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The Really Useless Thread

  • #134,361
  • Apr 29, 2015 7:33am Apr 29, 2015 7:33am
Awful numbers from the US keep coming. The odds of FED saying something hawkish looks very weak after the last round of numbers. We ticked in the wrong side in every major US macro indicator the last few weeks.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,362
  • Apr 29, 2015 7:36am Apr 29, 2015 7:36am
Quoting MissPips
{quote} How'd you get that way, if you don't mind my asking. Was it just practice, or doing some exercises for example, or something else? (I 've read various ones like doing coin toss trades on a tiny account, and just practicing taking the win/loss called for by your stops).
Just practice. I often closed trades for a handfull of pips, because PA didn't move - only to see it start running away as soon as I pulled the trigger. If you count those missed opportunities, they'll add - compare that to the initial risk and you eventually start thinking about the approach itself.
That doesn't mean, I don't watch PA, but definitely not in the same way I did 3 years ago.
  • #134,363
  • Apr 29, 2015 7:43am Apr 29, 2015 7:43am
Quoting Pharm0r
Good luck today- to be clear (as I think I may have talked in circles the last day or so) Stops above .1052 are sitting ducks,
Quack, Quack
  • #134,364
  • Apr 29, 2015 7:49am Apr 29, 2015 7:49am
Quoting MissPips
{quote} Quack, Quack


I'm out out out. Done for the month. The HH was it for me (news or not)

(watch it reverse now)

oh well- go on without me
  • #134,365
  • Edited 9:03am Apr 29, 2015 7:52am | Edited 9:03am
chanced some long DAX @ 11.578 risking 11.540
edit: moved stop to BE
edit2: stopped
Don't be a hero. Don't have an ego. Always question yourself
  • #134,366
  • Apr 29, 2015 8:02am Apr 29, 2015 8:02am
Quoting Pharm0r
{quote} I'm out out out. Done for the month. The HH was it for me (news or not) (watch it reverse now) oh well- go on without me
You gotta admire the bastards - they really know how to stick to the plan.
  • #134,367
  • Edited 8:53am Apr 29, 2015 8:06am | Edited 8:53am
Quoting Mr Hatch
{quote} Just practice. I often closed trades for a handfull of pips, because PA didn't move - only to see it start running away as soon as I pulled the trigger. If you count those missed opportunities, they'll add - compare that to the initial risk and you eventually start thinking about the approach itself. That doesn't mean, I don't watch PA, but definitely not in the same way I did 3 years ago.
Thanks. It's two different skills though really. One is holding the trade (however you managed to place it)
and the other is just being cold-blooded enough to just place it there. To me they are related,
because I can't see how I'd have the confidence to hold it if I just placed it there without confirmation
of some sort (even though I know the risk in pips is greater that way.) To me it's worth the
extra risk in pips so I can feel a bit more confident the trade will go my way. But
I can see why, if you are only risking a pip or two, you might feel better about holding
it longer too.
  • #134,368
  • Apr 29, 2015 8:07am Apr 29, 2015 8:07am
Quoting MissPips
{quote} You gotta admire the bastards - they really know how to stick to the plan.
hehe...you called them out! So the noise is dying down, wics are forming...1050-20 area still in play, interesting set up.
Guard your pips jelously
  • #134,369
  • Apr 29, 2015 8:16am Apr 29, 2015 8:16am
Quoting TzarPips
{quote} hehe...you called them out! So the noise is dying down, wics are forming...1050-20 area still in play, interesting set up.
That was the 3 day ADR there. The 5 day ADR is 83, and there is some R there too.
  • #134,370
  • Apr 29, 2015 8:52am Apr 29, 2015 8:52am
Quoting MissPips
{quote} Thanks. It's two different skills though really. One is holding the trade (however you managed to place it) and the other is just being cold-blooded enough to just place it there. To me they are related, because I can't see how I'd have the confidence to hold it if I just placed it there without confirmation of some sort (even though I know the risk in pips is greater that way.)
I never analyzed that relationship, it just became "behaviour" at the point I counted. I have my stops and my tp - that doesn't mean I never deviate, esp. if I get a red-flag-warning from someone suggesting it might be wise(r) to bank some profit because of xyz. And I usually reach my tp with fractions of the original position.
  • #134,371
  • Apr 29, 2015 9:14am Apr 29, 2015 9:14am
closed all trades at minimum loss .....

setup got disappointed ....
Re-Incarnated
  • #134,372
  • Apr 29, 2015 9:43am Apr 29, 2015 9:43am
Quoting sisse
{quote} the easiest and cleanest ride up in the last leg but reading from the threads very few (if any) ride it the whole way ....... sisse
Quoting Likerty
{quote} One of these should be the next for notable corrections (to test 0920/40 from above): 1.1080 1.1160's 1.1240's
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_15 Mins_.png Size: 50 KB
69
  • #134,373
  • Apr 29, 2015 9:56am Apr 29, 2015 9:56am
welp, thats that.

1180 is last month's open...

still have FOMC....

Quoting Likerty
{quote} {quote} {image}
You deserve a few

Notice you calling these levels weeks back, with little to no response (not that you need or were looking for one). Bravo
  • #134,374
  • Apr 29, 2015 10:15am Apr 29, 2015 10:15am
USDOLLAR D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0040.png Size: 64 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #134,375
  • Apr 29, 2015 10:36am Apr 29, 2015 10:36am
Quoting Mr Hatch
{quote} I never analyzed that relationship, it just became "behaviour" at the point I counted. I have my stops and my tp - that doesn't mean I never deviate, esp. if I get a red-flag-warning from someone suggesting it might be wise(r) to bank some profit because of xyz. And I usually reach my tp with fractions of the original position.
Thanks. Getting close to the infamous 1209 fib BTW
  • #134,376
  • Apr 29, 2015 10:43am Apr 29, 2015 10:43am
Quoting MissPips
{quote} Thanks. Getting close to the infamous 1209 fib BTW
when c**** is rare, they f*** a bear
  • #134,377
  • Apr 29, 2015 10:47am Apr 29, 2015 10:47am
Hi all,

Does this means that it'd be pointless to do any sort of carry trade with Oanda from 1st May 2015 onwards?

Dear Valued Client,

Due to the current interest rate environment with rates near or below zero, we will be setting OANDA cash balance rates to zero as of April 30, 2015. The administrative overhead to manage interest payments is significant across our 6 regulated entities. Setting account balance interest rate to zero enables us to continue to offer you tight spreads with no incremental fees.

We will continue to pay and charge interest on the currency pairs currently held in customer positions. OANDA calculates interest charged and paid continuously, second-by-second. This is in contrast to other financial markets, where interest payments are made at daily intervals with the shortest increment of one business day.

If you have any questions about this notice, please contact our Customer Support team whenever the markets are open.

Thank you for trading with OANDA.
  • #134,378
  • Apr 29, 2015 10:54am Apr 29, 2015 10:54am
Quoting Mr Hatch
{quote} when c**** is rare, they f*** a bear
wtf are you doing?
  • #134,379
  • Edited 11:07am Apr 29, 2015 10:56am | Edited 11:07am
Quoting lfcfanatic
Hi all, Does this means that it'd be pointless to do any sort of carry trade with Oanda from 1st May 2015 onwards? Dear Valued Client, Due to the current interest rate environment with rates near or below zero, we will be setting OANDA cash balance rates to zero as of April 30, 2015. The administrative overhead to manage interest payments is significant across our 6 regulated entities. Setting account balance interest rate to zero enables us to continue to offer you tight spreads with no incremental fees. We will continue to pay and charge interest...
Sounds like they wont pay you interest on money held in your account, but will still pay swap interest for buying/selling currencies.
  • #134,380
  • Apr 29, 2015 10:59am Apr 29, 2015 10:59am
Sorry Pharm0r,

What does 'still pay swap' means?
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