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Technical Analysis Fallacy

  • #33,161
  • Apr 24, 2012 9:32pm Apr 24, 2012 9:32pm
Quoting Acs_112
This is so true..!

I live in the UK and when i was 17 a few years ago, I first started trading i took my money to the bank. My plan was to change everything into usd and then in a few years sell it back and hopefully make a profit. Luckily the women at the bank asked me what i was changing the money for and when i explained my plan to her she quickly made me realize it was not possible.

I got home and came across forex and began trading with fxcm, within a few days i deposited all my £800 into the account and began trading. I came across one...
Good story. glad you shared it.
  • #33,162
  • Apr 25, 2012 1:44am Apr 25, 2012 1:44am
Hi Acs-112


thanks for sharing your story.


Like anything that is worthwhile in this world I believe if we look hard enough, we will eventually find it and the struggle in that quest makes us appreciate and respect it far more.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #33,163
  • Edited 7:41am Apr 25, 2012 5:58am | Edited 7:41am
ACS_112.
Thanks, I am glad for you.

regards


ok those want play the wheel, chips down for FOMC shivers.
Surely those see patterns will like punt.
Becareful its not blood spatter patterns.
OR yOu cAn lAy BaCk lIkE ME aNd wAIt.

Inserted Video


beauti all around us, only we not notice.
when i am in nature. always sees this.
then suddenly sees shit floating in the waters.
always asks which bastard did that, only to realise,
ITS ONE OF US.
can see those ugly fences?
Is also one of us.


Inserted Video


Inserted Video


why is there so much hate?
if a pop king is bad , can find a better king.
if system is bad, what do you do?
too big to fail?
if a computer is bad, can change it.
if OS is evil, what do we do?
take billions computers off?
need find responsible & accountable OS.

still waiting FOMC thinking too much.
  • #33,164
  • Apr 25, 2012 7:39am Apr 25, 2012 7:39am
FTI & All,

Please watch this and let me know what you guys think.


Inserted Video



Rgds,
Jok.
  • #33,165
  • Edited 8:04am Apr 25, 2012 7:51am | Edited 8:04am
Quoting Jok
FTI & All,

Please watch this and let me know what you guys think.


http://www.youtube.com/watch?v=bGWAEX5xtpY


Rgds,
Jok.
have you read you acoount contract and accompanying risk disclosure statement?
in open free markets, you should find in them thieves, bandits, curruptions of every sort, is the way of OTC systems.Need have bodyguards.Need have police, why do you think the regulators are there for?They cannot do nothing unless has market riots.I believe lately some police are also trading. In regulated enviroments you find FEES. Who's going pay for enforcement & compliance personnels? Choose your poison.

regards
  • #33,166
  • Apr 25, 2012 7:52am Apr 25, 2012 7:52am
Quoting fti
ACS_112.

if OS is evil, what do we do?
take billions computers off?
need find responsible & accountable OS.

still waiting FOMC thinking too much.
Anything coming from the FSF (Free software foundation) and GNU would generally be the most accountable software as it is open source.

Inserted Video
  • #33,167
  • Apr 25, 2012 8:00am Apr 25, 2012 8:00am
Quoting fti
have you read you acoount contract and accompanying risk disclosure statement?
in open free markets, you should find in them thieves, bandits, curruptions of every sort, is the way of OTC systems.Need have bodyguards. In regulated enviroments you find FEES. Choose your poison.

regards


regards

I've heard a lot of bad things about broker but watching that video really open my eyes of how easy for us to lose money.

Thank you FTI, I think if I chose FEE it would make more sense? I don't know, not sure anymore.

Rgds.
  • #33,168
  • Edited 8:33am Apr 25, 2012 8:09am | Edited 8:33am
Quoting Jok
I've heard a lot of bad things about broker but watching that video really open my eyes of how easy for us to lose money.

Thank you FTI, I think if I chose FEE it would make more sense? I don't know, not sure anymore.

Rgds.
either way , you pay gaming tax.

Fighting between Cain and Abel (genesis), it has not stopped since time. Used to be just 2 of them. Now is compounded a couple billion times. As things moves forwand , now even lillith is in the equation. gets kinky doesn't it?

if you not know who's lillith, then just google it.
she now in stealth mode, protected by rights.

Eve always gets the stick.
You may understand eve, from the "1st and 2nd books of the lifes of Adam & Eve"
unadultrated innocence, which perpectually gets adam into trouble.

regards
  • #33,169
  • Apr 25, 2012 8:15am Apr 25, 2012 8:15am
Quoting fti
Fighting between Cain and Abel (genesis), it has not stopped since time. Used to be just 2 of them. Now is compounded a couple billion times.


regards

Yes, agree. The greed (evil) made it all doable.

Rgds,
Jok.
  • #33,170
  • Apr 25, 2012 8:21am Apr 25, 2012 8:21am
Quoting Jok
Yes, agree. The greed (evil) made it all doable.

Rgds,
Jok.
this reason why some countries ban OTC trading except thru designated accountable parties.

just google : bans forex trading
  • #33,171
  • Apr 25, 2012 8:36am Apr 25, 2012 8:36am
Quoting fti
this reason why some countries ban OTC trading except thru designated accountable parties.

just google : bans forex trading

Problem with retail trader, especially anchovies like me, not many favorable option available in forex trading.
  • #33,172
  • Edited 8:58am Apr 25, 2012 8:40am | Edited 8:58am
Quoting Jok
Problem with retail trader, especially anchovies like me, not many favorable option available in forex trading.
can you make telephone call with 9 cents?
Retail is an infancy experiment still, is a way internet is facilitating a new useful avenue.
Still in Alpha.

so limit it to gaming until it matures.
The real markets are in the primary spot interbanks. There, is a market of honour, you dishourable and you finished.no one will deal with you. There they all learned and have guns. Also , they shoot bad brokers or counterparties. In dealing terms is called "stuffed".
  • #33,173
  • Apr 25, 2012 8:58am Apr 25, 2012 8:58am
Has anyone seen this? Trading documentary that was shown here on the BBC in England. The guy tries to take random people from the street and make them traders.

Inserted Video


And this guy has been in the news recently. Seems he has the goose that lays the golden eggs.!! or does he..?

http://www.celebritynetworth.com/art...322k-bar-tab/#
  • #33,174
  • Apr 25, 2012 9:03am Apr 25, 2012 9:03am
Quoting Acs_112
Has anyone seen this? Trading documentary that was shown here on the BBC in England. The guy tries to take random people from the street and make them traders.

http://www.youtube.com/watch?v=68cciZYNqn0

And this guy has been in the news recently. Seems he has the goose that lays the golden eggs.!! or does he..?

http://www.celebritynetworth.com/art...322k-bar-tab/#
noble aspirations.
hands on, i believe is the way to go.
and finance them too. has to be real?
I not know him so i not know his motivation of it.
on the surface it seems noble enough.
At least he not trying sell a book.

Trading is one of the hardest profession, but is rewarding.
Is business like any other, only without need for inventories.



regards
  • #33,175
  • Edited 10:02am Apr 25, 2012 9:13am | Edited 10:02am
Quoting Acs_112
Has anyone seen this? Trading documentary that was shown here on the BBC in England. The guy tries to take random people from the street and make them traders.

http://www.youtube.com/watch?v=68cciZYNqn0

And this guy has been in the news recently. Seems he has the goose that lays the golden eggs.!! or does he..?

http://www.celebritynetworth.com/art...322k-bar-tab/#
richard dennis tried this experiment long long ago.
His turtles, some of them are now amongst the best in the world.
His experiment was to test a hypothesis.
Training monkeys to trade, in not so nice language.
Most excelled, became larger than life.
But being imperfect humans, some adulterated the ideals. renegades.
If richard didn't fall in 2000, he would today have no equal. maybe only George Soros.



regards
  • #33,176
  • Apr 25, 2012 9:29am Apr 25, 2012 9:29am
Quoting Jok
FTI & All,

Please watch this and let me know what you guys think.


http://www.youtube.com/watch?v=bGWAEX5xtpY


Rgds,
Jok.


Hi Jok


seems to be a retail dog world out there, all we can do is try to pick one without to many fleas or make your own flea spray to deal with them.


@Acs_112, yes, I saw that on TV.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #33,177
  • Edited 10:21am Apr 25, 2012 10:03am | Edited 10:21am
Quoting fti
richard dennis tried this experiment long long ago.
His turtles, some of them are now amongst the best in the world.
His experiment was to test a hypothesis.
Training monkeys to trade, in not so nice language.
Most excelled, became larger than life.
But being imperfect humans, some adulterated the ideals. renegades.
If richard didn't fall in 2000, he would today have no equal. maybe only George Soros.



regards
oh and his fall was not all his own doing.
Is hard have evils live inside your castle.
I guess only smart one is God.
made us all live in a small blue marble.
good damage control?



regards
  • #33,178
  • Apr 25, 2012 10:32am Apr 25, 2012 10:32am
Inserted Video
  • #33,179
  • Apr 25, 2012 10:35am Apr 25, 2012 10:35am
Quoting auxesis
http://www.youtube.com/watch?v=lrp-FT51zPE
???
this ping pong or basketball?
maybe is tennis?


regards
  • #33,180
  • Apr 25, 2012 10:37am Apr 25, 2012 10:37am


my scouts are falling asleep...

Quoting auxesis
http://www.youtube.com/watch?v=lrp-FT51zPE
216 traders viewing now