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.

NowTheMoment

Goldman Sachs and Friends

Recommended Posts

My job is done here. I tried to converse with the children and they have no respect.

 

If your job was to throw out assumption and conjecture as fact, without any basis in fact and reality, then job well done. Again, instead of arguing theory, why don't you post a trade example or two, like a real entry/stop/target, based on the information you feel is relevant, and then, the proof is in the pudding, if it may be the case. All you've done so far is just ramble about Goldman, but you've not shown any real benefit to how the information you have proposed can be useful, in a real live situation.

Share this post


Link to post
Share on other sites

yes i did watch the video

did you?

 

you clearly have no idea about how markets and market makers work or did not listen....he did not say where the market was.... he said if a producer could sell it forward at 80 (ie if its trading there) the project becomes viable but at 40 it was not. So guess what no one will give them financing unless they can lock in the price at $80. To do that you need to have people like GS who will help facilitate the liquidity and it needs to be trading there or at least the forward does.

and after your comment to MM - you confirmed it.

Share this post


Link to post
Share on other sites

after reading through the posts, ntm made a simple point concerning goldman who is a market maker and a huge major player, which i understood, too bad the rest of you didn't.

 

i saw the video when it first aired last year, lloyd was at bit aggressive or passionate i remember. the last 3 minutes at the end, i viewed it again and goldman would buy at 80, and like goldman they would begin to buy from 40 up, no question. that is business when you have the cash.

 

then again you guys are not in my position, which means you cannot understand the business. go stand outside with the protesters in the rain while we drain your accounts.

Share this post


Link to post
Share on other sites
after reading through the posts, ntm made a simple point concerning goldman who is a market maker and a huge major player, which i understood, too bad the rest of you didn't.

 

i saw the video when it first aired last year, lloyd was at bit aggressive or passionate i remember. the last 3 minutes at the end, i viewed it again and goldman would buy at 80, and like goldman they would begin to buy from 40 up, no question. that is business when you have the cash.

 

then again you guys are not in my position, which means you cannot understand the business. go stand outside with the protesters in the rain while we drain your accounts.

 

you dont make any sense nor seem to understand what happens in the markets, nor what Lloyd was saying in the video.... so I doubt you will be draining any ones accounts

Share this post


Link to post
Share on other sites
after reading through the posts, ntm made a simple point concerning goldman who is a market maker and a huge major player, which i understood, too bad the rest of you didn't.

 

i saw the video when it first aired last year, lloyd was at bit aggressive or passionate i remember. the last 3 minutes at the end, i viewed it again and goldman would buy at 80, and like goldman they would begin to buy from 40 up, no question. that is business when you have the cash.

 

then again you guys are not in my position, which means you cannot understand the business. go stand outside with the protesters in the rain while we drain your accounts.

 

Your position? I'll have 1 large coffee black, with one splenda.

Share this post


Link to post
Share on other sites

Who doesn't love a good conspiracy theory? I sure do.

 

I interviewed Aaron Russo shortly before his death so I'm fairly well versed on one of the biggest "Theories" out there. I liked Aaron.

 

I also like cartoons. This one is so powerful it makes my eyes water -

 

It's all about the Goldman Sachs and I'm sure most of you have already seen it. If you haven't please do, if it's already been posted please accept my apology as I'm too old to slog through the entire thread.

 

So what's my point?

 

When I hear things like "The Big Boys - The Smart Money - They ran my stops - ad naseum (ads by pepto) my blood boils. If you're talking equities, in particular small or micro caps - Amen Brother! That's why I stopped trading them. I still invest in them but I don't trade them.

 

So what's my point?

 

I trade Emini Futures. FIFO - First in / First out. GS has no clout in my market. That's why I moved here. No one has clout. Period.

 

The 1 contract trader has just as much power as the 1k contract trader or the 10k contract trader. Stop blaming "them" for your trades. If I buy 1165.00 on the ES Globex session as I'm typing, (I think I will) no Professional Trader has the power or desire to hurt me. I just got filled at 1165.25 MIT. If I decide to to take my trade off after 3 ticks or 3 points, how does the Professional mess with that? If I let it run to the Globex high and move my stop to plus 1 tick how does the Professional thwart me, manipulate me, or <insert french> screw me?

 

The problem is people who insist on blaming someone else for their own bone headed mistakes. I'm now up 2 ticks on the trade. There's 100 contracts on the Bid and 61 on the Ask. It's changing every second. I could get out right now with 2 ticks pocket a grand and ......oh wait...... the Professional must be in the Hamptons because now I have 5 ticks profit with 71 contracts on the Ask. If I sell 50 that's $4k in 5 minutes. Obviously the Professional has left the table right?

 

Here's the rub - where "THEY" get in or get out / and where "YOU" get in or out has zero bearing on the thousand's of players at the table. Go look at time and sales. Look at how many 1 lot orders go through. When a big lot goes through does it move the market? Rarely. If you really believe the conspiracy theory exists in the cleanest market in the world (besides Trader Joe's) how does 1K contracts move the market? On Globex and on thin volume. Somebody got lucky. Period.

 

One more paragraph and the goblet runneth dry. I just moved my stop to break even plus 1 tick. I now have FREE TRADE like Starbucks and TJ. Well not exactly the same but you get my point. Right?

 

If you believe the "run the stop" conspiracy you can take or be taken. I know all the arguments all too well. We discuss them on the radio program almost daily. Look at Warren Buffet. I didn't say bow down just look... He boldly bought Silver at $7 an ounce and it promptly tanked to $4 as I recall. Big guy, big order, market tanked. Huh? Think about it. If the SAGE OF OMAHA can't move the market, who can?

 

Did he still make a boatload of money on the trade? (rhetorical)

 

Crap, I had 2 points in that trade and some dang Professional logged in from the Cape and ran my stop at plus 1 tick. $#@!!! I thought I was safe. I thought they were all sleeping. I thought I had a shot..........

 

I guess you're right. Retailers have no shot. Black Friday to you all!

 

=)

Share this post


Link to post
Share on other sites

YIKES!

 

It's the middle of the night and THEY just ran the market to 1169.00

 

Remember, I was in on an MIT order at 1165.25. The market moved 2 points in my favor and I chose to move my Stop to break even plus 1 tick to create a FREE TRADE and COVER THE COMMISSION. THEY ran my stop as I previously posted :cinema:

and now THEY just ran 'em up to 1169.00 OMG. I could have had 3.75 points on that trade in the middle of the night before Thanksgiving.

 

If I had not moved my stop to break even I would

 

A) Have booked 3.75 points

B) Still be in the trade

 

My point in all this rambling is simply that it's between me and the market. I made a decision to get in, I made a decision to move my stop to create a FREE TRADE and now I own the results. It was all up to me. The entry, the exit, the stop, all up to me. No GS Lackey can ever make me enter the market. They can never make me exit the market. They can never move my stop or my target. Only I can do that.

 

Trading's not easy - but it can be simple!

Share this post


Link to post
Share on other sites
YIKES!

 

It's the middle of the night and THEY just ran the market to 1169.00

 

Remember, I was in on an MIT order at 1165.25. The market moved 2 points in my favor and I chose to move my Stop to break even plus 1 tick to create a FREE TRADE and COVER THE COMMISSION. THEY ran my stop as I previously posted :cinema:

and now THEY just ran 'em up to 1169.00 OMG. I could have had 3.75 points on that trade in the middle of the night before Thanksgiving.

 

If I had not moved my stop to break even I would

 

A) Have booked 3.75 points

B) Still be in the trade

 

My point in all this rambling is simply that it's between me and the market. I made a decision to get in, I made a decision to move my stop to create a FREE TRADE and now I own the results. It was all up to me. The entry, the exit, the stop, all up to me. No GS Lackey can ever make me enter the market. They can never make me exit the market. They can never move my stop or my target. Only I can do that.

 

Trading's not easy - but it can be simple!

 

There is nothing like a shameless plug on a Thanksgiving Day morning.

Share this post


Link to post
Share on other sites
after reading through the posts, ntm made a simple point concerning goldman who is a market maker and a huge major player, which i understood, too bad the rest of you didn't.

 

i saw the video when it first aired last year, lloyd was at bit aggressive or passionate i remember. the last 3 minutes at the end, i viewed it again and goldman would buy at 80, and like goldman they would begin to buy from 40 up, no question. that is business when you have the cash.

 

then again you guys are not in my position, which means you cannot understand the business. go stand outside with the protesters in the rain while we drain your accounts.

 

 

Yes..I've watched the video

 

I agree with previous posts that you/NTM don't understand markets/what is being said.

 

One of the firms I worked at may be considered by some to be a "large primate". Not sure where they are on the "poundage scale" but gotta be at least an Orangutan ! As the largest single house by overall volume traded in FX maybe a Gorilla in some circles...who knows....or cares....

So, whilst I am not in "your position" I do believe I have some "understanding of this business".

 

Re: last 3 minutes/Oil/GS

Lloyd was just giving an example of how markets/GS can work , but anyway, trading Forwards isn't necessarily about predicting where a market rate will be at a certain date. GS could buy oil forward at $80 with a current price at $40 which doesn't rise and still make/not lose money using a multitude of other strategies,products,trades...None of which would likely be single-handedly trying to take on the market and push the spot price from $40 to $80...That would be a dumb strategy..and GS aint dumb.

 

On the original point of analysing the squawk..

 

I've listened to the squawk..It sometimes provides good memories of hectic dealing rooms ..but that's about it...I would never use the information to base a trading decision on.

 

If you hear GS sell 100/200/whatever no. of lots..Does that tell you their overall position is:

Short / Long / Flat / Dont know

 

Obviously its: Dont Know, so I dont see how it provides clarity or is useful information to base my decisions on .

 

If trading FX and after doing the trade one gets the the counterparty name as Deutsche Bank, should one immediately reverse with the rationale they're bigger so "THEY" must know something etc .I think there is a misconception that the "Gorillas" swing huge size all day, carry huge open positions, and push markets where and when "THEY" want....I don't think so.

 

Hence GS making far more $'s on the market making, advisory, fee based etc business lines rather than on their non client/own account activities.

 

Trade Well

Share this post


Link to post
Share on other sites

From a Bloomberg commentary the other day referencing the MF Global mess of Jon Corzine's doing and how he should have known better seeing the same thing (being over-leveraged) happen to Lehman while he was at Goldman:

 

At Lehman, in the mid 2000s, executives took comfort in the notion that that the bank was in the “moving business” not the “storage business.”

 

In and out. Bam.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • 1. A person who disguises insults as jokes.   2. A person who will never take accountability but has no problem always blaming you.   3. A person who says they want the best for you, but then works against you.   4. A person's whose words and actions don't match.   5. You can't trust a person who puts seeds of doubt in you, disguised as something else, like concern for you.   6. You can't trust a person who always tries to sabotage you, or make things harder for you. But always has an excuse for everything. Source: https://mentalhealthpsychology2.quora.com/6-TYPES-OF-PEOPLE-YOU-SHOULD-NOT-TRUST   
    • Date: 15th May 2024. Market News – Treasuries rallied, NASDAQ at new high, DXY lower after PPI pop.   Trading Leveraged Products is risky Economic Indicators & Central Banks: *JGB yields slipped, as markets paused amid a recent bond sell-off, awaiting a crucial US inflation report expected to influence the Fed’s short-term interest rate decisions. Remember, that typically yields move inversely to bond prices. *US: Stronger than expected prints on PPI did not have the textbook effects on the markets. Interestingly, Treasuries and Wall Street rallied, while the US Dollar slipped. The guts of the report were not as worrisome as the headlines suggested, and the CPI is viewed as more important. *Global equities are set for a fresh record after a big tech-led rally in US gauges. Financial Markets Performance: *The USDIndex slumped to 104.7, EURUSD rose to 1.0830 and USDJPY drifted at the EU open below 156. *Gold rose almost 1% to $2358.12 per ounce, while USOIL advanced to $78.18 after shrank US stockpiles, and as traders looked ahead to a report from the International Energy Agency that’ll shed light on market balances into the second half. *Copper spiked to a fresh record high at $5.12 a pound after a squeeze partly due to traders playing the arbitrage between futures on Comex and the Shanghai Futures Exchange.   Market Trends: *Big tech climbed, however, boosting the NASDAQ 0.75% to a new all-time high of 16,511. The S&P500 rose 0.48% to 5246. The Dow advanced 0.3%. *Sony shares jumped by 12% after strong earnings, a stock split and a share buyback of ¥250bn ($1.6bn). *Tesla gained 3.3%. Tencent Holdings surged after the company’s revenue beat estimates , while Alibaba Group Holding Ltd.’s slid on a profit plunge, highlighting the growing divergence between China’s twin Internet powerhouses. 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. Andria Pichidi 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.
    • Recessions are weird.   The more you think about them, the weirder they become.   Yes, the economy is cyclical. Downturns aren’t just inevitable, they’re healthy.   BUT   Economic cycles, including recessions, are not just determined by clean and predictable financial indicators but also by psychological and sociological factors.   Collective mood, media reporting, and public sentiment play a substantial role in shaping economic realities.   And they can be manipulated.   A.] The Fear Factory   Every time the media starts shouting "recession," what happens?   Panic. Fear.   It's like Halloween but for adults.   And this fear isn't just innocent fun – it moves markets, influences decisions, and causes real harm.   Give me an example of when the media saw a chance to scare the crap out of you and didn’t take it?   I’ll wait.   B.] Recessions are Relative   Consider this – what's called a recession in one country is a day in paradise in another.   Economic conditions are relative.   If the standards are so skewed, can we really trust this whole concept?   C.] The Recession Whisperers   Imagine a secretive group, not in some government bunker, but in a quiet office in Cambridge, Massachusetts. That's the National Bureau of Economic Research (NBER), the recession referee.   But here's the twist: By the time the NBER declares a recession, it's like announcing rain when you're already soaked.   Their method involves a retroactive look, meaning they wait for six months of data, plus a one-month lag.   So, when they finally declare a recession, it's old news, a story you've been living in, not just reading about. In the world of economic predictions, the official-unofficial referees are not the early birds; they're the historians.   Also…   D.]The GDP Puppet Show   GDP.   It’s supposed to be a “health check” for the economy.   BUT   It's like going to a doctor who only measures your height and ignores your blood pressure, cholesterol, and heart rate.   It counts every dollar spent, regardless of what it's spent on.   That means disasters, wars, and environmental destruction all pump up the GDP. If a hurricane hits and we spend billions on reconstruction, guess what? GDP goes up.   Celebrating a GDP increase is like throwing a party because your house burned down and you had to rebuild it.   It’s also the main indicator the NBER uses to measure a recession.   The real problem with this is…   GDP is a broad measure and can be influenced by short-term fluctuations that don't necessarily reflect long-term economic trends.   It’s a useful indicator, but far from comprehensive.   E.] The Self-Fulfilling Prophecy   Here's the kicker – by declaring a recession, we make them more likely.   It's a classic self-fulfilling prophecy.   Businesses pull back on investment, consumers close their wallets, and just like that, the economy slows down.   But what if we didn't buy into the narrative? I have no idea.   F.] Rage Against Determinism   Economies aren’t deterministic. They’re dynamic.   Economies don’t follow a predetermined path.   Human agency and perception play a significant role in shaping economic realities.   Predictions are usually wrong for this reason.   Also, there’s this…   G.] The Hidden Agenda   Tin foil hat time.   Think about who benefits from recession talk.   The media gets a juicy story.   Politicians get a scapegoat.   Certain investors get to buy low.   It’s a game, and the average person isn't the one winning. You’re always being sold a narrative that serves others, not you.   And Yet, a Recession is HERE   Of course, recessions exist. Because prolonged downturns exist.   But all of this calls into question what we think we know about the word “recession” and how we talk about it.   It’s not as clear a concept as we think.   Nevertheless, it’s probably here already.” – Chris Campbell (AltucherConfidential)  
    • QCOM Qualcomm stock great breakout follow through, https://stockconsultant.com/?QCOM
    • JPM JPMorgan Chase stock breakout, https://stockconsultant.com/?JPM
×
×
  • Create New...

Important Information

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