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The Really Useless Thread

  • #107,901
  • Edited 12:42am Aug 22, 2012 12:32am | Edited 12:42am
According to my chart the first move did not touch the 23.6 fib, this one basically did, about 0.3 pips away.

Snuck another two in with RR of at least 10:1! Cmon please no touchie of stop loss!

EA M1

Edit: I swear whenever I post charts my stops get taken out almost immediately after. What we are seeing here is insane really. -3 and -4 there, was worth a try imo

E/U still hasn't budged while AUD continues to go down
Attached Image (click to enlarge)
Click to Enlarge Name: EA-1m-8-21-2012.jpg Size: 137 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #107,902
  • Aug 22, 2012 12:42am Aug 22, 2012 12:42am
Quoting Rag2RichesFX
According to my chart the first move did not touch the 23.6 fib, this one basically did, about 0.3 pips away.

Snuck another two in with RR of at least 10:1! Cmon please no touchie of stop loss!

EA M1

Edit: I swear whenever I post charts my stops get taken out almost immediately after. What we are seeing here is insane really. -4

E/U still hasn't budged while AUD continues to go down
those fuckers want blood
  • #107,903
  • Aug 22, 2012 12:55am Aug 22, 2012 12:55am
Quoting fxjawn
those fuckers want blood
indeed, my blood

been watching this POS go straight up for more than 24 hours with only a 20 pip pull back.

I'll keep shorting with really tight stops once we get some tops and roll over

PA is kind of telling me that EA will just consolidate for a while before attempting to decide direction but I still think some pull back is due..
Be hopeful in a winning position, and fearful in a losing position.
  • #107,904
  • Aug 22, 2012 12:56am Aug 22, 2012 12:56am
Quoting Geppy
Yeah, I missed something too...

I guess there's been some drama around these parts in the last few days while I've been enjoying myself during the summer doldrums.

Not enough action in the FX markets making the kids a lil restless?
yawn.

cough, cough...

...and yawn.
  • #107,905
  • Aug 22, 2012 1:03am Aug 22, 2012 1:03am
Happy Birrthdddaayyy anniversaryyy Kenyussss......

http://2.bp.blogspot.com/_7M5utwYWvp...anda-B-Day.jpg
If there was easy money lying around,no one would be forcing it into your
  • #107,906
  • Aug 22, 2012 1:03am Aug 22, 2012 1:03am
Silver was a (frantic) leader a couple of days ago.

Not going to dig for my quote...but did ask...would Gold follow?

And if so...what will that mean for others?

Look around your charts...answers are clearly there. Decoupling of "friends" certainly present, but hey...this isn't supposed to be easy!

  • #107,907
  • Aug 22, 2012 1:09am Aug 22, 2012 1:09am
Dare I post another chart? They might run my stops! This time EU not EA

Need 2452 to go. Bull flag + steep trend line makes me a bit cautious though.

E/U H1
Attached Image (click to enlarge)
Click to Enlarge Name: EU-1hr8-21-2012.jpg Size: 154 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #107,908
  • Aug 22, 2012 1:13am Aug 22, 2012 1:13am
Quoting FXMindset
Happy Birrthdddaayyy anniversaryyy Kenyussss......

http://2.bp.blogspot.com/_7M5utwYWvp...anda-B-Day.jpg
Soooo damn sweet!

On behalf of everyone here, I thank you 50,000(lots) times...
























































Attached Image




I know, I know...bad joke, Mr Mindset. Alas...a joke it was.



Sincerely...thank you for the well wishes...and all of your contributions!

You've got a good soul!

My best to you, my friend.

Ken
  • #107,909
  • Aug 22, 2012 1:13am Aug 22, 2012 1:13am
Quoting kenfen69
Silver was a (frantic) leader a couple of days ago.

Not going to dig for my quote...but did ask...would Gold follow?

And if so...what will that mean for others?

Look around your charts...answers are clearly there. Decoupling of "friends" certainly present, but hey...this isn't supposed to be easy!

I saw your quote, Yes they do tend to lead the way, I have noticed that in my limited trading experience.

Should have longed $1530 with a billion lots, but at least am long silver
Be hopeful in a winning position, and fearful in a losing position.
  • #107,910
  • Aug 22, 2012 1:16am Aug 22, 2012 1:16am
Quoting kenfen69
Soooo damn sweet!

On behalf of everyone here, I thank you 50,000(lots) times...























































Attachment



I know, I know...bad joke, Mr Mindset. Alas...a joke it was.



Sincerely...thank you for the well wishes...and all of your contributions!

You've got a good soul!

My best to you, my friend.

Ken

all the best Mr.Ken


With love for Mr.Ken & Sweety Kills which always keep the balance in here
and others here...prosperity health wealth for all's


Cheers
If there was easy money lying around,no one would be forcing it into your
  • #107,911
  • Aug 22, 2012 1:18am Aug 22, 2012 1:18am
Quoting Rag2RichesFX
Dare I post another chart? They might run my stops! This time EU not EA

Need 2452 to go. Bull flag + steep trend line makes me a bit cautious though.

E/U H1
Is happening...fairly hard.

Metals ON...Aussie off.

Next leg up seems imminent. Mind your margin...and "never let them see you sweat."
  • #107,912
  • Aug 22, 2012 1:20am Aug 22, 2012 1:20am
Quoting FXMindset
all the best Mr.Ken


With love for Mr.Ken & Sweety Kills which always keep the balance in here
and others here...prosperity health wealth for all's


Cheers


Stay Gold, Ponyboy!

  • #107,913
  • Aug 22, 2012 1:22am Aug 22, 2012 1:22am
I dunno if anybody trades E/U these days, but here's how close things came to rolling me long at the hour. These lines, Ken, are the evolution of Flipper. That blue line, read off the right hand scale, is a directional control line: when it's negative, like it's been since yesterday afternoon, the trades are signalled off the slope of one or the other of the top two lines.

Right before 0100 (the time are US Central because the server is in Chicago and that synchs with the futures), the blue line got right to zero before turning south.

But here's what's interesting: just as it got to zero, the slope of the bottom two lines successively went negative. That means that even if it switched the signal polarity, it would have stayed short. Bottom line, is, doesn't look like this short is over, at least for me, for better or worse.

Hey, does PTL come around anymore? I was hoping to talk grains with him. I have to go to bed.

Later.
Attached Image (click to enlarge)
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  • #107,914
  • Aug 22, 2012 1:30am Aug 22, 2012 1:30am
Quoting Rag2RichesFX
Should have longed $1530 with a billion lots, but at least am long silver
Don't be afraid to bank profits there!

Hell of a run when rolling in your direction, but can snap back, really quick.

Not my favourite "intra-day" instrument, by any stretch of the imagination. Gold seems to have much more forgiveness. Silver? Blink...and you missed it. Blink...and your money is gone. I LOVE placing Pending Orders. Highly possible on Gold. Silver? By gawd, be careful. Need flows. Haven't been there. Last couple days look great...see if it lasts.

GL with it.
  • #107,915
  • Aug 22, 2012 1:37am Aug 22, 2012 1:37am
Quoting OldQuant
Hey, does PTL come around anymore? I was hoping to talk grains with him. I have to go to bed.

Later.
Quick response...

Out for the summer. In contact...we ALL hope, pray and FEAR the bastard will be back!

Couple weeks, Q...he'll at least say goodbye if it is to be no more...I (continue to) hope, at least! Have a bellies conversation, or two, to have with him, too!

Now back to the evolved Flip...I like!

...and the majority around here still trade EU!
  • #107,916
  • Aug 22, 2012 1:46am Aug 22, 2012 1:46am
Quoting kenfen69
Don't be afraid to bank profits there!

Hell of a run when rolling in your direction, but can snap back, really quick.

Not my favourite "intra-day" instrument, by any stretch of the imagination. Gold seems to have much more forgiveness. Silver? Blink...and you missed it. Blink...and your money is gone. I LOVE placing Pending Orders. Highly possible on Gold. Silver? By gawd, be careful. Need flows. Haven't been there. Last couple days look great...see if it lasts.

GL with it.
Silver is my main hedge for most of my USD

I bought physical @ 26.75. It probably will double top here @ $29.50 in the short term but its a hedge not a intraday/week trade

I definitely wouldn't trade it intra day when I can use leverage. If 1:1 leverage was the maximum allowed that would probably be the only time I would trade it because it does have the largest % swings intra day, often 2-3%.

I used to trade gold when I first started trading FX, but do not like it anymore. Something has been weird with gold this year. Probably the fact that the market is correcting, so people have moved onto other markets. In 2011 gold was a fantastic intra day trade with very good RR.

But also the moves this year have seemed really sudden, like a CB placing an order than moves gold $5/oz in seconds. Plus the slippage has been horrible for me (50 cents to $1.50 at times)

I purely trade currencies now for intra day.

Sorry, rambled on there
Be hopeful in a winning position, and fearful in a losing position.
  • #107,917
  • Aug 22, 2012 1:52am Aug 22, 2012 1:52am
OQ good to see u man
  • #107,918
  • Aug 22, 2012 1:54am Aug 22, 2012 1:54am
Quoting OldQuant
But here's what's interesting: just as it got to zero, the slope of the bottom two lines successively went negative. That means that even if it switched the signal polarity, it would have stayed short. Bottom line, is, doesn't look like this short is over, at least for me, for better or worse.
Very interesting! Very interesting, indeed.

I still see room for UP...even on that gawd-for-saken pair, BUT...

I smell a retrace. Yes, I see all the Bull (/Bear) flags across the board, but I'm going up another few levels to see if they're playing for keeps.

Would love to see more from the Evolved One. Again...most watched pair around here, I'm sure. Chart, or two, from yourself will reaffirm that...VERY sharpish, I'm sure.

Stay well, Q...best,

Ken
  • #107,919
  • Aug 22, 2012 2:01am Aug 22, 2012 2:01am
From ForexLive

I’d just like to confirm the obvious…..

Written by Gerry Davies
August 22, 2012 at 06:36 GMT

There are some bloody big sell orders lined up just ahead of 1.2500 http://www.forexlive.com/wp-includes...icon_smile.gif
For instance, heard of just one bank alone with a yard to go up there.
Anyone asks me what a yard is will be banned from this site http://www.forexlive.com/wp-includes.../icon_wink.gif
Be hopeful in a winning position, and fearful in a losing position.
  • #107,920
  • Aug 22, 2012 2:01am Aug 22, 2012 2:01am
Quoting fxjawn
OQ good to see u man
Duhhhhh!!!! I know, wut?

There's a bastard that can spin a wheel in a brain, or a few!

Nice surprise. Hope we can give the man some of what he wants!

First request...

PTL for grains!

Bring it! (<--chaz...you fakking chav! )
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