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The Really Useless Thread

  • #27,001
  • Oct 19, 2011 6:07pm Oct 19, 2011 6:07pm
Quoting gatorinla
we will cross that bridge, when we get to the other side.
Do we cross the bridge before or after we get to the other side?
  • #27,002
  • Oct 19, 2011 6:11pm Oct 19, 2011 6:11pm
is that a trick question?
Quoting Venice
Do we cross the bridge before or after we get to the other side?
  • #27,003
  • Oct 19, 2011 6:13pm Oct 19, 2011 6:13pm
Quoting Venice
Anyone have anything on the daily chart perspective?

As screwy as things are, I still have momentum pointing down, but am not liking the fact that we did not close below 3690.

I now have an upper and and a lower, probably wont' take any new trades until one or the other is broken then retrace.

From 3914 high to 3652.

H4 says higher it has a higher outlook (HH), however I do not believe the down move is done yet. H4's range projects 3868 down to 3652.

Also, in the overall scheme of things, the HH did make a LH from the last swing high.

Compressing...
admittedly its too early to speculate. but we may be building a r shoulder. if true, them 3599 would be a target. bulls have a 3778.5 signature. just below the bears 3782 level.
those who can, do. those who cant, talk about those who can
  • #27,004
  • Oct 19, 2011 6:14pm Oct 19, 2011 6:14pm
Quoting Venice
Do we cross the bridge before or after we get to the other side?
after.. we have to go back and p
those who can, do. those who cant, talk about those who can
  • #27,005
  • Oct 19, 2011 6:25pm Oct 19, 2011 6:25pm
Quoting gatorinla
admittedly its too early to speculate. but we may be building a r shoulder. if true, them 3599 would be a target. bulls have a 3778.5 signature. just below the bears 3782 level.
Have 3782, would certainly make a wonderful r/r if we truly are developing the right shoulder.
  • #27,006
  • Oct 19, 2011 6:27pm Oct 19, 2011 6:27pm
3781/x looks like the one. but the way 68 acts its the 1/2 way point to 3805..
those who can, do. those who cant, talk about those who can
  • #27,007
  • Oct 19, 2011 6:39pm Oct 19, 2011 6:39pm
Quoting gatorinla
3781/x looks like the one. but the way 68 acts its the 1/2 way point to 3805..
chart. with a different perspective then most taught logic. it may be wrong. but it may save me a few. it cost 0 not to trade. most things i have point to those early described areas. this one don't. 3782 is on this chart also. just more in the middle.
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those who can, do. those who cant, talk about those who can
  • #27,008
  • Oct 19, 2011 6:39pm Oct 19, 2011 6:39pm
Quoting Venice
Anyone have anything on the daily chart perspective?

As screwy as things are, I still have momentum pointing down, but am not liking the fact that we did not close below 3690.

I now have an upper and and a lower, probably wont' take any new trades until one or the other is broken then retrace.

From 3914 high to 3652.

H4 says higher it has a higher outlook (HH), however I do not believe the down move is done yet. H4's range projects 3868 down to 3652.

Also, in the overall scheme of things, the HH did make a LH from the last swing high.

Compressing...
Originally I thought we'd see a retrace back into 3700 retesting the down blue sloping center median, but breaking that the opposite side of the fork low 1.4-4200 is probable and on track with the current angle of the move. Longer term I'd expect to see some type of repeating follow through from the drop.... fundamentals dictating the timing and looking at the technical structure for levels. The big congestion from the summer should be hard to break if we make it back that high, already starting to run into the broken lower levels.

just a thought.

regards,
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  • #27,009
  • Oct 19, 2011 6:48pm Oct 19, 2011 6:48pm
Quoting Venice
Have 3782, would certainly make a wonderful r/r if we truly are developing the right shoulder.
im not a volume guy in forex. but i bet the volume is lower then it was on the way up last time
those who can, do. those who cant, talk about those who can
  • #27,010
  • Oct 19, 2011 6:51pm Oct 19, 2011 6:51pm
Quoting gatorinla
im not a volume guy in forex. but i bet the volume is lower then it was on the way up last time
Yeah, nearly half.

Then again, time of day and all... hard to make comparisons when taking that into account.
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  • #27,011
  • Oct 19, 2011 6:53pm Oct 19, 2011 6:53pm
Quoting Venice
Yeah, nearly half.

Then again, time of day and all... hard to make comparisons when taking that into account.
then do the opposite. compare the volume up, considering it was a active tf. with the push down (volume) since it was an active tf also.
those who can, do. those who cant, talk about those who can
  • #27,012
  • Oct 19, 2011 7:03pm Oct 19, 2011 7:03pm
Quoting gatorinla
im not a volume guy in forex. but i bet the volume is lower then it was on the way up last time
in other words... things are dead right now. even for this time of day

Attached Image
  • #27,013
  • Oct 19, 2011 7:11pm Oct 19, 2011 7:11pm
good night.. see ya at the london open..
  • #27,014
  • Oct 19, 2011 7:15pm Oct 19, 2011 7:15pm
Quoting darimik
in other words... things are dead right now. even for this time of day

Attachment
i will be s .. i c 3781/83.. but i also c 3802/18,,,,hopefully 3818
those who can, do. those who cant, talk about those who can
  • #27,015
  • Oct 19, 2011 7:44pm Oct 19, 2011 7:44pm
will be nice
Quoting gatorinla
i will be s .. i c 3781/83.. but i also c 3802/18,,,,hopefully 3818
  • #27,016
  • Oct 19, 2011 7:48pm Oct 19, 2011 7:48pm
Gold shitting the bed.
  • #27,017
  • Oct 19, 2011 7:59pm Oct 19, 2011 7:59pm
looks like i missed a good one. got pendings at 3802 area..
those who can, do. those who cant, talk about those who can
  • #27,018
  • Oct 19, 2011 8:00pm Oct 19, 2011 8:00pm
Quoting gatorinla
looks like i missed a good one. got pendings at 3802 area..
Yeah; we were sitting here talking about it for the last few hours and I had to step away for a few as well...

/facepalm.
  • #27,019
  • Oct 19, 2011 8:19pm Oct 19, 2011 8:19pm
i hate forex
"If The Fool persists in his Folly he will become wise." - William Blake
  • #27,020
  • Oct 19, 2011 8:36pm Oct 19, 2011 8:36pm
Quoting Venice
Yeah; we were sitting here talking about it for the last few hours and I had to step away for a few as well...

/facepalm.
i had canceled my pending. i had one there since this morning. im canceling 3802 also.. cause if that happens we will go to 3833/66.. and if that happens, especially if we don't go higher. i target 3626.. to early. need a LL for bears now.
those who can, do. those who cant, talk about those who can
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