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Technical Analysis Fallacy

  • #38,301
  • Jan 30, 2013 11:14am Jan 30, 2013 11:14am
Quoting indianguyinny24
Enjoy the learning curve , onne of th best time i look back and think what i was thinknig....lol i think after 5 years i will think about today the same...

you are preparing for marathon so it will take time.....just prepare well....what sports you follow? cricket?

V
Exactly! i think I have been around here about 2 years and I sure as heck haven't got it all figured out. I have an Ah Ha! moment all the time.
  • #38,302
  • Jan 30, 2013 11:24am Jan 30, 2013 11:24am
Quoting tubguy
Exactly! i think I have been around here about 2 years and I sure as heck haven't got it all figured out. I have an Ah Ha! moment all the time.

any electricians around.
maybe tighten the wires.
on off on off can blow bulb hor.

ai ya this fti.

regards
  • #38,303
  • Jan 30, 2013 11:24am Jan 30, 2013 11:24am
In August 2012 in an International Herald Tribune op-ed, Harvard University professor and director of the Committee on Capital Markets Regulation Hal S. Scott called for a global response to the Euro-zone crisis. He wrote that two failures to address European problems around German power had led to world wars in the 20th century and that the current crisis was also beyond the capacity of Europe, with Germany again at the center, to solve on their own. Accepting that leadership transitions were underway in both China and America, Scott called on all concerned—with Japan included with China and America—to begin organizing a global restructuring through the International Monetary Fund with possibly a Bretton Woods II conference as part of the process. MarketWatch commentator Darrell Delamaide endorsed Scott's idea but concluded "unfortunately it’s not likely to happen". He added first the example of the failure of Europe to address successfully the breakup of Yugoslavia without outside assistance as a reason for his endorsement. But he found U.S. presidential and Treasury Department leadership and IMF leadership dramatically lacking in the capacity to mount an initiative such as Scott propose.


I can't resist to ask.
in true real world econmey. what is the present standard banch mark for world currency convertion ratio( mostly us $ is conseder as bench mark I think), is it US, EUR, YEN, MARK.

if US $ is unoffical standard now a days. than what is strangth(or actual power of power of purchasing of US $ have ??????? (lot more but for time being just this one)
just live a life, don't be hard.
  • #38,304
  • Edited 11:51am Jan 30, 2013 11:36am | Edited 11:51am
Quoting shaukat113
In August 2012 in an International Herald Tribune op-ed, Harvard University professor and director of the Committee on Capital Markets Regulation Hal S. Scott called for a global response to the Euro-zone crisis. He wrote that two failures to address European problems around German power had led to world wars in the 20th century and that the current crisis was also beyond the capacity of Europe, with Germany again at the center, to solve on their own. Accepting that leadership transitions were underway in both China and America, Scott called on...
1st ly the IMF is a body created as avenue of last resort to 3rd world ecomomies.
Therefore to convert it into a 1st world guard to me is an uneasy paradigm shift.

2ndly the usd is no longer a standard benchmark of ppp. but nevertheless she still has pivotal role in the ever changing balance of payment for trades.
All eyes are on panda about this , as is very evident who the creditor nations and debtor nations are.
But lack of policy transparency and historical track records also making transition difficult.
For now , until we are futher notified, all supposed be status quo, except that everyone have a funny feeling in the gut.

In historical hieracy of standards just behind the usd is the cable.

in many aspects, is wrong mindset write down the usd, as she has shown much resourcesfulness in adversity. And is as at is not easy find medium for exchange that is as freely floated and convertable as the usd.
so be good boys and girls, and not rock boat yet. Just make sure have enough life boats around.

regards
  • #38,305
  • Jan 30, 2013 11:52am Jan 30, 2013 11:52am
Quoting fti

any electricians around.
maybe tighten the wires.
on off on off can blow bulb hor.

ai ya this fti.

regards
Hey, I'm not the brightest crayon in the box but I can wire in the electric. LOL
  • #38,306
  • Jan 30, 2013 11:55am Jan 30, 2013 11:55am
Quoting tubguy
Hey, I'm not the brightest crayon in the box but I can wire in the electric. LOL
, my friend, no need for bright bulbs , high electric bills.
just need not gropping in the dark.

some cars are faster , but that not means it not break down.
ever seen a old cluncker driving pass an off road ferrari? or one towing?

regards
  • #38,307
  • Jan 30, 2013 11:55am Jan 30, 2013 11:55am
thanks a lot!!

so Panda and cable!!!!

http://www.fas.org/sgp/crs/row/RL34314.pdf

http://www.bloomberg.com/news/2012-0...itas-says.html
just live a life, don't be hard.
  • #38,308
  • Jan 30, 2013 12:01pm Jan 30, 2013 12:01pm
Quoting shaukat113
thanks a lot!!

so Panda and cable!!!!

http://www.fas.org/sgp/crs/row/RL34314.pdf

http://www.bloomberg.com/news/2012-0...itas-says.html
and not forget OPEC and who was the one bought tons Gold recently, ah yes India.
The quiet dragons.

so have patience, everyone still trying work out the new brettonwoods.
for me i only trying figure out what to buy or sell next.

regards

ai ya i sold 65 and they hanging at 70 just waiting for me cut loss.
maybe.
at 1.3470 thats where the cutting will happen, but won't be me?
  • #38,309
  • Jan 30, 2013 12:04pm Jan 30, 2013 12:04pm
Quoting fti
oh great.
then you not need any help any more.

regards
ALberuni was on his death bed and some knowledgable ppl wanted to discuss with him about some problem,and when they left his servant ask him,oh master,u know ur dying but u still has discussion with ppl about issue and Alberuni said to him "its better to die with some more knowledge than dying without"regards
by the way fti I notice the tone of ur words.God bless.
Allah has permitted trade and has forbidden interest [koran]
  • #38,310
  • Jan 30, 2013 12:08pm Jan 30, 2013 12:08pm
what a tragedy. an electronic trade personal try to play with numbres, but not with electrons.
just live a life, don't be hard.
  • #38,311
  • Jan 30, 2013 12:12pm Jan 30, 2013 12:12pm
Quoting drzakir123
ALberuni was on his death bed and some knowledgable ppl wanted to discuss with him about some problem,and when they left his servant ask him,oh master,u know ur dying but u still has discussion with ppl about issue and Alberuni said to him "its better to die with some more knowledge than dying without"regards
by the way fti I notice the tone of ur words.God bless.
oh, ok , i need hide my happyness for your success.
i must remember , stay calm.

regards
  • #38,312
  • Jan 30, 2013 12:12pm Jan 30, 2013 12:12pm
! did candlestick charts work!!!!!!to know the psychology of crowed.
just live a life, don't be hard.
  • #38,313
  • Jan 30, 2013 12:15pm Jan 30, 2013 12:15pm
Quoting shaukat113
! did candlestick charts work!!!!!!to know the psychology of crowed.
everything works.
is only wierd use crowbar open a can of bake beans?

is not what works and what not?
its what works for YOU. consistency.

We used to chop wood with stone, remember?
by the way we still chop wood with stone.
now is called an axe.

regards
  • #38,314
  • Edited 12:19pm Jan 30, 2013 12:16pm | Edited 12:19pm
Quoting fti
, my friend, no need for bright bulbs , high electric bills.
just need not gropping in the dark.

some cars are faster , but that not means it not break down.
ever seen a old cluncker driving pass an off road ferrari? or one towing?

regards
Yes sir! I like slow until it's time to get a job done. Then it's full throttle. Been one of my biggest enemies in trading.
I've always been in control and make things happen. Finally came to realize that the market is poking the cat and I'm just holding the tail.

Inserted Video
  • #38,315
  • Jan 30, 2013 12:19pm Jan 30, 2013 12:19pm
eur/jpy 15M
this type of chart work most of time for me.
Attached Image (click to enlarge)
Click to Enlarge Name: no77.GIF Size: 10 KB
just live a life, don't be hard.
  • #38,316
  • Jan 30, 2013 12:27pm Jan 30, 2013 12:27pm
Quoting shaukat113
eur/jpy 15M
this type of chart work most of time for me.
ok, fine.
1 key word for you chew.
adjustments, if you like management.
aka effenciency, in banks we call prudence.

I just remembered old motto, ora et labora.

regards
  • #38,317
  • Jan 30, 2013 12:36pm Jan 30, 2013 12:36pm
prudence is the ability to govern and discipline oneself by the use of reason.

Prudence as the "Father" of all virtues
Integral Parts of Prudence

Memoria — Accurate memory; that is, memory that is true to reality
Intelligentia — Understanding of first principles
Docilitas — The kind of open-mindedness that recognizes the true variety of things and situations to be experienced, and does not cage itself in any presumption of deceptive knowledge; the ability to make use of the experience and authority of others to make prudent decisions
Shrewdness or quick-wittedness (solertia) — sizing up a situation on one's own quickly
Discursive reasoning (ratio) — research and compare alternative possibilities
Foresight (providentia) — capacity to estimate whether a particular action will lead to the realization of our goal
Circumspection — ability to take all relevant circumstances into account
Caution — risk mitigation


End of day 1 got home work "prudence"!!
just live a life, don't be hard.
  • #38,318
  • Jan 30, 2013 12:42pm Jan 30, 2013 12:42pm
Quoting shaukat113
prudence is the ability to govern and discipline oneself by the use of reason.

Prudence as the "Father" of all virtues
Integral Parts of Prudence

Memoria — Accurate memory; that is, memory that is true to reality
Intelligentia — Understanding of first principles
Docilitas — The kind of open-mindedness that recognizes the true variety of things and situations to be experienced, and does not cage itself in any presumption of deceptive knowledge; the ability to make use of the experience and authority of others to make prudent decisions
Shrewdness...
there it is,
you could had fooled me.

now go back on the chart you showed me with you so many concubines.
you already know.

in bank pudence , we govern and discipline oneself by the use of bottom line( consistent performance).
look at the chart clearly.
from day 1 you entered your trades on the MO you not had one cent of profits.
even still 0 at the end of the chart.

If you was working for me, you bought at the low and sold at the high, you not even make junior dealer.
want ask me why?



regards
  • #38,319
  • Edited 1:02pm Jan 30, 2013 12:50pm | Edited 1:02pm


did I do something wrong

english is not my native language . I realy don't know what blender I did .
just live a life, don't be hard.
  • #38,320
  • Jan 30, 2013 12:52pm Jan 30, 2013 12:52pm
Quoting shaukat113


did I do something wrong
no, is your eye sight.

you trading the price.
you not see volitility range.
even you bought at the low and sold the high you only made less than 10% of the true range.
worst is you showing a trade thats not evenbooked any profits over a long period.

now would you hire someone like that work for you.
for me, not even if is for no wages.


regards
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