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Technical Analysis Fallacy

  • #56,281
  • Oct 31, 2016 2:32am Oct 31, 2016 2:32am
hahahahahahahahahaha ????
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  • #56,282
  • Oct 31, 2016 2:34am Oct 31, 2016 2:34am
eeeer on second thoughts?
eeeeeeeeeeeer......


ok next investment scheme please.....


eeeer product packaging skills,,,,,,, anyone?


regards
  • #56,283
  • Oct 31, 2016 2:52am Oct 31, 2016 2:52am
Quoting fti
{quote} eeer long put is not a strategy. is a wasting/depreciating asset. AKA liability. Over time it amortises to zero, but one can get lucky, maybe. Is same as medicte insurance schemes. do you buy 4D. Is same strategy. but maybe too harsh, Some lucky people may need it one day. Bought war insurance yet? Upon war will be lifted, hahahaha to alien spaceship.hahahahaahahahahahahaha AKA bunker? ai ya lots mad people. raging mad. maybe only deceived only. plant durian on space ship? regards
thats the conclusion i came to also, with a single long put or call, it is hard to get an edge.

short sword mo is needed to complement this to be employed properly, then extra complementary strategy can be used recover the time decay. in the end i believe it should end up as a very weird butterfly of sorts, while actively conducting short sword mo.

the combination of long sword and short sword i believe has an asymmetric p&l profile skewed to profits.
  • #56,284
  • Edited 11:07am Oct 31, 2016 2:55am | Edited 11:07am
Quoting CookieMonsta
{quote} thats the conclusion i came to also, with a single long put or call, it is hard to get an edge. short sword mo is needed to complement this to be employed properly, then extra complementary strategy can be used recover the time decay. in the end i believe it should end up as a very weird butterfly of sorts, while actively conducting short sword mo. the combination of long sword and short sword i believe has an asymmetric p&l profile skewed to profits.
eeeer wahhhhh
two swords warrior?

respects.

regards
  • #56,285
  • Edited 3:20am Oct 31, 2016 2:58am | Edited 3:20am
Quoting fti
{quote} eeeer wahhhhh two swords warrior? respects. regards
i had the intuition options will allow me to do that from the start, thats why i decided to study options, in conjunction with short sword mo provided here.

i believed your mo, is more powerful than whats presented here. i think you hinted before in the thread.
  • #56,286
  • Edited 9:21am Oct 31, 2016 3:21am | Edited 9:21am
Quoting CookieMonsta
{quote} i had the intuition options will allow me to do that from the start, thats why i decided to study options, in conjunction with short sword mo provided here. i believed your mo, is more powerful than whats presented here.
a tool is a tool.

the right tool in wrong hands, works same?

experience vs knowledge.
This the reason why , all my life i pour tea for sifu.


hehehehe

regards
  • #56,287
  • Oct 31, 2016 3:31am Oct 31, 2016 3:31am
Quoting fti
{quote} a tool is a tool. the right tool in wrong hands, works same? experience vs knowledge. This the reason why , all my life i pour tea for sifu. hehehehe regards https://www.youtube.com/watch?v=AHQBXBHe7AY
some tea susu
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  • #56,288
  • Edited 9:22am Oct 31, 2016 3:56am | Edited 9:22am
Quoting CookieMonsta
{quote} some tea susu {image}
ahhhh 謝謝 my friend.

regards
  • #56,289
  • Oct 31, 2016 4:08am Oct 31, 2016 4:08am
Time for bee ko moi plus geng geng

http://www.bakewithpaws.com/wp-conte...161802crop.jpg
  • #56,290
  • Edited 10:13am Oct 31, 2016 4:13am | Edited 10:13am
Quoting skyway
Time for bee ko moi http://www.bakewithpaws.com/wp-conte...161802crop.jpg
hahahahahahahaha
susu cham 紅荳水 ???

hahahahaha 謝謝 lor.

regards

eeeeeer no mor mor cha cha?

https://i.ytimg.com/vi/VPyZzbOavfc/hqdefault.jpg
  • #56,291
  • Oct 31, 2016 7:20am Oct 31, 2016 7:20am
Quoting fti
{quote} ahhhh 謝謝 my friend. regards eeeer susu??? https://www.youtube.com/watch?v=y2SZPb7UUtc liam liam leh https://www.youtube.com/watch?v=uY-Lpa5pJTg
  • #56,292
  • Oct 31, 2016 10:07am Oct 31, 2016 10:07am
Quoting fti
Any SuAnn fans, live event. https://scontent-sit4-1.xx.fbcdn.net...41&oe=58177E2E https://scontent-sit4-1.xx.fbcdn.net...f7&oe=58177ADD
ok, this time can watch.
not wrong date

rgds
Fall in love with the process, and the outcome takes care of itself.
  • #56,293
  • Oct 31, 2016 10:17am Oct 31, 2016 10:17am
Quoting RelaxRay
{quote} ok, this time can watch. not wrong date rgds
{hug}
enjoy.
goodnite

regards
  • #56,294
  • Nov 2, 2016 12:17am Nov 2, 2016 12:17am
Hello FTI this is my first post. The thread is amazing, I appreciate that you have given a manual with which we can "learn to fish" I have been reading much in this thread. So far the number 1 concept I have acquired is to not be ridged.

I started reading Scientific interpretations of bar charts and I am having trouble. I see a graph picture in the book and it says x+y= possibly bullish or something like that and immediately I think that sounds to ridgid, you have no idea, I certainly wouldn't wanna buy ur patten Everytime it comes up.

I think what is happening is I am acting fearful of any bias, because I don't want to get attached to it and chase a mistake( I have been gambling addict in past) but I must have some bias in order to trade.

Could you offer advice on proper way to handle bias?

How should I apply scientific interpretations of bar charts to my trading? Reading it feels a bit overwhelming to me I think because I'm so new to this

Thank you.
  • #56,295
  • Nov 2, 2016 2:39am Nov 2, 2016 2:39am
Quoting FocusedTrade
Hello FTI this is my first post. The thread is amazing, I appreciate that you have given a manual with which we can "learn to fish" I have been reading much in this thread. So far the number 1 concept I have acquired is to not be ridged. I started reading Scientific interpretations of bar charts and I am having trouble. I see a graph picture in the book and it says x+y= possibly bullish or something like that and immediately I think that sounds to ridgid, you have no idea, I certainly wouldn't wanna buy ur patten Everytime it comes up. I think what...
You gave yourself the answer I think. You have learned a great lesson already - do not be rigid. Read the thread and demo while you do it as you only really learn in market and you can blow your head off if not careful but that takes experience.

Study everything FTI says at start of thread in particular make sure you really understand it - took me ages to begin to understand it.

Look at where orders may be sitting and look for potential traps - watch RoK and think about news events due or just past. Look at where strength is in the pushing and pulling. Learn by being in the market in the Now. Learn about different types of market - trending/ranging etc etc.

Let go and demo to learn.... it will come.

Hate to tell you - your post shows rigidity.

Regards

Alex
check out the terrain - follow never lead
  • #56,296
  • Edited 6:52am Nov 2, 2016 2:42am | Edited 6:52am
Quoting FocusedTrade
Hello FTI this is my first post. The thread is amazing, I appreciate that you have given a manual with which we can "learn to fish" I have been reading much in this thread. So far the number 1 concept I have acquired is to not be ridged. I started reading Scientific interpretations of bar charts and I am having trouble. I see a graph picture in the book and it says x+y= possibly bullish or something like that and immediately I think that sounds to ridgid, you have no idea, I certainly wouldn't wanna buy ur patten Everytime it comes up. I think what...
hi, focusedtrade,

just to understand where you are on the learning curve, could you describe your understanding of the dance? this is to understand if it is a mindset burnt out scenario. because from your reply, it seems like something psychological is holding you back from dancing. so because of the fear, you become rigid. a boardgame called risk, the thinking and management of troopers is not so unlike trading.

one way to help the mindset and inculcate in the mindset is to only trade with a very small sum of money which you are all right with losing all of it, and growing the mindaet of doing whatever it takes to win, even if it means taking some small losses as the position is no longer desirable, and you are in disadvantageous ground, there fore retreating is the best option or even flipping.

Dancing the market, managing your positions properly is the only lasting edge you can have in the market, so it's really you who are the edge and not the bar charts and patterns.
  • #56,297
  • Edited 5:45am Nov 2, 2016 5:18am | Edited 5:45am
Quoting FocusedTrade
Hello FTI this is my first post. The thread is amazing, I appreciate that you have given a manual with which we can "learn to fish" I have been reading much in this thread. So far the number 1 concept I have acquired is to not be ridged. I started reading Scientific interpretations of bar charts and I am having trouble. I see a graph picture in the book and it says x+y= possibly bullish or something like that and immediately I think that sounds to ridgid, you have no idea, I certainly wouldn't wanna buy ur patten Everytime it comes up....
hi focused,welcome

rigidity is a problem many people graple with.
rigidity of action is unavoidable.rigidity of mind can be overcomed.
like you said you can feel rigidity of system/action.
but you become unrigid when you actions are measured and corrective actions are taken.
measured mean you watching for signs if what you are doing is productive.
The results/book P&L tells.then the rigidity becomes unrigid because the human feel is not sidestepped.

So long as you measure the responds and not stay married to the rigidity you overcomes the scorpion.
We human have many senses,
unfortunately, markets no have smell,taste.some are privileged have sound, but feel is definitely there.
so rigidity, it will exist, so do we feels.
Then we correct.all suystems have 50% chance to be correct.
WE make our action nearer 100% correct, because we can intervene. VETO

regards

systems are rigid, but thats all we have.
managing systems needs an unrigid mind. ability branch from the system.
the more chance of repeat occurance, the more rigid we will hold to it.
but when there are signs of unproductivity , we must revisit the rigidity with corrective strategies.

and one can only detect that , ONLY when one is watching it.
any tool is only as good as its user.



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  • #56,298
  • Nov 2, 2016 6:15am Nov 2, 2016 6:15am
Quoting fti
{quote} ....rigidity is a problem many people graple with..... any tool is only as good as its user. https://www.youtube.com/watch?v=VU2Qs3qegow
Rigidity makes us fearful too. When we accept that we have no crystal ball fear diminishes........ but we have to really accept that and realise we are in charge of our own actions and responses to the market outcomes.

We can always study or take advice from books if they help us better understand price action/ traps/patterns/etc - but if the information in them is used with rigidity then they will be of no overall value and in fact could be more damaging. I think better to try to understand what lies behind the interpretations of price action patterns presented in such books and look at how the patterns form and take what is useful from the studies and dump what is not. Nothing will ever really be exactly as presented in a book or FTI would have taught us if a== b + c then do ? Also other peeps follow such book patterns.

Maybe a good newbie exercise would be to decide today I am gonna put out a scout long on eurusd in demo then based on what comes next in market decide what is best to do now with your scout and troops. Then do this each session either long/short and learn. Decide on long/short without looking at a chart. Just a thought. Remove all fear of making the initial decision.

Alex
check out the terrain - follow never lead
  • #56,299
  • Nov 2, 2016 6:21am Nov 2, 2016 6:21am
Quoting alexandria
{quote} Rigidity makes us fearful too. When we accept that we have no crystal ball fear diminishes........ but we have to really accept that and realise we are in charge of our own actions and responses to the market outcomes. We can always study or take advice from books if they help us better understand price action/ traps/patterns/etc - but if the information in them is used with rigidity then they will be of no overall value and in fact could be more damaging. I think better to try to understand what lies behind the interpretations of price...
{hug}

regards
  • #56,300
  • Nov 2, 2016 6:23am Nov 2, 2016 6:23am
In my opinion Technical Analysis is that thing that explain itself with its name, technical and analysis.
It is a way (tecnichal) to make an analysis, stop, not a system to make money on the market.
It helps but it's not enough.
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