Eamonn Sheridan: Thanks Harry - you could be right there. This is a quiet session, have a great weekend. - July 25th, 2014 03:02:43 AM
miki: most traders did not have a sense of inevitability in 2008 - July 25th, 2014 03:02:14 AM
Harry: Hi Eamonn, Yes this is interesting comment, however, in my own humble opinion, I'm not sure the market is ignoring what Yellen has to say. I actually think the market is highly cognisant of the Fed's agenda of stretching things out for as long as possible but I suspect most traders have a sense of inevitability. I'm guessing people are jumping on the slow moving train that has plenty of momentum. Thanks for the article, I enjoy your commentary. - July 25th, 2014 02:55:54 AM
Marcus: Arguing about T/A is like discussing religion or politics...pointless. What I understood from Ryan's words were what can happen when you get overly analytical is that a trading paralysis can set in. Paralysis by analysis we used to call it. The fact is great analysts rarely make good traders and vice versa. I have been employed as both. To succeed you have to find as in all things the balance between the two and much more. James is telling us he has found it and Ryan is telling us his pathway to finding it ...good luck to both!!!!! - July 25th, 2014 02:53:48 AM
UV: the short bus left 18 hours ago - July 25th, 2014 02:43:29 AM
Eamonn Sheridan: Keep going. I'm long exclamation points. - July 25th, 2014 02:16:01 AM
James: Gee I guess I didn't read the title correctly "A healthy warning to the downside to technical analysis." If that's the case, my way of using T/A and his are completely different! I trade what is actually happening in the market / charts!! Not what I think should be happening !! - July 25th, 2014 02:11:01 AM
Eamonn Sheridan: I think Ryan would be one of the last people to knock TA. Not the point of his post at all. - July 25th, 2014 01:49:44 AM
James: First of all Ryan when I say I could have made money on T/A on your chart I mean - I don't trade GBP/AUD . Who has time for that pair !! ? I guess you apparently do because you only trade with the 55, 100 & 200 day M A's !!! Good for you ! How many trades do you make in a year with that pair ? Gee.. maybe a handful - You probably sit back and just watch all the currency pairs. I Trade 8 major currency pairs and that is plenty to keep up with ! I won't knock your way of trading but you shouldn't knock T/A either. Especially since you apparently have no idea of how to do it ! On a slow week I clear 1000 pips. Busy weeks 3000 - 4000 pips. But I watch these currencies 18 hours a day - not once a day like you and see when it's getting close to one of your 55, 100 or 200 day M/A's. And by the way - I've been trading currencies exclusively for my own account for 10 years. - July 25th, 2014 01:43:35 AM
John Hooper: Didn't really exist: what are you on about? I worked as a chartist in the Eighties. Every desk, even in Sydney, had access to Bridge historical data, which you could instantly chart, or export and replot. Google "Dow Theory." That should give you an idea how long it's been around. - July 24th, 2014 11:46:28 PM
Jagtrade: For anyone that needs a better handle on T/A then you can do no better than spend some time on nobrainertrades.com. It is simply the BEST site for tech. analysis. - July 24th, 2014 11:18:42 PM
Peewee: Yeeeesss, the vid with Kim brought back a lot of memories. Good times! Today you have to search for slim woman or join the running scene. Keeps me fit myselves. - July 24th, 2014 10:58:18 PM
proecotrading.com: Another was in the dotcom bubble. Someone in my family had around $7500 in options on some tiny bank stock looking for a takeover. It hit the tape that this little bank was going to offer Internet banking. The stock went from like $7 to $85, and the options were worth around exactly $250,000. But before anyone could react, the stock was back at like $10, or $15, whatever. The options never got sold at $250,000. - July 25th, 2014 02:43:43 AM
proecotrading.com: I did that a couple times on expiration day in S&P futures options that traded in the pit on the CME back in the 1990's. My closing orders hit the tape, then somehow the orders got lost. I learned my lesson, you can't win trading options on the CME floor. Some dude down there got lucky a couple times at my expense. - July 25th, 2014 01:38:28 AM
Godzilla: That's why it's 250k. That's the investigation threshold. - July 25th, 2014 01:16:15 AM
miki: only those who dare truly live - July 25th, 2014 12:57:17 AM
Marcus: Has the sniff ...of Insider Trading about it...If it quacks like a duck chances are its a Duck! Mind you who has taken a position unknowingly just before an announcement and ended up making a quick 40 /50 pips its all about position sizing after that. - July 24th, 2014 11:25:32 PM
roland: Anyone seen the movie Inside Job? https://www.youtube.com/watch?v=FzrBurlJUNk - July 24th, 2014 11:24:42 PM
Jon B Good: Luck my foot. he knew something. - July 24th, 2014 11:22:51 PM
Eamonn Sheridan: Much ado about nothing Miss F? - July 25th, 2014 01:31:14 AM
Miss February: CME Notice http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-290.pdf - July 25th, 2014 01:25:49 AM
Miss February: sticking to the line, Eamonn....from the horse's mouth looking for a shakeout off today's resistance high/supply and dealers accumulating inventory to run it back up again. short term short trade short SP/Nas100/Dow $50-60 billion Treasury supply hits next week before eom, and the FED is offline may add tomorrow on a run up during NY session may be wrong too not for the faint of heart - July 25th, 2014 12:52:03 AM
Miss February: supposed to be a "wide variety of stock index futures after today's close". lilac Shortski ;-o - July 25th, 2014 12:14:20 AM
lilac: Eminis perhaps? Margin requirements have recently been increased. Offski - July 25th, 2014 12:08:03 AM
Miss February: gated but listed in the top left corner; CME Margin Increase Is A Brazen Raid cannot imagine Adler making a mistake like that.......... http://wallstreetexaminer.com/ - July 24th, 2014 11:56:35 PM
Eamonn Sheridan: I can't see the article. It does seem unlikely, though, given the relative lack of volatility in stock indices? - I haven't seen Zero Hedge with anything either - July 24th, 2014 11:53:48 PM
Miss February: also looking and not seeing???? but Adler posted the article and it is time stamped either a great call, or...........nuts are on the line - July 24th, 2014 11:50:22 PM
Eamonn Sheridan: I haven't seen any announcement from the CME, nor from Reuters, Bloomberg, Dow-Jones, MNI etc. - July 24th, 2014 11:33:45 PM
Dan: I hate to say this, but take a look at the monthly ATR of AUDJPY or EURUSD and you will see were volatility is going. Straight DOWN! If we there is some increase in volatility do everything you can to take advantage of it because it won't last long. - July 24th, 2014 11:26:18 PM
Miss February: yes, timestamped 5:45:08 PM NY Time subscribers only, but the tell is in the title; CME Margin Increase Is A Brazen Raid http://wallstreetexaminer.com/2014/07/cme-margin-increase-a-brazen-raid/ - July 24th, 2014 11:21:31 PM
Eamonn Sheridan: Thanks James - the only way is up from such low levels here? - July 24th, 2014 10:43:20 PM
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