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The Really Useless Thread

  • #150,461
  • Apr 25, 2017 4:04pm Apr 25, 2017 4:04pm
Quoting gatorinla
{quote} i added to it.. atm 0948 was a spot on radar a few h ago.. but 0932 has to be closed below.. atm ny is trying. i could have waited for that close below. but my stop at that point was would be so much widder.. i just needed a few pips at 0948.. below 0932 adds 12 more. making my pipage for a stop 3x greater..
12 added pimps dont seem like much.. but when it's thought of as compound interest. it's actually 300 %.. this is where traditional position traders and i clash at times. traditional have a much wider stop. even much greater than 12.. i try to get in with a tighter stop.. toward extreme. so i miss many trades unless i widden.. my solution is to space entry with the same extreme stop, near the last extreme entry. in a strong move i may only set extreme entries.. the reason is math,, if one can set the extreme entry with a 4 pip stop.. why not? at a 1% risk each 4 pips is 1% in a favorable trade. the risk remains 1%... at 12 pips that's 3%. compounding is a beautiful thing.
those who can, do. those who cant, talk about those who can
  • #150,462
  • Apr 25, 2017 4:12pm Apr 25, 2017 4:12pm
Quoting hoom
{quote} yeah I saw the entry u posted , so for the next entry you need st charts to be built. gotcha. {quote} what is your take on 1.097x , you should have that one on your radar even for larger swings
this year i have been looking mostly at near extreme levels. most of us including me, want to be in a trade. that is trade failing 101. u dont have to trade. u only trade when your criteria is met. near those places that voids your trades, u get in less. but they reduce the pips u lose, and greatly increase the reward side of the trade.
those who can, do. those who cant, talk about those who can
  • #150,463
  • Apr 25, 2017 4:13pm Apr 25, 2017 4:13pm
...and we are rolling. No surprises across the board with all markets on track. After a rather long few weeks with very little in the macro front, we are finally ready to kick start the spring flows with news from DT economic plan coming and the first round of data of the Q starting tomorrow with ECB as a main dish for the week.

On the Euro, we keep grinding the highs but all short term extreme risk hedges from the French election front already cleared (for those following... the domino we discussed coming from the Asian session onwards) so lots of air on the highs for a quick run before ECB....

Here actively looking for positions in Euro, Gold, Oil and to lesser extend in Equities (particularly EZ ones).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,464
  • Apr 25, 2017 4:16pm Apr 25, 2017 4:16pm
Quoting jaxx80
{quote} Gator, so Lx1 is the range from the London close to NY close ? And Lx2 is this range x 2 added or substracted from the NY close? Thanks
na.. when london closes.. and pa is below for some bars.. when it crosses add an = amount. that's the range x2.. let's say the pair is bearish.. and it crosses above.. the range after cross may be limited to the range size b4 cross. so the upside may encounter R at the 2x #..
those who can, do. those who cant, talk about those who can
  • #150,465
  • Apr 25, 2017 4:22pm Apr 25, 2017 4:22pm
Quoting jaxx80
{quote} Gator, so Lx1 is the range from the London close to NY close ? And Lx2 is this range x 2 added or substracted from the NY close? Thanks
earlier i didnt know for sure how the 0948 reaction would be. but i did have 0897 as a possible S using 2xL.... i said 60ish.. but 51 pips may be more accurate. i based the 60 off 0884
those who can, do. those who cant, talk about those who can
  • #150,466
  • Apr 25, 2017 4:28pm Apr 25, 2017 4:28pm
in the spirit of not losing money.. eu stops to be+.. i plan to move just above 0932 later
those who can, do. those who cant, talk about those who can
  • #150,467
  • Apr 25, 2017 8:12pm Apr 25, 2017 8:12pm
Quoting gatorinla
in the spirit of not losing money.. eu stops to be+.. i plan to move just above 0932 later
What do you think of the gaps being closed?
A 1 pip gain is better than a 1 pip loss.
  • #150,468
  • Apr 25, 2017 10:04pm Apr 25, 2017 10:04pm
Quoting gatorinla
in the spirit of not losing money.. eu stops to be+.. i plan to move just above 0932 later
If trump said what he is suppose to say in today's announcement then Uj can visit 112.02 / 112.7x. ??? I have no shorts atm. i guess the actual time of DT tax plan announcement is not known to peeps.
  • #150,469
  • Apr 26, 2017 5:38am Apr 26, 2017 5:38am
A decent European morning with all risk hedges cleared as it was widely expected since yesterday. We are ready for DT. All eyes on Tax Cuts and Co, announcement we have been waiting since November. US in full control today from the open. Today we'll pretty much kill DT expectations move leg and we'll shift to 'trade the fact' environment on the US fiscal side.

The core of spring action expected to start as early as today US session and carry forward to ECB and beyond.

On the Euro, simple French election ride completed and more importantly we are triggering for the 4th time since December the traditional 'choose your poison time' in the mid term....

sisse

Quoting sisse
{quote} A quick update on the iteration front. A wip...
A quick update on the iteration front. For accountability sake. 1.095x cleared to the tick this morning. It's game, set and match for ExForX, kayaker in a tick bottom to tick top flawless trade. Very well done to both. You have been added to the waiting list for and invitation to the next round....

+++ Final live iteration in the Euro ++++

Final Update

"Parit, Consolid ou Termin"


=> Long@1.062x [uber check] STP: 1.052x TP1: 1.078x [check] TP2: 1.086x[check] (top target) TP3: 1.095x[check] +/-max r:r: 1:5

ExForX

kayaker


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,470
  • Apr 26, 2017 6:29am Apr 26, 2017 6:29am
Quoting gatorinla
back for a minute.. maybe a chance for some to get long later on eu.. or a short scalp.. but its depends on 0932 support or not supporting.. the possible scalp eu short in the 0948 +- a pip or 2.. a retrace to 0932 that may support it, is the problem.. but if it can manage.. a 60 ish pip trip is not greedy..
about like that. thats how u make 15/ 16% risking 1%.. if it went further in a trend situation.. than more could be made.. a years pay at times+. small setups put you in charge when they work within larger a setup....
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those who can, do. those who cant, talk about those who can
  • #150,471
  • Apr 26, 2017 6:32am Apr 26, 2017 6:32am
Quoting gatorinla
{quote} about like that {image}
would not rule out a short retracement from 1.0884 but then again it is a retracement. I think we are heading to 1.07200 then back up and then down again to 1.03x
  • #150,472
  • Apr 26, 2017 6:50am Apr 26, 2017 6:50am
Quoting giveachance
{quote} would not rule out a short retracement from 1.0884 but then again it is a retracement. I think we are heading to 1.07200 then back up and then down again to 1.03x
maybe so.. i wouldn't rule out 1.1115 once again or 1.1316.. using usdx, doing it may require a eu dip so usdx can rise to 101.52. once more a drop, in the eu looks ok.. i dont know when or how. it might be now.. on the other hand it may get 1.1115 now and even 1.1316... notice both directions makes me right.. u see i can't be wrong on direction. a lot of us post this way. the fact is we dont know. i dont have a clue. i just play odds. atm neither longing below 0585/0320 or shorting 1115 is a option. we are sitting between.. so i will wait to see what pa thinks..cause what i think is no more than a guess. even if it goes exactly the way described.
those who can, do. those who cant, talk about those who can
  • #150,473
  • Apr 26, 2017 6:53am Apr 26, 2017 6:53am
Quoting gatorinla
{quote} about like that. thats how u make 15/ 16% risking 1%.. if it went further in a trend situation.. than more could be made.. a years pay at times+. small setups put you in charge when they work within larger a setup.... {image}
Truly masterclass of scalping! Do you usually go for such R:R ratios or was this a special case?
  • #150,474
  • Edited 7:46am Apr 26, 2017 6:59am | Edited 7:46am
Quoting gatorinla
{quote} about like that. thats how u make 15/ 16% risking 1%.. if it went further in a trend situation.. than more could be made.. a years pay at times+. small setups put you in charge when they work within larger a setup.... {image}
I strongly disagree with what you are trying to show here. You are highlighting everything is wrong in these boards and most of the inner demons and myths that destroy most of small retail creating a false sense of 'get rich quick' with your latest posts: Hyperactive trading, blind entries, zero understating of context, small fish with a big boat, big fish with a small boat, out of scope r:r, our of rational and real sense on ROI, etc etc.

Don't get me wrong. I know that you know exactly what you are doing and I know you trade like that but you have millions bags of experience more than most of the people around here. IMO you are not doing any favours highlighting these trades.

In a nutshells, the money is not in showing the 1 million trading opportunities in a single day, neither showing how many times a M5 chart trade is successful but rather in HOW to DO IT CONSISTENTLY!!!.

Some of the people who are posting after you are blurred and hypnotised by winners (and quick and very fast ones) instead of focusing on risk and proper trading management despite the TF or TA tools.

I know you do the same in your own way with your trading but I strongly believe most of the newcomers that are seeing this wont even realise what is going on except shooting blanks at everything that moves with a machine gun approach...meaning recipe for disaster in consistency.

Nothing against your trading style but we both know in reality is not only a bad idea but a very unrealistic and unsustainable trading/investing strategy to talk about 15/ 16% risking 1% in a M5 as the 'norm' [pun intended]for success....

In any case, lets see what DT brings to the table today.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,475
  • Apr 26, 2017 7:05am Apr 26, 2017 7:05am
Quoting Deitreider
{quote} Truly masterclass of scalping! Do you usually go for such R:R ratios or was this a special case?
just lucky.. it was a tiny swing back to where it came from. it only could work with a known Resistance. in this case the R wasn't known by any standard of proof. they dont always work, i took a somewhat of a educated guess. ... i have become a little more aggressive in this little account.. 1% is aggressive to me. eu is in a hard spot to me even with french elections in favor. greece will pop again.. someone will through a rock somewhere and someone will fire on the crowded street. in a little swing, taking the money and running is a good thing when u can
those who can, do. those who cant, talk about those who can
  • #150,476
  • Apr 26, 2017 7:07am Apr 26, 2017 7:07am
I for one am under no illusions that I could mimic what Gatorinla is doing with consistency.
  • #150,477
  • Apr 26, 2017 7:17am Apr 26, 2017 7:17am
Quoting sisse
{quote} I strongly disagree with what you are trying to show here. You are highlighting everything is wrong in these boards and most of the inner demons and myths that destroy most of small retail creating a false sense of 'get rich quick' with your latest posts: Hyperactive trading, blind entries, zero understating of context, small fish with a big boat, big boat with a small fish, out of scope r:r, our of rational and real sense on ROI, etc etc. Don't get me wrong. I know that you know exactly what you are doing and I know you trade like that...
yes,, i know you disagree,, so i did it live. with real numbers. i actually agree with u on the bases because we see the scammers.
i explained where before we reached the point 0948 point. i explained what 0932 meant. no slide of hand. i also gave a target. a real measurable entry. not one hundreds of pips wide in a general area. that's about the best i can do.. the only real measurement used around the world is numbers. we want the numbers to match the fudis when possible.. after some fudis missed are discounted or given more importance than some in a personal subjective matter. the experts seldom agree on the causation.
those who can, do. those who cant, talk about those who can
  • #150,478
  • Apr 26, 2017 7:23am Apr 26, 2017 7:23am
.. the original purpose of the post was to show people who were long or not in the trade. to me, allowing drawdown on a long is no better than telling someone to short at x. both have the potential of hurting a account equally, since the exact same numbers apply. .it could be bought cheaper. i shouldn't have posted it as a short opportunity.
those who can, do. those who cant, talk about those who can
  • #150,479
  • Apr 26, 2017 7:31am Apr 26, 2017 7:31am
Quoting gatorinla
{quote} .... we want the numbers to match the fudis when possible.. after some fudis missed are discounted or given more importance than some in a personal subjective matter. the experts seldom agree on the causation.
-> Markets trade primarily expectations not facts. Only unaware retail and laggers will wait for the fact to start taking a side.

-> Even in non market/non economic scheduled news (lately a few with Brexit, DT and France), smart money align or hedge based on odds and expectations way before the actual fact.

-> The money, the consistent money, is in the expected value and outcomes not in waiting for a single report or news to trade.

Thats one of the biggest myths, confusion and actual huge handicaps in retail trading. They only see markets in an unidimensional way. No time, no expectations of value, no awareness of the factors actually moving the underlying except the knee jerk reaction on a headline that is vanished from their chart after a session of trading in a M5 chart.... No wonder why they always go back to a machine gun approach and dismiss everything else, no wonder the huge death rate among FX traders either...

-> Point is not convincing you to change your ways, you and me are prolly too old for that (although I think you still can and should ...) but rather putting a point of order for some newcomers in the thread saying "not everything that glitters is gold" and in order to understand what you are saying they need to dig very deep in where are you coming from (and most wont)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,480
  • Apr 26, 2017 7:36am Apr 26, 2017 7:36am
back to subject 0932 L2 range discussion. .. on the day, its sitting on the south side, better than Londonx2 range.. as a general rule (never in stone) it tends to get tired.. like it just had a orgasm.. a large % of time that's it for a st trade. as a general rule in this case.. 0816 may be norm.. 1/2 way to 0816 is the 0883 mark. near the atm low.. its only moved the 60ish pips today.. it may have more to long from. short wise the bird in hand rule cannot be underestimated. bird in hand with 60 ish pips.. should not risk the 60 to make 20 more.
those who can, do. those who cant, talk about those who can
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