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The Really Useless Thread

  • #48,741
  • Jan 19, 2012 1:17pm Jan 19, 2012 1:17pm
PM sent earlier HK. Let me know if you don't get it

There's a baby butterfly on the 15min now pointing higher but Picasso here is not setup to draw butterflies yet

Quoting hkkhanus
kool pipper send it over, cheers
Disclaimer: Check your 1m charts
  • #48,742
  • Jan 19, 2012 1:18pm Jan 19, 2012 1:18pm
Quoting PayTheLimit
2911, is last hours mid..
that bar is the largest bull bar of this rally, not sure it that means anything, but I'm noting that mid...
Look Sharp/Trade Tight
  • #48,743
  • Jan 19, 2012 1:18pm Jan 19, 2012 1:18pm
Weeky R3 at 298x Sisse. I'm thinking she hits here hopefully before a little retrace and more up

Quoting sisse
....nothing like being in perfect synch with the market, isn't it? ...enjoy mate while it last. Here I have the outstanding record of not getting even 1 single tick in the euro this week.... well hopefully it wont last for long....

I think is overextend this week and 1.295x is my weekly roll level in play. Zooming in intraday I got some decent R at 1.297x. Above I got 1.316x but not this week...we'll see and GL

sisse
Disclaimer: Check your 1m charts
  • #48,744
  • Jan 19, 2012 1:19pm Jan 19, 2012 1:19pm
Quoting sisse
....nothing like being in perfect synch with the market, isn't it? ...enjoy mate while it last. Here I have the outstanding record of not getting even 1 single tick in the euro this week.... well hopefully it wont last for long....

I think is overextend this week and 1.295x is my weekly roll level in play. Zooming in intraday I got some decent R at 1.297x. Above I got 1.316x but not this week...we'll see and GL

sisse
next week is the last week of the month, right? check out the monthly candle.
  • #48,745
  • Jan 19, 2012 1:21pm Jan 19, 2012 1:21pm
Damn it. I'm seeing next month down

Quoting pkimnyc
next week is the last week of the month, right? check out the monthly candle.
Disclaimer: Check your 1m charts
  • #48,746
  • Jan 19, 2012 1:21pm Jan 19, 2012 1:21pm
this rally is running on duracell..

Inserted Video
  • #48,747
  • Jan 19, 2012 1:23pm Jan 19, 2012 1:23pm
Quoting fxjawn
well reality tells a diff story....

dont take it personally man i dont jump on you for your views... this has been my view since last week and its worth talking about bc it happened...

if your short way up like you say this this shit should be no big deal price u pay for riding out a long term play, but to say its a bullshit suckers rally is just complete nonsense
I'm not jumpin on ur shit

I'm just say its a suckers rally on the TF's I care about

Is it a retracement? Ya ur prolly right. But there is just too much stacked against this turd for this to be floating on anything but pure air

Healthy bond auctions? Umm no, case in point the "strong" Greek auctions in 2010 and 2011 that were blown up shortly thereafter

Bad bank earning? I guess no one cares... Rally on risk!

Greek PSI? Gives me teh lulz anyone thinks this is more than a bankruptcy play. The market rallied when Lehman made their bankruptcy play too..

Imf's half a trill???? Ughh, the idiocy of that whole farce is beyond imagination

I dunno... The list goes on and on

All this heap needs is a tiny sell signal and the bottom drops out




Of course I'm pretty much always wrong for at least a few months before the market catches up to my sheer genius and mind boggling powers of observation....
  • #48,748
  • Jan 19, 2012 1:25pm Jan 19, 2012 1:25pm
Quoting sisse
....nothing like being in perfect synch with the market, isn't it? ...enjoy mate while it last. Here I have the outstanding record of not getting even 1 single tick in the euro this week.... well hopefully it wont last for long....

I think is overextend this week and 1.295x is my weekly roll level in play. Zooming in intraday I got some decent R at 1.297x. Above I got 1.316x but not this week...we'll see and GL

sisse
na it wont last for long man never does... if it did it would be to easy..

besides the currency market is a big pile of nonsense anyway its just being able to see times of opp and take some crumbs along the way...

easier said than done though
  • #48,749
  • Jan 19, 2012 1:27pm Jan 19, 2012 1:27pm
Quoting pipper
There's a trader i follow who says that the first part of the butterfly shown is too shallow for a butterfly hence the second part is actually a crab formation. Food for thought. I'll PM you link
although he is not a trader... but someone i follow is a janitor at my work. if he talks about euro going down, i usually look for long setups. vs for sell. works like a charm. if you have a janitor in your building, be a good friend.
  • #48,750
  • Jan 19, 2012 1:28pm Jan 19, 2012 1:28pm
Quoting pipper
Weeky R3 at 298x Sisse. I'm thinking she hits here hopefully before a little retrace and more up
R3 mate? is only a few ticks above highs, it shouldn't be R3 given OHLC of last bar...in any case, thx I will have look at it now that I am refreshing charts.

Quoting pkimnyc
next week is the last week of the month, right? check out the monthly candle.
Yeap I got that last swing low on sight and marked with highlights.... Looks definitively good and almost unavoidable TA wise during the next few weeks ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #48,751
  • Jan 19, 2012 1:33pm Jan 19, 2012 1:33pm



lol

Quoting pkimnyc
although he is not a trader... but someone i follow is a janitor at my work. if he talks about euro going down, i usually look for long setups. vs for sell. works like a charm. if you have a janitor in your building, be a good friend.
Disclaimer: Check your 1m charts
  • #48,752
  • Jan 19, 2012 1:34pm Jan 19, 2012 1:34pm
Well looks like I'm moving again in a week

3rd time in as many months... Yay...
  • #48,753
  • Jan 19, 2012 1:36pm Jan 19, 2012 1:36pm
Yip, Weekly R3 1.2983

http://www.fxstreet.com/forex-tools/...nt-calculator/

Quoting sisse
R3 mate? is only a few ticks above highs, it shouldn't be R3 given OHLC of last bar...in any case, thx I will have look at it now that I am refreshing charts.



Yeap I got that last swing low on sight and marked with highlights.... Looks definitively good and almost unavoidable TA wise during the next few weeks ...

sisse
Disclaimer: Check your 1m charts
  • #48,754
  • Jan 19, 2012 1:37pm Jan 19, 2012 1:37pm
Quoting Wulfgar
I'm not jumpin on ur shit

I'm just say its a suckers rally on the TF's I care about

Is it a retracement? Ya ur prolly right. But there is just too much stacked against this turd for this to be floating on anything but pure air

Healthy bond auctions? Umm no, case in point the "strong" Greek auctions in 2010 and 2011 that were blown up shortly thereafter

Bad bank earning? I guess no one cares... Rally on risk!

Greek PSI? Gives me teh lulz anyone thinks this is more than a bankruptcy play. The market rallied when Lehman made their...
all im saying if ur trading form the dailys that that even makes more of a case that its not a suckers rally...

look at nov 28th... perfect example of a retracement in a downtrend price bounced off 3200 and rallied 350 pips to 3550 then dropped 600 pips to dec 19th of 2950... happens over and over.. and its nothing more than retracements in a overall down trend.... just seems like more than it is when its happening...

i mean shit the euro has dropped 1600 pips sice holloween so retracements are deff well deserved...

just remember the bigger the rise the harder the fall
  • #48,755
  • Jan 19, 2012 1:41pm Jan 19, 2012 1:41pm
Quoting Wulfgar
It's all bullshit and a suckers rally


Anyway fuck the world, I'm short
surgery or Viagra may help. or one of those pumpy things. i think a shop vac is cheaper.
those who can, do. those who cant, talk about those who can
  • #48,756
  • Jan 19, 2012 1:43pm Jan 19, 2012 1:43pm
Quoting pipper
Yip, Weekly R3 1.2983

http://www.fxstreet.com/forex-tools/...nt-calculator/
... R2 mate (classic) ...I have it now ...doesn't change much still a pivot...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #48,757
  • Jan 19, 2012 1:46pm Jan 19, 2012 1:46pm
Ah, i see Sisse. Was using Fibonacci settings

Quoting sisse
... R2 mate (classic) ...I have it now ...doesn't change much still a pivot...

sisse
Disclaimer: Check your 1m charts
  • #48,758
  • Jan 19, 2012 1:47pm Jan 19, 2012 1:47pm
Quoting pipper
Ah, i see Sisse. Was using Fibonacci settings

/
Look Sharp/Trade Tight
  • #48,759
  • Jan 19, 2012 1:48pm Jan 19, 2012 1:48pm
Quoting fxjawn
all im saying if ur trading form the dailys that that even makes more of a case that its not a suckers rally...

look at nov 28th... perfect example of a retracement in a downtrend price bounced off 3200 and rallied 350 pips to 3550 then dropped 600 pips to dec 19th of 2950... happens over and over.. and its nothing more than retracements in a overall down trend.... just seems like more than it is when its happening...

i mean shit the euro has dropped 1600 pips sice holloween so retracements are deff well deserved...

just remember the bigger...

I liked the one last year on the fall from 49xx to 31xx that str8 rocketed back to 424x before dumping to where we are now

I swear if we retrace
Halfway to around the 3329-3500 level I'm gonna stab a baby in the face


Btw good call man... I'm not taking anything away from ur forex knowledge... It's vastly superior to mine...u r like a combo
Of Yoda/mr Miyagi/ Jesus/ krishna/ and Ghandi all rolled into one glorious trader lately

I wish u were here to help me move... Fuck, it's gonna suck doing it on my own again
  • #48,760
  • Jan 19, 2012 1:48pm Jan 19, 2012 1:48pm
if 2945 contains this.. it looks like 2808..usdx has hit a support. with a 80.76 target. target will remain even with more slippage to a point.
those who can, do. those who cant, talk about those who can
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