Precisely.... SOrry folks, just got to my station. I had to do the uncle sam thing in the AM. I am not a happy camper neither, as if I hadn't given sam enough money... For whatever reason, I arrived at a new tax bracket last year, it is the one where regardless of whether you have ZERO exemptions or 3 EXEMPTIONS, the tax rate is exactly the same (ie. you get ZERO credit for exemptions above ZERO). MAKES NO SENSE, and the professional who did it agreed.... Grob109, you wouldn't happen to know of a tax paradigm? RRRRRRR.... In any event, what txuk mentions is correct. Although I have yet to see a SHORT MARKET OFFSET, the concept is still the same, you just flip the concept. Because we are in a LONG MARKET OFFSET (ie. futures trading higher than the index value), a STRetch is when the distance between the futures and index is larger than the SMART MONEY FAIR VALUE (ie. the distance between the futures and index is in expansion). The opposite of STRetch is SQUeese where the distance between the futures and index is smaller than the SMART MONEY FAIR VALUE (ie. the distance between the futures and index is in contraction). Recall that we are boiling everything down to leading lagging. By definition, we EXPECT that the leader of the pair is tugging along the lagger of the pair. NICE work Irl. Hypo, you still around? I am honestly curious if you are seeing the same movement. I know your one of the more optimistic skeptics so it would be interesting to hear what your thoughts are. I am hoping that they are CONSTRUCTIVE rather than DESTRUCTIVE. MAK
Mak, just some feedback for you - after I read these two snippets a little green light started flashing dollar signs in my head. I'm really beginning to SEE just how much money is out there and the myriad ways to access it. Now if I can just begin to SEE how to get it...
Txuk - thanks for the answer I'd suggest doing some research on C Corp/Limited partnership combos. They will permit you to disburse most of your profits without being subject to Medicare/SS taxes, to whomever you wish to include in your partnership. Throw in a VEBA for good asset protection and estate planning. You can take a ton of income from the C Corp and put it into the VEBA as an expense. I won't go into the details of the VEBA's but... the IRS hates them, and can't get rid of them
using FV 55.09 so far today - not perfected the adjustment of this so far. Mak - would appreciate your comments on attached. As an example. the move from the bottom at 11:38 approx upward in xls remained in squeezy mode. Can this only mean I am not calibrated or do I hold through until smart money changes direction. This gives back profits but the down move was pretty accurate and so possibly part of the game. The smart money would also give back some $ if this is the case many thanks IRL
We have c corp here and a 501 c 3 set up as a foundation, both AZ corps. If you have long term commitments to others, it is a good idea to review the NFA regs (part 208, etc) By using limited POA for up to 15 others you can still retain amateur status and not have to do filings. This means you put the capital in other's accounts pronto. You can dump into the 501 c 3 as well. I spent 7 1/2 months querying IRS on one other pertinent matter: How to not pay penalties for withdrawals from "qualified's" when a person is under 59 1/2. The answer is a two stepper that works because you take out the intitial cap first using an instrument that has payments designed to eat initial capital up to 59 1/2 as you take it out, then all profits from that point are tax favored. We did a few other twists with other related instruments and the product supplier raised our override from 70 to 110%. several things are appearing on the table these days. what I am observing is that two themes are occurring: some of the "discoveries" are being understood through computerized data displays, i. e., software is considered reliable enough to verify what human senses are doing in manual operations.; second, the amount of market money making is being reassessed and it is realized quite firmly that it is out of the ball park. What is underlying this stuff is that tools can be made to support forward trading and the tools, roughly speaking are immacculate. They are very very powerful for front running the market using seamless continuous trading. You are getting the offset straight; with ease you see that stretch and squeese do differing signals depending upon which sides (quarterly) the cash and futures are located. You are absolutely getting the fact that learning to make money is a process and that process fast tracks by dong repeated drills; and, further, by your comments, you are waking up the next day after your mind has subconsciously reorganized and made efficient what you know as truths now. We have had one cycle of "the tougher they are the harder they fall". It is not possible usually to support the learning of a person who wants to be "right rather than rich". I have spent a lot of time observing in ET. There are some real knotheads about. They are noisey too. Moderators and admin people delete on topic posts as well. Several people (search inandlong, for example) went through the position trading transition to get to make money. Spy really did the job and added some tools as did others. This wave has occurrred and now there is a process unfolding to document thoroughly all the aspects and drills of position trading. we are doing 125 pages every 2 weeks and camtasia began this week on three machines. we can knock off 25 minute videos (50 megs) on drill after drill once our storyboards are formed. Three web sites are being opened as their design is getting done. We have local people who have quadrupled since 01 JAN06 (See Thunderdog estimate that is coming to fruition). I am averaging 6 hours each contact with a dozen people a week. (see attachment of front running BHP) How can anyone get another person to consider possibilities for being rich? This is a tough nut to crack. Here (SCT type stuff) we see several (almost 10) different approaches being augmented by contributed tools that can be used commonly. ET does not operate in a manner, ordinarily, where a person who is seeking can get answers from people who are ahead of him on the path. It is difficult to conduct any forum here because of the nature of those who relentlessly tear down others and get them thrown out whern they return stuff in kind out of frustration. It is the same elsewhere. Now, here, in this thread, we are moving from one plateau to another. The sufficiency of several fundamental truths are merging because of the efforts of many people. One appears and gets acknowledged and then understood. Then another. And another. I believe that many people are "seeing the market operate" at this point. Most people never get this opportunity because they barred themselves from the playing fields. The ah ha, AH HA's and religious experiences are incredible milestones and it is all something , that once you have it, cannot be taken away. Now, is also a time when people get to realize that giving anything away does not, ultimately, stop it from working. We also get to find out that the test of anything is it's universal application to differing markets and differing fractals. There is never going to be a time when the Crays of the smart money are going to poop out. Str/Squ/Neut will always be there. thee will always be leader lagger markets to follow and use to optimally make money. The DOM will always work.. So will if1, if2, etc. Here our teams will be knocking off camtasia stuff (primarily a few hundred drills) and writing the process as key papers that have camstasia versions for doing the learning reps. We have our first six storyboards to replace the six brain fitness items of Merzenich (UCSF):Music, Langauge, Juggling, dancing, puzzles, and ping pong. (See pg72 Forbes 27MAR06) Mak has precipitated a new plateau and he recognizes that there will be some big choices ahead for the traditional detractors. How tough does a person have to be to not be able to think along with a contribution that solidifies the stuff going on in this thread? What would it be like if a person could simply bring a chart to the table and have it displayed for all to see and then have a record built of the solution(s) to the problems he is facing?
I would be grateful if someone could say in a lay person's language what a rocket trade is. I have done some search but still not any wiser. Or please point me to a thread where I can explore the concept of a rocket trade. Am I right in saying that a rocket trade has something to do with trading at peaks and valleys when stochastic/ MACD are at extremes?
Anthony, I apologize as I was out of the market today. My conference call schedule just wouldn't let up today after I had gotten in. Thanks for the pointer on the tax item Grob and Anthony. I am actually nauseaus about how much I'll be paying in this current year. Also, I do want to address your STR.SQU question. However, what I need from you was the STR.SQU log from about 11:10 until what you showed displayed 12:11. So that I can point out several concepts that I use to trigger a recenter. Usually, recenters are immediately triggered by errors that I recognize as a FAILURE TO SQUEESE or a FAILURE TO STRETCH. Your log looks pretty thorough and I want to check to make sure that it is not sampling the neutral offset values. Your log time looks good and perhaps you have found a better way to get rid of the sampling I had been experiencing when I had logging code tracking the offset. As always, Grob cast out some very interesting facets of SCT that I have considered to be gauges of where people are as far as the possibilities spectrum (ie. IF1, IF2). Some of you are noticing and beginning to realize that there is a VAST spectrum of opportunities. In time, I am hoping that some of you will have many lightbulbs turn on and find various ways in which to effectively enhance your trading. Drills are important as usual. SEEing the potential that is there is can make most people gasp. I've lost a night or two of sleeping whenever I've reached such points. Tapping it is the killer adrenaline rush that is unlike anything I have ever experienced. In any event, post the log so I can do the walk through of what to look for. I typically scale my DOM chart a bit more than you do but that is just a preference item. I do it to avoid feeling unnecessarily hyper. Additionally, I enable the pace setting and volume for each DOM bar. Again, this is just personal preference. As you can probably imagine, I have my reasons and I'm sure you have yours. Fortunately, this works many different ways... MANY!!! Every other week I am finding myself jotting down a new facet to consider and work through. MAK
Hi Call, Take a look here: http://elitetrader.com/vb/showthread.php?s=&threadid=14129 There is a word document titled "BeginnerRockets" floating around here somewhere. In a nutshell - you are right. Certain extremes of non-bridgeing (sp?) MACD and Stochastic coupled with large volume define a "rocket." HTH Anthony As a side, but pertinent, note, take a look at Icarus618 posts about rockets in this thread.