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The Really Useless Thread

  • #28,601
  • Oct 24, 2011 10:44am Oct 24, 2011 10:44am
Quoting PayTheLimit
90.34 is 150% of Fridays range in the crude..and DR2
91.03/7ish after that...
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Look Sharp/Trade Tight
  • #28,602
  • Oct 24, 2011 10:47am Oct 24, 2011 10:47am
short at at 1.0477 commin up
  • #28,603
  • Oct 24, 2011 10:48am Oct 24, 2011 10:48am
nymex oil poked above r..
those who can, do. those who cant, talk about those who can
  • #28,604
  • Oct 24, 2011 10:50am Oct 24, 2011 10:50am
Quoting gatorinla
nymex oil poked above r..
not to mention last months high on the continuation chart..might try a short near 91.00..
Look Sharp/Trade Tight
  • #28,605
  • Oct 24, 2011 10:51am Oct 24, 2011 10:51am
moment of truth.. usdx poked under s also..
those who can, do. those who cant, talk about those who can
  • #28,606
  • Oct 24, 2011 10:52am Oct 24, 2011 10:52am
Quoting PayTheLimit
not to mention last months high on the continuation chart..might try a short near 91.00..
that was the r
those who can, do. those who cant, talk about those who can
  • #28,607
  • Oct 24, 2011 10:53am Oct 24, 2011 10:53am
Quoting gatorinla
that was the r
who traded through it?
Look Sharp/Trade Tight
  • #28,608
  • Oct 24, 2011 10:53am Oct 24, 2011 10:53am
Quoting gatorinla
eu getting a new high will give more validity/ .. still have eu hitting the 3977/79 area min.. a gartly says we will pullback to 3807.. before 3988 ish... that last drop may have been its failed attempt. that failed attempt with a new high like 3977 min... will put a higher target at 4079 area. the usdx said the same thing. if or when this happens.. oil should have broken 90.50 ... atm at 89.86.... we got a hell of a b/o about to happen or a hell of a slap down... oil has not confirmed the eu or the usdx move yet..
89.9x is HUGE (and very tradable btw) R in oil and just completed all majors testing S/R (ES ticked 1148.75 a couple of minutes ago)....fading time across the board.

In the euro no need to take the ultimate highs (and there is plenty of options in daily and above around these levels [1.392x / 1.395x / and HH 1.397x]) but not in a hurry so H4 rules in these cases...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #28,609
  • Oct 24, 2011 10:57am Oct 24, 2011 10:57am
oil eu usdx. hitting s/r at close to the same moment.
those who can, do. those who cant, talk about those who can
  • #28,610
  • Oct 24, 2011 10:57am Oct 24, 2011 10:57am
Quoting sisse
89.9x is HUGE (and very tradable btw) R in oil and just completed all majors testing S/R (ES ticked 1148.75 a couple of minutes ago)....fading time across the board.

In the euro no need to take the ultimate highs (and there is plenty of options in daily and above around these levels [1.392x / 1.395x / and HH 1.397x]) but not in a hurry so H4 rules in these cases...

sisse
H4 showing bear bias while under 3953. Similar for you?
  • #28,611
  • Oct 24, 2011 10:58am Oct 24, 2011 10:58am
Quoting gatorinla
oil eu usdx. hitting s/r at close to the same moment.
its all one trade...
Look Sharp/Trade Tight
  • #28,612
  • Oct 24, 2011 11:02am Oct 24, 2011 11:02am
Quoting Venice
H4 showing bear bias while under 3953. Similar for you?
Almost. I have 1.397x (last break out point [untested in daily btw] for the leg down) with max overshoot below 1.400x. There is also reported large option expiring this week on that 1.400x...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #28,613
  • Oct 24, 2011 11:04am Oct 24, 2011 11:04am
3914, last hours mid...last weeks high too...
Look Sharp/Trade Tight
  • #28,614
  • Oct 24, 2011 11:07am Oct 24, 2011 11:07am
Just barely poked a new swing low on the 5m. Lets see if we can get the highs to hold now.
  • #28,615
  • Oct 24, 2011 11:08am Oct 24, 2011 11:08am
Quoting sisse
89.9x is HUGE (and very tradable btw) R in oil and just completed all majors testing S/R (ES ticked 1148.75 a couple of minutes ago)....fading time across the board.

In the euro no need to take the ultimate highs (and there is plenty of options in daily and above around these levels [1.392x / 1.395x / and HH 1.397x]) but not in a hurry so H4 rules in these cases...

sisse
nyex was closed when eu hit the 50 ties.. and usdx hit support. now its not closed..they agree. its a great s area now on oil eu. with a smaller risk comparable to reward. but there is always risk. especially when we counter.
those who can, do. those who cant, talk about those who can
  • #28,616
  • Oct 24, 2011 11:36am Oct 24, 2011 11:36am
Quoting OldQuant
Just covered the copper. Too far, too fast. Re-short it above on a follow thru bounce, or under at 3.02, OCO.
And that was Thursday. Thankfully, it didn't bounce convincingly then. Didn't want to take it on a Friday against bullish PA, forgot about putting in an order (would have been around 36) last night, and now here we are.

In my mind, this has short written all over it, so took it at 4480. Out to the Dec. now. Three sigma move in something that historically has one of the most "normal" distributions of price change of just about anything. But this much is sure: if we start getting fat tails in copper's price changes, it means there's a lot of strain on the welds of the world economy's hull.

A dime stop. If it hits it in the next couple days, I'm getting another hobby until it has a two-dollar handle.
  • #28,617
  • Oct 24, 2011 11:39am Oct 24, 2011 11:39am
Quoting OldQuant
And that was Thursday. Thankfully, it didn't bounce convincingly then. Didn't want to take it on a Friday against bullish PA, forgot about putting in an order (would have been around 36) last night, and now here we are.

In my mind, this has short written all over it, so took it at 4480. Out to the Dec. now. Three sigma move in something that historically has one of the most "normal" distributions of price change of just about anything. But this much is sure: if we start getting fat tails in copper's price changes, it means there's a lot of strain...

take a look at the close from Sept 22, in fact draw a horizontal line using that level..
Look Sharp/Trade Tight
  • #28,618
  • Oct 24, 2011 11:40am Oct 24, 2011 11:40am
Quoting PayTheLimit
take a look at the close from Sept 22, in fact draw a horizontal line using that level..
i'm getting sea sick...
  • #28,619
  • Oct 24, 2011 11:41am Oct 24, 2011 11:41am
Quoting pkimnyc
i'm getting sea sick...
let me hand you a bucket brother.....
Look Sharp/Trade Tight
  • #28,620
  • Oct 24, 2011 11:43am Oct 24, 2011 11:43am
Quoting PayTheLimit
let me hand you a bucket brother.....
prefer hot chick... , but thank you.
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