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The Really Useless Thread

  • #28,881
  • Oct 25, 2011 3:17am Oct 25, 2011 3:17am
ptl hows the oil lookin?
  • #28,882
  • Oct 25, 2011 3:17am Oct 25, 2011 3:17am
PowerLineTrader PowerLineTrader



$EURUSD JP Morgan has issued a sell strategy: sell euro-dollar at $1.3930 (market), target $1.2650 and $1.1900, stop at $1.4380.

Should we treat it as a contrarian signal?
Risk: 350 pips
Reward: 1300 min

nice


Seb
  • #28,883
  • Oct 25, 2011 3:20am Oct 25, 2011 3:20am
Quoting fxjawn
ptl hows the oil lookin?
looking bid, strong hourly close that blasted through yesterday high...92.40 is 150% of last weeks range, blew through that too...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 20 KB
Look Sharp/Trade Tight
  • #28,884
  • Oct 25, 2011 3:20am Oct 25, 2011 3:20am
Quoting Larseg

post scriptum: I cant delete the first line so I added more...
and that's exactly how lao tzu came up with the I Ching

... when King Wen asked him what he was doing , in fear of his life , he made the rest of it up on the spot
Attached Image
  • #28,885
  • Oct 25, 2011 3:20am Oct 25, 2011 3:20am
Quoting Flynchenberg
PowerLineTrader PowerLineTrader



$EURUSD JP Morgan has issued a sell strategy: sell euro-dollar at $1.3930 (market), target $1.2650 and $1.1900, stop at $1.4380.

Should we treat it as a contrarian signal?
Risk: 350 pips
Reward: 1300 min

nice


Seb
lol deff...take profit thier stop and u shoud be good lol
  • #28,886
  • Oct 25, 2011 3:22am Oct 25, 2011 3:22am
Quoting Flynchenberg

$EURUSD JP Morgan has issued a sell strategy:
... and to it's dealers it issued a buy strategy lol
  • #28,887
  • Oct 25, 2011 3:22am Oct 25, 2011 3:22am
Quoting PayTheLimit
looking bid, strong hourly close that blasted through yesterday high...92.40 is 150% of last weeks range, blew through that too...
fade that piece tp 90
  • #28,888
  • Oct 25, 2011 3:26am Oct 25, 2011 3:26am
Quoting PayTheLimit
it was pretty damn good, you bastard...

hehe,

not true but a good lie


kudos
  • #28,889
  • Oct 25, 2011 3:26am Oct 25, 2011 3:26am
Quoting chazzle
and that's exactly how lao tzu came up with the I Ching

... when King Wen asked him what he was doing , in fear of his life , he made the rest of it up on the spot

Absolutely, in his brain


Inserted Video
  • #28,890
  • Oct 25, 2011 3:35am Oct 25, 2011 3:35am
Quoting Flynchenberg
$EURUSD JP Morgan has issued a sell strategy: sell euro-dollar at $1.3930 (market), target $1.2650 and $1.1900, stop at $1.4380.

Should we treat it as a contrarian signal?
Risk: 350 pips
Reward: 1300 min
i hate to say it but this is prolly a good trade if you're not in a hurry. 350 pip sl? damn i would have to zoom out of the 10s chart....

but can kick down the road is gonna run outta road. one a these days. maybe today. G-20 euro slide just like last year. JPM text me I will tell you where to send my check.

hell 30 pip sl prolly work on that trade cuz .3950 is a bull-eating black hole...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #28,891
  • Oct 25, 2011 3:46am Oct 25, 2011 3:46am
mervyn throw a curve in
  • #28,892
  • Oct 25, 2011 3:49am Oct 25, 2011 3:49am
Quoting chazzle
mervyn throw a curve in
that bastard..

server busy business again, back later...
Look Sharp/Trade Tight
  • #28,893
  • Oct 25, 2011 3:51am Oct 25, 2011 3:51am
i wish some bullshit would come out on the wire 8 pips before my tp again ... that would b glorious...

that way it takes 12 hours instead of 2 hours to get there
  • #28,894
  • Oct 25, 2011 3:53am Oct 25, 2011 3:53am
Its actually 4th time this year I take profit and land on a very close to a round number...

a.k.a. scalping time...
  • #28,895
  • Oct 25, 2011 3:54am Oct 25, 2011 3:54am
Quoting The Fool
cuz .3950 is a bull-eating black hole...
I am not a pattern trader but this H1 formation looked familiar....
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.jpg Size: 333 KB
  • #28,896
  • Oct 25, 2011 3:58am Oct 25, 2011 3:58am
Quoting Larseg
Absolutely, in his brain


http://www.youtube.com/watch?v=Pi7gwX7rjOw
lol - sent my GF that vid , she found some others - now she's on at me : "watch "dick in a box" " - please " I say - "I can't - mervyn king's talking bollocks"

WTF
  • #28,897
  • Oct 25, 2011 4:00am Oct 25, 2011 4:00am
Quoting 2046
Everyone seems certain a haircut would devaluate the euro? I'll be strictly technical and tight on mm.
Well the haircut is important because of the implications on the banking sector (not directly in the euro). The correlation threat is that banks will suffer a crunch on liquidity that will translate in a solvency problem in some cases.

The link with the euro is via France primarily (but not constrain to). The name of the game (threat) is haircut of over 60% is technically default with Greek bank nationalization and liquidity crunch across the EZ banks will directly affect France sovereign rating. A downgrade will be imminent if they follow the same line they follow with the US, etc and therefore a selloff across the board with the obvious risk aversion trigger (only the SNB is very well prepared for this scenario).

A deeper impact in the euro outside of risk-off is still unknown and it will depend on what the politicians announce tomorrow (if they announce anything useful).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #28,898
  • Oct 25, 2011 4:01am Oct 25, 2011 4:01am
Quoting chazzle
lol - sent my GF that vid , she found some others - now she's on at me : "watch "dick in a box" " - please " I say - "I can't - mervyn king's talking bollocks"

WTF

lol,

theyre hillazzious
  • #28,899
  • Oct 25, 2011 4:02am Oct 25, 2011 4:02am
Quoting kostas1
I am not a pattern trader but this H1 formation looked familiar....
Yes mate , but we need a FA trigger... Can't think about anything right now that could trigger this kind of action except some politician comments as there is no important news really till tomorrow EZ summit.

Seb
  • #28,900
  • Oct 25, 2011 4:09am Oct 25, 2011 4:09am
What coffee do you want for this short bull run PTL?


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