The Really Useless Thread

He won't explain in simple language although he's trying sometimes...so either you do the math and link the infos or nothing !

Lots of disappointed traders with even more questions raised after the last round of calls but hopefully it has also help some to explore some trading ideas from a different angle. In any case and to complete the exercise with IMARICH1 , calling for the 5th and last iteration of this set:

+++++Opening table for the NFP live news swing Iteration+++++

--> Question 5: How would you trade a live swing short term swing?

This iteration is close to a real live trading set variation, a simple but proper R:R in play with a automatic trailing on first target for the sake of the exercise and to open the discussion on money management for later ...

++++Currently Euro is trading at the never ending flip 1.139x++++

--> Choose your poison ASAP for the ROLL before the NFP play. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all.

The 3 options are :

-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

Neutral neither long or short STP is HIT in 3 trading days | max r:r => 3:1

-> LMT SELL 1.140x -> TP1 => 1.132x TP2 => 1.11xx | STP => 1.150x | max r:r -=> 3:1

IMARICH1 and all old and new participants are welcome to go in as this is the last iteration in this round ... if you wonder about the neutral option is to introduce to some volatility in trading as practical concept.

*** For those who complain about waiting for the news and staying aside you are missing the point of this exercise which is discussing about getting in synch with the market not about right or wrong !!!.

sisse

I'll sell it. Tough entry and sl though. But I like that side for the exercise all the same.

My preference is Sell (as the instant reaction to numbers) and Buy (as a real direction of the market). Thanks!

Lmt buy 1.140x

Limit Sell 1.140x ==> 1.11xx

Neutral neither long or short STP is HIT in 3 trading days | max r:r => 3:1

Unsure of direction & if NFP goes close to forecast..can't see too much volatility & next major news outside of 3 days

IN

-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

hoom

gazpacho

Neutral neither long or short STP is HIT in 3 trading days | max r:r => 3:1

PAStalker

IMARICH1

eborn

-> LMT SELL 1.140x -> TP1 => 1.132x TP2 => 1.11xx | STP => 1.150x | max r:r -=> 3:1

goosebone

Fadhl

Replicant

Arshamv

CommercialB

Neutral neither long or short STP is HIT in 3 trading days | max r:r => 3:1

-> LMT SELL 1.140x -> TP1 => 1.132x TP2 => 1.11xx | STP => 1.150x | max r:r -=> 3:1

I'm surprised not more folks on the bid side. Tough call. getting to the other side of 1388 would make it seem clearer to me. but then if that tree would just get out of my way maybe I could find the forest

Second call ....choose your poison time ...a shout to the lurkers around come on jump in ...

sisse

I'm neutral in this one.

-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

Cannot believe neither stop would be hit within 3 working days esp with NFP coming up so that's "Neutral" out of the picture for me. Mmmm ..recent attempt @ 1.16 has just been smartly beaten down & guessing inline NFP so I'll go with the short, Limit Sell @ 1.14 for me please thanks

Any final takers? ...third and last call ...table closing in a few minutes ...

sisse

I will go with


-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

-> LMT SELL 1.140x -> TP1 => 1.132x TP2 => 1.11xx | STP => 1.150x | max r:r -=> 3:1

Im going with neutral

-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

count me in, thank you!