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The Really Useless Thread

  • #61,021
  • Feb 28, 2012 10:37am Feb 28, 2012 10:37am
Have 365x as a possible final destination. Now, looking for it to drop some
Disclaimer: Check your 1m charts
  • #61,022
  • Feb 28, 2012 10:43am Feb 28, 2012 10:43am
Quoting sisse
Strongly agree with 1.361x and cable 1.603x. AUD 1.096x wide open but not beyond as quarterly and yearly may cap the move.

I also agree that we need a pullback in dollar and the trigger will definitively come from profit taking in equities.

Let see, stocks in mania mode so I guess we need to trade accordingly.

sisse
usdx support was 78.04 now 78.10 near atm ascending (about 6 pips per week, about 12/18 eu pips per week. )
dow r 13138 near atm
s/p target 1381.5
eu target 3610 with s/r 3587 area. we will probably close under 3587 after
aud target 1.11068.. the current high is unable to pass the mofu to 1.11068.. stopped in its tracks.

trading is set up to screw most of the people most of the time.
curios if the month closes below 3461.3 or not. we seem to be respecting it today with closes
those who can, do. those who cant, talk about those who can
  • #61,023
  • Feb 28, 2012 10:45am Feb 28, 2012 10:45am
Almost at every fib #, this pair made a turn . Is it merely a coincidence ?

Attached Image (click to enlarge)
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #61,024
  • Feb 28, 2012 10:46am Feb 28, 2012 10:46am
Quoting FibbinArchie
may get a counter trend, if so i'll look for a resumption around 6pm our time (end of ny lunch)...

gotta nip up to asda, be back later...
flatliners, gonna call it a day i think with a couple of text alerts set..
  • #61,025
  • Feb 28, 2012 10:46am Feb 28, 2012 10:46am
Silver was on fire today. covered my position through limits 40 pips lower, but still got a good chunk out of it.

thinking of setting a few sell limits here and there to play the end of the month, although 3530 is widely open for a home run tomorrow. will be on a plane tomorrow, so wont see anything.

in any case, looks like stocks will be in a full bull mode. BTW sisse nice call on S&P going for the highs in December... I think
  • #61,026
  • Feb 28, 2012 10:51am Feb 28, 2012 10:51am
junkiessssssss

we still in lube mode its the end of the month lets see where they wanna close es and dow

dari shorting shinys was cool
  • #61,027
  • Feb 28, 2012 10:53am Feb 28, 2012 10:53am
month end may cause some volatility over the coming 24 hrs...
  • #61,028
  • Feb 28, 2012 10:55am Feb 28, 2012 10:55am
Quoting kill56
junkiessssssss

we still in lube mode its the end of the month lets see where they wanna close es and dow

dari shorting shinys was cool
leap year don't forget..
  • #61,029
  • Feb 28, 2012 10:59am Feb 28, 2012 10:59am
Quoting gatorinla
usdx support was 78.04 now 78.10 near atm
dow r 13138 near atm
s/p target 1381.
eu target 3610 with s/r 3587 area. we will probably close under 3587 after
aud target 1.11068.. the current high is unable to pass the mofu to 1.11068.. stopped in its tracks.

trading is set up to screw most of the people most of the time.
curios if the month closes below 3461.3 or not. we seem to be respecting it today with closes
My monthly roll level in play is a bit lower 1.338x but yes that monthly close is what I am looking for.

ES weekly range to 1381.xx seems like a done deal and above 1.398.xx (on the continuation contract on the contract rollover) is a massive resistance that will need some extra FA to crack it.

In the Dow, to pay attention is the daily close above the "psychological" 13000 (not really technical) but just for the headlines in the news and convince the masses that everything is back on track and as early signal to take some profits after the manic move.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #61,030
  • Feb 28, 2012 10:59am Feb 28, 2012 10:59am
Quoting darimik
Silver was on fire today. covered my position through limits 40 pips lower, but still got a good chunk out of it.

thinking of setting a few sell limits here and there to play the end of the month, although 3530 is widely open for a home run tomorrow. will be on a plane tomorrow, so wont see anything.

in any case, looks like stocks will be in a full bull mode. BTW sisse nice call on S&P going for the highs in December... I think
i c 40.41 mid and a 45.17 target... i would let it drop maybe to 30.9.. first
those who can, do. those who cant, talk about those who can
  • #61,031
  • Feb 28, 2012 11:00am Feb 28, 2012 11:00am
Quoting FibbinArchie
leap year don't forget..
dammmmmmm oh fuck, thanks bro
  • #61,032
  • Feb 28, 2012 11:01am Feb 28, 2012 11:01am
Quoting sisse
My monthly roll level in play is a bit lower 1.338x but yes that monthly close is what I am looking for.

ES weekly range to 1381.xx seems like a done deal and above 1.398.xx (on the continuation contract on the contract rollover) is a massive resistance that will need some extra FA to crack it.

In the Dow, to pay attention is the daily close above the "psychological" 13000 (not really technical) but just for the headlines in the news and convince the masses that everything is back on track and as early signal to take some profits after the...
3461.25 is an old 2008 chart #
those who can, do. those who cant, talk about those who can
  • #61,033
  • Feb 28, 2012 11:08am Feb 28, 2012 11:08am
yer- s&p looks like it's headed south, reckon that'll do for today's ride...

later folks..
  • #61,034
  • Edited 11:22am Feb 28, 2012 11:11am | Edited 11:22am
Quoting gatorinla
i c 40.41 mid and a 45.17 target... i would let it drop maybe to 30.9.. first
i hope it will we might have a dumb


http://www.forexfactory.com/showthre...29#post5427329


i like the indi in here its too dam good in the attachment i will post at the yard


its now their fib m
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  • #61,035
  • Feb 28, 2012 11:11am Feb 28, 2012 11:11am
Good day all! Interesting Brent area.. Maybe some loonie play ..?
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  • #61,036
  • Feb 28, 2012 11:14am Feb 28, 2012 11:14am
Would love a retest of 3305

Quoting pipper
Have 365x as a possible final destination. Now, looking for it to drop some
Disclaimer: Check your 1m charts
  • #61,037
  • Feb 28, 2012 11:15am Feb 28, 2012 11:15am
Quoting samdani786
Almost at every fib #, this pair made a turn . Is it merely a coincidence ?

Well, if one put out of the equation picking the right swing high/low and at the right time (not too much after the fact) it looks fantastic ...in all other cases I just call it "chart fitting".

..Don't get me wrong. I really hope you caught most of those swings but IMHO, if you know which swings to pick at the right time even the sluggish indicator can be the holy grail ...even tossing a coin will be profitable ...like always the problem is not in the tools but in the timing and sharpness of recognizing swing areas...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #61,038
  • Feb 28, 2012 11:20am Feb 28, 2012 11:20am
Quoting sisse
Well, if one put out of the equation picking the right swing high/low and at the right time (not too much after the fact) it looks fantastic ...in all other cases I just call it "chart fitting".

..Don't get me wrong. I really hope you caught most of those swings but IMHO, if you know which swings to pick at the right time even the sluggish indicator can be the holy grail ...even tossing a coin will be profitable ...like always the problem is not in the tools but in the timing and sharpness of recognizing swing areas...

sisse
bro did u notice that the big guys dont want to close dow above the 13000
  • #61,039
  • Feb 28, 2012 11:25am Feb 28, 2012 11:25am
Woah, whoah.... Easy guys. How many times do I have to say it?: We're not going anywhere any time soon... Just saying....Tzs, tzs, tzs....
  • #61,040
  • Feb 28, 2012 11:29am Feb 28, 2012 11:29am
Quoting kill56
bro did u notice that the big guys dont want to close dow above the 13000
Well I don't see a real reason (except the bla bla in the news) but in general:

1. Volume is a bit light for a new breakout
2. If you see the slope of the uptrend and especially the weekly and monthly charts we haven't have a pullback yet that make me think that they may do the deal soon TA (a daily close above) but not follow through to reload lower and enter in full bull territory before election.
3. Monthly close and rollovers

So let's wait and see.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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