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The Really Useless Thread

  • #31,321
  • Nov 5, 2011 3:57am Nov 5, 2011 3:57am
http://www.zerohedge.com/news/cme-go...ial-everything

Anybody care to comment on this beauty?
Kill the ego, or it will kill the mission.
  • #31,322
  • Nov 6, 2011 3:03am Nov 6, 2011 3:03am
Quoting AaronWard
http://www.zerohedge.com/news/cme-go...ial-everything

Anybody care to comment on this beauty?
I'm working on it

This has created many wtf's in my head... This really does stink to high hell..
  • #31,323
  • Nov 6, 2011 3:17am Nov 6, 2011 3:17am
Quoting AaronWard
http://www.zerohedge.com/news/cme-go...ial-everything

Anybody care to comment on this beauty?
cme just trying to ease the migration of accounts from titsup MFGlobal. They shoulda explained it thusly from the getgo. But I'm not seeing a negative effect per se

http://www.cmegroup.com/tools-inform...hadv11-400.pdf

"By reducing the initial margin "ratio" to 1.00, we ensure that margin calls that are issued to these transferred MF Global customers will be limited to bringing their accounts into compliance with the lower, "maintenance" margin levels."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #31,324
  • Edited 3:32am Nov 6, 2011 3:17am | Edited 3:32am
Quoting Wulfgar
I'm working on it

This has created many wtf's in my head... This really does stink to high hell..
yeah... lots more about this in the news room. People are starting to get worried. I really cant figure out what it means from a forex perspective except that it should create a bit of volatility and maybe some risk off sentiment.

Fool

Cant download that for some reason but the key question seems to be if CME is increasing or decreasing margin levels. ZH seems to the former while CME seems to think the latter.
Kill the ego, or it will kill the mission.
  • #31,325
  • Nov 6, 2011 5:34am Nov 6, 2011 5:34am
Corzine's apparent lack of common sense is shocking.
  • #31,326
  • Nov 6, 2011 8:29am Nov 6, 2011 8:29am
Quoting AaronWard
A quick look through of the last two years will show that only one Monday morning gap of the EU was not filled within 10 days. This works out to about a 98% success rate (working on the assumption that it only gaps 1 in 2 times) But sometimes it takes a run of 800 pips before it gets around to closing. And life would have sucked for you if it were indeed that 1 time that it didn't close.

But Chicky, my chart does not show a gap this Monday (although it shows all the others). Why does yours?
Absolutely correct. It can run upto n number of pips before gap is filled.

My chart shows self created gaps by ignoring data from Friday NY Close to next week Tokyo open. Please do remember I do not trade gaps but consider them strong support/resistance levels.
The Thief of Wall Street
  • #31,327
  • Nov 6, 2011 9:36am Nov 6, 2011 9:36am
Quoting Chicky
Absolutely correct. It can run upto n number of pips before gap is filled.

My chart shows self created gaps by ignoring data from Friday NY Close to next week Tokyo open. Please do remember I do not trade gaps but consider them strong support/resistance levels.
Since a gap is by definition is the difference between a weekly close and a weekly open, I suppose would have to be a very strong S/R. Thanks for clarifying that about your chart.
Kill the ego, or it will kill the mission.
  • #31,328
  • Nov 6, 2011 10:42am Nov 6, 2011 10:42am
Sleeping through Asia tonight, will wake up at 05:00 GMT +1 as usual to start my day, check the movements, go to the gym, relax and trade.

So here is my trading plan for the week, not going to go into too much detail since those with a brain will be able to decipher pretty quickly what my "if --> then --> Execute" scenarios are going to be.

H1:
Attached Image (click to enlarge)
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H4:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.png Size: 110 KB

Weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_WEEKLY1.png Size: 128 KB

Weekly (another viewpoint):
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly2.png Size: 86 KB
  • #31,329
  • Nov 6, 2011 11:05am Nov 6, 2011 11:05am
Happy eid Mubarrak to all here in FF .

Looking pullback in weekly+ daily tf to continue now at lower tf also .so if able do gap up & continue down next .
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #31,330
  • Nov 6, 2011 11:32am Nov 6, 2011 11:32am
Quoting Orbital
Sleeping through Asia tonight, will wake up at 05:00 GMT +1 as usual to start my day, check the movements, go to the gym, relax and trade.

So here is my trading plan for the week, not going to go into too much detail since those with a brain will be able to decipher pretty quickly what my "if --> then --> Execute" scenarios are going to be.

H1:
Attachment
H4:
Attachment
Weekly:
Attachment
Weekly (another viewpoint):
Attachment
Nice chart. Especially the flag.
  • #31,331
  • Nov 6, 2011 12:59pm Nov 6, 2011 12:59pm
Greek leaders are meeting right now, look for former ECB vice president, Lucas Papademos to be asked to be PM for a new interm government...
Look Sharp/Trade Tight
  • #31,332
  • Nov 6, 2011 1:24pm Nov 6, 2011 1:24pm
Quoting PayTheLimit
Greek leaders are meeting right now, look for former ECB vice president, Lucas Papademos to be asked to be PM for a new interm government...
...next stop, Italy....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #31,333
  • Nov 6, 2011 1:38pm Nov 6, 2011 1:38pm
*fingers crossed for shit hitting the fan this week*
  • #31,334
  • Nov 6, 2011 1:48pm Nov 6, 2011 1:48pm
Who cares about G-Pap stepping down and bein replaced by L-Pap... Just another Europuppet...

Either way.... Bullish
  • #31,335
  • Nov 6, 2011 2:07pm Nov 6, 2011 2:07pm
Quoting Wulfgar
Who cares about G-Pap stepping down and bein replaced by L-Pap... Just another Europuppet...

Either way.... Bullish
Bias for me is bullish while drift is in tact. I would like to note H4 while making new highs, has not closed above any recent created high. (A close above a high vs making a new high is not enough conviction for up move for me). Though, we are creating higher lows...

3866 will be an interesting level this coming week.
  • #31,336
  • Nov 6, 2011 2:13pm Nov 6, 2011 2:13pm
Quoting Venice
Bias for me is bullish while drift is in tact. I would like to note H4 while making new highs, has not closed above any recent created high. (A close above a high vs making a new high is not enough conviction for up move for me). Though, we are creating higher lows...

3866 will be an interesting level this coming week.
yep...bullish me 2....3940ish...an important level
  • #31,337
  • Nov 6, 2011 2:25pm Nov 6, 2011 2:25pm
curious if 3777 r 90 (90 st pa) outside is the new high. 3767 is doing what 3767 should do.. and 3697 is the one under. just in case a pending s still at 3975.5 ... 3836 is in the same sequence, as is 4253 and 3797
those who can, do. those who cant, talk about those who can
  • #31,338
  • Nov 6, 2011 2:32pm Nov 6, 2011 2:32pm
Quoting needpips
yep...bullish me 2....3940ish...an important level
Only reason I point out the High/close thing with the H4.. is that we do look rather bear flaggish. Also have 3940... would be the top in the right shoulder, should it carry out that way.

Formation may be a bit more of a H&S from a ghoul though.
  • #31,339
  • Nov 6, 2011 2:33pm Nov 6, 2011 2:33pm
Quoting Venice
Only reason I point out the High/close thing with the H4.. is that we do look rather bear flaggish.
  • #31,340
  • Nov 6, 2011 2:51pm Nov 6, 2011 2:51pm
Quoting Wulfgar
Who cares about G-Pap stepping down and bein replaced by L-Pap... Just another Europuppet...

Either way.... Bullish
so get short asap?
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