
In truth, we all have the 4 wives in our lives:
Our 4th wife is our body. No matter how much time and effort we lavish
in making it look good, it will leave us when we die.
Our 3rd wife is our possessions, status and wealth. When we die, it will all go to others?
Our 2nd wife is our family and friends. No matter how much they have
been there for us, the furthest they can stay by us is up to the grave.
And our 1st wife is our Soul. Often neglected in pursuit of wealth,
power and pleasures of the world. However, our Soul is the only thing that will follow us where ever we
go.
Cultivate, strengthen and cherish it now, for it is the only part of us
that will follow us to the throne of God and continue with us
throughout eternity.
  • #23,245
  • Mar 9, 2011 5:55pm Mar 9, 2011 5:55pm
Quoting indianguyinny24
HI guys,

Will be out of trading for a while...one of my beloved friend lost a battle with cancer (he was 33)....and i didnt got the news after 1.5 months later... one of the few people i can proudly say even 10 of me cant come close to him.....

"Take care of people around you ...bcz sometime u will realize u had diamond in the pocket when u were busy collecting stone".....



V
It sucks losing friends and family, good friends will always have special memories.......... condolences on your loss.

Latin phrase, verus amicus est tamquam alter idem....... A true friend is like another me.
  • #23,246
  • Mar 9, 2011 5:58pm Mar 9, 2011 5:58pm
Quoting indianguyinny24
Once upon a time there was a rich King who had four wives.
He loved the 4th wife the most and endowed her with rich robes and
treated her to the finest of delicacies. He gave her nothing but the best.
He also loved the 3rd wife very much and was always showing her off to neighboring kingdoms. However, he feared that one day she would leave Him for another. He also loved his 2nd wife. She was his confidant and was always kind,
considerate and patient with him. Whenever the King faced a problem, he
could confide in her, and she would help him get...
This is so true, Thanks for sharing with us and putting our mind in perspective
Jaro
  • #23,247
  • Mar 9, 2011 6:50pm Mar 9, 2011 6:50pm
Guys I wanna inform u I go to south korea this year for one semster for an student exchange lol Most time I will train taekwondo there and also I will go to economics courses
  • #23,248
  • Mar 9, 2011 8:55pm Mar 9, 2011 8:55pm
Quoting indianguyinny24
Once upon a time there was a rich King who had four wives.
He loved the 4th wife the most and endowed her with rich robes and
treated her to the finest of delicacies. He gave her nothing but the best.
He also loved the 3rd wife very much and was always showing her off to neighboring kingdoms. However, he feared that one day she would leave Him for another. He also loved his 2nd wife. She was his confidant and was always kind,
considerate and patient with him. Whenever the King faced a problem, he
could confide in her, and she would help him...
vic, talk about wifes.
no energy , need rest.
later

regards

PS: Sorry for your loss. Good friend are hard to come by.
So sorry.
I feel your loss. Had lost most of mine.
Now only have less than a hand ful of them.
but now i have this community.
  • #23,249
  • Mar 10, 2011 12:58am Mar 10, 2011 12:58am
My sincere sympathies, 33 is too young. We're here for you, take as much time as you need. I will keep your message with me always.
  • #23,250
  • Mar 10, 2011 1:36am Mar 10, 2011 1:36am
moody downgraded spain , took me by surprise the fall had

@V, sorry for ur loss fren , take care
To Live is the rarest thing in the world , Most people exist , that is all
  • #23,251
  • Mar 10, 2011 2:11am Mar 10, 2011 2:11am
Quoting indianguyinny24
HI guys,
Will be out of trading for a while...one of my beloved friend lost a battle with cancer...
wow, very young.
what kind of cancer, if i may ask?

this reminds us
-that life is short
-& to put importance to health & family.

let's pray for him & all those close to him
  • #23,252
  • Mar 10, 2011 2:30am Mar 10, 2011 2:30am
Quoting indianguyinny24
HI guys,

Will be out of trading for a while...one of my beloved friend lost a battle with cancer (he was 33)....and i didnt got the news after 1.5 months later... one of the few people i can proudly say even 10 of me cant come close to him.....

"Take care of people around you ...bcz sometime u will realize u had diamond in the pocket when u were busy collecting stone".....



V
Hi Vick. Thats sad... Sorry for that loss. He was my age33. Kind regards. fana
  • #23,253
  • Mar 10, 2011 3:47am Mar 10, 2011 3:47am
Quoting fti


Thats whats makes it special , Gro
Do you love your ancestors?
Do you know them? really know them?


bET ON THE BLUES, BABY, BET ON THE BLUES

http://www.youtube.com/watch?v=X8eiqcaHOfU
hi fti and all
Pharaoh hold in the hands of two stones, because the stone was created last ... there are all written laws (parable,parable,parable ... )
"Son(manifested) must return to her Mother(space) to find his Father(originator)" ... therefore, we do "not stand naked before" Father (therefore we have dress, therefore we have house ... ).
Ancestors and Originator is only One ... therefore, I am another you ... and War is Hell.
Rgs
  • #23,254
  • Mar 10, 2011 4:16am Mar 10, 2011 4:16am
Quoting Gro
hi fti and all
Pharaoh hold in the hands of two stones, because the stone was created last ... there are all written laws (parable,parable,parable ... )
"Son(manifested) must return to her Mother(space) to find his Father(originator)" ... therefore, we do "not stand naked before" Father (therefore we have dress, therefore we have house ... ).
Ancestors and Originator is only One ... therefore, I am another you ... and War is Hell.
Rgs

The Higher... the Fewer...
  • #23,255
  • Mar 10, 2011 5:57am Mar 10, 2011 5:57am
Quoting indianguyinny24
Once upon a time there was a rich King who had four wives.
He loved the 4th wife the most and endowed her with rich robes and
treated her to the finest of delicacies. He gave her nothing but the best.
He also loved the 3rd wife very much and was always showing her off to neighboring kingdoms. However, he feared that one day she would leave Him for another. He also loved his 2nd wife. She was his confidant and was always kind,
considerate and patient with him. Whenever the King faced a problem, he
could confide in her, and she would help him get...
Nice story Vic and I'm sorry to hear about your friend. All the best.
  • #23,256
  • Mar 10, 2011 6:18am Mar 10, 2011 6:18am
Source: Tutorials in Applied Technical Analysis by Daryl Guppy January 14, 2002.


Chart analysis is often confused with predicting or forecasting the market. This confusion is enhanced by those who confuse trading and investing.
Chart analysis uses the action of price and volume to clearly show how the market has behaved. For traders, the past pattern of behavior helps to identify market situations that have a high probability of a specific action. The trading approach requires the trader to develop a plan to cope with the
probability, or when that probability does not eventuate.


When we cross the road we pause at the kerb, check right, left and right, then cross. The curb tells us changed conditions ahead, but it tells us nothing about the actual events on the road. We prepare to behave in a particular way depending on what the road reveals. Here the trader prepares to act one way if certain conditions are met, and another way if different conditions are met.


Forecasting uses the higher probability situations in an attempt to project future price action and acts in anticipation of this. It straddles the boundary between trading and investing. Here we stand at the traffic lights, stepping out confidently when the walk sign flashes. Sometimes we get wiped out as a car crashes through the walk signal, but most times the signal is reliable. When we see the signal we can forecast the action for a selected period of time. Here traders act when the event occurs.


Prediction is a different beast altogether. It carries a high level of certainty about the occurrence of events at a specific time. Some Gann and Elliott wave analysts make quite specific predictions. This is like saying that I know there is a set of traffic lights at the end of the block, and that at 10.38 am the signal will be flashing walk. This leaves little room for probability, although there are times when such predictions match the co-incident events. This means the predictions come true. Separating the co-incidence for accurate predictive ability is difficult. The tendency with prediction is for traders, or investors to act in anticipation of the event.
  • #23,257
  • Edited 9:18am Mar 10, 2011 9:00am | Edited 9:18am
@fti,Auxesis,Fana,Supremechaos,Zoran, Fullperson and Mahesh ...

thanks for all your kind words and i cant tell u how much it means to me

no matter what i say it is hard... he has a 2 year old daughter as well..we friends are putting some money to setup some funds for her education ....

It has actually got me into some real Deep thinking mode...might sit and re-prioritize my life....

God Bless.....

V
  • #23,258
  • Mar 10, 2011 10:27am Mar 10, 2011 10:27am
Oil is the dominant theme ruling the fx market today. Time to deploy a scout to the long side in Eurusd. Hopefully this will turn into a attack sequence
Attached Image (click to enlarge)
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  • #23,259
  • Mar 10, 2011 10:55am Mar 10, 2011 10:55am
Quoting indianguyinny24
@fti,Auxesis,Fana,Supremechaos,Zoran, Fullperson and Mahesh ...

thanks for all your kind words and i cant tell u how much it means to me

no matter what i say it is hard... he has a 2 year old daughter as well..we friends are putting some money to setup some funds for her education ....

It has actually got me into some real Deep thinking mode...might sit and re-prioritize my life....

God Bless.....

V
High pressure, friend ... and we then fly like a butterfly from the cocoon ...

PS I also do not know how much pressure on me still survive on ...
  • #23,260
  • Mar 10, 2011 1:52pm Mar 10, 2011 1:52pm
Quoting Zoran
Has anyone else watched this? Gro?

http://www.youtube.com/watch?v=Cvp5BcICsig
Hi Zoran

Crisis is a punishment for our greed and fear ... and crisis act as a cocoon for a new butterfly ... and you remember the romance of three kingdoms?

One net

Rgs
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