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  1. M

    Chinook's EUR/USD (E/$)Mumblings

    Would this be Jack Crooks, from Blackswancapital? (mentioned earlier in this thread) If so, I read the last 10 newsletters he has online. His charting is OK, but I'm a bit disappointed by his "interpretation" of "funnymentals". I know that in the world of the stockmarket, being a...
  2. M

    ib tws down

    Yes, it was a general problem. While waiting for Customer Service to report it (as the Website said "all systems normal") I found out there's a new "ticket" system to report problems and used it. Nice feature IB.
  3. M

    NYMEX: Revisted

    Probably, best combination would be IPE on Eurex's proven platform (based on feedback about how BAD IPE is with technology). But, I wouldn't hold my breath...
  4. M

    Chinook's EUR/USD (E/$)Mumblings

    Any other kind souls who can help me understand this capital outflows lack of effect on assets "conundrum" ?
  5. M

    Chinook's EUR/USD (E/$)Mumblings

    Ivanovich, great pictures! On the subject of forex... and EUR/USD in particular: Technically: Didn't USD just make a double top at 89.x with a confluence of many other technical indicators (measured move, MACD divs, Andrews lines etc), suggesting a high possibility for reversal ...
  6. M

    Trading vs investing markets (forex, bonds, stocks)

    My scope for asking the question, was from the point of view of "big money". E.g. let's say PIMCO has 200bn "invested" in US notes. It might liquidate those $200 billion worth of US 10yr notes and "trade" (convert) the proceeds into Euros via the FOREX market and "invest" them into German...
  7. M

    Alexander Elder

    My 2cents: 1. Elder is NOT a trader. He is a traders' COACH / vendor. 2. His first book "Trading for a living" was a big success (catchy title especially if you consider the timing, as everyone in the US dreamed to "make it big" in stocks in the late 1990s bullmarket). It was an OK...
  8. M

    Trading for a living

    I assume you are referring to spot forex brokers (FXCM, Oanda, RefcoFX, Man, etc), as in currency futures it's just another contract. Why would anyone prefer those spot forex brokers, over the transparency and -nowadays- decent liquidity of CME currency futures? I've looked into those spot...
  9. M

    Gold breaking out

    No rocket-science required to calculate gold tonnage for GLD. They publish it EOD everyday at their website. Including historical data (how many tons of gold on X day). Infact, they also provide the numbers of the gold bars held by the fund. Apparently there was a lot of fuss initially about...
  10. M

    Gold breaking out

    Sure. And if SPY/QQQQ/etc ETFs would dump 60% of their holdings, it'd also be "very disruptive" If I had to guess, I'd have the following theories: Some people decided to put e.g. 5%-10% of their liquid assets in gold. They may take some profits as price rises, to maintain a fixed exposure...
  11. M

    Gold breaking out

    Actually it was 3.1 tonnes. It was about 1.8% of its gold inventory (was 179.1 tonnes, now it's 175.99). GLD's volume is very small vs the gold market. It was important to make gold easily available to the small guy, but it's impact on price -beyond the accumulation of the first 100 tonnes in a...
  12. M

    POLL - What is your status?

    I think it is because of the phrasing: you defined "professional" is being "employed", i.e. "paid to play". E.g., if Aaron Schindler (quick example which comes to my mind, as he answered earlier in this thread), chose not to deal with the hassles (e.g. CFTC audits) and/or paper-work of being...
  13. M

    BEST J-TRADER FEED around

    Are you using them currently? I've had some problems with Man's PATS in the past (but it was a couple of years ago). I haven't kept up with PATS updates etc, so I'd like to ask those who are using it: does the back-end/API remain the same (last couple of years) and they upgrade the Java-based...
  14. M

    Chinook's EUR/USD (E/$)Mumblings

    I would appreciate some feedback from the FX experts: about how capital flows between currencies should/would affect assets (bonds, stocks, RE etc) denominated in those currencies. Not FX-specific so I posted it under: http://www.elitetrader.com/vb/showthread.php?s=&threadid=51198
  15. M

    Trading vs investing markets (forex, bonds, stocks)

    I have a question and would appreciate feedback. Not trading-related, but about how capital flows between currencies should/would affect assets denominated in those currencies. Stricly defiined, forex / currencies is not a market to "invest" into. It's a "trading" market. i.e. once I...
  16. M

    US Treasury Bonds Futures

    I would think -as you point out- that one should do long-term analysis using yield. Next "best" option would be unadjusted futures. Backadjusted futures prices (as used in chart of original message) are useless and misleading for charting. But they're very useful for trading-system...
  17. M

    the EU mess

    You laid out the facts quite nicely. Just a small addition, you meant to say FOX, not CNN. CNN is considered "left wing" nowadays.
  18. M

    Trading Recipes question

    The value per tick is set in the data-pages for each market. A lot depends on how you test. E.g. if you have 56 trades (i.e. initiation/liquidation signals) you may still need to factor in the extra costs due to rollovers (TR does it for you if you use HST files) You can also try asking...
  19. M

    EurexUS, will it work?

    EUREXUS should list as many PHYSICAL COMMODITIES on ELECTRONIC EXCHANGE as is doable. Take the business from pits of NYMEX, LME etc. CBOT has started the game with electronic gold/silver. But they're keeping the pit for the rest.
  20. M

    FX v Futures on FX

    Basically, nowadays spot-fx is only advantageous if one is trading a small account (as contracts are >$100k and mini currency futures never took off). In all other cases, currency futures are the market to trade.
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