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The Really Useless Thread

  • #23,601
  • Oct 10, 2011 7:28am Oct 10, 2011 7:28am
Quoting USD-Bear
fundamentals + technicals
Their is no strong or weak one in this pair imo, so below 1.30 I tend to have bullish bias and above 1.40 I tend to have bearish bias.
Also like to look which one is in positive/negative news at the time, knowing this will change overtime.
ATM shorting USOil a bit, very cautious, think current up move is not warranted by economic data
Yea... just follow the chart...
Still some upside on 4H USOil also...
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  • #23,602
  • Oct 10, 2011 7:32am Oct 10, 2011 7:32am
Trying a short @ 1.3632

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Don't be a hero. Don't have an ego. Always question yourself
  • #23,603
  • Oct 10, 2011 7:36am Oct 10, 2011 7:36am
Quoting sisse
Agree mate... Euro inside of daily R zone now ...easy part of the move gone....and without me...

sisse
Kind of. This hasnt been a smooth ride up until today. Jerks! I would love for this to be the top. But we have really strong mometem atm. Not really in the mood for another trend reversal lol!
  • #23,604
  • Oct 10, 2011 7:39am Oct 10, 2011 7:39am
Quoting Larseg
Yea... just follow the chart...
Still some upside on 4H USOil also...

Middle of expensive and expensive for the daily stealers...

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A Slow down and double top on the sp500 as well..
  • #23,605
  • Oct 10, 2011 7:49am Oct 10, 2011 7:49am
Quoting Venice
Kind of. This hasnt been a smooth ride up until today. Jerks! I would love for this to be the top. But we have really strong mometem atm. Not really in the mood for another trend reversal lol!
Well it has been a powerful move up today (mania move). It's only a a few ticks (20 ticks) away from becoming the 2nd largest daily range this year. The largest was the day we made the yearly high (rejection of yearly R) on May 05 (1.48xx)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,606
  • Oct 10, 2011 7:55am Oct 10, 2011 7:55am
Quoting USD-Bear
Trying a short @ 1.3632

Attachment
responding to support, got stop @ BE to be sure

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #23,607
  • Oct 10, 2011 7:58am Oct 10, 2011 7:58am
Quoting sisse
Well it has been a powerful move up today (mania move). It's only a a few ticks (20 ticks) away from becoming the 2nd largest daily range this year. The largest was the day we made the yearly high (rejection of yearly R) on May 05 (1.48xx)...

sisse

It was like happy hour
  • #23,608
  • Oct 10, 2011 8:08am Oct 10, 2011 8:08am
Quoting USD-Bear
responding to support, got stop @ BE to be sure

Attachment
stopped, should have taken 20
Trying to catch the bastard again.....
Don't be a hero. Don't have an ego. Always question yourself
  • #23,609
  • Oct 10, 2011 8:16am Oct 10, 2011 8:16am
Euro in pretty strong position above 3573 daily
"Millionaires don't use astrology, billionaires do"
  • #23,610
  • Oct 10, 2011 8:17am Oct 10, 2011 8:17am
Quoting Larseg
It was like happy hour
Yup... Stock markets haven't join the party today. Oil about to break key R (85.xx) that will put markets in "nothing happened, everything is ok" mode....'

Let see what NY brings to the markets outside forex, in currencies, especially in the euro I think is day over but in mania as in panic the sky/floor is the limit ....

we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,611
  • Oct 10, 2011 8:20am Oct 10, 2011 8:20am
Quoting sisse
Yup... Stock markets haven't join the party today. Oil about to break key R (85.xx) that will put markets in "nothing happened, everything is ok" mode....'

Let see what NY brings to the markets outside forex, in currencies, especially in the euro I think is day over but in mania as in panic the sky/floor is the limit ....

we'll see

sisse

  • #23,612
  • Oct 10, 2011 8:23am Oct 10, 2011 8:23am
Quoting needpips
3050 area then?
'Ish. Depending on what happens around this area of course. Forming a new high here mean putting us back to only around the 3400 area. As we start the next leg up of the new intermediate uptrend. Of course, we could also form a high then smash way down below 31500 in which then 3050 would be wide open.
  • #23,613
  • Oct 10, 2011 8:27am Oct 10, 2011 8:27am
Quoting Venice
'Ish. Depending on what happens around this area of course. Forming a new high here mean putting us back to only around the 3400 area. As we start the next leg up of the new intermediate uptrend. Of course, we could also form a high then smash way down below 31500 in which then 3050 would be wide open.

Word on the street; "buyers around .3525"
  • #23,614
  • Oct 10, 2011 8:30am Oct 10, 2011 8:30am
Quoting sisse
Well it has been a powerful move up today (mania move). It's only a a few ticks (20 ticks) away from becoming the 2nd largest daily range this year. The largest was the day we made the yearly high (rejection of yearly R) on May 05 (1.48xx)...

sisse
Aye... and to me, a close between 1.3689 and 1.3586 will be a bearish indicator, risking the highs.

This is only valid if the highs are not taken before the close of course.

Feels very gamble'ish...
  • #23,615
  • Oct 10, 2011 8:31am Oct 10, 2011 8:31am
Quoting Larseg
Word on the street; "buyers around .3525"
Bastards! hehe.

We finally get a trend going... and they are screwing it up.
  • #23,616
  • Oct 10, 2011 8:32am Oct 10, 2011 8:32am
Quoting Piters
try @ 3698 next
so close but so far...
  • #23,617
  • Oct 10, 2011 8:33am Oct 10, 2011 8:33am
s3626
those who can, do. those who cant, talk about those who can
  • #23,618
  • Oct 10, 2011 8:35am Oct 10, 2011 8:35am
Quoting Venice
Bastards! hehe.

We finally get a trend going... and they are screwing it up.



2nd and last trade today...
  • #23,619
  • Oct 10, 2011 8:39am Oct 10, 2011 8:39am
Quoting Venice
Aye... and to me, a close between 1.3689 and 1.3586 will be a bearish indicator, risking the highs.

This is only valid if the highs are not taken before the close of course.
I kind of agree Venice. The move was too fast and too deep without leaving intraday marks which are not good for a healthy move up as there is a lot of air till intraday support when a pullback begins.

A break of daily R 1.366x will open clean swept week to weekly R at 1.379x but that looks very far for today without a daily close supporting the move....

ES opening range is aiming to next R 1190.xx so further up is still open in the euro... we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,620
  • Oct 10, 2011 8:43am Oct 10, 2011 8:43am
Quoting gatorinla
s3626

Do you use BE?

Im considering one now... its very strong... but then it will fall harder...
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