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The Really Useless Thread

  • #62,441
  • Mar 6, 2012 3:08pm Mar 6, 2012 3:08pm
Quoting Wulfgar
High probability reversal zone to retest the highs....

Keep an eye out for choppy bastardish reversal patterns
reversal my ass its the 3000 line in the sand 3090 3050 will fight back for sure

look @ es dow gold all fucked up bro all below support
  • #62,442
  • Mar 6, 2012 3:14pm Mar 6, 2012 3:14pm
Quoting FibbinArchie
heard barrier talk earlier today, could be that..
look at dixy bro its horny and eur still doomed , i think we need to vist 2900's fro fiber to bounce , but i smell the lube in the air

might be wrong
  • #62,443
  • Mar 6, 2012 3:17pm Mar 6, 2012 3:17pm
Quoting Mr Hatch
timing-wise, I'd like to see 3008 before the Greek anounce total participation in the PSI to trigger the next correction, but 3066 is in the way, so anywhere around there I see potential for a couple of days.

it sounds fair 3000 and we might dip below but not much ,

bro where the dax closed today

i got it bro 6633 thats below support nice though
  • #62,444
  • Mar 6, 2012 3:20pm Mar 6, 2012 3:20pm
Quoting kill56
look at dixy bro its horny and eur still doomed , i think we need to vist 2900's fro fiber to bounce , but i smell the lube in the air

might be wrong
not really into elliott wave theory, but the sell off since last week fits a 3 wave pattern, personally i'm with pipper, reckon we may bottom around mid 30xx's... make or break short term for the greece psi deal on thursday, should be quite a tradeable event, ahead of nfps friday...
  • #62,445
  • Mar 6, 2012 3:37pm Mar 6, 2012 3:37pm
Quoting kill56
reversal my ass its the 3000 line in the sand 3090 3050 will fight back for sure

look @ es dow gold all fucked up bro all below support
No I mean look out for a flip long to bufu all the guys thinking this turd is not goin back up before it goes down...

The count puts it due for a 2-3 day move up
  • #62,446
  • Mar 6, 2012 3:41pm Mar 6, 2012 3:41pm
Quoting FibbinArchie
not really into elliott wave theory, but the sell off since last week fits a 3 wave pattern, personally i'm with pipper, reckon we may bottom around mid 30xx's... make or break short term for the greece psi deal on thursday, should be quite a tradeable event, ahead of nfps friday...
On board as well... I still can't believe how deep this retrace is going on the daily... all we need is a nice bull engulfer to switch directions again.
  • #62,447
  • Mar 6, 2012 3:49pm Mar 6, 2012 3:49pm
Quoting FibbinArchie
not really into elliott wave theory, but the sell off since last week fits a 3 wave pattern, personally i'm with pipper, reckon we may bottom around mid 30xx's... make or break short term for the greece psi deal on thursday, should be quite a tradeable event, ahead of nfps friday...
bro i dont know about the dam waves but when i see some elly billy charts every one have his own count a is her b their and c jumping around both , i am sure it works some times but not all the time ,still might be wrong
  • #62,448
  • Mar 6, 2012 3:54pm Mar 6, 2012 3:54pm
Quoting Wulfgar
No I mean look out for a flip long to bufu all the guys thinking this turd is not goin back up before it goes down...

The count puts it due for a 2-3 day move up
nothing wrong with fliping bro we always retrace nothing keep going south or north just go with trend if u see one
  • #62,449
  • Mar 6, 2012 4:00pm Mar 6, 2012 4:00pm
lol everytime...

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  • #62,450
  • Mar 6, 2012 4:12pm Mar 6, 2012 4:12pm
Quoting Venice
On board as well... I still can't believe how deep this retrace is going on the daily... all we need is a nice bull engulfer to switch directions again.
yeah, susceptible to a fast short covering rally imo..
  • #62,451
  • Mar 6, 2012 4:17pm Mar 6, 2012 4:17pm
We had a 30 pips range for NY. V, I'm moving up to daily. This is completely stupid..
  • #62,452
  • Mar 6, 2012 4:20pm Mar 6, 2012 4:20pm
Quoting attila
We had a 30 pips range for NY. V, I'm moving up to daily. This is completely stupid..
yea that why im wondering
  • #62,453
  • Mar 6, 2012 4:21pm Mar 6, 2012 4:21pm
I said next stop about 1.307x Fib. Didn't mention bottoming out at this so careful with longs still. Should get a bit of a bounce off Daily 50MA @ 1.307x

8Hr MA cross hasn't happened yet. All other timeframes have completed so expecting same which should bring lower

Quoting FibbinArchie
not really into elliott wave theory, but the sell off since last week fits a 3 wave pattern, personally i'm with pipper, reckon we may bottom around mid 30xx's... make or break short term for the greece psi deal on thursday, should be quite a tradeable event, ahead of nfps friday...
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Disclaimer: Check your 1m charts
  • #62,454
  • Mar 6, 2012 4:21pm Mar 6, 2012 4:21pm
Quoting FibbinArchie
yeah, susceptible to a fast short covering rally imo..
Yep. Although it has to happen first... The way this thing is moving, probably may go for another fakey move.
  • #62,455
  • Mar 6, 2012 4:23pm Mar 6, 2012 4:23pm
Quoting attila
We had a 30 pips range for NY. V, I'm moving up to daily. This is completely stupid..
The one nice thing about the daily, is it doesn't fake out too much. Yeah, nothing to pull out of NY worth anything. I like good solid intraday moves. Not happening with NY. Got to throw a few orders in the night before, and hope London doesn't go retarded on it.

Ug, not sure. I've pretty much decided I don't ever want to do this as a job now... Every week that goes by I become more and more annoyed with the markets. lol
  • #62,456
  • Mar 6, 2012 4:26pm Mar 6, 2012 4:26pm
Quoting fxjawn
yea that why im wondering
Quoting Venice
The one nice thing about the daily, is it doesn't fake out too much. Yeah, nothing to pull out of NY worth anything. I like good solid intraday moves. Not happening with NY. Got to throw a few orders in the night before, and hope London doesn't go retarded on it.

Pisses me off to no end. I've got to change something because it's just not worth the effort.

3100 is a strong support. We'll see..
  • #62,457
  • Mar 6, 2012 4:30pm Mar 6, 2012 4:30pm
Quoting attila
Pisses me off to no end. I've got to change something because it's just not worth the effort.

3100 is a strong support. We'll see..
im still not giving in on the long term longs... not at my break point yet...

i have to say though man forex has gotten quite annoying for me...

wulf keeps posting about how easy this all is... maybe he should create a thread and give us all lessons lol
  • #62,458
  • Mar 6, 2012 4:32pm Mar 6, 2012 4:32pm
Quoting fxjawn
im still not giving in on the long term longs... not at my break point yet...

i have to say though man forex has gotten quite annoying for me...

wulf keeps posting about how easy this all is... maybe he should create a thread and give us all lessons lol
It's easy man. I've got so pissed that I put in a long to 3765 with a 15 pips SL. LOL...
  • #62,459
  • Mar 6, 2012 4:32pm Mar 6, 2012 4:32pm
Quoting attila
Pisses me off to no end. I've got to change something because it's just not worth the effort.

3100 is a strong support. We'll see..
I'm sure we'll do another fakey. Go below 2974 but not close below. Then make a new high again... why not.

Why is it that every month that goes by... I keep saying PA can't get much worse... and low and behond, it gives even worse. The markets behavior is changing... and i'm not picking it up or I am missing something. lol
  • #62,460
  • Mar 6, 2012 4:36pm Mar 6, 2012 4:36pm
Quoting Venice
I'm sure we'll do another fakey. Go below 2974 but not close below. Then make a new high again... why not.

Why is it that every month that goes by... I keep saying PA can't get much worse... and low and behond, it gives even worse. The markets behavior is changing... and i'm not picking it up or I am missing something. lol
It is changing... I noticed that too. Things that worked before no worky worky anymore... I don't know... It's almost erratic. The only thing that seems constant though is you short until you can't short anymore, and you long until you can't long anymore. The more I think, the more I fuck it up. As stupid as this sounds seems the only way. I think techs have less and less to do with it. Fundies are taking over..
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