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Technical Analysis Fallacy

  • #33,381
  • May 5, 2012 7:39am May 5, 2012 7:39am
Quoting fti
God's Angels all around me, satan's devils too.
they send me thoughts, sometimes i get the truth, sometimes truth is twisted.

.....
Talking about satan, i too have a story to tell

During the Song Dynasty in China, Su Dongpo, a famous scholar & Zen Master Fo Yin were good friends. They like to poke fun at each other.
One day both of them had a sitting meditation session together at Golden Mountain Temple.

After a while, Su Dongpo opened his eye and asked Fo Yin:

"How do I look in meditation?"
"Very magnificent. Like a Buddha!"
Su Dongpo was delighted to hear that.

Master FoYin then asked him, "Scholar, what do you think of my sitting posture then?"
Su Dongpo purposely teased Fo Yin: " Like a pile of shit.”
Master Fo Yin simply smiled and did not refute.
Su Dongpo was very proud and thought that he had beaten Fo Yin.

Back at home, Su Dongpo was pleased to relate the incident to his sister Su Xiaomei.
After hearing the whole story, his sister on the contrary laughed.
Su Dongpo curiously asked: ”What is there to laugh about?”

Su Xiaomei, a cute and intelligent girl told Su Dongpo straight to his face, "Brother, you actually lost. It is because Master's mind is actually that of a Buddha that, so when he sees you he sees Buddha. On the other hand, your mind has a pile of shit, so when you see other you see shit."
Su Dongpo, realizing his Zen practice was far inferior to Master Fo Yin, was speechless.

Lets contemplate about this story.
  • #33,382
  • May 5, 2012 7:43am May 5, 2012 7:43am
This thread is still about trading and how to develop yourself for it, but if you have not taken the time to read and understand what is within this thread, then how do you expect to grasp even a bit of what is talked about here.


Fti has given all in the thread if you can not be bothered to look for it that is your loss, do you not think the guy deserves a bit of respite now and again, not every post has to be directly legible to those who want their hands held.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #33,383
  • May 5, 2012 7:49am May 5, 2012 7:49am
Quoting Les Lau
Talking about satan, i too have a story to tell

During the Song Dynasty in China, Su Dongpo, a famous scholar & Zen Master Fo Yin were good friends. They like to poke fun at each other.
One day both of them had a sitting meditation session together at Golden Mountain Temple.

After a while, Su Dongpo opened his eye and asked Fo Yin:

"How do I look in meditation?"
"Very magnificent. Like a Buddha!"
Su Dongpo was delighted to hear that.

Master FoYin then asked him, "Scholar, what do you think of my sitting...
I'll be loud silence :o)))
  • #33,384
  • May 5, 2012 9:27am May 5, 2012 9:27am
Quoting fti
The post about mecca, the point is about the maths.
Lots of thoughtful stuff here lately. Something I understand the other thing i don't. Chief! some more on this please if you got energies.

regards
  • #33,385
  • Edited 9:51am May 5, 2012 9:38am | Edited 9:51am
Quoting cuthbert
Lots of thoughtful stuff here lately. Something I understand the other thing i don't. Chief! some more on this please if you got energies.

regards
cuth, is hard for me say too much about stuff that i have no complete understanding about. From the clip, i seem feel the golden ratio is as important for islam, same as for christians. You live the path, maybe you should tell me? I noticed the kaaba also has the golden rations drawn on it in gold.
For christians the cross is a golden ratio. For egyptians, the pyramid is their testimony. For nature you can just check , is just about everywhere. Seems God's signature in creation?

regards
  • #33,386
  • May 5, 2012 10:05am May 5, 2012 10:05am
Quoting Les Lau
Talking about satan, i too have a story to tell

During the Song Dynasty in China, Su Dongpo, a famous scholar & Zen Master Fo Yin were good friends. They like to poke fun at each other.
One day both of them had a sitting meditation session together at Golden Mountain Temple.

After a while, Su Dongpo opened his eye and asked Fo Yin:

"How do I look in meditation?"
"Very magnificent. Like a Buddha!"
Su Dongpo was delighted to hear that.

Master FoYin then asked him, "Scholar, what do you think of my sitting...
eyes see.
mind interprets.
CPU sees corrupt image.
sometimes is due to ram, sometimes is due to harddisk.

regards
  • #33,387
  • May 5, 2012 10:12am May 5, 2012 10:12am
Thanks, chief.

This is a brilliant story


Regards

Quoting fti
Who told you?
You created it?

regards

A little story.

The scientists, thinking that they are too intelligent, assumed they don't need GOD anymore...
One scientist said "Lord we don't need you anymore. We're already as intelligent as you are. We know how to create man. See, we can clone humans."

So GOD said, "Let's have a man-making contest. Let's do it the way I did with Adam."
The scientist agreed, then he started to pick up some dust. but GOD told him, "NO...

..you make your own dust."
  • #33,388
  • May 5, 2012 10:15am May 5, 2012 10:15am
believe what you believe

because people with no faith or belief
life in doubts and fears

everyone must die at the end
only a matter of time
If people do not have any faith or belief
future course of its life filled with fear

if people have faith or belief
live his life with courage and without hesitation

faith or belief can not be measured by the human sciences
because human is full of weakness and full of fragility and full of limitations

all of the above mentioned are just like us when trading

just my opinion

regards
suma
  • #33,389
  • May 5, 2012 10:26am May 5, 2012 10:26am
good and better and best.

good= standards
better=standards+ego.
best=standards+curruption

regards
  • #33,390
  • May 5, 2012 10:43am May 5, 2012 10:43am
Quoting fti
good and better and best.

good= standards
better=standards+ego.
best=standards+curruption

regards

best=standards+curruption

this one i do not understand
please Explain

regards
suma
  • #33,391
  • May 5, 2012 11:08am May 5, 2012 11:08am
Quoting fti
Do you know me?
Opinions? judgement needs know. Guessing lead one to very dark places.
have you read thread? The post about mecca, the point is about the maths.

Anyway, trading i know.
Judgement i leave to God, that, God knows.

regards
Yes FTI , I know you from your thread. Have a lot of respect for the wisdom you have. What was brought up is a lengthy topic to discuss. Math for sure it is, as it is needed to make a perfect design.
There is no need to go into darker places.
All that was said was and is with good gesture.

The only thing that bothers me is non believers. Those who are in denial. There is no need to go debating about religion, as we know it does not lead to very good places.

Best regards,

Raza
Markets are not Random, they are designed!
  • #33,392
  • May 5, 2012 11:17am May 5, 2012 11:17am
Quoting fti
cuth, is hard for me say too much about stuff that i have no complete understanding about. From the clip, i seem feel the golden ratio is as important for islam, same as for christians. You live the path, maybe you should tell me? I noticed the kaaba also has the golden rations drawn on it in gold.
For christians the cross is a golden ratio. For egyptians, the pyramid is their testimony. For nature you can just check , is just about everywhere. Seems God's signature in creation?

regards
awesome quote, specially the last line.

Regards
Markets are not Random, they are designed!
  • #33,393
  • Edited 5:09pm May 5, 2012 4:54pm | Edited 5:09pm
Quoting sumakianlee
best=standards+curruption

this one i do not understand
please Explain

regards
suma
my personal experience had been, when i think i had reached my best, then performance suffers. mostly because mindset changes with some form of arrogance begining to creep in. Also becomes careless.
When i was young, needed a loss or pain event to reset the mind back to being sharp and responsive.
Is like the stomach.
good= when hungry.
better= already diminishing returns stepped in.
best= over ate already.

Now much older now, and found ways around it.
Just need reset the standards bar.
One way is to give some of the gains away.
another way is to step away for some time, and allow the arrogance dull out.
There are other ways too.

regards
  • #33,394
  • May 5, 2012 6:33pm May 5, 2012 6:33pm
Quoting fti
my personal experience had been, when i think i had reached my best, then performance suffers. mostly because mindset changes with some form of arrogance begining to creep in. Also becomes careless.
When i was young, needed a loss or pain event to reset the mind back to being sharp and responsive.
Is like the stomach.
good= when hungry.
better= already diminishing returns stepped in.
best= over ate already.

Now much older now, and found ways around it.
Just need reset the standards bar.
One way is to give some of the gains away.
another way...
thanks for the advice fti tha khe < 大哥 >

We are only as good as our last trade

regards
suma
  • #33,395
  • May 5, 2012 6:42pm May 5, 2012 6:42pm
Quoting fti

--------
Is like the stomach.
good= when hungry.
better= already diminishing returns stepped in.
best= over ate already.
I like this wisdom best, especially while in Hong Kong I want to be good.

Just noticed HSBC Hong Kong starts offering retail forex and "white labels" the Oanda platform, great news for me because I like the Oanda platform and this simplifies money transfer and withdrawal (thinking of fti and Oanda) as HSBC is my bank. In small print HSBC says,
3.1.5
Moneys held in any Account will be held by the Bank as banker and not as trustee and, as a result, the moneys will not be subject to the Securities and Futures (Client Money) Rules.

I guess that means trader account is not segregated and is subject to the same protection, or lack of, as bank account deposit money? Any input welcome.

Somewhere the small print / promotion also says they use their own bank quotes plus 2 other streams, have no idea how this affects the quality of their quotes.

HSBC touted "only" 1.8 spread for E/U during the promotion period, I signed up for demo and will see next week how it compares to Oanda.

Phil13, good no nonsense posts!

Regards
Baifu
  • #33,396
  • May 5, 2012 7:02pm May 5, 2012 7:02pm
Quoting Baifu
I like this wisdom best, especially while in Hong Kong I want to be good.

Just noticed HSBC Hong Kong starts offering retail forex and "white labels" the Oanda platform, great news for me because I like the Oanda platform and this simplifies money transfer and withdrawal (thinking of fti and Oanda) as HSBC is my bank. In small print HSBC says,
3.1.5
[font=Times New Roman]Moneys held in any Account will be held by the Bank as banker and not as trustee and, as a result, the moneys will not be subject...
baifu.
sounds like HSBC is using the oanda platform and account is held in HSBC.
if this is true then your counter-party risk will be the bank, as trades at oanda will be give up to HSBC for clearing.
If is with the bank, then segregation is not necessary, as money is deemed inside your bank account, like any ordinary bank deposits.

sounds good, thanks

regards
  • #33,397
  • May 5, 2012 7:16pm May 5, 2012 7:16pm
Quoting fti
baifu.
sounds like HSBC is using the oanda platform and account is held in HSBC.
if this is true then your counter-party risk will be the bank, as trades at oanda will be give up to HSBC for clearing.
If is with the bank, then segregation is not necessary, as money is deemed inside your bank account, like any ordinary bank deposits.

sounds good, thanks

regards
hi fti, you were interested in inflation in China, I will report what I notice in Hong Kong, if any, later, just arrived a few days ago.

So far HSBC is offering retail FX only to it's Hong Kong account holders, may be as a pilot scheme?

Rgs,
BAifu
  • #33,398
  • Edited 10:07pm May 5, 2012 7:24pm | Edited 10:07pm
Quoting Baifu
hi fti, you were interested in inflation in China, I will report what I notice in Hong Kong, if any, later, just arrived a few days ago.

So far HSBC is offering retail FX only to it's Hong Kong account holders, may be as a pilot scheme?

Rgs,
BAifu
thanks baifu.
just arrived HK, not forget eat dim sum great stuff.

yes, sounds like pilot attempt to widen their services to their customers.
HSBC is best vehicle to pilot this forex services, i guess. Have enough international banking experience vis a vis PBOC.

1 country , many systems. Will be interesting when RMB makes international debut.
innovative. links Beijing ,HK and London.

regards

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Inserted Video
  • #33,399
  • May 5, 2012 10:46pm May 5, 2012 10:46pm
Hello Fti,

Why do you think this happens? I have the same problem, some over trading starts to hunt me down when i am indulging in my own arrogance

Quoting fti
my personal experience had been, when i think i had reached my best, then performance suffers. mostly because mindset changes with some form of arrogance beginning to creep in. Also becomes careless.
When i was young, needed a loss or pain event to reset the mind back to being sharp and responsive.
Is like the stomach.
good= when hungry.
better= already diminishing returns stepped in.
best= over ate already.

Now much older now, and found ways around it.
Just need reset the standards bar.
One way is to give some of the gains away.
another way...
  • #33,400
  • May 5, 2012 10:51pm May 5, 2012 10:51pm
Quoting daytek
Hello Fti,

Why do you think this happens? I have the same problem, some over trading starts to hunt me down when i am indulging in my own arrogance
http://www.forexfactory.com/showthre...25#post1738225
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