CONGRATS EVERYBODY!!!! 
100000 posts
- Post #99,982
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- Aug 4, 2011 9:03pm Aug 4, 2011 9:03pm
- Joined Jun 2010 | Status: Hello,Mr.Market | 1,806 Posts
A chart helps those who can read it.
- Post #99,983
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- Aug 4, 2011 9:15pm Aug 4, 2011 9:15pm
- | Commercial Member | Joined Aug 2006 | 12,004 Posts
I cannot believe the markets today, unbelievable. Thankfully I was on the right side of a trade and benefitted from the 'crash'. But Forex has a nasty sting in its tails. Plan your trade and trade your plan, know your trade and know your plan, manage your risk. Know what you are doing, if it goes wrong then hey. Monitor your trades, if your not performing then something is wrong! stop trading, re-evaluate. If you dont know why your not performing then you shouldnt be trading. It takes commitment and learning, also the desire to get positive...
Mike
- Post #99,984
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- Aug 4, 2011 9:30pm Aug 4, 2011 9:30pm
- | Commercial Member | Joined Aug 2006 | 12,004 Posts
- Post #99,985
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- Aug 4, 2011 9:33pm Aug 4, 2011 9:33pm
- | Commercial Member | Joined Aug 2006 | 12,004 Posts
the greatest thread !
Thanks buddy for everything
Mike
- Post #99,986
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- Aug 4, 2011 9:35pm Aug 4, 2011 9:35pm
you can also walk out of your house tommorow and a lot of things happen
I get your idea of an edge believe me I do. More then you know. The great thing about PA and price is it's built into it. Your observing the market no matter the conditions before making the decisions. It's very flexible like that. This is why a lot of people fall in love with this type of trading and most other "systems" get crushed when dynamics change.
Best
Mike
- Post #99,987
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- Aug 4, 2011 10:53pm Aug 4, 2011 10:53pm
- | Commercial Member | Joined Feb 2005 | 2,875 Posts
congrats. lol. congrats to all of you.
jim
jim
the greatest thread !
- Post #99,988
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- Aug 4, 2011 11:11pm Aug 4, 2011 11:11pm
Have a great vacation Jim, and thank you again for sharing all your insight and experience with us all on this thread and on the J16 website!
- Post #99,989
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- Edited 12:29am Aug 5, 2011 12:09am | Edited 12:29am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
100000 posts..
nice one, geniusztc!
Im getting out of the heat for a week starting tomorrow and heading for my favorite place, Northern New Mexico.
While im gone im sure we will reach 100,000 posts..
Hi all
Can anyone help rationalise this one?
im not sure/cant state which ones, but u can check commodities & stocks.
Gold dropped too. check aserbfx's YM chart above, several consecutive bearish days.
also, there seem to be a rumor of margin requirement increase for Gold (will look for the link). i believe this is bad news for Gold/commodities traders. (remember, back in July15, in Oanda at least, Gold & silver trading leverage was dropped down to 1:1)
PLEASE PLEASE GUYS I NEVER POST IN ALL CAPS
I HEARD OF TWO BLOWN ACCOUNTS TODAY ON PEOPLE IGNORING THE JAMES16 REQUIREMENTS. IT HURTS ME BECAUSE I CARE TOO...
all newer traders shouldnt follow the same path that people like I took.
blown accounts drain you physically, emotionally, psychologically, financially.
dont be aggressive, slow down, re-evaluate. practice A LOT. post #1 has a very serious purpose & they are meant for you.
- Post #99,990
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- Edited 12:51am Aug 5, 2011 12:34am | Edited 12:51am
im not sure/cant state which ones, but u can check commodities & stocks.
Gold dropped too. check aserbfx's YM chart above, several consecutive bearish days.
When you have to shoot, shoot. Dont talk.
- Post #99,991
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- Aug 5, 2011 12:45am Aug 5, 2011 12:45am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Massive selloff in commodities as funds get shifted to tnotes on risk aversion.
they're probably paid to speak silly.
they're feeding the viewers a bunch of lies so the 'big traders' can cash in
....
I'm a well respect online PPP (professional poker player) and I don't know if you know that...
no wonder, u have an affinity for trading.
I have wondered about this myself actually. I would love to know Jim, from someone who has clearly build more than a few accounts.
- Post #99,992
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- Aug 5, 2011 12:53am Aug 5, 2011 12:53am
yeah, risk aversion but i dont know/cant understand all the details of the news i've been reading.
they're probably paid to speak silly.
they're feeding the viewers a bunch of lies so the 'big traders' can cash in
happens.People get worried about future. Risk bad.
People sell stuff to reduce their exposure (read: risk)
Sellers > Buyers = falling prices
Falling prices scare more people.
More people sell stuff.
Wash. Rinse. Repeat.
When you have to shoot, shoot. Dont talk.
- Post #99,993
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- Aug 5, 2011 1:03am Aug 5, 2011 1:03am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Something Bad
People get worried about future. Risk bad.
People sell stuff to reduce their exposure (read: risk)
Sellers > Buyers = falling prices
Falling prices scare more people.
More people sell stuff.
Wash. Rinse. Repeat.
i was referring to others.... those 10s & 5s; swap spread; lead managers; Kauri market; secondary markets; etc... pieces of many puzzles...
sometimes i feel bad that i have an ebullient need to know/am interested in a lot of stuff
wow, James16 is back from vacation!
u were correct about the 100,000 post round number
- Post #99,994
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- Aug 5, 2011 1:17am Aug 5, 2011 1:17am
thanks, but not that part.
i was referring to others.... those 10s & 5s; swap spread; lead managers; Kauri market; secondary markets; etc... pieces of many puzzles...
sometimes i feel bad that i have an ebullient need to know/am interested in a lot of stuff
It's an indicator of credit conditions. Take the difference between yield on a treasury and the rate on a fixed leg of a swap - tells you how much *more* a business has to pay than the US government for debt of the same duration... basically telling you the 'risk premium' the market is placing on the biggest, strongest companies/banks... so when it goes up, the market is charging more for risk, ie risk aversion has increased.
In any big transaction (think a bond or equity issue), there will be a couple of banks involved. One of them is in charge - the lead manager.
an NZD bond issued by a non-NZD bank. See also Yankees, Kangas, Maples, Samurais (although there are a few classes in there, depending on whether they are issued onshore or offshore. Still, they have cool names. except the kanga.) Alternately: a bigass tree you see in NZ.
Primary market = new issues (where you buy direct from companies/banks/govt)
Secondary market = previous issues (ie, the 'stock exchange', fx market, bond market)
What do I win?!
When you have to shoot, shoot. Dont talk.
- Post #99,995
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- Aug 5, 2011 1:57am Aug 5, 2011 1:57am
- | Joined Jan 2011 | Status: Member | 33 Posts
- Post #99,996
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- Aug 5, 2011 1:57am Aug 5, 2011 1:57am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
5y/10y treasury notes...
What do I win?!
u win 'something', whatever that is. it's a surprise, lolololi got ideas about them, but your post sure helps.
hey another question, since it's Friday...
i just joined an online chess site about 2-3months ago.
im playing against a higher ranked player. (dont i often?
)it's my turn to move. what should i move? c'mon,i only got 12hours left
i need a move just like the SNB & BOJ intervention. lololololololo
- Post #99,997
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- Aug 5, 2011 2:07am Aug 5, 2011 2:07am
hey another question, since it's Friday...
i just joined an online chess site about 2-3months ago.
im playing against a higher ranked player. (dont i often?
it's my turn to move. what should i move? c'mon,i only got 12hours left
Attachment
i need a move just like the SNB & BOJ intervention. lololololololo
Otherwise, my deepest condolence
Follow my trading on Twitter and FB: @pumlitch
- Post #99,998
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- Aug 5, 2011 2:07am Aug 5, 2011 2:07am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
What's your colour and why is the Knight highlighted?
im half-kidding as always.
but if u wanna discuss that game, u can PM me. (since it's off-topic) btw, chess, like poker, is quite related to trading.
next time im gonna join a poker site.
If I were you I take the Queen and ruuuuun away! ...and call for help
Otherwise, my deepest condolence
hello ,
Did somebody notice the BEOB on EU DAILY ??
If it wud not have been NFP today i might have looked to take this trade ?
...
possible move toward 1.40 area.
we have wild markets these days, plus it's US NFP day today, so better to stay safe like u said.
- Post #100,000
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- Aug 5, 2011 2:37am Aug 5, 2011 2:37am
- | Joined Jul 2010 | Status: MAKE IT HAPPEN | 2,220 Posts
