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The Really Useless Thread

  • #38,501
  • Dec 5, 2011 8:04pm Dec 5, 2011 8:04pm
Quoting needpips
pennant?.... same thing?
Err Yeah, pennant. All flaggish by my accounts
  • #38,502
  • Dec 5, 2011 8:10pm Dec 5, 2011 8:10pm
Seems like the downside journey has begun
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  • #38,503
  • Dec 5, 2011 8:17pm Dec 5, 2011 8:17pm
This week is heavily FA driven

I have lost all semblance of confidence in world governments and politicians...
My bet is the EU summit Friday will be an absolute joke and the market will punish the EURo accordingly...
  • #38,504
  • Dec 5, 2011 9:49pm Dec 5, 2011 9:49pm
Quoting samdani786
Seems like the downside journey has begun
Another view
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #38,505
  • Dec 5, 2011 9:50pm Dec 5, 2011 9:50pm
Quoting gatorinla
3340 is a sister to 3405.. my day and 12h closed red. close at/below 3382 my cause a b/o on the h. the st mid from today is 3465 to target 3325.. but below 3305 as a support and (fridays target) 300.4 is a target.. below 3340 3275 3210
these supports are still valid. any breakdown lower now should yield 3236 min. 3340 is the next one in the sequence to targets mentioned like 2044..
a breakdown lower would be at least one pip below the current low 3360 +.. but here is the thing.. that range is up to 3485... so before we get to 3486 we should get to 3236.5 min... so we may bounce higher first. i sell bounces toward 3485... i look for weak pa to short the bounce. 3236.5 is a min.. so getting to 3210 area is not out the question and is probably likely to bounce 3210/3236... getting to 3210 makes greatly increases 2044 target. as well as 314x depending on if and where we bounce. it may set up a high percentage probability target.
those who can, do. those who cant, talk about those who can
  • #38,506
  • Dec 5, 2011 10:02pm Dec 5, 2011 10:02pm
Quoting gatorinla
these supports are still valid. any breakdown lower now should yield 3236 min. 3340 is the next one in the sequence to targets mentioned like 2044..
a breakdown lower would be at least one pip below the current low 3360 +.. but here is the thing.. that range is up to 3485... so before we get to 3486 we should get to 3236.5 min... so we may bounce higher first. i sell bounces toward 3485... i look for weak pa to short the bounce. 3236.5 is a min.. so getting to 3210 area is not out the question and is probably likely to bounce 3210/3236... getting...
if we don't make a LL.. and break 3486.. then 3609 is a target. the sister too 3236
those who can, do. those who cant, talk about those who can
  • #38,507
  • Dec 5, 2011 10:06pm Dec 5, 2011 10:06pm
Quoting gatorinla
3377 may be all it needs to b/o. its close atm
watch for a break... st pa wants 3391 min... but tl may get stronger.
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those who can, do. those who cant, talk about those who can
  • #38,508
  • Dec 5, 2011 10:31pm Dec 5, 2011 10:31pm
just for the hell of it.. got some pending shorts at 3448.. sl above 3485 target 3236
those who can, do. those who cant, talk about those who can
  • #38,509
  • Dec 5, 2011 10:32pm Dec 5, 2011 10:32pm
You gotta risk it to get the biscuit!
  • #38,510
  • Dec 5, 2011 10:34pm Dec 5, 2011 10:34pm
morning...
Look Sharp/Trade Tight
  • #38,511
  • Dec 5, 2011 11:03pm Dec 5, 2011 11:03pm
aud looking weak across many pairs
those who can, do. those who cant, talk about those who can
  • #38,512
  • Dec 5, 2011 11:06pm Dec 5, 2011 11:06pm
using pretty much the same levels as yesterday...
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Look Sharp/Trade Tight
  • #38,513
  • Dec 5, 2011 11:27pm Dec 5, 2011 11:27pm
Quoting gatorinla
aud looking weak across many pairs
last months mid, 1.0114
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Look Sharp/Trade Tight
  • #38,514
  • Dec 5, 2011 11:44pm Dec 5, 2011 11:44pm
Quoting gatorinla
just for the hell of it.. got some pending shorts at 3448.. sl above 3485 target 3236
me too.same pending position.tp 3183 sl 50 pips.

as chart.

http://content.screencast.com/users/...12-06_1343.png
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  • #38,515
  • Dec 5, 2011 11:44pm Dec 5, 2011 11:44pm
Quoting gatorinla
aud looking weak across many pairs
I read the rba statement

Pretty dovish stuff ... Mostly abt chinese growth slowing significantly... Plus general risk off sentiment in the market... Aussie could drop even harder and faster IMHO back below parity
  • #38,516
  • Dec 5, 2011 11:58pm Dec 5, 2011 11:58pm
3380, the mid of the large down bar from earlier..
Look Sharp/Trade Tight
  • #38,517
  • Edited 12:17am Dec 6, 2011 12:07am | Edited 12:17am
Morning , with close below 3388 H4 apparently failed take immediate reversal action & likely try next support 3341 & better 3314 , last 3282 though . and thinking after H4 failure daily may come rescue with daily level sell off there , looks no promising though & may try close over 3365 today , support 3353& 41 breaks important & may test lower test lower supports like H4 tf .

so will watch for 3353&41 breaks or not for temporary tp area 3314 if .price still at strong 3362 needs break it first though .
last chance to save correction !! worthless intervention if come knowingly .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #38,518
  • Dec 6, 2011 12:12am Dec 6, 2011 12:12am
too late now but i should of went L at 60/61 with a tight stop. unless it broke.
those who can, do. those who cant, talk about those who can
  • #38,519
  • Dec 6, 2011 12:23am Dec 6, 2011 12:23am
Quoting budak baru
me too.same pending position.tp 3183 sl 50 pips.

as chart.

http://content.screencast.com/users/...12-06_1343.png
i wish it would have poked a hole in the floor first. i just wanted to set a pending and go to sleep.3236 is not valid until.
those who can, do. those who cant, talk about those who can
  • #38,520
  • Dec 6, 2011 1:00am Dec 6, 2011 1:00am
long 3382, risk 3352..
Look Sharp/Trade Tight
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