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The Really Useless Thread

  • #64,141
  • Mar 14, 2012 2:50pm Mar 14, 2012 2:50pm
Quoting darimik
I am going to roll a dice. where would you buy and sell? bid/ask

1 2 3 4 5 6 ?
sell 3 ask please
Don't be a hero. Don't have an ego. Always question yourself
  • #64,142
  • Mar 14, 2012 2:52pm Mar 14, 2012 2:52pm
Quoting PayTheLimit
I am clueless about this Carmila, is that here name...she isnt related to that Murry guy, or that Elliot chap.. is she?..will have to read up on her..

fuck no its related to digger killlube56

i did post something about it long time a go
  • #64,143
  • Mar 14, 2012 2:52pm Mar 14, 2012 2:52pm
In my idiotic (counter)logic I look at it this way.. If I can see it, then everybody sees it (my motto btw). If a place is obvious for a turn around, then the market will NOT reach it. It will look like it's going there and while some will jump on the down elevator, some will jump off the elevator, or building (the longs), for the market to create the maximum damage, it will turn somewhere before it gets there.. Where? Somewhere between here and there...
Quoting wannaberich
if u wanted those number u only had to ask

15 is weekly cam L4 ( if passed then high odds we see weekly L5 which is... tchan tchan... 1.29628 Gator magic number.


1.3003 is daily L4. same shit applies to that L4 and it would lead to 1.2940 (got the lower lip od the daily upwards fork there. no way we'll get that far today)

so these 2 should hold it till NY goes, me finks. as for tomorrow... don't dare to say... u guys all long, so...
  • #64,144
  • Mar 14, 2012 2:53pm Mar 14, 2012 2:53pm
she is sister to that murry fucker. no where related to the elliot guy... he's a real complicated dude...

Quoting PayTheLimit
I am clueless about this Carmila, is that here name...she isnt related to that Murry guy, or that Elliot chap.. is she?..will have to read up on her..
dreams do come true.
  • #64,145
  • Mar 14, 2012 2:54pm Mar 14, 2012 2:54pm
Quoting gatorinla
if/after gold breaks todays low.. 1612 (1611.52 min) is a reasonable target.. in st.. 50% lower. = distance is the risk. a bounce can decrease risk and add to reward distance.
(red) low at the mid.
yellow is another target.
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #64,146
  • Mar 14, 2012 2:55pm Mar 14, 2012 2:55pm
Quoting attila
In my idiotic (counter)logic I look at it this way.. If I can see it, then everybody sees it (my motto btw). If a place is obvious for a turn around, then the market will NOT reach it. It will look like it's going there and while some will jump on the down elevator, some will jump off the elevator, or building (the longs), for the market to create the maximum damage, it will turn somewhere before it gets there.. Where? Somewhere between here and there...
Always long till short, short till long mang. 15m is currently biased short. HOWEVER, we are in a really tight range for changing that direction.

Close > 3030 for up
Close < 3016 for down.
  • #64,147
  • Mar 14, 2012 2:57pm Mar 14, 2012 2:57pm
Quoting Venice
Always long till short, short till long mang. 15m is currently biased short. HOWEVER, we are in a really tight range for changing that direction.

Close > 3030 for up
Close < 3016 for down.
I don't know at this point, just throwing it out there..
  • #64,148
  • Mar 14, 2012 2:59pm Mar 14, 2012 2:59pm
Quoting sisse
Oh yeap...I am talking stocks mid term/investment TFs btw. We just barely passing the kerb and look where we are.

If US/Europe GDP and employment ticks up by the end of the year to real positive territory there is a very decent rally on the making.

What we know for sure now is that we have a bottom, major risk short term is almost gone, mid term look brighter and long term we haven't solve anything but by then we just sell...

2 main sectors to focus on. One is Financials, they were so hammered the last few years that forming a bottom has/will...
Thanks Sisse, your insight is always appreciated...
Quant Hedge Fund CEO
  • #64,149
  • Mar 14, 2012 3:00pm Mar 14, 2012 3:00pm
thriple inside bar, kinda like the triple lutz..
Look Sharp/Trade Tight
  • #64,150
  • Mar 14, 2012 3:00pm Mar 14, 2012 3:00pm
Inserted Video
those who can, do. those who cant, talk about those who can
  • #64,151
  • Mar 14, 2012 3:02pm Mar 14, 2012 3:02pm
Quoting attila
In my idiotic (counter)logic I look at it this way.. If I can see it, then everybody sees it (my motto btw). If a place is obvious for a turn around, then the market will NOT reach it. It will look like it's going there and while some will jump on the down elevator, some will jump off the elevator, or building (the longs), for the market to create the maximum damage, it will turn somewhere before it gets there.. Where? Somewhere between here and there...
what about the possibility of going further than the point everyone is expecting?
Look Sharp/Trade Tight
  • #64,152
  • Mar 14, 2012 3:04pm Mar 14, 2012 3:04pm
Quoting sisse
I see you point. Despite TA (that a whole different issue), you can see clearly who benefit in the stock markets and where did they buy.

Look at the bottom on 03/2009. We have a non-stop rally of nearly 200%. All the bastards loaded there until the end of that year because of the free money. No sane investor or conservative real investor would have ride in that environment.

Now look at QE1 and QE2 same story. However, since last Q 2011 the environment has dramatically changed. The last leg is all based on macro numbers and you can see everybody...
Boy this is some brilliant analysis...My compliments, sire.

Reading your posts is like reading WSJ...With the important difference that it actually contains useful info
Quant Hedge Fund CEO
  • #64,153
  • Mar 14, 2012 3:04pm Mar 14, 2012 3:04pm
Quoting PayTheLimit
what about the possibility of going further than the point everyone is expecting?
Well, no. It has to screw both longs and shorts. In that case only longs will be screwed..
  • #64,154
  • Mar 14, 2012 3:05pm Mar 14, 2012 3:05pm
if that was so, cam wise, we should have turned already as L4 is last resort for a turn.

i do see the exact opposite (maybe that's why i mostly suck at this business): when everyone sees a turning point it continues. then everyone thinks it can't go any further. it goes. then everyone thinks it REALLY can't go any further. it still does. then people give up on the turning and decide to scalp a little with the trend. it then turns.

and while it goes, it makes sure it lands a lot of great reversal opportunities for people to enter and they keep getting the liquidity they need. it's when noone is going against it any more that market needs to turn to get it's liquidity somewhere else...

just my 0.02 seashells

Quoting attila
In my idiotic (counter)logic I look at it this way.. If I can see it, then everybody sees it (my motto btw). If a place is obvious for a turn around, then the market will NOT reach it. It will look like it's going there and while some will jump on the down elevator, some will jump off the elevator, or building (the longs), for the market to create the maximum damage, it will turn somewhere before it gets there.. Where? Somewhere between here and there...
dreams do come true.
  • #64,155
  • Mar 14, 2012 3:05pm Mar 14, 2012 3:05pm
Quoting darimik
I am going to roll a dice. where would you buy and sell? bid/ask

1 2 3 4 5 6 ?
just one dice?
Look Sharp/Trade Tight
  • #64,156
  • Mar 14, 2012 3:07pm Mar 14, 2012 3:07pm
Quoting attila
Well, no. It has to screw both longs and shorts. In that case only longs will be screwed..
well I was suggesting that the market exceeded your point and then rebounded...but perhaps that doesnt fit your scenerio..
Look Sharp/Trade Tight
  • #64,157
  • Mar 14, 2012 3:08pm Mar 14, 2012 3:08pm
Quoting wannaberich
if that was so, cam wise, we should have turned already as L4 is last resort for a turn.

i do see the exact opposite (maybe that's why i mostly suck at this business): when everyone sees a turning point it continues. then everyone thinks it can't go any further. it goes. then everyone thinks it REALLY can't go any further. it still does. then people give up on the turning and decide to scalp a little with the trend. it then turns.

and while it goes, it makes sure it lands a lot of great reversal opportunities for people to enter and they...
Brilliant. hehe. So true though. IMO the thing that really, really helped me was to look at the current range, then trade in the direction of the range shifts.
  • #64,158
  • Mar 14, 2012 3:09pm Mar 14, 2012 3:09pm
Right, so the goal should be figuring out what most believe and do the opposite. If you can, easier said than done.. Either way the point I was trying to make, is the market turns when it screws both longs and shorts for the maximum amount... It's tricky, but it's probably the only (anti)logic one can put on this thing..


Quoting wannaberich
if that was so, cam wise, we should have turned already as L4 is last resort for a turn.

i do see the exact opposite (maybe that's why i mostly suck at this business): when everyone sees a turning point it continues. then everyone thinks it can't go any further. it goes. then everyone thinks it REALLY can't go any further. it still does. then people give up on the turning and decide to scalp a little with the trend. it then turns.

and while it goes, it makes sure it lands a lot of great reversal opportunities for people to enter and they...
  • #64,159
  • Mar 14, 2012 3:11pm Mar 14, 2012 3:11pm
Quoting PayTheLimit
well I was suggesting that the market exceeded your point and then rebounded...but perhaps that doesnt fit your scenerio..
It does actually... because the shorts will be looking at the next obvious place...
  • #64,160
  • Mar 14, 2012 3:11pm Mar 14, 2012 3:11pm
Ok fellas,

closing the books with 92 green ones, collected a few more on that bounce from 3014-15, leaving a buy order on the table overnight @3007...

...more luck than skill though, that was some weird market today.

3000 is not going to give up without a proper fight, I reckon.

You guys have fun, cheers...
Quant Hedge Fund CEO
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