Technical Analysis = Astrology?

Sean K · 22 April 2007

onemind said:
Golly geepers kenny, eat me..

You're still at Uni, right? And never traded? Been banned on some other forum? The name's kennas, please ditch the y. Cheers.

I can't believe how much band width this has taken up.

onemind · 22 April 2007

As for technical analysis, sure, a lot of it is bunk, it has to be. But the challenge is to find a unique approach that works for you.

Of course, i know where i'm at and certainly havent given up.

. If you are already set in your perspectives and paradigm, what’s the point of ramming an inflexible view around the net. Maybe a bit of stirring, but that’s about it.

Its all part of my research. I was just interested to hear what fellow traders had to say about my view on various markets, not trying to win bonus points in debate or anything. Just another forum post to me, nothing serious and i'm not trying to win converts because i couldnt care less what other peole think..

Sean K · 22 April 2007

onemind said:
i couldnt care less what other peole think..

Classic , why post?

onemind · 22 April 2007

I can't believe how much band width this has taken up.

Wow, a whole 20kbs, you cant be that rich if you cant afford it kenny

onemind · 22 April 2007

Classic, why post?

It means I couldnt care less if other people agree with my view or not. I post to learn..

I cant be fegged wasting my time with yet another pedantic, patronising trading legend wannabe..

Magdoran · 22 April 2007

onemind said:
Thanks Mag.

But why patronize me? I have read the books you have read. Van Tharpe, wizards and all the rest of them. I have searched many many forums and read tons of threads. I have posted on many foums and asked tons of questions. I have paper traded stocks, forex, futures.. I have did the maths, stayed up late with excel, metastock, tradesim and many other apps. I have written my own software..

The list goes on and on and on..

I didnt come to my conclusions lightly.

Personally i find all the psychology stuff so cliche. If i hear the word psychology one more time i will eat my laptop. Thats all you ever hear on forums. Every wise guy reading star charts telling you that psychology is 80% and money management is 90%.

Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,Psychology, money management, psychology, money management,

I get it i get it. I have read the same blogs as you. I have paper traded for large profit. I have turned a $500 real money forex account to $1230 in 1 week and lost the lot in the next 2 days.

All i have learned has led me to random walk and the falsification of technical indicators.

You guys just seem to find my conclusion premature, immature, unexperienced and feel the need to patronise me over and over until i agree with your views because then of course i would be right if i thought like you.

The bottom line is, i dont think like you. I think gann was a kook. I think most of t/a is astrology and my new approach to trading is more realistic, more business like and more in line with the big players who succeed ultimately in this game.

So again, thanks for actually trying to post something positive to me after all your put downs, appreciate it. But again, to each their own..

-----

Golly geepers kenny, eat me..

onemind,

I was not being patronising. You imposed this view, not me. Why would I bother to do that, gets me nowhere and you nowhere? Either you are a person in distress, or are just tugging chains. I’m giving you the benefit of the doubt that you are sincerely in turmoil.

I was actually trying to genuinely help you. If you can’t accept that from the people here with a good grace, then you have burnt bridges for yourself. Your choice.

Have you read Douglas??? If you have, why do you think this isn’t helpful exactly?

If you think Gann is bunk (fine with me if you believe this, it may not suit you), but have you read all my posts? Hey, bring it on and tear me to shreds… maybe you can teach me something.

Have you seen all of Bill McLaren’s DVD sets in full and really studied them? If not, how do you know they’re wrong? They worked for me, best material I’ve ever accessed… again read the posts and make up your own mind…

But this is just my personal unique viewpoint. Others on ASF have ventured some really interesting approaches too, maybe one of these may work for you. There are a host of really good people on this site that have been posting for years too, and I bet you haven’t read half of them, have you?

The fact you made a loss needs to be evaluated. Why did it happen? Was it risk management, maybe it was flawed thinking at some level rather than random walk in action? If you really expect me to believe you have tried everything to a sufficient level, I take my hat off to you. I still have years to learn material and will probably die before I get it all done…

As for me posting put downs, you got what you asked for. Read my posts from post 1 and see what kind of person I am. I have gone out of my way for no reward other than the satisfaction of helping others in a variety of fields for genuine polite and positive people. But when faced with negativity I just won’t stand for it. It’s that simple.

Treat others with respect, and they may reciprocate. Pretty simple really, wouldn’t you agree?

Mag

Magdoran · 22 April 2007

kennas said:
Classic , why post?

Spot on Kennas!

Sean K · 22 April 2007

onemind said:
It means i couldnt care less if other people agree with my view or not. I post to learn..

I cant be fegged wasting my time with yet another pedantic, patronising trading legend wannabe..

Well, I hope you learn something here. I certainly have! And congratulations on getting the best minds on the forum to respond to you: WayneL, Professor Fink, tech/a, Magdoran, markaumau, chops, stox....sorry to have missed anyone. You've obviously stirred something up. Now, the manged funds I recommend are.....

onemind · 22 April 2007

snore..

I'm done with this forum.

WayneL, Professor Fink, tech/a, Magdoran, markaumau, chops, stox....

Best minds? There are better on the net..

I will leave now before you read my star sign.

Happy trading

motorway · 22 April 2007

and my new approach to trading is more realistic, more business like and more in line with the big players who succeed ultimately in this game.

Can We look forward to a thread called "realistic trading" ?
Where You share something of yourself , Your insights and approach ?

What is the defining definitive characteristic that these "big players" have that allows them to ultimately succeed ?

And in what way can little players be successfully like them ?

How do producers hedgers and speculators differ ?

Someone speculating on Gold ?
A user of the metal Hedging their future demand ?
A producer forward selling Gold they already own but currently in the ground ?

motorway

Magdoran · 22 April 2007

kennas said:
You're still at Uni, right? And never traded? Been banned on some other forum? The name's kennas, please ditch the y. Cheers.

I can't believe how much band width this has taken up.

Hi kennas,

I was bored the other night watching the European indexes and the LME futures, and needed to stay awake long enough… hence thought I’d have a little fun.

Then I realised this guy may have serious problems… or is a sociopath… hence felt compelled to suggest a positive path… but if no positive response comes back will move to ignoring silly comments…

Oddly enough controversy can generate interesting responses, and perspectives. A person putting up a radical/unorthodox view can stimulate some unique responses, but it’s probably better when the person is like the Duc in my view…

Mag

Magdoran · 22 April 2007

onemind said:
snore..

I'm done with this forum.

Best minds? There are better on the net..

I will leave now before you read my star sign.

Happy trading

onemind,

You are a gem. A paragon of virtue, aren’t you?

You’re done with this forum because you’re out of your depth.

Forget trading, with an attitude like yours you are doomed to failure.

Ever heard of a “troll”. Well, you’re getting close to wearing that badge.

I actually think you are a deeply troubled person, and maybe you will find the help you need from someone.

Sean K · 22 April 2007

Magdoran said:
Oddly enough controversy can generate interesting responses, and perspectives. A person putting up a radical/unorthodox view can stimulate some unique responses, but it’s probably better when the person is like the Duc in my view…Mag

Well, you need a brain to generate the responses that this character has so I'll give that to he/she/it. Well done! That's what I love about this place.

onemind · 22 April 2007

Well, half a brain and no heart as discovered on reefcap along with my sociopathic personality..

Anyone else want to psycho analyse me?

Why does everyone think they are dr phil and pillars of sanity?

Most traders are nuts..

wayneL · 22 April 2007

Magdoran said:
“troll”

Trolls need to be fed, without feeding they shrivel up and go away.

Choice is ours (other members of ASF) to feed or not. Let's see.

CanOz · 22 April 2007

onemind said:
Glad you like it

Hopefully you got something useful out of it.

If you are interested, I posted the same thing on other forums. One forex and one commodities just to see the different perspectives of traders on other markets.

Here is the forex one: http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=16;t=008339;p=1

And i'll have to look the other one up in a sec.

Its interesting to note that most of the forex traders were in agreement, a little less were in commodities and a lot were against it in stocks as demonstrated

I think the reason for this is because the forex is probably the closest thing on the planet to perfect competition with its liquidity and 2 trillion dollar size making this stuff obvious to forex traders. Next the commodities like wheat ect have price takers and again are pretty close to perfect competition but with things like weather and government trade polocies ect having its effects leads some traders to dispute my random theories. Lastly, the stock traders are adamant that there are repeatable patterns, especially in ASX because of its tiny size and the ablity of investors to know more about companies etc leads them to believe in even bigger inefficiencies that supposeddly show up in the price charts which they think they can exploit. Which is ironic considering the book used stock data.

P.S Here is a link on an obscure forum just to see what the king of forex backtesters had to say about it:http://forum.forexsb.com/viewtopic.php?pid=391#p391

It will be interesting to see what these guys say

I think I have been pretty thorough and have got a lot closer to cracking this nut

Have fun..

Ahhh, i meant that i enjoyed the responses to your antagonistic prodding.

For some reason everyone has been so patient with you, and i'm impressed with the way they've responded.

This forum is a community, they (the elders if you like) welcomed you and your debate into the community.

But i get the feeling your doing this as some kind of experiment, or paper?

Surely you must have better things to do?

cheers,

Kimosabi · 22 April 2007

wayneL said:
Trolls need to be fed, without feeding they shrivel up and go away.

Choice is ours (other members of ASF) to feed or not. Let's see.

I thought I get this in before this thread gets locked.

This is just silly...

ducati916 · 22 April 2007

Actually, it shouldn't really matter whether he is a troll or not, that is entirely irrelevent.

What should matter is that if he is in point of fact incorrect, that you should be able to demonstrate with a logical, coherent argument and demonstration that he is in point of fact incorrect.

The claim is a *random walk*.

This should be easily shown to be *misguided* and the factors that underlie the *proof* demonstrated via referenced material & evidence.

jog on
d998

yogi-in-oz · 22 April 2007

onemind said:
Now you are just being funny..

... not at all !~!

Having an "open mind", instead of "onemind",
may be the greatest asset, that any trader
can have, period ...

have a great weekend

paul

onemind · 22 April 2007

No, i think having critical thinking skills are better than being so open minded that your brain falls out.

Actually, it shouldn't really matter whether he is a troll or not, that is entirely irrelevent.

What should matter is that if he is in point of fact incorrect, that you should be able to demonstrate with a logical, coherent argument and demonstration that he is in point of fact incorrect.

The claim is a *random walk*.

This should be easily shown to be *misguided* and the factors that underlie the *proof* demonstrated via referenced material & evidence.

Now there is your best brain on this forum.

I have found it is a lot easier for people in their unexplainable comfort zones to label any anomaly in their philosophy a troll rather than having to actually use their brain.

The same things come out of these peoples mouths, the same bs canned responses.

Money management, psychology, money management, psychology, troll, troll, troll..

Yes, i'm sitting under my bridge as we speak charging people a toll to cross..

coherent argument and demonstration that he is in point of fact incorrect.

Ahh but, their methods are beyond science and are unexplainable parts of conciousness that can only be proved by demonstration, and i'll be damned if i am going to demonstrate something that took me 20 years of hard work to discover. But i will use the excuse that i am a forum elder here to answer questions, but only ones where i can quote the same cheesy money management and psychology lines that are in every trading book, blog, website, seminar ect ect..Nothing actually useful will be shared..

Technical Analysis = Astrology?

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