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The Really Useless Thread

  • #1,641
  • Aug 23, 2011 5:16pm Aug 23, 2011 5:16pm
I agree, thanks cloggie.
Quoting cloggie
IF I was going to hold trades overnight, they would be to the long side, not seeing a good enough setup to do so and am not here to babysit them.

Futures are still holding up, Gold is recovering its earlier drop and WTI is holding the top, no shorts from a risk point of view here just yet. Longs should keep a close eye on 38 as that will open the way to 60. Longs only a few pips in profit need to lock that in as 38 was rejected on the roll and there is a bit of room left to the down side here. Watch the higher TF's for those holding...
  • #1,642
  • Aug 23, 2011 5:24pm Aug 23, 2011 5:24pm
I take that as a possible revisit of the 4385 for a possible DBL BTM..or close to one

Quoting cloggie
IF I was going to hold trades overnight, they would be to the long side, not seeing a good enough setup to do so and am not here to babysit them.

Futures are still holding up, Gold is recovering its earlier drop and WTI is holding the top, no shorts from a risk point of view here just yet. Longs should keep a close eye on 38 as that will open the way to 60. Longs only a few pips in profit need to lock that in as 38 was rejected on the roll and there is a bit of room left to the down side here. Watch the higher TF's for those holding...
  • #1,643
  • Aug 23, 2011 5:24pm Aug 23, 2011 5:24pm
Quoting cloggie
...
Those contemplating entries here are mad, we are in the deadzone, the only trades should be the ones already in, or the ones planned for the TY open, with the customary fakeouts from the other exchanges, if a trader does not know what I am talking about, he has no business being in this business.
We have entered

Attached Image
  • #1,644
  • Aug 23, 2011 5:24pm Aug 23, 2011 5:24pm
Quoting attila
I agree, thanks cloggie.

It is just a mishmash here right now, 38 is holding and there are a few easy stops to pick to the downside here. There is a reason I don't hold trades overnight tonight here. 38 being the roll and the London roll looking to be sub 30 is just not looking good for longer term longs.

We are in scalping territory here and that is just not something I can plan for while I get some zzzzzz's
  • #1,645
  • Aug 23, 2011 5:26pm Aug 23, 2011 5:26pm
Quoting bbakker
We have entered

Attachment

Yup, the only thing to do here is note the rolls, finding setups is fool's play.
  • #1,646
  • Aug 23, 2011 5:28pm Aug 23, 2011 5:28pm
Quoting cloggie
Yup, the only thing to do here is note the rolls, finding setups is fool's play.

agreed...on that note...dinna time/....
  • #1,647
  • Aug 23, 2011 5:52pm Aug 23, 2011 5:52pm
Good to see all the top traders from Eu thread in here without the noise.

Good job Kenfen.

Btw does anyone see Oil as a no brainer short for a longterm basis?

With continued deteriorating conditions of global economies and conflict in Libya getting near to an end, which way the oil could go than?
.
  • #1,648
  • Aug 23, 2011 5:54pm Aug 23, 2011 5:54pm
I suspect 80 will hit again....then the mid 40's

Quoting nasir.khan
Good to see all the top traders from Eu thread in here without the noise.

Good job Kenfen.

Btw does anyone see Oil as a no brainer short for a longterm basis?

With continued deteriorating conditions of global economies and conflict in Libya getting near to an end, which way the oil could go than?
.
  • #1,649
  • Edited 6:20pm Aug 23, 2011 6:07pm | Edited 6:20pm
I know what cloggie said, but I still don't like longs. I mean, don't like them at all... So I'm starting to change the longs/shorts ratio here for a possible bottom at 4360..
  • #1,650
  • Aug 23, 2011 6:15pm Aug 23, 2011 6:15pm
Quoting cloggie
IF I was going to hold trades overnight, they would be to the long side, not seeing a good enough setup to do so and am not here to babysit them.

Futures are still holding up, Gold is recovering its earlier drop and WTI is holding the top, no shorts from a risk point of view here just yet. Longs should keep a close eye on 38 as that will open the way to 60. Longs only a few pips in profit need to lock that in as 38 was rejected on the roll and there is a bit of room left to the down side here. Watch the higher TF's for those holding...
I have to say, this is a quintessential example of the kind of post that can make this thread something good. Blend of cross-market fundamentals, level observations, and from-experience overall feeling. No bu11sh@t, no waffle.

If the young-un's come and read, and then go try to figure out what was meant by what was said, they have a shot to become traders. They hang around with the signal calling bs artists, they get to go try doing something else for a living.
  • #1,651
  • Aug 23, 2011 6:25pm Aug 23, 2011 6:25pm
Quoting OldQuant
I have to say, this is a quintessential example of the kind of post that can make this thread something good. Blend of cross-market fundamentals, level observations, and from-experience overall feeling. No bu11sh@t, no waffle.

If the young-un's come and read, and then go try to figure out what was meant by what was said, they have a shot to become traders. They hang around with the signal calling bs artists, they get to go try doing something else for a living.
yes,,,i did exactly that.....lotta old salts in here....hows it goin OQ
  • #1,652
  • Aug 23, 2011 6:33pm Aug 23, 2011 6:33pm
Quoting needpips
I suspect 80 will hit again....then the mid 40's
Was trading near 90$ before the conflict and ended up on 115$ after it.

So if all goes well ( no hiccups from the Gov regarding the contracts etc) Libya would be back to 100% production in 1 year (as speculated), So that should give us back our 25$. So we would end up on 60$ in near future by this calculation.

Meanwhile we are already down 30$ from the top on concerns about growth and recessions around the world.

So it also depends on how Eco's perform in next 3-6 months and if this down trend continue's we would definitely end below 60$ and Vice Versa.

IMHO.
.
  • #1,653
  • Aug 23, 2011 6:38pm Aug 23, 2011 6:38pm
my options trades acct for 62.50...then a pop north then south to 40's

Quoting nasir.khan
Was trading near 90$ before the conflict and ended up on 115$ after it.

So if all goes well ( no hiccups from the Gov regarding the contracts etc) Libya would be back to 100% production in 1 year (as speculated), So that should give us back our 25$. So we would end up on 60$ in near future by this calculation.

Meanwhile we are already down 30$ from the top on concerns about growth and recessions around the world.

So it also depends on how Eco's perform in next 3-6 months and if this down trend continue's we would definitely end below 60$ and...
  • #1,654
  • Aug 23, 2011 6:55pm Aug 23, 2011 6:55pm
Quoting OldQuant
I have to say, this is a quintessential example of the kind of post that can make this thread something good. Blend of cross-market fundamentals, level observations, and from-experience overall feeling. No bu11sh@t, no waffle.

If the young-un's come and read, and then go try to figure out what was meant by what was said, they have a shot to become traders. They hang around with the signal calling bs artists, they get to go try doing something else for a living.
look at my attachments for the day... I would like to talk to you about them sometime

actually, this:

http://www.forexfactory.com/showthre...96#post4894296

http://www.forexfactory.com/showthre...19#post4894719

hard to follow everything for me actually. so just let me know.
  • #1,655
  • Aug 23, 2011 6:58pm Aug 23, 2011 6:58pm
hello guys
  • #1,656
  • Aug 23, 2011 7:11pm Aug 23, 2011 7:11pm
We just matched last Asia close
  • #1,657
  • Aug 23, 2011 7:23pm Aug 23, 2011 7:23pm
Taken 50% off and moved to BE as I am off to bed now and can't be bothered to wait till it reaches my 1st target as I am getting tired. Very nice R/R so far!

Attached Image (click to enlarge)
Click to Enlarge Name: Gold_long_again.png Size: 35 KB


Goodnight all!
  • #1,658
  • Aug 23, 2011 7:27pm Aug 23, 2011 7:27pm
Quoting bbakker
Taken 50% off and moved to BE as I am off to bed now and can't be bothered to wait till it reaches my 1st target as I am getting tired. Very nice R/R so far!
Nicely done mate! Sleep well.
  • #1,659
  • Aug 23, 2011 7:30pm Aug 23, 2011 7:30pm
Quoting kenfen69
60% out at +8pips. Just getting ready for the roll...flat-ish.
Closed out three more partials on this one. Just down to .1 pip blowing around.

Attached Image (click to enlarge)
Click to Enlarge Name: 5min.PNG Size: 42 KB
  • #1,660
  • Aug 23, 2011 7:31pm Aug 23, 2011 7:31pm
Quoting kenfen69
Closed out three more partials on this one. Just down to .1 pip blowing around.

Attachment
Im looking for 4408.....subsequently Clog's 4402....
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