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Technical Analysis Fallacy

  • #29,661
  • Dec 8, 2011 5:55am Dec 8, 2011 5:55am
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  • #29,662
  • Dec 8, 2011 7:31am Dec 8, 2011 7:31am
Cool pic Fana! Are they Stuck? LOL
  • #29,663
  • Dec 8, 2011 7:40am Dec 8, 2011 7:40am
Quoting tubguy
Cool pic Fana! Are they Stuck? LOL
Hi Mike. I guess they will move soon:-).
  • #29,664
  • Dec 8, 2011 10:51am Dec 8, 2011 10:51am
Quoting Fana
.
  • #29,665
  • Dec 8, 2011 6:09pm Dec 8, 2011 6:09pm
Quoting simpleman
Difficult to find romantic song if don't know the language.

http://www.youtube.com/watch?feature...GWRMVn4#t=281s

http://www.youtube.com/watch?feature...Nsr4wmA#t=274s


Account is up almost 8% doing part time in 6 weeks. don't i love this new toy.
Good job!
  • #29,666
  • Dec 9, 2011 2:16am Dec 9, 2011 2:16am
Quoting N_Trader
Good job!
Thanks my friend
  • #29,667
  • Dec 9, 2011 1:58pm Dec 9, 2011 1:58pm
Some weekend entertainment.

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Balance
  • #29,668
  • Dec 9, 2011 6:29pm Dec 9, 2011 6:29pm
OK so whats this new EU rules means now... i will tell people how to operate there house if you want to remian under one community aka EU???


V
  • #29,669
  • Dec 9, 2011 7:10pm Dec 9, 2011 7:10pm
Quoting indianguyinny24
OK so whats this new EU rules means now... i will tell people how to operate there house if you want to remian under one community aka EU???


V
As we have discussed many times before, the problem with the EU was in the way it was created, there's no central authority that can enforce the rules. So the new deal is for the individual members to give up sovereignty, which those without major problems are unwilling to do.... can't blame them.

If the people are unwilling to adopt all of the demands of those offering aid there's little recourse; either boot them out of the EU and leave them to their own demise or physically bring them in line.... problem being is there's too many who already have too much skin in the game to watch it collapse - which would probably take several down with them. Everyone has to accept the deal, can't be any exceptions for those who have behaved, unity is needed, can't have any rouge states and the need to eliminate the possibility of it happening again.

Which makes option 2 the only answer if they will not adhere.

watch out.

Someone had posted the old "Eagles " hit "Hotel California".......... "You can check out any time you like, but you can never leave"

Something tells me there's a few in the EU that will be regretfully waking up to that fact.

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  • #29,670
  • Dec 10, 2011 10:35am Dec 10, 2011 10:35am
Hi peeps,

Anyone here knows how fti is doing?

regards
  • #29,671
  • Dec 11, 2011 5:11am Dec 11, 2011 5:11am
A Thousand words
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  • #29,672
  • Dec 11, 2011 4:20pm Dec 11, 2011 4:20pm
Quoting Setebos
A Thousand words

Yep, Ego has no borders.
Rgds.

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  • #29,673
  • Dec 11, 2011 8:01pm Dec 11, 2011 8:01pm
Hope all of you had a good weekend. Just finished my Sunday chart work and have been doing some reading.

From what I've read about last Friday's grand deal in Europe, it will not take long for this thing to fall apart. How is this legal in any European country? Do majorities of people in European countries agree to give up their sovereingnty? And, since when did Europe bacome so poor that they needed so much help from the IMF? It sounds like the idea of channeling 200B euro into the IMF to loan out to European countries is suppose to encourage the US, China and others to pitch in, too! Man, I hope Washington is not that stupid. Can't europe handle this themselves? It seems the answer is yes, but why should they if they can get others to pay for it?

The equity markets got excited last Friday, let's see where the bonds and currencies to this next week. I think the British will look pretty smart within the next few days or weeks.

I am worried about fti. Has anyone heard from him?
  • #29,674
  • Dec 12, 2011 1:17am Dec 12, 2011 1:17am
Quoting GEfx
Hope all of you had a good weekend. Just finished my Sunday chart work and have been doing some reading.

From what I've read about last Friday's grand deal in Europe, it will not take long for this thing to fall apart. How is this legal in any European country? Do majorities of people in European countries agree to give up their sovereingnty? And, since when did Europe bacome so poor that they needed so much help from the IMF? It sounds like the idea of channeling 200B euro into the IMF to loan out to European countries is suppose to encourage...
Hi GE. people are already fed up with EU. They dislike it. They dont care, dont go to EU votes. EU is mess and only range for lazy EU byrocrats. They have no abilities. Here is no democracy. It is heading to fascism.
But the balance from WWII is OVER!
France joined the Axis
  • #29,675
  • Dec 12, 2011 6:07am Dec 12, 2011 6:07am
Happy trading day everyone. Been trading the E/$ lower during London, while keeping an eye on the GBP as it moves North. Have not been keeping up with other markets this morning, and will take some time now to catch up, while getting a fresh cup of coffee and some fresh (cold) air. Hope you are all trading well and still wondering about fti.
  • #29,676
  • Dec 12, 2011 6:09am Dec 12, 2011 6:09am
Quoting Fana
Hi GE. people are already fed up with EU. They dislike it. They dont care, dont go to EU votes. EU is mess and only range for lazy EU byrocrats. They have no abilities. Here is no democracy. It is heading to fascism.
But the balance from WWII is OVER!
France joined the Axis
Hi Fana, well I hope you are able to turn it around before it's too late. Trade well!
  • #29,677
  • Dec 12, 2011 6:19am Dec 12, 2011 6:19am
Quoting GEfx
Hi Fana, well I hope you are able to turn it around before it's too late. Trade well!
Eh GE, i wish...
  • #29,678
  • Dec 12, 2011 2:59pm Dec 12, 2011 2:59pm
Quoting GEfx
Hope all of you had a good weekend. Just finished my Sunday chart work and have been doing some reading.

From what I've read about last Friday's grand deal in Europe, it will not take long for this thing to fall apart. How is this legal in any European country? Do majorities of people in European countries agree to give up their sovereingnty? And, since when did Europe bacome so poor that they needed so much help from the IMF? It sounds like the idea of channeling 200B euro into the IMF to loan out to European countries is suppose to encourage...
Hi GE, me too. I haven't heard from fti either.

@fana try not to be so hard on yourself as well.
Rgds, good trading.
  • #29,679
  • Dec 12, 2011 3:12pm Dec 12, 2011 3:12pm
Quoting jacson101
Hi GE, me too. I haven't heard anything.

@fana try not to be so hard on yourself as well.
Rgds
Hi Jack. Good to see you, thanks. I hope that Fti is OK. We cant miss Christmas and New year gratulations:-). Regards
  • #29,680
  • Dec 13, 2011 6:27am Dec 13, 2011 6:27am
Hello Fti and traders,

This is my first post here. First of all I would like to thank Fti for starting this thread and lots of wisdom he put in here. Honestly I still reading at the AOW lessons in the beginning of the thread. Lots of interesting things and wisdom in those quotes.

But. Please don't take me wrong. I find all this very difficult to relate to trading (yet) but also I begin to feel that I am somehow on the wrong track with my understanding of the ideas that are written here.

Can some one point me to the post where some core principles are written in simple english so somebody with a very little knowledge like myself could grasp the point?

For example. This is what I have undestood so far:

To trade profitably I should never use stop loss orders. There are no rules and cannot be as I must feel and dance with the market. When I enter I could be wrong and that's ok I will then begin to rescue my position by continously averaging down as long as it takes until I come back into the profit, whatever size this profit may be it must be profit. But at the same time I must close all of my positions if my overall loss is something more than 5% or whatever my total risk is. If that happens I just forget it and start the process all over again.

That's how money is made?

Please don't take me wrong, this thread is almost 5 years old and still very active, so there must be lots of traders (students to the method) who really got it. Then, maybe they or Fti himself could point a fallacy in my above understanding of the method.

Thank you very much for any info.

Sincerely,
Adilius
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