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The Really Useless Thread

  • #108,201
  • Aug 23, 2012 12:47pm Aug 23, 2012 12:47pm
Quoting Rag2RichesFX
EA is relentless.. took a loss of 30 pips on the other EA but trying again here at 1.2026
E/A by far the best surprise pair of the summer (if not of the year). Clean moves without noise and with measurable momentum. A perfect case for TA textbooks...

The moves are so pure that is barely margin to correct a mistake if you are on the wrong side....

In my case, I keep saying that I should trade E/A but I always avoid it at the end, don't know why but Ken and some you guys keep posting very clean charts on that pair...

GL with the shorts....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,202
  • Aug 23, 2012 12:56pm Aug 23, 2012 12:56pm
Quoting sisse
E/A by far the best surprise pair of the summer (if not of the year). Clean moves without noise and with measurable momentum. A perfect case for TA textbooks...

The moves are so pure that is barely margin to correct a mistake if you are on the wrong side....

In my case, I keep saying that I should trade E/A but I always avoid it at the end, don't know why but Ken and some you guys keep posting very clean charts on that pair...

GL with the shorts....

sisse

its a good pair to trade to hedge risk. when i trade half e/u and half e/a, i usually get one of the trades right, so its break even at worst most of the time. trading a major and a cross at the same time is something i recommend trying out to minimize risk. also with EA i can figure out how to maximize my dollar trades, by either trading E/U or A/U by determining which one will move more that day.

and yeah the moves have very few baby retracements intrday unlike E/U which has many

thanks, hope i dont get burned again but im shorting off a weekly EMA so hopefully this means something. should probably wait for reversal candles im just too impatient sometimes
Be hopeful in a winning position, and fearful in a losing position.
  • #108,203
  • Aug 23, 2012 1:04pm Aug 23, 2012 1:04pm
Quoting chazzle
what goes up ...

---- ---- ----





(after margin call)
ain't that the truth, especially the margin call part
Be hopeful in a winning position, and fearful in a losing position.
  • #108,204
  • Aug 23, 2012 1:06pm Aug 23, 2012 1:06pm
Quoting Rag2RichesFX
its a good pair to trade to hedge risk. when i trade half e/u and half e/a, i usually get one of the trades right, so its break even at worst most of the time. trading a major and a cross at the same time is something i recommend trying out to minimize risk
Well I wouldn't hedge E/U with E/A for obvious reasons (they are heavily and proportionally correlated and the majority of the time only the euro side has full control over the cross).

....but yeap agree with "i usually get one of the trades right" that's what I meant before ...e/a has been so clean that all TA targets and moves are clean and get hit while in the e/u (and especially the last 2 months) it takes a few H4 moves chopping up and down to complete exactly the same move...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,205
  • Edited 1:28pm Aug 23, 2012 1:17pm | Edited 1:28pm
Quoting sisse
Well I wouldn't hedge E/U with E/A for obvious reasons (they are heavily and proportionally correlated and the majority of the time only the euro side has full control over the cross).

....but yeap agree with "i usually get one of the trades right" that's what I meant before ...e/a has been so clean that all TA targets and moves are clean and get hit while in the e/u (and especially the last 2 months) it takes a few H4 moves chopping up and down to complete exactly the same move...

sisse
good observation, maybe has something to do with the spread? dont know but my spread is actually very good on EA i know most have at least 3 pips

the optimal short is @ 1.2130. With the short squeeze like nature of EA right now, i'm basically gambling, but i do have 8 week highs EMA on my side @ 1.2025

tomorrow is friday maybe we get profit taking into weekend (dollar goes up, eu down, au idk stagnant or falls less than euro.. and EA goes down)
Be hopeful in a winning position, and fearful in a losing position.
  • #108,206
  • Aug 23, 2012 2:03pm Aug 23, 2012 2:03pm
Quoting Rag2RichesFX
its a good pair to trade to hedge risk. when i trade half e/u and half e/a, i usually get one of the trades right, so its break even at worst most of the time. trading a major and a cross at the same time is something i recommend trying out to minimize risk. also with EA i can figure out how to maximize my dollar trades, by either trading E/U or A/U by determining which one will move more that day.

and yeah the moves have very few baby retracements intrday unlike E/U which has many

thanks, hope i dont get burned again but im shorting off a...
One reason to consider trading E/A via the USD triangle legs is that the AUD, as a "commodity" currency, is impacted by many things internationally denominated in USD. On the other leg, EUR is impacted by ... well, fiat fantasies and jawboning.

Just sayin'...
  • #108,207
  • Aug 23, 2012 2:20pm Aug 23, 2012 2:20pm
Quoting OldQuant
One reason to consider trading E/A via the USD triangle legs is that the AUD, as a "commodity" currency, is impacted by many things internationally denominated in USD. On the other leg, EUR is impacted by ... well, fiat fantasies and jawboning.

Just sayin'...
lol ... it's always a pleasure to read you post. Nice to see you back...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,208
  • Aug 23, 2012 2:55pm Aug 23, 2012 2:55pm
doesn't remotely feel like a top, looking at possibly reloading longs...

Inserted Video


chaz, you'll appreciate this, the original burberry boy chav track...
  • #108,209
  • Aug 23, 2012 2:58pm Aug 23, 2012 2:58pm
Quoting sisse
it's always a pleasure to read you post.
For me: likewise. It feels good to be back.
  • #108,210
  • Aug 23, 2012 3:17pm Aug 23, 2012 3:17pm
He wanders the earth less a committed direction. The smell of the morning dew makes the nostrils flare as it glistens; as if to almost dance. The warmth of the sun heating the exposed surface of the skin. If only a single memory could lead him to how he arrived at such a destination -- sans clothing. Perhaps... he thought to himself... nude is not so bad.
  • #108,211
  • Aug 23, 2012 3:18pm Aug 23, 2012 3:18pm
Quoting FibbinArchie
doesn't remotely feel like a top, looking at possibly reloading longs...

http://www.youtube.com/watch?v=AZ-27rdwJPs

chaz, you'll appreciate this, the original burberry boy chav track...
wass dat , Arch? --

wiv you in a minute bruv
Attached Image
  • #108,212
  • Aug 23, 2012 3:21pm Aug 23, 2012 3:21pm
Quoting FibbinArchie
doesn't remotely feel like a top, looking at possibly reloading longs...
D1 says might need a run-up

stress the word "might"
Attached Image (click to enlarge)
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  • #108,213
  • Aug 23, 2012 3:22pm Aug 23, 2012 3:22pm
Quoting chazzle
wass dat , Arch? --

wiv you in a minute bruv
does you get me tho' innit...

Inserted Video
  • #108,214
  • Aug 23, 2012 3:25pm Aug 23, 2012 3:25pm
Quoting chazzle
D1 says might need a run-up

stress the word "might"
yeah, all ifs, buts and probabilities...

probably won't touch it now till london reopens...
  • #108,215
  • Aug 23, 2012 3:31pm Aug 23, 2012 3:31pm
Quoting FibbinArchie
yeah, all ifs, buts and probabilities...

probably won't touch it now till london reopens...
cool , I have an Aussie CB to crap all over my EA trade at 00:30 - way past my bedtime

if I give you my log-in , could you manage the trade for me bro?
  • #108,216
  • Aug 23, 2012 3:33pm Aug 23, 2012 3:33pm
Quoting chazzle
cool , I have an Aussie CB to crap all over my EA trade at 00:30 - way past my bedtime

if I give you my log-in , could you manage the trade for me bro?
would do, but in dire need of sleep myself...
  • #108,217
  • Aug 23, 2012 3:36pm Aug 23, 2012 3:36pm
Quoting FibbinArchie
dire
indeed ...



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  • #108,218
  • Aug 23, 2012 3:41pm Aug 23, 2012 3:41pm
same old shit driving the markets then...

QE or not QE? that is the question...

Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles, And by opposing end them?
  • #108,219
  • Aug 23, 2012 3:52pm Aug 23, 2012 3:52pm
Quoting FibbinArchie
QE or not QE? that is the question...
That's not a question. And I'm channeling Mr. Market here:

Unless there's QE in Quantity, and pretty soon:

Inserted Video
  • #108,220
  • Aug 23, 2012 3:56pm Aug 23, 2012 3:56pm
Quoting OldQuant
That's not a question. And I'm channeling Mr. Market here:

Unless there's QE in Quantity, and pretty soon:

http://www.youtube.com/watch?v=O3ZOKDmorj0
didn't they say that last year?
Inserted Video
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