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Technical Analysis Fallacy

  • #45,081
  • Mar 10, 2014 1:02pm Mar 10, 2014 1:02pm
Quoting indianguyinny24
{quote} Chief, Desirada Go placidly amid the noise and the haste, and remember what peace there may be in silence. As far as possible without surrender, be on good terms with all persons. Speak your truth quietly and clearly; and listen to others, even to the dull and ignorant; they too have their story. Avoid loud and aggressive persons; they are vexations to the spirit. If you compare yourself with others, you may become vain or bitter; for always there will be greater and lesser persons than yourself. Enjoy your achievements as well as your plans....

thanks my friend.
good soup for a cranky soul.

regards
  • #45,082
  • Mar 10, 2014 1:05pm Mar 10, 2014 1:05pm
Quoting CookieMonsta
{quote} hi fti, i find the journey through from page 1 till here worth while, not just the summary, over the course of questioning and answering of by other forumers, i can see how i may have been wrong many times, but if a person demands a summary, maybe he is not ready, as it is telling of his patience, i have read many trading books, and their focus was on mindset, and trading is a mirror of their personality, and that is something that only experience can cultivate, and i think you definitely mean well, but they are not at your level, hence...
noted.
But i seems skidding already.
wobbly walk wobbly arrogance also.

But a little to much for me handle already.
thanks i try understand and stay a little cool.
here now is hot hot hot:

regards
  • #45,083
  • Edited 1:54pm Mar 10, 2014 1:06pm | Edited 1:54pm
Quoting GEfx
{quote} Some people can't see the forest for the trees. If only they would read the thread, they would see that you have given a great gift, a short cut, to all your years of experience. Now they want a short cut to the short cut...a bigger gift than the one you have given in this thread. Be careful, next they will want you to send them a check! LOL! Been a very cold and snowy winter here, with lots of water in the form of snow. I have not seen my yard for 4 months. And, another 6 inches of snow by Wednesday. It's OK though, as God shows us who...
wow , spring , why are you late.

is yhe name of a classic chinese song.


but days like that cold is nice have warm cuddly gfs?
always some good in the sufferings.
here is i had been sitting in shower tub. just so i not blow an artery.( at 2 am.
is like japanese bath.
hot cold hot cold. wait till the waterworks peeps hear about my wasting peeps drinking water.

alternatively i could go out jump in with the kois. But i fear , the females all waiting suck my blood.
ai ya dang mosquitoes.
already lots of em blood relatives.



regards
  • #45,084
  • Mar 10, 2014 1:38pm Mar 10, 2014 1:38pm
Quoting fti
{quote} thanks my friend. good soup for a cranky soul. regards

i go back and read these very often after i learnt from here....

V
  • #45,085
  • Edited 2:28pm Mar 10, 2014 2:01pm | Edited 2:28pm
Quoting indianguyinny24
{quote} i go back and read these very often after i learnt from here.... V
nice ,
i know it by heart,vic, but yet at times i still forgets.
is nice have afriend reminds.
Thats what friends are for.
Is a Diaon warwick song.

playing it now. nice song.


regards

follow up roger witaker's songs. I really need untangle these nerves.
and whitney's, I need dance with somebody, wanna wanna wanna.
careless whispers.

ok i think i will have early breakfast. Trying whip up some nice soybean curds.

wow mom left nice watermelons in kitchen.
  • #45,086
  • Mar 10, 2014 2:56pm Mar 10, 2014 2:56pm
Quoting fti
{quote} wow , spring , why are you late. is yhe name of a classic chinese song. but days like that cold is nice have warm cuddly gfs? always some good in the sufferings. here is i had been sitting in shower tub. just so i not blow an artery.( at 2 am. is like japanese bath. hot cold hot cold. wait till the waterworks peeps hear about my wasting peeps drinking water. alternatively i could go out jump in with the kois. But i fear , the females all waiting suck my blood. ai ya dang mosquitoes. already lots of em blood...
Hope for spring soon, but until then, cuddle with my wife of 34 years. She insists on no gf...lol!
  • #45,087
  • Mar 10, 2014 3:22pm Mar 10, 2014 3:22pm
Quoting fti
{quote} nice , i know it by heart,vic, but yet at times i still forgets. is nice have afriend reminds. Thats what friends are for. Is a Diaon warwick song. playing it now. nice song. regards follow up roger witaker's songs. I really need untangle these nerves. and whitney's, I need dance with somebody, wanna wanna wanna. careless whispers. ok i think i will have early breakfast. Trying whip up some nice soybean curds. wow mom left nice watermelons in kitchen.

i guess i can show certain passage at right time...remeber the poem shown to wife lol....

sleep well chief....

V
  • #45,088
  • Mar 11, 2014 3:56am Mar 11, 2014 3:56am
Quoting GEfx
{quote} Hope for spring soon, but until then, cuddle with my wife of 34 years. She insists on no gf...lol!
sometimes we lucky , wife is gf.
sometimes we unlucky wife is not gf.
as long as wife is not enemy is ok.
if is lillith , then

regards
  • #45,089
  • Mar 11, 2014 4:20am Mar 11, 2014 4:20am
Quoting fti
{quote} sometimes we lucky , wife is gf. sometimes we unlucky wife is not gf. as long as wife is not enemy is ok. if is lillith , then regards
Hi fti, then I am blessed with a wife/gf! But, have friends with lilliths, and they are not happy. Also, have friends with wifes and gf, and they are not happy either. Btw, praying for the souls on the lost airline. Hope they are found soon. Take care my friend and trade well.
  • #45,090
  • Edited 5:20am Mar 11, 2014 4:52am | Edited 5:20am
Quoting GEfx
{quote} Hi fti, then I am blessed with a wife/gf! But, have friends with lilliths, and they are not happy. Also, have friends with wifes and gf, and they are not happy either. Btw, praying for the souls on the lost airline. Hope they are found soon. Take care my friend and trade well.

http://www.dnaindia.com/world/report...wishes-1968371

Inserted Video


http://au.ibtimes.com/articles/54255...m#.Ux_BmfldVkk

http://www.news.com.au/technology/wh...-1226850614703

http://www.smh.com.au/travel/travel-...309-34fiz.html

regards
  • #45,091
  • Edited 6:20am Mar 11, 2014 5:59am | Edited 6:20am


http://www.foxnews.com/travel/2014/0...tcmp=obnetwork


"In fact, there are no places that are not for ladies anymore."
she forgot.
still have 1.
gentlemen's toilet. cockpeepot.aka the cockpit.
ok now for a pit stop.

ooops unisexed.leave the sit covers down?
not unless you wanna sit on my drip.




regards
  • #45,092
  • Mar 11, 2014 7:28am Mar 11, 2014 7:28am
Quoting fti
{quote} noted. But i seems skidding already. wobbly walk wobbly arrogance also. But a little to much for me handle already. thanks i try understand and stay a little cool. here now is hot hot hot: regards
hi fti,
well the weather sure is hot here, not to mention the haze problem too, but today seems much better.
can I ask you a question regarding your post on short theta and short vol?
does that mean you are putting on a short strangle, but depending on the how the market is biased towards, you may only put 1 leg on only?
like sell a put only if the market is going up, then if the market is range bound, we can put a short strangle on, then if we have a short strangle on,
if the market is moving up, we can create a bull spread to the top side, while selling more puts?

I recently took another look through the materials again and it reminded me of an interview of a lady trader who was very profitable, and she disclosed her strategy to be short theta and short vol.

Thanks.
  • #45,093
  • Mar 11, 2014 11:14am Mar 11, 2014 11:14am
another song stuck in head

Inserted Video


V
  • #45,094
  • Mar 11, 2014 11:20am Mar 11, 2014 11:20am
Algos' kicking normal people arse in FX...


http://www.zerohedge.com/news/2014-0...y-1238-days-tr

now most money the made was in FX

http://www.zerohedge.com/news/2014-0...eted-hft-swarm
  • #45,095
  • Mar 12, 2014 2:06am Mar 12, 2014 2:06am
Quoting indianguyinny24
Algos' kicking normal people arse in FX... http://www.zerohedge.com/news/2014-0...y-1238-days-tr now most money the made was in FX http://www.zerohedge.com/news/2014-0...eted-hft-swarm
Is this legal?
the chap foreruns customers orders and electronically arbitrage scalps the fills.
and he let the cat out of the bag?

when the authorities is finished with him, only billionaire left will be his lawyers and the authorities.and maybe his exwife.

regards
  • #45,096
  • Mar 12, 2014 8:09am Mar 12, 2014 8:09am
wow they going try 1.4?
interesting.

this i gotta watch. Is not everyday see big bunch of dealers nervous.
this the sort of places , whatever one does is wrong.
is more interesting than a soccer match, is suckers match.
the nervous sucks thumb, the winners maybe glass of tomato juice?
bloody mary?

regards
  • #45,097
  • Edited 9:29am Mar 12, 2014 8:24am | Edited 9:29am
Quoting CookieMonsta
{quote} hi fti, well the weather sure is hot here, not to mention the haze problem too, but today seems much better. can I ask you a question regarding your post on short theta and short vol? does that mean you are putting on a short strangle, but depending on the how the market is biased towards, you may only put 1 leg on only? like sell a put only if the market is going up, then if the market is range bound, we can put a short strangle on, then if we have a short strangle on, if the market is moving up, we can create a bull spread to the top side,...
Ok just a little bit so that you not go too off course.

There no way gets discounts on premiums unless ones knows how to leg positions.
if you short theta and vol, means basically you insurer .
Insurer have unlimited risk and pee is limited to premium proceeds.

If one short strangles then one is pure writer.
Writer as explained have unlimited risk and limited rewards.
if markets are range bound then writing is not clever.
In range bound markets time and vol money is low end.
conmensurates with the risk factor.
in range bound the clever peeps are buyers, they waste theta , betting on vols pick up.
if you have strangles and markets going up you short calls can very quickly put you in the poorhouse.
You not ready for advance mm strategies yet.
i just wanted sound you warning because you not understand the subject well.

In fact what you must think is how manouver butterflies. Srtangles and straddles are plain vanilla strategies for newbies.
In fact the experts they managing camels.
No good manouver have such forthright positions , will always be some form mutated butterflys,with bias lean on safe risk parameters.
and constantly managed. Managing butterflies is really at elementary levels. Like i said the experts , they manage camels. Troughs , valleys and humps.
if you ever managed 100s of dealers before you may be surprised at what kind of animal they can produce cumulatively for one manage.

This corp dealing, so i will no go into the discussion of it. Only for the big boys.
And big boys will never be given free stuff.
Free guidance is only meant to help those struggling, so as to help float them.
Is painful watch the uniniated drown themselves in their ego.r and rigidity mostly.


regards

you not understand the basics in the systems.
you lokking only at options.
I told you before, greeks are not only about options.
Let me see if this analogy can help you.
You see whatever lillith has eve also haves.
The difference is how one manages the stuff from the other.
They may look just alike but is in fact leaps apart.

You looking only 1 side of the coin, which has very dynamic dimensions.
but you only can see 1 side. Keep learning and climbing your curve.
maybe, One day you will get it.

But i am so sorry i cannot discuss these billion $ corp stuff in public forums, so sorry.
pls understand.
  • #45,098
  • Mar 12, 2014 9:36am Mar 12, 2014 9:36am
Quoting fti
{quote} Ok just a little bit so that you not go too off course. There no way gets discounts on premiums unless ones knows how to leg positions. if you short theta and vol, means basically you insurer . Insurer have unlimited risk and pee is limited to premium proceeds. If one short strangles then one is pure writer. Writer as explained have unlimited risk and limited rewards. if markets are range bound then writing is not clever. In range bound markets time and vol money is low end. conmensurates with the risk factor. in range bound the clever peeps...
Hi fti, thanks for the reply, very enlightening.I see where i was wrong, I think i know whats wrong now,

I think the keyword here is nimbleness, its all about managing the portfolio, doesn't matter what animal is created,to quote sun tzu, "All men can see the tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved"all the options methods are but tactics, but it is the strategy that direct the tactics that really matters.

Not just the tactics that matters, but the conditions that warrant the tactics matters too.

I think where i was wrong was being too rigid in the MO, that is the short strangle, when other more favourable options are available, and only viewing that way is being too rigid in MO, which may be engaging in confirmation bias.

No problem fti, i definitely understand about the conflict of interest. Was just curious about it as i was looking and researching to safe ways to manage options.
  • #45,099
  • Mar 12, 2014 9:43am Mar 12, 2014 9:43am
Quoting CookieMonsta
{quote} Hi fti, thanks for the reply, very enlightening.I see where i was wrong, I think i know whats wrong now, I think the keyword here is nimbleness, its all about managing the portfolio, doesn't matter what animal is created,to quote sun tzu, "All men can see the tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved"all the options methods are but tactics, but it is the strategy that direct the tactics that really matters. Not just the tactics that matters, but the conditions that warrant the tactics...

delta is only exposure.
there 5 greeks and about 7 subordinates to the 5 masters.
no get rigid.
just go at your own pace slowly understand them.
all the follow up models, they mutations from the master numbers.
The per\mutation possibilties is very large, so don't rush, master each of them then birds eye view on how they manouvers.

regards
  • #45,100
  • Edited 10:16am Mar 12, 2014 9:51am | Edited 10:16am
Hi CookieMonsta,

the book: Pricing, Hedging and Trading Financial Instruments by Prof Alexander maybe of interest to you on your mentioned topic. Please note this is not marketing or advertising call.

Regards
THE ALL is MIND; The Universe is Mental
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