I don't know Japanese very well but I have lived in Japan for a year when I was younger and I dated someone for a few years that's from Japan. A lot of people in Japan also know English. In addition, you'll be surprise at how many Japanese people online are interested in learning a little English. T&S screen is times & sales...actual trades. I've never seen anyone be profitable using bid/ask analysis by itself without times & sales analysis considering all the fake info on bid/ask especially with all the games played on such by the pros and algos. Algo trading in Asia markets has increased from about 35% to about 50% the past 5 years. Some argue even more than that. More importantly, the point I'm making is that its understandable why certain types of traders (e.g. CIS) value twitter to help with their trading considering more hedge funds, institutional traders traders and other professionals value twitter as a useful resource to help with their trade decisions as explained in those links I posted earlier. I bet there's more traders out there like this in Japan and other countries outside of the U.S. that's not even known but using twitter as a resource for some of their trade decisions...professional and retail...beyond what bloomberg has identified considering know that their are more establish firms in the business of using social media data (analysis) for the world's top financial institutions. I talked about this several years back and I was surprised at how many so called veteran traders at ET laughed at such a thought.
What I have always found amusing, there have been quite a few systems pass through ET and much are made fun of or harass the poster and yet I can take parts of them and plug into other systems I use and they are automated, one poster had put out a journal and his entire system was what I had made less slightly different period of an indicator, and that been automated since few years ago. The more back testing one does, you are forced to learn about price, and even systems that might sound like a joke to some can generate ideas to make different systems. Those who have little experience will seldom get how to trade, much much time involved in learning how not to lose money, anyone can open an account and start buying and selling and what many do then come here to find out why, 10,000 hours does seem to be the minimum and that is only the beginning. There simple is no easy way to get good and take money from other traders unless you are better than they are. And if you think charting is hard, trading off the Dome is much harder plus it will slowly ruin your eyes. There are very few patterns I have discovered of trading that way and they happen in micro second.
Ain't that the truth. All the Dome (bid/ask/T&S) screen traders I know that have survived past 5 years...they are all now wearing glasses when they had not needed glasses prior. To those going that route, make sure you have good eye care insurance to pay for those prescription eye glasses.
I honestly dont think CIS would really do this, and most of the pro day traders in japan trade like 100 times or more everyday, they would not wait for a rumor to do something.
I bought 48" screen, but by then I had coke glasses. What I do find amusing, from across the room I can see smallest change in a chart, maybe like one tick on a 2" square chart, you look at enough charts...I had lasek done, and after five years, eyes are needing glasses again.
http://zortrades.com/8-things-to-learn-from-japans-biggest-day-trader/ “He found success after a friend gave him a piece of advice: Forget the fundamentals. CIS doesn’t subscribe to the Nikkei or any other newspaper. 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.” It is either you just made stuff up or CIS was telling lie in newspaper, then 99.99% it is you make stuff up, why not you just say Alien told you that using twitters to trade work and Obama confirm that??
GloriaBrown, I don't know what you're talking about via that quote or maybe your reading comprehension skills are poor or you decided to quote an entire passage instead of only quoting something directly to what I said. I said the following quote to you and I'm not sure what it is you don't understand. Just to be clear... 1) I never said anything about fundamentals, subscription to the Nikkei, newspapers, earnings reports, central bank statements. 2) I've only talked about his use of twitter, chat rooms with those he knows and trust...the info he gets from "them". 3) I've only talked about his use of charts. I didn't say anything about him using technical indicators (technical trading). My original reply was directly to your comment that he does not use charts. What you stated is FALSE because he does use charts. Note: Its possible that you're one of those that believe anytime someone uses a chart...they must be using indicators (e.g. RSI, MACD) or traditional chart patterns (e.g. H&S pattern, Flag breakout). Contrary, many people that do chart analysis do not use indicators nor traditional chart patterns). Now you know the difference in that a trader can do chart analysis without technical trading. Simply, please be more careful next time when you say someone "does not use charts" when you meant to say that someone "does not use technical analysis". He does do volume analysis and talks frequently of such. Some traders considers volume analysis as a form of technical analysis or technical trader. I don't argue about the semantics of such about volume analysis involving if its a form of TA or not TA because I believe someone can use volume in their T&S screens (not bid/ask screens). 4) I've only talked about his use of bid/ask/T&S screens as his primary trading tool although his use of twitter and chat rooms is high up on his list as an important trading resource. You responding via asking what is T&S screens in which I reply back with an explanation. 5) CIS has a twitter account and so do his trading pals, video gaming pals and gambling pals. His account @ https://twitter.com/cissan_9984 and if you know a little Japanese...you'll know which of his friends are traders, which are just gamers and which are just gambling buddies and which of them he communicates with during the trading day about trading. I suspect (without any proof) that he has "another" twitter account in which he communicates only to those he trust the most about trading. My suspicion is that they plan their trades together which is what I hinted at involving others (institutional traders) doing such in the FX markets on bloomberg messaging chat room and on twitter...a big concern if you and your trading pals have a large stake in whatever it is that you're trading. The Cartell @ http://www.bloomberg.com/news/artic...at-room-traders-boasted-of-whacking-fx-market 6) The above article makes you wonder how a small group of traders can influence the overall market direction via positions at a key point in the price action. Simply, although the article above is not about CIS...he does monitor closely any critical market events especially if he's in the middle of a trade...such as the EuroZone (Greek) financial crisis. He does communicate privately with those "he trust" prior to posting any trade info on twitter. Now think about such very carefully...how does someone like CIS monitor the Greek finanical crisis while in the middle of a trade position after everything I've stated above ? He's not doing such via television. Once again, I have no proof of CIS doing such but it could explain why he's somewhat secretive about his identity just like all others that did such on Bloomberg before getting caught. The other thing that doesn't add up about CIS...he lives in a rented apartment as of December 2015...after making all those millions of dollars for the prior few years especially after his big year in 2015 (months prior to December). Heck, even the few institutional Japanese traders that I know making a few hundred k live in homes or condos...none in a rented apartment. He also states he lives like such to prevent being a target of robbery or extortion. Seriously, if you were that afraid...wouldn't you live in a secure protected home or condo ? More importantly, why would you then have a twitter account to announce many things from your private life including photos of your video/gambling buddies ? In fact, the last time I heard about a multi-million dollar profitable trader living like such was some a algorithm trader making such out of his parents home (flat)...he was caught doing something illegal. http://www.telegraph.co.uk/finance/...ering-global-markets-flash-crash-in-2010.html Regardless, getting back to the discussion about CIS, twitter is a useful trading resource for him and is the chat rooms. He had a blog but got rid of it. Anyways, surely you don't think he wakes up and watches the financial news on TV to make his trade decisions. Just ask yourself this, if you lived in Japan (I have) and you were making millions of dollars and you want to be secretive and you fear being robbed or extorted...how would you live ? Would you live in a rented apartment, post pictures and videos on twitter of your friends, post pictures and talk about where you hang out with your friends, discuss where you going and when your going on twitter...seriously...would you be doing that with that type of fear (robbery and extortion) while secretive about your identity and so public about everything else. Hopefully the above is now clear to you.
I never said anything about "rumors" nor did I suggest that CIS listens or uses rumors. Yet, I do kind'uv agree with you that's there's no way anyone can tell if a rumor is real or not especially if the source is anonymous. Thus, there is a way via only trusting reliable sources that have been accurate in the past about any news. For example, CIS talks about the markets on his twitter account and sometimes talks about news events or some research he's done involving the markets. I strongly believe that he has a large following on twitter that most probably believe him. Thus, its not some rumor to his followers...its a fact to them because CIS said it. Thus, to them he's a trusted resource about what's happening in the markets especially if you occasionally did your own research about the info in the past to only find out it was true. Therefore, twitter is useful and accurate...you just need to follow reliable resources because if you don't...its a rumor only. If the financial markets didn't trust twitter...they wouldn't be paying research social media analysis firms millions of dollars to analyze the info nor would they be able to profit from the analysis. By the way, there's Bloomberg articles that documented his following of one particular news event involving "Open Interest total" and how it could bankrupt the Bank of Japan toka emergency relief. The next day, CIS posted verification that he indeed took a trade position based upon that news event that he had verified in his research. Simply, it was not a rumor to him...it was a factual true event that impacted his trading resulting in him taking a trade and I will only assume that he timed his entry via what he saw in the bid/ask/T&S screens and what he saw on the charts (no technical trading). Yeah, you're right...he doesn't follow rumors.
It is true that both cis and bnf use price action and volume in their strategies for day trade or swing trade. CIS like to trash talk in twitter and u can take it serious. Some events happen and cis know it, but that does not mean he uses the news as a part of the strategy. You can believe anything u like anyway.