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Technical Analysis Fallacy

  • #32,041
  • Mar 12, 2012 12:40am Mar 12, 2012 12:40am
no need apologies la.
thanks for caring.

for me waiting to expire is getting very uphill.
I just want go on until times up.
This is not going stop me from being functional.
No more waiting.
If it come , so be it.
until then i keep adjusting.

what i fear is that the adjustments also adjusting my mind.
so i need find self.
and i not like the manner i handling my book.
is unbecoming of me.



regards
  • #32,042
  • Mar 12, 2012 12:43am Mar 12, 2012 12:43am
Quoting fti
no need apologies la.
thanks for caring.

for me waiting to expire is getting very uphill.
I just want go on until times up.
This is not going stop me from being functional.
No more waiting.
If it come , so be it.
until then i keep adjusting.

what i fear is that the adjustments also adjusting my mind.
so i need find self.


regards

Chief,

you got iron will... no wonder u r CHIEF...

BTW back to trading still shorting Euro... no other things comes...volaitlity expected to be around 150-200 pips...

V
  • #32,043
  • Mar 12, 2012 12:46am Mar 12, 2012 12:46am
Quoting indianguyinny24
Chief,

you got iron will... no wonder u r CHIEF...

BTW back to trading still shorting Euro... no other things comes...volaitlity expected to be around 150-200 pips...

V
waiting for some pullback to ride on.

regards
  • #32,044
  • Mar 12, 2012 12:46am Mar 12, 2012 12:46am
Quoting cuthbert
waiting for some pullback to ride on.

regards
u think u will get it???


V
  • #32,045
  • Mar 12, 2012 12:53am Mar 12, 2012 12:53am
Quoting indianguyinny24
u think u will get it???


V
lets see.
otherwise won't ride. watching the resistance beneath cable.

regards
  • #32,046
  • Mar 12, 2012 1:20am Mar 12, 2012 1:20am
a thought came to mind.

lately some peeps may feel i am very critical of the Greese situation.
In fact i am not so.
I recognise that the new administrators , they inherited this potato.
And in fact the structure the system sits on now is impairing neessary adjustments.
But these peeps nonetheless are on the hot seats, and by virtue is their DUTY, bring the honour back into performance. But is very painful.
Most important is to salvage the sections of their sconomy thats functional and to cut away that which is dead weight. There are no rules and lots resistance.

Mostly i am disappointed in the handling of their honourable responsibilities to those who invested with them papers. It looks very ugly from my perspective.

best i get back to bootstapping myself. I am also slipping big time.


regards
  • #32,047
  • Mar 12, 2012 1:31am Mar 12, 2012 1:31am
Quoting fti
is embarassing that i can slip badly.

I not carry.
why you think i am, posting young heart songs.
but is nice know that i slipped.
And i must arrest the cause.

I am forcing, and there is no need to.

regards
No need for embarrassment sir. Your only human and we err at times.

Glad it was not a large error.

Good Trading
Mike
  • #32,048
  • Mar 12, 2012 1:35am Mar 12, 2012 1:35am
Wow! I just noticed that I have some new vouches.

A big Thank You to those that felt I was worthy.

Good Trading
Mike
  • #32,049
  • Mar 12, 2012 8:09am Mar 12, 2012 8:09am
I was re-reading the book "Way of the Turtle" and following is the extract from the book.

"It’s Not about Who’s Right
Winning traders think in the present and avoid thinking too much
about the future. Beginners want to predict the future in their trading.
When they win, they think it means they were right and they
feel like heroes. When they lose, they feel like scum. That is the
wrong approach.
Turtles do not care about being right. They care about making
money. Turtles do not pretend to be able to predict the future. They
never look at markets and say: “Gold is going up.” They look at the
future as unknowable in specifics but foreseeable in character. In
other words, it is impossible to know whether a market is going to
go up or down or whether a trend will stop now or in two months.
You do know that there will be trends and that the character of
price movement will not change because human emotion and cognition
will not change.
It turns out that it is much easier to make money when you are
wrong most of the time. If your trades are losers most of the time,
that shows that you are not trying to predict the future. For this reason,
you no longer care about the outcome of any particular trade
since you expect that trade to lose money. When you expect a trade
to lose money, you also realize that the outcome of a particular
trade does not indicate anything about your intelligence. Simply
put, to win you need to free yourself and your thinking of outcome
bias. It does not matter what happens with any particular trade. If
48 • Way of the Turtle
you have 10 losing trades in a row and you are sticking to your plan,
you are trading well; you are just having a bit of bad luck."
  • #32,050
  • Mar 12, 2012 9:03am Mar 12, 2012 9:03am
nice extract simpleman.

it is the hereness and nowness of the market that is called 'the feel' or 'the pulse' here. Chief has put some hell of an effort in mentoring here. nothing in the trading texts that you can not relate here. can not kill my curiosity without reading but for the humble one thread is enough. you take my word on that.

the best line in the extract to me is ;"They look at the future as unknowable in specifics but foreseeable in character."


regards
  • #32,051
  • Edited 1:49pm Mar 12, 2012 1:17pm | Edited 1:49pm
Quoting cuthbert
nice extract simpleman.

it is the hereness and nowness of the market that is called 'the feel' or 'the pulse' here. Chief has put some hell of an effort in mentoring here. nothing in the trading texts that you can not relate here. can not kill my curiosity without reading but for the humble one thread is enough. you take my word on that.

the best line in the extract to me is ;"They look at the future as unknowable in specifics but foreseeable in character."


regards
yes, I think all the successful traders think in the same way including Chief.

http://www.bloomberg.com/news/2012-0...an-greene.html
  • #32,052
  • Edited Mar 13, 2012 12:05am Mar 12, 2012 11:53pm | Edited Mar 13, 2012 12:05am
Quoting simpleman
yes, I think all the successful traders think in the same way including Chief.

http://www.bloomberg.com/news/2012-0...an-greene.html
not possible to leave now.
the damaged done in bonds is irreversable.
Lost of goodwill takes long long to recover.
even if recovered is scared.
best they stay under the umbrella of the EU now.
Leaving was an option before the bonds fiasco, not now is impossible for them stand on their own.Will definately be needing foreign help.
They print their own currency now, and is gonna be like worth, nothing. They create their own bonds and bills markets and hardly anyone will attend.

like dad taught me.
Never break the vase.sticking it back again.the cracks will still show.

this the same thinking i am on about the private vigilante stabalisation funds.
The club game.
if panda ever funds them, then god save them if panda ever pulls the plug.
Politics is unstable grounds build the markets on.
Best be on willing buyer willing seller terms aka free market system.
Is solid ground, not shifting sands.
  • #32,053
  • Edited 1:21am Mar 13, 2012 12:11am | Edited 1:21am
Quoting tubguy
No need for embarrassment sir. Your only human and we err at times.

Glad it was not a large error.

Good Trading
Mike
: ) tubguy
no not so much embarassed.

Is just an err , not becoming from a pro.
If i was at the bank and someone did that err.
My response would be to issue walking certificate.
Thats why i need check my mindset very carefully now, being my own funds manager.
not functioning as a pro is making me careless.
This the carelessness that makes rogue traders, gambling on bets.

the task of a pro trader is to make pips from the markets daily and consistently.
if need bet and gamble, only with profits (foreign cap) already booked, never the pot.
I guess thats why more than 95% self managing traders splash.
sometimes gets careless and gamble book.

regards

looking back.
all along as the risk was growing along with the loss, was in good-stead.the largest position the last skew exposed book to 70% into the event. That was the mistake. If risk into the event was 1 skew under then book was only exposed 30+% and value at risk was still within foreign cap vectors.

The last skew gamble into the event was the unacceptable decision,that exposed the pot.
although the crossing out the risk salvaged the book and 80% of the floating loss.
if positions was not crossed would had put book into a possible stoploss trriggered position.
that was the unacceptable decision.

In a financial institution environment, would had invoke the risk compliance managers take necessary recourse to damage control. Positions already exceeded daylight lines.

i was lucky and managed survive this time. Only takes 1 err like this and book dies. So may not be so lucky the next one, if i do not check now. Need have check to prevent me skew positions above the intended limit.

For the smaller leveraged book with oanda , I can create multiple accounts control the risk vectors.
For the spot activities, I gonna need a compliance manager. need get a wife that knows risk compliance?
wife position is occupied although non functional. may need convert, get 4 wifes? just jesting.

need think mostly.
back to the cave.
  • #32,054
  • Mar 13, 2012 2:18am Mar 13, 2012 2:18am
Quoting cuthbert
nice extract simpleman.

it is the hereness and nowness of the market that is called 'the feel' or 'the pulse' here. Chief has put some hell of an effort in mentoring here. nothing in the trading texts that you can not relate here. can not kill my curiosity without reading but for the humble one thread is enough. you take my word on that.

the best line in the extract to me is ;"They look at the future as unknowable in specifics but foreseeable in character."


regards


Inserted Video


regards
  • #32,055
  • Mar 13, 2012 2:46am Mar 13, 2012 2:46am
Hi fti


do not forget that the pain alters your state of mind so that may have had some influence in your decision making process, I know it affects mine, I can get carried away in the unfolding events and make very bad decisions without even realising it.

just a thought.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #32,056
  • Mar 13, 2012 2:59am Mar 13, 2012 2:59am
Quoting TEB63
I think the quote & person is........

You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.
Abraham Lincoln


teb
u r right buddy.. ......
  • #32,057
  • Edited 4:12am Mar 13, 2012 3:20am | Edited 4:12am
Quoting phil13
Hi fti


do not forget that the pain alters your state of mind so that may have had some influence in your decision making process, I know it affects mine, I can get carried away in the unfolding events and make very bad decisions without even realising it.

just a thought.


Regards


Phil.
yes phil, is true.
thats reason why i keep life as simple as possible.
every small emotions affects mind.


but as pro trader is bad managing, yeilding to terrain.
can yeild but should be within safe boundaries,
gotta move on, but must find fence around that.

For some is the disadvantage of capitalisation and financial situations.
窮人吃貴米 "poor man's rice always more costly."
For well capitalised pros is a naughty.




regards

This the Obeat version of the kangding love song. the kangding love song Hulusi blowjob.
Hulusi is that natural organ she using.

she clever, some scenes move to studio. Mosquitos must be giving her hell in the marshes.


Inserted Video
  • #32,058
  • Edited 4:04am Mar 13, 2012 3:23am | Edited 4:04am
Quoting fti


http://www.youtube.com/watch?v=NTksx50mA3M

regards


poor men are chiseling their skills while being ready with their slingshots.
up, close, natural and very personal they better be.

regards
  • #32,059
  • Mar 13, 2012 3:48am Mar 13, 2012 3:48am
here we go our friend euro is making us some money, so weak couldn't even touch 132, may be it will now.

Some one on twitter said "ECB did emergency lending over night which is the highest in last few months" (FF news)

Pumping money, let the Euro come down.
  • #32,060
  • Mar 13, 2012 4:27am Mar 13, 2012 4:27am
Quoting simpleman
here we go our friend euro is making us some money, so weak couldn't even touch 132, may be it will now.

Some one on twitter said "ECB did emergency lending over night which is the highest in last few months" (FF news)

Pumping money, let the Euro come down.
they masking the weakness into all the euro crosses.

regards
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