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The Really Useless Thread

  • #151,041
  • May 9, 2017 2:19am May 9, 2017 2:19am
Quoting ill_be_back
{quote} 113.64x
Missed
In at
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 2 KB
A good trader follows his rules, but great trader knows when to break them
  • #151,042
  • May 9, 2017 3:20am May 9, 2017 3:20am
Quoting ill_be_back
{quote} Missed In at {image}
113.6xx clearly a key level, but curious as to your short entry as soon as it gets there , I dont see a sell signal of any kind. You may well be right but just wondering as to what your trigger was, other than reaching that level.
  • #151,043
  • May 9, 2017 4:28am May 9, 2017 4:28am
Quoting giveachance
{quote} why do you think we are not going down. if we break 1.0914 followed by 1.0903 we are going down to 1.0847 and sub 1.08 later
as expected gone. 1.0847 is next
  • #151,044
  • May 9, 2017 4:39am May 9, 2017 4:39am
Quoting giveachance
{quote} I agree. market has been difficult since the past 2 years or so. forex was never guaranteed income but it was 60% predictable. I think that % has come down to 30% now
Thats not what he ment, he was implying that in general trading is hard. The market predictability completely relies on your strategy, for example you say the market is 30% predictable (according to your strategy) when currently for me the market ranges between 60-80% predictability (because of my strategy). To any new traders don't let all the failures convince you that trading is impossible, there just jealous.
  • #151,045
  • May 9, 2017 4:54am May 9, 2017 4:54am
Quoting giveachance
{quote} as expected gone. 1.0847 is next
I think it's going to close the gap and creating a new LH at 1.07 and then up to new HH 1.103 (via daily chart).
  • #151,046
  • May 9, 2017 5:41am May 9, 2017 5:41am
UK100 short another try @ 7340
Don't be a hero. Don't have an ego. Always question yourself
  • #151,047
  • Edited 6:48am May 9, 2017 6:14am | Edited 6:48am
What is the next big event we might be pricing in? June rate hike?
  • #151,048
  • May 9, 2017 6:27am May 9, 2017 6:27am
...and I will take that in the Euro. Clearing first short term target on the test 1.088x, well done all from the 1.10xx handle. Not much else to see there.

Tracking very closely Bund this week and shifting attention for trading to Oil and Sterling to complete the legs for the BOE.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #151,049
  • May 9, 2017 6:54am May 9, 2017 6:54am
Quoting Fadhl
{quote} I think it's going to close the gap and creating a new LH at 1.07 and then up to new HH 1.103 (via daily chart).
1.0792 near abouts is where it will bottom. I agree it will go up again but not close to 1.1 somewhat lower to 1.0950
  • #151,050
  • May 9, 2017 7:59am May 9, 2017 7:59am
Quoting cashfactor
{quote} 113.6xx clearly a key level, but curious as to your short entry as soon as it gets there , I dont see a sell signal of any kind. You may well be right but just wondering as to what your trigger was, other than reaching that level.
As soon as my level is reached I pull the trigger, If right mucho pips, If it goes more the 3 against me i am OUT
Lost a few in this
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #151,051
  • May 9, 2017 8:01am May 9, 2017 8:01am
Quoting traderguy7
{quote} Scratch that last post. If we close above 1.0920 by 8pm US Eastern Time, I say we have a very good chance of getting back up to 1.0950 again overnight and into tomorrow morning.
Good morning folks, looks like 1.0920 was broken through, so that forecast has been invalidated. However, I still see us going back through 1.0900 and possibly even higher from this moment and into noon.
  • #151,052
  • May 9, 2017 8:35am May 9, 2017 8:35am
Quoting traderguy7
{quote} Good morning folks, looks like 1.0920 was broken through, so that forecast has been invalidated. However, I still see us going back through 1.0900 and possibly even higher from this moment and into noon.
You are in the wrong thread
  • #151,053
  • May 9, 2017 8:47am May 9, 2017 8:47am
Quoting Pharm0r
{quote} You are in the wrong thread
Apologies, Pharm0r (farmer?). I didn't know you were the owner and the boss of this thread. While I cannot guarantee that I will refrain from posting my views, I will, however, keep a very close eye on your forecasts and predictions and see how many of them are correct.
  • #151,054
  • May 9, 2017 8:49am May 9, 2017 8:49am
Personally I am watching for a D close over 950. 970 seems logical. And a following D close back under 950. 880 is logical there. Doubt today is that day. It's just what I'm watching for in general.
I tested waters with a (rather late) penny ante short on 945, stop at 1045 and took most of that off to pay for stops when we reached 885, so zero risk there atm. Wait and watch. Without the closes I mentioned, worst case is breakeven above yesterday's high, best case is enough profit for a medium snow cone.
  • #151,055
  • May 9, 2017 8:54am May 9, 2017 8:54am
Quoting traderguy7
{quote} Good morning folks, looks like 1.0920 was broken through, so that forecast has been invalidated. However, I still see us going back through 1.0900 and possibly even higher from this moment and into noon.
Just as forecasted, we are now approaching 1.0900 again. I expect price to go even slightly above this.
  • #151,056
  • May 9, 2017 9:01am May 9, 2017 9:01am
Quoting traderguy7
{quote} Apologies, Pharm0r (farmer?). I didn't know you were the owner and the boss of this thread. While I cannot guarantee that I will refrain from posting my views, I will, however, keep a very close eye on your forecasts and predictions and see how many of them are correct.
Thats kind of missing the whole point imho. And why you might be getting a reaction here and there. But whatever. Public forum and all. I'd just say there's a lot to learn from some really smart and open, experienced market perspectives here. Dont miss out on that. My 2cents.
  • #151,057
  • May 9, 2017 9:05am May 9, 2017 9:05am
Quoting goosebone
{quote} Thats kind of missing the whole point imho. And why you might be getting a reaction here and there. But whatever. Public forum and all. I'd just say there's a lot to learn from some really smart and open, experienced market perspectives here. Dont miss out on that. My 2cents.
Hi goosebone,

I do not disagree with you. I will try to refrain from calling any short term forecasts anymore and will try to listen to as much advice coming from you both. I will subscribe to the both of you.

Thanks.
traderguy7
  • #151,058
  • May 9, 2017 9:19am May 9, 2017 9:19am
Quoting traderguy7
{quote} Hi goosebone, I do not disagree with you. I will try to refrain from calling any short term forecasts anymore and will try to listen to as much advice coming from you both. I will subscribe to the both of you. Thanks. traderguy7
Lol, only 'advice' I meant to give was that there are many here to learn from. Not at all that I am one of them.
I agree though that the very short term calls are mostly irrelevant to topics here but like I said, public forum. Good luck.
  • #151,059
  • May 9, 2017 9:33am May 9, 2017 9:33am
Quoting goosebone
{quote} Lol, only 'advice' I meant to give was that there are many here to learn from. Not at all that I am one of them. I agree though that the very short term calls are mostly irrelevant to topics here but like I said, public forum. Good luck.
Enjoy the fame, you have made another fan
  • #151,060
  • May 9, 2017 9:34am May 9, 2017 9:34am
Just a thought to share!
Following the recent G20 meeting (few days ago), Kuroda made a (very) positive comment on the health of Japan economy. Also we know that DJT pushes for a weak US$. I can imagine that Central Banks have coordinated again their decisions to accommodate DJT. On the other hand, DJT will stop threatening the world by his protectionism policies.
In this scenario, the FED won't hike in June, ECB will make an end to QE as well as Japan. So until June FED meeting, UDX is up (Gator scenario).
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