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Put it another way.....in ancient times wars and assaults on castles and
forts depends
on the amount of men and supplies and see who can withstand....lets say
the constant battering of the gates.....eventually the one with fewer
resources will give out....
in todays markets its the same...but all the players agree to use a
common "ammo" w/c is money,so during combat (trading hours) ..those
whose ammo runs out first "lose" the fight.....well..for the first time
im history....the paradox is..one of the players in this "game" has
unlimited ammo..because it coincidentally is also the source and creator
of this ammo...you can even describe it as God like powers due to this
infinite supply of ammo....who do you think will win in the daily
firefights? This player has a self appointed justification of its
existence and agenda to maintain an orderly market and save the masses
from hurting themselves specifically the equities market.to succeed as
players we have to "side" and play with its (maybe others called it
"ride the trend") current agenda and not "fight the tape".......the more
a player/trader complies with this big player's daily game/latest policy
,the more "ammo" / war loot can be extracted........we are not in the
war because of ethics or morality or politics..we are here just to get
more "ammo"..w/c can we exchange with other goodies.....
T-Bondtrader wrote:
> When I was shown around the CBOT and CME by a member, I was told,
> while walking through the pits and in the midst of all the action that
> the general consensus of the floor was that it was simply "taking
> money from the public". The best way of viewing what was going on
> was to think of it as a game. The Big Boys (a term I use to cover a
> multitude of market makers and movers!) who control everything, could
> only make money when the market moves, so they make it move. They
> take it up and they take it down. And they make exceptionally good
> money when they do it. They are the guys who see both sides of what
> is going on, as it happens. Consequently, the small illiquid pits are
> very loaded against the public (it is just too easy!) and should be
> avoided at all costs, but the big ones could be played as they played
> them, if, despite the size of your account, you actually played
> according to their rules. Now you have to understand how they move the
> market, how they play their game and then play it their way. You have
> to put your little pads in their big footprints. It is not point,
> for example, saying I use a stop of X ticks according to my wallet,
> when what you need to do is use a stop of Y ticks or Z ticks according
> to where the market is and where it is going. You not only need to be
> in the market when the Big Boys dealing the cards, but you need to be
> out of the market when they are not there, too. You can hide quite a
> sizeable number of contracts in the bonds that you couldn't possibly
> do many other markets. You can get your price going in and coming
> out, if you trade the way the market moves and not the way you want it
> to move. You may be a Little Boy, but you need to behave like a Big
> Boy and you can only do that in a very liquid market that you can
> afford to be in, in terms of size, range, volatility, spread, etc,
> etc. Of course, the markets are manipulated by the Big Boys and in
> that term are a whole host of faceless types, which means a lot more
> than just the government or the fed or any other agency. Whether you
> like it or not, they do what they do when they want to and that's
> that! Some clever people, using all sorts of predictive tools, may
> be able to say when they are going to do whatever they are going to do
> - and if you can do that, more power to your elbow. If you can't
> (for any one of a host of reasons), then all you can do is be in a
> position to profit from what they do, when they are actually doing it.
> I am quite sure that there are some immensely powerful people around,
> who can club together at the right time to do what they want to do in
> the markets. Trading is, after all, the biggest endeavour that man
> does on this planet. It is not so much a conspiracy, as a fact of
> life. It is being powerful. For many, many people that is what life
> is all about. Since the vast majority are the subjects of the
> powerful (not withstanding democracy!) the best thing to do is find
> out it works and then gain from flowing along with the power, rather
> than battle against it. But, you may say, that cannot be done in many
> spheres of life, and I am sure there are many examples where this is
> right - but it can be done in the markets, if you apply yourself. You
> can do as they do, if the market is big enough and that's about the
> size of it... Bill Eykyn
> www.t-bondtrader.com
> "Learn to read the tape"
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