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The Really Useless Thread

  • #11,441
  • Sep 12, 2011 10:56am Sep 12, 2011 10:56am
i'm gonna puke and shut down.... up down up down up down........

5 min says down, 15 min says up, 1 hr says down.... wtf?
  • #11,442
  • Sep 12, 2011 10:56am Sep 12, 2011 10:56am
Quoting gatorinla
s 3646
last h closed below 3626..next h is also a 4h close to me. lets c if 3643 allows a close below 3626...
those who can, do. those who cant, talk about those who can
  • #11,443
  • Sep 12, 2011 10:59am Sep 12, 2011 10:59am
Quoting pkimnyc
i'm gonna puke and shut down.... up down up down up down........

5 min says down, 15 min says up, 1 hr says down.... wtf?
Fuckem, follow the M1...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #11,444
  • Sep 12, 2011 11:01am Sep 12, 2011 11:01am
Quoting Magix
Fuckem, follow the M1...

any thoughts on this area turning support..tia
  • #11,445
  • Sep 12, 2011 11:02am Sep 12, 2011 11:02am
Quoting Magix
Fuckem, follow the M1...

i feel sick already bro. lol
  • #11,446
  • Sep 12, 2011 11:03am Sep 12, 2011 11:03am
For those who trade stock markets (and for all traders really) key alarms triggered. Both Dax and CAC40 closing day breaking last support (which is the support that was broken during Lehman ....we are talking 1000 points down to next support) and only futures still chopping around support on the mercy of the US that has kept rather indifferent since Friday but 100% guarantee wont hold a European collapse.

This is a v serious signal and even more if confirmed with US close. It opens all recession and panic levels. A downgrade tonight on French banks can do a very nasty damage...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,447
  • Sep 12, 2011 11:06am Sep 12, 2011 11:06am
Quoting gatorinla
last h closed below 3626..next h is also a 4h close to me. lets c if 3643 allows a close below 3626...
better safe then sorry... closed with 9... the h close was above 3626.. i will sell bounce again when we close below 3626.. or look st toppy
those who can, do. those who cant, talk about those who can
  • #11,448
  • Sep 12, 2011 11:07am Sep 12, 2011 11:07am
Quoting gatorinla
better safe then sorry... closed with 9... the h close was above 3626.. i will sell bounce again when we close below 3626..
I feel 38 will be hit, but set a lower TP of 3730....just a MM decision...
  • #11,449
  • Sep 12, 2011 11:08am Sep 12, 2011 11:08am
Quoting needpips
any thoughts on this area turning support..tia
Yeah, we are rubbing around last weeks close and this weeks open, that's exactly what we are looking for, this area to become supportive or the bust for further downside action.

Overall the M5, which I use for my daily defined trading is still set for southside movement and if you consider the fact that neither London nor NY have seen chart bottom, I would say that might be a place to look for better support.

That being said, I would like to see where NY caps the day.

The loon has been strongly rejected at Par, and enough weakness on the USD might mean we get to see a little bit more of a retrace before the next exodus. Check how many zones we have cleared with really no retrace, and on the fundamental side of things...there is nothing really new...it is the same dogshit we seen all summer, it's only now that there is a lot more money to flood the market and move this bitch outside of the tight ranges we have seen for the last 2 months.

2 book zones for refills on support...
Attached Image (click to enlarge)
Click to Enlarge Name: bookz.jpg Size: 224 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #11,450
  • Sep 12, 2011 11:15am Sep 12, 2011 11:15am
Quoting needpips
ok....gotta run some errands....gonna let her run a bit...still looking for more north...who knows....

***Im kinda studying the higher time frames more....a couple of reasons....gaining more patience and also Id like to spend less time in front of this damn computer
The higher time frames trade just like the lower ones. Only thing is, I know on the daily I can wait for almost a week for a bottom to form, then get the retest for a buy opportunity.
  • #11,451
  • Sep 12, 2011 11:17am Sep 12, 2011 11:17am
Quoting Venice
Isn't it fun trend trading... where the only time you are wrong is when the trend actually switches directions. Much nicer then picking bottoms and tops hehe...
Hey Venice, I am canceling all longs setups on the euro for today. TA close on the DAX and CAC40 is not to be ignored and is way too late today with expectations/rumors of banks downgrades in the next few hours.

Tracking closely the euro reaction (on stock selling off in the US or bank downgrades) on weekly lows/h4 to a continuation on panic to 1.329x. Will revaluate the "pending long" move to last breakout point tomorrow (1.380x)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,452
  • Sep 12, 2011 11:19am Sep 12, 2011 11:19am
Quoting sisse
Hey Venice, I am canceling all longs setups on the euro for today. TA close on the DAX and CAC40 is not to be ignored and is way too late today with expectations/rumors of banks downgrades in the next few hours.

Tracking closely the euro reaction (on stock selling off in the US or bank downgrades) on weekly lows/h4 to a continuation on panic to 1.329x. Will revaluate the "pending long" move to last breakout point tomorrow (1.380x)...

sisse
Looks like .. mate... another nice leg..


thnks
  • #11,453
  • Edited 12:39pm Sep 12, 2011 11:22am | Edited 12:39pm
Quoting sisse
Hey Venice, I am canceling all longs setups on the euro for today. TA close on the DAX and CAC40 is not to be ignored and is way too late today with expectations/rumors of banks downgrades in the next few hours.

Tracking closely the euro reaction (on stock selling off in the US or bank downgrades) on weekly lows/h4 to a continuation on panic to 1.329x. Will revaluate the "pending long" move to last breakout point tomorrow (1.380x)...

sisse

I'm definitely in sell the rallies mode atm..., latest entry was s @ 3644.

This thing has been stair stepping all day long today (up and down). Just moving with the flow I have no longer term outlook at the moment (other then overall bias short), but not sure how far south I am looking.

Daily completely ignored some daily demand zones slamming right through 'em.
  • #11,454
  • Sep 12, 2011 11:22am Sep 12, 2011 11:22am
Quoting Piters
another nice leg..
Me thinks them next legs, could look a little like this...

Shitz about to get UGLY...
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #11,455
  • Sep 12, 2011 11:22am Sep 12, 2011 11:22am
Quoting sisse
For those who trade stock markets (and for all traders really) key alarms triggered. Both Dax and CAC40 closing day breaking last support (which is the support that was broken during Lehman ....we are talking 1000 points down to next support) and only futures still chopping around support on the mercy of the US that has kept rather indifferent since Friday but 100% guarantee wont hold a European collapse.

This is a v serious signal and even more if confirmed with US close. It opens all recession and panic levels. A downgrade tonight on French...
It's also September. Not a pretty month, historically..
  • #11,456
  • Sep 12, 2011 11:25am Sep 12, 2011 11:25am
Quoting Magix
Me thinks them next legs, could look a little like this...

Shitz about to get UGLY...
size matters ..

  • #11,457
  • Sep 12, 2011 11:35am Sep 12, 2011 11:35am
Quoting needpips
I feel 38 will be hit, but set a lower TP of 3730....just a MM decision...
i dont feel a thing.. pa indicated this.. #11434... but the close indicated i may get a better price. #11434 is about 80% certain. before a hh
those who can, do. those who cant, talk about those who can
  • #11,458
  • Sep 12, 2011 11:40am Sep 12, 2011 11:40am
eur/chf...
  • #11,459
  • Sep 12, 2011 11:41am Sep 12, 2011 11:41am
Quoting Piters
Looks like .. mate... another nice leg..


thnks
Well it doesn't look ready yet in my charts TA wise alone. A weekly support after a deep move is not an easy one to break on a first attempt. However, FA and related markets are heavily pointing to a panic move. An as you probably know me by now. FA (over)rules any TA move...

In any case, I got 1.329x next level down what do you got to the down side...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,460
  • Sep 12, 2011 11:44am Sep 12, 2011 11:44am
bounce 3583/87 not unexpected. and it may be a 40 pip one.. trigger close to a n bounce. just not there yet
those who can, do. those who cant, talk about those who can
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