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The Really Useless Thread

  • #32,081
  • Nov 9, 2011 5:26am Nov 9, 2011 5:26am
Quoting sisse
Well TAwise 181x.x strong weekly R & fresh daily R seems unavoidable. Above need a break. However, FA wise i am not that sure and it will depend on how serious is the panic move (hasn't started in stocks and etc).

If the things goes very ugly will see a run to treasuries again with a "selloff" in gold to 165x.x with intermediate level at 170x.x (last break out). If this is a "normal"risk off mode (not clear yet) will see a break of 181x to test all time highs

sisse
we just flip to bear side on intraday chart [4h]; short term, testing 1752 is on card, taking of 1750 on daily basis we go down to test weekly level 1680, or even more to 1550-1600 [double bottom and monthly S/R]

so far, as the charts are aligned we are up to the higher levels. Taking the 1800 level [daily close above] and we go to next 1820 and test the high.. However, TA without FA is a short run, so I guess we have to wait to see...

Important S/R levels on daily charts:

1606 [magenta = monthly]
1680 [yellow = weekly]
1752 [white = daily]

cheers

[Charts]
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  • #32,082
  • Nov 9, 2011 5:26am Nov 9, 2011 5:26am
3608, last weeks low...
Look Sharp/Trade Tight
  • #32,083
  • Nov 9, 2011 5:30am Nov 9, 2011 5:30am
Quoting PayTheLimit
3608, last weeks low...
another 400 pip day?
  • #32,084
  • Nov 9, 2011 5:34am Nov 9, 2011 5:34am
Quoting fxjawn
another 400 pip day?
612 the record over the last twent years....late 2008 saw a handful of 500 pippers...
Look Sharp/Trade Tight
  • #32,085
  • Nov 9, 2011 5:35am Nov 9, 2011 5:35am
last weeks low in the AUD..1.0201ish
Look Sharp/Trade Tight
  • #32,086
  • Nov 9, 2011 5:36am Nov 9, 2011 5:36am
some numbers I came up with.... 3632 to much lower.. got my earlier 20. we are just slicing through them..

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  • #32,087
  • Nov 9, 2011 5:36am Nov 9, 2011 5:36am
Quoting PayTheLimit
3608, last weeks low...
Maybe you want to check the mid of the weekly MIB (10/10/2011). It was already tested for a continuation up last week/this week, second test now... but is a mid so it wont hold clean the 2nd test, so chop or break....monthly has the answer and upper hand a break 1.369x will open 1.335x/1.330x non stop ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,088
  • Nov 9, 2011 5:37am Nov 9, 2011 5:37am
Quoting PayTheLimit
612 the record over the last twent years....late 2008 saw a handful of 500 pippers...
cool i know we had a 400 pip up day not to long ago on aussie...

this level right here is pretty big on the ausse
  • #32,089
  • Nov 9, 2011 5:42am Nov 9, 2011 5:42am
Quoting fxjawn
cool i know we had a 400 pip up day not to long ago on aussie...

this level right here is pretty big on the ausse

them is EUR numbers...
Look Sharp/Trade Tight
  • #32,090
  • Nov 9, 2011 5:46am Nov 9, 2011 5:46am
Quoting sisse
Maybe you want to check the mid of the weekly MIB (10/10/2011). It was already tested for a continuation up last week/this week, second test now... but is a mid so it wont hold clean the 2nd test, so chop or break....monthly has the answer and upper hand a break 1.369x will open 1.335x/1.330x non stop ....

sisse
thats 3635 mate, if we are talking about the same week thats is...
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Look Sharp/Trade Tight
  • #32,091
  • Nov 9, 2011 5:51am Nov 9, 2011 5:51am
well this aint too bad to wake up to! i blame ptl for emphasising those hourly closes below 3845, you bastard!
Don't have an ego. Always question yourself and your ability.
  • #32,092
  • Nov 9, 2011 5:54am Nov 9, 2011 5:54am
Quoting RamsesII
well this aint too bad to wake up to! i blame ptl for emphasising those hourly closes below 3845, you bastard!

Look Sharp/Trade Tight
  • #32,093
  • Nov 9, 2011 5:57am Nov 9, 2011 5:57am
Quoting PayTheLimit
thats 3635 mate, if we are talking about the same week thats is...
Yeap bro exactly the same. In my books, the level in play on the downside is on the rejection of swing low on the bars sep 12/19 area to confirm the reversal up (not uptrend btw, as is still LH). Failure to hold will open last year lows and beyond...but thats well ahead in time so first that play ...after we'll see.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,094
  • Nov 9, 2011 6:00am Nov 9, 2011 6:00am
Quoting sisse
Yeap bro exactly the same. In my books, the level in play on the downside is on the rejection of swing low on the bars sep 12/19 area to confirm the reversal up (not uptrend btw, as is still LH). Failure to hold will open last year lows and beyond...but thats well ahead in time so first that play ...after we'll see.

sisse
here is another one to put in your pipe and smoke, its a daily MIB, its mid is 3538, could be in play today...
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Look Sharp/Trade Tight
  • #32,095
  • Nov 9, 2011 6:04am Nov 9, 2011 6:04am
Quoting PayTheLimit
here is another one to put in your pipe and smoke, its a daily MIB, its mid is 3538, could be in play today...
I see nice it also coincides with the rejection of swing low in daily....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,096
  • Nov 9, 2011 6:05am Nov 9, 2011 6:05am
Quoting sisse
I see nice it also coincides with the rejection of swing low in daily....

sisse
GOLD !!!!!
  • #32,097
  • Nov 9, 2011 6:08am Nov 9, 2011 6:08am
momentary gold strength ironically may boost the eur if usd gets sold for gold buys
"If The Fool persists in his Folly he will become wise." - William Blake
  • #32,098
  • Nov 9, 2011 6:09am Nov 9, 2011 6:09am
Quoting needpips
1.36....thats where I was looking as well
ching ching
  • #32,099
  • Nov 9, 2011 6:10am Nov 9, 2011 6:10am
maybe 3580 will happen this time
  • #32,100
  • Nov 9, 2011 6:13am Nov 9, 2011 6:13am
my really super lower target is 3480-ish though........
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