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  • #385,341
  • Feb 12, 2011 5:13pm Feb 12, 2011 5:13pm
Quoting Larseg
Thanks cloggie reading about it now, hehe.. funny stuff...

9 billion!! How do you even start filling it...

I reckon it was 8 billion and in the end 9 or something...

AK and I came down hard on this guy last week who came here looking for investors.

http://www.forexfactory.com/showthread.php?t=279584

If you look at his fxbook account now you can see how adding to his losing GU trade increased his DD to, wait for it, 100%. Done and dusted. A second obvious trait you can see in his trading is his inability to close a losing trade and taking profits at the first hint of a green pip.

http://www.myfxbook.com/members/KDFX...strategy/83485
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  • #385,342
  • Feb 12, 2011 5:18pm Feb 12, 2011 5:18pm
Quoting malcolmb14
all I know is that those bars marked are not selling ..

gap down in asia Monday even more lovely.

GU watch that puppy rip up

Attachment
Malcolm if this is not higher volume on rallies in a down trend then I must be looking at it incorrectly...

Price is falling on low volume... nobody buying

Price rising on high volume... everybody selling...
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  • #385,343
  • Feb 12, 2011 5:19pm Feb 12, 2011 5:19pm
Quoting cloggie
It is bloomin madness. Every floor I have ever worked on, adding to a losing trade was cause for instant dismissal, no comeback and forget trying to get a job as a window cleaner at a high street bank, let alone on another floor. That's why some of these are so big, they kept it hidden and thought they knew better. Traders will never learn.
I find that really weird, I asked my tax agent 6-7 years ago what happens if I dont pay GST, and he didnt understand why I wouldnt pay GST... Never got an answer, but that is how it should be with certain trading rules... Funny though,

I think LTCM and the 9 billion guy is my favorite...

http://en.wikipedia.org/wiki/LTCM
http://www.neurosoftware.ro/finance/tag/howie-hubler/
  • #385,344
  • Feb 12, 2011 5:22pm Feb 12, 2011 5:22pm
then ...1.3150 to 1.2850 mark down...

chart1 .all volume on down bars in US / london session.... all down moves in asia No volume. 1000 pip up move

chart 2 same pattern.. 200 pip off weeks high in 3 days in a pair that has daily atr 140 pip is not bearish ..also all volume on down bars halted market in london / us and asia used to mark down prices on low vol ...

bag holding for sure. 1.3610 taken out 1.4000 / 1.4250 here we come

a little patience and this will work nicely

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  • #385,345
  • Feb 12, 2011 5:25pm Feb 12, 2011 5:25pm
if you have 400 billion to enter tha market with how would you do it ?

all in one go ? that would spike price 500 pip in one day ... or in chunks ?

buy a bit .. not support price OR even sell on low volume aginast your larger position .. buy a bit more 100 pip lower ... let price drop buy a bit more ..

I am looking for to what next week brings. 1.3610 to 1.3640 is key eu and 1.6050 GU ... above that we gonna rip

Quoting Musashi
Malcolm if this is not higher volume on rallies in a down trend then I must be looking at it incorrectly...

Price is falling on low volume... nobody buying

Price rising on high volume... everybody selling...
Blogging daily now at www.volume.zone
  • #385,346
  • Feb 12, 2011 5:30pm Feb 12, 2011 5:30pm
Quoting Larseg

I think LTCM and the 9 billion guy is my favorite...

"When genius failed" is a great book about LTCM and mandatory reading for all statarb guys. I am of, was only here while waiting for some friends. See y'all.
  • #385,347
  • Feb 12, 2011 5:30pm Feb 12, 2011 5:30pm
Quoting malcolmb14
if you have 400 billion to enter tha market with how would you do it ?

all in one go ? that would spike price 500 pip in one day ... or in chunks ?

buy a bit .. not support price OR even sell on low volume aginast your larger position .. buy a bit more 100 pip lower ... let price drop buy a bit more ..

I am looking for to what next week brings. 1.3610 to 1.3640 is key eu and 1.6050 GU ... above that we gonna rip
Yes that makes perfect sense to the institutional traders who hold billions of dollars and average up or down to them means nothing...

Do you average up and down on your account?
  • #385,348
  • Feb 12, 2011 5:32pm Feb 12, 2011 5:32pm
Quoting cloggie
AK and I came down hard on this guy last week who came here looking for investors.

http://www.forexfactory.com/showthread.php?t=279584

If you look at his fxbook account now you can see how adding to his losing GU trade increased his DD to, wait for it, 100%. Done and dusted. A second obvious trait you can see in his trading is his inability to close a losing trade and taking profits at the first hint of a green pip.

http://www.myfxbook.com/members/KDFX...strategy/83485
Hehe, its sad at the same time amusing. I guess it is amusing cause I have been there myself.

Thats why I spend so much time in the extracted posts section It amuses me with endless ranting. It shouldn't, but it does...

I were to write something more but I forgot... Hmmm...
  • #385,349
  • Feb 12, 2011 5:35pm Feb 12, 2011 5:35pm
Yes i add

for example if eu does start an up trend I have position at 1,3500 , one at 1.3600 I bought early in week , once 1.3500 is protected with 100 pip stop i will buy at 1,3640 , once that is protected with stop at be I will enter again at 1,3710 and 1.3850 on a break out and test.

each time i will not add until the prior order has stops at break even

I did this on the way up form 1.3030 , 1.3090 , 1.3150 , 1.3460 ended up with a 40 lot trade

Quoting Musashi
Yes that makes perfect sense to the institutional traders who hold billions of dollars and average up or down to them means nothing...

Do you average up and down on your account?
Blogging daily now at www.volume.zone
  • #385,350
  • Feb 12, 2011 5:37pm Feb 12, 2011 5:37pm
Quoting cloggie
"When genius failed" is a great book about LTCM and mandatory reading for all statarb guys. I am of, was only here while waiting for some friends. See y'all.
I am downloading it,

Yes, like you have friends Cloggie....

I am going for a jog...




Too bad you cant see me smile while typing, or did I, did I not... who did what?
  • #385,351
  • Feb 12, 2011 5:37pm Feb 12, 2011 5:37pm
Quoting malcolmb14

each time i will not add until the prior order has stops at break even

We may disagree on VSA, but that is the only way to scale into a trade, get a bit of profit locked in and your second trade is using the market's money and not your own, free cash.
  • #385,352
  • Feb 12, 2011 5:38pm Feb 12, 2011 5:38pm
Quoting Larseg
Yes, like you have friends Cloggie....

Not here I don't, that's why the only buddy on my buddy list is myself.
  • #385,353
  • Feb 12, 2011 5:39pm Feb 12, 2011 5:39pm
Quoting malcolmb14
Yes i add

for example if eu does start an up trend I have position at 1,3500 , one at 1.3600 I bought early in week , once 1.3500 is protected with 100 pip stop i will buy at 1,3640 , once that is protected with stop at be I will enter again at 1,3710 and 1.3850 on a break out and test.

each time i will not add until the prior order has stops at break even

I did this on the way up form 1.3030 , 1.3090 , 1.3150 , 1.3460 ended up with a 40 lot trade
You said in your previous post let price drop a bit more, buy some more...

Average your position down as price falls.

Is this what you do?
  • #385,354
  • Feb 12, 2011 5:40pm Feb 12, 2011 5:40pm
eu 8 hour futures chart

ultra high volume down bar .. that was some bs news dip 1.3651 close , 2nd highest volume bar of all year

1.3584 line mark close of NFP bar THAT WAS 5 TRADING DAYS AGO .

since then we managed a whopping 80 pip move ...

if those high volume bars are sellers how comes this has not plunged ?

will be watching the 1,3590 and 1,3650 handles carefully next week

pros buy down bars sell up bars always ...

friday was a down bar with highest volume of all week on an 80 pip wide bar ( my 8 hour candle reflects 2 hours into london and 1 hr after it closes , so encompasses us / london overlap , this is narrow spread with ultra high volume ( highest of all week).... indicates buyers

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Blogging daily now at www.volume.zone
  • #385,355
  • Feb 12, 2011 5:42pm Feb 12, 2011 5:42pm
not typically .. i did this week

1.3610 entry and 1.3500 entry

Quoting Musashi
You said in your previous post let price drop a bit more, buy some more...

Average your position down as price falls.

Is this what you do?
Blogging daily now at www.volume.zone
  • #385,356
  • Feb 12, 2011 5:44pm Feb 12, 2011 5:44pm
Quoting cloggie
It is bloomin madness. Every floor I have ever worked on, adding to a losing trade was cause for instant dismissal, no comeback and forget trying to get a job as a window cleaner at a high street bank, let alone on another floor. That's why some of these are so big, they kept it hidden and thought they knew better. Traders will never learn.
http://video.google.com/videoplay?do...7894948692400#
  • #385,357
  • Feb 12, 2011 5:47pm Feb 12, 2011 5:47pm
In certain respects I think it is more bearish if up bars have more volume than down bars if it doesn't reverse the trend or at least have a HH or two thrown in on the downtrend.
  • #385,358
  • Feb 12, 2011 5:48pm Feb 12, 2011 5:48pm
Quoting malcolmb14

pros buy down bars sell up bars always ...
Now you are making absolutely no sense what so ever...
  • #385,359
  • Feb 12, 2011 5:49pm Feb 12, 2011 5:49pm
monday will be here soon enough and as long as eu atr is 140 pip a day , and we can benefit form this somehow ... no point in spending to much time thinking about where eu will go .

have a great balance of the weekend
Blogging daily now at www.volume.zone
  • #385,360
  • Feb 12, 2011 5:59pm Feb 12, 2011 5:59pm
pros buy on down bars ....

IF you want to buy a house that is 400 k do you offer 450 k ? or do you want to buy it for 370 k? of course you want to buy it at 370 k , so you will wait for a discount or ' down bar .... could be on bad news , typically is.

look at my bp chart posted earlier.... wide spread down bar ... BP going bankrupt and well did not hold all over the news... BAD NEWS . YET the next bar was up and the volume was the highest in the history of BP... PROS BOUGHT HEAVY ON THE DOWN BAR. price has not looked back since.

pros sell on up bars ...to get into sell positions.

If you see ultra high volume on up bars with next bar down .. this is 90% of the time professional money selling . the chart below showed this well ..that was the highest volume on a 15 min all week on the 6e ..euro futures , that had to be selling as 1) we are close to weekly resistance and 2) next bar was down.

2nd chart gu 30 min wide spread down bar just under 1.6 .. handy ..large volume.. price rose since then... pros bought that bar or took profit

think about this and I am sure you will get it

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Quoting Musashi
Now you are making absolutely no sense what so ever...
Blogging daily now at www.volume.zone
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