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The Really Useless Thread

  • #1,041
  • Aug 23, 2011 1:14am Aug 23, 2011 1:14am
Quoting PayTheLimit
ditto on the level, ditto on the smokes...
Ditto on the ditto!
  • #1,042
  • Aug 23, 2011 1:15am Aug 23, 2011 1:15am
Quoting kenfen69
Trying again from 4483...quite large...tight stops. I want a top!

Not advisable, I know.
30% out at +10.
  • #1,043
  • Aug 23, 2011 1:15am Aug 23, 2011 1:15am
Quoting kenfen69
Ditto on the ditto!

lol...52 on em...
Look Sharp/Trade Tight
  • #1,044
  • Aug 23, 2011 1:21am Aug 23, 2011 1:21am
Quoting PayTheLimit
lol...52 on em...
Would be a nice ride!
  • #1,045
  • Aug 23, 2011 1:23am Aug 23, 2011 1:23am
Quoting PayTheLimit
lol...52 on em...
Bollocks...are we getting a flag already on the M1?
  • #1,046
  • Aug 23, 2011 1:30am Aug 23, 2011 1:30am
Ken - I missed one of your earlier questions. Truth be told, these explosive momentum days like the one we are currently experiencing are an anathema to me. I don't do very well and end up sitting on the sidelines for the most part. I know, I know, that's dumb - why not just go with the flow? But that's not the way I trade and my levels aren't set up to handle these one sided moves (can't have everything, eh?). What happens is, as the price rockets, the levels recalculate to keep up with price and basically become useless. It's pointless to short these moves unless you want to get killed, and the pullbacks are few and far between and don't amount to much when they do occur. I guess that's a long winded way of stating the obvious - days like today are not for scalpers. I live for range days (obviously), and just watch in amazement on a day like today.

Call me chicken, but I'd rather sit on the sideline than do something I'll regret.
  • #1,047
  • Aug 23, 2011 1:31am Aug 23, 2011 1:31am
hello
  • #1,048
  • Aug 23, 2011 1:42am Aug 23, 2011 1:42am
Quoting PayTheLimit
lol...52 on em...
57 might be better..
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 16 KB
Look Sharp/Trade Tight
  • #1,049
  • Aug 23, 2011 1:45am Aug 23, 2011 1:45am
bastards..
Look Sharp/Trade Tight
  • #1,050
  • Aug 23, 2011 1:46am Aug 23, 2011 1:46am
Quoting Forexcube
Swing Trades
Have set some Longs (Exit 1.4480 maybe today) and some Shorts at 4360 (Exit 1.4140 maybe in the next days) and will take a look in 24 hours later (for the Long) and the end of this week for the Shorties.

Scalp the EU-Rubber Band?
Besides, ...the ups and downs at M1/M5 where nobody knows where to go.

Ding-dong. 1.4480 has reached today...., and go short at 1.4475 just now with a Target around 1.4295.
  • #1,051
  • Aug 23, 2011 1:46am Aug 23, 2011 1:46am
Quoting Turhovach
Call me chicken, but I'd rather sit on the sideline than do something I'll regret.
Great answer, mate! Pretty much what I thought you were going to say.

Too much, too fast. They are a thing of beauty to watch, though. I'm know for trying to pick tops, though, too. Got a decent one here from 4483. 30% closed at +10..30% at +15...and just did 20% at +20. 20% still floating...will shut her down at BE if it hits.

Will watch for this next news on the hour...if I can add going south, I may. If its north...back to the sidelines. I won't be longing this far into the move today.
  • #1,052
  • Aug 23, 2011 1:48am Aug 23, 2011 1:48am
Quoting PayTheLimit
bastards..
The bastards are mighty today, my friend.
  • #1,053
  • Aug 23, 2011 1:50am Aug 23, 2011 1:50am
Quoting PayTheLimit
57 might be better..
Damn...that 57 was close!

No wonder they made you call their names!

Quoting PayTheLimit
bastards..
  • #1,054
  • Aug 23, 2011 1:53am Aug 23, 2011 1:53am
Quoting kenfen69
Damn...that 57 was close!

No wonder they made you call their names!
and because they missed it, I am reducing my bid, pay 42 now...
Look Sharp/Trade Tight
  • #1,055
  • Aug 23, 2011 1:59am Aug 23, 2011 1:59am
Quoting PayTheLimit
and because they missed it, I a reducing by bid, pay 42 now...
Bastardly...I like it!

Here comes that news...
  • #1,056
  • Aug 23, 2011 2:01am Aug 23, 2011 2:01am
Oh my. Oooops

Horrible numbers...
  • #1,057
  • Aug 23, 2011 2:02am Aug 23, 2011 2:02am
Quoting kenfen69
Bastardly...I like it!

Here comes that news...
done on the lip for +40...caught a lucky break on the news...
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 15 KB
Look Sharp/Trade Tight
  • #1,058
  • Aug 23, 2011 2:03am Aug 23, 2011 2:03am
Quoting PayTheLimit
bastards..
Bastards did it again on London open. Let me without a trace for that move and now horrible German sentiment numbers and obviously even worse in the EZ. Watch for gold breaking higher and stock finding high of the day probably. I am out of options for entries in the Euro. Too high too long and against FA and in the middle of nowhere to short...bastards

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #1,059
  • Aug 23, 2011 2:06am Aug 23, 2011 2:06am
Quoting PayTheLimit
done on the lip for +40...caught a lucky break on the news...
I deleted a post. Was a little rambunctious because it paid well!

Lucky on the new$...but was setup well.
  • #1,060
  • Aug 23, 2011 2:09am Aug 23, 2011 2:09am
Quoting kenfen69
I deleted a post. Was a little rambunctious because it paid well!

Lucky on the new$...but was setup well.
indeed, now what I wonder, might have to wait for the hourly to close, could be a good clue...
Look Sharp/Trade Tight
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