The Really Useless Thread

A rather soft day across the board.... Oil keep grinding the highs without a decisive break. In the currency board only Euro and Sterling flirting to take the driver seat (as its expected they do in the next few weeks) while the rest waiting for Dollar via the FED minutes later with NY.

Euro sitting in a great area for the next iteration in the thread. I hope nobody following the iterations is surprised that we are sitting 1.128x for today.

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+++++Opening table for the 7th Iteration to get in synch with the market short term+++++

--> Question 7: How would you trade the next live short term swing with FED minutes in play?

This iteration is a live trading set variation with a proper R:R and simple trailing on first target. It's titled: Did I miss a trend? ...

++++Currently Euro is trading 1.129x++++

--> Choose your poison ASAP. All the previous traders please jump in to have a larger set of iterations. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all.

3 options for this simple iteration. No time limit for longs or shorts:

-> LMT BUY 1.129x -> TP1 => 1.135x | TP1 => 1.149x | STP => 1.123x | max r:r -=> 4:1

No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

Standing tables update from last round, comments, questions in a few ...

sisse

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

I would like to go short thanks.

No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1

If you allow me in I am taking the long:

-> LMT BUY 1.129x -> TP1 => 1.135x | TP1 => 1.149x | STP => 1.123x | max r:r -=> 4:1

Got the first taker which is usually the hardest one to call ... GL if you are trading it live

IN

-> LMT BUY 1.129x -> TP1 => 1.135x | TP1 => 1.149x | STP => 1.123x | max r:r -=> 4:1

Earleone

No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1

suntan

gazpacho

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

clayjay

chester123

chronical

I would take sell.

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

I would love to join, thnx


-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

gon' sell this beyaatch

No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1

Come on markets don't wait and NY is coming in a few minutes....Second call

IN

-> LMT BUY 1.129x -> TP1 => 1.135x | TP1 => 1.149x | STP => 1.123x | max r:r -=> 4:1

Earleone

No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1

suntan

gazpacho

Fadhl

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

clayjay

chester123

chronical

IMARICH1

mayafx

Here is the top 20 standing table updated from last iteration:


sisse

No touch!

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1
REASON: We are in a SELL OUTLOOK NOW. You can SELL at EXTREMES and CENTER


And my new FLIP......????? Not sure sisse, I am feeling less confident in it....... .129X or .118X

.and more importantly what is the main direction we are trading for the swing?

It appears we are trading SOUTH as PRICE continues to not make new HIGHS.....that's a guess as I am not confident I understand the question on a swing......

I take the short side
regards

Price going too far from entry level. Final call to jump in but I wont accept entries temporarily with Euro trading 1.126x as there is a unfair advantage for the trade ....so only accepting ins with Euro trading 1.127x / 1.130x

---- What happened with bulls ??? ..

IN

-> LMT BUY 1.129x -> TP1 => 1.135x | TP1 => 1.149x | STP => 1.123x | max r:r -=> 4:1

Earleone

No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1

suntan

gazpacho

Fadhl

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

clayjay

chester123

chronical

IMARICH1

mayafx

goosebone

sisse

Sell please.

i choose shorting..
-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

-> LMT SELL 1.129x -> TP1 => 1.123x | TP1 => 1.109x | STP => 1.135x | max r:r -=> 4:1

My bias is for sell since it has flipped 1.134x after testing twice..but I don't think there will be enough volatility since a rate hike is only 19% in June so I wouldn't expect anything to change dramatically after the report.
Even though a sell looks strong now at time of posting...
No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1 for me

lmt buy 1.129x