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The Really Useless Thread

  • #91,241
  • May 24, 2012 3:01am May 24, 2012 3:01am
sweet jesus of nazarith
  • #91,242
  • May 24, 2012 3:26am May 24, 2012 3:26am
wow. looks like we might get a decent bounce.
  • #91,243
  • May 24, 2012 3:31am May 24, 2012 3:31am
getting a bit cavalier with the scalping, better mind my manners and respect the market...
  • #91,244
  • May 24, 2012 3:31am May 24, 2012 3:31am
Quoting pkimnyc
wow. looks like we might get a decent bounce.
had to come back to the 50
  • #91,245
  • May 24, 2012 3:36am May 24, 2012 3:36am
Quoting fxjawn
sweet jesus of nazarith
send us a sign god!!!
Attached Image
  • #91,246
  • May 24, 2012 3:37am May 24, 2012 3:37am
Quoting fxjawn
had to come back to the 50
15 min pin, 1hr bull div, 1 min 5 wave advance on the up run.

as long as 50 holds, good for shorts. if taken, might consider bulls.
  • #91,247
  • May 24, 2012 3:41am May 24, 2012 3:41am
Quoting FibbinArchie
send us a sign god!!!
lol
  • #91,248
  • May 24, 2012 3:42am May 24, 2012 3:42am
Quoting FibbinArchie
send us a sign god!!!
...
Attached Image
  • #91,249
  • May 24, 2012 3:42am May 24, 2012 3:42am
Quoting pkimnyc
15 min pin, 1hr bull div, 1 min 5 wave advance on the up run.

as long as 50 holds, good for shorts. if taken, might consider bulls.
im out bro...

1 eu order... 3 au orders... +103.8 total... not bad... scaled in bc of all the data
  • #91,250
  • May 24, 2012 3:46am May 24, 2012 3:46am
Quoting fxjawn
im out bro...

1 eu order... 3 au orders... +103.8 total... not bad... scaled in bc of all the data
nice trade bro.
  • #91,251
  • May 24, 2012 3:47am May 24, 2012 3:47am
maybe one last dip before late london am retrace? stopped scalping short since we got back above 50...

got weekly support 2 at 2512, got as low as daily support 1 so far..
  • #91,252
  • May 24, 2012 3:49am May 24, 2012 3:49am
Quoting pkimnyc
nice trade bro.
thanks bro

cant really count scaled in pips but it sounds cooler...

u know thats what im all about
  • #91,253
  • May 24, 2012 3:54am May 24, 2012 3:54am
Quoting sisse
Poor numbers keep coming from Europe. If the Germans are playing the devaluation game and forcing the "misbehave" EZ members to make reforms on the edge, they are now definitively playing with fire.

Below 1.258x there is air to 1.223x. Only "magic" lines in play at these levels so all shorts but in "gambling" mode for the the pullbacks. Intraday for today break 1.254x open 1.248x and mildly 1.236x. To the other side nothing below 1.258x.

sisse
saw a section on the news last night about the euro, focus was more on germany biting the bullet on inflation to support greece, rather than on an actual greek exit, nearly a month to go till the new election..
  • #91,254
  • May 24, 2012 4:00am May 24, 2012 4:00am
Quoting pkimnyc
...
god hates the euro...
  • #91,255
  • May 24, 2012 4:27am May 24, 2012 4:27am
got 258x as an area of interest (aug 2010 low and was an area to play off during last night's consolidation), expecting to see 260x cap any intraday rally if we've got more downside in store...
  • #91,256
  • May 24, 2012 4:37am May 24, 2012 4:37am
check this little piece out... and burn it into your brain if you don't want to wind up tapping out your account...

http://www.bkforexadvisors.com/boris...-to-the-metal/

learning to manage your leverage is the trading holy grail...

if you habitually average down on a highly leveraged position, then it's a bit like lying on the train tracks waiting for the train to come, it's only a matter of time...
  • #91,257
  • May 24, 2012 4:44am May 24, 2012 4:44am
Quoting FibbinArchie
check this little piece out... and burn it into your brain if you don't want to wind up tapping out your account...

http://www.bkforexadvisors.com/boris...-to-the-metal/

learning to manage your leverage is the trading holy grail...
so true brother... its the last thing that most ppl miss before finally being sucessful
  • #91,258
  • May 24, 2012 4:45am May 24, 2012 4:45am
Quoting fxjawn
so true brother... its the last thing that most ppl miss before finally being sucessful
slow and steady wins the race bro..

i bet that a high proportion of retail traders couldn't even tell you what their leverage was...

and retail brokers advertise 200:1 like it's a good thing, it's not, it's a poisoned chalice...
  • #91,259
  • May 24, 2012 4:54am May 24, 2012 4:54am
Quoting FibbinArchie
slow and steady wins the race bro..

i bet that a high proportion of retail traders couldn't even tell you what their leverage was...

and retail brokers advertise 200:1 like it's a good thing, it's not, it's a poisoned chalice...
yea most in the uk get 200 to 500 to 1 even 1000 to one on some...

slow and steady wins for sure... look at kenfens curve
  • #91,260
  • May 24, 2012 5:01am May 24, 2012 5:01am
Quoting fxjawn
yea most in the uk get 200 to 500 to 1 even 1000 to one on some...

slow and steady wins for sure... look at kenfens curve
that's what it's about, look after the downside and the profits take care of themselves, compounding is a very powerful thing, but you need patience for it to work, this isn't a get rich quick scheme..
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