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The Really Useless Thread

  • #11,341
  • Sep 12, 2011 4:56am Sep 12, 2011 4:56am
Quoting cloggie
Now look at your charts and ask yourself why I talked you out of that short....
i am watching i am watching
  • #11,342
  • Sep 12, 2011 4:57am Sep 12, 2011 4:57am
and what does the book say
Quoting egkid
Morning
I'm at work but checking
PA hit first point of my interest 3640
Let's c if PA will do as book says or Not
  • #11,343
  • Sep 12, 2011 4:58am Sep 12, 2011 4:58am
Quoting sisse
What a joke...

It is, and the Greeks are still doing the rounds today on the wires saying how their property tax is going to bring in 2Bn.....

CAC just hit -4% for the day.
  • #11,344
  • Sep 12, 2011 4:58am Sep 12, 2011 4:58am
Quoting hkkhanus
and what does the book say :O
3670, it is just messy to trade. I am only scalping 20-30 pips at a time, counters in the face of this equity selloff are messy and not for the fainthearted.
  • #11,345
  • Sep 12, 2011 5:01am Sep 12, 2011 5:01am
i would look for scalps too for now.. i have the book a bit tilted my end it says 3662 ish .. and 3699, and 3740 above that ofcourse it depends if one breaks it will head for the next
Quoting cloggie
3670, it is just messy to trade. I am only scalping 20-30 pips at a time, counters in the face of this equity selloff are messy and not for the fainthearted.
  • #11,346
  • Sep 12, 2011 5:03am Sep 12, 2011 5:03am
Quoting cloggie
It is, and the Greeks are still doing the rounds today on the wires saying how their property tax is going to bring in 2Bn.....
Ridiculous. Let see if serves as a "reason" for a deeper pullback to reload shorts. H4 confirmed rejection of lows and daily/weekly lows in play. Looking for entry long on the failure to break lows next wave down with US on board.

Still on alert mode on any rumors, downgrades and etc....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,347
  • Sep 12, 2011 5:03am Sep 12, 2011 5:03am
Quoting hkkhanus
i would look for scalps too for now.. i have the book a bit tilted my end it says 3662 ish .. and 3699, and 3740 above that ofcourse it depends if one breaks it will head for the next

There is a short scalp in the making here of 3640. Days like this you'd better be spot on on your entries, duck and dive. Don't go looking more then 30-40 pips ahead for now.
  • #11,348
  • Sep 12, 2011 5:04am Sep 12, 2011 5:04am
Quoting sisse
Ridiculous. Let see if serves as a "reason" for a deeper pullback to reload shorts. H4 confirmed rejection of lows and daily/weekly lows in play. Looking for entry long on the failure to break lows next wave down with US on board.

Still on alert mode on any rumors, downgrades and etc....

sisse

CDS just touched 4,000bps, the FI boys are really driving the agenda here this morning. 1yr touched 109%

Interesting to see what Moody's is going to do today, their 90 day review period expires tonight.
  • #11,349
  • Sep 12, 2011 5:13am Sep 12, 2011 5:13am
Quoting cloggie
CDS just touched 4,000bps, the FI boys are really driving the agenda here this morning. 1yr touched 109%

Interesting to see what Moody's is going to do today, their 90 day review period expires tonight.
The picture is too clear. There is certainly no doubt that Greek default must lead to downgrades on EZ banks. There is no way to avoid that.

Timing wise, and purely based on my personal TA marks on last "downgrades", it will need a deeper pullback and late before the close. 1.380x is the one I have in mind ...plenty of time so we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,350
  • Sep 12, 2011 5:15am Sep 12, 2011 5:15am
Quoting cloggie
There is a short scalp in the making here of 3640.



Countering the counter.
  • #11,351
  • Sep 12, 2011 5:18am Sep 12, 2011 5:18am
Quoting cloggie
There is a short scalp in the making here of 3640.
Quoting cloggie


Countering the counter.
Quoting cloggie
Don't go looking more then 30-40 pips ahead for now.
  • #11,352
  • Sep 12, 2011 5:35am Sep 12, 2011 5:35am
3597 anyone?
  • #11,353
  • Sep 12, 2011 5:36am Sep 12, 2011 5:36am
Quoting hkkhanus
and what does the book say
Book says This
Attached Image (click to enlarge)
Click to Enlarge Name: zz.gif Size: 22 KB
  • #11,354
  • Sep 12, 2011 5:40am Sep 12, 2011 5:40am
Quoting Venice
3597 anyone?
Aiming to 1.357x at least here....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,355
  • Sep 12, 2011 5:41am Sep 12, 2011 5:41am
Quoting egkid
Book says This
Better entry

Attached Image (click to enlarge)
Click to Enlarge Name: 110912_EU_m5.png Size: 33 KB


Wasn't rocket science. Already scaled some out and let the rest do its thing!

Have a great day!
  • #11,356
  • Sep 12, 2011 5:44am Sep 12, 2011 5:44am
Quoting bbakker
Better entry

Attachment

Wasn't rocket science. Already scaled some out and let the rest do its thing!

Have a great day!
Nice
But PA didn't go higher than my point even 1 pip , i just catch it 5 pip late because I'm at work

Quoting egkid
Morning
I'm at work but checking
PA hit first point of my interest 3640
Let's c if PA will do as book says or Not
  • #11,357
  • Sep 12, 2011 5:44am Sep 12, 2011 5:44am
Quoting sisse
Aiming to 1.357x at least here....

sisse


Just proving to be a bump in the road so far. No longs taken off of it yet.

Edit: Wicks are starting to look like demand consumption as well. Going to wait for a close below then may jump on board with.
  • #11,358
  • Sep 12, 2011 5:45am Sep 12, 2011 5:45am
i thought the book said something like this..
heyy hang on it this they both look the same lol
Quoting egkid
Book says This
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 19 KB
  • #11,359
  • Sep 12, 2011 5:46am Sep 12, 2011 5:46am
Quoting Venice
3597 anyone?

Yup, we are still dancing around the same number. Loads of scalps nothing substantial yet.
  • #11,360
  • Sep 12, 2011 5:46am Sep 12, 2011 5:46am
Quoting egkid
Nice
But PA didn't go higher than my point even 1 pip , i just catch it 5 pip late because I'm at work


Have a great day egkid!
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