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The Really Useless Thread

  • #17,841
  • Sep 26, 2011 5:57am Sep 26, 2011 5:57am
Quoting PayTheLimit
fridays mid...3492....also have a projected zone 3486/3503
thats close enough...I did some buying in the last hour, just pitched them up this way, good enough to call it a day, time for a long break, good luck, PTL...
Look Sharp/Trade Tight
  • #17,842
  • Sep 26, 2011 5:57am Sep 26, 2011 5:57am
triple RSI divergence this obvious is something i watch out for, going to cover my aud short from 1.0390 and may look to short higher or at least scalp a couple longs
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Don't have an ego. Always question yourself and your ability.
  • #17,843
  • Sep 26, 2011 5:58am Sep 26, 2011 5:58am
Quoting PayTheLimit
fridays mid...3492....also have a projected zone 3486/3503
You bastard!
  • #17,844
  • Sep 26, 2011 5:59am Sep 26, 2011 5:59am
...

Daily
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Markets are not Random, they are designed!
  • #17,845
  • Sep 26, 2011 6:02am Sep 26, 2011 6:02am
Quoting hkkhanus
Right, looks like PA behaving.. but still playing it with a very tight SL
Had an overnight Buy order at 3350...just missed...will wait for NY
  • #17,846
  • Sep 26, 2011 6:03am Sep 26, 2011 6:03am
Surprise ECB announcement. Restart covered bond purchases. Daily R wide open now 1.360x ...the intraday continuation move faster than expected....I hope most are riding longs ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #17,847
  • Sep 26, 2011 6:03am Sep 26, 2011 6:03am
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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #17,848
  • Sep 26, 2011 6:04am Sep 26, 2011 6:04am
Quoting chazzle
I like the idea of 475 - 525 on cable
got there without me , missed p/o by 3 pips
  • #17,849
  • Sep 26, 2011 6:07am Sep 26, 2011 6:07am
ok...still testing 3542...gonna break above and become supp this time?
  • #17,850
  • Sep 26, 2011 6:09am Sep 26, 2011 6:09am
Quoting needpips
ok...still testing 3542...gonna break above and become supp this time?
Something to keep in mind..

1.3568 seems like a real resistence..IMO...above that we have 1.3580 ...50% of 1.3798 to 1.3361

and 1.3632 is the level which should had been tested on the way down.....but missed!
Markets are not Random, they are designed!
  • #17,851
  • Sep 26, 2011 6:25am Sep 26, 2011 6:25am
Quoting sisse
Surprise ECB announcement. Restart covered bond purchases. Daily R wide open now 1.360x ...the intraday continuation move faster than expected....I hope most are riding longs ....

sisse
Long some golds and Aussie here, sisse.

Are you riding EU? Nice bounce.
  • #17,852
  • Sep 26, 2011 6:34am Sep 26, 2011 6:34am
Quoting kenfen69
Long some golds and Aussie here, sisse.

Are you riding EU? Nice bounce.
Not gold here. Became too expensive for intraday trading but agree TA intraday longs.

On the euro, wasn't expecting such a momentum at lunch time to ride a swing up so I cleared all (small position) at H4 R (1.350x). Now with the ECB announcement it opened 1.360x but I wasn't prepared for that and now is too late in my charts to jump in again so it seems I will be sidelined in the euro for the next few hours.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #17,853
  • Sep 26, 2011 6:35am Sep 26, 2011 6:35am
3591 last weeks mid...
Look Sharp/Trade Tight
  • #17,854
  • Sep 26, 2011 6:40am Sep 26, 2011 6:40am
Quoting Mr Hatch
This makes me think more and more about the corrective movement here in the euro. The bottom/panic-line wasn't broken decisively and Asia is likely to cover some of their trades today/later on.

BBL, cu tomorrow.
Quoting sisse
Well not in a hurry I guess for that move is better wait for the confirmation on a rejection weekly lows if you want play it, missing the 1st 100 ticks in a +400 wave is nothing,.... CU tomorrow mate.....here looking to the other side 1.331x/1.329x first if roll confirms it....

sisse
Now we have a trigger
  • #17,855
  • Sep 26, 2011 6:50am Sep 26, 2011 6:50am
going short if this bounces. should be somewhere between 1.3550 and 1.3560

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Don't be a hero. Don't have an ego. Always question yourself
  • #17,856
  • Sep 26, 2011 6:51am Sep 26, 2011 6:51am
Quoting Mr Hatch
Now we have a trigger
Yeap mate a good FA. Its a official ECB announcement. However, we still have the one I have been waiting for which is Greek funds confirmed by Germany this week so I will not jump the gun yet on a swing trade.

In any case, so far that ECB FA happened +/-140 ticks below that TA option we had last week.... Let see how it goes. 1.331x / 1.329x is the target for the swing low (daily and weekly trend) and the retrace options in the current wave are 1.360x TA and 1.380x with the Greek FA confirmed trigger...

Plenty of trades and option for this week and next one so ...we have guarantee action whatever the case.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #17,857
  • Sep 26, 2011 6:51am Sep 26, 2011 6:51am
Quoting budak baru
3440 my key point.bull or bear.let see.

bull is bullying bear.
Gold Expedition Return This Year: -16.4%
  • #17,858
  • Sep 26, 2011 7:01am Sep 26, 2011 7:01am
Quoting budak baru
bull is bullying bear.
as for now i got 3534 ress.
Gold Expedition Return This Year: -16.4%
  • #17,859
  • Sep 26, 2011 7:04am Sep 26, 2011 7:04am
Quoting sisse
Yeap mate a good FA. Its a official ECB announcement. However, we still have the one I have been waiting for which is Greek funds confirmed by Germany this week so I will not jump the gun yet on a swing trade.

In any case, so far that ECB FA happened +/-140 ticks below that TA option we had last week.... Let see how it goes. 1.331x / 1.329x is the target for the swing low (daily and weekly trend) and the retrace options in the current wave are 1.360x TA and 1.380x with the Greek FA confirmed trigger...

Plenty of trades and option for this...
Makes me think, bro... what is disturbing me, is the new low on the weekly so far, as it closed below the 50%-fib of the whole move from 1.18-1.49, but that is too big for the weekly and more a case for the monthly...

We could very well be in for a ranging corrective pattern... we'll see, I'm cautious anyway.
  • #17,860
  • Sep 26, 2011 7:19am Sep 26, 2011 7:19am
Quoting Mr Hatch
Makes me think, bro... what is disturbing me, is the new low on the weekly so far, as it closed below the 50%-fib of the whole move from 1.18-1.49, but that is too big for the weekly and more a case for the monthly...

We could very well be in for a ranging corrective pattern... we'll see, I'm cautious anyway.
Good observation. Well I agree with you, is a yearly move so a quarterly closing below will be more telling than a weekly close in that range (btw, quarterly/monthly close this week ...and about to confirm reversal on those charts)

Without FA in the picture and assuming there is no cataclysmic events (euro collapse or double dip, etc) , your mid term (next quarter) TA outlook match mine.

Once it completes the move to 1.331x/1.329x (is almost there) with max overshoot to 1.297x (in this v broad timeframe), consolidation in a range till the end of the year with a close around 1.37xx area.....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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