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Technical Analysis Fallacy

  • #40,341
  • May 2, 2013 11:37pm May 2, 2013 11:37pm
Quoting fti
{quote} Jaro yes, is very true. hey , lots friends here, and i can still work on the work i done all my life. Is already a blessing. I think sometimes, if i not do this and keep myself going . then what would i be doing. Sit and do nothing? then, that would not be a happy me. I guess in many ways i am still very happy, inspite of, but maybe these days a little cranky, huh. Oh did you pen this yourself? is very comforting. wise. When i said, far east ......., i meant today is holiday mode, not much money moving markets,so not much business...

Keep it up!!!

I am long E/U........ 5 pips in profit..... Maybe will need to take it out. LOL
  • #40,342
  • Edited May 3, 2013 12:10am May 2, 2013 11:46pm | Edited May 3, 2013 12:10am
Quoting indianguyinny24
{quote} got today time to see whats going on here....men people make people work ;D.....hows everyone here... V
yoo, vic
hows the hifi?
i thought you fainted.
couldn't get the BMw , hifi down. + the new position?
hands full huh,


regards
  • #40,343
  • May 3, 2013 12:12am May 3, 2013 12:12am
Quoting Jaro
{quote} Keep it up!!! I am long E/U........ 5 pips in profit..... Maybe will need to take it out. LOL


sorry i turned the market , is very thin. just squaring out my longs and saw them scutter the prices. . Did you manage square out?



regards
  • #40,344
  • May 3, 2013 12:34am May 3, 2013 12:34am
Quoting fti
{quote} sorry i turned the market , is very thin. just squaring out my longs and saw them scutter the prices. . Did you manage square out? regards
Still holding....... 3.5 pips in profit. . Ooops, 5 pips now!!!
  • #40,345
  • Edited 12:57am May 3, 2013 12:41am | Edited 12:57am
Quoting Jaro
{quote} Still holding....... 3.5 pips in profit. . Ooops, 5 pips now!!!

eu rate cuts?
Battle stations.

ECB in market doing what i not know yet.

why is everything suddenly in suspended animation?

seems they explaining why need cut rATES?

ANYONE HAS INFO
  • #40,346
  • May 3, 2013 12:56am May 3, 2013 12:56am
Quoting fti
{quote} eu rate cuts? Battle stations. ECB in market doing what i not know yet. why is everything suddenly in suspended animation? seems they explaining why need cut rATES?
Yes, blaming one another... ECB, goverments, ect.
  • #40,347
  • May 3, 2013 12:59am May 3, 2013 12:59am
ECB's Nowotny: Will keep rates low a long time


India cuts interest rate 0.25 point to 7.25%
  • #40,348
  • Edited 3:11am May 3, 2013 1:43am | Edited 3:11am
Quoting fti
ECB's Nowotny: Will keep rates low a long time India cuts interest rate 0.25 point to 7.25%


Nowotney live cnbc 06.43 gmt

(EU) ECB's Nowotny (Austria): ECB's Draghi comment (from yesterday's press conference) on possible negative interest rates has been over-interpreted, there are no concrete plans to cut the deposit rate into negative territory at this point - CNBC- No major Central bank has ever had a negative deposit rate- Negative deposit rates must be analyzed and discussed in more detail- No time frame to help SME's- Inflation may move up in the next few months- There are limits to monetary policy


Firehose


comments put some bids in..see if can hold the figuire..watching if yens go away

  • #40,349
  • May 3, 2013 2:17am May 3, 2013 2:17am
Quoting fti
{quote} ok ukman, since i have a little peaceful time now, just want highlight 1 point to you. when markets in a run mode, we like look for the waves, try guesstimate if the run is a good one. the run 3 waves you saw on your chart is not considered a good up run. The reason is because basically it not satisfy a perfect count. the reason i say this is because you not counting elliot wave counts, so is very general dow count. on dow count you correct. but the sexiest wave counts are elliot counts. This only a matter of opinion.( my opinion and many...
Thanks very much for your help.

I can see now where the retrace of my wave 2 dips below the top of the first impulse wave. In general I was getting a sense that it might be time to square my position but I am not always sharp enough to spot the exact reasons why until after the fact....I need to be more focused and engaged in the moment I think.
  • #40,350
  • May 3, 2013 7:17am May 3, 2013 7:17am
Good morning Chief ,

Working on mindset, I thought that it would be easy ... no It is not so easy.
Chief just a question came to my mind, I know that be humble is good habit and behaviour in life but why it is necessary and important in trading?

Chief , I also PM you.

Regards;
  • #40,351
  • May 3, 2013 8:43am May 3, 2013 8:43am
I'm a bad man. I was out eating with my family and I was a little bored so I sold some cable before the non farm payrolls figures came out. Made a nice profit, closed the position and then I was thinking of going long at 1.50, but that would have made me a pig as well as a gambler

Help, my ego!!!!
  • #40,352
  • May 3, 2013 8:59am May 3, 2013 8:59am
Quoting liqidone
{quote} Nowotney live cnbc 06.43 gmt (EU) ECB's Nowotny (Austria): ECB's Draghi comment (from yesterday's press conference) on possible negative interest rates has been over-interpreted, there are no concrete plans to cut the deposit rate into negative territory at this point - CNBC- No major Central bank has ever had a negative deposit rate- Negative deposit rates must be analyzed and discussed in more detail- No time frame to help SME's- Inflation may move up in the next few months- There are limits to monetary policy Firehose comments put some...
noted.
seems this circus is getting very very confused.
1 organisation saying conflicting things.
i not surprise they will shoot their own foot.
May be they should have meetings before talk rubbish in public.

regards
  • #40,353
  • May 3, 2013 9:02am May 3, 2013 9:02am
Quoting 786 trading
Good morning Chief , Working on mindset, I thought that it would be easy ... no It is not so easy. Chief just a question came to my mind, I know that be humble is good habit and behaviour in life but why it is necessary and important in trading? Chief , I also PM you. Regards;
because what happens if one is trading and one is no humble or generous when in tight situations?
What does angry man make?
Would be a mistake not be humble.

regards
  • #40,354
  • May 3, 2013 9:06am May 3, 2013 9:06am
Quoting ukmanthailan
I'm a bad man. I was out eating with my family and I was a little bored so I sold some cable before the non farm payrolls figures came out. Made a nice profit, closed the position and then I was thinking of going long at 1.50, but that would have made me a pig as well as a gambler Help, my ego!!!!
ai ya, my friend, that one no one can help.
only man in the mirror la, my friend, only him.

You think you bad?
i slept, missed all of it again.
but is ok there will be another day.
anyway this market seems like a circus today.

Might as well i just continue rest, rest in piece, better than pieces.
seems whole string of us good figs already.
lets see what becomes of the eu, a house divided.
anyway the markets trading highs and lows in same window.
tells of its liquidity state.



regards
  • #40,355
  • May 3, 2013 9:09am May 3, 2013 9:09am
Quoting fti
{quote} noted. seems this circus is getting very very confused. 1 organisation saying conflicting things. i not surprise they will shoot their own foot. May be they should have meetings before talk rubbish in public. regards

dont they call that the G20...or is it G8??

Yens seem to be clearing ground from behind and in front...is there an assault in the near term...or is it underway


Tuesday
  • #40,356
  • May 3, 2013 9:17am May 3, 2013 9:17am
Quoting liqidone
{quote} dont they call that the G20...or is it G8?? Yens seem to be clearing ground from behind and in front...is there an assault in the near term...or is it underway
but the jap team seems know what they are doing.
only hope europe does.
I miss the usddmk days.
i not like the euro 100 pips spreads at all. esp the manipulating hands.
will watch see how they going chop em off.

goodnite all

regards
  • #40,357
  • Edited 9:59am May 3, 2013 9:32am | Edited 9:59am
Quoting fti
{quote} but the jap team seems know what they are doing. only hope europe does. I miss the usddmk days. regards
Been running the show since Nov last...maybe their troops need resting....new general there with lots of new troops each month... but must have export..

No export..no sushi.. heavy ground up here..might rest a bit...

me too .. have a good weekend everyone

Hai
  • #40,358
  • Edited 10:54am May 3, 2013 10:29am | Edited 10:54am
I completely agree with you fti. That is why I have many problems with inter social relations as I say lots of things and many people misunderstand me or I even misunderstand them as we all have our own perspective. That is why I am lately more quiet and just do what I have to do.

In Korea I saw that what it means to be superior, as my coach was world champion and highly respected taekwondo person in south Korea, so whole team was afraid of him, like he is monster. But what I liked it in Korea in general all people who are respected, earned it with results, and not like here in Europe, everyone thinks he is best, but only by talking.
  • #40,359
  • Edited 6:01am May 4, 2013 5:38am | Edited 6:01am
someone i very fond of shared this.
maybe my friends can benefit from it too.

courtesy of M Sungkomprasert


Warren Buffett นั่งดูดน้ำชิลๆพร้อมฝากกฎเหล็ก 6 ข้อมาถึงแฟนๆนักค้าหน้าหยกทุกท่านครับ (ตีความภาษาไทยโดยผมเอง) ท่องไว้ให้ขึ้นใจเลยนะ^^

1. EARNINGS: Never depend on a single income. Make investment to create a second source.. พูดง่ายๆใครยังไม่ลงทุน ลงทุนซ่ะ!

2. SPENDING: If u buy things you don't need, soon u will have to sell things u need.. ซื้อของที่ไม่จำเป็นเข้าไปเถอะ ซักวันคุณจะต้องขายของที่คุณจำเป็น!

3. SAVINGS: Don't save what is left after spending, but spend what is left after savings.. ไม่ใช่ว่าใช้จ่ายให้พอก่อนจึงค่อยเก็บ แต่เก็บให้พอก่อนจึงใช้จ่าย

4. TAKING RISK: Never test the depth of the river with both feet.. อย่าได้ทำอะไรแบบเสี่ยงเต็มตัวเด็ดขาด หย่อนขาข้างเดียวก็พอมั้ง

5. INVESTMENT: Don't put all your eggs in a single basket.. กระจายการลงทุนบ้าง อย่าจัดเต็มเพราะถ้าพลาดจะเจ็บหนัก!

6. EXPECTATIONS: Honesty is very expensive gift. Do not expect it from cheap people.. อย่าไปคาดหวังความซื่อสัตย์จากพวกคนแบบ... นะครับนะ ยากส์!


https://www.facebook.com/photo.php?v...type=2&theater
regards

beautiful clip too, thanks for sharing.
  • #40,360
  • Edited 10:30am May 4, 2013 7:29am | Edited 10:30am
Quoting fti
someone i very fond of shared this. maybe my friends can benefit from it too. courtesy of M Sungkomprasert Warren Buffett นั่งดูดน้ำชิลๆพร้อมฝากกฎเหล็ก 6 ข้อมาถึงแฟนๆนักค้าหน้าหยกทุกท่านครับ (ตีความภาษาไทยโดยผมเอง)...

FREEDOM!

(the clip)
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