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The Really Useless Thread

  • #6,261
  • Aug 31, 2011 2:26pm Aug 31, 2011 2:26pm
see ya OQ...
Look Sharp/Trade Tight
  • #6,262
  • Aug 31, 2011 2:33pm Aug 31, 2011 2:33pm
Well monthly TA wrap up. Confirmed swing low in the monthly with confirmed LH (1.457x) and breached LL (1.383x low) in a flat bar inside of the range (April bar).

Without a break to LL in monthly, fading the extremes of the range is like alway in a range the best option r:r (1.480x and 1.415x). So nothing tradable or useful in that chart for now until at least a break of last bar high and low and test one of the extremes....

For those who like and use channels, with this last swing low finally there is something to draw and the channel down looks very appropriate for the horizontal levels in play.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #6,263
  • Aug 31, 2011 2:34pm Aug 31, 2011 2:34pm
Quoting RamsesII
AUD/USD: Looking for an hourly close below the rising trendline to continue shorts for further downside and to potentially realize a double top. RSI divergence is helping out a bit...
Definitely an interesting chart. Setup is all there...just need trigger.
  • #6,264
  • Aug 31, 2011 2:36pm Aug 31, 2011 2:36pm
Quoting kenfen69
Definitely an interesting chart. Setup is all there...just need trigger.
Already locked and loaded brotha, as noted this morning...


Quoting Venice
Aussie compressing into minor demand turned supply. Looking for .0720'ish.
Quoting Venice
Edit, took a cheeky short @ .0716 on the Aussie. This is a H4 / Daily chart play, compression, should drop us back a bit. Compression may not be finished to the topside as well, plan has built in expectations for price to possibility visit 7720. Beyond that, it's void. Target #1 H4 (.06400), Target #2 Daily (.0527), Target #3 Daily (.0376).
Just need buyers to GTFO right now. lol Always a dangerous game playing against the carry traders.
  • #6,265
  • Aug 31, 2011 2:39pm Aug 31, 2011 2:39pm
Quoting Venice
Already locked and loaded brotha, as noted this morning...

Just need buyers to GTFO right now. lol
Nice one, mate!

Just never know with that modern day, carry-trade, bastard of a behemoth!
  • #6,266
  • Aug 31, 2011 2:40pm Aug 31, 2011 2:40pm
Quoting kenfen69
Nice one, mate!

Just never know with that modern day, carry-trade, bastard of a behemoth!
I would love to be on board when those freeloaders get unwinded... look out!

Edit: awe piss, today is Wednesday... triple interest payment.
  • #6,267
  • Aug 31, 2011 2:47pm Aug 31, 2011 2:47pm
First stop 44...

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  • #6,268
  • Aug 31, 2011 2:48pm Aug 31, 2011 2:48pm
Quoting Venice
I would love to be on board when those freeloaders get unwinded... look out!

Edit: awe piss, today is Wednesday... triple interest payment.
Hahahaha...

Triple interest? What the hell is that shite? On all br0kers, or just yours? I've never noticed that before.
  • #6,269
  • Aug 31, 2011 2:50pm Aug 31, 2011 2:50pm
Quoting PayTheLimit
yea Sisse, I'm rolling my monthlies over, the yellow are good for Sept...
Thanks PTL.

Here is my chart with my monthly overview & levels I posted above.

sisse
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Pending conversations? PM for a chat...I am mainly in OTM now
  • #6,270
  • Aug 31, 2011 2:50pm Aug 31, 2011 2:50pm
Quoting kenfen69
Hahahaha...

Triple interest? What the hell is that shite? On all br0kers, or just yours? I've never noticed that before.
Yeah... all brokers. Part of the T+2 trade closing process. It handles taking care of interest on Saturday & Sunday. Stupid, as you would think it would do it on open on Sunday... but alas...

Never carried a position on the rollover on Wed? You will probably find the Aud / * pairs have a harder time falling on Wednesdays because of this... people buy into a position just for the interest then close it back out with a few pips + interest.
  • #6,271
  • Aug 31, 2011 2:54pm Aug 31, 2011 2:54pm
Quoting Venice
Yeah... all brokers. Part of the T+2 trade closing process. It handles taking care of interest on Saturday & Sunday. Stupid, as you would think it would do it on open on Sunday... but alas...

Never carried a position on the rollover on Wed?
Sure...long-term stuff. Occasionally have a position through the roll, too...not very often, though.

Guess I should pay more attention to my swaps, but usually isn't a deciding factor in +/-VE.
  • #6,272
  • Aug 31, 2011 2:56pm Aug 31, 2011 2:56pm
Quoting Venice
You will probably find the Aud / * pairs have a harder time falling on Wednesdays because of this... people buy into a position just for the interest then close it back out with a few pips + interest.
Interesting...will watch. I feel like such a dope now.

Can see it now, plain as day on my LT account.
  • #6,273
  • Aug 31, 2011 2:56pm Aug 31, 2011 2:56pm
Quoting kenfen69
Sure...long-term stuff. Occasionally have a position through the roll, too...not very often, though.

Guess I should pay more attention to my swaps, but usually isn't a deciding factor in +/-VE.
Yep. currently my broker is -1.680 pips on the rollover... so I can expect to have a lovely swap fee of about 5 pips + 2.8 spread on the intial entry... not that big of a deal... I guess, but those start to add up.

I never like to have aussie shorts longer then a few days because of this.
  • #6,274
  • Aug 31, 2011 2:56pm Aug 31, 2011 2:56pm
Quoting sisse
Thanks PTL.

Here is my chart with my monthly overview & levels I posted above.

sisse

nice, brother thanks...here is my updated 1hr, rolled over to Sept...looking for 4331 next..
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Look Sharp/Trade Tight
  • #6,275
  • Aug 31, 2011 2:59pm Aug 31, 2011 2:59pm
Quoting PayTheLimit
nice, brother thanks...here is my updated 1hr, rolled over to Sept...looking for 4331 next..
Have a flight soon...anything with a mojitoish vibe going? Just to steady the auld nerves?
  • #6,276
  • Aug 31, 2011 3:01pm Aug 31, 2011 3:01pm
Quoting kenfen69
Have a flight soon...anything with a mojitoish vibe going? Just to steady the auld nerves?

sure sliding 12month...
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Look Sharp/Trade Tight
  • #6,277
  • Aug 31, 2011 3:01pm Aug 31, 2011 3:01pm


Inserted Video
  • #6,278
  • Aug 31, 2011 3:03pm Aug 31, 2011 3:03pm
Quoting PayTheLimit
sure sliding 12month...
Yeah...that's minty. Nice one, mate!

I dig the sliding 12 month. Been making any plays from there?

Edit: Is that a short I see on there? You bastard! Well done.
  • #6,279
  • Aug 31, 2011 3:04pm Aug 31, 2011 3:04pm
Quoting Venice


http://www.youtube.com/watch?v=ihYwcaxEEUk
A classic...with extra hair on the chest!
  • #6,280
  • Aug 31, 2011 3:05pm Aug 31, 2011 3:05pm
Quoting kenfen69
Hahahaha...

Triple interest? What the hell is that shite? On all br0kers, or just yours? I've never noticed that before.
Yea, had no idea about this and i've been trading the aussie for 3 years. Granted I never really check the interest payments or deductions any way, it's mostly noise.
Don't have an ego. Always question yourself and your ability.
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