mrben, gold would seem to one of the worst places for trading recently, especially during earnings season, whatever floats your boat though.

mostly stretching to get 1 percent but i suppose it being stuck in a range is an advantage too. good luck with it.

one = on

your = you're

duh = duh

It's a tight range for sure, would need to be trading some hefty units to make it worthwhile...

melly , melly, melly  your knowledge of trading techniques  would'nt fill the eye of a needle.

      If you can't see the opportunity of trading volatility and a closing price  representing a ZERO  price change for the day, there is no hope for you.Your trading ignorance is epic as you have demonstrated  over and over again here.It is  soooooooooooo boorish to read your comments these days. Despite your obvious addiction to this forum you have learn't nothing over the years.

Muqbil- just a question- do you do any trading?

times

You must be pulling those numbers out of your arse as usual. Doesn't your thumb come in the way?

Here's the real numbers for the entire last week, expressed in how volatility is properly measured...percentages.


0.21/0.06/0.60/0.12/and the last trading day a big fat ZERO

VOLATILITY my arse. Waste of friggin time more like it.

Why don't you instead of posting on here just put a red flashing light on your forehead that says "I'm an idiot". You wouldn't be wasting our time then.

Mrben 22 Apr 12 03:31

Muqbil- just a question- do you do any trading?

Not really, I have a few quid in igindex that I have the occasional punt on reccomends from a m8 who is supposed king of TA (his words)! Currently long EURAUD entry @ 1.2768 this am. I don't have enough time atm, but know there is little chance for smalltime Joes. I find the macro economic outlook more interesting tbh..

polyahole, if you are going to continue to throw your heels at me, you better get into some higher heels because the one's you're wearing now are not working.

Did you change your mind so soon?

polybot 20 Apr 12 10:38 
mrben, gold would seem to one of the worst places for trading recently, especially during earnings season, whatever floats your boat though.


I suppose when someone salutes your aftertimed profits on here, the least you can do is return the favor. Partners in aftertiming so to speak

Ooooh, really, I forgot, of course, intraday, for those ubber-traders who buy every daily low and sell every daily high right down to the second. And what's that range about 1pc?

Stop fondling that iPad and lift your head up once in a while, there's a whole new world out there........and do get some new heels.

Nothing to fuss about, but I had it; 1652,28 and 1642,90.

Menelaus
23 Apr 12 15:30 Joined: 03 Feb 05 | Topic/replies: 1,793 | Blogger: Menelaus's blog
Ooooh, really, I forgot, of course, intraday, for those ubber-traders who buy every daily low and sell every daily high right down to the second. And what's that range about 1pc?


I'm wondering whether melly is on a wind up or whether he is just completely feckin stupid?

One minute he is mocking people who trade large swings by saying that "you can only be successful if you take positions for less than 30 seconds". Now he is saying, yep, you guessed it, that the only way to make money is by trading the large swings, and not the intra day b0llox.

make your mind up you feckin clown ffs.

Now have your idol woken up and read the morning papers. If he is kind he will show you some trading techniques...

you re both clearly talking about different things. you r like a tennis player who wants to explain the rules of his sport to a badminton player. the fact you both play with a racket doesnt mean you play the same sport.
menelaus is looking at close to close volatility which is been low, mrben is looking at intraday ( or high frequency ) which is been significant ( at 14% altho by historical standards not huge ). bit disappointing,maybe, from menelaus as someone with his culture ( and i mean it ) should know better.
from reading the posts ( these and previous ones ) it s obvious that mrben trades with a mean reverting approach, so of course he likes this kind of market. a more volatile market, and a very directional one in fact, it s not his favorite scenario. he s looking for the 0.5% moves all the times, if he was trading the ibex or the italian bank stocks - which have been 3-4 times more volatile - he could have been in much worst shape ( as no point in locking a half pct profit and risk a 5% move agst if the price goes the other way round ).
of course this approach is very simplistic ( you trade a market that moves a lot, but in the end goes nowhere ) although it can be refined and optimised to very sophisticated levels ( which asset has the biggest spread between close2close and highfrequency vol; which frequency can be considered high; should you take frequency in time or in pips; should you take an asset or a basket of assets which can display a more sticky behaviour; should you neutralize market risk while trading this strategy woth some overlay, etc ). im pretty sure mrben is not sophisticated enough to make this analysis, but im also pretty sure he recognizes when to play and when not to play a market he s comfortable in.   
menelaus prefers a longer term approach (whatever he says about the 30 seconds, i cant believe he believes it even himself ), hence his emphasis on the need to know the basics of economics for trading the markets, which is unfortunately not true ( and i say unfortunately as otherwise trading would be too easy ). but his analysis of what s going on has to be a bit more in depth for his trading style than what is required by the ben startegy. in shorts, menelaus trades (or shud trade) 'macro'.
for what i know, i read or i care, they re both very successful and almost never wrong. in fact i would say they tend to lose only when they start to trade the other style compared to what suits them.
if only they realized they played different sports they would stop to argue almost immediately and finally we would have a free forum for everyone ;-)
jw

Furst of all, try breaking up your usually long posts in paragraphs, and cut down the run on sentences, it would make them a lot more readable. I mean FFS does it really take up so much of your precious time to capitalize the first letter after a period? Seriously !!! Also, if you are to continue to share your wisdom on here, you should post more often. The way you appear out of the shadows now makes you look like a lurker. With that out of the way…….


is looking at intraday ( or high frequency ) which is been significant ( at 14% altho by historical standards not huge )

Bollocks.  If you go back and read my posts they all refer to last week. It's your statement, back it with numbers.

it s obvious that mrben trades with a mean reverting approach

I'll take the "culture" thing as a compliment, but noooo, menelaus thinks benny the clown is a fraud, financially illiterate and about as dump as a bucket of nails. He definitely doesn't trade with something that he doesn't even know what it means.

he s looking for the 0.5% moves all the times

Enlighten me how the mug can be "looking" for those 0.5pc moves, and move importantly get ahead of them, when by his own admission he doesn't use TA nor does he know how. Does the thumb out of your arse method have that kind of predictive power?

of course this approach is very simplistic

If by "simplistic" you mean a complete joke, then I'd have to agree.

im pretty sure mrben is not sophisticated enough to make this analysis

You think???

hence his emphasis on the need to know the basics of economics for trading the markets, which is unfortunately not true

Like I said, any fool that throws a few quid in an igindex account becomes by DEFINITION a trader. Whether that leads to ruin or profits is an entirely different matter.

for what i know, i read or i care, they re both very successful and almost never wrong

Then you're not paying attention. Lot's of times I got short term moves wrong and posted about it, and never have I claimed that I made "10 years wages" in a single trade that I couldn't even explain. But at least I demonstrate every day that I know how money gets created, what the price of oil really is, how central banks work, that inflation, deflation and hyperinflation really is, and on, and on, and on……..I think you get my point.



Bottom line. I couldn't give a toss what this halfwit is trading, least of all gold. I doubt he has enough money in his trading account to be able to afford to buy three gold coins, which makes all this talk wasted on this POS a complete waste of time.

I'm not wasting anymore time on that mug. There's so many important subjects we could be discussing/debating on here regarding this ongoing crisis instead of wasting time discussing this clown's aftertimed trades. Unfortunately however he shows up with is daily drivel on the AUD or Gold when he clearly doesn't understand fundamentals and, by his own admission, doesn't use or understand technicals. What is there left? (rhetorical)


Let's just leave it "cmon the blues" before we start disagreeing again.

Menelaus
05 Apr 12

Here´s something to wet your appetite:

did you mean "whet"?  menelaus don't be knowing finance and he certainly don't be knowing English

To his defence; he writes fast and has no proof reader.

Actually, apologies to those who post regularly on here, the culprit is not any of you.

It pays to have a few friends in high places. A short call later and.........hello billy, long time no see.

17 $ range today.$1666 now.

That will also do me.

can go higher but im out till next week at these levels.

happy days