Anatomy of a Trade

Solfest has heard the complaints and Solfest is responding.

Solfest has also decided to refer to himself in the third person again.

Solfest has noted the herd is more frightened by Sandy's rants then they are by Solfest's rants.

Solfest has tried to placate thine herd with beautiful music, beautiful scenery, and beautiful women on horses.

Thy herd demands more.

More charts, less rants.

Solfest has no trades.

Solfest shall attempt to explain why.

Brace thyselves.

Solfest has also decided to use Middle Ages English.

Solfest may have run out of meds.

610 Tick Chart

Thy herd looketh at thine chart and sayeth, Solfest why thou trade not thine chart?

Thy herd sayeth Solfest you have a nice move down, beautiful move up, you have blue bars, what has happened to thou.

Solfest weeps at thine ignorance.

Thy chart does show 2 nice trends, trends that could be traded, but Solfest does not trade thine 610 tick chart as the intrabar movement would killeth Solfest.

Solfest reminds thine herd that thou art looking at one day.

Solfest is angry at the lack of spell check for old English.

Let us move on.

2 Minute Chart

Once again thine herd knashes thine teeth at Solfest's lack of trading skill.

Thine herd is prepared to abandon Solfest for a new and shinier trading Swamiguru.

Perhaps Ldubyaaguru?

Again Solfest weeps at thine ignorance.

Solfest implores thine herd to take a close look at the white squiggly line and note thy lack of tautness. Solfest also requests thine herd look at the bar overlap, overlap that causes stops and break evens.

Solfest is growing tired of typing and yells for a serf to attend immediately.

Nothing.

Let us move on.

89 Tick Chart

Solfest is now beginning to doubt Solfest's own trading system and has sent a carrier pigeon to thy Ldubyaaguru's immense castle requesting a séance.

Solfest does concede thine trading opportunities missed and Solfest knows they were missed due to the lack of acceptable range.

Solfest also reminds thine herd that the reason for trading conditions is to stop thine entering into positions that doth not work.

Solfest wishes to repeat, the reason for trading conditions is to stop thine entering into positions that doth not work.

Thine herd often thinks indicators are only to provide an indication of a position that will work.

Many positions will work, unfortunately those that start out looking like a position with a losing probability can ultimately work nicely. (the old English comes and goes)

Let us move on.

89 Tick Chart

Solfest provides thou evidence of historical success.

Very historical.

Solfest notes the taut lines that doth not be squiggly.

Solfest notes the large range in the bars.

Solfest notes the price bars coming out of the 3 non squiggly line convergence.

Solfest can change thy trading parameters to take all of yesterdays missed opportunities.

Solfest shall not do that.

Solfest may go mad, but he will be flat whilst this doth happen.

Let us move on.

89 Tick Chart

Just when Solfest believes all is lost a trade appears. It rises out of the mist like a beautiful woman on horseback.

Solfest earns 1 tick on thine trade with a BE + 1 stop and he roars with laughter at the futility of life.

Solfest demands a serf bring him coffee.

Nothing.

Solfest now realizes that in order to have a séance with Ldubyaaguru one of us would have to be dead.

Solfest also realizes the madness of thine future may already lie in thine present.

Econ 101

This was in 2006.

Listening to Schiff now you have to hear him say I told you so in every paragraph. Which gets a little annoying.

Fact is he did.

This speech is fascinating as he nailed what was going to happen exactly. Then the PhD dude, who spoke before Peter, comes on and they take questions together.

I'm sure the "doctor" is now in hiding.

All that plus the speech was made to "Mortgage Bankers".

Too funny.

I Live Here

and here



I'm proud of both.

Without this there is no money to make videos of pretty girls on horses.

You Can't Put a Price on Love

It was Valentines Day.

Is it just me, or did we not just celebrate this last year?

Anyway I had the perfect gift picked out for Mrs. Solfest, Elton John tickets, ya baby. Why Elton John is coming to Red Deer is beyond me, but hey we'll take it.

Tickets went on sale a few days before Valentines, at 10:00 am sharp. Since I just sit here all day I can do that, be ready, ready to pounce.

Pounce I did, and.....nothing, sold out in seconds.

Now what? Not flowers again, she said she wanted an iPad, so let's have a look.

$519!!!!, what the .....

Hmmmmm how bout a Kindle Fire, ya a Kindle Fire, I hear they're just as good and they only cost $199.

Ya baby.

Amazon makes 1 cent on every dollar of revenue.

Apple makes 24 cents on every dollar of revenue.

Amazon obviously hates their shareholders and loves their customers.

Since I own shares in neither let's go with Amazon.

I know I know she bore your children, she's married to you, you cheap bastard.

Hey trades are scarce and I think the Kindle Fire is just as good if not better than the iPad. And, I found a review to prove it. Ok I ignored a few other reviews as well.

Anyway she'll be happy I'm sure.

One click at Amazon and I'm outa here.

Hey wait a tick, where is it? It's not here?

"The Kindle Fire is not yet available in Canada".

Come on man!

Valentines is today, not flowers again.

Now I'm desperate, the desperate middle aged dude that retailers love. The desperate middle aged dude that can pretty much buy anything, plastic required or not.

Ok, iPad it is.

You can't put a price on love?

Sure you can, $519 bucks.

"Image is Everything"

A tennis player once said this in an ad, and regretted it afterwards. He was just reading script, but somehow it stuck to him and not the product. (a camera I think)

I think that quote may be right. If you think of the world we live in, the 24 hours news cycle, image is everything.

Or at least if you project the wrong image you stand to lose alot.

What on earth are you talking about Solfest? You are the guy who trades occasionally and rants constantly.


Is that my image?

The Ranting Trader?

I need an agency.

What got me thinking about this was an IPad on it's way to Alberta. The IPad starts it's journey in Chengdu, China, and right now it's in Shanghai where I suppose it's being loaded on a container ship.

The IPad as we all know is an Apple product. Everyone loves Apple.

There is another American company that imports stuff from China.

Wal-Mart.

Everyone hates Wal-Mart.

Why the difference?

Image is everything.

Apple builds products in China that nobody needs. We want them, most certainly, but nobody needs them. Not only do we not need them but I have found their actual performance rather wanting.

The Apple operating system is not user friendly and I find it very annoying to use. That said I don't use it much and I am used to Windows so maybe it's my problem and not theirs.

My daughter bought an IPhone a few months back and it's performance in 2 critical areas is also sub par. One being battery life, what's the point of a mobile device if it has to be continually plugged into the wall. The other is phone quality. Phone as in actually using the phone to talk to someone, yes people still do that.

I have a cheap cell phone and my daughter and I both use the same carrier, my phone never drops calls and you can understand what I'm saying on the phone. With the IPhone if the call doesn't drop completely I can't understand anything she is saying as the call quality is terrible.

It does have apps though.

In spite of all this Apple is the most successful company on earth right now. They make gobs of money and everyone loves them.

Banks used to make gobs of money and everyone hates them.

Wal-mart provides goods that we all need and use everyday. They provide them cheaper than most other retailers mainly because they buy in enormous quantities, have immaculate inventory control, and most of the products are produced in China.

Yet everyone hates Wal-Mart.

Why?

Image is everything.

Steve Jobs, as we have found out lately, was not a very nice man. What he was was a marketing genius. His company gouges us for things we don't need, things that are all built in China, and we all worship him for it.

Steve Jobs made Apple cool, and he either knew, or found out that people are willing to pay up for cool.

Image is everything.

Steve Jobs knew that and that was his real genius.

So Solfest if you're so smart why on earth are you buying a IPad?

Good question.

Since this post is too long I'll answer it tomorrow.