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The Really Useless Thread

  • #122,461
  • Nov 15, 2012 2:21am Nov 15, 2012 2:21am
confession:

good morning, I'm so glad my EU shorts are old and from much higher levels, because I'm sure this USDOLLAR movement in relation to EU would have killed me massively otherwise, looking @ UJ keep thinking Japan is the cause of this

USDOLLAR D1:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #122,462
  • Nov 15, 2012 2:24am Nov 15, 2012 2:24am
Mornin...

yet another exciting trading day starting with clear trends and big trading ranges

i love forex
" Never let the past hold the future to ransom "
  • #122,463
  • Nov 15, 2012 2:41am Nov 15, 2012 2:41am
morning...
Look Sharp/Trade Tight
  • #122,464
  • Nov 15, 2012 2:46am Nov 15, 2012 2:46am
I look to buy at 2645, and sell at 2829...
Look Sharp/Trade Tight
  • #122,465
  • Nov 15, 2012 2:48am Nov 15, 2012 2:48am
Have you considered finding a price point earlier on...
and note the price such as 1.1234 and if it hits it your out...
price goes to 1.2345 and you re-enter when its on the way back down

at the same price you exited?

It would have to be clear to you something changed or.... it could whip back around... but you could always look to re-enter on a pullback of some sort. Depends how much stress the intra-trade DD causes.

Just a thought

Quoting USD-Bear
confession:

good morning, I'm so glad my EU shorts are old and from much higher levels, because I'm sure this USDOLLAR movement in relation to EU would have killed me massively otherwise, looking @ UJ keep thinking Japan is the cause of this

USDOLLAR D1:
Attachment
  • #122,466
  • Nov 15, 2012 2:52am Nov 15, 2012 2:52am
Quoting Gleneagles
Mornin...

yet another exciting trading day starting with clear trends and big trading ranges

i love forex
howdy

check out what i got from my broker yesterday afternoon:


With the recent lack of volatility in the FX market, we thought we’d throw a little excitement to our loyal clients like you – who are logged into MT4 and diligently searching for trading opportunities. We’re going to cut the EUR/JPY spread in half today Wednesday, November 14th at 21:00 GMT until Friday, November 16th at 21:00 GMT (market close).

Please share this with your friends & networks. We want you to be the hero to your friends by introducing them to these types of special promos.
We hope this helps you find some trading opportunities that work!
Happy Trading,
IBFX Team
  • #122,467
  • Nov 15, 2012 2:54am Nov 15, 2012 2:54am
Quoting PayTheLimit
I look to buy at 2645, and sell at 2829...
I look to buy and sell every time I see 2740 , TP 5-10 pips

The way price bounce up/down that level , it looks like easy money to me
" Never let the past hold the future to ransom "
  • #122,468
  • Nov 15, 2012 2:57am Nov 15, 2012 2:57am
Quoting AllyB
howdy

check out what i got from my broker yesterday afternoon:


With the recent lack of volatility in the FX market, we thought we’d throw a little excitement to our loyal clients like you – who are logged into MT4 and diligently searching for trading opportunities. We’re going to cut the EUR/JPY spread in half today Wednesday, November 14th at 21:00 GMT until Friday, November 16th at 21:00 GMT (market close).

Please share this with your friends & networks. We want you to be the hero to your friends by introducing them to these types of special...
..
Attached Image
Look Sharp/Trade Tight
  • #122,469
  • Nov 15, 2012 2:57am Nov 15, 2012 2:57am
Quoting AllyB
howdy

check out what i got from my broker yesterday afternoon:


With the recent lack of volatility in the FX market, we thought we’d throw a little excitement to our loyal clients like you – who are logged into MT4 and diligently searching for trading opportunities. We’re going to cut the EUR/JPY spread in half today Wednesday, November 14th at 21:00 GMT until Friday, November 16th at 21:00 GMT (market close).

Please share this with your friends & networks. We want you to be the hero to your friends by introducing them to these types...
Trading volumes must be taking a huge knock and the barstarts are obviously feeling it.

Trading opportunities within a small daily trading range are just not there if you daytrade ...like most..(speculating)
" Never let the past hold the future to ransom "
  • #122,470
  • Nov 15, 2012 2:58am Nov 15, 2012 2:58am
Quoting Gleneagles
I look to buy and sell every time I see 2740 , TP 5-10 pips

The way price bounce up/down that level , it looks like easy money to me
lol, I like it...
Look Sharp/Trade Tight
  • #122,471
  • Nov 15, 2012 2:59am Nov 15, 2012 2:59am
There was quite a battle at 2749/50...it seems it may cracked the lid.

Quoting Gleneagles
I look to buy and sell every time I see 2740 , TP 5-10 pips

The way price bounce up/down that level , it looks like easy money to me
  • #122,472
  • Nov 15, 2012 3:01am Nov 15, 2012 3:01am
Quoting Big1red9
Have you considered finding a price point earlier on...
and note the price such as 1.1234 and if it hits it your out...
price goes to 1.2345 and you re-enter when its on the way back down

at the same price you exited?

It would have to be clear to you something changed or.... it could whip back around... but you could always look to re-enter on a pullback of some sort. Depends how much stress the intra-trade DD causes.

Just a thought
Hi Big1,
don't understand what you are saying, missing your point completely, holding shorts from 1.3070 targeting 1.24+ based on my USDOLLAR-view....
Don't be a hero. Don't have an ego. Always question yourself
  • #122,473
  • Nov 15, 2012 3:06am Nov 15, 2012 3:06am
Quoting PayTheLimit
..
gonna load up my cart
  • #122,474
  • Nov 15, 2012 3:07am Nov 15, 2012 3:07am
Quoting Big1red9
There was quite a battle at 2749/50...it seems it may cracked the lid.
Zero trading inside 2 beats

Top level is also previous high (exclude FOMC spike)
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" Never let the past hold the future to ransom "
  • #122,475
  • Nov 15, 2012 3:11am Nov 15, 2012 3:11am
5 day ADR at 68 pips at present

We have not seen such small , crappy ranges in a long time.
" Never let the past hold the future to ransom "
  • #122,476
  • Nov 15, 2012 3:12am Nov 15, 2012 3:12am
Rather than have the market come against you.. close the position. Re-enter later the same qty at the same price once it comes back.

Using today as an example I bought at 1.2725...assuming you had the same feelings... you would have closed your short at 1.2725... booked the profit and waited to re-enter the short. #1 at a higher price or after the correction was over.... at 1.2725... the price you closed it at. Net $ impact zero to +++$



Quoting USD-Bear
Hi Big1,
don't understand what you are saying, missing your point completely, holding shorts from 1.3070 targeting 1.24+ based on my USDOLLAR-view....
  • #122,477
  • Nov 15, 2012 3:15am Nov 15, 2012 3:15am
In response to....

"confession:

good morning, I'm so glad my EU shorts are old and from much higher levels, because I'm sure this USDOLLAR movement in relation to EU would have killed me massively otherwise, looking @ UJ keep thinking Japan is the cause of this"




Quoting Big1red9
Rather than have the market come against you.. close the position. Re-enter later the same qty at the same price once it comes back.

Using today as an example I bought at 1.2725...assuming you had the same feelings... you would have closed your short at 1.2725... booked the profit and waited to re-enter the short. #1 at a higher price or after the correction was over.... at 1.2725... the price you closed it at. Net $ impact zero to +++$
  • #122,478
  • Nov 15, 2012 3:21am Nov 15, 2012 3:21am
Going out to buy 5L Dulux Acrylic PVA Brilliant White and a few brushes ;
" Never let the past hold the future to ransom "
  • #122,479
  • Nov 15, 2012 3:29am Nov 15, 2012 3:29am
Quoting Gleneagles
Going out to buy 5L Dulux Acrylic PVA Brilliant White and a few brushes ;
now what are you going to do with that????
  • #122,480
  • Nov 15, 2012 3:41am Nov 15, 2012 3:41am
Good morning.
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