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The Really Useless Thread

  • #61,721
  • Mar 1, 2012 5:41pm Mar 1, 2012 5:41pm
Quoting Wulfgar
im guessing they accomplished setting the date for the next meeting
you must be a sister cleo. how did you know?

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  • #61,722
  • Mar 1, 2012 5:57pm Mar 1, 2012 5:57pm
Quoting 2046
bull or bear is only a matter of timeframe

H1 had a good sell signal (TKx) at 342x and remains bearish.

H4 has not yet confirmed end of bullish trend and upper kumo line could give support from around 3260 to 3300.
Just below, fib38.2 at 3240 seems to be a level that everyone has an eye on.

D1 remains bullish after Kumo breakout and support comes from Kijun sen and kumo at around 3200

W1 candle signals continuation of bearish trend. week...
Support on H4 from upper kumo line as expected 24h ago. A retrace to 3348 during Asia would make a bearish continuation towards 3202 appear more likely..
336 and 338 would be next levels up but that looks a bit unlikely at the moment.
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  • #61,723
  • Mar 1, 2012 5:59pm Mar 1, 2012 5:59pm
Quoting gatorinla
in all fairness the 4h candle closed in the bullish piercing formation. less powerful then an engulfed one,but still bullish. so the r/r higher has to be greater then the current low. resistance is too close for me to trade it.
the following 4h candle was red. the day is red. longs beware..

gold atm has a pretty flag and a pole. beware of down b/o.. 1582/83 indicated. we still have a valid unfulfilled 1492-8 target..
those who can, do. those who cant, talk about those who can
  • #61,724
  • Mar 1, 2012 6:02pm Mar 1, 2012 6:02pm
spooky...

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  • #61,725
  • Edited 6:23pm Mar 1, 2012 6:12pm | Edited 6:23pm
time to be aware of closes below.. 3324 17 16 11 09,,, a tight package of support.. this and a break of 3274/75... seems to be close.
all major closes where lower in the last 24 h.. they all agree atm. some s/r at 3237 expected. the consolidation on the 4h is a uglish looking non-perfect flag. target using another method is 3247.. but thats the min...treat the 4h like a flag and its 3078 ish..or 3142 using the first one built on the 4h
those who can, do. those who cant, talk about those who can
  • #61,726
  • Mar 1, 2012 7:05pm Mar 1, 2012 7:05pm
Quoting gatorinla
time to be aware of closes below.. 3324 17 16 11 09,,, a tight package of support.. this and a break of 3274/75... seems to be close.
all major closes where lower in the last 24 h.. they all agree atm. some s/r at 3237 expected. the consolidation on the 4h is a uglish looking non-perfect flag. target using another method is 3247.. but thats the min...treat the 4h like a flag and its 3078 ish..or 3142 using the first one built on the 4h
3150....Im eyeing there
  • #61,727
  • Mar 1, 2012 7:19pm Mar 1, 2012 7:19pm
3225 first?
  • #61,728
  • Mar 1, 2012 7:31pm Mar 1, 2012 7:31pm
Quoting gatorinla
the following 4h candle was red. the day is red. longs beware..

gold atm has a pretty flag and a pole. beware of down b/o.. 1582/83 indicated. we still have a valid unfulfilled 1492-8 target..
Bearish on GOLD mate.... or you took another bribe from Feds..[BB] j/k

how about an ABC retrace to 1740-50 before anything ?
  • #61,729
  • Mar 1, 2012 7:59pm Mar 1, 2012 7:59pm
Quoting Piters
Bearish on GOLD mate.... or you took another bribe from Feds..[BB] j/k

how about an ABC retrace to 1740-50 before anything ?
went everywhere i charted thus far including the top. of course it was posted months before. ill go one further if we go to 1492-8... it will go to 1363... shorter term im bullish near 1531 with a target of 1840.70.. but if lost... the bears will come at 1530 of course there will be fake bounces.. those huge bounces are trade-able too.
those who can, do. those who cant, talk about those who can
  • #61,730
  • Mar 1, 2012 8:08pm Mar 1, 2012 8:08pm
I see why would you guys go short but, can anybody tell me why do you think the current long trend has changed? Just curious what are you looking at to make that determination when calling hundreds of pips away targets..
  • #61,731
  • Mar 1, 2012 8:13pm Mar 1, 2012 8:13pm
Quoting gatorinla
went everywhere i charted thus far including the top. of course it was posted months before. ill go one further if we go to 1492-8... it will go to 1363... shorter term im bullish near 1531 with a target of 1840.70.. but if lost... the bears will come at 1530 of course there will be fake bounces.. those huge bounces are trade-able too.
.
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those who can, do. those who cant, talk about those who can
  • #61,732
  • Mar 1, 2012 8:20pm Mar 1, 2012 8:20pm
Quoting attila
I see why would you guys go short but, can anybody tell me why do you think the current long trend has changed? Just curious what are you looking at to make that determination when calling hundreds of pips away targets..
Nothing has changed from my view fwiw. Then again, i am use to projecting days and weeks out at a time. We will be above the recent highs in a week or less.
  • #61,733
  • Mar 1, 2012 8:21pm Mar 1, 2012 8:21pm
Quoting attila
I see why would you guys go short but, can anybody tell me why do you think the current long trend has changed? Just curious what are you looking at to make that determination when calling hundreds of pips away targets..
here is one simple one. find as many others methods as you can that agree or hint at it. indis, candle, old, fibs, s/r ect. . go to any top or bottom.. draw a line from the lowest point if using a low. or vice verse with a high.. continue.. doing this and watch.. as some point the bottoms will become tops. when this starts.. try to line up other methods. ill make one and post it.

i posted a gold one just now.. see the red hand drawn red line.. then then the yellow.. those lines are making a round dome that can possibly develop.. if you go back on the weekly its the same.. the tl are weakening. like throwing a baseball. the yellow will be/act like resistance.. if we dont get back to it. it is weaker.
those who can, do. those who cant, talk about those who can
  • #61,734
  • Mar 1, 2012 8:22pm Mar 1, 2012 8:22pm
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Quoting attila
I see why would you guys go short but, can anybody tell me why do you think the current long trend has changed? Just curious what are you looking at to make that determination when calling hundreds of pips away targets..
  • #61,735
  • Mar 1, 2012 8:22pm Mar 1, 2012 8:22pm
Quoting gatorinla
here is one simple one. find as many others methods as you can that agree or hint at it. indis, candle, old, fibs, s/r ect. . go to any top or bottom.. draw a line from the lowest point if using a low. or vice verse with a high.. continue.. doing this and watch.. as some point the bottoms will become tops. when this starts.. try to line up other methods. ill make one and post it
OK
  • #61,736
  • Mar 1, 2012 8:24pm Mar 1, 2012 8:24pm
Quoting needpips
Attachment
I've used channels A LOT, and I know they fail more than they are right. I see no low broken, no top failed (unless you want to consider that double top on h4). All I have on my chart is a retrace, granted a significant one but we had worse on this uptrend.....
  • #61,737
  • Mar 1, 2012 8:26pm Mar 1, 2012 8:26pm
Quoting attila
I've used channels A LOT, and I know they fail more than they are right. I see no low broken, no top failed (unless you want to consider that double top on h4). All I have on my chart is a retrace, granted a significant one but we had worse on this uptrend.....
I see the same... its going to 1.36 area.... I just believe it goes to around 1.32 first
  • #61,738
  • Mar 1, 2012 8:27pm Mar 1, 2012 8:27pm
Quoting needpips
I see the same... its going to 1.36 area.... I just believe it goes to around 1.32 first
gotcha.
  • #61,739
  • Mar 1, 2012 8:52pm Mar 1, 2012 8:52pm
Quoting gatorinla
here is one simple one. find as many others methods as you can that agree or hint at it. indis, candle, old, fibs, s/r ect. . go to any top or bottom.. draw a line from the lowest point if using a low. or vice verse with a high.. continue.. doing this and watch.. as some point the bottoms will become tops. when this starts.. try to line up other methods. ill make one and post it.

i posted a gold one just now.. see the red hand drawn red line.. then then the yellow.. those lines are making a round dome that can possibly develop.. if you go back...
red white blue..are trajectory weakening like a thrown ball. we can still go up during this pip wise. but as it tires and when pips are slowing and loss of trajectory height. its time to start looking for other weakness signs.

the other chart shows 3221 as the center between current line.
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those who can, do. those who cant, talk about those who can
  • #61,740
  • Mar 1, 2012 9:05pm Mar 1, 2012 9:05pm
week divergence
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