Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
ZOSO
-
Content Count
108 -
Joined
-
Last visited
Posts posted by ZOSO
-
-
You guys are all great. I appreciate the voices of reason and positivity and somehow feel we will survive the tragic loss of UB.Tragic indeed.
How do you know he won't be back? Has he been banned?
-
-
I've been AWOL from TL for quite some time and impressed the the new look and feel of the site. Best wishes and good luck to the new management.
Unfortunately, I see little has changed with respect to UrmaBlume. He is still prancing around here like an entitled peacock while complaining ad museum. Do any of you believe that successful hedge fund managers with cutting edge trading technology (as he purports to be) spend their days and nights posting as fervently as he does on this and a handful of other forums in such a self-promotional fashion? Of course not.
He has now slithered his way to Big Mike's place, where his posts were filled with over-sized pics of the workstations he markets to real hedge funds and prop shops and one year old charts depicting those ever so accurate indicators. Claiming the atmosphere at TL was getting a bit "oppressive," he moved to new territory, not unlike a malignancy that spreads from one organ to another leaving destruction in its wake.
It didn't take long before he was exposed as a vendor and now has to wear that Scarlet Letter under his handle with the URL of his Internet storefront as required by BMT's rules.
I respectively suggest TL management to consider implementing the same procedure. I surmise if all the trading forums that he trolls did this, he be a bit more respectful and a whole lot less of a lightening rod
-
Hello everyone,I'm a beginning trader. I've spent the last year studying trading and I would love to have some practical experience before I begin to trade.
Are there any experienced trader(s) in the Atlanta metro area willing to show me the ropes?
Thank you.
What is your budget for this mentoring?
-
Alright girls, can you please stop arguing about stupid shit and focus on the topic of the thread. It started out so well, but the signal-to-noise ratio went down significantly with the past posts.Are you a misogynist?
-
He is world class, snake oil selling whore. Not unlike the vast majority of vendors.
-
Really? You're going to compare the observation of support and resistance to religion? You can take someone who never traded, tell them to draw a line across a chart, and even they could come up with "hey... it seems like the zig zags occur frequently at that line." In the early days, traders knew nothing but price. You could hear guys phoning into the floor, "give me another 1000 if it hits 82." Eventually it could hit 82, he'll buy up 1000 shares, other guys will notice it in the tick and follow suit. Then you'll get your 82 support. My point is that this all occurred before a graphical representation, thus for you to say that it is some sort of mystical belief is just ridiculous.Oh... and I don't have issues with indicators... I just don't use them. (Referring to your PA Cult remark)
Now, now, I never said it was a mystical belief. Perhaps I should qualify and say ORGANIZED religion.
But we are not talking about the good ole days of guys hollering on the phone here. We are talking about electronic trading where the chart is KING OF THE ROAD and the vehicle for the decisions traders make.
Both the indicator and PA guys both suffer from the same groupthink.
-
I like indicators. I think they get a Bad Rap by the PA cult.
Strangely enough, people are opening their wallets for this type of stuff too. LOL
-
Really? Let's see examples showing this w/in 60 seconds of occurring on multiple markets please. Thanks.Guess you got it all figured out.
Join me over in the p/l thread and let's see how smart you are. B/c if it's as easy as you are trying to imply, you should be rather wealthy from this extraordinary knowledge...
Good one bf.
Where is Urmablume when we really need him?:rofl:
-
As easy as ABC.
Maybe I should consider becoming an educational trading vendor. People are opening their wallets for stuff like this.
-
I didn't realize that the OP asked for a definition and whether you believed in support and resistance. I thought he asked why support became resistance and vice versa.
It happens because he and others believe it to be so. I know it sounds circular, and it is.
Like faith based religions, that belief is the basis for many to explain why they trade at those alleged levels. The theory (faith) justifies the action.
-
Are you a CTA? If so, what is your NFA number?
-
In my opinion, which is not going to be very popular here, support and resistance are convenient ways to describe price movements by traders who need the comfort of an explanation for the logic behind their decisions to buy or sell.
Not much different than stereotyping the behavior of certain classes or races of people when they engage in certain behaviors.
-
No false assumptions at all....they show various set ups perfectly and FULLY WITHIN all NFA/CFTC current guidlines.I love when a vendor tries to explain why they never show real trades.
There is absolutely NOTHING in the CFTC/NFA regs that prevents anyone from showing live trades in a real, not sim, account. But, of course, you know that.
Good luck with your sim trading.
P.S. I think you should step up your sim size to 100 contracts. Be a heavy hitter. :haha:
-
.BTW, there are MANY who know me personally in the trading community that will refute your false assumptions.I suppose your videos are also false assumptions.
10 contracts in SIM.
Carry on Mr. Vendor.
-
I show how to track zones of resting inventory and what trade set ups are the most optimal as price trades between the zones of resting inventory.....it is still up to the individual trader to create their own success. I am not giving away anything that will ever take away from my opportunities in the market each day.....too many futures instruments and too much liquidity available.The charts I put up show how important it can be to track zones of resting inventory and also how to track accumulation in the market during key events....not giving anything away that is not already tracked by much bigger groups in the market.
Another legendary paper trading vendor.
-
I had the same suspect when I first read his posts.He has subsequently explained what he was looking for in a few posts here on TL.
I don't have the links,
but they are there.
You can search his posts for detail,
in short, I can tell you this,
he said he is not looking to sell anybody anything.
Of course UB is here to help other traders think out of the box and give them hope they, too, can create those indicators which hold the keys to trading heaven. :haha:
The truth is the people here are not qualified customers for his services, so I agree he is not selling to this audience. Stealth marketing for free on venues such as trading forums with help his company either secure or attract business, however. That's why ET gave him the boot--they realized his clever intentions.
-
Aug. 5 (Bloomberg) -- Goldman Sachs Group Inc. made more than $100 million in trading revenue on a record 46 separate days during the second quarter, breaking the previous high of 34 set in the prior three months.Trading losses occurred on two days during the months of April, May and June, compared with eight days in the first quarter, the New York-based bank said today in a filing with the U.S. Securities and Exchange Commission...Trading and principal investments accounted for 78 percent of the bank’s revenue in the second quarter of 2009.Goldman Sachs $100 Million Trading Days Reach Record (Update3) - Bloomberg.com
My thinking is those profits were not made by speculating, that is, betting on one side like black or red in roulette. Of course, it's unlikely we'll ever know for sure.
-
UB, you have provided myself and others with food for thought re trade intensity, commercial traders, etc., but i have to admit your motive is suspect.you have posted, verbatim, some of the same stuff on multiple forum sites. for instance, ET, T2W, Nuclear Phynance, finance visor and TL. what are you looking for? you say you are not selling anything. are you trying to build an audience for your upcoming book?
i enjoy your posts, but just trying to figure out your motive. it is a bit unusual for someone to "carpet bomb" all the trading forums with the same thing.
Two motives. Ego gratification (I'm smarter than you) and stealth marketing for TradePointTechnologies.
Search Google if you care to find other sites where he is apparently allowed to post links to his company.
-
I am curious as to where you get your premium arbitrage numbers. I would argue that arbitrage has taken a backseat to speculation. Just look at the trading profits banks have recorded over the last year, they are ridiculous. In addition, all these banks have an explicit backing from the US government (aka Too Big Too Fail), which means that they can take as much risk as they want because the Fed/Gov is always going to bail them out. Furthermore, we’re witnessing a stock bubble courteous of the enormous amounts of cash the Fed has pumped into the market via POMOs, agency debt purchases, etc. I could be totally wrong on the lack of arbitrage taking place, but I just don’t see it. Please post your premium arb. source, I would love to see this data
The volume of trades conducted on electronic exchanges and away from the NYSE floor is now at 36% of total according to the NY Times. Most of this is dark pool and other end run activity.
I seriously doubt, however, GS' massive profits are generated from speculative equity trading to any meaningful extent. They don't need to do that to make huge profits, in a world where their competetion is dwindling.
And the theory of speculative Commercial (as oppossed to retail) activity has not proven to exist except in the minds of traders who continuosly ponder, and search for, what the so-called smart money (often referred to as the mysterious "they") is doing in the index futures markets.
-
FYI, UB has been banned from ET. Just goes to show you there are times when ET should be taken seriously.
Perhaps I missed the posts showing the profits UB generates from all this information he cuts-n-pastes at TL. Please, anyone, post those links.
-
An utter waste of your time.
Better to donate the $600 to charity.
MomLitBar and other sleight of hand tricks.
-
Tooker used MarketDelta, specifically the volume breakdown indicator to mimick the programming.That's interesting. If it consistently functions in the same fashion as Urma's, that's good enough for me. I could care less about the guts of this thing or how its created. I'm a trader, not a programmer.
After all, it's just one additional tool to get more edge.
-
This particular version was indeed written in Easy Language for Trade Station. We have our own dlls that allow us to use Trade Station data with much greater time granularity than is normally allowed.At the very top of today's market higher prices attracted very strong, coordinated commercial selling in all three US traded equity futures. This charts shows all three futures and the spikes that drove all three futures to new session lows and formed a reversal day down on higher than normal volume.
Urma, daedalus' question was, I believe, directed to Tooker, not you.
What's Happened to Our Site?
in General Trading
Posted
Hard to believe James sold the place because of family commitments. In the sale description he wrote:
"TradersLaboratory.com is a one man operation that requires less than 30minutes a day to operate. It is an ideal web business for those looking to enhance their current incomes, work from home, or retire from their current 9-5 day job."
He doesn't have 30 minutes a day of spare time to earn $7500 pre-tax income a month?
I wonder what TL sold for?