The Really Useless Thread

Cool, cool. I'm completely down with all of that...makes absolute sense. Just hoping when brokers report 85% are long EA, that they literally mean...85% of people that are playing the pair have clicked the "Buy EA" button.

Sorry about the trade, brother. I got stopped out of a long, too...



But I had left my initial short on. Closed it quickly when the support was lost...and then sold the newly formed S turned R failure.

Busy these days?

doing a job at google campus in london at the moment , trying to give some life to their food offer albeit with limited resources. Geek food

wow doctor of neuroscience and he was the one with the broken brain.... maybe he was on a life long search to figure out what was wrong with himself... stupid fuck!


publICALLY execute this fool

are you coming over for this olympics crap , Ken?

if it is whorelympics then ill go too.

Yep...totally down with it. A few years ago when spreads were really atrocious on some of the synthetics, I would triangulate to get the job done a little cheaper.

Again...I don't put much faith in...85% are long EA...or whatever the case may be, because its the wild west...no centralized clearing etc. Now if it was live COT figures...sure, but alas...it ain't. BUT: As I said, if they're going to publish them, I just hope they're quoting exactly what it says on the tin. EA means JUST EA...no aggregates of any sort.

Good stuff!

Pretty good company to work for! One of my old businesses used to organize 350+ fresh smoothies for them every Friday. We didn't make them, just procured them...part of ongoing services for them. Barstarts used to have Heinekens in the fridge for Friday evening, too. Not bad perks for a bunch of nerds! :nerd:

Nice gig, brother!

Been in and out twice in the last two weeks. Real fliers though, because I'm slammed elsewhere, too. Honestly...hoping not to have to...going to be mad, but: if I have to go again...I'll make a week out of it. Day fishing and pints please, guv!

Spineless fak didn't even have the guts to put one in his own head! Now how many fakking millions are going to be spent on the piece of utter shit? Should have been shoot to kill orders issued.

Damn dude...you're an addict!

indeed, charging my cattle prod as we speak

yeah , get in touch if you're back over -- and we'll raid the google booze fridge

good w/e bro , catch you later

Hey brother,

Congrats on the interview!!! Really hope it works out for you...that would be fantastic! Will keep the fingers crossed for you.

Ugh...glasshouse in 37º just doesn't sound right at all!

Is the gig in Lisboa?

book the ticket bro

http://news.bbc.co.uk/1/hi/england/london/8150364.stm

Will for certain, brother.

Good chatting, mate...stay well.

And maybe learn some Russian. The geezers that make sure you pay might appreciate it!

For Ken Bro & chazzle,

I'm focus Trade in GU/USD and EU/USD only... and NOT follow Another Pairs.

Try give INFO... for Support make analyze Another Pairs.


Multi Pairs FX in Bar Trend :
Dynamic Trend : Looking for Any Pairs Trends, from H4 to M1 time frime.
Daily Dynamic : Looking for Any Pairs Trends, from D1 to D4 time frime.

@ FRIDAY July 20, 2012 (After Market Closed)
------------------------------------------------

Notice :
These Screenshoot, I use H1 time frime EURUSD Pair.

hey junkiesssssssssss

read this and lets see if we can apply it to forex

which 2 pairs to hedge and what the butterfly will be

Hedging with Butterfly Put Spreads

In times of a declining market and rising volatility, it can be hard to dish out the higher costs of put option premiums. One way to do this more cost effectively is to purchase something called a butterfly put spread. The good is that these spreads will cost you much less (especially in times of rising volatility) than purchasing just put options, however the bad is that these limit the potential gains (or protection) AND if the market or equity drops too much in value you could still lose your premium paid just as if the the market or equity didn't drop enough for the spread to pay off. I will give you an example in this article using a major index ETF. This article is for educational purpose only I am not recommending buying or selling anything mentioned.

Hedging an entire portfolio with out of the money butterfly put spreads:

The market is up over 15% since late August, so it may be worth looking at buying some protection. First I will have to develop targets: how much I am willing to lose before my protection kicks in, how much I want to hedge, and the time period I want to hedge for. The more and longer that I choose to hedge, the greater the cost.

Let's say I can stomach losing 5% from the current market levels and I think the market is due for a 15% pull back from current levels over the next 2 months. I would then use these targets to develop my option strategy.

Step 1: Using the very popular, very liquid S&P 500 SPDR ETF (SPY) I would purchase the January 114 put options. Note how I got the 114 strike put option. I stated I can withstand declines of 5% from current market levels (at the time of this writing SPY is at 120.29), so a 5% decline from here would put the SPY at roughly 114.

Step 2: I would then sell TWO contracts for every ONE purchased of the SPY January 102 put options. Note how I got the 102 strike put options. I stated I expect a total decline of 15% from the current levels near 120 on the SPY which comes out to 102.

Step 3: I would then purchase the January 90 put options. Note how I got the 90 strike put options. This is just the difference of the contracts in step one and two subtracted from contract in step two. In this case the difference is 12 so we take 12 and subtract it from 102 which gives us 90.

As of current market data each spread can be purchased for $108. If I were to just purchase put options it would cost $173. If the market in fact sells off this would give me protection from roughly 1,140 down to 1,020 on the S&P 500. The maximum profit from this spread would occur if the SPY closed at 102 per share on January options expiration. This would return $1200 per spread or a return of 1,111%. The most that can be lost from this spread is the premium paid of $108, and would result if the SPY closed at or above 114 per share or at or below 90 per share on January options expiration. The two break even points would be the SPY at 112.92 and 91.08 on January options expiration. Commissions were not factored in the calculations above.

This completes the butterfly put spread. Note for safety and saving on transaction costs it should not be done as shown above in three different steps. Most brokerages today have a butterfly put spread order entry form. If they do not I suggest using a two part put spread approach which every brokerage should certainly have. Using put spreads I would first get long the 114/102 put spread, and then get short the 102/90 put spread. This is the exact same spread and should only be entered if brokerages do not offer butterfly put spreads. To learn more about options in general or to get a better understanding of stock options and different option strategies please check out my Simplified Stock Option Trading E-Books. If one has a more tech heavy portfolio it may be a better idea to structure a butterfly put spread using the PowerShares QQQ ETF (QQQQ). If small cap stocks are a holding in the portfolio one should also consider opening butterfly put spreads on the iShares Russell 2000 Index ETF (IWM).
These are just examples and are not recommendations to buy or sell any security; if you're more bullish/bearish, you’ll want to adjust the strike price and expiration accordingly.
The reason option volumes have surged in the last five years is because they are a great way to hedge your portfolio as well as create income off of your shares (see chart here). Keep in mind when using this strategy it is essential that broker commissions are low enough to profit from the position.

This WAY in #231323
Recommend from Ones my Best friend & the First time who given my Way about TRADE. I never Forgot it...
Feeling FREE. Use http://www.microsofttranslator.com/ better than Google Translate, Bro.

Oh... make me Remember, I missed her so much

no