Worth a look: "Propaganda"

Almost an article. Tiny booklet written by Sigmund Freud's nephew. Powerful & relevant read.

One of the ways to play a diamond bottom pattern.

Based on Bulkowski's research > http://thepatternsite.com/diamondb.html < Diamond is a pattern with at least 60% probability of reaching it's target. There are many ways to trade them.

Presented one is 'dirty' as Friday's close crooked it's structure. Morphed into another pattern.

Daily Position with help of 'The Measured Move', Intra-Day timing and 'Entry' contributed to high conviction:

 Ask for diamonds..

Present. Currently Reading: "The Death of Money"

A friend just got me a present. She knew it was on my watch-list for a while and it appeared at my desk today. Thank you J.

Should be called "Fade of faith". Worthy macro read.

Interview with a Bank Trader

Here a follow-up to Anton's presentation on Investment Banking's structural decline & 'brain-drain'.
Insights into techniques bank traders use. Lot of them less sophisticated than you would expect. Good job Shaun.

On top of things. Worth a listen.

Professional Trading Realities and Options

Anton Kreil on realities, past and future of investment environment. Laying out basic structures and options.

If you're studying to work in investment banking, this will give you more insight and likely save you time.

"You have to deal with the market you've inherited"

Sizing

.edart eht fo sterces uht fo enO
 The how much part..

Mostly light

80%

but sometimes heavy. 

20%

What type of trader are you? Planning? Strategic?..

Pure personality predisposition test. Honest answers will produce accurate results.

It will ask you for e-mail.

Clean cut + MM example.

3instinctively@gmail.com

Part of friday's live morning action.

triplelong1403gu from TemetNosce101 on Vimeo.



Earlier MM GU S Example

gbpshorts2 from TemetNosce101 on Vimeo.

Recommendation: "Hedge Fund Market Wizards"

Third of series. Relevant profiles. The more you know know the more you'll learn. It has secured a place in my top 3 if not the no. 1 spot of all time favorite non-technical trading books. 500 pages- money well spent. Also a present. Thank you J, you're a star.

Inside

Learning new languages just got easier.

Here are 100 words that make up 50% of most conversations learning which will surely speed the process up. Combined with immersive learning methodology like Rosetta Stone can produce major results in fraction of time compared to traditional ways.  Here they are:

$bcoin tulip fractal?

I recently posted this chart noticing some similarities between the two based on fractal work by @edmatts. I have been buying and selling bitcoins without leverage since early months of the year mentioned back in Our Trading Room days.

As mentioned in the room and on twitter-stream did take 40% off earlier on at around $250 highs to take the initial risk off. Bought some back at 50% retracement off first $900 highs at little below $500 and selling half of all exposure at under $1000 mainly based on those similarities.

No idea how far they will go and as much as I like the idea of de-centralized non-privately owned currency systems. I partly treat it as a trade so that's the logic behind it all. Leaving about 15% in just in case this time is different.

Looking into #Litecoin and #QuarkCoin and buying some at current rates just in case and for the record. FYI there are many more out there. Am curious which ones will survive. Loving ideas and models behind some of those new crypto-currencies.

Worth a follow.

Fair-minded author of a few independent documentaries regularly reporting on the economy through his channel

Can also be followed through his twitter-stream

The Wall Street Code

After 'Quants' and 'Money & Speed' comes 'The Wall Street Code' with some more insights into the inner workings of algo-trading business in a light documentary format.

How algorithms shape our world

Interesting Ted Talk by Kevin Slavin

Originally found on HPC Wire

TV station by traders for traders

Check this out.

Interactive television by traders, for traders. Sometimes serious,  they mean business with shows hosted by likes of:

                                           

Instruction manual

Tide is turning against the cabal? Insider trading of the FED to end? :) Sound money sooner than later?

Worth a watch. Interesting Interview with World Bank whistle-blower Karen Hudes on the work she and her colleagues  have done to shine light on practices of banking cartels. My asian sources have been reporting on topics discussed in this clip for a long time. That's a first western-world media example I came across. Positive overall. Smooth transition rather than 'Mad Max' Scenario.

Recent interview with Marc Faber

On skill-sets in demand & more

Interesting Post- "Why you need to unplug every 90 minutes"

[Thanks to Chris Bayer]

H1 Usd/Jpy Diamond reversal on D1/ 240 Levels, looking to hold longer-term. Traded live on the stream this morning. Position trade.

Even though I didn't get fully filled and took a half off quiet early on it's still ended up being a good trade and potentially a massive runner.

Plan posted on the stream live & before pattern played out.

Australian Sovereignty Party's Model

Bill Still presenting a solid model of self-governance proposed by people of Australia, with honest monetary policy and innovative tax-code.

ASP's website here

Recent interview with Peter Shiff

Good, fresh  interview with Peter Shiff on his businesses and current macro situation. The usual but a decent interview so worth a watch.

How to make better decisions- Documentary.

[Historically 4% of pilots are responsible for 40% of total kills(38:50).]

Interesting one on overriding emotional reactions, taxi driver's syndrome, priming, educated projections, post-rationalizing bad decisions & more.

We are bad at making decisions. According to science, our decisions are based on oversimplification, laziness and prejudice. And that's assuming that we haven't already been hijacked by our surroundings or led astray by our subconscious!

Featuring exclusive footage of experiments that show how our choices can be confounded by temperature, warped by post-rationalization and even manipulated by the future, Horizon presents a guide to better decision making, and introduces you to Mathematician Garth Sundem, who is convinced that conclusions can best be reached using simple maths and a pencil!

Mind over market

Rapid increase of trading account's size combined with trading live in front of others had an effect on my state of mind and I have noticed myself over-thinking some entries, clogging up & missing more opportunities than I used to.

I immediately focused attention on mental skills and created a free state of mind liquidating unnecessary thoughts & feelings while in action. Here is a good video interview with Mike Douglas "Mind over Market" which inspired me on how to do it.



[ Thanks to Mamood Venkataya ]


My results have increased significantly since and I expect May 2013 to be the highest net % return this year with no increase in average draw-down.

Book Recommendation- "Smart Thinking" by Art Markman

Improve your thinking & trading through work on your habits. Creating good ones and replacing bad ones.

Solid position on how to replace self-limiting habits with new behaviors that foster smart thinking.

The way your Memory works and how to maximize it.

Effective ways to present and process information

+ More

Thinking uses a lot of energy. That's why the brain is designed to think as little as possible.

The brain is a habit creating machine. Habits are created by consistent mapping and repetition. Habit change requires replacing bad habits with good ones

Habit- signature feature - an action you can perform automatically without having to think about it consciously.

[Click into book's graphic to take a look inside at Amazon's site]