Reply to: Next stop for FTSE

[HairyArsedBloke]

I had a profitable week shorting using the 'dartboard theory'

I've got an automated trading system somewhere here that does random entries into the market. Purely random timing and direction.

IT MAKES MONEY*

The trick is in the trade and cash management. The old saying "cut you losses short and let your profits run" is the key here.

* it is not in production. It was only written as demo.

[cupidstunt]

Bob, were you once Richard AF or whatever he was called? You seem to share a lot of his traits.

Reminds me of DBA_Bloke

Quite funny some of the time

[Bob Dalek]

Bob, were you once Richard AF or whatever he was called? You seem to share a lot of his traits.

Bob's the name, though Dalek is, I admit, not my true surname: it's Davros.

Incidentally, you smell.

[Bagpuss]

Bob, were you once Richard AF or whatever he was called? You seem to share a lot of his traits.

[Bob Dalek]

That Darren Brown book tricks of the mind was good on that.

Derren

[ace00]

Ok Ravello, you have the last word. You're obviously far more intelligent than me

So it would seem. TA is simply market psychology applied, nothing to do with business fundamentals. I'd go further and say that the combination of TA, herd mentality and stupidity is responsible for the non-functional markets we see now. It's all your fault Santa Claus, you and your evil elves.

[SantaClaus]

I had a profitable week shorting using the 'dartboard theory'*... Your point is?

*I'd have made more but I had to throw again when it landed on a bank.

Ok Ravello, you have the last word. You're obviously far more intelligent than me

[Ravello]

Funny that, cause I had a very profitable week from applying technical analysis.

I had a profitable week shorting using the 'dartboard theory'*... Your point is?

*I'd have made more but I had to throw again when it landed on a bank.

[SantaClaus]

So go post on a financial forum instead, and watch them laugh at your basic grasp of retracement and pivot points. Next thing you'll be wittering about the application of Bollinger Bands and Elliot's Wave Theory :yawn

The problem with technical analysis is not the various flaws and exceptions to the rules, but the halfwits who don't acknowledge the weaknesses and blindly apply them ad nauseum.

It's a self-fulfilling prophecy.. There will (almost) always be some sort of market reaction at each of the retracement points since so many applications have them coded in, does that actually tell you anything of value?

Funny that, cause I had a very profitable week from applying technical analysis.

[Ravello]

Oh sorry, this is a boring IT forum.
You better get back to your job whilst it still exists

So go post on a financial forum instead, and watch them laugh at your basic grasp of retracement and pivot points. Next thing you'll be wittering about the application of Bollinger Bands and Elliot's Wave Theory :yawn

The problem with technical analysis is not the various flaws and exceptions to the rules, but the halfwits who don't acknowledge the weaknesses and blindly apply them ad nauseum.

It's a self-fulfilling prophecy.. There will (almost) always be some sort of market reaction at each of the retracement points since so many applications have them coded in, does that actually tell you anything of value?

[ratewhore]

Santa and HAB make me laugh. It's the result of a narrow technical training and lack of real education.

I have a picture in my mind of home based day traders sat at their desks in their shreddies.

Not nice...

[BrilloPad]

It's human nature to see patterns where there are none.

That Darren Brown book tricks of the mind was good on that.

[Cyberman]

Are you OK CyberMan - its not like you to be pessimistic ?

The thing is - it takes a wee while for rate cuts to have an effect. They couldnt do this a year ago because of concerns about inflation.

My advice is to transcend the mundane duality of Buying and Selling and take refuge in Heaven.

Chant - Hare Krishna - Hare Ramma - Hare Hare

Chant - Hare Hare FTSE index - Hare Ramma - London Bus- Hare Hare - Derivative Trading -Hare Hare Ladies Lavatory

A year ago inflation could be safely ignored because we were already well into the credit crunch, the USA had made drastic rate cuts in June 2007, and you are right, the effects of a cut take 6 months or so to take affect. All the more reason to cut a year ago by 1% IMO.

[sasguru]

I'm too busy rounding up the animals. Damn swans have escaped again.

[HairyArsedBloke]

Santa and HAB make me laugh. It's the result of a narrow technical training and lack of real education.

Hardly use TA these days.

I'm more of an old school - "these look cheap, we're 'ave them" sort of guy.