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  1. Scataphagos

    In reality, situation could NEVER be worse

    Fat chance. The self-appointed elites NEED war so that they have an excuse to default on our debt.
  2. Scataphagos

    Why do traders find it difficult to make money?

    Trading is easy... just click a mouse. Trading WELL is difficult until properly understood and practiced. Noobs jump into the markets with their few bucks... with "sugar plumbs dancing in their head". They barely have a clue as what's required to do it well.
  3. Scataphagos

    How much pips away do you set stop loss?

    1. Learn Price TA so that you know where "support" and "resistance" are on the chart. 2. Most logical place for a stop is just below support or just above resistance. Those levels are SUPPOSED to hold if tested... by definition 3. The size of your stop should be determined by "how close to...
  4. Scataphagos

    "EVERYONE clamoring for rate cuts at this time... BAD IDEA!

    Years ago, recessions were merely "part of the economy" (a good part, IMV). But then one day, the Fed claimed, "we can manipulate interest rates/money and avoid recessions in the future". Isn't that good? Well, no... natural economic cycles were supplanted with perpetual inflation.. and that...
  5. Scataphagos

    Trading one Asset only

    Yes. The ES and NQ tend to make their moves at approximately the same time. NQ is more volatile, ES has greater liqidity and can trade bigger size. Traders can pick whichever one they want.
  6. Scataphagos

    "EVERYONE clamoring for rate cuts at this time... BAD IDEA!

    Suggest you learn more of financial history. 1. There can be no "debt to infinity". Once the world loses confidence your country's debit, it and your currency plunges to ZERO... and almost everyone who holds their assets in that currency goes bankrupt. 2. Recession is like a broken leg...
  7. Scataphagos

    Trading one Asset only

    Chart guys and order flow guys express the same thing (support/resistance), only differently.
  8. Scataphagos

    "EVERYONE clamoring for rate cuts at this time... BAD IDEA!

    Seems everyone wants to "avoid recession at all costs". (Market bulls want the rally to extend without the inconvenience of any "rebalance" from a recession.) Well... recession isn't the worst evil. In fact, recessions are rejunvenating and refreshing... washing out the weak to be replaced by...
  9. Scataphagos

    Trading one Asset only

    "They" may have a methodology that seems to work "market specific". However, it's fact that Price TA is universal in ALL MARKETS AND IN ALL TIME FRAMES. So if you want to learn how to trade, suggest learning Price TA.... which reveals buying and selling, regardless of the market.... and in all...
  10. Scataphagos

    Trading one Asset only

    You're in luck. In case you haven't heard me say this before... "Price TA works in all markets and in all time frames".
  11. Scataphagos

    You want rate cuts?? Well as markets fall your wishes are coming true!!

    JPow has tried to dance the fine line between "soft landing and inflation". IMV, not possible. Can't have it both ways. Which he gonna choose? Whichever, lots of people will hate it.
  12. Scataphagos

    You want rate cuts?? Well as markets fall your wishes are coming true!!

    If they cycle guys are correct, inflation is going MUCH HIGHER... AND SOON! If so, JPows nuts will be in a vise.
  13. Scataphagos

    Financial advisor fuckery...

    Funny you mention. Years ago I was playing tennis with a guy who said he was getting his CFP credential. I mentioned to him that people could get all the knowledge they need from a $20 book, so no need to pay for a financial planner. He said, Yeah, but... they will pay you to tell them that". :)
  14. Scataphagos

    You want rate cuts?? Well as markets fall your wishes are coming true!!

    Not only that.. buy the cycle gurus are forecasting a PICKUP IN INFLATION beginning in the August numbers. If so, what's JPow gonna do then??
  15. Scataphagos

    Trading one Asset only

    Personally, I'd suggest "highly focused". You can learn to trade very effectively only a few*/one issue... like one of the SPs or Nas. Years ago I read a clip about some guy who "trades only the ES... and has only a couple of losing days/year." I can believe that because my experience has...
  16. Scataphagos

    Financial advisor fuckery...

    Dig that. I am also a CFP and was even part of the adjunct faculty of the College For Financial Planning. I've told many people they could get all they need to know about financial planning from a $20 book... EXCEPT for the investing part. You mention "licensed". Back in my day, no license...
  17. Scataphagos

    ES Making Things Easy on Traders Just Now

    May be smaller trades between, but market isn't going anywhere significant without breaking Support/Resistance. FWIW....
  18. Scataphagos

    High end watches sales continue to decline!!

    Just goin' for a laugh. I also have a Cyma and a Tag... nothing especially interesting about them. I'll try to be more poignant for you next time. :)
  19. Scataphagos

    The maximum leverage allowed for forex trading

    Why in the world would anyone want to play 500:1 leverage? If the market moves against you 0.25%, your position is wiped out.
  20. Scataphagos

    High end watches sales continue to decline!!

    Best watch I ever bought is a Seiko Automatic which I bought from a little shop on Gate 2 Street in Koza, Okinawa, Japan, 50 years ago. Cost $27... still running just fine! :)
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