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The Really Useless Thread

  • #23,341
  • Oct 9, 2011 11:20am Oct 9, 2011 11:20am
Quoting PhAnTi'
regarding the money print.... eurozone countries are limited in printing new money.... thats a big problem compared with the states and asia nations imho.
Thats a good problem to have. Unlike the US which has itself convinced it can print its way out of the issues it has.
  • #23,342
  • Oct 9, 2011 11:24am Oct 9, 2011 11:24am
Quoting Venice
Thats a good problem to have. Unlike the US which has itself convinced it can print its way out of the issues it has.
not so good for printing business.
  • #23,343
  • Oct 9, 2011 11:25am Oct 9, 2011 11:25am
Quoting Venice
Thats a good problem to have. Unlike the US which has itself convinced it can print its way out of the issues it has.
well you are more flexible if you are allowed to print money whenever you need to...the US just missed the limit....
Hero calls followed by margin calls...
  • #23,344
  • Oct 9, 2011 11:25am Oct 9, 2011 11:25am
Quoting pkimnyc
not so good for printing business.
Indeed
Hero calls followed by margin calls...
  • #23,345
  • Oct 9, 2011 11:31am Oct 9, 2011 11:31am
Quoting PhAnTi'
well you are more flexible if you are allowed to print money whenever you need to...the US just missed the limit....
Yep. I understsnd the need and purpose for it... but it can only do so much good before causing more harm.

The fun part is... is that the lower interest rates are suppose to be encouraging borrowing and in turn spending. But, most people are already stretched thin enough as it is... banks are not giving out loans now... and the money we do have is worth less and less each day. Hah. You can bet your ass im stockpiling my rum and bourbon supply. Neccesity and all
  • #23,346
  • Oct 9, 2011 11:32am Oct 9, 2011 11:32am
Quoting Venice
Yep. I understsnd the need and purpose for it... but it can only do so much good before causing more harm.

The fun part is... is that the lower interest rates are suppose to be encouraging borrowing and in turn spending. But, most people are already stretched thin enough as it is... banks are not giving out loans now... and the money we do have is worth less and less each day. Hah. You can bet your ass im stockpiling my rum and bourbon supply. Neccesity and all
Solution : invest your money physically and buy houses and lands
Hero calls followed by margin calls...
  • #23,347
  • Oct 9, 2011 11:34am Oct 9, 2011 11:34am
Quoting Venice
Yep. I understsnd the need and purpose for it... but it can only do so much good before causing more harm.

The fun part is... is that the lower interest rates are suppose to be encouraging borrowing and in turn spending. But, most people are already stretched thin enough as it is... banks are not giving out loans now... and the money we do have is worth less and less each day. Hah. You can bet your ass im stockpiling my rum and bourbon supply. Neccesity and all
let me know if you need a company...
  • #23,348
  • Oct 9, 2011 11:35am Oct 9, 2011 11:35am
Quoting PhAnTi'
Solution : invest your money physical and buy houses and lands
No rum?!?! Hehe... yes... only thing i hate is governments rapes us on property taxes. Greedy bastards!
  • #23,349
  • Oct 9, 2011 11:41am Oct 9, 2011 11:41am
Price Direction Charts....

8H
AUS200
USDOLLAR
USOIL
EURUSD

1H
EURUSD

Note 8H and 1H EU off course...
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  • #23,350
  • Oct 9, 2011 12:09pm Oct 9, 2011 12:09pm
Quoting Larseg
Price Direction Charts....

8H
AUS200
USDOLLAR
USOIL
EURUSD

1H
EURUSD

Note 8H and 1H EU off course...

 

  1. All Im saying is, even though we are in a downtrend (bigger picture)...
  2. I am still waiting for a pullback or complete reversal on the hourly before any trades are executed...


I would be surprised if there are no cash to be made early on...

  • #23,351
  • Oct 9, 2011 12:34pm Oct 9, 2011 12:34pm
ha ha ....hung like a munkee.....ha

Quoting kenfen69
Never?

Think I just ran into your profile picture's cousin earlier today...what a horndog!


Attachment
  • #23,352
  • Oct 9, 2011 12:45pm Oct 9, 2011 12:45pm
Quoting Larseg

  1. All Im saying is, even though we are in a downtrend (bigger picture)...
  2. I am still waiting for a pullback or complete reversal on the hourly before any trades are executed...


I would be surprised if there are no cash to be made early on...

Yep... despite the nice little sell off on friday afternoon... we have a bit of room to drop before the 4h switches directions... and we did make a new hh on it. Im on mobile so i cant see my charts at the moment... is the 1h showing something similar or did we put in a new swing low?
  • #23,353
  • Oct 9, 2011 12:54pm Oct 9, 2011 12:54pm
Quoting Venice
Yep... despite the nice little sell off on friday afternoon... we have a bit of room to drop before the 4h switches directions... and we did make a new hh on it. Im on mobile so i cant see my charts at the moment... is the 1h showing something similar or did we put in a new swing low?
1H is not in a swing to the upside yet...
If we break 1.3300 I reckon it would kick 4H bears along before the rest is coming along to sell the crap out of it...
However a nice 60 pip risk is on the plate for those taking longs...

2 hours before Sydney banks open and 5 hours for the bourse to open so we have to sleep on it

we shouldn't be working on a Sunday anyway ,
im on my laptop... so no trades from that one at all anyway....
  • #23,354
  • Oct 9, 2011 1:13pm Oct 9, 2011 1:13pm
Quoting Venice
Yep... despite the nice little sell off on friday afternoon... we have a bit of room to drop before the 4h switches directions... and we did make a new hh on it. Im on mobile so i cant see my charts at the moment... is the 1h showing something similar or did we put in a new swing low?
on my high 4 h a engulfed bearish closed candle. on one platform.. on another, the candle is not yet closed but it has a hell of a upper wick. (red body). on one of the week closes i use its a red spinner. and on the day it is also. supports have been broken at 3360 now.. with 3241 the next.. 3232 3168 3144 as very bearish signals.. but support is support and its bullish near it till broken.. even after broken there is many times a bounce..in bullish i mean st as in a bounce.. MT LT bear..
those who can, do. those who cant, talk about those who can
  • #23,355
  • Oct 9, 2011 2:36pm Oct 9, 2011 2:36pm
H4 fairly bearish. Looking to short 343x if signal given

Quoting gatorinla
on my high 4 h a engulfed bearish closed candle. on one platform.. on another, the candle is not yet closed but it has a hell of a upper wick. (red body). on one of the week closes i use its a red spinner. and on the day it is also. supports have been broken at 3360 now.. with 3241 the next.. 3232 3168 3144 as very bearish signals.. but support is support and its bullish near it till broken.. even after broken there is many times a bounce..in bullish i mean st as in a bounce.. MT LT bear..
Attached Image (click to enlarge)
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Disclaimer: Check your 1m charts
  • #23,356
  • Oct 9, 2011 2:46pm Oct 9, 2011 2:46pm
Quoting pipper
H4 fairly bearish
what bothers me is the LT target to here is 3123/26/oo min.. sometimes we bounce after. so im be cautious if a big bounce 3100 ish 3123 3126.. back toward 35xx or a fib toward it.
those who can, do. those who cant, talk about those who can
  • #23,357
  • Oct 9, 2011 2:56pm Oct 9, 2011 2:56pm
3285 is the 61.8 retracement of last move so will see how this area holds up

Quoting gatorinla
what bothers me is the LT target to here is 3123/26/oo min.. sometimes we bounce after. so im be cautious if a big bounce 3100 ish 3123 3126.. back toward 35xx or a fib toward it.
Disclaimer: Check your 1m charts
  • #23,358
  • Oct 9, 2011 2:59pm Oct 9, 2011 2:59pm
Quoting pipper
3285 is the 61.8 retracement so will see how this area holds up
if we get a LL.. i would like to c a LH
those who can, do. those who cant, talk about those who can
  • #23,359
  • Oct 9, 2011 3:09pm Oct 9, 2011 3:09pm
Like this analysis Magix

Quoting Magix
Check it out...

Last week, an exodus on open followed by price being bought up through the rest of the week...where and why?

Well, I'ma go like this, take it for what it is worth.

Last week was a China bank holiday and for those of us that have been coming to enjoy trading the TK session found it to be a bit dull this week, well for the most part anyways...but, here's where we are.

Friday, no bank holiday for China, and guess where price bought back up to?

IF we cut out TK Friday session close to TK coming back all hands on deck this Friday,...
Disclaimer: Check your 1m charts
  • #23,360
  • Oct 9, 2011 3:40pm Oct 9, 2011 3:40pm
good evening,

opening and staying above 1.3375 would still get me long

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Don't be a hero. Don't have an ego. Always question yourself
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