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The Really Useless Thread

  • #81,541
  • Apr 27, 2012 12:49pm Apr 27, 2012 12:49pm
Quoting FibbinArchie
yep, that's the difficulty, where do you draw the line with giving it breathing space? buying the top or selling the bottom is a biatch tho' and i generally day trade patterns on the m1/m5...
It's difficult to do for me and is one of my major fault. If still in the scheme of the set up or plan I might add to the trade trying to justify a poor entry.But, there must come a time when your just wrong, hence needing a hard stop..Take the lump, move on.next trade...AT least this is my conversation I have with my self...Fwiw..
  • #81,542
  • Apr 27, 2012 12:56pm Apr 27, 2012 12:56pm
Quoting Chillypiper
It's difficult to do for me and is one of my major fault. If still in the scheme of the set up or plan I might add to the trade trying to justify a poor entry.But, there must come a time when your just wrong, hence needing a hard stop..Take the lump, move on.next trade...AT least this is my conversation I have with my self...Fwiw..
trouble is the longer you're in it, the more inclined you are to rationalise moving stops, averaging, etc.. however, once you can conquer this demon, then you're a good few steps along the road to becoming a consistently profitable trader, here's larry boy...

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  • #81,543
  • Apr 27, 2012 1:02pm Apr 27, 2012 1:02pm
never got 72 min.. lots of broken candles. the day would need 3311+ close. broken candle are usually bs moves. 3 1/2 pips away. nice doji on this 4h.
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those who can, do. those who cant, talk about those who can
  • #81,544
  • Apr 27, 2012 1:40pm Apr 27, 2012 1:40pm
Quoting gatorinla
never got 72 min.. lots of broken candles. the day would need 3311+ close. broken candle are usually bs moves. 3 1/2 pips away. nice doji on this 4h.
Volume is amost non exsistant, S&P apears to have made it's high..But is there enough gas in the tank for a Friday sell off..?? Maybe a few..

Wonder if anyone will stir the pot over the weekend?? BOJ? ..More Spain downgrands???

I'm about done here.. And will carry some underwater I hate to say!
  • #81,545
  • Apr 27, 2012 1:56pm Apr 27, 2012 1:56pm
Quoting Chillypiper
Volume is amost non exsistant, S&P apears to have made it's high..But is there enough gas in the tank for a Friday sell off..?? Maybe a few..

Wonder if anyone will stir the pot over the weekend?? BOJ? ..More Spain downgrands???

I'm about done here.. And will carry some underwater I hate to say!
gl with the scuba trades, guessing you could use a gap down like last week...
  • #81,546
  • Apr 27, 2012 1:56pm Apr 27, 2012 1:56pm
Quoting Chillypiper
Volume is amost non exsistant, S&P apears to have made it's high..But is there enough gas in the tank for a Friday sell off..?? Maybe a few..

Wonder if anyone will stir the pot over the weekend?? BOJ? ..More Spain downgrands???

I'm about done here.. And will carry some underwater I hate to say!
i wasn't shorting w/o 72..right or wrong. looks like the gbp wants 1.7098 and the eu 34xx.. eu should drop some. after rejection. hoping to 3118 or lower. i am still not sold, this is not a bear bounce. the gbp says its full bull to 1.7098.
if the eu does drop below today's low. w/o hitting 3272.. then 3046 would look reasonable.
those who can, do. those who cant, talk about those who can
  • #81,547
  • Apr 27, 2012 1:57pm Apr 27, 2012 1:57pm
Quoting gatorinla
never got 72 min.. lots of broken candles. the day would need 3311+ close. broken candle are usually bs moves. 3 1/2 pips away. nice doji on this 4h.
yeah not seeing anything tradable into the close... have a nice weekend..
  • #81,548
  • Apr 27, 2012 2:02pm Apr 27, 2012 2:02pm
more Wheaties needed to break a mofu.
those who can, do. those who cant, talk about those who can
  • #81,549
  • Apr 27, 2012 2:07pm Apr 27, 2012 2:07pm
over and out...

have a nice weekend all.. will prolly be shooting the breeze sat & sun...

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ps. via jamie coleman @ fxl, fwiw, may get an 11th hour drive... EUR/USD reached 1.3267 on this run and is now stalling amid the familiar chatter of 1.3275 barriers being protected. More barriers are rumored at 1.3300.
  • #81,550
  • Apr 27, 2012 2:31pm Apr 27, 2012 2:31pm
Quoting gatorinla
i wasn't shorting w/o 72..right or wrong. looks like the gbp wants 1.7098 and the eu 34xx.. eu should drop some. after rejection. hoping to 3118 or lower. i am still not sold, this is not a bear bounce. the gbp says its full bull to 1.7098.
if the eu does drop below today's low. w/o hitting 3272.. then 3046 would look reasonable.
Okay ! And Noted..I'd like to see a pull back in cable to 6190 to save my ass.... Let's see how this yorrow bull rides, I still can see 3110/20 in the cards to for next week too, filling the hidden gap and into daily demand and with that ne high very doable and changes the dynamics of the daily/ 4hr range.. but would really love the 3046/36 challenged...

Good weekend to you sir, and all!
  • #81,551
  • Apr 27, 2012 2:41pm Apr 27, 2012 2:41pm
thank good, i got filled...

facking fridays
  • #81,552
  • Apr 27, 2012 3:01pm Apr 27, 2012 3:01pm
Quoting Larseg
thank good, i got filled...

facking fridays
with what?
Don't be a hero. Don't have an ego. Always question yourself
  • #81,553
  • Apr 27, 2012 3:07pm Apr 27, 2012 3:07pm
so far so good across the board leaving some for the weekend fuck it
  • #81,554
  • Apr 27, 2012 3:07pm Apr 27, 2012 3:07pm
sell off at the close? wtf?
  • #81,555
  • Apr 27, 2012 3:11pm Apr 27, 2012 3:11pm
busy week, thankfully its over, hope everyone has a good weekend, back Wed, gl, PTL..
Look Sharp/Trade Tight
  • #81,556
  • Edited 3:42pm Apr 27, 2012 3:32pm | Edited 3:42pm
Quoting Chillypiper
Okay ! And Noted..I'd like to see a pull back in cable to 6190 to save my ass.... Let's see how this yorrow bull rides, I still can see 3110/20 in the cards to for next week too, filling the hidden gap and into daily demand and with that ne high very doable and changes the dynamics of the daily/ 4hr range.. but would really love the 3046/36 challenged...

Good weekend to you sir, and all!
i bailed on the gbp at 6187.. i was hoping for a pullback at 6183... once it broke 6167 ..1.7098 was my target. 6269.9 and or 6295 may be a R.. it been above 69.9 already.. but its a L mofu.. so could easy cause a pullback.
those who can, do. those who cant, talk about those who can
  • #81,557
  • Apr 27, 2012 3:38pm Apr 27, 2012 3:38pm
Quoting USD-Bear
with what?

Break even on caterpillar, week-end saved
  • #81,558
  • Apr 27, 2012 3:43pm Apr 27, 2012 3:43pm
Quoting Larseg
Break even on caterpillar, week-end saved
right, good to hear, here with doing nothing same result
have a nice one!
Don't be a hero. Don't have an ego. Always question yourself
  • #81,559
  • Apr 27, 2012 3:45pm Apr 27, 2012 3:45pm
Quoting USD-Bear
right, good to hear, here with doing nothing same result
have a nice one!

Always good to have a clear view for next week,

later buddy
  • #81,560
  • Apr 27, 2012 3:51pm Apr 27, 2012 3:51pm
Traders talking about corrections is still good for the bulls,
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