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The Really Useless Thread

  • #110,061
  • Sep 7, 2012 12:02pm Sep 7, 2012 12:02pm
Quoting FibbinArchie
lol, you just love them friday plays...
meh, all days are the same to me and I like this level for higher.

Honestly, still no real setups for my trading style. Aussy could be good on a pullback, but I'm too afraid to touch Euro longs atm.

We'll see what next week brings...
check out my blog: forexmademillionaire dot com
  • #110,062
  • Sep 7, 2012 12:06pm Sep 7, 2012 12:06pm
Quoting julia2011
below what level
i see a lot of levels
More Levels...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-07_EU H1 Multi Levels.png Size: 21 KB
Always looking the GREAT, never left GOOD Point...
  • #110,063
  • Sep 7, 2012 2:02pm Sep 7, 2012 2:02pm
The first Friday of every month is the day for the previous month’s Job data in the US (expect some times when the first is Friday). The 9/7 NFP release for August showed that 96,000 jobs were added in the month, which was down from July’s 141,000 (revised down fro 163,000). The 96K also missed forecasts of 123K. The unemployment rate dropped from 8.3% to 8.1%, though when you break down the numbers, a big factor of this is due to lower participation rate – the 368K that left the workforce. Factory employment was hit the hardest shedding 15,000 jobs. Here is a chart of the NFP in the past year:
http://www.fxtimes.com/wp-content/up...72012_2yrs.gif
Source: Tradingeconomics
This is not dismal, but still poor data that weighs on the US economic recovery. The latest Bernanke speech in Jackson Hole Wyoming focused a lot on the condition of the jobs market, so traders and investors put a lot of weight on this jobs data. With it being under 100K, there is probably elevated expectation of QE3, which is a very obvious reason why the USD is being smacked across the board.
Gold and Silver are rallying sharply. QE3 has that effect on commodities as QE3 is just another way of saying money printing. Cheaper paper money = more expensive things priced in USD – (XAU/USD:gold, XAG/USD:silver). Money is likely also flowing into gold and silver because there is less confidence in the value of fiat money.
Remember that this NFP release is leading up to next week’s FOMC meeting on Thursday (9/13), where we will need to see if indeed the FOMC saw this poor data as a factor to implement QE3 this year.
  • #110,064
  • Sep 7, 2012 2:04pm Sep 7, 2012 2:04pm
Quoting Tsar
More Levels...
salam bro how u been
  • #110,065
  • Sep 7, 2012 2:05pm Sep 7, 2012 2:05pm
Quoting kenfen69
http://www.forexfactory.com/attachme...7&d=1347032441

Ah well...fak it. Tough to complain too hard when the other position has made out like it did...better than nothing. Just closed some on $43+. Will probably close some more fairly sharpish, and debate keeping a 0.1 lot running.
Closed some more on $45 and left the aforementioned 0.1 running...

Attached Image (click to enlarge)
Click to Enlarge Name: 1D.PNG Size: 44 KB


Not so sure I should have closed what I did just now...northern charge is looking fairly healthy. Clear the "obvious" 1750 and 1760ish will be on deck. If that goes...1800 should get a kiss...or a failed attempt at it at least. Anyway...

Fak it...pips in the bank are the ones you never give back.
  • #110,066
  • Sep 7, 2012 2:11pm Sep 7, 2012 2:11pm
Quoting kenfen69
Closed some more on $45 and left the aforementioned 0.1 running...

Attachment

Not so sure I should have closed what I did just now...northern charge is looking fairly healthy. Clear the "obvious" 1750 and 1760ish will be on deck. If that goes...1800 should get a kiss...or a failed attempt at it at least. Anyway...

Fak it...pips in the bank are the ones you never give back.
cash in then reload most of the time we do retrace


i did close all and in the way up and now easten the dam thing
  • #110,067
  • Sep 7, 2012 2:13pm Sep 7, 2012 2:13pm
Quoting kenfen69
Closed some more on $45 and left the aforementioned 0.1 running...
And for when fxjawn comes along to bust my balls asking for "proof"...

Attached Image (click to enlarge)
Click to Enlarge Name: 1D2.PNG Size: 7 KB


That's all I got.

I'll save my...blow me fuck-face...until such event occurs, though.

(sorry...its Friday...I've had a beer. Maybe two. OK...a few. )

  • #110,068
  • Sep 7, 2012 2:15pm Sep 7, 2012 2:15pm
Quoting kill56
cash in then reload most of the time we do retrace


i did close all and in the way up and now easten the dam thing
No matter how much hashoo you get through...always a wise man!

  • #110,069
  • Sep 7, 2012 2:30pm Sep 7, 2012 2:30pm
Quoting Geppy
meh, all days are the same to me and I like this level for higher.

Honestly, still no real setups for my trading style. Aussy could be good on a pullback, but I'm too afraid to touch Euro longs atm.

We'll see what next week brings...
lol yeah i see what you're saying, euro is kinda in that needs a serious retrace type area...
  • #110,070
  • Sep 7, 2012 2:32pm Sep 7, 2012 2:32pm
lets see if this shitt works

i think QE will come after the election might be wrong ,

lets see the equities close
Attached Image (click to enlarge)
Click to Enlarge Name: 4h gold.gif Size: 23 KB
  • #110,071
  • Sep 7, 2012 2:33pm Sep 7, 2012 2:33pm
Quoting kenfen69


He's on TV?

Attachment



sup ken, i think i just pissed james off, got him to play moh, but forgot to tell him how much of a clusterfuck it can be if you're not used to it....
  • #110,072
  • Sep 7, 2012 2:33pm Sep 7, 2012 2:33pm
Quoting kill56
lets see if this shitt works

i think QE will come after the election might be wrong ,

lets see the equities close
SPORE CREATURES!!
  • #110,073
  • Sep 7, 2012 2:35pm Sep 7, 2012 2:35pm
well i wanted a pull back to 277x for a long entry to retest the high, but it never came to my level so done and done for the week...
  • #110,074
  • Sep 7, 2012 2:39pm Sep 7, 2012 2:39pm
Quoting FibbinArchie


sup ken, i think i just pissed james off, got him to play moh, but forgot to tell him how much of a clusterfuck it can be if you're not used to it....


Arches!!! Still loving seeing your good self about!

I'd challenge you to MOH, but I HATE having me arse handed to me! I'd be strung up like piggie on the press of the power button!

Hope you're well, mate!

Hey...have you watched Savages? Oliver Stone. Pretty good flick! Benicio del Torro and Salma Hayek deliver stand-out performances.
  • #110,075
  • Sep 7, 2012 2:41pm Sep 7, 2012 2:41pm
weekly and daily shiny
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1dgold.gif Size: 44 KB
Click to Enlarge Name: 1wgold.gif Size: 39 KB
  • #110,076
  • Sep 7, 2012 2:44pm Sep 7, 2012 2:44pm
Quoting kill56
weekly and daily shiny
Inneresting!

Wonder if the S&P and APPL looked like that anytime recently?
  • #110,077
  • Sep 7, 2012 2:45pm Sep 7, 2012 2:45pm
Quoting FibbinArchie
well i wanted a pull back to 277x for a long entry to retest the high, but it never came to my level so done and done for the week...

are u going next door for the weekend


ken
  • #110,078
  • Sep 7, 2012 2:46pm Sep 7, 2012 2:46pm
Quoting kenfen69


Arches!!! Still loving seeing your good self about!

I'd challenge you to MOH, but I HATE having me arse handed to me! I'd be strung up like piggie on the press of the power button!

Hope you're well, mate!

Hey...have you watched Savages? Oliver Stone. Pretty good flick! Benicio del Torro and Salma Hayek deliver stand-out performances.
not three bad thanks ken, been an okay week, equity curve is headed in the right direction (knock on wood), slow and steady... how've you been keeping?

savages, is it out on dvd yet?
  • #110,079
  • Sep 7, 2012 2:48pm Sep 7, 2012 2:48pm
Quoting kill56
are u going next door for the weekend


ken
what's next door kill?
  • #110,080
  • Sep 7, 2012 2:50pm Sep 7, 2012 2:50pm
Quoting kenfen69
Inneresting!

Wonder if the S&P and APPL looked like that anytime recently?

yop daily on appl and W & M on es
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