The Mycroft Algoman Thread

[Vasco da Banana]

No delusion, just, whereas he is at constant risk, I am not.

He may be using 'skill' but that is no substitute for knowledge and guile.

A whole week of skill and he's less than 3large up... a couple of minutes each day, and an apparent zero skill quotient and I'm up almost three times his figure.

I'll stick to my way thanks all the same.

Hint:- It's all about making money... 🙂

Knowledge and guile are part of the skill. Using this, he will probably make consistent gains over weeks, months and years. Your pet chimpanzee would be able to spend a few minutes pressing random keys and make £8k once or twice in a row.

 

[Mycroft Algoman]

Knowledge and guile are part of the skill. Using this, he will probably make consistent gains over weeks, months and years. Your pet chimpanzee would be able to spend a few minutes pressing random keys and make £8k once or twice in a row.

I'd like a monkey that could do that!

I've been at it a while now, no losses to date, not one, nada, zilch... that's 4 months nearly.

The algos can't deal with Countervailing Positions and the quants can't devote enough time to find my Stratified CPs...

I think every week I'll post up a thread like that one and show you just how to do it... perhaps then you won't be quite so keen to consider 'yourself' a monkey... >smirk<

 

[barjon]

No delusion, just, whereas he is at constant risk, I am not.

He may be using 'skill' but that is no substitute for knowledge and guile.

A whole week of skill and he's less than 3large up... a couple of minutes each day, and an apparent zero skill quotient and I'm up almost three times his figure.

I'll stick to my way thanks all the same.

Hint:- It's all about making money... 🙂

Hey... get some money back and go long today and wait for the 'Janet' effect.

Back around the 15,000 today/this evening is an 85%ile.

This call you mean? Sort of disproves your theory, though, doesn't it? Everyone and their mother's uncle was "recognising" the same thing (including DAX who tabbed the turn to the point) so I guess it was abject failure for the algos not to have thwarted everyone.

 

[Mycroft Algoman]

No, the algos dragged it down prior to the lift out... that got rid of enough specs.

The initial drop was predictable and I made money from it, in fact for SCP trading it doesn't matter if the market goes up or down, so long as during the day it does both you can't lose and if it fails in one direction you stratify out and still come out winning handsomely.

As the boards rely more and more on algos there will be only one way to trade that is certain to make money and that is through SCP.

 

[barjon]

No, the algos dragged it down prior to the lift out... that got rid of enough specs.

The initial drop was predictable and I made money from it, in fact for SCP trading it doesn't matter if the market goes up or down, so long as during the day it does both you can't lose and if it fails in one direction you stratify out and still come out winning handsomely.

As the boards rely more and more on algos there will be only one way to trade that is certain to make money and that is through SCP.

.....but everyone's been climbing aboard the lift off so how come the algos have let it go nearly 300 today without killing everyone off?

 

[Mycroft Algoman]

I did post how this works previously too, it is called filling the coffers, the present drop has been entirely about culling the specs. and each small rise like today is to see how strongly much confidence has been damaged as a result.

The market is headed for 16000 this year, but to do that the algos are going to take as much as they can by 'margin breaking'.

Works well.

 

[Vasco da Banana]

I'd like a monkey that could do that!


I've been at it a while now, no losses to date, not one, nada, zilch... that's 4 months nearly.

The algos can't deal with Countervailing Positions and the quants can't devote enough time to find my Stratified CPs...

I think every week I'll post up a thread like that one and show you just how to do it... perhaps then you won't be quite so keen to consider 'yourself' a monkey... >smirk<

Don't worry, you can use a fluffy kitten or an aardvark if you want. Even a dead parrot will do if you give it a nudge.

100% winners for four months, eh? Even Mike Bagasloopy would be proud of that.

 

[DAX30DayTrader]

Took a look...

Noticed this:-



I've made £8400 in the same time... I made all his weeks profit (and a fair bit more!) in the last 30 hours... still, he's done well!

Look at the last 30 hours on this thread...

http://www.trade2win.com/boards/spread-betting-cfds/179766-2400-down-counting-2.html

No delusion, just, whereas he is at constant risk, I am not.

He may be using 'skill' but that is no substitute for knowledge and guile.

A whole week of skill and he's less than 3large up... a couple of minutes each day, and an apparent zero skill quotient and I'm up almost three times his figure.

I'll stick to my way thanks all the same.

Hint:- It's all about making money... 🙂

I'm not really wanting to get involved in this thread, but since my name was brought up I will make a post.

A: He may be using 'skill' but that is no substitute for knowledge and guile.

All of my trading decisions are based on my analysis and skills which I have been taught by a ex-LIFFE trader, though that may not seem glamorous or be the highest form of education, it works for me and has continued to work for me over the past 2 years I have been full time trading the DAX.

Don't get me wrong, I'm certainly not claiming to know it all or be the beef prime. I only specialise in the DAX, so I guess you could call me a one trick pony. But what I do know and what I have learned skill wise, pays the bills, puts food on my table and allows the little luxury's in life to be afforded. Thats all that matters to me.

B: A whole week of skill and he's less than 3large up... a couple of minutes each day, and an apparent zero skill quotient and I'm up almost three times his figure.

I'm not going to get involved with a debate about my dad has more money than your dad, etc etc. I trade between £10 per point and £20 per point becasue it makes enough money for me and I'm happy with the risk I place on my trades. If and only if I wanted to trade larger, I could go a bit more, but why move outside my comfort zone when I make more than enough each month and each year, I don't need the stress in trying to be a high flyer, my last 2 years returns would turn a few heads in any case.

All the best though, just putting my side of things across.

 

[Mycroft Algoman]

You're cool with me, D30, just pointing out to the numpty that there are many ways to trade, I do it with CP or SCP, I too only trade £10pp (though both short and long) and make £5-6k per week average.

But do it almost exclusively on the DJI.

 

[Mycroft Algoman]

BTW D30, there is nowt wrong with being a 'One trick pony' (I am one too) the important bit is that the f*ing trick works and it seems it does for both of us... 🙂

 

[timsk]

In just over thirty 30 hours I have made £3,281 at no point was I 'down' more than £36.50.

Hi MA,
Given your prowess, you'll have no problem in cleaning up by participating in the T2W monthly competition. The prize will mean next to nothing to you in terms of monetary reward, but the kudos and admiration from fellow T2W members will be priceless. So, get stuck in and show us all what you're made of: The Trading Game - Oct 2013: Week 2. Rules of the game are explained here: The Trading Game.
Tim.

 

[Mycroft Algoman]

Not being funny... kudos in the eyes of some I've encountered here would be worthless.

I'll just post up the odd bit like the above each week, something that if followed will make £2000-£3000, I don't want money or kudos, I make enough money and I already have a high enough opinion of myself (I think most here will readily agree with the latter part of that statement 🙂 ) so you play games all you want with my best wishes.

Cheers!

 

[Purple Brain]

I understand perfectly what Algoman is saying.

At last, someone who has credibility and the intellectual perspicacity to lead us out of the darkness.

Mr. Charts as you clearly understand what Mycrof is saying and have proven without doubt your ability to make simple even the most complex of trading issues, would you step in here and provide us with a brief synopsis of what he's been banging on about?

 

[Purple Brain]

I've made £8400 in the same time... I made all his weeks profit (and a fair bit more!) in the last 30 hours...

I know you won't see this as you've got me on ignore (or at least you said you said you had anyway), but you've just thrown yourself a lifeline Mycroft. Perhaps another member can let you know what I'm suggesting.

Simply explain, ahead of time, precisely how you're using your too-complex-to-explain-to-the-profane knowledge to make money in the markets - a specific trade. Nobody will know your secrets because even if you told them they still wouldn't understand. But we would all, after all this time, have grudging respect for an idiot savant who through totally incomprehensible to the rest of the human race, could still make money in the markets.

Think John Nash, but without the intrigue, charisma or any real interest. Or film rights.

 

[Purple Brain]

The algos can't deal with Countervailing Positions and the quants can't devote enough time to find my Stratified CPs...

Warp factor 5 and warble the quantum murdle flarber blasters Mr. Spock.

 

[Purple Brain]

BTW D30, there is nowt wrong with being a 'One trick pony' (I am one too) the important bit is that the f*ing trick works and it seems it does for both of us... 🙂

We all knew you didn't really have me on ignore. A troll needs his detractors to keep going. They're his lifeblood.

And don't come up with any fancy footwork to explain how you knew what I posted even though I am on ignore. You're busted.

Had you read what I said thoroughly rather than skim like a dilettante you would have realised I said "You are one trick short of a one trick pony". Do the math.




Apologies to LV - I clearly don't have the discipline.

 

[Vasco da Banana]

All we need now is his previous nickname.

 

[timsk]

Not being funny... kudos in the eyes of some I've encountered here would be worthless.

MA,
Anyone can - and over the years lots of people have - come on here and claimed all kinds of impressive feats such as teaching advanced maths, writing algos and making thousands of ££££s every week. Like you, they all have inflated egos and think they're better than us mere mortals. And, also like you, they declined to take up the challenge to walk the walk rather than just talking the talk. It's a familiar pattern. As I've said before, if you want to break the mould and be taken seriously, the onus is very much on you to change the way you interact with other members - not the other way around. Until you do that, everyone will assume you're here for the lulz, which is fine so long as you confine yourself to The Foyer.
Tim.

 

[Mr. Charts]

At last, someone who has credibility and the intellectual perspicacity to lead us out of the darkness.

Mr. Charts as you clearly understand what Mycrof is saying and have proven without doubt your ability to make simple even the most complex of trading issues, would you step in here and provide us with a brief synopsis of what he's been banging on about?

As I said in post #57, "That's cos you ain't smokin what I za smokin, dood. "

PS Welcome back in your latest re-incarnation, "Mycroft" 😆

 

[Vasco da Banana]

As I said in post #57, "That's cos you ain't smokin what I za smokin, dood. "

PS Welcome back in your latest re-incarnation, "Mycroft" 😆

Yes, we need people like Algoholicman to keep T2W alive.