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The Really Useless Thread

  • #107,961
  • Aug 22, 2012 4:11am Aug 22, 2012 4:11am
Quoting kenfen69


The Useless Thread turned one year old yesterday.

Best and GL!
Excellent. Congrats to you as everybody can see the hard work and TIME required to keep it going ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #107,962
  • Aug 22, 2012 4:21am Aug 22, 2012 4:21am
Quoting Rag2RichesFX
Okay either only 1:1 leverage or are you happy with RR profile of 2:1 if you know the stop almost never gets hit?

If you are targeting 100 pips where does your mental stop go (obviously near s/r but typically how many pips)?

Curious!
It is SO rare (and I hate it when I'm that accurate) that I'm in only one trade. I never really have "set" targets (other than partials that I pull out). I generally try to swim against the tide (get short as it moves up) on an intraday basis, while sticking with a longterm trend (EA == down). When that trend starts to reverse, I start swimming against the tide in the other direction...get long as price falls.

Not the easiest/least stressful (perhaps) of methods, but it works for me. Pull my partials...buy or sell my way into my next position. When I can capitalize...I do so...quick and leveraged. Float, float...POUNCE! That's my forex motto, I guess. 100 pips concerns me no more than 300 does...or 30, for that matter. All depends on where in the float/pounce cycle the market is, and if I'm in sync with it.

Maybe not the easiest thing to explain, but most of my charts show what I'm up to.
  • #107,963
  • Aug 22, 2012 4:27am Aug 22, 2012 4:27am
Quoting kenfen69
Which is WHY Old Quant was looking for him, too!
"Where's PTL? I wanna talk grains!"

Paraphrasing...but fairly accurate.
he was? i did not know this

oh yea ptl... i was like why the fuck would anyone be looking for me? lol
  • #107,964
  • Aug 22, 2012 4:50am Aug 22, 2012 4:50am
Quoting sisse
Excellent. Congrats to you as everybody can see the hard work and TIME required to keep it going ...

sisse
Ever the gentleman...and scholar, sisse.

A few special people around here that make any work involved time well spent.

Always a pleasure, my friend. Looking forward to a little more meat, and less filler, as the fall session comes about.

Cheers.
  • #107,965
  • Aug 22, 2012 4:54am Aug 22, 2012 4:54am
Quoting kenfen69
Ever the gentleman...and scholar, sisse.

A few special people around here that make any work involved time well spent.

Always a pleasure, my friend. Looking forward to a little more meat, and less filler, as the fall session comes about.

Cheers.
teehee
  • #107,966
  • Aug 22, 2012 4:58am Aug 22, 2012 4:58am
Quoting kbmoonshinex
hello bro. how your EA trade ?
Wearing thin, brother! Positive swaps are MUCH better when you're several hundred in the green!

Lot sizes are small on what I hold because I'm busy elsewhere this week, but I'd love to just wipe the slate and fold the lot. My Buy is now +317...should've picked up a few more of those!

Always tough when a (potential) reversal forms. Been paid handsomely so far...will find a way to transition into what comes next on it.

You banking a few?
  • #107,967
  • Aug 22, 2012 4:59am Aug 22, 2012 4:59am
Quoting fxjawn
teehee


From the moment I typed it...I knew it was coming!
  • #107,968
  • Aug 22, 2012 5:01am Aug 22, 2012 5:01am
Silver taking a smack. 29.63 here for the high so far.

Bit of an engulfed H1 there, though.
  • #107,969
  • Aug 22, 2012 5:10am Aug 22, 2012 5:10am
[quote=kenfen69;5947992]

. The Useless Thread turned one year old yesterday..

Attached Image
" Never let the past hold the future to ransom "
  • #107,970
  • Aug 22, 2012 5:13am Aug 22, 2012 5:13am
Quoting kenfen69
Silver taking a smack. 29.63 here for the high so far.

Bit of an engulfed H1 there, though.
Yeah this thing needs to come down a bit (28.40 looks nice), kind of like another market I know.

cough EA cough

Worries me though, the offers aren't until 1990/00 according to forexlive, although the order book doesn't always act act as a magnet.
Be hopeful in a winning position, and fearful in a losing position.
  • #107,971
  • Aug 22, 2012 5:41am Aug 22, 2012 5:41am
has anyone seen the new batdude returns, the movie?

good? bad? soso?
  • #107,972
  • Aug 22, 2012 5:46am Aug 22, 2012 5:46am
close an h below 2462 and it probably will turn bearish eu.. or a close below 2465, then break 62 and it could also run with a LL 2415 would be indicated. ..in the st..w/o this.. we are on support 2463.. and 2505 is still a target.. and st 2508.. oil still has not hit 99.xx. if we drop w/o hitting 2505 i will look to L 2317 till 22xx posted yesterday. when it looks like it will bounce.
12 m till h close
those who can, do. those who cant, talk about those who can
  • #107,973
  • Aug 22, 2012 5:48am Aug 22, 2012 5:48am
Quoting fxjawn
thanks for nothing

Just for you bro..

Quoting Piters
DX is tricky bro.. can go as a bull flag, bear flag but also a H&S too... let me get one chart

what's worrying me is that huge bearish divergence on weekly... and overpowering everything.. Daily has it too.. from here we can easy move higher or lower.. not really clear.. what is clear is weekly, but need few weeks/months to develop.. so far daily follows, and when we see 4h and 1h signal.. we might see the drop..


[Chart weekly and Daily]
Quoting Piters
BUT.. there are some more clues to look for.. I am not commenting..

just charts..

4H and 1H . simple

[Charts 4H & 1H]



posted here DXY yesterday before the breakup.

[DX weekly and daily]
http://www.forexfactory.com/showthre...98#post5942898

[DX 4h and 1h]
http://www.forexfactory.com/showthre...34#post5942934
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bear-w.PNG Size: 97 KB
Click to Enlarge Name: bear-d.PNG Size: 101 KB
Click to Enlarge Name: bear-4.PNG Size: 135 KB
  • #107,974
  • Edited 5:51am Aug 22, 2012 5:49am | Edited 5:51am
DX 4h...

[Charts yesterday and today...]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bear-4.PNG Size: 135 KB
Click to Enlarge Name: DX4.PNG Size: 119 KB
  • #107,975
  • Aug 22, 2012 5:51am Aug 22, 2012 5:51am
Quoting Piters
DX 4h...

[Charts yesterday and today...]
yippy~...
  • #107,976
  • Aug 22, 2012 5:58am Aug 22, 2012 5:58am
silver maybe leading the way again. Down about 1% from the highs

xagusd m5

still have e/u and e/a shorts as well
Attached Image (click to enlarge)
Click to Enlarge Name: silver5m-8-22-2012.jpg Size: 202 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #107,977
  • Aug 22, 2012 6:02am Aug 22, 2012 6:02am
Quoting gatorinla
close an h below 2462 and it probably will turn bearish eu.. or a close below 2465, then break 62 and it could also run with a LL 2415 would be indicated. ..in the st..w/o this.. we are on support 2463.. and 2505 is still a target.. and st 2508.. oil still has not hit 99.xx. if we drop w/o hitting 2505 i will look to L 2317 till 22xx posted yesterday. when it looks like it will bounce.
12 m till h close
?
those who can, do. those who cant, talk about those who can
  • #107,978
  • Aug 22, 2012 6:02am Aug 22, 2012 6:02am
Quoting Rag2RichesFX
silver maybe leading the way again. Down about 1% from the highs
hmmm who would of thought..
those who can, do. those who cant, talk about those who can
  • #107,979
  • Aug 22, 2012 6:07am Aug 22, 2012 6:07am
Quoting gatorinla
hmmm who would of thought..
a few of us apparently

and whoever else is short
Be hopeful in a winning position, and fearful in a losing position.
  • #107,980
  • Aug 22, 2012 6:16am Aug 22, 2012 6:16am
?
Attached Image
those who can, do. those who cant, talk about those who can
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