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  • #44,721
  • Nov 11, 2008 5:47pm Nov 11, 2008 5:47pm
Pimp
  • #44,722
  • Nov 11, 2008 5:53pm Nov 11, 2008 5:53pm
Quoting altrader
I went long at 2615 thinking it would bounce... Boy was I wrong.

I'm going to have to re-think my counter trend trading strategy and maybe just cut that option out. This is BS losing 100pips just because of one bad trade.
I got rid of my counter trend strategy a couple months ago. Funny, becuz I really enjoyed going both ways, tweaking the bears nose, maximizing gains and had a great strategy to do so.

Two things... first was that it quit working, as the fine line between the turns required more focus and mental resources than they were worth. Things that should have bounced didn't. Things that should have turned didn't. The Law of Diminishing Pip Returns eventually soaked into my thick head (along with diminishing mental resources...)

Second thing was simply confirmation of the first thing.

So now my counter trend strategy tfn is simple... I don't. It has worked extremely well by any standard, and the proof is that while I did make 1 pip on each of the only 2 EU (brain fart) longs I've opened out of the last 75 trades on the 3 pairs I watch, I have not lost a SINGLE pip to loser longs on EU, EJ, or GY. Not one pip in 2 trades... that's undeniably hot!!
FUBAR...
  • #44,723
  • Nov 11, 2008 5:54pm Nov 11, 2008 5:54pm
Bet you I'm right on this one........
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  • #44,724
  • Nov 11, 2008 5:56pm Nov 11, 2008 5:56pm
Quoting ak4x
I got rid of my counter trend strategy a couple months ago. Funny, becuz I really enjoyed going both ways, tweaking the bears nose, maximizing gains and had a great strategy to do so.

Two things... first was that it quit working, as the fine line between the turns required more focus and mental resources than they were worth. Things that should have bounced didn't. Things that should have turned didn't. The Law of Diminishing Pip Returns eventually soaked into my thick head (along with diminishing mental resources...)

Second thing was simply confirmation of the first thing.

So now my counter trend strategy tfn is simple... I don't. It has worked extremely well by any standard, and...
you're right. it's good lesson. the odds are against u counter trending, better just fold when u have a pair of 2's.
  • #44,725
  • Nov 11, 2008 5:58pm Nov 11, 2008 5:58pm
Quoting ak4x
"Just because you're paranoid doesn't mean they aren't after you."
Joseph Heller

Let me see...
On the left... Depreciating $USD

On the right... Accessible Oil & Natural gas reserves, Precious and industrial Minerals, Gold and Diamonds, Fish,Timber, Strategic control of the air at the top of the world.. Strategic control of the only recently navigable surface waters at the top of the world... an so on ad nauseum...

...

This was then...
[i]"In his last public appearance in 1935, he (General...
Scary stuff. I hope we can look to the future with greater intentions.
  • #44,726
  • Nov 11, 2008 5:59pm Nov 11, 2008 5:59pm
Quoting schandi
I live Canada and i still can't believe land above us is owned by the US.
We're not above you, we're next to you, between you and Siberia. Nobody is above you except that Russia planted a flag on the seabed and claimed the North Pole last Year.

No worries... We got your back...
FUBAR...
  • #44,727
  • Nov 11, 2008 6:01pm Nov 11, 2008 6:01pm
Quoting ak4x

No worries... We got your back...
Gulp!
  • #44,728
  • Nov 11, 2008 6:02pm Nov 11, 2008 6:02pm
Good Evening -- I just got back from a quick trip to Washington DC. I had to go there to pay my respects at the Wall to my fallen buddies in a war from long ago. God, it sometimes feels like it was just yesterday that I roamed the jungles of VietNam with those guys. It was good to see a whole bunch of other folks there paying their respects and remembering what those guys did for our country. For or against, doesn't matter anymore - their blood was spilled - they served and they died, and we can never forget them and what they did.

Anyway, I see that in my absence, you all continue to trash the poor EURO. What's up with that? What did it ever do to you? So what gives? How about you who are prognasticators - what's in store for this poor currency? More down? Whatcha all think?

Good trading and take a minute, if you haven't already, and say a prayer for our fallen bretheren...
  • #44,729
  • Nov 11, 2008 6:03pm Nov 11, 2008 6:03pm
Quoting ak4x
I got rid of my counter trend strategy a couple months ago. Funny, becuz I really enjoyed going both ways, tweaking the bears nose, maximizing gains and had a great strategy to do so.

Two things... first was that it quit working, as the fine line between the turns required more focus and mental resources than they were worth. Things that should have bounced didn't. Things that should have turned didn't. The Law of Diminishing Pip Returns eventually soaked into my thick head (along with diminishing mental resources...)

Second thing was simply confirmation of the first thing.

So now my counter trend strategy tfn is simple... I don't. It has worked extremely well by any standard, and...
on second thought, nobody TRYS to trade against the trend. if you trade for a few minutes a time it's different than someone that trades on weeks, or days or hours. the trend can be up and down all day, or up all year or up and down all month, depends how u l ook at it.. i hope nobody tries to trade against the trend
  • #44,730
  • Nov 11, 2008 6:05pm Nov 11, 2008 6:05pm
Quoting Turhovach
Good Evening -- I just got back from a quick trip to Washington DC. I had to go there to pay my respects at the Wall to my fallen buddies in a war from long ago. God, it sometimes feels like it was just yesterday that I roamed the jungles of VietNam with those guys. It was good to see a whole bunch of other folks there paying their respects and remembering what those guys did for our country. For or against, doesn't matter anymore - their blood was spilled - they served and they died, and we can never forget them and what they did.

Anyway, I see that in my absence, you all continue to trash the poor EURO. What's up with that? What did it ever do to you? So what gives? How about you who are...
thank you
those who can, do. those who cant, talk about those who can
  • #44,731
  • Nov 11, 2008 6:07pm Nov 11, 2008 6:07pm
Quoting schandi
I live Canada and i still can't believe land above us is owned by the US.
can you see russia from your front porch? *L*
those who can, do. those who cant, talk about those who can
  • #44,732
  • Nov 11, 2008 6:10pm Nov 11, 2008 6:10pm
Quoting ak4x
I got rid of my counter trend strategy a couple months ago. Funny, becuz I really enjoyed going both ways, tweaking the bears nose, maximizing gains and had a great strategy to do so.

Two things... first was that it quit working, as the fine line between the turns required more focus and mental resources than they were worth. Things that should have bounced didn't. Things that should have turned didn't. The Law of Diminishing Pip Returns eventually soaked into my thick head (along with diminishing mental resources...)

Second thing was simply confirmation of the first thing.

So now my counter trend strategy tfn is simple... I don't. It has worked extremely well by any standard, and the proof...
Yeah I think I need to terminate counter trending alltogether. Good post ak4x

heh, what a joke..this thing (EUR/USD) is moving up now though
  • #44,733
  • Nov 11, 2008 6:10pm Nov 11, 2008 6:10pm
hahahaha .... riots

i am starting to love this post
  • #44,734
  • Nov 11, 2008 6:12pm Nov 11, 2008 6:12pm
not sure but maybe the trend will be up until 2590 and then it will be down to 2300
  • #44,735
  • Nov 11, 2008 6:12pm Nov 11, 2008 6:12pm
hah closed longs plus 2 pip...strange move, but I'll wait on the sidelines after that brush with disaster.
  • #44,736
  • Nov 11, 2008 6:16pm Nov 11, 2008 6:16pm
Quoting gatorinla
can you see russia from your front porch? *L*

nice one
  • #44,737
  • Nov 11, 2008 6:17pm Nov 11, 2008 6:17pm
Quoting Clouds
not sure but maybe the trend will be up until 2590 and then it will be down to 2300

im thinking 2565
  • #44,738
  • Nov 11, 2008 6:25pm Nov 11, 2008 6:25pm
Quoting gatorinla
billy mitchell was court marshalled and pedicted japan would attack U.S. over oil during his court marshall around 1936 or so..not sure of date but years before pearl harbor.
Congratualtions! Not many people know that..

... the moment Billy Mitchell had feared and warned his country to prepare for, happened in the most tragic of manners. On the morning of December 7, 1941... The most powerful fleet in the world was crushed... The attack commenced at 7:55 a.m. on a Sunday morning. Billy Mitchell's warning to America in 1924 had been off--by 25 minutes.

Within 10 hours Japanese aircraft made a nearly simultaneous strike on Clark Field in the Philippine Islands, virtually destroying America's air force in the South Pacific. It was 12:30 p.m. local time...Mitchell had missed that one by less than two hours."

"In 1955 the Air Force Association passed a resolution calling for Billy Mitchell's conviction to be overturned. Two years later his youngest son, William Mitchell, Jr. petitioned the Air Force to set aside his father's conviction. Reluctantly Secretary of the Air Force James H. Douglas, after writing "It is tragic than an officer who contributed so much to his country's welfare should have terminated his military career under such circumstances. Today, however, I am confident that his services to his country and his unique foresight as to the place of air power in the defense of our country are fully recognized by his countrymen.

"The application is denied."
http://www.homeofheroes.com/wings/part1/6_survival.html

Oh well... With this post, I'd like to say to the memories of those who aren't with us today, your fates both known and unknown, to the KIA's, MIA's and POW's, your chair at the table remains empty and your glass inverted, the cake is cut, and we'll never forget.
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FUBAR...
  • #44,739
  • Nov 11, 2008 6:26pm Nov 11, 2008 6:26pm
Ha Ha !!! See that? See my power? I come back and BOOM! Nice little run up. And I did it all by my lonesome. LOL - Heheh
  • #44,740
  • Nov 11, 2008 6:28pm Nov 11, 2008 6:28pm
1.2580ish then big pop toward 1,2750ish maybe.. the longer it doesnt move the better the chances for this to happen. 1.2750 seems extreme to me..but as for me still long term bearish 1.2425 next tp when this short uptrend turns around. who knows these last few months move are so big!
those who can, do. those who cant, talk about those who can
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