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Old Nov 24, 2001, 5:38pm   #11
Naz
 
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Trader Pattern,you street fighter level 2 player!
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Old Nov 24, 2001, 5:41pm   #12
 
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Here's mine...

[Naz,
I removed the set-up, cos I thought it might insult a few people... but I am now putting it back, cos I feel it is only fair to show my set-up! This set-up is ALL I need to trade. Pornography within my set-up helps me trade more aggresively for some reason.]

My trading arena is the most stimulating of the lot ... gets my adrenaline and testosterone going simultaneously.

(Dual Monitor Dell, 1gig I think... DSL connection)

TRADING STYLE: destroying newbie traders (sending em back to their day jobs within a few months by consistently depleting their trading accounts) whilst avoiding getting destroyed by the marketmakers.

PICTURE:
1) Various pornography (softcore, hardcore, centrefolds, lesbian etc etc, depending on my mood)
2) The S&P futures (but will also flip it on occasions to the daily chart of the stock I am trading, to get a feel for any key levels I should be wary of)
3) Any 4 stocks that I feel I can make money on (I have about 50 favourite stocks in my head and I look through a selection of em ... some weeks I will just do the same ones ... but sometimes I will get exotic e.g. if an airport has a bomb alert I may trade INVN)
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tp.jpg  
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Last edited by TraderPattern; Nov 24, 2001 at 6:33pm.
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Old Nov 24, 2001, 5:48pm   #13
Naz
 
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Trader Pattern
I sometimes post something and take it off so i dont offend anyone.I know just how you feel trading level 2 Nas,i feel i'm REALY trading,i enjoy the buzz,i enjoy realy taking advantage of people who dont know how to trade it properly.

I find it hard to comprehend why more people in the UK dont take advantage of it?

Any negativity is always from people who truly just dont understand it and are not willing to learn. Every person i have ever taught has been absolutely blown away with it.

I always try and look at different styles of trading thats why i found level 2 Nasdaq.But some people just seem to want to stay with the same old boring ways and not open their eyes.Nasdaq like they say is the market of the 21st century and it will expand around the world.One day we will all be taking our trades the same way as they do on the Nasdaq.

Last edited by Naz; Nov 24, 2001 at 6:07pm.
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Old Nov 24, 2001, 6:06pm   #14
 
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Yeah, I agree. I would rather put my money with someone who knows how to avoid getting burnt by the market maker sharks i.e. someone who was either a market maker before or who is self-trained in the games that market makers play. Trading is war, there is no doubt about it... I feel very happy to let others try and theorise about the optimal technical indicators out there... let them do their academising, their systems testing, their statistical modeling... I am 100% happy to be the other side of their trades, if I see that I can take their money from them.
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Old Nov 24, 2001, 6:14pm   #15
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It seems to me that to many people are dreamers.I dont need any fancy theorising,i definately dont need any late actioning t/a indicators .Give me a level 2 Nasdaq screen and i know whats REALY happening.

I,m sure that Goldman,Morgan Stanley and the rest are not waiting to see where the bollinger bands are or any other fancy pants stuff is before they start moving the stock.

Last edited by Naz; Nov 24, 2001 at 6:26pm.
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Old Nov 24, 2001, 6:22pm   #16
 
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Exactly! I would rather be the doing the same thing as Goldman i.e. taking the OPPOSITE side of a quantum mechanic PhD with a sophisticated technical indicator. Bollinger bands, stochastics and such like are merely aberrations of reality. I am VERY happy that people continue to rely on technical indicators, cos it makes it so much easier for me to treat the market as an ATM machine giving away free money. Long live technical analysis!... without it I would have fewer people to make a living off.
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Old Nov 24, 2001, 6:35pm   #17
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You and i are going to get in trouble.I can see loads of t/a traders wanting to start posting replys to our chat.

I would say that i've always find it remarkable when i talk to t/a traders,they all seem to want to enter a stock late when the move is over and the market makers are either selling to them or buying from them.

Last edited by Naz; Nov 24, 2001 at 6:37pm.
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Old Nov 24, 2001, 6:38pm   #18
 
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Yes, simple TA (things like where prices have been congested for a while and things like daily levels) are useful... but like you said they are useful not to make money off directly but to see if T/A traders can be exploited for profit at those T/A-related prices.

You and I ARE probably using simple TA in our decisions... i.e. it is nice to look at a chart of the futures or of the stock to put the current market maker action in some context. Example: if we've been monitoring the market makers all day and have deduced that NITE is the Ax, then a near term historical feel for how prices have reacted to NITE's manipulations is definitely useful.... sometimes if I forgot what the recent reaction was to the Ax, looking at the chart will remind me. Now if the Ax is doing the same exact thing again, then I will have a feel for the potential of the move BEFORE the move occurs ... the chart as of now may not look like a buy (indeed the chart as of NOW may look totally CRAP), but if the Ax is behaving in a way that I have previously observed, I will think to myself "screw what the chart looks like right now and just buy the godamn stock!" ... so T/A I suppose has a subtle role to play BUT not in the conventional way T/A players would use it... it can give me a feel for the potential of a move before there is ANY chart indication that a move is about to occur. I am only using a chart to gauge movement potential... I am using level2 to make 90% of my decision off.

But trading off T/A studies is something I could not do. T/A is literally history ... put a historian against me anyday! I will take his money with pleasure.
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Last edited by TraderPattern; Nov 24, 2001 at 7:06pm.
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Old Nov 24, 2001, 6:59pm   #19
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Yes i realy like trading off t/a levels becuase i know i can read their mind.I know if A B or C happens they will enter or exit the market.So because i can see the true market and its possibilities and they cant i like to get in before them.When they enter after their indicators confirm the move i then sell to them.

The trouble with t/a its almost like a system that says if this happens you do this.If everyone knows your system other players can take the opposite view.Thats why many times the ax will sit underneath a support level and when it breaks down he knows that it will hit many t/a players stops and they will panic and sell out.Because i can see him there and see him buying everything i can jump in as well.Then of course up we go.

Nice chatting with you but i've got to go.See ya
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Old Nov 24, 2001, 7:12pm   #20
 
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Likewise, nice chatting with you too Naz. Have a good remaining weekend... dammit, I wish we didn't have weekends... I am itching to get back to the game!
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