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The Really Useless Thread

  • #17,921
  • Sep 26, 2011 9:52am Sep 26, 2011 9:52am
I start to lose my patience
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  • #17,922
  • Sep 26, 2011 9:53am Sep 26, 2011 9:53am
Quoting gatorinla
nothing below 3349?
I think we have same target hope it hit By Tomorrow
  • #17,923
  • Sep 26, 2011 9:58am Sep 26, 2011 9:58am
Quoting egkid
I start to lose my patience
Supply consumption?
  • #17,924
  • Sep 26, 2011 10:00am Sep 26, 2011 10:00am
Quoting needpips
actually my next major down target is 3240-ish
after 3413 domino then 3400. my dominoes point @ 3280/xx 3176/xx.. of course there will be bounces. (not unexpected).
those who can, do. those who cant, talk about those who can
  • #17,925
  • Sep 26, 2011 10:01am Sep 26, 2011 10:01am
Quoting egkid
I think we have same target hope it hit By Tomorrow
im looking for 3176
those who can, do. those who cant, talk about those who can
  • #17,926
  • Sep 26, 2011 10:01am Sep 26, 2011 10:01am
H4 is up and trying for 3580. H1 seems to be retracing but it wants 3549 as soon as this reversal on m15 will probably end around 3420. That's what I have right now. Things may become fluid and change but this is the current picture I have... I would only scalp because of these conflicting TFs..
  • #17,927
  • Sep 26, 2011 10:03am Sep 26, 2011 10:03am
Quoting gatorinla
im looking for 3176
U change ur target greedy
  • #17,928
  • Sep 26, 2011 10:05am Sep 26, 2011 10:05am
Quoting attila
H4 is up and trying for 3580. H1 seems to be retracing but it wants 3549 as soon as this reversal on m15 will probably end around 3420. That's what I have right now. Things may become fluid and change but this is the current picture I have... I would only scalp because of these conflicting TFs..
I have played the same S/D zones for 3 days...until it breaks either I will keep pulling the lever...
  • #17,929
  • Sep 26, 2011 10:07am Sep 26, 2011 10:07am
Quoting needpips
I have played the same S/D zones for 3 days...until it breaks either I will keep pulling the lever...
Yeah... They can all become confusing because of the range. Only scalps, and probably I would stop trading for the rest of the day. Too much work....
  • #17,930
  • Sep 26, 2011 10:09am Sep 26, 2011 10:09am
Quoting attila
Yeah... They can all become confusing because of the range. Only scalps, and probably I would stop trading for the rest of the day. Too much work....
Ive mentioned 3542 for about a week now....that for me is the good side of the range because its been blocked for a while..I just put a SL a few pips above it...then scale in a bit...3350 has been a little less defined so...
  • #17,931
  • Sep 26, 2011 10:11am Sep 26, 2011 10:11am
Range ( with a side order of bear )
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  • #17,932
  • Sep 26, 2011 10:14am Sep 26, 2011 10:14am
Here's what I don't like. It's pretty much caught between my two lower numbers of this floor. 3369 and 3592. Everybody's looking at 3540ish but I'm more interested in 3592... It was rejected twice at the bottom (give or take a few) at 3369. Of course it can go right back and break it's back but as of now, for immediate trading purposes I consider shorts to be counter until I see 3592 and what the price will do there....

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  • #17,933
  • Sep 26, 2011 10:17am Sep 26, 2011 10:17am
got a bounce sig. 40 pips is the usual m
those who can, do. those who cant, talk about those who can
  • #17,934
  • Sep 26, 2011 10:18am Sep 26, 2011 10:18am
Quoting attila
Here's what I don't like. It's pretty much caught between my two lower numbers of this floor. 3369 and 3592. Everybody's looking at 3540ish but I'm more interested in 3592... It was rejected twice at the bottom (give or take a few) at 3369. Of course it can go right back and break it's back but as of now, for immediate trading purposes I consider shorts to be counter until I see 3592 and what the price will do there....

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3566 to 3770 is gonna be a mess...there are a few areas there to C...3592-36 is for sure one of them
  • #17,935
  • Sep 26, 2011 10:18am Sep 26, 2011 10:18am
Quoting needpips
Looks like we could be in an ABC Flat...means 34 should hit again and be a major turn north...Ive scalped the mess out of her...but may take a shot if it shows
Hi Needpips,


think that you are right :-)

Wave B down should retrace at least 90% of its wave A, so 34 is on the table again.

I think, that the whole sidway movement since 22. September is a wxy-movement as subwave 4 of wave 5. The y-wave itself presents as a flat.

Wave 5 would count best, when we would see an overlap of subwave 4 and subwave 1 for an ending diagonal.

So we should expect first 34 than up for 3650, ideally 3671, max 3795

BUT: if we should develop momentum (much of it) down, well, that would be the story of the fan and the sh!t :-)
  • #17,936
  • Sep 26, 2011 10:20am Sep 26, 2011 10:20am
Quoting gatorinla
got a bounce sig. 40 pips is the usual m
Ill wait for 3433 for a long scalp try
  • #17,937
  • Sep 26, 2011 10:22am Sep 26, 2011 10:22am
Yep...thanks for your thoughts...I was hoping u would read that...hope all is green pips in your world!
Quoting infinitus
Hi Needpips,


think that you are right :-)

Wave B down should retrace at least 90% of its wave A, so 34 is on the table again.

I think, that the whole sidway movement since 22. September is a wxy-movement as subwave 4 of wave 5. The y-wave itself presents as a flat.

Wave 5 would count best, when we would see an overlap of subwave 4 and subwave 1 for an ending diagonal.

So we should expect first 34 than up for 3650, ideally 3671, max 3795

BUT: if we should develop momentum (much of it) down, well, that would be the story of the fan and the...
  • #17,938
  • Sep 26, 2011 10:24am Sep 26, 2011 10:24am
Quoting needpips
Yep...thanks for your thoughts...I was hoping u would read that...hope all is green pips in your world!
Can not complain lately. All in green pasture...... :-)

Hope all is well with you too
  • #17,939
  • Sep 26, 2011 10:25am Sep 26, 2011 10:25am
Quoting needpips
3566 to 3770 is gonna be a mess...there are a few areas there to C...3592-36 is for sure one of them
Yeah... These levels are always a mess. The reason being the price doesn't like to cross from one floor to the other, but once it does, it pretty much goes to the next one. So for instance, I always ask this question. If it breaks 3369, is the price ready to go to 2942?.... I don't know, maybe but it could also bounce around for a while between 3867 and 3369 before deciding...

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  • #17,940
  • Sep 26, 2011 10:26am Sep 26, 2011 10:26am
Quoting needpips
Ive mentioned 3542 for about a week now....that for me is the good side of the range because its been blocked for a while..I just put a SL a few pips above it...then scale in a bit...3350 has been a little less defined so...
Your 1.354x became daily support. I saw similar levels on the latest posts but different direction which shows some conflicting views on the major swing.... In any case, this time I am with you on that side.

Is clear that as long as 1.355x (momentum line to long side) is holding bulls, bears still have a marginal chance to make a continuation without retrace. Daily close today rejecting fresh daily support will clear most if not all doubts.

As any daily retrace in a downtrend, the move is/will be 2 steps up 1 and 1/2 back.

We'll see as is nothing to do except wait for that 1.355x to be broken to trail and stop micromanaging the long side...

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