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The Really Useless Thread

  • #129,261
  • Jan 23, 2013 4:53am Jan 23, 2013 4:53am
Quoting FibbinArchie
halo senior, please to be teach me to trade for the big bucks...

at the moment, my trading seems to be like trying to fill a bath with a dripping tap...

go for a smaller bath at first

it has been more than 12 months since i hit +100 for the day trading dustbins

trading ranges on EU during 2012 were around 50% of the ranges we saw 3-4 years ago

30-40 pips/day now is a really a good result

in the past 60 pips/day was about average
" Never let the past hold the future to ransom "
  • #129,262
  • Jan 23, 2013 4:53am Jan 23, 2013 4:53am
decision time, continuation or reversal to take us into the ny open...
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  • #129,263
  • Jan 23, 2013 4:55am Jan 23, 2013 4:55am
Quoting FibbinArchie

at the moment, my trading seems to be like trying to fill a bath with a dripping tap...
walk away and come back , that mofo will be overflowing before you know it
  • #129,264
  • Jan 23, 2013 4:56am Jan 23, 2013 4:56am
Quoting Gleneagles
go for a smaller bath at first

it has been more than 12 months since i hit +100 for the day trading dustbins

trading ranges on EU during 2012 were around 50% of the ranges we saw 3-4 years ago

30-40 pips/day now is a really result

in the past 60 pips/day was about average
agree on that glen, 2012 seems to have been tight ranges all year with just the occasional trend move, 2010 was good with all the qe getting priced in, nice trend throughout most of the year...
  • #129,265
  • Jan 23, 2013 4:56am Jan 23, 2013 4:56am
5:00 AM More on BOE minutes: Recent developments strengthened the view amongst some members that no more QE is necessary - although it could have "considerable scope" to lower debt yields, the impact on demand remains uncertain. The MPC finds it hard to see underlying growth in the U.K., while sterling’s real exchange level may be higher than necessary to re-balance the economy.
  • #129,266
  • Jan 23, 2013 4:57am Jan 23, 2013 4:57am
Quoting chazzle
walk away and come back , that mofo will be overflowing before you know it
yeah patience is so important, it's when you start trying to hit the home runs that you come unstuck, all in good time, etc. etc...
  • #129,267
  • Jan 23, 2013 4:59am Jan 23, 2013 4:59am
Quoting FibbinArchie
what's fixed income? you mean a regular wage?

cool, nice place to work, i used to do a lot of static car displays up there, so i know it pretty well... i take it that you're at one of the banks...
fixed income.. the whole bond market. cash management.
  • #129,268
  • Jan 23, 2013 4:59am Jan 23, 2013 4:59am
Quoting FibbinArchie
decision time, continuation or reversal to take us into the ny open...
time left to bar end on that screen shot...

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  • #129,269
  • Jan 23, 2013 5:00am Jan 23, 2013 5:00am
Quoting FibbinArchie
what's fixed income? you mean a regular wage?

cool, nice place to work, i used to do a lot of static car displays up there, so i know it pretty well... i take it that you're at one of the banks...
I live close by as well.
  • #129,270
  • Jan 23, 2013 5:01am Jan 23, 2013 5:01am
Quoting darimik
fixed income.. the whole bond market. cash management.
tell me more... so the big swinging dicks in the markets base their flows around low risk, fixed yield investments, is that what you're saying? kinda figures...
  • #129,271
  • Jan 23, 2013 5:02am Jan 23, 2013 5:02am
Quoting gatorinla
high seas candle, in a range. we went up already..
that close before the last h suggest higher today. and maybe some support at 3323 area
those who can, do. those who cant, talk about those who can
  • #129,272
  • Jan 23, 2013 5:08am Jan 23, 2013 5:08am
Quoting gatorinla
that close before the last h suggest higher today. and maybe some support at 3323 area
agree, but still in the late london am twilight zone, had 23 as my scalp target, but got out as it took a long time to reject from 334x area...

although usually if you've played for a continuation on the retrace by now, it usually doesn't allow you back out again before ny (if you've misread the move that is), so would have to favour more upside from here, opinion only, cld be wrong, let's see...
  • #129,273
  • Jan 23, 2013 5:12am Jan 23, 2013 5:12am
Quoting Gleneagles
go for a smaller bath at first

it has been more than 12 months since i hit +100 for the day trading dustbins

trading ranges on EU during 2012 were around 50% of the ranges we saw 3-4 years ago

30-40 pips/day now is a really a good result

in the past 60 pips/day was about average
looks like your buying
  • #129,274
  • Jan 23, 2013 5:17am Jan 23, 2013 5:17am
Quoting FibbinArchie
agree, but still in the late london am twilight zone, had 23 as my scalp target, but got out as it took a long time to reject from 334x area...
going back to the previous comment, i should have only generalized that the interest rates alone is the most important thing. all entities have different approaches to speculation or hedging, based on knowledge in the specific markets or specific needs. however time value of money is everything..
  • #129,275
  • Jan 23, 2013 5:23am Jan 23, 2013 5:23am
Quoting darimik
going back to the previous comment, i should have only generalized that the interest rates alone is the most important thing. all entities have different approaches to speculation or hedging, based on knowledge in the specific markets or specific needs. however time value of money is everything..
yeah obviously i was generalising, running out of time, so will have to pick this up with you later, although an interesting topic...

btw can you say who you're working for?

ps. do you mean solely in terms of the carry trade?
  • #129,276
  • Jan 23, 2013 5:25am Jan 23, 2013 5:25am
Quoting gatorinla
that close before the last h suggest higher today. and maybe some support at 3323 area
if correct, 3374 is in lying st pa's cross hairs (but may want 3307 first....3299 is a support today ). and atr is about 3382
those who can, do. those who cant, talk about those who can
  • #129,277
  • Jan 23, 2013 5:29am Jan 23, 2013 5:29am
Quoting FibbinArchie
agree, but still in the late london am twilight zone, had 23 as my scalp target, but got out as it took a long time to reject from 334x area...

although usually if you've played for a continuation on the retrace by now, it usually doesn't allow you back out again before ny (if you've misread the move that is), so would have to favour more upside from here, opinion only, cld be wrong, let's see...
most times true.
that 3341 is a mid pivot.. big ass one.. it may be stronger at months endings.
those who can, do. those who cant, talk about those who can
  • #129,278
  • Jan 23, 2013 5:35am Jan 23, 2013 5:35am
Quoting FibbinArchie
yeah obviously i was generalising, running out of time, so will have to pick this up with you later, although an interesting topic...

btw can you say who you're working for?

ps. do you mean solely in terms of the carry trade?
we will pick this up later on..

can you recommend a dentist around here ?
  • #129,279
  • Jan 23, 2013 5:41am Jan 23, 2013 5:41am
Quoting gatorinla
most times true.
that 3341 is a mid pivot.. big ass one.. it may be stronger at months endings.
always need to be on guard for the exception...
  • #129,280
  • Jan 23, 2013 5:44am Jan 23, 2013 5:44am
Quoting darimik
we will pick this up later on..

can you recommend a dentist around here ?
sorry wrong side of london, try google or ask someone at work...

btw, nhs dentists are just as good as private in my experience and you should be able to get an early appointment if it's an emergency, but if you have private medical through work then go that route...
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