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The Really Useless Thread

  • #12,101
  • Sep 13, 2011 7:24am Sep 13, 2011 7:24am
Quoting FibbinArchie
nice trade btw, dunno about b/e tho' the way it's behaving today...
Yeah...I've been banking as they come for the last 24 hours or so...good for the thickness of the wallet!

My alerts went off because it was a "basket" of trades closing. Finally confirmed why I'm actually awake right now.
  • #12,102
  • Sep 13, 2011 7:26am Sep 13, 2011 7:26am
It's this (I posted it yesterday in reply to Mr Hatch) on the weekly,

Attached Image (click to enlarge)
Click to Enlarge Name: wk1.png Size: 37 KB



It's a fight between the ones trying to make the weekly bounce off of the triange trendline break, and the ones trying to make price break out of the blue consolidation area to the downside.

and here is the effect, zoomed in, on the 30 min chart.

Attached Image (click to enlarge)
Click to Enlarge Name: wk2.png Size: 32 KB



Quoting kenfen69
Holy alarm bells ringing!

Few orders filled and cashed! WTF happened?

Attachment
  • #12,103
  • Sep 13, 2011 7:27am Sep 13, 2011 7:27am
Quoting kenfen69
Yeah...I've been banking as they come for the last 24 hours or so...good for the thickness of the wallet!

My alerts went off because it was a "basket" of trades closing. Finally confirmed why I'm actually awake right now.
that said, been some nice end to end, route one play, especially off the London open...
  • #12,104
  • Sep 13, 2011 7:30am Sep 13, 2011 7:30am
Quoting MissPips
It's this (I posted it yesterday in reply to Mr Hatch) on the weekly,

Attachment


It's a fight between the ones trying to make the weekly bounce off of the triange trendline break, and the ones trying to make price break out of the blue consolidation area to the downside.

and here is the effect, zoomed in, on the 30 min chart.

Attachment
low is also the 61.8 fib fan line taken from last years low to this years high...
  • #12,105
  • Sep 13, 2011 7:36am Sep 13, 2011 7:36am
Quoting FibbinArchie
that said, been some nice end to end, route one play, especially off the London open...
Indeed...pips in either direction, really. Correct MM...and you should be winning.

Sure is bumpy out there, though.
  • #12,106
  • Sep 13, 2011 7:38am Sep 13, 2011 7:38am
Scalped a long for 10+ @3657....still looking for 3730
  • #12,107
  • Sep 13, 2011 7:38am Sep 13, 2011 7:38am
Quoting kenfen69
Indeed...pips in either direction, really. Correct MM...and you should be winning.

Sure is bumpy out there, though.
yeah that's about the size of it, just let your predefined stop get hit and make it back on the next trade...
  • #12,108
  • Sep 13, 2011 7:39am Sep 13, 2011 7:39am
Quoting kenfen69
Hahahaha...

That sounds perfect, mate.

It can move a little quick in here when storms are brewing. A little faster than Redux. if it makes your head spin a little...you're not alone...mine does, too!

There are times when it is nice and quiet as well. Please say hello from time to time. I always love to see what you're up to.

Enjoy your coffee...mine just brewed! Cheers!

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The best thing that can happen to you is to find out where you're wrong.
  • #12,109
  • Sep 13, 2011 7:45am Sep 13, 2011 7:45am
Quoting kenfen69
Hahahaha...

Enjoy your coffee...mine just brewed! Cheers!

Attachment
I need one too before NY with plenty of trades around...something was missing ...thnx for the reminder...

What you got in your chart ken?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,110
  • Sep 13, 2011 7:45am Sep 13, 2011 7:45am
Yeah, lots of major fibs in this area. I have most of my fibs on another chart, otherwise it gets too messy with all the confluence.
Attached Image (click to enlarge)
Click to Enlarge Name: fibs.png Size: 33 KB



Quoting FibbinArchie
low is also the 61.8 fib fan line taken from last years low to this years high...
  • #12,111
  • Sep 13, 2011 7:48am Sep 13, 2011 7:48am
Quoting MissPips
Yeah, lots of major fibs in this area. I have most of my fibs on another chart, otherwise it gets too messing with all the confluence.
Attachment
lol, ain't that the truth, i keep my weekly and monthly fibs on a long term chart. and monitor a short term trigger chart for intraday stuff, otherwise too many horizontal lines become meaningless...
  • #12,112
  • Sep 13, 2011 7:49am Sep 13, 2011 7:49am
Quoting cloggie
Still got mine.

WE'll see. Struggling on the 5 a bit.
Covered, not for a whole lot.


LEt's see if we can take that high back out on this run.
  • #12,113
  • Sep 13, 2011 7:51am Sep 13, 2011 7:51am
Quoting needpips
We hit 3705...I got a mid there........ the upper lip of that mofu sits at 3730
Sorry no idea what a mofu is.

Its going for 3700 again,.. maybe this time may get through , though i would't be buying against a break from that sort of consolidation. Its a fight between Sovereigns and Real money.(there is as expiry of 3800 option today too)
.
  • #12,114
  • Sep 13, 2011 7:54am Sep 13, 2011 7:54am
Quoting nasir.khan
Sorry no idea what a mofu is.

Its going for 3700 again,.. maybe this time may get through , though i would't be buying against a break from that sort of consolidation. Its a fight between Sovereigns and Real money.(there is as expiry of 3800 option today too)
.
3704 will give the goose....lets C how she reacts
  • #12,115
  • Sep 13, 2011 7:57am Sep 13, 2011 7:57am
Quoting cloggie
Covered, not for a whole lot.


LEt's see if we can take that high back out on this run.

The high is holding, let's start getting round 2 in here.
  • #12,116
  • Sep 13, 2011 8:06am Sep 13, 2011 8:06am
Quoting sisse
I need one too before NY with plenty of trades around...something was missing ...thnx for the reminder...

What you got in your chart ken?
Oh, that coffee helps!

I still get the feeling somebody would like a little poke north. There must be sizable stops up there now. Will be watching how 3725-30 reacts, if we make it that high. Above there 3783-93 has my eye, but probably too far for today.

To the south..? Got a headline...and I'll give you a prediction! Obviously just feels heavy. Below the daily low...3520ish and 3493 (yesterday's low), are on my radar.

ADR is yet to be reached. Quickest route to do that is north from here...but who knows? I've played a few good shorts from the higher ranges today. If we get back up there again, I may sit it out until 3720 or so before putting in short. I do expect a pretty solid band around 3730.

That's what I'm watching...and waiting for the next reaction to some rumor, or headline, to light my way.
  • #12,117
  • Sep 13, 2011 8:11am Sep 13, 2011 8:11am
Quoting kenfen69
Oh, that coffee helps!

I still get the feeling somebody would like a little poke north. There must be sizable stops up there now. Will be watching how 3725-30 reacts, if we make it that high. Above there 3783-93 has my eye, but probably too far for today.

To the south..? Got a headline...and I'll give you a prediction! Obviously just feels heavy. Below the daily low...3520ish and 3493 (yesterday's low), are on my radar.

ADR is yet to be reached. Quickest route to do that is north from here...but who knows? I've played...
normal atr (discounting recent wide range days) is pretty much tapped out, (but when does that ever stop it if it's motoring?)

My next major supply zone starts around 790, other than that all I got is DR1 @ 735, plus a cpl of minor S zones and fib extensions...

edit: tell a lie, there's also a big ass fib level @ 770...
  • #12,118
  • Sep 13, 2011 8:12am Sep 13, 2011 8:12am
y do i get the feeling that shorts are being suckered here?
  • #12,119
  • Sep 13, 2011 8:15am Sep 13, 2011 8:15am
Quoting FibbinArchie
normal atr (discounting recent wide range days) is pretty much tapped out, (but when does that ever stop it if it's motoring?)
Indeed...153 high to low so far today. Has moved plenty, but will that stop the bastards? Who knows?

Could go up and down another couple times, top to bottom, just for fun...and for those that missed some the first time...

Attached Image
  • #12,120
  • Sep 13, 2011 8:16am Sep 13, 2011 8:16am
Quoting needpips
y do i get the feeling that shorts are being suckered here?
lack of momentum not confirming conviction behind the move?
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