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An old trader once told

Setting stops

Posted by shamutooth on 18th of Nov 2009 at 12:21 pm

An old trader once told me what the job of the market is,and that is- TO FILL ORDERS.Gotta think about that for a little bit; I had to think about it quite a while before it sunk in:)

srs SWING #2

Posted by shamutooth on 13th of Nov 2009 at 04:31 pm

Did it cross for a buy then to a sell near EOD? My software isn't clear. Bright note though I just opened a TS account so hopefully don't have to ask again:) TIA

33 Liberty St ...

Posted by shamutooth on 13th of Nov 2009 at 10:11 am

sure is busy after sentiment #'s. Can't possibly let the markets roll over till the majority of X-mas presents are bought,now can we?

Is Jeff plagiarizing BPT's material,LOL

I read the first edition of Conquering the Crash in 2002,and to be honest it was one of the best things that ever happened to my financial well being.

That's just my point. Dollar goes sideways while oil goes up 50%. Where is the direct correlation of oil driving the  dollar?Intraday charts also show the dollar moving before oil.This report is trying to prove dollar weakness is because of oil and that theory is a lie. The USD has been deliberately debased since the early 1970's and it has nothing to do with oil but with US inflation policy.Why was the average home worth 25K in 1970 and that same home sells for 150K now? Because oil went up? C'mon now.

Dollar weakness has nothing to do with the price of oil,see my numbers in a post below.The dollar has huge fundamental issues which some dumbass is trying to make us believe is oil related.In a shorter time frame,today for example on the 1 min,the dollar (DX) started rallying at 10:16 AM as oil(CL) started to fall at 10:22. Remember last year as every investment bank was on the verge of collapse GS spokeman said they were well hedged with CDS at AIG? Wonder why they had to get bailout $ and to have an emergency meeting to be converted to a bank holding co? Gotta fade those MF'ers.

I had to LMAO when I read how the author wrote about all the excitement India and Sri Lanka created with their purchases. Does he not realize someone somewhere has been quietly buying gold for nearly a decade now? Every dip,every central bank gold sale,every touch of the 65 week MA. Even in the liquidity meltdown last year you couldn't buy "fizzical" under the 65 W MA. One of my favorite writers David Marrantette used to say: he who has the gold has the power-or something like that.One of these days we'll find out who has been buying.

Hmm... USD hit it's low in March of '08 at 70.70 and oil hit 110 that same week.Then oil goes to nearly 150 barrell as the dollar strengthened.All I can say is: GS do you think all of us are that stupid? Gotta say it again-people lie but numbers don't.

Steve

Posted by shamutooth on 11th of Nov 2009 at 10:36 am

Any ES timing highs upcoming?

The day is young yet:)

Aroon crossed back up

Posted by shamutooth on 11th of Nov 2009 at 10:22 am

The day is young yet:) DOW has almost tagged it's upper trendline this AM so let's see what happens if/when it does.

Of course it will eventually go to zero. They'll keep reverse splitting them but if no new shares are created it's mathematically impossible to keep it from going to zero once time decay and fees are accounted for.

On Srategy Desk it didn't show a cross till the last candle closed.I'm going to set up a Tradestation acct to make sure I don't get any discrepencies from now on.

SRS swing #2 is kickin'

Posted by shamutooth on 9th of Nov 2009 at 01:48 pm

SRS swing #2 is kickin' ass today.For anyone's charting program that didn't show a definite cross last Friday and stayed with the trade especially.

But they ARE doing Gxd's

GS

Posted by shamutooth on 9th of Nov 2009 at 12:28 pm

But they ARE doing Gxd's work,don't you see? We are all born and die with nothing,so by taking everything from us they're doing exactly that,LOL

Obviously hedge funds  didn't cause all of our problems as HFT is a relatively new beast,but it's one of the tools GS  has used to have 98.5% of trading days last quarter as winners. This is statistically impossible and pisses me off,and I feel it will cause many to lose confidence in the markets. Our economic problems have come from the exponential rise in unsustainable private debt more than anything else and there will be hell to pay once this wave of public debt issuance becomes unsustainable too.

What they should do is

Proposed Trader Tax

Posted by shamutooth on 6th of Nov 2009 at 03:38 pm

What they should do is put a 20 cent tax(or thereabouts) on every trade. The little guy would never notice it and voila your HFT traders are out of business.

I don't use Ninja Trader

Mechanical Trading Systems

Posted by shamutooth on 5th of Nov 2009 at 01:11 pm

I don't use Ninja Trader but I believe they can route orders through IB.You'll have to buy their software though.

Lin Reg Slope,GDX

Posted by shamutooth on 5th of Nov 2009 at 12:14 pm

Lin Reg slope 10 and 17 now sells on GDX,15 min.Great find on this indicater.

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