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The Really Useless Thread

  • #140,401
  • May 12, 2016 12:22pm May 12, 2016 12:22pm
Quoting sisse
{quote} They opened pandoras box in the way they proposed the Referendum. They allowed the populist and right wing of the Tory party and the UKIP (similar to the Tea party in US) to hijack the vote and get the upper hand. They spent all political capital in the last 5 years trashing all potential allies in Europe for reforms (for in or out), edging the UK in Europe with Fascist and extreme nationalistic parties....a recipe for disaster and no change but going backwards in time whatever the outcome of the vote. They haven't proposed one single...
Its actually absolutely unbelievable to see whats going on in EU. From a view of political realism: classical political elite is uncapable to penetrate the voters with its concepts of public goods and in the eyes of rising populism they use the instruments of populists = at first sight easy play but in the end you pay the price because you cannot win over populist if you use their methods!!! One of populist instruments is referendum performed under recent conditions. First case was greece. Referendum as an absolute fail of the political elite, which in the end violated the whole thing and thus basically killing the underlying idea of democracy. And brexit is the same as it comes to the size of political fail. Only difference is that this has the capability to kill the integration, which is just barely holding - given all the other problems.
  • #140,402
  • May 12, 2016 12:28pm May 12, 2016 12:28pm
Quoting The Fool
{quote}...more than once I wondered who that is?
actually, I think its milton friedman. lol, its being said he had a wife who was much more talented economist than him but killed her talent by his oven being said by our economics teacher who knew her
  • #140,403
  • May 12, 2016 12:43pm May 12, 2016 12:43pm
Quoting The Fool
{quote}...more than once I wondered who that is?
Quoting chester123
{quote} actually, I think its milton friedman. lol, its being said he had a wife who was much more talented economist than him but killed her talent by his oven being said by our economics teacher who knew her
Indeed Friedman ... Keep in mind that I am referring at the core Economic concepts on freedom and free markets not at his political views (just in case you will think i am super extreme right wing bastard ...je je je ...

...min 3:50 to get the core point ....

Inserted Video


or this classic
Inserted Video


I will have to change the profile photo now that he has uncovered ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,404
  • May 12, 2016 12:47pm May 12, 2016 12:47pm
Google image search uncovered him long long ago sisse

https://www.amazon.com/dp/B00JBNTWA6...=ILWHOENBQ3YLU

this has been sitting in my kindle for awhile
  • #140,405
  • May 12, 2016 12:54pm May 12, 2016 12:54pm
Quoting sisse
{quote} {quote} Indeed Friedman ... Keep in mind that I am referring at the core Economic concepts on freedom and free markets not at his political views (just in case you will think i am super extreme right wing bastard ...je je je ... ...min 3:50 to get the core point .... https://youtu.be/3HkrEC0JNGs I will have to change the profile photo now that he has uncovered ... sisse
when it comes to 3:50 and the profile picture I would go for the father of the comparative advantage. you may be called proto-marxist with that but basically anyone prior to french revolution is basically immune to being left-right wing bastard. only after the revolution this whole political madness unraveled
  • #140,406
  • Edited 1:39pm May 12, 2016 1:19pm | Edited 1:39pm
Next round of moves coming so a quick pending final update from the iterations. I think it was a good social exercise in a neutral range and lots of people seem to have a short Eureka!!! moment on how to see patience, timing and especially how to (NOT TO) trade a Neutral outlook from a bit different angle than just pure TA blind setups.

In any case, here is the final standing table with the 5 iterations adjusted to the number of trades.

Attached Image (click to enlarge)
Click to Enlarge Name: Standing TableMay.png Size: 493 KB


I'll try to move to another set of iterations in the upcoming weeks for the next round of basic issues ...Well done to the top 8 and especially to Imarich1 (that supposedly was lost in translation ...je je je you kicked ass ... maybe its just about some set of rules for risk, management and time, discipline and self-confidence in the analysis....)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,407
  • May 12, 2016 1:49pm May 12, 2016 1:49pm
I changed my mind about waiting for the next iterations. I think there is a better opportunity to keep in synch with the market to open the table right now at the same level...

+++++Opening table for the rest of May swing Iteration+++++


--> Question 6: How would you trade a live short term swing?

This iteration is the first REAL live trading set variation, a simple R:R in play for opening the discussion on money getting caught in the wrong side short term ...

++++Currently Euro is trading at the never ending flip 1.138x++++


--> Choose your poison ASAP for the ROLL. All the previous traders please jump in to have a larger set of iterations. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all.

Only 2 options for this simple iteration. No time limit:

-> LMT BUY 1.138x -> TP1 => 1.148x | STP => 1.133x | max r:r -=> 2:1



-> LMT SELL 1.138x -> TP1 => 1.128x | STP => 1.430x | max r:r -=> 2:1



sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,408
  • May 12, 2016 1:51pm May 12, 2016 1:51pm
Quoting sisse
Next round of moves coming so a quick pending final update from the iterations. I think it was a good social exercise in a neutral range and lots of people seem to have a short Eureka!!! moment on how to see patience, timing and especially how to (NOT TO) trade a Neutral outlook from a bit different angle than just pure TA blind setups. In any case, here is the final standing table with the 5 iterations adjusted to the number of trades. {image} I'll try to move to another set of iterations in the upcoming weeks for the next round of basic issues...
thx for the exercice mate , sure added value
Get Rich or Die Tryin
  • #140,409
  • May 12, 2016 1:53pm May 12, 2016 1:53pm
Quoting sisse
I changed my mind about waiting for the next iterations. I think there is a better opportunity to keep in synch with the market to open the table right now at the same level... +++++Opening table for the rest of May swing Iteration+++++ --> Question 6: How would you trade a live short term swing? This iteration is the first REAL live trading set variation, a simple R:R in play for opening the discussion on money getting caught in the wrong side short term ... ++++Currently Euro is trading at the never ending flip 1.138x++++ --> Choose your poison...
I am already in that one with stops @1.133x also but I did have a higher TP anyway put aside my actual trade ....
LMT buy 1.138x
Get Rich or Die Tryin
  • #140,410
  • Edited 2:57pm May 12, 2016 1:55pm | Edited 2:57pm
Per request Neutral open ...

IN

-> LMT BUY 1.138x -> TP1 => 1.148x | STP => 1.133x | max r:r -=> 2:1

hoom

NMZee

chronical

build11

Replicant

Neutral (doesnt make much sense R:R with this map so for the sake of the argument I will give you the IN neutral) time limit 3 days

No touch - 1.133x -> | 1.1433x | max r:r -=> 1:1 (only)

IMARICH1

Pharm0r


-> LMT SELL 1.138x -> TP1 => 1.128x | STP => 1.430x | max r:r -=> 2:1

sanvulture

Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,411
  • May 12, 2016 2:03pm May 12, 2016 2:03pm
Quoting sisse
Thanks hoom... IN -> LMT BUY 1.138x -> TP1 => 1.148x | STP => 1.133x | max r:r -=> 2:1 hoom -> LMT SELL 1.138x -> TP1 => 1.128x | STP => 1.430x | max r:r -=> 2:1
ok, lets do it. I go for buy
  • #140,412
  • May 12, 2016 2:04pm May 12, 2016 2:04pm
Limit buy for me... Thanks!
  • #140,413
  • May 12, 2016 2:07pm May 12, 2016 2:07pm
euro is flirting with the lows again and with more conviction on inertia play to lose 1.139x for the roll , we shall see in few although I am a buyer as stated in the exercice.
Get Rich or Die Tryin
  • #140,414
  • Edited 2:57pm May 12, 2016 2:13pm | Edited 2:57pm
"maybe its just about some set of rules for risk, management and time, discipline and self-confidence in the analysis....)"

Thanks sisse! Appreciate it. Maybe it is all the above.......I am learning though......but, you have indicated you have loaded up on positions for the news flows.....I am not confident to load up or even make a trade.

I am waiting on the CLOSE of the WEEKLY chart to see if we close below .138X which is the SHORT TERM FLIP. We are still in NEUTRAL OUTLOOK on EU and definitely at the center of the Daily range (.161X to .121x) and you shouldn't SELL INSIDE. You SELL from the Extreme to target NOT Center. However, the WEEKLY chart shows we are closer to the EXTREME 1.16XX to .05XX (range) if you used this chart for this purpose. Not sure you would.

But, Daily shows the past weeks of doing this exercise that we are at the Center of range.

The twist to your iteration is we are close to closing below the FLIP area which may hold a different set of rules and if the MONEY is on the wrong side (BUY-in my opinion); then, this will accelerate the move quickly from .138X to .128X.

I would like to see the DOLLAR break 94.44 and close the WEEK there........

Honestly, there should be 3 options as NEUTRAL is a good place to be right now too. I need to see where we close and would rather wait to see WEEKLY close before taking a position.......

As you can see, I may be leading the board but not confidently.

EDIT*** And, most importantly we have NEWS tomorrow that could be a MOVER and SHAKER as well....

I guess my position is NO POSITION at the Moment. Sorry to disappoint you but I can't take a REAL trade here. Not enough info for me yet.
  • #140,415
  • May 12, 2016 2:15pm May 12, 2016 2:15pm
Quoting sisse
Thanks hoom... IN -> LMT BUY 1.138x -> TP1 => 1.148x | STP => 1.133x | max r:r -=> 2:1 hoom -> LMT SELL 1.138x -> TP1 => 1.128x | STP => 1.430x | max r:r -=> 2:1
Hello Sissie.
I will go long at 1380.
Thanks.
  • #140,416
  • May 12, 2016 2:22pm May 12, 2016 2:22pm
I'm still on the lmt sell side.
  • #140,417
  • May 12, 2016 2:27pm May 12, 2016 2:27pm
Guys, for this exercise, do i have to actually place a lmt order in live to choose a side or can i just choose a side without actually trading it?
bcoz the 50 pip SL for $1=1 pip trade, violates the 2% SL for my account balance..
Dont trade like me..
  • #140,418
  • May 12, 2016 2:33pm May 12, 2016 2:33pm
agreed, should always be a neutral position

dont place live if it violates your rules . i havent live traded any of these... good thing too!
  • #140,419
  • May 12, 2016 2:40pm May 12, 2016 2:40pm
Hi, Sisse.. im on lmt sell side..
Wise decisions are based on lies we living..
  • #140,420
  • May 12, 2016 2:41pm May 12, 2016 2:41pm
Quoting Pharm0r
agreed, should always be a neutral position dont place live if it violates your rules . i havent live traded any of these... good thing too!
Thanks..
i choose.... Sellmander.. i mean, sell..
Dont trade like me..
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