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Technical Analysis Fallacy

  • #29,181
  • Nov 20, 2011 11:35am Nov 20, 2011 11:35am
Sad this had to resurface again. FTI your vast amount of time you have put into this thread from your own kindness is greatly appreciated my many.

  • #29,182
  • Nov 20, 2011 12:02pm Nov 20, 2011 12:02pm
Quoting MaMood
Hi Zoran,

Unfortunatley I haven't found anything that is so clear (at least to people with a driving license) like driving in a car also on different street conditions like snow or during u thunderstorm ...

Perhaps you have some more analogies at hand?

CU,
Niels
In the early parts of this thread I didn't understand it myself because I had already set my ways. So I do sympathise. I eventually started understanding when I put a naked 5 min chart in front of me and started trading. Then it was about retraining and internalisation, which takes time. Fortunately, I wasn't trading for too long before discovering this thread so I didn't have a great deal of bad habits.

For me it is a self discovery excercise. Knowing my emotional bounds and addressing them, especially fear. The scorpion likes to visit when things get rough but with the right strategies, it can be contained. Remember the three magic rules?

When people break the rules, get themselves into a mess and keep watching their crystal ball, emotions get high. I think both myself and fti detected that. It is part of the learning curve but lets hope the lesson is learnt.
  • #29,183
  • Nov 20, 2011 12:05pm Nov 20, 2011 12:05pm
Quoting cuthbert
Hazrat Ali A.S said;

1. During civil disturbance adopt such an attitude that people do not attach any importance to you - they neither burden you with complicated affairs, nor try to derive any advantage out of you.

2. He who is greedy is disgraced; he who discloses his hardship will always be humiliated; he who has no control over his tongue will often have to face discomfort.

Regards
Bert
May I ask who you referin to here? Who call who names first? If people fair and read thread without take side, redlion was call bad name first. Most insulting and not right. so yes he who has no control over his tongue will often have to face discomfort and I not refer to redlion.
  • #29,184
  • Nov 20, 2011 12:11pm Nov 20, 2011 12:11pm
Quoting M-H Trader
Sad this had to resurface again. FTI your vast amount of time you have put into this thread from your own kindness is greatly appreciated my many.


I understand.
Many would gain some training from all this.
But is very sad for me, when one supposedly is following and learned from me, come atelling all. You got to predict. Then peeps start getting hard in the arteries and dig themselves into holes that they cannot climb out of.
Same like recently when all build such a strong short euro bias , even i had a hard time digging out of that hole. Fortunately God willing, managed to dig out with good pips after stressed high skews.
But no matter, I try help as many as i can. the rest is heaven's will.
I just gotta let it be. There's only so much I can do. Everything needs end somewhere. Maybe the surfacing of renegades is sign for me, I had done enough.

regards
  • #29,185
  • Edited 12:52pm Nov 20, 2011 12:13pm | Edited 12:52pm
Quoting Zoran
In the early parts of this thread I didn't understand it myself because I had already set my ways. So I do sympathise. I eventually started understanding when I put a naked 5 min chart in front of me and started trading. Then it was about retraining and internalisation, which takes time. Fortunately, I wasn't trading for too long before discovering this thread so I didn't have a great deal of bad habits.

For me it is a self discovery excercise. Knowing my emotional bounds and addressing them, especially fear. The scorpion likes to visit when things get rough but with the right strategies, it can be contained. Remember the three magic rules?

When people break the rules, get themselves into a mess and keep watching their crystal ball, emotions get high. I think both myself and fti detected that. It is part of the learning curve but lets hope the lesson is learnt.


Yes, Zoran,
I am glad you have arrived.

keep the faith.
Good Fortune.

regards
  • #29,186
  • Nov 20, 2011 12:14pm Nov 20, 2011 12:14pm
Quoting fti
rule 1 preservation of capital
rule 2 preservation of capital
rule 3 do not forget rule No 1.
The three magic rules.
  • #29,187
  • Edited 12:53pm Nov 20, 2011 12:18pm | Edited 12:53pm
Quoting Fayloh
May I ask who you referin to here? Who call who names first? If people fair and read thread without take side, redlion was call bad name first. Most insulting and not right. so yes he who has no control over his tongue will often have to face discomfort and I not refer to redlion.

Originally Posted by Fayloh
"May I ask who you referin to here? Who call who names first? If people fair and read thread without take side, redlion was call bad name first. Most insulting and not right. so yes he who has no control over his tongue will often have to face discomfort and I not refer to redlion."

ya idiot, don't read my thread.
see i called you name first kiddo.
Idiot.
Come in the markets.
have balls.
see i said something unkind to you.
Come in the market and take my balls, if you got the marbles.
Any chance, kiddo?
Oh go cry to mummy.
You best hide from my sight before i start hurling f4 words at you.
Troublemaker.
FF got to find ways keep kids out of the forum.
  • #29,188
  • Nov 20, 2011 12:30pm Nov 20, 2011 12:30pm
"when emotions have yet to emerged, that is called balance; when they are active yet in proportion, that is called harmony."
  • #29,189
  • Nov 20, 2011 1:35pm Nov 20, 2011 1:35pm
Quoting the redlion
hey dude long time no see.

cause a wise man accepts his mistakes.

i had a talk with nubcake, and he makes sense

buy or sell by definition there is prediction to it.

now fti mentions not to be mechanical and not to trade solely on indicators read, but the whole follow price thing idea i think sometimes is taken too far in this thread.

objective analysis, of market and trade is what is really required, but then again objective is very subjective in financial instrument trading. hence the difficulty of this endeavor,

we all have...
Redlion


Just got up.

Went back and red this post, do not agree with you on this one.

Nubcake is a bit of a nonsense, fast with his mind (to inplant stuff in other peoples head) but slow with is heart. Not worth it.

Was the first one to be on my ignore list.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,190
  • Nov 20, 2011 1:55pm Nov 20, 2011 1:55pm
yeah nubcake is an asshole, and a troll lol
but very smart, you gotta give him that, logic=logic, a+b=c


fti insulted me, and did it in a language i do not understand (i find this disappointing and maybe its the American in me but above ALL ELSE I RESPECT MYSELF FIRST) we are all equal and i do not agree on someone talking to me that way, be it the president or the janitor. no one is above me, no one is below me. respect to be respected

second of all, it is logical to say that
buy= expected appreciation
sell= expected devaluation

we anticipate price, and attempt to objectively analyse it, we take many factors in consideration before arriving to a decision, but at the end of the day, no matter what decision we make.

the influx of money coming in and out of the market, political, macro economic factors, or interventions= orders being match turning price up or down, with every tick changing the picture in front and we need to continue to analyse whether our analysis is still valid.

hence my statement that there is always a prediction factor to it, the only way to not predict is to ignore the market all together. i just got irritated with the vagueness of how this whole concept, or how far people take this in this thread, and how i get attacked excommunicated, and now everyone assumes i must be a trading failure.................because i dared present my point of view.

"i am the enemy, i am an asshole face, i am a thieve, i am troll, i turned rouge, i am an ungrateful shit"

do you see my point?

fti owes me an apology for insulting me, not the other way around. it is disappointing, and very unbecoming from some one i held in high regards
AVT INVENIAM VIAM AVT FACIAM
  • #29,191
  • Nov 20, 2011 2:08pm Nov 20, 2011 2:08pm
Quoting the redlion
yeah nubcake is an asshole, and a troll lol
but very smart, you gotta give him that, logic=logic, a+b=c


fti insulted me, and did it in a language i do not understand (i find this disappointing and maybe its the American in me but above ALL ELSE I RESPECT MYSELF FIRST) we are all equal and i do not agree on someone talking to me that way, be it the president or the janitor. no one is above me, no one is below me. respect to be respected

second of all, it is logical to say that
buy= expected appreciation
sell= expected devaluation

we anticipate...
You need to step back and think from an Traditional Eastern and Mentor/Student mindset, to publicly contradict the teacher, specially in his classroom is considered extremely rude.

fwiw
  • #29,192
  • Nov 20, 2011 2:12pm Nov 20, 2011 2:12pm
Quoting the redlion
yeah nubcake is an asshole, and a troll lol
but very smart, you gotta give him that, logic=logic, a+b=c


fti insulted me, and did it in a language i do not understand (i find this disappointing and maybe its the American in me but above ALL ELSE I RESPECT MYSELF FIRST) we are all equal and i do not agree on someone talking to me that way, be it the president or the janitor. no one is above me, no one is below me. respect to be respected

second of all, it is logical to say that
buy= expected appreciation
sell= expected devaluation

we...
I hear you mate, I hear you.

To go back to nubcake nonsense, in my view the intelligence of the heart is more important of the intelligence of the mind.

You can be smart, but if is not use for any good is not worth it.

For the rest I think is just family business, we do not have to agree with our family and sometime we want tell them that we see things in different way,
just because subconsciously we want to confirm our love to them.

I do not see anything wrong in that and I think is healthy to clear things up.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,193
  • Nov 20, 2011 2:12pm Nov 20, 2011 2:12pm
Quoting auxesis
You need to step back and think from an Traditional Eastern and Mentor/Student mindset, to publicly contradict the teacher, specially in his classroom is considered extremely rude.

fwiw
but i am an AMERICAN, it is not in my culture to submit as an eastern mentor student, like karate kid.

and as a professional myself, and as an individual, i find it distasteful, but anyway, this is ftis thread and recognize i am no longer welcome here
AVT INVENIAM VIAM AVT FACIAM
  • #29,194
  • Nov 20, 2011 2:25pm Nov 20, 2011 2:25pm
Quoting auxesis
When I find myself in someones home, I take off my shoes, abstain from pork, alcoholic drinks or certain topics of conversation, what ever it may be, if I perceive that they be offensive...... I'm free to do as I choose, but find it better to humble myself as a gesture of friendship and respect than impose my rite of individuality or self-expression.
Yes, but you also like to express yourself in a respectful manner. You do not want to say yes when you think no. That is also not respectful. There is nothing wrong in that in my view.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,195
  • Nov 20, 2011 2:32pm Nov 20, 2011 2:32pm
Quoting the redlion
the influx of money coming in and out of the market, political, macro economic factors, or interventions= orders being match turning price up or down, with every tick changing the picture in front and we need to continue to analyse whether our analysis is still valid.
You see, too much analysis. Too much going through your head my friend. You take a position and once you're in, you manage it based on what is appearing before your eyes. Always protect your book. Stay with the basics. You can't come here and start telling people how it is, if you yourself don't understand and still expect respect.

If someone offended you then maybe a box of tissues will help? How do you manage your emotions in the market? Do you expect the market to apologise each time it goes against you? Who is right?
  • #29,196
  • Nov 20, 2011 2:34pm Nov 20, 2011 2:34pm
Quoting the redlion
yeah nubcake is an asshole, and a troll lol
but very smart, you gotta give him that, logic=logic, a+b=c
Hi Redlion, hope you decide to stay and participate here in fti's thread. You have always provided excellent input in every thread I've seen you participating. As for nubcake, he may be smart, but keep in mind smart people are a dime a dozen. The only thing that counts is accomplishment. Smart + failure = failure. Best wishes to you and good trading. How is the medical profession treating you? I hope well.
  • #29,197
  • Edited 4:41pm Nov 20, 2011 2:44pm | Edited 4:41pm
Quoting auxesis
Yes, when I think i can be of help to direct the conversation back to the thread's original intent . For a long time I have kept basically inactive in the thread, and when I do chime in I try to always classify them as "in my opinion or interpretation".

I too once, accidentally, corrupted the thread by introducing some info on a chart that was not in the context of the thread...... I deleted the posts and have been careful to avoid the same mistake, out of respect to FTI.

There's many posts and charts of mine through out FF regarding non...
I appreciate your view, but Redlion is not you, and I am not Redlion.

And really I think this is the point that he is trying to make and cares about. Very valid in my view. To be friend, we do not have to think the same. Do we? And if I disagree with you, you refuse to be my friend? If that is the case I will start to have doubt about our friendship and the philosophy behind and that is why I am questioning and pushing the edge a bit more.

"Nothing perceived is independent of perception, and perception differs not from the perceiver; therefore the (perceived) universe is nothing but the perceiver"

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,198
  • Nov 20, 2011 3:00pm Nov 20, 2011 3:00pm
Anyway I hope Fti and Redlion can just come to terms with each other differences. I really hope for both of them.

I wish not to continue on this subject.

You all have a wonderful day/evening.

your mate
mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,199
  • Edited 6:55pm Nov 20, 2011 5:13pm | Edited 6:55pm
I came to tell that i just made an easy 20 pips shorting AU and i see the whole schamng...

wow... just wow...

Basically rather then thanking to FTI for free lessons which many of us are able to stand on our own feets...what are we trying to tell him...and pardon me whos trying to tell him...

Chief, humble request this is not worth your time or health...BE SELFISH and take care of your health...

this is sad....rather loving and respecting the guy you talk to him like this......


dont worry what goes around ...comes around ...

BTW this is IMHO.....

Redlion keep your ego on tame...i personally see that in you..some of your answers to me were amazing too.......and also just for FYI...U R NOT THE ONLY LION IF YOU THINK YOU ARE....


V

PS: hate when i loose my patience....
  • #29,200
  • Nov 20, 2011 5:35pm Nov 20, 2011 5:35pm
“There are many, many angles at which one can fall but only one angle at which one can stand straight.”


G. K. Chesterton
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