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The Really Useless Thread

  • #33,821
  • Nov 16, 2011 3:36am Nov 16, 2011 3:36am
Quoting sisse
Yesterday lows bro. Bear trap in play intraday but given the levels in daily and above I am more inclined to play the short squeeze.

...

sisse
what do you make of the strong push through last weeks low...3483..
Look Sharp/Trade Tight
  • #33,822
  • Nov 16, 2011 3:37am Nov 16, 2011 3:37am
Quoting fxjawn
na 25 pips at one point...until the fade was no longer a good trade and then its back to normall... average spread of 20 though...5785-5805 at one point

that criminal, how wide did your EUR get at the same period?
Look Sharp/Trade Tight
  • #33,823
  • Nov 16, 2011 3:43am Nov 16, 2011 3:43am
looking at 576 close of yesterday LO h1 and 496 yesterday London low
  • #33,824
  • Nov 16, 2011 3:49am Nov 16, 2011 3:49am
Quoting chazzle
looking at 576 close of yesterday LO h1 and 496 yesterday London low
what say you about 3492 last hours mid/3483 last weeks low combo?
Look Sharp/Trade Tight
  • #33,825
  • Nov 16, 2011 3:50am Nov 16, 2011 3:50am
Quoting gatorinla
L41
out at 3530.. s with a nibble @ 3530
those who can, do. those who cant, talk about those who can
  • #33,826
  • Nov 16, 2011 3:54am Nov 16, 2011 3:54am
Quoting gatorinla
out at 3530.. s with a nibble @ 3530
nice trade bro, you using wider stops lately?
Look Sharp/Trade Tight
  • #33,827
  • Nov 16, 2011 3:58am Nov 16, 2011 3:58am
Quoting USD-Bear
bugger, that 1.3521 from gator might be interesting.....
USD-index
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  • #33,828
  • Nov 16, 2011 4:01am Nov 16, 2011 4:01am
Quoting PayTheLimit
what say you about 3492 last hours mid/3483 last weeks low combo?
well just 5 pips under yesterday low and 484 last week low and and 497 the close of that h1 - if we drop to that area i would expect a bounce - how hard , depends where we drop from
  • #33,829
  • Nov 16, 2011 4:01am Nov 16, 2011 4:01am
Quoting gatorinla
out at 3530.. s with a nibble @ 3530
looks a little early atm.. maybe should of waited for 3580/83
those who can, do. those who cant, talk about those who can
  • #33,830
  • Nov 16, 2011 4:05am Nov 16, 2011 4:05am
Quoting chazzle
well just 5 pips under yesterday low and 484 last week low and and 497 the close of that h1 - if we drop to that area i would expect a bounce - how hard , depends where we drop from
ship sailed on that area for now..up near the area you mentioned I'm also watching 3567ish...
Look Sharp/Trade Tight
  • #33,831
  • Nov 16, 2011 4:07am Nov 16, 2011 4:07am
Quoting Larseg
USD-index
great views, lately following USDOLLAR-Index more because it's available in platform, although I prefer USDX.
If I wasn't as cautious as I am right now, would consider a short at current level 1.3555

USDOLLAR H4:
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Don't be a hero. Don't have an ego. Always question yourself
  • #33,832
  • Nov 16, 2011 4:11am Nov 16, 2011 4:11am
Quoting PayTheLimit
nice trade bro, you using wider stops lately?
i did on the long.. i figured 3530 was it .. but pa said 24 was the target. then i had other things up to 3412 at the time. i was gonna add up to 12..

im just nibbling on the s atm. cause we can go to 3760.... i dont think we will.. but we can.. we got a LL last week followed by a LH .. and now a new LL... just look for tired candles. 3580 3607 ect.
those who can, do. those who cant, talk about those who can
  • #33,833
  • Nov 16, 2011 4:12am Nov 16, 2011 4:12am
Quoting PayTheLimit
ship sailed on that area for now..up near the area you mentioned I'm also watching 3567ish...
yup - looking at 563 again same as yesterday , those h closes and 610 again also - NOV1 low with a magic diagonal line which cuts through it in the near future
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  • #33,834
  • Nov 16, 2011 4:13am Nov 16, 2011 4:13am
Quoting USD-Bear
great views, lately following USDOLLAR-Index more because it's available in platform, although I prefer USDX.
If I wasn't as cautious as I am right now, would consider a short at current level 1.3555

USDOLLAR H4:
Attachment

Always good to have a look over the basket index.

I think the problem now is that she is actually driven a fair amount fundamentally... And ECB has moved it a fair amount and they are not in for a quick trade if you now what I mean....
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  • #33,835
  • Nov 16, 2011 4:14am Nov 16, 2011 4:14am
Quoting PayTheLimit
that criminal, how wide did your EUR get at the same period?
euro was normal it was jut for the pound specific news that came out...

you have to enter say 5min pre news... just wait a bit
  • #33,836
  • Nov 16, 2011 4:20am Nov 16, 2011 4:20am
bbl, gl, PTL...
Look Sharp/Trade Tight
  • #33,837
  • Nov 16, 2011 4:22am Nov 16, 2011 4:22am
Quoting Larseg

Always good to have a look over the basket index.

I think the problem now is that she is actually driven a fair amount fundamentally... And ECB has moved it a fair amount and they are not in for a quick trade if you now what I mean....
exactly, think I concentrate on the less correlated USOil around 100
Don't be a hero. Don't have an ego. Always question yourself
  • #33,838
  • Nov 16, 2011 4:31am Nov 16, 2011 4:31am
gbp gonna fall
those who can, do. those who cant, talk about those who can
  • #33,839
  • Nov 16, 2011 4:33am Nov 16, 2011 4:33am
Quoting gatorinla
gbp gonna fall
should b/o st target 5695 ++
those who can, do. those who cant, talk about those who can
  • #33,840
  • Nov 16, 2011 4:34am Nov 16, 2011 4:34am
Quoting USD-Bear
exactly, think I concentrate on the less correlated USOil around 100

Love the oil

as we speak the shit has hit the fan, good r:r trade already materialized
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