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The Really Useless Thread

  • #143,761
  • Oct 2, 2016 8:40am Oct 2, 2016 8:40am
Quoting sisse
--> Changing short term outlook in Yen from soft buy to Buy
safe haven? or there is sometingh more?
  • #143,762
  • Oct 2, 2016 9:40am Oct 2, 2016 9:40am
Quoting mclon
The attached file is a compilation of the TCB material. If it shouldn't be here let me know and I will remove it. My thanks to sissie and all contributors to this thread. {image}
Thank you for your work!

wow we can do emojis now hahahah
  • #143,763
  • Oct 2, 2016 10:18am Oct 2, 2016 10:18am
Quoting mclon
The attached file is a compilation of the TCB material. If it shouldn't be here let me know and I will remove it. My thanks to sissie and all contributors to this thread. {image}
Thank You !!!
  • #143,764
  • Edited 1:50pm Oct 2, 2016 1:23pm | Edited 1:50pm
Quoting hoom
I must say this , anyone who followed and understood how to spot and apply the 5 basic notions that Sisse explained alongside the risk/trade management , SHOULD be able to filter a lot of noise from his trading habits from now on . [not to be offended but if you're 'lost in translation' then you better try harder or find another career] For those who didn't understand some key words in his posts throughout the year , including me sometimes, [ how he defines an outlook , a bullish/bearish close , imminent breakout alerts etc...] , they would be in...
I totally agree! it helped tweak some things I wasn't understanding in his terms or just "basic" (as embarrassing as that is to admit) closes in resistance or support zones. makes sense now! hoom, I have learned alot just following the exercise you answered from sisse's iteration as you were better versed in answering on the "scaling in" concept! Makes so much sense and the AHH HA moment came on.

Managing RISK first....THEN, ONLY THEN....REWARDS. I thought you add another one while taking part of profit. Instead, you get RISK to ZERO first and then, manage Rewards! Can't figure out why that register with me like this.

mclon, thanks for putting this together. I know chester123 wanted to do this awhile back.

sisse, thanks again for your contribution to helping us become better traders. Still so much more to learn!
  • #143,765
  • Oct 2, 2016 1:29pm Oct 2, 2016 1:29pm
No Australia, no China, no Germany... expecting lots of comments, gossip, half-truth, political posturing, dick swinging, noise and even some aggressive comments on the next few weeks.

Trading-wise, UK triggering the second part of the Brexit play at probably the 'best' possible time as UK and European numbers have held and BOE still holding Bazooka 2.0 for Nov. All forecast pre Brexit on the table without much changes at least for now so minimum correction between -20% to-15% in FTSE and EZ equities for 2017 while in FX, Sterling 1.22xx and Euro 2015 lows (ext to 0.98 still locked) are unlocked for a test.

Things got a bit messier in Dollar as short term NFP will trigger the hikes play but depending on the very short term reaction of this news from Europe, things can dramatically change in the FX board. Dollar could short-circuit between risk off and no hikes creating rather sharp volatility for the next couple of Quarters.

Interesting times ahead for the FX board while Equities will hold better and safer as long as FED hikes are not in play and BOE and ECB can still relaunch an aggressive (and unavoidable if things get messy) QE free money to keep the bastards on check until the political side is resolved ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,766
  • Oct 2, 2016 2:21pm Oct 2, 2016 2:21pm
Quoting sisse
Now @hoom before we wrap up and answer your initial question. Let me put you the final chart on the short term part of the discussion and ask you: {image} Can you plot for yourself the trade/risk management investment profile and the trader profile for the mid term range you are referring?. Would it justify the time and opportunity cost if I tell you in Mid August or Right now risk/invest $300/$500 for a potential return of 1:5 up to 1:9 by the end of the year ??? Does it matter really if a super micro scalper that don't exist will make 1 trillion...
trade/risk management investment profile :

seek for value based on FA direction to position in market / put limit on capital risk and calculate ROI , in my case :
Entry 1.13
Risk : 100 pips [% capital invested]
Hold without scaling in again !
Exit 1.07 [R:R 1:5]
Return: 500 pips

trade/risk management the trader profile :
Seek for price entry based on TA
same enrty 1.13 with partial profit taking on differents TPs [X3/X5] and scale in again on retraces in order to reduce/nullify risk [ already illustrated ]

I need more clarification between investor and trader profile !!!

Quote
would it justify the time and opportunity cost if I tell you in Mid August or Right now risk/invest $300/$500 for a potential return of 1:5 up to 1:9 by the end of the year ???

it would justify for a trader profile but not investment profile as the second one would suggest that you won't reduce risk unless your entry is time and opportunity cost effective .

Quote
Does it matter really if a super micro scalper that don't exist will make 1 trillion dollars in the same range and period of time?

It doesn't because we aim for consistency ie focus on better risk reward ratio for trades whatever the period of Time .
Get Rich or Die Tryin
  • #143,767
  • Oct 2, 2016 2:33pm Oct 2, 2016 2:33pm
Realtime quotes : sterling suffered the most

Attached Image (click to enlarge)
Click to Enlarge Name: real time.PNG Size: 37 KB
Get Rich or Die Tryin
  • #143,768
  • Oct 2, 2016 7:18pm Oct 2, 2016 7:18pm
Quoting Pharm0r
{quote} Thank you for your work! wow we can do emojis now hahahah
And I think I just "liked" this post of yours. Looks like the site is finally ready to enter the 1990's.
  • #143,769
  • Oct 2, 2016 7:31pm Oct 2, 2016 7:31pm
Quoting goosebone
{quote} And I think I just "liked" this post of yours. Looks like the site is finally ready to enter the 1990's.
  • #143,770
  • Oct 2, 2016 11:39pm Oct 2, 2016 11:39pm
Quoting sisse
{quote} 9. Managing Risk ...cont {quote} Indeed.... {quote} Well you could but why would you. Let me tell you why in the next point that comes for from Acting as Trader " --> The main job as a trader is: First, managing risk !!! not managing potential gains and here is where the fun and complex part start. Second, managing rewards and third managing time." By point B you have accomplish the most important part on this discussion which is MANAGING RISK and now you can focus on the second part managing rewards. In point B it's not efficient to take...
Thank You for your Teaching !!!!!

Attached Image


Attached Image
  • #143,771
  • Oct 2, 2016 11:51pm Oct 2, 2016 11:51pm
Wow, so many replies with so many systems and its work. Good thread with useless title.
  • #143,772
  • Oct 2, 2016 11:57pm Oct 2, 2016 11:57pm
A real silent in e/u ... Waiting for the upcoming nos. From US .. which might trigger a short rally ....
And these emoji also works on mobile site ... Cool..
Re-Incarnated
  • #143,773
  • Oct 3, 2016 4:32am Oct 3, 2016 4:32am
Quoting primejarvis
A real silent in e/u ... Waiting for the upcoming nos. From US .. which might trigger a short rally .... And these emoji also works on mobile site ... Cool..
sisse was upset for the longest time about mobile compatibility...maybe they geard his prayers

just pulled 100 out of GU, will look to short a bounce before NY, usually agressive sell from sisse means find a reason to short immediately
  • #143,774
  • Oct 3, 2016 4:50am Oct 3, 2016 4:50am
Quoting Pharm0r
{quote} sisse was upset for the longest time about mobile compatibility...maybe they geard his prayers just pulled 100 out of GU, will look to short a bounce before NY, usually agressive sell from sisse means find a reason to short immediately
They geared his and mine prayer as well ... But the site is still not fully optimised for mobile ... And I do agree on that sisse's agressive means it's actually aggressive and I don't think any1 should miss the opportunity to sell on any valid bounce...
 
Waiting for the drama to complete in e/u
Re-Incarnated
  • #143,775
  • Oct 3, 2016 6:30am Oct 3, 2016 6:30am
Good European numbers especially from the UK keep holding the board this time avoiding one more time a clean sweep in Sterling. Equities and commodities very happy with the latest round of solid numbers leaving NY for the same choppy continuation until further data this week.

There is very little in between until NFP.... until then actively looking for positions in European Equities and OIL and on the rest of the board same level, same trades, same all....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,776
  • Edited 11:26am Oct 3, 2016 8:08am | Edited 11:26am
So if gu breaks below Jul. low 2790, that's when we start talking about momentum? (obviously I'm still unclear on this part)
  • #143,777
  • Oct 3, 2016 8:49am Oct 3, 2016 8:49am
E/u again on the neckline .... the never ending 1.122x .....

guys what to expect will it break and stay below or we will see the never ending chopzone .... just trying to make my mind bzy in the forum .. getting bored with the tireless screening ....

@sisse : even i have a question on momentum play ....

momentum play occurs when the retail/institutional traders execute huge size in the direction or is it when huge size close their positions at a certain level & play the reverso ....?
Re-Incarnated
  • #143,778
  • Oct 3, 2016 8:52am Oct 3, 2016 8:52am
Quoting primejarvis
E/u again on the neckline .... the never ending 1.122x ..... guys what to expect will it break and stay below or we will see the never ending chopzone .... just trying to make my mind bzy in the forum .. getting bored with the tireless screening ....
8 minutes might see some small action. Might not. Not sure how consequential this news is. But if she needs a nudge either way......
  • #143,779
  • Oct 3, 2016 9:04am Oct 3, 2016 9:04am
Quoting goosebone
{quote} 8 minutes might see some small action. Might not. Not sure how consequential this news is. But if she needs a nudge either way......
i dont think it is going to break & stay there ,,,, mixed nos, from US....
Re-Incarnated
  • #143,780
  • Oct 3, 2016 9:15am Oct 3, 2016 9:15am
Sterling [GU] on the front seat and it looks very heavy right now even with the positive data earlier today but that won't prevent it from the

imminent break of the low which would carry the rest of board with it .
Get Rich or Die Tryin
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