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Technical Analysis Fallacy

  • #27,961
  • Oct 21, 2011 5:18am Oct 21, 2011 5:18am
Quoting Zoran
That is not strictly true either. In the UK someone who operates through a limited company and pays themselves dividends instead of a salary does not have to pay national insurance contributions, which is the health tax. In those cases (and there a many) you can say they have "free" health cover. However, operating through a company normally means higher earnings so their contribution to the government through company taxes would be higher than a normal tax payer, even though they have a lower tax percentage.
That doesn't change the fact that there is a sizeable minority of lazy, ne'er do wells in the UK that sponge off the rest of society.

Also, if it can be proved that the work you are doing through a limited company directly relates to the revenue the company makes then the tax man will frown on you paying yourself in dividends. You cannot work on a daily basis generating income and then pay yourself entirely in dividends - not if you want to remain within the law and avoid the attentions of the Inland Revenue anyway.
  • #27,962
  • Oct 21, 2011 5:30am Oct 21, 2011 5:30am
Quoting ukmanthailan
That doesn't change the fact that there is a sizeable minority of lazy, ne'er do wells in the UK that sponge off the rest of society.

Also, if it can be proved that the work you are doing through a limited company directly relates to the revenue the company makes then the tax man will frown on you paying yourself in dividends. You cannot work on a daily basis generating income and then pay yourself entirely in dividends - not if you want to remain within the law and avoid the attentions of the Inland Revenue anyway.
It is entirely within the law to pay yourself a minimum (tax free) salary and the rest in dividends (taxed at 10%) up to a certain amount, while the remaining company profit is taxed at about 20%. No NI (health) contributions necessary.

There is a tax law (IR35) that attempts to stop individuals doing that but it has been largely unsuccessful. The government has lost nearly all court cases regarding it.

As for the spongers, they exist everywhere but now that the baby boomers are all retiring, things are changing.
  • #27,963
  • Oct 21, 2011 6:11am Oct 21, 2011 6:11am
Quoting Zoran
It is entirely within the law to pay yourself a minimum (tax free) salary and the rest in dividends (taxed at 10%) up to a certain amount, while the remaining company profit is taxed at about 20%. No NI (health) contributions necessary.

There is a tax law (IR35) that attempts to stop individuals doing that but it has been largely unsuccessful. The government has lost nearly all court cases regarding it.

As for the spongers, they exist everywhere but now that the baby boomers are all retiring, things are changing.
You are supposed to pay yourself a salary commensurate with your responsibilities, qualifications and experience so paying yourself the minimum wage when you are not the company cleaner is not really following the intent of the law. Whether people get away with it or not is a different matter.

I'm sure spongers do exist everywhere but they have had a particularly easy ride in the UK over the last 20 years. I have no experience of other countries save for Thailand, where I am now. Here, if you don't earn money and your family doesn't help you, you go without, simple as that. One thing I have never seen since I moved here is people being supplied with money by the government to lie around drinking all day.
  • #27,964
  • Edited 11:04am Oct 21, 2011 6:36am | Edited 11:04am
Quoting AaronWard
FTI

Sifu, nihao, xiaotudilaile, baifang, baifang.

I have learned an enormous amount and I am only on page 3. I am worried I might pass away before I get to todays post. So forgive me if I ask questions you have already answered. And I am more than happy with a response that says "go look at pages 55 and 72".

What I am trying to understand is the movements of the Eur/usd over the last six months. Almost every experienced trader I knows say things are unnatural. However, their "how" and "why" are all over the map.

What are your...
nihao AaronWard,

Please try clear your mind.
Firstly, be clear , what is you objective and task(job description)?
If you function as trader/dealer, your job is make the pips.

To make the pips you no need understand the reasons. Just follow those who know where they going. THE MARKET. The whys and hows, let those who function as administrators, politicians, economist,.............worry about.

Your job is follow where the victors going. Peeps can be absolutely correct and still lose.

Trying figure out the future from what happened last 6 months on the charts is not going help you in your task. It is not going to happen again.
The next six months, in fact the next six days , will be totally different.

I hope you can understand better now.

When you look at last 6 months charts, just look.
Wow, they did that, nice sexy chart. Admire it.
Then sit down start working on whats happening in the markets and start following her today.

buxie.

regards

PS heres some murray banks wisdom for you.

there was one incident, where a jewish lady was crossing the dtreets.
A car came nearly know her down.
The man stuck his head out of the car, shouted "watch OUT!"

the woman calmly replied.
Why?
You coming back?
  • #27,965
  • Edited 6:54am Oct 21, 2011 6:44am | Edited 6:54am
Quoting indianguyinny24
CHief, have better explanantion then me.... bcz i generally dont listen why its happening or what is the expert opinion i just try to dance... but let me pass a story to you which might make sense


Budha describve a story

A king has the blind men of the capital brought to the palace, where an elephant is brought in and they are asked to describe it.
"When the blind men had each felt a part of the elephant, the king went to each of them and said to each: 'Well, blind man, have you seen the elephant? Tell me, what sort of thing is an elephant?"
The...
right mind, right behaviour, right action.
lol I remember my dad's version of that teachings.
imagine what the opinions of the blind men who are at the testicles region of the elephant. what a balls?
ok i not going to start talk about those at the ass zone.

ya,vic.
"we are what we are because of what we allow into our minds.
we can change what we are , by changing what we allow into our minds."....zigziglar


regards
  • #27,966
  • Oct 21, 2011 6:53am Oct 21, 2011 6:53am
Xiexie, sifu

My chart for the Eur/usd says:

monthly --- sideways
Daily -- down
4H --- up
1H -- sideway

Price action tells me it is a currency conflicted (very choppy)

Fundamentals tell me that trouble is coming. Maybe not today or tomorrow, but probably before Spring.

My account says that buying at a high daily price and selling at a lower daily price is a good idea. Stoplosses are a bad idea because price is spiky.

My question is ... what next... If UP then I will be caught out. If down, then I will be out of the market.

This is not a question like "Will it go to 1.41?" It is more like "how do you deal with such a conflicted market?"

Duoxie,

Aaron
Kill the ego, or it will kill the mission.
  • #27,967
  • Oct 21, 2011 6:59am Oct 21, 2011 6:59am
Quoting AaronWard
Xiexie, sifu

My chart for the Eur/usd says:

monthly --- sideways
Daily -- down
4H --- up
1H -- sideway

Price action tells me it is a currency conflicted (very choppy)

Fundamentals tell me that trouble is coming. Maybe not today or tomorrow, but probably before Spring.

My account says that buying at a high daily price and selling at a lower daily price is a good idea. Stoplosses are a bad idea because price is spiky.

My question is ... what next... If UP then I will be caught out. If down, then I will be out of the market....
Aaron,
yes, we laugh at their follishness and we applaude at their cunning.
But most important, we strike when the iron is hot and when it cools we wait iron gets hot again.
That , my friend, is our job.

Our minds loves to admire their beauty, but to know truely , is to watch from a good distance.
Its not their to reason why.
Only to show sell or buy.

regards
  • #27,968
  • Oct 21, 2011 7:05am Oct 21, 2011 7:05am
Quoting AaronWard
Price action tells me it is a currency conflicted (very choppy)

My account says that buying at a high daily price and selling at a lower daily price is a good idea. Stoplosses are a bad idea because price is spiky.
I've been buying at lower prices and selling at higher prices, assuming a choppy/ranging kind of market. Stops are not important if you are getting in at the extreme ends of the range, whether its a daily range or an hourly range. Keep doing that as long as the market continues to do what its been doing. When it starts doing something else (moves beyond the range), then we will start doing something else, too.
  • #27,969
  • Oct 21, 2011 7:07am Oct 21, 2011 7:07am
Quoting fti
Aaron,
yes, we laugh at their follishness and we applaude at their cunning.
But most important, we strike when the iron is hot and when it cools we wait iron gets hot again.
That , my friend, is our job.

Our minds loves to admire their beauty, but to know truely , is to watch from a good distance.
Its not their to reason why.
Only to show sell or buy.

regards
Weirdest thing...your last paragraph shows up when I quote it, but not when I view your comment on my browser...

in other words... bears/bulls/pigs...high probability set up...

Thanks from a wide eyed gweilo,

Aaron
Kill the ego, or it will kill the mission.
  • #27,970
  • Oct 21, 2011 7:29am Oct 21, 2011 7:29am
I learned not to guess.... and only follow a system

http://www.forexfactory.com/showthre...25#post5060925
  • #27,971
  • Oct 21, 2011 7:38am Oct 21, 2011 7:38am
Quoting AaronWard
Weirdest thing...your last paragraph shows up when I quote it, but not when I view your comment on my browser...

in other words... bears/bulls/pigs...high probability set up...

Thanks from a wide eyed gweilo,

Aaron
gweilo

Inserted Video
  • #27,972
  • Oct 21, 2011 8:00am Oct 21, 2011 8:00am
Quoting hakkyungcha
I learned not to guess.... and only follow a system

http://www.forexfactory.com/showthre...25#post5060925
Good luck with that but this thread is for humans, not robots. Would you like me to start posting off topic comments in your thread, directing visitors elsewhere? I guess robots have no manners or brains.
  • #27,973
  • Oct 21, 2011 8:05am Oct 21, 2011 8:05am

see, what a battle.
if they want fly, why fight?
fly with them.
when the momentum stops , chop off their heads.
free money. they pumping it all in there for you.
grap it and say thank You.

regards
  • #27,974
  • Oct 21, 2011 8:05am Oct 21, 2011 8:05am
Hi Friends,

have finished my trading already for today.
But this strong JPY moves are temptimg me to jump in again.

However - wish you all a great weekend!

Trade well!

Niels
  • #27,975
  • Oct 21, 2011 8:09am Oct 21, 2011 8:09am
I've missed the train twice on cable today due to being busy doing other things and was tempted to jump in but I managed to curb that bad habit as it used to cost me too much!
  • #27,976
  • Oct 21, 2011 8:09am Oct 21, 2011 8:09am
Quoting MaMood
Hi Friends,

have finished my trading already for today.
But this strong JPY moves are temptimg me to jump in again.

However - wish you all a great weekend!

Trade well!

Niels

The greed well, well it has no bottoms.
Eat only as much as you can digest.

OK rest well.
Next week see how behind closed doors resolves.
Rest well and see what the cat drags in next week.


regards
  • #27,977
  • Edited 8:27am Oct 21, 2011 8:14am | Edited 8:27am
Quoting fti
right mind, right behaviour, right action.
lol I remember my dad's version of that teachings.
imagine what the opinions of the blind men who are at the testicles region of the elephant. what a balls?
ok i not going to start talk about those at the ass zone.

ya,vic.
"we are what we are because of what we allow into our minds.
we can change what we are , by changing what we allow into our minds."....zigziglar


regards

Yup...not sure chief we can talk about those things anymore.. there is a kid who reads this thread and i know the r l s are strict what you can talk on forums when those age people are around....

Any news why there was this movement on yen was there today...all time high i guess....

Something nto right...Yen up...$ down against all .....in this environment..something not right...back to rescuing my long UJ...
  • #27,978
  • Oct 21, 2011 8:18am Oct 21, 2011 8:18am
Quoting fti

The greed well, well it has no bottoms.
Eat only as much as you can digest.

OK rest well.
Next week see how behind closed doors resolves.
Rest well and see what the cat drags in next week.


regards

Hi fti,

I hear you.
I'm always tempted, when I see an opportunity to earn easy money.

But I have a lot of trading related paperwork on my table.
I guess it's time to get that done ...

CU in the markets, my friend!
All the best,
Niels
  • #27,979
  • Oct 21, 2011 8:51am Oct 21, 2011 8:51am
Quoting indianguyinny24
Yup...not sure chief we can talk about those things anymore.. there is a kid who reads this thread and i know the r l s are strict what you can talk on forums when those age people are around....

Any news why there was this movement on yen was there today...all time high i guess....

Something nto right...Yen up...$ down against all .....in this environment..something not right...back to rescuing my long UJ...
what things?
What kind of things?

ai ya, they like tickle boj on friday disco night.
be careful get pragnant.

regards
  • #27,980
  • Oct 21, 2011 8:57am Oct 21, 2011 8:57am
Quoting fti
what things?
What kind of things?

ai ya, they like tickle boj on friday disco night.
be careful get pragnant.

regards
Chief,

Dont know what is the thing...but didnt felt right....

i am long UJ avg 76.50 with 10 troops...and another 110 on sidelines.. dont want to deploy too much as london close is near and weekend is close...


Might kill it if needed too...so not in worry mode... but in "Whats happening mode"... whats going on...in meanwhile just taking care of my "NET Exposure "

V
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