Forex Volatility | WallStreetRockStar.com

I don’t post too often anymore, but while having coffee with a colleage Phillip Svoboda this evening, he said something just too funny - to not pass along…

The simple way to solve Europe’s current woes, would be to simply add Greece and Spain as the 51st and 52nd States to the US… :)  

We print so much money anyway, what’s a little more… 

:)

Restarting The Russian Photographer
Please help Russian Photographer Kirill Melentiev
Click HERE to HELP make a DREAM REAL!

From Kirill:

My name is Kirill Melentiev and I am an at-home trader based in Moscow, Russia. Before trading took away all my free time several years ago and even before I graduated from university, I was very much interested in capturing real life with a photo camera.

My school of photography was the website of Magnum Photos agency with their extensive galleries of some very good professional reporters. I have adopted their style to a certain extent and was popular in my university for making some good non-staged, “real life” portraits and just shots. At a certain point, however, I discovered that I was making nothing specifically new in photography and decided to take a break. 

I have recently uploaded some of my better shorts back into my flickr gallery

It took me several years to come up with a project, and some recent developments in politics here proved to me that it will not be just a waste of time…

… Recent Parliament elections and following demonstrations in Moscow made quite a splash in western media, which is always hyped for sensations and still fresh hot from the latest Arab Spring. As a trader, I could not leave it unnoticed, especially that it directly affected my positions on the market.

What I really did not like is how Russian people were portrayed in the western media (again). What is worse, the media-machine propaganda works, as i can judge from discussions on the internet (I am an active anonymous image board participant). It will take me forever to describe things I do not agree with when it comes to perception of Russians on the outside…

The aim of this project is to display true, unbiased and not media driven picture of Russians and their everyday lives to the world.

Because the true idea of Russia cannot exist in western mind without being directly perceived, and since not everybody can travel here and spend some time, make friends and feel the real deal – I would like to provide this perception by means of photography.

I believe photography is the best way to do it, because it shows things as they are. I do not do post production and even avoid using flash, so what you see on my photos is what it is in real life.

Read MORE HERE!

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Download links:

fxStreet.com Trader’s Package:

http://www.fxvolatility.com/eBook/Volatility%20Illuminated%20by%20Mark%20Whistler%20-%20eBook.zip

Macro to Micro Volatility Trading:

http://www.wallstreetrockstar.com/files/macro-to-micro-volatility-trading-by-mark-whistler.zip

2034 The Corporation | A Modern Orwellian Novel:

Note: 2034 FREE eBook link has been temporarily removed, however, can still access the book through the Amazon.com Kindle Owner’s Lending Library.  Please click here.

Traders, 

Tomorrow  (Thursday) at 1:30pm CT, DTI will interview special guest Mark Whistler. Mark is the author of eight books, a full-time trader, researcher and founder of the sites Wallstreetrockstar.com and fxVolatility.com.  

Nearly one year ago, Mark Whistler “went dark” to do nothing but trade…stopping all public appearances and Webinars. 

For the first time since he spoke at the fxStreet.com ITC Conference in October of 2010, Whistler has agreed to come forward for a very special interview to discuss indicator failure, volatility reflexivity, and institutional order-flow concepts for intraday traders.

In addition, Whistler will - for the first time ever - discuss some amazing statistics about information flow within mainstream media and social networks…such as Facebook.  

Please join Mark on Thursday 7/28 at 1:30p CT.  - Registration is free.

http://www.dtitrader.com/Registration.aspx?499_ItemID=72424

Whistler will also provide detailed information about the failure of commonly used indicators such as stochastics and relative strength. 

If you currently use stochastics in your trading…you’re not going to want to miss this interview…Whistler will explain why the indicator is wrong 50% of the time.

Sign up now to join us Thursday, July 28 at 1:30p CT.  Space is limited so register now!  Again, registration is free.

http://www.dtitrader.com/Registration.aspx?499_ItemID=72424

Trade to Win!

The DTI Team

800 745-7444

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I recently came across the YouTube Video of Al Pacino’s inspirational speech from Any Given Sunday…  I’m sure many have already seen the movie, but thought it important enough to relay… 

See, much like life, trading is a game of inches… It’s all the inches that stack up to create success.  So many newer traders I know never quite get the point… They trade way to much size, trade way to often (putting on a trade, just to be in a trade, because they can’t sit on their hands - patiently - waiting for the right opportunity), and then take big losses, because they couldn’t admit the trade was wrong, they were wrong, or that they should have never been in the trade in the first place.  

But trading is a game of inches.  Patiently waiting for the right opportunity, and booking the inches…one after another.  As gains stack up, traders will find more “wiggle room” in their accounts, and more confidence to hold for larger winners…

When showing the attached video to a young trader in Moscow, Russia earlier this evening, he commented, “But aren’t ‘inches’ sort of a contradiction to your theory of ‘little loss, little loss, little loss, huge win?’”  Kirill’s question was certainly valid.

My reply, however, was this… “No, because small losses are the inches we need to book large wins, while also seeing a positive balance, when the wins roll in…”

There will be losses in both my - and your - trading…  Losses are the only thing I can absolutely guarantee every trader will eventually see - for sure.  

However, it’s how we handle the losses that separate winning from losing.  Small losses are the inches we need to achieve victory over the long haul…  Large losses are not positive inches; they are massive setbacks that not only crush spirits, but accounts as well.

For a few traders I talk to worldwide, they know I’ve thrown some massive Hail Mary’s this year in a few “if / then” option positions.  While I have no doubt my options will succeed before their expirations in December 2011 and December 2012, I also remind myself daily that it is the inches that help win the game.  Thus, while we can throw a few Hail Mary’s (as in the case of my option trades), while the Hail Mary’s are in the air, we must fight for inches on a daily basis. 

Should the Hail Mary’s land… Great.  If not, it’s the inches that win the game in the meantime.

Don’t forget, it’s about inches.  Inches are the difference between winning and losing.

On a separate note, for the Russian traders out there, Volatility Illuminated will soon be available in Russian, with special new Foreword, new extra chapter and the new indicator “Super Volatility” by Kirill Melentiev included.  I will update traders as soon as the Russian version of the book is available.

Lastly, Volatility Illuminated Two should be available soon… Both Steven and myself have put hundreds, if not thousands of hours of research into the new book… Stay tuned for updates as to the book’s progress.

Mark Whistler is the author of eight books.  Long awaited Volatility Illuminated Two (with co-author Steven Tsai) is expected on shelves in the summer of 2011.

More about Volatility Illuminated and Macro to Micro Volatility Trading

http://www.fxstreet.com/education/forex-books/book.aspx?id=d1086089-a703-42e9-823c-677008d577a1

The Dow Jones Industrial Average (and broader market) is attempting to stage a breakout today… Several points are of interest at current levels… Regardless of fundamentals, momentum begets momentum… And while a near-term top may be close… For now - while the Dow Jones Industrial Average is trading above the 1st Standard Deviation Containment Zone (on the daily chart), it might not be a good idea to fight the trend…

In addition, the 4-hour chart is also showing ripe conditions for a volatility breakout, as seen through short-term volatility currently expanding, the DJIA trading above the Containment Zone…and WAVE PM indicating the distribution has plenty of energy to pull…

Chasing the DJIA “just to get in” - at current levels - is probably not a good idea… Rather, as short-term volatility collapses below long-term on the 15-minute, and then hourly, traders will be tipped to a pullback en-route… Generally, in situations where a volatility breakout ensues above the Containment Zone on the daily, traders most often have a chance to buy a pullback to the Containment Zone, as benchmark trades step off the ask, waiting for a dip to reload order flow…

A move back into the Containment Zone on the daily will likely have the DJIA into mean reversion, lateral action… With a move lower potentially in-store… However, while the DJIA is trading above the 1st Standard Deviation on the daily - the trend is up, and could yield upward of 400 to 500 points…  

Mark Whistler is the author of eight books.  Long awaited Volatility Illuminated Two (with co-author Steven Tsai) is expected on shelves before early summer 2011.

More about Volatility Illuminated and Macro to Micro Volatility Trading

http://www.fxstreet.com/education/forex-books/book.aspx?id=d1086089-a703-42e9-823c-677008d577a1

Aussie bulls might be in for a little upside help, with the pair now trading solidly above the daily 1st Standard Deviation (Containment Zone.)  Moreover, with WAVE-PM showing expansion, while short-term volatility appears as the subset is attempting to move higher, carry trade bulls are likely eying the 1.05550 area on the upside.  A pullback to the daily Containment Zone will test whether buyers are for real, but as of now, momentum looks to be on the upside.

(Click below gray box to show chart, if not already visible.)

Mark Whistler is the author of eight books.  Long awaited Volatility Illuminated Two (with co-author Steven Tsai) is expected on shelves before early summer 2011.

More about Volatility Illuminated and Macro to Micro Volatility Trading

http://www.fxstreet.com/education/forex-books/book.aspx?id=d1086089-a703-42e9-823c-677008d577a1