piker
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No problem, you will lose.
Last hint: For price to move higher it needs to make new highs, for price to move lower it needs to make new lows. Now look at Monthly chart.
No problem, you will lose.
Last hint: For price to move higher it needs to make new highs, for price to move lower it needs to make new lows. Now look at Monthly chart.
GladiatorX
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Do you plan to take £1 million investments and trade it in a Spreadbetting account, using @ market orders to execute trades?
Or do you plan to move to exchange markets, which you've demonstrated you don't understand the mechanics of, with that £1million investment?
GladiatorX
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You don't care about HOW the mechanics of the market works? I can see the investors are getting excited to give you their money!
I bet you don't even know how a market moves... How does a market move up one tick? Without being sarcastic and saying ' It goes up 1 tick' - See if you know the answer or not, i'll fill you in if you don't.
rite but my point is
1) ur not trading the actual market, if your just trading for yourself thats fine, if you want to do anything else with trading it isn't
2) they are similar when your trading small amounts but to say they are the same thing isn't right and i also thought from what you were saying that this kind of difference is relevant.
1) ur not trading the actual market, if your just trading for yourself thats fine, if you want to do anything else with trading it isn't
2) they are similar when your trading small amounts but to say they are the same thing isn't right and i also thought from what you were saying that this kind of difference is relevant.
GladiatorX
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In regards to the DAX and me checking the monthly chart;
I'm so sure and closed-minded to the idea that money management can give you an edge that i'm not even going to have a peek. Its a fact, its like you saying ' No the sun doesn't exist check the sky' i wouldn't bother.
My guess is you don't even know what the DAX is, how its constructed, what its main constituents are and what derivatives there are. The funny thing is you think these things don't matter; Your telling me that a day-trader cannot get investments, but then you really think people that don't know anything about the markets they are trading get investments?
I'm so sure and closed-minded to the idea that money management can give you an edge that i'm not even going to have a peek. Its a fact, its like you saying ' No the sun doesn't exist check the sky' i wouldn't bother.
My guess is you don't even know what the DAX is, how its constructed, what its main constituents are and what derivatives there are. The funny thing is you think these things don't matter; Your telling me that a day-trader cannot get investments, but then you really think people that don't know anything about the markets they are trading get investments?
Benton D Struckcheon
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May I just interpose re the weekly planning question that I do actually look, during the weekend, at the Bloomberg Economic Calendar to see what the announcements are for the coming week, and if I'm in a stock I will want to know if it's reporting earnings or has some other important announcement scheduled for the week ahead as well.
I also save the Monday FT for the economic calendar it publishes in the back each week. And as I swing trade my long/short bias, if I have to switch that, I plan out how to do that as well at the end of each day for the next day. Other things I plan might be a need to roll over expiring options, or maybe add or subtract a hedge for whatever reason.
If you're strictly intraday and don't hold overnight you don't have to plan. Otherwise, I don't see how you can go without it.
I also save the Monday FT for the economic calendar it publishes in the back each week. And as I swing trade my long/short bias, if I have to switch that, I plan out how to do that as well at the end of each day for the next day. Other things I plan might be a need to roll over expiring options, or maybe add or subtract a hedge for whatever reason.
If you're strictly intraday and don't hold overnight you don't have to plan. Otherwise, I don't see how you can go without it.
GladiatorX
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Earnings.com is a good website for this type of stuff too Benton. Check it out.
piker
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GladiatorX
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Rofl; its a fact that your trading an OTC market with one Liquidity provider... Not the real DAX; Your not buying DAX constituents in a basket or trading a futures or options derivative.
piker
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Last hint: For price to move higher it needs to make new highs, for price to move lower it needs to make new lows. Now look at Monthly chart.
GladiatorX
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For price to make new highs; the liquidity offering to trade @ the best ask needs to be completely filled through @ market orders to buy, thus clearing the liquidity. If a further trade then occurs at the next best ask, price will have gone higher according to the last traded price....
****ing hell this isn't a rich person competition, but again i would doubt you have met as many rich people as me lol just to annoy you
right i know cos i e-mailed people who work at asset managers and talked to people who work at investment banks personally, schroders, morgan stanley and ballie gifford...i'm at uni and i'm going for an internship next year...so i have made myself aware of what is and what is not useful.
actual example: trader_dante went to futex, he was the superstar of t2w but didn't trade dma...what happened? he never got off the sim...but the point is that they weren't instantly like ur an amazing trader and threw a wad of £50s in his face...i'm not criticizing him in any way but my point is is that spreadbetting isn't the actual market and there are numerous faults with it.
right i know cos i e-mailed people who work at asset managers and talked to people who work at investment banks personally, schroders, morgan stanley and ballie gifford...i'm at uni and i'm going for an internship next year...so i have made myself aware of what is and what is not useful.
actual example: trader_dante went to futex, he was the superstar of t2w but didn't trade dma...what happened? he never got off the sim...but the point is that they weren't instantly like ur an amazing trader and threw a wad of £50s in his face...i'm not criticizing him in any way but my point is is that spreadbetting isn't the actual market and there are numerous faults with it.
piker
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Why bother yourself with what needs to be done for price to move higher or lower? Trends will carry prices higher or lower, you follow. Perhaps it's because you are so wrapped round intraday concepts you fail to see sense of how higher frames operate.
piker
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This world is about who you know, not how you ask. I know people that would provide capital, be it for pro gambling or buying selling cars. Wakey wakey.
RIte but i answered ur question.
GladiatorX
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HTF operate same as LTF in terms of how the mechanics of the markets facilitate supply and demand. Your the one that doesn't understand their operation, not me.
As i said; You probably don't even know what the DAX is
Why does a trend carry price higher? Thats YOUR theory, not fact. By the mechanics of the market, a trend does not theoretically force markets higher. Only what i said can make a market go higher, nothing else.
piker
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Last hint: For price to move higher it needs to make new highs, for price to move lower it needs to make new lows. Now look at Monthly chart.
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piker
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As an example of how money management only approach works I am short EUR/USD 1.4655, there is no stop, I will go long if EUR goes 1.5150, target either way is +1000 pips. Initial loss limited to -0.5% of capital @ 10 pence per pip. Trade is based on November 2009 support/resistance levels.
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B
Black Swan
Pikey this was you on this other thread wasn't it?
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Join Date: Dec 2009
Looking for a mentor
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Hello, I would like to offer £1000 mentor fee to a person that can teach me or rather show me a way to make consistent profits by holding positions from 1-3 day periods, basically I don't want to learn how to scalp. I have been observing market behavior patterns since 1999, yet can't seem to find a way to be profitable. The reason I am offering only £1000 is because I can't afford any more as I am bringing up 2 young children and other money is reserved for trading capital, which isn't much anyway. Without sounding rude I would like to point out that I will not be able to accept propositions from people that don't have brokerage/sb statements for last 3 years. I understand that it may be asking for a favour by offering to pay just £1000, hopefully one day I will be able to return this favour. Thank You.
Piker
http://www.trade2win.com/boards/first-steps/81648-looking-mentor.html
