Hi Piters,
Thanks . I peruse the music which you linked.
Good Er Hu music, very serene.
I also took the liberty to check your journal and MO. You seem to be trading professionally.
You have something , One thing I can say off hand , not having gone into detail is you are dancing the market, not so similar to me, but nevertheless you are dancing.
Your mindset is basically AOW, I don't know if you noticed by now.
I will check out your MA bands, when I have some time.
Off hand I think you are trying to determine the impulse volitility from the bands. If that is true , I would like to tell you that you don't need to do it that way. But since you have documented it , I will study it and may give you some feedback at your thread, when time permits.
I also felt that you have good foundational Tech Analysis, the con side is that you may have overdone , and may have muddied your good foundation with some predictive analysis.
Thanks again for the music, I like it.
reminds me of the violin trebre, this very new age Er Hu.
Just got back from some errands.
So be careful , amongst we have some bears and some bulls,
makes for a whole new market here.
Beware the bulls is still dominant in the market.
The USD bull , he seems to be in the USD/Yen the crossed USD bull in the EUR/USD and GBP/USD he seems to be a function of the crosses, therefore is weak.
Feels like I'll be sitting on the bull on into the asian session, hate to trade against it till it shows me somethin different.
Hi,
You are right, lilpip.
This bull is still very alive. Have been riding this bull cautiously. All the figs had not indicated any change in the undertones and the Usd still seems strong, without much resistance to its progress.
Seems there's some sentiment out there that a retrace is due, what goes up must come down, down up attitude. But any question that was there as price formed a triangle all week ,was put to bed as the top was hammered back down and broke out the bottom.
Only thing is be very cautious as the Euro zone is on Holidays tomorrow, market may be thin later on.
Hi auxesis,
That which marked in red.
Wrong frame of mind.
Stay relaxed, if the retracement comes then react to it,
Otherwise DO NOT THINK about it. Just Flow.
This is where most of the traders fail in.
Thats why traders must have multiple levels and strategies.
The mistaken frame of mind of small traders, is when their positions are in profit, they start looking for take profit levels. and then the frame of mind inhibits their ability to ride.
For position traders ( term positioning), they have the right frame of mind, after positioning profitabily, they put stop loss order and allow the position to ride, using the stop loss as their thinking mechanism. In this MO, they mostly fail due to their inattentiveness to the market, so they do not baby sit their positions and are non reactive to changes , therefore mostly let their profits get eroded from them.
Thinking retracements in a trend ride, paralyses the traders ability to analyse and strategies. Mostly due to their frame of mind being stingy.
Yes, comments received and well taken thank you, I was more referring to some other threads here at FF.
The Dollar is King for the moment.
regards,
a
Thats much better, King or not, you dance her.
You see, auxesis,
The reason for me giving all this away to non institution players, is cos' , these days far east have lost most of their good market makers and traders.
Compared to my hot days, there were so many of us around.
After some rogue trading by the wannabes, there is so much red tape and risk management imposed on the newer generation of TMs and dealers that, most of the good skills are being lost. This is because , the new generation of dealers only does trades back to back on exposures to protect their behind.
As we move forward, they will become obsolete.
I look forward that , the market players may carry the ability to trade , the traditional way in the future. It looks like the treasuries are being overun by college managers and bookworms. I don't see many that can carry the job.
Let see if the traders who trade their own portfolios, can carry the batton.
This is not meant to insult anyone, but just think what type of mindset a traders carries, when long the dollar bit thinking retracement. The only thing that it will do is to make you nervous on every quote flash.
How much of that jumpyness can you absorb before you start making nervous trade decision?
Can a nervous trader ride moves?
Can a nervous trader think and strategies?
It was very wise traders, who commented in some writings, that the reasons why they are profitable is because they DO NOT listen to a lot of junk that is circulated in the marketplace.
They seek facts and they think and strategise for themselves, instead of depending on the propaganda.
Skillful traders do not talk market, they lISTEN to market not traders.
One of the best methods is to watch her footprints in price charts and being aware of the driving fundamentals that may pose dangerous to book.
fti, is this happening in ur pvs workplace?
You could have stopped it from happening aite?
No, I am retired. I receive some request from my understudies to speak to the TMs about the new treasury protocols. They hoped that the new managers would listen to the old cooks. But what I had encountered was ego at the highest order. The the younger thay are the bigger the chip on their shoulder.
Well, thats what they get when they have PHDs trading fer ya.
I have no problems with education levels nor qualifications, just that it seems when they have paper, they think they know all. Its sad that these people supposedly to be "educated" tends to have little education.
can you explain the above in more detail? I would love to hear the stories. This is like market wizard. hehehe.
What storys are you relating to?
Why will they become obsolete?
and what do you mean by trading back to back on exposures? Sry these things are foreign to me. pardon my inability to catch.
"Back to back" is the glossary to mean to fill orders without taking risk.
Example. the brokers you use. they have your orders, yes.
let say you wanna buy USD/ABC at 1.0000. They carry these orders and when it comes to the level, they don't fill the customers immediately. They go looking for prices everywhere. And when they find a bid for 1.0002 then they hit the quoting party and fill the customer at 1.0000. Thats why these days at extreme prices, theres much disputes with customers in terms of fills. In the old days , we absorb the customer i our book as soon as the level is at the money and trade the position to the best of our ability. The customer gets his fill immediately, the risk we manage in our books. We were skillful enough then to get at a min 10 pips for the risk taking. These days tey are happy with 2 pip and do the musical chair dance with each other. And they call this skillful risk managing.
If this is skillful managing, then I guess anyduck can be treasury MANAGER.Why do you think and electronic book is developing in retail? If this eCN becomes successful, then treasuries will be resigned to back office operations.
This is also the reason why i shy away from the forums when im in an active trade. I dont want to get those, 'ahhhh' moment. Not saying that im skillfull, but surely a wannabe to the quote above. lol
tonight you have given again very helpful insights to us.
Thanx for that.
Well - things have changed in the trading rooms. Mindsets and approaches are different from yours - may be a little single edged.
Some idea comes to my mind:
If me and some others were able to get your philosophy of trading become our second nature (making constant profits for my living up to my retirement), maybe we should launch a small kind of "fti foundation" to hand down your very valuable insights, the fti way of trading to traders, who are interested in. To people, that see the intrinsic values of your philosophy in in trading and life ....
As someone, that I hold in high regard would say:
Battlestations .... ;-)
Hi MaMood, thats just the problem.
The men I trained during my era.
They mostly come out and trade either for themselves or for some rich dud.
And this is not only happening to my boys, but that of other mentors. The new treasury enviroment is becoming non condusive for good market making and soonest whats left there is just bookworms.
Be a little careful now.
a 5 wave completion is seen in the Eur.whether it will extend.
I don't know. Just otta dance it.
It best to realign your size exposures.
Actually, its best to be sq.
Not much of market is expected with our Eur friends on holiday.
Moreover , if the pressure continues, could be in zig zags, so unless you are up to trading ranges, best take a rest . LOL
Thanks jest...I always have trouble counting those waves.
Thanks fti ... Taken your advice and closed my positions.. good pips to be had today despite eur. holiday.
Have been busy with the olympics (watching not competing)so not much trading for me..spare minutes I spend in archives of this thread..I'm a slow learner, but my account is steadily increasing so I must be doing something right.
MaMood... I was really excited for you when I read of your lightbulb moment, it gives me hope that I might someday achieve that as well.
Hi All,
many request for me to comment on your rigidities.
I am sorry, there is much mis-communications.
When Have i ever presented to cut after 100 pips and the likes.
You want to be rigid , then its your choice.
I said dance the rhytym, then apply appropriate MM.
Some of you are so engrossed with levels , I can't see How you can dance.
And also David is so worried about levels that he can't dance.
Look I took profits of my Eur yesterday at 1.4855
then I went short Eur again after that at 1.4830.
So am I stupid or what?
Later I appied attack seq at 14810/15 zone.
Guess where I took profits.
Why you people so rigid?
I tell you why, you people have little conidence of you ability to dance.
It is that which you need to focus, not the MM. The MM is only a tool to help yourposition average. You dance bad, and you average to the poor house.
Howdy everyone, I gotta chime in here with thoughts on rescues to run past everyone.
Rescues have to dictated by PA alone and each one will be different as in # of pips but I?d think the mindset would be similar.
When we enter a scout or position and price goes against, a few things have to be taken into consideration. Is this a reversal or is price just in a retrace and where is the last footprint on the chart that determines direction on the 5minute trend and the next larger.
If it?s still in a retrace on the 5?s ( not violating the smaller trend ) a rescue might not be necessary but you might get a chance to add to move. This is what Lusan was referring too yesterday ( I have to add here that this should be done with caution and careful observations on the small trend, you would want to catch the 2nd impulse wave as it will be the 3rd or C, after that imho is risky as you might be loading up into a reversal)
On the rescue if a reversal, when price breaks the last turn point that was your base you will have to wait for it to start it?s 1st correction coming back to you to mount a rescue. Your rescue point will need to be between prices current point and your anchor point turn that was violated as price will usually use this as broken support/resistance.
If price turns again heading away from you before rescue was completed you need to look to the bigger chart to see if the higher time frame trend. If over all price is in retrace you might let initial position bleed and mount a deep rescue/ actually reenter the trend from a spot on the daily ( this might mean let the scout bleed for a while)
If the larger chart is pointing the opposite way ( that means your initial was wrong or you were on a counter trend play and you might want to kill the scout as you will be fighting the trend to rescue.
Sorry to ramble.
Regards,
Hi auxesis,
Thank you for your trying to explain.
I was thinking that you may try to explain the millions of possible variance to them.
Anyways, I think you may have the understand.
But I cannot be sure, as the last time I thought that Leighsww understood, then it seems she went a different way.
Then there are many I believe that got it,
Then the surprises again.
Now Lusan also sound very close. But He had always being close , then I sudden realise that he hadn't got there yet.
Its so difficult to help people on the net.
Cannot see their real development.
after this week, I became convinced that I do not dance but trample on my own feet. Way too many missteps....
Yes, It was fantastic watching the last 5 Elliot waves of the bulls. I danced it and saw how it matched fti's strategy...Imagine, I was up early morning, counting waves, getting to wave 5 and tellling myself "would PA now goes north? Let us see."...collected my profits, pull the plug and back to bed...then coming up from bed and seeing the reversion made me very happy...I see once again the power of his methods..
(How to explain that everyone was waving last night...Synchronicity)
fti's reminder that some people here are rigid hit the point...I am...I have rigid skew and even a rigid/confused methodology...I am back to basic...just learning how to put that scout out...how to listen to the music...defining the proper strategy depending on PA condiction and wave count...etc....
I believe that my fundamental problem is that give too much value to bad books I have read... quite a few of his ideas do not match with some of the things I read...others blind me I in their simplicity...
Back to basic I go...and you?
Final thoughts: bulls are out, even when 5M dances a little bear...I believe if I dance I ought to be dancing as a bulll, why? Bull day and bull Hour...but today is Friday and Euro in holiday...what to do?...Flat out; I will study 1H charts, check for waves, and reconsider a flexible skew...
fti, thanks for your teachings and PATIENCE!
Have a nice weekend...
Hi Lusan,
You seem to be waking up again.
On the onset you had found your niche.
You somehow lost your way, I don't know why.
Probabily you adulterated your MO with book techniques.
I hope you think again, carefully, back to basic, my friend.
What beautiful voice and what beautiful ladies, once again they go straight to the heart without understanding a single word. I think I qualify to the feeling.
I mean feel the market too but the market feel is different...
Thanks
Hi ksl,
That is the same lady in both songs.
Her name is Teng Li Jun.
She was a friend back in the 70s.
She was a very famous and simple person.
She was to marry one of my friends back then but his family objected and couldn't accept the marraige due to her singer status.
Heart broken she went to stay in Japan and later to Europe.
I didn't hear of her again, until her death was reported in the media.
I gotta stop there's a few hundred songs.
The thing I feel most sorry for her , was after that problem ,she never got married all her life. Thats the problem with Fu Zhou families, We don't have full freedom yet, even until this day and age. One of the negatives to culture and heritage.
1. i often find myself taking profits too early
2. not real guts to put on an aggresive attacking sequence.
im not sure why but its been always in my mind, proly due to fears and habit to quickly take profit when in the money, only to see the price moves further my way.
Abt rescues i think you have gone thru great lengths to explain but it seems that i still have not gotten the picture yet. Problem is at which point do i really have to bite the bullet? Margin call?
all i want is to do a proper rescue and then get abt my business with the correct direction but my account is not big enough to take certain levels of pressure, there is a breaking point, well lets just say that my dancing is not good enough to allow me to identify proper areas for rescue and i keep finding myself engrossed in skews.
I have always found it easier to quickly bite the bullet, i.e. let the rescue troops die along with the scouts, thus reducing my suffering.
i'll get back to basics, its always easier on hindsight but at the point of time where u pull the trigger its often hard to explain the juices running through my mind. I have a long road to travel and much to learn, often, i try not to be rigid, but how do i overcome the possibility of not losing my whole account along the way? there has to be some sort of limit right? my question is, where is the limit? I need more guidance. jest is lost.
good weekend all.
Hi jest,
Very easy problem to solve.
Just stop the greed, until you have mastered the skills and mindset required.
Start your trading , very very very small and practise your skills.
Make the 2 cts, 5 cts, $1, $5 and you will SLOWLY find your benchmark.
You may take like 5 to 8 year to get good at it.
So it is sucidal to try to emulate me, I am beyond pains.
Every body wants to be champion trader, but champion traders take a lomg long time to train.
Put in the wood first before you get the heat.
You see many of you have never seen this side of your emotions and capacity, the (virgin) traders that thinks that they can steal a glimpse of what I do and try to emulate that in live trading. I assure you I have their testimonies, they turn rouge traders , without the proper perspective and mindset. So be forewarned.
Trust me, follow my advice deligently. Learn, you are bound to make mistakes,but learn from them when its manageble for you. Even I make mistakes sometimes, but I have the capacity to recover, DO YOU?
Maybe he is just tired...and ready to take a weekend rest..
Hi Lusan
I think you may be more tired than the Bull.
Get a good change this weekend. Relax, Stay away from market talks and go unwind, Come back next week, fresh and then dance her.
Why can't you stop imposing your thoughts on her? Why.
Let her tell you.
No more intelligent talk about her, just feel her and follow as best you can.
You got too much experience, on the hangup side.
Your need is to feel her pulse, Don't go telling her what her pulse is, let her tell you.
Please correct this , otherwise ,this is an impass.
And if you insist to use indicators for feel, then OK, you're on your own. Don't expect support from me for that.
If you think I am angry, let me tell you I am.
When you first started on the thresd, I had great hopes for you. You were fast, even faster than I , you paced her, you were dancing.
Now you talk like all the book trained traders, you talk market junk, you ask too much questions instead of dancing it.
And why the change, just becuse you now trade for longer periods, you changed you whole mindset and MO. Frankly, from your new postings, I think you lost it.
Don't believe me, reread your own journal.
See if its the same you. You have nmatured , only to the dark side.
Get a good change this weekend. Relax, Stay away from market talks and go unwind, Come back next week, fresh and then dance her.
Why can't you stop imposing your thoughts on her? Why.
Let her tell you.
No more intelligent talk about her, just feel her and follow as best you can.
You got too much experience, on the hangup side.
Your need is to feel her pulse, Don't go telling her what her pulse is, let her tell you.
Please correct this , otherwise ,this is an impass.
And if you insist to use indicators for feel, then OK, you're on your own. Don't expect support from me for that.
If you think I am angry, let me tell you I am.
When you first started on the thresd, I had great hopes for you. You were fast, even faster than I , you paced her, you were dancing.
Now you talk like all the book trained traders, you talk market junk, you ask too much questions instead of dancing it.
And why the change, just becuse you now trade for longer periods, you changed you whole mindset and MO. Frankly, from your new postings, I think you lost it.
Don't believe me, reread your own journal.
See if its the same you. You have nmatured , only to the dark side.
Hi Jest,
Ok here's the low down.
What you have been reading is a bunch of people who know little about the markets.
Let me explain on your posting for you.
regards
Quote:
Originally Posted by jest1081
hi all,
i would like to disccus some of your views. abt central banks.
as we know the most popular bank the FEDs has been a very active market participant lately.
Just that you are clear. The Feds is not the Central Bank, In the US there are central Banks at every state. The feds is the Federal Reserve Bank. She is not a participant, She Owns the USD. All americans only are lenders of the currency as legal tender.
We wanna talk abt free market, something jim rogers and a slew of other investors have been constantly complaining abt. Their actions to save fannie and freddie and some other big institutions are making alot of people unhappy, coz this may be at the expense of the economy and freedom.
The function of the Fed is leander of last resort to the financial system of America, so if they don't come in to save the instituions of assets, MAYBE you would like to tell me , who's responsibility is it, to save them?
So these guys are complaining abt no more free market
What, have the Feds come into the markets to impose any rules? They just use tools available to them to calm markets and assist market indirectly. Any body can use tools available to them to ASSIST as they like. Why does the owner of the currency not have the same rights to do so?
but i do agree with them that rates...instead of the central banks deciding, they should just let the market decide it. What do u think?
The Feds they do not determine all rate for the USD. They just direct the base lending rate for the interbanks. The short and long rates, they are trade in free markets and have their own distinctive yield curves. So what has the Feds gotta do with rates for you people, They just control the lending and borrowing between the banks. Just because you, the markets, use her BLR to detemine your paper liquidity you blame her for your own woes.
But have we try to identify the FED as part of a the whole market setup in the free markets instead? What rubbish is this, they own the market.Take their actions as part of the market action instead of a govt intervention? They are not govt. The govt borrows from them.I mean everyone has vested interests right?What do you mean?
what are your views? abt the current feds action, expected reaction and consequences? Look , jest, its a free market, anyone is free to buy or sell as they please. The feds, they too are free to do as they deem fit.In the end it is still just the market...Yes, in the end of it all, they are doing what every body is doing, trading the free USD.
I think I will chime in once again with a few thoughts.
1)capitalization (you need it) for the proper dance.
2)ants work, start small and work your way up it will compound over time.
3)The scout, my scout is very small and can bleed for a long time before I start to fret over it. If I have to wait for the proper time to rescue I can wait it out.
4)with my small scout flowing with the market I can easily rescue or quickly add my big guns to the fight for a quick attack.
5)dance with the flow, everyone talks about banks ,oil,gold, etc. but the true teller of the story is price action. Watch the dance!
6)the skew, it can be added to as needed and your feel of the market will dictate that just keep your progression in sync with the fib. #. You can skip into higher levels if you feel confident.
7)Time, I have a trade and it took me 5 years to get my ticket ,and when I finally did I didn't all of a sudden know everything(i'm still learning) PATIENTS!
After saying all that My scorpion is proper scout entry. But, I'm getting quite proficient at rescuing.
Thanks again fti for keeping my book in the +++
Hi musgrove,
You"re welcome.
Keep up the form, hold to basics.
Dance well.
The Tang poems.
The Chinese Classics about life, honour, chilvarism.
These is a short excerpt of it.
This is a life long pursuit.
Teng LiJin - Human faced Peach flower.
Her interpretation of her life.
The corner stones of her Honour, Filial Piety, self-sacrifice, coping pain and loneliness, surrender to heaven (fate), determination, discipline. The spirit of Chilvarism.
The excuses of her strength and stamina.
Is this stupidity? Many this days will say that.
That is because many don't understand Honour.
regards
Yes, 愛につつまれ
Yes, kono mama watashi wa, anata ni naritai
Yes, just as I am now, I want to turn into you
Sono hitomi no naka ni, tokete shimai
(if) by melting myself into your eyes
Onaji yorokobi mo, donna kanashimi mo
the same joys as well as any sorrows
Wakachiaeru nara
I could share with you
--Refrain--
Anata no karada ni nari, kanjiru koto dekiru
I could turn into your body and feel
Asa no hikari mo, sora no aosa mo
(as) morning lights and the blue of the skies
Ai ni tsutsumare, kagayaku kara
shine surrounded by love
Yes, watashi no subete o, anata ni agetai
Yes, I want to give you all of me
Sono ude ni dakarete, iki o tomete
held in those arms and holding my breath
Toki no sugiru mama, koi o shita mama de
as time passes, while loving each other
Hitotsu ni naretara
(if) I could become one with you
Anata no kokoro ni nari, tokimeku koto dekiru
I could turn into your soul with my heart pounding
Yoru no fukasa mo, yume no fushigi mo
(as) the depth of the night and the wonders of dreams
Ai ni tsutsumare, kagayaku kara
shine surrounded by love
--Refrain--
PSSS AND WHOSOEVER IS PACING ME AND FLAGGING FOR THE KILLING OF THE SHARED YOUTUBE VIDEOS, YOU SHOULD BE ASHAMED OF YOURSELF, MAY GOD HAVE MERCY ON YOUR SOUL.
I found I have more white hair after reading this valuable thread,
The "dance" , many times it seem that I get it, but when further thought of it, I lost it. However, at least I learnt what kind of mindset should be when trading looking at the chart : No prediction, focus on the last PA to feel the flow, absolutely nimble to react (rescue? attack? reverse? rescue/attack again? , etc until we win the battle), and absolutely no rigidity as to price level, amount of lost (this is with sufficient capitalization) & profit we get during the battle, treat it as nothing more than a number.
Is the "feel" & "dance" beyond language description ? like we are unable to tell/explain 100% what is "sweet" except to experience the taste ?
regards.
Hi,
Thanks for the white rose.
It is not necessary, not on your avatar.
Thanks for the gesture, but you may have misundertood. I am not .
no matter what antiques you play, the market will continue to adapt and re-adapt. thus fti has shared one of the most important thing, the only way for you to keep the stop losses away is to pace the market....that word pace...has a very important meaning. you dont ever try to beat her, pace her, if she moves forward u move forward, if she moves backward while ur were pacing her forward, give her sometime, see if she tracks back to u, else, chase her or seduce her (if you can) lol.
good day billionaire
Isn't this the foundations of the dow theory?
What is the dow theory?
So what are sma,ema,cma,macd, stocastics,rsi, .....what are they?
these are tools to benchmark change.
What are these indicators benchmarked to?
What is the point of reference of these indicators?
They are rigidly benchmarked to a chosen parameter.
Which parameter is most reflective of the market?
Isn't this technical Analysis?
Nowadays , Technical Analysis has become rigidity, because people become too egoitical, their parameter is always correct.
The truth is that the markets parameter is always correct.
The one you use is most familiar only to you.
Price contains all, your parameter and lines are only rigidity, a creation of your minds limitations.
To see from birds eye view from inside a self created box is nonsense.Talk about thinking outside the box. how delusional can people get. Small minds trying to do great things.
I don't even want to talk about the other stupid indicators that people had invented. Esp, those that are used to FORECAST.
The rigid, trying to forecast dynamics.
Talk about intelligence and stupidity.rofl:
And about gullibility.
regards:
Do you know how heat seeking missiles work, and how they are circumvented?
Do you know the difference between heat-sm and vfrm?
If you don't, here's a quick lesson, One smells my fart, the other has a little intelligence.
From this I can tell an analyst from an indicator junkie.
Then of course , I haven't spoken about those , rigid in their pattern analysis. that, needless to say they go into the same pot.
- i may jumping in here way too fast as i havent finished reading the whole thread...
But isnt this just price hunting? and chasing the price can indeed get you killed?
-Fti:
Whats wrong with trading patterns?
They are indeed a rigid way to trade,nonetheless profitable if used correctly.
Don't you know any successful trader that uses this type strategy to trade?
Thank you
Sweet and amateur
Sweet But Semi pro
Sweet professional
Can you tell the difference?
I hope you would think about it.
When I draw you portraits, I hope I don't have to draw the intestines as well, It makes for ugly picture.
Well my one day shopping trip turned into a spree I am afraid. I am off to London for a week so I will have to catch up on the thread when I return. Good trading to all.
Very well put auxesis. Follow the footprints of money.
will you pleeeeeese stop editing your posts...for those of us (i'm sure there are many)delving in the archives of this thread it is very difficult. We come up for air occasionally to keep pace and try to contribute but lately.....ego's.
No trading for me today, (domestic issues, no violence, kitchen installation issues) maybe later
Anyway, I will be eternally grateful for the way I no longer come home from work and do a brief analysis and place my trade on set rules, eg.. stop 10 pips below prior candle and t/p 1 & 1/2 risk...what a long way I have come...and I paid a lot of money for this knowledge as i"m sure a lot of you can relate.
Anyway to all you newcomers to this thread please take the time and delve into the treasures it contains...and please ask questions but only after you have read the thread...fti is a softy really he just gets a bit crabby with the oldtimers to pull them back inline(isn't he cute)
wouldn't it be great if we could see who was viewing each page as we moved thru thread...
anyway enough from me...sorry fti I started off talking to you and got somewhat off track
joy
Hi, joy,
Domestic problems !
Ahh really , no violence ? erk hope he's not coming over with his katana to split me into 2.
And you said you had no one looking over your shoulders. ya, I believe you.
He's going after your kitchen first , right.
Jugging work and trading, you have to be superwoman.
Hope you're not dispensing medication to the sick or running any machinery.
Could get dangerous, with the amount of sleep that you get.
Hi jest ,
don't know.
some fish is gonna speak to night and ben 's gonna speak by friday.
Boss would be happy, I hope by FRIDAY, to receive his bear skins. LOL
regards
When market starts gapping like this, its best to get out.
Effectively , there's no market, don't waste the energy.
I understand that you have sold some positions. Now you say 'dont waste energy'. So have you closed your positions?
Hi hpr,
Yes have cut the few pips loss, had dinner already. and waiting for the 8:30 figs.
and listening to some of my nice music collection and watching soccer on TV sound muted. Belgium just scored goal , nigeria should be going to the locker room.at 1:4 its like the odds trading the markets now.
Anything else before I go to the washroom?
regards
JUst to continue the rambling, when the forex markets behaves like coffee, or frozen concentrated orange juice, then they disgrace themselves, the market makers these days puchat la.
I really hate it when I am deep in the money and they pull a fast one like they did. Sure kiasu bunch, might as well not trade thin markets, not worth the trouble.
Is it my charts only or is everyone experiencing gaps every where.
According to interbank dealers, the markets are quite smooth.
BUT my charts are like crazy.
A few times , they quoted me 15 pips from my charts and I f them, but they told me that was where the market was.
Then later the charts just gapped there.
had gaps on the alpari mt4 platform as well... :-|
Hi gfsr,
You must stay away from these broker.
I am not sure whats happening there, but seems either platform problems or market making structure has failed.
Could be precursor to major upcoming problems.
What we can tell from the customer end is there dealing problems, so I will red flag such brokers.
As customers , what we can only do is to vote with our feets. If brokers have internal problems , we will not be aware. Don't let it get bad before you do the right thing. Anytime you have problem with any brokers, its time to go shopping.
thanks for the advice.
has happened once before, in mist of battle... it's really frustrating and you lose the focus(zone)..had to premature end battle, trying to figure if it's the markets or them. lucky, for me only small exposures. time to go shopping.. :-)
Hi gfsr,
Yeah.
The thing is , in retail forex , it seems that it is still in its infancy.
Seems much bugs to iron out.
My experience s that it is very hard to gauge their effenciency.
However, bugs, platform problems, all these problems belong to the brokers.
If they cannot met to mark, there is little we as customers can do.
It is hard enough trading profitabily without having to solve their problems for them.
So unless you can find very professional brokers, the credit risk and systemic risk is very high.
Its best not to make the money than to have these risk that are beyond your control.
It is outside day bar for Eur/UsD. Will it close outside day key reversal.
That is the million $ qustion now.
According to FF
Federal Reserve Bank of Dallas President Richard Fisher is due to deliver a speech titled "Monetary Policy in a Technology Driven World" at the Progress and Freedom Foundation 2008 Summit, in Aspen. The question is will he talk about the USD rates stance?
If nothing then nothing change. Follow the charts closely.
The whole world is waiting. Hope the market do not trigger stop buys orders prematurely.
Otherwise the fat lady sings, very loud.
maybe you missed his speach. It started at 1400 GMT.
His main phrases were:
- economy likely grew faster than 1.9% in second quarter of 2008
- Inflation may subside, but if not, Fed must be ready to act
- Growth will decelerate or even 'grind to halt' this year
- Slowdown may extend to 2009, but recovery possible next year
- US housing market has 'Yet to find his bottom'
Hi maMood,
Thanks.
Looks like Ben's gonna have hard time this friday.LOL
Hi,
You had better get out, whenever.
Retracement might not come, you are swimming against the strongest reversal possibilities by NY closing. So pls , you are on the wrong side of the fence. Don't be hard head. Cut loses while the pain is still bearable.
To risk that the outside day key reversal is too risky.
Better be on the flow than against it.
Preserve your capital.
Whew! I just blew another account (the 5th now I think). I will be off forex for a while until I can put myself together again. I think I have been grossly undercapitalised most of the time with less that $1000 on each account. Well the experience is priceless.
I will mobilize again for the future. Maybe then I will be adequately capitalized to be dance properly. Until then, I want to thank Fti, Lusan, Green David, Mahmood and all the active contributors to this thread. Its been great here.
No regrets whatsoever.
I will pop in once in a while to see whats happening on this thread and will be demoing until I can find my feet again.
Chao!
2fx
Hi 2fx,
Were you dancing the market.
Don't do piece meal.
Consolidated all financials and trade to smallest possible untiol you build up a buffer.
Anyways stay out now, and try to relax.
Get this all out of your mind first. Take some time to let the feelings go.
Start from the ground again when you are ready much later.
and the next time . don't split up your resources like that.
take care, you can come back again later,the markets always around.
i think efx has the best feeds for retailers. no problems on my side.
thing is, their data has got no backfills.
there are 2 options,
1. signup with e-signal for fx data (efx use tdfx data, same as esig, ive seen banks like ubs in the order queue)
2. open an efx demo acc. download & install, ninjatrader, get backfilled data from gaincapital the re-connect to efx to get real time data.
i can guide u thru it if it seems too cheem.
anyway gain cap do not supply daily data, so at most ur backfill is up to 3 days, but u get data to the tick level.
Hi jest,
Thanks.
I had learned one thing about computers since I started using it.
If any program and software requires a manual and or instructions to use.
Then I forget about it. The reason is I do not care to support bad organisational structure and bad coding (programming).
AND if any website only caters for proprietary browsers and software or hardware, rest assured that somewhere along the line , you will be screwwed to a corner and squeezed. I also will never support such. So long as any hardware of software smells of PROPRIETARY, thanks , they can keep it.
Amongst the kings, on this bear run, it seems that Eur takes the gold.
GBP and Yen trailing far behind. The spreads are turning as well. This is strong indication of a technical reversal. It seems the bears had come back in a big way. Is this a trap? Well only thng I can say is, if i don't trade such bearish signals, then I cannot trade technically.
Now to search for reasons why the USD is a bear, to support my positions.
I would take bearish impulses in the short charts more seriously from here.
It is lunch in far east now and we are testing this 1.4750/60 zone for the second time since the strong bear USD impulse. If this level holds firm, it could be the spring board and step ladder for more downside push of the USD.
hehe. actually efx/mbt have a slew of softwares. Dont get it wrong. Ninjatrader is a stand alone software that could connect to multiple datafeeds/brokers. But the problem with efx feeds is...there are no backfills, so you don't get historical data as the ticks update emselves. hehehe. The only broker thats providing backfill is gain cap, so you'll have to connect to gain cap, get the data filled and the re-connect to efx to get realtime data
sure thats not prop. anyway ninjatrader is quite pricey if you are gonna get urslef the full version. But for charting purposes, i think it suffices.
Hi jest,
Thanks.
Many eons ago, we had softwares like memory charts, computrac, teletrac, metastocks, knightridder, bloomberg charts, reuters charts....for charting.
And where are they today?
Why was there no continuity. The reason,Pay and pay. All these SERVICES, thinks that traders are money trees. Shaking them, and get money.
You know why exchange trading is not very successful in forex products?
The reason is the interbank market is still alive!!
Unlike proprietary products of stocks and shares. The interbank currencies are public domain.
Otherwise you would be charged clearing fee for trades, order filling fees to execute trades, server fees for trade access, lines fees for databoxes, Data feed fees for price database, service charges for accounts and broker fees for trades.
In the interbank, non of these fees exist.
When technical analysis became computer literate, came an onslaught of new fees. Fees for proprietary charting softwares, Fees for data feeds from data vendors, annual subscriptions for charting software to subdue in-build time bug, Fees for usbkeys.
Then computer people climbed on board, with hardware upgrades every few months to compliment software development. esp graphics cards.
So after all this shxt, I hope you may empathise my sentiments towards proprietary stuff and industrial leeches.
Wow, gotta find some help to carry all this euro to the vaults.
Some keep in deep storage, some keep at counter for daily use.
Some for my wife to go get somethings nice from Euroland.
Most for killing the bull for steak.
By the way, my friend's Jap Cars are all still for sale.
If you like we can sell you our japanese electronic appliances as well. Anyone?
Was thinking , if I could sell you , japanese songs as well, but you get that for free, courtesy of your broadband subscription and youtube. LOL
Lets see if there's any money in brokering (linking)you to those songs.
OMG, what a money face I have become. Out you temptations.
InterbankFX considers scalping when you open and close your positions within 3 minutes. Just FYI.
Hi,
Yes , its alittle quiet.
So here's a little babbling.
About rules and terms that apply. (Bundleing)
One day, I am gonna open a restaurant, and I am gonna charge everyone who comes in to eat 50cts and they can eat all they can eat for that price. I will display steaks and pizzas and seafood cuisines and all exotic foods.
Since I only charge 50 cts, I must insist that payment be made before they enter. Otherwise, I have to employ cashier, then I cannot charge 50 cts.
Terms and conditions apply.
On entry , you will be served a gallon of water. And you have to finish that before you start eating.
And snce the que to dine is so long , I am afraid I will have to restrict your eating time to 1 min each patron, so as I can be fair ro all patrons.
Hi MaMood,
Out of ALL the people here, you are the only person who spotted this.
I guess some people didn't spotted this because its not my MO at all.
This is more closely to what Leighsww would do and you know what has happened.
So I am sorry, that I cannot comment on something thats not mine althought it is easy to mistaken it to be.
I like to help you out with these words to untangle you mind.
DANCE the RHYTHM and with the TREND. Use proper MM to your advantage.
Use BASIC and CORE technical analysis and guide the trading with your BRAINS.
Rigidity kills.
regards
Quote:
Originally Posted by MaMood
Ok, you are right.
But if so, why should I take the risk of doing a rescue for a "peanuts-scout" at all?
Yeah, why should you if it against the trend?
To get things clear, I need to view at them in extreme scenarios. Therefor lets take a look at yesterdays EURUSD rally. Watching the 5m chart at 1255 GMT. Lets assume you were USD bull (the reason why should not be discussed) and deployed after the dip back to 14660 an attack. Before you went out with your attack you got coaught by the up move at 1310 GMT.
Should we take out the attack troops with a loss or should we prepare for an rescue mission?
I never said that you had to rescue all dead in the water scouts scouts. Did I rescure the bull scout yesterday before killing all and going to have dinner. When I came back, didi I go long usd again OR was I SHORT. Maybe you should reread yesterdays posting to try to figure out my frame of dance. Mostly I had given out, but I won't be giving out thoughts like that anymore. You people have got to learn to think too.
And keep in mind that we didn't knew about the starting rally of that pair at that time.
If we prepare for a rescue, than there is the question again: Sharp 2 pips rescue or mild 20 pips rescue ...I don't know who you are listening to, I am NEVER this rigid. I had never talk about if rescue should be 2 pips , 20 pips or 200pips, I only said dance.
Sorry for disturbing you with my prob, but it's affecting my thoughts badly ...
HI ALL,
Now these sobs are really testing my patience.
Had already built the Eurs to nearly 11% of cap.
I never will built it up to 30%, unless this was an attack.
Attack I was unable since yesterday, as lost too much range to risk that.
I don't know, maybe today if I get a chance.
but I don't like the way the markets performing, some giant hand is trying everything to dam this reversal in.
Look whoever you are , I don't care how big yours is, when it flows on you, you shall be OVER-RUNNED.
and don't think people cannot see that the mode is via yen crosses.
unless ... the market owner himself is doing the invisible hand work ...
Hi maheswara,
Don't know if CB are involved.
Normally is budding rogue trader , hallucinating that they are protecting CB's interest. This one may be coming out of the Far East again, probably from the land of kamikazes. This one knows how to use yen crosses. We'll probably hear about him if he bellys up.
Wait till BOJ comes out to teach him for screwing up the yen with all these crosses.When you hear about investors coming at him with katanas to split him in two, then you will know exactly who the culprit is.
There's always a fool thinking that he's bigger than the market.
Anyways , I best be looking after my babies, needs some massaging already.And I need some meditation too.
Realigning some positional losses, to accumulate capital of attack , if and when it comes. For now bleed.
thanx for your comments.
I'm listening to no one special.
But I want to learn to be a successful fisherman.
And I'm not very optimistic to manage my future successfully in this business, if I only consume your knowledge, experience and wisdom.
It's my nature to challenge the concepts.
I want to develop the ability to think in your concepts, to be successful on the long run.
Well - one of the main concepts (beside professional dancing) is the appropriate "skewing" ...
That's the reason why I spotted this topic.
I have to develop a feeling on it.
It's difficult to me to adopt the "god given" fib progression without an understanding of it's magic. A more adaptive progression, based on the volatilty/dynamic comes to mind ...
By the way: It was not my intent to deflect us here from your teachings.
Thanx again for you patience!
Hi MaMood,
The difference between the winner and the loser may just be a nose.
Sometimes , things may lokk the same , but foundationally they may be different, and thats where the strength may be.
This is the reasons that I asked that if you are new to this, do small size and skew 1:1:1 until you learned from the markets lessons for you to build on it. Always having a buffer to fall back on when you are taught nes lesson by the market. I don't know how rich anyone here is, however rich you may be it behoves you to master things before putting your life on the line.
Anyway this is apublic forum, so may not be the right place to try to teach people anything. But if anyone can grasp some understanding , it woud be great.
Battles like this is few and far between.
Today we have a major chart pattern being challenged.
I have no choice but to defend the daily pattern position.
Moreover untill 3 hours ago, the hourly was prep for attack.
this move is testing, yes, but the fat lady hasn't sung yet.
The hourly charts are in trouble quickly. and the short charts incoherently against the day pattern.
Let see if the sentiments will change.
We had the same problem, 2 weeks ago while the Eur tried to turn.
I recognise the same cross strategies being used.
So lets see, I think he will die soon, only gotta get the timing right.
For now had booked losses and am still managing the books ability to fight back when the killing begins. Damage is inevitable sometimes, I have to strategies to come out of this alive.
I would like to ask you why you think he will die soon?
was it because the majors were not moving in a correlative fashion?
I noticed as eur and gbp sells the Yen barely moved 20pips.
now that sets me thinking, someone was using the crosses to make these wonders.
is that why you think the current vol was not normal?
Hi jest,
Yesterday there was gross manipulation or gross syste failure,
I can't tell which is which. But what I know is we had a outside day key reversal as expected.
Today the crossass came back like you said moved the continental currencies, and kept hedging for ammo on the yen. Take a look at how the yen crosses are being proped up. I am ready with strategies to counter him in so far as my exposures are concerned.
The pull back in the Eur/USD notwithstanding the cable , I suspect thin liquidity. Lets see how it pan out.
I got some losses back already and am preparing for attack seq , if and when it comes. There are no important figs so, we'll see if ben does get his bear firs by friday.LOL
Am on longest day battlestation, The reversal, I trust it only the short charts are confusing. Waiting for short charts to align for attack. Let's see.
Wow - nice show so far.
Did some very profitable dance on USDJPY short side.
Waiting for the second wave/attack ..
Hi MaMood,
they wanna test both ways.
Do the attack after lunch break.
This just dang brokers playing screen,
It didn;t go any where, just wide quotes only.
Don't be fooled.
This is the most unethical way of quoting, no balls kind of quotes.
anybody hit. they give the worst fill. Excuse fast markets and all that bullshit.
Thats what you get with trading with dealers with no ethics.
NO CLASS, & NO HONOUR.
Interbank was just wide. no liquidity.
This signs that lafter lunch will be battle of no liquidity and fast shading.
So keep size managable.
JMHO, but there's no sustained move thus far today, chances of breakout are getting fewer, guerrilla tactics needed dont overstay.
Hi auxesis,
Wrong strategy.
If you lose your position in such markets, you are unlikely to get it back and may be forced to chase.
regards
See now at lunch , when market sthins down, he comes at it again.
No matter the traps are in place, he is dead duck,
I don't know how much money he got, sure love to see his f face before he goes to jail.or bankruptcy court, which ever suits .
if I'm able to establish my successrate of the last two weeks in the future,
I promisse you, next year at the same time
I'll buy some worthy cigars (Cohiba or whatever),
take a first class ticket to Singapore,
just to meet you great guy,
shake your hands, say a million times "Thank you very much",
smoke one of this ciagrs with you
and fly back again.
By the way: I never smoked before - may be i have to take a night in a hotel with some well functioning water-closet, before I fly home again.
Sorry Zoran and LeighsWW - but ist has to be a cigar.
Wish you all the best!
Thank you so much fti!!!
MaMood
Hi MaMood,
You're welcome.
Please trade carefully, and use your brains.
Also maybe print a copy of the thread and examine it carefully.
I am so tired with having to trade with manipulators so, I will take a break.
Good Fortune to ALL.
Don't rush, cuddle success with care.
Quote:
Buffett spotlights nation's debt crisis movie
OMAHA, Neb. (AP) -- The catastrophe looming in the documentary "I.O.U.S.A." isn't romantic like the doomed young love in "Titanic," but billionaires Warren Buffett and Pete Peterson warn it could break many more hearts.
The disaster they warn of could be bigger than any we've ever seen - bigger than an iceberg, bigger even than the current mortgage crisis.
If the U.S. doesn't do something, and fast, to tame the federal government's debts - now more than $50 trillion - the two Nebraska natives warn we will saddle coming generations with economic problems that will make this year's financial turbulence look like a trip to the debt counselor's office.
Premiering Thursday at 358 theaters nationwide, "I.O.U.S.A." is part of Peterson's campaign to give the ballooning debt a central role in the presidential campaign.
A live panel discussion after the first showings - tape delayed for moviegoers in the West - will include Buffett, Peterson and other experts. Despite ticket prices much higher than for a feature, at $11.50 to $20, Thursday's showings had sold out at some theaters by Wednesday, organizers said.
The two prominent investors don't share a political philosophy: Peterson endorses Republican John McCain for president while Buffett favors Democrat Barack Obama. But they say the nation's budget and trade deficits aren't really partisan issues.
"Our situation is a lot worse than advertised, and we need to start making some tough choices if we want our future to be better than our past," former U.S. Comptroller David Walker, one of the movie's stars, said Wednesday.
Peterson - who co-founded the Blackstone Group LP (BX) private equity firm and served as commerce secretary under President Nixon - is financing the movie and the discussion in Omaha to advance the goals of his foundation, created in February, which Walker runs.
Peterson pledged $1 billion to help raise the alarm about the nation's budget deficit, the projected shortfalls in Medicare and Social Security funding, the trade deficit and the meager savings rate for most Americans.
Peterson and Walker both talk about the substantial debt burden that could be left for future generations if changes aren't made.
"We're mortgaging the future of people who can't vote and might not even be born yet," Walker said.
The "I.O.U.S.A." filmmakers followed Walker as he toured the country speaking to college groups, newspaper editorial boards and community groups about the nation's financial problems.
Most of the talks in the movie took place while Walker still ran the Government Accountability Office, an investigative arm of Congress that audits and evaluates the performance of the federal government.
Walker and the movie cite GAO figures that show the U.S. government owed roughly $53 trillion more than it had at the end of the 2007 fiscal year, which is the most recent figure available.
About $11 trillion of that covers the publicly traded government debt, the amount the federal government owes to employee pensions and the cost of environmental cleanup of federal land. The rest of the $53 trillion figure accounts for projected shortfalls in Medicare and Social Security.
The cost of covering those obligations is expected to spiral as more and more baby boomers become eligible for the two programs.
The film also features interviews with prominent businessmen and officials from both major political parties, such as former Federal Reserve chairman Alan Greenspan and Paul Volcker and former U.S. Treasury secretaries Paul O'Neill and Robert Rubin.
Buffett did not respond to a request for an interview for this story, but he has said the United States is essentially selling off chunks of the country to foreign investors to finance the nation's overconsumption.
"We've got a super-subprime crisis brewing - namely, the federal government's finances," Walker said. "The factors that caused the mortgage-based subprime (crisis) to explode exist for the government's finances. The difference is it's 25 times - at least - bigger."
Buffett also has warned for years that the nation's trade deficit - the difference between how much the country imports and exports - was going to devalue the dollar and create other problems.
"Our trade equation guarantees massive foreign investment in the U.S. When we force-feed $2 billion daily to the rest of the world, they must invest in something here," Buffett said in his annual letter to shareholders earlier this year.
Thursday's panel discussion will also feature Bill Novelli, AARP's chief executive, and William Niskanen, chairman of the libertarian-leaning CATO Institute.
With showings in 358 theaters, the movie's premiere likely will be bigger than its planned 12-city theatrical run, which begins Friday.
The main reason the movie is being distributed in theaters is that its makers think it could contend for an Academy Award, Walker said. More people will likely see the movie after it leaves theaters because the foundation hopes to air it on television early next year, he said.
Clips from the movie and panel discussion will be available online.
Quote:
Originally Posted by jest1081
happy reading...comments pls
A lesson in Finance & Management excellence.
M't:25:14: For the kingdom of heaven is as a man travelling into a far country, who called his own servants,
and delivered unto them his goods.
M't:25:15: And unto one he gave five talents, to another two, and to another one;
to every man according to his several ability; and straightway took his journey.
M't:25:16: Then he that had received the five talents went and traded with the same, and made them other five talents.
M't:25:17: And likewise he that had received two, he also gained other two.
M't:25:18: But he that had received one went and digged in the earth, and hid his lord's money.
M't:25:19: After a long time the lord of those servants cometh, and reckoneth with them.
M't:25:20: And so he that had received five talents came and brought other five talents, saying,
Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.
M't:25:21: His lord said unto him, Well done, thou good and faithful servant:
thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.
M't:25:22: He also that had received two talents came and said, Lord, thou deliveredst unto me two talents:
behold, I have gained two other talents beside them.
M't:25:23: His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things,
I will make thee ruler over many things: enter thou into the joy of thy lord.
M't:25:24: Then he which had received the one talent came and said, Lord,
I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:
M't:25:25: And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
M't:25:26: His lord answered and said unto him, Thou wicked and slothful servant,
thou knewest that I reap where I sowed not, and gather where I have not strawed:
M't:25:27: Thou oughtest therefore to have put my money to the exchangers,
and then at my coming I should have received mine own with usury.
M't:25:28: Take therefore the talent from him, and give it unto him which hath ten talents.
M't:25:29: For unto every one that hath shall be given, and he shall have abundance:
but from him that hath not shall be taken away even that which he hath.
M't:25:30: And cast ye the unprofitable servant into outer darkness:
there shall be weeping and gnashing of teeth.
What more a servant that spend more than he is been given?
May God have mercy on his soul and decendents.
regards
The outcome of incompetent management
The businessman.
LOL
the one above comes with translation from a 3rd grader.
the one below is accurate.
M't:25:14: For the kingdom of heaven is as a man travelling into a far country, who called his own servants,
and delivered unto them his goods.
M't:25:15: And unto one he gave five talents, to another two, and to another one;
to every man according to his several ability; and straightway took his journey.
M't:25:16: Then he that had received the five talents went and traded with the same, and made them other five talents.
M't:25:17: And likewise he that had received two, he also gained other two.
M't:25:18: But he that had received one went and digged in the earth, and hid his lord's money.
M't:25:19: After a long time the lord of those servants cometh, and reckoneth with them.
M't:25:20: And so he that had received five talents came and brought other five talents, saying,
Lord, thou deliveredst unto me five talents: behold, I have gained beside them five talents more.
M't:25:21: His lord said unto him, Well done, thou good and faithful servant:
thou hast been faithful over a few things, I will make thee ruler over many things: enter thou into the joy of thy lord.
M't:25:22: He also that had received two talents came and said, Lord, thou deliveredst unto me two talents:
behold, I have gained two other talents beside them.
M't:25:23: His lord said unto him, Well done, good and faithful servant; thou hast been faithful over a few things,
I will make thee ruler over many things: enter thou into the joy of thy lord.
M't:25:24: Then he which had received the one talent came and said, Lord,
I knew thee that thou art an hard man, reaping where thou hast not sown, and gathering where thou hast not strawed:
M't:25:25: And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine.
M't:25:26: His lord answered and said unto him, Thou wicked and slothful servant,
thou knewest that I reap where I sowed not, and gather where I have not strawed:
M't:25:27: Thou oughtest therefore to have put my money to the exchangers,
and then at my coming I should have received mine own with usury.
M't:25:28: Take therefore the talent from him, and give it unto him which hath ten talents.
M't:25:29: For unto every one that hath shall be given, and he shall have abundance:
but from him that hath not shall be taken away even that which he hath.
M't:25:30: And cast ye the unprofitable servant into outer darkness:
there shall be weeping and gnashing of teeth.
Remember,
When a man owes others more than he can repay.
He is likely to resort to stealing and robbery.
Therefore never allow your family to have to bear this condition.
Trade wisely, never lose more than you have.
Spend wisely and save for the family's well being.
"Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country -- coupled with higher inflation -- is taking a toll on the economy and poses a major challenge to Fed policymakers as they try to restore stability."
My 2 cts,
Don't pre-amp the market, follow it and steer the economy, like every good manager. The mistake was to buffer, therefore hiding the truth. Good managers and doctors , allow the symptoms to surface before administering the cure.
someone has stolen your nickname :
(Found that by accident. Was looking for forex training coorps)
"FTI Training Ltd (FTI) t/a Forex worldwide Training and Support has international presence in the fields of
Forex and CFD training and support. FTI is based in Dublin, Ireland with representation in Australia, Spain,
United Kingdom, and South Africa. Since 1999, the company has been developing, producing and marketing a range of Forex and CFD -related training products and services to both individual and corporate clients. "
Hi MaMood,
LOL , thats OK. fti is just three letters, anyone can use it.
I am me and they are them. A rose by any other name is still a rose.
Don't worry too much about it. Thanks for the head up on it.
regards
LOL, I reki them out.
3 pip spread on Eur/USD isn't that great. Not too rosy. If only they would be more professional. Talks sweet, can they deliver?
Looks Like its GFT , is it?
"SUMMARY: Forex Worldwide Training and Support and GFT offer you:"
I guess the best compliment is to be xeroxed.
could be coincidence !
The distribution after a fierce bull run, inspite of bad USD fundamental undertones.
Is the bull dead?
The bears certainly are.
I do not believe any bear would have held to positions.
So where is the dangers?
Now, a bull is not every bulls friend, as when they were on the run.
Now every bull is the other bulls enemy.
But where is this bull's greatest dangers?
HINT: Who is carrying most USD surpluses from trade?
regards
This is Undertone and Directional Analysis (THINKING), do not let this affect the dance.
Hi ALL,
Anyone knows , which economy was weakest, in this whole episode?
They had no answer to the markets , cos they had no natural resource.
And the whole "cost" equation of industrialisation is now the driving force.
Therefore to survive many of their industry champions have to operate from off home, be aware, they had been very quiet, to seek the alternatives.
But do not forget , that they are the world's second in command , as far as international trade is concerned, at least to the "free" world.
regards
Again , do not allow this think tanking to affect your dance.
I am trying to understand the fundamentals that may be at the forefront of the play.
ps - why would a bull be an enemy to another bull?
Hi piccolo,
Because , on the charge they feeding on the bears.
Mostly there's no bears around. Either they are bleeding and had sized for long long term, or they are waiting for reinforcements, mostly waiting.
So what should bulls feed on now?
If you understand this then you would understand all the gapping action thats taking place.
and eurodollars not subject to rules and regulations set by fed reserve.
eg. interest rates (i'm not very clever with this stuff either but trying to learn)
Hi joypips,
You're correct, and in the ACU markets, how many economies, can withstand the proxy of this external USD reserves?
I guess it is impossible to train old dogs.
Now I am convinced. No more casting pearls to pigs.
Orang orang di sini telalu cerdek, sampai tidak boleh di didik lagi.
Apa lagi boleh di cuba, bia lah mereka, hancurkan mereka sendiri di pasaran dengan kercerdekan mereka sendiri.
Malang tidak berbau. Kebodohan tidak berbayang.
Hmm I did not think to look for a meaning, but it sure makes me want to ride in one of those gliders!
When I was growing up in Colorado Springs CO we lived close to the Air Force Academy, I would always see those gliders in the air and think how fun it would be to do that someday. I had forgotten about that until I watched the vid.
Markets are slow today, still able to pull in a few pips however. Perhaps it will pick up here in a bit.
Hi Jimmy,
You may like to rethink that, . ( about flying for fun)
Eons ago, I was winged, but having seen many friends and peers perished in that endevour, I now am not too keen , to fly again, unless they paid mega bucks for me to risk my butts again. Esp when others are on the wheel.
To fly , requires absolute focus, and training and experience and luck.
Trading seems less life threatening. LOL. although same set of mindset and skills are required.
Here's a deterrent,
now I never fly for fun, or unless absolutely necessary.
All it takes is for one curious bird to fly into your path.and all your checklist and protocols means swat.
The same goes for trading, unless absolute focused, well trained and experienced , then trying lady luck may not be the call of the day.
Esp newbies, must not tweak and play with controls without qualified and experienced......and instructions.
If you don't believe me, you may like to try any flight simulators on your computer. Then check you survival rate. As in trading, skills are required.
Perhaps I should not tell you about my desire to race open wheel race cars
Hi Jimmy,
If you are young and have it in your blood to risk, thats fine.
When you become old like me , then I only give thanks , that I see another beautiful sunrise again.
There's nothing wrong in having the stomach to take risk. I was once like that, loved the rush. Only never get reckless, don't be selfish.
Three kindoms is used while you are dancing in the now. It is the " in the moment Usd money flow" When the dollar is weaking or strengthing againt one of the other majors...you can see if the move has confirmation with the other major pairs. If it does, it usually confirms it is a trend move . If the move is not confirmed in the other pairs...wait for correct timing etc.
Remember folks...we are trading impulses in the direction of the daily trend...if that daily trend changes, so do we... This is" how many pips can we capture today"...babysitting and managing our entrys.
Why I personally think that your daily trendline observation is better left unsaid , fti has stated that those barriers mean nothing ...if you are dancing in the now. That trendline will hold price...will not hold price...etc...has little importance if you are in a trade and " feeling and dancing"... watching if you should...enter a scout....rescue...take profit....you know..activly trading...that is what this thread is all about.
I can read like everyone else...the pearls stopped when the realization happened, that everyone was "predicting" instead of finding a bias . being rigid instead of going with the unique unfolding of the present moment etc. There are hundreds of threads where you look at a 4 hour chart and enter a mutli day trade with a 60 pip stop.. This is not that kind of thread...
Yes you can look at anything and everything.....but do not over analyse. just get a daily bias...put in a scout...see if you are right...bang it for all your worth it you are....rescue if you timing is off....get out if you are wrong...and go with the right direction...easier said than done...
But thats what the banter should be about...not about rigid , obvious observations that prove to fti that no one "really" gets it.
Hi seeit,
Have some time before figs.
You surprised me. For someone wh says little you seem to understand a lot more than meets the youtube postings.
Most of the time I am a person of little words.
All my adult life I had always focus on whatever task was at hand.
If anything was disruptive to my focus, I either had it removed
or I move along to find my own peace.
But of course at managerial levels I had that right.
Here, this is a public forum, anyone may come and go as they please.
I considered ALL here to be friends,
Therefore I do not impose anything on anyone.
As for Leighsww, I liked your kindness, as you had mentioned.
and felt that maybe I could give you a gift of trading skills
from my market exposure, to help you along in your trading.
you see, I am a simple man and I live a simple life.
I come here , having created this thread so that, Leighsww,
you may have continuance in your trading development,
to extend the little that I had shown you earlier.
However , if you find that it is not for you,
you are free to tailor whatever that you may find useful.
Noone here is under obligation
to accept that which I had tried to present.
For those who may like to explore my experience in the markets,
you are welcome to the infomation.
As I had given it freely and openly.
I had given most of what I had to share about trading.
I had shown , how I do it,in live sessions
and do enjoy the ocassional musical exuberance here.
BUT I will not subject myself to personality outbursts,
or arguments that may disrupt my temperament
and mind frame as I am actively trading.
I hope that I may have this liberty. Thank You.
regards
@ Leighsww,
what was in the " Allo Allo" clip, that upsets you.
I thought that it was a comical way to tell the members here that it was " labour day holidays", So markets would be thin.
piccolo.. thanks so much
so we have 12 and 48 on 5M ... this will be hard messing up my
nice naked charts
Hi Joy,
You are correct, you put those there, and that will be the end of your ability to dance.
It supposed to be on another 5 min chart to be used in the back ground. Only use it if you lost your ability to "feel" and have to re reference for your realignment. Mostly you would only need that if you do not have the ability to 'feel". This is for novice trader guidance only. It is the least rigid of the indicators and are not of rigid minset although parameter dependent, it flows. BUT it is still a lagger.
Yes. Wonder if beige book in 2 hours time will impact change normally doesn't tho.
Hi Dutchangel, David,
The change is due to tiring bulls, more than bear's presence.
I don't know about the beige book, It cannot be saying that the economy is in good standing. The best it can indicate is how badly the recession is affecting the businesses. I think the good news are nowhere to be found, but the market doesn't wanna listen, because there's other things driving it.
Normally, things just doesn't change from bull to bear suddenly, The bulls are probably taking a breather due to level 1 target being achieved, refer to day charts. (long long term).
The Bulls are begining to self feeding on themselves, and it can get very violent.
You still have to pulse her, only now the tempo may pick up on the USD dips.
It is getting very tricky. The Mmakers tried to get my Euros during lunch,by force shading in thin markets. But I taught mine his lesson. Hope he didn't die.
14450/60 seems a good vantage point for the longer haul. We may not see it again for some time to come.
regards.
ps : take a good look at the hourly charts for all kgdom, she's telling.
and keep an eye out on the Eyen.
Hi ALL,
I get a funny feel , that the banks/Mmakers are very long on USD.
Thats cos of the way the market was released for selling of the greenbag.
it is either that, or some one is under instructions to release its rebounces in a slow orderly manner. The way she is moving is too organised and predictable.
Not that I am complaining, but I am killing the Mmaker.
LOL, I keep taking bulk Eur from them, when ever they try to create bearish looking legs to panic buyers of Eur to sell. then releasing the Eur back to them slowly as they rally step by step.
Anyone noticed it, in the dance?
Too organised is the general feeling.
So the question is , is this bait for whats to continue?
Noticed there's not much crosses disruptions in the impluse waves?
As I sat here typing this I tried to think of an example where when a student starting lessons, that the teacher starts with the advanced material, without first laying down the foundation (basic’s) to build upon.
Leighsww I’m in the dark on how long you and Fti trained together before he mentioned the use of sma’s or anything other than “feel”. To me it’s obvious that he see’s patterns, stop levels, ect, ect. When looking at the charts, the concept was not to let them make you blind to other possibilities as price unfolds, I was always taught not to take a north position with out having a south position possibility, basically that an “If - Then” mindset. But always when studying with a mentor what was shared and taught privately, was that “private.”
As much as I ( and I’m sure everyone else here) would like to see those chat logs, it’s inappropriate IMHO, to share them with out first having the permission of the one who shared them with you. I’m sure Fti has his reasons for offering the material as he has. Yes I can see where some of his personal “advanced “ techniques have leaked out in his posts, but he has over and over repeated the same methodology when teaching. Get the basics right first, then move up the ladder.
Fwiw,
Hi auxesis,
Thanks for the hightlighting of the values of professionalism and ethics.
Some here may not know or practise it , probably cos they had never exposed in such environment before. I am much obliged to your having taken the trouble to do so.
You are very correct in your observation. Many here wants to make money consistantly. I present them the component skills required and they keep asking for more, without even mastering the individual components as per given. It seems they just want info and system. Unfortunately for those who doesn't practise that which is given , they cannot and will not see it, right under their eyes.
I shall be posting a response to Leighsww, to show her, her true colours, after I had rested. Maybe it may help her see her folly.
Good trading
regards
PS @Zoran,
the chart discussion got to come laetr , gotta catch some rest before Tokyo.
That's some tear.
Am I right in thinking if it was a sweep it would come down just as quick as it went up?
Hi aud,
This do not fell like sweeps only.
Seems they are very short of Euro esp Cable.
They sell the yen , then start to shade to collect their Eur and Cable.
The buying of cable is very solid.
Someones collecting currencies , except for the yen.
But the selling of USD is very organised, too organised.
The river shall flow no one can stop it.
if they resist it all the way it will meander.
but it will still flow.
regards
I get a funny feeling of the accumulation of the USD in mmakers books. They are probably waiting for the americas to come in to take back their USD. Otherwise we may have a market soon.
The USD/yen will be a little tricky to trade.
There's conflicting undercurrents. But if you are nimble enough and well MMed.
You can "spread the butter" on them well.
For the uSD/yen, your relationship to continental currencies will be weird at times. Be aware, that you should be ware of the yen crosses.
Hi ALL,
Absolutely blatant manipulation .
Talk about liquidity.
Now you know why some countries prefer to peg the usd to levels they are comfortable with, don't you?
Insider trading must be punishable by Law. But whose to enforce it?
Nothing else to say for now. Only that Laws should be enforced and no one should be above it.
regards
Thank God, I was trading short charts.
Otherwise the loss would had been horrendous.
Sure pays to go with the flow doesn't it?, for those who can understand.
I really pity those that are trading daily charts.
I find it difficult to have to explain all that is happening on the thread. All I can say is that the presentation had ended long ago, and that I had been trying to explain and guide that, which was presented.
I hope that forward, all should develope your skills, as to your best of your abilities. This will be very evident from your P&Ls.
In closing this thread.
I leave you something about the human nature.
"The world under heaven, after a long period of division, tends to unite;
after a long period of union, tends to divide.
This has been so since antiquity."---The Romance of Three Kingdoms.
Please be informed that there is a group who are discussing the presentation at the following link at the lounge if you would like to continue in this quest.
Hi,
So sorry , this thread was reopened , reasons unknown.
The presentation had ended but many of us are brainstorming in the above mentioned lounge thread. You are welcome to check the club out, if it suits.
Hi fti, I'm a novice trader and just happened upon your thread. I'm really impressed and look forward to go over all your posts and learn from you.
Keep up the goo work.
Thanks,
Alexgee,
California, USA
Hi Alexgee and all who may come this way,
Thank You for your kind words.
I regret to informed you that I have decided to stop posting and will be locking this thread again, with immediate effect. This is because I am actively in the markets, and will not be able to guide anyone any further at the expense of my focus.
However, I would like highlight to you, that all that you would need to make a success of your trading endevour is already in the thread. The latter half of the training ( extending to the TAF lounge) was as guided tour of how to approach and manage that which was presented in the TAF thread.
If you approach the study diligently and professionally, and thinking very deeply of what was presented, you should have little problems honing your skills.
You must at all time be on the vigilance that the markets are not made of fools, but very skillful, educated and deadly professionals.There is no room for complacency or over confidence.She is never to be taken lightly. Although, if you hold well to the training , you should weather all that she can throw at you, You must be on a look out that you do not sabotage yourself. Know thyself, and the scorpions within.
A turtle can survive in the water environment, because it is her nature. A scorpion, however well trained, will ultimately, meets it own fate, because that is its nature.
Have a good time, picking up the skills. Then you shall be tested by the market. She is the best trainer.
If your bottom line is not on upslope all the time, then you need to think carefully, and identify your scorpions. If you continuously cannot met the standards, it is not shameful to give up altogether, as the attrition rate is very high in these battlefields, and the demands of a professional trader is not the cup of tea of everyone. It requires very strong discipline and skillsets. Beware of adulteration of your study by fallacies.
Remember that past successes is no benchmark for future performance. You are as good as your last trade. So never lose your mindset. Lose it and it will carry you to a very dark place.
Good fortune.
regards
@ ALL,
Few of you that had been following are developing to the necessary standards. I say this generally , as I cannot detect many who actually understand what had been presented. As is clear to me , all of you that I had expected to succeed had failed. So please be very careful, as I say again, this is a double edge sword, careful how you use it. You can be glorious of its success, but fail it and it WILL take your heads off. I feel sadden that I cannot find the energies to guide further. So I say clearly, that your fate is in your own hands, as always. And I wish you luck.
Hi fti, I'm a novice trader and just happened upon your thread. I'm really impressed and look forward to go over all your posts and learn from you.
Keep up the goo work.
Thanks,
Alexgee,
California, USA
Hi Alexgee and all who may come this way,
Thank You for your kind words.
I regret to informed you that I have decided to stop posting and will be locking this thread again, with immediate effect. This is because I am actively in the markets, and will not be able to guide anyone any further at the expense of my focus.
However,...
PS: I did bring up an issue which I had forgotten. As this is my last post. I just like to inform you, that there is no such thing in the spot interbank as a 5th decimal quotation. Non of the interbank prices I had checked quotes in 5 decimals. This 5th decimal quotations cannot be useful, of course unless that they may like to quote you finer spreads than 2 pips which is spot interbank standard protocol.
If only all can understand the lyrics in Chinese, and the message within.
And my last advice to all.
If there are things I presented , that you do not understand.
Then it is only because your experience level is not there yet.
From what I had seen happening, discussing about it will only confuse you, due to the blind leading the blind. If only some pros will like to discuss, but I don't know, they seem not coming forward.
Seek and you shall find. The information and knowledge is available, only that you may have to sleeve through much volumes of good writings and professional books to find it. This is because to understand, you have to understand the perspective of the author and it take volumes to explain the just a little in words. Anyway, without necessary market experience , you will still not understand. Its your personal journey, I had pointed only the direction. You are free to chose to accept and develop what had been pointed out to you. Otherwise, to each its own. Remember, As you sow, you shall reap. As the parable of the seeds sown, not all shall fall upon fertile ground and flourish.THose seeds that are upon the rocks. So be it.
With the grace and help of the Lord,it is done.
Goodbye All.
Thank you FTI for all your advice, conditioning, and experience. Your teachings were invaluable and I for one am a much better trader as a result. Please come and visit from time to time.
Respectfully,
Northpro
Hi Northpro,
You are welcome.
Good Fortune
regards
@ maheswara
Thanks, Be a Good arrow, won't you?
Thanks, lilpip, Trade carefuly.
indianguyinny24, Thanks, be humble, don't let your ego or anyone else's ego carry you astray. You cannot internalise anything , if you have to write it down.Let it be you, then you have learned.
johnnykanoo, God Bless, learning by yourself is a good thing, if you do think and use what you have learned frequently. Only then you may internalise it.
Billion welcome, Lusan, listen to your ceo and no more bullshitting yourself.
Over cooking, doesn't make a better dinner. Neither can a robot.
Thank you, piters and Zoran, I pray that your trading journey ahead , will be even the more pleasant. Goodbye.
Remember always, to be humble and generous. Do not steal (especially others works)or lie to oneself. Pay generously for whatever you receive, if possible "pay forward",that, good aura be attracted to you. Although no one may see you at it but one. You cannot escape from your bicameral mind. Show your bicameral mind these things and it will remind you all your life of what you are. More, it will return to inhibit your development of you. As you sow, so shall you reap. Have yourself the innocence of a child and the wisdom of your creator, as you are really part of the whole.
Act as thief and you become what you do. Strive to become General, holding to your honour , stand up with chivalry, and let that be developed to be your true mindset. Be at peace with your bicameral mind, the true you, not that which you show others."Know thy self, the true one".
Don't know how to reach you, but I imagine you still read the boards every now and then. The youngest passed his Eagle Board of Review tonight, time to start planning his Investment.
Thought you'd like to know.
Regards,
a
Hi,
@Gro,
Thank You for your graciously beautifying this thread with your gift.....just beautiful.
@auxesis
Congratulations and Salutations for the investiture of an Eagle Scout in your family. May he live a proud and honourable life, to all and to himself. .lll.
The motto, always , be prepared.
@to all who had made it, or thinks that they had made it
here's for you, the secrets to my success and analysis.
the advance level, if you please.
Thanks to jesslafleur for making it. I was sure that someone would present it in youtube, and here it unveils.
Alan Watts - Things, a Bigger Wiggle ie deceived by intelligence.
I present to you, the tao, Dr Alan W Watts, the only westerner I know, who understood it and presented it for understanding.