trading futures on technical analysis with toocool

T

toocool

Well-Known Member
#51
#51
https://www.youtube.com/watch?v=FqfVEE--ySA&feature=youtube_gdata_player


In the last scene of Indiana Jones and the crystal skull movie this villain girl asks the alien for the ultimate knowledge, the aliens for some strange reason gives her all knowledge.......... More than she can handle ever............... The lesson is that we humans have limited brain capacity, we cannot know everything, more knowledge do not help always, specially in trading, it confuses and creates conflicts , however we want to know more but it's not a good thing in trading, you must find a niche for yourself and then stick to it for forever, you should find a single system and keep ways to improving it for the better, you cannot know everything and you don't need to know everything to make money

Become Master of that system and you will be the Master trader :thumbup:
 
Last edited:
T

toocool

Well-Known Member
#52
#52
https://www.youtube.com/watch?v=9CEr2GfGilw

it kept me awed for many many days when i watched this .you can really see that there is no manipulation in the animation , the statue is spinning no doubt but you can change its direction at your will anytime , the most scary/funny/interesting part is this that how the hell the right leg turns left and vice versa

to me its the proof that human mind is so complex that it can see whatever it wants to see , or is conditioned to see about anything in this world .
 
T

toocool

Well-Known Member
#53
#53


there is a bearish head and shoulder pattern in the making (most probably) on hourly as well as daily charts , a break of neckline below 5800 will confirm a top and lower levels , probably much lower than the pattern itself because it will also mark the reversal of the uptrend and a major downtrend should start .

the pattern itself will take more days to complete , probably till 1 october and will coincide with america debt ceiling issue , a break above right shoulder will negate this pattern
 
Last edited:
W

whisky

Well-Known Member
#54
#54
toocool said:


there is a bearish head and shoulder pattern in the making (most probably) on hourly as well as daily charts , a break of neckline below 5800 will confirm a top and lower levels , probably much lower than the pattern itself because it will also mark the reversal of the uptrend and a major downtrend should start .

the pattern itself will take more days to complete , probably till 1 october and will coincide with america debt ceiling issue , a break above right shoulder will negate this pattern
Click to expand...
Too Cool analysis:thumb:
 
T

toocool

Well-Known Member
#55
#55
just like a high tide raises all boats and a low tide lowers all .

the markets are a function of natural movement of the behavior of its participants , a good broad sentiment over all makes bull markets and a bad sentiment makes a bear markets , the degree of sentiments vary at various stages of the time , this is called socionomics and its a part of elliottwave analysis . i am a big believer of the theory .however i do not use it to trade the markets because its beyond my understanding , so i use mainly classical +modern TA to trade markets , but theory is very interesting and has educational value . the main person behind the theory is Robert Prechter , most of you guys know him . now elliottwave analysis(and socionomics) mainly ,most properly are seen working on longer term charts and its main drivers are known as positive social moods and negative social moods . its characteristics are as follows


"Positive mood/Negative mood(characteristics)

alignment/opposition
benevolence/malevolence
concord/discord
confidence/fear
constructiveness/destructiveness
daring/defensiveness
forbearance/anger
friskiness/somberness
inclusion/exclusion
optimism/pessimism
supportiveness/opposition
tendency to praise/tendency to criticize
togetherness/separatism

in the times of positive social moods all and everything seems fine , things look rosy and good news are all over , and infact even markets are in a bull run , society is generally feeling good too and hence people are not fearful of anything so they invest more and more money in businesses and economy is in growing state and hence stock markets are also rising.

and just the opposite ,when negative moods take control the things go worse , people are angry and , agitated , and due to that riots happen ,terrorism is more prevalent , moods are so down that entrepreneur stop hiring people for expansion and hence economy starts contracting and due to over all negativity , markets starts correcting

there are various degrees of these moods , namely , minor,minute,cycle, grand cycle, super cycle, grand super cycle etc
 
Last edited:
A

avny

Well-Known Member
#57
#57
T

toocool

Well-Known Member
#58
#58
just like a high tide raises all boats and a low tide lowers all .

the markets are a function of natural movement of the behavior of its participants , a good broad sentiment over all makes bull markets and a bad sentiment makes a bear markets , the degree of sentiments vary at various stages of the time , this is called socionomics and its a part of elliottwave analysis . i am a big believer of the theory .however i do not use it to trade the markets because its beyond my understanding , so i use mainly classical +modern TA to trade markets , but theory is very interesting and has educational value . the main person behind the theory is Robert Prechter , most of you guys know him . now elliottwave analysis(and socionomics) mainly ,most properly are seen working on longer term charts and its main drivers are known as positive social moods and negative social moods . its characteristics are as follows


"Positive mood/Negative mood(characteristics)

alignment/opposition
benevolence/malevolence
concord/discord
confidence/fear
constructiveness/destructiveness
daring/defensiveness
forbearance/anger
friskiness/somberness
inclusion/exclusion
optimism/pessimism
supportiveness/opposition
tendency to praise/tendency to criticize
togetherness/separatism

in the times of positive social moods all and everything seems fine , things look rosy and good news are all over , and infact even markets are in a bull run , society is generally feeling good too and hence people are not fearful of anything so they invest more and more money in businesses and economy is in growing state and hence stock markets are also rising.

and just the opposite ,when negative moods take control the things go worse , people are angry and , agitated , and due to that riots happen ,terrorism is more prevalent , moods are so down that entrepreneur stop hiring people for expansion and hence economy starts contracting and due to over all negativity , markets starts correcting

there are various degrees of these moods , namely , minor,minute,cycle, grand cycle, super cycle, grand super cycle etc

now people will ask , whats the proof of all these theories?
Click to expand...
most of the posts now will be filled with proofs .

positive social moods is all about feeling good about everything including personal life , and so on , so here is irrefutable proof that , social mood is the driver of the economies and hence the markets



the chart is a corelation of annual child birth rate in america and stock markets performance , thing to note is this that , never ever most population(of a country) is connected/invested in markets , and child birth rate is a nation wide phenomena/data , so one cannot say that markets booming means prosperity and hence more child births . we can clearly see that a social positive mood means more child births and a negative means and encounters less child births

also if one watches closely,the rise in markets (read rise in social social mood ) precedes the rise in child birth rates, and we all know it takes near 9 months for a child to be born , hence is the delay ;-)
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
A futures trading Beginners Guide 3
R What is In-the-money option in the futures and options trading market? Derivatives 0
helmet hermit Helmet Hermit's Trading Diary 2020 Equity futures(Single Stock) and Crude oil Trading Diary 57
G Currency futures day trading- best technical indicators ? Technical Analysis 2
T Technical Trading - Futures & Options Options 108

Similar threads