Xmas Rally Has Finished.

Quote from Lucrum:

Hey I just had a brainstorm on this magic number seven constant volume bar chart thingy.

Check this out:

bar size = (7.777^7.777) + 7.777


What ya think?
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I don't believe that's even an integer.
 
Quote from tradingjournals:

does anyone trade e/u? It is now at 1.3015. If I go long, how much do you think I would lose before seeing the green if any?
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It was a good point to buy at, on at least 4 times to make probably around 60 to 80 pips. Now e/u at 1.3042.
 
Quote from bwolinsky:

You will most likely never make any money on that trade or be marginally profitable for a few moments, as the news out of Europe is entirely deflationary, it is not a good choice to go long and fight tape, in the Euro, and the 5 cent crash has already happened that I predicted. It will continue.
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At a certain point, I thought you might have something useful to say. I rarely join crowds, but it seems they can from time to time be right when evaluating some poster.
 
Quote from bwolinsky:

I don't believe that's even an integer.
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I didn't realize it had to be, I thought the "magic" came from the number 7.
More 7's more "magic" I always say. :D
 
Quote from Lucrum:

I didn't realize it had to be, I thought the "magic" came from the number 7.
More 7's more "magic" I always say. :D
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Don't forget the number 11.

7-11 is Beau's next place of employment.
 
Quote from tradingjournals:

It was a good point to buy at, on at least 4 times to make probably around 60 to 80 pips. Now e/u at 1.3042.
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There's nothing in this chart that suggests it was possible to buy at 1.3015 4 times for 60/80 pips.

You would have not been able to capture 80 pips, I see from 1.3015 to 1.3045 where you decided to post and pass judgement on me when I can see the chart is not done bottoming, and well into a secular bear market.

It's now at 1.3025 so consider your profit a gift due to luck since you weren't automating any algos.

When it breaches 1.30 tomorrow, you shouldn't be so quick to pull that trigger.

The reason you're Ultimate Piker to me and lucrum from now on is that rather than shorting this you decided to take an almost idiotic trade that if it were to have failed I wouldn't have cared but you probably would have.

Trading is not about picking bottoms, it's about being on the right side of the market for as long as possible and with so little time to go in the day that was a really foolish trade to take at the end of the day when all hell's breaking loose and you don't see it as obvious when I do that that chart is on its way down. So go on. Buy on the dips and hope for your 345 pip profit because it'll never happen.
 

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Quote from bwolinsky:

There's nothing in this chart that suggests it was possible to buy at 1.3015 4 times for 60/80 pips.

You would have not been able to capture 80 pips, I see from 1.3015 to 1.3045 where you decided to post and pass judgement on me when I can see the chart is not done bottoming, and well into a secular bear market.

It's now at 1.3025 so consider your profit a gift due to luck since you weren't automating any algos.

When it breaches 1.30 tomorrow, you shouldn't be so quick to pull that trigger.

The reason you're Ultimate Piker to me and lucrum from now on is that rather than shorting this you decided to take an almost idiotic trade that if it were to have failed I wouldn't have cared but you probably would have.

Trading is not about picking bottoms, it's about being on the right side of the market for as long as possible and with so little time to go in the day that was a really foolish trade to take at the end of the day when all hell's breaking loose and you don't see it as obvious when I do that that chart is on its way down. So go on. Buy on the dips and hope for your 345 pip profit because it'll never happen.
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Beau, do you posess the ability to give advice without being a narcissistic, condescending little prick?
 
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