Monster day today. No other way to describe it. The biggest moves were in the currencies. I haven't seen moves this big since the 2008 credit crisis in FX land. EUR/JPY came off 700 pips intra-day! USD/JPY 400 pips! We had a plus 4 today in Bonds. EUR/AUD and EUR/GBP both had -4 days as...
Thanks Michael for clearing that up. I got bombarded with e-mails asking about that. I wish I had time to dedicate to a combine right now but I'm swamped with work. I wish that "other" Maverick the best of luck.
Hope you guys read all the ACD posts over the weekend before they were lost in the changeover. There were some important ideas expressed concerning the number lines.
I think there are something like 16k registered RIA's in the US managing about 3 trillion in wealth. So yeah, it's very competitive. But then again so is trading right? The guy only made 100k to 200k at his peak during a time when the markets were very fertile. He might make half of that...
That's not true. I have two friends that have done it. I'm not saying it's easy but it can be done. None of these guys go after small accounts. They go after pension plans, small businesses with 10 to 50 employees. They are not going after grandma.
Steve, welcome back to the boards. I agree with most on here, the MBA will NOT land you a trading gig. You need an advanced quant degree but even that just puts you in a large population pool of very talented guys looking for work. One of the problems you will be facing is that in the last 5...
BTW, meant to point out Gold broke down through the monthly A down at 1640 and confirmed on the 30 day number line. Heading straight for the QTR A down at 1579. Yearly A down around 1550.
The only level I have still above is 8760. We blew through the QTR and we are above the yearly A up. Nothing but blue skys. Again, I haven't done the number line. If I have time this weekend I'll do a 30 day. I suspect its in the mid teens. You just have to pick your spots. And DON'T read...
Soros has made a billion dollars on the Yen as well.
http://www.bloomberg.com/news/2013-02-14/soros-said-to-make-1-billion-since-november-on-yen-bet.html
I thought this article was topical for the thread. It seems some big hedge funds have made a killing on the Yen trade this year. Readers of this thread? :)
http://www.cnbc.com/id/100458645
Fair enough. Generally speaking, you don't want to sit in a losing trade for a month no matter how many scalps you get off. The market has been telling that you're wrong for 4 weeks now.
I think he modified his C values because he wanted to isolate the late day C down trades (or C up). I don't get involved in those trades so I keep my A and C values the same. Again, it's all about making the levels fit "your" trading style.
What is your unrealized loss right now?
You know, the easier way to do this is simply to keep a running count of your cost basis. Nobody can follow all the scalps and how they offset the core position that is currently deep in the hole. It's also somewhat disingenuous.
It would be like...
Sorry, missed this post. My A values float. They are a function of current volatility. Mine are also symmetrical although Fisher's vary. He has separate A and C values.
What about these shorts from your first post on the thread?
"So, sell orders 0.25% risk per big figure at 90, 90.25, 90.5, 90.75, 91, 91.25, 91.5, 91.75, 92, 92.5, 93"
All products go through choppy cycles and all products go through trending cycles. This is why it's very important to make sure you have a way to quantify what cycle you are in. I would be hard pressed for anyone to pull up a chart of EUR/JPY and tell me it's choppy now. Both intra-day and...