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The Really Useless Thread

  • #25,081
  • Oct 13, 2011 11:55am Oct 13, 2011 11:55am
Quoting sisse
Indexes dead at support. A daily close below it will open a leg down in ES for tomorrow and next week.

Euro entering in chop zone and still a bit "far" intraday from last breakout point 1.369x and about to confirm a new fresh daily R @ 1.379x on the roll...in simple words trading in the mid of that range. It will only be confirmed on the roll but price seems to getting ready for a rest there.

sisse
Breakout point on the euro @ 3689, bullish as long as we remain above this.

Simple break and retest appears what we have so far.
  • #25,082
  • Oct 13, 2011 11:56am Oct 13, 2011 11:56am
Quoting PhAnTi'
agree.

though i dont trade patterns at all...but they might be helpful to ''get the flow''
at least for me
Hero calls followed by margin calls...
  • #25,083
  • Oct 13, 2011 11:57am Oct 13, 2011 11:57am
newbies should study this, and incorporate in their plan. more videos will pop up..
Inserted Video
those who can, do. those who cant, talk about those who can
  • #25,084
  • Oct 13, 2011 11:57am Oct 13, 2011 11:57am
Quoting PhAnTi'
agree.

though i dont trade patterns at all...but they might be helpful to ''get the flow''
I'm a huge fan of ascending/descending triangles.

It's like watching a battle... where the enemy slowly is running out of troops to push their opponent back, until the tipping point... and then the push forward runs them over.
  • #25,085
  • Oct 13, 2011 11:58am Oct 13, 2011 11:58am
I really need to start backing my leverage off... making me nervous. hah.

10 pips is 2%.

But... I guess, what does it really matter? I take my loss at 10 pips and move on to the next trade.
  • #25,086
  • Oct 13, 2011 12:00pm Oct 13, 2011 12:00pm
3771 is the mid of the big down bar from this morning..
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 23 KB
Look Sharp/Trade Tight
  • #25,087
  • Oct 13, 2011 12:02pm Oct 13, 2011 12:02pm
Quoting Venice
I really need to start backing my leverage off... making me nervous. hah.

10 pips is 2%.

But... I guess, what does it really matter? I take my loss at 10 pips and move on to the next trade.
greedy bastard
Hero calls followed by margin calls...
  • #25,088
  • Oct 13, 2011 12:03pm Oct 13, 2011 12:03pm
Quoting Venice
Breakout point on the euro @ 3689, bullish as long as we remain above this.

Simple break and retest appears what we have so far.
Exactly ...just a test and reaction of 1.375x "missing" for today in my books. If bulls exhaust there, we'll have a choppy few sessions.

EFSF speakers in very active PR since the Slovak vote but stocks have ignore all of them. There is still that rumor of the UK downgrade but judging on equities and FTSE close, it seems to be unfounded.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #25,089
  • Oct 13, 2011 12:03pm Oct 13, 2011 12:03pm
Quoting PhAnTi'
greedy bastard
Yes; Aggressive account growth.
  • #25,090
  • Oct 13, 2011 12:08pm Oct 13, 2011 12:08pm
Quoting Venice
Yes; Aggressive account growth.
Hero calls followed by margin calls...
  • #25,091
  • Oct 13, 2011 12:09pm Oct 13, 2011 12:09pm
if 43 caps this i had 3637 earlier.. but if 43 caps its 3627 is the target. with a LL.. 47 and the target is an = distance lower.. 3624... st.. but Asia likes to go back.. in order above 3747 is 63 73 and 89.. looking for a reason at any of them
those who can, do. those who cant, talk about those who can
  • #25,092
  • Oct 13, 2011 12:10pm Oct 13, 2011 12:10pm
Quoting sisse
Exactly ...just a test and reaction of 1.375x "missing" for today in my books. If bulls exhaust there, we'll have a choppy few sessions.

EFSF speakers in very active PR since the Slovak vote but stocks have ignore all of them. There is still that rumor of the UK downgrade but judging on equities and FTSE close, it seems to be unfounded.

sisse
Looks like were headed there right now... well, at least that's where my bets are laid... popped in a few longs @ 3724.
  • #25,093
  • Oct 13, 2011 12:12pm Oct 13, 2011 12:12pm
CADJPY set-up
Attached Image (click to enlarge)
Click to Enlarge Name: CJD1.jpg Size: 88 KB
  • #25,094
  • Oct 13, 2011 12:13pm Oct 13, 2011 12:13pm
Quoting gatorinla
if 43 caps this i had 3637 earlier.. but if 43 caps its 3627 is the target. with a LL.. 47 and the target is an = distance lower.. 3624... st.. but Asia likes to go back.. in order above 3747 is 63 73 and 89.. looking for a reason at any of them
3742 will be close enough.. bears may protect 43
those who can, do. those who cant, talk about those who can
  • #25,095
  • Oct 13, 2011 12:23pm Oct 13, 2011 12:23pm
Quoting chazzle
CADJPY set-up
scalping C/Y, your a madman...
Look Sharp/Trade Tight
  • #25,096
  • Oct 13, 2011 12:26pm Oct 13, 2011 12:26pm
Quoting PayTheLimit
scalping C/Y, your a madman...
will see how long I can hold it for , my guess is 30 pips , but only if it gets there in 10 minutes
  • #25,097
  • Oct 13, 2011 12:27pm Oct 13, 2011 12:27pm
my server was down and i didn't c it.. got a st HH... my 47 was s/o -4
those who can, do. those who cant, talk about those who can
  • #25,098
  • Oct 13, 2011 12:29pm Oct 13, 2011 12:29pm
...
Look Sharp/Trade Tight
  • #25,099
  • Oct 13, 2011 12:32pm Oct 13, 2011 12:32pm
3782 the LO...

3792 late NY...
Look Sharp/Trade Tight
  • #25,100
  • Oct 13, 2011 12:33pm Oct 13, 2011 12:33pm
Quoting PayTheLimit
3782 the LO...

3792 late NY...

3825 the swing high close...

16/32.5 my shirt size..
Look Sharp/Trade Tight
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