We operate our secondary investment vehicles in the same manner as our primary objectives.
As you’ve probably gathered from Sean’s recent post, the profits from that primary activity get funnelled into (amongst other likeminded high yield vehicles) land, commercial & residential property acquisitions, which are specifically identified, flitered & designed to achieve high parallel short to medium term income/medium to long term capital growth generation.
We’re attracted to those types of investment portfolios involving active management rather than the more traditional investment asset allocation you describe because it affords us total control, flexibility & consistent high potential returns.
If you’re interested in the types of diversification you’ve described then i’m afraid you’re going to need discuss it, or interact with those who avail themselves of it. We don’t partake in those circles i’m afraid.
Obviously I’m/we’re aware of Robbins & i’ve perused a very short sample of a couple of his video presentations, but to be honest he didn’t particularly send me into waves of euphoria, so again you’ll perhaps need to focus on those who find him more appealing.
Most of us have one or more fingers in other income/capital generating business pies trailingstop.
Obviously retirement & investment vehicles are set up & handled by specialist accountants to rein in the tax bill, but otherwise everything is ploughed back into diversified business ventures.
That is unless you’re Billy who blows all his on expensive malt, cuban cigars & ladies of the night & Thalia who owns virtually half of Texxas!
I closed it out yesterday morning… I took the screenshot below at the time.
I got shaken out too easily when I was still in a pretty good position with some profit already locked in…
Is goldtop still posting somewhere? He seemed to be one of the first to really get aboard that FSR thread.
By the way, I always wondered, do any of you ever keep in touch with or know what happened to Joe Whitehorse? He seemed such a gent. I always think he’ll look something like this whenever I read his posts-
These days he (& another guy from there; Jack Mason) works a funded account backed by Andre Mayer kechel.
jjay put me in touch with him a while back when I was exploring research on a topic he’d spent time on a few years back. He, like most of them, doesn’t post in the public domain anymore unfortunately.
I don’t know anything about the whereabouts of Joe, but yes he comes across as a very astute & extremely affable guy.
No.
You play the game according to, & based on the circumstances options opportunities & preferences available to you at the time.
It didn’t go anywhere.
The game can be played from many angles.
Bots are merely one & they’re not restricted or confined to high/short frequency execution models. Neither does it mean you’re totally reliant upon or married to them.
Another interesting week ahead with ECB, BoC, RBNZ.
So from the usual identification process, I see that comm-dolls are strong going into the week. Crude is holding it’s ground also, after breaking through a prior monthly high and swing point.
So attempting to get a foot in the door [U]before [/U] the big risk events of the week, I’ll be trying to get seated tomorrow/tuesday in:
Wti Longs, UsdCad shorts, GbpNzd shorts, EurAud shorts and depending on risk appetite, CadJpy-AudJpy longs. Equities are buoyant but in the past few days things have slowed down so we’ll see.
This post got my attention for obvious reasons whilst perusing & the more I read the more intrigued I became.
It’s apparent a lot of you guys aren’t huge fans of conventional technical analysis, but do you disparage its use in relation to this particular approach or simply not advocate it at all?
Reason I ask is that I’m pretty much at the start of this journey & yet to begin exploring the many facets of technical analysis.
Interestingly enough I’ve also been enjoying leafing through Dennis3450’s Trading the trend with strong/weak analysis (would have included the thread link but i’m not yet allowed to include them in my posts?!) & both appear to adopt similar themes where the primary influence is focused on identifying & recognising the trending or directional moves with minimal technical analysis input.
I do like the idea of playing the strength/weakness or dominant directional theme because it makes sense to focus on something that’s more likely than not to offer follow through potential. But it very much rubs against the grain of the more popular crowd approach by ignoring or eliminating the use of conventional technical analysis when preparing, setting up & managing trades.
This is an interesting thread with one or two different angles & ideas. Certainly interesting enough to perhaps give your idea a go by trading this approach minus any additional input other than the recommended accompaniments first to see how it plays out.
On a practical note, if I’m reading it right, the usd/cad & nzd/jpy gave directional entries this morning (tuesday) in the london trading session based on the trend line breaks which wyntac posted on page 56?
other than the important levels (prior session/day/week/month), the daily/weekly range percentages & obviously filtering out the higher potential cyclical momentum behavior, nothing else is required.
the addition of more clutter won’t improve the outcome or potential of each gamble & if that’s the case why bother wasting time & energy on it?
the more you can eliminate from the process the more clarity you’ll receive & the less complicated the decision making will become - but the only way you’ll prove that to yourself is by giving it a go!
doesn’t it just
imagine what a giggle it will be if you manage to turn a consistent profit by ignoring just about everything you’re fed on these forums, in the books & at the seminars which are meant to be diligently studied & sweated over for years on end!
do yourself a massive favor straight off the bat - think logically, trust your gut instinct & don’t become a sheep.
like I said, if you don’t try you’re never going to know are you.
go on, take a deep breath & give it a whirl……what have you got to lose?
they did yeah, both offering more than one bite of that cherry too.
so, what prompted a reasonably raw novice to pull those two particular pairs out of the hat as opposed to other stuff?
anything else catch your eye today?
that’s not a criticism by the way, merely a curious enquiry.
Thanks for the comments & advice soultrain, much appreciated.
It probably took me a lot longer than most on here to identify & filter my preferences
But i just looked for the pairs & instruments that displayed the clearer trending potential based on the criteria posted within the thread.
I also had in secondary order of priority on my profile list: aud/usd, aud/jpy, Dow & gbp/nzd.
The aud/usd didn’t begin stirring until the middle of the gmt afternoon but it did break through a solid intraday trend line. Same circumstances with aud/jpy.
I haven’t yet observed enough action or amassed sufficient experience to deduce whether these late day breaks offer acceptable risk to take them on.
My broker news feed mentioned the Yellen comments as a catalyst for this afternoon’s moves. That’s something that will definitely be up & running permanently on my screens as soon as I log in each session.
I might have missed something else, but from what I’ve gathered so far from all your posts on here those were pretty much the top dogs on my profile list this morning with my number 1 & 2 priorities being usd/cad & nzd/jpy simply because they broke out & made their moves before the others.
I’ve already decided to take it on.
I opened a live account last year & have got my feet wet on a few small trades just to become familiar with opening & closing live tickets. I registered with FXSTATS over the easter holiday to obtain a more detailed feedback of my activity. So yes, I intend to get going just using the basic template highlighted here & as you say, see where it takes me.
It’ll become like shelling peas the more you go through the process so don’t fret about how long it takes you.
Considering what you’re seeking to identify, once you become confident & more proficient with the background structure process it won’t take you very long at all to flip through, grade & filter the stand out instruments. Just repeat what you’ve done today/this weekend coz those candidates are all very acceptable examples!
Clean charts, clear mind!
Well spotted with the breakout plays too. If that style & approach sits comfortably with you then stick with it & get used to setting up those types of gambles. They play out multiple times most week’s right across the timeframe spectrum as do the pullback/hook plays.
Month & quarter end flows are impacting the field too this week so moves & sharp gyrations like this are to be expected. Don’t be put off, just tread a little more carefully & don’t deviate from your template rules!!!
Let the dominant flows guide your identification & filtering process & allow the natural cyclical rhythm (higher highs & lows/lower highs & lows etc) of the market leg you in & more importantly, leg you back out again!
There aint much that can go wrong because there are very very few moving parts & that’s the beauty of this type of gambling play!
Those aussie pairs + the nzdyen you highlighted yesterday are all on the move following through again now this morning striking off similar breaks.
goldtop has been having a ball playing this set up for ages now & I’ve only recently adopted it as a breakout tactic to complement the pullback option. You’ll enjoy it too I’m sure.
Not to mention the dow, usd/cad & gbp/nzd. They’re all off the leash again today.
Unfortunately I had an early appointment preventing me from taking advantage of any of it.
Good to see though.
I’ve noticed whilst browsing the thread that a good majority of the filtered pairs presented prior to the start of the trading day & week actually do follow through with good moves once the momentum ensues & entries are triggered, which is one reason I became intrigued & interested in this minimalist approach.
I appreciate the comments yesterday guys & look forward to contributing once I get my bearings. I definitely like what I’ve seen so far though.
Plenty to get your teeth into next week fella’s.
Copper has rolled over again & should be sat bubbling nicely on the front burner
Dollar’s had its fourth negative week on the bounce & is suspect v/s euro, aussie, loonie & kiwi & yen is threatening a 6 week upside b/o with a strong finish to last week.
Oil needs watching on a potential pullback rollover as does Nikkei.
Dow’s sneaking up on a big level next week, & attracted steady money last week…apparently a couple of you are still holding excellent value longs on that one, so stay cool, ignore the chatter (as normal) & continue to play it as it prints!
Don’t forget the Nikkei, that one has also played ball so far this week. Which emphasises my earlier observations regarding a good percentage of your pre-market filtered recommendations coming good when the action begins opening out.
And that kind of brings me onto the subject of edges.
You hear & read about professionals talking about cultivating an edge, so would something as simple as positioning yourself in sync with what you guys describe as dominant momentum flow or pressure constitute an edge? or is that too simplistic an interpretation at this end of the food chain.
not at all.
an edge or a slight advantage doesn’t have to be complex it only needs to be efficient.
you’ll very quickly discover how efficient it is when you eyeball your stats at the end of each week/month/quarter, which i see you’re already taking of care of by utilizing an independant software program.
that’s good to see!
providing the tactics you’re employing to set up your gambles are based on effective participation (which the template presented here is) & you’re controlling your bet sizing/risk limits then you can spend more time focusing on the 1st 2 elements of that template (the identification & filtering process).
money & focus will continually dial in & out of vogue based on data & sentiment.
that’s why if you possess a set up with very few moving parts you can shuffle your candidates quickly & efficiently to take advantage of that sentiment change because your execution remit is constant & repetitive.
your edge is simply to execute whenever your radar signals a change or resumption in the strong/weak relationship & it manifests itself by adhering to the cyclical price behavior you’re observing.
if no change or resumption exists or the filters are blurred & low probability, then you don’t lay any bets…in other words your edge isn’t in play.
That’s good to know because I was wrongly assuming it would entail something much more in depth than what you’ve just presented.
I suppose then, pressure or sentiment can work any which way I choose to interpret it based on what the market is currently focusing on. By that I mean once I’m able to frame the current day’s action & I’m conscious of impending data via my news feeds, I can use any combination of timeframes to select my preferred trades from?
For instance, the previous session and previous day’s high-low levels will presumably allow me to better determine where that flow or pressure is directed & I don’t necessarily have to frame my background view from larger timeframe structures?
Of course it would be remiss of me to ignore the wider view, but if pressure is being exerted on a particular currency, commodity or index those initial 2 levels would I assume, be suitably relevant to gauge the possible direction of the current day’s flows?
After all, I’m trading in the here & now based on how the market is setting up today, not on where it might be looking to trade on Thursday or Friday?
An example of that situation would be aud/jpy.
Although not ranking as the highest probability shorting candidate at the weekend, the talk was for strength in Yen for the beginning of the week at least & Thalia pointed out that probability in his pre-market post.
It dropped through Friday’s lows early into its own trading session & pressured the previous week lows as well, pausing during late european morning trade. There were 5 & 15 minute pullback hooks & no visible signs of price making a push back towards the morning highs.
Would that signify acceptable risk to take it on for further downside pressure, given the sentiment leading into Monday’s trading action?
I’m only using this scenario as an example, but it’s something that has triggered in my mind taking all the information on board that I’ve digested from your content & I’m quite drawn to that type of style & participation. It feels right & my risk will be extremely low starting out so I’m not in the least concerned with overstretching my exposure.
Or maybe it’s simply the rantings of a truly inexperienced novice. I don’t know.
Thanks for the clarification jjay.
How you decide to play this game will be dependent upon how much time you’re able to devote, what kind of objectives you’re looking to achieve & your risk appetite.
But essentially you can use the framework/structure however you see fit.
We just throw the ingredients & recipe into the bowl.
You can mix & bake it using as much or as little liquid as you wish!
Now that passage made me smile & gave me a warm tingly feeling - something usually only my missus is able to accomplish!
It appears you’re coming at this with no pre-conceived ideas or hauling any excess baggage along with you & that my friend is a very advantageous position to find oneself in.
If you can resist the urge to go sniffing around the rest of the forum until you’ve given yourself ample time & opportunity to discover whether this approach is for you, you’ll hopefully find yourself light years ahead of the majority who trudge onto these forums with hope in their heart & chump change in their pockets!
Stick to that type of analysis & you won’t go far wrong.
At this stage resist loading anymore accompanying tools onto your chart graphics.
If you can generate positive expectancy from such a fat free diet you’ll be the envy of a lot of folks, believe you me!
There’s no right or wrong way, only your way.
This structure will guide you & the newsfeeds/squawks & sentiment gauges will keep you primed & focused on the dominant themes impacting the flows.
Try it & see how you go. Your bets will record directly into your stats programme & feedback the pertinent info you’ll need to review.
But if you’re seeking validation, then you got it!
I like your thought process, I like it a lot.
It would for me & it does for quite a few of our more spicier risk profile & well capped punters who play this style of discretionary game.
Far from it.
Keep your graphics nice & clean & free of all TA paraphernalia, use 24 hour intraday (NY close) & Mon-Fri week period separators to quickly & easily identify your priority session/day/week high-low levels & cultivate a broad brush habit of staying abreast of market impacting data & information to help strengthen your filtering stage.
