The Really Useless Thread | Page 3568 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #71,341
  • Apr 4, 2012 11:09am Apr 4, 2012 11:09am
Quoting PhAnTi'
it's hard to include spread ( different pair different spread ) and stops into such calculations,because we dont know how many trades we enter and close / day.
If we say 1 trade / day with a 10 pip target means 10 pip stop , but we dont get a 1:1 rr because of spread.

anyway.... lets keep it simple, best case scenario.... there are always some losing days...----> just a delay of the presented line.

im currently working on more complex ones, like increasing risk with net amount wins something like creating a virtual risk pot. You take 10 %...
trade are done for me. Don't really care if goes up or down. No setups.
  • #71,342
  • Apr 4, 2012 11:13am Apr 4, 2012 11:13am
Quoting pkimnyc
trade are done for me. Don't really care if goes up or down. No setups.
.... always bad idea to jump off lately

see you made ur cash today.... time for a drink

gratz !


regards,
Jonas
Hero calls followed by margin calls...
  • #71,343
  • Apr 4, 2012 11:16am Apr 4, 2012 11:16am
Quoting USD-Bear
what do you want to show, the outcome of a compounding stupidity scenario?
Sorry the pick your message it just fits perfectly.
Damn I sound like Cloggie


dont care, Cloggie is way more rude


Quote
what do you want to show

well i actually want to show that we dont have to try to make a million in a short period.... we can have a great income if we take the slower and safer way with no stress instead risking and gambling around...

anyway have a nice eve ;-p
Hero calls followed by margin calls...
  • #71,344
  • Apr 4, 2012 11:19am Apr 4, 2012 11:19am
Quoting USD-Bear
what do you want to show, the outcome of a compounding stupidity scenario?
Sorry the pick your message it just fits perfectly.
Damn I sound like Cloggie
But damn you are right, mate...
Quant Hedge Fund CEO
  • #71,345
  • Apr 4, 2012 11:21am Apr 4, 2012 11:21am
and when it holds above ... retest for some long scalps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUM5.jpg Size: 94 KB
Click to Enlarge Name: EUM52.jpg Size: 85 KB
  • #71,346
  • Apr 4, 2012 11:21am Apr 4, 2012 11:21am
Quoting PhAnTi'
its all about consistency...

10 pip a day calculation table....made by me

worth a check....

kindest regards,
Jonas
in the long run, we are all dead...
Look Sharp/Trade Tight
  • #71,347
  • Apr 4, 2012 11:22am Apr 4, 2012 11:22am
Quoting attila
I ended up almost 50/50. I think that's stupid..
Unfortunate, not stupid...That´s not the word I´d use in connection with you, mate...

There will be better days.

Btw just looking @Weekly, we erased two weeks of bullish crawling north in 2 days lol...
Quant Hedge Fund CEO
  • #71,348
  • Apr 4, 2012 11:27am Apr 4, 2012 11:27am
Quoting FXMastermind
Unfortunate, not stupid...That´s not the word I´d use in connection with you, mate...

There will be better days.

Btw just looking @Weekly, we erased two weeks of bullish crawling north in 2 days lol...
It's definitely bearish. In the same time it's stretched silly. Will have to bounce some..
  • #71,349
  • Apr 4, 2012 11:28am Apr 4, 2012 11:28am
Quoting FXMastermind
Morning fellas,

3260 is my level today, 3220 and 3232 minors along the way.

Watching PA for retracement into this area, shorting there.
It didn´t really care about retracing anything, lol...Mr. Shoulda tells me I should have kept those two large shorts I opened yesterday above 33...I could easily skip one month trading if I closed them today and take vacation on Maledives. Meh.
Quant Hedge Fund CEO
  • #71,350
  • Apr 4, 2012 11:30am Apr 4, 2012 11:30am
Quoting attila
It's definitely bearish. In the same time it's stretched silly. Will have to bounce some..
I fully agree. I am looking @3200/3220 for potential retracement cap...

That said, we still have couple big events ahead, so some volatility is to be expected. I think we might see upside consolidation on Thursday and early Friday (Easter time, there will be some lazy market I guess...), creating bearish flag and another dive after NFP on Friday...
Quant Hedge Fund CEO
  • #71,351
  • Apr 4, 2012 11:36am Apr 4, 2012 11:36am
Quoting attila
It's definitely bearish. In the same time it's stretched silly. Will have to bounce some..
agreed attila, worth 1 or 2 tries but can't force it, there will be other chances on other days
Don't be a hero. Don't have an ego. Always question yourself
  • #71,352
  • Apr 4, 2012 11:42am Apr 4, 2012 11:42am
Quoting PayTheLimit
in the long run, we are all dead...
Attached Image
  • #71,353
  • Apr 4, 2012 11:45am Apr 4, 2012 11:45am
Also interesting sign of bears returning into power. SSI shows retail crowd is again net short on USD after quite some time, which nicely corresponds with retail positioning on EUR/USD, again, after quite some time, we switched from net short to net long (52% long)...

Daily close below 3150 is crucial imo.
Quant Hedge Fund CEO
  • #71,354
  • Apr 4, 2012 11:47am Apr 4, 2012 11:47am
Quoting USD-Bear
agreed attila, worth 1 or 2 tries but can't force it, there will be other chances on other days
It should have gone a little lower if it came so far. 3094 3080 area, but it didn't. That's according to the lines I have here (many times they confuse the crap out of me, lol), but there was talk of a defended option barrier at 3100 also..
  • #71,355
  • Apr 4, 2012 12:07pm Apr 4, 2012 12:07pm
Quoting attila
It should have gone a little lower if it came so far. 3094 3080 area, but it didn't. That's according to the lines I have here (many times they confuse the crap out of me, lol), but there was talk of a defended option barrier at 3100 also..
clear, just wondering why so many trades?
The lines would urge for shorts or continuing them
The option talk would urge not to short near 1.31
So why trade so much?
Don't be a hero. Don't have an ego. Always question yourself
  • #71,356
  • Edited 12:28pm Apr 4, 2012 12:16pm | Edited 12:28pm
Quoting USD-Bear
clear, just wondering why so many trades?
The lines would urge for shorts or continuing them
The option talk would urge not to short near 1.31
So why trade so much?
What do you mean? Why I took the bounces off the bottom? I agree, that was one stupid thing to do. To much work almost for nothing..
  • #71,357
  • Apr 4, 2012 12:29pm Apr 4, 2012 12:29pm
Quoting attila
What do you mean? Why I took the bounces off the bottom? I agree, that was one stupid thing to do. To much work almost for nothing..
thought you mentioned 50 pips trading proceeds and 50 pips commission, might be wrong....
Don't be a hero. Don't have an ego. Always question yourself
  • #71,358
  • Apr 4, 2012 12:33pm Apr 4, 2012 12:33pm
Quoting USD-Bear
thought you mentioned 50 pips trading proceeds and 50 pips commission, might be wrong....
Ah, no.. 50% with the broker.. That's why I said, it was genius.. I went for 4-5 pips at a time. Like I said, not worth the effort..

12 trades today. I sometimes do that.. Old habits die hard..
  • #71,359
  • Apr 4, 2012 12:45pm Apr 4, 2012 12:45pm
Quoting USD-Bear
what do you want to show, the outcome of a compounding stupidity scenario?
Sorry the pick your message it just fits perfectly.
Damn I sound like Cloggie
Lol

Just talked to that dude on email the other day...he is still
The biggest bastard of them all

Looks like I picked a night too early to take off from
Shorting the piss out of the market... I really expected a tight consolidation and then continuation tmmrw... I guess the big bastards used draghi and the us data to punish the longs more a bit early...

Will be lookin at a stop hunt somewhere between 3072-3100 to buy at London or one to 3170-3200 to sell... In between just seems like a bunch of garbage... Who the hell knows though? I may just stick to trading crosses.... Lol
  • #71,360
  • Apr 4, 2012 12:47pm Apr 4, 2012 12:47pm
Anybody knows if this is Tai Chi or Yoga?

Attached Image (click to enlarge)
Click to Enlarge Name: image003.jpg Size: 52 KB


Attached Image (click to enlarge)
Click to Enlarge Name: image008.jpg Size: 67 KB
12 traders viewing now