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The Really Useless Thread

  • #40,481
  • Dec 14, 2011 3:56pm Dec 14, 2011 3:56pm
this is pretty much my plan
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Don't have an ego. Always question yourself and your ability.
  • #40,482
  • Dec 14, 2011 5:08pm Dec 14, 2011 5:08pm
Keeping an eye on aud/nzd for a possible short on daily. 30 pips for 230ish...
  • #40,483
  • Dec 14, 2011 5:25pm Dec 14, 2011 5:25pm
Quoting attila
Keeping an eye on aud/nzd for a possible short on daily. 30 pips for 230ish...
3223 on the e/a short if it lets me. or the bounce after 2965.. never-mind short at 3113 stops wider then usual. ,,
those who can, do. those who cant, talk about those who can
  • #40,484
  • Dec 14, 2011 5:37pm Dec 14, 2011 5:37pm
Quoting attila
Keeping an eye on aud/nzd for a possible short on daily. 30 pips for 230ish...
Not a pair that I normally trade... but look at that compression! It's been going on for a few weeks now!
  • #40,485
  • Dec 14, 2011 5:42pm Dec 14, 2011 5:42pm
Quoting gatorinla
3223 on the e/a short if it lets me. or the bounce after 2965.. never-mind short at 3113 stops wider then usual. ,,
Don't like the way the pin is shaping. I would like to see it close on the low... I might wait another day. We'll see, but something to keep an eye on...

If this one takes off, then weekly might come into play as well..
  • #40,486
  • Dec 14, 2011 5:44pm Dec 14, 2011 5:44pm
Quoting Venice
Not a pair that I normally trade... but look at that compression! It's been going on for a few weeks now!
That and a failure on 66..
  • #40,487
  • Dec 14, 2011 5:48pm Dec 14, 2011 5:48pm
Quoting attila
That and a failure on 66..
and 31 (closest swing high).
  • #40,488
  • Dec 14, 2011 5:53pm Dec 14, 2011 5:53pm
I just can't believe how easily the euro is shredding the current weekly demand zone. Usually they have SOME power behind it.
  • #40,489
  • Dec 14, 2011 5:56pm Dec 14, 2011 5:56pm
Quoting Venice
and 31 (closest swing high).
And 61 W retracement. I might as well take this one.
  • #40,490
  • Dec 14, 2011 5:56pm Dec 14, 2011 5:56pm
Quoting attila
And 61 retracement. I might as well take this one.
hehe... sounds to good to be true. Hows your spread on it? I have 12.0
  • #40,491
  • Dec 14, 2011 5:57pm Dec 14, 2011 5:57pm
Quoting Venice
hehe... sounds to good to be true. Hows your spread on it? I have 12.0
11.3 right now. It's usually around 9.

9.2 as I type.
  • #40,492
  • Dec 14, 2011 6:02pm Dec 14, 2011 6:02pm
Weekly R1 at 3235... Either that or below 3200, W M3.

Eh... WTF. Short, stop at 3258. Might adjust it later.

TP 2939, will close half at 3057 if it goes my way.
  • #40,493
  • Dec 14, 2011 7:36pm Dec 14, 2011 7:36pm
Quoting attila
Don't like the way the pin is shaping. I would like to see it close on the low... I might wait another day. We'll see, but something to keep an eye on...

If this one takes off, then weekly might come into play as well..
the week is what i was looking at. we breached a db and this bounce is checking the db breach from under. it has a unclosed day engulfed atm (day bullish but near resistance). but it also has a true db on the daily,, the risk is 3155 plus a few.. so the risk is about 40+ pips.. the reward.. 400 on the daily.. if the weekly comes in to play. then its about 1300. we also have a gartly with 3043 is a target.
those who can, do. those who cant, talk about those who can
  • #40,494
  • Dec 14, 2011 7:44pm Dec 14, 2011 7:44pm
Quoting gatorinla
the week is what i was looking at. we breached a db and this bounce is checking the db breach from under. it has a unclosed day engulfed atm (day bullish but near resistance). but it also has a true db on the daily,, the risk is 3155 plus a few.. so the risk is about 40+ pips.. the reward.. 400 on the daily.. if the weekly comes in to play. then its about 1300. we also have a gartly with 3043 is a target.
got anything round 3280
  • #40,495
  • Dec 14, 2011 7:50pm Dec 14, 2011 7:50pm
Quoting gatorinla
the week is what i was looking at. we breached a db and this bounce is checking the db breach from under. it has a unclosed day engulfed atm (day bullish but near resistance). but it also has a true db on the daily,, the risk is 3155 plus a few.. so the risk is about 40+ pips.. the reward.. 400 on the daily.. if the weekly comes in to play. then its about 1300. we also have a gartly with 3043 is a target.
When does your day close? Mine did at 7 pm eastern.
  • #40,496
  • Edited 8:40pm Dec 14, 2011 8:23pm | Edited 8:40pm
Quoting attila
When does your day close? Mine did at 7 pm eastern.
using the 00est one. for the both days close. there is definitely risk. but since the week breached the lower tl it makes these worth looking at. on the day it shows 3 scenarios for a top. plus a bunch of fibs. with the eu rate cuts. this could be a carry trade in the future. im not risking much.. the second dt is 100 pip higher. the light blue line. so i may add if we get near it. and close if it dont hold. pink caps for a hs scenario.. im not playing them alone.. they dont exist until we make a break. the purple tl does. its the break on july sept touches. it was breached on nov 30..
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those who can, do. those who cant, talk about those who can
  • #40,497
  • Dec 14, 2011 8:37pm Dec 14, 2011 8:37pm
Quoting gatorinla
using the 00est one. for the both days close. there is definitely risk. but since the week breached the lower tl it makes these worth looking at. on the day it shows 3 scenarios for a top. plus a bunch of fibs. with the eu rate cuts. this could be a carry trade in the future. im not risking much.. the second dt is 100 pip higher. the light blue line. so i may add if we get near it. and close if it dont hold.
Wait, this is eur/aud. I'm on aud/nzd.
  • #40,498
  • Dec 14, 2011 8:41pm Dec 14, 2011 8:41pm
Quoting attila
Wait, this is eur/aud. I'm on aud/nzd.
yes
those who can, do. those who cant, talk about those who can
  • #40,499
  • Dec 14, 2011 8:43pm Dec 14, 2011 8:43pm
Quoting gatorinla
yes
I was looking at the candles and what you were saying and it didn't match. Not sure about eur/aud as I didn't pay attention to it. Sorry for the confusion. My eyes were on aud/nzd short.
  • #40,500
  • Dec 14, 2011 8:44pm Dec 14, 2011 8:44pm
Quoting needpips
got anything round 3280
238.2 fib on the daily at 3279
those who can, do. those who cant, talk about those who can
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