Here is the thing many are educated about, I can post charts all day long of decent system I trade, but 99% of those on this site don't have the knowledge of chart reading well enough to know when not to take trades, when to take profit faster, when to give up the tick and when not give up the tick. Then the 1% who are very good, vendors or Institutional will take my systems and trade them so then I have to compete with them for good prices. So it is not so much of handing out decent systems to help out others, it is being robbed by the pros. And I got my virus system spitting out a threat was detected looking at that site "Amazing Strategy". Case you want to know.
"his eyes glued to bid-ask screens" "Nor does he scrutinize earnings reports or parse central bank statements or spend much time looking at moving averages or other price chart patterns normally associated with technical trading." http://www.bloomberg.com/news/artic...-moving-japan-made-more-than-1-million-trades and another related same article on that guy: http://www.bloomberg.com/news/artic...-panicked-japanese-day-trader-made-34-million
The scariest thing about my post is that nobody saw that the Amazing Strategy is a plausible sounding joke system.
I know his online persona and talked to him online back in 2014. I don't think GloriaBrown is talking about him considering she said "traders" as in plural and not one specific individual. Thus, I'm curious about whom they are ? By the way, CIS does use charts with his bid/ask/T&S screens but just doesn't use any technical indicators or traditional chart patterns. In fact, I've met a lot of people that use charts but they just don't use any technical indicators or chart patterns. They're mainly bid/ask/T&S screens and then use charts to help them select the right trading instrument. I know a few others out of Japan that don't even have charts nor pull them up at all. Instead, they are what I call pure bid/ask/T&S screen traders...day traders. I don't consider CIS one of them because he does use charts to help him select what to trade to confirm something he heard online in the chat room or twitter or breaking news. Regardless, I am under the impression he gets most of his market bias and trade selection via what he hears from those online that he values their information. Funny thing is this. Many institutional traders communicated online in private chat rooms (messaging rooms) on Bloomberg in the FX markets, Asia markets and European markets...forex, stocks and futures. Many were caught up in a scandal were fired, arrested and many firms no longer allow their employees to visit such types of chat rooms. Don't misunderstand...chat room communication by traders from institutional trading firms is not illegal. What was illegal what the type of information that was being shared to strongly to influence to direction of the price action. My suspicion is that such still occurs but more on twitter. Thus, I can understand why traders like CIS puts a lot of value to info they get from twitter. Makes sense to me because I know one particular institutional trader that pays a lot of attention to info on twitter and he's heavy into the Brent Oil futures. It's easy to do...just setup auto key word search on something like tweekdeck and watch the real-time news and information from those you trust. You'll be surprise to the fact that important people like to talk online on twitter or they use some anonymous user name to communicate with others they know that are doing the same. Kind'uv reminds me once of this live interview on CNBC of a floor trader at the exchange and the journalist notice a portable device the guy was carrying. The journalist ask what it was and the trader responded by saying he sometimes watches the "twitter feed...sometimes info will hit twitter before it hits the financial markets". In addition, algorithms now are more heavily using twitter to scan twitter for trading ideas and trade decisions. There's companies out there like RavenPack, Lexalytics that sells this stuff to the world's top performing quantitative hedge funds, institutional firms and professional private traders. Simply, CIS may be doing a lot more than we think he's doing than just getting valuable information from those he trust on twitter. Trading isn't like it use to be. http://www.ft.com/cms/s/0/c464d944-ee75-11e4-98f9-00144feab7de.html#axzz439WF31Ab http://fortune.com/2015/09/16/bloomberg-terminals-twitter/ https://gigaom.com/2015/02/03/as-social-media-gets-quantified-more-people-use-twitter-to-trade/ http://www.cnbc.com/id/100666302 http://www.thewire.com/business/2011/08/how-twitter-based-hedge-fund-beat-stock-market/41389/ "I've a feeling we're not in Kansas anymore". - Toto from The Wizard of Oz
I mean cis and the other one who is friend of cis. you are so lucky that u could talk with him. you must know japanese very well. by the way what is t&s screen? for ask and bid, only the current buy/bid or more slots?
Base on what I read before cis doesnt care much about news or rumors. There is no way anyone can tell a rumor is real or not and how much impact would that be.