Goldman Sachs traders use moving averages | Forex Factory

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Goldman Sachs traders use moving averages

  • #1
  • First Post: Mar 9, 2011 8:43am Mar 9, 2011 8:43am
Bet I got your attention there...

Anyway I'm sure most of you guys know about Anton Kreil, he was the supervisor taking care of the traders in the Million Dollar Traders tv-show.
He's been one of the top traders and was VP at Goldman trading.. JP Morgan and Lehman (maybe it was his fault.. him or the moving averages - you choose).

Anyway he quit his work and started his own firm talking about how to become a better trader and gaining an edge etc.
It's called Institute of Trading and Portfolio Management.

Now this is where it gets interesting.
I guess many of you guys have Facebook? Now, copy Institute of trading... and search for it, you will find a group or something that you can "like".

Go to that group, now go to pictures. Now start laughing.
This guy really uses moving averages, I'm not joking. We're talking CCI and 20/30 MA's..

Just wanted to share some funny stuff in between my studying on how I will whop their ass.

Anyway, take care and have a good laugh
  • #2
  • Mar 9, 2011 8:48am Mar 9, 2011 8:48am
i was just gonna say that
man i thought this was some noob trying to get our attention with a bunch of crap

haha,but wait its carnegie

i bet yaed would love to hear this
  • #3
  • Edited 9:10am Mar 9, 2011 8:53am | Edited 9:10am
Quoting dragan53
i was just gonna say that
man i thought this was some noob trying to get our attention with a bunch of crap

haha,but wait its carnegie

i bet yaed would love to hear this
haha hey dragan.. no seriously I found it really amusing.. Look at his comments, RIM stock is testing 60 days average or something in a dowtrend and he is saying that it's gonna pop up anytime!?

I just thought it would be something funny to look at.. I mean they can't be serious about that?

PS. Who is yaed?
  • #4
  • Mar 9, 2011 8:58am Mar 9, 2011 8:58am
trader:"im going to buy XX @ 95.50..."

Anton: So , wait.. we are trading at 94.80 and you are telling me we are going to start buying at 95.50?? WHAT THE FUCK!!!!!!!!!!!!..

Something i remember from that millionaire show.. i think anyway ? haha..
lowest draw down possible please.
  • #5
  • Mar 9, 2011 8:58am Mar 9, 2011 8:58am
Quoting Carnegie
haha hey dragan.. no seriously I found it really amuzing.. Look at his comments, RIM stock is testing 60 days average or something in a dowtrend and he is saying that it's gonna pop up anytime!?

I just thought it would be something funny to look at.. I mean they can't be serious about that?

PS. Who is yaed?
yaed my friend,hes a scalper ,a very succsfull one
he trades with rsi,cci ,tons of moving averages
envelopes....u name them......i tried it ,doesnt work for me,but hes really good at it
  • #6
  • Mar 9, 2011 9:07am Mar 9, 2011 9:07am
Are you sure he was a proprietary trader? Goldman employs a lot of highfalutin analysts that can't trade to good. VP of this or that can be very misleading in the financial industry. Its interesting because I have a friend in the industry and he told me the bulk of Goldman's trading revenues comes from options strategies can't imagine them valuing options with cci :0.
  • #7
  • Mar 9, 2011 10:38am Mar 9, 2011 10:38am
VP in the finanical industry doesn't really mean anything because majority of the front office folks are VP or up.

Just like you have a lot of managers in the retails side as well and they dont really manage anyone other than themselves.
  • #8
  • Mar 10, 2011 12:02am Mar 10, 2011 12:02am
DANG!MEXICANZ!

http://4.bp.blogspot.com/_83rZEgX6bQ.../dang+dirt.jpg

http://au.pfinance.yahoo.com/moneyan...ey-and-impact/
  • #9
  • Mar 10, 2011 12:30am Mar 10, 2011 12:30am
lol who said ma don't work.

Last i checked, I made 30% increase a year out of it. Imma support my MA bro here!
  • #10
  • Mar 10, 2011 1:57am Mar 10, 2011 1:57am
Well... here's something else that'll make you laugh.
Marty Schwartz - never trades against a moving average. Bill Lipschutz never trades against a trend, and I've read of more.

Collectively across thousands of successful traders, there's a mass of contradictions. The best money is counter-trend. Always play the trend. Pivots rule the roost. Follow don't predict. Predict don't follow. Fundamentals count. Ignore the news etc etc. It's a ballbag of a cliche but the only thing they truly have in common is a successful mindset - hard work ethic + self-belief.

That said, I wouldn't let Anton trade my dinner money let alone a hedge fund off the back of that TV show...
  • #11
  • Mar 10, 2011 11:26am Mar 10, 2011 11:26am
Quoting triphop
Collectively across thousands of successful traders, there's a mass of contradictions. The best money is counter-trend. Always play the trend. Pivots rule the roost. Follow don't predict. Predict don't follow. Fundamentals count. Ignore the news etc etc. It's a ballbag of a cliche but the only thing they truly have in common is a successful mindset - hard work ethic + self-belief.
Good stuff. This is why my favorite posts in forexfactory are the ones that start off "_____ doesn't work", referring to any number of things any number of traders have used to make money off of
  • #12
  • Mar 16, 2011 5:46am Mar 16, 2011 5:46am
Quoting Carnegie
Bet I got your attention there...

Anyway I'm sure most of you guys know about Anton Kreil, he was the supervisor taking care of the traders in the Million Dollar Traders tv-show.
He's been one of the top traders and was VP at Goldman trading.. JP Morgan and Lehman (maybe it was his fault.. him or the moving averages - you choose).

Anyway he quit his work and started his own firm talking about how to become a better trader and gaining an edge etc.
It's called Institute of Trading and Portfolio Management.

Now this is where it gets interesting.
I...


i already whoop thier arse each and every week.....

  • #13
  • Apr 5, 2011 11:48am Apr 5, 2011 11:48am
Quoting Carnegie
PS. Who is yaed?
Thats me. Whanna see something even more funny:

Thin blue line is MA 9 expo, close, the black one is MA 21, expo, close. What i use it for? Beats me most of the time. I dont friggin now why i make the trades i do, that i have to think about afterwards. Dumped all my indies yesterday except the stuff you see here because my good results have been without em, at least when considering low SL trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Morning 5th.jpg Size: 125 KB
My signature is: "Classified".
  • #14
  • Apr 5, 2011 4:31pm Apr 5, 2011 4:31pm
Quoting triphop
Well... here's something else that'll make you laugh.
Marty Schwartz - never trades against a moving average. Bill Lipschutz never trades against a trend, and I've read of more.
Those words make all the difference, and that is why using MAs is nothing to laugh at.
  • #15
  • Apr 5, 2011 4:32pm Apr 5, 2011 4:32pm
Quoting yaed
Thats me. Whanna see something even more funny:

Thin blue line is MA 9 expo, close, the black one is MA 21, expo, close. What i use it for? Beats me most of the time. I dont friggin now why i make the trades i do, that i have to think about afterwards. Dumped all my indies yesterday except the stuff you see here because my good results have been without em, at least when considering low SL trades.
You are misquoting Mr Krishnamurti in your signature. The meaning of his actual words is different.
  • #16
  • Apr 6, 2011 1:03am Apr 6, 2011 1:03am
Quoting medici
You are misquoting Mr Krishnamurti in your signature. The meaning of his actual words is different.
OK damn, i just went with memory, what was it he said then?

Maybe it was "Its not a sign of health to be well adjusted to a sick society.", that might be it...
My signature is: "Classified".
  • #17
  • Apr 6, 2011 2:05am Apr 6, 2011 2:05am
Quoting yaed
OK damn, i just went with memory, what was it he said then?

Maybe it was "Its not a sign of health to be well adjusted to a sick society.", that might be it...
That's closer: http://www.wildmind.org/blogs/quote-...sure-of-health
  • #18
  • Edited 2:52am Apr 6, 2011 2:32am | Edited 2:52am
Of course they do, its a smoke screen. They have to make it seem that they know what they are doing so that nobody suspects that they really are trading off inside information (or was it Merlin's Amazing Strategy...).
  • #19
  • Apr 6, 2011 3:14am Apr 6, 2011 3:14am
As far as im aware of G.Sachs is heavily into HFT (60% or more?) and also heavily accused of front running their own clients.

I cant see how after being VP he would setup his own "training shop" and disclose the exact things he was doing in goldmans.
  • #20
  • Last Post: Apr 6, 2011 3:17am Apr 6, 2011 3:17am
Type this "Institute of Trading and Portfolio Management" in the search of FF and you'll find the rotten are right here with us.
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