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The Really Useless Thread

  • #88,361
  • May 15, 2012 2:23pm May 15, 2012 2:23pm
Quoting USD-Bear
ah well gave away earlier oil results it's a fast mover.
Waiting for an EU bounce above 1.27 now, otherwise wasted week
See below...no...above, now!

You'll be just fine, brother. Truly!
  • #88,362
  • May 15, 2012 2:24pm May 15, 2012 2:24pm
Quoting kenfen69
After the big Aussie play, Wulf...you should have about 16.5k in your account now...

1.5% compounding, Monday to Friday...not even 7 days a week...will put you around 600k after one year, so yes...darimik is about right on the 1 mil.
this time next year rodders we'll be millionaires...

working at 10:1 leverage i estimate 10 pips net gain per trading day is sufficient.. spread sheet courtesy of hatches..

(just need to avoid the large draw downs of course, but with that in mind is 10:1 to high? thoughts?)
Attached File(s)
File Type: xls Forex-Balancesheet 2011.xls   109 KB | 252 downloads
  • #88,363
  • May 15, 2012 2:25pm May 15, 2012 2:25pm
Quoting gatorinla
looking to close above 2824.. especially if we get there before e/close.. then s again in the 71 area/
lets c if we bounce for a reload. it seems greece has a little run on its banks. so bounce is less clear.
those who can, do. those who cant, talk about those who can
  • #88,364
  • May 15, 2012 2:26pm May 15, 2012 2:26pm
Quoting kenfen69
Why wouldn't ATR suffer? What happened to 120?

Globalizationist bastard whores!

I feel better now.
because the sky is falling
those who can, do. those who cant, talk about those who can
  • #88,365
  • May 15, 2012 2:34pm May 15, 2012 2:34pm
Hollande:

 

  1. Wants Greece to stay in the euro; wants vote to affirm attachment to the euro
  2. Europe ready to take steps to add growth measures to Greek bailout
  3. All possible measures to support growth should be considered

Disclaimer: Check your 1m charts
  • #88,366
  • May 15, 2012 2:35pm May 15, 2012 2:35pm
Quoting gatorinla
because the sky is falling
2724 for the ny close, your call i believe..
  • #88,367
  • May 15, 2012 2:36pm May 15, 2012 2:36pm
oil is getting close. gold 22 $ from the 1139 $ edge. (1522)
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #88,368
  • May 15, 2012 2:37pm May 15, 2012 2:37pm
Quoting FibbinArchie
2724 for the ny close, your call i believe..
right or wrong its posted before.
those who can, do. those who cant, talk about those who can
  • #88,369
  • May 15, 2012 2:37pm May 15, 2012 2:37pm
Quoting FibbinArchie
this time next year rodders we'll be millionaires...

working at 10:1 leverage i estimate 10 pips net gain per trading day is sufficient.. spread sheet courtesy of hatches..

(just need to avoid the large draw downs of course, but with that in mind is 10:1 to high? thoughts?)
Well, statistically only compounding a 1 pip net gain per trading day is enough to make you millionaire....but as you know that is wishful thinking and not how things work in reality...

IMO, 10:1 leverage sounds healthy at first glance and for the first few dozen legs on the excel. However, compounding like this is not real and statistically impossible if you want to put r:r in the equation. After a few legs you will need to either increase that ratio or increase the risk on capital to make your daily goals making your risk go through the roof...

Sorry IMHO, making compounding tables like that is not the best approach on trading and capital management.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #88,370
  • May 15, 2012 2:41pm May 15, 2012 2:41pm
Quoting sisse
Well, statistically only compounding a 1 pip net gain per trading day is enough to make you millionaire....but as you know that is wishful thinking and not how things work in reality...

IMO, 10:1 leverage sounds healthy at first glance and for the first few dozen legs on the excel. However, compounding like this is not real and statistically impossible if you want to put r:r in the equation. After a few legs you will need to either increase that ratio or increase the risk on capital to make your daily goals making your risk go through the roof...

Sorry...
no, all comments and views are more than welcome sisse, just thought i'd put it out there, and agree the landscape changes drastically when the equity curve ramps up...
  • #88,371
  • May 15, 2012 2:42pm May 15, 2012 2:42pm
Quoting gatorinla
right or wrong its posted before.
well pretty much right i'd say there g-man...
  • #88,372
  • May 15, 2012 2:44pm May 15, 2012 2:44pm
700 million euros were withdrawn from greek banks. timeline unknown. but if greece is doing it.. then Italy and Spain would be next. g who would of thunk.
those who can, do. those who cant, talk about those who can
  • #88,373
  • May 15, 2012 2:46pm May 15, 2012 2:46pm
Quoting gatorinla
700 million euros were withdrawn from greek banks. timeline unknown. but if greece is doing it.. then Italy and Spain would be next. g who would of thunk.
contagion fears and all that, are we staring into the abyss? or will euro land be saved by tomorrows open? the latter is usually the case in my experience.. any link for info on greek bank run?

edit- k, so just dug this up... that 700 bln is since the election until yesterday, not all in one day as the dow jones report suggests, but still a pretty fuckin' large amount...
  • #88,374
  • May 15, 2012 2:50pm May 15, 2012 2:50pm
Quoting Venice
Dear HDA,

As all of us had to go through, we must fail... sometimes many times if we are to succeed in this world. Some it will not be in their future, others it will. This is simply the process that separates the two, and for the small percentage, grants empowerment.
Holy mother of fak...can I get a hallelujah?

Its only Forex Factory. Its just an EU thread. A wipe-out or two will toughen everyone's tittays...boy/girl needn't matter...traders we are...or strive to be. Actually fak that! I don't strive to be a trader! S c u m!!!

But...over-sized, crayon-coloured bollocks should really just be called off here, mate...from the start. No disrespect to the respectfully...but, please...not here.

You're more than welcome here, my friend...you know that...but if you're going to go between the two rooms...please...allow those of us that want to hear about everything else FF has to offer, to discover it ourselves.

Final request...suggestion....ah...never mind.
  • #88,375
  • May 15, 2012 2:55pm May 15, 2012 2:55pm
Quoting FibbinArchie
contagion fears and all that, are we staring into the abyss? or will euro land be saved by tomorrows open? the latter is usually the case.. any link for info on greek bank run?

edit- k, so just dug this up... that 700 bln is since the election until yesterday, not all in one day as the dow jones report suggests, but still a pretty fuckin' large amount...
yep.. and money flows..a bunch of it will end up in the u.s. as usd. sure some goes to Germany. but Germany is holding the guarantee bag for the rest, as a loss. any money funneled to the u.s. hurts Germany. GB is benefiting on the exchange like the u.s. is.
those who can, do. those who cant, talk about those who can
  • #88,376
  • May 15, 2012 2:55pm May 15, 2012 2:55pm
Quoting kenfen69
Holy mother of fak...can I get a hallelujah?

Its only Forex Factory. Its just an EU thread. A wipe-out or two will toughen everyone's tittays...boy/girl needn't matter...traders we are...or strive to be. Actually fak that! I don't strive to be a trader! S c u m!!!

But...over-sized, crayon-coloured bollocks should really just be called off here, mate...from the start. No disrespect to the respectfully...but, please...not here.

You're more than welcome here, my friend...you know that...but if you're going to go between the two rooms...please...allow...
Inserted Video
  • #88,377
  • May 15, 2012 2:57pm May 15, 2012 2:57pm
I like GOLD PA..
  • #88,378
  • May 15, 2012 2:58pm May 15, 2012 2:58pm
The last # in my Bat Pattern ( 88.6 % fib = 12721 is touched to the pip ) .

My dive is finished for now . Going long for fun. Lets see
Attached Image (click to enlarge)
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #88,379
  • May 15, 2012 2:58pm May 15, 2012 2:58pm
Quoting gatorinla
g who would of thunk.
g-man?

How's the stone in yer kidney? Should anyone get buying it yet...for posterity?

For the ten millionth (it seems like) time.
  • #88,380
  • May 15, 2012 2:59pm May 15, 2012 2:59pm
Quoting gatorinla
yep.. and money flows..a bunch of it will end up in the u.s. as usd. sure some goes to Germany. but Germany is holding the guarantee bag for the rest, as a loss. any money funneled to the u.s. hurts Germany. GB is benefiting on the exchange like the u.s. is.
so much for usd losing it's safe haven status.. but that said, read various reports of mumblings coming out of one of the fomc cronies regarding qe3 today, on the back of all this greek bollocks..
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