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The Really Useless Thread

  • #43,121
  • Dec 28, 2011 9:40am Dec 28, 2011 9:40am
Quoting Wulfgar
3:1 says the 2011 lows are taken out before the roll today...

Any takers?

Happy effin new years
i give it 100%..
i have to wait. for a cherry entry or a pullback. now.. a new low is a good place to get cut up..
those who can, do. those who cant, talk about those who can
  • #43,122
  • Dec 28, 2011 9:40am Dec 28, 2011 9:40am
Quoting Venice
Yep. Agreed as well. As it is though, everything is engulfing in favor of $ Strength.

Trend continues, nothing new here.
Problem is... See that spike down? Sooner or later it will have to be back filled before any move lower... The banks were made long by their customers and they don't like to be left hanging...
  • #43,123
  • Dec 28, 2011 9:42am Dec 28, 2011 9:42am
Quoting attila
The target just above was on my chart for several days. I knew it was valid but it decided to go up on thin liquidity so that was not a valid trade. It's something I've bee struggling for a while with. I know the target is good but what do you do when in a trade towards it and the pair makes a 100 pips detour. I don't know the answer to that...
Find a good resistance level to sell from, get good r/r. If stopped out, sell at a better price.
  • #43,124
  • Dec 28, 2011 9:42am Dec 28, 2011 9:42am
Quoting Venice
Anyone have a S&P Yearly chart?
yes... below 2010 close
those who can, do. those who cant, talk about those who can
  • #43,125
  • Dec 28, 2011 9:43am Dec 28, 2011 9:43am
Quoting attila
Problem is... See that spike down? Sooner or later it will have to be back filled before any move lower... The banks were made long by their customers and they don't like to be left hanging...
Oh yeah, just the nature of these things. Find a good place to fade it, then off we go again.
  • #43,126
  • Dec 28, 2011 9:43am Dec 28, 2011 9:43am
Quoting gatorinla
yes... below 2010 close
Yep... we are now negative on the year. Looks like a doji?
  • #43,127
  • Dec 28, 2011 9:46am Dec 28, 2011 9:46am
Quoting attila
Problem is... See that spike down? Sooner or later it will have to be back filled before any move lower... The banks were made long by their customers and they don't like to be left hanging...
In the same time this could be a back fill of the previous spike.... Tricky...

I still tend to think it could go back to 5570. We'll see.

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  • #43,128
  • Dec 28, 2011 9:47am Dec 28, 2011 9:47am
Quoting gatorinla
i give it 100%..
i have to wait. for a cherry entry or a pullback. now.. a new low is a good place to get cut up..
Ya I'm just happily buying more USD's on this breakout

Same ole bullshit, diff day
  • #43,129
  • Dec 28, 2011 9:47am Dec 28, 2011 9:47am
That's whats neat about these markets, even after a big move, you have profit takers and new buyers step in. It has to go back up to find more sellers.

But of course the counter movers know its a limited move, and will close out there buyers, which cause sells... as well as new sellers stepping in, or those adding to their position.
  • #43,130
  • Dec 28, 2011 9:55am Dec 28, 2011 9:55am
Quoting wannaberich
and then out of nowhere this fucking move comes and cleans me out of 30 pips.
4h says we could extend down to 1.2930 and still move up afterwards. weekly cam l4 around that same value. on the other hand 4h close below that and all tfs point down on my book...
yea dude i was goin for the higher stops on the aussie , saw sentiment changing near the open and flipped short
  • #43,131
  • Dec 28, 2011 10:02am Dec 28, 2011 10:02am
I don't know if you guys are interested but I find google reader very helpful (poor man's news feed/commentaries).

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  • #43,132
  • Dec 28, 2011 10:05am Dec 28, 2011 10:05am
my problem is... i can't read, u know...

Quoting attila
I don't know if you guys are interested but I find google reader very helpful (poor man's news feed/commentaries).

Attachment
dreams do come true.
  • #43,133
  • Dec 28, 2011 10:06am Dec 28, 2011 10:06am
Quoting wannaberich
my problem is... i can't read, u know...
I don't/can't either but I skim through the titles..
  • #43,134
  • Dec 28, 2011 10:06am Dec 28, 2011 10:06am
Quoting Wulfgar
Ya I'm just happily buying more USD's on this breakout

Same ole bullshit, diff day
im s silver. maybe to 14.00... got a sneaky L at 3042
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those who can, do. those who cant, talk about those who can
  • #43,135
  • Dec 28, 2011 10:09am Dec 28, 2011 10:09am
that why i use smilies! i can't write either... just don't tell anyone...

Quoting attila
I don't/can't either but I skim through the titles..
dreams do come true.
  • #43,136
  • Dec 28, 2011 10:11am Dec 28, 2011 10:11am
Somebody explain these two to me. I mean the ECB lends to banks which in turn deposit the money with the ECB...

http://www.fxstreet.com/fundamental/...te/2011/12/28/

http://online.wsj.com/article/SB1000...s_markets_main
  • #43,137
  • Dec 28, 2011 10:13am Dec 28, 2011 10:13am
2995.7 is a mid for 3052.. looking for a candle to s 2995 area or above.. um 3002.4 Lm 2989.. (close sneaky long. 2989?)
those who can, do. those who cant, talk about those who can
  • #43,138
  • Dec 28, 2011 10:22am Dec 28, 2011 10:22am
number one says basically: something something something ECB lends 4 x as much dough to banks this means they are in bad shape so that's why we just had this last try to break 1.3

if, on the other hand, it doesn't hold and we get above and beyond 1.3 then they'll say it was a necessary move from the ECB and that will bring liquidity (fake or not) to the banks that in turn will allow the E economy to breathe... until the markets moves again and they find another justification for what happened.

do u know that cave man thought that lightning were the God's work? people always had this thing with justifying things they observe. but that don't make those justifications true...



Quoting attila
Somebody explain these two to me:

http://www.fxstreet.com/fundamental/...te/2011/12/28/

http://online.wsj.com/article/SB1000...s_markets_main
dreams do come true.
  • #43,139
  • Dec 28, 2011 10:27am Dec 28, 2011 10:27am
Quoting wannaberich
number one says basically: something something something ECB lends 4 x as much dough to banks this means they are in bad shape so that's why we just had this last try to break 1.3

if, on the other hand, it doesn't hold and we get above and beyond 1.3 then they'll say it was a necessary move from the ECB and that will bring liquidity (fake or not) to the banks that in turn will allow the E economy to breathe... until the markets moves again and they find another justification for what happened.

do u know that cave man thought that lightning...
That political genius idea doesn't seem to be working with the banks parking their money back with the ECB. What I read is this: Not even the banks trust the banks.
  • #43,140
  • Dec 28, 2011 10:35am Dec 28, 2011 10:35am
Quoting gatorinla
2995.7 is a mid for 3052.. looking for a candle to s 2995 area or above.. um 3002.4 Lm 2989.. (close sneaky long. 2989?)
bastard
those who can, do. those who cant, talk about those who can
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