The Really Useless Thread

OK no prob ... Time will tell who is talking nonsense ... Why don't u just do one start ignoring me... The only reason I don't post much

surprising but still in line quarter over quarter, plus revisions have consistently been positive

Above all, outlook is better for US as compared to EU.

Suspect EU will return to Earth sooner than not. 1.17xx still locked on my charts for the year

I have max extension 1.139x for the year .

chart or no? I'll check mine when I get home. I agree though, don't see that high getting beat- mofu'ers will be looking to the 1.135x area for a big short

on the weekly/monthly we're in the middle of the range

Today Flop is just slowing the mid?/long term outcome but changing the near term path . Next week is NFP ...1.135x is a good marker on W/M...anything trading above

1.119x till the 1.139x is a short squeeze on thin air during summer due to the short circuit in USD longs which is [was] crowded by the way.

One better focus on Sterling in the meantime .

This afternoon, market is in full control of Basters

After a rather long wait for a short term swing nearly 3 weeks and 5 failed attempt to crack the lows. Shorts stopped out for a scratch trade in one of the dullest trade of the year. We finally cleared iteration 14, best call after the fact for those who went neutral and cleared a few days ago....

I know there are lots of questions open so there will be updates later at a more appropriate time. Iteration 12 and 13 still running....

====== Iteration 14 [the end] ======

++++Currently Euro is trading 1.1108x++++

(Total Time 12 hours 21 days)

"Knee jerk reaction or a trend change"

-> LMT BUY 1.108x [check] -> TP1 => 1.118x [check] | TP2 => 1.131x | TP3 => 1.141x | STP => 1.0980 | max r:r -=> (+)4:1*

manosk [double long] First target long hit but Stopped out on the rest Scratch trade]

-----

suntan [1st target hit and reverse]

vorex (double TP1) [1st target hit and reverse]

-> No touch 1.118x / 1.098x (till W close) [check] -> TP2 => No touch 1.1280 | 1.088x [check] (till noon NFP) max r:r -=> (+)4:1*[check]

Fadhl, Pixie666, PipJet, Ghandi, glassblower [already cleared]

-> LMT SELL 1.108x [check] -> TP1 => 1.098x [check] | TP2 => 1.085x | | TP3 => 1.075x | STP => 1.118x [check]| max r:r -=> (+)4:1*

suntan [1st target hit and reverse]

vorex (double TP1) [1st target hit and reverse]

------------- ----------------

PAStalker

pmmebids

Earleone

CommercialB

goosebone

chester123

Decima

Replicant

ptoftangency

IMARICH1

hoom

eborn

gazpacho

primejarvis

fxtrader18

realfan

Grinsakh

workingforex

....split in 2 posts

GDP flop caught dollar in the wrong side short-circuiting the FX board but as weird as it may seem we have 'roll play' in Sterling and Euro for today so a rather unexpected new iteration for the European close today:

+++++Opening table for the 6th Iteration in the second round to get in synch with the market short term+++++

--> Question 16: USD GDP unexpectedly flop after all CBs were very soft. How do you play the rest of the summer?

This iteration is a live trading set variation with a proper R:R. It's titled: "arghh revenge, calm or I am done with it" and its aim to talk about perspective TA wise after a long range compression range.

--> Choose your poison ASAP. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all. Updates will come in later...

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

++++Currently EURO is trading 1.118x++++

"arghh revenge, calm or I am done with it"

-> LMT BUY 1.115x -> TP1 => 1.135x | TP2 => 1.155x TP1 => 1.138x | STP => 1.1080 | max r:r -=> (+)4:1*

-> No touch 1.125x / 1.105x (till BOE) -> TP2 => No touch 1.1350 | 1.095x [check](till NFP) max r:r -=> (+)4:1*

-> LMT SELL 1.118x -> TP1 => 1.098x | TP2 => 1.078x | STP => 1.128x | max r:r -=> (+)4:1*

sisse

Sorry Sisse, you say Gold is trading at 1326.XX but the iteration is about Euro right?

I would go > LMT BUY 1.115x -> TP1 => 1.135x | TP2 => 1.155x TP1 => 1.138x | STP => 1.1080 | max r:r -=> (+)4:1* please

For now, I'm going with No touch. Seems to me a new chop zone is in effect, also due to the low volume trading during these weeks.

Sure can.
Sitting this one out as I can't see the forest atm.

Thanks manosk, eborn, the first one to call is always the hardest... @goosebone perfectly understandable option. That is the exact point for this iteration ' I can't see the forest' ..We'll talk about some hints on the TA front that may help or trigger ideas to explore on your own terms.

sisse

> No touch 1.125x / 1.105x (till BOE) -> TP2 => No touch 1.1350 | 1.095x [check](till NFP) max r:r -=> (+)4:1*

Europe going home... watch out for US Equities till the close....

IN

++++Currently EURO is trading 1.118x++++

"arghh revenge, calm or I am done with it"

-> LMT BUY 1.115x -> TP1 => 1.135x | TP2 => 1.155x TP1 => 1.138x | STP => 1.1080 | max r:r -=> (+)4:1*

manosk

eborn

-> No touch 1.125x / 1.105x (till BOE) -> TP2 => No touch 1.1350 | 1.095x [check](till NFP) max r:r -=> (+)4:1*

Vorex

-> LMT SELL 1.118x -> TP1 => 1.098x | TP2 => 1.078x | STP => 1.128x | max r:r -=> (+)4:1*

primejarvis

Sell please

I'm with no touch, not buy

Sell please.

-> LMT SELL 1.118x -> TP1 => 1.098x | TP2 => 1.078x | STP => 1.128x | max r:r -=> (+)4:1*

Outlook is still intact for EU. Just a short circuit today and trading in thin Market. I see EU having more obstacles to clear to bring back their Economy compare to US. U.S. Data good just missed today and may get revised again for positive. Banks in EU having some stress and maybe more to come. Can't bet on a very sick horse in the lead and will stay with my horse that isn't as strong right now but wil recover from short term short circuit and is tired but healthier than the sick horse in the lead. I will take a SELL as R:R is excellent for this position and Outlook is Sell for Mid and Long Term at least. The Short term took me by surprise today.

yen cleaning the lows to the 102.0x handle after the very soft BOJ disappointed a fully loaded train. They may regret as I am not sure they were expecting a flop from the US too (dollar). A risk trigger later today ....and is 'nobody' on the bid ..... 103.8x looks very very very far now so sidelined by default and cancelling all trades in UJ until further notice...

sisse

--> Second call...

IN

++++Currently EURO is trading 1.118x++++

"arghh revenge, calm or I am done with it"

-> LMT BUY 1.115x -> TP1 => 1.135x | TP2 => 1.155x TP1 => 1.138x | STP => 1.1080 | max r:r -=> (+)4:1*

manosk

-> No touch 1.125x / 1.105x (till BOE) -> TP2 => No touch 1.1350 | 1.095x [check](till NFP) max r:r -=> (+)4:1*

Vorex

eborn

-> LMT SELL 1.118x -> TP1 => 1.098x | TP2 => 1.078x | STP => 1.128x | max r:r -=> (+)4:1*

primejarvis

Fadhl

Fisher755

IMARICH1