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The Really Useless Thread

  • #30,381
  • Nov 1, 2011 10:51am Nov 1, 2011 10:51am
Greek gov. fall?
those who can, do. those who cant, talk about those who can
  • #30,382
  • Nov 1, 2011 10:56am Nov 1, 2011 10:56am
Quoting fxjawn
hows your trading going brother?
can't complain not very active today just came in saw nice setup for counter protected by all kind of things so went in heavy for scalping pips that's the only trade I've made.
Of course missing all setups possible today, but don't like to hurry things, they come if they come and otherwise I wait.
Very eager to see what USDOLLAR does at resistance level it's nearing....
How's your trading doing?

USDOLLAR H4:

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Don't be a hero. Don't have an ego. Always question yourself
  • #30,383
  • Nov 1, 2011 11:00am Nov 1, 2011 11:00am
Quoting USD-Bear
can't complain not very active today just came in saw nice setup for counter protected by all kind of things so went in heavy for scalping pips that's the only trade I've made.
Of course missing all setups possible today, but don't like to hurry things, they come if they come and otherwise I wait.
Very eager to see what USDOLLAR does at resistance level it's nearing....
How's your trading doing?

USDOLLAR H4:

Attachment
awesome bro im doing well .... i went to bed mid london after grabbing a quick 140 pips on AU just woke up and checking out whats going on here and see if there is a trade...

got my pips for this session will prob wait till frankie opens
  • #30,384
  • Nov 1, 2011 11:01am Nov 1, 2011 11:01am
still got my bulk from 1.05, will look for reload possibilities around these areas if we bounce
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Don't have an ego. Always question yourself and your ability.
  • #30,385
  • Nov 1, 2011 11:06am Nov 1, 2011 11:06am
Quoting fxjawn
awesome bro im doing well .... i went to bed mid london after grabbing a quick 140 pips on AU just woke up and checking out whats going on here and see if there is a trade...

got my pips for this session will prob wait till frankie opens
marvelous, I'm a long term bull on AU on fundamental reasons but somehow I can't get a grip on it's short term character, you learn me sometime will you?
Don't be a hero. Don't have an ego. Always question yourself
  • #30,386
  • Nov 1, 2011 11:07am Nov 1, 2011 11:07am
Quoting 45Condor
Could write a little ditty regarding the news today, but here is a picture of a poster currently being posted around Athens.

Oh dear...
My friend has a restaurant in Greece - and you know it's seasonal obviously , many customers are tourists - he has it open March to October - when his staff finished the season , they would all sign on unemployment benefit , go back to the countries where they came from and spend the money there

just the way of life I suppose - who is this Nazi meddler come to spoil the party


this was 2 or 3 years back , don't know what it's like now
  • #30,387
  • Edited 11:33am Nov 1, 2011 11:08am | Edited 11:33am
How about the idea that this ‘shock’ call for a referendum was actually in the pipeline for some time. Oh, I don’t know, let’s say from the time a month or so ago when Papandreou popped into Berlin for reasons not entirely known.

Although I tag her the Berk, Merk ain’t that dumb.

It would be very likely if one considers the recent polls in Greece, to conclude that the outcome on any referendum would be no. This, in turn, will have been visible in the bondmarkets by all those holding said turd to accept whatever write-down that they can obtain – forget 50%, I’m thinking upwards of anything to 75-80%. This suits Greece well, as her books look less heavy all of a sudden, and perhaps there is less, if any need to knock on the vault of the EFSF. This suits the Germans, and the Berk becomes the Benighted as there is less chance of the Chancellor coughing up coins for the impoverished. In turn, the rest of the PIIGS can sigh a little relief, bankers take a hit, Europeans thinK this only fair, and so the politicos hope that the citizen regains a sense of faith in the project so blighting democracy from the Brussels bunker. Merk gets her votes the next time around, Papandreou is considered on the side of the people – maybe even securing another term in office.

And so, recapitalized banks survive, as does the fascism of Europe hiding under the tattered robes of democracy.

Regarding surprise snippets of news: Just how in the world does Germany, of all places, suddenly discover that it has an extra 58 billion Euro just lying around? And how did the Greeks so easily obtain four weeks’ worth of money when Merk and co had called a halt to credit lines about two minutes later.

It all stinks… right, back to Metallica.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #30,388
  • Nov 1, 2011 11:08am Nov 1, 2011 11:08am
Quoting USD-Bear
marvelous, I'm a long term bull on AU on fundamental reasons but somehow I can't get a grip on it's short term character, you learn me sometime will you?
Is the interest rate still in tact on the ol girl? If it is... buy buy buy. lol

Interest > *

Isn't QE3 suppose to be announced soon? lol.
  • #30,389
  • Nov 1, 2011 11:16am Nov 1, 2011 11:16am
Quoting chazzle
Bears just waiting right there - see if we get a retest of it
my first feeling is - bears wont hold it
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  • #30,390
  • Nov 1, 2011 11:21am Nov 1, 2011 11:21am
Quoting gatorinla
i may be off,, st pa points to 3723... the mid is 3696 area. but the start of the last move to 4246 is 3697.6... there is a resitance at 3737.. would be careful with a s if we get much above 3737... anyway the mid is at a strong resistance on a bigger tf.. about a 40 pip area 3697/3737
s i need 44... 3737 is probably invalid.. it should reach the 3747/48... if we don't get 3644 soon, and if we break 3701
those who can, do. those who cant, talk about those who can
  • #30,391
  • Nov 1, 2011 11:23am Nov 1, 2011 11:23am
Quoting chazzle
my first feeling is - bears wont hold it
think (at least it would be nice) they will make another attempt to pull it down
Don't be a hero. Don't have an ego. Always question yourself
  • #30,392
  • Nov 1, 2011 11:29am Nov 1, 2011 11:29am
Quoting USD-Bear
think (at least it would be nice) they will make another attempt to pull it down
25 pips worth - testing utl again , tbh I haven't made the most of these moves today , a bit sloppy
  • #30,393
  • Nov 1, 2011 11:35am Nov 1, 2011 11:35am
Quoting gatorinla
s i need 44... 3737 is probably invalid.. it should reach the 3747/48... if we don't get 3644 soon, and if we break 3701
if this dont happen.. st target is 3594 min.. 44 is a clue.. 3594 is the opposite side of the 3747 card.
those who can, do. those who cant, talk about those who can
  • #30,394
  • Nov 1, 2011 11:41am Nov 1, 2011 11:41am
Europe day traders closing s at E market close bounce atm.
those who can, do. those who cant, talk about those who can
  • #30,395
  • Nov 1, 2011 11:49am Nov 1, 2011 11:49am
Quoting gatorinla
if this dont happen.. st target is 3594 min..
waiting for it.....
Don't be a hero. Don't have an ego. Always question yourself
  • #30,396
  • Nov 1, 2011 11:52am Nov 1, 2011 11:52am
bounce , see if it can make it to upper grey lines
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  • #30,397
  • Nov 1, 2011 11:55am Nov 1, 2011 11:55am
Quoting USD-Bear
waiting for it.....
might not happen... i thought the e fade was already over when posting. i forgot its 1 h later today (day light saving in e). so it may be a fake bounce. i do have that, and other things that are bullish.. so if u put a gun to my head i would long.. but because of the time the bounce happened. i would not be comfortable.
those who can, do. those who cant, talk about those who can
  • #30,398
  • Nov 1, 2011 11:59am Nov 1, 2011 11:59am
Quoting gatorinla
might not happen... i thought the e fade was already over when posting. i forgot its 1 h later today (day light saving in e). so it may be a fake bounce. i do have that, and other things that are bullish.. so if u put a gun to my head i would long.. but because of the time the bounce happened. i would not be comfortable.
same feelings here, enough fishes let's get the fat ones
Don't be a hero. Don't have an ego. Always question yourself
  • #30,399
  • Nov 1, 2011 12:01pm Nov 1, 2011 12:01pm
Quoting USD-Bear
same feelings here, enough fishes let's get the fat ones
yep.. cherry pick..
those who can, do. those who cant, talk about those who can
  • #30,400
  • Nov 1, 2011 12:03pm Nov 1, 2011 12:03pm
Hi

Just a reminder that the new free paltalk chat room Pro Forex Trading opens @ 0815am gmt on Monday (7th November) The aim of the chat room is to to support threads like this one and the cable thread with realtime chat and analysis. Just to repeat:it is free and it will always be free and it might be useful in discussing trading ideas/analysis in realtime and supporting with charts posted to ff.com. At the very least for some it might be a welcome extra 'intercative' way of making trading from a home office less isolating/solitary. It may work - it may not, but it's worth a try. You can read all about it here: http://www.forexfactory.com/showthread.php?t=322868 if you haven't already -the thread gives links to download the free paltalk software as well as instructions on how to log into the room etc....

Hoping we can get a good thing going. See you there
ex member
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