The Really Useless Thread

so stop kicking yourself

I hear you. BUT I COULD HAVE BEEN A CONTENDER!

for me
1C
2C
3C
regards

You already won though

1c
2c
3c

1. 1.116x
2. 1.121x
3. ???
regards

...and we rolled. No surprises across the board. Two hiccups with manufacturing but all ready for NFP.

+++++Opening table for the 10th and final Iteration in the second round to get in synch with the market +++++

Iteration 20

Euro currently trading @ 1.120x

"Survival of the fittest | Winners take all"

-->Question 20: FED in play one more time this year for a potential RMT for the fall/winter with a NFP as potential catalyst for the play. How do you play the flow/ the short term swing and the mid term swing?

Just the explanation on how this iteration is going to work:

1. The iteration will remain open until the last trader is stopped out
2. The risk reward will be 'irrelevant' for this round as each decision will be short range
3. Each update will imply either reversing or extending. There is no neutral
4. The point is force to think fast and use all the concepts and tools in a live environment to make decisions before the fact as much as possible
5. The ultimate goal of this iteration is to train as much as possible the mental process for trading and managing risk without getting stuck in the TA parts of trading.

Please do jump in as this it will be the last one. Its going to be very hard one and hopefully will allow us to wrap it up in a high and decide the top 20 in the rank.

--> Choose your poison time ASAP. I will leave the door open overnight so everybody can think, digest, plan and jump in.

The options are a bit different this time you just need to decide for NFP Buy or Sell

The triggers will be 4 (2 to each side):

-> LMT STP BUY 1.130x -> TP 1.140x -> STP 1.120x with undershoot or

-> LMT BUY 1.118x ​-> TP 1.128xx -> STP 1.108x with inline

&

-> LMT STP SELL 1.110x -> TP1 => 1.100x | STP > 1.120x with overshoot or

-> LMT SELL 1.122x -> TP1 => 1.112x | STP > 1.132x with inline

You only have to decide BUY or SELL. The triggers will come accordingly. The iteration will recycle every target until the last trader is stopped out...

GL all

sisse

If it's one or the other then sell side

Sell please.

I'm going with the sell as well. (1.100x scenario)

Sellin Yellen.

I would like to sell
Thanks

Sell for me.

I was also choosing 2C if we get an massive undershoot . But since you only has choice buy or sell here I go for the sell.

Thanks Pharm0r, suntan, ExForX, goosebone, clayey ,Earleone .... First ones to jump in...

sisse

IN

+++++Iteration 20 +++++

Euro currently trading @ 1.120x

"Survival of the fittest | Winners take all"

-> LMT STP BUY 1.130x -> TP 1.140x -> STP 1.120x with undershoot or

-> LMT BUY 1.118x ​-> TP 1.128xx -> STP 1.108x with inline

&

-> LMT STP SELL 1.110x -> TP1 => 1.100x | STP > 1.120x with overshoot or

-> LMT SELL 1.122x -> TP1 => 1.112x | STP > 1.132x with inline

Pharm0r

suntan

ExForX

goosebone

clayjay

Earleone

Sell please

It's interesting. I mean the options seem designed for quick thinking around the event but we are positioning with a bias towards the results ahead of time with the buy or sell call. All options seem reasonable since each one is tied to an nfp outcome.

Sisse this last iteration really helps with the what if's.
No reason we couldn't apply this info to any markets. ( relevant news ).

1:A, 2:C, 3:C

Thanks for your insight.

1-c 2-c 3-c

Greetings!

If I may get on this one I choose the buy side. With an undershoot -> LMT STP BUY 1.130x -> TP 1.140x -> STP 1.120x

My reasons:
1. The market is begging for a correction after that Yellen speech last month
2. August is a holiday season... a fewer people looking for a job. Just check the history on this one.
3. Almost everybody on this site (not only) is waiting for that sell (eur/usd) so guess what - not going to happend. At least not without a significant stop hunt

At least this is what I think. tnx.

After read and think, yea just read and think, Buy for Me.