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The Really Useless Thread

  • #59,841
  • Feb 23, 2012 5:06am Feb 23, 2012 5:06am
Quoting FXMindset
15Minutes so far
We are trading inside major Resistance area (Yearly to Weekly Rs). Yearly, Q and monthly range is completed in my books without a further break (need monthly roll). Weekly has tiny but high risk crumbs to 1.337x and daily even riskier and not tradable if you aren't already in to 1.342x.

H4 just failed to crack the highs inside of R and Dax is about to confirm rejection of highs (with NY) for a deeper retrace so ....I am changing my outlook from buy to neutral and ready to clear longs very soon but the meat will be on the next leg down in the downtrend...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #59,842
  • Feb 23, 2012 5:09am Feb 23, 2012 5:09am
Quoting sisse
We are trading inside major Resistance area (Yearly to Weekly Rs). Yearly, Q and monthly range is completed in my books without a further break (need monthly roll). Weekly has tiny but high risk crumbs to 1.337x and daily even riskier and not tradable if you aren't already in to 1.342x.

H4 just failed to crack the highs inside of R and Dax is about to confirm rejection of highs (with NY) for a deeper retrace so ....I am changing my outlook from buy to neutral and ready to clear longs very soon but the meat will be on the next leg down in the...
Thanks for the guide sis
If there was easy money lying around,no one would be forcing it into your
  • #59,843
  • Feb 23, 2012 5:15am Feb 23, 2012 5:15am
Quoting FibbinArchie
assuming it doesn't stall beforehand, 3436 is the longer term 50% retrace level...
Yes bro,If this Daily formation respected well then 3436 might be tested tomorrow.Btw thanks for pointed that
Well...Long Just closed for +10
Attached Image (click to enlarge)
Click to Enlarge Name: EUD.png Size: 42 KB
If there was easy money lying around,no one would be forcing it into your
  • #59,844
  • Feb 23, 2012 5:23am Feb 23, 2012 5:23am
Quoting sisse
We are trading inside major Resistance area (Yearly to Weekly Rs). Yearly, Q and monthly range is completed in my books without a further break (need monthly roll). Weekly has tiny but high risk crumbs to 1.337x and daily even riskier and not tradable if you aren't already in to 1.342x.

H4 just failed to crack the highs inside of R and Dax is about to confirm rejection of highs (with NY) for a deeper retrace so ....I am changing my outlook from buy to neutral and ready to clear longs very soon but th[b]e meat will be on the next leg down in...
maybe this formation..
Attached Image (click to enlarge)
Click to Enlarge Name: E15.png Size: 34 KB
If there was easy money lying around,no one would be forcing it into your
  • #59,845
  • Feb 23, 2012 5:38am Feb 23, 2012 5:38am
Quoting FXMindset
Yes bro,If this Daily formation respected well then 3436 might be tested tomorrow.Btw thanks for pointed that
Well...Long Just closed for +10
down 50 off the high, actually pretty normal for time of day, waiting for ny and us data...
  • #59,846
  • Feb 23, 2012 5:53am Feb 23, 2012 5:53am
Quoting FibbinArchie
down 50 off the high, actually pretty normal for time of day, waiting for ny and us data...
if it follows the common pattern then we may see it dip further around the open before more up, assuming risk positive data, lets c...
  • #59,847
  • Feb 23, 2012 5:55am Feb 23, 2012 5:55am
fxl - post am session, market talking points-

 

  1. German February Ifo business climate index 109.6, stronger than Reuter’s median forecast of 108.8
  2. Ifo economist Abberger: Does not see recession in Germany for now
  3. EU Commission cuts 2012 euro area growth forecast to -0.3% from previous +0.5%
  4. EU’s Rehn: Euro area has entered into a mild recession
  5. BOE’s Miles: UK is still in a very precarious situation – CNBC
  6. BOE’s Haldane: UK economy recovering slower than it did in 1930s
  7. Swedish consumer confidence -3.2 pts in February, weaker than Reuter’s median forecast of flat
  8. UK January mortgage approvals 38,092, stronger than 36,250 median forecast
  9. UK February CBI industrial trends, total orders -3 from -16 in January, better than median forecast of -13
  10. Spain appeals to Brussels for easier deficit reduction – The Telegraph
  11. EU’s Rehn: Any decision on Spanish deficit targets to be taken when all economic data has been released by Eurostat
  12. New push for reforms in China – WSJ

Bit more activity this morning, thank goodness. EUR/USD up at 1.3300 from early 1.3260, having reached session high 1.3342 in the wake of stronger than expected German Ifo survey (see above)
Middle Eastern sovereign buying notable early. Barrier option interest had been well-documented at 1.3300 and the mother of all battles subsequently took place just shy of said level.
Infamous US investment bank was notable seller just ahead of 1.3300 and they held out until just ahead of the 09:00 GMT Ifo release. The release of the better than expected data saw fairly sharp gains to aforementioned session high.
Protection of next barrier interest at 1.3350 and comments from EU’s Rehn (see above) then helped take the wind out of the single currency’s sails.
Cable up at 1.5715 from early 1.5675. Talk of sell orders clustered 1.5730/35.
USD/JPY effectively unchanged at 80.15.

  • #59,848
  • Feb 23, 2012 6:02am Feb 23, 2012 6:02am
Quoting FibbinArchie
fxl - post am session, market talking points-

[list][*]German February Ifo business climate index 109.6, stronger than Reuter’s median forecast of 108.8[*]Ifo economist Abberger: Does not see recession in Germany for now[*]EU Commission cuts 2012 euro area growth forecast to -0.3% from previous +0.5%[*]EU’s Rehn: Euro area has entered into a mild recession[*]BOE’s Miles: UK is still in a very precarious situation – CNBC[*]BOE’s Haldane: UK economy recovering slower than it did in 1930s[*]Swedish consumer confidence -3.2 pts...
Noted


Thanks Bro
If there was easy money lying around,no one would be forcing it into your
  • #59,849
  • Feb 23, 2012 6:06am Feb 23, 2012 6:06am
Quoting FXMindset
Noted


Thanks Bro
you're welcome, but thank these..

www.forexlive.com
  • #59,850
  • Feb 23, 2012 6:09am Feb 23, 2012 6:09am
Quoting FibbinArchie
you're welcome, but thank these..

www.forexlive.com
whats up bro


fx nice one

5:57 AM The European Commission now forecasts a mild recession for the eurozone, with the region shrinking 0.3% this year. As recently as November, the EC had expected 0.5% growth this year. One of the sharpest country revisions is for Spain, now expected to contract 1% vs. prior forecast of +0.7%. Stocks give back gains after the report: London +0.2%. Paris -0.1%. Frankfurt -0.3%. Euro +0.5% to $1.3314
  • #59,851
  • Feb 23, 2012 6:10am Feb 23, 2012 6:10am
Quoting Gleneagles
EU 60M chart showing correlation areas (all red or all blue) with DOW and SPX
howdy and good morning

lost internet last night and could never get online until now grrrrrrrrrrrrr

so what did i miss besides a nice little upmove that started too early?

dustbins look to be a bit messy at first glance so will have to work on them before posting a chart
  • #59,852
  • Feb 23, 2012 6:13am Feb 23, 2012 6:13am
Quoting AllyB
howdy and good morning

lost internet last night and could never get online until now grrrrrrrrrrrrr

so what did i miss besides a nice little upmove that started too early?

dustbins look to be a bit messy at first glance so will have to work on them before posting a chart

u missed all the dust it was fogy to much dust in the air
  • #59,853
  • Feb 23, 2012 6:14am Feb 23, 2012 6:14am
lube
  • #59,854
  • Feb 23, 2012 6:17am Feb 23, 2012 6:17am
Quoting kill56
u missed all the dust it was fogy to much dust in the air
i stirred the dust up a bit yesterday ... hasn't had time to settle yet kill
  • #59,855
  • Feb 23, 2012 6:22am Feb 23, 2012 6:22am
Quoting kill56
whats up bro


fx nice one

5:57 AM The European Commission now forecasts a mild recession for the eurozone, with the region shrinking 0.3% this year. As recently as November, the EC had expected 0.5% growth this year. One of the sharpest country revisions is for Spain, now expected to contract 1% vs. prior forecast of +0.7%. Stocks give back gains after the report: London +0.2%. Paris...
Up quick down quick bro,,,From 40 pips gained took 10 pips only,however The most importantly green ya..
hv your breakfast,Lunch or Dinner yet bro ? Fill your stomach first ya before post

Have a great Day sweety
If there was easy money lying around,no one would be forcing it into your
  • #59,856
  • Feb 23, 2012 6:33am Feb 23, 2012 6:33am
Quoting kill56
whats up bro


fx nice one

5:57 AM The European Commission now forecasts a mild recession for the eurozone, with the region shrinking 0.3% this year. As recently as November, the EC had expected 0.5% growth this year. One of the sharpest country revisions is for Spain, now expected to contract 1% vs. prior forecast of +0.7%. Stocks give back gains after the report: London +0.2%. Paris -0.1%....
'sup kill, done about 50% of daily target on scalps so far..

looking to get in long for a swing around ny open, thinking 3250-70ish, but the planets will need to come into alignment..
  • #59,857
  • Feb 23, 2012 6:42am Feb 23, 2012 6:42am
portugal is the new greece?
  • #59,858
  • Feb 23, 2012 6:43am Feb 23, 2012 6:43am
Quoting FibbinArchie
'sup kill, done about 50% of daily target on scalps so far..

looking to get in long for a swing around ny open, thinking 3250-70ish, but the planets will need to come into alignment..
so far reacted at m15 trend line...
  • #59,859
  • Feb 23, 2012 6:43am Feb 23, 2012 6:43am
Quoting FibbinArchie
'sup kill, done about 50% of daily target on scalps so far..

looking to get in long for a swing around ny open, thinking 3250-70ish, but the planets will need to come into alignment..
i dont know about swings stll not clear a close above 3380 will confirm , in the main time i will play the range still east for salvation to me , walking the dog is cool for now both ways till we break or no shake, 3180 is full of lube
  • #59,860
  • Feb 23, 2012 6:46am Feb 23, 2012 6:46am
Quoting FXMindset
Up quick down quick bro,,,From 40 pips gained took 10 pips only,however The most importantly green ya..
hv your breakfast,Lunch or Dinner yet bro ? Fill your stomach first ya before post

Have a great Day sweety

dam lol dam lol dam lol sweety

u too bro enjoy u what ever

the dog is fucked to tired to breath running between the lines
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