[SF Monedge]

I warned you Peyton Manning will arrive if you encourage me lol – My colleagues feel there is a tradeable top in Crude Oil – and have been selling September Crude futures above $83

[SF Monedge]

Bobby based on your charting I am considering long EU here even though I hate it lol.  US$ has legs so it would be counter-intuitive.  I like the sell side overall.  Market has to prove me wrong.

[SF Monedge]

Rule of thumb for some of us – when selling wait until 7 is breached on the downside, if buying hit it at 2 (104.62).  You could be wrong if not paying attention to the broader scope.  But that is important.

[SF Monedge]

Only want 5 on that one.  Still riding the Sterling sell and comfortable.

[SF Monedge]

Short Eu at 29 lets roll

[SF Monedge]

I have been told and agree with this —the most vital opponent in trading is your human emotions.  Play money is one thing, everyone masters it.  But when your wife’s grocery money is on the line it gets VERY REAL IN A BIG HURRY.  Precisely why, even though I am a fan to an extent, robotic trading ends up irrational ironically.  You really have to learn and gain (a feel) for markets.  And you must educate yourself in every facet you are capable of or you are just throwing water into the wind.  But you can do that as well and come out ahead.  But at what risk?

[SF Monedge]

Perfecto Bobby.  Lets help.  My colleagues are buying June 10yr futures under 108′ today

[Belgrade Bobby]

Monedge, I would gladly join you in trading real time….I am going to post my real time trades and signals, with exact S/L…

[SF Monedge]

Side note, we cut the EurUsd long last night upon recognition it was not going to hold.  Had I not hedged in Sterling my shirt would be a little tighter today.

[SF Monedge]

Bobby is very good if I may say so.  Regarding posting.  I would encourage every person out there watching us to make a post when you feel like it whether or not it might work out favorably if a trade idea.  Largely one of the greatest benefits of this former CTA I ever received was listening to everyone in GVI whether you agree or not, and asking questions.  Jay will answer.  He has a tremendous ability and history.  More input here will inspire me to turn into Peyton Manning in the forum.  Of note, I will be in and out of trades very rapidly.  Some are testers to see the carry impact or margin impact, those are some of the things that tell you if the odds are stacked in your favor or not.  The goal is a minimum of 10 pips per trade, but I will often take 2 or 3 if I don’t like the carry/margin/other impact.  So be on your toes.  If I am holding, I will note it and usually with a project time horizon.  Please bear in mind most CTA’s or former CTA’s are momentum practitioners.

[Belgrade Bobby]

EURUSD – Daily

After everything is over now ...

[SF Monedge]

Ok GVI.  Endless thanks.  A bit more coffee after pulling a muscle working out to VanHalen last night lol.  I will attempt to temper the input out of respect.  Yen obviously is a favorite, AudCad, and Sterling (I have an issue with communism so I don’t like Eur/Usd unless I am selling it lol).

[GVI Forex]

Monedge, you have the floor.

[SF Monedge]

Effective at the end of this month Monedge will no longer provide its signal service due to exactly what I mentioned in an earlier post today.  Unfiltered automated signals is playing with fire without human input.  You will find most of our signals here in GVI at an increasing rate in a fashion that hopefully does not clog the forum and unintentionally discount the other very very good traders and posters in GVI.  I tend to bein and out of trades rapidly through the course of a day/night.  My collegues tend to hold positions for a week or longer.  So my posts could be frustrating for anyone including myself due to the sheer rapidity lol.  One CTA called me a walking talking high frequency robot lol. You simply will not find a better place than GVI.  It has been THE go to source since the 1990’s.  Disclaimer – I am not paid by GVI.   Yet lol

[SF Monedge]

105.06.   Can’t edit in the forum.

[SF Monedge]

Hope I am not hogging the forum, trying to be of help.  My colleagues will be selling June USD futures if/when 105.36 is reached    (price at 05.06 when I was notified).  They tend to be position traders.

[SF Monedge]

Just to add one more.  I believe it to be irresponsible to simply allow an automated system to run unfiltered by human interaction.  Until AI can do your laundry for you unfettered you will absolutely watch $800 losses start to rack up when you turn on your PC over coffee at 4 in the morning lol.

[SF Monedge]

The one algorithm I designed based on the bands was jaw dropping good with the results.  One portfolio manager who traded with me every morning challenged me with the promise if I could beat him he would turn over 20% of his portfolio to me. He was from France and traded from his yacht for the most part.  I beat him badly lol.  Then came the day the caveat was he wanted intentional losses because his clients were using him to make losses as a tax write off.  I obviously just treated it as a gentlemen’s bet in the end lol.  You can’t make this stuff up .

[SF Monedge]

I tested almost every retail available automated systems.  Every single one starts adding up losses .inevitably.  I also designed and reverse engineered seemingly endless systems and indicators.  The best was an adaptation of Bollinger bands which made each of the bands and mid-line smoothed toa 20day average of the bands.  Was like clockwork.  Inevitably it was flawed like the rest.  It is why there is a legal/regulatory designation sthose who are “discretionary CTAs.”  It is important to monitor the portfolio and make human decisions and those are the best CTA’s unless you are running a high frequency platform in my experience.

[GVI Forex]

… and US yields are at new highs after the earlier post-PPI retracement (dp in yields) failed to follow through

[Author]

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