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The Really Useless Thread

  • #38,721
  • Dec 6, 2011 1:42pm Dec 6, 2011 1:42pm
Quoting needpips
I have the same down wedge....yet the top trend line has been breached....I think we got some sort of truncated 'e' in that wedge....up and away?
It should have gone up and away after that news of increasing bailout funds but it is not moving north ? If this cant make her rally, what will ?
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #38,722
  • Dec 6, 2011 1:45pm Dec 6, 2011 1:45pm
Quoting samdani786
The news is that they are doubling the amount of bailout funds to almost $ 1Tr.
and yet eur-usd is not going north ?
I think the markets are starting to get a little bored of the rumor mill.
  • #38,723
  • Dec 6, 2011 1:46pm Dec 6, 2011 1:46pm
Quoting Venice
I think the markets are starting to get a little bored of the rumor mill.
If it wasnt December...maybe....the reality is retailers (which own the media) make most of their $$$$ in Nov / Dec.....I doubt reality will set in this month....
  • #38,724
  • Dec 6, 2011 1:49pm Dec 6, 2011 1:49pm
I put a tighter SL on my long...Its prob a bit too tight, but in this headline environment....Ill deal...
  • #38,725
  • Dec 6, 2011 1:51pm Dec 6, 2011 1:51pm
looks like could be a wedge wave 4 here of an ED wave C/2
Attached Image (click to enlarge)
Click to Enlarge Name: 6dec11euro.PNG Size: 20 KB
Don't have an ego. Always question yourself and your ability.
  • #38,726
  • Dec 6, 2011 1:53pm Dec 6, 2011 1:53pm
Quoting RamsesII
looks like could be a wedge wave 4 here of an ED wave C/2
yep...another real possibility....and also Y im keepin the SL tieeeeeght
  • #38,727
  • Dec 6, 2011 1:54pm Dec 6, 2011 1:54pm
needpips, just noticed you had the same thing as me independently

edit: that e truncation is a streeeetch brother
Don't have an ego. Always question yourself and your ability.
  • #38,728
  • Edited 2:08pm Dec 6, 2011 1:57pm | Edited 2:08pm
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...
still a 80% probability
20% says it will not happen.
closing below 3340 then 3275 and later 3210.. makes a 314x attack reasonable. the swinger may target 3171
those who can, do. those who cant, talk about those who can
  • #38,729
  • Dec 6, 2011 2:04pm Dec 6, 2011 2:04pm
Quoting gatorinla
still a 80% probability
20% says it will not happen.
I have 3238... but, I need a close under 3362. Then 3294 first. 1 hour to go.
  • #38,730
  • Dec 6, 2011 2:07pm Dec 6, 2011 2:07pm
Quoting gatorinla
still a 80% probability
20% says it will not happen.

it might

unless the eu zone M F comes with some good shitt we will visit it in other hand how much the ECB will cut .25 or .50 0r .75 that will put 12000 sooner in the books
  • #38,731
  • Dec 6, 2011 2:53pm Dec 6, 2011 2:53pm
I really wanna jump on the ra-ra euro bandwagon..... I wanna believe that the world policy makers will do something amazing and pull the EZ out of the ever deepening shit they r in...
  • #38,732
  • Dec 6, 2011 3:34pm Dec 6, 2011 3:34pm
Quoting RamsesII
needpips, just noticed you had the same thing as me independently

edit: that e truncation is a streeeetch brother
I know.... great seeing u around...keep the posts a commin
  • #38,733
  • Dec 6, 2011 4:05pm Dec 6, 2011 4:05pm
Quoting Venice
I think the markets are starting to get a little bored of the rumor mill.
Yup
Euro used to bail Euro partner market dont give a dam, if I swap my wallet from left pocket to right pants still ok, if I give my wallet to useless bum on street, I be bare arse pretty quick.
Now if Yen or USD or Chy used to bail Euro, market go on alert, when is pay back time and they get "the cheques in the mail" memo market go into high alert, when they say ooops sorry we broke arse, cant pay, market go pandemonium
Pandemonium I like and waiting for
This girl in compression mode, need be high alert!!
Tech, this turd should be in sewer, clip pip here there is ok, but bring on the train, still in sell the rallies until proven otherwise

US Oil is looking ripe
If you are new to Forex? Say Goodbye to your account!!
  • #38,734
  • Dec 6, 2011 4:36pm Dec 6, 2011 4:36pm
I see the Aussie is back to its usual self. No change in news... whats that mean?

BUY BUY BUY! lol
  • #38,735
  • Dec 6, 2011 4:38pm Dec 6, 2011 4:38pm
Quoting Venice
I see the Aussie is back to its usual self. No change in news... whats that mean?

BUY BUY BUY! lol
gotta go for the yield while u can ya know?
  • #38,736
  • Dec 6, 2011 4:42pm Dec 6, 2011 4:42pm
Quoting Wulfgar
gotta go for the yield while u can ya know?
Yep, I was looking to start a carry trade on this things last leg up. It missed my buy point by about 120 pips though.

http://1.bp.blogspot.com/_fOJYYqCKBM..._that_much.jpg
  • #38,737
  • Dec 6, 2011 5:15pm Dec 6, 2011 5:15pm
Quoting Venice
I see the Aussie is back to its usual self. No change in news... whats that mean?



BUY BUY BUY! lol

If you are new to Forex? Say Goodbye to your account!!
  • #38,738
  • Dec 6, 2011 6:34pm Dec 6, 2011 6:34pm
Cr-itical point.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
  • #38,739
  • Dec 6, 2011 8:37pm Dec 6, 2011 8:37pm
morning...
Look Sharp/Trade Tight
  • #38,740
  • Dec 6, 2011 9:00pm Dec 6, 2011 9:00pm
Quoting PayTheLimit
morning...
Morning PTL . hope all ok .
what think not happen first , daily tf come for the rescue, breakout at last & more complex pa .so waiting another bo at 3419 .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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