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The Really Useless Thread

  • #15,921
  • Sep 21, 2011 12:19pm Sep 21, 2011 12:19pm
Quoting pipper
short term
thx
  • #15,922
  • Sep 21, 2011 12:20pm Sep 21, 2011 12:20pm
Quoting gatorinla
before or after chest?
.


Sofia? What did I tell ya?
  • #15,923
  • Sep 21, 2011 12:20pm Sep 21, 2011 12:20pm
Quoting gatorinla
before or after chest?
Chess ,LOL you are bad
  • #15,924
  • Sep 21, 2011 12:20pm Sep 21, 2011 12:20pm
closed my 62 long for 20...Ill take that scalp
  • #15,925
  • Sep 21, 2011 12:20pm Sep 21, 2011 12:20pm
Quoting cloggie
Heh bastards. Only here for a few PM's. Not planning on contributing much here.

Been busy finetuning my scalping strategy. Not doing too bad.

http://www.myfxbook.com/members/cloggie/cloggie/166102

Will take it down in a few days, just wanted to share what proper research can do for a scalping strat, keeping pretty much to the 1% risk rule, starting with a small account size. This all goes back to the discussion from last night, you need proper, fast and uptodate data. I am keeping the history secret, don't want anyone reverse engineering...

Hi Cloggs,

Didn't see the chart but was interested in the risk you had for each trade. When scalping, I let the trade run for a longer time if it goes against me (worse r:r) against all textbook stuff but its working very good and that's what its all about... Average positive pips, so no fixed PC on the trades...

Here is an example of a setup from just now...
Attached Image
  • #15,926
  • Sep 21, 2011 12:21pm Sep 21, 2011 12:21pm
Quoting kenfen69
.


Sofia? What did I tell ya?
you where right
  • #15,927
  • Sep 21, 2011 12:23pm Sep 21, 2011 12:23pm
Quoting Larseg
Hi Cloggs,

Didn't see the chart but was interested in the risk you had for each trade. When scalping, I let the trade run for a longer time if it goes against me (worse r:r) against all textbook stuff but its working very good and that's what its all about... Average positive pips, so no fixed PC on the trades...

Here is an example of a setup from just now...
done..
Attached Image
  • #15,928
  • Sep 21, 2011 12:25pm Sep 21, 2011 12:25pm
Quoting kenfen69
Definitely smells of "under the radar" QE3 on first read. Sisse? Quant? Cloggie?
Well nothing major in the policy side in the FOMC but a couple of key comments that are very relevant for currencies.

As expected in the mortgage-backed securities and the maturity extension program ("Operation Twist")so most of the meat was already digested on the markets. The lack of more QE3 disappointed short term and trigger sell (buy the rumor sell the news is over now).

What I find particularly important in terms of currencies is soft dollar guarantee and reconfirmed till mid 2013 (long term) and finally the FED recognize that the real economy is going nowhere and there is no one single sector ticking up (except inflation) in the US economy.

The "significant downside risks to the economic outlook" opened a whole new set of FA levels as risk aversion is the name of the game (short term) until some miracle happens and the next US numbers start ticking up (starting with NFP).

So if we add further bank downgrades in the US today, European banks desperate looking for a safeguard (BNP looking for Qatar funds before a downgrade) and the debt crisis risk is the name of the game for the next couple of weeks.

Euro on the close is opening 1.349x at least and 1.331x/1.329x before Greek bailout is hand in.

In simple words soft dollar long term and risk aversion short term.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #15,929
  • Sep 21, 2011 12:25pm Sep 21, 2011 12:25pm
back again, sticky-ish!
Quoting hkkhanus
Errrrr.. just got home from work .. 20 minutes drive took me 3 hours

by the way .. I would watch 3650.2 - 3662.7 for now
see how that reacts, ..
see ya at London session.
goodluck all
HK
  • #15,930
  • Sep 21, 2011 12:27pm Sep 21, 2011 12:27pm
Quoting egkid
Before few I was in RED Now +++++++++
Can b more happy if PA go under 1.3640
well my 4h close in 80 min
let's c
  • #15,931
  • Sep 21, 2011 12:29pm Sep 21, 2011 12:29pm
So the pundits and the banks and everybody saw it all coming, exactly. It was just muppets and late to the party money and short covering that put 4 points on the ultra and 2 points on the long bond in 10 minutes. Right. So it should be back down where it was ... wait, it's still going up...

It's going to be real interesting to see the COT and find out who was long.
  • #15,932
  • Sep 21, 2011 12:31pm Sep 21, 2011 12:31pm
Quoting sisse
In simple words soft dollar long term and risk aversion short term.

sisse
Thanks a lot, mate...great read!

Appreciate you posting that up.
  • #15,933
  • Sep 21, 2011 12:32pm Sep 21, 2011 12:32pm
oh this is so much fun
  • #15,934
  • Sep 21, 2011 12:33pm Sep 21, 2011 12:33pm
Quoting PayTheLimit
watching 1.2416/1.2769....
I was trying to find your quote, when you said 37xx back in may or so, just so you could quote yourself later on..
  • #15,935
  • Sep 21, 2011 12:33pm Sep 21, 2011 12:33pm
Dog walking...back in a bit.
  • #15,936
  • Sep 21, 2011 12:34pm Sep 21, 2011 12:34pm
I will see you all later ,GL)
  • #15,937
  • Sep 21, 2011 12:38pm Sep 21, 2011 12:38pm
GL S.. See ya 2mw

Quoting sofia101
I will see you all later ,GL)
Disclaimer: Check your 1m charts
  • #15,938
  • Sep 21, 2011 12:38pm Sep 21, 2011 12:38pm
tc S C ya
Quoting sofia101
I will see you all later ,GL)
  • #15,939
  • Sep 21, 2011 12:38pm Sep 21, 2011 12:38pm
Quoting kenfen69
Dog walking...back in a bit.
  • #15,940
  • Sep 21, 2011 12:40pm Sep 21, 2011 12:40pm
long 3605
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