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Oink oink. :cheesy:
And when I got to the bank, I found you in front of me in the queue!
And when I got to the bank, I found you in front of me in the queue!
I deleted that post. It is not my style to hit back, got pissed off for a second, but realised that we are all entitled to an opinion.
It is my job to go on the tv channels and give a view, and I love my job. You cant please everyone I have been told, so I will stop trying. I stand by my work and it is for everyone to see. Take it or leave it. I always tell people to use stops, and I have never said that trading was easy. I dont make outrageous claims, as a matter of fact, I make no claims at all.
I will be the first to admit that I totally underestimated the strength of the market this summer and I certainly paid for it as well on my position trades. I learned from it and I am moving on.
Tom
It is my job to go on the tv channels and give a view, and I love my job. You cant please everyone I have been told, so I will stop trying. I stand by my work and it is for everyone to see. Take it or leave it. I always tell people to use stops, and I have never said that trading was easy. I dont make outrageous claims, as a matter of fact, I make no claims at all.
I will be the first to admit that I totally underestimated the strength of the market this summer and I certainly paid for it as well on my position trades. I learned from it and I am moving on.
Tom
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Sunseeker:
I believe that anyone who 'pokes' at others on these boards is doing it for a reason - they're angry. Really
ANGRY . Like many others, they're losing and they're hurting and they're bewildered at how they can be losing when all around seem to be making money. They don't know what to do to get them out of their predicament, and instead of using the helping hand proffered, they spit on it. They seem to think that by slagging off others, directly or by insinuation, it will somehow make them feel better. But, sadly, all it does is show publicly that they're losers.
Just ignore those who poke at others; pity the poor fools, for the market will take care of them for you. The market always takes the weakest first, because that's the law of nature.
Others of course bear their losses with dignity, humility, and use it as a reason to try harder, understand more, and keep on looking for their holy grail with respect and courtesy for their fellow traders.
Concentrate on providing knowledge, help, information and encouragement to these folk who genuinely appreciate a helping hand. They are the silent majority on these boards.
I believe that anyone who 'pokes' at others on these boards is doing it for a reason - they're angry. Really
ANGRY . Like many others, they're losing and they're hurting and they're bewildered at how they can be losing when all around seem to be making money. They don't know what to do to get them out of their predicament, and instead of using the helping hand proffered, they spit on it. They seem to think that by slagging off others, directly or by insinuation, it will somehow make them feel better. But, sadly, all it does is show publicly that they're losers.Just ignore those who poke at others; pity the poor fools, for the market will take care of them for you. The market always takes the weakest first, because that's the law of nature.
Others of course bear their losses with dignity, humility, and use it as a reason to try harder, understand more, and keep on looking for their holy grail with respect and courtesy for their fellow traders.
Concentrate on providing knowledge, help, information and encouragement to these folk who genuinely appreciate a helping hand. They are the silent majority on these boards.
fudgestain
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The post edited out by Sunseeker was, if I recall correctly, a poke at Rglenn who, again if I am correct, hasn't posted (or doesn't post) with any anger.
This thread - hopefully I am correct in so assessing it as such - is about the value or not of Tom's charts. They have no value whatsoever for me; if they have or had value for anyone then thats only to his/her good ..hopefully.
If those that have dissented or do dissent against his charts then surely they are entitled to their own successful approach (...they won't be posting here for long if they are not, will they?).
The fact is that the market (ie Dow) up or down is full of juice almost every trading day. Warbling about where the market is going over the next week/month/year by self appointed pundits .. well its all just a harmless sport where anyone can make their own shot or if they like shoot down someone elses shot.
Now who would want get upset over nothing?
This thread - hopefully I am correct in so assessing it as such - is about the value or not of Tom's charts. They have no value whatsoever for me; if they have or had value for anyone then thats only to his/her good ..hopefully.
If those that have dissented or do dissent against his charts then surely they are entitled to their own successful approach (...they won't be posting here for long if they are not, will they?).
The fact is that the market (ie Dow) up or down is full of juice almost every trading day. Warbling about where the market is going over the next week/month/year by self appointed pundits .. well its all just a harmless sport where anyone can make their own shot or if they like shoot down someone elses shot.
Now who would want get upset over nothing?
Well what a can of worms opened by the initial post.
Anyone that follows anyone blindly is asking for all the ill that the unforseen can dump on them.
If someone has a track record of making predictions with a high success rate, imho it's worthy of note, from there on in, it's upto the individual to use that information in accordance with their individual trading strategies.
A) Disregard completely
B) Take note, but observe the markets in greater detail.
C) Trade as you see it, but with the knowledge that the market might be at a top.
D) Stay out of the market .
My belief is that the market is near a short term top & this recent high rise has taken all the shorts out from September, with the institutions selling into this rally.
The INDU chart is also displaying what looks like a head & shoulders formation & in addition we are bang hard up against a major bear trend line.
All reasons to take on board what Tom was saying on Bloomberg.
Anyone that follows anyone blindly is asking for all the ill that the unforseen can dump on them.
If someone has a track record of making predictions with a high success rate, imho it's worthy of note, from there on in, it's upto the individual to use that information in accordance with their individual trading strategies.
A) Disregard completely
B) Take note, but observe the markets in greater detail.
C) Trade as you see it, but with the knowledge that the market might be at a top.
D) Stay out of the market .
My belief is that the market is near a short term top & this recent high rise has taken all the shorts out from September, with the institutions selling into this rally.
The INDU chart is also displaying what looks like a head & shoulders formation & in addition we are bang hard up against a major bear trend line.
All reasons to take on board what Tom was saying on Bloomberg.
CityTrader
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Back to the original post, but who on earth is Tom Houggard ??
maybe this is the reason that every professional trading room I have been in, has CNBC rather than Bloomberg TV on the wall TV's?!!
maybe this is the reason that every professional trading room I have been in, has CNBC rather than Bloomberg TV on the wall TV's?!!
and Skimble, that is exactly what I intend to do....at the end of the day, you make your calls, you put on the trade, and if it goes your way, you congratulate YOURSELF, not anyone else, and when it goes against you, you can only blame yourself, and not anyone else, otherwise you might as well give someone else your money and have them trade it for you...
Thx
Thx
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And don't forget that there's a handy little option to ignore any particular poster - click on Profile beneath their post, and then at the very bottom there is 'Add [name] to your ignore list'. It works a treat. :cheesy:
fudgestain
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" I am not charging £40 for my views... I do charge for my Market Map. .. ....if you want, you can try it out for free for a week or 10 days, your choice, email me..." Sunseeker
This is an explicit promotion. I thought advertising was not allowed on T2W bb's .. particularly by a rival site.
Misguided forecasts, whether propagated on Bloombergs or not, are just so common place .. whoever the pundit, Tom or not Tom. Take the inveterate bears: always hailing each downturn in a bull market as bear evidence. Some people just want to make a call against the current run of the market. It makes them look weak and stupid because they are .. but apparently it makes them feel important - makes them feel good. Well good luck to them; let them be the fools and jesters to amuse us all!
Your market (ie Dow) tells you each day where its at .. and each day it shows you where it wants to go for that day. Its often wide gyrations are where you need to concentrate and where you need to take the generous rewards they offer. Its not rocket science but admittedly it does take an awful lot of research, time and study to start to know your way around a market - thats the key, not other flim flam.
This is an explicit promotion. I thought advertising was not allowed on T2W bb's .. particularly by a rival site.
Misguided forecasts, whether propagated on Bloombergs or not, are just so common place .. whoever the pundit, Tom or not Tom. Take the inveterate bears: always hailing each downturn in a bull market as bear evidence. Some people just want to make a call against the current run of the market. It makes them look weak and stupid because they are .. but apparently it makes them feel important - makes them feel good
. Well good luck to them; let them be the fools and jesters to amuse us all! Your market (ie Dow) tells you each day where its at .. and each day it shows you where it wants to go for that day. Its often wide gyrations are where you need to concentrate and where you need to take the generous rewards they offer. Its not rocket science but admittedly it does take an awful lot of research, time and study to start to know your way around a market - thats the key, not other flim flam.
Car Key Boi
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DanielLambert said:He used to post on this Bulletin board until he started charging £40 a month for his views!
40 GBP sounds reasonable to me
that's the kind of bread a top premium porn site would charge
so ask yuorself this
would yuo prefer to spend 40 bucks to see Tom's charts, or 40 bucks worth of poon?
Tom's charts, right?
EOD.
- Car Key Boi
JTrader
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I had the opportunity to meet Tom briefly at a traders meeting and listen to his presentation, he seems like a very nice chap, and gives the impression of one of these people who is driven to succeed.
I have found the views which he expresses in his email chain are very useful. Regardless of whether they are always 100% correct (I am not looking to follow someone's every word), for someone like me who is in the early stages of a trading career, they are thought provoking, and have made me aware of factors which I would not have considered previously. He also states key US announcements which are to be made and the times.
I like the fact that he says he thinks something is going to happen. But if it isn't to happen he does often back this up with an explanation as to why it won't happen and offer what he sees an an alternative possible outcome.
I have found the views which he expresses in his email chain are very useful. Regardless of whether they are always 100% correct (I am not looking to follow someone's every word), for someone like me who is in the early stages of a trading career, they are thought provoking, and have made me aware of factors which I would not have considered previously. He also states key US announcements which are to be made and the times.
I like the fact that he says he thinks something is going to happen. But if it isn't to happen he does often back this up with an explanation as to why it won't happen and offer what he sees an an alternative possible outcome.
fudgestain
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Oatman, the reality is a bear market comes along every so many years to interrupt things .. but sure, equally so, and in the bubble zenith of the end months 1999 and 1st couple of months of 2000 everyone and his dog was a bull and saw no end to it. And yes I could get no one to see the urgency I saw about things .. namely exploit it right now because it aint gonna last. Particularly as March 2000 started one would wake each day with a deep sickening gut feeling .. this bull spike is going to evaporate in a matter of days and it wont be coming back for a long long time. BUT thats history.
So sure there would have been, must have been, others then who were no longer bulls or had become bears .. just didn't seem to run into any at that time.
Bottom line: I just read the market wherever it happens to be .. bear or bull mode. Its the downswings and upswings that happen on each market day that matter. And of course all subject to my own assembled data (ie Dow).
So sure there would have been, must have been, others then who were no longer bulls or had become bears .. just didn't seem to run into any at that time.
Bottom line: I just read the market wherever it happens to be .. bear or bull mode. Its the downswings and upswings that happen on each market day that matter. And of course all subject to my own assembled data (ie Dow).
