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The Really Useless Thread

  • #85,661
  • May 9, 2012 11:09am May 9, 2012 11:09am
Quoting FibbinArchie
pretty safe assumption that you're trying to trade chop if that happens...
Exactly. I am always behind price, so it is not recognized as chop until the damage is done.
  • #85,662
  • May 9, 2012 11:13am May 9, 2012 11:13am
Quoting Venice
Exactly. I am always behind price, so it is not recognized as chop until the damage is done.
that's where you can start building in filters, even if it's just an intuitive reading of price bars, the problem is as you've described it, that at that point you're overly keen to cover losses, which is the worst for clouding judgement and greatly impacts your ability to have the patience to wait for a clear signal...

it's a tricky ass game this trading..
  • #85,663
  • May 9, 2012 11:17am May 9, 2012 11:17am
45 mins to go till bond auction, wouldn't be surprised to see a further penetration of 58, lets c, taking a break, bbl...
  • #85,664
  • May 9, 2012 11:20am May 9, 2012 11:20am
Quoting FXMastermind
Sneaky short EU @2958...
2965 is a crucial level here, overnight lows + 61.8% fib retracement of that recent move lower...

placing SL @2968

EDIT: Thatīs all for me today, folks, cheers, have a good time and see ya all tomorrow!

FXM
Quant Hedge Fund CEO
  • #85,665
  • May 9, 2012 11:20am May 9, 2012 11:20am
here we go..

Greek news..
Attached Image (click to enlarge)
Click to Enlarge Name: Capture news.PNG Size: 51 KB
  • #85,666
  • May 9, 2012 11:25am May 9, 2012 11:25am
who would have thought

Quoting Piters
here we go..

Greek news..
Disclaimer: Check your 1m charts
  • #85,667
  • May 9, 2012 11:26am May 9, 2012 11:26am
The politicians fucked up Europe in a big way. I really don't see how are they going to get out of this.. No way this is gonna work.
  • #85,668
  • May 9, 2012 11:26am May 9, 2012 11:26am
Quoting FXMastermind
2965 is a crucial level here, overnight lows + 61.8% fib retracement of that recent move lower...

placing SL @2968

EDIT: Thatīs all for me today, folks, cheers, have a good time and see ya all tomorrow!

FXM
a wee bit tight if it decides it wants to overshoot imo, but gl with the trade...
  • #85,669
  • May 9, 2012 11:29am May 9, 2012 11:29am
The A-Team will work it out

Quoting attila
The politicians fucked up Europe in a big way. I really don't see how are they going to get out of this.. No way this is gonna work.
Attached Image
Disclaimer: Check your 1m charts
  • #85,670
  • May 9, 2012 11:31am May 9, 2012 11:31am
Quoting FibbinArchie
a wee bit tight if it decides it wants to overshoot imo, but gl with the trade...
I donīt like to risk much when not around, I think that if it finds a reason to break through that 65 level, it might easily go back up to 94/97...

In this environment, one fart from Greece can easily send it 30 pips in any direction, so I tend to keep it tight when not here to monitor newsfeed and close it manually if something went wrong.
Quant Hedge Fund CEO
  • #85,671
  • May 9, 2012 11:32am May 9, 2012 11:32am
Quoting pipper
The A-Team will work it out
The only way to make this work is suspend elections throughout the continent... Ehh.. Hmmmm....
  • #85,672
  • May 9, 2012 11:32am May 9, 2012 11:32am
Quoting Piters
here we go..

Greek news..
dow jones is reporting that negotiations over coalition gov't will continue tomorrow...

hey, it's just like old times, waiting for news out of greece and getting nothing but mixed messages...
  • #85,673
  • May 9, 2012 11:33am May 9, 2012 11:33am
Quoting FXMastermind
I donīt like to risk much when not around, I think that if it finds a reason to break through that 65 level, it might easily go back up to 94/97...

In this environment, one fart from Greece can easily send it 30 pips in any direction, so I tend to keep it tight when not here to monitor newsfeed and close it manually if something went wrong.
good point..
  • #85,674
  • May 9, 2012 11:34am May 9, 2012 11:34am
Quoting attila
The politicians fucked up Europe in a big way. I really don't see how are they going to get out of this.. No way this is gonna work.
How many printing presses are needed more?
Let's jump down the fuck*ng Euro till ~0.95.
Why support the misleading hokey european political mismanagement any longer?
  • #85,675
  • May 9, 2012 11:35am May 9, 2012 11:35am
Quoting pipper
The A-Team will work it out
Inserted Video
  • #85,676
  • May 9, 2012 11:37am May 9, 2012 11:37am
Quoting Forexcube
How many printing presses are needed more?
Let's jump down the fuck*ng Euro till ~0.95.
On the other hand strong dollar screws up the U.S. so expect the bernak to start waving the QE 5 flag.. Watta fuck up..
  • #85,677
  • May 9, 2012 11:38am May 9, 2012 11:38am
Quoting attila
On the other hand strong dollar screws up the U.S. so expect the bernak to start waving the QE 5 flag.. Watta fuck up..
Not to mention... E/C with its floor. U/J with its countless interventions. That thing is slowly working its way back down again too. LOL.
  • #85,678
  • May 9, 2012 11:38am May 9, 2012 11:38am
Good old Murdoch Archie

Quoting FibbinArchie
http://www.youtube.com/watch?v=mHt49t6EC_4
Disclaimer: Check your 1m charts
  • #85,679
  • May 9, 2012 11:40am May 9, 2012 11:40am
Quoting pipper
Good old Murdoch Archie
classic saturday night tea time viewing...

if you were a kid in the mid 80's that is...
  • #85,680
  • May 9, 2012 11:40am May 9, 2012 11:40am
Quoting FibbinArchie
dow jones is reporting that negotiations over coalition gov't will continue tomorrow...

hey, it's just like old times, waiting for news out of greece and getting nothing but mixed messages...
Exactly.. having right player for right moment is the Goal..

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