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The Really Useless Thread

  • #34,441
  • Nov 18, 2011 2:26am Nov 18, 2011 2:26am
Quoting PayTheLimit
those mother fuckers...AUD came in weak, but now there's weakness in EUR/AUD...so its crap right now, I play for .9882, via .9934...
fuck that Eur/Aud man

I was happily shorting that bitch till it did a 180 on me and blew me out...

I dont even have any good areas to work with on EA now....

best I got is 3544-74 above and 3452ish below...
  • #34,442
  • Nov 18, 2011 2:26am Nov 18, 2011 2:26am
Quoting KiwiTrada
Yes, corelation been off lately higher tf , reactions lower tf to levels been ok.
Daily 103 30 was pretty easy entry, nice smackdown but has hit ltl of 1hr ascending channel, ltl of channel is also snaking 200sma, just bounced earlier today
I watching ltl and 200sma , for clues to the others, Aussie is snaking parity, is always worth 1 eyeball
She behave better than EU and Cable presently, to much whippy crap, AU Kiwi and crude and gold behave much better
Swissy has reject 2nd retest of breached 1hr falling wedge maybe she give clues too, waiting...
They is cleanest charts could find, really tempt to clear some charts and start again, they getting too cluttered

She is bounce, trades are only partial, BE+ & banked at ltl 200sma and possible neck of H&S

Time will tell
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: US Oil Daily 18 11 2011.png Size: 42 KB
If you are new to Forex? Say Goodbye to your account!!
  • #34,443
  • Nov 18, 2011 2:27am Nov 18, 2011 2:27am
Quoting PayTheLimit
3507, last hours mid..
Morning bro,

Back to square one. After 4th attempt in the same level I have managed a staggering 10 ticks in total in the euro...lol. Whoever, is sitting at 1.345x must be big enough for now. I recheck my charts and I don't have anything important there but price refuses to break it.

Bonds in the same line. Spain just breached 7.xx as expected before elections and FA and TA are aligned down in my books to 1,334x/1.330x at least. After all the 4 days action we have a very compress range in H4 (symmetrical triangle, trading at the apex right on London open). Given the stubbornness to break down a deeper retrace to 1.360x area is open for the weekly roll. So staying on the sidelines in the euro and only taking the break down in H4 or the fade in daily R outside of the triangle...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #34,444
  • Nov 18, 2011 2:29am Nov 18, 2011 2:29am
Quoting Wulfgar
fuck that Eur/Aud man

I was happily shorting that bitch till it did a 180 on me and blew me out...

I dont even have any good areas to work with on EA now....

best I got is 3544-74 above and 3452ish below...
yea, I dont trade it either, try not to chart it even, just noticed the PA on the outrights, its almost like I need the EUR to rally for the AUD to break, lol..hate it all..
Look Sharp/Trade Tight
  • #34,445
  • Nov 18, 2011 2:33am Nov 18, 2011 2:33am
Quoting PayTheLimit
nice...you scalpin fool....lol..
sure, just hit each one of those risers at the BB limit, shorts only cuz you know breakouts south are cookin, say $50/pip, 6-8 pips each, tight mental stop 4pips above the band....shit if she'd range like that for 30 minutes a day I could bail out europe myself
"If The Fool persists in his Folly he will become wise." - William Blake
  • #34,446
  • Nov 18, 2011 2:34am Nov 18, 2011 2:34am
Quoting sisse
Morning bro,

Back to square one. After 4th attempt in the same level I have managed a staggering 10 ticks in total in the euro...lol. Whoever, is sitting at 1.345x must be big enough for now. I recheck my charts and I don't have anything important there but price refuses to break it.

Bonds in the same line. Spain just breached 7.xx as expected before elections and FA and TA are aligned down in my books to 1,334x/1.330x at least. After all the 4 days action we have a very compress range in H4 (symmetrical triangle, trading at the apex right...
lol, I hear you bro...range trading at its finest...the guy buying down there is the same guy selling up here, no question..the market looks scared at pressing the lows, for fear of ECB action, but that will wear off eventually, I am eyeing 3526, one of my monthly numbers, only a good push/close above it will give us a chance at a rally..

ps, and by rally I mean a chance at 3686/91...
Look Sharp/Trade Tight
  • #34,447
  • Nov 18, 2011 2:43am Nov 18, 2011 2:43am
Quoting PayTheLimit
lol, I hear you bro...range trading at its finest...the guy buying down there is the same guy selling up here, no question..the market looks scared at pressing the lows, for fear of ECB action, but that will wear off eventually, I am eyeing 3526, one of my monthly numbers, only a good push/close above it will give us a chance at a rally..
Brilliant. You are absolutely right ..... Don't have much in the monthly at these levels outside of 1.351x and one of those magic lines I don't pay much attention or trade at 1.358x....

To the top side I am looking 1.354x broken daily S (but already tested) and the weekly 1.361x (the one I want).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #34,448
  • Nov 18, 2011 2:44am Nov 18, 2011 2:44am
Brent Oil is closing in for 1st retest of monthly open 109 20, approx distant for US Oil right shoulder if they both play out ladies is bricks, is going to be a tight call

Everythong is falling into place, perfect time for pa do exact bloody opposite, is tempting to start build position, just not sure which girl
If you are new to Forex? Say Goodbye to your account!!
  • #34,449
  • Nov 18, 2011 2:48am Nov 18, 2011 2:48am
Quoting sisse
Brilliant. You are absolutely right ..... Don't have much in the monthly at these levels outside of 1.351x and one of those magic lines I don't pay much attention or trade at 1.358x....

To the top side I am looking 1.354x broken daily S (but already tested) and the weekly 1.361x (the one I want).

sisse
here are some monthly levels, the orange are the magic numbers, kinda like magic beans...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #34,450
  • Nov 18, 2011 2:51am Nov 18, 2011 2:51am
Quoting The Fool
sure, just hit each one of those risers at the BB limit, shorts only cuz you know breakouts south are cookin, say $50/pip, 6-8 pips each, tight mental stop 4pips above the band....shit if she'd range like that for 30 minutes a day I could bail out europe myself
you need to get on front month Fed Funds, its used to be a cool $41.67 a tick on a one lot, but the bastards trade in halfs and quarters now..
Look Sharp/Trade Tight
  • #34,451
  • Nov 18, 2011 2:58am Nov 18, 2011 2:58am
Quoting PayTheLimit
the guy buying down there is the same guy selling up here, no question..the market looks scared at pressing the lows, for fear of ECB action, but that will wear off eventually...
the euro is banded, effectively...why wouldn't they let her drop? as the ez drifts into recession the weaker euro would help exporters, offer a better chance at growth. If you camp out with the conspiracy theorists, the crisis is being managed to foment integration of the zone member states, and it will be "solved" when that program is moving along. Not just any solution, but the right solution. But who knows, really? - this is why I scalp....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #34,452
  • Nov 18, 2011 3:01am Nov 18, 2011 3:01am
If we go down would like to see rejection @ 99.75
If we go up would like to see rejection @ 97.10

USOil M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #34,453
  • Nov 18, 2011 3:02am Nov 18, 2011 3:02am
Quoting chazzle
long off last week low , the h close - give it 30 look for 50
locked at b/e
  • #34,454
  • Nov 18, 2011 3:04am Nov 18, 2011 3:04am
Quoting PayTheLimit
you need to get on front month Fed Funds, its used to be a cool $41.67 a tick on a one lot, but the bastards trade in halfs and quarters now..
also CL can be a blast to scalp, but I like the sizing flexibility of spot
"If The Fool persists in his Folly he will become wise." - William Blake
  • #34,455
  • Nov 18, 2011 3:07am Nov 18, 2011 3:07am
Quoting The Fool
the euro is banded, effectively...why wouldn't they let her drop? as the ez drifts into recession the weaker euro would help exporters, offer a better chance at growth. If you camp out with the conspiracy theorists, the crisis is being managed to foment integration of the zone member states, and it will be "solved" when that program is moving along. Not just any solution, but the right solution. But who knows, really? - this is why I scalp....
all I know is the thing has traded down to 80 cents before, so if this is the end, what the hell are we doing at 1.35, I mean they go through all this trouble to put the EU together, and what, they are going to fold the tent just like that...I'm not saying that there doesnt exist a possibility that they abandon the whole idea, and maybe they are considering it, but its not going to happend just cause spanish bonds are trading at 7%, or greece is insolvent, its going to take a strong political movement to form to get the ball rolling, and again that ball might be in motion now, but still it will take time, and the longer it takes, the better odds that they find some sort of solution, which as well all know lies in countries running a tighter ship...anyway on balance I try to not get to exited about one way or the other..
Look Sharp/Trade Tight
  • #34,456
  • Nov 18, 2011 3:09am Nov 18, 2011 3:09am
Quoting PayTheLimit
here are some monthly levels, the orange are the magic numbers, kinda like magic beans...
I see. That 1.352x is my 1.354x bro. Your daily candles are closing at GMT not NY that why the few ticks difference ....so the same level here bro but was already tested on Wednesday that why I am looking further above.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #34,457
  • Nov 18, 2011 3:10am Nov 18, 2011 3:10am
Quoting The Fool
also CL can be a blast to scalp, but I like the sizing flexibility of spot
NatGas is another, but if it gets away from you it smarts, bonds used to be one of the better instruments to scalp, good two way flow, nice down times, same with the front month Eurodollars, but I havent followed them in years..
Look Sharp/Trade Tight
  • #34,458
  • Nov 18, 2011 3:11am Nov 18, 2011 3:11am
Quoting sisse
I see. That 1.352x is my 1.354x bro. Your daily candles are closing at GMT not NY that why the few ticks difference ....so the same level here bro but was already tested on Wednesday that why I am looking further above.

sisse
indeed, I never got arount to getting NY close charts, dont have any plans to either, I just use my glass eye...
Look Sharp/Trade Tight
  • #34,459
  • Nov 18, 2011 3:14am Nov 18, 2011 3:14am
Quoting PayTheLimit
anyway on balance I try to not get to exited about one way or the other..
good plan, still it would be nice to trade a real market, this is a banker's game, who knows wtf their designs are?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #34,460
  • Nov 18, 2011 3:15am Nov 18, 2011 3:15am
Quoting The Fool
good plan, still it would be nice to trade a real market, this is a banker's game,
I dont know if they exist anymore... lol...
Look Sharp/Trade Tight
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