...you see why I awoke up at 3:30 am...fti is the best teacher around...all that is takes is to surrender to naked trading...which is not really easy...watch out!...he tell us that it takes 2 years to be proficient...a suggestion: keep your sizes small..
Thank you Lusan, you are a great help always, with your wisdom and prudence with money.
Did you made good $$ this run?
I noticed that you had to rest for an interview.
In regards to size, lets say manageable and affordable instead of small.
And for the training process, to be very correct I mentioned AT LEAST 2 years, and thats gauged from hands-on and face to face mentoring.So be wary , there are many lessons more that the market can teach. I hope I have the strength, to carry this training for many here. It behoves , that I should be able to finish, that which I started.
Thanks for the kind words, i have to admit, today's follow through action was a bit surprising, when i looked at the news blotter this morning or better lack there of, personally didn't think we would see any sustained move but she got rolling there wasn't any stop in her.
Dont really want to speculate about the whys and hows but it seems the CB's are defending the 1.6 level.
Your timing and entries, and the thought processes behind them are of great interest to myself and others here, but posting publicly can sometimes cloud the eyes and mind, trying to maintain the feel of the market and keep the posts current can be a daunting task . maybe a recap at the end of the day, when you feel a lesson is in the works would be better.
again thanks for taking the time and effort to help others.
sincerely,
a
Hi,
I note your end of day suggestion as also advocated by jest1081.
The reason why I am giving hands on live trade runs, is for the benefit of the people who are following closely and would be able to feel the pulse , as they rode along.Moreover it is my protocol and style which I used to train dealer with.I am confortable with it , only that my energies are not as they usd to be.And also that I worked with trade consoles with hords of pre programmed keys. Whereas now I am on the phone and platforms. In some ways there's much more that have not been developd for platform trading to deem it at professional levels.
Thanks for the suggest, will think about it a bit.
fti, have you considered a chat service? It may be simpler than updating this thread and time stamped logs can be posted here.
Oh, and your post about those computers brings back memories - I believe you were referring to the TRS-80 - also one of the first I was introduced to - however the Apple IIe came a bit later. I was playing around with an Apple II around that time.
I began to reminisce a little while ago and started purchasing some vintage computers. It's nice to have my babies back.
Hi Zoran,
Thanks for the suggestion.
I am thinking, now what is the diff between a chat service and this thread.
Wellreally I still have to do the typing, remember?, I have unpolished typing skills,
Mostly typing 3 fingers. And I would still have to flip between pages.
In my thinking , the bottle neck seems to be my energy level, and focus on the feel.
However over the weekend, I shall try to find a fix.
Yeah about those vintage comps , yes the apple was the precusor to te computers we use now. Back the I started with the ??? professor, the sinclair.then 2E, which I ported to the office and home on a travelling trolley, later the osborne "portables",
Bought a North Star "desktop" the size of a room. And now stopped at pentium 3s. I spent too much already on making the gates and ++ rich. You know I think my first microsoft software was the olympic games on the apple 2. Hes grown so much since then, and his business tactic questionable. People change when $$ creeps up their...
, I wished. Nothing near, my friend.
Although I have a personal relationship with the creator.
Mostly what my Dad taught me,and the creators invisible guidance throughout my life. How do you think I got to where I was. He made it happen, and I have a good life from it. It 's a wonder how "my way" the song I posted much earlier, relates to my feelings about my life. And I will not get into my adventures as a boy scout , later Scoutmaster......military flying ......
And how the creator , makes the challenges for me to conquer. Like for now I am experimenting with the retail side of forex training, unthinkable a few years back. I think he wants to keep me busy, because really I am one who cannot mellow away. See how things comes together. Have faith, we do have a creator.
So good to see this again, was on our morning brekkie show on tele last week. Put a smile on my face that lasted all day.
So good to see you all getting those pips last night. I miss out on New York session need my sleep as have day job. London session gives us decent pips though so i am happy.
Fti.... b4 this thread i would never have considered the 5m chart and now feel quite comfortable with it. It's the small things making a huge difference difference to my trading... focus on the now, no predictions or expectations.
be happy with slowly building skills that you have taught and the profits will come. (and they certainly are)
leigh am so sorry will miss you
joy
Hi joypips,
I understand , most people have other commitments in living. Don't worry too much about it, Go on your own pace. I am glad that the pips are coming in. If you can afford it, move up the ladder slowly, at yor own pace. Anyway , it difficult to master championship class swimming in the baby pools. But you must be prudent , you must "know thyself".
In many ways I admire many here, juggling jobs, family and the market. It takes much energies and commitment.
I'm dancing the long side of USDJPY again.
Nice move with the USD bulls.
@Good morning fti:
To the suggestions of jest and auxesis.
Yes it's a little egoistical but if I had a wish for free and if it is doable for you, I prefer your live trading sessions. As you mentioned before it is very helpful for me to get to the rythm of the market.
Have a successful day!
Hi MaMood,
Doing fine, just fisned riding the USD Bull to testing the EURusd support, Lets see how London plays the game today.
So really today eveyone knows the USD bias, its a question how the game will pan out. I guess many can handle it from here fine. Test yourself out. This is good training ground. Be nimble !
fti, if you really want to allow everybody to follow you then there are several options, one is a shared screen on the web with voice.. no typing. should be much faster.
before you consider that as an option I must warn you. I followed for a year a pro trader in similar environment, with 30 people in the virtual room. It was very good experience for the people who appreciated it but the trainer/trader got exhausted of all the negative people around. Now he has moved to paid service so that he can filter out the big mouth/no capital type of people. The ones that want to learn in a week and make $1000 into $100..0 (add as many zeros as you like).
to be honest I do not benefit from live trade posts because I am watching the markets at that moment (except to see how you think at various points in time depending on Price Action if I am not in myself). Especially good to see is what you do when you are wrong.. what i do benefit from is to follow up on how you do it and re-create the trades to see the structure and substance of your attacks and rescues.
good example was green_davids illustrated misfortune that you said how it should have been played out. learning by examples..
Hi picolo,
Thanks for your suggestion.
Sorry, web cam is very high security risk for me.
You see, I am old man, and must do away with unnecessary attention.
I have powerful enemies.
fti sir ,
i was readin the newspaper this morning , n noticed a Singaporean real estate agent had put up a big ad on specific luxurious apartment costing 6-7 mil sing dollars for 2500 sqft. area ...
is Singapore really that expensive ?? or this one apartment is probably at the top of the price range ...
Hey maheswara.
It is that "expensive" here. Why do you think that put us into bottles after we die. Having said that you should check out tokyo, NY, London, even seoul, you may be shocked. Anyway, value is in the eye of he beholder. ome people pay millions for a painting.
Thanks MaMood,
Its impact is seen in the cable now. The Eur crosses tears.
Looks like every one wants the Jap Eurodollars.
Just for clearification
"Eurodollars" are USD deposits outside the USA.
Eur/USD is called Eq pronounce as "E" "Q".
I don't think we should expect any live trade calls from Fti he has given us so much already in this wonderful thread. I think it is up to us to continue practising, learning and asking questions. Live trade calls are going to attract people with the wrong mindset who don't want to bother with the hard work and i would hate to see this thread destroyed, it is so precious.
Fti please continue to stretch our minds with your wonderful lessons and stories.
joy
and don't forget the music
Hi joypips,
People, please do not mistaken that I will undertake to lead yur trades.
There ain't no free lunches ,only dessert.LOL
I had already showed how to fish, you must make your own effort to learn and get your own dinners.
However , when interesting happens , and I have good energies, I may just take you for a walk on the greens. sometimes.LOL
What MaMood is doing is very noble.
He's providing leads to market fundamentals,wished, the financial media would behave like such.
omg, ive been scouting ard lately. I've much interest in park infinia and aalto at meyer rd. But i'm holding back due the the current market retracement,. I've much vesting intrest.
Hi
yeah bad time to buy, but its not getting any cheaper, anytime soon.
fti, my only concern is that you don't exhaust yourself because you are too valuable.
Hi picolo.
Thank you for your kind thoughts for me.
I will keep it in mind, as it is my scorpion that I do push myself too hard some times, esp when means justifies the ends.
However. let me tell you a short story.
My mum, she has an old antique table that my dad bought , loooong ago.
She loves it so much that , noones was allowed to use to.
It is keep in a "special corner of the house.
Not long after my dad, kicked the bucket.
we discovered that her prize was destroyed internally by termites.
It was very sad for her to have lost both her prized belongings.
The lesson there is, as if God's message was "Use it or loose it"
So it seems in life , whatever that doesn't kill you, only makes you stronger.
thats the motto in my life. " Be Prepared"
since we are talking I want to share something to get your comments or criticism.
when I hold a big position in the market with some attack or rescue troops in and the she turns against me.. and I can feel it that the impulse in opposite direction will continue I offload the position to re-enter at a better time, thus booking a temporal loss..
here is an example:
if i am long eurusd from 1.5950 and it goes down to 1.5930 and I feel like its a free fall till 1.5900 at least (even tho I am still euro bull and would not want to take a short), I offload the position and re-enter when it turns back in right direction. Thus this missed out exposure is same as if I would take a short from 1.5930 to 1.5900 and keep my original position open. Thus I actually short it by not being in the market.. hehe.
I don't know if I expressed myself in an understandable way. I hope you all got the idea.
Hi picolo,
yes, aside of the market is a position. Thats what many traders do not realise. It all depend on the timing and dance. When a dancer is motionless it doesn't mean that she is not dancing. Only that she has hit a patch of the dance where that was the required motion. BUT if she stay motionless , when the tempo comes into play then she's considered disorientated. This is similar in the context to trading.
regards.
You missed my point. Direction is the same but you just manage your position right.. you exit and re-enter on a better price (thus it is virtually the same as booking a profit on the short trade, except you don't enter a trade).
Hi picolo,
No it s not the same as booking a profit.
If that was true, then all would profit from not trading.
The perspective is in that because you ducked a counter swing against your exposure, you had gained the advantage of levels, But this is only true if such position was re=entered into the fight. From the perspective of the market, it is where you reentered, and thats no advantage as it is there.
So the gain is psycological more than tangible gains.
Just a few questions. If you are long at .5950 and then believe at .5930 that its headed for .5900, why not reverse positions and go short? Also, when you entered the long at .5950, did you believe the reversal to .5900 was possible?
Hi,
Thats the mindset thingy.
I don't ever KNOW, for sure what to do.
But I KNOW, when a market behaves a certain way , that I should respond defensively or aggressively.
This is the reason why I have the scouts in, if I am still interested in the trade.
You never know no one actually knows. Like in yesterday's case , I came back after dinner, and he was floating dead in the waters. He was well and safe , when I left him.
You see, in trading correct mindset, will free you from inhbitive subjection thoughts. This in turn allows you to reactiveness to the issues at hand.
You must deal with the situation of NOW, not what ifs and how ifs .
You deal with the P&L of now, and whats within your capacity and whats not.
@ fti, if I wouldn't re-enter then there is no point in discussion. I just don't like the concept "sit it out". and I feel it has financial advantage aswell but I will leave it at that. Good news is, it is not fundamentally wrong what I am doing and I can avoid a whip!
@ jest, I don't agree. That is not a kill.. just suspension.
@ rapaduski1, then you would shoot in your foot and unable to move much.
Hi
I think warrent Buffet summarised it very well, when he said
"Excellence, I can aspire to achieve, perfection, thats the God's work."
So why do you smoke fti? That is certainly not making you stronger.
Also, you are not old. Based on some hints you have said in this thread, I suspect you are about 10 years older than me and I still believe I am young. Even Leigh doesn't believe she is old and she's 3 years older than you!
But I do have faith in my creator and I have an interest in pursuing this further. Thanks for the push in the right direction.
This thread is getting busy now!
Hi Zoran,
I AM old. Make no mistake about that. When we were created the creator divided our life in to youth and aged. The division is clear, it is known as "change of life" aka menopause. And this affects all of creation. From the stars to his most prized, mankind.But its not something to be frightful of. This, just milestones in our journey.
Well, why do I smoke?
For me, in life there are little pleasures. Althought I am well awares of the rocks that Sir Baden Powell had described very well in "Rovering to Success".Our canoes will be tested against them in our short journey thru life.
I guess in many ways , if I gave up all my little vices in life, I will miss out on all things that the creator had made in his creation. One of which would be Eve. But if I could stir clear of Lillith then all should be OK.
This reminds me of the story about a man who, being afraid of dying from cholesterol doesn;t eat eggs nor drink milk, only to be killed by a truck.............................. ................................... .......................
................................... ................................... .....................
...a dairy truck.
Yes, I hope you are referring to "Lilith" as a packet full of those little sticks you put into your mouth because I can assure you, they aint no eggs or milk! In fact, she looks more like a dairy truck in compressed form.
I believe Leigh and I can clearly see your scorpions fti - so I just hope you can squash them and spend those extra years sharing your wisdom with us all here - and enjoying the true pleasures of life that our creator has given to us.
Hi Zoran,
I searched the net and this is the closest I can find to my reference.
Be aware there was a brief reference about her in the bible.
King James version.
The newer translations, mistranslated it.
There must be more about her, on the net, but sorry I no geek.
Samuel was a angel of God's creation, the most beautiful of them, the angel of light aka "morning star" but he rebelled and was renamed Satan, the angel of darkness..Just for info.
There's more info about it in the Jewish "Torah" , The books of Genesis (Moses), if you like "The Creation'.
Since we are on the subject, you may like to read "The Book of Adam and Eve." also Little Genesis "jubilee". Most enligtening, it carries until Cain.
Alternative source for info may be at the vatican library, I think limited access.
First of all I wish you good success for your job Interview!!!.
@fti and others ...
What luSan describes above. Isn't it the typical behavior of the "pig"?
Changing the directions from long to short and back?
If not, what then means the often cited pig in difference to the bears and bulls??
Hi MaMood,
Absolutely, on the money.
I was just about to point it out to him, when he left for his errants.
Hope he can learn , without having to pay too much for it.
hello fti, i read your post and its wonderful.i am a newbie at forex trading, infact i just started my live account this year, few months ago but i have been demo trading since last year.i want to ask you a question...' WHAT STYLE DO YOU USE IN TRADING'..i mean what indicators and what things do you do, you never mentioned anything about it in your post. i hope you will reply me...happy pips taking.
I sometimes lose my typing also - by pressing the wrong keys - but perhaps some other force is doing it? It usually tends to be something important.
Yes, I watched Z on the federal reserve and thought it was well made so I decided to watch all of them, including the one on religion. Now that one looked convincing also but seems to go against the bible - therefore my thoughts of the plot to destroy religion.
With your great knowledge on this subject, I was wondering what you thought of it.
Hi Zoran,
Sorry , alittle late, mkt was a little scary.
Build the skew like lorry load, at last got out fine.
ok, about the religion part,
you see, when a car head light shines on a reflective surface.
when, we see the mirage.We can come to many assumptions.
We can hypotasyse , but it will never be the truth.
There are much things beyond our capacity to understand,
and we try from our perspectives to guess,
again we may not be so far off, but cold it be the truth?
The creator, he works in myterious ways,
So to understand may be beyond us.
Its alright to speculate, but as in trading.
We must never be too cock sure about that we have the answers.
It may slowly be reveiled to us over time.
And we must have an open mind to accept.
Just like now we know that the earth is not flat.
Creation is not our business,
If we want to poke at it , to learn and use the knowledge to dominate.
Then we had better have an open and unjudging mind.
Truth has many dimensions.
When Christ came , I wasn't around.
By my instincts and feel and the pureness of his teachings esp from the testimony in the book of Matthews, I believe.
Neither can I see air.I do use it.
More important , do I harm, anyone practising God.s will.
No,
Do I harm myself and my family ?
No,
God forbide there may be those who would like to twist things about to confuse, (divide and conquer) but thats for them.
If you try to understand Christ's life, you will see the pureness. Is this real ? I can't say for sure. But all I can say is that knowing him, brings joy in my life. For me thats God's gift.
For me Christ's commandments.
So easy and pure.
1.Love your creator with all your heart and soul.
2. Do onto others as you want them to do onto you.
this encompasses all of God's Will for mankind.
Comlpication only arises, when man trys to impose mans will on all , man and God. Thats rebellion.
regards
PS:I am not man of great knowledge.Just a man of little knowledge, enjoying the grace of his creator. And I will NEVER judge God, my creator by the works of man.
Hi ALL,
Today's market is abit hard, got out with the skin of my teeth.
The fed's spoken, they are changing monetart policy.
so now everyone's wondering.
Is this for real or just lip service?
Then the EU is in hawkish monetart stance.
Even if the feds hike 25 basis.
Would the EU reciprocrate?
First we must see some goodwill from the feds, huh.
And the markets get more and more confused.
Divide and conquer. thats the strategy.
So now its any one's guess.
For us , we must feel the market and see how it feels,
it will be different in different times, so be very nimble.
If greed plays, then it pays.
Battlestations.
for now I think the jap are still buying the USD, quietlly,
and USA and Eur are suitors for the Yen injection. Lets see if this is the case.
Flow like the river, my friends
Oh forgot, Chart wise , the USD bulls still dominates.
So bias is Bul USD until the dance sentiments changes.
yeah, textor , very walled.
look at the cable charts. Thats like waiting to turn. strong STG.
probably nothing happening today,
just wanted to if if we may hit USD stop buy orders .
Yesterday on strong bull run on the USD they didn't show.
If they don't show again, then gotta review charts for direction.
I am squared now , watching for opportunities. Too quiet.
Even the best carpenter when he picks up a new hammer, doesn?t swing hard the first few swings, else he change his name to stubby. Confidence comes with experience, just my own thoughts but try to think like the ocean and the waves coming in with the tide, each wave picks up seashells and such on the pull back and deposits them farther up the beach, likewise try to time the market to drop some on the pushes and reload with size gained from the prior push on the pullbacks.
Fti, is the one who trains this methodology, hopefully he?ll chime in.
Markets trying to finish off todays move back in a bit.
a
Hi,
couldn't comment much.
I haven;t a clue on the methodology here.
Looks a little like Lusan's MO, probably scalping swings.
However , he made good pips.
The ability to buy lows , suggest that this is demo trading.
Unlikely to be doable in realtime trading.
Looks more like Market-maker blotter.
To the majority here that are thankful for the attention and teachings , they abide by the few, simple requests made of us.
---Do not call fti ...Sir...
---Do not pursue his identity.
---Do not give opinions.???????
---respect that others might enjoy life's vises. The one mother we had, has left.
Hi,
Whats that about. Who asked for that?
If no one gave any opnions here I would have to chatty with my lonesome day in and day out.
children gets orphaned almost every day everywhere,
Please don't cry.
speedy reminded me of LuSan and his fast grabbing of pips.
joy
Hi joypips,
Speedy years , huh.
I will get to the issues raised by some, when I can find some time.
I made good pips , the early sessions Long USD.
Got half the profits out and lost a half load back when they sprung a fast one on me.
Then afterthat I had been building my Short USD positions, on the 5m charts.
Now I have super spiralled Eurs ozzing out of my ears. What a PIG !
Anyone? Eurs?
This market now very tricky, Eur seems like found support ,may do a little retrace.
I'm on hourly charts now, wish me guidance.... otherwise may be sleepless for a few days babysitting.
Trade careful now.
All making good pips I hope?
regards
I agreed with you that EUR got some support around 5640. I read a news that there is a large option @5610~25 expiring at GMT14:00. Anyway, E/U lost almost 2% just in 3 days from 1.5940 to 5640.
So what would be your strategy, capitalise on possible rebound, or let the rebound go, and short again when pullback lost momentum?
BTW, I made a killing shorting G/U. How many pips, I forgot, got about 10% return. Maybe on saturday I will post the chart and share how I did it.
Regards
David
Hi David,
I donno , my chart keeps turning weak USD , while I was very Long USD in before London.
The London Boys have no clues whatsoever of what to do.
Seems like theres profittaking ahead of Unemployment figs, Housing Starts, and the te fomc people talks,
Thisis little unusual , maybe fig bad, so they have to kiss usd again.
Be careful, you gotta be very nimble to try capture retraces like this , they could test the Eur to 1.5610 before anything happens, so if you take the challenge, you have to be fast. Not fast in position manouvers, but thinking and feel as well.
Otherwise stay out until fomc frog kisses us then see what happens.
They already nearly talk the USD to rise from the dead too many times,
will the voodoo work again? we shall see.
Pardon me, I gotta wind down the positions to managable sizes before all these happens.
So If I didn'e say much, you guys can brainstorm amongst yourself for alittle, ok.
"damage is part of the battle, recovery is essential , victory is the objective"
This has become my mantra. I also like this from Theodore Roosevelt
"It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena; whose face is marred by the dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions and spends himself in a worthy cause; who at the best, knows in the end the triumph of high achievement, and who, at worst, if he fails, at least fails while daring greatly; so that this place shall never be with those cold and timid souls who know neither victory or defeat."
Happy trading
Hi Dutchangel,
Wow, have to quickly say,
Teddy's saying, its powerful and very real.
Hi ALL,
just thinking out loud. Feel free to chip in.
We know that some Jap investors are buying into USD thru their funds manager. Seem large as it is impacting the yen crosses.
I speculated that maybe some of it would go into the freddie & fannie bailout and US assets.
If these were true, depending on the size of the thingy, it may still be unfinished business.
Another thought is that after the USD purchases which help the fed contain the 1.6 ceiling against the Eur. They are in profits already and it would be in their interest to support the USD when they can/ or if it is cheaper, whichever the case.
The figs released today only supports the fact that the US economy is not in shape, notwithstanding the speculation that she may already be in recession.
What is ticlkles me is the fact that my positions keep reverting to buying USD in a US recession scenerio. And the positions are promped bty the charts.
Is this prudent?
But of course the charts don't lie.
one thing i remembered someone mentioned, trichet raised inflation in the EU zone one year after the US. So if they are running the same scenario, a year after the US, it wouldn't be a surprise that everyone is racing back to cheaper USD for value hunting.
Hi jest,
That is true, but it seem that the japs have beat many to this advantage, based on what's been seen.
I have no problem at all following the charts lead.
Just that tere is is naggy feeling at the back of my mind, About the Long USD in their recession.
Feels little like catching a falling knife.
Only that from charts, it may be near the end.
Not so unlike A, I did feel kinda ceiling at the 1.6 Eur test, so we may have seen the uuper band tolerance of the feds, but tey are not God, if things do gets worse, it become hard to be supportive of USD.
like I said just thinking aloud, due to funny feeling and undertone.
Also i guess because of the big USD bull couple days back, I find the follow thru , very mild and controlled. Somethings amidst.
Based on the failure swing after bad figure releases, which is very telling, I would tend to expect a sell off in the Eur, NY afternoon. but of course this is just speculation. Best to follow the pulse.
fti
You are wrong, in fact I have just finished re-reading it for 3rd time today. Have also just compiled an 83 page document of the thread which I am editing to remove typos etc. Curious about what gave you the idea tho.
Regarding promised pdf. I have tried to mail it to you numerous times now, but it seems I have a mail server problem. I am waiting for hubby to resolve it for me.
I actually wanted you to confirm an assumption of mine. In the beginning of the thread you said you were going to give us lesson 3, the Blitzkrieg. Zoran questioned you about this a couple of weeks later, as it seemed that you still hadn't given it to us yet. My assumption is that the blitzkrieg lesson is actually the attack and rescue mission. Am I correct?
kind regards
Hi DutchAngel,
Sorry, Must have spoken badly.
I was asking MaMood, since he asked you about your mantra thingy.
Yes, Lesson 3 is the last Chapter in my Forexangels, it is about how to put the rescue and attack thingy together in market making. and the way to incorporate the fundamental perspectives into the skew and sliding between the skews of the spiral within a spiral.
After posting it, I felt that it was more suited for dealing room purposes, so I didn't go there.
The relevant stuff, I had just given ad hoc , in the general discussions following.
Moreover to be able to do Blitzkrieg MO it requires massive capitalisation , quite OT for non corporation traders. More suited for big boys market makers.
Even myself is unable to use that MO due to capitalisation restrains, even now.
There's actually noting worthwhile to compile,
The Mindset aspects are covered in AOW,
The Money management aspect is a derivative from the fibo or arithematic spiral sequense.
And the rest is all your trader sense and market experience, esp in Chart Patterns Analysis.
Its only that the uninitiated will find the MM aspects very disorientating. esp the P&L snowballing. Without actual exposure practise it is difficult to accept/understand.
Hummmm....... will the NY boys push it for the 5610 level or is this little double bottom it for the day.....decisions decisions......
Hi auxesis,
In fact, I don't like today's market behaviour at all, although I am making the pips,
It likes to do jerking motions then goes into hybernation and jerk again.
This prompts me that market is extremely manipulated.
Super manipulated and thin.
Unfortunately I cannot see paper flow, but I think the suspicion is very valid.
This doesn't feel like the forex market at all.
The 1.5610 level will probably come if stops are triggered late CME.
otherwise the markets will probably be put to rest here.
Sorry misread your post fti. Been a long, hot day here. Concentration is flagging I am afraid.
Hi,
No worries, I understand.
Same here, Its been a long long day.
Today the weather here is super cold, due to thunderstorm.
And I had been trading like a greedy pig.
Although I made good pips USD, long then short then long again.
Gotta clear the bad mindset, For today, the charts to be blamed.She's bad. Actually , its my bad.
Originally Posted by seeit View Post
To the majority here that are thankful for the attention and teachings , they abide by the few, simple requests made of us.
---Do not call fti ...Sir...
---Do not pursue his identity.
---Do not give opinions.
---respect that others might enjoy life's vises. The one mother we had, has left.
Quote:
Originally Posted by fti
Hi,
Whats that about. Who asked for that?
If no one gave any opnions here I would have to chatty with my lonesome day in and day out.
children gets orphaned almost every day everywhere,
Please don't cry.
Hi seeit,
If anyone was most hammered during the meelee, it would be you.
I just wanted to let you know that I viewed your posting with candid, as you had always done. And with humour and good intents. So I hope you don't hammer goodself with any guilt.
Although I replyed your posting with humour, I am aware that you many not have felt the jesting in the reply.
About Leighsww's misunderstanding about my vice of smoking, I hope you will not be too sad that she mis-read you although I saw on first reading that it was about Zoran and my smoking habit. How she misread that to relate to her works, I don't know. It could have been due to your bad spelling. So it behoves you to improve your spelling.
Same for me.For me worst, gotta improve diction as well.
You were lucky that she didn't wip you for calling her, mother.
One of the lessons that Christ taught me, is that,
If A has 10USD and he gave to charity 1USD, it is noble.
But for B ,who has 10 cts and gave away 8 cts.
In my book, B has given more than A,
although the quantum that A gave may be larger than B.
So I hope that you will spend that 2 cts you have left wisely ,
since you have given away your 8 cts to the benefit of this thread.
By the way you don't ask questions,
You don't advice us on how you trade,
So are you benefitting from this thread?
I do wonder , how your trading is getting along.
Hmmmm, I am very disappointed that this is how you have seen my leaving this thread. I have nothing more of value to contribute here, so any posting that I would have made would have just been unnecessary reading for those who already have to catch up to the pages.
fti ... I am sorry if you feel betrayed by my developing my own style dancing and spreadsheet system. If you read my journal, you would understand. Please remember that it was you who had approached me to want to train me. I only PM'd you initially to give you your posts that were removed from the forums. When you first wanted to train me, I had initially told you that I was committed to following feb's method. You asked me to be "open minded" and said that you could still enhance some other areas of my learning, so I (with my hubby's encouragement) decided to take you up on your offer, thus I accepted humbly and appreciatively and was honored to have you teach me what you feel I should learn.
Originally, you weren't sure you wanted to post again to the forums, cuz they had banned you and probably didn't deserve your knowledge, but I encouraged you to share what I was learning with others here on the forum, because of several reasons:
1) I felt you were unjustly judged previously and could be redeemed and receive the just praises you deserve
2) Didn't want to keep you to myself when so many others could benefit by your wealth of knowledge
3) It was hard to get David on the chats we were having, and I didn't want him to be left out, since he was also supportive and understanding of you, from what happened at feb's thread. He stuck by you, as much as me.
If you do not remember this, I have my emails I can forward you, if you need reference to where what I say is true.
fti, as you know, I am a person who comes to people's defense when I feel they were treated unjustly. Well, I also come to my own defense when I feel I have been unjustly misjudged/treated, as well. I feel that both statements above are a little unfair. But, that's just my opinion.
seeit ... if you see what I have created with my spreadsheet/system as a "vice," then you do not understand my spreadsheet/system. For that I am sorry you see what I am trying to do as a vice.
If anybody else feels abandoned and upset with me, then I am truly sorry that you feel this way, but there's nothing I can do about that. You must search your own hearts and conscience to see if you are justified in feeling this way about me.
Anyway, I have said enough. Just cuz I am not posting anymore, didn't mean that I wasn't reading this thread. I was still enjoying the convos.
Okay, I am done. My posts have always been too long anyway, lol.
You guys are having a lot of FUN, and that is good. fti, if you don't use the whip more, I am going to have to take it back , haha.
Take care all
P.S. I still do care a lot about all of you here very much and I will miss the bantering with you all, but please don't feel that I have "orphaned" you (that truly hurts)
P.P.S. fti ... please don't take out on others here, if you become upset with what I have said above. If you stop posting because of what I have said, then you need to take a look at your "egor," cuz nobody here is at fault for my actions, and they should not be punished for it. They are your loyal students, so make sure you don't take it out on them. I'm not saying you would, but knowing your temper, I couldn't be sure, so I had to make sure by saying this so that if you stop posting, you'd be shamed for letting your scorpion take control (haha, how's that for ensuring that you keep posting!)
Hi Leighsww,
You asked that we should not respond to your postings, So in respect of your instructions, I will make this short and swift.
The above statements were said with humour. I don't know whats biting you, but I think you had been overly sensitive. I don't believe there is anyone in this world, so bankrupted that he/she has nothing to share. However I will respect your instructions as given.
Now you have me thinking Leigh...I may be another 10 years out on his age...but I remember he once mentioned his teenage kids so I now assume he must have had his children quite late in life....
Anyway, best I leave it there....I'll certainly keep in touch once I get this big move out of the way and contribute to your thread when I get a chance.
Hi Zoran,
oop, you know?
Yeah , I am still active at that.
Old doesn't mean that I am dead.
Did you hear about the 90year old man who married a 30 years old woman?
What do you think , he married her for? To do the dishes?
A pig goes left and right...a pig does not know left from right...what do you call one that fight the trend? ...I would call him a cow...
I mean: if you realize that you got your scout on the wrong bus, then would you stay on that bus? Would you rescue? What about if you fail on your rescue? Then you go with a second level rescue, right? but if you fail your second level rescue, you move into a third level...then what do you do?...you stay on that bus until that bus stop at the next price level ...that is a good idea if you have a full day for trading...and that it a luxury that I do not have...it is totally illogical...bleed the book and move on... [by that time if you fail then 0.16 % bad trade would be 200-300% of a bad trade and your heart would be pumping like hell, right?]
it does not make sense at all: the scout is for me 1/6 of a trade...16% of a trade...it does not make sense to defend it...kill the guy and accept the fact that I was wrong...I have done so many times, that it is second nature...the only time that this is wrong is when the market is totally chaotic, without structure, on a narrow range, then it does not work and I do not do wave attacks but range attack...but that is another topic....what I do works very well for me...I am happy with it....Also be aware that I do a fast dance...I do not hang around for hours and hour waiting for 5M to get in line with 1H and 1D...I do not want to trade for longer than 2 hours...
So if I am on the wrong bus, I get off...fast...and I move into the right bus..if I find that I got off on the wrong bus again...then I am confused and I stay out...this only happens with the scout...after all for me that soldier is testing the battle field..just a test...I never do this with the rest of my trades...So am I a pig? If so, then I am not a cow....let us laugh
Hey..remember my commandments: "never trade against 5M trend", "never have more than 1 rescue", "rescue only for timing"...so if I stay with a loser scout, then I violate my own laws, I am a sinner...and that is not allowed.
Regards
Hey Lusan,
Admit it, a pig by any other name is still a pig.
It happens sometimes, and sometimes the charts lead you to there.
In the markets we trade in.
There are BULLs , there are BEARs and there are PIGs.
There are no COWs.
If you don't look closely, But of course sometimes we may mistaken a BULL for a COW.
Thanks for the handheld session on 2008-07-22 night; that is really priceless.
I was late to this thread and when I started to read, it is already >100 pages and >2000 postings. What's more is there are a lot of information to be absorbed, so reading from the start of the thread is really very slow. And this thread keep appending, increasing my back log is small issue, there are times that the discussion of current market situation become very difficult by the time I read. So I "attack" this thread at 2 locations: 1 from the latest posting and 1 from the start: burning the candle from both ends, err, burning the candle from one end and from the middle. (Right now I am still on page 180).
That is how I chanced upon your handheld session on 2008-07-22.
Beside expressing my appreciation of your effort in my first posting here, I would like to post the charts of your 2008-07-22 handheld session with entries marked, so that fellow forumer who come late (later then me) to the thread can understand your action better.
fti if you think the charts are not appropriate, please remove them for me. Thanks.
Hi hcong168,
The charts are about correct. Some of the timings are off By 1 or 2 bars.
Don't ask me to correct it. I never revisit nor remember my trades since 20 years back. I am old and my memory is bad, I go by feel these days. So I never remember levels, prices and telephonr numbers anymore.
Actually you can learn little from the chart, although you can see some of the methodology used. If you charted another session with me, it will look totally different. This is because there are other factors involved that are not on the chart, eg dance sequence, pip pulse....frame of mindset, influence of fundamentals. Moreover the trade skew are dependant on strategies imposed, state of book. All these are not on the charts. If you tried to mimic the attack,you will become rigid and thats dangerous.
Thats why you have to babysit trades, and I take sometimes for walk abouts. You nee to feel the situations to understand.
You may be shocked that if you followed me for some walk abouts, i may liquidate the position early due to that I may have a stomach ache and had to go to the wash closet. So it is better to ride along than studying the historical performance.
From the chart, can you pick out where, I came back from dinner. Or when I was chatting on the thread and misses the markets entry.
In perspective , being new to the methodology, you may like to reference it for understand of the principles involved.
It is important not to be robotic or mechanical about the the use of it.
Read the thread carefully and understand it,
then demo its use to familarise the skills required.(orientation)
There are much lessons the markets will teach you, if you pay attention and learn.
Then if you have become confident enough in yout skills,
Test it on smallest positions that is available to you, That is necessary for development of the "greed $& fear" emotions that you will not gauge from demo.
You have worked hard to present the charts ,
Myself and many here ( I believe) will thank you for your effort.
Sir not sure about this one ...
I recognized that GBP was getting stronger in effect making dollar supposedly weaker , but with other pairs USD just resisted getting weaker , is this why its fishy ?
Hi maheswara,
What you said is in many ways correct.
What was detected was that there was alot of crossing going on.
Take alook at the cemetery chart I posted.
Can you see those many green bars, that was stationary sweeping.
What it means was that in any instances, the market makers were sweeping, from a pivot point. The arket went nowhere , except that range ws created.
This can happen when the Mmakers are booking orders to their benefit or when they are acting on behalf of someone to hold markets.
lets take a chill pill guys. I understand that many of us here have made good for themselves, after a few months of trading, you guys have turned pro, thats impressive.
Lets take a look at ourselves in the mirror first, how did we first get here? What made us better, just a word or two from the teacher, and we get a long well written resignation letter and a pig and cow story.
I must say we have alot of egor running in here. It really doesnt matter if you have to kill 10 scouts so that the army may survive/win the war or be rigid to keep your psychological setup in check, but sometimes we should ponder a thing or two, here, what are the posisbilities if i kill less scouts, run some reecsue sequence and then turn it into an attack sequence?
Lets try to continually learn and improve instead, take the snippets by the teacher as a form of good advice. Of course many things will come into mind, many scenarios will take place, its a learning process... Remember, AOW is the backbone of the method.
Im glad you guys have found your niche. Good day and good trading you pros.
Okay, now you guys can take the guns and fire away, im open.
regards
Thanks, jest that was direct and should wake some up about egor.LOL
regards
I'm very sorry that I have initiated this discussion/dispute and that it got steamed up this way. So I want to apologize to luSan. My comment was not meant as an attack on you or your style of trading!
My intention was to get that way of trading commented by fti.
The way you handle your scouts is just the way I did it by myself in the past and I'm still not really convinced, what should be wrong about that.
Why should I start a rescue, when I found me on the wrong side of the trend or (to make it a little more difficult) a major move?
Why shouldn't I ride for example at first a short campaign and when the market tells me, the second one on the long side?
For me it is still difficult to define behavior of a pig/changing busses on the one hand and to be nimble on the other hand.
I'm still learning. But I cant trade someone else rules/style if I didn't get the reasoning behind. So I allways have a lot of questions ...
That has been the reason for my question above ....
So once again a stong "sorry" from my side.
Hey Lusan , there you have it.
He wasn't attacking you, just to clearify MO.
anyway I think you had answered MaMood, being the gentleman that you are.
Remember Whenever you trade both the long and short side of markets, for pips , in reality you are pigging. And thats the same for anyone doing it.Whether justified in doing so, thats in the eye of the beholder. However, a rose by any name is still a rose.
Today, we will see a lot of econ data to be released at 3pm, 4pm for E/U, and 4:30pm for G/U (GMT+8 Zone).
The IFO data will is very important data for euro, if you checked E/U price movement on release days from previous several months.
Good luck to you.
@Leighswww: Why you decide not to post here? Come back and share success and failure(wish you never have too bad failure).
David
Hi David,
Your question to Leighsww is very valid.
Only thing is I am feeling that she isn't herself, Something could be wrong.
We should respect her wishes and let her come to terms with whatever it is thats biting her. Thats what friends do, I guess. We'll have to respect her decision, whatever that may be.
I don't think you need to apologise. You were not judgmental or accusative. You were simply asking a question to clarify the concept of what fti defines a pig to be. We are encouraged by fti to ask questions to be sure we understand what he is conveying to us.
@Leigh
This won't win me any brownie points, but to quote my father "If you want to walk, walk. If you want to sit, sit. Do whatever you want but do not wobble." Your numerous departures and comebacks seem like a lot of wobbling to me. I enjoy your postings, but could do without all the drama involved.
@ all
Sorry if my post is offensive to anyone, but I tend to speak my mind. I am not here to please people but to learn and help where I can.
Hi DutchAngel,
With knowledge that the posting was not addressed to me. But i need to make a comparative comment. You Dad , he's wise.
If I was to relate what he said to trading, it would read:
If you are Bull, Buy,
If you are Bear , sell,
But don't go chasing the bulls and bears swings, and turn out to be a ...
Was he trader?
I don't see your posting as offensive, really, maybe "tough love" as Leighsww may put it. I think she may be upset with something. I don't know what. I hope she'll get over it quickly.
"damage is part of the battle, recovery is essential , victory is the objective"
This has become my mantra. I also like this from Theodore Roosevelt
"It is not the critic who counts,
not the man who points out how the strong man stumbled,
or where the doer of deeds could have done better.
The credit belongs to the man who is actually in the arena;
whose face is marred by the dust and sweat and blood;
who strives valiantly; who errs and comes short again and again;
who knows the great enthusiasms, the great devotions
and spends himself in a worthy cause;
who at the best, knows in the end the triumph of high achievement,
and who, at worst, if he fails,
at least fails while daring greatly;
so that this place shall never be with those cold and timid souls
who know neither victory or defeat."
Happy trading
Hi DutchAngel,
Like I said before, very enpowering and inspirational.
If I had to give it a title, it will probably read " For those who do"
I guess Actions speaks louder than talk.
If only ben read it.
Yes fti, I had pretty much given up already although since someone mentioned it and you did acknowledge it as a gift, I responded in that way. At one stage I was just going to suggest that you pack the book into your hospital bag and leave it at that but decided against it.
I think we can all appreciate that some things seem difficult to change so your vices are yours until your heart's content. I shall resist mentioning it again - I'll try really hard....
Very very late here now so must get to bed..... good night to all.
Hi Zoran,
Please don't feel too bad about it.
I feel so honoured that you have taken so much trouble to help me kick the habit, less I kick the bucket instead.
It is my bad. You see old dogs are very hard to retrain.
I have left behind much habits that I enjoy, drinking till I poop thru the mouth,
painting the town red, casino gambling etc.......you get the idea.
Now I am confined to activities at family level, some camping (more like picnics), my music, my trading(recently again)and my last of the rocks, smoking . Everything , its getting less and less. If I gave up the smokes, I would surely become a saint.
Moreover, my condition, its ok mostly , then there are some really bad days.
But that is to be expected. They name it cronic for a reason, you know.
Anyways , what I am trying to say , is that I appreciate your effort.
So please don't hammer yourself over it. It is my bad.
regards
About the casino, I had to travel nearly 300 km to the nearest, when I was active. Now when I stop , they bring 2 giant casino , next door to my home. operational next year.What temptations? I am being tested again.LOL
When I was in university learning something about western culture, I was told "don't ask a westerner questions about age, marriage status and income, since these are private". Am I wrong?
According to some study, 80% of information are expressed by emotional expressions, gestures, and way of speaking. On internet forums, we can't see the posters' facal expression, gestures etc., therefore mis-communications can happen quite often. Thanks for my poor English, I try to understand posts with good intention (bona fide?). When watching American movies, I heard a lot saying "Don't take it personal".
Yes, about three years ago, there was a overseas Chinese Nobel Laureate who was 82 and married a 28 years old Chinese gril (a post graduate student). And they got a baby about 2 years ago. The funny thing is, that professor claimed to the media that he checed the baby in the hospital, and confirmed that the baby IS his.
David
Hi David,
I think there's little differences among most cultures, just different accents.
Its impolite in any culture to ask a person's age. and if you ask for marital status, most are swinging and single, if they are married , they normally are still available for improvements. By the way what's your income?
Yeah, Body language is important component of communications. I guess thats why ,people are developing more and more emoticons for written communications. Soon they may make their way into books.LOL
Lucky chap, that professor, sure got his hands full. I think he 's cautious in the wrong area, should be watching after his wallet, instead.
I have actually skimmed through this thread a few months back by concentrating ONLY on your postings but later I realised that the postings by fellow forumers also have good value. So now in my 2nd pass, post by post.
Crawling like a turlte...
Hi hcong,
Just goes to show, there are intelligent and thinking minds here.
The bums , they couldn't be bothered with this stuff. They'll probably buy some automated program and sit waiting to become rich. Just wondered , if thats will ever possible, I guess not. Thats only for the gullible.
Are you all still USD Bulls today?
I'm due to the development in USDJPY a Yen Bull so far.
Dancing USDJPY on the short side ..
Hi MaMood,
Every thing on my charts is looking for a USD bear (retracement).
Donno what the feds and the jap investors, have up their sleeves. Will be likely be trading against daily trends, so be nimble, at least.
Yesterday Euro's making higher highs and lower lows driving everyone crazy, seems to be dollar bear going into London, but I dont know how long it will last.
sidelines atm.
Hi auxesis,
yeah, same sentiments here.
Well, I guess we enjoy it while it last, and when the fat lady sings, bail out.
fti sir , now that you trade privately , do u use leveraging ?
Yes, I am trading with a bank on the arrangements of leans on assets and bankers guarantees. You can classify that as leverage. I am also experimenting with retail brokers here. So far not very impressed.
Heard that FXCM may be using the MT4 platform. Surely would check that out as I like the MT4platform, even though , improvements are welcome. The major problem, being like this people farts thru their mouth. Most of what they say, they didn't deliver. So they are very "credit risk" for me, if they do not "walk the talk". And thats high risk for me as they operate out of HK, not in sg. Will rethink this one.
I understand that you hesitate to present Blitzkrieg to us.
I'M thinking about that as follows:
Couldn't it be worthwhile just to know about that MO?
No to practice it, but to know its concept.
I compare our trading to chess. When you prepare for a tournament or a game of chess you are going to analyse your counterpart, his games in the past, his preferred openings, his strength and his shortcomings beforehand.
If he has a favorite way of developing his game, you should know about.
If you don't know about his tactics or may be strategies, it makes it a lot harder to beat him.
If Blitzkrieg is one the Marketmakers games we should know the game, because they are our oponents ...
Maybe you'll find somewhere down the road a few minutes to give us (at least) a short summary what Blitzkrieg is about.
Just my 2 cent ....
Hi MaMood,
As the name Blitzkrieg, implies "Lightning Warefare".
And it requires size and speed. Both of which are beyond us.
I really cannot see a case to present this on a public forum.
Sorry.
I found that this morning.
May be there are some relations to the recent situation ...
USD/JPY, EUR/JPY: Off Lows On Denial Of Temasek Rumors
Freitag, 25. Juli 2008 07:39:00
Tokyo, July 25. It seems some players sold USD/JPY and EUR/JPY on rumors circulating in Asia earlier of large losses at Singapore"s Temasek, mostly on holdings in financial sector companies including Citi, Merrill Lynch and Barclays Capital. The talk was that the Singaporean sovereign fund lost upwards of $10 bln.
This is interesting,
The rumors look to have been initiated by a report that Temasek sold out of 50% of its holdings in Merrill Lynch. Reuters reported a short while ago that Temasek denied any changes in its Merrill portfolio, noting that its holdings in the US investment bank had not changed since March. This looks to have put a bid back in under USD/JPY and EUR/JPY. USD/JPY earlier fell to as low as 106.76 and the cross to 167.62. USD/JPY currently trades 106.81/83 and EUR/JPY 167.70/75. Weak stock markets and sentiment favoring the paring of more JPY shorts looks to maintain downward pressure on these and other JPY pairs however.
And from here onwards, the author loses all credibility, for me. Usual bullshit, trying to sound intelligent.Probably from a reporter, who know next to nuts about markets.
An USD/JPY close below its 200-day moving average at around 106.92 would be extremely bearish as would an EUR/JPY close below 167.65 and especially 167.00, the 50% and 61.8% Fibo retracements of the move up from 165.33 to 169.97 seen between July 16-23. --Haruya.Ida@thomsonreuters.com
I'm on MT4 with a swiss broker as well. Not probs so far.
If you are doing your trades on MT4 in the furture, I can give you some nice tools. For example some scripts to do your orders by hotkeys without that clumsy and slow order forms. Some little "Indicator" that shows your the BreakEven on the screen for all open positions. And some other nice helpers ....
Hi MaMood,
Sure , that would be nice.
But I thought that scripts , are broker dependent and doesn't work with all broker MT4 platforms.
There are some MT4 users here, I think.
If suits, you could post them for their peruse.
Next time I'll delete the bullshit part before publishing it here
Hi MaMood,
Thats not necessary, Just hightlighted it ,
so that prople can understand the S---- mindset ,some people have and they think it sounds intelligent. If he was accountable for what he said, he probably won't say anything like that.
Actually this is mild, You should read some "research" bulletins that's published. I remember one investor in Japan, some years back, went to his broker with a katana and killed his broker for the "recommendations"that he made , which bankrupted the man.
Its alreacdy apparent that Temasek cutting loss on ML is utter hoax, we can check with SEC on this. No changes in shareholdings but alot of changes in book loss tho...bot 48 current 24....thats 50% 2.5B lost to free markets.... Watch the taxes now.
Hi jest,
Probably someone wanted to highlight the skills of the Temasek dealers. so I guess the rumour is doing just that.
DBS Vickers just came out with a new fx trading platform. I believe the run a bucket shop model, charges 4pips for EURO...surprising aint it?
Sorry Jest, these people are ......... , they were ok when it was Vickers Ballas. Thats the price they pay for paying peanuts, normally get monkey shows.I guess Phillips Sec.and most local houses falls under the same banner. In sg, we have to depend very much on foreign houses for expertise. The local hoses just cannot cut it, just wait till the doors of internet slams hard, then all the junk will be on the streets, looking for employment and wondering why?
is rumor one of the extra tool that dealer uses to move markets ? , just curious ...
Hi maheswara,
It most certainly is, look at what all the fomc speakers are doing.
Do you see any actual rate movement. By the time it comes, it would be so discounted.Not by dealers but really everyone else.
Is oanda operating in Indo?
regards
Looks like london haven't a clue on what the corps wanna do.
It times when they move in blocks and cartels like this that even the market makers are at danger and lost of where the market is.
Its operating out of NY, there ok im only useing them becuase every other broker you have to be 21. Check out ikon royal http://www.ikon-royal.com/ i use there mt4 platform for my other charting platform
Hi M-H Trade,
One Question.
When you trade with brokers who have no offices in your domincile.
When you have trade disputes or infractions.
What do you do? ?
Hi ALL,
after run 1 round with the bulls,
I'm still waiting for the return of the bulls.
getting very bored
Missed the bear run so still
Very agile bear, in my opinion.
Wrong horse.
Hi ALL,
here goes.
but I gotta take my prfits now and call in a night.
Karen wants to go on date with me.
Complaining, I dance too much with the markets.
I am back ,and I caught another leg of pips, now finished for the week.
And this was a good week. I made 25%+ of my cap.
The linked music is dedicated to the heros on this thread, who contributed so much and also to some who lost their way and Leighsww, who gave so much for little gain. I wish them well and pray for all Good Fortune.
I took the liberty of using my sabbath, to do this posting.
It may not be everyone's sabbath, I just saying that it is for me..
I feel that I should get something off my chest , before I started trading again on monday.What I have to say is long and asking of research, so I hope that most will bear with me, with an open heart and with empathy.
I detect that some of you are upset with my recent religious postings. I don't know if this may be the case for Leighsww.
Some may be thinking that I may have gone OT and had wondered.
What is this guy, nuts?
What has God gotta do with trading?
Next he'sgonna say that he has been making money because God favours him. Before anyone stones me.Think !
I Hope that I can present the case clearly.
My methodology in trading involves non rigidity, and my many years survival was dependent on this non rigidity.
Let me begin by saying that , my great grandfather was a methodist missionary from Fuzhou. My grandfather was more focused on opium smoking than church work (it was then legal), My father was Catholic. And for me I don't fit in either, you may call me "The Book of Matthew" christian as I try to emulate Christ's ways from that testimony.(have always wondered why churches , do not follow christ's teachings.) It is not my intent to preach religion to traders.
I posted earlier, a little jestfully an excerpt that, "if people found difficulty understanding me that they should try to understand a clip of a venerable teacher, who was try to explain CHANGE. "
I hope it was of no offense to anyone that althouht the clip showed the teacher trying to explain reincarnation, the message was clear for traders. You should re-peruse the clip again , if this perspective may become clear to you.
In markets, the princip;e he mentioned is very important.
That change is the only constant in the plane or dimension or world ,that we live in. Examine your dwelling , clothings, diets, life, surroundings and almost every thing thats around you, relative to: lets say 100 years ago. Most are the same , but they are different, isn't it. Nothing stays the same, nevertheless they are the same and they have changed.
This is also true in markets.
The clip's teaches that our soul lives in a body and when necesary it changes body. This is the case in markets. When the market is done in one mode of trend , it changes to another mode. It is the same market, but in different modes, always changing.
In markets as in life, no two trends are alike, as it trys to vibrate into that which is most equilibrium for itself on the basis of the NOW. So if your methodlogy is rigid, then sometime, you will be out of bounds.
One of the most important lessons I learned from Buddha from my race heritage, is his teachings of "The danger of I" and reincarnation. (rebirth)
You should try to get a copy of the scripture "The dangers of I" it is most enlightening. Try any Buddhist society, they should have free copies for a donation.
In this scripture, the issue is about rebirth. Many have interpreted his teaching to mean to be born again , in another life time.(reincarnated birth) If you research it carefully , it actually refers to the rebirth of the man's mind, in the same instance ie this life , but into another mode, through the 5 human senses. ie sight, hearing, taste, sensory feel and thoughts. Buddha taught that mans minds are reborn again and again with every breath and to guard that we must seek the middle path that we may not change mode into the left or right extremes that the senses would lead towards. Therefore never to crave. (the hell fires of desire), And that this leading astray would originate from the man sense of thought, "I". He taught that if man can withhold the inclination to the inward realisation , that "I" should never be the center of focus, then it would surfice for the man not to stray into any extremes.
On this the foundation whereby his followers lived life.
In the market's perspective, this is very important. Because the tendency for traders to be focus on the "my position" will lead traders to ruin. Whereas if the trader can hold to a balance of the opinion on the market charted against its behaviour then the trader may avoid calamities , when the opinion is in err.The middle path of the analysis and the actual behaviour of the said.
This was the reason for the link to that clip. It was not for amusement.
The intent of the clip was to highlight "CHANGE".
All things in the universe, changes and in motion, nothing stays the same, or at rest. The only constant is change. Change behest Change and no two are ever the same even if they are the same. This the foundation of the Tao( Tao De Jing). Yin Yang. "Within the light is the darkness and within darkness, the light."
All thing remains the same but they are never the same.
This is true in all things. Even in religion.
Notice that All Christians are reading God's Holy Bible, but there are dividing differences between Peter's Church( Catholic) and the reformed churches.Even amongst the reformed churches the same that divides them.
For the muslims, similarly. The strongest pillar of Islam is the Holy Koran , which has remained in the original language as compiled by Abu Bakar after The prophet Mohamed,peace be with him. But take a look at the divided fractions of the practise and you will see that although the scriptures remains the same , the interpretations divides them.
Similarly the Buddhist...................
I say again, ""All are the same , they are different"
Can you understand this?
Why is this so ?
It is because the difference is dynamic. It is mind.
And all minds are different althought they are the same.
Therefore all may read the same , but perceptions must differ.
I hope that no one here, thinks I am nuts or gone OT.
My intent is not religion motivated. Let this be clear.
The other Issue is TOLERANCE.(strength of boundaries)
It may have a religious connotation to it as well, but really, it the foundation to the Money management that I practise.
I may not have explained clearly, so if anyone may help crystalise the point I am trying to make. Please.
regards
PS: lest anyone ,should be tempted to stone me for not quoting cheist. In fact he repeatedly taught us the same. I will quote which is most close to my heart.
In the Lords prayer, Christ taught us how we should pray to the heavenly creator,
"Forgive us of our sins",as sinners we know not where we err
as we forgive those who had sinned us."that we must forgive where others may have harmed us, as they too know not what they do,
The marked in red is my interpretations.
In effects, we are all in err. as we deal with the unknown daily, and we really know not the consequenses of our action on others. Again the variance our actions creates,. Can you feel it?
Though it's sure there are many scams all around the forex world, I think the rise of the machines has already begun. Trading is becoming harder and harder for us poor mortals. Have you ever played chess with Fritz 10? This software is able to defeat the world champion. A few decades ago, people used to think computers would never reach GM level chess play. Now I have it in my PC (to lose every day if I want). Market is a fascinating environment. Millions of people get in and out all the time. Master human traders will always make their way to profits. But I believe machine trading level will increase dramatically in the next few years. Hope this doesn't turn into a man x machine contest. Otherwise, we would be hopeless (unless we could afford to buy - or write - a master trading software by ourselves). A software can be so flexible (or rigid) as its programmer(s). Each one has his own kind of limitations. A partnership is a good point to start with. The machine can save us screen time. It points out and we decide to pull the trigger or not. Even a rookie trader like me is having some good moments doing this.
Still pending that hypnosis session . I am an old dog with a mental malfunction that could be called "eternal childishness". A childish old dog finds it not too hard to change its mind (maybe I change it in excess and that may not be good). Anyway, I think I am not so "rebellious" about the trend anymore. But since Leighsww stopped whipping us, I will not ban that possibility forever . Hmm... something tells me she still lurks this thread secretly... .
Hi Jairo,
Yes machines have improved in peformance, over the years.
It is unlikely that machines can take over profitable trading.
Ponder this.
The computer's logic process flow is comprise of 3 switches , and, or, if, , Fundamentally it is not intelligent.In the logic process if it gets stuck in any of this flow, the logic goes into a nested loop, ie hung. So to avoid the crash, some form of fuzzy bypass logical process are added that kicks it out of the process by means of subroutine modules, to reset and bypass, known as jump routines. Although the procesor had gone thru generations of speed enhancement, its foundation remains the same. The case is that the machine has no intelligence power only good for repeatative dynamics and arrays.
In contrast the human mind is a very complex network of neurons and does not funtion on 3 switch logics.Although the process is unknown, it can be identified for its dynamics.
There is no case for substitution of dynamic logic for limited logic capacity. however fast they may improve the speed, the computer cannot think.
If you compare markets to chess, chess has limited vectors and possibilities. The variance in markets are close to infinite.
I hope you may think about this in depth.
regards
PS: decades ago, the search for an aircraft landing autopilot was researched. Until today, the best we could do is beacon landing guidance, And that is only used when it became visually impossible to land due to zero visibility. However most land strips prefers to close the strips than have guided landings. Says heaps about the ability to handle variance.
The first sign of any possibility I GUESS, is the possibility of self driven cars on limited managed road, even that seem an impossibility.
I've been on this thead every day since the very first post, and although I don't ask questions, post opinions or share thought I have come to trust in what fti has to say as trustworthy and necessary Info. Every question I have ever had has been answered in something he has posted (it seems mostly in code). I'm not sure if fti is a 10 year old girl from Alabama or a bonifide Guru of the forex market (I don,t care), but I have come to learn what he has to say is good knowledge. He has turned my trading world around 110% and I now am a consistant winner who is not afraid of the forex market(AOW). So if you want to spout a bit of religion I'll look to find the meaning or thought pattern even though what I'm listening to is not always my tea.
thanx Fti
Hi musgrove,
A new perspective.
I Thank you for your kind words and trust.
May the force be with you, always.
fti, just watching a movie, "Cast away." Checked computer and saw your message.
No problem here...Passed last year deeply into philosophy...came to crazies conclusions...still life is umpredictable, changes come from nowhere and lead us into unexpected directions...there is wisdom everywhere...the more I trade, the more I find trading is a metaphore for life...it is a religious experience...those who do not understand should consider returning to indicators.
No regret here...you OT?... I learned in your thread more than I ever learned on all my reading...Keep send your stories...Thanks...
----------------------------------
Jairo, computer trading?....chess is pretty linear...the currency market is non-linear...it trends then rests and that rest changes into going either north or south depending on unpredictable economical events...models will not work but AI rules base system will work...AI rule based system is no more than a human expert in a box...
The problem? If such a AI software could be developed, all traders would use it...so..Figure that everybody is selling a the same time Dollars because they have such a system, who would buy the dollar?...Clearly nobody...trading would stop...there you have it...the end of the market...Paralysis...still some rules are possible and some probabilities are useful..that is what fuzzy logic is all about...but I forgot that I already have such a computer...behind my 2 eyes!!!...
so prior to the news...get out...see how PA react to the news...follow PA...wave attack..bank your pips and get out....this is a set of rules..right?
Why do I need a computer to do this for me?...sometimes the news does nothing...other times it goes the wrong way...so I must follow PA...If I do...when do I get out...with a non linear market, models cannot reliable tell me when to get in and when to get out...I need to keep making adjustment and there non-mechanical is back...so self defeating...
What am I saying? The day that the market could be trade with machines, that day the market will stop and vanish...
Regards
Hi Lusan,
Thanks for your kind words.
I can relate.
But I must warn that I cannot see that which the people here are not telling me. So in fact , I am never sure if anyone's got the messages as its supposed to be. So I will leave that responsibility for the people yourself to check and sustain, the methodology that you internalise.
But if they build slowly as you are doing. Then the probability that they may learn from their experiences to verify that they are doing correctly. The best gauge is consistency of profitability without major headons with market trend, as the markets trys to outwit us, even I have to be on my toes that, I do not become obsolete.
On July 23, and July 24 I mainly traded G/U and make a success.
It is illustrated in the attached chart.
On July 23, I started trading short E/U and G/U, closed E/U around 25 pips, but G/U positions were stuck. There was a power failure in my area, so I stopped trading untill night.
After G/U reached to 2.0020, I saw G/U momentum lost, and price was softening, so I started recue operations. Fast in and fast out, two rounds, and the loss recovered.
About 2:30am( 2:30 pm NY time), I went to sleep with scout and first attack without babysitting, because:
1st, volitily would become small, extremely difficult to make profits,
2nd, the loss was covered already, even 100 pips more against my scout and first attack, it is no problem, still under loss control;
3rd, I need a rest to restore energy, alert to fight next day.
On July 24, my time was coming, everything went well, except attack level 3. I didn't make much from attack L3 due to worries of strong pullback--- most positions close around 9860.
David
Hi David,
Form your trades posted, I see that you may have the basic concept correct.
However , that I am alittle worried that you may have been too aggressive.
I bring your attention to the 3 attack, ie last attack on your charts. That is verny not prudent. as a matter a fact that is the last and concluding was by all count, That should never be a attack. Tradable but you must be aware that since that is last wave by any count methdology, that it should be a re scouted attempted with downsized skews.You seem very aggressive, the agression seems a little out in that when where the 3 nd attack was deployed, there were multiple abilities for strong attack.
What am trying to say is that from a hindsight perspective that I would howerver had been very aggressive at attck level 2 and 3 would have been up there near level 2, And that your level 3 attck would for me had been a scout and reki zone.
However, if you keep to thos mindset, with a watch out on the aggresion, esp when the run hasd done more than 2 wave, It would stand you good.
According to financial consultancy Celent estimates, by 2008 up to 25% of all trades by volume will be executed using algorithm, up from about 18% in 2005 - wikipedia (forex trading - a good read)
my opinion says algorithmic trading can not be ignored , sure human trader is far better since we can adapt ourselves to everchanging condition of the market
as lusan said there cannot be 1 same software running the market , that would result in the lost of efficiency , therefore no banks or institutions would share their algorithmic trading system to anyone at any cost ,
only thing is that as the market changes the algorithm needs to be redeveloped again and again (even complex nlp software needs to be re tuned from time to time) , making it a very costly maintenance in the long run ...
that all being said there may be supercomputers running trades out there but they cant beat our human mind ... just yet
Hi maheswara,
I think you missed the point, and the report that you refered cannot be accurate.
There is a big differnece between computer filled trades and computer generated trading ( whereby the computer outputs the decision process).
You see, even when I was at the banks much of our trades were dealt thru the reuters Direct dealing consoles, Bank to Bank. The fact is that the fills (execution) are done on computer consoles, and would be deemed computer fills. It would be impossible for any external persons to access the data, on if, the trade decision process were computer generated. The information is the banks activities secrets.No sane treasury head would reveal the information.It would stand the reseacher to guesstimate the population of the world.I don'[t yhink they have the capacity to do so even with their tech, yet. It is therefore that I find it difficult to accept the findings.At best this activity may keep the consiultants employed generating ghost figures and guesstimates. If they need more work, maybe they would like to figure our how may people trade technical indicators and how many trades the fundamental aspects and the volume that is generated. Just my 2cts.
I forgot to ask you a question. On Friday, before E/U touched 1.5750, you said USD bulls were buying USD. What a wonderful observation. How did you see that?
E/U was actually going up even though the impuls was not strong.
David
Hi David, I believe you are referencing the top of the retrace turn. There I detected 2 failure sweeps as well as deep candle tails, moreover the pulse than I believe I felt that the sweeps hit something , as it paused for a little before sharp down shades of the Eur/USD, prompting heavy selling activity.
Can't remember in great detail, generally that was the tempo then. Moreover we had the USD bull overhang fundamentally.
Hi now that you have an outlook forward,
What is the chart bias,?
How is the dance?
How agressive ar not you should be, And where the dangers may come from.
Hi Dutchangel,
That's discounted already,
Seems the bailout is already in position, there is no run on the banks,
Just keep that at the back of your mind.
However, there seems no real impact.
Look like the market already knew that.
The question is whats gonna drive the market.
At the momment , lots of questions with no answers, which is normally the case.
Try feel the market temp, it may show you the way from here.
Mybias is still on Bull of USD and waiting for this retrace for directions.
The case ids for tight ranges, with possible Bear attacks,
be nimble always, be prepared for change .
I am also bias on USD bull. G/U maybe the leader. The E/U increase by now is not impressive. Don't know at 12m what a FED official would say.
Take your words that "be nimble always and prepare for change".
Hi David.
if this bull scout falls into the water , be careful not to rescue to eagerly,
the hr chartd sre not there yet. Rescue cautioudly, best not at all until bleeding stalls.
regards
OOps , he's in the waters, not dead yet, wait.
I/m letting him bleed.
You right, I expected a lot more movement today as a result of collapsing banks, but is already discounted as you said. I like the dancing hamsters.
I sent the pdf to you finally. Sorry it took so long.
Hi DutchAngel,
Thanks , I'll get on it when I finish trading.
Nothing to be sorry about,
trade well.
Hi ALL,
becareful, when they line up like that, they are likely to try.
So don't be too in yet. watch for fatigue first.
Here goes again
Anyone missed mild rescue?
Good form, + correct startegy.
my rescue asking for a little more.
keep scout in for feel.
should be coming soon, don't be too eager, seems minefield .
don'r be too eager, yet
remember you are still on your own, feel !
rescue out,
scout out,
repositioning scout later.
No fatigue detected.
Seems USD strengthening, but volitility is not impressive at all.
Let's see how US stocks perform, and wish at 12:00 FOMC Member Mishkin will talk down E/U.
Hi David,
What can we do,?
The whole world is watching grass grow !
Can't beat them , gotta join them.
Any way already got feww hundred $$ right?
Gotta wait and reposition when possible.
Watch.
I mean its mothing ROI wise, evry $ counts.
it will come only we don't know when.
regards
eei scout out again
preparing attack level 1, MILD one ok,
go go go
check your MM,
now try and find your own way , please.
the hourly still looks a bit flimsy. missed the first bear impulse...
sending the first scout in, short the eur.
Hi jest,
What impulse, its still ranging.
But this greenbag bull is watching grass grow, LOL
Look for fatigue,still trying not in sight yet, scouts merged and waiting, good average though.
I thought that you folks may be interested in this:
July 28 (Bloomberg) -- The dollar fell from near a three- week
high against the euro and declined from its strongest in a
month versus the yen on concern U.S. credit losses will
widen.July 28 (Bloomberg)
USD/JPY: Flow Data Reveals Sentiment Switch
Montag, 28. Juli 2008 16:04:00
New York, July 28th. Proprietary data from one of the global European banks reveals a sentiment shift underway, There was an influx of equity investment into the US last week, mainly out of the Eurozone, although there were light inflows from Japan, having had modest outflows the week before. According to their data, the heaviest Japanese outflow went into NOK, and then Asia ex- Japan.
Last night the MoF released weekly data for the week ended July 19th; Japanese investors were net buyers of Y172.3bn foreign bonds, vs selling net Y58.4bn the week before. The data reveals that once again it was the retail investors that drove the data (the so called Mr. & Mrs. Watanabe). Japanese investors also bought a net Y71.1bn foreign equities during the week, after buying Y12.9bn the previous week. Foreign investors bought net Y333.5bn Japanese bonds and sold net Y297.2bn in Japanese equities, continuing last week's activity when they bought Y528.2bn bonds and sold Y242.4bn stocks.
US equities are opening soft, off 0.3% so far, which is holding USD/JPY back, last at 107.72. Oversold hourly Bollingers 107.50/60; overbought 108.00/10. Peter.Wadkins@ThomsonReuters.com
Hi MaMood,
Alamak, why these news always comes late.
Haaya,
regards
Again. no chasing ! start feeling her.
OMG, David, your horse flies, out of the gates, are u still in?
Indeed...that is why I am looking for a job...this will take a while...so easy but so hard at the same time...so many different possibilities...
Gosh...we are so darn lucky to have fti showing us his dance...I do not know how to acknowledge his guidance...thanks...
Now...let see if this bull hold at 5720...if it does not I will eat 2 cakes...!
Thanks for the songs.
Please be careful, you have little clock space left.
Don't b suckered.
Start winding ddown for fomc.
I am squared.
11:15 to 11:40 they will slow down for lunch,
again dont' be suckered into positions, no gambling please.
I am square...But I guess I do not have eat the cakes...it is amazing to see how S/R behave as magnetic forces...I guess we are into a narrow range from 5720-5735...until a new event...
Hi Lusan,
you keep thinking and stop feeling her, you will lose your way !
And I am not joking.
regards
If you wanna think , think this.
How can athe market run, with an obstcle right in front of it?
regards
Idon't know if I am right, but you seem to like to trade breakouts, that can kill you, beware. Just for your info, that is the no 1 killer in markets.She love to kill rigid and chasers.
Breakout are nice...but they fail because of the bounces, news and other unknowns...they are dangerous I know...been destroyed several times...going against the breakout is nice too..
Still bear with me...I am not a trader YET but a student of the art.
Regards,
Hi Lusan,
I guess I was a little harsh,
But if you just came on thread onl;y now then , you have an excuse,
after so many months, I don't know what to say.
you seem to be unable to get the old dog out of you.
Look, I had said many times, S/R means nothing, only the way she dances it.
He dance sequense can lead you either thru it or on it, IT MEANS NOTHING.
Patterns tells you what type of MM is most likely. Instead you think about pattern when you should be reviewing strategy and position, How to protect your book if you are wrong , how to prepare for attack, what the arkets mode is, These are the important things to be thinking of. You already got PA done yet you keep at whats's being shown, instead of preparing your book.
I 'm sorry , I don't know how to explain it clearer than this.
hey...just notice...in the high time frame this breakout failed...but we collected...it
Hi,
I keep telling you and you don't wanna listen. OK you do that for I year, then you come back and tell me.
enough
regrads
Ok, you get in position now, , then lets see you after the fomc talk,
either you are deep in the money or you will spend the next 3 days trying to save your book.
oil is on rallys ,dow, vv soft.
talking bear $, don't move!
inflationcannot be lower than 2 for now,
this is bear $ talk, watch dow closely.
be careful , don't move, watch her behaviour.
mkt uncertain,in shock
evryone waiting for talk to end before decision,
Stops may be building up on both ends, I can't see orders, guessing only.
beware sweeps may become wild,
don't be in a hurry, allow swep to direct, may be both directions and volitile.
bear $ mode is on my mind, watch her, do not chase.
let the 1st wave go, DO NOT CHASE
Government officials: 2009 deficit will reach $482 billion, record driven by economy sag
The next president will inherit a record budget deficit of $482 billion
House Budget Committee Chairman John Spratt, D-S.C., said the $490 billion figure confirms "the dismal legacy of the Bush administration: under its policies, the largest surpluses in history have been converted into the largest deficits in history."
don't seem any good usd news expected, watch her move first.
Bear USD territority.
bear seen
scout out now chose zone, don't chase.
I bot eurusd at 15751 is scout
mkt still in shock, undecided.
dang scary.
too dang scary.
I say again, market is a bear.
try to get scout in,may hit stops selling usd soon.
keep size v small
MaMood , are you hearing anything else?
remember the coverted usd buying over last week , they are in trouble now, lets see if tey scutter,
If they have muscle they can reverse this , so be light weight.
Do not be fooled, the mkt is actually vv active interbank,
market makers are hit large. the question is which side.
be wary of CB in the market.
maybe CB may be absorbing the selling of USD.
I am gonna take a risk , deploying 2nd scout.
high risk trade! Bot x1 15754
There was some news from my platform that the Russians and a swiss bank were buying in early European session, but met selling of E/U from 5750 to 5760 from a semi-sovereign account.
Don't know they are rumors or not. I find such news sometimes are useful, sometimes are misleading just rumors.
What is your idea?
David
"looks like the sell off will come" -- the European session is finished, could it be?
I am quite sureteir one is hit, only suspect selling of USD. They may be OMO for CB . and absorbing the impact. if this thing hits fan , all hell breaks lose, be watchful.
All news our bad for $. if last week buyers scutter, USD is gonna run. A lot at stake.
She is too slowdancing after so much bad news, there is strong undercurrent.
watch her, news now not important , watch her.
I am committed bear usd, if she suddenly reverses, kill both scouts , otherwise will be planning mild attack USD bear strategy, once the fog clears.
Notice how the USD is being defended, the selling of USD is absorbed,
have theygot enoug ammo to reverse the selling??? millio $ question.
I'm with ya on your buy but I'm paying close attention to that 107.35 area.
Personally I'd hate to have to get into rescue work beyond that at this point in time.
Hi lilpip,
Long drawn out ,Balls breaking fights is part of Trader's job descriptions.
Of course the easy way out is tp position trade , and that can be expensive.
I GOTTA PROTECT MY BOOK.
sort of BS, cause net to day I'm up in pips, actualy good pips already.
just wanna fight. LOL my scorpion.
regards.
standing by rescue level 1
gut feel is probably when wellington comes in in 2 hours time.
but anything can happen,
prepare for volitile fight.
the alternative for those who do not want to waste energy, go to hourly charts.
Hourly game strategy is to hold the one scout.
put stop loss order just under 15700
then pray and go to bed.
Its a small exposure so , you probably won't lose sleep over it.
Then re-startegise when you wake up later.
This is the first time for me looking at the market so late. I find out you like to trade NY session. Do you trade during early Asia session?
Hi David,
not much, but I will , if I have to,
Like now, I am wondering whats wrong , They cannot hold up the USD like this , they wanna challenge me I'll be there.
All info that came out would have killed the USD.
Whats with the market, there are invisible hands, and I;m gonna get to the bottom of this, Sorry my scorpion.
regards
Most traders would have just sq out, then probably miss the opportunity. to position .
I think thats their plan. This feeling is not gonna allow me to sleep, so might as well attack her when the opportunity comes, but no one need torture yourself over it.
Its not about money for me ,
Its about resilience.
Lets see, if I still have it.LOL
What you are seeing is twinlight zone sweeps, they are normally baseless.
thats why close stoplosses, will be sweeped if you are day chart traders.
This is also good lesson , for those trading day charts and keeping close stop loss orders. they normally get them.
I'm sure you still have it and then some.
Just like to see ya tomarrow bright eyed and all.
I'd like to ad from the previous post that the reason I wouldn't want to do any rescues beyond that point today is because I don't feel that I know the terrain as well as what was dealt the last couple sessions, I wasn't ready to battle beyond that point at least for now.
Glad to see others are still at it. Attacked the G/U and U/CAD today for a few pips, but things are slow, like watching paint dry. Market felt wierd today...perhaps a lack of FA action. Talked to a friend at the CME about possible CB action, but no confirmation. Time to cut my lawn. Take care and trade well.
Rap
Hi,
If they we in the market , would have heard by now.
Checking to see if proxy was used.
anyway , thats not important now.
I m just collecting cheap Euros.
It would be interesting to see how tokyo wants to play this out.
they are the one who were doing he yen crosses , remember.
anyway nothing gonna happen until wellington comes in
probably 1:30 minutes from now. Prrobably 15735/55 range.
just rest , if you have no positions , can check back near tokyo, may be interesting.
Oh By the way, CME locals see very little of the interbank game, except for spill over papers.
regards
Hey those of you , whos tired ,please rest.
I am just trying to cost improve the long sword, just in case.
Anyway , I will post the trades so that you may have a glimpse of what was done.
orders placed
buy 1 x eurusd x 15737
sell 2 x eurusd x 15750
i really have to thank you for a wonderfull thread.
I just have one challenge .. whenever i start i reach till 20 page i feel busy and then again i come back i have to reread all 20 pages again.... seems like too muhc information...
do you have any pdf which we can read /print on the way or the only way is to read 300 pages...
if it is then i dont mind... but i thought i rather ask u if you can ans...
Thanks
V
Hi indianguyinny24,
So sorry that there's no pdf to read , as this is actually a conversational thread, which I had try to present some training for uninitiated traders, on a different perspective to the markets.
If you had been reading to 20 pages , why don't you try to continue from where you left off, instead of rereading them again. Surely you must be very familiar with the materials in the first 20 pages already.
Actually as the thread proceeds and I try to revise some of what was inintially given, in real on the market lessons, this thread may exceed the current status.
In many ways, I am sorry that this has gotten so long. But really I do not know how else to discuss issues without posting on the thread thereby making it even longer.
But if you get to about page 170, you should almost have the fully picture of how I do my trades. Of course if you continued reading, there are some finer tweaks that you may learn from the hand held sessions.
Bad one, I couldn't get the 15737 filled. Was close but no cigars.
Still trying, hopefully 15750 fills then the scout would have much better buffer to weather the storm.
goodness , the eurusd tried 15736 again and I still cannot get my 15737 fill.
It tells me heaps about that level.
I am so disappointed with the market, could someone in the US , thats reading this thread check to see if anyone is delivering the newspapers there. I wonder what it takes to get the market moving. It seems oct's black friday is gonna come earlier this season. Ah.. speaking from position again.
I had been calling around for some perspective of whats happening. And it seems there is talk of big boys stockpiling Usd to snap up US long Bonds and other assets. So its not the feds, its investors, wonder who they are. This is interesting, I get the sinking j-bond feeling again. Scary stuff, the budget deficit is reported to be gonna be .... OMG can't even say the words. some fraction of a yard of USD and my mind went to ..hey misprint...are they reporting in Yen terms now. And there are the rich clever people gonna lend the US massive funds. This gonna help the US? Keeping imports cheap, keeping productivity low, ( I mean its really not that bad until you compare it to the Big east). And most important , keeping USD strong to protect vested investments . I do not know at what price to the American people. I really need the counsel of some real good economist now.
I really cannot understand all this international strategies already.For now, back to charts. And even they are not behaving coherent. Stay nimble is all I can say. Maybe I should say small, because I really isn't feeling very nimble myself.
As amatter of fact, I feel papa bear on the USD, although it is not showing, wonder where this bias is coming from?
OK position recap,
all orders just cancelled. (both)
scout and rescue merged. now i have a 3 legged scout.
Waiting for tokyo boys, may the games begin.
You already have my crystal ball fti - remember you couldn't get past chapter 3 after reading it 5 times? Your advice to indianguyinny24 was the same as mine but I hope it works for him!
By the way, someone keeps bringing up this conversation and it's not me.
Anyway, my crystal ball is now showing market information, shall I take a photo and post it?
Hi,
Would you like to send it to all the news papers in US,.
Boy am I tired, losing focus, once I get some positions out for lunch, I will try to get a little rest before London , but I guess they are clue less too.
FTI thanks for your guidance you deserve all kind words of the world, i don?t post too much in fact this is my first post, didn?t grasped totaly this concept yet.
Attacks, rescues, spiral, fib progression...are still not clear in my mind i know the main idea but something is missing ( haven?t seen the light yet)... anyway i have to reread this thread again and again until i fully understand this material, i am a slow slow learner and my english doesn?t help much either. Thanks to all, good people, may the fortune be with everyone. Cheers...
HI Thenew,
Welcome, do the learning slowly, every inportant point gotta be used in the market for it to be come clear to you.
If you are very new, do demos, then when you are ready, do it like how all tycoons build their wealth.
Start smallest and begin to build, you may not get it all right at first, slowly , if you are diligent it must come to you. Don't expect miracles, have patience with yourself.
goodness , the eurusd tried 15736 again and I still cannot get my 15737 fill.
It tells me heaps about that level.
I have a feeling will all be dealing with that 5735-25 area in the session to come and after the way NY finished up I will be light till we can figure out whats going on.
Its funny we usually get some wandering of price after NY but not today, we stayed right where we were.
Hi lilpip,
I don't know.
May have been I was he only one in the world trading.
Usually after an extended move ending late NY price will usually consolidate into a sloping range until it finds an equilibrium, I recon this to a 24 hour mean price, today we ended NY at the equilibrium point, no where to go until some one decides to take it somewhere.
Hi auxesis,
I think market actually has a reason to go somewhere.
But big daddy took away the keys to the wheel.
So no ride on the town.
I smell them, but no ones's seen him,
Likely the proxy in , the question is who??
sir watch out , we are on the same time zone , i went and had my sleep n u r still battling out ?
im ashamed of myself now
why the bad news for dollar by the way ...
Hi maheswara,
You really had been sleeping, I should have been too.
But I smeel something fishy, going on in the markets ,
Don't you, Feel her pulse, she is like died.
read about ten postings back you will find my babblings.
Didn't sleep all night untill now? Well, no sleep whole night and with cigarettes, these can really do harm to your health. I am really really worried about your health.
I did some statistcs about trading sessions and found out that without significant news, most of times the volitility is small or non-continued trend during the afternoon NY session to morning Asia session. Therefore I gave up that period of trading. This is for your reference.
I strongly recommend you take concern of your health. The endless money and profits are always there in the market, so take a rest for your health. Anyway, the best time period is still London session which covers afternoon Asia session and morning NY session.
To you I think the market is a bank ATM, but still better restore your energy, efficiency and alert for the best trading time.
Regards.
Concerned David
Hi David,
I am humbled by your concern. I am within limits, .the fight is not about money any more. It about this dishounourable manipulating of the markets by some hidden force. I wanna beat it. Had never seen it like this before in my career.
Thank you for your concerns, but really I feel more alive with this battle than without it.
Battlestations my friend.
and pounced upon a post i made a year back... qouted from Mark Douglas, it makes me ponder abt my own developments, why i sometimes found it hard to adapt even up till today, the scorpion is still alive and well,
Abt acceptance and adaptaion,
Abt trading systems and why rigidity is only imposing upon ourselves unneccesary pain,
reflecting back...
Hi jest,
your quotes by Mark Douglas is catching my attention, He seems to know what he is talking about. If you think I was cryptic. You try to decipher what he says, it is true.
I'll disect it in a little,
The real secret behind why trading is so difficult to master is because few people are genuinely sincere about their willingness to adapt themselves. What makes it even harder is that the next winning trade can make all of this seem completely unnecessary."
, Mark Douglas
This is why the attrition rate for dealers is very high. What he says is true, apart that it happens to the dealing and trading community, it is also happening here on this thread.
Hi ALL,
The terrain changes, is the bias valid, lets see.
Isn't it a little too early to see London boys in?
If this orders driven then it is real, otherwise it is just sweep.
problem is I can see no order flows.
Thank G, they were just sweeping the 30 support.
cable has taken the opportunity to run away, huh.
and what the ... is yen doing?
for those trading cross pairs, some tingy is going on, becareful
The runaway.
You see how blissful, we are to have market makers (good ones) otherwise we would still be watching grass grow.lol
Sure shook the s__t out of the sitting ducks and we're still not even sure yet if this a bear usd market.
Just wanted to ask anyone ... ia ms till on page 29 and trust me i have some question....
should i wait till i complete all the page then ask or can i pop some question here or email you...
Please advise...
This is as one said close to a degree... and entirely change of mindest....
V
Hi ,
Feel free to ask , someone may help you.
Its a free world and this is a free thread,
But if you step on someones toes, they'll let you know straight away. lol.
EUR/USD: Early Spike Quickly Corrected
Dienstag, 29. Juli 2008 08:48:00
London, July 29. Asian trading saw EUR/USD locked in a tight range but returning European traders are at the very least attempting to inject fresh volatility into the action. Early Russian sales are cited behind the dip to 1.2726 but fresh buyers have used the dip to set up fresh longs and spot has quickly returned to the 1.5740"s, to levels close to where the sales are reported to have started. [...]
thats what worries me. I wanna deal futures/stocks or even better fx if i had the chance since its more related to my liking. But it seems that the chances to get in is slim, yet even stay within the pack.
I have a close friend who is dealing for Barclays, he's been in e business for abt 6-7 years, that would make him a senior dealer by now right? Very nice payslip i must add. But he keeps telling me to do it full time instead.
regards
Hi jest,
he;s quite right, this is a marraige.
It won't be easy for parttime lovers.
LOL and no i' m not gonna post parttime lover clip.
That's what many do not realise.
About seniority, in the markets, its dependent on book performance not in years of service.
Wow, the markets really testing my resolve and stamina.
Patience little bear, Papa bear, is he on the way?
well Que Sera Sera.( whatever will be, will be)
invsible hands on the dollar again.
im starting to think that there maybe a problem with eur itself too....its action with the queen has been a bit sporadic as of late, keep watching the developments friends, if this disease spreads to the daily we may be on to something.
Actually . i believe the culprit is yen crosses.
Front lines calling CP.
pls send bandages.
CO: why, are they firing at you,
Footsoildier, : no sir they're throwing leeches at us, , we are bleeding heaps, over.
scout is bleeding. What is the reason of this sudden push ?
Hi hemal011,
the reason is not important. The fact is as far as the price is concerned , they did.
so now we have to watch her and think of the appropriate strategy.
One thing is for sure, it is gonna expose more capital.
The fact that it is sitting on my daily cut loss tolerance zone as prompted yesterday ,makes reacue uncomfortable. Moreover remember that that I have compounded scout positions now reading 4 with an average at about 15750.
Turning is not an option.
Rescue have to be very well timed as this push after the stop hits as David informed about will likely continue. That we must expect. lets see how they play this zone first , as we will have figures releases at 10
Hi ALL,
Is there anyone trading live that is caught on the Short USD secenario.
If So please say so, otherwise I will cut lose to manage my positions as, the funny opnions thare are presented is affecting my thought process.
And as I am in live position I hav elittle time to explain to peole why I decide what I do.
This is the most thing I admire you about --- that is you can turn and never stuburn or blocked by you positions.
David
Hi David,
This trade overnight and loss , is bad trade day.
Now have to make it back , will not be posting position, I gotta focus.This is because have gone level 3 scouts , so its big $ and snowballs, I cannot afford distractions. Only music.
Battle begin after NY lunch,
Chat later.
regards
And for all those talking S/R, I hope you learned a lesson, otherwise market will teach you.Think Carefully.
Yes, if you look at your 30M or 60M charts, you can see the support levels at around 80, and then 60, below which you might expect stops to be parked. Dance with it but be careful here.
Just for your info, 30M chrts are OT here.
So is S/R. If you are serious to learn. The fact that you have some trading experience , it is much more difficult for you to compliment what you are used to and what has been presented. Of course you will be speaking from your perspective to learn, be prepared to take alot of heat, in your remolding.
Hi auxesis,
Be a little careful, seems markets and fundamentals undertone is out of line,and I paid dearly for it. better to be flexible on this now that the market has shown, that it is under hands of control by manipulation, be nimble, for which I paid dearly not only in losses but also in lost opportunities.
So they are out to trick by info timing. When in such situation , trust the chart, not the media and info mongers. flow with it don't try to fight it. This has gone to bottomless piyt for USD bears, and many are bleeding bad still , if they are any alive. Its gonna get tricky, reset, rethink.
Good morning again everyone..I missed the short ride..
First time I heard about scouts crossover...Maybe I missed some teaching...-I am read reading and finding many goodies among the pages-....or is this a new lesson?...
though I see the potential for advanced traders.
Hey Lusan,
Much that I respect that you may have found your niche.
Make no mistake that although you may be following closely, I have no doubt that you are on a different horse.
When I spoke about the crosses , I was talking about crossing the positions to the USD /yen to avert the exposure in USD for the figs, To be exposed on currency to currency until after the US figs. There is no new lesson. Funny that when all is presented , there you are still looking for answersthat are not there because of your own pespective. I say clearly , some answers you do not have because your MO is different. I hope you will give this serious thought, my friend.
regards
Sorry I shall be gearing into battlestations soon, and will not be posting while trading, until I get my money back.
take care of your mindset and the very small sleep you got.
However - wish you good success!
Hi MaMood,
Thanks for advisement, duely noted.
I am very fresh now, and all suited up for a size battle.
Funny that I wasted some range on this run. The bulls are raging, I don't know where its coming from, the bears are in pain, if any left. The screws are gonna get tight, We are trading into outside range, I have to depend on speed and size and mostly mobility, trying to avoid pig traps and ego traps, so I hope people must understand that I cannot distract my focus, therefore no lead from me. sorry.
However, please help each other in discussions/ quarrels about the intricacities of what I have tried to present, while I am at the front.
Good Luck to All.
regards.
I will come to tell you the story how I did, when suits.
I am also square and of course made less pips. The daily trend is clear to every body. Last two days, I got nothing by shorting, today I got all the book loss back and profit, and this is so called trend.
E/U and G/U seems stablizing now, but I gave up to capitalize on rebound and I am waiting for opportunities to short again after I saw a good rebound in E/U. Hope I won't pay lower prices than the prices I closed.
Good luck.
Hi David.
Oh and forgot to thank David for his info on the stops at 25, didn't see it then,was busy doing something. It was good, wondered where you got the info from? Thanks David for looking out for me.
Please rethink that which mark out in red.
Thats wrong mindset, preconcieving action is also dangerous.
I hope you were thinking aloud, don't let it bother you when in battle.
If you want to be profitable.
Becareful who you listen to and read.
The fastest way to ruin is to listen to reporter published BULLSHIT.
You either got a line to the traders and dealers, or you don't.
And the relationship to good source isn't cheap.
You pay in kind and $$.
So beware what you feed your mind with,
esp novice and reporter BULLSHIT.
BULLSHIT IN, BULLSHIT OUT
Advice from my dealing friends, too much Mr know everything except make money , out there.
The truth is any good infomation is signed with pride.
If they do not put their paw mark there, you can rest asured it is bullshit and noones accountable. Horrible place the free market. I nearly forgot this. LOL
Hi,
I think my friend is very right.
If I wanna train people , they must know who they are training with.
Moreover that when I train, I must be selective on who I train.
It is true that some old dogs cannot be helped.
He says a good teacher will never allow students to lead, esp where crowds are involved, at the end, it will be end up as a pile of rubbish and noone would be the wiser for the truth.
I am less than 10% from full recovery of the loss booked.
I am actually at the moment thinking very deeply over this training exercises I had presented to help some people here. Please do not mistaken that anyone had been anything, but great people. and I had great pleasure sitting amongst you.
It is just that there are real dangers of this way of training. On last count, I do not believe there is anyone here that is fully practising the training as it should. The few that I thought, had understood, seems to had developed their own cute looking horses. You see, all styles of trading can make money in the short term ( for a few months.) but to for it to be a viable business or retirement plan, performance must be consistent and mostly safe.
These issue arised for me, because I had stumbled the last bad trade. The loss has nearly been recovered already. Please don't worry about that. In hindsight analysis, it seems that I had developed a form of rigidity, which was identified from the episode. Where did that coome from?? What was disturbing was that as I was straying off, many were actually encouraged and there were few whistles and alarms that came from you, "the trained".
Fro that, Iwould have to conclude that either none of you understands what has been presented and not practising it, or that none of you dared to sound. (which is not a good thing). Either way I looked at it, there was no grounds for me to stand on.
I do understand that it is also very disfficult for many here to understand all that I had presented due to that you probably had different MOs before I came along. And moreover, it was difficult even when I was training live to my boys,and they were under payroll and had to adopt my style or head out the door.
What anyone here can do is, to adopt the change, in so much as they can understand . Thats where the danger lies. I had communicated to Leighsww before that if people here adopt my style, if they do it wrong, in any aspect, it can take your heads off. And this is whats biting me. If you think about it, even Leighsww had gone in a different directions.
What you may not appreciate is that this Mo requires absolute discipline, because things sometimes gets scary, as the market variance come a testing its robustness. One step out of line and we will pay dearly, as was witnessed. This case it to 40%- of this month's Profits.
What I have presented to all, is the components necessary for the development of the whole. I of course will not be carzy to show my protocol of operating it, not in a public forum, but I am too expensive for private engagement.. But in a way I have tried to present to best. Except for how the frame of mind was when certain steps were taken. I left that for you to figure it out for your self on what I had presented. The problem is I speculate that none is even close.
Remember , the difference between success or failure is only the difference of Bot or Sold. and there is a big gray zone whyby this is achieved. What I do is a very thin road , just one missed step, and it can turn out to be the highway to hell, esp with the snowballing. Consider that the bad trade was not snowballed. if I had, THINK. Something held me back , an no one here is the wiser, right? If you know what held me back m TELL ME? then you are ready.
This I have to carefully considered, not that I had considered erasing this thread so that , noone be harmed in practising it erroneously.
What was pumped directly at me, which I agree is correct is,
"Hey,(me) you haven't given them the whole thingy, they are left to their own interpretations and style. They probably do not understand. you know they may not be so experienced. So can you blame them? YOU , my friend is at fault, and may be doing them a dis-service by providing them the bullet to blow their brains out.."
yes , you were basing ur position from ur belief that the undercurrent is dollar bear
yes, maheswara
You see, I got this little hangup.
I was Tier 1 and these markets are my babies.
I do not trade news and info, I use them to give my analysis and exposure logic. Otherwise I would sound too unlearned to my peers.
What tiggerd me was the info in the market of all the horendous state the US was in. In my mind this corelated to the blopper monetary action that the feds made in her 75basis policies. That was ok, it provided the breather for the US govt to stand in to protect the bellied loans.
Then the analysis if you remember, that some invisible forces were playing with the markets. This later DutchAngel investigation turns out that Goldman Sachs was moving Jap investors funds in to USD and......
You see, I have always had this problem about people like fund mangers that give negative returns and asking for fees for losing money. And houses likegoldsman, M Stanleys, Bear Ste, merill,...etc They are not teir 1, these are brokerage houses, their core business, is to service investors who pays them bro, they publish newsletters that are, in my opinion a waste to use, if you do not believe me, you follow any of them , over time , and you will understand what I mean. They ADVICE investors on investment placements, where they have vested client interest and probably have no money in it themselves, They function like investment Bankers, But are they investment Bankers. For me I rate them line risk, only below AAA-. To me they have no standing.
THEN, we have this giant, moving investors money, cross borders,circumventing money laundering circuit tripers, moving like blocks in stealth mode. Initially I thought it was the feds OMO action that was creating the riot in the markets. This actions scuttering market makers. If you noticed how the mm very quoting and getting hit in blindspots, so much that the liquidity died off and markets became minefields, you would understand. I saw that happening, and decided that based on the bad US economic state that they wouldn't get very far with this shit without the blessing of the market. I still don't know if the feds gave them their blessing......
To cut the story short, because of my unhappyness of their disturbing "my babies". I took a bias against their position. Thuis blinded me from the usual nimbleness in analysis and MO.
Mindset became bias, fixated and rigid. And all the bad stuff I had been warning against came into the trade. I went on a crusade. Only on the second day , I came to realisation of my err and even when David was speaking about stops resting below a zone, it fell on deaf ears. Actually I didin't even saaw his warnings until I had liqudated the positions when it had turned bad on me.
What baffles me now is that no one saw that,
noone warned of the changed mindset.
No one questioned.
So I would presume that noone is practising my methodology presented here.
Otherwise there must be some discussions or questions.
It is nice to be here to communicate and share knowledge and music and socialise. i was more thinking if many can learn something , we have some kinda community where , like what MaMood and some are doing sharing info. views , even positions, thatif anyone was out of line then maybe it would be a sounding board that, hey something is amist. Lets all discuss and see if we can find the reasonings. It would also be a kinda bells and whistles for traders. Sure we may not all have the same positions, but really the general bias shouldn't be too far off. Even between market maker , when we chatted sometimes, most of us tends to have the same bias, info eve views.
Not to question the teacher, just my humble observations.
1st, I agree totally about news and articles, most all are written with agenda or after the fact trying to decipher and guess.
To your comments, honestly, i doubt that many if any can see on the charts what you saw. Your time in the banks have given you a detailed eye to chart patterns that most have not or will not develop, without the same background. I just saw consolidation and dropping volume, leading normally to breakout but the cause is mostly unknown.
Everyone, hope I'm not speaking out of place, watch your methods and entries to learn, so when you enter or position, we watch not questioning if your MO or mindset is not in line, we take for granted it is.
This shouldn't be a concern as proper trades and mistimed trades both teach as long as the teacher is not left hanging out in the course of teaching/training. But to question the teacher " Hey are you doing something wrong?," seemed out of place at the time. We post expecting correction if wrong, not the other way around.
regards,
a
Hi auxesis,
I understand where you are coming from. But this is a thread in a forum,Sure I presented my skills and ways and am "teacher", but this is not 1st grade and I am no dictator. I even question Board of Directors, if i felt that their actions , were incoherent to me. Thats how it should be , thats he only way to learn anything. Whether you will get a response is another thing, that if it was asked politely and with dignity without being sarcastic ? Who wouldn't appreciate an honest opinion esp from the newer members who join.
If one was wrong, of course , we must learn to accept some heat in the molding.
The purpose of the hand helds sessions was for the benefit of those who came to ride along .That you may feel the 1st hand emotions and analysis of the moment. The "feel" of the dance , that when you reread the thread ,you may recreate that which you feel to what you may see on the charts. It was not done with intent to lead, or to guide trading, but to enhance the learning.
Seriously, If you read the segments of those sessions , without having rode along, I doubt you can se much.
Anyways , theses sessions do get in the way of my activities, I would re think idf this action is wise, (on its impact on my book.)
regards
B the way, I would be all ears , if anyone can give me a case , for the exixtence of this thread, that an impatient lad of limited knowledge and experience may impliment this Mo without indepth understanding, and by such blow out his pockets or his savings, even his life.
sorry for beeing late - it's not my normal time for beeing in here.
First of all: Congrats to your 90% recovery so far.
Thanks for taking the time.
Thats my nature, I have little tolerance for losses.
Now to your question.
I felt your problem that night, but I was hesitating to bother you stronger, than I did with my hint about your mindset.
It's my problem/fault, that I felt not strong enough/not empowered to admonish you.
You are the Pro. You see so much more in the charts, than most of us. Most of the time long before us. So I thought that it wouldn' t be a good idea to complicate your trouble/situation more with my thoughts.
What I detected was the following:
You did your trades not baesd on the PA. You had some expectations for the the near future, how the market had to move due to the very bad news for USD.
you may understand why, if you read a few postings back.
You gave me very clear hints with your repeatedly question concerning the CBs and some abnormality in trading volume. That pointed out, that you were focussed on your expactations and not on PA. The fact that you asked repeatedly and the way you asked showed me, that you were distressed. You were bullheaded in your idea, how the market has to react to that news.
No coolness, not enough distance to refocus on the "real" PA.
I dectected unseen handsin the market , moreover I detected market maker, reluctance to participate. Noticed how the market just dried up.Some thing was wrong. I feared if the unseen hand was CB. Over the years , the only market hands I fear is CB OMO. I had been invoved in such and from my exoperiences I know what it is capable of, others I know I can handle. I kept checking for CB presence, because that would be the que for me to bail out. Only that I couldn't see them anywhere, And I didi check many avenues. Then I became agitated that the stealth USD buying could riot the market. The rest you know.
Sorry, but in the future I'll pluck up one's courage and give my thoughts to anyone, that I detect is in trouble.
Silly, there's nothing to be sorry for. Only that this episode prompts me, If anybody understands what I had presented. And my frends made some comments.
By the way: It's very difficult for me to express my thoughts in written english. Not sure, that they are clear to the reader. By no means my writing should be offending to anyone.
No one should fear to be offensive, when they give comments honestly and politely.
Hope you'll stay with us in the future.
I/we have so much more to learn.
I/we admire our trainer!
I/we need our trainer!
Thank you for your kind words, I will KIV this , in my thinking fro a decision. You had been most generous in your participation in this thread. I commend you for it.
Best regards,
MaMood
Edited:
Oh I forgot to answer your question. I think at a certain point of time you noticed that something was going wrong. You reevaluated the situation and decided to close your positions as soon as possible. That was undoubtedly pro-like!!!
It was good to think that I still have a little sense, after nearlty two days of being as ass, otherwise could end up "dead pro" LOL
You intuitively felt, that something is is fishy in your mental framework
(something external had disturbed it and based on that
disturabance you did entry based on fundamental analysis,
rather than plain PA).
When you realized that, you closed your position immediately.
Actually it was excellent example of situation, when
"a broken system realizes by itself (with no supervisor)
that is broken, then presses big red button, then reshape/repair".
I wish I had such ability soon
Apologize if it sounds roughly, no intended offense.
-fxa
Hi textor,
Touching music, almost made me seeing that the princess., that I would too, then I thought, hey, Iam not getting marrried again. And that didi it.
and thanks for all you explanations at what happened to your mindset the last days. As always very enlightened. Hope you managed your 100% recovery at the meantime ...
Hi MaMood,
The book had turned +ve this morning.
becareful that the USD bull run may not b over yet.
Looks like traps.
The following info I got from my broker cos I was asking them:
here are around 170 currencies in the world. However, activity is concentrated into six ?major? currency pairs, which account for around two-thirds of the total turnover.
I am glad to hear this. I felt bad that my post seemed to be the trigger to your biased mindset. I was reminded of one of the first rules of trading I was taught which was to ignore all news and opinions and in fact if I had the balls, to do the opposite of what was headlining.
Although painful for you, this was an invaluable lesson for all of us. Damage is part of the battle. At one stage in this thread, Leigh was saying that losses were no longer necessary, that we could turn every trade into a winning trade, and although I knew you disagreed with her, neither of us corrected her strongly enough.
There may be dangers in this way of training, but what are the alternatives. You have immense knowledge and a generous heart. You are willing to share this and your time at no cost. For this I am eternally grateful.
I respect you and reading posts by other members here, we all wish you to continue this journey we have embarked on, but if it is to detriment of your book it is obviously not viable for you.
As I am late in this discussion, have tried to keep my response as short as possible.
Hi DutchAngel,
Don't go taking guilt trips, the mistake was mine.
Absolutely no doubt about it, it was mindset, and no one can affect me there, except my own little scorpion.
fti is this the reason why you said that its usually eurusd that leads the kingdoms?
Hi jest,
No, no one kig actually leads, they all have their affairs.
By the way did I ever said that?
I do Eur for sntimental reasons and mostly I always trade the most liquid markets, lest I run into manipulation in thin trading. Thin markets are easier to be manipulated by big money. And its hard to fight big money.
Still be careful the size, maybe there would be wave 3 for E/U G/U.
@fti, would it possible?
Hi David, good questiom for FF owners.
I don't know if there will be another wave.
What I am seeing is USD bulls rested for a little while.
If those yen hits the market again, probably be another run.
It depends on them, I guess.
For noe it seems the USD bear are running out of steam.
Yeah - the good old DM.
At that times i could buy for example a pizza (typical italian food) for 8 DM.
Now I have to pay 8 EUR (ratio between EUR/DM is 1.95583)
Hi MaMood,
Count your lucky stars that you were on the easy side of the wall.
Think what life had be like if you had Rentenmark/Reichsmarks or Oseischmarks ( forgot how to spell this East German marks) in your pocket.
but the yen been funny too , its momentum would abruptly die ...
Hi maheswara,
of course.
If you had lots of USD to buy and you took all the offers out. You wouldn;t want to move the market makers. Not until you had bot enough. Only after you are satisfied, would you want her to move, right.
Similarly if the market retaced on your position , it would be advantages for you to bargain hunt, right? Wonder why the USD/Yen never retraces and move steadily. It seem buyers don't want to scutter markets. If the market tries to run away , they will mobilise resources to imobilise it.
Thats y I call it manipulation. All is at their mercy. I prefer liquid markets try manipulate those.
regards
For evey bull , if not for the bears on the other end . the prices will only be gapping and you have incoherent charts.
Also if not for market makers sweeps, all buys will sit on the bid end and all sellers the offer end , and both can sit ther looking at each other permanently.LOL Wait for the day when all market makers are taken out of the market and all sits on elctronic book, then you can trade money changers style.
Hi picolo,
Used to be there were liquidity which is very dried up it seems.
Don't be mistaken, I am taking about liquidity not volume.
Truely , liquid makets have myrid of buyer and seller,
whereas if markets comprised large trading blocks and groupings, then only got stampedes and gaps.
last rescue posi out, don't want to stay in for too long
B x 5 x E/U x 1.5616, some pips booked.
reason is PA in U/J and G/U..
update: seems I was too hasty..
Hi
Ai Ya you could have got 05 from me la. later i making 50/60 big fig is 5 ok, just jesting.
ok, go find some ways to spend it. I am happy, you rescued well.
Ok.
But if it were me that has to buy the USDs, I would take advantage of especially illiquid market situations i.e. when London or US boys are out for lunch, to bring the price down in my direction. And buy them later, when the boys are back.
Is that the standard behavior?
If not, why not ???
Hi MaMood,
There are many ways to skin a ...., Antra's around.
It all depends on the situations.
considering ur a big boy,
in illiquid times you will never get a good fill. And if you are a bear, you will have to offer lower and lower to fill your position viser versa for a bull, you are essentially moving money to weak hands who cant sustain the prices for you, it becomes hard to seamlessly move prices thus you get gaps and what nots, it'll look spectecular on the charts but you know the boys are not with you and your average is not too pretty/favorable either
i hope i said it right, fti can whip me if im wrong...
Thus the lads will play you out till you become a headless chicken.
Hi jest,
You think big boys are so rigid that they have only one card up their sleeves/ Now where's that whip. :whip:whip
by chance, are you looking at the aussies.
heard the housing slump has hit our mates.
Hi,
Yeah, but if I was to uproot, will be missing much stuff.
excluding curry noodles, only, la.
but the calamari is v nice... and of course I would be fully loaded with fosters.
u can get em there i heard. those cancer noodles
u should go there and deflate the nasi lemak prices lol.
Also reasons why i decide to look for pastures closer to home. (Cameron)
I'm thinking, of dollar averaging due to cheap exchange rates. I'd throw in the lump if MYR decide to rally up again. I've already got one hand on an apartment. Thinking if its possible to broker for some hilltop land.
Wise?
Hi,
If thats the direction , you wanna go, then contact my properties agents there, I got some to get off, my hands for quite some time already, just waiting for the right sucker. Any chance? And hey don't bargain, I am cutting losses.
I am teaching my son the guitar..when he first started to learn he would do whatever i said.. no question. now he has more skills he questions me. i say try it....he then comes back and either says yes THAT works or doesnt... Sometimes it works for him not for me .....Varying styles!! But we both agree on the basics..these do not change `building blocks`. I think wot i mean is as he becomes more proficient at his chosen discipline he finds the need to question the whys? to find out why!
I know what its like teaching `hands on` and to be able to see the results of the teachin. When he first played ` live ` with my little crowd, just basic blues ad lib type .. if he got into difficulty I could `take over` with my guitar and there was no probs.. he appreciated that! now if I try to move in I get a look that says..I can do it .. which is fine ..I know how far he can go. with playin live ad lib he has to `feel` the other musicians and how the tune is going. Is this relevant? maybe ..
I wouldnt like to teach guitar over internet !! you just cant get the feel of how the student is progressing.. not that i have tried!.
Sorry for the long winded post at this time of day! just trying to put forward my thoughts on the limits of internet teaching, and how difficult never mind frustrating it must be.
Many thanks again to FTI for re-opening my eyes to this game.
David
Hi David,
I like it when people can see eye to eye on life's experiences,
Thanks for extracting this out from your PM for their education.
Much obliged.
lol now i wanna get a good price here. You mean in Cameron? What was e exg rate when you bot? Now now, if im a dealer, i'd like to squeeze the most out...u'll have to find somewhere else to re-avg.
its tiring making the trips to a fro. But im seriously considering to look for a cooler place to retire to one day.
Hi,
If you are really interested , I can get the agent to speak to you.The props are held in company proxy.
Hey , if the weathers the issue, I recommend buying a more powerful air condition system. Much cheaper in the long run.
Hi ALL,
just got home. Had a nice dinnerout.
Woh, what a horrible response, to unemployment.
Looks like 15550 not coming ,huh.
Looks like crystal ball not useful, huh.lol.
Charts looks weird, seems USD bulls insist to defend greenbag , even after bad figs. Ok lets see if more figs will come.
Powerful defenders.eh, i guess thats what they mean by raging bulls. LOL
Yes. I reduce G/U positions with +pips before figs. I never close all before the figs to prevent emotional urge to be a pig. But the size is small, 100 more pips against me, it's still quite OK.
So you took a gamble, ok now you are wrong.
So you wanna trade against impulse?
and mount rescue?
and that is protecting your book?
Please think clearly. before you decide to do any thing rash.
you are not careful.
If you were trading for me,
I am sorry but you just lost your job !