Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9254.

d_eddie

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Quote from: Gyrsur on October 07, 2019, 01:48:26 PM

so $8254.3 in my chart was a high. it goes down a bit now. I should have closed the long. but to late. Roll Eyes

I don't know the numbers, and each one of us is different, but I'd keep the long open if the entry point is within the current range. With shorts I'm much more draconian. In the mean time, cash out part of the short! If you manage to make them equal you're net green and you can wrap it up if you feel unsure.

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

Quote from: d_eddie on October 07, 2019, 02:07:03 PM

Quote from: Gyrsur on October 07, 2019, 01:48:26 PM

so $8254.3 in my chart was a high. it goes down a bit now. I should have closed the long. but to late. Roll Eyes

EDIT: I'm not good in discretionary approaches really. I need simple rules which I can write into code and then let the machine trade and just observing and improving.

Decisions such as these can't be coded into a bot. Or if they can, I have no clue. Or maybe I have a clue but just can't spill the beans for obvious reasons Tongue

What you can do is program a bot to set up complex conditional orders - which can be a real help as long as your connection to the exchange is steady, which in turn isn't a safe assumption with all the verlakkerij that's going on.

A few examples of complex conditional order:

- if the long suffers more than 10% from here, cash out 20% of the short

- if she goes down >100$, increase the long a bit and tighten its stop loss by 15$ while cashing out the btc equivalent of 200$ from the short (maybe to finance the increased long and keep your staked margin in check)

- if after going down >150$ (but <300$), she heads back up, cancel these 3 orders I put there in case of disaster

yeah Eddie! this sound like a start on very complex framework as you mentioned it to fillippone. i really wondering that you're able to manage all the positions just with the help of your mind and without a computer. this is really a task for a machine. it can handle it without errors if well coded.

d_eddie

legendary

Activity: 2520

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Quote from: LFC_Bitcoin on October 07, 2019, 02:07:53 PM

Quote from: Gyrsur on October 07, 2019, 02:03:22 PM

thanks Eddie! and I'm unfortunately out of sMerit. you deserves some!

I got you!

Thanks to both

@Dabs, this feels like home doesn't it?

Dabs

legendary

Activity: 3416

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The Concierge of Crypto

I wander out of this thread for a little bit, then I get crucified. Back to Observing the Wall. Much nicer in here.

makrospex

sr. member

Activity: 728

Merit: 317

nothing to see here

Quote from: bitcoinPsycho on October 07, 2019, 10:46:37 AM

Quote from: makrospex on October 07, 2019, 06:55:52 AM

Quote from: bitcoinPsycho on October 07, 2019, 05:12:42 AM

Pump up the jam, pump it up
While you feet are stompin'
...

Salt'n Pepa!!!
Thanks for refreshing these memories Grin

Scraping around $8k again.

Salt n pepper no . It is Technotronic from Mic g's home country Cool

Of course!
The beat is
the beat is
the beat is technotronic.

Sorry my poor mind, thanks anyway Cool

LFC_Bitcoin

legendary

Activity: 3556

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#1 VIP Crypto Casino

Quote from: Gyrsur on October 07, 2019, 02:03:22 PM

thanks Eddie! and I'm unfortunately out of sMerit. you deserves some!

I got you!

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Gyrsur on October 07, 2019, 01:48:26 PM

so $8254.3 in my chart was a high. it goes down a bit now. I should have closed the long. but to late. Roll Eyes

EDIT: I'm not good in discretionary approaches really. I need simple rules which I can write into code and then let the machine trade and just observing and improving.

Decisions such as these can't be coded into a bot. Or if they can, I have no clue. Or maybe I have a clue but just can't spill the beans for obvious reasons Tongue

What you can do is program a bot to set up complex conditional orders - which can be a real help as long as your connection to the exchange is steady, which in turn isn't a safe assumption with all the verlakkerij that's going on.

A few examples of complex conditional order:

- if the long suffers more than 10% from here, cash out 20% of the short

- if she goes down >100$, increase the long a bit and tighten its stop loss by 15$ while cashing out the btc equivalent of 200$ from the short (maybe to finance the increased long and keep your staked margin in check)

- if after going down >150$ (but <300$), she heads back up, cancel these 3 orders I put there in case of disaster

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: d_eddie on October 07, 2019, 01:54:58 PM

Quote from: Gyrsur on October 07, 2019, 01:34:50 PM

great! it sounds like a not so easy system for real pros. but what the hell do you mean with SOMA. I just asked before but probably you didn't read it.

Sorry Gyrsur, didn't notice. It's an inside game for WO-ers...

Straight Outta My Ass.

Meaning, I'm not that good at TA - mainly because I don't put a lot of faith in it. I do have hunches, but they're wrong half of the time. So I plan for both scenarios. If I smell storms, I chicken out. When I think there's a decent chance to make a little profit one way or another, I put my big toe in the water. If it feels OK, I get knee deep. And so on. I never denied it does take a little work. What matters with me is that I can do it with a cool, detached head, without impulse "recovery" trades that would drag me in the abyss. Admittedly, cool comes easier once you manage to sit on a profit buffer AND you only stake all games with the same fixed amount, stashing away the excess into cold storage, with some sensible schedule you find works for you.

thanks Eddie! and I'm unfortunately out of sMerit. you deserves some!

Gyrsur

legendary

Activity: 2856

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Bitcoin Legal Tender Countries: 2 of 206

Quote from: theymos on October 07, 2019, 01:54:24 PM

I hadn't been following this closely for a while, but the class action complaint against Tether/BitFinex makes things look pretty bad for them... How important are they to the current ecosystem at this point? How much has the risk of Finex+USDT going the way of MtGox already been priced in?

The complaint doesn't completely convince me that Finex was printing USDT to manipulate prices, though it's certainly possible. I've been skeptical of USDT's backing for a long time. If they weren't manipulating, then the whole matter looks like the US government stole their money and then turned around and said, "Now you're operating at fractional reserve, so you're fraudulent!"

hmm. sounds creepy if true. so cheap coins for everyone Huh

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Gyrsur on October 07, 2019, 01:34:50 PM

great! it sounds like a not so easy system for real pros. but what the hell do you mean with SOMA. I just asked before but probably you didn't read it.

Sorry Gyrsur, didn't notice. It's an inside game for WO-ers...

Straight Outta My Ass.

Meaning, I'm not that good at TA - mainly because I don't put a lot of faith in it. I do have hunches, but they're wrong half of the time. So I plan for both scenarios. If I smell storms, I chicken out. When I think there's a decent chance to make a little profit one way or another, I put my big toe in the water. If it feels OK, I get knee deep. And so on. I never denied it does take a little work. What matters with me is that I can do it with a cool, detached head, without impulse "recovery" trades that would drag me in the abyss. Admittedly, cool comes easier once you manage to sit on a profit buffer AND you only stake all games with the same fixed amount, stashing away the excess into cold storage, with some sensible schedule you find works for you.

theymos

administrator

Activity: 5222

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I hadn't been following this closely for a while, but the class action complaint against Tether/BitFinex makes things look pretty bad for them... How important are they to the current ecosystem at this point? How much has the risk of Finex+USDT going the way of MtGox already been priced in?

The complaint doesn't completely convince me that Finex was printing USDT to manipulate prices, though it's certainly possible. I've been skeptical of USDT's backing for a long time. If they weren't manipulating, then the whole matter looks like the US government stole their money and then turned around and said, "Now you're operating at fractional reserve, so you're fraudulent!"

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: vapourminer on October 07, 2019, 01:35:48 PM

Quote from: makrospex on October 07, 2019, 01:08:52 AM

Quote from: JayJuanGee on October 07, 2019, 12:44:31 AM

Quote from: realr0ach on October 07, 2019, 12:19:44 AM

How are these fucktards at Bitfinex not in jail yet when the entire planet knows?

Just because your search engine automatically fills in the same keywords that you have been typing in for the last 3+ years does not mean that there is any kind of significance behind such autofill.

Are you retarded, roach? (that's a rhetorical question, so you don't really need to answer it)

I bet it's his search history.

duckduckgo doesnt store your search history

Look at you. Party poop.

Injecting reality into our trolling of the troll. Sad

Gyrsur

legendary

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so $8254.3 in my chart was a high. it goes down a bit now. I should have closed the long. but to late. Roll Eyes

EDIT: I'm not good in discretionary approaches really. I need simple rules which I can write into code and then let the machine trade and just observing and improving.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Gyrsur on October 07, 2019, 01:24:28 PM

Quote from: d_eddie on October 07, 2019, 01:14:39 PM

Quote from: Gyrsur on October 07, 2019, 01:03:54 PM

Quote from: becoin on October 07, 2019, 12:57:34 PM

Who sold at the bottom?

EDIT: btw, I have a 0.2 BTC open short in my books but just in DEMO account. waiting for d_eddie to get the sign if I can close it. Roll Eyes

Heya brother-in-corn, this responsibility weighs upon my shoulders like a couple lambos! Close it as soon as it goes green. It's a short after all, better never let them go too far... or open a hedging long just in case Grin

it's hedged already with a long. the long is 260.2 points in green and the short is 488.7 points in red. I've borrowed the casino chips from my grandma and have to pay her back after Christmas. what should I do Buddy?

Grin

If you don't like the idea of having to cut up your grandma and chuck her somewhere after the deed is done, you could try different approaches that only involve trading.

We need more info: the relative size of the 2 sides is the most important. Entry points not that much (their effects near/far from entry also depend on the detailed structure of the relevant derivative(s)).

If they were open at the same time, it would mean the short is ~1.9 times as large as the long. So each step up pays you 1 and costs you 1.9. A simple chicken-out strategy is: try to make the positions equal as much as you can, exploiting any "discount" (that is, dips if it's the short you're trying to reduce). Once they're equal, you are more or less insensitive to price variation because, as many have pointed out, it's equivalent to being flat (IF after that point, you close them together!). When you're there, you can assess your realized P&L and either close the game (no-brainer if you're green overall) or keep it going.

This is what I'd do, at least - but most importantly, I would try not to find myself with the short larger than the long in an uptrend! That's what planning ahead is about.

Globb0

legendary

Activity: 2702

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Free spirit

Quote from: xhomerx10 on October 07, 2019, 12:48:14 PM

Quote from: Icygreen on October 07, 2019, 12:42:22 PM

Quote from: Paashaas on October 07, 2019, 04:03:30 AM

Quote from: Icygreen on October 07, 2019, 01:33:59 AM

Whelp, vodka # 6

Drinking on a monday morning? Shocked

Technically yes but only the wee hours, and now just waking up from a Wodka slumber, Polish pronunciation Wink

Checks price to see how much value that drunken but heartfelt trade has cost me. Shocked

looks at bottle of frosty Wodka again, Grin

Just you and me baby!

Oooh so frosty! Nice.

This is the way I drink my daily vodka diet

Gyrsur

legendary

Activity: 2856

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Bitcoin Legal Tender Countries: 2 of 206

Quote from: d_eddie on October 07, 2019, 01:33:05 PM

Quote from: Gyrsur on October 07, 2019, 01:24:28 PM

Quote from: d_eddie on October 07, 2019, 01:14:39 PM

Quote from: Gyrsur on October 07, 2019, 01:03:54 PM

Quote from: becoin on October 07, 2019, 12:57:34 PM

Who sold at the bottom?

EDIT: btw, I have a 0.2 BTC open short in my books but just in DEMO account. waiting for d_eddie to get the sign if I can close it. Roll Eyes

Heya brother-in-corn, this responsibility weighs upon my shoulders like a couple lambos! Close it as soon as it goes green. It's a short after all, better never let them go too far... or open a hedging long just in case Grin

it's hedged already with a long. the long is 260.2 points in green and the short is 488.7 points in red. I've borrowed the casino chips from my grandma and have to pay her back after Christmas. what should I do Buddy?

Grin

Kill your grandma!

(Wheew, that was easy.)

Umm noo! my last relative.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: makrospex on October 07, 2019, 01:08:52 AM

Quote from: JayJuanGee on October 07, 2019, 12:44:31 AM

Quote from: realr0ach on October 07, 2019, 12:19:44 AM

How are these fucktards at Bitfinex not in jail yet when the entire planet knows?

Just because your search engine automatically fills in the same keywords that you have been typing in for the last 3+ years does not mean that there is any kind of significance behind such autofill.

Are you retarded, roach? (that's a rhetorical question, so you don't really need to answer it)

I bet it's his search history.

duckduckgo doesnt store your search history

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

Quote from: d_eddie on October 07, 2019, 01:30:50 PM

Quote from: Gyrsur on October 07, 2019, 01:18:01 PM

Quote from: d_eddie on October 07, 2019, 01:10:01 PM

Quote from: Gyrsur on October 07, 2019, 01:03:54 PM

Quote from: becoin on October 07, 2019, 12:57:34 PM

Who sold at the bottom?

d_eddie because of "trading with a hedge"? Wink

Well, I've just sold something on the way up. Actually closed the short before loss (really tiny profit) and reopened it higher, a little larger. If she keeps going up, I will close it in loss when the long is near or above parity. As long as the long is larger I'm OK. If she gets back down, I'll cash out half of the short and play a little wait and see.

sounds like plan. i guess your system is much nondeterministic.

Uh ehm, the system saw the light after a... uh... how can I explain... a dream where I saw mammoths in the charts, stampeding on us poor hodlers. It was around the time when most of us agreed we were in bear territory, long before we started talking about capitulation, which became the rage only later. I opened a short, staking most of my play money (which current me, more seasoned and detached, wouldn't do). I cashed it out a little at a time, reconstructing it at every bounce. I doubled my play money (100% btc, no fiat) in a few months, like 4-6. So the system is solidly rooted in pure SOMA practice.

It does require work and planning ahead - planning for both directions! I try to make my plans on a cool head, with no positions open, and mostly stick to them, with occasional tweaks inspired by sentiment, whim, suggestions and of course fresh SOMA results.

great! it sounds like a not so easy system for real pros. but what the hell do you mean with SOMA. I just asked before but probably you didn't read it.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: Gyrsur on October 07, 2019, 01:24:28 PM

Quote from: d_eddie on October 07, 2019, 01:14:39 PM

Quote from: Gyrsur on October 07, 2019, 01:03:54 PM

Quote from: becoin on October 07, 2019, 12:57:34 PM

Who sold at the bottom?

EDIT: btw, I have a 0.2 BTC open short in my books but just in DEMO account. waiting for d_eddie to get the sign if I can close it. Roll Eyes

Heya brother-in-corn, this responsibility weighs upon my shoulders like a couple lambos! Close it as soon as it goes green. It's a short after all, better never let them go too far... or open a hedging long just in case Grin

it's hedged already with a long. the long is 260.2 points in green and the short is 488.7 points in red. I've borrowed the casino chips from my grandma and have to pay her back after Christmas. what should I do Buddy?

Grin

Kill your grandma!

(Wheew, that was easy.)

g-uid

member

Activity: 259

Merit: 18

Quote from: BitcoinGirl.Club on October 07, 2019, 01:21:10 PM

$5k soon!!!!

Reverse engineering 🤪

?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9254. (Read 26713762 times)