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Technical Analysis Fallacy

  • #30,161
  • Jan 21, 2012 7:21am Jan 21, 2012 7:21am
Quoting fti
Veritos,
unfortunately i was same, want that which all humans want.
, when i was young i was trained in honour, chivalry, fair play.
then as i lived i saw how important it all was when i saw how it really is in the world . We are all same. By nature we are all simple. The complexity arises from our needs elbowing up the ladder and in the processs some of us lost the humaness in us. W e are not so different from Cain. Its difficult trust others, so all works get self up first. Some of us never returned to our real state even when we had achieved...

Yes,and grandma always told me that the greedy were almost certain to lose twice.
So there's an opportunity cost to what you wrote as well sir.
Good to read everyone's been getting on.
Rgds
  • #30,162
  • Jan 21, 2012 8:31am Jan 21, 2012 8:31am
Quoting jacson101
Yes,and grandma always told me that the greedy were almost certain to lose twice.
So there's an opportunity cost to what you wrote as well sir.
Good to read everyone's been getting on.
Rgds
Is it not (controlled? ) greediness the driving force behind any successful trader?
  • #30,163
  • Jan 21, 2012 8:43am Jan 21, 2012 8:43am
All tech approaches to the market suffer from same basic weakness They fail to take into account secular ( non-technical ) events that the market reacts to. Those may include, but are not limited to , economic reports that vary from expectations, untimely or unwanted comments from political personages that may ( or may not) affect future global economic activety, acts or terrorism or war or threats of same, surprise interest rate changes or fiscal interventions, acts of nature that affect economic activety , earthquakes, sunamis, ect. , ect. The list is infinite and its outcomes are largely unpredictable. What complicates the matter still further is that these events can seriously warp technical indicators and charts to a degree that they become unreliable until the market has discounted and adjusted to its' now new condition. And ,at that time they again become vulnerable to another secular event, and on and on the cycle goes. If only the market was limited to technical considerations it would be subject to logical consequences and predictable outcomes.
  • #30,164
  • Jan 21, 2012 9:06am Jan 21, 2012 9:06am
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.

[b]Such adjustment can take form of prepareness to take much pain and realign when flow returns...
Hi chief,

Sorry that I am slow on this. The above is the mindset that you are referring to?
I have much to learn still... In fact, it's usually the thing that kills me in the market...

Thanks for trying to show me the light chief. Let go you say, and I will see.

Regards
  • #30,165
  • Jan 21, 2012 9:18am Jan 21, 2012 9:18am
Quoting Arhs99
Is it not (controlled? ) greediness the driving force behind any successful trader?
I guess, but I don't have the answer to your question.
Success has many many different mandates, and most dealing rooms have built in security screening features for the greed.

Believe it or not not everyone knows that there were two Judas's.
One is venerated as a half brother, and the other sold his soul for 30 pieces of silver.
Rgds
  • #30,166
  • Jan 21, 2012 9:31am Jan 21, 2012 9:31am
Unfortunately for me (not really), I learn more from my mistakes than I do from my successes (as do most whether they realize it or not). Every failure in trading is a VERY important opportunity for improvement. Ego has no place in trading and i see a lot of very large egos on ForexFactory.
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #30,167
  • Jan 21, 2012 10:09am Jan 21, 2012 10:09am
Quoting fti
Why?
You think i read the bible from a lesser God?
or a lesser canonisation of it?
Of coz not, chief. That's not what I meant. Lol.

I missed your point and think too much. I thought that you were trying to show me something on the charts. Anyway, I totally missed what you were trying to teach me talk about over analyzing....

Regards

P.S. this is probably the only thread on FF spreading the gospel.
Indeed God works in ways beyond our imagination.
  • #30,168
  • Jan 21, 2012 10:12am Jan 21, 2012 10:12am
Quoting Veritos
Hi Vic and Chief (if i may ),

simplicity is also against human nature. Not that its impossible but really not the norm. We (majority) want to be different. Want to be in the centre of attention. Want to be special.....etc
By desiring all these wants, we deviate away from the truth of simplicity.

I feel that most of the teaching from Jesus are trying to direct us back to our basic and simplicity. Transform and not conform.... transform our complication back to simplicity..
Simply receive good gifts from our ABBA.

Chief have a good...
Well said.
  • #30,169
  • Jan 21, 2012 10:35am Jan 21, 2012 10:35am
Hi Niels,

Are you still using skype? Seems I couldn't get you....

hope you are doing fine..


regards
  • #30,170
  • Edited 11:17am Jan 21, 2012 10:44am | Edited 11:17am
Chief,

I think it's something like that...

http://www.forexfactory.com/showthre...43#post5218843

and this

http://www.forexfactory.com/showthre...96#post1729496

Thanks for pulling me back from the edge opf the cliff...

regards
  • #30,171
  • Jan 21, 2012 10:53am Jan 21, 2012 10:53am
And I need to thank you too, V.

regards
  • #30,172
  • Jan 21, 2012 11:17am Jan 21, 2012 11:17am
Quoting Arhs99
Is it not (controlled? ) greediness the driving force behind any successful trader?
had good rest.
many newbies.

i will just address your question.
greed and fear drives every market place.
be it greed for need for the lastest gadgets.
or fear that without one , would make one disadvantaged or out of trend.
greed and fear drives all markets.
in fact it drives all commerce.
So you like make generalised statements that greed is driving force of successful traders. The answer is yes. Also drives the failures.

regards
  • #30,173
  • Edited 12:32pm Jan 21, 2012 11:25am | Edited 12:32pm
Quoting eyeball
All tech approaches to the market suffer from same basic weakness They fail to take into account secular ( non-technical ) events that the market reacts to. Those may include, but are not limited to , economic reports that vary from expectations, untimely or unwanted comments from political personages that may ( or may not) affect future global economic activety, acts or terrorism or war or threats of same, surprise interest rate changes or fiscal interventions, acts of nature that affect economic activety , earthquakes, sunamis, ect. , ect. The...
ok hello, welcome.
what you said is true.
But you not taken account of technical studies that uses price as benchmark for decisions. So you statement that all technical analysis has same weakness is not totally accurate. It depends on the lag of a technical study that detemines if the weakness is critical for decision making processes.

You may understand better if you have understanding of lag, in computer terms is know as latency.

Ponder this, Now if you had latency of 5 mins lag on actual prices (exaggerated for discussion purposes) from your brokers your decision making process may be impaired. This is because you will be unable react to the real prices actions due to you being too slow to respond because of the latency.

regards
  • #30,174
  • Jan 21, 2012 11:28am Jan 21, 2012 11:28am
Quoting jacson101
I guess, but I don't have the answer to your question.
Success has many many different mandates, and most dealing rooms have built in security screening features for the greed.

Believe it or not not everyone knows that there were two Judas's.
One is venerated as a half brother, and the other sold his soul for 30 pieces of silver.
Rgds
Hi Jack,
Happy new year.

regards
  • #30,175
  • Jan 21, 2012 11:31am Jan 21, 2012 11:31am
Quoting jeeper
Unfortunately for me (not really), I learn more from my mistakes than I do from my successes (as do most whether they realize it or not). Every failure in trading is a VERY important opportunity for improvement. Ego has no place in trading and i see a lot of very large egos on ForexFactory.
Hello and welcome,
Is great that you learn from your failures. The important point is that you learn.
In my opinion peeps should learn from their failures and sucesses as well. Help build some skills either way.

regards
  • #30,176
  • Jan 21, 2012 11:41am Jan 21, 2012 11:41am
Quoting N_Trader
Of coz not, chief. That's not what I meant. Lol.

I missed your point and think too much. I thought that you were trying to show me something on the charts. Anyway, I totally missed what you were trying to teach me talk about over analyzing....

Regards

P.S. this is probably the only thread on FF spreading the gospel.
Indeed God works in ways beyond our imagination.
You missed my point again N.
I quoted some bibilcal notes , not intending spread the gospel.
Just to highlight where my source of education was from.

Is not polite rub salt on forexfactory, because they are already bending backwards , tolerating some postings from biblical sources, although religious posting are not welcomed on their forums. They gave liberty of some leeway because as I had been around for sometime here and they are aware that these post are meant to highlight my point of source of my education.

Also if you are not aware of Jesus life story , as you had said you are christian, then i believe you can get your education about that in church.

So i hope i will not have to lead members her from being banned from the forums because we say a little stuff that comes from biblical sources.

regards

Oh 1 more thing, I noticed you are trying get some hands on lead on market reads.
Please note that i am no longer trading, so i will have no more hands on sessions.
Try refer research back to the earlier 200 pages +-

1 more thing.
you mentioned.
"In fact, it's usually the thing that kills me in the market... "
If you get killed many times in markets, then i fervently urge you to think about your exposure size.
You can also research my earlier posting on this subject.
  • #30,177
  • Jan 21, 2012 11:47am Jan 21, 2012 11:47am
Quoting fti
You missed my point again N.
I quoted some bibilcal notes , not intending spread the gospel.
Just to highlight where my source of education was from.

Is not polite rub salt on forexfactory, because they are already bending backwards , tolerating some postings from biblical sources, although religious posting are not welcomed on their forums. They gave liberty of some leeway because as I had been around for sometime here and they are aware that these post are meant to highlight my point of source of my education.

Also if you are not aware...
Hi Chief,

I apologize for what I said. It was never my intention to rub salt on any wounds.

I will stay off this topic henceforth...

And to those that r offended in anyway, my sincere apologies to you too...

Regards

P.S. I'm sorry that I came across to you as such... I will do some soul searching and self-reflection...
Hmm... My msg to Niels was not for Handson session... In case you misunderstood. I trying to keep in touch that's all.

Thanks for all that you have given. And I am always grateful...
  • #30,178
  • Jan 21, 2012 11:48am Jan 21, 2012 11:48am
Quoting Zoran
Matthew 7:13-14

"Enter through the narrow gate. For wide is the gate and broad is the road that leads to destruction, and many enter though it. But small is the gate and narrow the road that leads to life, and only few find it."
Zoran, thank you.
I know you had found the way already.
How are you doing in terms of trades?

Happy new year.

regards
  • #30,179
  • Jan 21, 2012 11:54am Jan 21, 2012 11:54am
Quoting N_Trader
Hi Chief,

I apologize for what I said. It was never my intention to rub salt on any wounds.

I will stay off this topic henceforth...

And to those that r offended in anyway, my sincere apologies to you too...

Regards
i know you don't know because those postings were marked and removed.
Forexfactory had highlighted to us before about complaints by some members about religious posting and by virtue of their forum rules members can be banned for breach of terms. So I have no intentions make things difficult for them. Only that some i try point my source of education when absolutely necessary for understanding. There is no intent to do any church work here. If i wanted do i would do that in church.
but in my state now, is even difficult just getting to church.

Thank you for understanding.

regards
  • #30,180
  • Jan 21, 2012 11:59am Jan 21, 2012 11:59am
Quoting fti
i know you don't know because those postings were marked and removed.
Forexfactory had highlighted to us before about complaints by some members about religious posting and by virtue of their forum rules members can be banned for breach of terms. So I have no intentions make things difficult for them. Only that some i try point my source of education when absolutely necessary for understanding. There is no intent to do any church work here. If i wanted do i would do that in church.

Thank you for understanding.

regards
I hear you, Chief.

It's really my bad. No excuses...

Thanks for pointing this out... I will also be careful with my posts in future.

Regards

P.S. I have to admit that I'm no saint... I just try to make the right choice each time... N of coz there r screw ups... But I nvr planned on giving up.

At times, I do feel like I couldn't do much for u in return... Kinda like undeserving grace for me I guess.
Take care, Chief. I really hope to see you around for a long time...
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