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Technical Analysis Fallacy

  • #28,021
  • Edited 10:56pm Oct 21, 2011 10:45pm | Edited 10:56pm
Fti....! What a mentor you are. My humble gratitude for everything. Have a great weekend.

@Zoran

Your knowledge of UK tax is amazing. I did not know about the dividends not getting taxed and RS 35. Are you an accountant?

Regards
Bert
  • #28,022
  • Oct 21, 2011 10:59pm Oct 21, 2011 10:59pm
Quoting fti
mian tou li, min bai jui hau le.
bu xie.

the markets are now being manipulated, by vested interest.
Doing what they believe is the best by holding prices up.
Also because is to their advantage , as the markets are very very short expecting unfortunate outcome. Also believing that the managing of the usd is not in any better state of affairs.

This is good , if peeps manage find a respectable solution to the fiasco.
But if they fail, then the killing vacuum drop will make much blood on the street.
The greece situation seem very real and inevitable....
Many thanks. I'll paraphrase to see if I got it right.

EUR/USD is very dangerous as markets and vested interests do battle. If the vested interests can fix Greece (unlikely) then they win. If not, market wins and everybody loses.

EURO and USD are both really bad, and so if you wish to fight one or the other, do it on safer grounds ( such as cable ). Too close to the fire will probably mean fingers get burned.

Current PA is mostly driven by speculation and vested interest. Commerce takes what is given to them.

And if you have heart problems you should probably should take a vacation from forex.

Duibudui?

And what is a right winged dropped butterfly?
Kill the ego, or it will kill the mission.
  • #28,023
  • Edited 11:42pm Oct 21, 2011 11:12pm | Edited 11:42pm
Quoting AaronWard
Many thanks. I'll paraphrase to see if I got it right.

EUR/USD is very dangerous as markets and vested interests do battle. If the vested interests can fix Greece (unlikely) then they win. If not, market wins and everybody loses.

EURO and USD are both really bad, and so if you wish to fight one or the other, do it on safer grounds ( such as cable ). Too close to the fire will probably mean fingers get burned.

Current PA is mostly driven by speculation and vested interest. Commerce takes what is given to them.

And if you have heart...
cable/usd/euro synthetics.
If you not familair don't do it.
But if you have volatility change sharpness, there are many stategies available.
Trigger finger skills still is paramount for success.
All brokers will behave badly, being fear adverse.
So not expect nobility. Make haste for the worst market access.



regards
  • #28,024
  • Oct 21, 2011 11:38pm Oct 21, 2011 11:38pm
Quoting cuthbert
Fti....! What a mentor you are. My humble gratitude for everything. Have a great weekend.

@Zoran

Your knowledge of UK tax is amazing. I did not know about the dividends not getting taxed and RS 35. Are you an accountant?

Regards
Bert
  • #28,025
  • Oct 22, 2011 1:22am Oct 22, 2011 1:22am
Fti

This is an extract from an ancient soul philosophy, that I find very relevant to my trading or whatever passion one has:

"As you free yourself from everything and everyone, every place and every time, every moment and every year, every planet and every stars, you feel this incredible rush of ecstasy. In fact, you enter into another realm, an expanded
realm, a realm of light, a realm of understanding. It is inside. Even though we feel it is an out-of-the-body experience, it is within this body. When you have this experience, you became aware of how this body is not a barrier, not an obstacle. In this body, there is honey. In this body, there are gold coins. In this body represent the Self within. This is why it is said, the wealth is inside.
By detaching ourself from everything and everyone, we get in touch with our own Self, and the Self within everybody and everything. This is called love. It is for this that you meditate. It is for this you live - to taste this beautiful life inside"

I belevie that everything is about contraction and expansions, when you contract you get far away from the Source, when you expand you get closer.
In my trading is the same, when I am completely relaxed (not from valium) and I able to reach the subconscious where creativity lies and I focus only on the charts freeing myself from concepts (bias, news, fears ect), I am able to catch the bottom and cover the top and vice versa various times. There is not tensions, not contractions only the realisation to be part of a all.

It is not easy to reach that state (the only fact that I want to get there, is a concept) but I am getting better at it.

We are all different and perceive things in the different ways, but I would like
to ask you, do you share similar experiences.

I ask you this, because I feel in the few comments that I read about you, that you
have the tendency to expand.

Your mate
mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,026
  • Oct 22, 2011 3:29am Oct 22, 2011 3:29am
Quoting cuthbert
Fti....! What a mentor you are. My humble gratitude for everything. Have a great weekend.

@Zoran

Your knowledge of UK tax is amazing. I did not know about the dividends not getting taxed and RS 35. Are you an accountant?

Regards
Bert
Hi Bert, I am not an accountant, I am only familiar with the tax laws that I need to know. i.e. to do my business and trading/investing. I pay a respectable accountant to do the rest.
  • #28,027
  • Edited 4:26am Oct 22, 2011 3:51am | Edited 4:26am
Quoting mla
Fti

This is an extract from an ancient soul philosophy, that I find very relevant to my trading or whatever passion one has:

"As you free yourself from everything and everyone, every place and every time, every moment and every year, every planet and every stars, you feel this incredible rush of ecstasy. In fact, you enter into another realm, an expanded
realm, a realm of light, a realm of understanding. It is inside. Even though we feel it is an out-of-the-body experience, it is within this body. When you have this experience, you became...

nope i no expand.
May dump a fart if situation gets hairy. But no, no expansion.
When i am on the markets, i just get very very focused.
A sense of highten attention to details, mostly. As you may be aware i watch multiple majors( 3kingdoms), when on canpaign, so the focus for details is critical requirement.
I risk within my limits of book and work towards flow and the markets rhythm.
Also very aware of the sequenses of events and flash news affecting the momentum , by true range impacts.
And full of cunning MM strategies position myself to advantage pricing.

Yes, you correct that i do not allow distractions during this periods. But informed sources can inject good feels and information, mostly welcomed.
Anyone implant predictive ghost into my mind gets escorted off, before i allow mindset damage.

Its just training of focused energy and awareness, mostly.

Of course prayer and meditation, calms and settles my mind for the tasks ahead.
Then is all flow. Only the dance matters.
When flow is bad for book , no opinion matters, just cut or regrouping the flow sense and slicing back smoothest i can.
Never forcing anything. No tolerance for slack, or loss.

When i get a good bite on a potential run, i expand very fast, hitting very hard. That probably the only expansion.
Then i quickly realign so that there is no possibility market can touch my cost of my exposure.
Assured victory sense, i guess.

If book gets into bad shape sometimes, due to negligence, i may stage very strong battle into long time zones. But i do not allow this in any regularity. As i not like death battles. But in certain terrains is necessary.

If i feel out of body experience , i just square and go sleep. Or listen to some music. Used go drink hole when i was younger. But i am on the wagon for more than a decade and half already.

regards
  • #28,028
  • Oct 22, 2011 4:03am Oct 22, 2011 4:03am
Quoting fti

nope i no expand.
May dump a fart if situation get hairy. But no, no expansion.
When i am on the markets, i just get very very focused.
A sense of highten attention to details, mostly.
I risk within my limits of book and work towards flow and the markets rhythm.
Also very aware of the sequenses of events affecting the momentum , by true range impacts.
And full of cunning strategies position myself to advantage pricing.

Yes, you correct that i do not allow distractions during this periods. But informed sources can inject good feels...
Fti

Thanks mate.

I appreciate your thoughts, always very refreshing, but not the fart though.

Your mate
mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,029
  • Oct 22, 2011 4:33am Oct 22, 2011 4:33am
Quoting mla
Fti

Thanks mate.

I appreciate your thoughts, always very refreshing, but not the fart though.

Your mate
mla
no pun intended.
Just sometimes, body gets much air and when gets nervious, tend to react.


regards
  • #28,030
  • Oct 22, 2011 4:51am Oct 22, 2011 4:51am
Quoting fti
no pun intended.
Just sometimes, body gets much air and when gets nervious, tend to react.


regards


But now that I think about it, that is expansion, because you feel relief afterwards

I dedicate the following extract to you (fti) and then I will stop bothering you with my crap.

"The mind of a great being is free from worldly desires. He wants nothing. Therefore, he no longer lives for himself alone. His one desire is that others might also be free, that others might find their way out of suffering and into joy.
It is a rapturous experience to celebrate the life of a great being when you recognise one and are blessed by their teachings. For such being are rare, like a plant in the desert that blooms only once every hundred years".

You mate
mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,031
  • Edited 6:50am Oct 22, 2011 6:32am | Edited 6:50am
Quoting mla


But now that I think about it, that is expansion, because you feel relief afterwards

I dedicate the following extract to you (fti) and then I will stop bothering you with my crap.

"The mind of a great being is free from worldly desires. He wants nothing. Therefore, he no longer lives for himself alone. His one desire is that others might also be free, that others might find their way out of suffering and into joy.
It is a rapturous experience to celebrate the life of a great being when you recognise one and are blessed by...
Ah mla,
This one hits right on spot.
yes, i relate.
Comes time in life , when one feels little desires. No ambition, no need keep pushing the envelopes. Then really, there is some hurt see others suffer. Esp when can see that there is no necessity. Sees much unnecessary sufferings. Sometimes due to others folly that jumps out at you, wondering why such peeps not see it. But mostly seeing others suffer ,being manipulated because of power hungry greed and ambition of the ruthless. Or just peeps stuck in helpless situations that have little directions out. Keeps thinking , it not have to be like this. But the world functions in such perspective because every one seems selfish and keep building levels and levels of this torture systems.

I not know much about the bliss of recognising such and benefiting from teachings. All i know is do what I can. Meet 1 show 1 as best one possibility can. If Christ so pure his ways cannot make all see the light ,then I am only 1 little sinner as well, can do little, but only try.Now that I am stuck homebound after the sickness, feels maybe thru this net, that God kindly provided can show some of you my ways deal with markets. Hoping that those who make it to financial independence may free themselves and possibilly help others along. I personally feel financial independence may lead others out of their pits. And moreover the skillset needed to succeed in the trading arena requires that robustness in mind that may be the instrument free their minds from chains that many bind themselves in.
maybe. But surely if one explores God's ways the path of love and caring is the straightest out.

Love and kindness inspite of and not because of. not want chase my own tail.
Really i believe, One can do so much, if one not bother who benefits from it.


regards
  • #28,032
  • Edited 7:14am Oct 22, 2011 6:56am | Edited 7:14am
Quoting fti
Ah mla,
This one hits right on spot.
yes, i relate.
Comes time in life , when one feels little desires. No ambition, no need keep pushing the envelopes. Then really, there is some hurt see others suffer. Esp when can see that there is no necessity. Sees much unnecessary sufferings. Sometimes due to others folly that jumps out at you, wondering why such peeps not see it. But mostly seeing others suffer ,being manipulated because of power hungry greed and ambition of the ruthless. Or just peeps stuck in helpless situations that have little directions...
Fti

Juicy words, mate.

I wish you health and happiness. Your heart where your strength lies is solid. God bless you.

Your humble mate
mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,033
  • Edited 8:32am Oct 22, 2011 7:00am | Edited 8:32am
Quoting fti
ai ya please not get hurt feelings.
The reason why i asked you about banks function is because the main function of a bank is not trade foreign exchange although they are primary dealers of the forex markets.

The main function of a bank is as custodian to the depositor who had placed their life saving in their care. So in banking they have to lend money out so that depositors can have some returns on their deposit as goodwill for their trust. So if banks need lend out money, they are exposed to risk of borrower defaults. So the bigger the bank,...
hello fti,

i understand... the banks get our savings, they leverage it and take huge/dangerous risks.. then pay themselves, than the stockholders get payed and the lenders get 2% i go now to amsterdam to occupy the stockexchangejust kidding but i can realy understand why many people are soo angry... they did NOT forget the basics of banking!!!

i go and sit in the sun now and think about price eqilibrium... and how manipilators mess it up.

kind greets pax
even with my eyes open i cannot see everything
  • #28,034
  • Oct 22, 2011 7:26am Oct 22, 2011 7:26am
Hi Friends!

Great postings during the past few hours.
Very deep and insightful. They are offering a lot inputs to reflect on.

I just want to tell you about an observation I made during the past few days. It is related to bumapatria, the 14 old guy, who stepped in and seems to have a lot of knowledge and experience already.

I have seen several postings from seniors and some other TAF members, who have simple rejected the inputs from buma, because of his age. They have not given it a try, they have not let this postings even pass the self configured "Spam-filter".

When you want to succeed as a trader, we have often stated that we need to be open minded. He have to drop most of our ideas and experiences. Only when you let new ideas pass into your mind, without judgement or filtering by preconceptions, you will be able to change something. Changes require you to be open minded. Without changes, we are not able to evolve from wannabe traders to real successful traders.

For me the past few days have presented a very deep lesson...
Yeah - alot of rigidity inside ...

CU,
Niels
  • #28,035
  • Oct 22, 2011 7:55am Oct 22, 2011 7:55am
Quoting MaMood
Hi Friends!

Great postings during the past few hours.
Very deep and insightful. They are offering a lot inputs to reflect on.

I just want to tell you about an observation I made during the past few days. It is related to bumapatria, the 14 old guy, who stepped in and seems to have a lot of knowledge and experience already.

I have seen several postings from seniors and some other TAF members, who have simple rejected the inputs from buma, because of his age. They have not given it a try, they have not let this postings even pass the...
I'm not sure whether my post is one of those to which you are referring but I felt his response to my comments were irrelevant, which is why I said what I did. His age is not the reason I found little value in his observations on human nature, but it's probably the reason he doesn't have enough knowledge to make them yet.


However, I wouldn't like anybody to think I was singling him out. There seems to be a trend among posters on this thread to try too hard to be profound with every post that they make. What's wrong with making clear, easy to read comments about the market and the approach we are trying to perfect? It would make a change from what can sometimes look like a competition to be more obscure than the master of this thread.

That's not a slight on fti's posting either. As the person who has gracefully shared their knowledge with us over the last few years he is free to present it in any way that he sees fit and probably has good reasons for the style that he has adopted.


If I've offended anybody with the above comments (especially fti) then I'm happy to refrain from posting in here again. I do find the endless quotes and new age psycho-babble that keeps creeping in a little tiresome at times anyway. The answer to life is not in a single quote or book, it's in how you live it.
  • #28,036
  • Oct 22, 2011 7:56am Oct 22, 2011 7:56am
Quoting MaMood
Hi Friends!

Great postings during the past few hours.
Very deep and insightful. They are offering a lot inputs to reflect on.

I just want to tell you about an observation I made during the past few days. It is related to bumapatria, the 14 old guy, who stepped in and seems to have a lot of knowledge and experience already.

I have seen several postings from seniors and some other TAF members, who have simple rejected the inputs from buma, because of his age. They have not given it a try, they have not let this postings even pass the...
Hi Niels

I am not sure what you are talking about, but I can tell you that Buma is my mate. With Redlion and Goldamn and many others we have formed a very strong family and we do very much care about his trading development and not only.

For what I am concerned I never dealt with Buma as a 14 year old, age is only a barrier or a state of mind.

I personally ask Buma to stop trading for at least 10 day, is this what you are referring to? If that is the case I am not going to explain to you or others because is family business, but if you are very keen you can go to his thread and find all the correspondence there, where you can see that our support to Buma is unconditional regardless of his age.

If you do not refer to that but to something that I do not know, I strongly advise you to let me know, because it is my business and will I apologies to you for the above.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,037
  • Oct 22, 2011 8:14am Oct 22, 2011 8:14am
Quoting mla
Hi Niels

I am not sure what you are talking about, but I can tell you that Buma is my mate. With Redlion and Goldamn and many others we have formed a very strong family and we do very much care about his trading development and not only.

For what I am concerned I never dealt with Buma as a 14 year old, age is only a barrier or a state of mind.

I personally ask Buma to stop trading for at least 10 day, is this what you are referring to? If that is the case I am not going to explain to you or others because is family business, but if you...
Hi Niels

Now after reading the post before mine, I understand what you are referring to, even if I was not aware of it.

To be honest this is not the first time I notice that kind of narrowmindeness in this thread. I saw many time traders been attacked in pack only to think
differently. You can read all the 200 first pages, but if you heart is not there you would grasp none.

Buma my not know how to trade yet, but that is not the point. He has got balls and heart.

Also I admire your courage to came forward.

your humble mate
mla
"The Heart is the hub of all dances; go there and chill out"
  • #28,038
  • Oct 22, 2011 8:20am Oct 22, 2011 8:20am
Quoting mla
Hi Niels

Now after reading the post before mine, I understand what you are referring to, even if I was not aware of it.

To be honest this is not the first time I notice that kind of narrowmindeness in this thread. I saw many time traders been attacked in pack only to think
differently. You can read all the 200 first pages, but if you heart is not there you would grasp none.

Buma my not know how to trade yet, but that is not the point. He has got balls and heart.

Also I admire your courage to came forward.

your humble mate
mla
I'm not narrow minded, I simply speak as I find. Neither your nor his posts are of much interest to me. I wouldn't normally point this out though, as it is a little discourteous. However, Bumi answered a post of mine (that wasn't directed at him) so I responded. It certainly wasn't an "attack" on him though, don't be so melodramatic.
  • #28,039
  • Oct 22, 2011 8:37am Oct 22, 2011 8:37am
Quoting j-pax
hello fti,

i understand... the banks get our savings, they leverage it and take huge/dangerous risks.. then pay themselves, than the stockholders and the lenders get 2% i go now to amsterdam to occupy the stockexchangejust kidding but i can realy understand why many people are soo angry... they did NOT forget the basics of banking!!!

i go and sit in the sun now and think about price eqilibrium... and how manipilators mess it up.

kind greets pax
Should the 99% and politicians allow the financial sector to socialize their risks and capitalize their rewards? If the financial sector is so important to society that they cannot be allowed to fail then society has the right to enforce a code of professional conduct for the financial sector to assume responsibility beyond bonuses and investor profits

Pax, march to Amsterdam
  • #28,040
  • Oct 22, 2011 8:46am Oct 22, 2011 8:46am
Quoting Baifu
Should the 99% and politicians allow the financial sector to socialize their risks and capitalize their rewards? If the financial sector is so important to society that they cannot be allowed to fail then society has the right to enforce a code of professional conduct for the financial sector to assume responsibility beyond bonuses and investor profits

Pax, march to Amsterdam
i will take the train and have a look, leave my tent at home ... i am no angry camper
even with my eyes open i cannot see everything
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