zdo

Would A Ponzi By Any Other Name Smell As Bad? | ZeroHedge Diabolically continuing with the "there is no next" theme... "...it reflects a peculiarly American trend of burying-in-the-sand Ostrich Think, so prevalent among mainstream publications: An unwillingness – bordering on inability – to look at financial news in a cold light, and see what it actually means, rather than what we hope and pray it might be." – GONZALO LIRA

This is a moving on from the Italy is Going to be Next thread at http://www.traderslaboratory.com/forums/market-analysis/11067-italy-going-next.html and related threads and discussions ...I hinted over there that it’s not Greece, it’s not Italy,… etc…. it’s not Europe … it’s the whole Earth bound up into one big continuing ‘next’ disturbing micro news http://www.zerohedge.com/news/previewing-nars-humiliating-multi-year-existing-home-sales-downward-revision http://www.zerohedge.com/contributed/greatest-risk-retail-commercial-real-estate-sovereign-debt-macro-headwinds-popping-bubbl The system is being forced to acknowledge (but not really deal with) the debt, private and sovereign. It still only has to give occasional lip service to how the players will deal with each other when the derivatives issue must be contended with. (you know… the one with all the extra 0000000000’s on the end) For now, the assumption is that the taxpayers (that’s you) will pay for the mistakes of the governments and businesses… even if you may have to be enslaved… http://www.washingtonsblog.com/2011/12/constitutional-expert-president-obama-says-that-he-can-kill-you-on-his-own-discretion-he-can-jail-you-indefinitely-on-his-own-discretion.html but ‘he’ should remember… if ‘he’ can, so can ‘we’. http://blogdredd.blogspot.com/2011/10/germ-theory-of-government.html http://blogdredd.blogspot.com/2011/12/germ-theory-of-government-2.html just in case you want to think… http://www.safehaven.com/article/23738/mainstream-economists-monetary-insanity and finally having worked through all that micro crap setup... at minute 6: etc From within - killing 4,5, or 6 of the killer apps http://www.zerohedge.com/news/how-readtip-zero-hedge-without-attracting-interest-human-resourcesthe-treasuryblack-helicopt

Tasuki, Dude! where have you been? re emini watch Nothing ‘wrong’ with these products. Reasonably priced. but… Are the “Better_” ‘s really better? Better Sine Wave… it’s going to have to be tremendously better to overcome the over- simplification of ‘sine wave’ crap to begin with… randomly it will be in-synch (like in the cherry picking screenshots) about 10% of the time …not to mention lag… and not to mention…. ie it may be a better sine wave, but it will always be a very, very stupid solution for cycles work. Better Volume… He released the code way back when… it’s “better” … but better than what?  … not even better than the most rudimentary VSA, etc Better Trin… ok. but again. better than what? If one is really into Trin, it’s better to roll your own ‘better’ indicator Better Momentum… it’s probably not nearly as adaptive as it is billed… ie it’s better sometimes… Better ProAm … definitely better than nothing… still it’s rudimentary VSA … might be a good place to start but, speaking from experience, ultimately he’ll have to roll his own if he’s really into transaction (size, etc) analysis Better Trendlines… are better than nothing at all. (… and what happened to the Better Triangles? ) If your friend knows these are the tools he will be using then (for all but a tiny few), they are definitely more cost effective (and easier) to buy than they are to code from scratch. It’s probably better for him to buy them a la carte instead of the package because most likely will never use more than two of them consistently… I would suggest the last two on the list above have any value at all to the noob or developing trader… zdo

… and thank you Tim … discussed this earlier in the thread – I’ve watched many noobs think they get this but they really don’t get it… ever :haha:… as for dealing with future ‘flames’ Future Riot Shields Will Suffocate Protestors with Low Frequency Speakers coming to a thread near you… First Amendment Under Attack: 18 Examples Of How They Are Coming For Our Free Speech - BlackListedNews.com

Hm, seems to me about 90% of new traders show up already thinking that. TITZ (and 98% of books, the internet publishing, and forum posts also) may reinforce that thinking, but “lead”? You’re right, TITZ doesn’t really fish out “edge” properly. Positive expectancy across a stat significant sample, etc… while these concepts and terminologies click cognitively to sufficient degree for most, they don’t ever become ‘real’ for most. For many, the ways in which he describes 'risk acceptance' will also make sense, but never really click... TITZ misses covering one important point for sure. "Edge" management. MD doesn't really get down to the imbedded emotional components involved in real 'probability thinking'. In every “sample” of trades, there are going to be one or two that present unusual challenges that most are not prepared to handle… for most beginners, it never really gets to “across the whole sample” because of those one or two make or break trades etc etc.

…Tams, you bring out the worst in me … these attac - excuse me “opinions” - are coming, in essence, to warn traders away from diverge…in the topical posts, using premises from the ‘institutional’, ‘professional’ , etc world… The warnings are not necessary - just as no warnings, attacks, or ‘opinions’ from those not of your orientation were or are really necessary in your threads. Steve46, weren’t you recently seeing the added resistance of unnecessary “opinions” in your own thread? ...and they usually sprang from out of place premises? The few that are attracted to diverge will be the few that are attracted to diverge, period. … and a few will learn how to use and enjoy them to profit consistently.

“...professionals rarely trade them...” ignorant putz question: Can most traders and managers at “…top tier firms…” “…longer term portfolio managers…” “institutional…” levels utilize any methods /edges that only work in certain conditions or are they generally (culturally, 'institutionally') limited to approaches that have been shown to be edges in all conditions?

and that would be the first mistake... and that would be the only mistake needed to set up failure... ...serial attacks... with premises, premises, premises...

Thanks. JEHS, No, it’s not “blasphemy”. I can see how MD’s (and others’) material can become trite to experienced traders. It's called the Apex Effect... However, I’ve noticed when I discount this level of trader development, somewhere I have confused ‘cognitive grasp’ with ‘deep mastery’… I observe same tendency in others too… It's not so apparent in the books, but MD's material simultaneously ranges from beginner material for beginners to master material for masters... Once a year, usually in March, I still go back and substitute his tapes for music during trading sessions and skim his books (whether I think I need to or not.) Doing this brings variable (and diminishing) returns. But invariably, I still get a fresh insight into some beliefs and / or biases and / or tendencies and sometimes new leverage for dealing with them... prevents the Apex Effect... btw someone mentioned "he writes and does not trade"… actually he does trade… trades selective fibs… akin to Pesavento’s style…

:haha: Forums The Painless Path to Endurance (Plus: Breville Winner and More) Wouldn't it be cool if all 100000 + TL members were profitable next year... Will be taking a longer almost three week holiday this year. I’ve been trading around the clock now for months and could use a break. (Will keep up with PM’s, especially silver, and that’s about it – closing out and shutting down almost everything else. Would love to see AG at 24 or lower, but also must be prepared for up move from present levels. ) May drop in because have dedicated a couple days to finalizing platform version upgrades… otherwise it’s family, slopes, kick’n ‘n sipp’n by the fire, etc… ...Long round about way of saying if I don’t ‘see’ you for a while Wishing wonderful holidays to all of you.

Hopefully this won’t pull this great thread off track with pro FX and con FX talk, but it is worth mentioning that if a forex broker’s quotes gets very far away from the banks’ quotes, there are automated triggers in place that will tear him a small new one. Yes you could look at two retail brokers at the same time and see different prices quoted but the diff is only significant at all in fast extrema… ie it’s not a reason to stay away from forex. Fx is best suited for longer holding time positions in the mid thickness pairs where there is ANY possibility at all that you would have to roll the futures. It has potential benefits very carefully long the high yield pairs short the low yield pairs. FX can be used intraday too. ... if you need real dom and real volume to complete your representations of the auctions, then you do have a valid reason to stay away from forex…

Do or die, +1 for diverging instead of confirmed divergence – regardless of between what measures the diverge is occurring. In all my years, I've heard very little comment (or posts) re the concept of diverging. I admire your perspectives... Rationally, fully formed divergences look safer. In real life, they aren’t. In the limited market conditions where I utilize diverg., the tested odds of payoff are better for my diverging setups than they are for fully formed divergences – even if I’m using a very short right strength on the pivots. So now in all mkt conditions where diverg is utilized, I go ahead and start building the position using diverging instead of divergence … tactical fitness… btw, using diverging as we speak real time, just starting to cover some of the EUR shorts I put on last week (fwiw, it will probably be 24+ hours before the positions are fully unwound though...) Do you use classical pivots for all but the current swing or does your method for measuring diverging not use pivots at all? Thanks.

Progress Report: (still) Implementing Session 2 – mindfulness work ;)Part of this course was supposed to be about “managing” fear. :haha:Well, I’m terrified and overwhelmed by the absolutely massive quantity of habitual mindless adapted voice activity that passes for ‘normal, adaptive living’ inside this particular unit. All the reactive contents to the ‘adapted voices’ are also archetypal. Not sure how important it is to chase them back down the rabbit hole to find out for sure which ‘archetype’ it is if it’s not immediately identified upon its occurence. ????? … and I don’t know for sure, but it seems to me the most important ground to come from does not place a negative or positive valuation on content or its accompanying emotional component.

Test drive a free OANDA demo account An assessment of the risks: ''In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.'' - Dwight Eisenhower The outcome: Graphic: Mapping a superpower-sized military - BlackListedNews.com “We truly are The Great Satan, and as brainwashed as any commie we used to fight. “ an astute commenter The consequences: …will not be pretty

This post is sponsored by your fellow traders ( and just to be diabolical, it is actually related to trading… unlike 99% of the other posts in this thread…) Two Bullets and Baron Rothschild | Richard Mills | Safehaven.com

Yes her allegations are probably groundless because she is a stupid cattle farmer clinging to her guns and bibles. Could you please refer us to another analysis of the CME's role, etc. where the source doesn't cloud the issues with ideology ? Thanks.

way back when - before the talking heads co-opted it and it became Bull - what did it really mean in the banks when the desks got the edict risk on or risk off ???

Aston, Preface: For real life, though, you said it just right with The simplest, non-adaptive start I can give you [pseudocode] inputs: … nSdevLen(200), … nBrktMlt1(.6), { manually tweak this input and your value1’s length parameter to get goldilock’s settings } … // also add a flatColor(neutralcolor) input... ; vars: … degree(0), sdev(0), colorThreshold(0), … ; ////////////////// {Color criteria} degree = absvalue(arctangent(nlAvg- nlAvg[1])); sdev = stddev(degree, sdevLen); colorThreshold = sdev * nBrktMlt1; { notes: > [2] changed to [1] throughout this example - why wait? . > nlAvg equivalent to your Value1… } if (degree <= colorThreshold) then begin SetPlotColor(1, flatColor); end else begin if (nlAvg > nlAvg [1]) then SetPlotColor(1, upColor) else SetPlotColor(1, dnColor; end; // if (degree > colorThreshold) /// This concept could also be modified to keep the dnColour during your red circle (because angles haven’t changed sufficiently to up ) You could also get more fuzzy using GradientColor reserved word, etc. hth

Excellent question! Didn’t it used to be almost a purely foreign exchange concept? Generally Risk on = higher yield currencies. Risk off = lower yield currencies. Hopefully someone has a better explanation than that. Most forum talk will not get specific at all. Seems to me, it’s assimilation into routine ‘wall street’ lexicon is only a recent happening. … months old? “Switching”, into more or less “beta” ,etc were the stock trading world’s words for it. But I may be wrong… the only time I see CNBC is inside the bank when doing a bankwire or something and I read no WSJ, etc. The sources that pre-inform that they are going ‘risk on’ or ‘risk off’ continue to have some value. The sources reporting post flow that today is ‘risk on’ or ‘risk off’ are useless. Maybe the uptick in the whole planetary financial system’s going singular / correlated has something to do with the phrase catching on? Will have to figure out how to anwer your poll. I don't really care and sometimes (like if I'm exposed to it more than about 5 minutes) the 'phrasing' of bs does annoy the heck out of me.

Ya'll ain't gonna like this Transcript for Ann Barnhardt Interview | FINANCIAL SENSE

boys, I’m sure glad the taxslaves in the US aren’t in a similar situation ... charles hugh smith-EU Fiscal Union = EU Debt Serfdom

I’m loving my EURGBP this morning too… … I've had a short covering order resting at .85104 since 11/28 ... Low this morning on the 'spike down' was .85109 …

the industry speaks the industryspeak Potential, real ~ in the ground, the root system of alfalfa goes down to as far as 12 feet sim ~ in a sprouter, the root system of alfalfa goes ‘down’ to as far as 1/2 inch … quickly, consistently, and that's the limit fun and funny ( but, be advised, it's bad non – industrial age advice…) Ken Robinson says schools kill creativity | Video on TED.com Sir Ken Robinson: Bring on the learning revolution! | Video on TED.com yes, you should... do what you should do

Dude, you sure took your dam time coming to finish it off but thanks. You did a good job... well said

mattz that looks like a viable option. Tams, so is a MC solution... However feng2088, if your automation is truly stable on TS (no small accomplishment, btw)and, for various reasons, you prefer to keep it inhouse, you might consider just manually generating the remaining turns you need each month to meet the minimum 10… using non correlated methods…just for practice. Example: I go on vacation for up to 6 weeks around June every year and still schedule a click in to TS to make a few multiple contract trades to avoid that fee – sometimes on the last possible day and more than once in about 10 seconds during the last 5 minutes of the window of a month…(one year even had my daughter do it when I was out of country and access) It really is no big deal. Click into a little momentum, OSO a very small stoploss (and quick profit if you like) … on balance across time, I bet you can beat the fee ...Developing in TS and then using another platform is to me sort of like putting a Honda engine into a Dodge truck… good engine wrong vehicle... unbelievable the possible unforeseen gotchas and consequences… hth