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The Really Useless Thread

  • #25,981
  • Oct 17, 2011 8:11am Oct 17, 2011 8:11am
Quoting Venice
Swissy looks nice and primed for some longs... will risk the lows.

We did manage to create a LL on the Daily... so we may be looking at a reversal of it here. It all depends on this next run up when and where it may occur at. It will need to clear .9314 to open the next leg up. Otherwise, time to move down.

I dare to even say that it looks like we may be forming the right shoulder of the shampoo pattern. If so, H4 expect to cap it at .9080-9120.

H4 is in clear down trend at the moment, lets see if it will drag the daily with it as well....
Orders filled over night, averaged in at .8920. A new high will be crucial to keep this going... currently missed by about 30 pips. Stops to BE+10. We created a new low, so... this may be very short lived.
  • #25,982
  • Oct 17, 2011 8:12am Oct 17, 2011 8:12am
Quoting gatorinla
i dont know what she will do. i have a st target for 3824.. close enough to check 3830/31.. the low/high today is about a 10 day average atr already. so a bigger move may not be in the cards today.. if we do move 3762 and 3705.x pops up..
if 3762 is the support today and we get above 3800. then 3837 is a target.. 3752 could be a good base top st area. 37/52.. if the pair wants 3935/37.. it has to get momentum to attack it. it does this by going lower. to again strength. the same is true to break the 3149 support. it goes north to gain momentum. we are north atm.. the nearer the risk.. the better the r/r the other direction.
those who can, do. those who cant, talk about those who can
  • #25,983
  • Oct 17, 2011 8:19am Oct 17, 2011 8:19am
Quoting sisse
Got 1.374x/1.372x wide open for today. If daily S gets broken today (1.378x) I have lots of air till next daily S @1.362x which is also first long area in daily/weekly charts....

sisse
i was sleeping. i would of probably missed it anyway. i wanted to s at 3935 area..
those who can, do. those who cant, talk about those who can
  • #25,984
  • Oct 17, 2011 8:20am Oct 17, 2011 8:20am
Quoting chazzle
shoulder level now short 778 ( cable ) 50sl
1/2 off at 63 sl b/e on the rest
  • #25,985
  • Oct 17, 2011 8:20am Oct 17, 2011 8:20am
this area is halfway between last weeks high, and last weeks mid,dont really have a clue here, in adddition to where we are sitting, 3820/33 stand out above, and 3704/19 below...think I'll call it a day, check you all later, good luck, PTL...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #25,986
  • Oct 17, 2011 8:23am Oct 17, 2011 8:23am
Quoting gatorinla
i was sleeping. i would of probably missed it anyway. i wanted to s at 3935 area..
Got the same 1.393x and 1.397x (stronger) both are still open for this week so we have plenty of time if it gets there....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #25,987
  • Oct 17, 2011 8:23am Oct 17, 2011 8:23am
Quoting sisse
Got 1.374x/1.372x wide open for today. If daily S gets broken today (1.378x) I have lots of air till next daily S @1.362x which is also first long area in daily/weekly charts....

sisse
i said 3762.. 3761.2.. may be the s.. close enough.. 3705.7 is a normal move.. but its beyond recent atr for st as in today. .
those who can, do. those who cant, talk about those who can
  • #25,988
  • Oct 17, 2011 8:25am Oct 17, 2011 8:25am
Quoting chazzle
1/2 off at 63 sl b/e on the rest
out
  • #25,989
  • Oct 17, 2011 8:27am Oct 17, 2011 8:27am
Quoting gatorinla
i said 3762.. 3761.2.. may be the s.. close enough.. 3705.7 is a normal move.. but its beyond recent atr for st as in today. .
....1.383x will be nicer for today or tomorrow....

we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #25,990
  • Oct 17, 2011 8:30am Oct 17, 2011 8:30am
just noticed 70 hit again....wulda been a good long
  • #25,991
  • Oct 17, 2011 8:31am Oct 17, 2011 8:31am
3834 or 3730 is min for either. coming.... depending on 3800 (protected risk) break.. atm
those who can, do. those who cant, talk about those who can
  • #25,992
  • Oct 17, 2011 8:31am Oct 17, 2011 8:31am
im thinking this will hold her to go long
  • #25,993
  • Oct 17, 2011 8:35am Oct 17, 2011 8:35am
Quoting gatorinla
3834 or 3730 is min for either. coming.... depending on 3800 (protected risk) break.. atm
ill let it bounce lower to enter.. any place above 3765
those who can, do. those who cant, talk about those who can
  • #25,994
  • Oct 17, 2011 8:39am Oct 17, 2011 8:39am
Quoting sisse
....1.383x will be nicer for today or tomorrow....

we'll see

sisse
looks like back to 3834 min
those who can, do. those who cant, talk about those who can
  • #25,995
  • Oct 17, 2011 8:40am Oct 17, 2011 8:40am
Updated chart

Holding for now but bearish. Expecting more down

Quoting pipper
Would love a retrace to test tl @ 1.378x ish
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Disclaimer: Check your 1m charts
  • #25,996
  • Oct 17, 2011 8:44am Oct 17, 2011 8:44am
long 3785....3840 maybe?
  • #25,997
  • Edited 8:58am Oct 17, 2011 8:45am | Edited 8:58am
market normally won't give you so many opportunities to long successfully certainly not with major moves, so it prob will go south and I'm not trading it

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Don't be a hero. Don't have an ego. Always question yourself
  • #25,998
  • Oct 17, 2011 8:51am Oct 17, 2011 8:51am
feckin doing my head in...

Inserted Video
  • #25,999
  • Oct 17, 2011 8:51am Oct 17, 2011 8:51am
back in australia now...

took 20 on the bounce,


hows all??
  • #26,000
  • Oct 17, 2011 8:59am Oct 17, 2011 8:59am
L 66.. already s/o -3.. pa voided.. my setup,
those who can, do. those who cant, talk about those who can
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