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Aussie Trading Room and Cartoons Gallery

  • #25,001
  • Jan 19, 2013 5:06pm Jan 19, 2013 5:06pm
and my take on the eurusd is about the same ?
  • #25,002
  • Edited 5:35pm Jan 19, 2013 5:12pm | Edited 5:35pm
Quoting DaddyBear
Scott, there are two issues here.

First, there is no need to program in order to identify the waves. Any major indicators like RSI can do the job very well if one can master EWP. A computer can never replace human's brain, let alone the mind.

Second, the whole thing is not an impulsive but a corrective pattern instead.

IMO
A computer may excel in the calculation and alike but not in the areas of intangible or invisible intellectual activities. No computer can appreciate Picasso's painting nor can it design a master piece of architecture. EWP is an art not science. Whoever wants to design an EWP program is doomed to fail like the project of the Tower of Babel.
daddybearforex. com
  • #25,003
  • Jan 19, 2013 5:14pm Jan 19, 2013 5:14pm
Quoting arcticwolf
good morning /afternoon well I just wanted to run something by you .Although I put in a pending buy @1.0515 on sat morn before close I have been reading and studing my findings going by the clouds the audusd should fall . Am I wrong ?
Could you post your rationales and charts?
daddybearforex. com
  • #25,004
  • Jan 19, 2013 5:15pm Jan 19, 2013 5:15pm
Quoting DaddyBear
Scott, there are two issues here.

First, there is no need to program in order to identify the waves. Any major indicators like RSI can do the job very well if one can master EWP. A computer can never replace human's brain, let alone the mind.

Second, the whole thing is not an impulsive but a corrective pattern instead.

IMO
Science is trying to do just that.

www.2045.com
Play the players, not the cards.
  • #25,005
  • Jan 19, 2013 5:16pm Jan 19, 2013 5:16pm
Quoting DaddyBear
A computer may excel in the calculation and alike but not in the areas of intangible or invisible intellectual activities. No computer can appreciate Picasso's painting nor can it design a master piece of architecture. EWP is an art not science. Whoever wants to design an EWP program is doomed to fail like the project of tower of babel.
Trading is an art but programming is not. IMO
daddybearforex. com
  • #25,006
  • Jan 19, 2013 5:18pm Jan 19, 2013 5:18pm
I am still trying to learn how the market works let alone how to post a chart .What I did was read up on clouds and worked out my thought so it is only how I interputed it most likely. I would not put your house on it lol
Quoting DaddyBear
Could you post your rationales and charts?
  • #25,007
  • Jan 19, 2013 5:19pm Jan 19, 2013 5:19pm
Quoting GnarlyPips
Science is trying to do just that.

www.2045.com (http://www.2045.com)
Humans cannot be replaced by machines regardless of how powerful they are. There is no way to reproduce the emotions, desires, love, fear, greed and so on.
daddybearforex. com
  • #25,008
  • Jan 19, 2013 5:20pm Jan 19, 2013 5:20pm
I guess one advantage a computer has it does not have emotion
  • #25,009
  • Jan 19, 2013 5:20pm Jan 19, 2013 5:20pm
Quoting DaddyBear
Humans cannot be replaced by machines regardless of how powerful they are. There is no way to reproduce the emotions, desires, love, fear, greed and so on.

I'd like to see some research reviewed by the scientific community if you're going to make a claim like that.
Play the players, not the cards.
  • #25,010
  • Jan 19, 2013 5:25pm Jan 19, 2013 5:25pm
Quoting GnarlyPips
Science is trying to do just that.

www.2045.com (http://www.2045.com)
Trying is one thing but getting it done perfectly is a remote goal at best. can you imagine having sex with a computer in the future if science can make it to happen?
daddybearforex. com
  • #25,011
  • Jan 19, 2013 5:27pm Jan 19, 2013 5:27pm
Quoting GnarlyPips
I'd like to see some research reviewed by the scientific community if you're going to make a claim like that.
The scientific community has the burden to prove not me.
daddybearforex. com
  • #25,012
  • Jan 19, 2013 5:28pm Jan 19, 2013 5:28pm
ok I will leave you with my previous revelation off to breakfast
  • #25,013
  • Jan 19, 2013 5:30pm Jan 19, 2013 5:30pm
Quoting DaddyBear
A computer may excel in the calculation and alike but not in the areas of intangible or invisible intellectual activities. No computer can appreciate Picasso's painting nor can it design a master piece of architecture. EWP is an art not science. Whoever wants to design an EWP program is doomed to fail like the project of tower of babel.
We are in agreement on this as well. You can not automate the process. Fortunately, we still need humans to interpret it.

Otherwise, we are out of luck as we all will be replaced.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #25,014
  • Jan 19, 2013 5:34pm Jan 19, 2013 5:34pm
Quoting DaddyBear
A computer may excel in the calculation and alike but not in the areas of intangible or invisible intellectual activities. No computer can appreciate Picasso's painting nor can it design a master piece of architecture. EWP is an art not science. Whoever wants to design an EWP program is doomed to fail like the project of the Tower of Babel.
This is the Tower of Babel in case you have never seen it before.

http://upload.wikimedia.org/wikipedi...t_-_edited.jpg

Pieter Brueghel the Elder (http://en.wikipedia.org/wiki/Pieter_Brueghel_the_Elder) (1526/1530–1569)
daddybearforex. com
  • #25,015
  • Jan 19, 2013 5:41pm Jan 19, 2013 5:41pm
The collapse of the Tower of Babel is a lesson for some traders thinking to outsmart the markets with auto trading programs IMO.

Quoting DaddyBear
This is the Tower of Babel in case you have never seen it before.

http://upload.wikimedia.org/wikipedi...t_-_edited.jpg

Pieter Brueghel the Elder (http://en.wikipedia.org/wiki/Pieter_Brueghel_the_Elder) (1526/1530–1569)
daddybearforex. com
  • #25,016
  • Jan 19, 2013 5:46pm Jan 19, 2013 5:46pm
Quoting DaddyBear
A computer may excel in the calculation and alike but not in the areas of intangible or invisible intellectual activities. No computer can appreciate Picasso's painting nor can it design a master piece of architecture. EWP is an art not science. Whoever wants to design an EWP program is doomed to fail like the project of the Tower of Babel.

He is not seeking to automate the process, still need human intervention and interpretation.

He has not started it yet, as he just designed and revamped his system. I fear I may have misrepresented what he is trying to do.

We will be exchanging ideas on EWP as he unveils it soon. To me, it is a chance to exchange ideas and practice the art. That is all.

Unfortunately, I think we are in agreement.

I could not agree more that it is an art.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #25,017
  • Jan 19, 2013 5:56pm Jan 19, 2013 5:56pm
Quoting Mr. Scott
You got it.

I have been targeting 1.3250 for a week now on EUR. It is like a magic number.
The EUR is fairly valued at these levels.
The More You Learn, The More You Earn.....
  • #25,018
  • Jan 19, 2013 5:59pm Jan 19, 2013 5:59pm
Quoting arcticwolf
and my take on the eurusd is about the same ?
which time frame?
The More You Learn, The More You Earn.....
  • #25,019
  • Jan 19, 2013 6:14pm Jan 19, 2013 6:14pm
Quoting forexalien
The EUR is fairly valued at these levels.
There is no fair value.

It is either a breakout or a false breakout.

I could be right if it is a real breakout. Mr. Scott wins If it is a false breakout .

A few days ago, I bought au at 1.0526 and he sold at 1.0526. LOL

Then last week I sold at 1.0520 and he bought below that.

I have a very small short position on eu and am waiting for 1.3250 to short heavily.

Check out the RSI divergence on eu daily chart. It is a clear signal.
  • #25,020
  • Jan 19, 2013 6:17pm Jan 19, 2013 6:17pm
Quoting DaddyBear
Trying is one thing but getting it done perfectly is a remote goal at best. can you imagine having sex with a computer in the future if science can make it to happen?

Sex robots exist. Primitive in a sense, and very expensive, but things will be perfected with time. I think the Japanese make them.
Play the players, not the cards.
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