The Really Useless Thread

lol sisse, tricky

Clear and soft reverso. lines up with my TA expectations since 19C....BUT only after FOMC has had its say. No point clearing or taking positions before. I'd prefer to add @ 1.0971 and will probably live play it

Technically speaking UJ could be a position hold (longer than mid term +6months) to 115 with intermitent stops if you really wanted to get crazy- live playing that one

++++ This is only open for the traders already in, in both iterations. Please CALL the numbers of iteration first so its easy to track i.e 19 a,b,c, etc and/or 20 a,b,c, etc since are traders still in both .... charts, updates, wrapping ups later...

+++++ OPENING TABLE for Iteration 20D +++++

Currently Euro trading @ 1.100x

" "Survival of the fittest | Winners take all""

Q20D: ONLY primejarvis, goosebone, Fadhl, nutts, hoom, CommercialB, Vorex, RoelsMajor, Pharm0r, clayjay, Earleone, NorthTrader, ptoftangency, mayafx, Grinsakh


--> Minutes on their with hikes pretty much a done deal, Sterling capitulated with hard Brexit in sight, EZ printing solid numbers and banks (DB) flirting to collapse in the background while US election is in full swing of gossip but with a clearer path (at least up to today) after the last fiasco form the random guy last week.

--> How would you do it the next leg?

-> LMT BUY 1.1020x -> TP1 => 1.107x -> TP2 1.116x | STP > 1.094x

-> LMT SELL 1.1020x -> TP1 => 1.097x -> TP2 1.088x | STP > 1.110x

Choose your poison ASAP ....if you don't its assume you stay short be default since it was the last option taken...

sisse

Option A please ....
 
 

Itegration 19D I go for A
Itegration 20D I go for A

I expect we can see a retracement is in oversold area. But also a knee jerk . So I play both to home run and are not scaling in further at this level.

19-c for me.

20- Limit Sell
19- c

++++ IN ++++

+++++ OPENING TABLE for Iteration 19D +++++

Currently Euro trading @ 1.100x

" Retrace or Reversal PART II - Frustration, Price & Indicators"

Q19D:

a. "Nothing to see for today minutes will just confirm hikes coming later this year" ... trail stops to 1.128x and let it play out to Home Run

Earleone

primejarvis

nutts

goosebone

CommercialB

eborn

ptoftangency

suntan

chester123

Fisher755

b. "It has been a good run but Euro look oversold and tired. Time to clear all and play a soft reverso" ...clear and reverse 1.100x 1 position to 1.116x -> STP 1.095x

Pharm0r

c. "FED hike are a done deal, Brexit and DB will trigger Europe jitters, I am ridding this baby all the way down ..." ... add 1 extra positions 1.100x -> 1.084x -> STP 1.110xx

Fadhl

clayjay

+++++ OPENING TABLE for Iteration 20D +++++

Currently Euro trading @ 1.100x

" "Survival of the fittest | Winners take all""

Q20D: ONLY

--> Minutes on their way with hikes pretty much a done deal, Sterling capitulated with hard Brexit in sight, EZ printing solid numbers and banks (DB) flirting to collapse in the background while US election is in full swing of gossip but with a clearer path (at least up to today) after the last fiasco form the random guy last week.

--> How would you trade the next leg?

-> LMT BUY 1.1020x -> TP1 => 1.107x -> TP2 1.116x | STP > 1.094x

Earleone

Pharm0r

-> LMT SELL 1.1020x -> TP1 => 1.097x -> TP2 1.088x | STP > 1.110x

Fadhl

nutts

primejarvis

goosebone

CommercialB

Grinsakh

clayjay

hoom

Vorex

RoelsMajor

ptoftangency

NorthTrader

mayafx

sisse

19D A
20D B (sell )

20d is sell for me sisse ... In no way I am on buying ...

19A
20Sell
Must admit I don't find it an easy call. Won't be surprised if stopped on 20.

It is a bitchin' call.

...for those who need a visual aid here are two charts sketches:

1. The short term chart quick reference we have been using for most short term iterations,

1. and, the second is the 'crowdsource' (read back post for iteration 19 to get details) mid term chart we made back in august.

sisse

...Second call ... all tables closed automatically 15 minutes before the news...

sisse

20 C for me

Iteration 19D A). This one easy enough call for me, am generally bearish the pair anyway & short has served me well till now, and never have much luck with reversos anyway! Not the place or time I'd want to go short either though after this nice drop without a retrace and before FOMC. Profits locked in no matter what now so hold & trailing sounds best option.

Iteration 20D -> LMT SELL 1.1020x -> TP1 => 1.097x -> TP2 1.088x | STP > 1.110x

As above not the place I'd ideally like to short now but if these two are the only options then short it is! ..... thanks sisse

19D A

My answers were up earlier . 19D A
20D sell


But I. Do.wish I didn't need the stop.so close on 19D

haha going by your charts there is no buy available as we're in sell outlook with a potential momentum trade on short term and a trade to the flip on mid term.

However; I'll stick to what I originally said- cant let you get the best of me you know

Earl, hope you brought a bucket- only gonna be two in this (potentially) sinking boat.

I think I'm taking 1.0963 area too seriously. It's the level that makes the call tough for me. I like the iteration's buy levels better than the sell levels for that reason. But I'm going with my direction bias instead of getting too caught up in my idea that I know within some tens of pips how this will play out. I have a way of chipping away at my capital with crap entries when I think I know exactly what will go down.

Using low leverage .