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  • #11,721
  • Sep 13, 2012 5:18pm Sep 13, 2012 5:18pm
Quoting Holy Cow
one more point. I am not predicting. I am reacting.
This is the correct mindset a trader needs to have in my opinion.
Quote
"I never try to predict or anticipate. I only try to react to what the market is telling me by its behavior." - Jesse Livermore
Same shit has worked for 100+ years and the same shit will work for the next 100+ years.

I also agree with shomari though, show some charts instead of your account status.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #11,722
  • Sep 13, 2012 5:22pm Sep 13, 2012 5:22pm
Shomari,what is CDS and COT? I have no idea what are those? Heat map I had no idea bout it either.
I think it doe snot matter how each trader makes a decision based on fundamentals, technicals, momentum change or something else. What matter is results. so, why to argue. Let's post trades and keep things interesting.
I liked you videos It exactly reflected market behavior after FCMO released the hounds


Quoting shomari
Now Cow listen,for crying out loud, Google the shit I told everyone to Google and you'll understand what we're talking about. (THAT GOES FOR EVERYONE)

It's not rocket science for peat sake. Data = decision.

If some chick is gonna kick you in the nuts,= you place your hands on your balls and wait for impact (yes. I'm on my 5th pint ). The markets are the same, if there's no demand=short comms, if financial meltdown=JPY, USD, CHF long. I mean for fuck sake guys will you please really google the stuff I said and read it? Please. Then we'll...
  • #11,723
  • Sep 13, 2012 5:24pm Sep 13, 2012 5:24pm
Quoting Holy Cow
Shomari, I also want to point that many trades retrace against me very considerably more than half of pips and I still stay put and do not take profits. some guys close trades right away, start rationalizing about why they should take profit... If I am not mistaken Jesse Livermore told that he made more money by sitting than by trading

That's the whole problem Cow. If you had been watching your COT charts you would have cashed out at the bottom and would have now been collecting pip because you would have went the opposite direction and picked up those pips.
Trendscanner, heatmap, COT charts, daily fundamental news are key tools in your trading arsenal.
  • #11,724
  • Sep 13, 2012 5:43pm Sep 13, 2012 5:43pm
Here are my today's entries:

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.JPG Size: 223 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.JPG Size: 217 KB


eurnzd I actually was waiting to go long until I saw new developments.

gbp/nzd I was watching but did make decision only at the last moment. was long both pairs and trailing stop got hit yesterday and tonight.
Nothing special. basic stuff actually.

Quoting zusch
This is the correct mindset a trader needs to have in my opinion.

Same shit has worked for 100+ years and the same shit will work for the next 100+ years.

I also agree with shomari though, show some charts instead of your account status.
  • #11,725
  • Sep 13, 2012 5:46pm Sep 13, 2012 5:46pm
Shomari , it is actually not my problem at all cause I am a different kind of trader. i am not all over the place. and I am not glued to the screen either. Pretty lazy way of trading actually.
I am trend follower, not pip hunter. I follow trend as long as trend is making me pips and I have no signal against me I stay put. If retracement gives signal against me I will move stop and let market decide.

Quoting shomari
That's the whole problem Cow. If you had been watching your COT charts you would have cashed out at the bottom and would have now been collecting pip because you would have went the opposite direction and picked up those pips.
Trendscanner, heatmap, COT charts, daily fundamental news are key tools in your trading arsenal.
  • #11,726
  • Edited 9:14pm Sep 13, 2012 5:51pm | Edited 9:14pm
Quoting Holy Cow
Shomari,what is CDS and COT? I have no idea what are those? Heat map I had no idea bout it either.
I think it doe snot matter how each trader makes a decision based on fundamentals, technicals, momentum change or something else. What matter is results. so, why to argue. Let's post trades and keep things interesting.
I liked you videos It exactly reflected market behavior after FCMO released the hounds
OK,now I get it.... CDS (Credit default swaps, shows us how major players feel about a country's prospects going forward) look for the ones related to countries, not commpanies etc. COT chart ( Commitment of Traders report) comes out every week and shows what the big dogs bought and sold (basically)
That's why I said, TO EVERYONE, GOOGLE THAT FUCKING SHIT. IT'S ALL RIGHT THEIR FOR ANYONE TO LEARN ABOUT AND READ.
People seem to think there's some big secret to this or something, like we need to keep the data between "just a chosen few"or some shit. Fuck it's all out there already. If someone were hiding something from you guys there would be no Forex Factory telling you the daily news now would there?
We don't need to hide the data cause the stupid and lazy will fall away eventually, and only the informed remain.
  • #11,727
  • Sep 13, 2012 5:56pm Sep 13, 2012 5:56pm
Quoting Holy Cow
Here are my today's entries:

Attachment

Attachment

eurnzd I actually was waiting to go long until I saw new developments.

gbp/nzd I was watching but did make decision only at the last moment. was long both pairs and trailing stop got hit yesterday and tonight.
Nothing special. basic stuff actually.
Yes we ARE waiting for the move, but remember, Fridays create the closing wick on the W1 bar, so trades today are not really an indicator of next weeks moves.
That's why until Tuesday next week, it's all a guessing game.
  • #11,728
  • Sep 13, 2012 6:05pm Sep 13, 2012 6:05pm
Ok, got it. CDS is what Buffet called financial weapon of mass destruction.

Never watch them. This cat can be skinned using various ways and COTs and CDS do not have to be on every trader's menu. All depends what you are doing. For some it may be useful.

Quoting shomari
OK,now I get it.... CDS (Credit default swaps, shows us how major players feel about a country's prospects going forward) look for the ones related to countries, not commpanies etc. COT chart ( Commitment of Traders report) comes out every week and shows what the big dogs bought and sold (basically)
That's why I said GOOGLE THAT FUCKING SHIT AND STOP ASKING ME TO FUCKING EXPLAIN IT. IT'S ALL RIGHT THEIR FOR ANYONE TO LEARN ABOUT AND READ.
You seem to think there's some big secret to this or something, like we need to keep the data between...
  • #11,729
  • Sep 13, 2012 6:07pm Sep 13, 2012 6:07pm
Quoting shomari
Yes we ARE waiting for the move, but remember, Fridays create the closing wick on the W1 bar, so trades today are not really an indicator of next weeks moves.
That's why until Tuesday next week, it's all a guessing game.
Yeah, sure, everything can change but again, you are watching wicks and I am watching something different. as I say everybody trade differently.
  • #11,730
  • Sep 13, 2012 6:18pm Sep 13, 2012 6:18pm
Quoting shomari
That's why I said GOOGLE THAT FUCKING SHIT AND STOP ASKING ME TO FUCKING EXPLAIN IT. IT'S ALL RIGHT THEIR FOR ANYONE TO LEARN ABOUT AND READ.
You seem to think there's some big secret to this or something, like we need to keep the data between "just a chosen few"or some shit. Fuck it's all out there already. If someone were hiding something from you guys there would be no Forex Factory telling you the daily news now would there?
We don't need to hide the data cause the stupid and lazy will fall away eventually, and only the informed remain....

This was uncalled for and generally you show ungentlemanly behavior man.
I am seriously dissapointed.
  • #11,731
  • Edited 9:01pm Sep 13, 2012 8:41pm | Edited 9:01pm
Quoting Holy Cow
This was uncalled for and generally you show ungentlemanly behavior man.
I am seriously dissapointed.
No bro, this wasn't directed at you particularly, it was meant to sallyit was how my frustration with guys still not knowing this stuff when litererally it was posted a few posts before.
I think I may have grossly screwed up that post.
It was meant on a macro level, I was trying to express my frustration with people not knowing this stuff and for everyone to just please Google the terms I wrote before.
I totally messed up that post.
I meant for EVERYONE to please Google the stuff so we can get beyond explainations and all have a common understanding.
I'm really just trying to help everyone succeed bro I'm sorry, that post came across fucked up. I didn't mean literally stop asking me about fundiesI was trying to express my exasperation of people not reading the stuff.
AGAIN THAT POST WAS NOT MEANT FOR ANY ONE PERSON. JUST A GENERAL FEELING OF MY FRUSTRATION OF GUYS CONTINUING TO ASK ABOUT THIS STUFF INSTEAD OF JUST LEARNING IT ONCE AND FOR ALL.

Sometimes I get lazy and I just pick a post and kind of comment on it but then use it to say something else to everyone not that particular person.

And of course, I am always here to help I will answerany question, you know that. My bad bro, I reedited the post to say what I meant.
  • #11,732
  • Sep 13, 2012 9:13pm Sep 13, 2012 9:13pm
FOMC press conference.....Enjoy .

http://www.c-span.org/Events/Ben-Ber...10737434048-1/
  • #11,733
  • Sep 14, 2012 2:06am Sep 14, 2012 2:06am
That's ok dude.
I will be straightforward, I cannot trade the kind of data you and Skynet can. I have different mental abilities and different personality. I am not arguing about the value of fundamental analysis long term but I cannot use it. It would freeze me. On the other hand most of the time I am very forceful and decisive with my trading. No hesitation. because I keep things simple. i posted charts and it is what I use. nothing else.

Quoting shomari
No bro, this wasn't directed at you particularly, it was meant to sallyit was how my frustration with guys still not knowing this stuff when litererally it was posted a few posts before.
I think I may have grossly screwed up that post.
It was meant on a macro level, I was trying to express my frustration with people not knowing this stuff and for everyone to just please Google the terms I wrote before.
I totally messed up that post.
I meant for EVERYONE to please Google the stuff so we can get beyond explainations and all have a common understanding....
  • #11,734
  • Sep 14, 2012 2:07am Sep 14, 2012 2:07am
They are basically shoving 84-85 billion a month. I wonder where those money come from? press must be working hard now.
  • #11,735
  • Sep 14, 2012 2:18am Sep 14, 2012 2:18am
trades are moving well. stops are all but eur/nzd at BE and eur/nzd I moved too because of weekend talks. risk 0.3% now. it is not a good thing to do, but I am not sure if I can access PC soon enough and it is only laptop.
I have started demo trading different method. also trend following but a different one. less entries. I started recently so do not have other trades, it is what signals I have got.
this one has far less entry signals though.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: trades demo.JPG Size: 34 KB
  • #11,736
  • Sep 14, 2012 2:41am Sep 14, 2012 2:41am
Quoting joaoborras
Hi Shomari. Thank you for the always very informative posts.
Is there a place where we can find charts of CDS and bond yield spreads?

Thank you!
Joao Paulo
Sorry it took so long for me to answer. Yes bloomberg website has CDS charts, honestly when it comes to bond auctions I usually just follow the news report on ff homepage. (bonds you don't need realtime info, just knowledge of the price is good enough). I hope that helpd. Do a search of the thread, if I remember correctly Skynet posted some links to CDS and various other indexes.
  • #11,737
  • Sep 14, 2012 2:47am Sep 14, 2012 2:47am
Quoting Holy Cow
They are basically shoving 84-85 billion a month. I wonder where those money come from? press must be working hard now.
Who, is shoving 85 bil ?
  • #11,738
  • Sep 14, 2012 2:48am Sep 14, 2012 2:48am
Quoting shomari
Who, is shoving 85 bil ?
BEN!!!!!:nerd:
  • #11,739
  • Sep 14, 2012 3:57am Sep 14, 2012 3:57am
Quoting Holy Cow
BEN!!!!!:nerd:
Yep
  • #11,740
  • Sep 14, 2012 4:19am Sep 14, 2012 4:19am
Quoting shomari
Sorry it took so long for me to answer. Yes bloomberg website has CDS charts, honestly when it comes to bond auctions I usually just follow the news report on ff homepage. (bonds you don't need realtime info, just knowledge of the price is good enough). I hope that helpd. Do a search of the thread, if I remember correctly Skynet posted some links to CDS and various other indexes.
Hi Shomari.
Thanks for your asnwer. I will study the entire thread from now on.
Until now, had only a "birds eye view". But I think it is fantastic because I always "knew" that fundamentals plays a great deal in the trade but I have not a clear idea on how to follow it or make sense of it.
I think market correlation is a great tool to learn the capital flow among the various markets.

Again, thank you for all the good information!
Joao Paulo
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