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tradingwizzard

Market Wizard
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Posts posted by tradingwizzard

  1. Posted

    Hi Wiz,

     

    You weren't meant to remove the image with the descriptions, just the broker hyperlink underneath!

     

    Without the image, the thread now has absolutely no point of reference; it is a signpost to nowhere, like something from Baudrillard's worst nightmares . . .

     

    Please can you restore the image? If I don't have the chart from the opening post how will I know whether to define myself as a Bull or a Shark or a Squirrel or a Smurf, or whatever those helpful classifications were?

     

    Or . . . why not just remove this whole pointless, meaningless, rambling thread?

     

    BlueHorseshoe

     

     

    I think u andwered your own question there

     

    TW

  2. Posted

    No.

     

    Daytrader = anyone who holds positions for less than a day.

     

    Scalper = trading to profit from the spread (difference between bid and ask, often a single tick in liquid markets).

     

    BlueHorseshoe

     

    I guess it's more of a nuance......depends on your time horizon.....or maybe I am a scalper on the monthly chart :cool:

     

    TW

  3. Posted

    What you should be not allowing is the "gomarkets" forex broker hyperlink in the text of the original post . . . surely?

     

    BlueHorseshoe

     

    thank you, I missed that

     

    solved

     

    TW

  4. Posted

    Even if the low inflation prints in the Eurozone and UK arent low enough to exactly inspire action from their respective central banks, there will still be similar money flows to those current coming out of Japan. As the USA starts to look better, and rates rise across the curve rise globally as we saw over the summer... US rates will rise faster than UK and Eurozone rates, becuase UK and Eurozone rates will remain anchored by the very low inflation.

     

    Money will go to where the rates are the highest for the lowest risk... USD.

     

    I'm looking at the next week with RBA, ECB and BOE coming with interest rate decisions and the ECB seems to be the one that should point towards more easing (not rate cut, but dovish language at least).........watch out for LTRO's or negative rates discussions.......reason for that is loans to corporations to minimum in last 3-4 years...means tough business environment and points towards slow growth, if any......

     

    does this mean eurusd will head down on the long run? not really.........but curious about how the ECB will act next week.

     

    TW

  6. Posted

    Maybe in that sad excuse for a quiz you're a shark.In my quiz you're a .

     

    another way of killing a thread/discussion

     

    I will not allow this kind of replies anymore, no offence to any of participants.....maybe someone is really interested for a real answer instead of this nonsense

     

    TW

  9. Posted

    I imagine that most of us who have turned the corner of profitability work from home.

    Having done so for about 8 years or so I can't imagine ever going back. A seminar or 2 a year, having to make a trip to the bank, are about the extent of my having to leave the house for work.

     

    I no longer have to hesitate a second when making personal apps during biz hours. As long as it's not on NFP, I'am good to go.

     

    How about you? Do you enjoy working from home ? Or do you find yourself doing more work in and around the house, and less and less trading. Are there other drawbacks we are not aware of. Chime in and let us know.

     

    be careful what you wish for.....there is a saying.......everyone is imagining working from home is the easiest way possible.........well, it is, in a way.....however, it brings with it more responsibility, long working hours (you have to prove yourself right?) and if anyone thinks success will just knock on the door on the first day than he/she must be a dreamer and nothing else

     

    TW

  11. Posted

    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.

     

    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 anymore

     

    TW

  12. Posted

    Thanks for your comments. I am curious his method in Livermore book. He was trading on trend with trend confirmed way.(besides, there are more widsoms in his mindset part) If everything is rely on "cut the lost quickly, let the profit run" . Automatic trading should be good enough to make a significant profit based on his justification. Am I right? For me, thinking there is a fix way to beat the market, it just seems to look like a "non-ineractive" mindset, but I maybe wrong. The book provides me a lot to think about the secret behind the windows.(maybe) I hope that I could know more in the future. Indeed, I am thinking why he was failed in his "The Million Dollar Blunder". Cheers.

     

    again, if anything, the book is about trading psychology......that Anaconda example is the best one I can think of right now

     

    TW

  18. Posted

    Yes,i agree,let's hear it....

     

     

    "yes, but.......

     

    and after the but it depends on how you continue......."

     

    Please continue...

     

    ok mits, it is clear you are not interested in a serious discussion on the theme of the thread so let's leave it like this

     

    TW

  19. Posted

    ...or,in your case,if you continue...

     

    I was thinking more along the lines of......

    no,but.....

    and after the but it depends on whether I can be bothered to explain myself...........:sleep:

     

    Will the last person to leave this thread please turn the lights out?...thanks in advance

     

    ok ok, fair enough

     

    let's hear the explanation

     

    TW

  20. Posted

    You've been reading too much zdo recently.Still,i agree your explanations are mostly complications hence explications is about right.:)

     

    Now would you agree that a 5 min chart is an edge in itself when compared to a daily chart?

     

    answer to the 5 min chart question:

     

    yes, but.......

     

    and after the but it depends on how you continue.......:)

     

    TW

  21. Posted

    any bear still in the house?..........crap, they will not taper........markets will not be positioned in such a manner with a tapering to come anytime soon (at leas 1 year horizon in my opinion).......Philly Fed employment component was a disaster the other day.........just saying

     

    TW

  23. Posted

    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.

     

    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

  24. Posted

    I am generally bearish by nature.....I just choose to wait for the opportune time to sell rather than fighting the trend.

     

    disclaimer: no one forced me to write this, I dont care about 10k, 100k or 1mil in the dow, I am just a cynical middle aged man but have always been so even when younger, I agree this is not a contest, my computers will soon be back on line after renovations gone astray, I have zero respect for builders even though my brothers are in the building game, even less respect for accountants, after time off from trading I am less interested in day trading and more interested in bigger picture themes. No animals were hurt in this renovation unless you include children (hey - you gotta applaud their small hands are good for somethings) and my bank account.

     

    I think that we're about to whitness a major squeeze to the upside....people don't seem to realize what this pattern (double three running) means

     

    TW

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