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The Really Useless Thread

  • #95,501
  • Jun 8, 2012 7:40am Jun 8, 2012 7:40am
Both US and CAD data not too far from expectations, nothing shocking, bad US TB might actually add a bit on fire, might see some Friday NY sell off...

Macro themes will rule the day and with Spain very stubborn in denying any implications they might request aid over the weekend, safe haven demand might be clear ahead...

+unexpected chinese rate cut sparks some uncertainty in the market, many expect some fairly low data coming on Saturday...
Quant Hedge Fund CEO
  • #95,502
  • Jun 8, 2012 7:41am Jun 8, 2012 7:41am
Quoting PayTheLimit
short eur/gbp 8088, sl 8105, pay 8034..
pay 8058 instead...
Look Sharp/Trade Tight
  • #95,503
  • Jun 8, 2012 7:45am Jun 8, 2012 7:45am
Quoting PayTheLimit
pay 8058 instead...
I have to find one post where so called PTL claims he erased EG chart from his platform for good, never to come back...

Nice pips there, gratz...
Quant Hedge Fund CEO
  • #95,504
  • Jun 8, 2012 7:46am Jun 8, 2012 7:46am
Quoting FXMastermind
I have to find one post where so called PTL claims he erased EG chart from his platform for good, never to come back...

Nice pips there, gratz...

I am following 15 pairs now, I have had it, snaped I tell you...
Look Sharp/Trade Tight
  • #95,505
  • Jun 8, 2012 7:50am Jun 8, 2012 7:50am
Quoting PayTheLimit
I am following 15 pairs now, I have had it, snaped I tell you...
You are my hero, I am glad I can keep my focus over 3 or 4 pairs I am actively trading (EU,AU,GU,UJ...) + further 3 or 4 charts as reference + misc. useful charts (Oil, Gold, SP, FI etc.).

15 pairs seems a lot to me but for a guy with experience from the pit, it must be rather relaxing
Quant Hedge Fund CEO
  • #95,506
  • Jun 8, 2012 7:52am Jun 8, 2012 7:52am
2440 ahead, watch it!
Quant Hedge Fund CEO
  • #95,507
  • Jun 8, 2012 7:54am Jun 8, 2012 7:54am
Quoting FXMastermind
You are my hero, I am glad I can keep my focus over 3 or 4 pairs I am actively trading (EU,AU,GU,UJ...) + further 3 or 4 charts as reference + misc. useful charts (Oil, Gold, SP, FI etc.).

15 pairs seems a lot to me but for a guy with experience from the pit, it must be rather relaxing
its not bad, plus a lot of cross are mirrors...and I toss out a few pairs each morning that might look crappish..plus what else to I have to do, other that to chat with FxMo..and dont forget, I trade off the hourly only...
Look Sharp/Trade Tight
  • #95,508
  • Jun 8, 2012 7:59am Jun 8, 2012 7:59am
Quoting PayTheLimit
its not bad, plus a lot of cross are mirrors...and I toss out a few pairs each morning that might look crappish..plus what else to I have to do, other that to chat with FxMo..and dont forget, I trade off the hourly only...
here is some more of it
Attached File(s)
File Type: pdf ptl.pdf   322 KB | 294 downloads
  • #95,509
  • Jun 8, 2012 8:01am Jun 8, 2012 8:01am
Quoting PayTheLimit
its not bad, plus a lot of cross are mirrors...and I toss out a few pairs each morning that might look crappish..plus what else to I have to do, other that to chat with FxMo..and dont forget, I trade off the hourly only...
Makes sense, scalping I am mostly doing is much more intense in terms of attention required.

However, I might have caught a bad habit (or two) from you, I am currently migrating part of my trading to H1 TF as well, you might have noticed I actually kept a position overnight (!!!) and earned more than 40 pips from one position...

...and if you know your levels, it works like charm, H1 is imo the most stable TF out there - and as I already posted before, many academic papers back this statement...
Quant Hedge Fund CEO
  • #95,510
  • Jun 8, 2012 8:01am Jun 8, 2012 8:01am
Quoting fxjawn
here is some more of it
nice..
Look Sharp/Trade Tight
  • #95,511
  • Jun 8, 2012 8:03am Jun 8, 2012 8:03am
fu and closed my shit early yesterday. then went long and lost 21.. was waiting to s twice at levels that never came. 2434 is a LM and may be todays low till role .. i don't know but its on the chart. i just closed a s scalp.. 2437 atm low
those who can, do. those who cant, talk about those who can
  • #95,512
  • Jun 8, 2012 8:03am Jun 8, 2012 8:03am
Quoting FXMastermind
H1 is imo the most stable TF out there - and as I already posted before, many academic papers back this statement...
well its the TF that keeps me most stable...
Look Sharp/Trade Tight
  • #95,513
  • Jun 8, 2012 8:04am Jun 8, 2012 8:04am
Quoting PayTheLimit
its not bad, plus a lot of cross are mirrors...and I toss out a few pairs each morning that might look crappish..plus what else to I have to do, other that to chat with FxMo..and dont forget, I trade off the hourly only...
  • #95,514
  • Jun 8, 2012 8:04am Jun 8, 2012 8:04am
Quoting fxjawn
I was wondering if you saw that...
Look Sharp/Trade Tight
  • #95,515
  • Jun 8, 2012 8:06am Jun 8, 2012 8:06am
Quoting PayTheLimit
I was wondering if you saw that...
yes i read and listen to every word u say..
  • #95,516
  • Jun 8, 2012 8:08am Jun 8, 2012 8:08am
Quoting gatorinla
fu and closed my shit early yesterday. then went long and lost 21.. was waiting to s twice at levels that never came. 2434 is a LM and may be todays low till role .. i don't know but its on the chart. i just closed a s scalp.. 2437 atm low
sitting here waiting to s at some more levels that may never come. 2544 ish is the area i look.. also 2564 or weakness usually above 2544... if we do bounce here, and then return and make a lower low. then we can target the 2284 low.. if we go down further to 240x then bounce back to the 2544 64 area (or wherever) then make a LL then the target will be lower.
those who can, do. those who cant, talk about those who can
  • #95,517
  • Jun 8, 2012 8:10am Jun 8, 2012 8:10am
Quoting fxjawn
yes i read and listen to every word u say..

Look Sharp/Trade Tight
  • #95,518
  • Jun 8, 2012 8:11am Jun 8, 2012 8:11am
Quoting gatorinla
sitting here waiting to s at some more levels that may never come. 2544 ish is the area i look.. also 2564 or weakness usually above 2544
2540/2555 area was mine in the morning and kinda still is, but...me slowly starts to think we might not get there so I must reevaluate my levels...
Quant Hedge Fund CEO
  • #95,519
  • Jun 8, 2012 8:11am Jun 8, 2012 8:11am
Quoting fxjawn
What are you laughing at? Come at me, bro!
Quant Hedge Fund CEO
  • #95,520
  • Jun 8, 2012 8:17am Jun 8, 2012 8:17am
Getting close to cut.

This hour close above 51/52 and next hour first few minutes may be strong buying trying to break 68/70.

I doubt pair is able to break previous weeks close while other correlating assets are recovering intraday.
They think they are smarter than I am.
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