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Technical Analysis Fallacy

  • #34,801
  • Edited 7:19pm Jul 11, 2012 6:46pm | Edited 7:19pm
Quoting eblip
Hi fti and everybody..
yes....i got rid of a lot of scorpions...these scorpions in life not just trading...
the inferiority complex scorpion is dead.....and now that i have read more of the thread.....the rush to become trader of the century in a week scorpion is also dead.

i spend much time telling others to stop feeling sorry for themselves, and to get on with it...but i forgot to tell the man in the mirror.

thank you.

anyway been reading the thread to page 500 now...and it is becoming clear..the mindset required...and i totally love...
Good, had a nice rest.
chaotic fomc.

ok, you clever.
then you have chance make it.
But remember, the scorpions are not dead.
they will reemerge somehow.
need keep at it, hold correct mindset basics.

even after so many years i still grapple wih my scorpions still sometimes.

On the trades end seems too much politics in play, and that is my worst subject.
can never get a handle on it.
Only thing i know is Britain will be Britain, Germany will be Germany, France :idontknow:
probably will be France. Euro is an attempt shore up economy, but is not working.
The marraige is broken.
Peeps can pressure Germany all they like.
If they get frstrated enough and gives up.
All they need do is relaunch Dmarks and many will fall on their face, probably hit the shit in the process.
I will stay arms length of the politics, just trading for the pips. Its to me a wildcard.

My opinion not matters, its what markets want to do.
I am trader mindset.
I always cut losses, way before i see rot.
Is a different world from those who like submerge in the hole until the pus oozes out, for me thats too late.
For me damage control is important.

regards
  • #34,802
  • Edited 7:49pm Jul 11, 2012 6:57pm | Edited 7:49pm
Quoting M-H Trader
I thought you trained peeps there?
only some peeps.
only a drop in the ocean.

anyway i think market makers made much from the volitility.
surely lots ducks are slaughtered.

and is important , not blame your mentors.
you are not children,
have to take resposibilitys for whatever you sow.

can only bring the horses to water, cannot forece them drink.


regards

my internet is at a crawl, so no music for some time.
the internet was designed as an unmanipulatable medium of communication at the core.
But seems its a failure. Vested interest have controlled it.
Maybe back to ham sets is more prudent.
maybe is time digitise ham radio.
need pioneers in digital packaging in ham com.
Is untap market still.
Billions to be made for those who can find way feed diitalised crypted ham signals to computers.
  • #34,803
  • Jul 11, 2012 8:41pm Jul 11, 2012 8:41pm
Hi fti,

This is my first post in FF. I started reading this thread a few days ago and I really appreciate your effort to educate the uninformed traders like myself. I am learning to trade Forex and I agree with you that a good understanding of the Market Structure is important. Know thy enemy and you will win

I note, from the first few pages of this thread, that you advocate the traditional way of TA. Is the book by John R Hill essential to my understanding of this? I couldn't find a copy anywhere...

I do have more questions for you but not now. I look forward to your comments. Thanks heaps!

Regards,
King (not a real king just the short form of my first name)
  • #34,804
  • Jul 11, 2012 8:59pm Jul 11, 2012 8:59pm
Quoting fti
only some peeps.
only a drop in the ocean.

anyway i think market makers made much from the volitility.
surely lots ducks are slaughtered.

and is important , not blame your mentors.
you are not children,
have to take resposibilitys for whatever you sow.

can only bring the horses to water, cannot forece them drink.


regards

my internet is at a crawl, so no music for some time.
the internet was designed as an unmanipulatable medium of communication at the core.
But seems its a failure. Vested interest have controlled it.
Maybe...
Inserted Video
  • #34,805
  • Jul 12, 2012 12:03am Jul 12, 2012 12:03am
Quoting Kingsw
Hi fti,

This is my first post in FF. I started reading this thread a few days ago and I really appreciate your effort to educate the uninformed traders like myself. I am learning to trade Forex and I agree with you that a good understanding of the Market Structure is important. Know thy enemy and you will win

I note, from the first few pages of this thread, that you advocate the traditional way of TA. Is the book by John R Hill essential to my understanding of this? I couldn't find a copy anywhere...

I do have more questions for you...
welcome.
is nice have a King around.
are you related to Mr BOE King?

There's not much to comment.
You didn't say much.
I not know how available is JR hills research, as i have been unwell and housebound for more than a year already. Sorry maybe some one whose browsing the bookstore from here can help you out. Anyone?
As usual good stuff is mostly hidden and hard to locate.
riffraff is everywhere.


regards.
  • #34,806
  • Jul 12, 2012 5:30am Jul 12, 2012 5:30am
Quoting fti
I not know how available is JR hills research, as i have been unwell and housebound for more than a year already. Sorry maybe some one whose browsing the bookstore from here can help you out. Anyone?
As usual good stuff is mostly hidden and hard to locate.
riffraff is everywhere.

regards.
Good morning,
Kingsw, "The ultimate trading gruide" by John R. Hill is available in Amazon.
Chapter 2-6 are worthy; the rest? I would junk it.
Cheers,
Empty as water and soft as a facing wind mountain
  • #34,807
  • Jul 12, 2012 8:05am Jul 12, 2012 8:05am
Quoting Kingsw
Hi fti,

This is my first post in FF. I started reading this thread a few days ago and I really appreciate your effort to educate the uninformed traders like myself. I am learning to trade Forex and I agree with you that a good understanding of the Market Structure is important. Know thy enemy and you will win

I note, from the first few pages of this thread, that you advocate the traditional way of TA. Is the book by John R Hill essential to my understanding of this? I couldn't find a copy anywhere...

I do have more questions for you...
Candle=The movement is closed in a box.
Time=Movement
Movement=speed and range

A genius of the human spirit, which determined the behavior of the Universe ... Sun Zi Bing Fa explain in sixth chapter "Emptiness and fullness":
"... The days are getting shorter, the days become longer
Moon dies and is born again."
  • #34,808
  • Jul 12, 2012 8:11am Jul 12, 2012 8:11am
Hi you can get the trader guide here.
http://traders-library.com/Trading%20Books/
  • #34,809
  • Jul 12, 2012 9:55am Jul 12, 2012 9:55am
Thanks fti, luSan and eblip. I found the book "The ultimate trading guide" by Mr Hill. Is it similar to the 1979 book?

fti,

I have trouble understanding volatility. What role does it play in the general trading scheme? You mentioned sigma and vega. Given that price changes aren't normally distributed, do we really use standard deviation to calculate volatility. If so isn't Bollinger Band would also be useful here?

I am still learning to spot trend on daily chart. May I ask what are key points to note?

I am going to read the Hill's book to learn about form

Thanks a lot.

Regards,
King
  • #34,810
  • Jul 12, 2012 10:05am Jul 12, 2012 10:05am
Quoting Gro
Candle=The movement is closed in a box.
Time=Movement
Movement=speed and range

A genius of the human spirit, which determined the behavior of the Universe ... Sun Zi Bing Fa explain in sixth chapter "Emptiness and fullness":
"... The days are getting shorter, the days become longer
Moon dies and is born again."
Hi Gro,

Sorry your message is too cryptic for me. A bit of enlightenment is appreciated.

Thanks.

Regards,
King
  • #34,811
  • Jul 12, 2012 11:17am Jul 12, 2012 11:17am
A great day today.
Thanks to advicement of Mr BOE King.

also thanks to bad au employment figs.
I am so bad ass.
Not that i like it, but i made pips from it.

Just wanted to say a quick warning.
Remember trend does not move in 1 straight line.

My mentor every taught me before.
Even when hanging also should take a break catch a breath.

very exhausted, so i keep thing short and sweet.
and believe me , it took me 20 mins get this message loaded on the net.
They really need engineers, pain in the asses ISPs.

regards
  • #34,812
  • Edited 11:56am Jul 12, 2012 11:33am | Edited 11:56am
Quoting Kingsw
Hi Gro,

Sorry your message is too cryptic for me. A bit of enlightenment is appreciated.

Thanks.

Regards,
King
OK
"To walk along the cliffs, you must have your hands free."

"gro's concrete"
  • #34,813
  • Jul 12, 2012 1:51pm Jul 12, 2012 1:51pm
Sup...
Inserted Video
  • #34,814
  • Jul 12, 2012 2:32pm Jul 12, 2012 2:32pm
Quoting Fana
Sup...
http://www.youtube.com/watch?v=NdBHn...eature=related
"Through the evening mist
Alone goose is flying.
Of one tone Are wide waters and sky"
  • #34,815
  • Jul 12, 2012 2:39pm Jul 12, 2012 2:39pm
Quoting Gro
"Through the evening mist
Alone goose is flying.
Of one tone Are wide waters and sky"
EXACTLY!
  • #34,816
  • Edited 3:26pm Jul 12, 2012 3:08pm | Edited 3:26pm
Quoting Gro
OK
"To walk along the cliffs, you must have your hands free."

"gro's concrete"
"Walk down the blade of the sword
walk down the slippery ice
you dont watch step sequence
To walk along the cliffs
you must have your hand free.

A lightning strike, a spray of sparks
In the twinkling of an eye ...
you are not able to see it."
  • #34,817
  • Jul 12, 2012 11:02pm Jul 12, 2012 11:02pm
Quoting Gro
"Through the evening mist
Alone goose is flying.
Of one tone Are wide waters and sky"
this the way,
there no other way.
if you can fly you must fly alone.
only because you can.

if you cannot fly then you need buy a plane ticket.
If you buy plane ticket then your life is not in your hands
for the duration of the flight.

But as you fly,
is nice if there are friends that can fly share the splendour
just make sure they not eagles.
doves makes nice meals.

To survive the flight,
one must be able decern between 天地
one allows you glide freely in splendour.
one you crash into.

regards

Inserted Video
  • #34,818
  • Jul 13, 2012 12:41am Jul 13, 2012 12:41am
Quoting fti
this the way,
there no other way.
if you can fly you must fly alone.
only because you can.

if you cannot fly then you need buy a plane ticket.
If you buy plane ticket then your life is not in your hands
for the duration of the flight.

But as you fly,
is nice if there are friends that can fly share the splendour
just make sure they not eagles.
doves makes nice meals.

To survive the flight,
one must be able decern between 天地
one allows you glide freely in splendour.
one you crash into.

regards

http://www.youtube.com/watch?v=YFt76...2A4F11AAE8665C...
Hi fti,

I have a feeling you are using the above to convey your answers to me, or am I totally mistaken?

Thanks

Regards,
King
  • #34,819
  • Jul 13, 2012 12:51am Jul 13, 2012 12:51am
ok
here dad's lessons for you.
天

direct translated is mean sky.

chinese view

Tien is representations of things that are beyond one's control.
God is tien.
his works are beyond your comprehension nor control.

Your father is your tien.
was his will if you exist or not.

your govt is your tien.
thier policys and workings are beyond your control.

In olden days , is known as matters of the divine of fate.
.............................................................................
...............................................................................
even an emperor need submit to matters of tien........................

in the context of trading.
Tien signifys matters thats beyond the control and influence of the trader.

political maters.
Acts of God.
Market sentiments.
News that influences markets.
All matters that ccan have influnces on markets that are beyond the control of the traders.
if you like, fundemental analysis.

if i have more energy iwill explain to you about 地 (ti)
dad's full phrase was tien ti ying yang.


regards.
  • #34,820
  • Jul 13, 2012 1:16am Jul 13, 2012 1:16am
Dear fti,

I have always enjoyed your lessons...

Please allow me to pay my respect here in FF.

Godspeed.

appleboy
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