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The Really Useless Thread

  • #37,801
  • Dec 2, 2011 6:56am Dec 2, 2011 6:56am
Quoting gatorinla
i closed my s. got a 3528 sig.. so ill wait for it.. it will bring my stop just above the current high from yesterday. if not i dont trade. until below 3414.0- for a s on the bounce... or 3418 area as a long.. or a HH
probably best not to trade with nfp near. my 4h 8 and day is pegged above 80 rsi.. other then that. i wouldn't be trading. the 3528 sig and the rsi don't agree, but both can be correct.
so far, so good. but it don't mean shit during nfp.
days ago, i had a non perfect sig to 3568/85 min
those who can, do. those who cant, talk about those who can
  • #37,802
  • Dec 2, 2011 6:57am Dec 2, 2011 6:57am
from the temptation

here is what i'll be looking at 30m after the numbers. might get a decent sl for a trade hopefully.

trade safe

WBfukinR LOL (copyright PTL, all rights reserved)
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dreams do come true.
  • #37,803
  • Dec 2, 2011 6:59am Dec 2, 2011 6:59am
Quoting fontu
So market waiting nfp at top , looks more bear than bull but 3549 or any spike towards 3612 if possible before . if down then 3420 & or 3338 limit may again come action . so to wait only now .
fontu
Agree on the levels Fontu. From the latest intraday action, it looks like in line or slightly worse than expected NFP coming (below 100k but positive). Looking for overshoot 1.361x on reports and fight 1.342x for the weekly roll. Second scenario for trades is a bad NFP, that will make me fade H4 highs opening 1.336x with intermediate target 1.342x.

Last and less probable scenario a very big overshoot (positive) NFP, that will open the same 1.361x but it will cancel the fade short....

ES with clearer level but same setups than in euro...

GL today

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,804
  • Dec 2, 2011 7:01am Dec 2, 2011 7:01am
Quoting sisse
Agree on the levels Fontu. From the latest intraday action, it looks like in line or slightly worse than expected NFP coming (below 100k but positive). Looking for overshoot 1.361x on reports and fight 1.342x for the weekly roll. Second scenario for trades is a bad NFP, that will make me fade H4 highs opening 1.336x with intermediate target 1.342x.

Last and less probable scenario a very big overshoot (positive) NFP, that will open the same 1.361x but it will cancel the fade short....

GL today

sisse

Fade the LC if it pops...I set BE....Im much smarter about NFP then my gunslinging days
  • #37,805
  • Dec 2, 2011 7:05am Dec 2, 2011 7:05am
Quoting sisse
Agree on the levels Fontu. From the latest intraday action, it looks like in line or slightly worse than expected NFP coming (below 100k but positive). Looking for overshoot 1.361x on reports and fight 1.342x for the weekly roll. Second scenario for trades is a bad NFP, that will make me fade H4 highs opening 1.336x with intermediate target 1.342x.

Last and less probable scenario a very big overshoot (positive) NFP, that will open the same 1.361x but it will cancel the fade short....

ES with clearer level but same setups than in euro...

GL today

sisse...
i would not be surprised if we spike. then make a LL to 3192/3215. 3192 is still a valid underachieved target.
those who can, do. those who cant, talk about those who can
  • #37,806
  • Dec 2, 2011 7:10am Dec 2, 2011 7:10am
Quoting gatorinla
i would not be surprised if we spike. then make a LL to 3192/3215
We'll need a strong NFP to open those levels today. We have euro deadline the 9th for the EU meeting ...the last 2 years, it has been buy the rumor and sell the news on that front and stocks markets are flirting to enter in mania mode for December so valid TA levels but it looks complicate to say the least....

Whatever the case, we need a bad NFP first to crack back breakout point ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,807
  • Dec 2, 2011 7:11am Dec 2, 2011 7:11am
makes sense here too (daily)...
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dreams do come true.
  • #37,808
  • Dec 2, 2011 7:25am Dec 2, 2011 7:25am
Quoting sisse
We'll need a strong NFP to open those levels today. We have euro deadline the 9th for the EU meeting ...the last 2 years, it has been buy the rumor and sell the news on that front and stocks markets are flirting to enter in mania mode for December so valid TA levels but it looks complicate to say the least....

Whatever the case, we need a bad NFP first to crack back breakout point ....

sisse
not in the decouple theory.. we had a taste of it last week... world gdp is up 3% while world debt is up 11%.. something has to give. no matter how bad the world gets. they all have to eat. the big mac is in the u.s. (north America)
all the e plan does is rob peter to pay paul. there is nobody to back the ecb. in the future. in most times the job loss goes up just as things start to get better. more people start looking again. in the near future lets c what nfp does. in late 2008 bad or good news was better for the usd. it didn't matter. we dropped on all news.
those who can, do. those who cant, talk about those who can
  • #37,809
  • Dec 2, 2011 7:29am Dec 2, 2011 7:29am
Quoting gatorinla
not in the decouple theory.. we had a taste of it last week... world gdp is up 3% while world debt is up 11%.. something has to give. no matter how bad the world gets. they all have to eat. the big mac is in the u.s. (north America)
all the e plan does is rob peter to pay paul. there is nobody to back the ecb. in the future. in most times the job loss goes up just as things start to get better. more people start looking again. in the near future lets c what nfp does. in late 2008 bad or good news was better for the usd. it didn't matter. we dropped...
Agree....but why leave free money on the table on happy December when you can do it and sell the hell out of it in January?


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,810
  • Dec 2, 2011 7:29am Dec 2, 2011 7:29am
Quoting wannaberich
makes sense here too (daily)...
i have 361x also.. was thinking 3568 is a tough one.
those who can, do. those who cant, talk about those who can
  • #37,811
  • Dec 2, 2011 7:31am Dec 2, 2011 7:31am
Quoting wannaberich
makes sense here too (daily)...
i have 361x also.. was thinking 3568 is a tough one. 8.7 unemployment may blast us
those who can, do. those who cant, talk about those who can
  • #37,812
  • Dec 2, 2011 7:31am Dec 2, 2011 7:31am
in line with expectations as expected and for the headlines, Obama reelection platform just started after the unemployment rate...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,813
  • Dec 2, 2011 7:39am Dec 2, 2011 7:39am
Quoting gatorinla
i would not be surprised if we spike. then make a LL to 3192/3215. 3192 is still a valid underachieved target.

digesting
those who can, do. those who cant, talk about those who can
  • #37,814
  • Edited 7:52am Dec 2, 2011 7:39am | Edited 7:52am
news positive , not doing anything though but if low then will watch 3468 most important H4 tf pullback , breaks 3419/3 & breaks for 3338 , breaks top over for now .
just step by step or go up from any othose levels , settle to start some trading .First reaction little down , neglibile so far . high may short then .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #37,815
  • Dec 2, 2011 7:45am Dec 2, 2011 7:45am
bulls don't want to lose 3477 then 3461
those who can, do. those who cant, talk about those who can
  • #37,816
  • Dec 2, 2011 7:46am Dec 2, 2011 7:46am
Look Sharp/Trade Tight
  • #37,817
  • Dec 2, 2011 7:47am Dec 2, 2011 7:47am
Quoting PayTheLimit
hey dude , you still in your 470 longs?
  • #37,818
  • Dec 2, 2011 7:48am Dec 2, 2011 7:48am
Does not seem like much is goin to happen.
  • #37,819
  • Dec 2, 2011 7:49am Dec 2, 2011 7:49am
BUT BUT... I THOUGHT 8.7% WAS GOOD!! WHY WE NOT GOING UP??!!



:insert laughing fat panda:
  • #37,820
  • Dec 2, 2011 7:49am Dec 2, 2011 7:49am
I actually expected a much bigger positive suprise... Im suprised that we werent more suprised
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