Are there any city traders on here?
Discussion
http://ftalphaville.ft.com/blog/2010/07/13/284306/...
Maybe Mystic is now working in shorter timescales
Maybe Mystic is now working in shorter timescales
Mystic said:
limpsfield said:
His name is Robert Prechter and he thinks the Dow will fall well below 1,000 over within the next six years.
... as you know, I am not looking at Dow at the moment, but as we are more than half way now through the current bear cycle, which started in January 2000, my guess is that we have seen the worst of it...I could be wrong, but Prechter should have seen enough charts over the years to realise that the bottom price is made at (or by) the middle of a cycle and as we’ve gone past that, there is more chance of Sepp Platter deciding and announcing live in Madrid on Spanish TV, whilst only wearing one of NW's orange thongs, that Lampard’s goal against Germany was a goal and that we should take the FIFA World Cup Trophy from Spain, get all the teams back to Africa and re-run the World Cup tournament from the kick off following Lampard’s reinstated goal, than the Dow heading south as far as 1,000!
... always be wary of the market “gurus” that make their money from subscriptions to their news letters or from commissions charged on the buying/selling of shares or from books/courses they sell to those that know less than them
... I know for a fact that Prechter had very close contact with the requisite basic knowledge over 20 years ago to have worked out, if he had the nouse, the exact time the Dow would bottom out, so to read him say the Dow would bottom “between about 1,000 and 3,000 points over the next five to seven years” is too vague. If he really knew what he was talking about, he should be able to tell us the exact day and time the Dow would bottom
If you are about, YHM.
PS Like the "nouse" reference!
Regards,
Anthony
My first experience with trading was with Selftrade LTD, they assured me (when I called) that they would offer tutorials for starting as I had a limited understanding- mainly of the jargon terms and important factors, and the online lessons were limited and failed to deliver a good service, so after somehow making £25 quid in about 2 hours I withdrew the money and forgot about it haha.
Does anyone have a good site/lesson tutorial for beginners like myself?
Does anyone have a good site/lesson tutorial for beginners like myself?
Horrocks said:
My first experience with trading was with Selftrade LTD, they assured me (when I called) that they would offer tutorials for starting as I had a limited understanding- mainly of the jargon terms and important factors, and the online lessons were limited and failed to deliver a good service, so after somehow making £25 quid in about 2 hours I withdrew the money and forgot about it haha.
Does anyone have a good site/lesson tutorial for beginners like myself?
Go to www.capitalspreads.comDoes anyone have a good site/lesson tutorial for beginners like myself?
Setup a dummy account. Play with that for a month or two then start to do it for real.
Timmy35 said:
Horrocks said:
My first experience with trading was with Selftrade LTD, they assured me (when I called) that they would offer tutorials for starting as I had a limited understanding- mainly of the jargon terms and important factors, and the online lessons were limited and failed to deliver a good service, so after somehow making £25 quid in about 2 hours I withdrew the money and forgot about it haha.
Does anyone have a good site/lesson tutorial for beginners like myself?
Go to www.capitalspreads.comDoes anyone have a good site/lesson tutorial for beginners like myself?
Setup a dummy account. Play with that for a month or two then start to do it for real with IG Index.
OI IG WORKERS. I KNOW YOU'RE READING THIS. SORT OUT A DEMO ACCOUNT SYSTEM!!
Capital Spreads, Paddy Power, ETX... they all offer demo accounts so you can learn how things work. Ultimately, I only trust IG with my live account.
Timmy35 said:
Horrocks said:
My first experience with trading was with Selftrade LTD, they assured me (when I called) that they would offer tutorials for starting as I had a limited understanding- mainly of the jargon terms and important factors, and the online lessons were limited and failed to deliver a good service, so after somehow making £25 quid in about 2 hours I withdrew the money and forgot about it haha.
Does anyone have a good site/lesson tutorial for beginners like myself?
Go to www.capitalspreads.comDoes anyone have a good site/lesson tutorial for beginners like myself?
Setup a dummy account. Play with that for a month or two then start to do it for real.
ant1973 said:
YHM
AnthonySaw your email at the weekend and have been thinking about how to do justice to your points 2 and 3.
I don't normally openly recommend books/web sites, but thought I would post a couple of links which relate to two videos (part of series) that I looked at very recently. They may be of interest to others too?
One video deals with the micro view, what happens inside a person; the other looks at a very macro perspective and deals with the time scales relating to the evolution of the Earth (and organic life on it).
Folk can take what they wish from these; it’s OK, however diverse and conflicting their interpretations are. If on the other hand one is in the business of trying to make big money out of the futures markets (without being a nervous wreck in the process!), the aims are specific and not subjective. One needs to understand how to basically join the macro to the micro and begin to open up to the possibility in one’s mind that what we see as the Dow price/time chart is merely our formatory sequential perception of what is already there (ie: the future coexists with the past and the present - I know its sounds daft). It’s not going to happen instantly, so take your time; ideas need to ferment in one’s mind (sometimes for many years).
I should add that although I have not looked at all the works/videos of the presenters; I am not sure of their backgrounds and am not promoting all they may say, I merely liked the "jist" of what they were saying (in the parts I saw – the videos are quite long!) and it struck a chord with my understanding of how the markets "work".
In answer to the recent post on here re how to make money out of the markets, as I have said before, "one needs to deal with causes and not effects"; the "jist" of these videos may help folk understand what the "cause" may be. The best first lesson to learn when trading the markets is to realise that we know very little and hopefully that would create an incentive to be open to learning more (hopefully from this thread one will realise how deep one needs to go to really get to grips with the underlying subject matter - ie: what is a human being?). Lessons are best learnt when money is lost and there is a “hurt” factor involved of some sort – so I always advocate: start trading as soon as possible and get the first lesson out of the way!
As to which books to read, obviously its best to try and learn from the teachings of those that have made a success out of actually trading the markets very successfully and understand how the cycles in the markets work; incidentally, they may be the worst in trying to explain how they do it! The easiest books to read are the ones written by professional authors that are great at writing; but sadly don’t have a clue as to what really drives the markets - so one needs to make a choice, are we to read a book to be "entertained" or to learn something valuable?
Hope it helps...
Mystic said:
It’s not going to happen instantly, so take your time; ideas need to ferment in one’s mind (sometimes for many years)
... and after just four hours:NoelWatson said:
Mystic said:
Hope it helps...
No.
try watching without the heavy duty blinkers and the ear muffs; and let it ferment, Rome wasn't built in a day!Mystic said:
try watching without the heavy duty blinkers and the ear muffs; and let it ferment, Rome wasn't built in a day!In the Mayan calendar video, do you see a bloke who has really spotted the evolution of consciousness through the Mayan calendar, or a nice hippy who has created a myth which excuses the people whose behaviour he dislikes (govts, corps only doing what the evolution of consciousnes dictates ... being out of touch with his parents in his teenage years explained the same way) and giving him hope for the future ... new technology on the horizon, triumph of ethics over power, meet the alien neighbours in a couple of years ... give up thinking and rely on intuition.
He's built a mystical fantasy to help himself deal with his life. Doesn't make him a bad person. But he is deluding himself.
ok...on another topic. views on this.
On August 24th 1987 - 5 planets were on the same elliptical longitude this last
happened 800 years ago. This move preceded the 1987 crash.
On August 6th 2008 - Mars-Uranus had a crash cycle preceding the 2008
collapse.
This August 1st +/- 1 week 5 planets will be aligned this will equal a cardinal
climax and has not happened in 1,000 years ,so watch out stocks markets. The
S&P500 index having formed a Head and Shoulders pattern suggests a
breakdown target of 880 in the cash market the 61.8% retracement of the move
since the 2008 lows, and for the Dow to 8,300. This is my call to happen by early
October so a short sharp decline in stocks is potentially brewing
On August 24th 1987 - 5 planets were on the same elliptical longitude this last
happened 800 years ago. This move preceded the 1987 crash.
On August 6th 2008 - Mars-Uranus had a crash cycle preceding the 2008
collapse.
This August 1st +/- 1 week 5 planets will be aligned this will equal a cardinal
climax and has not happened in 1,000 years ,so watch out stocks markets. The
S&P500 index having formed a Head and Shoulders pattern suggests a
breakdown target of 880 in the cash market the 61.8% retracement of the move
since the 2008 lows, and for the Dow to 8,300. This is my call to happen by early
October so a short sharp decline in stocks is potentially brewing
maximm said:
ok...on another topic. views on this.
On August 24th 1987 - 5 planets were on the same elliptical longitude this last
happened 800 years ago. This move preceded the 1987 crash.
On August 6th 2008 - Mars-Uranus had a crash cycle preceding the 2008
collapse.
This August 1st +/- 1 week 5 planets will be aligned this will equal a cardinal
climax and has not happened in 1,000 years ,so watch out stocks markets. The
S&P500 index having formed a Head and Shoulders pattern suggests a
breakdown target of 880 in the cash market the 61.8% retracement of the move
since the 2008 lows, and for the Dow to 8,300. This is my call to happen by early
October so a short sharp decline in stocks is potentially brewing
I have some magic beans. Would you be interested in purchasing them?On August 24th 1987 - 5 planets were on the same elliptical longitude this last
happened 800 years ago. This move preceded the 1987 crash.
On August 6th 2008 - Mars-Uranus had a crash cycle preceding the 2008
collapse.
This August 1st +/- 1 week 5 planets will be aligned this will equal a cardinal
climax and has not happened in 1,000 years ,so watch out stocks markets. The
S&P500 index having formed a Head and Shoulders pattern suggests a
breakdown target of 880 in the cash market the 61.8% retracement of the move
since the 2008 lows, and for the Dow to 8,300. This is my call to happen by early
October so a short sharp decline in stocks is potentially brewing
fesuvious said:
Chartist theory:
Head and shoulders, what goes up, must come down
retracement to previous low
etc etc
edited to add piccy
not mine, just googled for it, but you get the picture
The human eye has a remarkable ability to read patterns in random data!Head and shoulders, what goes up, must come down
retracement to previous low
etc etc
edited to add piccy
not mine, just googled for it, but you get the picture
Edited by fesuvious on Tuesday 20th July 09:02
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