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  • #24,381
  • Oct 11, 2011 9:50pm Oct 11, 2011 9:50pm
Nov HG just touched 30, up from the 23's. There's some oomph behind this risk rotation.
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  • #24,382
  • Oct 11, 2011 9:54pm Oct 11, 2011 9:54pm
Good Evening --

I'm thinking we may be going to the 1.3640 - ish area, initially, and then a re-test of the 1.3700 level. Couple of nice little cup 'n handles forming on the 5 and 15 minute charts. If it can't get through the MOFU then all bets are off of course...



http://i54.tinypic.com/2cr1q9f.png
  • #24,383
  • Oct 11, 2011 9:55pm Oct 11, 2011 9:55pm
Quoting OldQuant
Nov HG just touched 30, up from the 23's. There's some oomph behind this risk rotation.
Wow...did that ever bounce!
  • #24,384
  • Oct 11, 2011 10:03pm Oct 11, 2011 10:03pm
Quoting kenfen69
Wow...did that ever bounce!
Yeah, there just was 30 again on the offer. But AUD isn't going along with it anywhere near what I'd expect. What Ag/Au doing?
  • #24,385
  • Oct 11, 2011 10:03pm Oct 11, 2011 10:03pm
Quoting Turhovach
Good Evening --

I'm thinking we may be going to the 1.3640 - ish area, initially, and then a re-test of the 1.3700 level. Couple of nice little cup 'n handles forming on the 5 and 15 minute charts. If it can't get through the MOFU then all bets are off of course...
Hey T...nice to see you, mate!

Watching that 40ish area, too. Have 20% of a position left running short from 3665. Going to fade up to around 35/40 mark, and have it make BE there. If I get something I like there...I will add more. If not...will take it all out and get back to watching the gravity-defying, logic-malfunction spectacle.
  • #24,386
  • Oct 11, 2011 10:06pm Oct 11, 2011 10:06pm
Quoting OldQuant
Yeah, there just was 30 again on the offer. But AUD isn't going along with it anywhere near what I'd expect. What Ag/Au doing?
On the bounce, but nothing too wild...

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  • #24,387
  • Oct 11, 2011 10:07pm Oct 11, 2011 10:07pm
Okay, I've probably capped the risk rally right here. Took a little long in AUD just below the handle.

31 copper now. I'd actually rather be wrong for the right reasons than making money in a market that makes no sense. Not as a regular habit, understand.
  • #24,388
  • Oct 11, 2011 10:08pm Oct 11, 2011 10:08pm
Quoting OldQuant
Okay, I've probably capped the risk rally right here. Took a little long in AUD just below the handle.
Hey...can't work that way every time!
  • #24,389
  • Oct 11, 2011 10:12pm Oct 11, 2011 10:12pm
Euro certainly is snoozing. Maybe it had some turkey for dinner. But that would be cannibalism.
  • #24,390
  • Oct 11, 2011 10:13pm Oct 11, 2011 10:13pm
Quoting OldQuant
Euro certainly is snoozing. Maybe it had some turkey for dinner. But that would be cannibalism.


I think it heard you...didn't seem to like that one!
  • #24,391
  • Oct 11, 2011 10:16pm Oct 11, 2011 10:16pm
Trading out the AUD at 10 or better. Don't know where it's been or where it's going, but HG hit 3350 and it didn't follow like it should.

Stop at 01 on the midpoint.

Out at 10.
  • #24,392
  • Oct 11, 2011 10:18pm Oct 11, 2011 10:18pm
Quoting OldQuant
31 copper now. I'd actually rather be wrong for the right reasons than making money in a market that makes no sense. Not as a regular habit, understand.
I know what you mean...but with me...I just CAN'T seem to do it. If I can't get my head around it...at least a little...I just can't seem to stay in trades. I squirm and feel very uncomfortable, like it is going to go horribly wrong any second.

If I could do it, I would do it...not sure will I ever learn that one, though.
  • #24,393
  • Oct 11, 2011 10:19pm Oct 11, 2011 10:19pm
Another EU fill at 18.5. First two have been very small. Next two will get a little bigger...then will be decision time.
  • #24,394
  • Oct 11, 2011 10:21pm Oct 11, 2011 10:21pm
Quoting OldQuant
Trading out the AUD at 10 or better. Don't know where it's been or where it's going, but HG hit 3350 and it didn't follow like it should.

Stop at 01 on the midpoint.

Out at 10.
Nicely done!

Its trying to go up now...bastard!
  • #24,395
  • Oct 11, 2011 10:24pm Oct 11, 2011 10:24pm
Quoting kenfen69
Nicely done!

Its trying to go up now...bastard!
Yeah, but the HG's flattening. I'm actually leaving the 01 stop in; I'll fade it back thought the handle if it gets there, unless the copper firms up again before then.

Nah, copper, smopper. AUD looking too strong; if I don't pull that order, I'll forget it.
  • #24,396
  • Oct 11, 2011 10:26pm Oct 11, 2011 10:26pm
Quoting OldQuant
Yeah, but the HG's flattening. I'm actually leaving the 01 stop in; I'll fade it back thought the handle if it gets there, unless the copper firms up again before then.
I don't like these ones that start out slow, and then start gaining momentum. Its like desks start realizing...oh, hopium being smoked...follow that momentum!
  • #24,397
  • Oct 11, 2011 10:29pm Oct 11, 2011 10:29pm
morning...
Look Sharp/Trade Tight
  • #24,398
  • Oct 11, 2011 10:33pm Oct 11, 2011 10:33pm
Quoting PayTheLimit
morning...
Coffee? Fresh fig, perhaps?

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  • #24,399
  • Oct 11, 2011 10:36pm Oct 11, 2011 10:36pm
lol, you have quite a file bro, I'll pass of the figs however, thank you
Look Sharp/Trade Tight
  • #24,400
  • Oct 11, 2011 10:36pm Oct 11, 2011 10:36pm
Quoting kenfen69
I don't like these ones that start out slow, and then start gaining momentum. Its like desks start realizing...oh, hopium being smoked...follow that momentum!
Yeah. Flipper is thinking this is a real move in EUR; been long for over 50 minutes now. Of course, Flipper doesn't "think," and neither do the algorithms that jump on things like AUD just now. They follow.

That's the problem. Nobody thinks anymore.

Morning, PTL. Go back a couple pages and check out your coffee girl. She's stuck in the rain; maybe you'll have to make do with instant.

NEVER MIND! Go back and look anyway.

Back in 20.
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