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  • #1,921
  • Aug 24, 2011 12:44am Aug 24, 2011 12:44am
Same chart. Bizarro candles --


http://i56.tinypic.com/1z3auio.png
  • #1,922
  • Aug 24, 2011 12:45am Aug 24, 2011 12:45am
Quoting Turhovach
Morning -

My levels.

Here's my M5. This is spot (so Ken doesn't get more confused than he already is).

M5 shows down. M60 shows down. Daily is in my "what the heck do I do now" zone.

Looks like we're back to scalper mode.

Cross referencing the Loon Hourly...

Exactly whut it says...that it has no friggen idea what to do...

WTF?!???
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,923
  • Aug 24, 2011 12:45am Aug 24, 2011 12:45am
Quoting Raza
Congrats on your USELESS THREAD!

What do you mean by ALGOs? I understand what algorythmic trading means.. but...

What do you mean by your meaning of ALGO on E/U?

S.R
Hi Raza! How are you mate?

The post you quoted from was just a joke, but take a look at the chart in the quote below...
Quoting kenfen69
The M1 has algo ALL over it.

Attachment
Does that look normal to you? Just doesn't look incredibly organic to me. I just think there were very few "human" orders being placed at that point. Algorithms were running the show for a few minutes. Just my opinion.

Few others said a few words about it after the quote if you go back there and read from there. Others may have an opinion, too.

Cheers mate.
  • #1,924
  • Aug 24, 2011 12:49am Aug 24, 2011 12:49am
Quoting Magix
Cross referencing the Loon Hourly...

Exactly whut it says...that it has no friggen idea what to do...

WTF?!???
lol, nice..
Look Sharp/Trade Tight
  • #1,925
  • Aug 24, 2011 12:49am Aug 24, 2011 12:49am
Quoting Turhovach
Same chart. Bizarro candles --

smooth...
Look Sharp/Trade Tight
  • #1,926
  • Aug 24, 2011 12:50am Aug 24, 2011 12:50am
Quoting Turhovach
Morning -

My levels.

Here's my M5. This is spot (so Ken doesn't get more confused than he already is).

M5 shows down. M60 shows down. Daily is in my "what the heck do I do now" zone.

Looks like we're back to scalper mode.
Hey T! Looks great, mate!

Thanks for the clarification...was in a tail spin there for a few minutes!

Morning to you, too!
  • #1,927
  • Aug 24, 2011 12:51am Aug 24, 2011 12:51am
Quoting Turhovach
Same chart. Bizarro candles --
Those bizarros are sweet! Really nicely done!

I could get used to those real quick.
  • #1,928
  • Aug 24, 2011 12:53am Aug 24, 2011 12:53am
Quoting sofia101
How are you Chicky ? finally crossed to our side ,LOL
Thanks Sofia, I am good.

I am always on my side (whatever it means).
The Thief of Wall Street
  • #1,929
  • Aug 24, 2011 12:56am Aug 24, 2011 12:56am
Quoting Magix
Cross referencing the Loon Hourly...

Exactly whut it says...that it has no friggen idea what to do...

WTF?!???
What?

Look at the feckin Zigzag!!! Bi-polar.
  • #1,930
  • Aug 24, 2011 12:57am Aug 24, 2011 12:57am
Quoting Chicky
I am always on my side (whatever it means).
Like this...
  • #1,931
  • Aug 24, 2011 1:02am Aug 24, 2011 1:02am
Here's the part I don't get (aside from the simple fact that I don't get the majority of things that are thrust in front of my face). This strong movement in the EURO as well as the markets in general, especially the US market, is predicated on large part by the perception that Mr. Bernanke will announce a QE3 policy on Friday at Jackson Hole. It would seem that the vast majority of traders are basing their hopes and aspirations on this being a done deal.

Now, call me stupid. C'mon, do it. make my day. But I don't think it's going to happen. And from what I've read, many KNOWLEDGEABLE and INTELLIGENT people don't think it's going to happen either. In fact, one person made what I thought was a very simple, but believable assertion - President Obama is set to give a major speech on jobs and the economy on Labor day, just days after the Jackson Hole soiree'. This person's point was that there was NO way that Mr. Bernanke would upstage the President by announcing something of extraordinary significance days before the president's announcement.

Aside from that, I think it is generally agreed upon that QE2 was no great shakes for the economy. Why would a QE3 be any different? And what about the political climate? I just don't think so. I believe a lot of people are basing their trading on hopes and dreams.

Now, does this mean that I'm ready to short the crap out of the EURO and the US market? Helllll no. Me may be stupid, but not that stupid. So we wait and see, and play chop, chop with Mr. Market...
  • #1,932
  • Aug 24, 2011 1:03am Aug 24, 2011 1:03am
Quoting OldQuant
If the panda's caption is "4150 today" I'll have to just end it all right then and there.

Good evening, Magix.
Oldman, if it gets there, believe me it will be just begining of the long awaited down move. I am preseving all my capital to see break of 1.4000 which is not possible without passing through 1.4150 level. But will it happen today or ever? is a big question. Non of these two currencies (EUR and USD) deserve nothing.

We have a saying:

Hungry fucked hungry, both fainted.
The Thief of Wall Street
  • #1,933
  • Aug 24, 2011 1:11am Aug 24, 2011 1:11am
Quoting Turhovach
Now, does this mean that I'm ready to short the crap out of the EURO and the US market? Helllll no. Me may be stupid, but not that stupid. So we wait and see, and play chop, chop with Mr. Market...
What a chopfest, indeed. Reduced vols through August. Dud on one side of the ocean...dud on the other. Pair seems lost at sea. Roll on Friday and lets see what passes the Bernankian one's lips.

Interesting point about OB's speech. Hmmmmmmmm. Can I go All In yet?

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  • #1,934
  • Aug 24, 2011 1:16am Aug 24, 2011 1:16am
Quoting Turhovach
Here's the part I don't get......... Mr. Market...
........... and here is the part that I don't get: How many times do I have to remind you that it is not He, it is She. Market has tops, bottoms, it goes up and down, moves sideway, wiggles, likes spikes,............... It is Miss Market.
The Thief of Wall Street
  • #1,935
  • Aug 24, 2011 1:20am Aug 24, 2011 1:20am
Quoting kenfen69
Perfect place to run some stops!

Wouldn't be surprised to see some get tripped...then back up and parked around the pivot.

Just trying to think like a bastard.

Quoting kenfen69
What a chopfest, indeed. Reduced vols through August. crybaby on one side of the ocean...crybaby on the other. Pair seems lost at sea.?

Attachment

exactly, similar pattern almost everyday..
  • #1,936
  • Aug 24, 2011 1:20am Aug 24, 2011 1:20am
Quoting Turhovach
And from what I've read, many KNOWLEDGEABLE and INTELLIGENT people don't think it's going to happen either. In fact, one person made what I thought was a very simple, but believable assertion - President Obama is set to give a major speech on jobs and the economy on Labor day, just days after the Jackson Hole soiree'. This person's point was that there was NO way that Mr. Bernanke would upstage the President by announcing something of extraordinary significance days before the president's announcement.

So, we should be buying this shit up and waiting for the Mass Exodus then?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #1,937
  • Aug 24, 2011 1:20am Aug 24, 2011 1:20am
New edition of a timeless classic...

Attached Image (click to enlarge)
Click to Enlarge Name: WheresMuamar.jpg Size: 116 KB
  • #1,938
  • Aug 24, 2011 1:25am Aug 24, 2011 1:25am
Quoting Piters
exactly, similar pattern almost everyday..
They can be a little predictable at times.

Thought it was interesting because Tokyo opened almost right on the pivot...just below, I believe. Once they went below, I held my short for a good while. On days when they open below the pivot, by 30-40 pips, I'm often reluctant to short; just wait for a bottom and make a long play back toward pivot. If I longed, that is.

Morning Piters!
  • #1,939
  • Aug 24, 2011 1:30am Aug 24, 2011 1:30am
Quoting Chicky
........... and here is the part that I don't get: How many times do I have to remind you that it is not He, it is She. Market has tops, bottoms, it goes up and down, moves sideway, wiggles, likes spikes,............... It is Miss Market.
Oh my goodness! What a faux pas I have committed. I'm so sorry. Please forgive me Ms Market. Of course you are right Chicky. Thanks for the reminder. I promise I will never, ever misrepresent Ms market again. Please, please, Ms Market, I beg your forgiveness. Please don't make me have bad trades.
  • #1,940
  • Aug 24, 2011 1:34am Aug 24, 2011 1:34am
Quoting Magix
So, we should be buying this shit up and waiting for the Mass Exodus then?
I guess its so hard to gauge.

If he says no QE3...I'm sure this pair will tank...and gold should sell off, too. Initially. But then what? Is no QE3 going to make everything right as rain in the world again? Things are still grim, grim, grim...and trying to find evidence of things actually improving is VERY hard to...and often no more than "spin" if you do.

Other interesting thing to watch for is "under the radar" QE3. OldQuant was talking about it recently....I'll try and dig something up. But if that happens...and gets exposed...the dollar will undoubtedly suffer, albeit not as much as if he says GO QE3...or QE3 Lite.
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