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The Really Useless Thread

  • #521
  • Aug 22, 2011 10:19am Aug 22, 2011 10:19am
Quoting cloggie
Not enough to buy, 4280 is back in my sights, got a minor at 42 on the way.
Right, bottomed could be bounce or heavy continuation in this situation. I'ts heading for 55-50 right now. I hoped to make it up to 90 to add some more but it didn't.
  • #522
  • Aug 22, 2011 10:21am Aug 22, 2011 10:21am
Have 50 as well.
  • #523
  • Aug 22, 2011 10:21am Aug 22, 2011 10:21am
Quoting attila
Right, bottomed could be bounce or heavy continuation in this situation. I'ts heading for 55-50 right now. I hoped to make it up to 90 to add some more but it didn't.

It's leaving without me so far, I covered at 75 earlier (as posted here), I'll wait till LC to see if I want to jump on this train or not, not looking very promising here mid-fix.
  • #524
  • Aug 22, 2011 10:21am Aug 22, 2011 10:21am
Quoting cloggie
Not enough to buy, 4280 is back in my sights, got a minor at 42 on the way.
Agree Cloggie. 1.428x is opening in H4 and below. I have a even deeper 1.414x but with daily confirmation today so still plenty of time for both confirmations (H4 and daily).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #525
  • Aug 22, 2011 10:22am Aug 22, 2011 10:22am
Quoting attila
Right, bottomed could be bounce or heavy continuation in this situation. I'ts heading for 55-50 right now. I hoped to make it up to 90 to add some more but it didn't.
I read somewhere the market falls 7x faster than it climbs.....aint gravity a bitch
  • #526
  • Aug 22, 2011 10:22am Aug 22, 2011 10:22am
Quoting sisse
Agree Cloggie. 1.428x is opening in H4 and below. I have a even deeper 1.414x but with daily confirmation today so still plenty of time for both confirmations (H4 and daily).

sisse

I still got my infamous 4162 below there, only been going on about it for weeks......Loads of tradeable pips in both directions till then though, not going to position trade with the mess we are in now, chartwise. This must really drive daily chart traders up a wall......
  • #527
  • Aug 22, 2011 10:23am Aug 22, 2011 10:23am
Quoting cloggie
It's leaving without me so far, I covered at 75 earlier (as posted here), I'll wait till LC to see if I want to jump on this train or not, not looking very promising here mid-fix.
55 could mean long. we'll see.
  • #528
  • Aug 22, 2011 10:23am Aug 22, 2011 10:23am
Quoting cloggie
Yup, throw enough sh!t on the wall and something is bout to stick, not really a strategy though is it???
  • #529
  • Aug 22, 2011 10:24am Aug 22, 2011 10:24am
Quoting attila
55 could mean long. we'll see.

I didn't like that pierce down at all from 75, so I ignored it.
  • #530
  • Aug 22, 2011 10:24am Aug 22, 2011 10:24am
Quoting needpips
I read somewhere the market falls 7x faster than it climbs.....aint gravity a bitch
Actually I ran some numbers on H4 candles longer than 60 pips. It's pretty much split in half, for e/u at least...
  • #531
  • Aug 22, 2011 10:25am Aug 22, 2011 10:25am
Quoting cloggie
I still got my infamous 4162 below there, only been going on about it for weeks......Loads of tradeable pips in both directions till then though, not going to position trade with the mess we are in now, chartwise. This must really drive daily chart traders up a wall......
Yeap. Range intact pre QE3 or whatever they call it in the Jackson Hole/ FED soup opera.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #532
  • Aug 22, 2011 10:27am Aug 22, 2011 10:27am
Quoting cloggie
I didn't like that pierce down at all from 75, so I ignored it.

And rightfully so. Cloggie covered his shorts at a place that made sense.....as always.....

I left about 7 pips on the table on that short run, just not acceptable....had to do with 47 pips, instead of 54.....



On that bombshell, I am going to have a break, no point staring at charts that are going nowhere......


l8r
  • #533
  • Aug 22, 2011 10:28am Aug 22, 2011 10:28am
bbl, gl, PTL....
Look Sharp/Trade Tight
  • #534
  • Aug 22, 2011 10:40am Aug 22, 2011 10:40am
Quoting darimik
I have a runner on that one. I would like to see equities in the red..
getting close there.. I want 1105 short term again ..
  • #535
  • Aug 22, 2011 10:44am Aug 22, 2011 10:44am
ok bought some 75 XOM calls....looking for 79....hehe
  • #536
  • Aug 22, 2011 10:47am Aug 22, 2011 10:47am
Quoting darimik
getting close there.. I want 1105 short term again ..
Mate, I disagree with you in that one. 1112.xx is key and fresh daily S and if broken will open Pandora's box again. I am looking to fade the intraday test on S 1118.xx in the afternoon US session. In my books, the low of day was set on the globex low.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #537
  • Aug 22, 2011 10:57am Aug 22, 2011 10:57am
Quoting cloggie
I am going to have a break, no point staring at charts that are going nowhere......

Cloggie does know how and when to plan his breaks......

Ah well, nothing to see.....




l8r.
  • #538
  • Aug 22, 2011 11:58am Aug 22, 2011 11:58am
yesterdays mid mofu tested again...
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 18 KB
Look Sharp/Trade Tight
  • #539
  • Aug 22, 2011 12:16pm Aug 22, 2011 12:16pm
Quoting PayTheLimit
yesterdays mid mofu tested again...
I actually pulled a long at 80...prob not so good
  • #540
  • Aug 22, 2011 12:26pm Aug 22, 2011 12:26pm
Quoting needpips
I actually pulled a long at 80...prob not so good
Not the best idea.... To close to supply. Then again as rangy as this pa is, won't be to hard to get out of.
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