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The Really Useless Thread

  • #133,621
  • Apr 14, 2015 8:09pm Apr 14, 2015 8:09pm
Quoting The Fool
{quote} http://allstarcharts.com/truth-behin...y-and-go-away/ About this .................... seasonal trading. Lots of those seasonal trades are underpinned by quite plausible fundamental considerations and can be backed up with good (high percentage) win rates. These days, though, the markets are run by the Central Banks, so I'd check with them first before I sell, or go away, or do almost anything else....
and robots to be sure.

I have a theory as to why the 50% rule & fibs work so well....and the robots are at the very core of this theory. Not be confused with a thesis, as I'm a better reader than a writer

Suppose the summer trading phenomenon is true, it stands to reason that the only traders left are automated -or at least a larger chunk....perhaps we will see the fibs/apple trades recur more often or with higher accuracy, being that they are grounded in mathematics much like a robot trading must be. Looking forward to this summer.
  • #133,622
  • Edited 8:54pm Apr 14, 2015 8:44pm | Edited 8:54pm
I know you're watching this Hatch....sure is playing both sides of the fence isnt it

Recognize that bottom number Mr. Scott?
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  • #133,623
  • Apr 14, 2015 9:19pm Apr 14, 2015 9:19pm
Quoting sisse
...and we rolled. Nothing new for todays roll. 1.062x naked for the Asian and European opening session but not much to do here until ECB. Map pretty much clear for tomorrow conference... sisse
We're usually on the same page as far as the main levels to watch etc. Get the feeling you think I'm just another idiot... you're probably right about that Anyway, wish u well
  • #133,624
  • Apr 14, 2015 10:24pm Apr 14, 2015 10:24pm
Quoting Pharm0r
I know you're watching this Hatch....sure is playing both sides of the fence isnt it Recognize that bottom number Mr. Scott? {image}
May I ask which level is 50%. Thanks
  • #133,625
  • Apr 14, 2015 10:31pm Apr 14, 2015 10:31pm
Quoting Pharm0r
Suppose the summer trading phenomenon is true, it stands to reason that the only traders left are automated -or at least a larger chunk....perhaps we will see the fibs/apple trades recur more often or with higher accuracy, being that they are grounded in mathematics much like a robot trading must be. Looking forward to this summer.
Almost all of the volume in the equity, futures and forex markets is algorithmic HFT. If you can get a step ahead of all that noise, be sure to share your secrets here.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #133,626
  • Apr 14, 2015 10:42pm Apr 14, 2015 10:42pm
Quoting Rockerzeus
{quote} May I ask which level is 50%. Thanks
all time high to all time bottom
  • #133,627
  • Apr 14, 2015 10:46pm Apr 14, 2015 10:46pm
Quoting The Fool
{quote} Almost all of the volume in the equity, futures and forex markets is algorithmic HFT. If you can get a step ahead of all that noise, be sure to share your secrets here.
Im sure you already know this...

but the guys that make those algos in institutions get paid much much more than the guys that trade in institutions. and all of them make much much more than me.

but- we'll see how it works out this summer. If I make more than I did the first 4 months, then obviously I'll decide that it's because of my superior knowledge and put my resume in for GS

Actually- the bet would be that fib numbers naturally pop up in mathmatics, and being that I trade 90% based on fib ratios....theoretically I should hit more often if there is less flesh & bones noise.

Sounds good anyway
  • #133,628
  • Apr 14, 2015 10:57pm Apr 14, 2015 10:57pm
Quoting Pharm0r
{quote} all time high to all time bottom
it gives 1.2131 which is not on your chart
  • #133,629
  • Apr 14, 2015 11:08pm Apr 14, 2015 11:08pm
Quoting Rockerzeus
{quote} it gives 1.2131 which is not on your chart
both numbers are part of the same fib

the ones pictured aren't 50%

the "mf'er" wasnt reffering to mofu or mid. Just plain-jane mother fucker.

It has been the site of more than one reversal
  • #133,630
  • Apr 14, 2015 11:08pm Apr 14, 2015 11:08pm
Morning all...little hard presed to mention anything interesting, charts seem crapish just now...maybe some support in the EU at 1.0557 worth some longs, but thats about it...gl to all...
Look Sharp/Trade Tight
  • #133,631
  • Apr 14, 2015 11:12pm Apr 14, 2015 11:12pm
Quoting PayTheLimit
Morning all...little hard presed to mention anything interesting, charts seem crapish just now...maybe some support in the EU at 1.0557 worth some longs, but thats about it...gl to all...
Good morning! annnnnd Good night. You can take over now
  • #133,632
  • Apr 15, 2015 12:22am Apr 15, 2015 12:22am
gonna work some bids in cable at 1.4700, risk 12, try for 1.4790....out of the office today, catch you all later...PTL
Look Sharp/Trade Tight
  • #133,633
  • Apr 15, 2015 1:40am Apr 15, 2015 1:40am
Quoting Pharm0r
{quote} both numbers are part of the same fib the ones pictured aren't 50% the "mf'er" wasnt reffering to mofu or mid. Just plain-jane mother fucker. It has been the site of more than one reversal
Thanks now its OK.
  • #133,634
  • Apr 15, 2015 3:22am Apr 15, 2015 3:22am
Partialed again a bit earlier...going flat now...where it sits.
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...annnnnnnnnd...flat.

No direct re-load...but full lot waiting at .7533

Play safe.
  • #133,635
  • Apr 15, 2015 3:42am Apr 15, 2015 3:42am
Quoting Pharm0r
I know you're watching this Hatch....sure is playing both sides of the fence isnt it Recognize that bottom number Mr. Scott? {image}
Do you see the boxes contracting?

Flat as a flunder before. If it goes the way of all flesh, I can re-enter at 05799/80 later.
  • #133,636
  • Apr 15, 2015 3:55am Apr 15, 2015 3:55am
Quoting sisse
...and we rolled. Nothing new for todays roll. 1.062x naked for the Asian and European opening session but not much to do here until ECB. Map pretty much clear for tomorrow conference... sisse
As suspected Europe test 1.062x [and quickly lost it] in a rather strong opening range. Back to square one to the key, all week long 1.058x, for the ECB conference.

Session pretty much killed after that quick move. Nothing to see until the conference...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,637
  • Apr 15, 2015 4:29am Apr 15, 2015 4:29am
Quoting sisse
{quote} As suspected Europe test 1.062x [and quickly lost it] in a rather strong opening range. Back to square one to the key, all week long 1.058x, for the ECB conference. Session pretty much killed after that quick move. Nothing to see until the conference... sisse
Seems it is going back again to test 1.066x?
  • #133,638
  • Apr 15, 2015 4:31am Apr 15, 2015 4:31am
Quoting Mr Hatch
{quote} Do you see the boxes contracting? Flat as a flunder before. If it goes the way of all flesh, I can re-enter at 05799/80 later.
Holding s for the fat lady here.
  • #133,639
  • Apr 15, 2015 4:33am Apr 15, 2015 4:33am
Quoting palinco
{quote} Seems it is going back again to test 1.066x?
nope really in this session.... is nothing to see now until the ECB.

Swing leg starting line so pretty much all micro levels are useless until the go ahead...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,640
  • Apr 15, 2015 4:37am Apr 15, 2015 4:37am
Quoting sisse
{quote} nope really in this session.... is nothing to see now until the ECB. Swing leg starting line so pretty much all micro levels are useless until the go ahead... sisse
Ok, thanks.
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