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The Really Useless Thread

  • #151,061
  • Edited 10:59am May 9, 2017 9:53am | Edited 10:59am
I guess I am thinking EU needs a reason not to be at 1.061x by FED, ECB time. @hoom was saying, it might get down there due to tweets, etc. but that ECB expectations should make the path of least resistance up near current levels or higher.
I lean more towards 1.061x unless tweets, etc. Since dollar is in rates mode I think that path leads to 1.061x first week June at the moment.

(not a forecast or prediction)
  • #151,062
  • May 9, 2017 11:14am May 9, 2017 11:14am
Quoting sisse
...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
Nice trading Sisse
Am I right thinking you were placing trades Sunday night? With a glass of wine perhaps?

Edit: Normally I imagine Sisse being driven to work in his Bentley with pin striped suit, a copy of the times under his arm and his bowler hat! But now I think he must be sitting behind his large oak desk with his white cat, quaffing a large class of Chateuneuf du Pape (vintage 1979)
used to be undecided but nowadays can't make my mind up
  • #151,063
  • May 9, 2017 12:00pm May 9, 2017 12:00pm
schaeuble: Normalization of ecb policy to start shortly.
used to be undecided but nowadays can't make my mind up
  • #151,064
  • May 9, 2017 12:05pm May 9, 2017 12:05pm
"Emergency Alert" Declared At Hanford Nuclear Facility In Washington, Evacuation Ordered
The U.S. Department of Energy activated the Emergency Operations Center Tuesday due to a tunnel collapse at the Hanford nuclear site.

I'm turning into news service
used to be undecided but nowadays can't make my mind up
  • #151,065
  • May 9, 2017 2:46pm May 9, 2017 2:46pm
"We are ready to turn to ashes any available strategic assets of the US" North Korean Ambassador
Algos go crazy buying JPY

That's all the news from me today, good evening/afternoon/morning to y'all
used to be undecided but nowadays can't make my mind up
  • #151,066
  • May 9, 2017 2:58pm May 9, 2017 2:58pm
Quoting Pharm0r
UJ still looks like a large bull flag on the weekly...Dollar is still a buy and risk has faded I'm skeptical of buying it based on Trump's past tweets concerning North Korea.....I'd rather short it if I caught a Trump tweet in time, as it's shown to be the obvious "Trump risk tweet go-to"
well that didnt take long
  • #151,067
  • May 9, 2017 3:20pm May 9, 2017 3:20pm
Quoting Pharm0r
{quote} well that didnt take long
What? He f*cked up again?
  • #151,068
  • May 9, 2017 3:21pm May 9, 2017 3:21pm
Quoting ExForX
{quote} What? He f*cked up again?
North Korea poking Trump
  • #151,069
  • May 9, 2017 3:45pm May 9, 2017 3:45pm
Quoting Pharm0r
{quote} North Korea poking Trump
Must be the haircut.
  • #151,070
  • May 9, 2017 3:52pm May 9, 2017 3:52pm
Quoting ohyayfun
So I'm trading with about $2k and 50:1 leverage.
I would like to find a way to support my current lifestyle (7k monthly would be superb) and then eventually improve it. Is this a dream that I should give up on?
- - Now I'm down to being broke in about 2 months unless I try and restart the old grind,
I've been trading for soon 10 years. My advice, if you don't have a sincere interest for FX and financial markets, do not waste your time trying to get rich fast, find something you love and do it well.

I am not dumb and I am not smart, but I've JUST started to be consistent and its a long and painful journey. What I am trying to say its possible to make 7k each month, but it will be nothing you can do over night. You also should under no circumstance stop your normal job at this point. I make more on my trading than in my normal job, but i still do it. If all this have been just a walk of randomness and my last couple of years have been "luck", I still got a safe work to fall back on.

This is the right way to do it and if you don't want to end up with lots of debt etc, do it the safe way.

My post will probably get deleted, but at least I have tried to help. I do understand your pain and frustration, I have been there.
For me at least i have no regrets going down this road 10 years ago, I've learned so much and for me its not about money anymore (almost true) , its about knowledge.

Anyway i also wanna thank Sisse and his troop of minions. They try and do a good job on teaching.
You should start reading the 7500 pages here

GL & prosper
  • #151,071
  • Edited 5:54pm May 9, 2017 4:03pm | Edited 5:54pm
Bearish daily roll for Euro under 1.088x and a half-hair under last week's low according to my charts. Will be interesting to see what tomorrow brings.
  • #151,072
  • Edited 6:23pm May 9, 2017 6:01pm | Edited 6:23pm
On gold ST - we closed above the low - false break down with extension. I expected the RMT to press it the extreme but with the close I think we will come back to flip + seems NK and USA are adding fuel again. Im gonna try this one to the flip and more if we get a risk-off via NK (ST buy may happen). Its expensive ticket for short term neutral of course so just taking that for the sake of an exercise with small position.
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  • #151,073
  • May 9, 2017 6:38pm May 9, 2017 6:38pm
Nixon (sorry, historical autocorrect) Trump just fired the FBI director while he was investigating the White House in case that means anything to anyone.
  • #151,074
  • May 9, 2017 9:01pm May 9, 2017 9:01pm
Quoting goosebone
Nixon (sorry, historical autocorrect) Trump just fired the FBI director while he was investigating the White House in case that means anything to anyone.
We could use a man like Nixon again in Murica, somebody who could knock some dirty hippie commie heads by gum.
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,075
  • May 9, 2017 9:26pm May 9, 2017 9:26pm
Quoting goosebone
Nixon (sorry, historical autocorrect) Trump just fired the FBI director while he was investigating the White House in case that means anything to anyone.
King of Trussia..
those who can, do. those who cant, talk about those who can
  • #151,076
  • May 9, 2017 9:34pm May 9, 2017 9:34pm
Quoting The Fool
{quote}We could use a man like Nixon again in Murica, somebody who could knock some dirty hippie commie heads by gum.https://www.youtube.com/watch?v=NDTiZoWWvG8
And without him DJT would have been eating that big beautiful piece of chocolate cake all by himself.
All the great (and not so great) things Nixon accomplished faded into the background when Watergate took the attention of the country. That Saturday was the beginning of the end. This Tuesday smells the same.
  • #151,077
  • May 9, 2017 9:35pm May 9, 2017 9:35pm
Quoting The Fool
We could use a man like Nixon again in Murica, somebody who could knock some dirty hippie commie heads by gum.
well at least we have Chris Christie or Rudy or Sheriff Clark to fill that slot.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,078
  • May 10, 2017 1:02am May 10, 2017 1:02am
I know we are stepping into dark times and have to watch everything thats been going on very clossely, but i am still surprises nobody mentioned the Europe Day (Council of Europe on 5th and EU on 9th).

May we all live in peace and make pips.
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  • #151,079
  • May 10, 2017 1:13am May 10, 2017 1:13am
Quoting realfan
I know we are stepping into dark times and have to watch everything thats been going on very clossely, but i am still surprises nobody mentioned the Europe Day (Council of Europe on 5th and EU on 9th). May we all live in peace and make pips. {image}
Well said Realfan
Trade. Learn. Adjust.
  • #151,080
  • May 10, 2017 3:29am May 10, 2017 3:29am
constitutional crisis. totally and majorly bigly. Maybe a good time to nuke NK. Rally round the Commander in Chief, hippies. The ^VIX might even show brief signs of life.

http://www.politico.com/magazine/sto...-crisis-215118
"If The Fool persists in his Folly he will become wise." - William Blake
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