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Discovering An Edge

  • #221
  • Jun 29, 2015 3:27pm Jun 29, 2015 3:27pm
Quoting kprsa
imho e/u is a bull trap. the most likely scenario is sharp fall. orders from oanda: {image}
To be noted is that many retail traders (which to me represent small uninformed speculators) have the same opinion. This is usually a bad sign, if the majority of little guys is selling, the price can proceed higher. So I'll keep a tight stop and monitor the price action...

k

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  • #222
  • Jun 29, 2015 3:33pm Jun 29, 2015 3:33pm
nice and great title "discovering an edge"
we don't predict, we only ride
  • #223
  • Jun 29, 2015 4:23pm Jun 29, 2015 4:23pm
Quoting vlady1974
{quote} Ok, I'm in. Long AUDCAD 9513.1, target undecided Long AUDNZD 11211.2, target 11477 (revised from 11482)
AUDCAD closed for +10, the other at BE. +107 for the day
A pip is only worth it if you know how much you risked to earn it
  • #224
  • Jun 29, 2015 6:52pm Jun 29, 2015 6:52pm
Quoting vlady1974
{quote} AUDCAD closed for +10, the other at BE. +107 for the day
I think the fun could just be beginning...
Awesome pip count for a monday!
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  • #225
  • Jun 29, 2015 11:52pm Jun 29, 2015 11:52pm
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Pending overnight long triggered.
AUDNZD bought on breakout @ 11233, SL now at 11245
Â
A pip is only worth it if you know how much you risked to earn it
  • #226
  • Jun 30, 2015 12:07am Jun 30, 2015 12:07am
Quoting LITEchild
{quote} I think the fun could just be beginning... Awesome pip count for a monday! {image}
Cheers matey! Hoping for more pippage away from EUR drama.
ACAD does look that way, Daily Equivalents Board shows AUD strength against CAD at early stages!
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A pip is only worth it if you know how much you risked to earn it
  • #227
  • Jun 30, 2015 12:16am Jun 30, 2015 12:16am
Quoting vlady1974
{quote} Cheers matey! Hoping for more pippage away from EUR drama. ACAD does look that way, Daily Equivalents Board shows AUD strength against CAD at early stages! {image}
I'm in, long AUDCAD @ 9519.9, target 9634.9, SL -50
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A pip is only worth it if you know how much you risked to earn it
  • #228
  • Jun 30, 2015 12:24am Jun 30, 2015 12:24am
EURCAD has potential 
 
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A pip is only worth it if you know how much you risked to earn it
  • #229
  • Jun 30, 2015 12:27am Jun 30, 2015 12:27am
Quoting kprsa
{quote} To be noted is that many retail traders (which to me represent small uninformed speculators) have the same opinion. This is usually a bad sign, if the majority of little guys is selling, the price can proceed higher. So I'll keep a tight stop and monitor the price action... k {image}
I agree with this K, but for the fun die reason of rebalancing portfolios. My friend is a portfolio manager and he says he does it for month end, so the EUR drama is clearly affecting it.  EUR stocks hedged against currency.
A pip is only worth it if you know how much you risked to earn it
  • #230
  • Jun 30, 2015 1:22am Jun 30, 2015 1:22am
Quoting vlady1974
{quote} I agree with this K, but for the fun die reason of rebalancing portfolios. My friend is a portfolio manager and he says he does it for month end, so the EUR drama is clearly affecting it. Â EUR stocks hedged against currency.
Good to know, thanks!
k
  • #231
  • Jun 30, 2015 2:00am Jun 30, 2015 2:00am
Short EJ 136.62
  • #232
  • Jun 30, 2015 2:00am Jun 30, 2015 2:00am
short GU 1.5698
  • #233
  • Jun 30, 2015 2:18am Jun 30, 2015 2:18am
Bought e/u, feeling suicidal. The premise is, paraphrasing Mingary, that the purpose of the financial instrument is to create maximum financial damage to a majority of participants. Looking at my broker's order book e/u is oversold, this point of maximum damage is around 1.125, and there is typical london open reversal pa at play. Stops tight.
k

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  • #234
  • Jun 30, 2015 2:20am Jun 30, 2015 2:20am
EJ 122 off +10
  • #235
  • Jun 30, 2015 2:25am Jun 30, 2015 2:25am
Ej TS hit +6
  • #236
  • Jun 30, 2015 2:26am Jun 30, 2015 2:26am
Igindex is down have no way of telling what's going on
A pip is only worth it if you know how much you risked to earn it
  • #237
  • Jun 30, 2015 2:31am Jun 30, 2015 2:31am
Quoting kprsa
Bought e/u, feeling suicidal.{image}
sl@be. free ride.

k
  • #238
  • Jun 30, 2015 2:34am Jun 30, 2015 2:34am
Quoting vlady1974
Igindex is down have no way of telling what's going on
got on train and it comes alive! +79 on the tableNew longs GBPCAD @ 19468 & 19483
A pip is only worth it if you know how much you risked to earn it
  • #239
  • Jun 30, 2015 2:36am Jun 30, 2015 2:36am
Quoting kprsa
{quote} sl@be. free ride. k
I love free rides!Board shows EU strength today K so I think you could be in for a good move.
A pip is only worth it if you know how much you risked to earn it
  • #240
  • Jun 30, 2015 2:38am Jun 30, 2015 2:38am
Quoting cakrajaya
nice and great title "discovering an edge"
Cheers Matey!An Edge by my definition is the probability of one occurrence over another occurrence. :-)
A pip is only worth it if you know how much you risked to earn it
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