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zdo
Market Wizard-
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Everything posted by zdo
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Let’s check with the past masters of propaganda Obama's Soviet Mistake - English pravda.ru President Vladimir Putin once said the following... centralized management at work ( and it's spreading even faster now!) Mainstream Media Finally Reports On GM's Channel Stuffing Scandal | ZeroHedge ie if you think forced transfer of ownership, partial / practical default on debt, and an infusion of taxpayer money that really will never be paid back fixed GM - then maybe just maybe you should put me on bignore...
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Someone in the milktoast thread questioned that food stamp ‘participation rates’ are a good indicator of economic conditions… America's Lost Decade In One Simple Chart | ZeroHedge One consolation though - The ‘left’ now has the economy of its dreams ...
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Trend Following Wizards - Red October | Au.Tra.Sy blog - Automated trading System State of Trend Following in November | Au.Tra.Sy blog - Automated trading System ...typical months in waiting-for-outliers-land...:missy: bobc (twins), now that Henry is going out, there’s plenty of space in this space for you “Do not pray for an easy life. Pray for the strength to endure a difficult one.” Bruce Lee.
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Nobody - NOBODY - speaks ty like ty :rofl: TedBits Newsletter: December 2012 - Volume 1 | Ty Andros | Safehaven.com
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Speaking generally – good luck! Getting more specific – good luck! It's very system specific. “such hedging strategies are required” or functional in only a very small set of systems. In the same vein “pay(ing) a slight premium” instead of getting flat only enhances the net of a very small set of systems. “Let's consider a scenario.. a trader is down $500”. Let’s finish the scenario… he’s hosed. Adding a $250 dollar “cap” or a $2500 “cap” isn’t going to save this trader. … because only a small subset of systems will work going down $500 per car intraday ES. You’re speaking generally about this “hedging” like it could be applied broadly. That is misleading. These tactics work in very limited subsets of systems. Accompany your assertions with one of the few systems it works with then you could generate a legitimate discussion about it ... from what I can garner from your other posts, your methods are not amenable to this 'dream'... I know what you're going through... been there... done that... for your system(s) prdctr, find your best loss points (most likely via live PA in your case) and take them... write us an article about attachment and loss... Omitting everything except Now that would have been a good post
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BobC, Re: “How do I do this?” Trend trading Requisites: Capitalization. Clear rules ->… and 'excessive' clarity about whether you are Pure Trend Trading or Trend ‘Following’ Trading, etc. If you are choosing Pure Trend Trading, then your trading analysis days are over. You are in the instrument selection business now. You will need to internally reframe how you process ‘obvious’ correlations between instruments. Most basically, day traders are ‘trapped’ in typically high (positive) correlation instruments. Trend traders are not. They seek the quasi correlated instruments then learn to minimize consideration of those correlations even further… only scratching the surface… (Acceleration and) Momentum / ‘action’ in the technical, day to day sense has to become meaningless in your perceptions and study of a market. It has to become noise… Plan on being in perennial moderate drawdown, occasional serious drawdown, then (too) short periods of geometric profits… rinse and repeat. In Pure Trend Trading, outliers are the edge – period. If you are choosing Trend ‘Following’ Trading, most likely you will end up doing extrapolations of the same things you are doing now… just on a longer time frame. … ostensibly longer elapsed time between ‘decisions’…. I’m on Ntrade now betting ‘good luck with that’ … while simultaneously sincerely wishing you good luck . Just by changing time frames / crowds, you may find it to be a total breeze to all of a sudden be able to “just wait until the market gives you an opportunity and then walk over to the corner and pick it up”… if so you are an exception. (And you are an exception, btw – but in that niche ??? ) With no apologies, the rest of this reply does not attend to your “How do I do this?”question. Have you considered adding new approaches instead of exclusively switching? Have you considered consciously, deliberately setting aside your short term framework for 30 – 60 minutes a day (at first) and gradually building the mindset it takes to be a good trend trader? If it is “true to your nature” to switch to trend trading, then I encourage you to go for it… but if it is “true to your nature”, then why haven’t you been doing it for your whole trading career? (and btw my friend, that is not just a smart ass question). Essentially, will 'it' really become noise ignored? Will you really drop the no longer necessary, now limiting, now contaminating, modes and skills you have developed? fwiw… this is from definitely a non trend trader who has been working on that ‘weakness’ for a long time now… even though ‘disciplined’ trend /seasonal trading actually kept me in business in the early days, it goes against my nature. The only trend trades I have ever 'enjoyed' / wholeheartedly committed to are my long term physical PM trades… give me an index chart anyday. Sorry this is brief … not much posting time today... 12.21.12 coming up and all...:rofl: zdo PS THE LONG TERM TREND is not the ONLY TRUE EDGE the retail trader has.
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This is Dume New Madrid fault... :rofl:
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… In that case, when you do your budgeting, probably best to go ahead and write down 66 – 98 % of your principle … fiat ‘depreciation’ + (partial) defaults + ... = approx ... still tripping over yourself to let me refinance at < 0 % rates ? ...supporting or "pursuing opportunities of the past only speeds the dissolution of any Status Quo that depends on spent models of growth." charles hugh smith-Pursuing Opportunities of the Past ... but that ain't dume...
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anecdotally speaking - from the set of 'cases' of this I've observed, the bottomline benefits AND the psychological benefits of FX 'perfects' are minimal :doh: ie below the surface, hedging a loss tends to prolong and reinforce the loss... ultimately ... usually ends up worse :crap: ie only 'hedge' winners. :helloooo: .. especially in FX ... just saying... The answers above are good...there are few really appropriate 'hedges' these days. One is owning phyical PM's and strategically hedging with futures... after 20 years at it i'm finally getting pretty proficient at it have a great weekend all
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that's a curious question MM For a moment step into 'creditor' What "haircut" would you be willing to accept?
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xjgper, Preface: First, I’m going to assume you have already allocated funds to ‘chasing love and lovers’ and that this ‘1k’ is actually purposed to trading. Here are some recommendations… With those funds, open a live account at OandA. Set the leverage at 10:1 Strip the right three numbers off the right of your Balance. In this example, you would be stripping 0.00 off of 1000.00 to get 100. 100 is the max size you would commit to any position. Note: That is ultimately NOT the right size for you in this account. It is simply a beginner’s starting place from which you adjust as you develop your own methods, how many different instruments you are in at once, etc, etc… how close you can run to optimal – f… Set the Default Stop at 115 points. Note: That is categorically NOT the right stop for whatever methods you develop. It is just an adequate starting place for a drop dead stop. Right out the gate one of your goals will be to never let the placed order stop be what got you out… but at least you will not be letting positions ‘get away from you’, ie as my flow coach says “go to the pain, not through the pain” Start exploring and learning the ways and methods that leverage you strengths, aptitudes, and inclinations/interests. Start testing the ‘timeframes’ you are compatible with, ie the ‘crowds’ you have affinity with and from there study the ‘crowds’ you are competing with. If you’re drawing a complete blank on ways based on your strengths, aptitudes, and interests, then the referrals to DBP’s publications (and threads) are better than most places to ‘begin’. Flit flit through to understand the basics of the various methods as quickly as you can… it’s an important, but temporary, stage… btw… you’re looking for the right questions, not the right answers One of the things you are avoiding with this recommendation is sim. Sim has its place, but in my experience it’s best applied after learning - not before learning… ie beware of the jet fighter or race car sim analogies to sim trading… they fall down more than they hold up. And yes, FX is a tough instrument class to learn in… get tough and courageous… if you can do it in FX you can do it in any class of instruments... takeaway from this paragraph = forget safety. get real, you're dealing in adverse, uncertain, ever changing external AND internal 'environments'. Now why would I tell you, a raw beginner, sht that 90% of the ‘good’ posters disagree with and would never recommend? I tell you this stupid bs because I have never seen it fail to reveal the truth! It reveals your real truths for you to see for yourself and keeps you from paying that 1k in ‘tuition’ … and what if it were 100k?you sure wouldn’t want to pay that in tuition would you … (blowing up many-k accounts is not a fun hobby… blowing up any account is not a fun hobby…) ...and guess what - you’d best be learning how to trade like you’re trading ANY account size… so - every time the remaining chars change you strip off the right three chars to increase (or decrease ) your size … and you can add money to this account and still strip off the right three chars to get your new size … and if you ‘practice’ while you’re ‘playing’ well enough, you can gradually (and/ or rapidly) progress on to FCM accounts. zdo
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BlueHorseshoe, excellent points … reminded me of charles hugh smith-When Escape from a Previously Successful Model Is Impossible … ‘confined’ environment(s) may be a good place to start describing a whole bunch of the potential dume zdo ps: btw consensus 'appearances' aside - that is not thriving :helloooo:
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Yep… only one of many. The “end of the world scenario” does remain out in the tails. In my analysis, we're coming up on 160 years in the current 'crisis'. The duming I’m duming is because, for far too many, the highest probability is that we will continue to maintain the status quo … I personally just don’t see it lasting 100’s (or even 10’s) of years. Paraphrasing a TL poster in the Doom and Gloom thread `Things aren’t dire… We can print money for 20 more years before a real reckoning’ … Even ‘primitive dumb ignernt’ american indian nations did something ‘now’ if they knew something harmful to next or future generations was coming… but today, for some reason, it’s best to not join in any questioning of the way things are… of the status quo… just be cbs-reasonable with your lies… never inflammatory… The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies party on bitchez :rofl: Guest Post: We're Heading For Economic Dictatorship | ZeroHedge
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[elliot wave] Apply Elliott Theory to Stock Index / Please Helps
zdo replied to sharehunter's topic in Technical Analysis
USD/JPY: Lemons into Lemonade | Elliott Wave International | Safehaven.com -
double posting this for its dume appeal [ame=http://www.youtube.com/watch?v=wJdgudIUHzs]The Day the World Ended - WW3 Simulation - YouTube[/ame]
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Who is the idiot who said “we’re already over the cliff”… that the landing is the issue now… ??? Cliff… why cliff imagery? What happened to declining ala going down a steep hill? Are your perceptions being manipulated? How many posters would actually say “we don’t have to reach a deal” ? charles hugh smith-The Fiscal Cliff and the Grand Bargain ... and why are there always 3 guests on every thread I go to now
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It seemed to me that the participants of the Doom and Gloom ??? thread in the Trading and The Markets subforum were simply not committed, so I figured it best to start a Dume thread… Glume is not necessary, btw.
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7) Iran (and the whole region for that matter)... there will be a war, i'm sure of it. and it's not a healthy war! it is sick actually. US' external policies are always just vomitingly sick!... FutureMoneyTrends.com/TheEnd [ame=http://www.youtube.com/watch?v=wJdgudIUHzs]The Day the World Ended - WW3 Simulation - YouTube[/ame] dotdotdot
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Predictor, What if you reset BidVsAsk column at a not so optimal/‘wrong’ time or price? Can you go back where it was previous to reset? ie Revert to pre reset? thx, zdo
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mitsobiche, yur spmelling is mor bettr then hiz
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He come staggering in Today, 05:04 AM I was thinking Tequilla Sunrises
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u spel good [i hope you don't smell like you spell]
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...not that I was discounting 'i-ntitlements' Why $16 Trillion Only Hints at the True U.S. Debt - Yahoo! Finance No posts in this thread are doomy enough - cmon ppl :rofl: 12/__/12 is coming up fast!
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only 36 posts in a Doom and Bloom thread? and a bunch of them are about i-ntitlemnts... in this forum, we are way too optimistic http://sibileau.com/martin/2012/11/22/anatomy-of-the-end-game/ Hey, at least this guy cops to his 'assumptions'