MightyMouse

Tapering will begin when UE rates are at or below 6.5% which might not happen for a while. Who knows if it might not happen at all. If it does happen, then it will be a good thing and not a bad thing; Tapering will occur when economic conditions improve. The fed will no longer stand firmly behind markets as they have in the last few years. So, there will be: growing earnings, flat inflation, rising interest rates, and high stock valuations. Sounds like bull market continuation to me. Your vote selection is too limited.

These strategies are only survivable if you are too big to fail.

Mickey Mouse and Honda? You incredibly witty and creative.

How have you grown over the last 10 years if you categorize a man as smart who loses his wife and kids over trading? Personally, I would call the man dumb as wood for letting that happen and I would have called him the same thing 10 years ago.

I know absolutely nothing about KOSPI futures. I won't pretend to be a source of knowledge on items unknown to me for anyone else. Focusing on trading would be a welcome change from wading through the sales pitches from those who do not know what they think or say they know.

Sorry. I didn't know I couldn't use ego, KOSPI, pick, and brain in the same post. However, you did allow the OP to use KOSPI, pick, and brain in a way that implied that he had a huge ego. I guess you allow unwarranted huge egos but do not want others pointing out the huge ego. Sort of like allowing nudity but not wanting anyone to talk about it. That is confusing, especially when there is so much busch around. Maybe you guys should post the TL manual of appropriate language so that neither you nor I have to guess at it.

From a mouse or not, you are a bridge buyer.

I guess that your ego wouldn't allow you to simply be honest and tell the guy that there is nothing about the KOSPI in your brain that he could pick.

I mention that area as an point or resistance (if you are short). Sub 1000 is completely possible unless the old crisis rears its head or a new one forms. Gold needs a crisis. I thought gold would have gone back below 1200 by now. The fact that it hasn't tells me that a lot of people are getting long; bottom fishers who are buying into the doomsday scenario. Good news hurts gold. Trade reform with China would kill gold.

Want to buy a bridge?

You talk about banning vendors. Is banning vendors going to bring ZDO back to you or my boy KIWI back to me? I forgo all this talk about Vendors. But I have selfish reasons. TAMS was forced to leave this forum because of all this Predictor business. Alright...now I have to make arrangements to bring him back here safely. But I'm a superstitious man, and if some unlucky accident should befall him, if his post should get censured by a moderator, or if he should hang himself with his belt trying to rub one off in front of his computer, or if his trading computer is struck by a bolt of lightning, then I'm going to blame some of the people in this room. And that, I do not forgive. But that aside, let me say that I swear...on the souls of my grandchildren...that I will not be the one to break the peace that we have made here today.

If I understand you correctly, you are wishing Americans a Happy Thanksgiving. Thanks Mits. I enjoyed a turkey drumstick, candied yams, and a few slices of ironic pie while the masses of people starved as a result of American foreign policy. History is written by the victors.

Its a very natural phenomena. If you see 10 birds sitting on a fence and you throw a stone and hit or kill one, the rest will fly away.

In certain markets, ES for example, it is easier for traders to push the market in one direction or the other during low volume periods, such as the period from the globex open to the New York open in ES. The whole day minus the RTH. With fewer participants, there is less support and less resistance. It is true too, then, that there is less liquidity.

Sure, I knew a trading room operator who did that too. He posted trades that he actually didn't take but suggested he would take because they were trade signals. He took trades based on market profile. I would bet that this is the same guy. If so, then you are being duped. His results: Live Trading Room Performance (in $) Instrument Today 11/25 Current Month Previous Month ES 0.00 412.50 -735.00 Gold 0.00 160.00 2660.00 Euro (6E) 0.00 0.00 250.00 Crude 550.00 710.00 3680.00

Only those peddling inside information can get away with charging 3 and 50; otherwise, it's 2 and 20 like most others.

So, if cl goes up you want to short and if it goes down you want to buy with no target profit on either side. Is there a mean of some sort that you expect price to regress to?

Gold needs some good news to get going. News should push it to 1035-1050

George would be more impressed if you traded with a live account and made less or lost money. Sim money doesn't purchase anything except self love.

Amazing what a few pints can do to an otherwise perfectly cynical guy.

quantitative easing has added very close to nothing to the economy. I expect that tapering will take away close to nothing too.one thing's for certain, the Fed now will use quantitative easing as a new tool for the foreseeable future.

It's going to be fun for the next few years. When tapering starts, all markets will resume more traditional levels of volatility. The vix is at 12.5 with the 52 week high at 22. Amazing! Keep in mind that when tapering happens, it will likely mean the economy is doing well enough that it doesn't need such a high level of stimulus. By that point ( some time next year) retail money will begin to pour in as the market continues to make new highs. The last sucker will buy somewhere around the fall of 2015 or early 2016, then a drop then the squeeze and a 20% correction. 20% from what? Maybe 2400- 2500? Who knows. That will bring us back down to these levels. Patuca and company would be best advised to average up.

The way you do this is you start a position with 2 contracts risking 2 points (if it moves against you, you lose 4 points 2x2). As it moves in your favor you add to the position and add and add and you can end up with 12, 15, 20 contracts, or etc. When your position has grown to 20 contracts and price is 3 points above your average price for the 20 contract position, then if you close it out, you will have grossed 60 points in profit. You really need to know what you are doing to do this. It comes with huge gains and lots of heart aches. To do this you need enough money in your account to meet the minimum margin of your broker for day trading. If you tried to hold a 20 contract position into the overnight with an account size of $25k, your broker would close out the position or close out the contracts that do not meet the min margin for holding overnight. If you are new to trading and can't wait to start trading live, pick a target and a stop and develop the balls to stay in the trade until either the target or stop are hit. If you can accomplish this, you will be miles ahead of most. Good Luck

It was supposed to make you laugh, sad or not. I am not judging how you trade, but if the room is making you miss nice trades, then get rid of the room.

We have already done a version of this. A lot of these traders live near me. We didn't give them $5,000 directly; instead, we gave their firms, collectively, something to the tune of $800,000,000,000. We called it TARP. Each employee of these firms received as much as an average of $2,800,000 each if you include the mailroom clerks. They didn't use the money to trade; in fact, they used it to pay back the high interest portion of their TARP loans so that they can be free to pay themselves bonuses with the rest of the money. These bonuses allowed them to continue to live near me. I think the money has taught them to have a sense of entitlement. I don't think a sense of entitlement is a good trait for a trader to have. Overall, it was a bad idea. Sorry.