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The Really Useless Thread

  • #29,681
  • Oct 27, 2011 1:00pm Oct 27, 2011 1:00pm
Quoting fxjawn
u think we will make it ?
yep
  • #29,682
  • Oct 27, 2011 1:01pm Oct 27, 2011 1:01pm
Monthly looks nice
Attached Image (click to enlarge)
Click to Enlarge Name: eumonthly.gif Size: 25 KB
Disclaimer: Check your 1m charts
  • #29,683
  • Oct 27, 2011 1:02pm Oct 27, 2011 1:02pm
Quoting needpips
yep
yea i had 81 ish let see this is relentless.... just lettin one ride with a BE stop fuck it

i bet u dont "needpips" today lol
  • #29,684
  • Oct 27, 2011 1:02pm Oct 27, 2011 1:02pm
Superb move in the euro +430 ticks so far and ES still have 10 points to next R. Arriving to monthly levels now right on time before the monthly close. Key 1.423x (last swing high monthly rejection for those who check the daily and above will remember this level very clearly) and the almighty 1.436x which looked unreachable last week but here we are ...

In any case, here is my updated weekly chart just for reference (from the big screen so it looks a bit squeezed in the post)

sisse
Attached Image (click to enlarge)
Click to Enlarge Name: euro27.jpg Size: 72 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #29,685
  • Oct 27, 2011 1:07pm Oct 27, 2011 1:07pm
i dont even know where to set a damn tp so i can go to sleep bc its blown through all levels with only minor pullbacks
  • #29,686
  • Oct 27, 2011 1:09pm Oct 27, 2011 1:09pm
Quoting sisse
Superb move in the euro +430 ticks so far and ES still have 10 points to next R. Arriving to monthly levels now right on time before the monthly close. Key 1.423x (last swing high monthly rejection for those who check the daily and above will remember this level very clearly) and the almighty 1.436x which looked unreachable last week but here we are ...

In any case, here is my updated weekly chart just for reference (from the big screen so it looks a bit squeezed in the post)

sisse
has your view on ES changed for the remainder of the year ?
  • #29,687
  • Oct 27, 2011 1:10pm Oct 27, 2011 1:10pm
Quoting fxjawn
yea i had 81 ish let see this is relentless.... just lettin one ride with a BE stop fuck it

i bet u dont "needpips" today lol
actually...Im short...underwater..but it was all very small amounts....average 1.41...lettin it play
  • #29,688
  • Oct 27, 2011 1:13pm Oct 27, 2011 1:13pm
Ye olde 400 pip EU move....

Wait.... What???
Am I retarded for Thinkin this upmove on the Euro shoulda been capped 500 pips back??
  • #29,689
  • Oct 27, 2011 1:14pm Oct 27, 2011 1:14pm
Need close above 1.4226ish
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily.jpg Size: 91 KB
Disclaimer: Check your 1m charts
  • #29,690
  • Oct 27, 2011 1:18pm Oct 27, 2011 1:18pm
Quoting Wulfgar
Ye olde 400 pip EU move....

Wait.... What???
Am I retarded for Thinkin this upmove on the Euro shoulda been capped 500 pips back??
hi friend
  • #29,691
  • Oct 27, 2011 1:22pm Oct 27, 2011 1:22pm
MarketWatch MarketWatch



U.S. military’s humvee truck replacement may cost $350,000 each, U.S. plans to order more than 60,000 on.mktw.net/tcgWlv



Crisis? What crisis?

Seb
  • #29,692
  • Oct 27, 2011 1:22pm Oct 27, 2011 1:22pm
Quoting pipper
Need close above 1.4226ish
nice chart.
  • #29,693
  • Oct 27, 2011 1:23pm Oct 27, 2011 1:23pm
Quoting pipper
Need close above 1.4226ish
only two touches?
well, looks like rather weak TL to me...



Seb
  • #29,694
  • Oct 27, 2011 1:25pm Oct 27, 2011 1:25pm
Quoting darimik
has your view on ES changed for the remainder of the year ?
Well very good question.

TA wise first Weekly/Monthly closing above 1248x confirms a rejection of swing lows both in weekly/monthly (Reversal). Second, 1290.xx is the last weekly/daily R above that swing low.

Therefore a break 1290 is need for further momentum up after confirmed reversal next week targeting the only levels open which are the weak monthly R (136x.xx) and the yearly 1480 (2008 highs) to be reached probably after the 1st quarter 2012.

FA wise, the current move went beyond the usual recovery from the risk off move and is flirting to enter in bull territory. A relatively good Earnings season, US numbers have improve a lot the last month (still sluggish in general) and debt risk seems to be out of the equation after this move. Finally December rally and bonuses around the corner to put the cherry on top.

A good consecutive NFP next week confirming the "recovery" will be enough to enter in happy mode in stocks until the end of the year (with the obvious swings in between).

To the downside, it looks difficult to push out all the fresh money that is riding this wave, so only a French and/ or US downgrade could do something and TAwise very clearly is the above-mentioned weekly/monthly swing low the last one in play for bears.

In simple words 1290xx with weekly/monthly close and 136x.xx will be around the corner...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #29,695
  • Oct 27, 2011 1:30pm Oct 27, 2011 1:30pm
Cheers PK. Hope today has been good for you mate

Quoting pkimnyc
nice chart.
Disclaimer: Check your 1m charts
  • #29,696
  • Oct 27, 2011 1:31pm Oct 27, 2011 1:31pm
Quoting pipper
Cheers PK. Hope today has been good for you mate
  • #29,697
  • Oct 27, 2011 1:34pm Oct 27, 2011 1:34pm
Quoting fxjawn
hi friend
hai buddy

I quit forex after today... just lettin u know... kthxbyeeeee
  • #29,698
  • Oct 27, 2011 1:35pm Oct 27, 2011 1:35pm
Quoting Wulfgar
hai buddy

I quit forex after today... just lettin u know... kthxbyeeeee
beer.
Hero calls followed by margin calls...
  • #29,699
  • Oct 27, 2011 1:36pm Oct 27, 2011 1:36pm
Quoting Wulfgar
hai buddy

I quit forex after today... just lettin u know... kthxbyeeeee
have a good weekend. see you next week.
  • #29,700
  • Oct 27, 2011 1:36pm Oct 27, 2011 1:36pm
Quoting gatorinla
something has to give...

http://blogs.wsj.com/overheard/2011/...o-rally-again/
shhhh with all that logical talk that the EZ is doin nothing but treating the symptom while doing absolutely nothing about the problem...

Rally on!!!!
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