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Technical Analysis Fallacy

  • #46,281
  • May 24, 2014 5:48pm May 24, 2014 5:48pm
Quoting saneblane
{quote} I am talking about S/R in the technical sense. Let me explain, when you say somewhere on the chart is support / resistance, you have already put a bias on the market, the thing is, one of them are going to have to break in order for price to move. When that happens it's not support or resistance anymore, it's just another place on the chart. The market doesn't care where it is, the only thing it care about is what happens there. S/R is also dangerous because by it can only be support when it is confirmed, and just because price support resisted...
That's fine. Yes just because it held one time doesn't mean it will hold the next time. But then that's likely to be the first type of support I mentioned. There were orders there. The orders had an effect, but they're filled now. There may be no more orders down there left, and furthermore, when it breaks those traders will help fuel the move down because they'll be long and wrong and want out. But such levels do exist, and the market does care about them in the sense that it reacts to them. So I'm broadly in agreement with you, but they do form part of the process of price movement, and so then I wouldn't want to ignore them.
  • #46,282
  • May 24, 2014 5:59pm May 24, 2014 5:59pm
Quoting SupraSense
{quote} That's fine. Yes just because it held one time doesn't mean it will hold the next time. But then that's likely to be the first type of support I mentioned. There were orders there. The orders had an effect, but they're filled now. There may be no more orders down there left, and furthermore, when it breaks those traders will help fuel the move down because they'll be long and wrong and want out. But such levels do exist, and the market does care about them in the sense that it reacts to them. So I'm broadly in agreement with you, but they...

I am not saying that they do not exist. I am saying that even at S/R the biggest orders win, just like anywhere else on the chart. I understand where you are coming from because that's how many interpret the market. But even at places where there is congestion the biggest orders win, and it's something I had to learn so i really don't care much about the chart anymore, the biggest orders eat the smaller orders and the price moves. S/R and all those others thing I don't bother with too much, just what happen there. It's tricky to explain sometimes because my style of trading is different.


I think the only way I can describe how I trade is like a pit trader that use to be on tv. When the pits are live and action is happening that's when I trade, everything else I don't really care about much, I just go with the flow.
Being a trader is lonely, but being a great trader is lonelier still
  • #46,283
  • May 24, 2014 6:12pm May 24, 2014 6:12pm
Quoting saneblane
{quote} I am not saying that they do not exist. I am saying that even at S/R the biggest orders win, just like anywhere else on the chart. I understand where you are coming from because that's how many interpret the market. But even at places where there is congestion the biggest orders win, and it's something I had to learn so i really don't care much about the chart anymore, the biggest orders eat the smaller orders and the price moves. S/R and all those others thing I don't bother with too much, just what happen there. It's tricky to explain...
Sure. No arguments from me. Orders move price. If there are sufficient sell orders to overcome a mass of buy orders then price will go down.

Anyway, nice chatting to some fellow traders. Good luck all.
  • #46,284
  • May 24, 2014 6:22pm May 24, 2014 6:22pm
Quoting SupraSense
{quote} Sure. No arguments from me. Orders move price. If there are sufficient sell orders to overcome a mass of buy orders then price will go down. Anyway, nice chatting to some fellow traders. Good luck all.

Yea man, may the Pip be with you, Good luck.
Being a trader is lonely, but being a great trader is lonelier still
  • #46,285
  • Edited May 25, 2014 12:31am May 24, 2014 11:52pm | Edited May 25, 2014 12:31am
@ Trad8.
may I ask you, if you visit aelphi, can you check see if this super reference disc is still have?
I no find mine.
Listening video not accurate.

regards
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  • #46,286
  • Edited 12:14am May 25, 2014 12:00am | Edited 12:14am
just show you what i missing.

Thousands of Songs.
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Problematic woman.
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Floating snow.
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welcome back.
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A chinese Ghost story.
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  • #46,287
  • Edited 12:35am May 25, 2014 12:17am | Edited 12:35am
Quoting fti
just show you what i missing. Thousands of Songs. http://www.youtube.com/watch?v=jHM3b8XqUA4 Problematic woman. http://www.youtube.com/watch?v=Wh-djy8rw0o Floating snow. http://www.youtube.com/watch?v=JiA4ZEoAsLQ welcome back. http://www.youtube.com/watch?v=Mpl4P2MdbFo
i like these songs much, thanks fti . when i was a very young boy, my mum used to tuned in to fm radio for these songs.. think some was sung in chinese lyrics but me nvr knew the name nor the singer

floating snow & thousands of songs
THE ALL is MIND; The Universe is Mental
  • #46,288
  • Edited 1:23am May 25, 2014 12:46am | Edited 1:23am
Quoting Jacque
{quote} i like these songs much, thanks fti . when i was a very young boy, my mum used to tuned in to fm radio for these songs.. think some was sung in chinese lyrics but me nvr knew the name nor the singer floating snow & thousands of songs


Thousands of song was transposed from Japanese song.
Anita mui had big fight with pricilla over the song.
anita sang different lyrics. also different name.
see if i can find.
which version your mom listens?

Sunset song
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Anita's very brave girl.
I think this was may be her last concert before succumbing to cancer.
even her style say bye bye was strong hor.


let me guess, pricilla's this version?

Thousands of song.
Inserted Video


regards
  • #46,289
  • May 25, 2014 1:11am May 25, 2014 1:11am
Quoting fti
{quote} Thousands of song was transposed from Japanese song. Anita mui had big fight with pricilla over the song. anita sang different lyrics. also different name. see if i can find. which version your mom listens? Sunset song http://www.youtube.com/watch?v=b3dP-8Ti6x8 let me guess, pricilla's this version? Thousands of song. http://www.youtube.com/watch?v=UXBOfMyv3FA regards

is this fm channel no allow dialects

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THE ALL is MIND; The Universe is Mental
  • #46,290
  • May 25, 2014 1:29am May 25, 2014 1:29am
Quoting Jacque
{quote} is this fm channel no allow dialects http://www.youtube.com/watch?v=SJL7Nkk_V-4
Oh
didn't know had a LeeYeeJin version.
must be behind waves.
This song was quite a hit. Topped many billboards in the late 80s and early 90s.


regards
  • #46,291
  • May 25, 2014 1:38am May 25, 2014 1:38am
Quote
Oh
didn't know had a LeeYeeJin version.
must be behind waves.
This song was quite a hit. Topped many billboards in the late 80s and early 90s.

haha yea, maybe is 3rd wave lol

butterflies all around - mandarin chinese version of floating snow

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THE ALL is MIND; The Universe is Mental
  • #46,292
  • Edited 1:59am May 25, 2014 1:49am | Edited 1:59am
Quoting Jacque
{quote} haha yea, maybe is 3rd wave lol butterflies all around - mandarin chinese version of floating snow http://www.youtube.com/watch?v=Jv0lOZ8MdEY
those i posted also is chinese. Is in cantonese.
The chinese ghost story is in mandarin.
want listen fuzhou version?



regards
  • #46,293
  • May 25, 2014 2:01am May 25, 2014 2:01am
Quoting fti
{quote} those i posted also is chinese. Is in cantonese. The chinese ghost story is in mandarin. regards
arh? opps.. yea.. me think me is get it now. chinese lyrics, sung in canto and chinese lyrics sung in mandarin, also have chinese lyrics sung in hokkien/min nan yu

ooo.. there is fuzhou version? sure please
THE ALL is MIND; The Universe is Mental
  • #46,294
  • Edited 2:50am May 25, 2014 2:11am | Edited 2:50am
Quoting Jacque
{quote} haha yea, maybe is 3rd wave lol butterflies all around - mandarin chinese version of floating snow http://www.youtube.com/watch?v=Jv0lOZ8MdEY
wow, sea goddess princess puppet version.
cool.

this in minnan aka hokkien. also chinese.
WongFengYi, she very talented puppet master.

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regards

Oh by the way kali ang ngah song is in western kwangtong(canton) dialect , is a little different from eastern canton and HK.
Is called kwangSi. si means western. Kwangtong, tong means northern. thousands years, every dialect trying be dominant.
same as TA. invent new ways, want carry TA.everybody Technical Analyst. In fact true T analyst is chartist. Chartist reads patterns, lines also patterns. Same as birds, chicken also is a bird. Only it cannot fly. Is a non flying bird.
  • #46,295
  • Edited 4:40am May 25, 2014 3:24am | Edited 4:40am
Quoting fti
{quote} wow, sea goddess princess puppet version. cool. this in minnan aka hokkien. also chinese. WongFengYi, she very talented puppet master. http://www.youtube.com/watch?v=gh4jEyGVDbI regards Oh by the way kali ang ngah song is in western kwangtong(canton) dialect , is a little different from eastern canton and HK. Is called kwangSi. si means western. Kwangtong, tong means northern. thousands years, every dialect trying be dominant. same as TA. invent new ways, want carry TA.everybody Technical Analyst. In fact true T...
Come think about it. World is a big deceiving con.
You know, now the new lazy(simplified) chinese words, some words i cannot read. Too rigid to change. Old dogs and new tricks.
then there is always some connish smart kid, inflate price of things , subsidise em they want to, and leave a big pool of poverty left behind, scratching their heads.
You know, none my old software works any more. Not that the binary languaged had changed.
But they change things so that they create new need for spending. Is called making markets.

Was reading earlier some tier 1s talking all sorts. Wish some one could summarise what they discussed.
But i not so rude as to ask em do that. i guess. Is not possible. Otherwise we could all eat shit instead of food. The nutrients all still present in some composition. Maybe is easier eat shit. no need cooking and marinate, no need waste time and energy chew, just swallow.
They seem not understand whats the meaning of OTC and free markets.
I guess they never made markets before.
You know in dd/ss markets there no such thing as price infractions.
In OTC markets prices are infracted all the time.
So i not understand what they talking about market liquidity.
The principal market makers, we provide the liquidity.
Think a little lor.
if i want squeeze the mulla out of you if you come on radar.
I'll make a desert and You finished , try understand that.,
everyone will need migrate to the oasis.
Follow big guns flow is wise,but big guns will never show you their gun, only the bullet when you feel it penetrate you.

regards
Even music, used to be mastered with some headroom, now eveyone masters it to clipping.
only problem is they not the ones listening to the music.
seems no one gives a toots about others anymore. Selfish has come a long long way.

another thing, now i cannot even be happy and gay.
If i say i gay, they think I'm queer.
All my life mentors tell me, be happy and GAY.l

don't believe?
listen
make the utide what? GAY? dang.
have a meery gay christmas everyonne. and watch your behind.
nono , not wash. watch.



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  • #46,296
  • May 25, 2014 4:45am May 25, 2014 4:45am
http://www.music-bazaar.com/world-mu.../True-Classic/
don't predict direction, but dance with flow of water
  • #46,297
  • May 25, 2014 4:55am May 25, 2014 4:55am
https://itunes.apple.com/us/artist/p...han/id42059214

http://culture-in-criticism.blogspot...sands-and.html

http://www.amazon.com/Priscilla-Chan/e/B001LH4YGC
don't predict direction, but dance with flow of water
  • #46,298
  • Edited 5:32am May 25, 2014 5:04am | Edited 5:32am
Quoting Jacque
{quote} arh? opps.. yea.. me think me is get it now. chinese lyrics, sung in canto and chinese lyrics sung in mandarin, also have chinese lyrics sung in hokkien/min nan yu ooo.. there is fuzhou version? sure please
Canton version.
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regards

ok for u ,jacque.
shirley , don't worry baby.

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  • #46,299
  • May 25, 2014 5:54am May 25, 2014 5:54am
Quoting fti
{quote} Canton version. http://www.youtube.com/watch?v=8k5nvpEU5vg regards ok for u ,jacque. shirley , don't worry baby. http://www.youtube.com/watch?v=8rixpGHxCBk http://www.youtube.com/watch?v=tSSlDEkMHUo http://www.youtube.com/watch?v=IkEJ2ISD2eI
no worries baby!

cheers



Inserted Video

is a modern version of the song - she seems very talented, the last i know, was under the tulege of tao ze.

opps the above song.. me no "gay", the gay that peeps nowadays think

but me is gay listening to the song
THE ALL is MIND; The Universe is Mental
  • #46,300
  • May 25, 2014 6:03am May 25, 2014 6:03am
Quoting Jacque
{quote} no worries baby! cheers http://www.youtube.com/watch?v=IwpQc...st=WL&index=65 is a modern version of the song - she seems very talented, the last i know, was under the tulege of tao ze. opps the above song.. me no "gay", the gay that peeps nowadays think but me is gay listening to the song
oh the liuGang song?

Inserted Video


regards
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