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The Really Useless Thread

  • #142,741
  • Edited 4:38pm Aug 29, 2016 3:49pm | Edited 4:38pm

LAST CALL

+++++ Opening Iteration 19A +++++

Currently Euro trading @ 1.117x

" Retrace or Reversal PART II - Frustration, Price & Indicators"


SELL

Fisher755, primejarvis, nuts, ptoftangency, Earleone, Fadhl, RoelsMajor, goosebone, Pharm0r, eborn, suntan, CommercialB, clayey, chester123, RoelsMajor


Question 19A: We cleared the summer with a very vocal Yellen. How would you manage the remaining position?

a. "I am not sure until NFP. Better be safe than sorry" I will trail 1.13xx
b. "Nay. The party its just getting starter" I stay put for final targets
c. "Hikes hikes hikes up we go...Europe Europe Europe down we go" I am more bearish than ever finally we are set for parity 'adding' shorts 1.123x if hit -> to play double T2 & T3 shorts targets.
d. "Knee jerk reaction from Jackson completed. Cary trade will prevail till hikes are confirmed if ever !!!" I will play the 'reverso' @ 1.117x switching remaining positions to long targets.

suntan, Pharm0r trailling

goosebone, Earlobe, CommercialB stay put


---- ------

A quick update of the standing table (that was fck hard to track back ) A shout @ Chester123 in a solid and very consistent lead and performance .... We are about to open the last iteration this week. Only top 20 (final ranking will discount % of iteration play so its fair) from (amazingly from 96 and counting) will be invited to a bit of an experiment once we close the 20 iterations.

For now:

Attached Image (click to enlarge)
Click to Enlarge Name: tablecorrect.png Size: 700 KB


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,742
  • Aug 29, 2016 4:05pm Aug 29, 2016 4:05pm
is it a chance to join sisse's international hedge fund?

if not then who cares
  • #142,743
  • Aug 29, 2016 4:13pm Aug 29, 2016 4:13pm
Quoting Pharm0r
is it a chance to join sisse's international hedge fund? if not then who cares
Thats a good one! I Doubt it if I'm in the top 10 as I would have it closed after so long. Lol. Don't want me apart of it. Mine would be called an On the Edge Fund!
  • #142,744
  • Aug 29, 2016 4:13pm Aug 29, 2016 4:13pm
I go for B for now. And Sisse, Please correct username it is Earleone , You has it as Earlobe some places in the table and correctly Earleone other places
Trading in the shadow of SM
  • #142,745
  • Aug 29, 2016 4:14pm Aug 29, 2016 4:14pm
Quoting Pharm0r
is it a chance to join sisse's international hedge fund? if not then who cares
Well you are not that far ... I am thinking something big and disruptive...

sisse

PS: @Earleone ...autocorrect is a pain in the ass with usernames....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,746
  • Aug 29, 2016 4:34pm Aug 29, 2016 4:34pm
Quoting sisse
Question 19A: We cleared the summer with a very vocal Yellen. How would you manage the remaining position? a. "I am not sure until NFP. Better be safe than sorry" I will trail 1.13xx b. "Nay. The party its just getting starter" I stay put for final targets c. "Hikes hikes hikes up we go...Europe Europe Europe down we go" I am more bearish than ever finally we are set for parity 'adding' shorts 1.123x if hit -> to play double T2 & T3 shorts targets. d. "Knee jerk reaction from Jackson completed. Cary trade will prevail till hikes are confirmed if...
Don't think it won't rise before end of week & NFP but stop is @ 1.1380 which is a lot safer than trailing 1.1300, AND, we've already booked 100 ticks partial profit @ 1.1200 which more than covers the trade if 1.1380 is hit so ....

b."Nay. The party its just getting starter" I stay put for final targets

AND .. AMAZING work again sisse and thanks for your time, much appreciated!!!
The spoken word is your master, the unspoken word your slave.
  • #142,747
  • Edited 5:07pm Aug 29, 2016 4:56pm | Edited 5:07pm
Quoting IMARICH1
{quote} Thats a good one! I Doubt it if I'm in the top 10 as I would have it closed after so long. Lol. Don't want me apart of it. Mine would be called an On the Edge Fund!
...Humour in the face of adversity is a great positive in this (any) business, so keep it up and don't allow temporary setbacks de-rail your longer term goals, and as many others have expressed here in the thread I'm glad you're still here (btw I have made and am still making much worse trades than you and only low leverage has saved me each time so...don't give up! )

EDIT: ..AND I don't have FIFO to contend with either!
The spoken word is your master, the unspoken word your slave.
  • #142,748
  • Edited 5:15pm Aug 29, 2016 5:03pm | Edited 5:15pm
Sisse, I choose d.

d. "Knee jerk reaction from Jackson completed. Cary trade will prevail till hikes are confirmed if ever !!!" I will play the 'reverso' @ 1.117x switching remaining positions to long targets.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #142,749
  • Aug 29, 2016 5:55pm Aug 29, 2016 5:55pm
B for me. We will good NFP but I still don't see how can US hikes whereas the rest of the world is easing with es and negative rates and moving towards fiscal policy approach.
  • #142,750
  • Aug 29, 2016 6:11pm Aug 29, 2016 6:11pm
lmao @ earlobe
  • #142,751
  • Aug 29, 2016 6:17pm Aug 29, 2016 6:17pm
Sisse,
Or anyone else have thoughts on this.

After the rise in US Equities overnight, even after a possible rate rise in September is it possible equities are willing to absorb the rate rise and keep heading north.

With Expectations of a rate rise wouldn't markets have pulled back further. Or was Friday gone( Fed chair Yellen Speaks ) the time to trade expectations.
  • #142,752
  • Aug 29, 2016 7:18pm Aug 29, 2016 7:18pm
Sisse,

Dont give up on me. Look at my post here right before you posted your iteration. I want everyone to see on Aug 17 before you closed the table I answered Sell but you didn't put me in. It's ok. I get it. But I want you to read why I chose A and my questions about the soft roll. Thanks

CommercialB -appreciate the support and encouragement. Good luck to you!
  • #142,753
  • Aug 29, 2016 7:35pm Aug 29, 2016 7:35pm
Quoting sisse
{quote} Well you are not that far ... I am thinking something big and disruptive... sisse PS: @Earleone ...autocorrect is a pain in the ass with usernames.... sisse
reminds me of a conversation we once had.....:nerd:

Quoting Pharm0r
{quote} anything ever come of this?
  • #142,754
  • Aug 29, 2016 8:41pm Aug 29, 2016 8:41pm
Quoting sisse
LAST CALL +++++ Opening Iteration 19A +++++ Currently Euro trading @ 1.117x " Retrace or Reversal PART II - Frustration, Price & Indicators" SELL Fisher755, primejarvis, nuts, ptoftangency, Earleone, Fadhl, RoelsMajor,...
a. "I am not sure until NFP. Better be safe than sorry" I will trail 1.13xx
PVSRA
  • #142,755
  • Edited 9:52pm Aug 29, 2016 9:29pm | Edited 9:52pm
Those who chose A (pharmor, fisher, ptoftagency, suntan) can I ask if your decision on this was at all based on 116x as a st flip level? Like, if 116x is flip and St outlook is neutral, with news coming A makes much more sense to me than B. So I'm trying to figure out if I'm missing the bigger picture by using a different flip (lower) and because of that, by staying put with the trade, Im not actually trading to the inside as I intended but rather from the inside. Was torn between A and B because of this.
  • #142,756
  • Aug 29, 2016 9:43pm Aug 29, 2016 9:43pm
Quoting sisse
LAST CALL +++++ Opening Iteration 19A +++++ Currently Euro trading @ 1.117x " Retrace or Reversal PART II - Frustration, Price & Indicators" SELL Fisher755, primejarvis, nuts, ptoftangency, Earleone, Fadhl, RoelsMajor,...
Sisse

I'll take:

a. "I am not sure until NFP. Better be safe than sorry" I will trail 1.13xx

Why isn't Pharm0r on the ranked table?

Thanks
  • #142,757
  • Aug 29, 2016 10:28pm Aug 29, 2016 10:28pm
Quoting goosebone
Those who chose A (pharmor, fisher, ptoftagency, suntan) can I ask if your decision on this was at all based on 116x as a st flip level? Like, if 116x is flip and St outlook is neutral, with news coming A makes much more sense to me than B. So I'm trying to figure out if I'm missing the bigger picture by using a different flip (lower) and because of that, by staying put with the trade, Im not actually trading to the inside as I intended but rather from the inside. Was torn between A and B because of this.
i had 3 trades collectively (you can see in charts), closed two trades for about 1.5% gain to make some $. Essentially it was one trade divided in thirds. The last I will hold for nfp, if bad Ill fold em, if good Ill hold em. Bad will inevitably trigger a new short eventually.

Anyway, mine wasnt based on any short term level as Im trading the mmid term level and everything else is just noise now. My profit taking reduced risk and cut my soft hands before they are taken during nfp
  • #142,758
  • Aug 29, 2016 10:41pm Aug 29, 2016 10:41pm
also goose, you can play both....if youre wrong in the short term by having incorrect levels....can you still be right in the mid term if you just hold on? maybe your short term level is wrong but you mid term is right
  • #142,759
  • Aug 29, 2016 10:59pm Aug 29, 2016 10:59pm
No C...
Re-Incarnated
  • #142,760
  • Aug 29, 2016 11:47pm Aug 29, 2016 11:47pm
Quoting Pharm0r
also goose, you can play both....if youre wrong in the short term by having incorrect levels....can you still be right in the mid term if you just hold on? maybe your short term level is wrong but you mid term is right
Thanks for your thoughts on it. I see what you mean. I entered with two equal shorts up around that bear norm on your map and wish it was 4 or 5 entries rather than two since now my choice is to put away 1/2 here pre nfp (for reasons you mentioned) or hang on with the full nut. I see now how more than two entries allows for much more versatile strategy with fifo. Could be worse. I'll likely end up taking half at 116x if we get back before Fri.
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