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The Really Useless Thread

  • #2,021
  • Aug 24, 2011 3:29am Aug 24, 2011 3:29am
Quoting cloggie
Wonder how many muppets shorted the news like yesterday and got stopped out again...... It is fun to watch.
that was a fast spike, never trust the initial post news direction..
  • #2,022
  • Aug 24, 2011 3:30am Aug 24, 2011 3:30am
Quoting cloggie
Boring ain't it.

38 is the new 02 here. IF you are in a long, hang tight till 38 is decided, if you are thinking about a long, wait for 38 is resolved, if you are thinking about short, don't
  • #2,023
  • Aug 24, 2011 3:31am Aug 24, 2011 3:31am
Look at the last two M15 bars...bananas.

You can only trade what you see, but when what you see defies any form of logic, what are you supposed to do? Me...I sit on my hands until something makes sense again.

Can always try my top picking skills again, I suppose. I lost one for -8pips last night based around 4450...didn't hold. Might hit sidelines for a bit.
  • #2,024
  • Aug 24, 2011 3:31am Aug 24, 2011 3:31am
Quoting FibbinArchie
that was a fast spike, never trust the initial post news direction..
Never trust news FULL STOP. It's the biggest con there is imo.
  • #2,025
  • Aug 24, 2011 3:32am Aug 24, 2011 3:32am
Quoting ukdaytrader
Never trust news FULL STOP. It's the biggest con there is imo.
good point...
  • #2,026
  • Aug 24, 2011 3:32am Aug 24, 2011 3:32am
Quoting Mr Hatch
lol... make bastardal your first choice and you can ride the bitch like a cowboy... pulling her hair and spanking her butt.
Hahahahahaha...

Man, I'm a dumbass...correction made.

Thank you Hutchinson!
  • #2,027
  • Aug 24, 2011 3:33am Aug 24, 2011 3:33am
Quoting kenfen69
Look at the last two M15 bars...bananas.

You can only trade what you see, but when what you see defies any form of logic, what are you supposed to do? Me...I sit on my hands until something makes sense again.

Can always try my top picking skills again, I suppose. I lost one for -8pips last night based around 4450...didn't hold. Might hit sidelines for a bit.

I will be looking for roughly the same play as yesterday again once this move up fizzles out, there is a lovely 100 pipper in the making, we just need to get this 38/62 resolved, a failure again to hit 4524 today will be the area to sell again. For now either stay in your long, or just watch the action here.

No top to pick just yet.
  • #2,028
  • Aug 24, 2011 3:33am Aug 24, 2011 3:33am
Quoting FibbinArchie
good moaning...
ECB buying Italian bonds
By Gerry Davies || August 24, 2011 at 08:21 GMT
Moaning Arch!

Playing safe?
  • #2,029
  • Aug 24, 2011 3:35am Aug 24, 2011 3:35am
Quoting FibbinArchie
good moaning...
ECB buying Italian bonds
By Gerry Davies || August 24, 2011 at 08:21 GMT

Fibbin, please no Forexlive here, this is the bastard thread, we actually trade and don't read the muppet news sites.....


BTW, welcome to the thread, Ken's got a bastard of a place going here.
  • #2,030
  • Aug 24, 2011 3:36am Aug 24, 2011 3:36am
Quoting kenfen69
Moaning Arch!

Playing safe?
just a few decent scalps so far ken, thinking about long possibly on a pull back to dpp, if pa agrees...

but need to go out for a few hours..
  • #2,031
  • Aug 24, 2011 3:39am Aug 24, 2011 3:39am
Quoting cloggie
I will be looking for roughly the same play as yesterday again once this move up fizzles out, there is a lovely 100 pipper in the making, we just need to get this 38/62 resolved, a failure again to hit 4524 today will be the area to sell again. For now either stay in your long, or just watch the action here.

No top to pick just yet.
Wise plan!

If you feel like you're in the film Groundhog Day because one day is just like the last, over and over and over again...I guess you need to exploit it at some point, right?
  • #2,032
  • Aug 24, 2011 3:40am Aug 24, 2011 3:40am
Took a small long on this pullback. @ 35.
Hoping for the break of 42......
  • #2,033
  • Aug 24, 2011 3:40am Aug 24, 2011 3:40am
Quoting kenfen69
Wise plan!

She's trying to resolve 38 right now, not as clearcut as it was yesterday though, a bit messier here.
  • #2,034
  • Aug 24, 2011 3:43am Aug 24, 2011 3:43am
Quoting FibbinArchie
just a few decent scalps so far ken, thinking about long possibly on a pull back to dpp, if pa agrees...

but need to go out for a few hours..
Scalpel operations are all I've been up to as well, mate. Pips in the bank...non-committal...suits me for now.

I actually have a nice little one on here now, too.
  • #2,035
  • Aug 24, 2011 3:43am Aug 24, 2011 3:43am
Quoting ukdaytrader
Took a small long on this pullback. @ 35.
Hoping for the break of 42......
say what TF are you taking your triggers off of, thnxs, PTL..
Look Sharp/Trade Tight
  • #2,036
  • Aug 24, 2011 3:46am Aug 24, 2011 3:46am
Quoting cloggie
Fibbin, please no Forexlive here, this is the bastard thread, we actually trade and don't read the muppet news sites.....


BTW, welcome to the thread, Ken's got a bastard of a place going here.
soz clogster, and thanks...
  • #2,037
  • Aug 24, 2011 3:46am Aug 24, 2011 3:46am
Quoting PayTheLimit
say what TF are you taking your triggers off of, thnxs, PTL..
Have been taking my triggers today off the 1m chart. Not my usual way of trading tbh, but my longer term strategy needs to play out above 1.45.
Just scalping the short term fibs + divergence. haven't got it quite right yet, but the idea looks promising.
  • #2,038
  • Aug 24, 2011 3:46am Aug 24, 2011 3:46am
Quoting cloggie
She's trying to resolve 38 right now, not as clearcut as it was yesterday though, a bit messier here.
Is she getting toppy already? Hmmmmm.

Got a nice entry if she is.
  • #2,039
  • Aug 24, 2011 3:47am Aug 24, 2011 3:47am
Quoting kenfen69
Scalpel operations are all I've been up to as well, mate. Pips in the bank...non-committal...suits me for now.

I actually have a nice little one on here now, too.
yeah, very choppy conditions..
  • #2,040
  • Aug 24, 2011 3:48am Aug 24, 2011 3:48am
Quoting ukdaytrader
Have been taking my triggers today off the 1m chart. Not my usual way of trading tbh, but my longer term strategy needs to play out above 1.45.
Just scalping the short term fibs + divergence. haven't got it quite right yet, but the idea looks promising.
gotcha, figured as much, thanks..
Look Sharp/Trade Tight
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