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The Really Useless Thread

  • #25,461
  • Oct 14, 2011 3:39am Oct 14, 2011 3:39am
Quoting Larseg
we are at the lower 25th percentile now...
3900 is the 75th

and 1.4000 is a full out bull trend... (can happen)...


word on the street if 3837 is taken out we are all in so a full trend might be shown.... even though it is friday...

lets see what happens around 37 first
lets see if they goose it on the hour, above 3833 all shorts put on this week are red...
Look Sharp/Trade Tight
  • #25,462
  • Oct 14, 2011 3:40am Oct 14, 2011 3:40am
Quoting PayTheLimit
lets see if they goose it on the hour, above 3833 all shorts put on this week are red...

2 concerns

1. friday

and

2. this seal

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  • #25,463
  • Oct 14, 2011 3:40am Oct 14, 2011 3:40am
Quoting fxjawn
oh well shit happens.... they time that i dont do that it will go 200 pips
i will always insist that the exits are where the art is, the entry is cake, getting out of the bastards is what drives me batty...
Look Sharp/Trade Tight
  • #25,464
  • Oct 14, 2011 3:42am Oct 14, 2011 3:42am
Quoting Larseg
2 concerns

1. friday

and

2. this seal
lol...you know I am seriously considering taking the Gleneagles path, trade
only tue/wed/thu...
Look Sharp/Trade Tight
  • #25,465
  • Oct 14, 2011 3:44am Oct 14, 2011 3:44am
Quoting PayTheLimit
i will always insist that the exits are where the art is, the entry is cake, getting out of the bastards is what drives me batty...
yea i knew it to i just ingnored the PA... i saw what was happening and knew i should have taken my money and flipped...we launched off that area after the stop hunt...

i was blinded by thoughts of a perfect entry 200 pip run lol
  • #25,466
  • Oct 14, 2011 3:46am Oct 14, 2011 3:46am
Good job Lars...

at least i got wise and flipped on a lil pullback
  • #25,467
  • Oct 14, 2011 3:49am Oct 14, 2011 3:49am
Quoting USD-Bear
would be careful with EU shorts, I know it's tempting but USDX behavior is lackluster, no signs of turning upwards (USDX)

Attachment
good call bud... that did look nice but the way price was movin told ya to stay clear of that shit lol
  • #25,468
  • Oct 14, 2011 3:49am Oct 14, 2011 3:49am
Quoting PayTheLimit
lol...you know I am seriously considering taking the Gleneagles path, trade
only tue/wed/thu...

There is def. something to it... but I think Monday is a great day to trade also but Fridays are very often BS... closing weekly gap etc...

I just have a maximum numbers of trades a week.
I don't want to stay in a trade for too long...
When the shit turns I want to be on the sideline waiting for a new confirmed trend... then in&out as it fits the setups...

Looks like the shorters are looking for a cheap exit now...
We might see a squeeze...



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  • #25,469
  • Oct 14, 2011 3:52am Oct 14, 2011 3:52am
another stop level commin up
  • #25,470
  • Oct 14, 2011 3:54am Oct 14, 2011 3:54am
Quoting Larseg
There is def. something to it... but I think Monday is a great day to trade also but Fridays are very often BS... closing weekly gap etc...

I just have a maximum numbers of trades a week.
well maybe just take fridays off...

I'm trying to limit myself to 2-3 trades a day lately, max...

3825 being a bastard...
Look Sharp/Trade Tight
  • #25,471
  • Oct 14, 2011 3:56am Oct 14, 2011 3:56am
Quoting PayTheLimit
well maybe just take fridays off...

I'm trying to limit myself to 2-3 trades a day lately, max...

3825 being a bastard...

yep, not being in a trade is a privilege we have as price direction traders... best feeling to sit out


a.k.a. smart fishing
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  • #25,472
  • Oct 14, 2011 3:57am Oct 14, 2011 3:57am
I really like this pullback, room for more


lets leap!

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  • #25,473
  • Oct 14, 2011 4:00am Oct 14, 2011 4:00am
3797 the mid of last hour...
Look Sharp/Trade Tight
  • #25,474
  • Oct 14, 2011 4:03am Oct 14, 2011 4:03am
Inserted Video


yaaawn...
  • #25,475
  • Oct 14, 2011 4:05am Oct 14, 2011 4:05am
3785 being test now from above...
Look Sharp/Trade Tight
  • #25,476
  • Oct 14, 2011 4:08am Oct 14, 2011 4:08am
Quoting fxjawn
good call bud... that did look nice but the way price was movin told ya to stay clear of that shit lol
not sure if you are making fun of me fxjawn, but yes the way USDX-price is moving tells me a break in USDX below the red support line is more likely then a bounce, which could be nasty for EU-shorts.
If it wasn't Friday I would even consider a long @ current 1.3790
Don't be a hero. Don't have an ego. Always question yourself
  • #25,477
  • Oct 14, 2011 4:12am Oct 14, 2011 4:12am
Just for the hell of it ...
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  • #25,478
  • Oct 14, 2011 4:13am Oct 14, 2011 4:13am
Good morning all

Third day of the same levels ... seem to be working though.

Cheers
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  • #25,479
  • Oct 14, 2011 4:16am Oct 14, 2011 4:16am
Quoting USD-Bear
not sure if you are making fun of me fxjawn, but yes the way USDX-price is moving tells me a break in USDX below the red support line is more likely then a bounce, which could be nasty for EU-shorts.
If it wasn't Friday I would even consider a long @ current 1.3790
na no bro not making fun of u at all brother we had a short setup on but the way price was moving i was not gonna take it..

shit not makin fun of u man
  • #25,480
  • Oct 14, 2011 4:17am Oct 14, 2011 4:17am
.3834 gonna give up da booty
"If The Fool persists in his Folly he will become wise." - William Blake
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