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Technical Analysis Fallacy

  • #30,121
  • Jan 20, 2012 6:52am Jan 20, 2012 6:52am
Quoting N_Trader
Happy CNY in advance, Chief

hmm... I have to admit that I don't quite get the wisdom behind your words, Chief.

I understand it as such - There is no good or bad in a trend itself. It is your position in the trend that will determine the outcome. don't try to predict (using "knowledge") if it's going to be up or down (good or evil), depend on the market (tree of life) to tell you which way it is going.

If one tries to be arrogant in predicting the trend (eat of the tree of good and evil), the wages will be death (deep losses)....
Luke 18:19
Genesis 2:17
Revelation 2:7
Romans 6:23
Genesis 2:15-17.............Galatians VI
Matthew 7:12

regards
  • #30,122
  • Jan 20, 2012 6:57am Jan 20, 2012 6:57am
Quoting fti
Luke 18:19
Genesis 2:17
Revelation 2:7
Romans 6:23
Genesis 2:17.............

regards
Lol.... you were not trying to relate the verses to trading? Silly me..

I am a Christian, so I knew they were bible verses. I just thought that there's a hidden msg about trading in those verses.

This is so embarassing....
  • #30,123
  • Jan 20, 2012 7:02am Jan 20, 2012 7:02am
Quoting N_Trader
Lol.... you were not trying to relate the verses to trading? Silly me..

I am a Christian, so I knew they were bible verses. I just thought that there's a hidden msg about trading in those verses.

This is so embarassing....
Think

regards
  • #30,124
  • Jan 20, 2012 7:06am Jan 20, 2012 7:06am
Quoting fti
Think

regards
numbers?
  • #30,125
  • Edited 7:21am Jan 20, 2012 7:10am | Edited 7:21am
Luke 6:46

Matthew 7:21

read vic
http://www.forexfactory.com/showthre...21#post5312821

http://www.forexfactory.com/showthre...21#post5312821

Do you think they hd found solution? What is the real problem?
Distractions will solve?
Back tracking correct err solutions, still leaving the cause will solve?
Its a question of honour..

regards
  • #30,126
  • Jan 20, 2012 7:20am Jan 20, 2012 7:20am
Quoting fti
Luke 6:46

Matthew 7:21

read vic
http://www.forexfactory.com/showthre...21#post5312821

http://www.forexfactory.com/showthre...21#post5312821

Do you think they hd found solution? What is the real problem?
Distractions will solve?

regards
I am thinking very hard, chief.

18:19... hmm...
  • #30,127
  • Jan 20, 2012 7:24am Jan 20, 2012 7:24am
Quoting N_Trader
I am thinking very hard, chief.

18:19... hmm...
oh relax.
read first.....then pray for guidance.
then think.

is nothing so hard.
But surely if you refuse open eye, then how can you see.
let go, open eyes then is clear as daylight.

sorry my holiday starts.
This holiday i gonna reread all of matthew again.
Also Genesis, Jubilees( Little Genesis) and the 1st and 2nd Books of Adam & Eve.

regards
  • #30,128
  • Jan 20, 2012 7:42am Jan 20, 2012 7:42am
Quoting N_Trader
Lol.... you were not trying to relate the verses to trading? Silly me..

I am a Christian, so I knew they were bible verses. I just thought that there's a hidden msg about trading in those verses.

This is so embarassing....

1st instinct was correct.
  • #30,129
  • Jan 20, 2012 8:22am Jan 20, 2012 8:22am
Quoting fti

1st instinct was correct.
Chief, I suspect our bibles are not in sync?

regards
  • #30,130
  • Jan 20, 2012 9:20am Jan 20, 2012 9:20am
Quoting fti
Luke 6:46

Matthew 7:21

read vic
http://www.forexfactory.com/showthre...21#post5312821

http://www.forexfactory.com/showthre...21#post5312821

Do you think they hd found solution? What is the real problem?
Distractions will solve?
Back tracking correct err solutions, still leaving the cause will solve?
Its a question of honour..

regards

yes chief...

V
  • #30,131
  • Jan 20, 2012 9:36am Jan 20, 2012 9:36am
Quoting fti
there's big manipulation in market.
they just quoting the Euro up.
the moment meet selling orders, they scutters.
must be lanrge bid somewhere down there,but like phantom.
wait we try them on wenesday
Lets see if they really have balls.
thanks alot; took a while to cling(and even longer to practice - being long in the "wrong" direction makes snowballing so hard...)

  • #30,132
  • Jan 20, 2012 10:14am Jan 20, 2012 10:14am
Chief, is this what I should be looking for?

Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 141 KB


regards
  • #30,133
  • Jan 20, 2012 12:48pm Jan 20, 2012 12:48pm
Quoting fti
Lets see if you can learn this lesson for life in trading.

"Why do you call me good? Only God the creator is good................."

"Eat not the fruit from the tree of knowledge of good and evil."
"Eat from the tree of life."

in trading, up trend is good or bad, down trend is good or bad?
whats your position?

If you not humble and eat of the tree of good and evil, then the wages of sin is .............
"As you sow so shall you reap."
That hit the nail on the head for me!
  • #30,134
  • Jan 20, 2012 1:15pm Jan 20, 2012 1:15pm
[quote=fti;5312699]Lets see if you can learn this lesson for life in trading.

"Why do you call me good? Only God the creator is good................."

"Eat not the fruit from the tree of knowledge of good and evil."
"Eat from the tree of life."

in trading, up trend is good or bad, down trend is good or bad?
whats your position?

If you not humble and eat of the tree of good and evil, then the wages of sin is .............
"As you sow so shall you reap."

regards



  • #30,135
  • Edited 3:23pm Jan 20, 2012 1:48pm | Edited 3:23pm
Quoting N_Trader
Chief, is this what I should be looking for?

Attachment

regards
N, the concepts you may had understood.
the techniques, i see you absorbed.
The mindset is in err.

There's a couple million combination possibilities. The decision process wil be a binary binormial decision.

The err is in, not something that you should be looking for.
is supposed to be what you should be looking at.
When you looking for something that has couple million possibilities, you will find nothing. But instead if you just looking at it, then she tells you much information.

Is same for God. Peeps looking for God cannot find him. Because if fact what are they looking for?
If you just look at God, you will most certainly find him. His works & love are everywhere. We not even understand the tip of the iceberg of his capacity.


regards
  • #30,136
  • Jan 20, 2012 2:00pm Jan 20, 2012 2:00pm
Quoting fti
Lets see if you can learn this lesson for life in trading.

"Why do you call me good? Only God the creator is good................."

"Eat not the fruit from the tree of knowledge of good and evil."
"Eat from the tree of life."

in trading, up trend is good or bad, down trend is good or bad?
whats your position?

If you not humble and eat of the tree of good and evil, then the wages of sin is .............
"As you sow so shall you reap."

regards


Tomorrow i am declaring holiday for me. Nice weekend.
http://www.youtube.com/watch?v=ow_2jZRzodQ


http://www.youtube.com/watch?v=GJUigrgeasI

"A...

May I take a stab at it?

It relates to staying with your position and not trying to play on every up and down move. (don't be a greedy hog) "as you sow, so shall you reap"

Am I on the right track chief?

Hope your feeling well.

Good Trading
Mike
  • #30,137
  • Edited 4:59pm Jan 20, 2012 2:53pm | Edited 4:59pm
Quoting fti
mike,
vic is closer.
maybe i try make it clearer.
What ever decision is taken, we take it based on our best judgement of whats happening from the limited knowledge base that we had aquired either from study, observations and experience.
We must be humble enough to understand that it may be errorneous. So in Fact we need at all time be nimble and prepared to correct and adjust to new information and changes as they come onstream.

Such adjustment can take form of prepareness to take much pain and realign when flow returns in our favour or...
Hi Fti,
This is what happened to me today. I was short EU in the beginning of session. Price went against me, I added rescue, still against me, third time- still against me, so I was not confident (fear?) in my direction and I closed it all in minus. 20:20 Have I took more pain, all positions would be profitable in the end.
After a while started to short again and build positions, so in the end of traiding session I recouped my losess and made 0.5% profit. But as you say, combinations as endless...
Thanks for your teachings
Jaro
  • #30,138
  • Jan 20, 2012 3:10pm Jan 20, 2012 3:10pm
Quoting Jaro
Hi Fti,
This is what happened to me today. I was short EU in the beginning of session. Price went against me, I added rescue, still against me, third time- still against me, so I was not confident (fear?) in my direction and I closed it all in minus. 20:20 Have I took more pain, all positions would be profitable in the end.
After a while started to short again and build positions, so in the end of traiding session I recouped my losess and made 0.5% profit. But as you say, combinations as endless...
Thanks for your teching
Jaro...
jaro, you had a great trrading day.
you know some days you cannot lose.

days where you are still profitable even though you had a losing streak. Its an even better day. A champion's day. Is like pheonix arising from the ashes.

regards
  • #30,139
  • Jan 20, 2012 3:23pm Jan 20, 2012 3:23pm
Quoting fti
mike,
vic is closer.
maybe i try make it clearer.
What ever decision is taken, we take it based on our best judgement of whats happening from the limited knowledge base that we had aquired either from study, observations and experience.
We must be humble enough to understand that it may be errorneous. So in Fact we need at all time be nimble and prepared to correct and adjust to new information and changes as they come onstream.

Such adjustment can take form of prepareness to take much pain and realign when flow returns in our favour or...

Thanks Cheif,

I thought you were taking a break..... I need to scratch your brain for some stuff (related to audio again)...let me know if i am allowed to do it...


V
  • #30,140
  • Jan 20, 2012 3:29pm Jan 20, 2012 3:29pm
Quoting fti
mike,
Such adjustment can take form of prepareness to take much pain and realign when flow returns in our favour or to extricate self from situation and realign to flow.

Different strategies have different pain threshold requirements. So the choice one makes, requires one have prepared contingencies. Your contingency preparedness is dependant on the state of your books. Ie How much foreign cap one has to dribble around with.

Hope its clearer.

Many times i tell some people watch the Movie Matrix part 1 .... even i see it again and again...

there is so much similarity you see atleast i see in that movie...the scene when he fights the agent in train station is kinda similar the day you put a Big rescue or a Big attack keeping within pain threshold...

V
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