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The Really Useless Thread

  • #112,441
  • Sep 19, 2012 12:06pm Sep 19, 2012 12:06pm
new lows in the crud..
Look Sharp/Trade Tight
  • #112,442
  • Sep 19, 2012 12:08pm Sep 19, 2012 12:08pm
Quoting PayTheLimit
new lows in the crud..
gold turned red too..
those who can, do. those who cant, talk about those who can
  • #112,443
  • Sep 19, 2012 12:09pm Sep 19, 2012 12:09pm
Quoting FibbinArchie
yeah they normally work out better when you can't interfere and fuck them up (in my case anyway)...

yeah i'm okay ken, still not getting the consistency in trading tho', think i'm going to have to go back to work for a while to recapitalise...
Have you tried sticking to the higher time frames? While they can be incredibly frustrating in a small range... like I was whining about the Aussie the last day... There is just something oh so beautiful about closing out 200-300 pipper trades. And in reality, when a trend gets moving, it is moving that direction for 6-7 waves of that time frame. H4... can last half a week to weeks... daily months etc. Set and forget, man. Risk a little bit, then sit back and enjoy the ride when the market is playing nice.
  • #112,444
  • Sep 19, 2012 12:10pm Sep 19, 2012 12:10pm
You on sabatical from work H

Quoting Mr Hatch
Damn, I only got a year left to decide
Disclaimer: Check your 1m charts
  • #112,445
  • Sep 19, 2012 12:10pm Sep 19, 2012 12:10pm
oh no

cme group does this as well

http://www.cmegroup.com/trading/fx/g10/euro-fx.html

EUR/USD mania
  • #112,446
  • Sep 19, 2012 12:10pm Sep 19, 2012 12:10pm
Quoting gatorinla
2902 is not a bad one..

interesting level..
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #112,447
  • Sep 19, 2012 12:11pm Sep 19, 2012 12:11pm
Quoting FibbinArchie
lol, i meant is there any rhyme or reason behind which is the base currency and which is the cross rate in any given pair...
it's based on witchcraft

probably
  • #112,448
  • Sep 19, 2012 12:13pm Sep 19, 2012 12:13pm
Inverse H&S at mo playing out on hourly perhaps
Attached Image
Disclaimer: Check your 1m charts
  • #112,449
  • Sep 19, 2012 12:13pm Sep 19, 2012 12:13pm
Quoting FibbinArchie
yeah they normally work out better when you can't interfere and fuck them up (in my case anyway)...

yeah i'm okay ken, still not getting the consistency in trading tho', think i'm going to have to go back to work for a while to recapitalise...
a job in finance!
  • #112,450
  • Sep 19, 2012 12:15pm Sep 19, 2012 12:15pm
lol... ummm... I guess I missed the BOJ easing notification? So, what is the result of everyone easing? Putting us back to square one?

I'm feeling extremely ripped off that I don't own a money printer. lol
  • #112,451
  • Sep 19, 2012 12:15pm Sep 19, 2012 12:15pm
Quoting Jay Walker
There is a pub I used to frequent that was right across the street from a brokerage firm. There has been numerous times when I have seen stock brokers doing coke while going for a whizz.
Scoundrels!

Think one of those bastards asked me for a "temporary" lend of a Benjie while heading to the loo, too! Was a few years ago, though. If asked now, I'd probably say...uhhhh...toilet paper is compliments of the house.
  • #112,452
  • Sep 19, 2012 12:15pm Sep 19, 2012 12:15pm
Quoting Venice
Have you tried sticking to the higher time frames? While they can be incredibly frustrating in a small range... like I was whining about the Aussie the last day... There is just something oh so beautiful about closing out 200-300 pipper trades. And in reality, when a trend gets moving, it is moving that direction for 6-7 waves of that time frame. H4... can last half a week to weeks... daily months etc. Set and forget, man. Risk a little bit, then sit back and enjoy the ride when the market is playing nice.
loss chasing is my bug bear, if i don't move my stop and don't average then i'm fine, i take the hit and make it back within a trade or two, also trading in the trend direction helps... but if i take a larger loss then my brain just gets scrambled and i make poor judgement decisions, which becomes a viscous circle, it all boils down to discipline at the end of the day...

i do watch h1, h4 and daily, but i use shorter term charts for placing trades...
  • #112,453
  • Sep 19, 2012 12:15pm Sep 19, 2012 12:15pm
2992 was previous weekly 50MA so should give some support

Quoting pipper
50MA @ 2992 approx G
Disclaimer: Check your 1m charts
  • #112,454
  • Sep 19, 2012 12:16pm Sep 19, 2012 12:16pm
Quoting gatorinla
... i think many forgot the daily candle..body mid 3083
close to high or low, whichever is furthest set...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 19 KB
Look Sharp/Trade Tight
  • #112,455
  • Sep 19, 2012 12:17pm Sep 19, 2012 12:17pm
Quoting PayTheLimit
interesting level..
its not my level.. it where pa indicated. as a min.. of course i posted what the bulls wanted also.. but why long below the bull b/o (that never b/o).. w/o a pullback, is my thinking.. especially w/o a b/o, and the bears have a valid live one.
those who can, do. those who cant, talk about those who can
  • #112,456
  • Sep 19, 2012 12:17pm Sep 19, 2012 12:17pm
Quoting chazzle
it's based on witchcraft

probably
probably is knowing them central banker types...
  • #112,457
  • Sep 19, 2012 12:17pm Sep 19, 2012 12:17pm
3059 short just tp 2990 just scalp.. 3078 stop loss
looking for investors . pm me
  • #112,458
  • Sep 19, 2012 12:18pm Sep 19, 2012 12:18pm
Quoting PayTheLimit
close to high or low, whichever is furthest set...
the body of the one to the Right of the doji.
those who can, do. those who cant, talk about those who can
  • #112,459
  • Sep 19, 2012 12:19pm Sep 19, 2012 12:19pm
Quoting darimik
a job in finance!
nar just a 3 month contract will do it, marketing is my field...

don't get me wrong, i'd love to work on a prop desk, but i've sent my cv to every trading firm in london and got little to no response...
  • #112,460
  • Sep 19, 2012 12:20pm Sep 19, 2012 12:20pm
Quoting FibbinArchie
loss chasing is my bug bear, if i don't move my stop and don't average then i'm fine, i take the hit and make it back within a trade or two, also trading in the trend direction helps... but if i take a larger loss then my brain just gets scrambled and i make poor judgement decisions, which becomes a viscous circle, it all boils down to discipline at the end of the day...

i do watch h1, h4 and daily, but i use shorter term charts for placing trades...
Gotcha mate. It sounds like you have the right idea, now just implement it! Gotta remember losses are part of it, kinda helps set the mind right.

On the other side... I have certain rules... like say, if I am entering on the daily... I will not risk more than 40 pips. So price has to come to me to fit my situation to enter the market. If not, i'll be sitting on my hands for a few days. But regardless, my order is going in with a maximum 40 pip stop, and there is no moving it away from the current order, only tighter. Force the market to your game, not the bastards game, is what I say.
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