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The Really Useless Thread

  • #131,861
  • Mar 20, 2013 4:45am Mar 20, 2013 4:45am
Quoting Gleneagles

trading can be simple , it is the bits that we add that makes things tough

to settle my nerves i will take an early lunch , the black limousine with tinted windows is not parked across the street anymore
Oh yes my friend the problem is that simplicity is in the eye of the beholder and simple doesn't mean easy.

Shooting a Basket or scoring a goal in football it is so fck simple. I sure do how to do it ...sadly it doesn't make me LeBron or Messi ... neither means that because is so simple to do it I can just go and play and do it consistently every day in and out for the Heat or Barcelona.... and that's the "level" where usually the money is in our field(sad and hard reality in our business)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,862
  • Mar 20, 2013 5:04am Mar 20, 2013 5:04am
Quoting sisse
Oh yes my friend the problem is that simplicity is in the eye of the beholder and simple doesn't mean easy.

Shooting a Basket or scoring a goal in football it is so fck simple. I sure do how to do it ...sadly it doesn't make me LeBron or Messi ... neither means that because is so simple to do it I can just go and play and do it consistently every day in and out for the Heat or Barcelona.... and that's the "level" where usually the money is in our field(sad and hard reality in our business)...

sisse
Yes, I agree ,it will never be easy.

My comment is motivated by my perception that the average trader will rather pick a complicated solution with lots of indicators/trendlines etc because it is probably human nature to look for a complicated solution to what is perceived to be a complicated problem. In the process , overlooking a simpler and often more obvious solution.

When you wear 3 watches , you never know what the right time is ??

In the end because trading is not an exact science , it will never be a black or white issue but some shades of grey.

I went the full circle , from quite simple in the beginning , to spaghetti junction charts and back again to simple PA with minimum "extras"

In the end we all have to find our "trading comfort zone" for me it is simplicity but hey..different strokes for different folks.

Late for lunch and skipping next level

bbl
" Never let the past hold the future to ransom "
  • #131,863
  • Mar 20, 2013 5:09am Mar 20, 2013 5:09am
One could get the idea that it's FOMC today...

See you later.
  • #131,864
  • Mar 20, 2013 7:04am Mar 20, 2013 7:04am
1 x 30
1 x 25

not real pretty but they worked
Attached Image (click to enlarge)
Click to Enlarge Name: ej_m5.gif Size: 25 KB
  • #131,865
  • Mar 20, 2013 7:28am Mar 20, 2013 7:28am
Eyes on Cable. Double play open. Tick of highs open a quick in and out to 1.533x (very tradable and tempted with this H4). To the other side 1.505x clear momentum down for a break play with the trend until FOMC...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,866
  • Mar 20, 2013 7:28am Mar 20, 2013 7:28am
Quoting AllyB
1 x 30
1 x 25

not real pretty but they worked
nobody will ask for a copy of the chart when you buy cocktails
" Never let the past hold the future to ransom "
  • #131,867
  • Mar 20, 2013 7:33am Mar 20, 2013 7:33am
Quoting Gleneagles
nobody will ask for a copy of the chart when you buy cocktails
i don't have a problem with that

stayed out on this last move ... it sort of surprised me and looked too much like "let's see if we can catch some fish with this baited hook"
  • #131,868
  • Mar 20, 2013 7:33am Mar 20, 2013 7:33am
Rumors /denials in charge of PA

Banks being sold or not sold

EY filled another level on spike in JPY and EU

Moscow must be flush with Euros now with all the fat cats returning "investments" before the news broke
They should use that money to bail out Cyprus
" Never let the past hold the future to ransom "
  • #131,869
  • Mar 20, 2013 7:34am Mar 20, 2013 7:34am
Quoting Gleneagles
nobody will ask for a copy of the chart when you buy cocktails
speaking of charts ... is that website still posting yours as theirs?
  • #131,870
  • Mar 20, 2013 7:36am Mar 20, 2013 7:36am
Quoting AllyB
i don't have a problem with that

stayed out on this last move ... it sort of surprised me and looked too much like "let's see if we can catch some fish with this baited hook"
i missed it as well but i am happy to sit it out

FOMC is not my favorite day to trade, whatever i can grab is a bonus
" Never let the past hold the future to ransom "
  • #131,871
  • Mar 20, 2013 7:38am Mar 20, 2013 7:38am
little 30 pip drive lower there... see they figured they'd do a shake out of the longs, but little did they know that i'd fcuked up and had three normal lot size positions short and was gonna take the loss at 2960... closed two out for a decent profit and one for a small loss...

not proud of it, but gotta smile...

done and done, coming back tomorrow with a fresh head...

have a good one...

edit- actually one for a decent profit, the other winner cancelled out the loss...

quails eggs for dinner at archie towers tonight me thinks...

gn and gl...
  • #131,872
  • Mar 20, 2013 7:38am Mar 20, 2013 7:38am
Quoting Gleneagles
i missed it as well but i am happy to sit it out

FOMC is not my favorite day to trade, whatever i can grab is a bonus
oh this is good

http://www.parliamentlive.tv/Main/Pl...eetingId=12781
  • #131,873
  • Mar 20, 2013 7:39am Mar 20, 2013 7:39am
Quoting AllyB
speaking of charts ... is that website still posting yours as theirs?
i have slowed down posting charts on the thread which must have annoyed them

hopefully they will find something else
" Never let the past hold the future to ransom "
  • #131,874
  • Mar 20, 2013 7:40am Mar 20, 2013 7:40am
After the bla bla ...now the real deal the numbers and they look very weak except on exports (obviously with sterling getting hammered) ...Osborne like always everything is the fault of the EuroZone .. GDP forecast don't lie ... conclusion from Osborn mediocre to bad numbers at best and in "pray/hope" mode for next quarter to turn around ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,875
  • Mar 20, 2013 7:46am Mar 20, 2013 7:46am
Quoting Gleneagles
i have slowed down posting charts on the thread which must have annoyed them

hopefully they will find something else
good to hear

who is this speaking?

http://www.parliamentlive.tv/Main/Pl...eetingId=12781
  • #131,876
  • Mar 20, 2013 7:47am Mar 20, 2013 7:47am
Quoting sisse
After the bla bla ...now the real deal the numbers and they look very weak except on exports (obviously with sterling getting hammered) ...Osborne like always everything is the fault of the EuroZone .. GDP forecast don't lie ... conclusion from Osborn mediocre to bad numbers at best and in "pray/hope" mode for next quarter to turn around ...

sisse
he opens his month and you short GDP

trying to figure out whether he is in denial and/or dumb and/or a politician

i agree....he should be delivering the budget from the kneeling position with his fingers crossed behind his back
" Never let the past hold the future to ransom "
  • #131,877
  • Mar 20, 2013 7:48am Mar 20, 2013 7:48am
Quoting AllyB
good to hear

who is this speaking?

http://www.parliamentlive.tv/Main/Pl...eetingId=12781

His name is Horsedrawn
" Never let the past hold the future to ransom "
  • #131,878
  • Mar 20, 2013 7:51am Mar 20, 2013 7:51am
Quoting Gleneagles
His name is Horsedrawn
come on ... is that Osborne?
  • #131,879
  • Mar 20, 2013 7:55am Mar 20, 2013 7:55am
Quoting Gleneagles
he opens his month and you short GDP

trying to figure out whether he is in denial and/or dumb and/or a politician

i agree....he should be delivering the budget from the kneeling position with his fingers crossed behind his back
Missed their own deficit target as expected. According to their forecast they will also avoid a triple dip (but have serious doubts), they want more free money and inflation from the BOE and more budget cuts....

In simple words, all the same that it hasn't work in the last 2 years ....I think this is the last chance. Failure on the next quarter and Osborne is out of job by the summer and Cameron better start moving the pieces before is too late or he will completely lose control of the Party...."thankfully"for them in the UK the media ignore the internal problems and the average Joe is not going to complain much until is really bad ...so same macro outlook for the year in UK.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,880
  • Mar 20, 2013 7:58am Mar 20, 2013 7:58am
Quoting AllyB
come on ... is that Osborne?
sorry....got it wrong...english is not my first language
" Never let the past hold the future to ransom "
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