The transition to Futures trading

[avion]

I'm guessing he means the knowledge is so good and so applicable that he doesn't want every man and his dog knowing it

I figured that may be what he meant but with all the knowledge from him or anyone else, it takes a lot more to be a good trader. TH was kind enough to point the way but there is a lot more he will not tell anyone. I doubt there would be huge crowds of people being able to replicate his style and/or profitability (me being one of them), hence that's when the real work starts and he knows it. That is the reason i suspect he is willing to share his 'pointers' because he knows the fact of becoming a real trader is a much bigger task. So really no reason not the share the 'Th ebook'.
It does save you a year or two worth of research so let other would be traders enjoy it. (disclaimer: there is no ebook published guys, just snippets scattered around on the forum, so you will have to digg )

 

[CanOz]

Well the FTSE is looking at an open around 6420, there is allot of short inventory already so I'd be on the lookout for a short covering rally if we cannot find more sellers on the down side...

Assuming the FESX and the FDAX gap down, they have a prior gap each that we can use as a reference. They haven't seen new shorts as the FTSE has, they've stayed in their brackets....

Going to be an interesting day, with high probability that we will open outside of balance on every EU market. Will update when the first orders hit the book...

 

[havaiana]

I'm guessing he means the knowledge is so good and so applicable that he doesn't want every man and his dog knowing it

Yep, this. It's a zero sum game and we are all competitors at the end of the day. I don't see it as too much of a concern because i think frankly most people aren't prepared to do the work anyway and people will still end up trading differently. But I think the info is there for anyone who wants to do the work to find it rather than have it handed to them. I mean how many people have actually done the stuff he told us like trading thousands of hours on sim with the time on x10, I would guess there are a few here but a very small %.

... TH was kind enough to point the way but there is a lot more he will not tell anyone. I doubt there would be huge crowds of people being able to replicate his style and/or profitability (me being one of them), hence that's when the real work starts and he knows it. That is the reason i suspect he is willing to share his 'pointers' because he knows the fact of becoming a real trader is a much bigger task. So really no reason not the share the 'Th ebook'.
It does save you a year or two worth of research so let other would be traders enjoy it. (disclaimer: there is no ebook published guys, just snippets scattered around on the forum, so you will have to digg )

I could be wrong here, maybe he will chime in, but I reckon he has literally given out all the info it is possible to give other than a significant sample of his actual trades or letting us sit behind and watch while he trades. There are posts where he literally outlines exact plays, charts where he marks entries/exits etc. I don't think he is keeping any secrets

 

[havaiana]

Context: Don't forget it's quarter end to a pretty solid quarter in various markets.

What does it mean? :dunno: Go ask a futures trader...

While skc is here and i'm talking about the hard work bit, the stock pairs thread is a perfect example of this. If you read it from the start, you have all these people trying to work out the secret settings of the software to make their trades 100% right or trying to find out the secret to skc's success. He kept telling them the whole way along that he is actually doing work to find out about the companies to know fundamentally if the particular pair SHOULD work or if there are any other risks, things you can't get from the software. Barely anyone listened, he gave them the info and they all (most) seemed to ignore any advice which required actual work and decision making.

 

[skc]

While skc is here and i'm talking about the hard work bit, the stock pairs thread is a perfect example of this. If you read it from the start, you have all these people trying to work out the secret settings of the software to make their trades 100% right or trying to find out the secret to skc's success. He kept telling them the whole way along that he is actually doing work to find out about the companies to know fundamentally if the particular pair SHOULD work or if there are any other risks, things you can't get from the software. Barely anyone listened, he gave them the info and they all (most) seemed to ignore any advice which required actual work and decision making.

You can lead a horse to the water, but you can't make it drink (or something like that).

A few people did appreciate the effort required and in such cases they don't need to keep asking questions - they go away and do the work... and further posts in the thread became more enjoyable exchanges as opposed to a personal Q&A which has me sounded like a broken record.

While TH has got plenty of gems here on the forum... it will be the selected few who actually make use of them.

 

[CanOz]

Barely anyone listened, he gave them the info and they all (most) seemed to ignore any advice which required actual work and decision making.

Yup, that was a classic...agree

Its the beginners cycle thing though, you're looking for the silver bullet. The search, endless use of indicators, instruments, time frames, systematic, discretionary...

The Holy Grail is between your ears but you need your eyes for the screen time it takes to learn your markets and your plays...Thats work, no quick buck in that.

Even if TH did give his trading plan out in an instructional video series, PDF, PPT etc...it would end up like everyone else's, some would try and use it then toss it away once they had their first bad day week month...

 

[CanOz]

I found the FTSE prior GAP, the bottom of the GAP is 6405.

 

[CanOz]

Looks like a pretty tight initial balance so far...

 

[cynic]

Yay! I just got something that I've been yearning for for over 4 years now!
It's been so long that I've been waiting and now my patience has finally paid off!

Yep, you guessed it! I got my first rinky didge, fair dinkum telephonic margin call in years!

I got a margin call, I got a margin call!

I'm now happier than a cynic embroiled in an internet forum spat!

 

[kid hustlr]

This is horrible right now. I wasn't expecting too many fireworks until we revved up into the US session but theres just nothing doing right now, last hour has been horrible

 

[CanOz]

This is horrible right now. I wasn't expecting too many fireworks until we revved up into the US session but theres just nothing doing right now, last hour has been horrible

Yeah, the DAX and the FESX are stuck in value...chop chop...

 

[CanOz]

I guess this is good information though, obviously there is not allot of imbalanced inventory on the two European markets, where there seems to be a bit of short covering on the FTSE...

 

[CanOz]

Yay! I just got something that I've been yearning for for over 4 years now!
It's been so long that I've been waiting and now my patience has finally paid off!

Yep, you guessed it! I got my first rinky didge, fair dinkum telephonic margin call in years!

I got a margin call, I got a margin call!

I'm now happier than a cynic embroiled in an internet forum spat!

Pesky Dax again?

 

[cynic]

Pesky Dax again?

No surprisingly! It was the FTSE this time! It tried to FTSE my goose! Open P&L dropped approximately 50%!!!

But Gary was so very nice to me when he called from his office in London, so I was more than happy to accede to his request for additional funds.

As for the DAX, it mustn't be feeling well lately,I've been in profit for most of the past fortnight! Maybe I should send it a "Get Well Soon" Card, because I do so miss the stress of watching my Euros evaporate!

 

[CanOz]

No surprisingly! It was the FTSE this time! It tried to FTSE my goose! Open P&L dropped approximately 50%!!!

But Gary was so very nice to me when he called from his office in London, so I was more than happy to accede to his request for additional funds.

As for the DAX, it mustn't be feeling well lately,I've been in profit for most of the past fortnight! Maybe I should send it a "Get Well Soon" Card, because I do so miss the stress of watching my Euros evaporate!

This chop is killing my managed futures account!

 

[cynic]

This chop is killing my managed futures account!

I'm sorry to hear that Can, it's odd how managed accounts never seem to deliver on the promises made by their title!

 

[cynic]

This is horrible right now. I wasn't expecting too many fireworks until we revved up into the US session but theres just nothing doing right now, last hour has been horrible

Sorry kid, the fireworks all went off over the weekend.
Perhaps if we were to invite a few more of the fundamentally inclined investors onto this thread, we'll be able to liven things up a bit!
(Those recent participants in the TGA and CAB threads will, no doubt, get my drift.)

 

[Boggo]

Perhaps if we were to invite a few more of the fundamentally inclined investors onto this thread, we'll be able to liven things up a bit!

Yeah, what could go wrong

 

[cynic]

Yeah, what could go wrong

+1
We're always visiting them, so here's hoping that they'll soon return the favour.

 

[burglar]

Sorry kid, the fireworks all went off over the weekend ...

While they were still in the box!

... (Those recent participants in the TGA and CAB threads will, no doubt, get my drift.)

I don't think they will see this post?!