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The Really Useless Thread

  • #108,981
  • Aug 29, 2012 9:38am Aug 29, 2012 9:38am
Quoting FibbinArchie
now was that a genuine impulse move, or just a dip to contest that 2525?

taking a break, bbl...
Contest... imo. We have some levels below that need retested. I'm right at least 50% of the time. LOL
  • #108,982
  • Aug 29, 2012 9:38am Aug 29, 2012 9:38am
Quoting Venice
Nice! Love me some proper risk management!
GY and GU are breaking up bro.. I cant post charts now.. but will post when Iam back at my trade station with NYSE close.. today...
  • #108,983
  • Aug 29, 2012 9:40am Aug 29, 2012 9:40am
Quoting Piters
GY and GU are breaking up bro.. I cant post charts now.. but will post when Iam back at my trade station with NYSE close.. today...
Yep mate. Watching them. My opportunity to buy has passed, so sidelined for now with these. I have never slung those before, so I may give a counter a go up into the next supply.
  • #108,984
  • Aug 29, 2012 9:41am Aug 29, 2012 9:41am
Quoting Gleneagles
Pulling the plug for the day....

Should have extended the lunch

+12 +11 +12 -7 +12
well you have done better than i have.

too early to tap the keg so i may watch for another hour max and i may not.
  • #108,985
  • Aug 29, 2012 9:41am Aug 29, 2012 9:41am
Quoting kill56
hey bro its a mess nothing befor the german court , what u think will draghii do it befor
Draghi is playing the jerk game. He launched a nuclear comment for a CBanker but went in silence after (lots of under the table flows going on).

I think it will payback good as is the 1st time he is playing the card but what the ECB deliver must be massive. Massive I mean firepower big enough to put an end on the monetary/bond side of the EZ crisis....and after that nobody will mess with the ECB ever again...

....is the typical street/jail attitude: show a lot of strength and muscle the 1st time, get in a nasty fight with excessive power and screw some "big bastard" ...if it goes good nobody will mess with you again...if it flops you will be in deep problems and you are going to pay back big time...

Quoting Piters
stopped on first one for -23p, bought lower..
Is that twitter? ..... I think I am going to start to twitting, looks easier and funnier than posting updates in FF...lol ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,986
  • Aug 29, 2012 9:42am Aug 29, 2012 9:42am
Quoting Venice
Aussie H4... formed a HH and HL, though small. Anyone wager a bit of long play from a little bit lower?? 1.0364'ish?

Ehh why not... BUY. Risk is pink, targets are gold, i'll fill the sink, and grow some mold!!!


(this is why I am not a poet). LOL
  • #108,987
  • Aug 29, 2012 9:43am Aug 29, 2012 9:43am
Quoting Venice
Ehh why not... BUY. Risk is pink, targets are gold, i'll fill the sink, and grow some mold!!!


(this is why I am not a poet). LOL
i was gonna say "don't quit your day job"
  • #108,988
  • Aug 29, 2012 9:47am Aug 29, 2012 9:47am
gold h4
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  • #108,989
  • Aug 29, 2012 9:47am Aug 29, 2012 9:47am
Quoting sisse


Is that twitter? ..... I think I am going to start to twitting, looks easier and funnier than posting updates in FF...lol ...

sisse
yes mate.. easy to manage.. that is one of my accounts linked to myFXbook[.]com and tweets every single position.. calculate profit in pips.. ect..

but what is interesting I am using tweetdesk application for chroma, subscribed to really good number of contributors, and you can have as many feeds from facebook, few tweet accounts, ect.. really handy for rumors and traders around the globe.. l
  • #108,990
  • Aug 29, 2012 9:50am Aug 29, 2012 9:50am
Quoting Venice
Yep mate. Watching them. My opportunity to buy has passed, so sidelined for now with these. I have never slung those before, so I may give a counter a go up into the next supply.
specialy GY on 4H.. inverse H&S, broke the first time, then tested the breakout at 123.7 and her e we go..
  • #108,991
  • Aug 29, 2012 9:57am Aug 29, 2012 9:57am
Quoting AllyB
well you have done better than i have.

too early to tap the keg so i may watch for another hour max and i may not.

it is just one of those days when every trade "feels" wrong

move your watch forward 5 hours , it solves the problem

catch up tomorrow......
" Never let the past hold the future to ransom "
  • #108,992
  • Aug 29, 2012 9:58am Aug 29, 2012 9:58am
From an interview with Herr Weidmann.

When the central banks of the euro zone purchase the sovereign bonds of individual countries, these bonds end up on the Eurosystem's balance sheet. Ultimately the taxpayers of all other countries have to take responsibility for this. In democracies, it's the parliaments that should decide on such a far-reaching collectivization of risks, and not the central banks. Europe is proud of its democratic principles; they characterize European identity. That's something else that we should bear in mind.

A lot of all of this, at the end of the day, is not about QE or monetary policy or sustainable growth.

Rather, it's the question of whether the world's democracies will be allowed to be hijacked by the oligopolies.
  • #108,993
  • Aug 29, 2012 10:28am Aug 29, 2012 10:28am
Quoting OldQuant
From an interview with Herr Weidmann.

[size="1"]When the central banks of the euro zone purchase the sovereign bonds of individual countries, these bonds end up on the Eurosystem's balance sheet. Ultimately the taxpayers of all other countries have to take responsibility for this. In democracies, it's the parliaments that should decide on such a far-reaching collectivization of risks, and not the central banks. Europe...
Well you cannot have your cake and eat it too. Either they put the money where their mouth is or else....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,994
  • Aug 29, 2012 11:38am Aug 29, 2012 11:38am
Quoting chazzle
put the 2nd half back on at retest of today's swing mid
closed both early london for profit - this is weird , because the chart shows i closed one at -4 and re-opened which i didn't do. Re-entered short at 79.62

Quoting chazzle
pending short triggered 12090
added , out for practically practically b/e - this one freaked me , with the fast rise so flattened it - although had 070 as a tp in mind - and it very nearly got there - i was happy with the AUD but not so sure with Euro

Quoting chazzle
buying some AUD
closed pre-NY on what turns out to be a spike - thought I was closing too early as usually seems to be the case , but worked out ok this time

reason for close - just taking profit while it was there
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  • #108,995
  • Aug 29, 2012 12:04pm Aug 29, 2012 12:04pm
Nice Piters. Must take another look. setup a twitter account ages ago but never got around to explore it. Just logged in and followed the Goldfinger

Quoting Piters
yes mate.. easy to manage.. that is one of my accounts linked to myFXbook[.]com and tweets every single position.. calculate profit in pips.. ect..

but what is interesting I am using tweetdesk application for chroma, subscribed to really good number of contributors, and you can have as many feeds from facebook, few tweet accounts, ect.. really handy for rumors and traders around the globe.. l
Disclaimer: Check your 1m charts
  • #108,996
  • Aug 29, 2012 12:05pm Aug 29, 2012 12:05pm
Today's range chopped up into quarters with a couple of h close levels - would consider short scalp at the higher one ( 540 ) back to 1/4 level at 515
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  • #108,997
  • Aug 29, 2012 12:27pm Aug 29, 2012 12:27pm
Quoting pipper
Nice Piters. Must take another look. setup a twitter account ages ago but never got around to explore it. Just logged in and followed the Goldfinger
Inserted Video


check who i follow, you might find some decent tweeters there...
http://twitter.com/#!/Fibbin_Archie

Inserted Video
  • #108,998
  • Edited 12:57pm Aug 29, 2012 12:45pm | Edited 12:57pm
Why This Month’s Beige Book Report is Important...


As we count down the days to Bernanke’s annual testimony in Jackson Hole, the U.S. dollar has traded quietly higher against most of the major currencies. The price action of the greenback over the past 24 hours suggests that investors are paring their short dollar positions ahead of this week’s most important event risk. When the FOMC minutes were released last Wednesday, investors readjusted their QE3 expectations by selling the U.S. dollar aggressively against all major currencies. Since then, this reaction has abated as investors realize that they could be expecting too much from Bernanke. There is a good chance that Bernanke will let the market down come Friday by creating more confusion than clarity. For this reason, we may get far more insight into future Fed policy from this Wednesday’s Beige Book report than the Jackson Hole Summit.


The Beige Book report provides the Federal Reserve with an updated assessment of how conditions are “on the ground” in each of the 12 Fed districts. It is an important report that should never be overlooked because it carries a lot of weight with the Federal Reserve and has significant predictive capabilities for GDP according to a number of studies. This in-depth analysis of the economy comes at an important crossroads in Fed policy. We know that job growth and consumer spending improved in the month of July but what we don’t know is how broad-based the improvement has been and whether it has continued into the month of August. The Beige Book report should provide us with some answers and depending on the level of clarity, a reaction in the U.S. dollar.


source: http://www.bkassetmanagement.com
  • #108,999
  • Aug 29, 2012 12:58pm Aug 29, 2012 12:58pm
Quoting chazzle
Today's range chopped up into quarters with a couple of h close levels - would consider short scalp at the higher one ( 540 ) back to 1/4 level at 515
got 7 - closing before news - actually had a p/o at slight o/shoot - would have hit , but thought i was getting too cute , so got in before
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  • #109,000
  • Aug 29, 2012 1:02pm Aug 29, 2012 1:02pm
overall gradual economic growth, may translate as weakening the case for qe and we may subsequently see dollar shorts getting trimmed as a result, although mr market hasn't budged so far...
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