Attachments: The Really Useless Thread

The Really Useless Thread

#110,001
Sep 7, 2012 8:11am Sep 7, 2012 8:11am

Venice
Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts

Quoting FibbinArchie

Disliked

martingale on roulette can be pretty lucrative, but as in trading, you must use stop losses...

problem is that the wheel and ball don't understand odds, each spin is a discrete event.. with less than 50% probability on each spin, no wonder casinos are so rich...

Ignored

Yep. I've tried MG'ing on black/red bets before. It's why the tables put in a maximum bet. Quickest 100$ down the tube ever

At least if you learn black jack basic strategy, you can stay at the table for a while a little longer than just going with your gut.

Been thinking of the next strategy on roulette... playing the 1/3 sections. Each time you bet on two of the three sections (pick the one that the ball didn't land on last time).

#110,002
Sep 7, 2012 8:12am Sep 7, 2012 8:12am

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Quoting FibbinArchie

Disliked

i figured it was one way traffic, lost 20 on the retrace to break out point, so i'm +20, -20, +20, +10 since the nfp release, net +30...

roulette, roll 'em baby...

Ignored

Nice done mate ...at least you got something out of it ....

Gold reaching final R for the break (1730.xx) and day will be over very soon after that.

Only trades left depending on NY opening range is profit taking but definitively not tradable in most key markets (oil the exception) as it will be on the gambling side of catching tops/bottoms on very high or low levels in trendy markets...

In the euro 1,280x is the only level I got in my charts to track for the roll....

sisse

Pending conversations? PM for a chat...I am mainly in OTM now

#110,003
Sep 7, 2012 8:15am Sep 7, 2012 8:15am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting sisse

Disliked

Nice done mate ...at least you got something out of it ....

Gold reaching final R for the break (1730.xx) and day will be over very soon after that.

Only trades left depending on NY opening range is profit taking but definitively not tradable in most key markets (oil the exception) as it will be on the gambling side of catching tops/bottoms on very high or low levels in trendy markets...

In the euro 1,280x is the only level I got in my charts to track for the roll....

sisse

Ignored

amen to that mate..
just finished my first glass of Smirnoff.. 11pm Sydney time

have a good weekend all..

cya next week..

#110,004
Sep 7, 2012 8:19am Sep 7, 2012 8:19am

godim
Joined Aug 2011 | Status: Trader | 4,005 Posts

Quoting godim

Disliked

I think this will be strong. 2778

Attachment

Ignored

That is resistance. Now just is good to break support in reverse order.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar

#110,005
Edited 8:34am Sep 7, 2012 8:21am | Edited 8:34am

FibbinArchie
Joined Apr 2010 | Status: Trader | 13,228 Posts

Quoting Venice

Disliked

Yep. I've tried MG'ing on black/red bets before. It's why the tables put in a maximum bet. Quickest 100$ down the tube ever

At least if you learn black jack basic strategy, you can stay at the table for a while a little longer than just going with your gut.

Been thinking of the next strategy on roulette... playing the 1/3 sections. Each time you bet on two of the three sections (pick the one that the ball didn't land on last time).

Ignored

trick is too wait for a string of say six red or blacks before you start putting chips down, but then like i said, each spin is a discrete event... better to do columns or rows as well imo.. ie, wait till a certain row hasn't come up for a while...

yeah or do the two bet system, but again you will always get a string of a certain row, so you have to use a stop loss and start over... that old money management chestnut...

#110,006
Sep 7, 2012 8:22am Sep 7, 2012 8:22am

FibbinArchie
Joined Apr 2010 | Status: Trader | 13,228 Posts

Quoting sisse

Disliked

Nice done mate ...at least you got something out of it ....

Gold reaching final R for the break (1730.xx) and day will be over very soon after that.

Only trades left depending on NY opening range is profit taking but definitively not tradable in most key markets (oil the exception) as it will be on the gambling side of catching tops/bottoms on very high or low levels in trendy markets...

In the euro 1,280x is the only level I got in my charts to track for the roll....

sisse

Ignored

yeah there's offers around here i reckon, gonna take a while to work through them, and potential for a retrace, but i still favour more upside today...

edit 2827 at a long stretch in e/u (wr3) for a cpl more consolidation break outs, it is friday and the ny day is still young, seen it play out like that before, but let's see...

#110,007
Sep 7, 2012 8:29am Sep 7, 2012 8:29am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,190 Posts

Quoting FibbinArchie

Disliked

just reading short term pa on eu and going on history, looks like it could be forming a cup for a coil to more up side, let's see, short term bias is long, till it ain't... my two..

Ignored

i don't know what it will do.. using 2008 as a reference.. the s/p is indicated st toppy. at the posted level. that and 20 bucks will get a small cup of coffee at Starbucks. of course the chart don't take into consideration qe. slippage will show that.. whether the indication is satisfied or not is up to the market. just givings a heads up on where 2008 had the s/p going in a single wave.. other then 2755 in the st and 2609 in the mt. i didn't have a euro target higher. still don't, still looking. maybe after a retrace.. the s/p is do for one. according to 2008 move. the question is how much slippage for me.

those who can, do. those who cant, talk about those who can

#110,008
Sep 7, 2012 8:32am Sep 7, 2012 8:32am

FibbinArchie
Joined Apr 2010 | Status: Trader | 13,228 Posts

Quoting gatorinla

Disliked

i don't know what it will do.. using 2008 as a reference.. the s/p is indicated st toppy. at the posted level. that and 20 bucks will get a small cup of coffee at Starbucks. of course the chart don't take into consideration qe. slippage will show that.. whether the indication is satisfied or not is up to the market. just givings a heads up on where 2008 had the s/p going in a single wave.. other then 2755 in the st and 2609 in the mt. i didn't have a euro target higher. still don't, still looking. maybe after a retrace.. the s/p is do for one. according...

Ignored

always dodgy when new significant info is getting priced in, large operators repositioning, etc...

#110,009
Sep 7, 2012 8:36am Sep 7, 2012 8:36am

FibbinArchie
Joined Apr 2010 | Status: Trader | 13,228 Posts

NQ pulling back...

#110,010
Sep 7, 2012 8:49am Sep 7, 2012 8:49am

FibbinArchie
Joined Apr 2010 | Status: Trader | 13,228 Posts

EURUSD knock, knock, knocking on resistance’s door

http://www.forexlive.com/blog/2012/0...istances-door/

Inserted Video

#110,011
Sep 7, 2012 8:56am Sep 7, 2012 8:56am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,190 Posts

Quoting FibbinArchie

Disliked

NQ pulling back...

Ignored

ej still 4 pips from target.. s/p still .19.. both excluding slippage. so eu has more room (will it go higher/ is unknown).. after ej and s/p reach.. then look, next week may be better.

those who can, do. those who cant, talk about those who can

#110,012
Sep 7, 2012 8:58am Sep 7, 2012 8:58am

FibbinArchie
Joined Apr 2010 | Status: Trader | 13,228 Posts

Quoting gatorinla

Disliked

ej still 4 pips from target.. s/p still .19.. both excluding slippage. so eu has more room (will it go higher/ is unknown).. after ej and s/p reach.. then look, next week may be better.

Ignored

let's see where the week closes...