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No one is forcing you to read my post and respond. Certainly there are many Gann line , market profile bullshit posts on here you have not responded to.
I have 30k in the bank, a 100k house I bought outright from luck boxing silver back in 2006..33yo..no wife..no kids..no interest in anything beyond casual with women.
No interest in anything beyond becoming a professional trader. Selling my house for 90k and moving back in with mommy and daddy to bankroll a trading business is what I'm leaning towards...
Yea thats what every message board "baller" fake retail trader says...Your range estimates are highly flawed..
Can you help answer these questions from other members on NexusFi?
Do you want to be a trader or do you want to hold some illusion of trading as some noble profession to some big bank HR person...
Citi ditched the on site corp picnic where i worked because the first year I was there, they had a few kegs in the parking lot and this trader fucked this chick on the top floor during the picnic in a bathroom on the top floor..The head guy got sacked...not really because of the sex but because it was such a massive security violation to have people up on the 3rd floor then.. Roger Barnes, Citigroup, Inc. | Spoke
I'm never going to work in finance again so f*** it...I never met Roger but he obviously liked to party...that guy rules in my book, not a slave to corp bullshit. CME pit guys are REALLY nice english TV fiction guys..lol.
I don't blame anyone here for thinking I'm full of shit. Stuff like elitetrader is such poison, with so many failed bullshitters...entropy/noise ratio is null..its just pure noise.
I posted what I did after the OP to crush future elitetrader style bullshit..
I am what I say I am...If you believe me to be not, then please..debate the models I posted like fattails has..
If I'm a fraud that would be the optimal line to figure out I'm a fraud..
RECAP:
1) The market is always in either a buying cycle or a selling cycle …AT ALL TIMES
2) Prices never go straight up or straight down continuously. Prices always rotate between a
selling cycle and a buying cycle.
3) There is always another trade.
I am not competing in that f...word competition, that is the privilege of my kids, it is supposed to go away when they come of age, but maybe I am too optimistic.
If you look at different markets at the same time, you are talking about intermarket analysis. This is something that could give you a huge edge in trading. I have said this before, instead of using 10 indicators built with price, rather use price itself and add some new information independent from price. THese are the options:
- Volume (the number one candidate)
- Order Flow (order size, bid and ask traded volume)
- Market Depth (NYSE Tick and TRIN)
- Intermarket Correlations
The most interesting intermarket correlation that I use is the ES versus EURUSD. Depending on the sentiment this correlation can be positive or negative.
Le us take a recent example: Following FOMC day there was growing uncertainty about the economic recovery. This creates risk aversion and money flows away from equities and foreign currencies (except the yen, which usually reacts inversely due to cancellation of carry trades) back into USD and US bonds and treasuries.
Risk aversion creates a strong correlation between US indices and the Euro. So today you could trade that information and expect a positive correlation. EURUSD had already broken the trendline of the downtrend prior to the open, while the stock market held back, as so often.
This was valuable information, and you could expect a strong move of ES or TF after the open, once the breakout occured in the expected direction.
