How on earth are the indicies markets all so extremely bullish??!

[MADASINHATTER]

Quote from Rabbitone:

Excuse me….

It never ceases to amaze me that traders like you who have posted 39 times since June 2011 jump all over someone like NoDoji . She has posted more than 7000 entries since May 2008 and sponsored journals where we have seen her grow into one of the finest teaching traders on ET. Sorry Mad Hatter but it is you have very little credibility with your posts compared to hers.

If you read the 1000s of posts of NoDoji you will see that it is her open mind, persistence, hard work and ability to refocus that have made her an excellent trader worth listening to. Traders like me are always grateful to NoDoji for rising above the ET trash mouth responses she receives to post such thought provoking posts on trading. Keep up the posts NoDoji.

What's amazing? I wouldn't read 1000 posts of anybody on the planet,life is too short.From what little i know about her style you could just read al brooks bar by bullshit,or whatever,work hard at it,and do the same as nodoji.But don't kid yourself that she has an edge.No retailer has an edge period.The fact that so many here believe the opposite is what i find 'amazing'
I see when you registered and yet after all this time you still need to read 1000 posts.What can i say? Number of posts is not some badge of honour,nor an indicator of anything in itself other than quantity.How do you know i don't have 1000 posts under another name?
I didn't say she couldn't trade.I didn't say she doesn't make money.I did acknowledge all the hard work and dedication,explanation demonstration etc.
All i said was her ambitions were set too low,and she told me it didn't suit her personality to take it to the next logical level.


I

 

[Rabbitone]

ET is filled with whining Trolls who contribute nothing of substance to the forum but blasting attacks. Then there are those few who go out of their way, like NoDoji, to communicate successful trading methods and concepts.

You make statements like “But don't kid yourself that she has an edge. No retailer has an edge period. The fact that so many here believe the opposite is what i find 'amazing' “ No one believes this trollish kind of wild proclamation unless you can provide some substance to back it up.

Then you write “I see when you registered and yet after all this time you still need to read 1000 posts. What can i say? Number of posts is not some badge of honour, nor an indicator of anything in itself other than quantity…” Well lets see how I do it…I’m retired in the northern U.S.. For six months of the year I veg at my cottage, fish on my boat or travel. Then the other six months I run my automated systems to pay for the six months at the cottage and traveling. With the automation humming out trades in the winter months I read ET and contribute on ET. So yes I may have read 1000’s of NoDOji’s posts. I especially like NoDOji because even though we trade completely different she does an excellent job of communicating trading concepts all the while brilliantly deflecting troll attacks.

Then you said “All i said was her ambitions were set too low, and she told me it didn't suit her personality to take it to the next logical level.” I retired from the financial industry as part of IT. I can see why she would not want to take it to the next level. Getting to ‘just enough’ leaves lots of room for living the life that is ‘too short.’

Quote from MADASINHATTER:

What's amazing? I wouldn't read 1000 posts of anybody on the planet,life is too short.From what little i know about her style you could just read al brooks bar by bullshit,or whatever,work hard at it,and do the same as nodoji.But don't kid yourself that she has an edge.No retailer has an edge period.The fact that so many here believe the opposite is what i find 'amazing'
I see when you registered and yet after all this time you still need to read 1000 posts.What can i say? Number of posts is not some badge of honour,nor an indicator of anything in itself other than quantity.How do you know i don't have 1000 posts under another name?
I didn't say she couldn't trade.I didn't say she doesn't make money.I did acknowledge all the hard work and dedication,explanation demonstration etc.
All i said was her ambitions were set too low,and she told me it didn't suit her personality to take it to the next logical level.


I

 

[galvinlee888]

Quote from MADASINHATTER:

What's amazing? I wouldn't read 1000 posts of anybody on the planet,life is too short.From what little i know about her style you could just read al brooks bar by bullshit,or whatever,work hard at it,and do the same as nodoji.But don't kid yourself that she has an edge.No retailer has an edge period.The fact that so many here believe the opposite is what i find 'amazing'
I

I agreed - Al Brook explanation is more on the hint side and after event claim, if you give him the same chart again and ask him what is going to happen next bar, I bet the chance he is right is only 50/50, not any better than flipping a coin.

The profesional traders (NOT the retail traders) have acees to other level of knowledge and infomation that none of the retail traders have or can afford, I know because I saw it before.

The long term trend is always UP, in surface it seemed the buy and hold is the best strategy, however, if you take into the account of inflation, especially with the money printing approach now, you do the math and you have the answer.

 

[newwurldmn]

Quote from galvinlee888:

I agreed - Al Brook explanation is more on the hint side and after event claim, if you give him the same chart again and ask him what is going to happen next bar, I bet the chance he is right is only 50/50, not any better than flipping a coin.

The profesional traders (NOT the retail traders) have acees to other level of knowledge and infomation that none of the retail traders have or can afford, I know because I saw it before.

The long term trend is always UP, in surface it seemed the buy and hold is the best strategy, however, if you take into the account of inflation, especially with the money printing approach now, you do the math and you have the answer.

The biggest edge a retail guy has vs a professional: A professional has to make money almost all the time. This forces him to be long wings and be neutral and be trading even when opportunities aren't great. It also forces him to liquidate when everyone else is.

A retail guy can afford to do nothing for extended periods of time. For a retail guy to exploit this advantage he must have a large enough account that he can afford to do nothing. He can wait for the professionals to get blown out (as they do at the same time) and then engage the markets.

Other than that one edge, the retail guy is at a disadvantage in every way.

 

[Jgills]

It could be that everyone is overlooking what underlies the market indicies. In the case of the U.S. (S&P500) companies in the United States are posting great earnings for the environment we are in. This is forcing the equity bulls out of hiding and they start buying things up, especially when they think its cheap. Of course we still see the euro-nonsense, thats in everyones eyes, and has been.

Think about what the market would do if the euro problem was solved tomorrow. It would most likely sky rocket, but we know it won't be solved tomorrow, so instead we get a slow movement upward as the public believes less and less that we will enter armageddon. Then finally, the eurozone problem is fixed, and the market sells off, then everyone says "wtf itz fixed nz nows we has de sell off. wtf"

You need to be ahead of the curve if you're eyes are going to be on the bigger prize. If you're day trading the ES, why do you care about underlying conditions? underyling conditions aren't making or breaking your day trade, unless you are in a position with enormous event risk and the event is about to take place.

 

[galvinlee888]

Quote from newwurldmn:

The biggest edge a retail guy has vs a professional: A professional has to make money almost all the time. This forces him to be long wings and be neutral and be trading even when opportunities aren't great. It also forces him to liquidate when everyone else is.

A retail guy can afford to do nothing for extended periods of time. For a retail guy to exploit this advantage he must have a large enough account that he can afford to do nothing. He can wait for the professionals to get blown out (as they do at the same time) and then engage the markets.

Other than that one edge, the retail guy is at a disadvantage in every way.

Very good !

If you have a million account, you can always put 70% into the fix income and you know for sure you no need to worry about your bills tomorrow.

I just closed one of my $50K position a few days ago after I hold it for 6 months, with a 18% return.

Day trade in and out ? paying commision and slipage, set a tight stop, looking at tea leaf chart/indicator/TA for entry ? God bless the gambler !

 

[MADASINHATTER]

Quote from Rabbitone:
]ET is filled with whining Trolls who contribute nothing of substance to the forum but blasting attacks. Then there are those few who go out of their way, like NoDoji, to communicate successful trading methods and concepts.


You make statements like “But don't kid yourself that she has an edge. No retailer has an edge period. The fact that so many here believe the opposite is what i find 'amazing' “ No one believes this trollish kind of wild proclamation unless you can provide some substance to back it up.

Then you write “I see when you registered and yet after all this time you still need to read 1000 posts. What can i say? Number of posts is not some badge of honour, nor an indicator of anything in itself other than quantity…” Well lets see how I do it…I’m retired in the northern U.S.. For six months of the year I veg at my cottage, fish on my boat or travel. Then the other six months I run my automated systems to pay for the six months at the cottage and traveling. With the automation humming out trades in the winter months I read ET and contribute on ET. So yes I may have read 1000’s of NoDOji’s posts. I especially like NoDOji because even though we trade completely different she does an excellent job of communicating trading concepts all the while brilliantly deflecting troll attacks.

Then you said “All i said was her ambitions were set too low, and she told me it didn't suit her personality to take it to the next logical level.” I retired from the financial industry as part of IT. I can see why she would not want to take it to the next level. Getting to ‘just enough’ leaves lots of room for living the life that is ‘too short.’ [/B]

To have a different opinion to you = whining troll. It's not an 'attack' it's a debate.Anyone who agrees with me is a troll?Taking it to the next level suggested less work not more. Glad you're enjoying your retirement btw
I contribute nothing trading related because it's difficult to say anything without giving up hard learned insight,and anything else is just talking in riddles. Trading is a lot more simple than most here make it seem.

 

[S2007S]

1300 this week, then off to 1350+ just in time for the santa clause rally.....

I mean the markets already rallied close to 20% in the last month and people are expecting a santa clause rally so here comes the santa clause rally.......

 

[Lights]

We are in an era of unprecedented leveraging and deleveraging and mood swings in very short periods of time.

Quote from spanish89:



Whilst i know the the markets are often illogical,
what on earth could be driving all this extreme bullishness??

 

[Rabbitone]

I agree with you that sound debate on ET can yield excellent results. So let us go back to some of the comments you made that set this thing off:
- Personally i've always found nodoji posts highly irritating.
- What never ceases to amaze me is the never ending line of puppy dogs thanking her profusely and hoping to be sprinkled with the holy water. Don't worry folks the website,trading room and cd are all in the pipeline.

Debate and opinion on ET IMO should be used in the context of trading methods. But In these words above I heard nothing that sounded like a debate or an opinion about the context of her trading methods. These came across clearly as attacks on her and those who listen to her. That is where I started from.

On the other hand I agree that if her skill level that has developed so that she can spot a failed breakout of 2 or 3 ticks it is a stretch of any imagination. I wish her luck on doing it consistently.

I also agree with you it is extremely difficult to talk about how to trade without specifying insight. I have backed down many times in PMs in the last six years because ETers want me to unlock a single sentence I wrote into extensive trading lessons. But to go further would have lead to an avalanche of questions and given my insights all away.

Trading is more simple than people state in these posts. But it is next to impossible to explain to people how a brain can be programmed and conditioned to execute trades correctly each time using a simple set of rules.

Quote from MADASINHATTER:

To have a different opinion to you = whining troll. It's not an 'attack' it's a debate.Anyone who agrees with me is a troll?Taking it to the next level suggested less work not more. Glad you're enjoying your retirement btw
I contribute nothing trading related because it's difficult to say anything without giving up hard learned insight,and anything else is just talking in riddles. Trading is a lot more simple than most here make it seem.