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The Really Useless Thread

  • #83,001
  • May 3, 2012 6:21am May 3, 2012 6:21am
Quoting FXMastermind
Anyway, short 3180 as planned, 15 pips SL
seeing room up to about 3204ish but let's see...
  • #83,002
  • May 3, 2012 6:22am May 3, 2012 6:22am
Quoting FibbinArchie
well at least you didn't take a hit... plenty more opportunities in the pipe line..
very true...
Quant Hedge Fund CEO
  • #83,003
  • May 3, 2012 6:25am May 3, 2012 6:25am
Quoting FibbinArchie
seeing room up to about 3204ish but let's see...
I agree, 3205 in my books, but looking @the same figures, also eyeing 3220 and 3232, but this is just a scalp and I feel it needs to rest a bit before continuing up. Will take 20 if given.
Quant Hedge Fund CEO
  • #83,004
  • May 3, 2012 6:27am May 3, 2012 6:27am
Quoting FXMastermind
Anyway, short 3180 as planned, 15 pips SL
moving SL to BE+1
Quant Hedge Fund CEO
  • #83,005
  • May 3, 2012 6:30am May 3, 2012 6:30am
i'm sure you understand the anger over austerity mario, on your multi-million pound salary...
  • #83,006
  • May 3, 2012 6:30am May 3, 2012 6:30am
Farting over...
Quant Hedge Fund CEO
  • #83,007
  • May 3, 2012 6:31am May 3, 2012 6:31am
Quoting FibbinArchie
i'm sure you understand the anger over austerity mario, on your multi-million pound salary...
Quant Hedge Fund CEO
  • #83,008
  • May 3, 2012 6:31am May 3, 2012 6:31am
Quoting FXMastermind
I agree, 3205 in my books, but looking @the same figures, also eyeing 3220 and 3232, but this is just a scalp and I feel it needs to rest a bit before continuing up. Will take 20 if given.
either that or straight back to the overnight range..

66 was an inflection level yesterday during early london, let's see..

still 25 mins to hour close and ism..
  • #83,009
  • May 3, 2012 6:35am May 3, 2012 6:35am
Man, the Aussie is getting pummeled. lol
  • #83,010
  • May 3, 2012 6:37am May 3, 2012 6:37am
Quoting kill56
fibby line in the sand 3190 above or below let him finsh farting
adr?

magic trend on the hourly is saying 54 should be support or we've lost momentum in the rally..
  • #83,011
  • May 3, 2012 6:39am May 3, 2012 6:39am
Quoting FXMastermind
Anyway, short 3180 as planned, 15 pips SL
Took 22 although I sense this game might not be over...Whatever, better safe than sorry. Yanks just joined the fun.
Quant Hedge Fund CEO
  • #83,012
  • May 3, 2012 6:43am May 3, 2012 6:43am
Quoting Venice
Man, the Aussie is getting pummeled. lol
1.0262x seems yummy.
  • #83,013
  • May 3, 2012 6:44am May 3, 2012 6:44am
Gold M15:

Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #83,014
  • May 3, 2012 6:45am May 3, 2012 6:45am
bastards got me.
  • #83,015
  • May 3, 2012 6:45am May 3, 2012 6:45am
Quoting Venice
Man, the Aussie is getting pummeled. lol
got a short opened from 3425 Target 0250 or 0200, if we cut through 0250 with ease...SL @3160 now
Quant Hedge Fund CEO
  • #83,016
  • May 3, 2012 6:46am May 3, 2012 6:46am
Quoting Venice
1.0262x seems yummy.
You mean that TL connecting recent lows?
Quant Hedge Fund CEO
  • #83,017
  • May 3, 2012 6:48am May 3, 2012 6:48am
my dpp incidentally is at 73, wicks only so far on m5..
  • #83,018
  • May 3, 2012 6:48am May 3, 2012 6:48am
Quoting pkimnyc
bastards got me.
how bad?
  • #83,019
  • May 3, 2012 6:48am May 3, 2012 6:48am
Quoting FXMastermind
You mean that TL connecting recent lows?
Hmm, H1 demand. Lets see how it plays out... Good work on your short from above. Excellent play out of supply. I missed it It definitely feels like we are hitting the breaks at the moment though... we may have a temp low in place, even if just to go up and find more supply to push it lower.

Edit: Spikes do imply demand consumption.
  • #83,020
  • May 3, 2012 6:49am May 3, 2012 6:49am
Quoting Piters
What I am watching..

1640 is the south gate for gold.. we touched and bounced from here..

1h developing a downtrendline with possible small bullish divergence.. NOW..

if we break that trendline. then we are above 1650 and next possible level would be at 1657.. BUT..

If we turn down, then we get a new , or another test of the low [1640]; then the div is void and probably we are going to open the south gate WIDE..

maybe a smart move is to keep SL just above 1650 ...

[Charts]
new low, div is VOID.. probable next test @ 1631

taking some more of the table here

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