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The Really Useless Thread

  • #12,301
  • Sep 13, 2011 3:02pm Sep 13, 2011 3:02pm
Quoting Venice
Bummer. Hate when those bastards do that. One of the reasons I have started waiting for a cluster to form before putting stops to be. I'd rather have a loss then a premature knockout of a profitable run.
yeah need to work on my stop loss strategy, i always go b/e @ +20 or sooner if it's a risky trade like a top / bottom pick, but evidently too soon, the number of peach entries that have been stopped, literally for the sake of a pip or two...

but to be fair you wouldn't have foreseen that spike, the trade was already +30 in profit...
  • #12,302
  • Sep 13, 2011 3:07pm Sep 13, 2011 3:07pm
1.3676...ll demand there
  • #12,303
  • Sep 13, 2011 3:13pm Sep 13, 2011 3:13pm
a bit of a clusterfuck here.. I wanted to play the bounce of 3470 but never got there .. 3730 is an important place, so is 3620. and the whole area of 33xx seems like a mofu based on my numbers.

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  • #12,304
  • Sep 13, 2011 3:14pm Sep 13, 2011 3:14pm
Quoting darimik
a bit of a clusterfuck here.. I wanted to play the bounce of 3470 but never got there .. 3730 is an important place, so is 3620. and the whole area of 33xx seems like a mofu based on my numbers.

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u close a thou yet?
  • #12,305
  • Sep 13, 2011 3:15pm Sep 13, 2011 3:15pm
Quoting needpips
Ken...just post some skin...then itll be settled quick like
What...a naked nudie of meself...really?
  • #12,306
  • Sep 13, 2011 3:16pm Sep 13, 2011 3:16pm
Quoting kenfen69
What...a naked nudie of meself...really?
ummm...fak it..just a sec
  • #12,307
  • Sep 13, 2011 3:16pm Sep 13, 2011 3:16pm
need to see how 3679 acts.. Possible W forming on 5min & 15min
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
Disclaimer: Check your 1m charts
  • #12,308
  • Sep 13, 2011 3:16pm Sep 13, 2011 3:16pm
Quoting kenfen69
What...a naked nudie of meself...really?
  • #12,309
  • Sep 13, 2011 3:18pm Sep 13, 2011 3:18pm
Quoting needpips
u close a thou yet?
still some riding from 4541... I did have to scale out at +1000 to mark my first thousand pipper...

also g/u is all over the place

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  • #12,310
  • Sep 13, 2011 3:18pm Sep 13, 2011 3:18pm
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  • #12,311
  • Sep 13, 2011 3:19pm Sep 13, 2011 3:19pm
Just phenomenal......


Quoting darimik
still some riding from 4541... I did have to scale out at +1000 to mark my first thousand pipper...

also g/u is all over the place


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  • #12,312
  • Sep 13, 2011 3:21pm Sep 13, 2011 3:21pm
Quoting FibbinArchie
yeah need to work on my stop loss strategy, i always go b/e @ +20 or sooner if it's a risky trade like a top / bottom pick, but evidently too soon, the number of peach entries that have been stopped, literally for the sake of a pip or two...

but to be fair you wouldn't have foreseen that spike, the trade was already +30 in profit...
Here's a FWIW suggestion. An instantaneous estimator of the volatility in a bar (of any TF) is:

.GKvol = 10000 * Sqr(0.5 * (.hi - .lo) * (.hi - .lo)
- twoLn2_m_1 * (.op - .cl) * (.op - .cl))

Here twoLn2_m_1 = (2*Ln(2) - 1), hi, lo, op, cl are self explanatory. The 10000 scales it up to pips, and Sqr is square root. This is called a Garman-Klass estimator, which you can Google.

Anyway, keep a moving average of those. Then you can set a stop according to some multiple of that value (fairly big, like 6 or so) to make the stop dynamic. Then overlay money management rules over it.

Again, just a suggestion.
  • #12,313
  • Sep 13, 2011 3:22pm Sep 13, 2011 3:22pm
you rock
Quoting darimik
still some riding from 4541... I did have to scale out at +1000 to mark my first thousand pipper...

also g/u is all over the place

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  • #12,314
  • Sep 13, 2011 3:24pm Sep 13, 2011 3:24pm
Quoting hkkhanus
rofl
I bet you it would work! Would definitely change the subject! A mix of this...

  • #12,315
  • Sep 13, 2011 3:25pm Sep 13, 2011 3:25pm
Quoting OldQuant
Here's a FWIW suggestion. An instantaneous estimator of the volatility in a bar (of any TF) is:

.GKvol = 10000 * Sqr(0.5 * (.hi - .lo) * (.hi - .lo)
- twoLn2_m_1 * (.op - .cl) * (.op - .cl))

Here twoLn2_m_1 = (2*Ln(2) - 1), hi, lo, op, cl are self explanatory. The 10000 scales it up to pips, and Sqr is square root. This is called a Garman-Klass estimator, which you can Google.

Anyway, keep a moving average of those. Then you can set a stop according to some multiple of that value (fairly big,...
whats the meaning of 2 ln 2 -1 ? since its a constant, why not keep it that way...
  • #12,316
  • Sep 13, 2011 3:26pm Sep 13, 2011 3:26pm
Quoting hkkhanus
you rock
thanks.. a scalp can go long ways sometimes... I mean I held that gbp trade since 8/19 now..
  • #12,317
  • Sep 13, 2011 3:26pm Sep 13, 2011 3:26pm
might be party time for some
Quoting kenfen69
I bet you it would work! Would definitely change the subject! A mix of this...

  • #12,318
  • Sep 13, 2011 3:27pm Sep 13, 2011 3:27pm
Took small long @ 3679. Stop 3672

8Hr

Safe trading all. Time for coco and bed


Quoting pipper
need to see how 3679 acts.. Possible W forming on 5min & 15min
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 114 KB
Disclaimer: Check your 1m charts
  • #12,319
  • Sep 13, 2011 3:28pm Sep 13, 2011 3:28pm
Quoting darimik
I did have to scale out at +1000 to mark my first thousand pipper...
Feels nice, doesn't it? Did the same last week.

I have had them in metals, obviously...but never currencies. Feels really good. Nice work, mate!

How's Manchesta?
  • #12,320
  • Sep 13, 2011 3:30pm Sep 13, 2011 3:30pm
Quoting OldQuant
Here's a FWIW suggestion. An instantaneous estimator of the volatility in a bar (of any TF) is:

.GKvol = 10000 * Sqr(0.5 * (.hi - .lo) * (.hi - .lo)
- twoLn2_m_1 * (.op - .cl) * (.op - .cl))

Here twoLn2_m_1 = (2*Ln(2) - 1), hi, lo, op, cl are self explanatory. The 10000 scales it up to pips, and Sqr is square root. This is called a Garman-Klass estimator, which you can Google.

Anyway, keep a moving average of those. Then you can set a stop according to some multiple of that value (fairly big, like 6 or so)...

And while you are at it google DU volatility.....
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