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The Really Useless Thread

  • #38,941
  • Dec 7, 2011 9:15am Dec 7, 2011 9:15am
Quoting Orbital
I think it may be profit taking from a hedgefund or banks liquidating positions.. there is nothing in the news to warrant this
It's December.
  • #38,942
  • Dec 7, 2011 9:16am Dec 7, 2011 9:16am
Quoting fontu
may be , gbpchf up while usdchf down , some sorts of selective manipulation may takes place .temporary perhaps . spike followed by spike in enforcement before crude oil inventories news !
fontu
Something IS fishy. u/j keeps on going out of line a lot.
  • #38,943
  • Dec 7, 2011 9:18am Dec 7, 2011 9:18am
3430 could be a good short, or long above. Nothing to do now.
  • #38,944
  • Dec 7, 2011 9:19am Dec 7, 2011 9:19am
Quoting wannaberich
could retrace a lot but should be limited unitl london closed to 48 which matches today's L4.

strangest thing: 1h closed red but h4 didn't.curious to see what it will do. for now i will long the mid or low of the new channel (46 and 48). if it goes there...
debating on taking the money.. and putting another entry at 5724 and/or 5741.. with stops just above 3741.. its a contradicting one.. but my longer term target is 1.49xx.. so i guess ill just let it stop out or hit the 1.49xx target.
those who can, do. those who cant, talk about those who can
  • #38,945
  • Dec 7, 2011 9:19am Dec 7, 2011 9:19am
Quoting Orbital
are you fucking kidding? what stops?
These fucking stops
Attached Image (click to enlarge)
Click to Enlarge Name: guh4.jpg Size: 71 KB
  • #38,946
  • Dec 7, 2011 9:20am Dec 7, 2011 9:20am
buy the shitt sell the news

more shittt coming out from ECB , what next
  • #38,947
  • Dec 7, 2011 9:22am Dec 7, 2011 9:22am
Quoting chazzle
These fucking stops
LOL. Nice..

I disagree though, too far away + there was some uptrend just before with a telling pin bar on h4 into support....
  • #38,948
  • Dec 7, 2011 9:28am Dec 7, 2011 9:28am
Quoting attila
Something IS fishy. u/j keeps on going out of line a lot.
may be eyewash treatment , anyway keeping short active to see still . anyway cretical time passing for every pair recently .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #38,949
  • Dec 7, 2011 9:33am Dec 7, 2011 9:33am
holding gbp.. it should drop with oil?
those who can, do. those who cant, talk about those who can
  • #38,950
  • Dec 7, 2011 9:33am Dec 7, 2011 9:33am
Quoting attila
LOL. Nice..

I disagree though, too far away + there was some uptrend just before with a telling pin bar on h4 into support....
mofo going down for a week - some people were short - for sure their stops were taken out
  • #38,951
  • Dec 7, 2011 9:35am Dec 7, 2011 9:35am
5672 the mid of the big up bar in GU...
Look Sharp/Trade Tight
  • #38,952
  • Dec 7, 2011 9:35am Dec 7, 2011 9:35am
crude oil inventories worse than expected but better than previous . if eu take some chance 3400-3424 again , waiting see reaction or drop .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #38,953
  • Dec 7, 2011 9:35am Dec 7, 2011 9:35am
i would be careful with longs
those who can, do. those who cant, talk about those who can
  • #38,954
  • Dec 7, 2011 9:37am Dec 7, 2011 9:37am
Quoting chazzle
mofo going down for a week - some people were short - for sure their stops were taken out
Anything is possible, we could have overshot as well. PA stand point, was expected. Of course I didn't take it because I was taking 20 pips out of this POS e/u. lol.
  • #38,955
  • Dec 7, 2011 9:38am Dec 7, 2011 9:38am
Quoting attila
Anything is possible, we could have overshot as well. PA stand point, was expected. Of course I didn't take it because I was taking 20 pips out of this POS e/u. lol.
This seems to be one of those days where u need to wait till after LC...or 2pm est
  • #38,956
  • Dec 7, 2011 9:39am Dec 7, 2011 9:39am
Quoting gatorinla
i would be careful with longs
where EU?
Look Sharp/Trade Tight
  • #38,957
  • Dec 7, 2011 9:40am Dec 7, 2011 9:40am
Everyone notice how 8:2o was the inflection point this morning.... Im not saying 20 min after the hour is the holy grail, but its been a reoccurring theme I have noticed......FWIW
  • #38,958
  • Dec 7, 2011 9:40am Dec 7, 2011 9:40am
10:38 (Dow Jones) The Australian dollar has typically been the punching bag when risk-off sentiment dominates the market. Now, sell the Aussie and buy the USD is highlighted by Bank of America Merrill Lynch as a 2012 trade recommendation. The bank says trade would benefit from a US slowdown induced by projected US fiscal tightening -- ironically, this could drive investors away from higher-yielding currencies to seek safety in the greenback. The dollar likely also to beat the euro next year as strategists at BofA argue that the ECB will catch up with other major peers to cut rates. "Given that the US has the least scope to ease monetary policy, the USD should do better next year on shrinking interest rate differentials."

Damn, no carry trades then huh.
  • #38,959
  • Dec 7, 2011 9:41am Dec 7, 2011 9:41am
Quoting needpips
This seems to be one of those days where u need to wait till after LC...or 2pm est
I'm flat although I'm itching for a long e/u. I'll wait though. Not very convincing atm. Waiting for 3420ish for a short.
  • #38,960
  • Dec 7, 2011 9:42am Dec 7, 2011 9:42am
Quoting needpips
Everyone notice how 8:2o was the inflection point this morning.... Im not saying 20 min after the hour is the holy grail, but its been a reoccurring theme I have noticed......FWIW
I'm always watching 8:30, and out at 9. Then 10:30, 11:30, noon, 2:30...
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