DislikedTo be honest, I think there is more % of profitable traders in those markets than in the wild ones or in Forex. There are slow, boring but a lot more "predictable" with the right capital and information, and with extreme patience you can find your niche.
In simple words, any trader and gambler (lots around here) who has only trade forex will never make it there as there is no adrenaline rush or wild random moves in m1...lol
sisseIgnored
- #515,402
- Aug 8, 2011 12:41pm Aug 8, 2011 12:41pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
For 15 years I worked for a really good inspiring company, then 5 years they started to hire the odd muppet (as you might put it). 3 years laters those same muppets are doing interviews and hiring more muppets, who in turns hire yet more muppoets.
They multiplied and those us who were actually any good got the hell out.
The place was near full of muppets by the time I quit beginning of this year - big house-hold name IT company - even the boss quit a few years ago.
Moral of the story - muppets multiply like rabbits
thats the moral of the story
muppets hire muppets
- #515,403
- Aug 8, 2011 12:42pm Aug 8, 2011 12:42pm
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
For 15 years I worked for a really good inspiring company, then 5 years they started to hire the odd muppet (as you might put it). 3 years laters those same muppets are doing interviews and hiring more muppets, who in turns hire yet more muppoets.
They multiplied and those us who were actually any good got the hell out.
The place was near full of muppets by the time I quit beginning of this year - big house-hold name IT company - even the boss quit a few years ago.
Moral of the story - muppets multiply like rabbits
Started out on indices
I started doing this 8 years ago taught myself from mainly this website and afew others
Took 150 k pounds down to 12k
Now have 870 k this is all in an 8 year cycle it took me over 4 years to learn how to make money
That's why I don't go away as Cloggie puts it
rat
- #515,404
- Aug 8, 2011 12:43pm Aug 8, 2011 12:43pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #515,405
- Aug 8, 2011 12:44pm Aug 8, 2011 12:44pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #515,406
- Aug 8, 2011 12:46pm Aug 8, 2011 12:46pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
The belly traders at the Merc have mostly retired now, but at one time where the most powerful. Thats because you had to have a full seat to trade the meats. So when they set up the International Monetry Mart(IMM)for currecies and eurodollars, and the Index and Option Mart (IOM) for S&P's, those belly and cattle guys got the sub seats for a song. They latter leased them out or sold them for hundreds of thousands of dollars. Also having the voting rights to those full CME seats gave them huge blocks of shares, and well you know where the stock went,...
- #515,407
- Aug 8, 2011 12:46pm Aug 8, 2011 12:46pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #515,409
- Aug 8, 2011 12:47pm Aug 8, 2011 12:47pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
All kidding aside: +1. And, they have genuine economic purpose.
the hell you say...
Look Sharp/Trade Tight
- #515,410
- Aug 8, 2011 12:49pm Aug 8, 2011 12:49pm
- | Joined Jul 2009 | Status: yo | 3,577 Posts
insane... SDS is up more than 12%.. 
- #515,411
- Aug 8, 2011 12:49pm Aug 8, 2011 12:49pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
The belly traders at the Merc have mostly retired now, but at one time where the most powerful... ...They latter leased them out or sold them for hundreds of thousands of dollars. Also having the voting rights to those full CME seats gave them huge blocks of shares when the finally IPO'd, and well you know where the stock went, to the moon. Anyway those guys made hundreds of millions of dollars in the end. BTW Terry Duffy, the current chairman was a cattle trader. I remember shooting the shit with him in the smokers lounge when he was still...
Always love hearing these stories, mate! Bar stools near a beach would make for a seriously fun week. Good stuff!
Edit: Actually...fak the beach...never really been a fan, but you know what I mean!
- #515,412
- Aug 8, 2011 12:49pm Aug 8, 2011 12:49pm
- | Joined Jan 2011 | Status: Trader | 2,078 Posts
the hell you say...
- #515,413
- Aug 8, 2011 12:50pm Aug 8, 2011 12:50pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
insane... SDS is up more than 12%..
Look Sharp/Trade Tight
- #515,414
- Aug 8, 2011 12:50pm Aug 8, 2011 12:50pm
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
the hell you say...
- #515,415
- Aug 8, 2011 12:51pm Aug 8, 2011 12:51pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
I never like to disagree with PipChick because she's usually right, but this looks too good to me to turn down. 30m EU chart, but looks just as valid on the Hourly. Bounced beautifully off the 786 fibo retracement. If this setup plays out, target is 4473.
A break of 4053 invalidates it.
A break of 4053 invalidates it.
- #515,416
- Aug 8, 2011 12:52pm Aug 8, 2011 12:52pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Fakking markets everywhere. Everything's for sale!
Always love hearing these stories, mate! Bar stools near a beach would make for a seriously fun week. Good stuff!
Look Sharp/Trade Tight
- #515,417
- Aug 8, 2011 12:53pm Aug 8, 2011 12:53pm
- | Joined Oct 2007 | Status: Trader | 2,760 Posts
but the question is:- why did people hire the muppets? probably cause they also were muppets
thats the moral of the story
muppets hire muppets
- #515,418
- Aug 8, 2011 12:53pm Aug 8, 2011 12:53pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #515,419
- Aug 8, 2011 12:54pm Aug 8, 2011 12:54pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
One day we will talk ) I bet we know the same people)
it is a small world...
Look Sharp/Trade Tight