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Technical Analysis Fallacy

  • #33,801
  • May 26, 2012 5:38pm May 26, 2012 5:38pm
Oh no! I see a BEAR!!?

Howdy old friend!

Quoting auxesis
Been away for a while, still time constraints occupy most of my available time but it's good to see the thread active, FTI posting, and it's good to see some old familiar faces dropping by.

Improper mindset imho, tradings not about being right or wrong, it's about making money and keeping it. Learn to do both or at least the later, in either direction.

To note, it's a good feeling to actually take a paycheck from your efforts. Well Done.

Regards
  • #33,802
  • Edited 8:15pm May 26, 2012 7:23pm | Edited 8:15pm
Hi guys,

I'm furiously catching up with the threads here. On page 30 right now! Wish me luck! lol

Btw guys, anyone read "A Random Walk Down Wall Street"?

FTI sir,

You mentioned the news about Swiss Franc call options. I'm just curious how to learn about intermarket analysis. Trying to understand how things work from both fundamental and technical viewpoints.

I came across two books that are apparently quite good:

1. Intermarket Technical Analysis by John Murphy
2. Currency Trading and Intermarket Analysis by Ashraf Laidi

Appreciate your views!
  • #33,803
  • May 26, 2012 8:17pm May 26, 2012 8:17pm
Quoting fti
i c.


ever considered this?

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

ya,,ya,, ya,,, thx the warning,,,my friend
we must be vigilant with people who do not know
where his or her home
how his character
before loading or hitch a ride
in a word first know your enemy

regards
  • #33,804
  • May 26, 2012 8:20pm May 26, 2012 8:20pm
I think sometimes what we think and what we expect,,
can be wrong,,,
then it is better we do not rigidly
and be nimble
is correct and true,,like that , my friend?

regards

Inserted Video


Inserted Video


Inserted Video
  • #33,805
  • Edited 8:39pm May 26, 2012 8:26pm | Edited 8:39pm
Quoting nathaniel
Hi guys,

I'm furiously catching up with the threads here. On page 30 right now! Wish me luck! lol

Btw guys, anyone read "A Random Walk Down Wall Street"?

FTI sir,

You mentioned the news about Swiss Franc call options. I'm just curious how to learn about intermarket analysis. Trying to understand how things work from both fundamental and technical viewpoints.

I came across two books that are apparently quite good:

1. Intermarket Technical Analysis by John Murphy
2. Currency Trading and Intermarket Analysis by Ashraf Laidi

Appreciate...
Books are Good.
They give ideas .
But you still need find yourself, and fit the MO into YOU.
John Murphy had been in the business a long time, he had studied lots of various TA methodology, but one cannot use everything. You need to know what works in the different terrains. Mostly if you depend on price analysis you will be very close to whats actually happening in the markets.
Try understand what i wrote on thread and see if you can get enough experience from market training to learn whats needed make the dough.But no point to rush.You need read think and comprehend. Then piece it together for your MO.
There's nothing random about markets. ONLY, "when" the buyers and sellers decide to act. thats what prompts the brokers creates the gyrations.


regards
  • #33,806
  • May 26, 2012 8:30pm May 26, 2012 8:30pm
Quoting sumakianlee
I think sometimes what we think and what we expect,,
can be wrong,,,
then it is better we do not rigidly
and be nimble
is correct and true,,like that , my friend?

regards

http://www.youtube.com/watch?v=UhmJ4...eature=related

http://www.youtube.com/watch?v=8dwR-...eature=related

http://www.youtube.com/watch?v=p1suX...feature=fvwrel
wow Mrs must be having one big job keeping your "sense of laughter" down?
These couple of days, i seen enough breast start a milk farm already.
You trying compete with Fana?S sad, nice chap, but on the dark side.


regards
  • #33,807
  • May 26, 2012 8:36pm May 26, 2012 8:36pm
Quoting fti
wow Mrs must be having one big job keeping your "sense of laughter" down?
These couple of days, i seen enough breast start a milk farm already.
You trying compete with Fana?S sad, nice chap, but on the dark side.


regards
aha,,,
calm down my friend ,,,
only joking,,
reduce stress,,
regards
  • #33,808
  • May 26, 2012 8:40pm May 26, 2012 8:40pm
Thanks FTI sir.

I fully agree that one cannot use everything. Neither can one rely fully on one single thing. I actually stopped trading for more than 6 months, as I didn't think it was possible to make it and I was burning too much cash on this endeavour. I recently restarted again, and one of the first things that came to mind was your "Technical Analysis Fallacy" thread, so I started to read it seriously.

From a combination of different readings so far, I realized the mistakes that I made in the past. Instead of using things such as Moving Averages and Indicators as a tool/guide in my trading, I relied on them 100%. Instead of using my brains to think about how moves the market and what actually causes the market to tick, I, once again, rely soley on the indicators, etc etc. Effectively, I developed a lazy mentality to the extent that I'd prefer using TA than making myself think. Back then, my mentality was this - Isn't it always easier to follow a set of entry and exit rules, and hence, having certainty, rather than thinking about the markets on our own? I always believed that in order to succeed in trading, I gotta have a holy grail system with a predefined set of entries and exit. But now, I'm beginning to see a bit of the light. The system is in all of us, not so much the TA or FA skills that we have. As you said, there are no fixed rules in trading, or life for that matter.

Thanks for your advice thus far, appreciate it


Quoting fti
Books are Good.
They give ideas .
But you still need find yourself, and fit the MO into YOU.
John Murphy had been in the business a long time, he had studied lots of various TA methodology, but one cannot use everything. You need to know what works in the different terrains. Mostly if you depend on price analysis you will be very close to whats actually happening in the markets.
Try understand what i wrote on thread and see if you can get enough experience from market training to learn whats needed make the dough.But no point to rush.You need read...
  • #33,809
  • May 26, 2012 8:44pm May 26, 2012 8:44pm
Quoting nathaniel
Thanks FTI sir.

I fully agree that one cannot use everything. Neither can one rely fully on one single thing. I actually stopped trading for more than 6 months, as I didn't think it was possible to make it and I was burning too much cash on this endeavour. I recently restarted again, and one of the first things that came to mind was your "Technical Analysis Fallacy" thread, so I started to read it seriously.

From a combination of different readings so far, I realized the mistakes that I made in the past. Instead of using things such as Moving...

non so unlike all battles. set training develops "YOU".
You still need figure out your combinations and the situational requirements.
Don't trust black boxes and snake oil.
Only novice does that.

regards
  • #33,810
  • May 26, 2012 8:47pm May 26, 2012 8:47pm
Roger that. Will need to finish reading the thread first

Quoting fti

non so unlike all battles. set training develops "YOU".
You still need figure out your combinations and the situational requirements.
Don't rust black boxes and snake oil.
Only novice does that.

regards
  • #33,811
  • May 26, 2012 8:52pm May 26, 2012 8:52pm
FTI sir,

Just curious. I've been seeing Six Capital on the adverts everyday in the past 2 years. The CEO is Patrick Teng, former Chief Dealer & VP - Treasury of UBS, Tokyo. Is he someone you sparred with during your tenure in the bank?
  • #33,812
  • May 26, 2012 9:11pm May 26, 2012 9:11pm
Quoting nathaniel
FTI sir,

Just curious. I've been seeing Six Capital on the adverts everyday in the past 2 years. The CEO is Patrick Teng, former Chief Dealer & VP - Treasury of UBS, Tokyo. Is he someone you sparred with during your tenure in the bank?

hi,,nathaniel,,

I appreciate your openness
very rarely I meet some one that admitted that he often burning too much cash on this endeavour.
perhaps because of embarrassment
or suppose a confession to make no money to replace his lost
and so,,,,,
etc,,,,,
regards
suma
  • #33,813
  • May 26, 2012 9:18pm May 26, 2012 9:18pm
Hi sumakianlee,

I've burnt only about 5 digits in the low range, thankfully.

Came into forex in 2008 thinking it's easy money. Paid for 1 TA course which taught entries and exits. Subsequently, paid for another 1. Was on an endless chase for the holy grail. Made some, lost some. Overall, still lost a relatively big sum. Eventually, I gave up altogether in June 2011. I lost faith and hope back then.

Just because I sit infront of the computer trading the market does not make me a trader. Even a child can click the mouse button to buy/sell.

To become a true trader requires persistance, belief, faith and never giving up.


Quoting sumakianlee
hi,,nathaniel,,

I appreciate your openness
very rarely I meet some one that admitted that he often burning too much cash on this endeavour.
perhaps because of embarrassment
or suppose a confession to make no money to replace his lost
and so,,,,,
etc,,,,,
regards
suma
  • #33,814
  • May 27, 2012 7:44am May 27, 2012 7:44am
Please use short sentences.
I begining have fifficulty read paragraphs, sorry.

But if you no care if i responded, then do whatever you like.
I just highlighting my difficulties.

regards
  • #33,815
  • May 27, 2012 8:29am May 27, 2012 8:29am
Hi FTI sir,

Gotcha.

Dear all,

Did anyone manage to find an online version of paper money?
  • #33,816
  • May 27, 2012 10:32am May 27, 2012 10:32am
Inserted Video
ql documentary
  • #33,817
  • May 27, 2012 12:26pm May 27, 2012 12:26pm
Quoting fti
Please use short sentences.
I begining have fifficulty read paragraphs, sorry.

But if you no care if i responded, then do whatever you like.
I just highlighting my difficulties.

regards
hello FTI
I'm sorry if my words make you confused and headaches
I do not mean it

regards
SUMA
  • #33,818
  • May 27, 2012 12:46pm May 27, 2012 12:46pm
Quoting fti
Please use short sentences.
I begining have fifficulty read paragraphs, sorry.

But if you no care if i responded, then do whatever you like.
I just highlighting my difficulties.

regards
Why are very few people reading and internalise a gem as the AOW?

Rgs
  • #33,819
  • May 27, 2012 1:25pm May 27, 2012 1:25pm
never chase the bus
there will be another bus
be patience

regards


Inserted Video
  • #33,820
  • May 27, 2012 1:53pm May 27, 2012 1:53pm
Whats wrong with the people?

Ah how funny! kids go to school on an empty stomach, news? Hahaha!
It is not a european problem per say, globalization much?

nice link, thanks for the share.


Quoting mijamoto
http://www.youtube.com/watch?v=mMQF2...&feature=share ql documentary
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