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Technical Analysis Fallacy

  • #41,961
  • Aug 12, 2013 9:10am Aug 12, 2013 9:10am
Quoting GEfx
Happy trading day everyone! fti, am enjoying your posts and hope you are well. Wanted everyone to know that indianguyinny24 and I met last Friday for coffee and had an opportunity to meet each other in person. Vic is a great guy and hope he makes it back to this area soon. Good trading everyone!

it was great meeting you as well....Great meeting

V
  • #41,962
  • Aug 12, 2013 11:17am Aug 12, 2013 11:17am
interesting

http://iam.bradleymanning.org/

http://www.knowledgeoftoday.org/2011...ic-hitman.html
  • #41,963
  • Aug 12, 2013 11:38am Aug 12, 2013 11:38am
Quoting fti
interesting http://iam.bradleymanning.org/ http://www.knowledgeoftoday.org/2011...ic-hitman.html
i watched that documentary about economic hitman last year. sometimes i think conspiracy theories are not totally nonsense. also i remember of watching a few videos of an ex MI6 spy who lives now in japan. he has written couple of books in Japanese about economic wars between secret societies of the West and the East. reason doubts but it is best not to remove the dark forces out of the equation.
As Above, So Below
  • #41,964
  • Aug 12, 2013 11:57am Aug 12, 2013 11:57am
Quoting GEfx
Happy trading day everyone! fti, am enjoying your posts and hope you are well. Wanted everyone to know that indianguyinny24 and I met last Friday for coffee and had an opportunity to meet each other in person. Vic is a great guy and hope he makes it back to this area soon. Good trading everyone!
Thats really cool Guys! Not often we are able to meet those we get to know online.
  • #41,965
  • Aug 12, 2013 1:16pm Aug 12, 2013 1:16pm
Quoting tashkent
{quote} i watched that documentary about economic hitman last year. sometimes i think conspiracy theories are not totally nonsense. also i remember of watching a few videos of an ex MI6 spy who lives now in japan. he has written couple of books in Japanese about economic wars between secret societies of the West and the East. reason doubts but it is best not to remove the dark forces out of the equation.
watch huh.
everyone's living it.
Is like a never ending go game.e-go

tomollo game starts again.
Now bedtime.
Goodnight all.

regards
  • #41,966
  • Aug 12, 2013 1:18pm Aug 12, 2013 1:18pm
Quoting indianguyinny24
{quote} it was great meeting you as well....Great meeting V
PS: no pics?, vic

regards

Inserted Video


kopi, no mik, no sugar pls.
kopi hitam.

oh no goats dropping also pls.
  • #41,967
  • Aug 12, 2013 2:09pm Aug 12, 2013 2:09pm
Quoting fti
{quote} PS: no pics?, vic regards http://www.youtube.com/watch?v=HisDY_aDF2U kopi, no mik, no sugar pls. kopi hitam. oh no goats dropping also pls.

u said stay under the radar ...

na no pics taken was just sit and talk about u,trading and life etc....

V

PS:how a small chat room on internet can make real similar interest people meet....
  • #41,968
  • Aug 12, 2013 3:57pm Aug 12, 2013 3:57pm
Quoting tubguy
{quote} Thats really cool Guys! Not often we are able to meet those we get to know online.

true true...

V
  • #41,969
  • Aug 12, 2013 8:10pm Aug 12, 2013 8:10pm
Quoting fti
set book back 6 months.
Ouch. This is a scary feature of your MO. At every decision point, your experience would have ensured the odds of success were firmly in your favor, but even so, the market kept misbehaving.

Suppose Bob averages $1000 a week (ant's work) and is prepared to lose $3500 every 4 weeks before bailing out... that's not a good hourly rate.

I think we really need to ask, "How much do I make on average? How much am I prepared to risk before bailing? How often does this happen, on average? If I take 4 steps forward, three steps back, how much capital do I need to make it a worthwhile use of my time, money and energy? (Opportunity costs, health, family etc.) As you've often said, most traders are under-capitalized.
  • #41,970
  • Aug 12, 2013 8:23pm Aug 12, 2013 8:23pm
Quoting AllanS
{quote} Ouch. This is a scary feature of your MO. At every decision point, your experience would have ensured the odds of success were firmly in your favor, but even so, the market kept misbehaving. Suppose Bob averages $1000 a week (ant's work) and is prepared to lose $3500 every 4 weeks before bailing out... that's not a good hourly rate. I think we really need to ask, "How much do I make on average? How much am I prepared to risk before bailing? How often does this happen, on average? If I take 4 steps forward, three steps back, how much capital...
I know you didn't ask me, but, It all depends on how the book turns out. I hae lost huge amouts and ended the day positive .

I see your piont. But you trade. It is what it is. win or lose. You may have to lose to win..
  • #41,971
  • Aug 12, 2013 11:16pm Aug 12, 2013 11:16pm
fti,

I hope you are still around when I finish reading this thread. lol.

Cheers!

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #41,972
  • Aug 13, 2013 12:08am Aug 13, 2013 12:08am
Beauty to see the alignment in the 3 Kingdom. TY to FTI. Better than correlations stuff.
  • #41,973
  • Aug 13, 2013 12:13am Aug 13, 2013 12:13am
Quoting indianguyinny24
{quote} u said stay under the radar ... na no pics taken was just sit and talk about u,trading and life etc.... V PS:how a small chat room on internet can make real similar interest people meet....
Would.love to meet you guys, one day.
  • #41,974
  • Aug 13, 2013 1:43am Aug 13, 2013 1:43am
Quoting doddy
Beauty to see the alignment in the 3 Kingdom. TY to FTI. Better than correlations stuff.
Doddy

i have read and study 75% of the thread but based on the chart below i still can't see the alignment , if you could help a blind soldier on the battlefield ...
Attached Image (click to enlarge)
Click to Enlarge Name: Capturefti.PNG Size: 122 KB
  • #41,975
  • Aug 13, 2013 2:20am Aug 13, 2013 2:20am
Quoting Redsunfx
{quote} Doddy i have read and study 75% of the thread but based on the chart below i still can't see the alignment , if you could help a blind soldier on the battlefield ... {image}
Yo Redsunfx,

fti spoke earlier of the 3 kingdoms, eur/usd and gbp/usd should move quite in sync, jpy should move in the opposite direction. You can see that on the 3 pictures.
Trade well!
  • #41,976
  • Aug 13, 2013 2:26am Aug 13, 2013 2:26am
Hi; Inverse the Yen pair and there it is. When all align, the move is much better. Clean and clear. Feel the dance. The daily as well tempo is beating for a change. It is starting or trying. So that where the scout is sent, where the terrain is defined but the timing may jerk you up. The hourly is clearly defined and where troops are deployed or u might say a skirmish as the main troop is waiting for the daily. Yours might be different from mine but I like this better.
  • #41,977
  • Aug 13, 2013 2:44am Aug 13, 2013 2:44am
Quoting doddy
Hi; Inverse the Yen pair and there it is. When all align, the move is much better. Clean and clear. Feel the dance. The daily as well tempo is beating for a change. It is starting or trying. So that where the scout is sent, where the terrain is defined but the timing may jerk you up. The hourly is clearly defined and where troops are deployed or u might say a skirmish as the main troop is waiting for the daily. Yours might be different from mine but I like this better.
so let say 1= gbpusd 2= usdjpy 3=eurusd

the right tempo =
1 up 2 down 3 up
1down 2 up 3 down

i got it right this time?
  • #41,978
  • Aug 13, 2013 3:36am Aug 13, 2013 3:36am
Quoting Redsunfx
{quote} so let say 1= gbpusd 2= usdjpy 3=eurusd the right tempo = 1 up 2 down 3 up 1down 2 up 3 down i got it right this time?
Yep. And as fti said before, should you see movements that are not in accordance with the normal move (eur/usd and gbp/usd in sync, usd/jpy inverse) then you might find something in the fundamentals.

By the way, I found some in my opinion worthy readings, I would like to share it with you.
There had been spoken a lot about the right mindset, about our (mis)beliefs, really a lot.
The aspect of the language could be quite interesting too, the book is mainly about that.
John M. Heaton - The talking cure

Trade well!
  • #41,979
  • Aug 13, 2013 4:35am Aug 13, 2013 4:35am
Thank's to you guy's ... there is one more soldier who start to make a difference between tactics and strategies .....
  • #41,980
  • Aug 14, 2013 5:10am Aug 14, 2013 5:10am
The thread seems to slumber a bit, does not it? Everyone on holiday or just watching the dance very closely?
Well, I am dancing myself with the lady, I let her lead and I just hope it does not convert me into a lady myself, at least not into a very capricious one.
There is sooo much in this thread guys, sooo much! If I waited with new emerged questions until I absorb what has been told already, well, I would grow very old.
I found here unfathomable depths and fountains that do not run out of water, I just feel that. I wonder if I can be thirsty again at all?
Dancing the dance, pondering what has been told and find myself in it and find it in myself. No hurry, and one does not want to hurry any more. Just being here.
Will see.

But... This time there is a "but".

Other things however come to my mind, I do not know the first thing about financials. I am totally incompetent, a 7 year young child could tell you more about it I bet. I think, someone can be a good trader without that though, but I feel sometimes ashamed.
It does not feel great either to drive a car like a pro but stand next to the car totally incompetent when the motor shuts down. Ok, this example might be not perfect lol but it might describe what I feel.
I sit down, watch the lady, dance the dance, enjoy it, enjoy the learning but I am lack of a lot of information. Financials. Who does what. Any why.
Google is my friend, it was before this thread too, but before I got here I was deef and blind (now I can maybe hear and see sometimes).
I try to find information but I remain the same, I do not understand why things happen. I often see comments regarding news, well, I could not write a single one. Just have no clue. That can piss me off, not because I wanted to comment or such but because with the lady I am involved in financials. Just would be a good feeling to know at least the "basics".
I found all the postings here great (what does it mean "great"? I soaked the informations, felt good, felt as if I was among friends. I wonder how could I do some use for others though.) but when anyone got into explanations like what do retail broker do or what is tier1 , I got lost after the very first sentences.
I wonder if any of you could give me any hints how to obtain some solid insight into the fnancial world, where to begin, etc. If suits.
I hope my post is not confusing too much.
Anyway, let's stir up the waters a bit!

Reading AOW I got "hitted" often by thoughts (I wonder if the word "thought" really fits), here is one that is always with me:

AOW, tactical dispositions, Sun Tzu said:
"The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy."
Very very deep.

Trade well!
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