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The Really Useless Thread

  • #4,141
  • Aug 26, 2011 3:45pm Aug 26, 2011 3:45pm
Out of here folks. Haven't decided what I'm doing this weekend. I would certainly get more "stuff" done if I go home...but where's the fun in that?

Hope you all woop it up! See you around at some point, or for the opening bells.



Cheers
  • #4,142
  • Aug 26, 2011 4:21pm Aug 26, 2011 4:21pm
Quoting darimik
how old was the guy ?

well I am back.. havent traded at all today.. still I a clusterfuck I see

Attachment
Young guy, in mid-twenties.
The Thief of Wall Street
  • #4,143
  • Edited 4:35pm Aug 26, 2011 4:23pm | Edited 4:35pm
Guys and Girls, I would like to apologize to everyone on the forum for my behavior today ESPECIALLY to ken who so graciously opened the thread. Magix ,I am sorry that I really get under your skin and to cloggie for sending the letter to twee. Sometimes I do things for the betterment of the people only to really fuck it up.Obviously this board wouldnt be what it is without a little drama, I just worry about those who maybe cant handle ridicule that they may eventually do something stupid especially if they are having personal problems in their lives.People from all over the world frequent FF and we just never know what will push them completely over the edge.I have always defended the underdog which has always gotten me into trouble. When the hell will I learn? Anyways...hopefully I will take this experience today and put it to good use. Again, I am sorry to all that I have offended (including Magix). I hope you all made some great pips today and wish you a great weekend
PC
  • #4,144
  • Aug 26, 2011 4:51pm Aug 26, 2011 4:51pm
Quoting Chicky
Young guy, in mid-twenties.
Atlanta has two universities right in downtown, so no surprise there
  • #4,145
  • Aug 26, 2011 5:27pm Aug 26, 2011 5:27pm
Yo Bastards......weekend....several Sam Adams already....great week....I really like the vibe .... I also like the way we all chart and analyze differently, yet we seem to be seeing similar levels and scenario's....lets make it happen next week! (I will be presenting my XOM option 4 trades to a million on Sun.....)


Quoting kenfen69
Out of here folks. Haven't decided what I'm doing this weekend. I would certainly get more "stuff" done if I go home...but where's the fun in that?

Hope you all woop it up! See you around at some point, or for the opening bells.



Cheers
  • #4,146
  • Aug 26, 2011 6:03pm Aug 26, 2011 6:03pm
What a dumbass!!!
I didnt close this trade
I am looking at more upside for this bastard pair lol this will be a lesson learnt, NOT to leave the trade open and go away from the computer at the last minute


Quoting hkkhanus
ahh, just my head need some coffee
just woke up to an order filled at 4439 and TP hit at 4365 while i was asleep
and filled near upper TL on Daily well at 4470... dont think it was very clever idea but will see, still half asleep so check it out after the coffee
  • #4,147
  • Aug 26, 2011 6:43pm Aug 26, 2011 6:43pm
What happened here? Did I miss something?
What's going on pc?
  • #4,148
  • Aug 26, 2011 6:54pm Aug 26, 2011 6:54pm
Quoting attila
For those that can absolutely swear this thing can't go any higher, here's a weekly chart to think about (the kitchen sink one). Not saying it will but it does have an UP feel to it doesn't it? Those things at the bottom being curved up are very unsettling to me. It's also one of the reasons I never gave up on my longs this week...

Attachment
Nice trade Attila. I got too excited on Wednesday and got stopped out on my shorts. Should have waited at least for candle close. Just can't seem to get rid of this bad habit. Lol.
  • #4,149
  • Aug 26, 2011 7:24pm Aug 26, 2011 7:24pm
Quoting pkimnyc
Nice trade Attila. I got too excited on Wednesday and got stopped out on my shorts. Should have waited at least for candle close. Just can't seem to get rid of this bad habit. Lol.
I can write a book about bad habits. Getting rid of them one by one. What I've done lately is this. Before any action, I take a few seconds and I ask this question: Am I just about to do this out of FEAR(fear of losing/missing out)? If the answer is yes, then I bite my hand and just not do it.
  • #4,150
  • Aug 26, 2011 7:35pm Aug 26, 2011 7:35pm
Tip my hat to you sir....many here believe that most posters never take loss. I also try and post when I have been wrong, Y,,,,.....because i am not perfect.....I had a 4430 SH on last night, Y...as u call it...Chino roll...it went against me a bit, but based on PA I hung and added....Emotion / Gut check, yet the thing is....my 4430 entry IMHO was a fairly safe bet. I postulated based on the laws of S/D that worse case, I could get out with a -10. This game for me has seriously become about entry exit. I know that sounds simple, but I have become absolutely addicted to the theories of SD. U and some others have really amped up my % with your charting and analyzation. By the way, Kens charts are some of the most powerful. His simple comments on his shorting strategy coupled with his graphic lexicon and presentation has allowed me to extrapolate a few theories of my own.

Thanks for keeping it real....

Quoting Magix
OQ...

Going off of a chart that I had posted previously on the expected retrace zone, I had ignored my longer TF charts on the trade.

Hourly was confirm long, I was short on the break zone...

This is an example of what I done wrong this week...-25 on the deal, x2...

I don't mind taking a bad trade, but this is like what you said, I shouldn't have been in the trade to begin with...it was a guess at best, and was a miss by simply ignoring what was happening.
  • #4,151
  • Aug 26, 2011 7:35pm Aug 26, 2011 7:35pm
Quoting attila
For those that can absolutely swear this thing can't go any higher, here's a weekly chart to think about (the kitchen sink one). Not saying it will but it does have an UP feel to it doesn't it? Those things at the bottom being curved up are very unsettling to me. It's also one of the reasons I never gave up on my longs this week...

Attachment
Indeed. I've had my sly little eye on that chart for a few weeks. Haven't seen it mentioned much though.
Nothing worth having is easy.
  • #4,152
  • Aug 26, 2011 7:38pm Aug 26, 2011 7:38pm
A-

Remember those 2 numbers I told u r my nova targets.....we shall C. Cool thing is I believe 4425-447-ish will develop early next week....a really great shorting opp coming IMHO....then prob sideways till Sept.




Quoting attila
For those that can absolutely swear this thing can't go any higher, here's a weekly chart to think about (the kitchen sink one). Not saying it will but it does have an UP feel to it doesn't it? Those things at the bottom being curved up are very unsettling to me. It's also one of the reasons I never gave up on my longs this week...

Attachment
  • #4,153
  • Aug 26, 2011 7:38pm Aug 26, 2011 7:38pm
Quoting attila
I can write a book about bad habits. Getting rid of them one by one. What I've done lately is this. Before any action, I take a few seconds and I ask this question: Am I just about to do this out of FEAR(fear of losing/missing out)? If the answer is yes, then I bite my hand and just not do it.
Thanks for that suggestion. Lol
This month has been horrible for me. Way too short of reaching monthly goal.... Bad habits seem to occur more when desperate I guess. lol.
Just gotta keep myself cool next month not to make up for the shortfall.
  • #4,154
  • Aug 26, 2011 7:40pm Aug 26, 2011 7:40pm
Quoting pkimnyc
Thanks for that suggestion. Lol
This month has been horrible for me. Way too short of reaching monthly goal.... Bad habits seem to occur more when desperate I guess. lol.
Just gotta keep myself cool next month not to make up for the shortfall.
Pk-

a little trick Ive been using .... stop looking at your acct...only look at the pip count....totally changed my game....I look at it at the end of the day or week...it totally shifts focus
  • #4,155
  • Edited 7:57pm Aug 26, 2011 7:45pm | Edited 7:57pm
So I have a very weird way of trading, I know, I know. I hold through draw downs but I continue to trade as opportunities present themselves. Here is a graph of my balance(red), equity (yellow) as they progress. It's a new account so not much data is available. I've cropped out the details. They are not important.... The point is, if you look at it, the equity is always below the balance. It means I always have floaters under water, but as long as they are both going up and somehow relatively parallel, I'm happy. When they meet, it means I'm flat and a new cycle is about to start. I don't over leverage. That fact is being given away by the slope of the graph. Some could say I waste equity but I think slow growth is the name of this game. Not over leveraging keeps me cool, relaxed and I can process the market flow much easier.

Attached Image


To complete the picture... I don't always win. Here are the numbers. I do close trades at a loss. I mean I don't hold on them forever if I lose faith in those particular trades. I'm not very happy with these ratios, but hey can't have it all.

Longs Won:(57/92) 61%
Shorts Won:(82/122) 67%
  • #4,156
  • Edited 8:21pm Aug 26, 2011 7:53pm | Edited 8:21pm
Quoting needpips
Pk-

a little trick Ive been using .... stop looking at your acct...only look at the pip count....totally changed my game....I look at it at the end of the day or week...it totally shifts focus
Thanks, but for me it's the percentage of the gain that counts, not the amount of pips. Depending on the set ups I get. I use 10~50 pips sl. Obviously I have to adjust the lot size accordingly on the amount of sl I use at the time. So... For me, because the variable in lot size on each trade, pip count doesn't work well.

ex.) trade setup 1 using sl 20 pips targeting 80 pips = 1:4 rr is much profitable than trade setup 2 with sl 50 pips targeting 150 pips = 1:3 rr

trade setup 1 = 8% gain with 2% risk. 80 pips gain
trade setup 2 = 6% gain with 2% risk. 150 pips gain
  • #4,157
  • Aug 26, 2011 8:18pm Aug 26, 2011 8:18pm
This graph would have been a little more impressive (growth) than this

http://www.forexfactory.com/showthre...19#post4907019

But let's keep it real. Anyway, the plan is to slowly increase the trade size in the coming months, but that will happen in an extremely controlled way, and all based on the previous numbers improving.

Attached Image
  • #4,158
  • Aug 26, 2011 8:28pm Aug 26, 2011 8:28pm
Quoting attila
This graph would have been a little more impressive (growth) than this

http://www.forexfactory.com/showthre...19#post4907019

But let's keep it real. Anyway, the plan is to slowly increase the trade size in the coming months, but that will happen in an extremely controlled way, and all based on the previous numbers improving.

Attachment
just noticed your avatar.... fucking funny as hell dude...
  • #4,159
  • Aug 26, 2011 8:31pm Aug 26, 2011 8:31pm
Quoting pkimnyc
just noticed your avatar.... fucking funny as hell dude...
LOL. I'm protesting what I think is wrong here. Although it's the U.S. communist party flag, I am a hard core capitalist, libertarian, gun loving type.

edit: check my occupation in the profile. LOL.
  • #4,160
  • Aug 26, 2011 9:05pm Aug 26, 2011 9:05pm
Whats up peeps? Just back from the CME...literally! Went to the pub OQ suggested...Coogan's. Nice place...beautiful bar...black walnut, I think. But it was an "Irish" bar. Spent my whole life in those, so don't do them that often overseas...was a good one, though. Went to the CME directly...well actually the Chicago Board of Trade (CBOT) building, as that is where the trading is done these days...unless someone was pulling my leg. Was looking for the ghosts of PTL and OQ!

Went to a place called Ceres (the statue on the roof of the CBOT...goddess of agriculture) in there. Kinda cool. Some of the decor was sunken and laid out like a "pit." Tellies above the bar showing all the latest prices...although by the time I arrived...they weren't moving. Good cocktails...had a laugh with some guys. Bernanke came up. I said he was the biggest bastard going...they liked, laughed...and agreed.

Going to go to the deep-dish joint PTL recommended. Will decide if I'm staying or going tomorrow. Plenty of flights to Toronto if I decide to go.
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