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The Really Useless Thread

  • #132,421
  • Apr 7, 2013 5:57pm Apr 7, 2013 5:57pm
Quoting Jay Walker
Bastard! You can't put a Gorillaz video without me watching it! I'm a huge fan!
started watching happy mondays videos on yt and came across this, can't believe this was over 20 years ago...

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  • #132,422
  • Apr 7, 2013 6:07pm Apr 7, 2013 6:07pm
nice to know that bez still looks and sounds as confused as ever...

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saw him MCing a few years ago at v festival in stafford, funny shit...

edit- in fact this is it, i was in that very same tent lol...

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  • #132,423
  • Apr 7, 2013 6:22pm Apr 7, 2013 6:22pm
Useless rule LOL ... bring it on
  • #132,424
  • Apr 7, 2013 6:48pm Apr 7, 2013 6:48pm
Quoting AllyB
Useless rule LOL ... bring it on
what's up ally...
  • #132,425
  • Apr 7, 2013 6:55pm Apr 7, 2013 6:55pm
Quoting FibbinArchie
hey venice... yeah, needs to break and hold it, spike isn't enough... retest of the lows wouldn't be the weirdest thing that ever happened in e/u... eurozone is basically still up shat creak without a paddle... hmm, or maybe with a paddle, but up shat creak all the same...
You got it bubbey. Range shifts upwards, test the bottom to create a HL.
  • #132,426
  • Apr 7, 2013 7:01pm Apr 7, 2013 7:01pm
Quoting Venice
You got it bubbey. Range shifts upwards, test the bottom to create a HL.
got a lot of technicals pointing to 2874
  • #132,427
  • Apr 8, 2013 2:40am Apr 8, 2013 2:40am
Morning

Just stating the obvious

EU EY UY

correlation long at present
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" Never let the past hold the future to ransom "
  • #132,428
  • Apr 8, 2013 2:49am Apr 8, 2013 2:49am
Hi guys,

now I know this may seem like quite a stupid post to you, but I would really like to hear your opinion. You see, so far I was trading only E/U, analyzed it quite lot, so I kinda know what to expect. I am running new account now and wanted to diversity risk more.

So, I am generally speculating on weakness of USD, therefore longing E/U. Yet we see this downtrend pressure here, which is still strong. I am expecting retracement in E/U anytime soon, and maybe it has already started. Because I expected chop zone, before E/U makes correction, I have decided to hedge my position with U/J, offsetting possible USD strength. Now this is something I am not quite fammiliar with. I am long UJ since 95,5 and in the end, it doesnt exactly look like a hedge, but very good trade. I would like to keep hedge for like 1 year+, so I am able to be longing E/U, while U/J is supposed to be offseting USD strength, should another stage of European crisis come.

Now, all tech indicators must be screaming Yen is seriously oversold, and I wonder, if this, combined with relief rally once Kim calms down can result in, lets say 61% correction in U/J (talking move of last 5 days).

I want to keep position opened, I just dont want to get kicked of and cant imagine, if U/J is able to do such a wild swings.

T
"I know one thing, that I know nothing." Sokrates
  • #132,429
  • Apr 8, 2013 3:10am Apr 8, 2013 3:10am
Good morning tom

Your post sounds a little mixed up to me and the first point i would tackle is whats the thinking behind holding a trade for a year

Regards
  • #132,430
  • Apr 8, 2013 3:15am Apr 8, 2013 3:15am
AU D1

working some long scalps
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  • #132,431
  • Apr 8, 2013 3:20am Apr 8, 2013 3:20am
Quoting cohiba pips
Good morning tom Your post sounds a little mixed up to me and the first point i would tackle is whats the thinking behind holding a trade for a year Regards
Sry for that. I am trying to compress all my thoughts in single post, as when try to describe reasons for my trades, it usually ends up as essay.

So, whats the thinking? Thats just the way I trade. I need to digest loads of informations before I decide to trade. You can call that overanalyzing. I am simply not able to react fast enough to scalp or even hold trades for a week or so. So am catching swing moves which last for like half a year.

And, well, I am going to simplify it, but I just expect FED to engage in such a massive can kicking and print so much cash, we´ve never witnessed such. So I am generally speculating on weakness of USD. And right now, I just wanted to hedge it with UJ, because E/U is still in bearish trend and therefore pressure to buy USD persists. I really didnt expect that UJ to play this way. I thought it will be steady grinding up, not such a rally.

T
"I know one thing, that I know nothing." Sokrates
  • #132,432
  • Apr 8, 2013 3:40am Apr 8, 2013 3:40am
[quote=Tom_D_Trader;6583811]Sry for that. I am trying to compress all my thoughts in single post, as when try to describe reasons for my trades, it usually ends up as essay. So, whats the thinking? Thats just the way I trade. I need to digest loads of informations before I decide to trade. You can call that overanalyzing. I am simply not able to react fast enough to scalp or even hold trades

I understand your fundamental reasons its just the time frame your thinking across is pretty serious when trading currencies imo
Anyway I would treat them as different entities yen weakness rather than usd strength and the euro as a story in itself will catch up with ya next easter
  • #132,433
  • Apr 8, 2013 3:54am Apr 8, 2013 3:54am
Quoting cohiba pips
I understand your fundamental reasons its just the time frame your thinking across is pretty serious when trading currencies imo Anyway I would treat them as different entities yen weakness rather than usd strength and the euro as a story in itself will catch up with ya next easter
Ok, so lets say I am incompetent , and in fact I kinda am. Point is, I am watching Japan for like five years, and so far, my only reason was it is one of largest US trading partners. But since I´ve decided to diversity my portfolio a bit and BOJ took a shoot last week, I just joined the action. Now, I am watching Japans GDP, equities, bonds and stuff, but all long term. I´ve never been riding such a fast UJ rally. I could do some backtesting, but results wouldnt prove anything, as the last BOJ action is like first in 20 years or so.

I am wondering, if rallies here can technically end as fast as they started. Sure, these are a bit different conditions than before, but here is the deal. Japan, although it has crap GDP, demographics, shut down those powerplants, contracting manufacturing,..... well, simply is in trouble, in current crisis struck world, still is kinda viewed as safe haven. So I am wondering what part of this rally is thanks to "safe haven seekers" who are fleeing because of Kim harassing up there. So, when he stops harassing, money could very well flow back. If combined with technical correction, it can be quite fast fall, and I dont want to be there.

T
"I know one thing, that I know nothing." Sokrates
  • #132,434
  • Apr 8, 2013 4:04am Apr 8, 2013 4:04am
Took of some for lunch money at first dustbin level

UY may retrace from 99.00 but momentum is still bullish
Looking for 100.00 over the next few sessions
If EU can maintain 13000 , a decent range could be on the cards
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" Never let the past hold the future to ransom "
  • #132,435
  • Apr 8, 2013 4:35am Apr 8, 2013 4:35am
Quoting Tom_D_Trader
Ok, so lets say I am incompetent , and in fact I kinda am. Point is, I am watching Japan for like five years, and so far, my only reason was it is one of largest US trading partners. But since I´ve decided to diversity my portfolio a bit and BOJ took a shoot last week, I just joined the action. Now, I am watching Japans GDP, equities, bonds and stuff, but all long term. I´ve never been riding such a fast UJ rally. I could do some backtesting, but results wouldnt prove anything, as the last BOJ action is like first in 20 years or so....
I was joking tom but the simple answer is '' yes '' and thats why looking a year ahead is unrealistic but at the same time I sincerely hope it works out
  • #132,436
  • Apr 8, 2013 4:43am Apr 8, 2013 4:43am
Quoting FibbinArchie
dunno chonch, knee jerk reaction or meaningful reversal? been rangebound long enough... you trading longer term swings now?
.......

.......Considering, yeah.....
The Chonchy
  • #132,437
  • Apr 8, 2013 5:15am Apr 8, 2013 5:15am
Quoting Gleneagles
Took of some for lunch money at first dustbin level
what bastard made you work a Monday mate?
  • #132,438
  • Apr 8, 2013 5:41am Apr 8, 2013 5:41am
Quoting chazzle
what bastard made you work a Monday mate?
same bastard that emptied my beerfund over Easter Weekend
" Never let the past hold the future to ransom "
  • #132,439
  • Apr 8, 2013 5:54am Apr 8, 2013 5:54am
GA W1

now into GBP AUD long on this pullback
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  • #132,440
  • Apr 8, 2013 5:57am Apr 8, 2013 5:57am
Quoting Gleneagles
same bastard that emptied my beerfund over Easter Weekend
shit... I think he had mine as well -
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