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  • #13,141
  • Sep 15, 2011 9:11am Sep 15, 2011 9:11am
Quoting gatorinla
gold... 1665.40 is indicated... oil... trying to break higher atm....saving Europe puts the u.s. in a recession. from higher oil cost.

can u expand on this plz..i dont have a friggin clue
  • #13,142
  • Sep 15, 2011 9:12am Sep 15, 2011 9:12am
Quoting OldQuant
Europe isn't saved, IMO. Just because the one entity in the world that doesn't use credit risk management will counterparty with zombies still doesn't do much for solvency.

And now, I think, for the first time, the actions of the CB's is going to become an (understandable) center-stage political issue. Fox News is going to be the bellwether of that.
call me a conspiracy theorist, but i'd say msm is in the cbs' back pocket...
  • #13,143
  • Sep 15, 2011 9:16am Sep 15, 2011 9:16am
I don't watch Fox News, since I don't subscribe to their particular form of histrionic. So I have to go to Z H to get my daily dose of crazy. But once in a while, those writers do have some good turn of phrase, which I love.

Case in point: "And when the impact of this latest bailout is phased out, as it eventually will, who will step in for the next much needed heroin shot of unlimited liquidity? Mars? Or, more likely, Uranus."
  • #13,144
  • Sep 15, 2011 9:18am Sep 15, 2011 9:18am
Quoting sisse
Magix. From our conversation yesterday. Here is the custom asymmetrical time chart I was talking yesterday (bar 1 covers the range between the roll and Frankfurt close, the other London open till the roll).

Is exactly the same as your chart with only 2 sessions during the day (I think it may need to add a few more time divisions to make it cover the day properly ...) but Chino session is cut at Frankfurt close to have London as the main decider.

Clearly you can see that London/Europe is the move maker not the other way around. I just add...
Using the I-sessions indi, and superimposing the 2 sessions over the pair, I agree, there is a lot that can be seen other then when the chart is completely naked. The idea behind my individual sessions vs one single candle is that I can look for the targeted areas per session and trade them in direction. NY is missing off the chart, but working the session trading strategy, it is a little easier to see that London as a whole can be traded through the NY/TK sessions leaving no guess work as to where price will go. Trading inside of the London candle as has always been said, market trends for 20% of the time while ranging the other 80%, and tripping the quick charts helps me see where my shorts could go and and idea of what to look for in my longs.

I do keep the EMAs on all charts as they do act as dynamic support/resistance...right now resistance showing the 288 H1, while the H1 200 was my topside target...

We have traded the 200s like clockwork this week. Monday M5, Tuesday M15, Wednesday M30 and of course today's H1...

Ultimate target is the H4 200 as we have cleared down below daily 200 without triggering true through the H4, more of an expanation of how I trade in my thread using the Moving averages....

These are a combination of several things I look for when taking the trades and though it does leave a lot to assumption, the value of targets without having to figure out if I can nut absolutes for reversals. My other charts with the mad indies, thems is my M1 trippers, and using those in combination with the sessions, heatmap and dynamic 200s really gives me enough to watch for and think about when pushing the button...

Always right? Fuck no...but again, for me, it is still about the best "guess".
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,145
  • Sep 15, 2011 9:21am Sep 15, 2011 9:21am
Quoting OldQuant
Europe isn't saved, IMO. Just because the one entity in the world that doesn't use credit risk management will counterparty with zombies still doesn't do much for solvency.

And now, I think, for the first time, the actions of the CB's is going to become an (understandable) center-stage political issue. Fox News is going to be the bellwether of that.
i cant believe you quote one of the 2 adult cartoon channels in your post. (fox and msnbc)... bad mouthing fox here will get the followers (sheep) pissed off. your not gonna be invited to many Christmas parties.
dont tell the sheep this has been going on since 2007.. they will not believe it. they will not believe their futures were stolen already.
whats old will be new again
those who can, do. those who cant, talk about those who can
  • #13,146
  • Sep 15, 2011 9:23am Sep 15, 2011 9:23am
Quoting gatorinla
atm the euro has to make a higher high... or bears come back at/below 3852...3841 3820 even better..............longer term an asprin does not cure the illness. look for a reversal candle formation before 3936
3769 indicated
those who can, do. those who cant, talk about those who can
  • #13,147
  • Sep 15, 2011 9:24am Sep 15, 2011 9:24am
Quoting gatorinla
atm the euro has to make a higher high... or bears come back at/below 3952...3841 3820 even better..............longer term an asprin does not cure the illness. look for a reversal candle formation before 3936
as long as you mean 3852
Don't be a hero. Don't have an ego. Always question yourself
  • #13,148
  • Sep 15, 2011 9:24am Sep 15, 2011 9:24am
Noteable on the Hidden gap Volume indicator as mentioned by KenVen <-RUT bromance (see what I did there?)...

Neat little watch for the London Hourly...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13,149
  • Sep 15, 2011 9:25am Sep 15, 2011 9:25am
Quoting OldQuant
This was exactly what Senator Coburn told him not to do a couple weeks ago. But I guess they figured if the choice was between getting reamed out and losing the European banks, there was no real choice.
I referred to the USD liquidity crisis a couple times over the last couple days, latest last night. I really didn't think the FED would do it. It's a good thing he waited until after the House vote on the ceiling.

Didn't get stopped, but only because of the point picked on the 2-wk roller coaster, and because I was (and...
100% Agree on the first 2 points.

If I may ask, where was your entry area for that position?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #13,150
  • Sep 15, 2011 9:25am Sep 15, 2011 9:25am
Quoting FibbinArchie
call me a conspiracy theorist, but i'd say msm is in the cbs' back pocket...
Sure they are. The freeze out of Ron Paul is the clearest evidence of that. The NYT doesn't hire Austrian, or even Chicago, economists; they hire Krugman.

The msm is part of the Establishment (which is both Republican and Democrat): statist, corporatist interests. The problem is that the ascendant wings of the parties are not. There's (a) a perceived culture war going on, and (b) a perceived depr/rec-ession going on. Those bring out the isolationist instincts in the public.

Remember, the US would have had a hard time entering WWII, as late as it was, and as clear as it was that it must, had it not been for Pearl Harbor. The isolationism was very strong in the 30's. This FED action can easily be turned to fan that same smoldering flame.
  • #13,151
  • Sep 15, 2011 9:27am Sep 15, 2011 9:27am
Quoting OldQuant
Sure they are. The freeze out of Ron Paul is the clearest evidence of that. The NYT doesn't hire Austrian, or even Chicago, economists; they hire Krugman.

The msm is part of the Establishment (which is both Republican and Democrat): statist, corporatist interests. The problem is that the ascendant wings of the parties are not. There's (a) a perceived culture war going on, and (b) a perceived depr/rec-ession going on. Those bring out the isolationist instincts in the public.

Remember, the US would have had a hard time entering WWII, as...
pearl harbor, bay of tonkin, it all stinks quite frankly..
  • #13,152
  • Sep 15, 2011 9:27am Sep 15, 2011 9:27am
Quoting nAVIN2007
can u expand on this plz..i dont have a friggin clue
all recessions in the u.s. since 1970 were lead by higher oil. it takes 2 years to get high oil out of the system.. this cost remains in all products for years. all products have oil in the cost.
those who can, do. those who cant, talk about those who can
  • #13,153
  • Sep 15, 2011 9:30am Sep 15, 2011 9:30am
Quoting USD-Bear
as long as you mean 3852
yeah sorry fixed
those who can, do. those who cant, talk about those who can
  • #13,154
  • Sep 15, 2011 9:30am Sep 15, 2011 9:30am
been working it....didnt wanna fuk up and post....Sold the second try at the HOD at 38920, 3885, 3878...

Closed at 1.3843....could turn support...regardless...Next area for a SH...the larger 50% fibo...round 1.402-ish
  • #13,155
  • Sep 15, 2011 9:32am Sep 15, 2011 9:32am
Quoting needpips
been working it....didnt wanna fuk up and post....Sold the second try at the HOD at 38920, 3885, 3878...

Closed at 1.3843....could turn support...regardless...Next area for a SH...the larger 50% fibo...round 1.402-ish
that kind of volatility is hard work, well played...
  • #13,156
  • Sep 15, 2011 9:34am Sep 15, 2011 9:34am
Quoting sisse
100% Agree on the first 2 points.

If I may ask, where was your entry area for that position?

sisse
Just under 3730. I had decided I was going to sell the first good penetration and rejection over 37, and give it enough room to withstand the usual bu11sh@t shenanigans, but not all the way to 40. I really didn't figure on this on one, but it ain't over yet.

If I had been smart enough to figure out Ben would likely have to do it, I would have waited and then sold the announcement.
  • #13,157
  • Sep 15, 2011 9:34am Sep 15, 2011 9:34am
Quoting gatorinla
all recessions in the u.s. since 1970 were lead by higher oil. it takes 2 years to get high oil out of the system.. this cost remains in all products for years. all products have oil in the cost.

i get that but how does this news released today effect price of oil?
  • #13,158
  • Sep 15, 2011 9:37am Sep 15, 2011 9:37am
Quoting FibbinArchie
that kind of volatility is hard work, well played...
thx...Ill be straight with ya Fibbin....go look at Cloggs charts....print them and then remmber the abstract quality.....thats the juice. Although this morn was nutz....those concepts were in the second run towards the HOD...after the 2nd attempt failed....I took the trade.....Good RR...plus I had a small S/O (12.6 pips) if I was wrong...Laid the first short....once it didnt gain another HH...I dropped the hammer two more times....
  • #13,159
  • Sep 15, 2011 9:40am Sep 15, 2011 9:40am
Quoting nAVIN2007
i get that but how does this news released today effect price of oil?
i was commenting on the oil spike with the euro at the same moment. oil touched a place that could make it go higher.(longer term). so far its rejected. when i posted, it was tapping on the door.
those who can, do. those who cant, talk about those who can
  • #13,160
  • Sep 15, 2011 9:40am Sep 15, 2011 9:40am
We just backtested the UTL of the 5min Channel...If u have balls of steel...a long at 1.3825 would have been a no brainer...Personally....Im not gonna give the bastards any back...
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