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The Really Useless Thread

  • #12,221
  • Sep 13, 2011 11:57am Sep 13, 2011 11:57am
Quoting needpips
long 37...TSL
Did you just buy supply?
  • #12,222
  • Sep 13, 2011 11:57am Sep 13, 2011 11:57am
Quoting Venice
Did you just buy supply?

I am eyeballing 3732 if this gets going. There will be some nice thinly defended stops up here somewhere.
  • #12,223
  • Sep 13, 2011 11:59am Sep 13, 2011 11:59am
Quoting cloggie
I am eyeballing 3732 if this gets going. There will be some nice thinly defended stops up here somewhere.
Agreed, would like to see this top popped, not my setup yet though.
  • #12,224
  • Sep 13, 2011 12:01pm Sep 13, 2011 12:01pm
Quoting cloggie
I am eyeballing 3732 if this gets going. There will be some nice thinly defended stops up here somewhere.
dr1 pivot is at 36, seems like the obvious spot, or rather just past...
  • #12,225
  • Sep 13, 2011 12:03pm Sep 13, 2011 12:03pm
Quoting Venice
Definitely not very impressed with the H4 right now. Last bar did get a close above 3687... Current H4 gave us our retrace and retest... Up, up and away I guess.

Would be nice to pop these highs again.
Agree Venice. Consolidation confirmed and reconfirmed on H4. Fading the top of that range was the only setup I got for shorts but without that risk FA trigger it couldn't even break the daily roll.

1.380x wide open for the retrace but to be honest, bulls incapacity to properly reject weekly lows in 3 attempts (h4) already on Tuesday is a signal of weakness and that all profit taking hasn't taken place yet since the breakout last Thursday ...

Market is not going to be clear of doubts until the last Greek developments are cleared (not the structural problems but the rumors/certainty? of default this week and Merkel-Sarkozy announcment, French downgrades, bla bla bla)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,226
  • Sep 13, 2011 12:03pm Sep 13, 2011 12:03pm
Quoting Venice
Did you just buy supply?
...yep...then sold it for 15....Now SH at 16
  • #12,227
  • Sep 13, 2011 12:04pm Sep 13, 2011 12:04pm
Quoting cloggie
I am eyeballing 3732 if this gets going. There will be some nice thinly defended stops up here somewhere.
Heard of stops between 720-25 and offers just below.

Edit: Those just got eaten.
.
  • #12,228
  • Sep 13, 2011 12:05pm Sep 13, 2011 12:05pm
Maybe, maybe it'll get there 300 years later. Reversal possible...
Quoting attila
I have 3750 on the long side if it decides to do something, anything.
  • #12,229
  • Sep 13, 2011 12:06pm Sep 13, 2011 12:06pm
Quoting cloggie
I am eyeballing 3732 if this gets going. There will be some nice thinly defended stops up here somewhere.

Ah well, a pip out, and here is ukdaytrader again posting that I never post any meaningful levels.

P1ss off @rsewipe.
  • #12,230
  • Sep 13, 2011 12:08pm Sep 13, 2011 12:08pm
Quoting Driver55
I'm looking (as TP) @ area 3715-44
I think that 3751 is the right target for this swing and even my TP
The best thing that can happen to you is to find out where you're wrong.
  • #12,231
  • Sep 13, 2011 12:10pm Sep 13, 2011 12:10pm
These "Russian" rumors are interesting. Coming one day after the Chinese. Either that shows the shelf life of Savior rumors is decaying fast, or the ECB isn't managing their disinformation properly.

I use a "high school study hall" model for CB rumor propagation. I don't know if the even have such any more, but study hall in high school was where they'd plop everybody down in a big room for an hour with no formal lectures, and then the faculty monitor would try to keep a little order. The kids were like markets; they'd figure out the weak or ineffective faculty right off, and go about their business of screwing around however they wanted. So, when things really got out of hand, they bring in the biggest, baddest Phys Ed guy or some coach to put a lid on it for a couple days.

The problem the CB's is there's only about 20. Most are like the kindly old English teacher and the kids have figured out the patterns and bluffs of the tougher ones. So the newer ones have to be used sparingly. The CB rumor burn rate, right now, seems too high.
  • #12,232
  • Sep 13, 2011 12:14pm Sep 13, 2011 12:14pm
the 13:04 candle looks like a suka candle..
  • #12,233
  • Sep 13, 2011 12:14pm Sep 13, 2011 12:14pm
Quoting Driver55
I think that 3751 is the right target for this swing and even my TP

Above here I have 3756, but it needs a bit of a retrace here first of 32. Now that my last week's target of 3577 has been reached and decided I will stay in buying the dip mode for probably another day.
  • #12,234
  • Sep 13, 2011 12:16pm Sep 13, 2011 12:16pm
Quoting cloggie
Above here I have 3756, but it needs a bit of a retrace here first of 32. Now that my last week's target of 3577 has been reached and decided I will stay in buying the dip mode for probably another day.
Im S/O....just a toe dipper
  • #12,235
  • Sep 13, 2011 12:16pm Sep 13, 2011 12:16pm
Quoting OldQuant
These "Russian" rumors are interesting. Coming one day after the Chinese. Either that shows the shelf life of Savior rumors is decaying fast, or the ECB isn't managing their disinformation properly.

I use a "high school study hall" model for CB rumor propagation. I don't know if the even have such any more, but study hall in high school was where they'd plop everybody down in a big room for an hour with no formal lectures, and then the faculty monitor would try to keep a little order. The kids were like markets; they'd figure out the...
Also talk of increasing the EFSF now.

http://www.reuters.com/article/2011/...78C4NL20110913
.
  • #12,236
  • Sep 13, 2011 12:16pm Sep 13, 2011 12:16pm
Swissy... Eyes on .8721... still about 40 pips away.
  • #12,237
  • Sep 13, 2011 12:17pm Sep 13, 2011 12:17pm
3755 in sights. Updated chart

Quoting pipper
Some levels to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
Disclaimer: Check your 1m charts
  • #12,238
  • Sep 13, 2011 12:19pm Sep 13, 2011 12:19pm
Good to see you here Driver55

Quoting Driver55
I think that 3751 is the right target for this swing and even my TP
Disclaimer: Check your 1m charts
  • #12,239
  • Sep 13, 2011 12:21pm Sep 13, 2011 12:21pm
Quoting pipper
Good to see you here Driver55
The best thing that can happen to you is to find out where you're wrong.
  • #12,240
  • Sep 13, 2011 12:24pm Sep 13, 2011 12:24pm
3834 area might be btr for SH...
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