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The Really Useless Thread

  • #32,701
  • Nov 11, 2011 2:26am Nov 11, 2011 2:26am
wonder if this will change the picture...
Look Sharp/Trade Tight
  • #32,702
  • Nov 11, 2011 2:27am Nov 11, 2011 2:27am
Quoting PayTheLimit
swing/key close chart....
Morning.

Only one level to watch for the weekly close in the euro 1.361x to open the 1.334x / 1.330x. Intraday 1.368x mildly open to max retrace.

Stocks getting into the driver sit. DAX taking control for the European session (and most of the day probably) after bonds keep falling and spread keep tightening especially Italian. Dax and friends testing rejected back daily R right now (very fadable) and a failure to do it will open a bull trap for a downtrend continuation intraday in the euro 1.368x (also in the AUD 1.018)...

We'll see and GL today.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,703
  • Nov 11, 2011 2:41am Nov 11, 2011 2:41am
Quoting sisse
Morning.

Only one level to watch for the weekly close in the euro 1.361x to open the 1.334x / 1.330x. Intraday 1.368x mildly open to max retrace.

Stocks getting into the driver sit. DAX taking control for the European session (and most of the day probably) after bonds keep falling and spread keep tightening especially Italian. Dax and friends testing rejected back daily R right now (very fadable) and a failure to do it will open a bull trap for a downtrend continuation intraday in the euro 1.368x (also in the AUD 1.018)...

We'll see and GL...
morning bro, and I agree, that would also close below 3635, that weekly MIB mid...question is, what if we close above?
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #32,704
  • Nov 11, 2011 2:51am Nov 11, 2011 2:51am
Quoting PayTheLimit
morning bro, and I agree, that would also close below 3635, that weekly MIB mid...question is, what if we close above?
As mentioned yesterday, in my books the answer is in monthly that is overriding and in control. In simple words will need to close above 1.369x (monthly level not weekly or daily) to put us in untradable noise chop zone till the end of the month...

Btw check DAX right now...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #32,705
  • Nov 11, 2011 2:55am Nov 11, 2011 2:55am
Quoting sisse
As mentioned yesterday, in my books the answer is in monthly that is overriding and in control. In simple words will need to close above 1.369x (monthly level not weekly or daily) to put us in untradable noise chop zone till the end of the month...

Btw check DAX right now...
sisse
on fire...

gave back my morning profit on that rally
  • #32,706
  • Nov 11, 2011 2:58am Nov 11, 2011 2:58am
Quoting sisse
As mentioned yesterday, in my books the answer is in monthly that is overriding and in control. In simple words will need to close above 1.369x (monthly level not weekly or daily) to put us in untradable noise chop zone till the end of the month...

Btw check DAX right now...

sisse
again I'm with you bro...last months mid is 3696, and the mid of the big daily break from the day before yesterday is 3690...with a daily close above there I suspect we could see some more buyers...


ps 3642 is the swing high close from yesterday, wonder if they clear it on the close here...
Look Sharp/Trade Tight
  • #32,707
  • Nov 11, 2011 3:00am Nov 11, 2011 3:00am
Quoting PayTheLimit


ps 3642 is the swing high close from yesterday, wonder if they clear it on the close here...
beat it by 10 ticks, not that impressed with that candle...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 24 KB
Look Sharp/Trade Tight
  • #32,708
  • Nov 11, 2011 3:01am Nov 11, 2011 3:01am
trying a sell on aussie at 1.0164
  • #32,709
  • Nov 11, 2011 3:03am Nov 11, 2011 3:03am
Quoting PayTheLimit
beat it by 10 ticks, not that impressed with that candle...
that being said, we did beat 3635, with a kiss of 3608 that hour...look to buy a pullback here and play for 3690...not crazy about that idea...more sitting on hands I guess...
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Look Sharp/Trade Tight
  • #32,710
  • Nov 11, 2011 3:08am Nov 11, 2011 3:08am
I mean if this thing is so great, why the bastards giving me a chance to buy a dip?
Look Sharp/Trade Tight
  • #32,711
  • Nov 11, 2011 3:08am Nov 11, 2011 3:08am
Just got done with the
Move...

If anyone needs me I'll be watching Noda while unpacking
  • #32,712
  • Nov 11, 2011 3:09am Nov 11, 2011 3:09am
Quoting Wulfgar
Just got done with the
Move...

If anyone needs me I'll be watching Noda while unpacking
o
  • #32,713
  • Nov 11, 2011 3:11am Nov 11, 2011 3:11am
Quoting PayTheLimit
I mean if this thing is so great, why the bastards giving me a chance to buy a dip?
bc u create the dips damn... u must have sold the 163 with me
  • #32,714
  • Nov 11, 2011 3:12am Nov 11, 2011 3:12am
3635 last hours mid...
Look Sharp/Trade Tight
  • #32,715
  • Nov 11, 2011 3:12am Nov 11, 2011 3:12am
payed 3639...play for 3689, risk 3619ish...
Look Sharp/Trade Tight
  • #32,716
  • Nov 11, 2011 3:19am Nov 11, 2011 3:19am
Quoting fxjawn
bc u create the dips damn... u must have sold the 163 with me
was look to sell em higher, but they look stuck in that range over there, what a EUR/AUD chart look like...
Look Sharp/Trade Tight
  • #32,717
  • Nov 11, 2011 3:22am Nov 11, 2011 3:22am
this one looks serious
"If The Fool persists in his Folly he will become wise." - William Blake
  • #32,718
  • Nov 11, 2011 3:23am Nov 11, 2011 3:23am
Quoting PayTheLimit
was look to sell em higher, but they look stuck in that range over there, what a EUR/AUD chart look like...
kinda looks like a move on up

ck out the daily its truckin back up the range there
  • #32,719
  • Nov 11, 2011 3:28am Nov 11, 2011 3:28am
Quoting PayTheLimit
was look to sell em higher, but they look stuck in that range over there, what a EUR/AUD chart look like...
dude eur/aud moves choppy as shit lately
  • #32,720
  • Nov 11, 2011 3:29am Nov 11, 2011 3:29am
Quoting fxjawn
kinda looks like a move on up

ck out the daily its truckin back up the range there
still looks crapish on the hourly...could gain a tad if EUR/AUD runs into some resistance...still prefer to look for shorts in there..I wonder if the EUR trades 3700, where the AUD will be...
Look Sharp/Trade Tight
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