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Technical Analysis Fallacy

  • #39,201
  • Feb 27, 2013 8:41pm Feb 27, 2013 8:41pm
Quoting GEfx
Happy trading day to everyone! Thought I'd stop by to say hi and catch up a little with fti's thread. fti, it sounds like you are doing well and that is good news! Hope everyone here is trading well, or at least learning as you trade. Saw Fana had stopped by and it was good to see him again, too. Take care everyone!

Nice of you to drop by GEfx. Hope all is well.
  • #39,202
  • Feb 28, 2013 2:57am Feb 28, 2013 2:57am
You giving me the b-s equation?

Ah no fti, while it is human nature for me to want you to teach (I am certain I tried to trick you into it in the past, and I might think about it in the future), I value our open communication much more. I don't want to jeopardize that. Even though I don't know you at all, I treat you as a friend and I try not to cross them by asking for too much. For now I e-mail w/ a retired citi options trader. Maybe you know him, he worked in Singapore.

But this time I bring it up because I interned at a Q place for a few months and it was pretty clear that the future is (unfortunately) towards Q. I just wanted to give a heads up for those thinking they can come into the trading world thinking it was the same as it was. I was thinking join ops, then hopefully move into jr role, but that opportunity doesn't really happen anymore.

I do have a motive for showing up other than to say hi though (you gonna trust a guy that shows up after a long period of nothing for no reason?). I am in big transition out of university and into perhaps a masters degree. I pose my above observation to see what your thoughts were in terms of employment/professional training outside of quant is like. You see, I don't enjoy the rigidity of Q, but I've had to flow with the trend to get closer to a desk. Turned out to be the wrong kind of desk..So I thought you might be able to point to a place outside of banks (since banks aren't hiring) where I can grow within maybe an assistant trader role. I hope I'm not stepping out of line for asking this.

huh, back to smoking? People never change.





Quoting fti
Ahh good smoke.
what so difficult about Q?
Just study the below equation very carefully.

Everyone wants play long swords when cannot even handle short sword.
If i have energy , may be i consider teach peeps use spears.
But not today.

but so they become so cheap skate.
employ programmers do trading?
what does coders know about trading?

You not trying trick me teach use spears, i hope.


regards
  • #39,203
  • Feb 28, 2013 1:44pm Feb 28, 2013 1:44pm
Quoting fti
Ahh good smoke.
what so difficult about Q?
Just study the below equation very carefully.

Everyone wants play long swords when cannot even handle short sword.
If i have energy , may be i consider teach peeps use spears.
But not today.

but so they become so cheap skate.
employ programmers do trading?
what does coders know about trading?

You not trying trick me teach use spears, i hope.


regards

I understand this equation only
rgs
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  • #39,204
  • Feb 28, 2013 8:51pm Feb 28, 2013 8:51pm
Quoting fti
old 12 girls plays nice music for old man.

http://www.youtube.com/watch?v=em_yD-DbWoo

beautiful.
wish for them youth vitality for long long time.
my so bad, i auditioned so much of their music.
Only had bought 1 of their DVD.
must make a point buy some if i get a chance go out tower records again.
esp the one that feat kitaro. Lovely arrangements.

nice guzheng

salaam

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  • #39,205
  • Mar 1, 2013 7:07am Mar 1, 2013 7:07am
Very good Gro! My win rate is not as high as yours (75ish pct), I don't tend to press as hard. I hope I can get to 80 pct some day though.

I understand also my qqq back tested strategy. But alas, it only lasted a brief period before someone moved in. I hesitate to upload this.


Quoting Gro
I understand this equation only
rgs
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  • #39,206
  • Mar 1, 2013 7:40am Mar 1, 2013 7:40am
this is song is being dedicated to those lazy people who don't want to read the thread and don't know what trading is all about.

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  • #39,207
  • Mar 1, 2013 9:29am Mar 1, 2013 9:29am
As due to time constraint, I am trying to work with big flow, so far is doing well.

But I am having one problem even when I used to dance with small tf too that how I will add more troops while battle is in my favour.
Or in other words, what is the difference between a rescue and attack,

As my understanding is that in attack one should not aggressive keeping in mind market can attack and in that case I should have enough troops to deploy to rescue, is it correct?

But still I am not getting idea what should be my thinking as General while attacking and how should I attack? Is rescue and attack are same? cannt be... i think but what is difference then.... i am confused.... :
  • #39,208
  • Mar 1, 2013 12:21pm Mar 1, 2013 12:21pm
Quoting 786 trading
Is rescue and attack are same? cannt be... i think but what is difference then.... i am confused.... :
You don't know the difference between a rescue and attack?

Think about what these two mean...
  • #39,209
  • Mar 1, 2013 1:47pm Mar 1, 2013 1:47pm
Quoting 786 trading
But still I am not getting idea what should be my thinking as General while attacking and how should I attack? Is rescue and attack are same? cannt be... i think but what is difference then.... i am confused.... :
Please read carefully page 1 to 60 circa.
  • #39,210
  • Mar 1, 2013 1:53pm Mar 1, 2013 1:53pm
Quoting 786 trading
As due to time constraint, I am trying to work with big flow, so far is doing well.

But I am having one problem even when I used to dance with small tf too that how I will add more troops while battle is in my favour.
Or in other words, what is the difference between a rescue and attack,

As my understanding is that in attack one should not aggressive keeping in mind market can attack and in that case I should have enough troops to deploy to rescue, is it correct?

But still I am not getting idea what should be my thinking as General while...


Hi 786 trading


the charts are like waves and tides on the shore rolling in and out, if you find the rhythm you can catch the new wave at its peak for your attack or rescue, the only difference between them is trade size and YOU. I think one of the problems may be you do not understand flow and rhythm as well as you think you do, so you are not using this style of trading at its best potential.


As Zoran said a few posts back you need ALL the ingredients to make this work.


Problem is we THINK to much and that leads to complication because again we THINK we need and should be looking for something complicated. Start with the basics everything is built off of something basic, even skyscrapers, they only sit on a big man-made rock.


Also watch the kingdoms and the crosses for the pair/s your trading, they show you where the moneys going, in or out/slow or fast.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #39,211
  • Edited 2:59pm Mar 1, 2013 2:36pm | Edited 2:59pm
Quoting fullperson
Very good Gro! My win rate is not as high as yours (75ish pct), I don't tend to press as hard. I hope I can get to 80 pct some day though.

I understand also my qqq back tested strategy. But alas, it only lasted a brief period before someone moved in. I hesitate to upload this.
"I hope", ..."back tested strategy"

"thunderclap and lightning, not catch see this moment ..."

rgs

PS memory born imagination (Ghosts in the mind), it is good to learn to slowly exhale from the
lungs ...
  • #39,212
  • Mar 1, 2013 3:34pm Mar 1, 2013 3:34pm
Quoting phil13
Hi 786 trading


the charts are like waves and tides on the shore rolling in and out, if you find the rhythm you can catch the new wave at its peak for your attack or rescue, the only difference between them is trade size and YOU. I think one of the problems may be you do not understand flow and rhythm as well as you think you do, so you are not using this style of trading at its best potential.


As Zoran said a few posts back you need ALL the ingredients to make this work.


Problem is we THINK to much and that leads to complication...
Thanks Phil, M-H Trader and Dr_Zulu.

The biggest hurdle to learn all this is ME (mySelf).

My weakness is that I am trying to find shortcut.

I will go again from start and will try to catch what I missed and will start practice as much as I can.

Thanks guys again and have a nice weekend
  • #39,213
  • Edited 7:41am Mar 2, 2013 7:40am | Edited 7:41am
@786trading:
You're welcome. No answer in a single post could be substitute for reading the thread from the start.
It's well worth it, you won't regret it.

@Phil:
So you trade by line charts alone? No candle formations?
Or instead you use line charts to feel the flow and watch candles afterwards?
This is very intersting to me.
  • #39,214
  • Mar 2, 2013 9:08am Mar 2, 2013 9:08am
Quoting Dr_Zulu
@786trading:
You're welcome. No answer in a single post could be substitute for reading the thread from the start.
It's well worth it, you won't regret it.

@Phil:
So you trade by line charts alone? No candle formations?
Or instead you use line charts to feel the flow and watch candles afterwards?
This is very intersting to me.

Hi Dr Zulu


here is a map of my trading.....


I use line charts to see/feel the flow in the kingdoms and the crosses, all I need to know from them is where is the money going and what direction, candles draw the eye and mind to conclusions, which is not what I want to happen there, I have these in M15, I do have a couple of sma's on them (4 hourly and daily benchmarks) but to be honest the are just eye candy that I have got used to being there and I do not really take much notice of them now.
When I trade a pair I use candles and tick volume in M5, I use H1 with candles to confirm direction but I am not really looking to much at the candle formation/s here just at the buyers and sellers to see who is currently in control and to help me back up what I see in the line charts, I use D1 with candles but I am only looking at the last/last few candles and current position/level for any possible clues as to today's move, I do not look at charts above that, my theory being I am not a fan of holding on to trades for days, I much rather go to bed squared so the maximum time that could/should affect me is the daily candle today.
I want to be light/squared before news releases that may have an unforeseen/high impact on the price and that is it, by watching M5 and what the buyers/sellers are doing I ease in and out of my trades.
Candles, line charts or what have you, it all takes lots of practice to understand how price and the market moves within them, the above probably sounds simple but this is what I learnt to understand and use to get MY feel for what is going on, in M5 most candles are meaningless I found, it is where price is in relation to the last move in all of those time frames and what it is doing NOW that gives me the opportunities I find, I still get it wrong now and again but the difference now is I have learnt to survive through the art of self preservation and defence, it has taken me years of persistence and patients to get to where I am now in this and I still consider I have a lot to learn.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #39,215
  • Mar 2, 2013 5:27pm Mar 2, 2013 5:27pm
Quoting fti
oh ok, then is a ok.
you on better foundation now.
make sure growing stabily before committing to the battles.

power to my friends. oh in a humble way.

regards
good to see everyone is getting on.
best wishes and good fortune all

regards
  • #39,216
  • Mar 2, 2013 7:22pm Mar 2, 2013 7:22pm
TO WHOMs IT MAY CONCERN.
BREAKING NEWS.
LATEST DISCOVERY.

oh, just wanted to TEACH a new discovery.
may have found another solution for traders who cannot control their scorpions.

recently, just like some super egos coming to the thread,
my dogs all giving me a hard time keep discipline.
so saturday, i made arrangements sent some to the vet to be yamed.
now that they all monks and nuns.
i noticed their very good humble behaviour.
no more hormone and uncontrolable problems.
esp the pit, who is youngest, but strong and most bullying.
Today he seems much more friendly and well behaved.
Nomore excessive uncalled for rages.

may work for some traders?
This decision is big move so is best one consult a medical specialist for opinion before deciding.

Any more spearmen?

regards

Basics always works.Gets to root of problems. ABC, DoReMe always works, the defends of last resorts.

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  • #39,217
  • Mar 2, 2013 7:25pm Mar 2, 2013 7:25pm
Quoting jacson101
good to see everyone is getting on.
best wishes and good fortune all

regards
Good to see you sir. hope ll is well in your world.
  • #39,218
  • Mar 2, 2013 7:28pm Mar 2, 2013 7:28pm
Quoting fti
TO WHOMs IT MAY CONCERN.

oh, just wanted to TEACH a new discovery.
may have found another solution for traders who cannot control their scorpions.

recently, just like some super egos coming to the thread,
my dogs all giving me a hard time keep discipline.
so saturday, i made arrangements sent some to the vet to be yamed.
now that they all monks and nuns.
i noticed their very good humble behaviour.
no more hormone and uncontrolable problems.
esp the pit, who is youngest, but strong and most bullying.
Today he seems much more friendly and well...
Lmao!

I think I'll stick to mind control. Although I don't plan on having anymore kids. LOL. Not!
  • #39,219
  • Edited Mar 3, 2013 4:27am Mar 2, 2013 7:35pm | Edited Mar 3, 2013 4:27am
Quoting tubguy
Lmao!

I think I'll stick to mind control. Although I don't plan on having anymore kids. LOL. Not!
Oh for you, maybe not recommended.
is mostly for the egos that cannot make dealer but have lots paper qualified.
calls nobel prize stuff, bs and those who thinks the world owes them a living because they paper qualified.
A little success and greatmonster scorpions surface.
Some peeps just never seen big snake shit before.

So much scorpions some peeps.
Corps had to pay in mega $ in 6 figs, buy it.
And terms was free hand to operate without any form intervention.
and they sent loads understudies, just peek at what being done.
Big peeps pay thru their nose and only get see the bottom line.
And peeps wants it free and pronto so that they can do it retail?

No boundaries, No lmitation , no honour.
even gave them the acturals, they no cap to do it.
"Hey why not?" they get everything here for free, anyway.
So tom, all corp treasurys will be on the thread.
Some peeps not understands non disclosure covers.

I came here tried help a few peeps.
Then now gets many friends.
Amongst the friends lurking many friends like to see me walking fully naked.
"A friend in need is a friend indeed."

regards

Scumish abusive friends who trys abuse me on every turn, i have lots.
Is only pityful see how they die because of their mindset.
I not care much for such types.
Only Good honourable friends, is worthy to treasure.
Things i like leave behind, i will leave behind.
That i not leave behind i will take with me.
From the cosmos it came to me , when i gone, back to the cosmos it goes.
It came lived with me a while because it found worthy place to live.
When the vessel is gone. then it has to return from which it came.

Yes every things alive. If it comes to you and you not have honour carry it, it will leave you.
All good things goes to the veseel that can carry it with honour.
All evil lives in the vessel that carrys it.
It will meet to it ends , but they manage stay alive because like viruses , when a host is doomed, it goes to infect another.

Ever thought where thoughts come from?
ya , thin air? YOU?
if thats what you want think, then so be it.

Jesus already told you. The parable of the seeds.
Matthew 13.

If you only knew what she bragging.
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Understand your mindset. It carrys with it , your destiny.
  • #39,220
  • Mar 3, 2013 3:51am Mar 3, 2013 3:51am
That same day Jesus went out of the house and sat by the lake. 2 Such large crowds gathered around him that he got into a boat and sat in it, while all the people stood on the shore. 3 Then he told them many things in parables, saying: “A farmer went out to sow his seed. 4 As he was scattering the seed, some fell along the path, and the birds came and ate it up. 5 Some fell on rocky places, where it did not have much soil. It sprang up quickly, because the soil was shallow. 6 But when the sun came up, the plants were scorched, and they withered because they had no root. 7 Other seed fell among thorns, which grew up and choked the plants. 8 Still other seed fell on good soil, where it produced a crop—a hundred, sixty or thirty times what was sown. 9 Whoever has ears, let them hear.”

regards
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