F
fibo_trader
The fascination with India has good reason besides those mentioned already ................
for TA most invaluable lesson learned was totally unrelated and told to me in Rajasthan during travel when I ran into a village monk, a sadhu who invited me to tea. We sat on the floor and all I did was listen and listen and listen. I was transfixed. He said, "you will need this fortification for later in life when the tsunamis come knocking at your door - when facing an insurmountable problem that dwarfs you, your best resort is to dig down to absolute basic-basic, something you are so sure of that you would bet your life on it - then from there you derive forward and soon you will have the problem licked"
Only an Indian could come up with this Math problem that would send a fellow like me diving deep down to basic-basic to meet my maker, my core engine, then start from there and derive forward ......................
starting from first principles and without the use of computers, calculators, etc., prove that
cot 7.5 degrees = root 2 + root 3 + root 4 + root 6
Such is the power of visiting basic-basic. For us fellas trading, what might be basic-basic? TA 101 minus 1000 = ground zero = the straight line
Now apply to the entire rally of Dow Jones or SPY from Christmas low. Only one line reqd. Line broke, I called the warning top of rally on SPY. This is at least a WAVE top call, not necessarily a market top. But look at the points the trader would pocket. I should have followed my own advice and not started shorting till then. Shoulda, woulda, coulda, it stinks, more lessons to learn on application of basic-basic for me. A certified dummy I am.
for TA most invaluable lesson learned was totally unrelated and told to me in Rajasthan during travel when I ran into a village monk, a sadhu who invited me to tea. We sat on the floor and all I did was listen and listen and listen. I was transfixed. He said, "you will need this fortification for later in life when the tsunamis come knocking at your door - when facing an insurmountable problem that dwarfs you, your best resort is to dig down to absolute basic-basic, something you are so sure of that you would bet your life on it - then from there you derive forward and soon you will have the problem licked"
Only an Indian could come up with this Math problem that would send a fellow like me diving deep down to basic-basic to meet my maker, my core engine, then start from there and derive forward ......................
starting from first principles and without the use of computers, calculators, etc., prove that
cot 7.5 degrees = root 2 + root 3 + root 4 + root 6
Such is the power of visiting basic-basic. For us fellas trading, what might be basic-basic? TA 101 minus 1000 = ground zero = the straight line
Now apply to the entire rally of Dow Jones or SPY from Christmas low. Only one line reqd. Line broke, I called the warning top of rally on SPY. This is at least a WAVE top call, not necessarily a market top. But look at the points the trader would pocket. I should have followed my own advice and not started shorting till then. Shoulda, woulda, coulda, it stinks, more lessons to learn on application of basic-basic for me. A certified dummy I am.
