Re: Straddles for Tue, Jan 31


<JBoatcapt@xxxxxxx> wrote in message
news:1138737304.512885.257340@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

> BTW..
>
> Anyone who happened to straddle (I didn't) the FOMC had a 16 point gain
> in one minute..that's $960 net.
>
BWHAHAHAHAHAHAHAHAHAHAHAHA!!!

The old fantasy Forex trader strikes again...what a
useless old maroon...

But again he provides another stunning validation of the
RRTSP strategy!

Let's go over this mess "real-time" step by "real-time"
step. Unlike the pathological liar "JBoatcapt", at
no times will anything but the TRUTH leave my fingers...

The old fake's limit trades were placed at 9:58am ET.
The event at 10:00am caused a massive reaction of...about
3 points. The Euro was trading essentially unchanged
15 minutes later.

But remember, he told us events ALWAYS cause a reaction.
He demonstrated that to be untrue today, and he's demonstrated
it to be untrue many times. He's even said it himself.
But when he's trying to "bitchslap" somebody who asks a
perfectly valid question, he just lies about it, like
everything else. That's because he's a pathological liar.

Then, starting about 25 minutes after the "sure-fire"
event, the Euro starts a fairly steady climb upwards.
Almost an hour after his "sure-fire" event, his
"straddle" sell limit order triggers.

Note carefully that a person following the RRTSP strategy
(Random Return To Small Profit) would have initiated a
short Euro trade at that time as well, no "straddle" or
"event" necessary.

Now both of us are "in trade", except the retarded old
fake has actually been "in trade" since he placed the
limit orders for his "straddle" over an hour earlier.
Remember, he's on the hook for that trade, so he has
to sit there with his self-admitted "urine bottle"
watching every tick of the market.

Meanwhile, the sane RRTSP trader is just starting his
"real-time" tick obsession.

About ten minutes later (10 minutes "in trade" for the
RRTSP trader, 1 hour and 15 minutes for Captain Goofball),
both would have shown a slight profit of about 10 points
should they have chosen to grab it. The RRTSP trader,
being an impatient sort with other things to do, has been
known to quite often just say "screw it" and cash his
chips at that point. But we'll never know, because the
only known RRTSP trader here was off having fun and making
money during the day...

Another 10 minutes go by, and they're now both slightly
in the red, if the RRTSP trader had chosen to go for the
whole 15 point gain. Another minute or so, now Captain
Goofball is at a 10 point loss, after a friggin' hour and
a half of watching the ticks, a friggin' hour and a half
AFTER THE "SURE-FIRE" "EVENT".

And so it goes. After two hours, Captain Goofball is
now showing a 20 point, $1200 loss. Two hours of sitting
there with his "urine bottle", praying for some miracle
downtick that will salvage this trade gone wrong. And at
that point, what the hell does the "event" have to do with
anything?

And then, another half hour later, BOOM, up to 1.2177, 40
points down the drain, and he's still hanging on, presumably
with his goofy hedge "freezing" his loss at about 40 points,
or a $2400 loss. And note very carefully his failure to post
in "real-time" about his presumably imaginary hedge; his
"real-time stamp" is a an hour BEFORE the fact:

<JBoatcapt@xxxxxxx> wrote in message
news:1138728181.010541.168690@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

11:18ET

Trade went over 30 points in the red..
Placed hedge @ usd/chf 1.2770 bid with eur/usd trading at 1.2167

co jones

---end of archived post

And the post actually arrived here at 12:23pm ET...

The hedge actually would have been applied at about 12:16pm,
so aside from the obvious "real-time stamp" typo his post is
seven minutes late on this, but note that he wants us to believe
it took him 2 minutes just to "type" the above.

And then, a rare "real-time" demonstration of the magical "hedge"
strategy in action, the answer to "Blash"'s simple question that
JBoatBSer so notably ducked for weeks:

<JBoatcapt@xxxxxxx> wrote in message
news:1138728672.919326.8230@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

12:28ET..

Closed hedge at breakeven..1.2770 ask

co jones

---end of archived post

Only three minutes late with that one...

But a minute later Euro is at 2.2174, 2.2177, 2.2184, add the 5 points
for the hedge, he's now at a 42, 45, 52 point loss...way to hum with that
"hedge" Captain Goofball!

AND WHERE'S THE "REAL-TIME" HEDGE POST? Is he ever
going to hedge again, or what? YOU'RE OVER 50 POINTS OR $3000
IN THE RED, WHERE'S YOUR FRICKIN' HEDGE, YOU BIG FAT
FAKE!!!

Luckily for him, a few minutes later, he picks up about eight points of
air on his failed trade...now he's only about $2600+ in the red!

BUT AGAIN, WHAT THE HELL HAPPENED TO "FREEZING"
THE LOSS AT 30 POINTS OR $1800? WE JUST WATCHED OUR
TRADE GO ANOTHER $800 AGAINST US, BUT WE'RE JUST
SITTING HERE "NAKED", HEDGELESS, FLYING AS FREE AS
A CRAZY OLD LOON!!! WHAT THE HELL HAPPENS IF
THE MARKET SUDDENLY "UNPREDICTABLY" MOVES
ANOTHER 70 POINTS AGAINST US??!??!!

Who knows, because the only information we get is this:

<JBoatcapt@xxxxxxx> wrote in message
news:1138730095.894583.152280@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

12:53ET

After hedge on/off new breakeven is 1.2132 ask (1.2129 bid)

co jones

---end of archived post

That one came at 1:10pm ET, 17 minutes after the "real-time" stamp...

AND YOU'RE MORE THAN 40 POINTS ($2400) FROM
THAT LEVEL!!! YOU'VE GOT TO SNAG OVER 40 POINTS
JUST TO FRICKIN' BREAK EVEN!!! UR INSANE,
OLD MAN!!!

At 1:25pm ET, the Euro has settled in at about a
42 point loss (-$2520) for Captain Goofball.
Now he's apparently just sitting there waiting for the
BIG event he "telegraphed" last night, the FOMC
rate hike that everybody already knows about.
So he's just sitting there waiting for an "event",
that according to his "telegraphed" strategy would
cause at least a 15 point move in EITHER direction.

But as he's admitted many times, HE DOESN'T KNOW
WHICH WAY IT'S GONNA GO, so he's just HOPING
AND PRAYING THAT IT CAUSES A 42 POINT MOVE
DOWN SO HE CAN AT LEAST MAKE BREAK-EVEN!!!

MADNESS!!!

And this is in the face of developing cup and
handle formation on the 1-hour chart of the Euro,
not that it means much in Forex (or does it?).

So what's his next post? Why suprise, suprise,
a vulgar insulting post out of nowhere:

<JBoatcapt@xxxxxxx> wrote in message
news:1138732490.070574.50760@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

1:28ET

With the FOMC rate decision just 45 minutes away, my trade stands at 40
points in the red.

What, oh what will I do? Will the rate drop below my breakeven? Will
the market jump up on the 2:15ET event coming up?
Gee, I just wish willie and fitzboy were here giving lots of advice on
the forex market...

Willie? Fitzboy?

co jones

---end of archived post

Hmmm, dude seems a little crazed, just like the last time he
"was going to sea for over a month" (only to show back up less than
a week later) and he littered the group with about 20 malicious
slanderous posts in one long drunken night...what's he really
planning here, any ideas?

But here's the really funny thing. Remember how I said "The Visitor"
is a stupid hypocritical chickenstuff punk who mostly just repsonds to
vulgar insults about other posters by a 64-year-old man who "helpfully"
describes his perianal region to everybody? Well, lookie here:

The Visitor <ksjhdsdfssjhfk@xxxxxxxxxxxxxxxxxx> wrote in message
news:UxODf.11431$1Z.1972@xxxxxxxxxxxxxxxxxxxxx

JBoatcapt@xxxxxxx wrote:

> Gee, I just wish willie and fitzboy were here giving lots of advice on
> the forex market...
>
> Willie? Fitzboy?
>
> co jones

I don't think too many are around today for some reason. It's a blah day
in the market too. I got stopped out on my oil stock so I went out for
a haircut. I have since bought it back though. I had other errands to to
also. It just seems like a blah sort of day. So I will go exercise.

Good luck, hope it comes out of the red for ya.

John

---end of archived post excerpt

BWHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!

Again, am I a "nose it all", or what? I MAY HAVE FLUNKED
HIGH SCHOOL TRIG, BUT MAN, I CAN CALL "PEOPLE"
PERFECTLY!!! (Which, to be on-topic, is a TREMENDOUS
advantage to trading the stock market.)

Well, that post was indeed enough to get "John The Chickenstuff
Man Rectum-Loving Punk Visitor" to break "JBoatBSer"s 7-post streak
of replying to himself, but what the hell does it have to do
with trading Forex?

What does any of this have to do with trading Forex, or
anything else for that matter? Well, I'll get to that...

And then the "big" event: the FOMC announcement. And indeed,
as "telegraphed" it caused the Euro to dive sharply, then recover
just as quickly, about 20 points, in a matter of seconds.
Then it began to fall fairly quickly and steadily. Within five
minutes "JBoatBSer"'s "sure-fire" trade was close to break-even,
ALMOST 4 1/2 HOURS AFTER THE TRADE WAS OPENED!!!

And most importantly, remember, he was sitting there with his
urine bottle, completely unhedged, and by his own admission,
didn't know if the Euro would rocket a similar amount against
him.

So finally, the self-described most hugest-testicled poster
in the newsgroup limps in with:

<JBoatcapt@xxxxxxx> wrote in message
news:1138735652.939929.253120@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

2:24ET

Breakeven hit (1.2129 bid)....I'm out..no loss//no gain

co jones

---end of archived post

Which showed up at 2:31pm ET for me...

....and just seconds later, the Euro is down to 1.2118, so he just blew
a token $600 profit or so BY BEING A CHICKENSTUFF PUNK
LIKE HIS RECTUM-LOVING BOYFRIEND "THE VISITOR"!
WHAT A COMPLETE AND TOTAL WASTE OF A TRADING
DAY!!!

SO WHAT'S REALLY GOING ON HERE!??!?!!

Again, again, I says:

Captain Goofball's trades are not "event-driven", are not
"straddles", are not "mechanical" or "automatic", and
are NOT "sure-fire". And as was amply demonstrated
today, his "sure-fire hedges" are a waste of time, but
mostly just imaginary because HE DOESN'T EVEN REALLY
USE THEM. His trades are, completely and totally,
"Random Return To Small Profit" (RRTSP) trades, but he's too
stupid to understand that...

And he'll be too stupid to understand this:

You see, the theory of the RRTSP strategy is actually that
a very SHARP move in one direction or another in the market
will USUALLY (hopefully) be corrected back to the original
price.

In this sense, Captain Goofball is actually working AGAINST
himself by placing his goofy limit-order "straddles" on "events",
and then allowing them to sit there for hours waiting for the
trigger. This allows the market to SLOWLY drift to hit his
order.

He'd be better off to cancel the limit orders
about 15 minutes after the "event" to avoid this problem,
and to stay true to his ostensible strategy theory of "events
ALWAYS cause reversible reactions, and you can ONLY
trade events".

This was clearly demonstrated today, when the Euro was clearly
SLOWLY drifting up all morning. A real "trader" of any experience
would see that, and take that into account...but not Captain
Goofball.

Why doesn't he do that? Because he's caught in the trap of his
own low self-esteem, and is trying desperately to "prove" his
"manhood" by demonstrating his goofy non-strategy by way of
his all-important "Usenet track record".

That's why when I helpfully point out a few things for him and
others to consider when trading Forex, he lashes out like a lunatic
with a flurry of lies, "FU!"s, "UR MOMMA!"s.

That's why when a poster with a female handle makes a tiny
little joke about him, he responds with a series of ill-advised
"real-time" trades that he said he would no longer post,
leading up to a disasterous trade that may have lost him as
much as $18,000...

There are many lessons to be learned here, for "normals", or
even borderline "normals" who can possibly redeem themselves.

First and foremost, you don't "trade" to prove a point on
Usenet, you "trade" to make money for yourself.

You can't eat, drive, or live in Usenet "credibility" and
"respect". Every post you make here to try to prove how smart
you are and what a great trader you are is a complete and
total waste of time AT BEST, and at worst, traps you into
really stupid "emotional" trading mistakes that can cost you
big $$$$.

Second, well, I'm all typed out here, but let's just say
that the Forex market actually trades differently than
the stock market, for a very fundamental reason, and once
you realize what that reason is and how to exploit it,
you can truly make "effortless" "automatic" profits from
it, no urine bottle needed. These RRTSP/"straddle" trades
are fun for fools but they clearly only work SOMETIMES, maybe
enough to make an overall profit, but consider the idea
there may be much Much MUCH more money trading another
way...

Bottom line is, you've got to face reality when trading
ANY market. To beat it, you've got to OBJECTIVELY analyze
why it moves the way it does. If you just make a series of
trades at random, and brag about winning two or three trades
in a row, THE MARKET IS ACTUALLY TRADING YOU,
NOT THE OTHER WAY AROUND (and this is much more
important in the stock market compared to Forex).

Oh, and finally, remember when I said that this was "Brokeback
Newsgroup" because "The Visitor" "John" seemed to have such affection
for "JBoatcapt"'s anus? Well, what do you know, now "JBoatcapt"
is giving horse-riding advice to his "special friend":

<JBoatcapt@xxxxxxx> wrote in message
news:1138736423.492994.184280@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The Visitor wrote..

<<Good luck, hope it comes out of the red for ya.>>

Thanks John. Just closed at breakeven..the FOMC decision brought the
eur back down nicely. Looks like I left a few $hundred on the plate.

Glad to see you got back on your horse after being thrown. Just make
sure you board him on the port side from now on :-)

co jones

---end of archived post excerpt

BWHAHAHAHAHAHAHAHAHAHAHAHAHA!!!

Priceless!!!

---
William Ernest Reid
Post count: 126



.

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