In my opinion, speculation at best.No real M3 impact.
More important news might be MMakers jitters towards fixed income marks and further ill-conceived regulation.
Fading soverign giants might turn into a trend , stay nimble.
Regards and good trading.
Riding giants.. http://www.youtube.com/watch?v=gAFclXZ7w-M
Hi jacson,
thanks for the perspective.
wow,WOW, beautiful video.
reminds me, what a little thing I am in creation.
and what powers God gave us to rise above all of creation.
God be praised.
Hello friends
Here is my snowballs projection, please, comments and recommendations...
Hi Fana,
absolutely rigid risk mindset, esp MO
you best stay on demo and read thread carefully.
no chance of survival, not in the long term.
Your pain threshold is inadequate and you should NEVER ask for others opinion on risk appitite and abilities.
Worst is you have no understanding of the mindset and skill set required. READ thread and think.You do not understand what had been presented.
You cannot even think skews. Your mind will crash in running battle. You see technique only(rigid MO), no risk capabilities (strategic) and absolutely rigid MM. I do not believe you had any hands on battles in demo. About pushing the boundaries envelop, and measuring your risk capacity. If you demoed you were probably just playing game of unrealisitic simulation.
Thank you Fti, this what i was asking was very easy calculation of my MM. Nothing more. So when it is not usefull, please recomend me how big the scout should be? Because when i am in the battle, i just go in, when risk is worth some bigger profit. When it changes quickly against me, i close it. I dont trade some system. It is foolish for me. So i asked for one thing(MM of snowballs). Thank you. Regards.
I say again, Fana, read and think.
if you had simulated the demo for some time you would KNOW, your cracking point and the risk you can stomach without breaking down, mentally.
I am vey sad, I believe and had seen many of you, pick up a few ideas here , and tweak your old gaming , and expect to be successful. I gave you people a whole different way of mindset and MO and MM. For you to simulate and find your niche. But many just tweak your old arsenals and believe that you can win , while still holding on to your old ways.
You do that , just tweaking , and the skewing will take you out even faster.
Last time i repeat, Read Again and think , and simulate in demo. You think what i said is wrong, ok, you push it and see what happens to the account. Your mind will not learn , until you actually experienced it.
And how I know, because you are saying the wrong things. It is good that you say ,otherwise I cannot see if you understood. So no shame in it. I just see you telling me wrong things, and I already can feel your mindset is all wrong.
regards
PS there is nothing wrong with the skews, its not that. The fact you talk 20 pips, you already disqualified your training.
No sir, i dont thing that what you have said is wrong. I know that you are a wise man. You are experienced and professional. I dont simply ask for hearing : Yes, it is true. So now, time for study. Regards.
lest i redo the whole training process again.
you email me direct, during the weekends or when markets are not volitile. tell me what you learned after reading for a while , and I will redirect your thoughts.
indianguyinny,
the OTC markets unlike exchanged traded markets are full of gaps every where. Prices infract from banks to bank and broker to broker. So in reality there's gaps every everywhere. It depends on what time frames you looking from.
so you can kiss the gap analysis goodbye.
in fact if you were trading with oanda you would be trading over the weekend, on wide spreads down. Sop far , they are the only ones making market in vacuum, that I know of. Much committed to customers market access and positional managability , althought on wider spreads. Takes guts and professionalism, doesn't it?
the other half just position until they get tired of manipulating or 13800, which ever first.
there's no ny today, so let them try anything they like
they still cannot run away from reality that they will be caught delta long euro when the options expires in zero fundementals.
and greece isn't about to disappear overnight.
if they need bids for euro, I will help, I am bidding 13800.
Difficult day to dance, no partners.
Hi All,
aux,lilpip,imjscn,acim
Thank you for your inputs to my thoughts.
Further I think blotter postings is counter productive. More over if anyone had questions, I 'll probably point at the 1st sections of this thread, as mostly had been presented.
Any specific reason why the volatility is generally low in all pairs during this period.
Thanks
TS
You mean, the long US weekend holiday. The lack of figs releases? In fact most critical US figs had pointed the direction. to depreciation of usd. The general sentiments and manipulation, using time to defray the inevitable, as eu economys trying to find their feets , as they are hitting the fan too. So making bias worthless as the markets are banded. I am watching markets closely. Don't want to be caught holding on to banana notes.
But be aware things can change in a snap.
chickened out of my shorts on e/u. let's see if it wants to go on its range back up.
becareful its much euro/cable crosses only. They waited for th cable figs for excuse to push euro cable off the cliff.
If you chase, she will spring on you.
ah yeah , the walk is a better indicator than crystal ball ,
too bad i cant cash in on that indicator , u were missing for sometime , all good on ur side ?
yes, as good as can be.
and Capt , my buddy sends me greetings, makes my day, already. last Friday , I didn't explain, I was running allover the place with him looking for a 11 foot mast for his new 28 footer catamaran. He now in Dili flying some covert ops.
wow , thats one hell of photo blogs , u dont join in him in such expeditions ?
we used to be together much, when we were young.
Life had us in different worlds and paths.
But he's still the best buddy i have.
He kept on flying, I was clipped and was confined to the jail cells in the banks.
He gets hell of a lot of adventures, as at 53 he is still more boy scout than me.
I am finished for the day.
Lets see what the cat drags in tom.
goodnite.
regards
Where is the Love In Man, so much EGO only.
Do you know that Satan was the 1st and most beautiful angel God created.
Do you know what caused his downfall from grace?
Do you know what the deception is that blinds him?
Do you know who crucified Christ?
Yes, the Church of Man.
The Church of Moses?
Have you ever wondered?
Are you from the Church Of Man?
Or The Church of God?
Can you distinguish between the Church of Rules and the Church of Love?
Hi ALL,
Thanks to all the condolences, as also the well wishes for the happy returns of the day. I am touched.
This week I had been thinking heaps about too many issues, and probably had not been as eloquent as I should be.
In many ways watching my friends and mentors leaving me behind had not stood me in good state, But as always I will dust off the debris and find footing again to live everyday to the best I can be, as if it is my last. Well one day it would be true.
On the issues of how to continue this thread that it may be current for those wanting to find it. Well the main one being trying to do hand holding sessions. This had proven very tedious for me with marginal productivity for some here. And I would like to take the advisement and retire the activity. In fact all necessary had been presented, only that experience is difficult to impart. However if you have any thought on this matter , feel free to email me, and i will revert ASAP.
And on the activity of posting my music, some to spur your thoughts and some for entertainment value. Still in thoughts. On one coin, I feel that this activity may be healthy that it gives space to distract from the pains of long hours of market focus. On the other that it may be unkind to make ff a youtube broadcaster.
Also been told that I had attracted unhappy attention from the financial industry on what i do here for free and may find possibilities of character assasination and the likes. To that, all I can say to all the good people here is to just ignore these dirty chaps. They soonest meet to own fates. God taught thru Christ, as they sow, so shall they reap. If they come to learn, thats fine, its all freely given. If they come to stir, well just let them drown in their own whirl pools.
For all here, focus on your own development and pacing. Seek assistance here on stuff thats bafflesyou. There are many good people here that will come to your assist.
For me , I would like to be MIA for a little, to ponder and to drift a little, to calm some stormy emotions. But most certainly be back on and off just to touch base with all you good people.
So trade well and carefully.
For All , Good Fortune.
Watch out for concerted intervention. The usd is hit the fan , big time. Talk about leadership. A case of teaching grandmothers how to suck eggs. At least Buba & the Iron Lady still have brains on top.
Many here emailed me regarding broker access.
Some thinks I advocate using oanda as prime broker.
Please be advised that that is very far from the truth.
Just that you are not mislead. Please be aware that oanda is only an electronic price feed. They are fully automated and have no other facilities to access market if their platform goes down. As some may experienced demoing them , their feed went down today. Some wise learners had millions of demo dollars in the open with no way of getting in or out of the market.
So I advise you not to put all your eggs in one basket. Although they may be providing very fine spreads for trades. It is ill advised that you credit risk exposure to them, be all your capital.
In fact, it is most prudent to have a few access to the market place just in case the feed poops. I leave you to chose who your better counterparties should be. This is because the retail market place is still in infancy and none of the broking counterparties I am privy to, have any time tested legacy of reliability for robust credit risk. The spots on the banks have that, if you chose to trade without margining, but their price spreads may not be as sexy.
regards
Oh and regarding the markets today. I was questioned regarding why I believe that the usd had hit the fan. Fundamentally its is very obvious, when a people without hands on experience tries to tweak existing musical instruments.(althought some leaders are jack of all trades, its hard to expect them to be masters of all, esp with ineffective advisers) It gets all out of tune. Any way what ever the bias, you need to dance the tunes appropriately. The dance today was a rapre of the cable crosses. Nothing new, just tricks from the old book of strategies in eventless(newsless) days
them anywhere is still them. Doesn't matter where the ops, still under the same board of managers.
regards
PS: and middle fingers for the stupid english city official who has no business commenting on monetary issue of which is out of his jurisdiction. He really really screwed the crosses. May be he was too free and that the city should heap stuff on his office to keep him busy. My feelings is that the managers of the iron lady should give him a tight slap , to set precedence for other morons to do the same. ya i was very long the cable crosses, evidently.
Hi fti, I missed this story completely. Do you have more details on this? Not the middle finger part - LOL - I get that part. Most importantly, how are you doing? I hope you are well, and I miss your daily leadership here. Have a good weekend.
i've survived for some time now. but with my lack of time and because of this not switching higher TF or wave degree (wich i mentioned in my drunk/ stuppid post) for rescues, a big loss is just a matter of time??
i don't know if i magage my trades well or i was just lucky.... ATM. i think lucky..... i keep trading and try to get my confidence back.
regards, pax
'
Hi j-pax,
I notice that many here have time constrains which pushes professional trading , out of your scope.
What i had presented is professional's perspective to trading.
To trade as as an investor , there is only 1 way to do it.
I have to think about, if I should bring anyone there.
Need some time to think about that.
Good evening and morning everyone.
The week starts.
I am in.
Good luck to everyone
Trade nimble Lusan, much undercurrents.One thing stands out like a sore thumb. the usd is dying.The question is how is she dying.that we cannot see yet.
Its not spiritual mostly, lifestyle( way of life) only. but its niceto have your creator and angels on your side.
Just now had a chance to review latest posts.
Where is the love ?
1 John 4:8 -God is love
Gods sovereignty is based on love, and those that support it is based on love.
Mankind created with free will, the creator desires only those who prefer his sovereignty to any other, choosing to serve under him rather than independent because of their knowledge of him, his love, justice, and wisdom which they realize far surpasses their own.(psalm 84:10,11)
The devil failed in this respect as you brought out egotistically seeking independence for himself...
Hi lilpip,
there is no necessasity to prove anything to satan. He is in deception and will be unwilling to see. He is much blinded by his deceptions. Self imposed deceptions.
Only love can frees, however that is beyond satan. Mankind can still repent, the lamb had been given, only if we can accept by owr own will to do so.
God's business with satan is beyond us, so no need spend energies on that
outr task is to save ourselves, from our own deceptions, also self imposed, mostly by ego.
looks like we r goin down , seems the recent upmove just a retrace n long chart (4h) shows 4190 was a possible top ... lets see if NY boys thinks the same ...
idle minds is workshop of the devil.
when did you become so rigid in crystal balls.
Nothing is happening.
lets see 11 pm figs is any catalyst for some impulse.
For now is best to sit on your hands.
You move and its gonna cost you pips)
Its just mmakers farting around the crosses, esp cable
There is going to be much changes in the markets, some musicians are being removed, and the chairs of the musical chairs game is reduced to ????.
I suspect musicians and chairs are removed to facilitate manipulation , the likes of which we had never seen before.
unfortunately, i'm inside messing around with the wrong end of the cable
fortunately my scout size is half the usual size
aye sir, good to have you back
then make haste before the manipulation swallows you . You couldn't had snowballed anything yet, right?
The tempo of the day smells fish ,and traps.
When moves are jerky and in straight lines, it cannot be anything but manipulation. Big proxy money in markets.
no, position's still half-scout. not willing to enter a rescue just yet. waiting for a retracement to my price. have set a mental stop slightly above 6175 though.
what do you mean by prices going in straight lines?
edit: oh do you mean prices are jerky yet hanging around the same area?
ai ya just look at the chart if you had not been dancing her.
Note tomorrow we have a whole barrage of figs from europe and us. So you need take aposition early?oh I forgot the new generation technical analyst, ie market gods. well ok.
Hi ALL,
Did you know, the interbank dealers take and manage proprietary position on all time scales. Because they being the backbone of the markets , make the markets. Thats why they have position exposure from time to time, because they make the interbank markets. They act as liquidity providers to all market participants large and small. they act as lines for risk and price distribution, to facilitate international trade.
Now their lines will be cut or removed, so who's left to make the markets? The federal reserve board? hedge funds? who?
Slow moves against the trend, more sideways than anything. Two important facts: if the market in trending, it will stop at some point, and when the market in ranging, it will start trending at some point. I am waiting for a decision to be made on direction, and do not want to trade the retrace on a Monday. Just a personal thing.
ai ya, Gefx,
If these fiasco continues, we probably be gambling fixes and pegs soon. Dead will be free and dynamic markets and price discovery.
regards
PS: I would not buy the usd even if it appreciates 1000 pips. Who is to say that the next fix will not be down 10000pips.
Gone is manageability from liquid and fluid markets.
with liquidity gone, whats there to trade. Better to gamble if the ball rolls into red or black on the roulette wheel la. Whats the difference. At least on the ball only God can manipulate.
definitely an interesting auction.
went off at 620 bps added 30 bps( liquidity premium )
old fashioned european hear no evil, see no evil, speak no evil.
bids out of europe.
the names are europe and American tier 1s, but who's the real purchasers? esp Goldman Sachs Group Inc., Morgan Stanley
"considering bond issues in Asia and the U.S. and may market debt to Greek retail investors"
I don't see much problems for them to sell paper in the markets, esp from the statement, they are not particular about the source of the funds. and they paying good yields, no?
I am much better,thanks jacson. my favourite aria.
I always try live to the inner stability of "what ever be your goals in life, brother, always look upon the doughnut and not upon the hole." but as always , takes a little shock to kick start the mind to shape.
the markets, they died.
too many poking into the structure of its growth.
if this sillyness continues.
then its time to trade coffee and orange juice.
or buy a beach house and have crazy parties.
much better than waste time , sitting in front of electricity.
you see what imbeciles can do to markets, imagine this mode for 1 year. Even the seals will migrate from alaska.
regards
no one can trade these markets now, only money changers. Good Luck to CHANGE. Many people didin't notice change also can be a two edge sword. I need get a new hobby now, retiring into retirement. I have no energies to deal with them imbeciles. Maybe after next election , when damage is corrected.
Looks like asian session is the better place to be lately. I was warming my lunch and missed the level to exit, so I'm hanging waiting for my longs to come back in the game again... or to deploy a rescue.
Can't see the range coming to an end any time soon. I hate trading ranges. Blah!
setebos
this is not ranging markets, Its red and black on roulette wheel.
and the casinos, they give better action than this any time.
The structure is damaged, I am hearing interbank lines off everywhere, at least for bigger boys. Others can do anything they like, happy casino gaming on the forex.
jacson,
come on be serious, For a name that does there fx risk back to back on customers? maybe fxcm is giving them live feed for retail prices? but teir 1 seems winding off, I am hearing lines off everywhere. Its called risk compliance, the new age forex.
A decade plus ago, they did a hostile takeover of Mrogan Grenfell, the oldest merchant bankers in the world. Under their management it has slided into oblivion. Tell me about their innovative spirits. kidder peabody and the original board of d would turn in their graves. Do you know how sad it is to see the world's oldest and most robust merchant bank and loan syndicator reduced to a stock broker?
Sir, with all the respect to you. This is the first time, that if you permit, i oppose with you. I strongly dissagree with
"no one can trade these markets now, only money changers."
I am very sorry for that what that imbecilles do, but i hope, we can survive. America can survive. I am friend of USA. And EU is also good partner of US. I believe, these problems are to be solved.
Hi fana,
Are you speaking with any operational teir 1's?
If not then you best listen.
But you are at liberty to believe whatever you please.
jacson,
come on be serious, For a name that does there fx risk back to back on customers? maybe fxcm is giving them live feed for retail prices? but teir 1 seems winding off, I am hearing lines off everywhere. Its called risk compliance, the new age forex.
A decade plus ago, they did a hostile takeover of Mrogan Grenfell, the oldest merchant bankers in the world. Under their management it has slided into oblivion. Tell me about their innovative spirits. kidder peabody and the original board of d would turn in their graves. Do...
Ps: if the name baffles you . today, it is known only by its initials, DMG. they did away with the name.
Sorry was 2 decades ago, 1988, I can still remember , every one resigned from the bank, one of my "brothers", he headed their far east regional treasury. They even tried to put one of the captains of finance, a director there, to pasture. Fortunately, God does not allow good men to go down easily. after his tour of eating the hunmble pie , he sits on the apex of SGX now.
Remember doughnuts sir.
With that said, you are absolutely correct.
Soon no treasury? Just 5 phd's and 2 computer programmers.
Kidder was before my time, I am still a young man by any standard.
I was on autobahn briefly a few years ago.
Historically they are very poor at hostility and fairly good at fading
Frankfurt still a different place than London.
jpy crosses broken smells of book consolidation..
Regards.
yes, books are being consolidated, and unemployment should be on the up. What a pity. This the works of inexperienced young management. They so scared of risk they should be working from jail cells.
OK, but what should i think about my future? I want to be a trader. So should i continue forex? What does it mean? Thank you.
IMHO: fti, you are the professional(i want to be one day) and i dont know what to do, when such pro. like you say, that goes retire because of diving markets... That is not, that i want to thing something... I only have a fear, because of when you say it, it is serious. I have to handle trading, job for living and i take it very, VERY SERIOUS. Every i do i think and work HARD. Appreciate your research. Regards.
i see, sorry.
its just that the tree is been shaken from the top. So every level of things will change. All 100s of years of experience and advancement will be erased, because someone need to change. But if only with experience and wisdom. Not in desperation.
So keep the day job, my friend. Even with dreams, you still need to eat.
Hi ALL,
Soon ,
I will teach this the imbeciles, what battle is like.
When my funds TT are ready.
Now Big Boys are no play, I AM BIG BOY.
One eye jack in the land of the blind is still king,after all.
Bring the battle to my door.
The proxies and manipulators, I spit at them.
Come manipulate.
The battle field will be sea of Blood.
Gold Bless. Be focused, watch you babies well.
Its thin and manipulated terrain.
To each their own.
Didnt i missed you chief yesterday.....good to see u back
V
Those that got bloodied in the yen yesterday.
Remember your lesson.
What you experienced was a barrage of japanese exporters selling the usd. They are grouping up to attack.
Be nimble or be sitting duck. That is your choice.
Note toyota is hitting the pits soon. Its war, and the battle lines are drawn.
if you like to leave your babies unattended, then you pay the price.
I think we are at a very low level (euro) and its worth the risk to play the upside ... offcourse always be prepared when down trend kicks in again ...
mahes,
stay nimble.
be aware of gross manipulation.
and esp thin volumes, so runs occur as well as suppression to range by manipulation.
dance carefully, watch the size and stay very very nimble.
noted sir ,
as nimble as possible off course
good trading to u sir
JFYI, I went very long 13670cost, and they tryng to squeeze me.
I will be going very high skew to kill them soon.
be careful
please do not follow me blind, use your dance capabilities.
I am very very fluid, due to size.
For yours is the power, the kingdom and the Glory.
Amen, Praise the Lord, God
Pray then like this, Jesus said,
When I fall, He lifts me up!
When I fail, He forgives!
When I am weak, He is strong!
When I am lost, He is the way!
When I am afraid, He is my courage!
When I stumble, He steadies me!
When I am hurt, He heals me!
When I am broken, He mends me!
When I am blind, He leads me!
When I am hungry, He feeds me!
When I face trials, He is with me!
When I face persecution, He shields me!
When I face problems, He comforts me!
When I face loss, He provides for me!
When I face Death, He carries me Home!
Jesus asked his churches, Why do,
You call Me Master and obey Me not,
You call Me Light, and see Me not,
You call Me the Way, and walk not,
You call Me Life and desire Me not,
You call Me Wise and follow Me not,
You call Me Fair and love Me not,
You call Me Rich and ask Me not,
You call Me Eternal and see Me not,
You call Me Noble and serve Me not
You call Me Mighty and honour Me not,
You call me Just and fear Me not.
If you have lost your way, brothers, read the testimony of Matthew again carefully. Christ teachings are clear as crystal.
I was on the wrong side of market - my bias was short and E/U was mostly up during European session. When I squared at GMT 15:35 total pip count is minus 100 but book is up 1.4%, due to very aggressive position sizing and frequent scaling in/out.
Regards,
Baifu
Hi baifu,
Be cautious that the MM is not become rigid.
You need match strategies with market form from your dancing of the market.
in congestions high skewing is good strategy, when ATR is volitile and is high , its a no no.
Are you trying to tech the market a lesson or make some money?
This is not nimble, lol.
Scorpions surfacing maybe?
I am sure you know what you are doing but still I feel like warning you against yourself.
Regards,
teach market? not possible.
wreck ,manipulator?maybe I can hurt them a little.
but mostly I beat war drums, and am back to my old self.
I am very on them, retail is not the way to go.
but doing what i can do, matched to my size for trades.
The manipulation, although in thin markets still cannot match my reflex speeds. thanks for looking out for me.
I am well aware of my var.(value at risk)
a lot of talk surrounding greece stuffs , stay nimble
be wary of an old fren named trend to kick in ,
not an easy market to tune to ...
mahes,
today is no figs , only rumours and tech play where to find big runs?
They have nothing to talk , then talk greece .
might as well talk about drilling oil in moon.
Already 50 pips run just scalping by market makers.
and I already took 30 pips per position. So the loss baby who carries?
ai ya.
There is some small time figs at 11 , may be the mmakers have excuse to pass baby to some traders.
Now they want ambush the pips back, ok, I take a nap until 11.
Hi ALL,
BuBa seems to have taken resposibility of ECB's Greece woes before trichet leaves office. Don't mess with Buba, they are par excellence treasuries as well.
Trade nimble and watch the developments. Mostly will be off screens, so also watch out for price developments.The markets thin so the ride can get wild. Take you sea sick medications if necessary.
regards
The dead cross is being challenged.
Remember charts are alive, hor.
found the following a few minutes ago in another thread.
Not sure if you know about it.
fti mentioned something similiar some days ago ....
[indent]Information
Don't forget that several mega hedge funds are betting against all EUR pairs at the moment. This could be one reason why brokers are nervous as their market expousure must be fcukin huge. If the hedge funds get it right (they normally do) then you will see some brokers go bust. So, expect spread widening etc from all of them.
[...]...
Hi,MaMood
ya, big money selling gaps detected frequently.
Comes in jerks.
If not for that market seems DEAD.
regards
same old politics, we'll deliver 5 years down the road. That is, if we are still around. By that time greece may change to ky.