GloriaBrown,
I don't know what you're talking about via that quote or maybe your reading comprehension skills are poor or you decided to quote an entire passage instead of only quoting something directly to what I said. I said the following quote to you and I'm not sure what it is you don't understand.
...By the way, CIS does use charts with his bid/ask/T&S screens but just doesn't use any technical indicators or traditional chart patterns. In fact, I've met a lot of people that use charts but they just don't use any technical indicators or chart patterns. They're mainly bid/ask/T&S screens and then use charts to help them select the right trading instrument...
Just to be clear...
1) I never said anything about fundamentals, subscription to the Nikkei, newspapers, earnings reports, central bank statements.
2) I've only talked about his use of twitter, chat rooms with those he knows and trust...the info he gets from "them".
3) I've only talked about his use of
charts. I didn't say anything about him using technical indicators (technical trading). My original reply was directly to your comment that he does
not use charts. What you stated is
FALSE because he does use charts.
Note: Its possible that you're one of those that believe anytime someone uses a chart...they must be using indicators (e.g. RSI, MACD) or traditional chart patterns (e.g. H&S pattern, Flag breakout). Contrary, many people that do chart analysis do not use indicators nor traditional chart patterns). Now you know the difference in that a trader can do chart analysis without technical trading. Simply, please be more careful next time when you say someone "does not use charts" when you meant to say that someone "does not use technical analysis".
He does do
volume analysis and talks frequently of such. Some traders considers volume analysis as a form of technical analysis or technical trader. I don't argue about the semantics of such about volume analysis involving if its a form of TA or not TA because I believe someone can use volume in their T&S screens (not bid/ask screens).
4) I've only talked about his use of bid/ask/T&S screens as his primary trading tool although his use of twitter and chat rooms is high up on his list as an important trading resource. You responding via asking what is T&S screens in which I reply back with an explanation.
5) CIS has a twitter account and so do his trading pals, video gaming pals and gambling pals. His account @
https://twitter.com/cissan_9984 and if you know a little Japanese...you'll know which of his friends are traders, which are just gamers and which are just gambling buddies and which of them he communicates with during the trading day about trading.
I suspect (without any proof) that he has "another" twitter account in which he communicates only to those he trust the most about trading. My suspicion is that they
plan their trades together which is what I hinted at involving others (institutional traders) doing such in the FX markets on bloomberg messaging chat room and on twitter...a big concern if you and your trading pals have a large stake in whatever it is that you're trading.
The Cartell @
http://www.bloomberg.com/news/artic...at-room-traders-boasted-of-whacking-fx-market
6) The above article makes you wonder how a small group of traders can influence the overall market direction via positions at a key point in the price action.
Simply, although the article above is
not about CIS...he does monitor closely any critical market events especially if he's in the middle of a trade...such as the EuroZone (Greek) financial crisis. He does communicate privately with those "he trust" prior to posting any trade info on twitter. Now think about such very carefully...how does someone like CIS monitor the Greek finanical crisis while in the middle of a trade position after everything I've stated above ?
He's not doing such via television.
Once again, I have no proof of CIS doing such but it could explain why he's somewhat secretive about his identity just like all others that did such on Bloomberg before getting caught. The other thing that doesn't add up about CIS...he lives in a
rented apartment as of December 2015...after making all those millions of dollars for the prior few years especially after his big year in 2015 (months prior to December). Heck, even the few institutional Japanese traders that I know making a few hundred k live in homes or condos...none in a rented apartment. He also states he lives like such to prevent being a target of robbery or extortion.
Seriously, if you were that afraid...wouldn't you live in a secure protected home or condo ? More importantly, why would you then have a twitter account to announce many things from your private life including photos of your video/gambling buddies ?
In fact, the last time I heard about a multi-million dollar profitable trader living like such was some a algorithm trader making such out of his parents home (flat)...he was caught doing something illegal.
http://www.telegraph.co.uk/finance/...ering-global-markets-flash-crash-in-2010.html
Regardless, getting back to the discussion about CIS,
twitter is a useful trading resource for him and is the chat rooms. He had a blog but got rid of it. Anyways, surely you don't think he wakes up and watches the financial news on TV to make his trade decisions.
Just ask yourself this, if you lived in Japan (I have) and you were making millions of dollars and you want to be secretive and you fear being robbed or extorted...
how would you live ?
Would you live in a rented apartment, post pictures and videos on twitter of your friends, post pictures and talk about where you hang out with your friends, discuss where you going and when your going on twitter...seriously...would you be doing that with that type of fear (robbery and extortion) while secretive about your identity and so public about everything else.
Hopefully the above is now clear to you.
