thread: Forming a Private think tank

Harro Harro

I am taking a look at forming a small group of individuals to partake in a market think tank where we assist and push one another to know the current market(s), sentiment and macro environment. The objective is to lighten the work load and then expand into as many markets as you can.

The problem I have is keeping tabs on the fundamentals/ sentiment for everything 24/7. I am thinking what would be good is to discover a group of individuals to specialize in one particular place. Perhaps a few people for each one. And all they would do is keep a website on their particular currency/ commodity/ stock market etc..

So maybe I am in charge of the AUD, therefore all I would have to do is keep tabs on the AUD and anytime anything important occurs that's specifically related to this Aussie, I would just post a chart to explain the move.

So with 10 or so individuals doing exactly the same thing due to their relevant currencies, we receive a running summary of a very large area of the market. This would be a very valuable item if it could work. And wouldn't take a lot of time for each individual to track the events and movements of 1 currency or whatever. What do you think about this?

Currently I just watch basically what I can which is generally the AUD, EUR, GBP, and I miss as much activity in others as I am not able to remain on top of them. So I will find a really good looking setup from the NZD/GBP but because I am in the dark about the current happenings on the NZD.

Any interest, don't hesitate to PM me.

EDIT: I have also added a poll where people can easily register their interest.

Regards

as the chairperson of this european slash newzealand currency coalition view group, I am submitting a motion to find a show of hands from those that would love to get a robot that could sit for cindy when she is not available?

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mmmmm

Aside from buying E100 on a demo account, I like theres a near TP and only a Margin level for your stoploss.

This is still my favourite post

Okay... It seems somebody left the gate near the muppet ward... I am not posting anymore in this thread, but the offer still stands. People today fear what they don't understand I wasn't here to instruct you, I had been clear on my first article what this is about. G/L

you may be starting up a muppet ward!

Hey EE,

the men in there are way from Muppets

Yes a week running and the men in the group are all really good, each has their own years of experience to include and sees things from a different angle, I've found it interesting to hear how they talk about the market.

The problem as I found was that this exercise was basically my attempt to shake myself with the goal of producing a more efficient work rate.

Hindsight 20/20 however, it turned out to be a short sighted premise, as what became apparent early on was that the things I find helpful to trade and the manner in which I evaluate and see info is totally different to others from the category. What I find helpful and valuable is not so much for your man trading the daily charts or the man who merely watches a few pairs or the man who etc. etc..

So... Although this idea still does interest mepersonally, I think that it needs more idea on how it would actually work. Is to take some new men and teach them my way of investing, so in effect I do clone myself. But of course that they operate and will just take my sh*t! Fkers

So probably the remedy is to get a team in real life where you are able to work with more easily in the very same timezones, forums really are overly staggered in impact and so the cause is generally lost.

I'm still leaving the gates open but at this stage I am expecting 1 the folks in there to eliminate attention that's perfectly clear, as worth is exactly what we all inevitably seek.

So it has been interesting, personally I've lost interest marginally as I'm not quite sure what to do in there anymore if we are not kind of functioning as a team then I don't actually understand the point. But who knows, maybe things will sort themselves out, probably though they won't. I'm in neutral now.

Not giving up on the men in there or the idea just taking a step back at this time, perhaps the solution will present itself in due course.

I would love to join... but alas my just two brain cells Larry and Joe... are not up to par. They prefer shopping and goodness knows what. Honestly the number of times they have let me down... like pretending they know something... and ... yep... nothing.

If I spent two hours assessing the British Pound - studying all of the macro/fundamental forces in play, cross currents and intermarket compels, forthcoming news events, important S/R levels etc. then maybe I would think of a plan to trade it in the forthcoming days. But if you spent two hours doing the exact same study, studying the very same things in precisely the exact same way and present to me the specific same conclusion I would have reached myself, I don't think I would waste my time studying it. Unless I've completed the work myself it doesn't mean much to me personally, I wouldn't trust somebody else's analysis sufficient to risk my money and I wouldn't learn anything.

I think that successful traders necessarily are, by nature, fiercely independent thinkers and contrarians. In the course of your trading career if you can link to share ideas using in a relationship you are very blessed. It's crucial to try, while groups in this way may have a very low prospect of success. You can not sit at the table.