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The Really Useless System 25 replies

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The Really Really Boring Forex System 97 replies

The Really Useless Thread

Quoting nines
{quote} yup just under 1.26980
Didn't last long... Calling that a night, I'll leave the pending short at 1.30xx
Please don't go.... come on... reply back to this message.....
Quoting NMZee
{quote} I dont know, thats why i am asking "is it because you failed".....see the question! as far as you go. Old saying comes to mind. If it looks like shit, smells like shit and taste like shit then most probably it is shit. And that my friend is you. There wont be anymore replies from me on this topic. Enjoy the remaining of your sad life. Although i doubt it.
hasta Domingo, Mejico.......teman

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
Well all gone now...no technical winner as we failed by a few ticks to be filled. I will give the 'moral' [check] and winner to shorts .

You all more than welcome for the next iteration until we get a winner. Well done all that traded live ...

++++ No wiiner UK Election reaction iteration +++++


Long 1.30xx -> TP 1.330x -> STP 1.290x r:r 1:3

nikolaihel

Jansen

ktoTam

theTrip75

nightpipper7

yofi

yankee1931

Ayrton

a-b


Short 1.30xx -> TP 1.270x -> STP 1.310x r:r 1:3

nines

ceetee

mejo

matkooo2575

shohi92

Elfangor

Fuckinwichu

SorinAQ

Smith John

Hank2002

Paolob

deltaone

atyrau2030

Despekke

kayaker

orangekoala

Chibaya

piratachile

landre

Quoting el_duende
Corbyn doing rather better than expected if the exit poll to be believed. Voter turnout is up in this election and the likely cause is Corbyn has mobilised many young people and students to his cause. May must be bricking it, what a political disaster. There is a slim chance of a Labour/SNP/Lib Dem/Green coallition.
Credit where is due. You were spot on this one....we got hung parliament ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
GBP Rates USD Rates
I wonder why you would hold a snap election when you have a majority, only to risk losing a majority? ... I know this is speculation but surely there must be something that I am missing, my 'House of Cards' brain is telling me that T.May (after such a shit campaign) likely wanted something else from this? who needs CB's when you have these politicians
Quoting sisse
Well all gone now...
in the New World the momentous day of talking at Congress was not so momentous....stock futures are pointing to a bounce Friday and who knows, maybe some fresh ath's? Next week wit da FOMC and the surprise will be no hike. Prolly shit volume and m/l sideways action until next Wednesday. Sideways the new down, btfd on the fd that never comes, so keep some powder dry and hope you live thru the shit, cuz the next fd will be a mofo yo...
"If The Fool persists in his Folly he will become wise." - William Blake
take a break from sideways markets and learn to speak Cockney

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting landre
{quote} Quick update on ecb meeting (I couldn't post earlier). In the statement they only withdraw the terms below actual rate but keep that the qe could continue beyond Decemberb 2017. So they keep withdrawing some terms from the statement but that was less than expected from a hawkish point of view. The market reaction was very tiny in a 80 pips range showing that it was not a big surprise for market. We didn't reach any one of the levels. We stay in the short term range 1.12-1.128 Next ecb meeting on July but next meeting with revision of all...
To finish about ecb meeting it confirms that we can't expect much from ecb before September. Like the last month inflation numbers will be followed and should be a market mover.
So basically long term euro is on buy side. Mid term soft buy waiting for a confirmation of inflation. Short term I am more on soft sell we have fed next week that could bring some momentum.
Hike is a done deal but the third hike is not priced by the markets. But I don't know what to think about Comey testimony yesterday. What's your opinion guys? What market impact this could have?

landre
Quoting nines
I wonder why you would hold a snap election when you have a majority, only to risk losing a majority? ... I know this is speculation but surely there must be something that I am missing, my 'House of Cards' brain is telling me that T.May (after such a shit campaign) likely wanted something else from this? who needs CB's when you have these politicians
Back in April, Theresa May had a 20 point lead over Labour in some polls. In a purely self-serving way, it made sense for her to capitalise on this lead and secure a 5-year term with a much bigger majority.

Going forward, though, it will be a shock for her not to reach a confidence and supply arrangement with the DUP.

There are 650 seats up for grabs in this election, meaning 326 are needed for any party to have an overall majority. Though the actual number of seats to consider, as things stand, is 643, given that Sinn Fein, winners of 7 seats in Northern Ireland, will continue to abstain from Parliament. Therefore, with the Conservatives looking set to pick up 319 seats by the time all the results are in, plus the 10 seats of support from the DUP, will take them beyond the 322 seats needed to pass key legislation. But it will be very messy for her trying to govern, as she will have to pacify both wings of her party - the hard and the softer Brexit factions.
Quoting landre
we have fed next week that could bring some momentum. Hike is a done deal but the third hike is not priced by the markets. But I don't know what to think about Comey testimony yesterday. What's your opinion guys? What market impact this could have? landre
nothing is settled and investigations underway will be going on for months, CB's remain dovish & even if the Fed pops another 25 bps ffr hike next week, big whoop, they're on a glacial pace to rate normalization - 2-3 x 25 bps a year wow. CB's been looking for govt's to step up and enact fiscal policies to get things growing beyond moribund 2% GDP and that dog won't hunt, either. Trump govt can get nothing done because Trump drama. That not likely to change. So I am looking at those dark clouds over there in the ME, and over the Sea of Japan.....
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting gammase1
{quote} Back in April, Theresa May had a 20 point lead over Labour in some polls.
What changed?
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
{quote}What changed?
Focus groups told Conservatives that Theresa May was perceived as their biggest strength (strong, stable, capable etc). Many traditional Labour voters, some of whom are quite tribal by nature, didn't feel comfortable supporting the Tories but felt at ease saying that they like Theresa May and will vote for her. This led the Conservatives to gamble and base pretty much the entire campaign around her, with many big hitters from the party instructed to take a back seat.

It was all going well until she announced a very unpopular policy in her manifesto (the "dementia tax") and then did an embarrassing u-turn on this proposal, which was managed in an appallingly bad way. This severely dented her claim to be "strong and stable". Also, she was found lacking when off-scripted or unexpected questions were posed to her, struggling to provide anything other than much-repeated platitudes. And her decision not to participate in the leaders' debate was an unpopular one.

Whilst not a fan of Corbyn, he deserves a great deal of credit for delivering a strong manifesto and he was positive and energised in the latter stages of the campaign, gaining from the growing disillusionment with Theresa May.
Quoting gammase1
It was all going well until
yes thanks I am dozing off listening to the folks at the BBC talking endlessly about it. None have I heard yet say Donald Trump's unpopularity in Europe has not helped the Conservative cause....
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting gammase1
But it will be very messy for her trying to govern
tear the roof off the sucka

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting Angelina
{quote} Thank you for the answer! you got it right for the support level at 1196 area, it gave 40 pips bounced back there. I missed this I had a short order @ 1281 for 1205 target but it did not go up there. I think there will be a short term trade set up on Friday for another short entry, I hope that I would break 1190 level today and come back to retest 1240-50 level around London session then move down further to 1090-1110 either on end of Friday or early next week. How do you think buddy?
i am changing my window for a pending Long to 1109/1125. for 1316 or further. beyond that the month may have support 1050/1075.
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} 1197 is normal, but my stops would have to be 72/111 pips... so i will pass to possibly get a better shot.. with 1099 its 100 less pips drawdown to be wrong. so my loss may be 11 or so pips @ -1089. but if it climbs back to 1197 its about 10X my risk.. its a way to compound a trade w/o risking more $. an equal size $ risk at either spot. plus lets say 1316 happens that's about 21X my risk. at that point i may be looking for 1.14659+ (or an additional 15X more or 36X original).. 1316 i assume will happen at some point..
edit... 1089 to 1109
i am changing my window for a pending Long to 1109/1125. for 1316 or further. beyond that the month may have support 1050/1075. no need for me to chase 1316 with a red trade. i will close below 1108..
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} i am changing my window for a pending Long to 1109/1125. for 1316 or further. beyond that the month may have support 1050/1075.
I see you are rarely posting your trade related comments. Anything happened?
You cannot learn better without losing
What will she be like in "Brexit" negotiations.
Will she screw that up as well
I understand that they did not even test the likely reaction of the manifesto before it was released
Quoting Fader123
What will she be like in "Brexit" negotiations. Will she screw that up as well I understand that they did not even test the likely reaction of the manifesto before it was released
To do anything she will seek for parliamentary mandate and you know her party doesn't have the majority so it will be a mess
You cannot learn better without losing
Quoting gatorinla
{quote} edit... 1089 to 1109 i am changing my window for a pending Long to 1109/1125. for 1316 or further. beyond that the month may have support 1050/1075. no need for me to chase 1316 with a red trade. i will close below 1108..
here at 1190 atm.. it's not important for me.. if the small trend is down.. this 1190 area could be R for small tf scalper.. to consider if their idi's agree.. i still wait to Long and may still miss it.. for 1316.. the norm window for me is 1197/1109.. but i will still wait for 1125/1109 and this limits my pip loss to 16 ish or less
those who can, do. those who cant, talk about those who can
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