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The Really Useless Thread

  • #13,001
  • Sep 15, 2011 4:13am Sep 15, 2011 4:13am
Quoting cloggie
There is loads of crap around here on the pair, I took out 55 on a 80 pip day, am watching the airheads closely on the wires and another techie setup for me to trade, going to ignore the scalps, not worth the risk.

Nothing longer term (60-100 pips) on any of the major crosses really. I am still sticking to my posted plan, just waiting for the right setup.
very sensible, always better to wait for your edge to show up than gamble for scraps..
  • #13,002
  • Sep 15, 2011 4:25am Sep 15, 2011 4:25am
Quoting FibbinArchie
very sensible, always better to wait for your edge to show up than gamble for scraps..

We are right at the monthly 50 retrace of the Sep 05-May 08 move. It's a biggy. This is the place where most retailers will get faked out and it will make or break them. Based on the law of averages, most will get Margined out.

Great to watch the EU thread in the next few days.......
  • #13,003
  • Sep 15, 2011 4:26am Sep 15, 2011 4:26am
Quoting pkimnyc
without a lot of idiots.
nice job ken.

We had a few here, but they have been summarily dealt with. Ken may end up regretting starting the thread, it is a lot of work to keep it going.
  • #13,004
  • Sep 15, 2011 4:29am Sep 15, 2011 4:29am
Rumour: #UBS - "Rogue trade was huge silver short; calling it rogue to try & get out of it">> @stacyherbert @maxkeiser via @spotgoldprice

Reuters are reporting that a man has been arrested in London on suspicion of fraud in connection with UBS trading loss
  • #13,005
  • Sep 15, 2011 4:34am Sep 15, 2011 4:34am
Quoting cloggie

Great to watch the EU thread in the next few days.......

It started already, very few there know the difference between a retrace and a reversal. Plenty of 'm trade in anticipation. I don't enjoy seeing anyone lose money, but some of those idiots deserve it.
  • #13,006
  • Sep 15, 2011 4:35am Sep 15, 2011 4:35am
Quoting FibbinArchie
Rumour: #UBS - "Rogue trade was huge silver short; calling it rogue to try & get out of it">> @stacyherbert @maxkeiser via @spotgoldprice

The guy was based at the London desk. I know loads of guys there. He was arrested last night.

Going to make a few calls.
  • #13,007
  • Sep 15, 2011 4:35am Sep 15, 2011 4:35am
Quoting cloggie
We had a few here, but they have been summarily dealt with. Ken may end up regretting starting the thread, it is a lot of work to keep it going.
hows it going bro
  • #13,008
  • Sep 15, 2011 4:36am Sep 15, 2011 4:36am
Quoting fxjawn
hows it going bro

Same shit different day.
  • #13,009
  • Sep 15, 2011 4:36am Sep 15, 2011 4:36am
Quoting cloggie
The guy was based at the London desk. I know loads of guys there. Going to make a few calls. He was arrested last night.
hope he likes porridge..
  • #13,010
  • Sep 15, 2011 4:38am Sep 15, 2011 4:38am
Quoting cloggie
It started already, very few there know the difference between a retrace and a reversal. Plenty of 'm trade in anticipation. I don't enjoy seeing anyone lose money, but some of those idiots deserve it.
lol all moving to vvssaa thread
  • #13,011
  • Sep 15, 2011 4:38am Sep 15, 2011 4:38am
Quoting FibbinArchie
hope he likes porridge..

Between the 2Bn he lost, the 2Bn in planned cost savings and the 5Bn in MarketCap they lost today, they are hurting.
  • #13,012
  • Sep 15, 2011 4:39am Sep 15, 2011 4:39am
Quoting cloggie
Between the 2Bn he lost, the 2Bn in planned cost savings and the 5Bn in MarketCap they lost today, they are hurting.
uncle ben time...
  • #13,013
  • Sep 15, 2011 4:41am Sep 15, 2011 4:41am
Quoting cloggie
It started already, very few there know the difference between a retrace and a reversal. Plenty of 'm trade in anticipation. I don't enjoy seeing anyone lose money, but some of those idiots deserve it.

Fuckin hilarious. They are falling over each other trying to predict a top here.

Shall we make some "mirror" calls here and see how many more we can wipe out today?
  • #13,014
  • Sep 15, 2011 4:45am Sep 15, 2011 4:45am
That move took forever. Clearing 2/3 a few ticks below 1st target at 1.379x. Starting to look very tired in H4 so micromanaging in H4 the last one open (without much expectations) to final target 1.389x.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #13,015
  • Sep 15, 2011 4:49am Sep 15, 2011 4:49am
Quoting cloggie
Fuckin hilarious. They are falling over each other trying to predict a top here.

Shall we make some "mirror" calls here and see how many more we can wipe out today?

1 - 3837

2- 3861

3-

kick my ass out
  • #13,016
  • Sep 15, 2011 4:50am Sep 15, 2011 4:50am
Quoting kill56
1 - 3837

2- 3861

3-

kick my ass out

Nah, you are going the wrong way,

Short 3790, TP 3680, SL 3910.

Of course I am only kidding, trying to margin out some muppets.
  • #13,017
  • Sep 15, 2011 4:51am Sep 15, 2011 4:51am
Quoting cloggie
It started already, very few there know the difference between a retrace and a reversal. Plenty of 'm trade in anticipation. I don't enjoy seeing anyone lose money, but some of those idiots deserve it.

im actually with u on this..
  • #13,018
  • Sep 15, 2011 4:53am Sep 15, 2011 4:53am
Quoting cloggie
Nah, you are going the wrong way, we need to reverse our calls here for a day.

Short 3790, TP 3680, SL 3910.

Of course I am only kidding, trying to margin out some muppets.

dam it that is a great call i'll go with -200pops
  • #13,019
  • Sep 15, 2011 4:53am Sep 15, 2011 4:53am
Quoting nAVIN2007
im actually with u on this..

NAv, you still holding your GU trades? I had a bit of a discussion about some trade setups earlier with hkAnus, you may want to scroll back a bit.
  • #13,020
  • Sep 15, 2011 4:55am Sep 15, 2011 4:55am
I am done closed @3800
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