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Technical Analysis Fallacy

  • #40,361
  • May 4, 2013 9:54am May 4, 2013 9:54am
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)...

Very wise words. Think I may make a poster of this to hang on mine and my boys walls.
  • #40,362
  • Edited 5:46pm May 4, 2013 4:55pm | Edited 5:46pm
Quoting tubguy
{quote} Very wise words. Think I may make a poster of this to hang on mine and my boys walls.
my friend tub.
is a wonderful gesture, have it in sight so that one will be reminded.
yes, is good.
But i like say that that it self is not really enough.
That the aura must be chiseled in to the heart. That it lives in the heart & minds.
I have some paintings on my walls. Quiet nice ones, They had been hanging there for a long time. but i still not learn how to paint it.
I think is more effective have it ingrained in to the heart.
That it lives in the heart, and is reflected in our laws, systems,education. in a nut shell , in our living.
This a good begining, have it hang on the wall, initially, but must not die a white elephant on the wall.
That having it there is a reminder to us , chisel it in our hearts.

This my same thoughts , if you look back at my early posts.
Some find the reasoning behind what is said , worthy hang on the wall.( i gotta print this stick it on my forehead, on my computer on my keyboard....)
But because it not lives in the heart, when the storm blows, reverts.
For some their agendas can still over ride that which can be achieved, because it not lives in the heart.

Please remember , the bible, it has been hanging on a cross for very long time.
In fact is hanging in many places, except where it should be hanging.
Some folks swears by it, but swearing is as far as it goes.

I believe in fact deep down everyone knows that which was shared.
Some will fall on stony ground and because there no depth in the soil will be stifled.
That which fall with the weed will be chocked. That which fall.............
I think i not need say it again, Jesus said it best already in the parable of the seeds. Matthew 13

but what you gestured i like, Is a good begining.
When i was a kid, was taught the same by BP trainings.
I have to tie a knot on my scarf everyday. And when i feel i done some good deed for the day , i can untie the knot.
sometimes i cheat and consider any small deed a good deed. Even considered not doing a bad deed a good deed, sometimes.
But that which was taught and cultivated in me, lives in me always. until today, and i hope live it even till the last , as best i can do.
But i also know sometimes i cheat a little, just to get thru the day.
so i know sometimes the cheating( deception can be very confusing) esp when one can argues justification for the lesser evil.
We saw that happen when one of our friends , over stepped lines in the sand, justify abusing goodwill, to the purpose of good, called charity.
Charity begins at home.

so sorry for babbling. my friend, sometimes i err. and sometimes i dispise this cranky old f (fart)
Blessings.
Is not productive make laws that not enforced or selectively enforced. but to err is human.

regards
  • #40,363
  • May 4, 2013 5:50pm May 4, 2013 5:50pm
Quoting fti
{quote} my friend tub. is a wonderful gesture, have it in sight so that one will be reminded. yes, is good. But i like say that that it self is not really enough. That the aura must be chiseled in to the heart. That it lives in the heart & minds. I have some paintings on my walls. Quiet nice ones, They had been hanging there for a long time. but i still not learn how to paint it. I think is more effective have it ingrained in to the heart. That it lives in the heart, and is reflected in our laws, systems,education. in a nut shell , in our...

Wisdom of our elders is never an err!
Our refusal to hear is an err.

I agree, it is only hung as a reminder of some things I have tried to teach my boys. I don't always follow what I preach, but try hard.
I however, seem to have the ability to "forget" in short order. I can go to sleep and forget certain things by the morning. (even when not drinking)

My dad has taught me to write things down and look at them each morning so I don't. He does it, even though he don't need to.
I believe that my issue is lack of sleep. I rarely get through a dream without waking. So I think my mind works much like computer memory.
It just pushes things out that are less important than the last.

It takes a constant reminder for me to recall certain things until they become a habit or a thought of another part of my mind that keeps the good stuff. I can do many things without thinking that most can't do. So it all just takes time I guess.
  • #40,364
  • Edited 9:44pm May 4, 2013 5:56pm | Edited 9:44pm
Quoting tubguy
{quote} Wisdom of our elders is never an err! Our refusal to hear is an err. I agree, it is only hung as a reminder of some things I have tried to teach my boys. I don't always follow what I preach, but try hard. I however, seem to have the ability to "forget" in short order. I can go to sleep and forget certain things by the morning. (even when not drinking) My dad has taught me to write things down and look at them each morning so I don't. He does it, even though he don't need to. I believe that my issue is lack of sleep. I rarely get through...

God bless us all with his mercy.
my memory is failing me very fast too. Sometimes i wonder, whats the temperature in hell like.
but i alway alway pleading , mercy mercy mercy.

And don't i even , look at the packet of cigs. What can I say, cough cough cough.
never mind , i am doing sifu hwang exercises, what a pain i am sometimes.


regards

talking about no room for err. try beat this.
speed is nothing. try maneuvering with speed. thats the line differentiate the boys from the men.
egor, down down!!

Inserted Video


remember is easy be jundemental, until you on the jumpseat.
looks easy huh?
Inserted Video
  • #40,365
  • May 5, 2013 3:46am May 5, 2013 3:46am
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)...

Oh i must add. some one told me some peeps not have the liberty be warrant B. and think like him.
Yes is true i agree, is just say that then must beware, because is very hard make a telephone call from coin box with 9 cts.
So even if the system accepts 5 cts to connect the tenure of service may be limited, so is very up hill.
and one must understand the position of the resources and adjustment required well so as not to be grossly disadvantaged.
Is truely, life is not in black and white but many shades of grey.
But one must not argue that Black and White is not the standard.
It would be an error to think such.

Like i said before, to be kind also need one have the means AFFORD to be such.

regards
  • #40,366
  • May 5, 2013 7:24pm May 5, 2013 7:24pm
Quoting fti
{quote} yoo, vic hows the hifi? i thought you fainted. couldn't get the BMw , hifi down. + the new position? hands full huh, regards
hi chief,

work is really cut throat here lol...its fun though ..hands are actually full lol....but enjoying....no BMW...didnt liked it...sorry beamer fans...i got an used acura Tl2007 and that thing does give me goos bumps...so BMW wasnt that exciting...

V
  • #40,367
  • May 5, 2013 9:41pm May 5, 2013 9:41pm
Quoting indianguyinny24
{quote} hi chief, work is really cut throat here lol...its fun though ..hands are actually full lol....but enjoying....no BMW...didnt liked it...sorry beamer fans...i got an used acura Tl2007 and that thing does give me goos bumps...so BMW wasnt that exciting... V


regards

market still on holidays.
ai ya relax.
  • #40,368
  • May 5, 2013 11:58pm May 5, 2013 11:58pm
Quoting fti
And don't i even , look at the packet of cigs. What can I say, cough cough cough. never mind , i am doing sifu hwang exercises, what a pain i am sometimes.
9 weeks without a cigarette and 11 weeks without a beer...until today!
  • #40,369
  • Edited 2:02am May 6, 2013 1:50am | Edited 2:02am
Quoting ukmanthailan
{quote} 9 weeks without a cigarette and 11 weeks without a beer...until today!
self torture.
if can drop smoking, drop it, will have stronger body.
Beer if want 1 beer once a while is ok, is only barley water.
limit to 1 just for enjoying.
more and you become a slave to it.

no need torture, my friend.
everything that do, no covert, no want to own it, then what's important to you . It comes to you.
is easy natural feeling.

If is a tiger , even put in a goat body will still be a tiger, my friend
you tested will power, now relax and stay in control.
No need even think about it. You think about it then you will power only limited to that you set.
You can go without cigarettes forever if you so wished. You system already gone thru detox. And is no longer needs the narcotine.
the barley if you not want fermented , then drink fresh barley lor.
no ask for the high. i recommend tomato juice.


regards
  • #40,370
  • May 6, 2013 2:05am May 6, 2013 2:05am
euro seems soft testing trying find bottoms.
The dealers should be back tomorrow.
so we see whats they want try tomorrow.
seems all eyes at the rates.
many countries went dovish already.
some eyeing aud rates closely.


regards
  • #40,371
  • Edited 3:56am May 6, 2013 3:00am | Edited 3:56am
Since we are so free, with nothing to do.

1 thought came up for me.

You know we humans all trys be so dang righteous that we become so deceived that we cannot see who we really are.
live in virtual reality and setting standards based on that deceptions.

There was once I had a discussion with a very good friend.
He's so lost what he can do.
His son is hooked on virtual reality with computer virtual reality shooting games.
same like every one else hooked on deception of reality.(Every one thinks they so saintful)
The problem was his son so hooked in the games that the word kill keeps pooping into his feeble mind.
So bad that he not understand what that means. So lightly the thought of kill.

I taught him 1 way bring the boy back to reality about it.
I suggested that he bring his boy to my camp trips.
Then i asked the boy to work in my kitchen patrol.
Called him, and told him he was in charge of the dinner for the group.
Gave him a machete, told him we needed the 3 chickens tied to the trees for the chicken curry.

He took the machete, went took a look at the chickens and came back to me.
asked.
"They are alive, so you want me to kill them."
I asked him how else we suppose eat them, alive?
He couldn't do it.

Feed back came back from his dad, after that he understood. never used the word kill after that camp.
I wonder how much everyone will enjoy his dinner, if for every dinner they have to kill some live animal to cook.
Probably more than 50% of the deceived world population would starve ?

And every one talks about how righteous they are.
And dinner is served, while saints decide how sinful someone else is.
So much virtual reality, peeps not even realise where their dinner comes from.

regards

oh saw some proof of the intelligence between some human and animals.
Attached Image
  • #40,372
  • May 6, 2013 7:13am May 6, 2013 7:13am
Quoting fti
Since we are so free, with nothing to do. 1 thought came up for me. You know we humans all trys be so dang righteous that we become so deceived that we cannot see who we really are. live in virtual reality and setting standards based on that deceptions. There was once I had a discussion with a very good friend. He's so lost what he can do. His son is hooked on virtual reality with computer virtual reality shooting games. same like every one else hooked on deception of reality.(Every one thinks they so saintful) The problem was his son so hooked...


Good story and a good lesson.

Thats why I take my boys hunting. They know what it's really like and respect it.
  • #40,373
  • May 6, 2013 9:09am May 6, 2013 9:09am
at last some one is begining to think.

"
German Finance Minister Who Launched The Euro Now Says 'Catastrophic' Currency Must Be Broken Up


Read more: http://www.businessinsider.com/germa...#ixzz2SWOwQHMt


  • #40,374
  • May 6, 2013 9:15am May 6, 2013 9:15am
Seems this is the left hand, the right is long... Regards
  • #40,375
  • May 6, 2013 9:17am May 6, 2013 9:17am
Quoting Fana
Seems this is the left hand, the right is long... Regards
so much opinion, still not learn trading?

regards
  • #40,376
  • May 6, 2013 9:20am May 6, 2013 9:20am
is it worth answering? Regards
  • #40,377
  • May 6, 2013 9:32am May 6, 2013 9:32am
Good morning Chief ,
I have some questions;

Quoting fti
euro seems soft testing trying find bottoms.
As EUR is going down (from 5 min. chart) but seems to he hesitating and speed is very slow, so we can say it is finding support and can bounce up? what is the mean of 'soft' here ? Is it mean that may be this level may not be strong enough to hold?

Quoting fti
The dealers should be back tomorrow.
Tomorrow when market has movement, we should go whatever is the direction of the market and tomorrow we can get idea what direction is exactly would be, right now seems no direction, it has highs and lows at same time.
Did I understand correctly?

Quoting fti
some eyeing aud rates closely.
Would that aud rates play major role in setting up a direction of EUR?

Regards
  • #40,378
  • May 6, 2013 9:39am May 6, 2013 9:39am
Quoting fti
at last some one is begining to think. " German Finance Minister Who Launched The Euro Now Says 'Catastrophic' Currency Must Be Broken Up Read more: http://www.businessinsider.com/germa...#ixzz2SWOwQHMt
One more question; In the above article it is mentioned:
""The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt," he said.

Read more: http://www.businessinsider.com/german-finance-minister-who-launched-the-euro-now-says-catastrophic-currency-must-be-broken-up-2013-5#ixzz2SWV9TT7T"

Can we say that EUR currency can be disappear as it has lot of issues? What would be the future of Forex then? US dollar also has issues, now a days good news are coming from that side but that good effect is not reflecting from people's life living there. Like property prices are still down, people have still without jobs.

Some times I think EUR as issues, US dollar has issues then what would be the future of forext currency trading? Would traders move to stock market?

Regards,
786
  • #40,379
  • May 6, 2013 9:59am May 6, 2013 9:59am
Quoting 786 trading
Good morning Chief , I have some questions; {quote} As EUR is going down (from 5 min. chart) but seems to he hesitating and speed is very slow, so we can say it is finding support and can bounce up? what is the mean of 'soft' here ? Is it mean that may be this level may not be strong enough to hold? {quote} Tomorrow when market has movement, we should go whatever is the direction of the market and tomorrow we can get idea what direction is exactly would be, right now seems no direction, it has highs and lows at same time. Did I understand correctly?...
yes soft means weak.
i not the type wait for things,
if i see something i react straight away cautiously.

I am already short this afternoon.

regards.
  • #40,380
  • Edited 10:47am May 6, 2013 10:01am | Edited 10:47am
Quoting 786 trading
Good morning Chief , I have some questions; {quote} As EUR is going down (from 5 min. chart) but seems to he hesitating and speed is very slow, so we can say it is finding support and can bounce up? what is the mean of 'soft' here ? Is it mean that may be this level may not be strong enough to hold? {quote} Tomorrow when market has movement, we should go whatever is the direction of the market and tomorrow we can get idea what direction is exactly would be, right now seems no direction, it has highs and lows at same time. Did I understand correctly?...
i not have power tell any one what they can do with their currencies.
only if i can agree and see justified reasons in whats being done.
and even that is only my opinion.

I not hav crystal balls so i not able to see forward.
so i am sorry i have no outlook to what you ask, i am trading it.

you seems think in general, i think in specifics.
where traders going i not really know. If i hear they moving, i try figure out what my mnext strategies that can impliment.
i live in the now only, the future i just try position to follow as prudently as possible, susing alll forms of analysis that effectively benefitting my book.
so sorry that i not so clever.

In so far as the euro currency unit, i am opinioned that is good for europe as it put down lots of borders.esp for trade.
But i am opinioned that the managing of it is implimenting lots precedence of new protocols that i feel is dangerously affecting the trading.
and for the usd, is still the world's trade medium, only that i feel the pain that its leaning to old peeps savings for bailouts, that it not pallatable for me.
Other than that is still the world trade currency, there no alternatives yet.

About direction, i think if you look at the charts carefully , the direction seems very obvious. only that if you not already reacted yet, seems on the deep end already. but thats says nothing about whats behind it or how deep this can go. in thin markets i am braced for volitility, since is not dead fish markets scenario.


regards

one thing i am very happy about is that the manipulators that held up the euro markets when usd yen was rallying. Now they in deep water, if they panic , i will take advantage of their pridictcament for their manipulation.
i always seen , manaipulation always ends up dead. Is not a question of if, is a question of when?.
and if i told you about the stories of the manipulation i had seen in my career life and how they died, you could cry, see how stupid egor can be.
and you begining to think like them, thats worrysome.

for me i not so very clever, i only know how to dance them. What ever terrain they like create , i can dance them.
so i pray that God help me keep my humble and nimbleness. That i am generous with forgiveness and to deliver me from my own evil temptations. To have eagle eyes see whats happening and to have wisdom to understand why its happening.
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