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Technical Analysis Fallacy

  • #23,901
  • Mar 29, 2011 11:31am Mar 29, 2011 11:31am
Quoting Zoran
FYI, I'll be a full time trader as of Monday. My work contract has finally come to an end. Time to boogie!
  • #23,902
  • Edited 1:09pm Mar 29, 2011 11:41am | Edited 1:09pm
Quoting Atomic_Sheep
I have indeed... 2 or 3 times... reading it all again from scratch as of today. I feel like my mind is a lot more open to take in the information this time around... finally. Hence all the questions are popping up as I'm reverting back to past experiences and misconceptions.
I found that after being involved in this thread and absorbing what I could, the teachings came to me as I was trading. When the mistakes were made, I could hear fti's teachings in my head after getting a slap. Do not be rigid, manage book, preserve capital, preserve capital, preserve capital.

Of course when things went well, they went well. I am glad I have an account full of foreign cap and still working on two more. Lots of work ahead now.

So read carefully, absorb the lessons and feel them when trading.
  • #23,903
  • Mar 29, 2011 11:53am Mar 29, 2011 11:53am
It's true, reading will get you only so far. We also have to be careful that even if we make profit, we have to scold ourselves on mindset. No positive reinforcement for poor mindset.

Good to have seed capital. May I ask a naive question? I am curious though, is it possible to trade with seed capital for a living?

Quoting Zoran
I found that after being involved in this thread and absorbing what I could, the teachings came to me as I was trading. When the mistakes were made, I could hear fti's teachings in my head after getting a slap. Do not be rigid, manage book, protect capital, protect capital, protect capital.

Of course when things went well, they went well. I am glad I have an account full of foreign cap and still working on two more. Lots of work ahead now.

So read carefully, absorb the lessons and feel them when trading.
  • #23,904
  • Mar 29, 2011 12:08pm Mar 29, 2011 12:08pm
Quoting fti
What many traders do not know, or may fail to recognise, is that your success in taming the markets, is comprised of a mix of ingredients. Not so unlike in baking cakes.
I suggest three very important ingredients. One is " Market Structure ", the other is "YOU", then Capitalisation. Of course there are many more components, for the moment these seems of dominant importance, in my humble opinion.
fullperson, the above is from fti's first post in this thread. I have highlighted Capitalisation as that was an important lesson for me. In fact, when I realised the importance - that was the moment I started making profit and keeping it. Make sure you have enough to take whatever the market can throw at you and more. It gave me peace of mind.

As mentioned many times, start small and build up but do so with sufficient capital. Working with insufficient troops will likely build bad mindset and bring out scorpions.
  • #23,905
  • Mar 29, 2011 12:29pm Mar 29, 2011 12:29pm
Quoting Zoran
FYI, I'll be a full time trader as of Monday. My work contract has finally come to an end. Time to boogie!
It's an ants work! Good luck and keep your scorpions in check.
  • #23,906
  • Mar 29, 2011 12:39pm Mar 29, 2011 12:39pm
Hi ALL,
woke up.
maybe check what on the Ny boys dinner menu.)

just habit i guess.
  • #23,907
  • Mar 29, 2011 12:42pm Mar 29, 2011 12:42pm
Quoting Atomic_Sheep
Ok, another question... if technical analysis is a fallacy which causes a rigid mindset... I can sort of understand that/where that's coming from... so, how is watching price any different? After all, price is just a technical indicator is it not? So how can watching price tell us anything more than technical indicators? I mainly look at candlestick charts, should I look more at OHLC charts to ease confusion?

Also, how far back are we meant to look back in analysing prices? on 5 minute charts are we meant to look at something like the last 10...
ai ya, AS,
you like to assume, makes an ass of you and me. ass u me.
One start sentence already made 2 wrong assumptions.

no one here said technical analysis is a fallacy.
Where did you get that?
maybe need check on reading skills.
Its the way its being mutated and used.

YOU, You are the cause of the rigidity, your mindset, nothing to do with TA.

but one good thing,at least you ask, and not afraid of your errs.
But i hope you learn from the errs.
thats how we learn things.

Anyway i not want destroy all your fun. You read carefully think and find yourself.
Its not easy to find oneself, need see from outside the box. Normally get that when mom bangs head with the rolling pin.

regards
  • #23,908
  • Mar 29, 2011 12:43pm Mar 29, 2011 12:43pm
Quoting Zoran
FYI, I'll be a full time trader as of Monday. My work contract has finally come to an end. Time to boogie!
Welcome to the trenches.
Trade well and stand tall, my friend.


regards
  • #23,909
  • Edited 1:09pm Mar 29, 2011 12:47pm | Edited 1:09pm
Today's a great day.

yes, yes, way to go.
nomatter the outcome, the sprit is correct , my brothers.
Thanks.
Praise the Lord.
Takes a castatrophy to bring out the true human spirit.

Yes, i say yes, do more.

Japan nuclear plant gets help from US robots
http://www.guardian.co.uk/world/2011...lant-us-robots

Inserted Video


regards

PS:I promise, tomollo i refrain selling usd.oops, oh, i long usd/yen
is a great day.
The Lord God, be praised.

Inserted Video


Inserted Video
  • #23,910
  • Mar 29, 2011 1:14pm Mar 29, 2011 1:14pm
Quoting fti
Welcome to the trenches.
Trade well and stand tall, my friend.

regards
Thank you fti and I'm glad to be here with you, my friend and teacher.
  • #23,911
  • Mar 29, 2011 1:15pm Mar 29, 2011 1:15pm
"Lord of the dance" - nice wording ....


Call it a day now.
Will be back in London ...

Have fun,

Niels
  • #23,912
  • Edited 1:58pm Mar 29, 2011 1:32pm | Edited 1:58pm
Open man's heart, Lord God, I pray.
Let Ego (First deception) have no place to hide.
I pray Satan realises his deception, and repents.
For your's is the power, the Glory and the kingdom.


Inserted Video


AMEN

Inserted Video
  • #23,913
  • Mar 29, 2011 2:34pm Mar 29, 2011 2:34pm
Quoting Zoran
FYI, I'll be a full time trader as of Monday. My work contract has finally come to an end. Time to boogie!
Pls give a warm welcome to our nxt contestant to the Dance arena floor hailing all the Sebia... Mr. Zoran

Congrats Zoran!

Wishing u bountiful pips in the days & years to come in the Kingdoms


Pip Well
Philip
"Thinking Heart & Feeling Brain"
  • #23,914
  • Mar 29, 2011 2:38pm Mar 29, 2011 2:38pm
Quoting fti
Open man's heart, Lord God, I pray.
Let Ego (First deception) have no place to hide.
I pray Satan realises his deception, and repents.
For your's is the power, the Glory and the kingdom.
Morning Fti

Gosh what did the doc put u on... Still so full of energy at this early... Gonna recommend me some of it but no needles please unless it administered by some pretty nurse
"Thinking Heart & Feeling Brain"
  • #23,915
  • Mar 29, 2011 3:30pm Mar 29, 2011 3:30pm
Quoting Sylar
Morning Fti

Gosh what did the doc put u on... Still so full of energy at this early... Gonna recommend me some of it but no needles please unless it administered by some pretty nurse
nope, is not the medicine.
Is the Joy, to see that humans still have a heart.
Don't know what they can do at the reactors.
But thats not whats important.
But dying trying is beautiful.
Now at least Mankind helps Mankind, and thats the spirit.

This one time i have no comments about robots.

Screw the boundaries, and the ego.
Its the spirit, trying do something to help.
Thats what mankind should be about.
Thats what God is, pure love.
Thats what we was, until we turned into all selfish egos.

regards

PS: Now maybe everyone in the same spirit donates enough Boric Acid keep that reactor monster down.
And enough equiptment dump the acid on the site.
I would volumteer, but no able fly anymore.
  • #23,916
  • Mar 29, 2011 3:44pm Mar 29, 2011 3:44pm
Quoting fti
nope, is not the medicine.
Is the Joy, to see that humans still have a heart.
Don't know what they can do at the reactors.
But thats not whats important.
But dying trying is beautiful.
Now at least Mankind helps Mankind, and thats the spirit.

This one time i have no comments about robots.

Screw the boundaries, and the ego.
Its the spirit, trying do something to help.
Thats what mankind should be about.
Thats what God is, pure love.
Thats what we was, until we turned into all selfish egos.

regards

PS: Now maybe everyone in the same spirit donates...
Need to protect the book, huh.

regards
  • #23,917
  • Mar 29, 2011 3:49pm Mar 29, 2011 3:49pm
Quoting Zoran
FYI, I'll be a full time trader as of Monday. My work contract has finally come to an end. Time to boogie!
Goodluck
Success consists of going from failure to failure without loss of enthusiam
  • #23,918
  • Mar 29, 2011 3:52pm Mar 29, 2011 3:52pm
Quoting jacson101
Need to protect the book, huh.

regards
, jack
the usd/yen, oh is cash, so no pain.
Doesn't even matter if the bottom fell out.
Just another ride.


regards

PS:anyway, with half a pump working, won't matter too much.
Wonder whats the exchange rate in heaven?
  • #23,919
  • Mar 29, 2011 4:06pm Mar 29, 2011 4:06pm
Quoting fti
, jack
the usd/yen, oh is cash, so no pain.
Doesn't even matter if the bottom fell out.
Just another ride.


regards

PS:anyway, with half a pump working, won't matter too much.
Wonder whats the exchange rate in heaven?


why worry? we can skew.
thanks for helping, changed much here.
  • #23,920
  • Edited 5:12pm Mar 29, 2011 4:11pm | Edited 5:12pm
Quoting jacson101
why worry? we can skew.
thanks for helping, changed much here.
rofl:
hihi friend,
yes can skew.
Thanks nothing there.
Thanks for nice price.
Have a nice day.

regards

Oh jack,
need ask favour while still breathing.
Any chance put those risk/complance managers and rocket science var scientist out of their misery.
No need too many blind lead the able down that spiral.
The deal boys know how manage their behinds inspite. Not everyone is rogue.
Them breathing down their necks is killing the vibrance and liquidity in marketplace.
evryone's complaqining run out of sparing partners due to technical problem.

If someone in seat can raise the paper at the Association may catalyst a change of this risk adversion paranoia.
In reality litlle risk managing is required, Every one already have their lines parameters.
I am opinioned , already too many layers of reduddancy.
Just some intencity at credit dept would keep rogues at bay.

regards
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