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The Really Useless Thread

  • #132,441
  • Apr 8, 2013 6:02am Apr 8, 2013 6:02am
Quoting chazzle
GA W1 now into GBP AUD long on this pullback {image}
1.4633 is my entry point for a long

Hope all is well!
  • #132,442
  • Apr 8, 2013 6:07am Apr 8, 2013 6:07am
Quoting chazzle
shit... I think he had mine as well - {image}
not the best buddy to take with if you go out for a pint
" Never let the past hold the future to ransom "
  • #132,443
  • Apr 8, 2013 6:09am Apr 8, 2013 6:09am
Quoting bbakker
1.4633 is my entry point for a long Hope all is well!
cripes - where did you spring from? close eye on cable 330 area for the GA long -- Spring is here what do you reckon?
  • #132,444
  • Apr 8, 2013 6:19am Apr 8, 2013 6:19am
Quoting chazzle
cripes - where did you spring from? close eye on cable 330 area for the GA long -- Spring is here what do you reckon?
Thank christ seven months is simply taking the piss
  • #132,445
  • Apr 8, 2013 6:23am Apr 8, 2013 6:23am
Quoting chazzle
cripes - where did you spring from? close eye on cable 330 area for the GA long -- Spring is here what do you reckon?
I still lurk from time to time, see who is still around but for most part I try to avoid FF these days
  • #132,446
  • Apr 8, 2013 7:55am Apr 8, 2013 7:55am
Quoting Tom_D_Trader
... 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

Hi Tom,
Just my technical view. take it in cosideration but pls follow your own rationale. Like cohiba I would suggest you treat all trades individually.

You will find that hatching often is not beneficial at all.

Can a "rally" end as quickly as it started - why not. I'd prefer to follow objectifiable signals rather than having expectations and hopes. Rather than getting in the red better close a trade in profit and re-enter once the conditions seem right again, even though you might have missed out on some pips in the end.

I'd expect you to have entered the trade with SL and a projected TP and an idea what invalidates the trade/ when to close it. I'd rather follow that than putting it in the hands of fate.

D1: Cautiously speaking and depending on the next few days D1 is showing bearish RSI divergence: 909x and 918x are very possible supports
Attached Image (click to enlarge)
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W1, MN: Retracements to weekly 8940 and monthly 8510 are possible and required to invalidate bullish outlook for those timeframes.

Next levels up that I am watching on monthly TF are 101.2 and 105.5. Note we are close to the upper kumo, that is often pierced before PA retraces again to find new support. there is good momentum in the bull and the week long signal (weak tenkan kijun cross) was quite good - expressed by a steep and parallel tenkan and kijun line (highlighted yellow in monthly chart). This said the conditions for a continued bullish trend are good, but a retracement cannot be ruled out.
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  • #132,447
  • Apr 8, 2013 8:49am Apr 8, 2013 8:49am
This price action is
  • #132,448
  • Apr 8, 2013 9:25am Apr 8, 2013 9:25am
Quoting Venice
This price action is

You think v imagine staring at uj for a yr
  • #132,449
  • Apr 8, 2013 9:30am Apr 8, 2013 9:30am
Quoting 2046
I'd expect you to have entered the trade with SL and a projected TP and an idea what invalidates the trade/ when to close it.
Thank you for your technical analysis. Nope I dont have TP, SL is set at BE. It was supposed to be long term floating hedge offseting USD strenght when another stage of European crisis comes. I didnt expect such a move and was expecting slow grinding up. But imo thanks to the events in North Korea, it took quite a fast speed and I am afraid same speed could be seen once it starts correcting. It is currently leveraged at 1,4:1, floating 4,4%. I feel I would be fool not to take at least partial as 4% is my monthly target. And thats why I am harassing your thread here. I have literally 0 experience trading UJ. This was my first trade and didnt went exactly as I ve thought. I think taking partial and deleveraging to 0,4:1 is good option now. I just need to pick target now.

So thanks and if you have more on the topic, I am one big ear (or eye? Dunno, just would like to read more),

T
"I know one thing, that I know nothing." Sokrates
  • #132,450
  • Apr 8, 2013 12:45pm Apr 8, 2013 12:45pm
Quoting cohiba pips
You think v imagine staring at uj for a yr

Aye. To be honest, I don't know how some of these folks trade this stuff day in and day out. I'd go CrAzY!!
  • #132,451
  • Apr 8, 2013 1:34pm Apr 8, 2013 1:34pm
Quoting Venice
Aye. To be honest, I don't know how some of these folks trade this stuff day in and day out. I'd go CrAzY!!
this fella added to a swing for a few yrs i know your style but its not even close to the thoughts above
Attached Image
  • #132,452
  • Apr 8, 2013 4:10pm Apr 8, 2013 4:10pm
EY

Still have a leftover position running
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" Never let the past hold the future to ransom "
  • #132,453
  • Apr 8, 2013 4:31pm Apr 8, 2013 4:31pm
Quoting Gleneagles
EY Still have a leftover position running {image}
.
Attached Image
  • #132,454
  • Apr 9, 2013 1:48am Apr 9, 2013 1:48am
Morning


EY


Standing aside on countertrend short until 9900 level on Yen is resolved

12866 intraday swing level
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Apr. 09 08.45.jpg Size: 81 KB
" Never let the past hold the future to ransom "
  • #132,455
  • Apr 9, 2013 2:41am Apr 9, 2013 2:41am
Hi guys,

I´ve made a little research of BOJ monetary policy, thought some of you might find it usefull, and are not reading spamthread. Btw, I´ve closed partial on that UJ yesterday.

Quoting Tom_D_Trader
Ok, I ve made a little research.
T
"I know one thing, that I know nothing." Sokrates
  • #132,456
  • Apr 9, 2013 3:19am Apr 9, 2013 3:19am
EY long

Yen > 9900
EU > 13000
EY > 12916

not negotiable
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Apr. 09 10.12.jpg Size: 58 KB
" Never let the past hold the future to ransom "
  • #132,457
  • Apr 9, 2013 7:12am Apr 9, 2013 7:12am
Quoting Gleneagles
EY long Yen > 9900 EU > 13000 EY > 12916 not negotiable {image}
morning
  • #132,458
  • Apr 9, 2013 7:17am Apr 9, 2013 7:17am
Quoting AllyB
morning

evening
" Never let the past hold the future to ransom "
  • #132,459
  • Apr 9, 2013 7:27am Apr 9, 2013 7:27am
Quoting Gleneagles
evening
i was up late last night watching basketball ... not really my sport but my team was in the finals for the first time in 20 years so had to cheer them on. they lost though

my charts look ugly ... may go back to bed
  • #132,460
  • Apr 9, 2013 7:53am Apr 9, 2013 7:53am
Quoting AllyB
i was up late last night watching basketball ... not really my sport but my team was in the finals for the first time in 20 years so had to cheer them on. they lost though my charts look ugly ... may go back to bed
yup.....should have taken an extended lunch
" Never let the past hold the future to ransom "
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