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The Really Useless Thread

  • #23,721
  • Oct 10, 2011 1:36pm Oct 10, 2011 1:36pm
Quoting sisse
Is very thin across the board. Volume in equities has evaporated since London closed. Just according to FF liquidity is 60% below average...whatever that means as I don't know how they calculate...

sisse
I just looked at the book, and there's still 20+ dealer size within a pip either side of the spread. Thing is, though, the computers pull that away as soon as market orders hit.

Still short, and now it's parked right on top of the 288-1m. Worse, this is soon going to be the densest area of the day.
  • #23,722
  • Oct 10, 2011 1:37pm Oct 10, 2011 1:37pm
Buy Buy Buy Must admit got caught also earlier today too PTL pulling 2 maverick shorts until i shouted at myself to stop selling

Quoting PayTheLimit
you bastard, when's the last time you sold this market...

south.. one time, I just wanna hear you say it...
Disclaimer: Check your 1m charts
  • #23,723
  • Oct 10, 2011 1:37pm Oct 10, 2011 1:37pm
Well 1.366x daily R fighting for the close as expected but nothing worth to stay and wait so I am clearing all till tomorrow...

GL all trading the remaining of the session and overnight...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,724
  • Oct 10, 2011 1:39pm Oct 10, 2011 1:39pm
I'm seeing a sneaky 5min W forming but won't long again unless we get above 1.3656

Quoting OldQuant
I just looked at the book, and there's still 20+ dealer size within a pip either side of the spread. Thing is, though, the computers pull that away as soon as market orders hit.

Still short, and now it's parked right on top of the 288-1m. Worse, this is soon going to be the densest area of the day.
Disclaimer: Check your 1m charts
  • #23,725
  • Oct 10, 2011 1:39pm Oct 10, 2011 1:39pm
Quoting sisse
Well 1.366x daily R fighting for the close as expected but nothing worth to stay and wait so I am clearing all till tomorrow...

GL all trading the remaining of the session and overnight...

sisse
see ya bro, btw, good call on the pork...
Look Sharp/Trade Tight
  • #23,726
  • Oct 10, 2011 1:43pm Oct 10, 2011 1:43pm
Quoting PayTheLimit
see ya bro, btw, good call on the pork...
Well that was a lot easier to call than in trading thats for sure. A good piece of pork, cook on its tasty fat and a beer ...you can't go wrong there...

Have a good one mate...talk you tomorrow.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,727
  • Oct 10, 2011 1:47pm Oct 10, 2011 1:47pm
Quoting pipper
I'm seeing a sneaky 5min W forming but won't long again unless we get about 1.3656
If history's any guide, on a quiet NY afternoon, the robots seem to extend the 1 to 2 hr emas about now, and just follow that until it's time to close the books. Today, that would mean a slow, choppy walk to the 40 area.

But I don't really have an opinion. It's drying paint, likely here on out today.
  • #23,728
  • Oct 10, 2011 1:48pm Oct 10, 2011 1:48pm
What is more important for long positions?

A higher high, or a higher low? Obviously both are the best, but when the market is conflicting with itself, I'm a little curious as to how others see this.
  • #23,729
  • Oct 10, 2011 1:50pm Oct 10, 2011 1:50pm
Quoting Venice
What is more important for long positions?

A higher high, or a higher low? Obviously both are the best, but when the market is conflicting with itself, I'm a little curious as to how others see this.

With that being said... I'm not sure which way I view or give more power too, if i should be at all.

A higher high means buyers are strong to keep the roof moving up. The higher high will usually give way to the shorts and let it pull back, to either the breakout or back to the previous lower high, and still making the uptrend valid.

A higher low means buyers are strong enough to stop the fall and reverse it.
  • #23,730
  • Oct 10, 2011 1:51pm Oct 10, 2011 1:51pm
SP500 1H
EU 1H

1200 can be a struggle...
who is left to buy? Need a squeeze to continue...
As I said on Sunday, cash is to be made and lost early on in the week....
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  • #23,731
  • Oct 10, 2011 1:51pm Oct 10, 2011 1:51pm
Quoting Venice
What is more important for long positions?

A higher high, or a higher low? Obviously both are the best, but when the market is conflicting with itself, I'm a little curious as to how others see this.
The close is most important in conjunction with participation amounts
"Millionaires don't use astrology, billionaires do"
  • #23,732
  • Oct 10, 2011 1:53pm Oct 10, 2011 1:53pm
Quoting Venice
What is more important for long positions?

A higher high, or a higher low? Obviously both are the best, but when the market is conflicting with itself, I'm a little curious as to how others see this.
In my relatively uninformed opinion, it's higher lows. Lots of chartists put channel lines on the lows, and a lower low is going to be a penetration.

Again, uninformed opinion.
  • #23,733
  • Oct 10, 2011 1:54pm Oct 10, 2011 1:54pm
Quoting OrionsWay
The close is most important in conjunction with participation amounts
Close is definitely important. A close above a previous open/close and a high though can make all the difference in the world to me.
  • #23,734
  • Oct 10, 2011 1:57pm Oct 10, 2011 1:57pm
Looks like you're going to see your 41, gator. What you gonna do then? Wait for the mid 30's?

I've got 4125 on the MID with a 41 BID.
  • #23,735
  • Oct 10, 2011 1:58pm Oct 10, 2011 1:58pm
40 hit... See if anything happens now going into the close

Quoting OldQuant
If history's any guide, on a quiet NY afternoon, the robots seem to extend the 1 to 2 hr emas about now, and just follow that until it's time to close the books. Today, that would mean a slow, choppy walk to the 40 area.

But I don't really have an opinion. It's drying paint, likely here on out today.
Attached Image (click to enlarge)
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Disclaimer: Check your 1m charts
  • #23,736
  • Oct 10, 2011 2:04pm Oct 10, 2011 2:04pm
Quoting gatorinla
same here.. 3641 is my target 1
tp hit
those who can, do. those who cant, talk about those who can
  • #23,737
  • Oct 10, 2011 2:07pm Oct 10, 2011 2:07pm
Flipper didn't buy this bounce either. It's going to take some action to get it to budge now.

PS- This chart is 5s clock tick midpoints; the 41- paints don't show on it.

No they're not. It's 5s clock tick bid/offers (red and orange).
Attached Image (click to enlarge)
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  • #23,738
  • Oct 10, 2011 2:10pm Oct 10, 2011 2:10pm
Quoting gatorinla
tp hit
if we bounce at 3635.. i may look to s a dt. and long with a new h
those who can, do. those who cant, talk about those who can
  • #23,739
  • Oct 10, 2011 2:19pm Oct 10, 2011 2:19pm
was that a trap? it sure was for me
got me those bastards today.
Just remembered Chicky's post from this morning!
standing here at almost minus -60 in GU doesnt help at all
it has hit its head into a H4 Supply so i will wait with it
not expecting any big moves at this time of the day but there is some news coming up at around midnight UK time.
lets see where it takes us

hk

Quoting hkkhanus
added some at 5618
  • #23,740
  • Oct 10, 2011 2:25pm Oct 10, 2011 2:25pm
Quoting hkkhanus
there is some news coming up at around midnight UK time.
If you mean the Slovakian vote, there's indication that public opinion is swinging towards not doing anything that would rock the Euro boat.

Even though they could assume god-like status in the eyes of the anti-Keynesian and true free market crowds, whenever they've done the right thing in the past, somebody sends in tanks.
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