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The Really Useless Thread

  • #97,701
  • Jun 21, 2012 2:16pm Jun 21, 2012 2:16pm
Quoting pkimnyc
greedy bastards...
Yep! Ever chance I get bro...

We have a major/Mid coming up on the USDFlx. Shit ! If brake above is poss 3 solders next....GL!
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  • #97,702
  • Jun 21, 2012 2:47pm Jun 21, 2012 2:47pm
Stops below were tripped. Let's see now.. The exact banks on the chopping block. Talking about several tens of billions here.. LOL.
  • #97,703
  • Jun 21, 2012 2:56pm Jun 21, 2012 2:56pm
gave long bit more room risking 5, still feel we might be very near to a turning point

EJ M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #97,704
  • Jun 21, 2012 3:11pm Jun 21, 2012 3:11pm
Quoting attila
Stops below were tripped. Let's see now.. The exact banks on the chopping block. Talking about several tens of billions here.. LOL.
Up to 78 Bil. for Spain, Bro.....Shits gona hit the fan!

http://www.marketwatch.com/story/aud...dist=afterbell


LOL!

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  • #97,705
  • Jun 21, 2012 3:30pm Jun 21, 2012 3:30pm
will be watching 1.2515
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Disclaimer: Check your 1m charts
  • #97,706
  • Jun 21, 2012 3:39pm Jun 21, 2012 3:39pm

  1. 3:55 PM Mario Monti's government is teetering (read Berlusconi's interview yesterday), and he may need a home run at tomorrow's summit in the form of a major concession from Germany to survive. Things haven't gotten off to a good start, with the Bundesbank today rejecting a piece of the Monti plan to support peripheral bond markets. Comment!
  2. JPM, GS
    3:30 PM Five U.S. banks and 9 European banks have had their ratings cut by Moody's, reports CNBC, with the official announcement coming soon. On the U.S. side, JPM, GS, and C look to be receiving 2-notch cuts, worse than hoped. BAC is said to receive a 1-notch cut, in line. No word yet on MS, but the expectation is for a multi-notch cut.

  • #97,707
  • Jun 21, 2012 4:35pm Jun 21, 2012 4:35pm
s/o -7 .. looking for a bounce to s.. i don't know where... R at 82 2622 2639 ect.. normal is 2668 ish.. im skeptical on 2668.. but it happens more times then not
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those who can, do. those who cant, talk about those who can
  • #97,708
  • Jun 21, 2012 4:40pm Jun 21, 2012 4:40pm
Quoting kill56
[list][*] 3:55 PM Mario Monti's government is teetering (read Berlusconi's interview yesterday), and he may need a home run at tomorrow's summit in the form of a major concession from Germany to survive. Things haven't gotten off to a good start, with the Bundesbank today rejecting...
st if gold goes to 1555/56.00 and 1492-8 is on the st chart now.. mid at 1518 .. so after 1522 is taken out.. we may have a head fake to 1594.95 ... just getting below 1522 and sub 1300 is in the picture. many others will be triggered lower on the way
those who can, do. those who cant, talk about those who can
  • #97,709
  • Jun 21, 2012 4:48pm Jun 21, 2012 4:48pm
fxpro bastards with no connection again...
  • #97,710
  • Jun 21, 2012 4:53pm Jun 21, 2012 4:53pm
Quoting gatorinla
st if gold goes to 1555/56.00 and 1492-8 is on the st chart now.. mid at 1518 .. so after 1522 is taken out.. we may have a head fake to 1594.95 ... just getting below 1522 and sub 1300 is in the picture. many others will be triggered lower on the way
true 1522 is the line in the sand, i think a visit to 1400's is insight for now befor any real retrace, but gold can run
  • #97,711
  • Jun 21, 2012 4:55pm Jun 21, 2012 4:55pm
Quoting pkimnyc
fxpro bastards with no connection again...

fak them get u a honda it runs better
  • #97,712
  • Jun 21, 2012 4:55pm Jun 21, 2012 4:55pm
My new plan for Friday retrace and dump plan, plan with euro... and ozzy too..Orders at 2573/2600...GL!
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  • #97,713
  • Edited 5:10pm Jun 21, 2012 4:59pm | Edited 5:10pm
wheres the fak is moody

Thursday, June 21, 5:23 PM Moody's cuts Morgan Stanley's (MS) rating two notches - to Baa1 from A2; 10 other firms by two notches and four firms by one notch (largely as expected).
  • #97,714
  • Jun 21, 2012 5:01pm Jun 21, 2012 5:01pm
Quoting kill56
fak them get u a honda it runs better
yea, maybe those bastards are going out of business...
  • #97,715
  • Jun 21, 2012 5:37pm Jun 21, 2012 5:37pm
maybe baby
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  • #97,716
  • Jun 21, 2012 6:02pm Jun 21, 2012 6:02pm
Quoting Geppy
Still going lower in my opinion. My target is at 1.2525

See 1H and 4H charts below:
We might bounce some here, but I'm not confident we will... not confident enough to cut my shorts at least.

I'm actually lowering my target profits:

  1. EUR/USD now 1.2460 (from 1.2525)
  2. GBP/USD now 1.5525 (from 1.5585)


I had the chance to close my sterling at target, but I don't want to lose my position. The biggest mistake I used to make as a trader was cutting my winners too early.

It's easy to get out and plan on getting back in on a retracement, but a lot of the time they don't come. This is feeling an awful like one of those instances where it doesn't come.

I still make this mistake from time to time. Early this month I got heavily short EUR/AUD at 1.2850 I rode it all the way down to 1.2550, adding more shorts on pull backs, but never taking off my original position. At that point, I thought it was "due for a retracement" and figured I'd get back in at 1.2700ish

That price never came and the bastard has traded through 1.2400 (higher now).

Sorry for the 'lesson'. I know some of you are waiting for a retracement to hop in on the short side. I'm not advising you to get in now instead, just sharing one of my weaknesses I'm always working on.

check out my blog: forexmademillionaire dot com
  • #97,717
  • Jun 21, 2012 6:11pm Jun 21, 2012 6:11pm
Quoting Geppy
We might bounce some here, but I'm not confident we will... not confident enough to cut my shorts at least.

I'm actually lowering my target profits:

  1. EUR/USD now 1.2460 (from 1.2525)
  2. GBP/USD now 1.5525 (from 1.5585)


I had the chance to close my sterling at target, but I don't want to lose my position. The biggest mistake I used to make as a trader was cutting my winners too early.

It's easy to get out and plan on getting back in on a retracement, but a lot of the time they don't come. This is feeling an awful...

They do give out 2nd, even 3rd entries. Not really worried about missing the train.
  • #97,718
  • Jun 21, 2012 6:29pm Jun 21, 2012 6:29pm
Quoting Geppy
We might bounce some here, but I'm not confident we will... not confident enough to cut my shorts at least.


I'm actually lowering my target profits:

  1. EUR/USD now 1.2460 (from 1.2525)
  2. GBP/USD now 1.5525 (from 1.5585)

I had the chance to close my sterling at target, but I don't want to lose my position. The biggest mistake I used to make as a trader was cutting my winners too early.

It's easy to get out and plan on getting back in on a retracement, but a lot of the time they don't come. This is feeling an awful like one...

i was wondering if you closed ... 5 pips shy orf your target. nice call
  • #97,719
  • Jun 21, 2012 6:35pm Jun 21, 2012 6:35pm
Quoting Geppy
We might bounce some here, but I'm not confident we will... not confident enough to cut my shorts at least.

I'm actually lowering my target profits:

  1. EUR/USD now 1.2460 (from 1.2525)
  2. GBP/USD now 1.5525 (from 1.5585)


I had the chance to close my sterling at target, but I don't want to lose my position. The biggest mistake I used to make as a trader was cutting my winners too early.

It's easy to get out and plan on getting back in on a retracement, but a lot of the time they don't come. This is feeling an awful...

I feel the same way, i cut my blocks off though, didnt like the way they were milkin every single pip they could from it, could mean they were not letting anyone who took longs an op to get out without a loss or deep loss. Sucks having to rerisk a trade again , where as you can always take some but if a retrace you can add to your wonderful position already in play. tough call for sure, think we all struggle with that
"Millionaires don't use astrology, billionaires do"
  • #97,720
  • Jun 21, 2012 6:56pm Jun 21, 2012 6:56pm
Quoting Geppy
We might bounce some here, but I'm not confident we will... not confident enough to cut my shorts at least.

I'm actually lowering my target profits:

  1. EUR/USD now 1.2460 (from 1.2525)
  2. GBP/USD now 1.5525 (from 1.5585)


I had the chance to close my sterling at target, but I don't want to lose my position. The biggest mistake I used to make as a trader was cutting my winners too early.

It's easy to get out and plan on getting back in on a retracement, but a lot of the time they don't come. This is feeling an awful like...

nice read....you may be right.....seeing a channel forming on the S&P between the 100 on top and 200 at 1300 with S today at the 20

june 11th the thing sold off hard and bounced on the Spain deal.........the big european summit is next week

IBEX and MIB have been front running US equity indexes since .......just saying.

great points you make
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