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littlefish

Members
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    33
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Personal Information

  • First Name
    TradersLaboratory.com
  • Last Name
    Useru
  • City
    United States
  • Country
    United States
  • Gender
    Male
  • Occupation
    wannabe
  • Biography
    Where's all the con men in 2023?
  • Interests
    Wheres all the con men in 2023?

Trading Information

  • Vendor
    No
  • Favorite Markets
    an auction is an auction
  • Trading Years
    15
  1. Well I did and gradually lost nearly every cent of it over the course of a year or two. You have to understand that most of the advice givers on this board and others are most likely hired by brokers to spread foolish advice that they know doesn't amount to s***. Either that or they are paid to pull the trigger on someone elses money and lose it for a living. Their money is made on commissions. They want you to start big so they have more commissions to make before you blow out (start with a 10/20k account or you'll never make it, etc). My advice is to take every cent you have in a futures account (if you've not gotten pissed one day and blown it all in a few minutes). Put it in a jar somewhere. Take $25 and put it in an oanda account. Toy with something like EURUSD. Spread is nice and low. You'll see the same patterns of randomness to learn from. If you can't turn $25 into $2500 there. You certainly won't turn 25,000 into 2,500,000 in a futures account. Why blow it trying? I've multiplied balances as much as 1000% (some individual trades as much as 40% in one shot using low 50:1 margin) many times over the past years only to blow them out. These are small fx accounts but why would it matter? Just add 0's. I've found perfect setups that work with supernatural accuracy for about a week or two and then become as useless as flipping a coin just long enough to destroy what they produced. Some of which have very sound reasoning behind them too. Anyway, that's my advice and my story. The only reason I'm giving it to you is because you remind me of myself a few years ago.
  2. Yea my point exactly. Thanks for the example.
  3. Have you ever thought to question motive. Since trading is a psychological game. All of the sources that you find while researching. What is their motive for publishing what you read/hear? If a man could sit quietly in his own home, pulling the trigger on a trade, making more than most make in a month/year a day. He'd be a fool to waste his time publishing books, webinars, trading groups, etc, teaching others to do it. Wouldn't he? That's just plain common sense. You're certainly no better off as a result of the influence of those 'educational' sources now are you? I would venture to say that if you are as I am, you'd be far better off at this point if they didn't even exist. Why quit because all the teachers are deluded? Just because they are blind leaders of the blind. That doesn't mean that a man cannot eventually see what they cannot.
  4. Thales, it's your thread. I just didn't want folks to see my previous posting too useless, that's all.
  5. Just took it at 92.30, so it might as well tank now.
  6. Yes any analysis where the pitch man proclaims that an instrument is 'bought up' or 'sold down'. Or somehow manipulated by 'larger players'. How can something be manipulated with buying power when at every single last traded price there was an equal seller selling to them? To pretty much spark thought concerning the sale of scare tactics which can lead many to fear something that doesn't even exist to begin with.
  7. Based on my tape, would it be wrong to say then that there was more weight on the bid than the ask (nobody wanted to do business at 10.25 only at 9.75)? And that's what started the move. Is this possible? The simple question that I am trying to establish an answer for, in apparently a very complex way is. Do large positions after having been established actually have market manipulating power and if so, what is the supporting evidence? Or is the playing field level, no matter the size?
  8. So let me fabricate a market price (tape) based on the picture that is in my head in order to attempt to clarify what I was asking and you explain to me what exactly you mean with your reply in relation to this. Market opens now for first ever time valued at 10. >>> 10.00;1000 One whale feels lucky and buys 1000 and another sells 1000 to him. Both enter a zero sum agreement. One betting the other is wrong at $10.00. Could also be one whale buying from a thousand little fish at 10.00 or a thousand little fish selling to/buying from** one whale too. Since an equal amount is exchanged between the two parties the market is now neutral and somebody has to agree to do something at either 10.25 or 9.75 to make it move, correct or incorrect? Since the gain and loss is exchanged (traded) between the two equal parties, how will it have any affect on 'holding' price anywhere, now that the position is established? Price is established now. How can it affect future price if it's a hedge between the parties who traded at 10.00 and that's it? >>> 9.75;1 two little fish agree to buy and sell 1 at 9.75 putting one whale in the red and the other in the green. >>> 9.50;1 history repeats and the previous little fish who bought from the other gives/loses .25 to the little fish who sold to him at 9.75. >>> 9.25;1 history repeats >>> Now nobody wants to trade above 9.25 for some reason and now the whale who sold to the other whale has scooped three ticks from his account courtesy of the three mini agreements between the little fish below them. Is there anything impossible about this picture I have just painted?
  9. USDCAD has something on it's mind. Doesn't it look like a mirror of the USDJPY?
  10. Looks like USDJPY might be figuring out which way it wants to head.
  11. yea and to think i had a baby short from 4320 and scalped for 10 ticks and a baby short on eurjpy from 33.12 and took it at 32.95. oh well, hind sight paints perty pictures.
  12. Looks like USDJPY is trying to do the same thing as those big charts Thales posted while ago.
  13. Well based on the thimble full that I think I have figured out at this point. I'll take a stab at it. Since it's moving higher, my idea is that it will have to at some point come back to a point here it previously initiated a move higher to decide if it wants to continue or reverse. But what do I know?
  14. That's a very fine example of what I was questioning to begin with. Since it was you and only you who traded the tick above the high, even if you had traded one contract, you and the one who sold to you established the breakout. No matter how big the existing short positions were under you. My argument if any is that it may be (or it is from my line of sight) a serious error to think that just because big volume has hit the market that it somehow 'holds' it up or down. My argument is that if each price change consists of an equal buyer and a seller, no matter the size, it becomes a neutral point creating no bias in either direction. That it is such a level playing field that a small player even at one contract can set into motion a change in the entire market no matter the size of the positions above or below it. :missy:
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