liahwy

How many Dojis does it take to change a lightbulb? I promise to give you the answer on Sunday...I mean I will give the answer to my Uncles on Sunday...Oh I don't know what I mean. BTW I made this joke up about 9 years ago. I'm more curious to see if it has made the rounds and people have heard it before.

Shoot the Forex trader TWICE

You mean you don't remember the Coach of the 1963 Texans? The man who invented the famous Divergence play in nickel formation. That play was trend setting, it took the team all the way to the double top.

Okay I thought the riddle was pretty funny (although the Y should have been capitalized even though that would not have helped anybody). Your attempt to turn it into a lesson in trading psychology missed the mark though. You came off more like just another little Napoleon that this industry seems to be riddled with. (See what I did there? the play on the word riddle hah)

where do I change the settings so that I no longer receive email alerts about this thread?

Hey Patuca where are we with the whole getting the answer thing? Whats the ETA? The reason I ask is I get email notices to this thread and I'm not really interested in visiting the thread to see any other puzzles I just want to know the answer to yours. So if you for instance tell me the answer will be posted on Sat then I can go on and ignore any email alerts I get until then.. So give me a heads up if you will.

I should have clarified that. I wasn't referring to overall volume when I said "you know the diff was because of a reduction in Retail traders" The TF had a lot of 1 lot traders. With a 55 tick chart most (almost all) of the transactions that made a candle print were 1 contract trades. You could watch the Time & Sales book along side and see that. There were some 10 lots and of course when the Bigs were in larger order sizes but mostly the candle print was made up of 1 lot trades. So the situation is that it now takes longer for 15 transactions to print a candle than it used to take 55 transactions to print a candle. This difference in time is due to a lot less 1 contract traders. So while they were small traders and you may not notice a big difference in the overall volume it did however make a huge difference at a micro level. I had developed a system that was based upon the speed of the market. Its too long to go into here but basically the side that has the speed wins. This is why I was using such fast moving charts. With practice you could become very good at reading the changes in speed. For this reason I would use Tick and not Vol charts because I wanted to read what the majority of traders were doing not the number of contracts. For example: Lets say that it took 3 seconds for 1 55 tick candle to print, or said another way it took 3 secs for 55 transactions to happen, but then 4 candles print in the same amount of time. You have a situation where 4 times as many Traders got excited about the market at that point in time vs the previous points in time. So what changed? Why did their level of enthusiasm increase? I don't really care its not important I just want to see if their enthusiasm persists and then capitalize on it (the side with the speed wins). Its more complicated than that but you should get the idea. Anyway if the market is void of these speed changes for you to pick up on then the strategy is useless which has been the case ever since the number of traders dramatically dropped off. Its like trying to read a room full of people if they all just sit there with blank expressions on their face.

Whether the blame lies on HFT or other factors that led to a mistrust of the market I cannot say, but the market is definitely void of the retail traders it once had. A 55 Tick chart on the TF used to be a fast moving chart, you can set it to 15 ticks now and it still wont be as fast as the 55 once was. And you know that the difference is caused by a huge decrease in the number of small or "retail" traders trading the market.

Give your car to your friend so he can take the old lady and wait at the bus stop with your perfect partner

Uncle Uncle Uncle Uncle Uncle Uncle Uncle Uncle Uncle Uncle There I said it for everybody....can we have the answer now?

Since we are waiting till Sunday....I bet I can tell you the score of the 49ers vs Falcons game before it starts.

If we exchange railroad trax with river will it ruin the puzzle? Just tryin to narrow things down...OR you could just tell us the answer.

Was he on the train?

He told them to race to the finish line riding one of the camels that belonged to the other person causing his camel to cross the finish line before his own camel.