Hi all,
Just catching up on the thread. No trading today, out playing golf with friends. Just put a scout out short on the EUR/USD 1.4230 after a small pullback from 1.4220. Had a great day yesterday, most profitable in the last two weeks. Trading without a physical stop loss is a great advantage in range trading. (Also in trend trading). Yesterday 1.4200 was like a magnet. I just went short when price was above and long when price was below.
Looks like folks here are trading the range with good success. Cheers Ray
Hi fti....it seems your country has strict censorship rules...
This is the film Singapore's censorship board doesn't want people to see. ... Watch the President's press conference on YouTube at 8:00 p.m. EDT on ...
yes, censorship, here is very strict.
But if public servants , strangles the masses too much, then I guess they face the music eventually. Here their bosses are still elected by votes.
I know that my question is off topic, but I would like to better understand trading in structured (exchange) makets.
What are the main differences in your approach to trading indexes?
Does MO and MM stay the same? How do you handle the time limitations of exchange session (hard to make protracted rescue campaign) and do you ever leave scout or part of position overnight?
Hi Ronin,
Basically, the main difference between structured markets and OTC is that OTC prices can go over your bids or offers without filling you first. In structured markets, such infractions cannot happen.
The other is brokerage. As fees are levied on order-filling(ie exchange fees) and clearing fees,and bid and offer spreads, so makes it more expensive to strategise trades.
To defary the disadvantage of bro, one should join as members to exchange as locals, where the cost of tading and positions cost goes down tremendously.
However the trade MO and MM and mindset is the same. If you do not carry positions after exchange closes, then you will not be exposed to unforeseen events risk.
If one wants to carry overnights , it would be more advisable to trade the underlying instead of the derivatives.
In trading derivatives, I never hold overnights and I trade always as exchange member.
LOL, strict as the censorship is , I am able to view the clip.
Govt politics is a very complex subject, way beyond my capacity to understand lest comment on. One thing I know is that there is no perfect govt and that a bad govt is better than no govt. So long as the masses have a say by their votes, I guess absolute abuse of position is in check always.
I believe, the youtube thingy is probably sit in the confines of youtube policies,and if they insist to carry some that may incovenience the users , thats their call, and they will be face whatever music thats due them.
May be just my view, but even considered"good"governments allows much controversial policies to be enacted. for instance , how fair is the copyright and intellectual property rights laws. I feel there is too much lean towards commercial protection than consumer protection. But who checks that the abuse of commercial rights had not outweighted consumer rights? Who champions the consumers? How much royalties are paid for the use of the invention of gunpower for instance. And the trees , who's has the interllectual copyrights for its use?......I can go on until the cows comes home, but at the end of the day , we live with whatever abuses we can stomach and run if we cannot. Life's just never fair.
Im squaring with a little profit today , tiring day ... I think its the first time I ve sat this long without a break...
I really wanna see it breaks this level though ... but no point ill just make mistakes at this stage...
good day , good trade , good luck , good nite
ciao
Hi maheswara,
She tried to take my donkey after figs.
yeap, I showed her who's boss.
Her donkey is mine.
but at one time I was sjitting flour.
Hi ALL,
Just to sound, the daily Euro/USD is outside day key reversal.
so be on a lookout for USD BULL stempede.
I sounded, the rest is in your courts.
Today is Friday, so can be fast and swift.
Moreover if reversal looks good, there much bull usd days ahead.
fti, is there a common timezone for charting that currency traders tend to use?
Hi Zoran,
most use charts Greenwich Mean Time, closing at Tokyo Open.
I hope all is ok, I got my butts kicked today, Bias wouldn't let go, and the japs hedge funds and pro, USD profittaking shaved my profits yesterday. Anyway half of it.
And I will be looking forward to get it all back NY today. Thanks to proper MM, saving my donkey.
trade well.
Dang bias chart analysis.
better without it. well at least for today.
I am sitting listening to my music, and doing housekeeping on some of the computers over the weekend. And had been walking the memory lanes again. Mostly I am smiling, while going thru the "Technical Analysis Fallacy Yearbook, 25 November 2007 - 25 November 2008", that DutchAngel so painstaking made for me. Thanks DutchAngel, you are so kind.
There is within the book, a cd movie of many of the faces of the people here then. So much work was put in to make that nice clip of your photographs, and I don't even know how many of you have a copy of the yearbook. All the hard work would surely go to waste, if only I alone was privy to it. So I was thinking that with the permission of DutchAngel and the people on the clip( I hope you know who you are), I would like to post it on Youtube, ( or somewhere), that all may share the beautiful clip.
So what do you say?
Unless I get a unanimous on this suggestion, that nice clip may forever be in my confines.
regards
the people involved are
DutchAngel
MaMood
mijamoto
Skinner
Lusan
Zoran
piccolo
hpr
maheswara
seeit
Northpro
textor
zerosum
indianguyinny24 ( good foto of Manhattan)
hcong168 ( good foto of the beach)
joypips
auxesis
juso
Islandorange
piksy
M-H trader (good foto of cactus)
Jest1081 (please invest in some lighting)
(Tigerlily) lol
sevic ( nice brunei mosque foto)
lilpip
and no votes from Brainspan,Heli-Ben,Chet,King Henry.....required as they already celebrities status.
And any thoughts of how this may be expanded, as this family of traders grew.
I am glad that you are still enjoying the yearbook, but I must add that MaMood also put a lot of hard work into it as well.
You have a from both TigerLilly and me to post it on youtube. I would love to do another yearbook, but just do not have the time right now as our move is getting very close now and I am still totally disorganised.
kind regards
Hi DutchAngel,
moving to singapore?
ah....this is big project.
Slow and steady,...........will get it done. I mean the moving.
Hello fti and All...Too much time on your hands these days fti ...when I read your post I almost fell off my comfortable chair ...need to think about response after a rush to fridge and a recline on the deck ....much too stressfull for a lazy sunday in Salamander...
yes fti...all those in year book have copy...oohhhh so stressful...back to .....
noted joy, didn;t know you all had copies.
was my thinking too, may be unsafe.
Thats's why i seek permission.
I undertand fully,
ok stress off. not to worry, will hold off.
fti...you have brought us soooo far...but this is too hard ...if everyone else votes then I suppose I will have to as well...
As to being included in the list of crooks that inhabit youtube these days....weeeelll what can I say...I don't think I like being in the same space as they inhabit but if majority rules so be it ....
fti...I knew nothing about these markets until I found this thread and you...I was one of those messing with the markets and lets see what happens people...What a rude awakening...
Didn't you teach...
Hi Joy,
Thank You for you kind words.
Most of your profitability is grounded , on your willingness to understand and learn and think for yourself, I just provide some info to help.
Anyways, since every one on the yearbook has a copy, therefore there is no reason to post it. If anyone wants to show who they are, there is the avatar on FF, to post their faces.
Of course, if there is any kind group of people here, would like to do the next yearbook for Nov 2009, it would be nice to see some of the new faces, and I can take a ride on my lanes to see who had benefited from the works.
I'm curious and anxious at seeing this year book.... so, please publish it, Sir, let us all know how the guys and gals look like
Hi imjscn,
It is truely, a security minefield to publish such.
If you may like to be part of the next year book, surely , you will be printed as part of this growing family of traders.
So for now, my idea of publishing it,I stand it down.
And no opinions or votes is required. This is final in my mind.
But if any members here would like to be forthright to show me who they are, can post your pictures in your avatar. I would be much happy to know you as a person, who had benefited, and even we may develop a nice traders friendship. Who knows maybe play cupid for some of you who are single, but you know my opinion of traders couples. But what do I know about that subject, very little.
Thanks for the curiosity, imjscn, you have many friend here, so band with those that are close to you.
Further to the question Zoran asked about the charts.
What I discovered in my test , was that not all MT4 charts are equal.
In my quest, althought I didn't get the chance to try all brokers.I found one little known broker's chart feed rather useful and accurate for my use. They are known as ITFX Trader MT4. I thought they were out of Italy, but maybe London...??
ok, Sir, I'm sure I can dig out the yearbook in private
But I'm not going to post my picture as FF avatar.... I'm still single and reasonably handsome, girls might crash on me, who knows...
Ok , handsome, so be it.....the single girls here wtach out, cassinova in our midst.
ok, Sir, I'm sure I can dig out the yearbook in private
But I'm not going to post my picture as FF avatar.... I'm still single and reasonably handsome, girls might crash on me, who knows...
Cool avatar, Sir! Cowboy style, I can imagine a gun or two are hidden on both side of the trousers.
But, put off your jacket, show us some 6 packs, ok?
sorry, la , but got one solid piece, if you please.:-)
Early bird catches early worm.
Early worm make good breakfast for early bird.
I like to see who amongst you had gone pro?
Probably dealing is too tough a life-style for you? huh
making $$ the hard way?
Then sure you can second guess your Technical charts and make a long term punt. Any fool can do that.
OK, I stepped away for an hour and the dollar bulls seem to be in control. Been trading with dollar bull in mind all morning. Still seems, however, a little choppy. Back to focusing on the next trade.
Just saw fti's post, glad to see you trading today. Get on that big bulls back and ride it.
looks like I will be busy riding the bull for a few weeks. and of course I shall be resting sometimes.
are you relating to that "US Option guy" and his targets?
However, I wish you all good fortune!!!!
CU,
MaMood
Hi MaMood,
I am speeking from my bias, and positions.
Look at the Euro chart. she informed the market twice, where she wants to go. And a lady won't keep telling you , unless she is determined to go for reasons only known to herself.
if you are dancing the markets you would had seen and felt her direction , she is saying very clearly. moreover this the begining of the big usd bull. If you cannot see it. how to tell you , the obvious.
Sorry chief...
I just got back from NYC after 10 hours drive....
I will amend myself...
I was SQUARED!
Now I am riding an evening bull with my scout.
CU
nothing to be sorry about Lusan, just wanted to get you terminology correct. Otherwise the pros, they may laugh at you calling a dog a cat.
Don't want to second guess the leader, but isn't that a bit o' crystal balling?
Regards
Hi auxesis,
Ya, in essence , the profits may be getting to the head.
and true to form , from FFT open the usd bear just lost her form.
Wonder if she'll be back anytime soon.
Hey USD bulls - what are you waiting for???
Please give me a clear direction for my Lady USDJPY.
Till now I started my trading day with the bounce from 9400 to 9480.
Then I continued to dance the swing down from 9500 to 9475.
And now I'm waiting again.
Is she going for a Up - down - cha cha cha again ???
Hi MaMood,
Impatience and Lost of focus and decication are begining signs of downfalls.
Beware i can only say, I can bring the horse to the eaters, whether to drink, it depends on the horse.
Ahh squared now at 1.4090...too much analysis this morning...need to go readjust for a little. Posting a snippet from a very good interview I read recently with a former prop trader/current hedge fund manager. Its regarding a FX trade while working at Goldman Sachs. It highlights a very real possibility in our market, the likes of which we have yet to see in our short trading careers (fti excluded obviously) Reminded me of an FTI post long ago regarding large phenning gaps and stop losses. Enjoy...
Christian Siva-Jothy
[b]Former Head...
Hi ,
I cannot tell which period he is taking about. There are many many such incidents in the market place.Too many to remember. Sounds no different from the nic leeson story.
Delta hedging is a exposure resolve on positions. in fact no one is completely delta neutral at any given time, except when markets are closed or not trading.The real minefield depends on the traders sigma speed. High sigmas in exceptional volitiltiy is a killer.But there are much strategies to manage that. As synthetic strategies are long swords, short term market volitility should not impact its managing, otherwise the strategies that were used are not best practices. In lay terms, his strategies has risk/rewards ratios to extreme unbalance. probably too much bias and speculation to the model.
Difficult day so far. Been in three trades and captured all of 4 pips. Currently in the E/$ short at 1.4075 and just hanging on now. Watching the CAD and the CHF now, too. Watching E/$ reaction to 4059.
Edit: Square on the euro short at 1.4060.
Hi gEfx, I don't know whats happening to you, maybe some self examination would suffice.
But for me I am having cart loads after cart loads of pips coming in. some are still on their way.
" Nikkei open strong, up0.4% after yestreday's global equities fall. This triggered EURJPY demand. Traders suspect there will be eurjpy demand for the tokyo fix today. players will watch Shanghai stocks for hints. Exporter's orders expected later in Asian hours to cap upside."
synopsis
the market will be looking to buy euros in early morning trade. However expectaions of exporter selling of yen is expected to cap that rise in later tokyo.
Hi Textor,
Nice, The classical tango gave me a feel of the markets bulls , bear and mostly pigs in dance. Its like a musical picture of the markets' pulse.
Ok ,a little education.
How do you know your broker is not bucketing your trades?
When he allows you to access the market.
when he allows you to place orders inside the price spreads. Otherwise he aloows you market access only thru his price. then he market makes to you, your only market accesss.Understand?
I found an online retail broker that does that for mini tickets, now will be testing him out.
0600 GMT [Dow Jones] EUR/USD, EUR/JPY rise as short-term players cover shorts, taking cue from slight pickup in short-term risk-tolerance with some Asian share markets turning into positive territory, says senior FX dealer at major Japan trust bank. "We're seeing a short-squeeze here, and into London hours the euro could rise toward $1.4100 and Y134.00," he says; [...]
Disclaimer: Be aware of possible Cow Dung included ;-)
If that dealer would come to my window QUICKLY, I can show him what a LONG STICK is like. It will surely ease his short squeeze problem quickly. for him 14015 choice
I wonder , what s the criteria for promotion to senior dealer these days. Should learn to deal with prices instead of lipping. If this was junior dealer, I may understand. Looks like some banks may fold again.
Looks like your doing a good job entertaining and cracking yourself up.
some pain gets a short squeeze and I am up to my turtle neck with USD/Euro.@ 60 and not even jap name, gonna need dusseldorf to come take some usds at 14025, now.
Hope the iron lady 's watching her babe. Thats most certainly on a short squeeze.
Happy trading day to everyone. I took a long position on the E/J earlier, am square with some nice profit, and am waiting for another trade. Hope everyone is trading well, and it looks like fti has been doing that, congrats. US equities are soaring, as is oil. We'll see where this all goes now. Focus.
So now we know who the Long Euro supporters is. cross trading.
Hi fti, hope I did not ruin your short euro party today - lol. I have not gotten on the dollar bull train just yet, but would like to be there with you. I have to admit to just scalping today. Trade well my friend and lets keep it rolling.
No problem my friend, in markets there are no friend neither enemies, only interest.
The enemy mostly resides inside of ourselves.
I am glad you managed collect some pips.
Seems you may have a good chance to join into the flow of this river. Mostly trade nimbly. Thats how I beat the rally, using her strength to buy collect profits to shore off the structural shorts as well as using spot cross legs to defrayshort impulse. It is impossible to swim against the flow. And this one seems a waterfall.
Also control anger and Egor.
i am boss, thanks for ya reminder, sorry for ranting LOL
u seeing cable ?
nothing's really moving.
4 pips spread in out andther 6 pips slippage , how can any one make money.
They will ding dong around to kill pigs, and when every ons's patience runs out run for a little, and do the same stuff again.
stay cool MM and manage. there's no real direction, but we know the impulse is bull usd.
Thanks,
Im checking in and out with the market, another busy day.
However, when Im in my cart is pulled next to your table looking to grab a few pips that fall to the floor or you leave behind.
field day taking in the loose change,huh.
wished they would congest more, could make more money in the congestion than on runs.like today.
For me today was good day, caught both the run money and congestion money. Sure couldn't ask for more, only what ever she would give.
So our non Japanese "friend" in Tokyo. Plays Long side.
Every report I read sound so bearish USD today. Why haven't we broken 14200 yet? What want to sucker me to be long Eur, so that she can screw me.
Now I know why,
Any one here remember, one,non jap name in tokyo, what you migt call it, Goldsucker, man advised customers and family to buy Euros, big time. Guess what his donkey looks like this week. Too Big and too high.
Better watch it mule. There was an incident in japan , some years back, when a japanese investor , after losing money on bad advice, took his katana out to aquaint it with his brokers. I feel for you, kaijin.
Just to chime in. I'm trying to think how to put this into words...............
Viewing your average rate of return in comparison to others is apples to oranges....
Thanks auxesis, Mahes, you owe him 2cts.
I ll wait till imjscn to tell you the $800 joke.
That was interestingly funny.
Just to add, my thoughts, I came to teach some in the thread that you may not lose your money, because of the lack of knowledge, and now I have to deal with people complaining that they don't make enough. As far as i am concerned , the highways to wealth is your own journey, You use your minds and make it happen. My task to to help the little people not to be scalped to death by the markets. Is hard a task to improve people who are already outperforming most FUNDS managers out there. I believe , there's a whole lump of them um out there still grappling with negative books.
1 thing , I would like to ask you Mahes, is , did I ever advised you to run two books concurrently?
ai sir ,
not complaining on not making enuf lol,
just that I felt uneasy at high level skew , frankly I felt I was lucky few times I got out of the situation , but that wont happen all the time...
so I thought if i cld lower my leverage and thus my risk , i just need to work harder to make similar profit ...
no sir , u never advised the two books thing ...
thank you sir
Hi mahes,
Like I said before, moving up levels of risk exposure is not an easy task, as the mindset comes into play , big time.
The transition must be slow and comfortably increased as the mind settles from the escalation. Once unease sets in cut back quickly. Once disorientation comes into play, then all scorpions are released simultaneously. Go slower, that will make the difference.
Just for example and some bragging. I will easily take the head off a chicken and drain it of all its blood for camp cooking. For one who had been getting thie chicken from the super, it may be a mind explosion to do it. Its all mindset, my friend. I hope you understand.
sir yes sir ,
not able to do exactly that , moving up risk exposure ...
disorientation and all scorpions released all at once is what happened , the resultant is this losing cycle ...
will cut back by releveraging at lower counts ...
thank you sir ...
Ok. I think you , understand. Go back to when you were comfortable and performing. Find the old feel, and dance her. Back to Basics.
Today is the beginning of a new book., for you . The past is gone. Today you start again unencumbered. Remember the little monk story? drop the baggage, find yourself again.
The big usd bears came to town on friday.
now we have to find out who's in the ring, the bulls or the bears. Neither is friend nor foe. Dance the dance.
very interesting posts this wekeend.
Some stuff to ponder about ....
I'm a little sad, that my trading schedule has shrunk from 5 days a week to 2.5 days only (Wed. to Fridays London lunch time) due to some family tasks. After that very interesting trading days last week I'm very keen to start trading tonight. But I have to be patient till wednesday again.
The EUR/USD is very quite with the Tokyo guys. No after lunch runs. Lets see what the Europe guys want to do. Should be some action in about 10 minutes. Ray
It's a 3 Kingdom romance -- if feel good with EUR, then show GBP a "Busy" sign. If feel good with GBP, then show EUR a "Busy" sign. If JPY turns hot, kick out both EUR and GBP.
Hi imjscn,
Its not as simple like you assumed, althought it was 3 kingdoms. It was between money(Songstress career), someone's son, and his grandmother.
This very complicated kingdoms.
watch it cable upstrong.
it looks like cable found support to springboard.
but its been behaving like headless chicken the whole day. Wonder where the CB s are lurking?? or are they?
cable is firm due to like you mentioned last week, that they expect Uk rates higher before Ben"s.
yup
I can feel that sensation creeping back ,the playing to win feeling ...
now just gonna stay nimble and building it back slowly ...
figs showing nice numbers ... wonder if its real ...
figs had no impact, actually we are going wrong way, but the money makes it right.
Just don't chase. MMakers are trying to play with us,
have patience, snipe him.
let her breath, find support and snipe her again.
I am skinning this cat good. She tried to hide behind figs.
Something is happening at the background, just that we are not privy yet.
I am surprised that CBs not in sight.
remember scouts can risk, if gets too hairy, make more scouts and space them out. Don't risk army unless much scouts out. Play high volitility strategies.
Happy trading day to you all. Looks like you are taking it to the market today for sure. Good for you all. I have been in and out several times today and am so far happy with the results. Hope you are all still on the euro train and riding it high.
Unfortunately I flipped 2 times before she ran, So my pips a little diluted but I rammed high skews, so am still happy.
waiting for support, and not chasing, having some snacks now.
This is getting very scary, as very high.
Good game as gets my heart racing again.
got to strategise well, it will get very tricky, be alert, and try not to be piggish.
Chances if retracement canot come, we will drift sideways for eternity and sunddenly run again, so be prepared for variances.
I stepped out for some fresh air and a cup of tea, and now back waiting for a pull back. Been a good day so far and do not want to chase the market. Its only Monday and been a good day so far, so no need to get greedy or stupid (which sometimes happens to me - lol). Glad you are doing well and good trading to everyone.
Seems your dancing shoes are in heavy use today.
Very intersting to read your comments and watch the charts.
Patience and nimbleness seem to be the key skills for this trading day...
Will try to do some small dancing steps in NY late night session.
But it's not easy to get in tune, when most of the trading day is behind us already ...
However - I wish you all good success!
dance well MaMood.
hey, even I cannot dance the past. Can only dance the now.
so the past is past, the next hours, who knows.
It doesn't matter where I heard it. Lots of BS , half truths and lies circulate amongst traders, mostly.
I am asking you, if there is such matters happening?
Also I am hearing there are traders who come to this thread in stealth mode learn some stuff, then goes around saying all sorts of negative outside. It doesn't bother me because i know as true as the sun rises in the morning, these people will have their scorpions take them down.
Let me categorically say that I had authorised no one and am asking for nothing whatsoever, in return from whosoever who benefits from their use of what I had presented in this thread. It is all given freely for all.
Let me also declare that whosoever who ask for monetary returns or in kind as is, is firstly ethically a con, and secondly in violation of legal laws in some countries, and will face the consequenses of their actions to the full extend of such, when caught doing so.
Patience, my friends
p.s.: A very nice dutch angel told me, that NFP should be 50K worse than expected realting to some rumours ....
But do not forget about that: Be aware of possible Cow Dung included ;-)
Hi everyone. Just stopping by to see how you are doing. I have made no trades since the NFP announcement, and am now getting sea sick witht he up and down action - lol. Action may be settling down now so back to focus mode.
What is there to focus?
It is fact, the USD will be defended.
And I think even the currencies CBs are defending the USD.
Hi fti, yes I survived by just stepping aside. I traded well up to the NFP announcement, then kind of got lost a bit during what looked like quite a battle. Had a good week and was not going to run the risk of giving it back - lol. For me, NFP is usually a day to avoid once the data is out. I bet there are lots of people who got sucked in to the initial jump north on the euro, and are really hurting now. I have to admit to being tempted to go south at 1.4292, but discipline kicked in and I went for a run. Important to stick to your strategy and...
Good morning all! I have been on the sidelines so far today due to being out of sync for the moment. I wanted to share a link for anyone interested, its a rare Documentary from 1987 on the legend, Paul Tudor Jones. This was up on youtube for 12 hours before it was removed (rumor has it after it's initial release he bought all copies in circulation to prevent further viewing!) but I found a few links where it can be viewed.
At one point he is trading DM/USD (futures possibly) from his house on Sunday night over the phone. Trying to get a quote...
Hi btr5596,
Sorry, to say , but this is BIG time novice Futures Gambler, gambling with others money. Nothing Pro about how he trades.The pros were making the market for him thru his brokers
Maybe there may be a clip about the real Pros one day.
wall street warriors i think is an interesting documentary about the different caracters on wall street. the daytrader between minute 2 and 5 (in the youtube link) looks like a professional to me. he appears troughout the serie. http://www.youtube.com/watch?v=R5FXaa1n40s
i hope everyone is enjoying the weekend
Nope , sorry , See no pros in video, The russian, hum?? maybe. but still punters and many pit order fillers.
The astrology chap, I won;t trust him to walk my dog.
Man,
what a blond!
I think I will visit the man, get my horoscope done,
and get her phone number.
Opps...I forgot..I already have a boss.
Ai ya Lusan , male brain in full moon. May be market problems may not be your problem, careful about lossing ears, or............. castration seems in thingy these days.
my view of the e/u terrain as I try to keep an eye on the yearly or major trend, (up from 4094 area).
monthly terrain of aug.
4500
3936
3373
last weeks weekly terrain
4356
4131
3936
this weeks terrain and areas of extra interest.
4430
4154
3992
my bias is up from 4154 area.
I ended up hedged 1.4050- 4430 for the long sword as I stood aside during nfp and was busy with other things throughout the day I was not sure what to do and quite frankly I still don't after that strong move down from 4445.
Will see what the week brings.
Looks to me , like you may be heading for a lot of trouble, if you keep thinking like this. Sure , its nice to know the landscape of your dance floor. But with volatility as we had seen, anything is possible. Hope those views you have , do not freeze you when the music begins.
I rewatched the clip, and I think I understand...He was speaking with the broker on the phone who was trying to get him filled/get quotes from different banks; banks who were making the market....
yes , seems he was. I don't like traders who have no finnese in their language,( he's not on a trading floor), it just shows his class, their egor will take them down mostly. And If you asked me he's a little sugar high.
If he called me for a price and spoke like that, He'll be speaking to the dailing tone. probably thats why he needs his brokers.
Interesting, see what I mean. Like one story I heard. "There ain't no fury, like......"
be nice, you have penance to pay for TRYING to be naughty. be nice, she'll understand that you didn't mean to rub her the wrong way. I hope.
If you do get into a whole lot odf trouble, you may like to reassure her of her kingdom? . Boys will be Boys.
regards
I have trouble understanding how he is regarded as a novice trader...he has at least 30 years of trading experience.. and he is still doing it.. made 750m usd in 06.. and I have watched the video when it was launched on zero hedge... help me FTI!! I NEED CLARIFICATION!! =)
Hi 012,
I don't know who you are or what you need the clarification for. And your profile doesn't say much.
I know who he is. What I mentioned is my opinion of his style. I don't know his Mo, generally from what I understand he uses investor methodology and size manipulation. I also had seen the methodology of the Quantum boys, You may like to talk to top Cat. It each their own.
If you have high regards to that style then there is little I can offer you here. Its world's apart. Maybe , you may be wasting your time here.
I introduced myself a while ago... and then couldnt find the time.. to participate actively on this thread... because of work obligations...I dont think I am wasting my time here.... I just like to challenge my own train of though..and doubt myself all the time.. because being overly confident and having absolute conviction will kill you in the markets.. its like the story about the scorpion.. I trade spot for a bank.. and I have used your psychological methodologies in dealing with market swings.. extremely effective.. Mad props to you FTI... no...
Oh 012, sorry didn't realised that. Thought some new sign up trying to stir.
In fact you are right, not really novice as in info and info resources. ( he has his own economist, whether he listens , is another matter.) His style is all muscle and lots of deception. Gets pretty dangerous, stuff rogue traders are made of. he's not making daily living . He hunts once in a blue moon and eats through the dry seasons. A few dry seasons and may starve. Not to bang all investor type traders, but its easier, with OPM.
today been the hardest half percent I made...
much much more defensive than before the mm is ...
it feels like Im working for money now , lol , market pays me by the hour ...
Well, my friend don't think, little of your performance today .
There's hords of people out there may give a leg and an arm just to be flat today.
I do agree its surely a weird day. Expected much higher volatility, but then I am prepared for her variances. Is an ok day, and still waiting for some pip carts to finish the day. Nice south move, wonder who's controlling the dance.
I am sorry, didn;t post much, as heard a lot of bad things happening in the background, of many people here , after learning some dancing , trying to cheat others of fees to learn something thats freely given.
I am so sad, about this, as apparently the group of people are the people I thought were able to survive and live off these skills for life.
its a bad day on this God forsaken earth for me.
For those honest and upstanding peopel still here. I hope you will band together, and carry the faith.
Hi All,
Please don't take things the wrong way. I will not abandon good honourable people because of some bad apples.
Was just expressing my sadness, to the thought of some of you had lost good money to the lurking snakes, because of their own gullibility. However for them , it is a lesson to remember. But it nothing unrecoverable if they put the effort to learn that which had been given. I was sad to feel the pain that God and Jesus probably felt when trying to save the sheeps of his creation. And that the decision to alienate us from heaven was not wrong although painful.
We are so much satan and so little God. That its so sad that we were from God.
on the trading front i had been having a good field day , since Tokyo opening, and the victories mute the tiredness.
I shall be watching the fomc soon to get an insight of things to come and grab a few carts of pips as well.
The MO for the fomc is similar for all important figs field MO. Aim well and move quickly, and most important know you position in the MM.
Good hunting , to all good hearts. And thank you for your empathy , my friends.
The e/u did not want to continue her climb from the previous week and when she moved back to last weeks area I was up from (1.4154), her move up from that area was not so convincing, she sure feels like theres more motivation to move down than up.
My bias for the week is up from 1.4182, the area shes in, otherwise Im going the other way.
1.4438
1.4182
1.3998
1.3734
So much for the weeks review and trend, I need to look at the daily and prepare for sun.
Hi lilpip,
Don't let the analysis get in the way.
The variance possibilities may baffle you.
Even I cannot see 5 mins ahead of me in this climate.
Keep the faith, dance the song.
She choses the music and not you.
You chose only your strategies to meet the music.
Missed your post, indeed some interesting stuff floating around.....
Hows to move into the other markets?
Regards,
Hi auxesis,
Yeap, much BS all over , can't see much as behind the veils.
But one thing is for sure, the music quickens. Most important, is the carts of pips are coming in for me.
Some people takes their own sweet time to render markets excess. If they want me to wait, so they can wait .
For now back to spot retail interbanks, also testing out one online broker who promised unprecedented market access for me. We shall see.
Dance well , my friend, its gonna be the longest day again this Monday.
you have mindset fixed?
Go to low skews. Fight tooth and nails.
Keep your head down and follow the flow.
There's nothing out there thats gonna show you the play.
Its a big fog of deceptions.
Dear fti and members
I am regularly working through the info kindly shared on the thread..and I realise that many are quite experienced trading this method/non method now..
So I hope this question is not too basic and you are not fed up with the same old questions?
Q.
Once a scout has been established into the perceived trend - and if then the market immediately turns the opposite direction - do you have a set amount of movement/pips that you will allow the market to move before entering the rescue - and then a point of no return?
I understand...
Hi gdb,
I noticed you are very new here.
Actually I am done on the presentation,but since you are having problems ,For you, once again.
Understand AOW very clearly, try to think about whats been said, and think deep.
Basically the function of the scout is to determine flow.if you were in the scenario that you put forth, then it would be clear that if the movement violated the basic trend deteminant, then you would be against flow, if such was the case , all it takes is for impulse to resume and it would be fool hardy to even attempt rescue.
If such flow was retrace, therefore miss timing, then a skewed rescue may just save the book.
Your strategies and response should be dynamic and in response to flow more than any rigid perspective. Strategies are of none value, unless they address the dance at hand. There are no rules to determine what you response should be but to follow the dance impulse.
I suggest you demo your trading while you read and think , as there is no better teacher than the markets.
I hope this help you, but I really encourage you to read think and practise. Thats the only way to develop the skills.
Once you get into the groove , you will understand. Otherwise it would be possible to learn how to drive by reading driving instruction, which is unlikely possible. Read the thread carefully, mostly the MO is not clear until you can embrace it. Otherwise PM me , I will try to guide you a little about chinese thinking.
yes sir,
mindset is fixed ,
still wondering if i need to step up , ill survive with this low return as well , looks like im gonna keep this rate for some more time , it makes more sense to me to be on the defensive side for now...
good luck for tome
Hi mahes,
You had tasted the flow and the MO.
Seems your adjustment to new MM is not palateble to yo risk tolerence. Try stay in comfort zone , don't press it until your mindset can adjust to the upsizing. You will know your own levels, from your book performance. Disorientation and discomfort in upsizing is the most difficult to adjust to, esp, when adjusting while volitilty is shifting as well. The trick is to stay to +ve book.
As your foreign cap accumulates, the transition may be smoothen. Force it and all your scorpions will surface in a jiffy.
Thanks for the thoughts, indeed, it matters not what I read, nor which way I think the market should go... as a trader which ever way the market flows that's the direction I need to follow.
Will keep my mindset in it's proper perspective.
Longest Day! Hopefully taking the beach head won't be so painful
Wishing you and all of us, many carts full of pips!!!!
Regards,
happy beach combing
Watch out for mortars.
and bunkers.
Hi ALL,
I just heard that oanda is quoting elephant spreads (10pips ). I think you chaps trading with them should find brokers who are at their most professional standards, seems like they are not on the ball at all. All the highest professionalism talk, All BS, if you ask me. If these can't get decent dealing prices, maybe they should call me at counter 13.
Good trading day to everyone. Do not want to try to predict the future, but US futures all way down, European and Asian equities have fallen, oil is down, and there is an article about the pound being overvalued. Let's see if currencies will follow with some good trading action. Trade well everyone!
I think you'll have to wait a few more bars for the poop to hit the ground but be ready in case it hits the fan.
poop's falling slow motion in Euro and its going other way in cable, interesting. Much waiting, shich way, huh.
So I think I will walk a little down the memory lanes while I await.
Dang retail cowards,
whos offering 35, come to interbank, I am making $2 tickets for you 38 bid. no name switches. I want to know whos donkeys I am getting.
If too big for you , I can make $1 tickets, no name switches.
Technical Analysis Fallacy
Ray.
how to tell you , the obvious.
a song from the secret songbook.
thanks bulls.
reduce size , and snipe him.
I hope.
