No Free Lunch but all the Free Coffee you can drink
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Thread: No Free Lunch but all the Free Coffee you can drink

  1. #1
    Nothing to do with PA, FA or TA,,,
    This is about understanding the Individual Component in the Pit.of Dispair to Pr. Bride. Movie fans

    Pit Traders. You really think that they are rookies?
    They need to eat, they need to pee and they must get a grip on the Market management. In the end, this is not their first venture into the Market.
    Evoloution advised them to urine at the same time as other traders because they understood. . .that's when they get their ass whipped.
    Eating is optional. Market leadership is in their hands.

    So...
    As an Outsider,
    never had an inclanation to stand in, or trade from, a Pit. All posts from the exposed Waaayyy more than welcome
    I have observed the following.
    8:00 AM Open to 10:00 AM = Rape, Pillage OR Stalk
    11:30 AM Spike = Goin' to lunch and also want some profit to Close.
    1:30 PM Correction = OK, We're back and we're gonna proceed it as much as we can. wtf were you guys thinkin'
    3:00 PM lag is due by Daytraders becoming out Historical and Swings/Carry doubting their Trade will currently Mature.

    When the aforementioned is a revelation to you, YOU still don't know the Market.
    To the others.... Correct my times if you feel the need.

    Now that you just feel slammed...
    The Truth.
    Guess what. The strain on a Pit Trader is Guesultimate Only1,000 times the strain on you. No thought to Important Other Pressures you could be below

    There are a lot of Little Windows / Day that will yield you Profit. Not easily. But with study on Your Own Pair, it will wind up Obvious what Time of day your Trades have More POTENTIAL

    Ohhh, Friday @ 3:30 PM EST and that I only want 50 more pips to reach on my TP....

    Good Luck but I know you'll strike it on a fantastic day.

  2. #2
    Must be hell when you're not sure whether your following pee will become the most expensive decision for your day. Your entire trading career might go down the drain so to speak.

    Before I started trading forex I visited some other traders just to get an idea (always good policy to do assignments prior to taking out money, wonder why so few people do it). Following a morning of watching two guys scalping one of the questions was why they chose to do such a high stress job at their age. Turned out they just looked fifty, they were early thirties. Should tell you something about my current trading style, which isn't scalping if you ever wondered.

    Thanks for a nice topic .

  3. #3
    Quote Originally Posted by ;
    No thought to Significant Other Pressures you could be under

    This made me grin. I would not last 5 minutes from the pit. Nevertheless, the above understatement hides tens of thousands of words.

  4. #4
    My first post at this great forum....

    Quote Originally Posted by ;
    Nothing to do with PA, FA or TA,,,

    The Truth.
    Guess what. The strain on a Pit Trader is Guesstimate Only 1,000 times the strain on you. No consideration to Significant Other Pressures you could be below

    There are numerous Little Windows / Day that can return you Profit. Not easily. However, with research on Your Own Pair, it will become Obvious what Time daily your concessions have More POTENTIAL

    Ohhh, Friday @ 3:30 PM EST and that I only want 50 more pips to hit my TP....

    Good Luck however I know you'll hit it on a Good day.
    That's the way I remembered it.

    I have been away from the CME for 9 Decades. I trade from my home office. Less noise.

    The single pressure on me is what I put on myself. A truth that has held true, even when I didn't recognize it.

    Peter

  5. #5
    Quote Originally Posted by ;
    My first post at this great forum....




    That is the way I remembered it.

    I have been away from the CME for 9 years. I much rather commerce from my home office. Less noise.

    The only pressure on me is exactly what I put on myself. A truth that's held true, even though I didn't recognize it.

    Peter
    Hi Peter, Welcome to Ye Ole FF. I really like your last line.

    Q1) How long were you in the Pit?


    Q2) Did you leap from Pit to Pit throughout the day per week?

  6. #6
    Quote Originally Posted by ;
    The only pressure on me is what I put on myself. A truth that's held true, even though I didn't recognize it.

    Peter
    This is indeed Correct! And it goes nicely with s motto in his sig

    Nice to have another vet aboard

  7. #7
    Talking of Coffee,, I've a friend that figured out the Way to increase the caffeine content of high Excellent coffee beans,, Sort of like drinking a whole pot of coffee in 1 cup,,, cuts down on the urinary flow ,,,, he sells it online if Someone's interested

  8. #8
    Quote Originally Posted by ;
    ... I've observed the following.
    8:00 AM Open to 10:00 AM = Rape, Pillage OR Stalk
    11:30 AM Spike = Goin' to lunch and also need some profit to Close.
    1:30 PM Correction = OK, We're back and we are gonna move it as much as we could. wtf were you guys thinkin'
    3:00 PM lag is due by Daytraders getting out Historical and Swings/Carry doubting their Trade will currently Mature...
    .... Correct my instances should you feel the need...
    You know what the weirdest truth about the above is?
    (Besides no need to correct the occasions)
    is the fact that it is in reality pretty much TimeZone Independent

    It is an EST-truth. Yet this where I am now, GMT is seen by me.
    And watched it as a gopher (boy-Friday , running JSE orders for my boss back in my ex-homeland, which was GMT 1 or 2.

    Drives the Human Element home again, doesn't it just.

  9. #9
    Quote Originally Posted by ;
    Talking of Coffee,, I have a buddy that figured out how to boost the caffeine content of top excellent coffee beans,, sort of like drinking an entire pot of coffee in one cup,,, cuts down on the urinary flow ,,,, he possesses it on line if any body's interested
    So drinking something with a greater content of a diuretic will cut the urine flow? Sounds as plausible as intercourse for virginity.

    Sorry to comment on the threadjack . Great post

  10. #10
    Mr Walker, my appologies,, simply saying that in the event that you work since most people in here you might drink java, also I prefer to drink 1 cup rather than 8 to 10 (a pot). Just me,, didnt mean to Jack your ribbon (whatever the^% that means)

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