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MadMarketScientist

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Everything posted by MadMarketScientist

  1. MadMarketScientist
    Thank you - its nice to hear our users appreciate that we moderate closely - quality over quantity! Hope to hear more from you in the forums. MMS
  2. MadMarketScientist
    Hi umfan92, Welcome to TL ... we have lots to read so make sure to dig thru all the great threads and don't be afraid to ask questions thanks, MMS
  3. MadMarketScientist
    Thread closed - we are all looking forward to your new thread and results! MMS
  4. MadMarketScientist
    Hi Everyone, I've looked into this request here are the findings: First of all, vBulletin, as great as it is for forums is very hard to work with! :doh: So please bear with us while we work out you user requests. Second, the blog area is having some issues (permission, people can't see them, etc) so please refrain using that area. Instead, if you want to post an article, please use the Article area (in main Nav bar) Third, I've looked into giving people ability to delete comments in articles but as this is a vBulletin limitation, it is not (as far as I know) possible. However, please feel free to report ANY post\comment you don't want and I will diligently follow-up Fourth, and this goes for the forums as well ... please report posts\issues as we are diligently monitoring the site and can help moving\trimming\cleaning up threads. thanks! MMS
  5. MadMarketScientist
    Well the market has been pretty crappy the last few weeks ... but the "magazine cover indicator" is starting to show its head: "A clear sign to head for the exits [and sell gold] is when you see a golden bull tearing up the NYSE on the cover of Slime or Newspeak," as Doug Casey likes to say, referring to mainstream magazines Time and Newsweek. That's when an idea has become so popular, it can be used to sell more magazines. When a mainstream publication trumpets an idea, the trend is likely to correct (despite underlying fundamentals). MMS
  6. MadMarketScientist
    Volume Spread Analysis MMS
  7. MadMarketScientist
    I've been wanting to short CRM for sometime now and there is never any stock. The more we talk about this the more I am leaning towards giving up on stocks altogether ... but its just soo easy to press the Buy button! :crap: MMS
  8. MadMarketScientist
    Oh I see. Yes it is hard to consistently beat the market, when the opportunity arises you have to take advantage and make your money and try to get out of losers quickly. MMS
  9. MadMarketScientist
    hello forexfilms - welcome to TL! MMS
  10. MadMarketScientist
    hello jixiang! welcome to TL!
  11. MadMarketScientist
    Well this is a good chart to look at: Looking at this, I believe this little run-up in the EUR is just the inverse of the correction in gold, and will be the first of many. I'm still long gold and short EUR. And just like you these are more macro thoughts vs. technical charts. MMS
  12. MadMarketScientist
    Argh don't mention EBIX! I took a big loss when the fraud rumors came out ... only bright side to that story is I immediately sold at 22. I see they've slide down to 17 but had a big bump today. Are you still in that trade? MMS
  13. MadMarketScientist
    So true for inexperienced traders, holding on when everything is crashing around them because they don't want to make a paper loss real. Why would you be "disappointed at the amount you will be able to take in the long run"? MMS
  14. MadMarketScientist
    For the more serious types, Warren Buffet: "Rule number one of investing is never lose money. Rule number two is never forget rule number 1" But my all time favorite from Boiler Room: "They say money can’t buy happiness…Look at the FUCKING smile on my face! ear to ear baby" MMS
  15. MadMarketScientist
    On second thought, yes the bailouts are bad for Europe in the long run, but for the prospects of higher interest rates in the short term, they could be very useful. And as a result, currency traders are likely expecting higher interest rates sooner, and hence the currency is rising. You mean the markets don't move logically? Darn it - all these years and all that lost money! MMS
  16. MadMarketScientist
    Welcome Mr. Trader ... great name! I agree with Tams, save your money and trade someplace where you have *some* control of your destiny. Pharma will make or break you ... unless you have inside info it will most likely break you. MMS
  17. MadMarketScientist
    Maybe people like to speculate on individual stocks vs. trading the entire S&P. And some think they've learnt to understand the behavior of a particular stock and its idiosyncrasies so they have an edge. This is debatable but I can see some truth to that. I used to be able to predict the cycles of O&G companies (but that was over the medium term) With that said, day trading is mostly technical so in theory you should be able to ignore the underlying asset and trade it just as a price chart. In that case you are 100% correct. I also think stocks are just easier to trade as its taught in school how to buy\sell stocks, etc. My grandma knows how to buy\sell stocks. Learning how to trade futures is much more time consuming ... MMS
  18. MadMarketScientist
    No I'm not Soultrader - looks like he hasn't been around for awhile. I'll have to play around with the sma200 and daily pivots and try and figure out what you are looking for. Thanks for the tip. MMS
  19. MadMarketScientist
    What the hell is going on with the euro? The headlines continue to report the worst from Greece and the rest of Europe, yet the euro continues to get stronger and stronger. Common sense suggests that bailouts would be a bad sign for the euro? MMS
  20. MadMarketScientist
    The current gold bull market has lasted a decade - the same length of time that the great 1970s bull market for precious metals lasted. Many in the industry seem to have interpreted gold's race to almost $1600 and silver's rise to almost $50 as signs of a grand finale. This may be the thinking behind the recent gold selling done by George Soros. Soros' selling of holdings in two leading gold-backed ETFs put some wind in the sails of the "end of the gold bull" side of the debate. Not just that April 2011 was a top, but that it was *the* top. However, didn't really sell gold, he turned his ETF holdings into shares of Goldcorp (T.G) and Freeport-McMoRan Copper and Gold Inc. (NYSE:FCX), adding the leveraged upside exposure to gold that gold stocks offer. I'm still bullish gold, what's everyone opinion? MMS
  21. MadMarketScientist
    Drinking and ANYTHING never produces good results! MMS
  22. MadMarketScientist
    so a 200sma on a price chart? what are you looking for with this indicator? crossing over\under? delta by a certain %?
  23. MadMarketScientist
    as a short or long term trend indicator?
  24. MadMarketScientist
    Great post! I think the successful traders have a complete commitment to trading and do it full-time. If it is a hobby or a secondary pass-time, I know how the bottom line will be big red numbers. Trading must be addressed as a profession because if you do not treat it as so, those who do will separate you from your money very quickly. MMS
  25. MadMarketScientist
    You can use the VIX to understand risk in the market. The VIX can be viewed as the "investor fear gauge" index. It measures the volatility and fear in the market by tracking the implied volatility of at-the-money put and call options for a 30-day period in the S&P 500. When stocks go down, option volatility (VIX) increases as more options traders buy puts to either protect their stock portfolio, as an alternative to shorting, or to speculate. Typically, a VIX below 20 means the market is complacent and investors are not concerned about the current outlook of the market. A VIX reading greater than 30 generally means that investors have become more fearful about the current state of the market and the increase in volatility is a result of the increase in investor uncertainty. The further the VIX increases, the more panic there is in the market. The further the VIX decreases, the more complacency there is in the market. As a measure of complacency and panic, the VIX is often used a contrarian indicator. MMS
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