Sunday, 8 August 2010

Wielki Szu

Maybe next time you should check your facts before you flap your gums. Michael Grant DID suffer a KO loss to Golota. There's nothing worse than a know it all that doesn't know shit.

Bombay Bob,

My body magnetism stops watches on my wrist. A joke told can change the life of a man who was born evil then got down through labour of upbringing, although successful people managed to resist and remained evil. Body is at a mercy of mind : if the candle is green then buy, if red then sell. People are weak and dirty so they've got to look strong and clean. Most know it's as stupid as woman's priority in life which is comfort while you fell in love with a fake smile that attracts unhappy children looking weird when smile for the camera; all in all 10 pips a day can change one's life.

A day trade (order to open closed manually) and three scalp trades. Forex is usually not perfect for trend following so scalping especially during months like August is a perfect way to kill boredom.

Tuesday, 11 May 2010

Unhappy Man

In essence computers trading against computers decided at some point today to throw in the towel and not bid. Lovely, isn't it?

I have been waiting for this to happen and today it did. Supposedly, computer trading lowers volatility and bid/ask spreads for traders. Today we see that works until it doesn't.
By the way, this was not really a "black-swan" event. This was perfectly predictable although timing it was not. I have been discussing this scenario with a few friends for months.

Daily trading net revenue was $25 million or higher in all of the first quarter’s 63 trading days, New York-based Goldman Sachs reported in a filing with the U.S. Securities and Exchange Commission today. The firm reaped more than $100 million on 35 of the days, or more than half the time. Making $100 million a day for half the days in the quarter is quite a feat.
The only way I can possibly see that happening is if Goldman Sachs is front-running every "trade". If someone has another explanation, let's have it.

Mike Shedlock

Mike Shedlock is very unhappy because he lives in a world which is not right. The stock market defies the laws of Austrian School of Economics. The inflation is falling, although rising at the moment. 2010 had to be a year of big retracement,'s on the right track. And the bad banks are using computers for computer online trading.

A happy Mike's world would look like this:
Mike writes on his blog the stocks shouldn't rise because the economy looks very very bad. The investors and investment banks all read his blog so they refuse to buy stocks.
Mike writes on his blog the deflation should cause the prices to fall. The oil producers and farmers all read his blog so they lower their products prices right away, even if that means they will have no profit for the year.
Mike writes the computers shouldn't be used for computerised computer online trading. President Obama reads his blog so he announces the ban of computers. The banks refuse to use computers but keep the brainiest men in the trade, anyway they are as much good as computers.
Mike buys stocks and oil through his online trading platform (there must be exceptions) and writes on his blog: the economy looks good, the stocks should start to rise. The investors and banks are still skittish, but soon come to the same conclusion and the very big and real bull market begins. Mike now lives in an entirely happy world.

If someone has another explanation, let's have it.

The explanation is quite simple. You must be a real trader or investor who is better than the others - I assure you that Goldman Sachs have the very best.

Mike, you can be a trader, too. Here is how you start.
On S&P 1h chart whenever 20ma is heading lower and the price remains below it - sell, except when 3ma is heading higher towards 20ma, then wait till it turns south. Such simple strategy maybe won't provide you with all days in profit but you will surely make some money.

Sunday, 9 May 2010

Day trading for few chosen only

It makes no sense to give advice or teach how to trade - the most difficult job on the planet bar boxing or fighting the enemy on the front line. But here are some of my remarks and rules I follow in my technical approach. I day trade various markets, from General Dynamics to EUR/NOK, without paying attention to fundamentals. - Yes I consider myself a chartist.

-Every instrument and every time frame are different
-Do not try to trade too many markets, find the most suitable for you and use leverage
-Emotions are your enemy; yes be happy when you take profit, be sad when you lose, but entering trades out of excitement, anger or fear is a mistake
-Back test your method on a regular basis
-Hard work means nothing compared to good method
-Trade live as much as possible as opposed to entering trades and leaving them at the market's mercy
-Sell on extreme strength, buy on extreme weakness, otherwise NEVER trade against the trend
- Future probabilities =1, what's going on =2, past =3
-Always trade into wave along with the larger direction
-Trend reversals are rare and never bet you will catch it, you better go with the older trend instead
-Analyse your trades, eliminate the fault from the losers, develop your winners
-The stronger the move, the more you need to trade into its direction, you will surely make money before the wave reverses
-Create a method to lose money on your favourite instrument and back test it
-Adding to your winners is the most beautiful, difficult and most right thing to do
-Decrease weight on losing streak
-Skittishness doesn't pay
-Don't trade breakout in a range
-I am a good trader
-Take profit is good
-Orders to open are dangerous
-Bigger time frame is more important
-These tendencies should continue
-The most important area on the chart is the blank space to the right
-Remain confident, the opportunities will always be there
-Don't trade emotions or 'wish-waves', trade the real price action
-Never add to losers
-Market is like a woman, don't analyse it too much
-The biggest enemy of BBF CONT is a consolidation
-An error leads to emotional imbalance and further errors

As to my method (BBF CONT), it is quite simple - I buy when it goes up and sell when it goes down, which is not quite simple to do as the majority of schools, blogs and wannabe gurus teach the opposite because they all have an innate repulse to trend following for fear they would turn to be the last to buy or sell. Such a deep conviction is a result of lack of trading experience. As to charts, I use some on price indicators- Bollinger Bands 20.2 and moving averages (3,55,89), plus Stochastic and MACD below it.

USD/JPY - 5 min wave reversal

USD/JPY 1 hour bearish continuation

USD/JPY slide - add to your winners

Monday, 19 April 2010

I Am Innocent

John Singer Sargent - Orestes Pursued by the Furies

If we practice and eye for an eye and a tooth for a tooth, soon the whole world will be blind and toothless.
Johann Wolfgang Von Goethe

Thanks to this widespread idea we live in a world put in motion by wicked souls. Proud owners of brilliant teeth and bobbing eyes, just not to miss any opportunity.

George Soros, speaking at a meeting organized by The Economist, warns all those who are throwing their money into the equity pit, that "the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis." Reuters reports that Soros said "the same strategy of borrowing and spending that had got us out of the Asian crisis could shunt us towards another crisis unless tough lessons are learned." We hope all those who are buying stocks have very tight stop loss triggers.
Anthony Cherniawski

The world of plenty. Complete foolish demagogic unbridled practical investor. When was the last time this non-trader did make any money? For a year he's been telling to trade counter wave, counter major wave and into minor corrections. Yet, he is not stopping. Besides now he warns and feels sorry for those who have bought (and made money). George Soros is hardly a respectable trader, to listen to what he says. He is a market manipulator for sure and exploits the fact the masses listen to what he says. He is a lousy and dirty insider trader first of all.

There is nobody left and I just don’t know how they are going to be replaced. I have no idea. Just the outpouring of grief is amazing. Just to see the coffin of the President you have to stand in a line five miles long. Every Pole feels the grief right now and every Pole is touched by this, and we have no idea how we will rebuild this.
Tomasz Adamek - about president Lech Kaczynski's death

Adamek's got caught by the stampede of grief and has forgiven his brother Jaroslaw Kaczynski called him a 'feckless Pole' only because he'd emigrated. He also has no idea who would replace them ( the dead), staring at 5 mile long queue of candidates. Fortunately, not every Pole has been caught in this baby boomers emotional blackmail.

I could spend all day in the kitchen or in the street. I could write anything or keep silence. I could make friends, learn to sing or lie down motionless till I blow up. In any case I will be innocent as there's no guilt in my heart or gilt in the market I couldn't trade.

Sunday, 11 April 2010


Against the flow - the easiest way to lose money

-- The two red volume bars in the S&P 500 this week are not a good sign. It is a good indication that selling pressure is increasing in stocks. Although there are no losses as of yet, it appears that the urge to take profits after this recent rally is increasing, especially at the quarter end. Mutual fund managers generally cannot sell unless their clients do, but private money managers may. Is it time to look for the exits?

Anthony Cherniawski

Mr Cherniawski remains impractically wishful. As much as the broadening top formation which he mesmerizes innocent investors with. So that they keep away from stocks and never get a penny from the undeniable and healthy bull market. Of course, he still holds the same short position he was talking about in August. He is wealthy, so he can.

Against the flow - the easiest way to make money

Apply some logic:
1. Oanda makes money on spreads weather you loose or win. Why would they care what direction you trade?
2. The more you have, the more you trade, the more they make. Why would they want you to loose it all? Nobody is that dumb. You are their cow to milk. Killing you means no milk for them.

Now, seriously:
1. People who rant about 50 pips spreads - have no idea what NEWS and speculation means, nor have they any notion of high vs low liquidity.
2. People who rant about slippage - have no idea, what liquidity means in general.
3. People who rant about spikes - have no idea how easy it is to hunt down and domino day trader\'s SL positions.
4. People who loose money - will always blame the broker.
5. People who win - will always praise themselves.

And further more:
1. We are all sheep.
2. We all run where they tell us.
3. Fear and greed is installed in all of us.
5. We all act emotionally.
6. We do not have the means to change any of the above.

With this knowledge, big players (and a handful of smart, quiet sheep) shave you daily.

Now. Armed with this information. Can you outrun 51% of all sheep?
Statistically you cannot in the long run.
According to Lorenz (Butterfly effect) you can outrun 54% with reasonable knowledge, but not significantly more even with infinite knowledge.

Leave Oanda alone. They have nothing to do with your incapability to think.

"We don't have the means to change the above."
Hey mrt, I am logically-dissectingly sceptical towards any general mania or environmental pressure. Also your rant won't make me run or scream. Do you have any slot and appropriate denomination for me in your sophisticated system of thought?

"Leave Oanda alone. They have nothing to do with your incapability to think."
I share the view of the many Oanda users that the platform becomes unfriendly to successful traders. To verify this though, you need to be successful first. One of my experiences goes like this: I was long USD/ZAR on Monday, 1st of November 2009, when the price early about 1-2 am spiked from 7.82 to 8.24. At that time, the platform became unresponsive, which's never happened before or after as these are not busy forex hours to say the least. I logged off and tried to log in again, but all I saw was 'server busy, please try again later'. When I eventually got logged in, 25% of my gains have gone and never came back. Leave Oanda alone, if you're capable to think.

A Broker Story

Hi there, This review is related to saxo and forexwebtrader together, I gave a scam to saxo because that decision was taken by saxo bank Here is the review Stay awaaaay from this group of mafia members called Forexwebtrader and god Father Saxo bank I had been with this company since Apr 2007 and when I was trading the news with their platform and when I found that there execution is good I decided to open another account with them. Last month after more than two month trading I asked to withdraw money from one of my account and then I got this e mail after one week Your request to withdraw funds from your account is still being processed by Finexo and its business partner - Saxo Bank. The reason for this delay is that we have reason to believe that exploitative strategies such as 'sniping' were employed in the account. For details please see section 4.12 of Finexo's General Business Terms. We shall reply to you shortly following further investigation. And I looked at this Section 4.12 and it says 4.12. Trading strategies aimed at exploiting errors in prices (commonly known as “sniping”) are not accepted by Finexo Global Investments Ltd.. If Finexo Global Investments Ltd., at its sole discretion in good faith, determines that Client is taking advantage or attempting to take advantage of such misquotes or is performing other forms of abusive trading, Finexo Global Investments Ltd. is entitled to take one or more of the following countermeasures: i Adjust the price spreads available to the Client; ii Restrict the Client’s access to streaming, instantly tradable quotes, including providing manual quotation only; iii Retrieve from the Client’s account any historic trading profits that have been gained through such abuse of liquidity – as determined by the bank in its sole discretion in good faith – at any time during the client relationship; and/or iv Terminate the client relationship immediately by giving written notice. If you look at this statement which is not related at all to the news trading and I already have a proof for almost 85% of the trading that I got the same price plus or minus 2 pips from other two platforms with the same prices as I got from forexwebtrader which proof that I never got a wrong prices like they mention in the statement and I got several messages in several cases says (price is too old. try again) which also give the evidence that there system never give a wrong price with me and I got around 50 trades within the last two month ….could anybody believe that any system give 50 wrong prices in 60 days??????? Then they should go out of business because they don’t deserve to be professional. And if you read the statement again you will realize that they just write the statement to be fogy and flexible to accuse anybody who gained profits with this accusation without giving any definition for sniping act means. Then I got this e mail After having investigated the situation of your two accounts, we, together with Saxo Bank, have established that the entire activity of your accounts (profits and losses) were acts of 'sniping'. We are therefore annulling all trades made in these accounts and returning the original deposit in accordance with your contract. Your accounts have now been frozen. The refunds will be made within the next few days and our Client Service Director will be in touch with you tomorrow. Elon Bezalely Finally they stole around $20,000 from me and $30,000 from my wife and we will go back after them all the way and we have all the proof of our profits and proof of right prices we got and I got also contact from another trader they stole also around $17,500 from his account also and we all will complain against Forexwebtrader BaFan in Germany and saxo bank in NFA in USA. And if we didn’t get our money we also going to sue them in British virgin island and I start to contact a lawyer there to be ready since they stole around $67,000 and it worth to go all the way for it. Finally I read the statement wrote by Michael Primus - Marketing Director -, Duesseldorf, Germany He wrote: This trader's deposit was returned to him in full - which we feel is more than fair” So I want to ask him…to refund the trader deposit in this case is consider for you as a more than fair…so what about if your company treat him with your just fair treatment not (more than fair)….what are you going to do with him and what do you used to do with other traders….take there fund also??????? My advice to all traders that go away as far as you can from this company and the god father Saxo bank because you will lose you money and time and you will get you original fund after more than month like me and maybe they will treat you next time with their fair treatment and take you fund. Note: if anybody wants to have a look at the statements and trades history reports I had with them, just send me an email to and I’ll send it to you as an attachment.

If you were looking for an honest broker, you would probably be put off by this comment posted in 2007. Generally, Saxo Bank is getting a poor feedback from (ex)-users of their services. Of course, it's easy to blame brokers for unsuccessful trading practices, but do you want to check if Saxo Bank is willing to give you your own money?