Trading the FOMC
- Thread starter steve46
- Start date
People get upset when you take away their livlihood.
The way it started was that a friend was solicited to buy a system from either Samson/Woody or his mentor. All we know for sure is that Samson proposed the idea by email (big mistake). I looked at the material and identified it as LInda Raschke's (I had bought the same stuff more than a decade earlier for $695). I called Linda and Chris at their site and told them someone was trying to sell their copyrighted material to my friend. That is how this all started. If you have read the thread "steve46" you know that he either suggested or tried to sell the same system or an "advisory" service to other newbies. You all know the rest.
Steve
The way it started was that a friend was solicited to buy a system from either Samson/Woody or his mentor. All we know for sure is that Samson proposed the idea by email (big mistake). I looked at the material and identified it as LInda Raschke's (I had bought the same stuff more than a decade earlier for $695). I called Linda and Chris at their site and told them someone was trying to sell their copyrighted material to my friend. That is how this all started. If you have read the thread "steve46" you know that he either suggested or tried to sell the same system or an "advisory" service to other newbies. You all know the rest.
Steve
Well that depends.
He got what amounted to a scolding from Chris Terry of Linda's site. Chris asked him to cease and desist marketing the material.
Samson's attitude was basically "bite me"
He knew that it was expensive for them to go after him unless it could be proved that he was making a lot of money mass distributing the material. Just refering people to a third party, or selling it in ones and twos didn't really make it worth while for LInda and Chris to go after him. They were content to wait and observe until it could be proved that he was doing this in an assembly line fashion.
I got a little bit pissed off about this and got myself banned. Other ET members (like Ozzy for instance) decided to stand up and say something about it in the thead "steve46".
I think that covers it. I may have some of the details off, but basically that is it.
Again, I suggest just ignoring from now on.
Steve
He got what amounted to a scolding from Chris Terry of Linda's site. Chris asked him to cease and desist marketing the material.
Samson's attitude was basically "bite me"
He knew that it was expensive for them to go after him unless it could be proved that he was making a lot of money mass distributing the material. Just refering people to a third party, or selling it in ones and twos didn't really make it worth while for LInda and Chris to go after him. They were content to wait and observe until it could be proved that he was doing this in an assembly line fashion.
I got a little bit pissed off about this and got myself banned. Other ET members (like Ozzy for instance) decided to stand up and say something about it in the thead "steve46".
I think that covers it. I may have some of the details off, but basically that is it.
Again, I suggest just ignoring from now on.
Steve
well that clarifies things a bit. i was just confused as to all the attacking especially towards you.. you seem to have helped out the little guy many times which i find it to be very generous.
I don't personally have a problem with anyone on here but one thing is true your a true guy. by doing a search here on ET proves it.
thanks again Steve
I don't personally have a problem with anyone on here but one thing is true your a true guy. by doing a search here on ET proves it.
thanks again Steve
Wow, that puts you in like in 2,345 spot on ET. You and you aliases contributed at least half of views but that is OK. All your postings are just designed to make you feel better and take you away from reality. Which is not that great. As a dreamed up hedge fund manager, imagined engineer and one lot paper trader, you have everybody's pity.
1/You manufactured fake emails and used them as basis for attacking me. Great accomplishment for ET village idiot. Too bad you did not get handles spelling right .
2/ You are calling me an old man when in fact you are at least 10 years older then me. That is just plain funny.
3/ Your frequent talks about others to be homosexuals show that you trying to vent your personal shame you feel for being one.
4/Keep clipping and rewriting articles from magazines and books and post them as your own if it feels good. Your groupies cannot tell difference anyway.
Good luck to you in your dream world , my little, wrinkly, ignored and attention starved fruitcake.
Congrats, you are on my ignore list now, please send me all of your aliases( supporters ) so I can put them there also.
You can put it on your resume:
1/ Have 3,000+ views on ET chit chat forum and made it on Walther's prestigious " Ignore the clowns " list.
Thanks Walther for another valuable contribution to my thread and for your long career here at ET.
I am sure no one would be able to trade the FOMC meeting without your help. Please continue to show us how to trade the FOMC announcement day.
We are all waiting to see how you do it.
Steve
Edit:
This is why people don't care for you sir. Its all about you. You have nothing to contribute that helps others in a meaningful way. I am guessing that many here hope to be "ignored" by you.
I am sure no one would be able to trade the FOMC meeting without your help. Please continue to show us how to trade the FOMC announcement day.
We are all waiting to see how you do it.
Steve
Edit:
This is why people don't care for you sir. Its all about you. You have nothing to contribute that helps others in a meaningful way. I am guessing that many here hope to be "ignored" by you.
hi all,
I pulled some data for ER2 since 2002 to excel.
Avg High - Low of FOMC day = 8.75 points.
Avg High - Low of FOMC day up to 1300 CT = 5.6 points.
+/- 3 point from 1300 CT to close.
I also did some correlation analysis between up/dn rate and up/dn day = 0.086.
Conclusion:
If the big bar (spike) start near the low of the day and going up, it will go up on avg +/- 8 points. If it starts near the high, then it will go up +/- 3 points and reverse. Same on the downside.
am I going at the right direction here?
thanks,
g0d0t
I pulled some data for ER2 since 2002 to excel.
Avg High - Low of FOMC day = 8.75 points.
Avg High - Low of FOMC day up to 1300 CT = 5.6 points.
+/- 3 point from 1300 CT to close.
I also did some correlation analysis between up/dn rate and up/dn day = 0.086.
Conclusion:
If the big bar (spike) start near the low of the day and going up, it will go up on avg +/- 8 points. If it starts near the high, then it will go up +/- 3 points and reverse. Same on the downside.
am I going at the right direction here?
thanks,
g0d0t
You are in the right direction. The highest the range is, the more uncertain the market is about the current trend.Quote from g0d0t:
hi all,
I pulled some data for ER2 since 2002 to excel.
Avg High - Low of FOMC day = 8.75 points.
Avg High - Low of FOMC day up to 1300 CT = 5.6 points.
+/- 3 point from 1300 CT to close.
I also did some correlation analysis between up/dn rate and up/dn day = 0.086.
Conclusion:
If the big bar (spike) start near the low of the day and going up, it will go up on avg +/- 8 points. If it starts near the high, then it will go up +/- 3 points and reverse. Same on the downside.
am I going at the right direction here?
thanks,
g0d0t
Okay folks,
You have the right attitude however your analysis doesn't help you to trade much.
What I suggest is that you go find a copy of "The mathematics of technical analysis" by Clifford J. Sherry & Jason W. Sherry.
What Dr. (Cliff) Sherry does is to outline how to analyze data series such that you can find "temporal windows" where non-random behavior occurs (like economic reports, earnings reports, program trades, etc). In addition, if you take the time to do this kind of analysis regularly you get a feel for how your target market moves. For instance, what is the usual opening range?
What is the difference between a pullback in a trend day, and the start of a reversal? What is your best stop loss size? The answers to these questions might make the difference between a break even traders and a truly profitable trader.
For those who use Esignal, what you do is to export data from that package to Excel. Then using the built-in statistical functions, or by hand (in the book) you can develop a feel for how your market acts.
I hope this make some sense. We can get into it in depth if there is an interest.
Steve
You have the right attitude however your analysis doesn't help you to trade much.
What I suggest is that you go find a copy of "The mathematics of technical analysis" by Clifford J. Sherry & Jason W. Sherry.
What Dr. (Cliff) Sherry does is to outline how to analyze data series such that you can find "temporal windows" where non-random behavior occurs (like economic reports, earnings reports, program trades, etc). In addition, if you take the time to do this kind of analysis regularly you get a feel for how your target market moves. For instance, what is the usual opening range?
What is the difference between a pullback in a trend day, and the start of a reversal? What is your best stop loss size? The answers to these questions might make the difference between a break even traders and a truly profitable trader.
For those who use Esignal, what you do is to export data from that package to Excel. Then using the built-in statistical functions, or by hand (in the book) you can develop a feel for how your market acts.
I hope this make some sense. We can get into it in depth if there is an interest.
Steve