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The Really Useless Thread

  • #124,161
  • Nov 27, 2012 1:32am Nov 27, 2012 1:32am
Quoting kenfen69
Dreadful carry on altogether! Saw Ally around LO, but not for too long. Think she was wise and called it an early night. Damn smarter sex!
It was a total waste of space.

Smallest annual trading range in 8 years or so....still have to read the report

What is more concerning is the anemic intraday ranges on zero

Tough for intraday trading.....do more for less
" Never let the past hold the future to ransom "
  • #124,162
  • Nov 27, 2012 1:33am Nov 27, 2012 1:33am
Quoting PayTheLimit
I have both, and I think its pretty much the same, silver seems to have better spread on the futures, havent charted them in ages, might take a gander...the AUD has a bigger basis spread (spot-futures) cause of their high rates...
Ah...ok, I see. Only futures I've traded are indices and oil. Just never had the option. Have definitely noticed tighter spreads on the futures, too.

May be picking your brain a little.

Are currency futures any more "centralized," so to speak?
  • #124,163
  • Nov 27, 2012 1:35am Nov 27, 2012 1:35am
Quoting Gleneagles
It was a total waste of space.

Smallest annual trading range in 8 years or so....still have to read the report

What is more concerning is the anemic intraday ranges on zero

Tough for intraday trading.....do more for less
1996!

http://www.zerohedge.com/sites/defau...126_NYSE_0.png

Absolutely awful!
  • #124,164
  • Nov 27, 2012 1:36am Nov 27, 2012 1:36am
Quoting fxjawn
im gonna fund my think or swim acct soon... she has the futures and fx.
its apples to apples mostly, exept that with futures accounts your funds are segregated from the firms, or so they claim...but that dont mean as much as it used to...I'll tell you why I like these fx crooks, cause they give me imense leverage, so I can keep my account as small as possible the majority of the time...
Look Sharp/Trade Tight
  • #124,165
  • Nov 27, 2012 1:38am Nov 27, 2012 1:38am
Quoting kenfen69

Are currency futures any more "centralized," so to speak?

big time, when it trades 6, it trades 6, none of this, it traded 5 here, and 7 over there...
Look Sharp/Trade Tight
  • #124,166
  • Nov 27, 2012 1:38am Nov 27, 2012 1:38am
Quoting kenfen69
Its broke! $6 range yesterday. $3 so far today.

I'd probably sell a quick move from here, but need a dip before buying, I think.

Its about to crack DTEMA...first time in days...hopefully drags EU with it.

I'll probably steer clear of Gold for the first decent move. Just let it wake back up again and see where we are then.
same thoughts i had.. retrace to 1745 would be grand
  • #124,167
  • Nov 27, 2012 1:39am Nov 27, 2012 1:39am
Quoting PayTheLimit
its apples to apples mostly, exept that with futures accounts your funds are segregated from the firms, or so they claim...but that dont mean as much as it used to...I'll tell you why I like these fx crooks, cause they give me imense leverage, so I can keep my account as small as possible the majority of the time...
Its a fine reason to like them! Sure..you'll get some bad fills and blah, blah, blahs, but it beat 10:1 or 20:1. I won't often leverage up like a loon, but the option is nice!
  • #124,168
  • Nov 27, 2012 1:40am Nov 27, 2012 1:40am
First mini momentum hurdle done from Greece but as I mentioned on the Q outlook IMO, US is in full control for this swing with the fiscal cliff mumbojumbo etc. Equities TA wise are done for the year (FA fiscal cliff left) in my books with lots of air in between for a wide range until later next year. ES and DAX references 1440.xx/1400xx and Dax 746x/723x. In Gold yearly highs wide open for a test 1800.xx depending on the US fiscal FA trigger and Oil forming a a very important steel long term support at 84/85 that if confirmed at the end of the year will not be taken back for a very long time (+ couple of years)

The only one left for the end of the year is Dollar that is flirting to enter in trending mode. Watch-out for dollar pairs exploding on extreme (intraday/daily) moves. Euro inches away from a serious attack to the last highs (1.313x) a break is just air until final target (yearly highs). Cable with Carney as a new BOE Governor (uff finally King is out thank god ...it was prolly the worst CB of the decade) to 1.650x for reference and AUD to 1.080x for reference.

Nothing new to see until the fiscal cliff, deficit bla bla. Final push of the year TAwise will come with the monthly roll.

Easy part of the moves done across the board after Greece bailout so adjusting stops accordingly until further data.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #124,169
  • Nov 27, 2012 1:41am Nov 27, 2012 1:41am
sup sisse, how was HK, you go with the girl?
Look Sharp/Trade Tight
  • #124,170
  • Nov 27, 2012 1:42am Nov 27, 2012 1:42am
Quoting fxjawn
same thoughts i had.. retrace to 1745 would be grand
I'm looking more...toe-dip at 1737ish and get real around 1730ish.

Again...I may sit it out until it makes a move. I feel like its a game of a pool and the balls need to be broken before I can tell what I'm shooting for.
  • #124,171
  • Nov 27, 2012 1:44am Nov 27, 2012 1:44am
Quoting Big1red9
Based on current direction....

I run 10 period averages on range. Of course its never going to be exact...but it gives me a bit of a feel....

The weekly Range AVR = 1.3136
The Monthly Range AMR = 1.3175

and the TL is at 1.3096

Might be heading to that trend line... if the pace does not pick up it will be new years before it reaches it.


What a thought!
  • #124,172
  • Nov 27, 2012 1:47am Nov 27, 2012 1:47am
offer some AUD at 0498...pay 0324
Look Sharp/Trade Tight
  • #124,173
  • Nov 27, 2012 1:48am Nov 27, 2012 1:48am
Quoting sisse
Easy part of the moves done across the board after Greece bailout so adjusting stops accordingly until further data.

sisse


Been missing that...again...mate.

Welcome back...hope its nice to be home. No matter where you've been...tough to beat your own bed!
  • #124,174
  • Nov 27, 2012 1:50am Nov 27, 2012 1:50am
Quoting PayTheLimit
offer some AUD at 0498...pay 0324
Fine level for stops around 2012.09.21
  • #124,175
  • Nov 27, 2012 1:53am Nov 27, 2012 1:53am
long aud 498... stop 324
  • #124,176
  • Nov 27, 2012 1:53am Nov 27, 2012 1:53am
Quoting kenfen69
Fine level for stops around 2012.09.21
thats a big 10-4 bro..
Look Sharp/Trade Tight
  • #124,177
  • Nov 27, 2012 1:54am Nov 27, 2012 1:54am
Quoting fxjawn
long aud 498... stop 324

Look Sharp/Trade Tight
  • #124,178
  • Nov 27, 2012 1:55am Nov 27, 2012 1:55am
Quoting PayTheLimit
  • #124,179
  • Nov 27, 2012 1:55am Nov 27, 2012 1:55am
Quoting PayTheLimit
  • #124,180
  • Nov 27, 2012 1:56am Nov 27, 2012 1:56am
Look Sharp/Trade Tight
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