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The Really Useless Thread

  • #5,021
  • Aug 30, 2011 1:54am Aug 30, 2011 1:54am
Trying a long @ 1.4485

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #5,022
  • Aug 30, 2011 1:56am Aug 30, 2011 1:56am
Quoting USD-Bear
Trying a long @ 1.4485
same trade different reason..., I was looking for lower, but I took a cheap one anyway..
Look Sharp/Trade Tight
  • #5,023
  • Aug 30, 2011 2:03am Aug 30, 2011 2:03am
Quoting Piters
I agree mate, my 1h and 4h are ready for some action, only 15min is ready for some PB, probably testing DPP with LO.. anyway.. looks like we go down today..

GL..
It seems that way...

On the upside there are some levels which were not tested...for example..1.4608 but its not neccessary to have a test.

For example weekly 1.01xx level may years back!

If you look at the weekly chart ...from 1.2870 to 1.4940... then look at from 1.1632 to 1.6045. It seems what we have now is the MINI REPLICA from the past.

Cheers.

Raza
Markets are not Random, they are designed!
  • #5,024
  • Aug 30, 2011 2:04am Aug 30, 2011 2:04am
Quoting USD-Bear
Trying a long @ 1.4485

Attachment
took 22 @ 1.4507
Don't be a hero. Don't have an ego. Always question yourself
  • #5,025
  • Aug 30, 2011 2:08am Aug 30, 2011 2:08am
bear, I'm moving my stop up, if london gives up the open, a test of lows/new lows might be in the works...
Look Sharp/Trade Tight
  • #5,026
  • Aug 30, 2011 2:08am Aug 30, 2011 2:08am
Quoting USD-Bear
took 22 @ 1.4507
nice scalp brother..
Look Sharp/Trade Tight
  • #5,027
  • Aug 30, 2011 2:11am Aug 30, 2011 2:11am
Quoting Piters
I agree mate, my 1h and 4h are ready for some action, only 15min is ready for some PB, probably testing DPP with LO.. anyway.. looks like we go down today..

GL..
Morning...

Yeap, euro starting to look very tired to the top side. Monthly highs are marginally open until tomorrow (monthly close) and if 1.456x is not tested, daily is cracking the door to 1.437x (very close for a daily target but the range is v compress) and the bottom of the range 1.418x with the right FA. Intraday. last break up point hasn't been tested since Friday and 1.445x is wide open for today.

FA-wise a key development yesterday in the ECB with dovish Trichet just before he leaves office. If debt couldn't trigger yet a downtrend, a dovish ECB with potential political problems in Germany could do the trick. "could" only because US QE3 soup opera is not cleared yet until next NFP and FED meeting..... Powerful contradictory FA pushing from both sides so the daily range is guarantee for a few more weeks.

GL all

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #5,028
  • Aug 30, 2011 2:13am Aug 30, 2011 2:13am
Quoting PayTheLimit
nice scalp brother..
Thanks PTL, still see USDX wanting 73.50 but have to go for few hours and PP looked nice for such a short run
Don't be a hero. Don't have an ego. Always question yourself
  • #5,029
  • Aug 30, 2011 2:13am Aug 30, 2011 2:13am
they gave up the open, I'm out..
Look Sharp/Trade Tight
  • #5,030
  • Aug 30, 2011 2:15am Aug 30, 2011 2:15am
Quoting USD-Bear
Thanks PTL, still see USDX wanting 73.50 but have to go for few hours and PP looked nice for such a short run
nice work bro, I was looking for more, talk later...
Look Sharp/Trade Tight
  • #5,031
  • Aug 30, 2011 2:15am Aug 30, 2011 2:15am
Quoting sisse
Morning...

Yeap, euro starting to look very tired to the top side. Monthly highs are marginally open until tomorrow (monthly close) and if 1.456x is not tested, daily is cracking the door to 1.437x (very close for a daily target but the range is v compress) and the bottom of the range 1.418x with the right FA. Intraday. last break up point hasn't been tested since Friday and 1.445x is wide open for today.

FA-wise a key development yesterday in the ECB with dovish Trichet just before he leaves office. If debt couldn't trigger yet a downtrend,...
apart of the oscillators pointing for some de-compression, even from TA point Im looking of this.. as a next confirmation on intraday trend change..

horly close below 4490, and 4h close below 4470.. with possible nice 4h correction..

[Chart]
Attached Image
  • #5,032
  • Aug 30, 2011 2:17am Aug 30, 2011 2:17am
closed 4484 lol
  • #5,033
  • Aug 30, 2011 2:18am Aug 30, 2011 2:18am
Quoting fxjawn
closed 4484 lol
nice play bro...well done..
Look Sharp/Trade Tight
  • #5,034
  • Aug 30, 2011 2:19am Aug 30, 2011 2:19am
Quoting PayTheLimit
nice play bro...well done..
thanks bro...

i had to ride out that retest of 07 lol
  • #5,035
  • Aug 30, 2011 2:21am Aug 30, 2011 2:21am
rightly or wrongly with out a decent hourly close under 4462ish, I'm going to remain bullish...
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 16 KB
Look Sharp/Trade Tight
  • #5,036
  • Aug 30, 2011 2:25am Aug 30, 2011 2:25am
Quoting Piters
apart of the oscillators pointing for some de-compression, even from TA point Im looking of this.. as a next confirmation on intraday trend change..

horly close below 4490, and 4h close below 4470.. with possible nice 4h correction..

[Chart]
I see that 1.447x in H1 but I am a bit more inclined to the last break out point 1.444x. For a new wave down, daily will be a lot easier to recognize with a rejection of daily swing on the close so not in a hurry for a deeper move.

Intraday Frankfurt open made the entry in my case but is already testing weak H4 S so party is half over this morning and without reports time is ticking very fast for a choppy session after the London opening range is done...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #5,037
  • Aug 30, 2011 2:25am Aug 30, 2011 2:25am
Quoting PayTheLimit
rightly or wrongly with out a decent hourly close under 4462ish, I'm going to remain bullish...
looks like she will hold... i have 1 laid in so far
  • #5,038
  • Aug 30, 2011 2:29am Aug 30, 2011 2:29am
Quoting fxjawn
looks like she will hold... i have 1 laid in so far
I looking for a spike through the frankie low..but london is acting sheepish down there...
Look Sharp/Trade Tight
  • #5,039
  • Aug 30, 2011 2:34am Aug 30, 2011 2:34am
not another crap session...
Look Sharp/Trade Tight
  • #5,040
  • Aug 30, 2011 2:37am Aug 30, 2011 2:37am
Quoting PayTheLimit
not another crap session...
about time
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