Jump to content

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.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

You know, eventually someone is going to have to let us in on what happened in that cab...:cinema:

 

Off topic warning:

 

Last years Expo, 2nd day in town, a few of us are making our way back to the hotel after a fun day of festivities (now by this time in the evening I am feeling no pain - if you catch my drift... :))

 

So we hail a cab, hop in, and tell the guy where to (~6-7 blocks away)... Now by his response, you would've thought this guy arrived in NYC one day later than me... Now I happened to be in the passengers seat and well - lets put it this way - I was somewhat dissatisfied with his keen sense of communication, direction, and efficiency of his intended route. But amazingly, after our brief chat, he somehow quickly came to his senses and found a very direct route to deliver us to our destination.

 

lol. Good times!

Share this post


Link to post
Share on other sites
My take on 8/10-2009.

 

Comments welcome :)

 

Thanks for posting - Looks good... I was early on that PT3 call. I jumped from the DOM LAT onto a NON-DOM FF. When I take your excellent chart and remove the gap (and butcher it in MS Paint) something interesting appears... Sometimes I miss Ensign... (it had Gap removal built in - one click of the mouse).

 

:)

091008-MM.thumb.jpg.83bfce308a73740c70bbd053a252c975.jpg

Share this post


Link to post
Share on other sites
Thanks for posting - Looks good... I was early on that PT3 call. I jumped from the DOM LAT onto a NON-DOM FF. When I take your excellent chart and remove the gap (and butcher it in MS Paint) something interesting appears... Sometimes I miss Ensign... (it had Gap removal built in - one click of the mouse).

 

:)

 

Yeah, I also noticed some bars being below PT3 in the first part of the AM traverse (if that's what you mean). I used the binary approach for deciding what to do. I ruled out all other possibilities, leaving me with a 5 point profit on a PT3 entry ;)

 

Gab-removal would be a very nice feature in TN.

Share this post


Link to post
Share on other sites
Yeah, I also noticed some bars being below PT3 in the first part of the AM traverse (if that's what you mean). I used the binary approach for deciding what to do. I ruled out all other possibilities, leaving me with a 5 point profit on a PT3 entry ;)

 

Gab-removal would be a very nice feature in TN.

 

Nice trading... It is very cool to see how the market "sync's" between AH and RTH.

 

I believe Genesis is going to be at Vegas... I will add that to the list of Q's :)

Share this post


Link to post
Share on other sites
this is like asking someone at the P/L thread: "Is this real?"

 

I disagree.

 

Just wondering if all those pretty lines everywhere actually make real money.

 

A simple question really. Anyone can draw lines after the fact and post pretty charts after the fact, but that doesn't mean much if it can't work in real-time.

Share this post


Link to post
Share on other sites
I disagree.

 

Just wondering if all those pretty lines everywhere actually make real money.

 

A simple question really. Anyone can draw lines after the fact and post pretty charts after the fact, but that doesn't mean much if it can't work in real-time.

 

I agree... it is a simple question... Drawing lines in real-time definately helps a trader make money. They don't even need to be pretty to make money LOL!. Anyone is free to draw lines after the fact too. It is a great way to practice learning these techniques.

Share this post


Link to post
Share on other sites
I believe Genesis is going to be at Vegas... I will add that to the list of Q's :)

 

They are going to be at Las Vegas (the VP for sure, and possibly their CEO), and even though (at least) two individuals have strongly encouraged Genesis to add a 'Gap Elimination' Option to their software, additional interest for said functionality expressed through direct contact should prove beneficial. ;) After all, The 'opening' gap isn't the only Gap which does not exist.

 

More on this in Las Vegas.

 

- Spydertrader

Share this post


Link to post
Share on other sites
Just wondering if all those pretty lines everywhere actually make real money.

 

Oh, O.K. I guess since you are 'just wondering' about things, we should all come clean. You see, over the last five years, I've spent countless hours, building a worldwide conspiracy of individuals who have nothing better to do than invent incredibly unbelievable stories of amazing trading prowess. By last count, we have men and women stationed near the Black Sea and within the former Soviet Union, in and around financial centers throughout London, New York and Kuwait, across Australia and New Zealand and spanning many of the countries in Southeast Asia, in addition to having numerous agents embedded throughout Europe and across The United States. In short, any continent not completely covered in ice, and we have someone there spending their entire day posting on web sites for the sheer enjoyment of 'tricking people' into believing annotating 'pretty lines' on a Price and Volume Pane actually mean something. This vast, global conspiracy of individuals spends nights, weekends and every market day looking for unsuspecting neophytes of the trading world in an effort to recruit new members into 'the cult.'

 

Strangely enough, the above fictitious scenario represents a far more believable environment to most people who represent the 'just wondering' crowd than when I say (factually), "I sat with a gentleman 2 weeks ago who captured $22,000 USD in 5 days, and he considered that amount a bad week due to the low volatility of the market."

 

Some of the people you've 'disagreed' with in this thread already make nice coin. They just don't feel the need to prove it to you - or anyone else. Interestingly, most of the 'just wondering' crowd often mistakes the 'refusal to post proof' choice as 'failure to profit' rather than 'failure to care whether or not people believe they can profit.'

 

It's a binary choice world. Pick which scenario appears most plausable to you and let the rest of the world make their own choices as well.

 

I have always remained quite comforatable knowing a significant number of people who post on web sites believe my posts lack value. Hell, some have even suggested I am completely full of shit.

 

I'm cool with all of that. You should be too.

 

- Spydertrader

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.