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MightyMouse
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Posts posted by MightyMouse
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excellent job vultures (Mickey Mouse and Honda there)......when somebody actually talks about trading with you the best you can do is talk crap.....really impressed here :thumbs down:
for the future spare us please, it is not mandatory to post, said that again in the past and said it again now, maybe you will eventually get it
TW
Mickey Mouse and Honda? You incredibly witty and creative.
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Maybe we just have different outlooks on trading. I was always in it for the money- nothing else. I am not here to be anyone’s friend, or their enemy. I am here to earn dollars. But remember I did offer you great free advice when suggesting you need to look at order flow and much can be learned by putting in significant screen time. My advice wasn’t going to make or lose me money this week, and perhaps one day another reader will realise that these words were actually really honest and helpful because I have been where 95% of retail traders have been. I studied fundamental and technical analysis, I wrote algorithms, I paid higher commissions and I used bad brokers. I won money, lost money, lost sleep and even girlfriends because of how much time I gave to both the markets and just earning money in general.Maybe I do have an ego, some people have said that. But over the last ten years I have grown as a person because I was willing to accept that I didn’t know everything and to seek out good advice. I worked unbelievably hard in my career and on the screens and through dedication grew my income many times over.
I have seen really dedicated men with no education make a lot of money, and I have seen really smart men lose a lot of money and lose their wife and kids. There is no sure fire formula. All I know is that if you put in a lot of work, have proper risk management, forget your ego and stay hungry to learn than you can earn an almost stable 10-15% a month on a futures account. I just hope that if you really want to be a trader (or just be successful in any part of your life) that you find success, and all the benefits that come from hard work and dedication.
All the best as this is my last post.
OFM
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.
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I have only put up a couple of messages on this forum and already I have run in to some pretty "strong" personalities. I assumed that this was a forum of traders who wanted to talk about trading. I am sure with your 2000 odd posts you would know something note-worthy concerning the intra-day analysis of Kospi futures? If not, then why wouldn't you just have enough tact to ignore the message if you thought it sounded conceited?I think ego is a matter of perspective. A lot of people will just read my post and answer it as they may have been in a similar situation themselves and think the concepts are pretty standard. One of the most crucial thing for success for any activity is to ask questions and learn from people who have done it before.
Anyway, can we please focus on trading!
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.
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watch the language please gentlemen.....let's try to behave hereTW
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.
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... I don't buy bridges from mice either...From a mouse or not, you are a bridge buyer.
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Hello all,Could someone let me know if the KOSPI has any advantages over say trading the ZN (US treasuries), ES or other popular contracts? (indexes, currencies, financials)
Even in the Asian session what are the advantages/ drawbacks over trading the ASX200 index future (SPI)?
I have traded intra-day for a long time but never on the KOSPI. I had a person contact me in order to pick my brain about order flow/ volume analysis intra-day and I wanted to make sure I didnt put him in the wrong direction due to the different characteristics of this market.
You can be as general or as technical as you want. (Footprint, price action, volume, order flow, DOM, market/ volume profile, TPO, cumulative delta, liquidity data bank analysis) I know all of the theory.
Thanks.
OFM
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.
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That high?I was thinking 950 or there abouts.
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.
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Listen you smartass,buckweeds is what you are.
Don't ASSume a goddamn thing ok?
Been here 2 days and you think we're buddies now or what? Huh?
You really think I would trust a weasel like you just cos you're acting like a normal human being?
So we're gonna be friends now?.... what's my role in that? Helping you to glue together all the pieces of your broken integrity along with the shards of your shattered ego,hopin' nobody will be able to see the join lines?
:hmmmm:......nah,i don't believe i will.
:rofl:
:haha:
I never seen so many jaws on the floor here...
Had you going didn't I ? You thought mits had finally blown a fuse and lost the plot did you not?
I bet Wiz was seething with contempt for me.I bet that was looking like the last straw for some of you guys right?
Sorry,just couldn't resist it......
:shocked:
Wait a minute,hold on a doggone...
You all let me do myself up like a kipper.You let me tear this poor boy apart when all the while you were all being so damn polite and reasonable.... even wiz must've been in on it..that's why he hung back letting me...,you utter bastards....
...You even gave me clues,...you sly old dogs...It was never Roger...it was SIUYA all along pretending to be megastooge ....yeah,Mega was just a patsy,the fall guy...it was me that was the the real target,the hit.shot from both sides,caught in the crassfire....gee,i always hoped it couldn't end like this,but I just knew it would
:doh: I must be gettin' old..If I can't see all the angles waay ahead of time i'm in trouble man,i'm in trouble.
Listen, just 'cos it's thanksgiving,don't be expecting these mitspecials all the time.As you know,usually I keep myself to myself never sayin' much 'bout nothing.
Now,one day when you find your niche, uncle MightyMouse will tell you all about Roger the Dodger and how he and another clown nearly drove the final nail in the coffin here,and how we're still dealing (or not) with the ripples...
2700 was a fantasy number I pulled out of the air.I guess I was inspired by something...
A bit like saying there are 57,00 reasons why I hate wedgies or-,i told you a thousand tmes,dont exaggerate....It was part of the detox programme designed to extricate your head from the small,tight and dark tunnel it was located in.
And we question what trading forums are good for?...
I was under a huge cognitive dissonance, and it seems I am still a bit susceptible (pie in the sky dreams from my first post)
Rare honesty..".dreams can come true.you know you gotta have them,you know you gotta be strong..." But I don't recall any mention of pie in that song..
.."you know you gotta have them,you know you gotta have pie"...nah,doesn't work.
Now,i see you added an 8th reason you "forgot"
Listen bud,don't go trying that one-upmanship game on me......ok?
You got 8?
Then I got 13
You got 13?
Then I got 21...
Don't go assuming that 50% is a fib ratio just cos you read it in an article here (for the 2700th time)
Is that Hoffman you're talking about.?
As for Denninger..you only need to read his blog once. Rants,like anything else are good or bad or boring,his are boring.If you know you can't change a damn thing by ranting,at least try to be entertaining.
Don't go mistaking this place for most other places
You wanted the best,you got the best
Please welcome to the stage..
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.
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When did it change?I thought it was like that from day one.Start as you mean to go on..America did. First you gotta admit that in a country the size of the US there is clearly not enough room for the white man to live in peace with the red man
What you gonna do with that limited amount of acreage?.Clearly you need to herd these people into reservations..well,they were scalping your women folk and raping them weren't they?
Probably it was because they hated your freedoms.But actually it was because you were massacring them.My history isn't too good..was it because they were sitting on fields of gold or you just needed the beef?...whatever..there's always a handy reason available as far as America is concerned.
That's one problem sorted.What's next? Gotta keep the wheels of tyranny turning,can't have them grinding to a halt,or even slowing down'cos it's bad for business.
Negroes next.
In fact,if you ain't got white skin either you or your ancestors have been interfered with in an unpleasant and,often permanent way either by Americans or the mother country they spawned from.Hence "special relationship"
Though these days that special relationship status can be rescinded if you're no longer prepared to kill brown people..or you can't afford to anymore.In that case,as it turns out,according to Kerry,you never were in a special relationship with the US.No France,apparently have always been their special partners.......
I dunno,maybe I missed a huge chunk of history.Maybe Goerge Bush had other ideas on the French when it was all the other way round after 911.
Maybe the new paradigm is whoever currently is in power gets to invent and rewrite history even faster than in the past..I guess they got that idea from Orwell's 1984.
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.
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there was a famous EA (expert advisor) for the currency markets some time ago that was doing exactly what you are saying there and was a huge success....until markets changed......so things like that, like in correlations actually, are being true until they don't anymoreTW
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.
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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.
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No, the room is real and that's why I will never tell anybody about it's name. Its counterproductive to the rooms owner versus mine. I want the best liquidity to myself, so I limit word of mouth to his room, never telling anybody the name of the room. He ofcourse wants as many subscribers as possible. I just felt like posting this because then I can let people know honest rooms do exist (well I found one only after many scams).How do I know he is honest. After every day he compiles the trades and puts them in a spreadsheet that is accessible the day after in the morning. The trades match exactly, except for slippage. And I followed this guy for a year and the profit is 50%. The track record is consistent with my observations.
As I understand there are virtually no rooms that give signals that have exact matching track records. Here it works because it's not a scalpers service at least, plus its gets updated after every day, even the losses. No hiding losers.
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 $)
Instrument
Today 11/25 Current Month Previous Month
ES 0.00 412.50 -735.00
Gold 0.00 160.00 2660.00
Euro (6E) 0.00 0.00 250.00
Crude 550.00 710.00 3680.00
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Call me in three years with an audited track record - then fee free to charge 3 and 50.Only those peddling inside information can get away with charging 3 and 50; otherwise, it's 2 and 20 like most others.
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$CL_F Here are today's signals. Valid for overnight/tomorrow: SELL 94.78, stop 95.41, t/p open; BUY 93.52, stop 92.89, t/p open.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?
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Gold needs some good news to get going. News should push it to 1035-1050
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Previous week 6 trades 20 pipslast week 13 trades , 141 pips , 4 losses
The cumulative result for last 10 weeks is 819 pips , average 82 pips profits per week .
total trades 66
17 losses
47 wins
2 breakeven
12.4 pips per trade profit
Maximum drawdown 70 pips
Even George Sorros would be proud of this , let alone the frauds who hang around forums.
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.
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Ah,so Goldman is buying Gold are they?It's good to see they are proving their commitment to their newly declared policy of being transparent and refraining from selling overly complicated products which they view as toxic crud to as many mugs as they can.
Also nice to see that they intend to focus more on traditional investment banking with their newly announced plans to invest in small businesses since our own banks still haven't got that memo.
However they will only do that on the proviso that they are not burdened with too much regulation...or they will leave their London base.Gee,thanks for the offer couched in the thinly veiled threat.I can't tell you how grateful the UK is for having the worlds sleaziest banksters tell us how to regulate our own City.Can't tell you how grateful we are to have an American running the Bank of England.
Oh,and news from our "special relationship partners" America. Don't leave the EU.
Don't worry,we'll never be given the opportunity to vote on that because they know we'd vote to leave.As long as we continue under the "leadership" of one of the weakest prime ministers in history we won't be going anywhere.
Now,are there anymore people over here you need to spy on? Are there any more teenage mentally sick hackers you need to extradite and stick in Guantanamo so you can show the rest of the world what a beacon of light re freedom and democracy you are?Are there any more countries who you think shouldn't have nukes in case they attempt to challenge your record for actually dropping them on people? Are there anymore terrorists you need to arm who will turn out to be future enemies the rest of us have to deal with? Are there anymore presidents you need to assassinate if they get in the way of the military/industrial complex plans ?Are there any more small countries sitting on fields of oil you need to invade in order to "liberate" the people and inflict your version of democracy on?
Are there anymore posts in Gov left that haven't been filled with crony capitalists working on Wall St.? Are there any more useful idiots left that you can promote to the highest echelons so they can better serve vested interests while shafting your own population?
Are there any more psychopaths you haven' yet employed to squander billions and bankrupt the world?
Amazing what a few pints can do to an otherwise perfectly cynical guy.
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I don't know about tapering.....Yellen is coming and she was pretty clear that the economy needs MORE stimulus, not tapering.....any time soon would not be the case......plus....maybe they will taper, but what if after tapering let's say 20 bln the economic releases are coming on the negative side again?.....well, stimulus back on the table.....just saying....
TW
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.
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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.
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MightyMouse, can you elaborate on this comment? I'm a newbie. I'm not sure I understand what you mean.If you have $25k, and you trade 2 contracts, how do you end up with 20 contracts, and how do you risk only 4 points for a 60 point gain?
Sounds great, but I'm just confused on how you would accomplish this.
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
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And they call you a market wizard in here? Makes me laugh if it wasn't so sadIt 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.
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How would it would it work if we (USA) were to set up a training program that would teach people to trade? Given the jobs programs that are available and the costs. Give them 5K... let em go (after training). Would folks make the most of it? What would be the percentage that would make it after a year? (their losses (or profits) getting eaten by you and me) Odd question... I know. Could anyone be able to receive training that would allow them to scalp for small profits... supplement their income... nothing else... or something much more? No going large...Really odd question...
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.
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Although I like very much the job of hosting a live trading room, I have to admit that it has changed my work methodology a bit. Maybe because of the fact that I feel a broad sense of responsibility towards the participants, it seems like I've become extra cautious because of this. I'm looking more than usual for the perfect set up, one which wouldn't be too risky or wouldn't go too much against my position before getting in the right direction. Knowing that people are following your trades to the tick causes a different feeling than when I only had myself to bother with. When I made mistakes in the past in terms of bad execution or anything else, nobody but me would know about it. Now, each and every facet of my trading is under the spotlight. It adds another dimension to trading and I guess it will take a little getting used to on my part before I feel completely at ease with this new aspect of my work.A similar type of performance anxiety has been known to lead to erectile dysfunction. Be careful to not let this anxiety spread to other parts of your life.
Is There a Strategy Wins 90%
in Swing Trading and Position Trading
Posted
These strategies are only survivable if you are too big to fail.