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Technical Analysis Fallacy

  • #29,381
  • Nov 27, 2011 3:10am Nov 27, 2011 3:10am
Quoting fti
what bill? there's no such things as bills, if you have brokers around. Wonder why they're everywhere. Before you can sit down already bottles and bottles of favourite whiskey appears on table like geinies.

Ask the barman for "black devil" thats the formulae for hacks.
If you refined, then kalua or contreau is fine too.

he is correct.
thats how the markets are, every moment.
there's no such thing as historical for trading.
all the relics are in museums.

Oh the two stoogers at barings.
there are many.
One choked on his tekila pop...
I had the opportunity to speak with an oil trader from Shell once. That's what he said too. The concept of bill do not exist when they fellowship
I once had 8 shooters at one go... I think that was my limit never had the black devil before thou.. Tt's y I'm still an engineer I guess

So there is a reference that all institution traders are looking at? And knowing this reference would give one the edge? Let's say we take the open price of a daily candle as reference. The close price would either be above/below/equal to the open. 95% of the time it would be either above/below the open. The reference would then help us to know the chances of which would happen?

Regards
  • #29,382
  • Nov 27, 2011 3:16am Nov 27, 2011 3:16am
Inserted Video




Regards
Bert
  • #29,383
  • Edited 3:34am Nov 27, 2011 3:17am | Edited 3:34am
Quoting N_Trader
I had the opportunity to speak with an oil trader from Shell once. That's what he said too. The concept of bill do not exist when they fellowship
I once had 8 shooters at one go... I think that was my limit never had the black devil before thou.. Tt's y I'm still an engineer I guess

So there is a reference that all institution traders are looking at? And knowing this reference would give one the edge? Let's say we take the open price of a daily candle as reference. The close price would either be above/below/equal to the open....
ya, is called leaning. Only need see que.
market makers can make all sorts patterns for you, if materials exist.
can even make market scratching its donkey pattern , if they like.
Otherwise can send in assasins wipe out both offer and bids, if their books stressed.
just need have many high tiered friends having same stress.
This has nothing do with trading anchovies, is the market's bread butter.

One day , if i can get the energies.
I can set up a Bourse trading game help you peeps understand better.

regards
  • #29,384
  • Nov 27, 2011 3:35am Nov 27, 2011 3:35am
Quoting fti
ya, is called leaning. Only need see que.
market makers can make all sorts patterns for you, if materials exist.
can even make market scratching its donkey pattern , if they like.
Otherwise can send in assasins wipe out both offer and bids, if their books stressed.
just need have many high tiered friends having same stress.

One day , if i can get the energies.
I can set up a Bourse trading game help you peeps understand better.

regards
Chief, what do you mean see que? Que = queue?

Could you explain further about leaning too?

Small time retailers like us would never get to know the reference they use?
Many preached that pivots are such reference, but for as many times that they are valid r/s, I can find equivalent examples that show pivot failures. So I don't have them on my charts.

If you start the game chief, please count me in.

Regards
  • #29,385
  • Nov 27, 2011 3:44am Nov 27, 2011 3:44am
Quoting N_Trader
Chief, what do you mean see que? Que = queue?

Could you explain further about leaning too?

Small time retailers like us would never get to know the reference they use?
Many preached that pivots are such reference, but for as many times that they are valid r/s, I can find equivalent examples that show pivot failures. So I don't have them on my charts.

If you start the game chief, please count me in.

Regards
is not easy task set up the game.
Need book hotel for players with full com and living enviroment for at least 1 month to simulate real life situations.
Need team administrators and marshalls and tons of secretaries manage stuff. Also a big team of simulated back office ops.

Citi used to host games at makati training center.
I not know if it still exist.
The last games i played was in the 70s.
Played against some 50 thai banks dealers.
guess who the champion?


regards
  • #29,386
  • Nov 27, 2011 3:49am Nov 27, 2011 3:49am
Quoting GEfx
According the the WSJ, there is one on Monday, but other pubs say that the auction scheduled for Monday was cancelled due to the poor German auction last week/all the other market jitters. Thanks for this excellent information. Now, one more request: what time of day are the auctions conducted and announced? We know when they are done and announced in the US, but I am not sure when these are conducted and when the participation data is released.

I'll try to dig up the WSJ article and post it tomorrow.
Yes, should know time as well as date. Unfortunately I don't know, my guess is during European morning - 11:00 CET for the German auction last week (?) I remember seeing news flashes referencing it in my local news channel by lunch time.

Rgs,
Baifu
  • #29,387
  • Nov 27, 2011 3:50am Nov 27, 2011 3:50am
Quoting cuthbert
http://www.youtube.com/watch?v=ZRd9j1DIgQg



Regards
Bert
Hi Bert

This guy make sense to me.

mla

Inserted Video
"The Heart is the hub of all dances; go there and chill out"
  • #29,388
  • Nov 27, 2011 3:51am Nov 27, 2011 3:51am
Quoting fti
is not easy task set up the game.
Need book hotel for players with full com and living enviroment for at least 1 month to simulate real life situations.
Need team administrators and marshalls.

Citi used to host games at markati training center.
I not know if it still exist.

regards
Chief, with such a large following on this thread, there is nothing that cannot be done

One thing I've learnt from you - it's onlY a qn of how badly one wants to get it done

Markati in The Philippines?

Btw, am I pushing too much to ask about leaning? My apologies if I did...
  • #29,389
  • Nov 27, 2011 3:56am Nov 27, 2011 3:56am
Quoting N_Trader
Chief, with such a large following on this thread, there is nothing that cannot be done

One thing I've learnt from you - it's onlY a qn of how badly one wants to get it done

Markati in The Philippines?

Btw, am I pushing too much to ask about leaning? My apologies if I did...
Ya someone suggested to me .
If i collect 10,000 per month from each of you peeps.
I no need trade for a living any more.

What do you want to learn big guns game for?
You not market maker.
You not institution.
If you institution, you will need pay me thru your nose for the skills training.



regards
  • #29,390
  • Nov 27, 2011 3:58am Nov 27, 2011 3:58am
Quoting fti
Ya someone suggested to me .
If i collect 10,000 per month from each of you peeps.
I no need trade for a living any more.

regards
Hey Fti

I can collect for you.
10% cut for me? is that ok?

mla
cosa nostra
"The Heart is the hub of all dances; go there and chill out"
  • #29,391
  • Nov 27, 2011 4:01am Nov 27, 2011 4:01am
Quoting fti
Ya someone suggested to me .
If i collect 10,000 per month from each of you peeps.
I no need trade for a living any more.

regards
I already owe you more then that.
  • #29,392
  • Nov 27, 2011 4:02am Nov 27, 2011 4:02am
Quoting N_Trader
I already owe you more then that.
Hey

what about me? real friend you see when needed.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,393
  • Nov 27, 2011 4:02am Nov 27, 2011 4:02am
Quoting mla
Hi Bert

This guy make sense to me.

mla

http://www.youtube.com/watch?v=kSxVYp3X6Yk
Hi Mla,

both are almost same.

Regards
Bert
  • #29,394
  • Nov 27, 2011 4:04am Nov 27, 2011 4:04am
Quoting cuthbert
Hi Mla,

both are almost same.

Regards
Bert


mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,395
  • Nov 27, 2011 4:05am Nov 27, 2011 4:05am
Quoting mla
Hey Fti

I can collect for you.
10% cut for me? is that ok?

mla
cosa nostra
ya you want be my PA.
Then you pay first.
Its a very resposible position.
Everything you are responsible.

Then i need set up superviswory team make sure you on your toes.
Maybe is best you try learn what i had given and jell it together make a living for the rest of your living.
Is not easy work for me. I amvery very demanding person.
Nothing but the best only.

Perfection i cannot expect, only close to perfection i demand.


regards
  • #29,396
  • Nov 27, 2011 4:07am Nov 27, 2011 4:07am
Quoting fti

guess who the champion?


regards
who else could it be????
After all its you from whom we get inspiration and motivation.
  • #29,397
  • Nov 27, 2011 4:08am Nov 27, 2011 4:08am
Quoting Conceptual
Slow, or fast, is ok. Just try to read in context, as many in the online trading community often times fail to do that - to their own disadvantage, of course.

That is precisely the paradigm for individual motorized transportation currently being studied, evaluated, tested and analyzed, as we type our respective posts and you can expect Daimler/Mercedes to be one of the automobile manufacturers who lead the tip of the technological spear on such 'guided transportation' technology for the masses. Some infrastructural changes in our roads, streets,...
Thank you for your response and I will keep this in context. What you are suggesting here is - for an automated driving system to work, it will require some infrastructure changes. So this system will only work under certain conditions and therefore, I put to you, that it will not work under all conditions as those infrastructure changes will not be applied universally around the world.

Quoting Conceptual
However, in the world of aviation, such technology already exists and has existed for at least a couple decades, with the Boeing 757 being the prototypical example of the new age of the so-called Glass Jet. Today, most commercial aircraft are capable of CAT-III approach and landings w/auto throttle command and control issued via computer algorithms with zero pilot intervention.

I use an automated system when I trade, and I use an automated system when I fly:
If we are at that level then please explain to me why some of the largest and most advanced airports in the world, such as Heathrow, close during heavy fog and snowy conditions? Again, I put to you that such systems only work under certain conditions and will not work at less advanced airports that do not have the guidance systems necessary for automated take-offs and landings.

Quoting Conceptual
Do I have to? No. But, does it make me a more efficient, safer and informed pilot? Yes. Similarly, I don't have to use a trading system - but I do, so that I can obtain higher levels of profitability, by excluding increased levels of human error from the loop.
And how do you cater for errors in the trading system? Human intervention?

Quoting Conceptual
So, the question really is this: Why haven't you been able to produce a technical trading system that works for you and allows you the freedom of excluding most human error, that is almost guaranteed to creep into your overall results, sooner or later?
It is simple, because there is no trading system, in the retail sphere, that works under all market conditions. A system may work under certain conditions but it will not under others.

So in conclusion, with regard to all of your suggestions, the times you rely on these systems under incorrect conditions - is the time you lose your money, the time your car crashes and the time your plane skids off the runway.

I would suggest reading this thread to get a better understanding, at least the first 200 pages. Information on market structure will be useful but so will the other parts.
  • #29,398
  • Nov 27, 2011 4:10am Nov 27, 2011 4:10am
Quoting fti
ya you want be my PA.
Then you pay first.
Its a very resposible position.
Everything you are responsible.


regards
Fti

You are such a dealer. Ok done 50 %.

I start to call my family for collection, just confirm.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #29,399
  • Nov 27, 2011 4:23am Nov 27, 2011 4:23am
Quoting mla
Fti

You are such a dealer. Ok done 50 %.

I start to call my family for collection, just confirm.

mla
Oh you want?
ok
do 1st step goodfaith.
send 1 mio to charity of your choice and present receipt.
and i not like lazy peeps who give to administratiors.
give it to the hands that need it.

Then we can talk.


eer try not cheat me and donate 1 mio yen.
is usd equal please.

regards

err just that you know.
I love people who support ophanages.
  • #29,400
  • Nov 27, 2011 4:26am Nov 27, 2011 4:26am
Quoting mla
Fti

You are such a dealer. Ok done 50 %.

I start to call my family for collection, just confirm.

mla


Where is confirmation coming from? It takes so long.

Anyway, I spoke to Mamood about the $10000 and he sais that is too much, not worth it

But if you confirm, I will make him pay, no prob.

mla
"The Heart is the hub of all dances; go there and chill out"
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