Timmy
white swans need love too
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Europe's baaaaack .... Italy esp.
Doesn't matter until it does.
Doesn't matter until it does.
International markets traders banter
- Thread starter Trembling Hand
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USDA releases tonight are HUGE for grains if anybody trades them or their related stocks. May want to be careful, these things can go on multi day gapping (I would know, and for some reason, it's always against you)! 
Trembling Hand
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Ugly start to the week. Gap Up open for everything then a roll over into negative for a few markets with everything else to soon join? HSI getting a good old smack down.
skc
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How much if any of the HSI relates to the Sun Hong Kai arrests? It's massive news there and it's like having the Lowy's arrested in Australia. Is the property sector getting an outsized kickdown?
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Perhaps it's time for a bit of a correction.
http://www.avidchartist.com/2012/03/evidence-aplenty-that-s-500-has-made.html
Trembling Hand
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Yeah it's not helping. Add to it the closing down of Chinas "twitter" because of rumours of a attempted China coup + China market actually closed today so we have a bit less volume - all the more fun for the Boyz to push and pull as they please?
Trembling Hand
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Haha. Be careful follow trade ideas from a punter who cannot afford proper data to base their analysis on.
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Haha. Be careful follow trade ideas from a punter who cannot afford proper data to base their analysis on.
What's this about?
Trembling Hand
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Just an idea. Say you are an idiot. You decide to go looking around the internet for what you should do from random fools with blogs like mine. You stumble across one called "Avid chartist" and start reading their stuff as to how to trade. Remember now you're an idiot and it all sound pretty good. So without questioning their ability you take on board their stuff. They have left an impression on you. Remember you are an idiot.
But should their stuff influence you? Can they actually trade? Do they make money? At first guess the fact they they use free rubbish faux data would to me, just another idiot but one who has been around a while, would suggest a big NO.
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Yeh, that's the part I'm not clear on. Can you elaborate? Why is the data rubbish and false? What is wrong with free data?
Trembling Hand
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Just an assumption on my behalf. How much money must they have taken out of the market if they use rubbish from CMC as their data supplier?
The data is not from the exchange. its from the exchange + or - whatever stupid figure they decide is appropriate to not have to charge for exchange fees. It lacks order flow and volume. And mostly the rollover time at the end of each day doesn't even match the exchange closing time!!
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That's because of after-hours trading? Data on the SPX is not exactly secret, I'm pretty sure you can get it just about anywhere for free? What's the difference?
I am just not following you.
skc
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IT Finance is a separate entity (I think) and supplies the package to a number of outfits including IG Markets. I don't think CMC uses them but it's been a while since I had a CMC account.
Looking at the screenshots on the blog you can't really make out who's data it is. But faux data is probably right.
Trembling Hand
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You posted a link to some dude that looks like he does this for a little hobby. If you want to follow some random hobbyist trade ideas knock yourself out.
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Well I intend to, Avid Chartist is pretty good and provides very good insights at MB commentary. What I don't understand are the basis of your criticisms.
skc
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The data used by Avid Chartist is data that has been massaged / modified by another party (e.g. IG Markets) and are not official exchange data. This observation leads one to question their ability and experience in trading.
The same as you wouldn't follow someone's photography blog if they are taking pictures with a compact camera on auto mode, or follow someone's cooking blog if they are cooking nothing but canned tuna and 2minute noodles in the microwave.
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Haha. Be careful follow trade ideas from a punter who cannot afford proper data to base their analysis on.
Hey TH
While we are talking about data, could you explain your setup with data, brokers, charting etc.
From what I have read and seen you chart with ninja, use IB as your broker with booktrader as your trading ladder and esignal for data? Was curious if you could make this work?
Trembling Hand
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Oh ok cool - what I meant was, can you do this. esignal data feed into IB and then that data also feeding ninja?
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