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  1. Scataphagos

    I was a senior trader. Now I’m a programmer. Here’s why

    Could do it now, you know, "with what you know about TA". If you can earn 2 points/day on 20-lots in the ES... that's $500k/year. Scale up from there.
  2. Scataphagos

    I was a senior trader. Now I’m a programmer. Here’s why

    Sorry, I didn't catch the link. Thought you were talking about yourself. My fault.
  3. Scataphagos

    I was a senior trader. Now I’m a programmer. Here’s why

    I get that. I was just asking, "which were you"? Can't imagine many ETers think of "trading" as merely executing the orders from customers. No stress nor profit potential in that.
  4. Scataphagos

    I was a senior trader. Now I’m a programmer. Here’s why

    What is that, exactly? Your job is to execute trades for others... that's what makes you a "trader"?? Or did your livelihood (with either your capital or others') depend upon making "profitable market decisions while protecting capital"?
  5. Scataphagos

    I was a senior trader. Now I’m a programmer. Here’s why

    O Or... you could learn "Price TA".
  6. Scataphagos

    Turkish Lira (TRY)

    In the end we are talking about the same thing "devaluation" => "revaluation"... but that was only a footnote to my original post.... which was about "Turkey having a long history of inflating their currency into near oblivion and destroying the buying power of its people". In their last great...
  7. Scataphagos

    Old Timer's Advice On Trading This Market

    1. Volatility has returned. That's good. More chance to make nice gains when traded well. 2. Markets are very "jumpy". Any news or jaw-boning on various topics gets a knee-jerk response in the markets, up or down.... some of which are big. 3. Frankly, I don't see how anyone can trade...
  8. Scataphagos

    Turkish Lira (TRY)

    You got it wrong, buckeroo. A 1:10 stock split preserves the buying power. In Turkey, it got so bad that a cup of coffee cost 3 million Lira. After the "revaluation" of 1:1 Million, a cup of coffee cost 3 Lira. The revaluation is just arithmetic. It was the devaluation via inflation that...
  9. Scataphagos

    What are 1/32, 1/64, and 1/256 colloquially known as?

    Say that fast 5 times.
  10. Scataphagos

    What are your thoughts on gold backed crypto?

    Backed by gold (or anything)? The entire notion of crypto is "money backed by nothing"... with the expectation/belief that a greater fool will pay more for it than you did. (So far, that's sort-of-working. Yet to be determined in the longer run.) A "supposed crypto" with any backing at all...
  11. Scataphagos

    Turkish Lira (TRY)

    Turkey has a long history of being a "serial devaluer" of their currency. Caution to anyone who cares to bet otherwise. Last BIG one was a "1-for-1,000,000" job. ~2005, if I recall. IOW... the government "lopped 6-zeroes off of the old currency to make the new". (Same game America is...
  12. Scataphagos

    How to identify Choppy days

    ATR and MACD.... poor tools for trading. It's "chop" when the amplitude is too small and the frequency of direction change is too great so that you feel you can't trade it. In that case, "buy bottom the range, sell the top of the range"....presume all in between is untradable noise to be...
  13. Scataphagos

    does it work

    Ditto!
  14. Scataphagos

    Big banks have found a new way to stay in the subprime lending business

    Hey, why not. Find a way to keep issuing sub-prime loans.... above market rates + origination fees. Then, when it all goes tits-up, tax-payer bails you out. 'Merica. What a country!
  15. Scataphagos

    Why does Volume matter? Isn't non-involvement from institutional buyers itself a signal?

    Hey, it's America. You're entitled to believe anything you want. (Well, used to be.) Years ago I "considered volume". Then one day it dawned upon me that there no longer was (and perhaps never was) a correlation to price. And if that was the case, then I was harming my results and wasting...
  16. Scataphagos

    Why does Volume matter? Isn't non-involvement from institutional buyers itself a signal?

    Important highs and lows are made on high volume or low volume... neither definitive about future price movement and therefore irrelevant. The is one "volume correlation" that seems to hold up. For an individual issue, there tends to be a HUGE volume spike when the price is down ~90% from its...
  17. Scataphagos

    Why does Volume matter? Isn't non-involvement from institutional buyers itself a signal?

    Could also be... that there was more in the time charts to see that you didn't or didn't understand its significance... and that's the actual differential. Not saying it "is", just that it might.
  18. Scataphagos

    Why does Volume matter? Isn't non-involvement from institutional buyers itself a signal?

    Sounds like you're a "volume devotee". Plenty of info which suggest you should not be.
  19. Scataphagos

    Why does Volume matter? Isn't non-involvement from institutional buyers itself a signal?

    *Does not apply if you use volume as a surrogate for time.... as in "volume bars" or "constant volume bars"... that's entirely different. I included the above primarily for you. :) Not to pick nits.... but I'm skeptical. a. You plot "#of contracts" to make a bar along the time axis... which...
  20. Scataphagos

    Xi has spoken...Look at those futures rise.

    With Xi's speech, looks like Kudlow can take a night off from flapping his gums.
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