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The Really Useless Thread

  • #55,621
  • Feb 9, 2012 1:56am Feb 9, 2012 1:56am
Quoting PayTheLimit
morning bear, what does the 3212/22 area mean to you, if anything?
morning PTL,

I prefer to look at USD for entries, lately though (yesterday) USDOLLAR-Index moves get translate less in EU due to EUR's specific stance.
When looking at that area I would suggest it's a level which gives some signals the major downtrend might resume when clearly broken.

EU M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0028.jpg Size: 94 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #55,622
  • Feb 9, 2012 1:57am Feb 9, 2012 1:57am
Quoting PayTheLimit
well played brother..
Thnx bro.

Checking European indexes. In steep uptrends, Dax holdin on last "weak" R 684x.x Above amazingly will open 7000.x and a bit beyond. They are so "behind" from the US stock markets in terms of the rally (ES and NQ well inside of strong resistances) that a break up in Europe can carry the ES to even higher levels if they break up.

However, it doesn't look that Europe is ready yet for a macro u-turn like the US but it just that they overshot with the pessimistic outlook last Q....In any case, the BS frpm Greece is the catalyst short term so...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #55,623
  • Feb 9, 2012 1:59am Feb 9, 2012 1:59am
Quoting USD-Bear
morning PTL,

I prefer to look at USD for entries, lately though (yesterday) USDOLLAR-Index moves get translate less in EU due to EUR's specific stance.
When looking at that area I would suggest it's a level which gives some signals the major downtrend might resume when clearly broken.

EU M15:
Attachment
I would have to agree, sure we could see a test/hold intraday, but a close below on the daily will be trouble, I think...good luck today..
Look Sharp/Trade Tight
  • #55,624
  • Feb 9, 2012 2:02am Feb 9, 2012 2:02am
Quoting gatorinla
pulled the trigger. 1h divergence and 30m candle said i could.
out with 14.. we closed above 3268.. so im out for now.
those who can, do. those who cant, talk about those who can
  • #55,625
  • Feb 9, 2012 2:03am Feb 9, 2012 2:03am
3290, frankies mid..
Look Sharp/Trade Tight
  • #55,626
  • Feb 9, 2012 2:04am Feb 9, 2012 2:04am
Quoting gatorinla
out with 14.. we closed above 3268.. so im out for now.
will you go again up there, or try for higher?
Look Sharp/Trade Tight
  • #55,627
  • Feb 9, 2012 2:08am Feb 9, 2012 2:08am
Quoting sisse
Thnx bro.

Checking European indexes. In steep uptrends, Dax holdin on last "weak" R 684x.x Above amazingly will open 7000.x and a bit beyond. They are so "behind" from the US stock markets in terms of the rally (ES and NQ well inside of strong resistances) that a break up in Europe can carry the ES to even higher levels if they break up.

However, it doesn't look that Europe is ready yet for a macro u-turn like the US but it just that they overshot with the pessimistic outlook last Q....In any case, the BS frpm Greece is the catalyst short...
those stocks are pricing in perfection, at some point that will bite them in the ass I suspect..dont ask me when however...
Look Sharp/Trade Tight
  • #55,628
  • Feb 9, 2012 2:17am Feb 9, 2012 2:17am
Quoting PayTheLimit
those stocks are pricing in perfection, at some point that will bite them in the ass I suspect..dont ask me when however...
Sure, moreover, short term euro can overshoot another +/-100 ticks from the current price to 1.336x just as collateral without any fuss.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #55,629
  • Feb 9, 2012 2:18am Feb 9, 2012 2:18am
Quoting PayTheLimit
will you go again up there, or try for higher?
3312 is a mid to 3408... i was looking for a L at 3209.. i will L with a candle next chance i get.. 3281 and below may be a bear today. ill wait for a h close. 3146 area would be a second choice. im just gonna rape this fucker and take what it gives and gtf out. if we had closed below 68 the last h i would of held my s a little longer.
those who can, do. those who cant, talk about those who can
  • #55,630
  • Feb 9, 2012 2:25am Feb 9, 2012 2:25am
Quoting PayTheLimit
will you go again up there, or try for higher?
waiting ti c what side of 81 it closes. even then i got bear div on the h.... i may just jerk off and c what comes out.
those who can, do. those who cant, talk about those who can
  • #55,631
  • Feb 9, 2012 2:30am Feb 9, 2012 2:30am
Quoting gatorinla
3312 is a mid to 3408... i was looking for a L at 3209.. i will L with a candle next chance i get.. 3281 and below may be a bear today. ill wait for a h close. 3146 area would be a second choice. im just gonna rape this fucker and take what it gives and gtf out. if we had closed below 68 the last h i would of held my s a little longer.
lol, seems like a plan...

I also have 3409 on the red chart, but its proximity to last years quarter, 3378 confuses me..

3178 I think will be an interesting level also, its the daily mid from the day before yesterday, the breakout bar, might not come in to play today..

and this 3308/16 area seems to be on everyones radar, so it might be sloppy...

in short, I dont have something solid right now..
Look Sharp/Trade Tight
  • #55,632
  • Feb 9, 2012 2:31am Feb 9, 2012 2:31am
we could range 3281 london close till the 3312 mid.. the day closed bullish.. but we have a mid with divergence. to slow the up move.
those who can, do. those who cant, talk about those who can
  • #55,633
  • Feb 9, 2012 2:50am Feb 9, 2012 2:50am
Quoting PayTheLimit

3178 I think will be an interesting level also, its the daily mid from the day before yesterday, the breakout bar, might not come in to play today..
went ahead and drew this bar out, just to see what it had to offer..
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.gif Size: 15 KB
Look Sharp/Trade Tight
  • #55,634
  • Feb 9, 2012 2:56am Feb 9, 2012 2:56am
these london pussies are not gonna bring it yet again
  • #55,635
  • Feb 9, 2012 2:58am Feb 9, 2012 2:58am
I have a LH this hour, by a sliver...
Look Sharp/Trade Tight
  • #55,636
  • Feb 9, 2012 2:59am Feb 9, 2012 2:59am
I also have very good reason to believe that I will be using the bathroom during the next hourly bar..
Look Sharp/Trade Tight
  • #55,637
  • Feb 9, 2012 3:00am Feb 9, 2012 3:00am
3289, the LO mid..
Look Sharp/Trade Tight
  • #55,638
  • Feb 9, 2012 3:20am Feb 9, 2012 3:20am
Quoting PayTheLimit
I also have very good reason to believe that I will be using the bathroom during the next hourly bar..

bro , you have a problem , better sort out your home office
Attached Image
" Never let the past hold the future to ransom "
  • #55,639
  • Feb 9, 2012 3:23am Feb 9, 2012 3:23am
Quoting Gleneagles
bro , you have a problem , better sort out your home office
  • #55,640
  • Feb 9, 2012 3:29am Feb 9, 2012 3:29am
Quoting Gleneagles
bro , you have a problem , better sort out your home office
that is one sweet set up...for sure..
Look Sharp/Trade Tight
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