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The Really Useless Thread

  • #47,481
  • Jan 16, 2012 2:12am Jan 16, 2012 2:12am
hey cloggie the "GAP" IS COMMIN
  • #47,482
  • Jan 16, 2012 2:18am Jan 16, 2012 2:18am
Quoting gatorinla
we broke a 17 month low.. that deserves a decent bounce. i just have a small long. i wanna s the bounce.
What makes you think the decent bounce will start around these levels (1.266x)?. In my books, we either need profit taking or pullback before that and we haven seen that yet. The week closed in air and this opened in air. Trading chop zone intraday for Frank/London open. Ta to the upside 1.269x wide open, 1.272x open and 1.275x mildly open beyond I think will be hard to crack it.... Here, aiming at the same 1.259x and 1.247x for this week...

In any case, cable is so close and hanging on air for a very very decent move down (the one you have been calling for a while...) plus it almost consensus the UK economy (and only a miracle could help) will tick 2 quarters of negative growth, making the 1st major economy to enter in recession (again)....watch-out for rating agencies crossing the channel....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #47,483
  • Jan 16, 2012 2:36am Jan 16, 2012 2:36am
Quoting PayTheLimit
5322, fridays mid for sterling, testing it now...FWIW..
and 5267, the hourly swing mid...
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Look Sharp/Trade Tight
  • #47,484
  • Jan 16, 2012 2:39am Jan 16, 2012 2:39am
Quoting sisse
What makes you think the decent bounce will start around these levels (1.266x)?. In my books, we either need profit taking or pullback before that and we haven seen that yet. The week closed in air and this opened in air. Trading chop zone intraday for Frank/London open. Ta to the upside 1.269x wide open, 1.272x open and 1.275x mildly open beyond I think will be hard to crack it.... Here, aiming at the same 1.259x and 1.247x for this week...

In any case, cable is so close and hanging on air for a very very decent move down (the one...
im adding in at progressive levels for a run to Low 1.4's at least
  • #47,485
  • Jan 16, 2012 2:40am Jan 16, 2012 2:40am
Quoting fxjawn
hey cloggie the "GAP" IS COMMIN
Hi buddy...
  • #47,486
  • Jan 16, 2012 2:44am Jan 16, 2012 2:44am
Quoting Wulfgar
im adding in at progressive levels for a run to Low 1.4's at least
Yeap mate. Looking at the same. Below the strong FA and TA 1.537x S opens 1.505x (weekly S) and air till 1.44xx. This is the 4th major test (1.537x) since last year and we are in deep breach with the last weekly roll....it looks very damage chartwise....let see if it holds such a breach (is monthly/quarterly Support too so still have a chance to hold).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #47,487
  • Jan 16, 2012 2:51am Jan 16, 2012 2:51am
Quoting sisse
Yeap mate. Looking at the same. Below the strong FA and TA 1.537x S opens 1.505x (weekly S) and air till 1.44xx. This is the 4th major test (1.537x) since last year and we are in deep breach with the last weekly roll....it looks very damage chartwise....let see if it holds such a breach (is monthly/quarterly Support too so still have a chance to hold).

sisse

thats right sisse... Im right there with you... the exact numbers i have that Im holding shorts from are 5695 which was a weekly number, 5432 was a bias number ai had from back in the day... took a breakout at the 5271 on friday... grabbed some pips and then it knocked me out at BE... really waiting for a Close on at least the daily for TA at 5271 as the FA is really already there....
  • #47,488
  • Jan 16, 2012 2:59am Jan 16, 2012 2:59am
Quoting Wulfgar
thats right sisse... Im right there with you... the exact numbers i have that Im holding shorts from are 5695 which was a weekly number, 5432 was a bias number ai had from back in the day... took a breakout at the 5271 on friday... grabbed some pips and then it knocked me out at BE... really waiting for a Close on at least the daily for TA at 5271 as the FA is really already there....
I have been a bit trigger shy with cable since December so haven't take anything worth mentioning to the short side. Betting against a FA support and such strong TA level (1.537x) is not my style. In any case, agree that the FA is pushing there, however will need a extra FA (UK downgrade, or Negaitve GDP confirmed) for a momentum move down that level as interest differentials will keep the interest range for a while and inflation in the UK still ticking a lot higher than the US so that make thing a bit complicate from a strictly FA point of view...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #47,489
  • Jan 16, 2012 3:02am Jan 16, 2012 3:02am
2664, London's mid...
Look Sharp/Trade Tight
  • #47,490
  • Jan 16, 2012 3:07am Jan 16, 2012 3:07am
Quoting mfoste1
ne one else getting bullish on eurusd this week?
wld rather buy support in the low 25xxs for a longer term position..
  • #47,491
  • Jan 16, 2012 3:08am Jan 16, 2012 3:08am
Quoting sisse
I have been a bit trigger shy with cable since December so haven't take anything worth mentioning to the short side. Betting against a FA support and such strong TA level (1.537x) is not my style. In any case, agree that the FA is pushing there, however will need a extra FA (UK downgrade, or Negaitve GDP confirmed) for a momentum move down that level as interest differentials will keep the interest range for a while and inflation in the UK still ticking a lot higher than the US so that make thing a bit complicate from a strictly FA point of view...

sisse...
Agreed... I have Jan 25th circled when the UK releases its prelim GDP figures... a major affirmation of what is widely expected to be very negative should put one of the nails in the GBP's coffin.... the downgrade is inevitable imho ... much like last weeks downgrades... but the question is always "when"... at least with the GDP figures we can set out clocks to it...
  • #47,492
  • Jan 16, 2012 3:10am Jan 16, 2012 3:10am
stop hunters weapon of choice...

dbl ended dilligaf... O_o
  • #47,493
  • Jan 16, 2012 3:11am Jan 16, 2012 3:11am
update USDOLLAR M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #47,494
  • Jan 16, 2012 3:15am Jan 16, 2012 3:15am
long 2670, risk 2648...
Look Sharp/Trade Tight
  • #47,495
  • Jan 16, 2012 3:16am Jan 16, 2012 3:16am
Quoting sisse
What makes you think the decent bounce will start around these levels (1.266x)?. In my books, we either need profit taking or pullback before that and we haven seen that yet. The week closed in air and this opened in air. Trading chop zone intraday for Frank/London open. Ta to the upside 1.269x wide open, 1.272x open and 1.275x mildly open beyond I think will be hard to crack it.... Here, aiming at the same 1.259x and 1.247x for this week...

In any case, cable is so close and hanging on air for a very very decent move down (the one you have...
we touched a wick low on a weekly close Friday. we did it again a few h's ago, we bounced so for .. normal pa is a bounce to 2750 area. a swing is 2740 area. 2682 area is a rhythm area we usually respect. 500 pips above or 500 pips below.
those who can, do. those who cant, talk about those who can
  • #47,496
  • Jan 16, 2012 3:20am Jan 16, 2012 3:20am
looking for a cad candle closes for a L.. atm
those who can, do. those who cant, talk about those who can
  • #47,497
  • Jan 16, 2012 3:27am Jan 16, 2012 3:27am
Quoting FibbinArchie
stop hunters weapon of choice...

dbl ended dilligaf... O_o
Funky called Madena thing there.. Good GAP fillage! seams good for scalpen 10 or so here and there 2650 as Mr PLT said is the number short term..
  • #47,498
  • Jan 16, 2012 3:27am Jan 16, 2012 3:27am
Quoting gatorinla
we touched a wick low on a weekly close Friday. we did it again a few h's ago, we bounced so for .. normal pa is a bounce to 2750 area. a swing is 2740 area. 2682 area is a rhythm area we usually respect. 500 pips above or 500 pips below.
.

I see what you mean now with 1.275x, however, is on exhaustion levels in trending mode with FA and TA aligned so although I have 1.275x still open, the odds for a runaway move have preference in my view with a deeper retrace up after....We'll see, still trading in chop zone...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #47,499
  • Jan 16, 2012 3:30am Jan 16, 2012 3:30am
Quoting sisse
.

I see what you mean now with 1.275x, however, is on exhaustion levels in trending mode with FA and TA aligned so although I have 1.275x still open, the odds for a runaway move have preference in my view with a deeper retrace up after....We'll see, still trading in chop zone...

sisse
625 to 695?
  • #47,500
  • Jan 16, 2012 3:32am Jan 16, 2012 3:32am
Quoting Chillypiper
Funky called Madena thing there.. Good GAP fillage! seams good for scalpen 10 or so here and there 2650 as Mr PLT said is the number short term..
i meant so they can screw both short term, long and short stops, in this range, with reduced volumes as ny having day off..
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