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  1. Scataphagos

    How the English language is taking over the planet

    Doubt English is the "second most spoken". That "1500 million" is likely a huge underestimation. The reason English is the most spoken language is because it's the international language of finance.
  2. Scataphagos

    Why market wizards are not day traders?

    Seems to me the notion of "day trading" came from the dream of "sitting in front of the computer screen, making a few mouse clicks... and making bank".... you know, easy money. Turns out, not so easy. Nevertheless, some day trading has the potential to make the effort worthwhile. (If you can...
  3. Scataphagos

    Socialism's Ideal

    "...Maduro slammed for dining on pricey 'Salt Bae' steaks as Venezuelans starve..." https://www.cnn.com/2018/09/18/world/venezuela-maduro-salt-bae-steak-intl/index.html This has ALWAYS been the ultimate goal of Socialist elites... that is, the "top brass gets everything" while ultimately the...
  4. Scataphagos

    Trump digs bigger hole for obstruction case

    Likely true. Goebbels said so.
  5. Scataphagos

    Identifying a reversal (trend change)

    Ditto! The big question... "What should I do about counter move"? Is it small enough I should just ignore and ride it out? Is it big enough that I might profit by trading out? Is it the start of something much bigger... where I'd like to be on the right side of and and seriously don't want...
  6. Scataphagos

    Identifying a reversal (trend change)

    Hate to wake you up, but you're 100% totally wrong about this. Not "theoretical" in the least. Seems your issue is with the term, "recognisable". Most traders never "see the forest for the trees".
  7. Scataphagos

    Identifying a reversal (trend change)

    Here's another bone, Michael.... hope you're feasting*. Years ago, I read the notion "buy the 50% (Fib) pullback". That's still good advice. On the shorter term, there is the same... I call it the "quick Fib".... and it may show up only on the 1-minute chart and shorter... regardless, means...
  8. Scataphagos

    Identifying a reversal (trend change)

    Here's a thought for you.... In ALL markets... bear and bull... there are EXACTLY the same number of upside trend reversals as downside trend reversals... only the magnitude differs.
  9. Scataphagos

    Identifying a reversal (trend change)

    Yes. Trends can be very "short to major". Other than trying to "nail" a turn at a big support or resistance, it's always a guess to a large degree. Of course you can see a "change" on the chart. What you don't know is whether is a "small counter" or something larger.... and what you should...
  10. Scataphagos

    Trump’s Republican Party will create more debt in one year than was generated in the first 200 years

    Yeah, following in Odumbo foot steps. Wish he wasn't though.
  11. Scataphagos

    TraderEX-ES-E-mini-post #4-why no ES in the house

    We all start somewhere. I began my investing career with a $25/mo bank draft into a mutual fund.
  12. Scataphagos

    Democrats send 'information' concerning Kavanaugh nomination to FBI

    That's all right with them... so long as they get what they want. :(
  13. Scataphagos

    Trump's hurricane coming

    LOL!
  14. Scataphagos

    What risk management mistakes did this top Norway trader make to blow up his account?

    "Theme bets" are not so easy to exit with a technical stop. Remember the winners from 2008 who shorted sub-prime mortgages... some/several of them have lost a bundle this time around. IOW... "just because you got a big play/s right sometime in the past, doesn't mean you're actually Norman...
  15. Scataphagos

    US Judge rules Initial Coin Offerings are securities

    As a former Registered Principal of a B/D and an RIA... it seems to me there is at least a "securities aspect" to them.
  16. Scataphagos

    TraderEX-ES-E-mini-post #4-why no ES in the house

    $100/day on 20-30 trades/day? I dunno... sounds impressive to me. I'm sure I couldn't do it. (I've had some years where I averaged ~ $15,000/day, but I couldn't do that.)
  17. Scataphagos

    Peak Trump Derangement Syndome?

    You misread. According to the story, it was his arm. :)
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