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The Really Useless Thread

  • #29,781
  • Oct 27, 2011 8:46pm Oct 27, 2011 8:46pm
Quoting pkimnyc
i get confused whenever we get these bastard moves...
where the fuck do i reload?....
not till 4076 (68/81 +-) area for me.. then you never know if we will check 3956 or not.
those who can, do. those who cant, talk about those who can
  • #29,782
  • Oct 27, 2011 8:49pm Oct 27, 2011 8:49pm
Quoting gatorinla
not till 4076 (68/81 +-) area for me.. then you never know if we will check 3956 or not.
yea, that's the only thing i can see so far. that's a lot of drop. what's in 4076? why there?
only thing i can see is that it's a mid point.
  • #29,783
  • Oct 27, 2011 9:34pm Oct 27, 2011 9:34pm
Quoting pkimnyc
yea, that's the only thing i can see so far. that's a lot of drop. what's in 4076? why there?
only thing i can see is that it's a mid point.
the pair many times tells you where it wants yo go. before it gets there.
its where i got 3972/79 from.. then on a smaller scale the area kept popping up. so maybe we go back to it. the pair likes to rest at the mid point. and many times reverses there. 3956 was one (a big one last move)..we rested just below it till we crossed. in the 30ties if you recall.. an = distance above 3956 is the 3970ties.

in the chart #1 tells where the m (50%) target is..(#2) 3975.5. if correct, it tells you the other levels. # 3 would be the 100% ....level 4 would be 150 %... bounces and turns can never be over looked. i don't know where we are going. i do know when we get there, where to make a stand. on a strong move 1/4 or other fibs may do the trick. use the previous or future level for an anchor.. then just place your fibs between.. works on any tf.. the pair don't have a watch. just the people trading.. no system works 100% of the time.. but all moves have a mid point..figuring it out is half of the trade. w/o the Greek crap we would be lower. probably 1.2... atm this is the trend until its not. if we get some LL LH and under these levels + 3956... we figure a d change.. plenty of trading both ways.. these are bull levels. bears will make their own footsteps. they walk different paths.
Attached Image
those who can, do. those who cant, talk about those who can
  • #29,784
  • Oct 27, 2011 9:47pm Oct 27, 2011 9:47pm
Quoting gatorinla
the pair many times tells you where it wants yo go. before it gets there.
its where i got 3972/79 from.. then on a smaller scale the area kept popping up. so maybe we go back to it. the pair likes to rest at the mid point. and many times reverses there. 3956 was one (a big one last move)..we rested just below it till we crossed. in the 30ties if you recall.. an = distance above 3956 is the 3970ties.

in the chart #1 tells where the m (50%) target is..(#2) 3975.5. if correct, it tells you the other levels. # 3 would be the 100% ....level...
thanks for the explanation. hope we don't get that low, but let's see.
  • #29,785
  • Oct 27, 2011 9:49pm Oct 27, 2011 9:49pm
Quoting pkimnyc
yea, that's the only thing i can see so far. that's a lot of drop. what's in 4076? why there?
only thing i can see is that it's a mid point.
looks like 4088 or a new tap on the h.. 4253... i give the ball 60/40 to 4088
those who can, do. those who cant, talk about those who can
  • #29,786
  • Oct 27, 2011 9:50pm Oct 27, 2011 9:50pm
Quoting pkimnyc
thanks for the explanation. hope we don't get that low, but let's see.
just sit and wait. ping pong.. use some indi help if need be.. sl are limited. its not about making money.. its about not losing it. the rest follows. the better the entry the less risk.. the more u make.
those who can, do. those who cant, talk about those who can
  • #29,787
  • Oct 27, 2011 9:53pm Oct 27, 2011 9:53pm
Quoting gatorinla
just sit and wait. ping pong.. use some indi help if need be.. sl are limited. its not about making money.. its about not losing it. the rest follows. the better the entry the less risk.. the more u make.
will be looking at 4030 area first. let's see. not really thrilled at this parabolic move.

1. next entry level becomes difficult to spot.
2. they usually occur at the end of the wave.
  • #29,788
  • Oct 27, 2011 10:00pm Oct 27, 2011 10:00pm
Quoting pkimnyc
thanks for the explanation. hope we don't get that low, but let's see.
4208 02 are key neutral levels in a past move.. they are part of a mofu.. 4253 is still in its gravity.. this mofu on the upper side is never a place not to be respected. this one is big enough to change turn us.. the s&p is just below one also.. so i scalp either way.. and hope to catch a trend train
those who can, do. those who cant, talk about those who can
  • #29,789
  • Oct 27, 2011 10:04pm Oct 27, 2011 10:04pm
Quoting pkimnyc
will be looking at 4030 area first. let's see. not really thrilled at this parabolic move.

1. next entry level becomes difficult to spot.
2. they usually occur at the end of the wave.
its friday.. we had the pump.. now will it dump.. black monday/friday? i hope not.. but i would like to long it at a lower price.
those who can, do. those who cant, talk about those who can
  • #29,790
  • Oct 27, 2011 10:09pm Oct 27, 2011 10:09pm
Quoting pkimnyc
will be looking at 4030 area first. let's see. not really thrilled at this parabolic move.

1. next entry level becomes difficult to spot.
2. they usually occur at the end of the wave.
the eurx has a gartly for about 100 pips lower.. the aj (120pips ) has one also. they still have room in the gartly to go north.. i got a a doji with a closed bearish engulfed on my aj 4h.. at these levels who is buying.. the 4h and gartly agree that we drop some. lets c what the pair says.. maybe 4076 for a entry?
those who can, do. those who cant, talk about those who can
  • #29,791
  • Oct 27, 2011 10:11pm Oct 27, 2011 10:11pm
Quoting gatorinla
its friday.. we had the pump.. now will it dump.. black monday/friday? i hope not.. but i would like to long it at a lower price.
me too. done for the day. let's see where we park next week. have a good weekend.
  • #29,792
  • Oct 27, 2011 10:14pm Oct 27, 2011 10:14pm
bbl..time to put out the meat, and beat the dog.
those who can, do. those who cant, talk about those who can
  • #29,793
  • Oct 27, 2011 10:41pm Oct 27, 2011 10:41pm
Quoting gatorinla
its friday.. we had the pump.. now will it dump.. black monday/friday? i hope not.. but i would like to long it at a lower price.
Idlike to long it too

After this weeks massive selloff of us paper I think the EU can push much much higher quickly before an epic implosion..


this full speed ahead money printing. Via twist, fed is printing to buy bonds so that Europe can sell out and repatriate back home. The rising Euro is then pressure released via Swiss printing to maintain the peg... a circle jerk of central bankers printing on the down low... What a clusterfuxk
  • #29,794
  • Oct 27, 2011 10:41pm Oct 27, 2011 10:41pm
Do I have to explain this pic? I guess not................. not here.
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #29,795
  • Oct 27, 2011 10:46pm Oct 27, 2011 10:46pm
Quoting Wulfgar
... a circle jerk of central bankers printing on the down low... What a clusterfuxk
makes me so damn mad. I am seriously perturbed. I sweartogod if The Family Guy wasn't on right now I would go out and throw a brick or something.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #29,796
  • Oct 27, 2011 10:53pm Oct 27, 2011 10:53pm
Quoting Wulfgar

After this weeks massive selloff of us paper I think the EU can push much much higher quickly before an epic implosion..
oh right i saw that thing in zerohedge. i get the feeling tho that they just be selling anything they own to raise some liquid euros.

I saw last week or so the Central Bank of Belarus (Ukraine? helll i get em all mixed up) was selling off the spare office furniture just to keep the lights on. hard times all around...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #29,797
  • Oct 27, 2011 10:54pm Oct 27, 2011 10:54pm
Quoting The Fool
makes me so damn mad. I am seriously perturbed. I sweartogod if The Family Guy wasn't on right now I would go out and throw a brick or something.

http://funnyartpictures.com/pics-fun...rick-truck.jpg



.
The Thief of Wall Street
  • #29,798
  • Oct 27, 2011 11:04pm Oct 27, 2011 11:04pm
Quoting Wulfgar
Idlike to long it too

After this weeks massive selloff of us paper I think the EU can push much much higher quickly before an epic implosion..


this full speed ahead money printing. Via twist, fed is printing to buy bonds so that Europe can sell out and repatriate back home. The rising Euro is then pressure released via Swiss printing to maintain the peg... a circle jerk of central bankers printing on the down low... What a clusterfuxk
dear wulfgar,

please go on chat...

thank you and good day

jon
  • #29,799
  • Oct 27, 2011 11:08pm Oct 27, 2011 11:08pm
Quoting The Fool
oh right i saw that thing in zerohedge. i get the feeling tho that they just be selling anything they own to raise some liquid euros.

I saw last week or so the Central Bank of Belarus (Ukraine? helll i get em all mixed up) was selling off the spare office furniture just to keep the lights on. hard times all around...
It's fuckin crazy...

You have a link for the ZH article? I just noticed all the short volume in the bond markets... It's really pretty disgusting...

And how in the hell hasn't this 50% haircut caused a monster CDS cascade of shit? There has got to be a ton of worthless insurance contracts out there now which equates to billions of dollars worth of
Uncovered sovereign long and short positions... I can't fathom the powers that be being just cool with having massive naked exposure to all this
Sovereign debt..
  • #29,800
  • Oct 27, 2011 11:09pm Oct 27, 2011 11:09pm
Quoting fxjawn
dear wulfgar,

please go on chat...

thank you and good day

jon
I'm laying downstairs watching the town posting on my iPhone... I'm covered in animals...
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