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The Really Useless Thread

  • #2,241
  • Aug 24, 2011 7:31am Aug 24, 2011 7:31am
Quoting cloggie
Another 2 weeks and we will be back to normal service. Can't wait either, normally don't trade a lot during August, a bit of a waste of time, this year it hasn't been too bad, pretty well defined ranges to play of.
When I think about it...its probably been the best August I've ever traded. Money wise, for sure...but I just mean for actually being able to trade. I remember a few years, where there were a lot of crap shoot trades.

I guess if the world is harmonious...banksters actually get to have proper holidays. I get the feeling that there are more arses in the seats because of the state of everything right now. Could be dreaming, but that's my hunch.
  • #2,242
  • Aug 24, 2011 7:33am Aug 24, 2011 7:33am
Finally some "decent" news in the US. Clearing most at H4 R here and trailing the rest for a potential test of Weekly highs....GL all in positions.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #2,243
  • Aug 24, 2011 7:36am Aug 24, 2011 7:36am
449x potential tl res if and when (daily chart)..
  • #2,244
  • Aug 24, 2011 7:37am Aug 24, 2011 7:37am
Quoting cloggie
Scaling in properly just means that you are using the Market's money and don't risk any of your own capital, once that first trade is in profit, I use that profit to add to the trade and so on, on good runners I can easily get a scaled in profit of 400-500 pips with zero exposure of my own money. Cloggie's private money printing press.
Thats a thing of beauty. I need to work on that. I have a way that I normally go about top/bottom hunting, but it involves pulling money out fairly quick at the start in case I haven't stuck it. That buys me another 10-12 pips above entry to get out at BE, or decide to go in again looking for the top. Once I peg it...game on.

Going to really try and focus on the snowballing now. Can be incredibly lucrative. Nailing a top isn't particularly easy...finding one should be rewarded!
  • #2,245
  • Aug 24, 2011 7:37am Aug 24, 2011 7:37am
Didnt wanna be greedy
Took the pips
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  • #2,246
  • Aug 24, 2011 7:38am Aug 24, 2011 7:38am
Quoting PipChick
Didnt wanna be greedy
Took the pips
Great trading PC.
  • #2,247
  • Aug 24, 2011 7:39am Aug 24, 2011 7:39am
Quoting chazzle
well didn't exactly crash but taking it anyway looking toward 410 will call it quits around 470
closing 455 ( -5 )
  • #2,248
  • Aug 24, 2011 7:39am Aug 24, 2011 7:39am
sh 4465...
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  • #2,249
  • Aug 24, 2011 7:40am Aug 24, 2011 7:40am
Quoting ukdaytrader
Great trading PC.
And same to you Mikey!!!
  • #2,250
  • Aug 24, 2011 7:41am Aug 24, 2011 7:41am
They better push it now before NY.
  • #2,251
  • Aug 24, 2011 7:43am Aug 24, 2011 7:43am
Quoting attila
They better push it now before NY.

I'll look for my next trade once this news mallarkey has filtered through.
  • #2,252
  • Aug 24, 2011 7:44am Aug 24, 2011 7:44am
Quoting cloggie
I'll look for my next trade once this news mallarkey has filtered through.
I'll start looking for shorts...
  • #2,253
  • Aug 24, 2011 7:46am Aug 24, 2011 7:46am
Quoting attila
I'll start looking for shorts...

I may do the same, all depending on how 62 acts here.
  • #2,254
  • Aug 24, 2011 7:46am Aug 24, 2011 7:46am
Quoting FibbinArchie
449x potential tl res if and when (daily chart)..
if broken, i have 452x flag pole projection and wr1..
  • #2,255
  • Aug 24, 2011 7:47am Aug 24, 2011 7:47am
Quoting cloggie
I may do the same, all depending on how 62 acts here.
It should go higher. I've got some longs to up there. LOL.
  • #2,256
  • Aug 24, 2011 7:49am Aug 24, 2011 7:49am
Quoting FibbinArchie
if broken, i have 452x flag pole projection and wr1..
yep...4524 is a big one.
  • #2,257
  • Aug 24, 2011 7:52am Aug 24, 2011 7:52am
Quoting kenfen69
yep...4524 is a big one.
same level, struggling with this 62 magnet atm...
  • #2,258
  • Aug 24, 2011 7:53am Aug 24, 2011 7:53am
Quoting FibbinArchie
same level, struggling with this 62 magnet atm...
sticky bastard...every time!
  • #2,259
  • Aug 24, 2011 7:56am Aug 24, 2011 7:56am
Quoting kenfen69
sticky bastard...every time!

We had 3 good numbers today 02-38-62, worked a treat.
  • #2,260
  • Aug 24, 2011 7:58am Aug 24, 2011 7:58am
Well guys its that time of day
Done trading for NY hours. I will leave that to the better traders
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