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The Really Useless Thread

  • #59,721
  • Feb 22, 2012 2:48pm Feb 22, 2012 2:48pm
Quoting kill56
what a boring day with eur the dog cant move

cable still so sweet with honey

gold is too dam horny and sweet too dont knew if it will stop here or will visit 1800

lube still in play
once over 1803, 2003 is the target.. the old peeks are resistance... we had a b/o north.. so before 2003... a pullback is normal at any time now. 50% of the last leg is 1642.69

120 $ (back to mid) drop before continuing up would not surprise me.
those who can, do. those who cant, talk about those who can
  • #59,722
  • Feb 22, 2012 2:50pm Feb 22, 2012 2:50pm
Quoting gatorinla
something else. high oil boost the gbp, since London has a lot of oil stocks, in its market. if oil drops.. the gbp should also. with iran out there oil may go up. and slow the down gbp dropping process (even with gbp qe). in turn high oil hurts the yen.. if it were not for oil/iran.. i think we would already have dropped much further in the eu and gu. the beast may be a good long as long as oil is risen. gbp/yen will follow oil.. 4$ nation wide average gas will slow u.s. consumption/demand.

gu is doomed for now even with oil up BOE fucked up the gu


fiber i dont know why we are stuck here greece deal still in play and the market does not like

oil with iran unless we have war 110 should cap the move , will the US open the reserve when we get to $4 gas we are in election year and obamoo will be man to save them
  • #59,723
  • Feb 22, 2012 2:55pm Feb 22, 2012 2:55pm
Quoting kill56
gu is doomed for now even with oil up BOE fucked up the gu


fiber i dont know why we are stuck here greece deal still in play and the market does not like

oil with iran unless we have war 110 should cap the move , will the US open the reserve when we get to $4 gas we are in election year and obamoo will be man to save them
i dont have the old oil chart. maybe someone will dig it up.. 106 was a target. the one after was 114.. i don't recall the ones after. the 106 has been reached. after a target is reached.. we tend to revisit the last leg.
the gu may be doomed.. i still look for 1.4- in the bigger charts. but atm oil can make it bounce before lower. or at least make the down move sluggish
those who can, do. those who cant, talk about those who can
  • #59,724
  • Feb 22, 2012 3:01pm Feb 22, 2012 3:01pm
Quoting gatorinla
once over 1803, 2003 is the target.. the old peeks are resistance... we had a b/o north.. so before 2003... a pullback is normal at any time now. 50% of the last leg is 1642.69

120 $ (back to mid) drop before continuing up would not surprise me.

then 1720 will a good place to reload L unless we have some more greece and co.
  • #59,725
  • Feb 22, 2012 3:03pm Feb 22, 2012 3:03pm
Quoting Gleneagles
You can set up an "investment account " separate from your trading account , even a small amount to start with is OK. You can trade a few accounts on MT4 if you wish, your br@ker does have the facility.

The investment account becomes your compounding vehicle, you can set the risk , you can also transfer profits from your trading account to your investment account if you wish.

That is how I started but we all have unique circumstances .

Some trade for a living , some trade to get rich quick , some dabble in the market etc etc
Right now I have a separate account for swings and for scalping. But right now trading is merely supplemental income right now. No way I could survive off of it. Probably doesn't help that I keep spending it... LOL. But, focusing on eliminating all debt and will some day take the plunge to leave my job.
  • #59,726
  • Feb 22, 2012 3:07pm Feb 22, 2012 3:07pm
Quoting gatorinla
i dont have the old oil chart. maybe someone will dig it up.. 106 was a target. the one after was 114.. i don't recall the ones after. the 106 has been reached. after a target is reached.. we tend to revisit the last leg.
the gu may be doomed.. i still look for 1.4- in the bigger charts. but atm oil can make it bounce before lower. or at least make the down move sluggish


i do remember the 106 , the srnge thing is why the eur is not go up with this kind of oil prices


dow and es in red but not much
  • #59,727
  • Feb 22, 2012 3:08pm Feb 22, 2012 3:08pm
Quoting Venice
Right now I have a separate account for swings and for scalping. But right now trading is merely supplemental income right now. No way I could survive off of it. Probably doesn't help that I keep spending it... LOL. But, focusing on eliminating all debt and will some day take the plunge to leave my job.
Attached Image (click to enlarge)
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  • #59,728
  • Feb 22, 2012 3:09pm Feb 22, 2012 3:09pm
Quoting attila
Attachment
Was thinking the same thing... I would not be happy as a trader right now. Maximum leverage, go for 5-10 pips at a time. lol
  • #59,729
  • Feb 22, 2012 3:10pm Feb 22, 2012 3:10pm
Quoting FibbinArchie
yeah absolutely ally, compounding really is powerful, if you are talking telephone numbers in account equity, then maybe you should be looking at a fraction of a percent risk exposure...
compounding does not increase the risk of trading , provided you don`t overtrade your equity

your risk exposure remain constant even if you trade size trebles after a few months/weeks

you grow into trading more lots over a period of time and if you are uncomfortable with your trade size , set up a different accounts with different risk profiles and/or only compound your profits and not your trading "capital"

you can even withdraw your original trading capital after a few months if you are successful and stick it somewhere in a money market account where it can fester away at 1% /annum

there are many ways to look at compounding but in the end you have to do what you are comfortable with i.e. stay within your comfort zone
" Never let the past hold the future to ransom "
  • #59,730
  • Feb 22, 2012 3:13pm Feb 22, 2012 3:13pm
Ugliest EU 15M chart I have seen in a long time
" Never let the past hold the future to ransom "
  • #59,731
  • Feb 22, 2012 3:14pm Feb 22, 2012 3:14pm
Quoting Gleneagles
Ugliest EU 15M chart I have seen in a long time
H4 as well. H4 is almost always beautiful...

It's not so bad if you only look at the daily chart. It hides all this ish. LOL
  • #59,732
  • Feb 22, 2012 3:21pm Feb 22, 2012 3:21pm
GAtor thats weekly oil i see the 114 , i think 110 should cap this move
Attached Image (click to enlarge)
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  • #59,733
  • Feb 22, 2012 3:24pm Feb 22, 2012 3:24pm
Quoting Venice
H4 as well. H4 is almost always beautiful...

It's not so bad if you only look at the daily chart. It hides all this ish. LOL

close to a doji on daily at present

setting up for a decent move hopefully
" Never let the past hold the future to ransom "
  • #59,734
  • Feb 22, 2012 3:28pm Feb 22, 2012 3:28pm
Quoting Gleneagles
close to a doji on daily at present

setting up for a decent move hopefully
please get away from 3240

i hate that number
  • #59,735
  • Feb 22, 2012 3:30pm Feb 22, 2012 3:30pm
Quoting Gleneagles
close to a doji on daily at present

setting up for a decent move hopefully
have you already flipped the coin? or as PTL ask what does it say on the top right of your screen
  • #59,736
  • Feb 22, 2012 3:34pm Feb 22, 2012 3:34pm
Quoting AllyB
have you already flipped the coin? or as PTL ask what does it say on the top right of your screen

will take a look around LO , charts are too depressing to look at now

flatlining screws up my levels
" Never let the past hold the future to ransom "
  • #59,737
  • Feb 22, 2012 3:39pm Feb 22, 2012 3:39pm
Quoting Gleneagles
will take a look around LO , charts are too depressing to look at now

flatlining screws up my levels
makes you cross-eyed

catch you tomorrow

cheers
  • #59,738
  • Feb 22, 2012 3:54pm Feb 22, 2012 3:54pm
Buyers just do not want to give up, do they. lol. Must really want those stops above the daily range.
  • #59,739
  • Feb 22, 2012 4:01pm Feb 22, 2012 4:01pm
Quoting Venice
Buyers just do not want to give up, do they. lol. Must really want those stops above the daily range.
ptl's gonna loose it
  • #59,740
  • Feb 22, 2012 4:03pm Feb 22, 2012 4:03pm
Quoting fxjawn
ptl's gonna loose it
I hope he has actually managed to stay away from the computer tonight... this is just utter shyt.
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