Tuesday, August 19, 2008

Attraction Points(Apoints)

1266 1263 1258 1252 spx 1278 1281 1286 1292

10:13 ET, Dollar is chocking everything in its sight, but I think the 78 +- few pips, the first stage stops.



















11:23 ET, King in the morning, Slave in the afternoon. Well, all streaks come to close and this one by the Dollar was too strong. Needed some rest as suggested couple hours ago. We are just about getting it.

11:55 ET, Ok , is ANTIDOLLAR BACK? sure looks like it for a while.

12:36 ET, Folks, this silence means one of the two things. Either I lost a touch and nothing I say makes any sense, or everybody has become so good at this staff that they do not need my consultation. In either case I am happy(:- !

37 comments:

Wanderer said...

Dear Boris,
You still make sense AND I value your commentary.
I'm just trying to get my time frames and positions sorted out.
Thanks and good trading.

Bert

jimww said...

we still love you boris now is the time to really think thru the markets , enjoy the silence. Jim

אנטי-סופיטליסט said...

Dear Boris,
Went long OIl, Nat.Gas & Can$.
Yesterday went long Yen and placed a OCO order to protect myself while
I went on a hike.It worked beautifully selling at my high price. I have been just starting to use them in last few weeks and they have worked well for me overnight.
Which got me to thinking about your orders Boris.
Do you ever use any special orders or do you just click on the B/A?
When you are in a position, do use stops often or are you so in tune with the the markets that you simply exit when you feel the time is right?
I picture you with a battery of monitors shouting orders to your crew: Buy this! Sell that! :-)))

Thanks as always for the guidance.
Got out of half my SPX puts.
Goood trading,
Klaatu

boris said...

Dear Bert,
I thought you had all that figured out(:-

Love you man.
Thanks for holding my work at value!

Great Day Dear Bert

Good Trading

boris said...

Dear Jim
It really is some kind of an ,whats the word, I am not going to go vocabulary now, ( is eery?) that things look lik they have takne over our lives and we look like meandering with every little news(wind) that comes by.

Amazing. It does require thinking.
SOmething is changing the world again,is not it?

Good Trading

אנטי-סופיטליסט said...

Dear Boris,

Thank you for all your comments. It looks like you nailed the dollar/anti dollar again.

I am trying to figure out how high $GOLD will go and I have 836 and 856 (and what I do not belive 876). First target could be around 840.

Am I to optimistic???

Tanks,
Howard

boris said...

Dear Klaatu,
Commended, You went short stocks before I did ( you said you were short yestreday before I uttered my now famous garbage about going down(:- )

About trading. You are right. I ams so with the flow that I do think about prices ( APs FIBOs , exahustion etc), but once I am there nothing matthers but the timing. Like 1 2 3 ... 4 5 is it going or not, NO GET OUT!!!!!
YES KEEP GOING MAN!!!

Yes, the first thinking is to lose nothing, absolutely nothing. Any threath of loss will immediately gets my reaction, unless this is a scaled trade( longer, swing trade). I could get in 10 times in 20 seconds and out.

Yes, survival is the only thinking at the inital stage of the position. Once the position survived I can relax a bit.

I hope this helps, but it is difficult for some people to trade that way. Especially when they lack the confidence in what they are doing.

They assume that Well, Boris knows it all. It is easy for hime to say. Garbage!!!

I do not know anything. I just know that I do not want lose. That is the most important thing I know. It is like an animal instinct. And it was not always there you know.
So, that shows , TRADING IS A HARD WORK, it never gets easier, until you are out of your position.

Good Trading Dear Klaatu. It would be interesting for people to discuss the styles, as we could learn more about what the "OTHER SIDE" thinks

Of course I can just remember myself 5-10 years ago and that will do it for me. I will know what the other side thinks!

GOod Trading

boris said...

Dear Howard,
I think you will be better off if you lowBALL this thing. Of course, As I just discussed, with me TIME IS HUNDRED TIMES MORE IMPORTANT THAN THE PRICE. DID I Say this before... Wait, now, the time is MILLION TIMES MORE IMPORTANT than the price.

When I want to eat, it is time. When I want to sleep, it is time. When I want to spend time with my beloved wife it is time...

It is time, time and time again. I could not care how long I will sleep!
LET NATURE TAKE CARE OF THAT. Alright.

So. now, I would be out of this thing before 25-26+- 1 Trading day. and better price I got better it is.

I would EYEBALL 2-5% from the low MAX

Good Trading Dear Howard
God Bless you.

You finally got out of me what I always wanted to say.


IN TRADING LIKE IN "REAL ESTATE(DONALD TRUMP BE DAMED!) it is the timing that is most important.

You know somebody before me said that too.

His name was W.D. GANN, legendary trader

HUH!

Hopper said...

Hi Boris,
Do you have any thoughts about the timing of collecting gold stocks.
With gold going up and stocks going down...

boris said...

Dear Hopper,
Unfortunately for some, they find it hard way that GOLD can go up and GOLD STOCKS go down. How could it be?

Well I said it before...

GOLD stocks are STOCKS!
Sometimes people/machines(:- sell them from the portfolio, because they want to buy something else, or meet the margin call.

So, when stocks go down, often the GOLD stocks go down, while gold can be going up
Hallelujah!

I would wait at least few more weeks before I would collect GOLD stocks. It could be Sept/Oct time frame.

Thanks Dear Hopper

lagscrew said...

very low trin in this sell off--kinda looks to me like dumb money is buying this

boris said...

Dear Lag,
Good Morning to you too(:-

Good Luck my Dear Friend

Good Trading

אנטי-סופיטליסט said...

Thank you Boris

for the warning.
Time is (most) important, yes I have to learn that.
I will admit that I have no gold (or oil), because I try to have some discipline about "do not go against the trend". I have been there before...
-------
The down trip in DIA the last 2 days is look a like the down trip 11th/12th, so it is a possibility that the opening gap down this morning could be closed! Time will tell soon.


Howard

boris said...

Dear Howard,
Thanks
GOod Trading

jimww said...

Here is my BS to ponder please do not let it influence you in any way, I think the eery feelings are reactions to emotions from spoting whiffs of delation , when every stock, bond, commodities all go down at once it is weird since it rarely happens, even though we had one day about a three weeks ago , the stock market gaped up the next day 1250 to 1313 . So I do not see a big rise or gap up I see down a little for a week or so then a rise into the 200 day 1340 or the election which ever comes first . It would be nice to see 1240 on the down side but hell bells The market does not like to do what I want it to do, My BS is as good as any other BS just my opinion now forget what you just read and get clear. Jim

boris said...

Dear Jim,
I had the same expereince with the markets. They did not want to understand what I was telling them.
So, I became multilingual in hopes that the beast understands at least one or the combination thereoff...

You see the results(:-

It is not pretty for the markets nor it is for my ENGLISH!

Good Trading

אנטי-סופיטליסט said...

Dear Boris,
Your tactics are similar to mine through the years. I am always monitoring my new positions very carefully.My entry point is where
I am most vulnerable to a loss.The profits I let ride.I can't operate as fast as you (even at my peak)
but I have a daily signal system for everything I follow.Then I use a 6 min chart for entries.I keep using it until it moves in my direction, then I move to a higher time frame that allows me more room to allow the trade to work.
Since I am getting signals every day,which ones to take becomes the critical isssue for me.
That's where I rely greatly on your daily comments and e-mails.If the anti$ is about to move I focus on those.Now that is a clue for me, but I still have to use my signal to enter.Your running commentary allows me to increase the odds of my befogged brain finding a winner.

Currently I like the action on the Can$ and it might move up into late this week or early next.I elected a daily buy last Friday and it's status is still buy, but it will have to turn up soon or it will revert back to sell.My longer term indicators are all on sell.Just looking for a bounce.
Good trading and many thanks for
sharing your knowledge.
My typing is slow so I can't always respond quickly.
Good trading
Klaatu

boris said...

Dear Klaatu,
That certainly is probably how most of succesful traders operate. They hate loss and concentrate all efforts on getting the BABY(Trade) grow through critical, incubation , time.

And I totally agree with you about the choice of the trade. That is so important. It is extremely important in maximising the return on your effort.

Today for example, if you trades SILVER you are still down, if you traded GOLD you are 1.6% up.

That is a great difference.
I do not say I am able to do the kind of job that is needed in this category, but a broad look that I have does help a lot.

Yes, the hand speed sometimes is important, especially for a nervous trade like me.

All in all, you nailed on the head. It is aversion to loss that makes a good/succesfull trader.
Once you have that aversion you will imporve all other attributes ( hand speed , brain speed, technology) whatever to suboordinate to that goal.

Thanks a lot for sharing your trading approach with us.

I sincerely hope that people reading this, finally get it. That Succesfull traders are not much better as humans as unsuccesful ones. It is just they learned to survive.

Good Trading

lagscrew said...

sold QID

lagscrew said...

sold twm

boris said...

Dear Lag,
these are the longs you took a while ago, right?

Good Trading

lagscrew said...

sold 1/3 of shorts

lagscrew said...

yes--close to breakeven now---UNG screwed me bad

lagscrew said...

also have a few SLV--baaaad

lagscrew said...

sold 1/2 of my srs and skf--keep the rest--was some negative divergence setting up

lagscrew said...

back to my old time high or close after taking a beating last week

lagscrew said...

back to my old time high or close after taking a beating last week

אנטי-סופיטליסט said...

bORIS, ARE YOU STICKING TO YOUR GUNS FROM YOUR COMMENT YESTERDAY THAT YOU SEE A 10 DAY DOWN SLOPE. tHANKS, WALDO

boris said...

Dear Waldo,
I am not sure I said 10 day.
DId I?

I thought I said that I see few weeks ( upto 10 weeks maybe) covering SEPT and perhaps some OCtober.

I thought it would be a bit slow mover down, but that will, most likely, come in the last stage of the decline and the brunt of it will happen in 7-10 dayd from the start of the decline.

If the theses is correct then it sais that

1 we go down for 6-10 weeks
2 we go down hardest 6-10 frist days.

Good Trading Dear Waldo
So far, I have no reason to change the theses, but we are approaching the 50/62 percent FIBO retracements. Needs care

Good Trading

אנטי-סופיטליסט said...

you said for a few weeks or more, you said you would let us know if the spx was to make new highs in the next 10 days. My screwup my friend. I sold my puts to soon again today. waldo

boris said...

Dear Waldo,
Enjoy,
Thanks for remindimg me.

Good Trading

אנטי-סופיטליסט said...

Dear Boris,
Got stopped out of mini Nat.Gas with small loss.
Stopped out of Oct.mini crude with nice gain. Rebought again and sold again for a nice profit.Still long the Loonie and some SPX puts.
Heading off for a hike in the mountains.Amazing, 7 weeks ago I had a heart attack and I'm doing
6-8 mile hikes at over 8,000 ft. elev.
Great to be alive.
Good trading to all.
Klaatu

boris said...

Dear Klaatu,
Enjoy the Hike
We know the situation you have undergone,

God can bless us with life.
We can make it last.

Go hike!

Enjoy
Good Trading

czman said...

Boris--in regards to silence. I am following MDS religiously, not second guessing or anything. 33% of my total allocable funds. ANother 33% is following a different robot. The remaining third is in inflation hedges (anti-dollar) investments.

No need to chat. Just look at the signal and execute. In fact, chatting and reading coomentary is dangerous. ANytime I don't follow the signal, I almost always regret it.

So far, doing just fine. Sometimes one bot is up and the other down. It is working almost like a diversified portfolio, but rather than asset classes I have systems.

czman said...

Also, I only just added the anti-dollar investments recently. So no I didn't suffer the devastating decline (well, maybe just
the tail end of it)

czman said...

Hey Boris--for your marketing dept--my real live 2008 YTD MDS trading results, almost 100% correlated to mds(sometimes I'm a day late)----up 22.5% as of today. Not bad for a $500 investment. Too bad I only followed it with 33%, no?

boris said...

Dear Czman.
Thanks for your input.
I hope people are noticing(:-

Good Trading My Dear Friend