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The Really Useless Thread

  • #4,101
  • Aug 26, 2011 2:21pm Aug 26, 2011 2:21pm
Quoting Mr Hatch
pretty good. I've been doing well the last days, and today everything was fine 'til 29. I was looking at 4225.2 and saw momentum fading once we crossed the mofu. closed and never got back in, because I didn't think the reaction would be that strong. watched the candle grow and grow and asked myself, wtf just happened and even more important, why?
Those are a BASTARD!

One of the biggest losses I ever took was on a Friday...very similar looking footprint to today....think it was an NFP. Waited WAY to long to get in the short. Thought I would compensate by going in LARGE! Up about 10 pips and the bastard took off the other way and didn't look back! Convinced my self for about 60 pips it was coming back any second. Think I closed out at -70 with tears in my eyes! Can't remember exactly how much I lost...but it was significant!

Dirty bastards! Good way to learn, though...all part of the edumacation.
  • #4,102
  • Aug 26, 2011 2:28pm Aug 26, 2011 2:28pm
Quoting Venice
We need to pull together resources to come up with some type of EA for these here markets. Maybe a 1 minute pacer...

In and outs, 10 pip targets and what not... hehe.
I have a couple I've been arsing around with for a few years. One runs on EurCad. Has been doing well. Just trying to torture test it...been running for months in its latest version. Had I turned it off in August, would be doing great, but...took two heavy hits recently. Still up, but hurt the stats and pretty equity curve.

I play it on another account and babysit it. Will turn it off and on manually. Will close orders early if I don't like the look of things. Will also add a second manual order to try and clean up a bit of DD if I still like the look of things.

Kinda fun...tweak, tweak, tweak.
  • #4,103
  • Aug 26, 2011 2:28pm Aug 26, 2011 2:28pm
Quoting Chicky
Last chance, either:
1. take a postionn now and wait for few days to know how smart or fool you were
2. take a position later when spread is 10, 25 or 40 pips
3. take position after move is 30% done but at normal spread

I am long until trend reversal. Bit early to take this position, but risk is the name of the game. ..............Full position with wide stoploss.
fade the high end the day with a winner call it a day
  • #4,104
  • Aug 26, 2011 2:29pm Aug 26, 2011 2:29pm
Quoting kenfen69
Those are a BASTARD!

One of the biggest losses I ever took was on a Friday...very similar looking footprint to today....think it was an NFP. Waited WAY to long to get in the short. Thought I would compensate by going in LARGE! Up about 10 pips and the bastard took off the other way and didn't look back! Convinced my self for about 60 pips it was coming back any second. Think I closed out at -70 with tears in my eyes! Can't remember exactly how much I lost...but it was significant!

Dirty bastards! Good way to learn, though...all part...
I think, I remember that one.

Oanda used to shut down/disconnect frequently during high-profit events like today, so I got used to not trade them anymore by hopping in. today, I was positioned to the short-side, before it happened and took profit already, so no harm done... the decision, not to directly trade news any more could prove wiser than I initially thought.

the advantage of such a fib-grid developed from scratch is that you can find the spots, where it bounces (4339 was the level the red hourly had to close below), so you see, where definitely not to enter... well, lots of work to be done, and probably months, if not years of practice ahead.
  • #4,105
  • Aug 26, 2011 2:33pm Aug 26, 2011 2:33pm
Quoting kenfen69
I have a couple I've been arsing around with for a few years. One runs on EurCad. Has been doing well. Just trying to torture test it...been running for months in its latest version. Had I turned it off in August, would be doing great, but...took two heavy hits recently. Still up, but hurt the stats and pretty equity curve.

I play it on another account and babysit it. Will turn it off and on manually. Will close orders early if I don't like the look of things. Will also add a second manual order to try and clean up a bit of DD if I still...
In one of them conversations that OQ and myself got into, but never finished...(I think I might still owe him a reply), we could probably do one with a market measure off of the DTEMA, and even run it as a safety hedge on a counter off the reactionary...

Safety on sides, adds at measured rates and profits on the kiss...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #4,106
  • Aug 26, 2011 2:33pm Aug 26, 2011 2:33pm
Quoting kenfen69
Those are a BASTARD!

One of the biggest losses I ever took was on a Friday...very similar looking footprint to today....think it was an NFP. Waited WAY to long to get in the short. Thought I would compensate by going in LARGE! Up about 10 pips and the bastard took off the other way and didn't look back! Convinced my self for about 60 pips it was coming back any second. Think I closed out at -70 with tears in my eyes! Can't remember exactly how much I lost...but it was significant!

Dirty bastards! Good way to learn, though...all part of the edumacation....
Today I first made a lot of money on this down move, about 5% of my account. Lost all of this plus more than 1% from my own pocket in the next one hour. Why? not because of the market but ignoring the fact that one has to quickly switch to his/her regular timeframe when such moves happen. Pa did not do anything unexpected on my daily chart, it was just the speed with which it did and that speed deceived me. This is not first time nor last.
The Thief of Wall Street
  • #4,107
  • Aug 26, 2011 2:34pm Aug 26, 2011 2:34pm
hey guys

well as expected the bernanke speech didnt really tell us a whole lot other than we gotta wait till the next fomc meeting to determine any further possible policy changes

didnt stop the EU from breaking towards its highs though on worse than expected GDP numbers and a hard dip to buy more EU at a better level.... stupid stop hunters...

I closed my EU shorts on the Dip under 4350 and picked up a shitload of EU down in the hole between 4338 and 4400 on the obvious inefficiency... bought more UCHF as I talked about before.. Now holding long the swissy from a few mpositions under 79 and a few just under .8000.... still need lots of things to happen for the swissy to make its move back to parity though like I said before..

Also took some more UJ shorts at the 77... TP'd st the 76.50...

also sold a bunch of CHFJPY at the 97 break...

all in all a kick ass friday... I havent even added up all the positions total profits from these pairs but i think its a shitload...
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  • #4,108
  • Aug 26, 2011 2:37pm Aug 26, 2011 2:37pm
Quoting Chicky
Today I first made a lot of money on this down move, about 5% of my account. Lost all of this plus more than 1% from my own pocket in the next one hour. Why? not because of the market but ignoring the fact that one has to quickly switch to his/her regular timeframe when such moves happen. Pa did not do anything unexpected on my daily chart, it was just the speed with which it did and that speed deceived me. This is not first time nor last.
Didn't take even partial profits at this circle. What do you think I was supposed to do at this level? I didn't because I was not looking at this bigger timeframe Chart.
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The Thief of Wall Street
  • #4,109
  • Aug 26, 2011 2:37pm Aug 26, 2011 2:37pm
Quoting kenfen69
A question for you. Are you familiar with any establishments near the CME that those looking for cheer, and others looking to drown sorrows, will frequent on a Friday? And if so...what time proceedings would normally kick off?
There's some places in the CME itself.

Maybe try Coogan's, less than 3 blocks north on Wacker (river on your left). Old time style saloon. Noisy, cheap, young.

Have a great weekend.
  • #4,110
  • Aug 26, 2011 2:39pm Aug 26, 2011 2:39pm
Quoting kenfen69
I have a couple I've been arsing around with for a few years. One runs on EurCad. Has been doing well. Just trying to torture test it...been running for months in its latest version. Had I turned it off in August, would be doing great, but...took two heavy hits recently. Still up, but hurt the stats and pretty equity curve.

I play it on another account and babysit it. Will turn it off and on manually. Will close orders early if I don't like the look of things. Will also add a second manual order to try and clean up a bit of DD if I still...
Yep, enjoy it immensely. I've been trying to put together something with fractals... but man, works wonderful in rangey and consolidation areas... gets blown away when not... lol
  • #4,111
  • Aug 26, 2011 2:48pm Aug 26, 2011 2:48pm
Quoting OldQuant
There's some places in the CME itself.

Maybe try Coogan's, less than 3 blocks north on Wacker (river on your left). Old time style saloon. Noisy, cheap, young.

Have a great weekend.
That sounds perfect, Q! I'll give it a whirl! Appreciate it.

All the best, mate!
  • #4,112
  • Aug 26, 2011 2:50pm Aug 26, 2011 2:50pm
Quoting Chicky
Didn't take even partial profits at this circle. What do you think I was supposed to do at this level? I didn't because I was not looking at this bigger timeframe Chart.
In all seriousness, I don't even believe levels have much meaning on a day like this. Levels are honored when the market is watching, has its rhythm. These moves were triggered by scared, off rhythm traders and pushed by the programs.

I really brought the wrong tool to the jobsite today. But I was betting that after the usual little wrong-side lead-up, the EUR would rally along with the US equities, and just grind it out upside for the rest of the day. But that drop was too fast for the algorithm's programming to avoid it or even break it even.

And then, as soon as it got right side up for me, I flattened it manually too early, because it just looked too parabolic to turn out real. Besides, by then, I'd had it.
  • #4,113
  • Aug 26, 2011 2:56pm Aug 26, 2011 2:56pm
Quoting Chicky
Didn't take even partial profits at this circle. What do you think I was supposed to do at this level? I didn't because I was not looking at this bigger timeframe Chart.
Sorry...had to go down to the bar for this round. The same young fella has brought me room service twice...2 x 2 drinks. The second time he was kind of looking over my shoulder...as if to say...you alone in there...drinking on your own? You want your tip, kid...don't judge!

I feel your pain, Chicky! We're supposed to know better! It can just play out so bloody fast sometimes, though. Hard to explain what happens. I know you've been eying 1.37ish. I've had my eyes fixed a little lower, too. Thought today was finally going to see some sort of break, but...

This never seems to get any easier, really. Seems whenever you feel like THE SETUP you've been waiting for arrives...you get humbled quick...bastards! -1% ain't that bad, though mate. I know its tough looking back at the fact that you were up 5% at one point, but just forget about that. You took your shot, and lost 1%. Easily recoverable.

Cheers brother.
  • #4,114
  • Aug 26, 2011 3:00pm Aug 26, 2011 3:00pm
Quoting OldQuant
In all seriousness, I don't even believe levels have much meaning on a day like this. Levels are honored when the market is watching, has its rhythm. These moves were triggered by scared, off rhythm traders and pushed by the programs.

I really brought the wrong tool to the jobsite today. But I was betting that after the usual little wrong-side lead-up, the EUR would rally along with the US equities, and just grind it out upside for the rest of the day. But that drop was too fast for the algorithm's programming to avoid it or even break...
Admitedly, I found myself on the wrong side of a few extra trades this week, but I am not so sure it was because of the levels, but rather my mind wanting to interperate the data and see what it wanted to see...

It was a weak ranged week, but ultimately speaking, there isn't too many weeks where Friday goes against the grain of the week.

Yesterdays low was pretty much the same as todays, and the fact that we bounced back into the good graces of the bullside weekly roll should have been plenty of indication that we could and would do the same again.

One of the issues with reading along with the others who post their thoughts here, is that it can have an impact on my personal perception of the market. Reviewing the past couple days, all of my triggers were proper and ducks were in line and would have paid a lot better then assumption...but that sures to fuck ain't what happened this week, no sir, not at all...

I went into the week as a bull, but because of the Greece thang, and the Jackson Hole thing ended up shifting my bias to the Bears...Even last night taking shorts down from Chino close below it's previous roll, I was wondering what and why I had shifted so far from my original outlook...Well, let's just say, it happens...

I don't mind taking a loss, or several of them, the week always balances out to my favorite shade of red, being green, just the size of the dreams aren't as high when the profit isn't as great.

Fuck EM...

There is always next week!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #4,115
  • Aug 26, 2011 3:01pm Aug 26, 2011 3:01pm
Quoting kenfen69
This never seems to get any easier, really. Seems whenever you feel like THE SETUP you've been waiting for arrives...you get humbled quick...bastards! -1% ain't that bad, tough mate. I know its tough looking back at the fact that you were up 5% at one point, but just forget about that. You took your shot, and lost 1%. Easily recoverable.
I'm sure he doesn't give a sh@t about the money. What's tough about a day like this, win or lose, at least for me, is (a) the feeling that you didn't play it right, and (b) you should have known better.

But the other thing about a day like this is, if they're being honest with themselves, everybody, from the pits to penthouses, can point to the place where they didn't play it right.
  • #4,116
  • Aug 26, 2011 3:03pm Aug 26, 2011 3:03pm
Wow, this thing is seriously trying to close on the highs?
  • #4,117
  • Aug 26, 2011 3:05pm Aug 26, 2011 3:05pm
Quoting Venice
Wow, this thing is seriously going to close on the highs?
thats why im holding it through the weekend.... targeting 4900 ultimately.... yes i think the USD sucks that bad....
  • #4,118
  • Aug 26, 2011 3:06pm Aug 26, 2011 3:06pm
Quoting OldQuant
I'm sure he doesn't give a sh@t about the money. What's tough about a day like this, win or lose, at least for me, is (a) the feeling that you didn't play it right, and (b) you should have known better.

But the other thing about a day like this is, if they're being honest with themselves, everybody, from the pits to penthouses, can point to the place where they didn't play it right.
Yep. I was completely backwards. My original target of 4470 I aborted due to the down fall. Started to look for short targets, then sent us right back up again.

Dunno... just beyond ridiculous at times.
  • #4,119
  • Aug 26, 2011 3:06pm Aug 26, 2011 3:06pm
Quoting Magix
One of the issues with reading along with the others who post their thoughts here, is that it can have an impact on my personal perception of the market. Reviewing the past couple days, all of my triggers were proper and ducks were in line and would have paid a lot better then assumption...but that sures to fuck ain't what happened this week, no sir, not at all...
Are you implying the thread put you off, or at least made you doubt, your plan?
  • #4,120
  • Aug 26, 2011 3:07pm Aug 26, 2011 3:07pm
Quoting Mr Hatch
...well, lots of work to be done, and probably months, if not years of practice ahead.
Probably never done, mate...but what you're doing will pay off in a big way!

Glad you booked your shorts and got out clean! I played the same three levels for over 8 hours...the highest being 1.4446 and a SL at 4458. I got paid heavily on the first three approaches of that level and the subsequent drops.

I lost my feed for a few mins down around the bottom...and that kind of rattled me. Was trading blind-ish. Had my iphone and the Dukas app for my charts, but was also getting my other br0ker's number ready to call. Feed kicked back in and I closed up the lot.

On approach back to my same three levels with the angry bull, I canceled the lower two level's orders, but did place one manually when it looked like it was pausing...and let my 4446 order fill as it was hit. That one closed a partial at +10...remaining stopped out minutes later at 4458. Flat...well positive...room service!
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