The Really Useless Thread

Wasn't sure if I was going to hold over the weekend, but that close was damn decent, so I kept.

I see you.

Hi everyone, newbie trader here

Just trying to learn the ropes and it seems that this is the thread with the most useful tips. I hope to learn a lot here, it is sometimes difficult to understand but I hope over time I will understand most of it.

Hatchy, Hatchy,


you have really bad habits, and now it gets annoying.........


I have not talked to you since weeks or months, and all of a sudden you chose to set me on ignore. And now again, like at some occasions in the past, you chose to provoke or harass me, being hostile (without me knowing what the fuss is about).


Since you chose to set me on ignore, I did you the same favour. So all could have been good and......... quiet.


But again: you choose to harass/provoke me. Reason for that? Are you frustrated? Can I help the drama queen?


If not, simply ignore me again, so I will ignore you (until you start to harass me again and someone tells me).


Have read enough of your postings in the past as to come to the conclusion, that you simply do not offer any value here. Instead you choose to play the cool lingo using guy.

So all in all I have no extraordinary loss here in ignoring you. So I beg you to even ignore me and stop harassing me.


Deal?

And if you feel the need to vent a bit, feel free to send me an email, since you surly have my email address still. But keep this place clean.

Remember:

http://www.forexfactory.com/userguide.php#membership

First , 2 thumbs up for that post. Increasing the level of the argument cannot only make these boards better but we all may learn a few things in the process.

Second, for the real deal (je je je). This is going to be a long post so I may split it in a couple of them.

You argument can be analysed from 2 completely different views: One is the academic/economics point of view and the other from a trading point of view. I am going to just quickly cover the first one because we may get too much in details, bored to dead in the technical parts and without much to apply for real trading so.

1. Academic/Economics point of view

​I don't know your backrgound (i don't think you are an economist or related) but i reply to your post the other day in the same line. Let me give you a couple of points with my view:

1. I think you are making a few basic mistakes in your approach on how to evaluate correlations and the level of abstraction you need to have to understand and analyse macroeconomic interrelation. There is a big difference in the level of abstraction you need when you research a Science and when you research Social or Liberal arts, etc issues. Simple example:

    

   1. If you ask a Mathematician (as a random of example of science) what is 2 + 2 and he/she will tell you 4 or what is the value of PI it will tell you 3.14159265359 period.
   2. If you ask the same question to a social researcher (random example of non scientist) it will go for an essay of 6 pages explaining why 2 and numbers in general are social construction that cannot by disambiguate without the historical and cultural roots of the person who ask the question, etc etc, etc ...and after 6 pages it will conclude is RELATIVE and cannot be answer with certainty...

   
   

1. However if you ask:
   

    

   1. to the scientist what his techincal opinion on Picasso painting, he/she will go and say there is not prefect geometrical perspective neither perfect contrast of colours, etc etc, etc and after 5 minutes of "scientific" mumbo jumbo will tell you that is rubbish.
   2. to and artist and he will tell you MASTERPIECE and GENIUS period.

   
   

1. My point with this random example is that you NEED a certain level of abstraction for sciences in order to build complex model on top. Imagine scientific progress with scientist expending 10 years discussing the cultural validity of the number 2 !!!!...
   

    

   1. Economist when they analyse correlations and/or forecast MUST and NEED to use some abstractions in order to develop complex models and policies, etc. I am not going into a lot of details but in order to analyse the correlation in your charts you need a ECONOMETRIC REGRESSION.
   2. Econometrics is probably one of the few areas in Economics that is very scientific and technical. It's far from perfect (as any other scientific knowledge) but uses a complex set of statistical tools to show correlation and interrelation and forecast of variables in a series of time like in your charts. It's complex, technical, dull and definitively not too easy to just chat around in a forum in a few lines.

   
   

In conclusion, what you are doing with your charts is a nice visual idea of how two variables can be put together in a static chart but sadly (please don't get me wrong) is not how things are analysed when you do Econometrics and has, sadly, 0 validity from a proper Academic/Economics point of view.

If you are interested, I am pretty sure you can learn the basic in econometrics and start doing some research (i haven't meet a person yet that like this for fun or as hobby but if you really like) but let me warn you that its long boring and not easy (usually a couple of semester in UNI and a 1 or 2 years to proper mastered in a Master level).

Now for what we really are here:

2. From a trading point of view

...i will continue later because here is the meat of the discussion and will address some of your points in your charts and answer some of the questions I have received via pm lately about the same...

sisse

Candle Support dude...

Check it on the Monthly!



I'd bust out a 5s chart for ya...but, I'd need a few pages for that one.

Seriously?

With all due respect, cause I love the both of ya's...either throw down proper or quit the fucking hissy fits!!

Really, I feel a little embarrassed for the pair of ya!

Of all the different methods, trades like this are my favorite. Simplicity at its finest... The ones to the pip fucking rock, and good lord do they pay well (when they work). Risk 5 for min 20 and potential 450+, fuck yeah.

When I finally get my shit together and learn to make a bot, my first will be something -attempting- to catch these.

Sisse.

Looking forward to the trading part.

http://www.nytimes.com/2015/05/01/bu...=1419773522000

Anyone wanna go?

Same optics applied to EURUSD...

Dragon - Failure level and Hidden Gap Zone.

Hi Magix what do you mean by Hidden Gap?

EU set up for the Longs I want to build on it, looking to hit next week 150 pips away to start. It's quite obvious, very nice looking resistance turned potential support....without even knowing what a mid and a mofu are, you'll see them clear as day on the H4.

Dunno dude...check it...

We seemingly tapped out on strength for resistance and might need a little more steam for a catapult to Yearly Open.

Does it have to fall back? Well, no...but beings how we haven't hit the summer session yet, I can see a little play possible before the next leg o the journey.

Just a thought...test support crack resistance fill the gap.

Theory of market...the books have to balance.

If there was a price bought, it must balance and be sold. Market Profile...

These areas occur when single sessions or single days trade an area that never was present for others. Everybody gets a chance to play the same money. When there is a hidden gap, the market begs to fill it...but will do so according to it's own clock.

Your chart is all f'd up bro.

It seems to me we expect the same thing....maybe there's a misunderstanding through text...

Guess this will be the freebie of the year- if anyone loses money on these it's not my fault!

and it's subject to change.....

That red 3/4 could also be a FU....but yearly open test does seem more likely. Mentioned we never tested it a few months ago....when hatch mentioned the same, or something in that nature

There ya go, Mr. Scott...

You've been voted off of the island!