I'll be trading the dow futures friday night.

No drivel from me mr ben, i'll be there

fri lunchtime, not eve surely?

You are f/king clueless.

Theres been a lot of talk this week on cnbc about how the job numbers will be bad due to snowstorms. My summation is this- the number wont be as bad as expected and the market will zoom up.However thats not the way I will trade it.


CNBC is not a financial information channel any more, they are a FIRE sector/ USG/ FED mouth piece. The suggestion that the number may be worse than expected came from Larry Summers, only two problems in paying attention to this propaganda: 1. the same ploy was repeatedly used by Robert Rubin in the past to game the markets and more recently by Ben Bernanke when testifying in front of Congress and addressing the U3 unemployment numbers. Those who took those comments at face value in the past got their head handed to them shorting the market. 2. The snow storms did not occur during the BLS reporting period.

You say that the number won't be as bad as expected, but you don't have a f/king clue as to the reason why.


However thats not the way I will trade it.


Uggghhh??? Say what??? You expect the market to zoom up, but that's not how you are playing it??? I think you ought to see someone about your schizophrenia problem.


In the 30 mins prior to the announcement if the futures are rising I will short them, if they are going down I will buy them.Simple. Deposit per contract is just 60$ so I will get on for somewhere between 50 and 150 cts. 100 point risk per contract is a max risk of 15k.

I don't know where to start with this, it is laughable on some different levels but I'm not prepared to spend the time and give you an education on how to trade futures. I suspected you never traded currencies, now I know you never traded futures either.


instead of just criticzing me try to come up with you own alternative?

And I should do that, why? You are the one that keeps posting this nonsensical drivel, not me.

Btw you're a rude, eltist d!ck as usual.
As such, any useful aspect to your remarks will go ignored and wasted as usual.
A pity really.

Discredited.

Botty , your so spot on.Melanus is is totaaly clued up but totally clueless.I will tell you a quick story.
I had a customer a few years ago- when I used to work in my own biz, since sold.She and her hubby were quite rich.I met her hubby who I thought was , quite frankly , as thick as 2 short planks. I thought how can this guy have a lovely big modern house, a big boat, 2 jetskis, 2 fully owned bmw , 3 kids at private schools ,and- 2 commercial buildings, albiet small ones,no credit card debt,small mortgage and a thriving business.?? One day I asked his missus-tell me , how come mitch {not his real name]does so well? She replied- mitch has told me hes not that smart, he does'nt try to think into the future 2 much, if he sees an opportunity and he has the money for it he just does it.
Thats what I do now, take the opportunities.Everyone knows news announcements move stocks, curriencies etc, so its an opportunity.In Sydney at the moment if you construct a house in a decent suburb theres about 200,000 profit in it, so guess what I'm doing? Yes I bought in sydney,I live in brisbane and construction will start mid june probably a project with an all up cost of 1.1 million end value 1.3mill. In 2008 during the crisis property fell in value in sydney.I thought heres an opportunity.So I put an offer in on a house at bondi beach , asking 1.8mill, I offerred 1.4.The agent said they paid 1.95 just 4 months ago.He rang me later and said he had beaten the owner down to 1.6.I stupidly I stuck to 1.4. A year later that house was easy back to the 1.95 and just 18 mths later worth probably 2.2.Opportunity lost.Mitch would have bought it.
Point being tonight when the data comes out I will make a $$$ whilst melanus will still be theorizing about what is the correct way to do things.I think your right, melanus is clearly an angry person, probably deep underwater and asking himself why is he in such a position when he did everything right, lolololol

You're starting to sound a bit like an Australian Forest Gump.
I wish you all success.
I'm pretty much all set up and out of the whole rat race now.
Just passively living off past accomplishments.
Sun, sea and sand ( and the other s thrown in) are my life's priorities now.
All I will say is don't get too greedy and know when enough is enough.
You're dealing with a whole pack of sharks out there in the financial world, never forget that basic fact.

Mr B

I made the same mistake of trading the Dow when they were voting on the big bail out last year. I expected the market to shoot up after the announcement, but it fell massively. Never again , I done so much money that i wiped out any small profits I had made in teh weeks prior and it has taken a long while toget the money back.

Your trade souds utterley ridiculous. I t is like spinning a coin and hoping things go your way. IOn a apositive note, I do not think the swing in teh market will be that big anyway. Markets are much more stable these days!

YLB, you have to admit that you agree with Menelaus previous post? You cant just disagree with everything he says can you ?? Surely sometimes what he writes is correct... My problem with Menelaus is that he can not admit when he is wrong... Investors have to accept their own faults from time to time or they simply have no chance. Identifying your own weakness is key to a success in EVERYTHING you do... GAMBLING with no rules like Mr B is exciting but it is inevitable that one day, you will lose any of teh money you have won by simplky pising in the wind

How did that work out for you?

The NFP numbers came in better than expected because of the reasons I stated in my previous post, not because of a lucky guess.

The futures shot up from 24UP to 60UP right after the announcement as a result of the "better than expected" numbers. But hey, you said you expected the futures would shoot up (you had no clue why but that's a different story) but you weren't playing it that way. Don't forget to take your schizophrenia medication this afternoon.

On the bright side, I don't think you lost a penny anyways, your trade was not executable........but again that's a different story.

Mr B

Are you a GAmbler or a Trader?

Well done if you made money , I hop ethat you know your limitations. I learnt the hard way, and will probably come a cropper again some day.

What planet do you f/king live on because I'd like to visit, hallucinogens must be free.

Do you even have a clue about the rubbish you keep posting. This played out exactly the opposite of what you posted originally but you are still claiming profits. It must be the "upside down" Aussie effect.

Also, you haven't a clue how futures are traded. Your entire "trade" description is beyond absurd, it's downright stupid. It's bogus, it doesn't exist.

Get a life.

yes chisel I used to lose often when I was a "prediction" trader.The same style as your dow trade.News related trading is totally profitable.I take the opportunities now.I lost 22k last year on a gold trade becuase I thought it was going up.For shares I use a volume related method, its a bit boring because trades are held for up to a month but its profitable. I gotta make a living.I need to get more contracts next time.

Menelaus
My reading of Mr B's original post supports exactly what he did. Whether he actually did it is another matter, though it would seem not to be made up. I haven't actually checked out his price fluctuations ( have you in fact ? )
Where do you see it differently ?. In exact terms please.
Why don't you be a man and admit that he is a seemingly better trader than you, for whatever the reason.
It doesn't mean he is intellectually brighter than you, just a better hustler.
Can't you live with even accepting that ?