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khamore1

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Posts posted by khamore1

  3. Posted · Edited by khamore1

    I can’t wait until they start their own IPO…. I’m sure their market value going to exceed AAPLE Microsoft… and home depot

     

    The only problem is they stole this idea from me…. I guess I have no choice but to sue them…

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  7. Posted

    There will be no strike on Iran as it would be effect the Arab World and US it self - US cant afford Crude Oil at 200 $ a barrel and no other country can. So if Iran is attacked - Iran will block "Abzae Huzmat" The pipe line in Arabian see going to US which will effect all over the world. Its only a threatening statement by Leon Pennata to stop iran from making the Nuclear Weapons. In its recent Statement President of Iran Ahmade Nijad has said there will be good news's soon from the Nuclear side , and Iran seems not scared of Leon Pennata's statement.

     

    The world will be effected a lot if Iran is being attacked as the crises in Arab World are already getting worst day by day and the Arab Rulers will never want an Attack on Iran because if Iran is being attacked it will hit US Marine in UAE and Qatar which Arab don't want to see.

     

    Yes it is possible if Israel will strike Iran, a barrel of oil will shoot up to $200 but only for the next 6 months

     

    Iran with nuclear weapons…the price will shoot up to $500 forever...

  8. Posted · Edited by khamore1

    Managing and Understanding the Nature of Trends

    by StreetCoup 01-09-2012, 09:10 AM

    ________________________________________

    QUATE BY STREETCOUP

    A trend represents the evolution of public sentiment, specifically, the psychology between optimistic market participants (bulls) and its pessimistic counterparts (bears). Moreover, the angle of a trend can determine whether the market’s mood is extremely optimistic or extremely pessimistic.

     

    One thing that is very common of traders is that they consistently take a pounding from the market because they do not understand the underlying forces of trends. If the market is visibly moving down, sellers possess greater authority while buyers are countering against the seller’s strong influence. In the bigger perspective, such upswings are mere counter-moves on the way down. Buying is thus a much more challenging proposition than going with the dominant force. The opposite applies to rising markets in which buyers are in control.

     

    If a market is in a decline and a trader is short, there is no point in covering, buying, and shorting again lower and lower because he will not be accomplishing anything of greater significance. What is the advantage in being exposed to new risk if a market is in an obvious decline already? You should stay short in a downtrend and not be overly concerned about reversals against you. On the contrary, there is no point in buying into every dip in hope for a massive recovery rally. New spikes on the way down are a necessity and a chance for bears to adjust their stops lower, thus reducing their risks or even secure increasingly more profits.

     

    If you think about why markets move up and down: It is because there is an ongoing war between bulls and bears. These two opposing groups behave like armies on a battlefield. The aim of the bulls is to push markets up because they make money if they are successful, but they forfeit money if they are not. Then you have an opposing crowd that is just as intense as bulls in moving markets to the opposite direction. We basically have two enemies with two very different goals.

     

    The bottom line is that all up and down movements are actually the result of a dynamic battle being fought out between these two forces. Significant battle lines are drawn days to weeks before, and have an immense impact on how the market moves the following day. A fight for control is taking place at these lines and are what we call a support or resistance area. As the bulls advance, the bears retreat and regroup at the next resistance. There, more bears enter the market in hope to overwhelm the bulls in a larger number to push the bulls back down toward support. Bulls regroup at support with the goal to push the bears back up towards resistance again. It is a cycle that appears in all markets.

     

    What is being exploited for profit is the dominant trend of the market. We do not make money by predicting support and resistance areas, but by catching turnarounds there. Once a trend is initiated after such a turnaround, it is not going to stop right away, but it will continue for an extended period. The ignition will trigger a chain reaction of orders that will predominantly serve the winning army’s interest. In an uptrend, bullish traders are making more and more money while bearish investors need to cover their shorts and reverse their position which, in turn, gives further boost to the ongoing uptrend.

     

    Obviously, those market participants holding long positions will not easily give up their money-printing machine and stick to this position for as long as possible. Same for the former bearish participants who are finally starting to profit, expect the trend to continue. A trader’s fear that the market would turn against him any moment is usually unjustified. The challenging part is to stick with a position through thick and thin until the position is stopped out for good. Prior to this, a trend follower’s job is easier than you might imagine: wait and sit on your hands.

    __________________________________________________________________________

     

    I have two questions for you

     

    1. What one should do when the market is ranging? (Which is 80% of the time) go hibernate?

     

    2. Can you prove you A.? You trade…B. you make money… (I mean real money. not monopoly money?)

  9. Posted

    do you think a $500 course would teach you anything?

     

     

     

     

     

    ps. not saying a free thread on an annonymous forum would do you any good either

     

    Maybe you should consider inviting Spydertrader or some other knowledgeable trader to give us a webinar on the subject during the weekend

     

    I assume if they took their time to write so many posts they will gladly agree to do so and you will help me and a lot of other traders as well

  11. Posted · Edited by khamore1

    There is a thread on TL called “The price/volume relationship

     

    After reading the first couple of posts I developed a headache continuing to page number 5 I passed out…

     

    I have decided if I want to learn about the subject I might as well pay the $500 fee to a school to teach me about the subject rather than read to the end of page 500…

  12. Posted

    Fire must destroy to live. Water simply is. In a fight between the two who will finally win? Fire kills it's very soul to live another flicker. Water joins and runs and flies in pools, and clouds and rivers. Fire jumps and sparks and spurts in violent consumption. Water falls and swirls and drips in playful waves unending.

     

     

     

     

    Your word of wisdom, sent me flying....

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  15. Posted

    I would like to use market profile for ES trading (S&P 500 Emini). I am confused about an appropriate set up for it. Since the ES is traded almost 24/7, how should I set up my time periods? Should I use each day for a time period or should I use regular trading hours as individual time periods? Which time frames are most useful? :2c:

     

    TL has 73,377 members, I'm sure each one of us is ready to help you to get rid of your money

  16. Posted · Edited by khamore1

    Many people think that Greece will default this year. Do you think the same?

    If yes, what will be the consequences? Will it lead to a stronger euro? or will it lead to collapse of the eurozone?

     

    In my opinion if they don’t come up with a solution BEFORE the closing bell on Friday

    (2-10-2012) they will go bankrupt on the weekend. They intend to trap the market in the current position

  18. Posted

    Hello,

     

    I am located in North Africa and exactly in Algeria, would like to know if there are members from my country or any other Arabic countries ) :)

    I have got a long enough experience with Forex and would like to give and take from the forum members.

     

    thank )

     

    Would you accept none Arab as a trading friend? I’m from Israel… we could make Piss together…LOl

  22. Posted · Edited by khamore1

    RGUDGEON

    "Is it better to sit back and do nothing when the market is like this or should I just look for setups and work them regardless of having no direction from the market"?

     

    To.Mitubishi, and Tams

     

    My answer: “when in doubt get out” was to the above question and intended to rgugeon I think it is the best course of action for him

     

    Rgugeon even answered his own question “at least I did not lose any money”

     

    And here is another quote for you Mitsubishi. “A trader become a real professional when he/she does not feel bad if they missed a trade” The biggest edge any trader has is: they don‘t HAVE to trade all the time

  24. Posted · Edited by khamore1

    It seems that the market is reacting to different time frames at different times. It seems like sometimes the price is following signals from a shorter time frame, and sometimes it's following signals from a longer time frame. I'm going to be testing something new about how to determine which time frame to take the signal from. I'm looking for Uptick/Downtick consolidation on a 3 minute chart, and then looking at how long that consolidation lasts. If the consolidation lasts 5 minutes, then I'm going to take signals from a 5 minute chart. If the consolidation lasts 15 minutes, then I'm going to take signals from a 15 minute chart. I'm defining consolidation as BOTH lower uptick highs AND higher downtick lows. So both the upticks and the downticks are getting less and less, There is not much action, things are slow. Depending upon how long this decrease in activity lasts, that will determine what time frame chart I decide to use.

     

    I'd like to know what people think of this idea.

     

     

    I will tell you how Jim Dalton see longer time frame, he looks at monthly, sometimes at weekly chart. But longer time frame ALWAYS dominate the market when they are in it

     

    Longer time frame does not know or care about mechanical signals, like pivot points, stochastic, single prints etc… their only care is significance level .

     

    The only time the shorter timeframe dominate is when the market is ranging luck of direction and confidence (I'm selling you what I learned from Jim)

  25. Posted

    Hi khamore1

    Your idea has some merit. You just need to place the BUY and SELL buttons in right place

    Heres an idea

    Select a chart with about 5 days data.

    Draw a horizantal line at the LOW and at the HIGH

    Thats the 5 day range.

    Now divide that range into 4 horizontal sectors.

    You use the BUY button in the bottom sector

    You use the Sell button in the top sector

    When the price in in the middle sectors you water the potplants.

    If the price stays in the middle you cant trade, and this could last awhile.

    And maybe thats why 95% of traders loose. Trading in the middle

    But you are not part of the 95% losers AND your potplant flourish.

    regards

    bobc

     

     

     

     

     

     

     

     

    Bob, I want to thank you for your advice and I need further assistance from you,

     

    your strategy works only in a ranging market but not in a trending market, since 80% of the time the market is ranging your strategy will work within that percentage, but how you handle the trending market, the other 20%?

     

    I used your strategy for a while and I was making a $1000 a day before even taking a lunch, the problem is I was losing $10,000-$15,000 a day when the market was trending

     

    Here I need your advice, how you know it’s going to be a trending day to switch this strategy?

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