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The Really Useless Thread

  • #63,121
  • Mar 9, 2012 7:40am Mar 9, 2012 7:40am
Quoting attila
It could drop to 3159...
This better hold.
  • #63,122
  • Mar 9, 2012 7:40am Mar 9, 2012 7:40am
Quoting fxjawn
yea careful... critical level here i thought we would see a better retrace of this...
Right now the 5m looks more triangle than anything (or worse, consumption wicks), which implies demand consumption... let's see. My h4 is a long play without a close below 3096... so there is room. I need the h4 to show buyers first though. Probably no new positions until Sunday night...

Edit: On the flipside, Daily is setting up for a nice H&S play.
  • #63,123
  • Mar 9, 2012 7:44am Mar 9, 2012 7:44am
gold is leading

still lbe mode
  • #63,124
  • Mar 9, 2012 7:55am Mar 9, 2012 7:55am
Quoting Venice
Right now the 5m looks more triangle than anything (or worse, consumption wicks), which implies demand consumption... let's see. My h4 is a long play without a close below 3096... so there is room. I need the h4 to show buyers first though. Probably no new positions until Sunday night...

Edit: On the flipside, Daily is setting up for a nice H&S play.
I just went to a full tilt margin stop (LONG)... RR seems plausible...
  • #63,125
  • Mar 9, 2012 7:57am Mar 9, 2012 7:57am
Quoting needpips
I just went to a full tilt margin stop (LONG)... RR seems plausible...
I'm getting really sick and tired of these full on retraces before taking off again. It makes holding beyond one cycle pretty much pointless.
  • #63,126
  • Mar 9, 2012 7:58am Mar 9, 2012 7:58am
Quoting Venice
I'm getting really sick and tired of these full on retraces before taking off again. It makes holding beyond one cycle pretty much pointless.

I gotta run some errands, but I have a LIMIT TP of 1.32 set.....Ill be super happy if that hits today....PEACE
  • #63,127
  • Mar 9, 2012 7:59am Mar 9, 2012 7:59am
Quoting Venice
Right now the 5m looks more triangle than anything (or worse, consumption wicks), which implies demand consumption... let's see. My h4 is a long play without a close below 3096... so there is room. I need the h4 to show buyers first though. Probably no new positions until Sunday night...

Edit: On the flipside, Daily is setting up for a nice H&S play.
the fade trade was on the aussie .... it was a nice stop fade
  • #63,128
  • Mar 9, 2012 8:04am Mar 9, 2012 8:04am
Stocks stalling at R. Gold as expected in free fall and dollar strength after those strong reports.

Meat of move in euro gone with the short term reaction. No further momentum without stocks in the game. NY with the last card of the week during the opening range. 1.308x naked below 1.318x with NY.

Well done to all holding short early and from above

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #63,129
  • Mar 9, 2012 8:04am Mar 9, 2012 8:04am
the path is clear now dont fuck p jnkies feds in control
  • #63,130
  • Mar 9, 2012 8:06am Mar 9, 2012 8:06am
Quoting kill56
the path is clear now dont fuck p jnkies feds in control
waiting for a final bounce off of 3109.5 can't erase it just yet.
  • #63,131
  • Mar 9, 2012 8:08am Mar 9, 2012 8:08am
Quoting Venice
I'm getting really sick and tired of these full on retraces before taking off again. It makes holding beyond one cycle pretty much pointless.
I think the only way to trade these days, is once you see it going one way, don't try to catch the reverse, just load and load with the direction...
Thinking will only get you into trouble..
  • #63,132
  • Mar 9, 2012 8:08am Mar 9, 2012 8:08am
Quoting sisse
Stocks stalling at R. Gold as expected in free fall and dollar strength after those strong reports.

Meat of move in euro gone with the short term reaction. No further momentum without stocks in the game. NY with the last card of the week during the opening range. 1.308x naked below 1.318x with NY.

Well done to all holding short early and from above

sisse
did great bro this week thanks for all the info
  • #63,133
  • Mar 9, 2012 8:13am Mar 9, 2012 8:13am
Quoting Mr Hatch
waiting for a final bounce off of 3109.5 can't erase it just yet.
no i cant, i did take 08 of the chart so not long we will dive just give it some time , sell the doomed rallies , east for salvation unless some boday pay 1trl to greece then we might go west cz portogal in the pictur and spain may be germany is next who knows

not at home other wise i have a nice bounce for u
  • #63,134
  • Mar 9, 2012 8:16am Mar 9, 2012 8:16am
Quoting kill56
not at home other wise i have a nice bounce for u
damn, that ruins my day...
  • #63,135
  • Mar 9, 2012 8:17am Mar 9, 2012 8:17am
would someone please grab the lube for me and reapply.... im to fat to reach now...
  • #63,136
  • Mar 9, 2012 8:18am Mar 9, 2012 8:18am
Quoting kill56
did great bro this week thanks for all the info
YW bro. Nice to hear that you did well. Here a week on the mean, nothing really especial. Only a v slight option for a last trade with NY but it looks like it will be an early close with London.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #63,137
  • Mar 9, 2012 8:20am Mar 9, 2012 8:20am
Quoting fxjawn
would someone please grab the lube for me and reapply.... im to fat to reach now...
The high/low of this 30 min bar will tell which way we'll go...

Edit: next 30 min bar.. Sorry.
  • #63,138
  • Mar 9, 2012 8:25am Mar 9, 2012 8:25am
Quoting attila
The high/low of this 30 min bar will tell which way we'll go...

Edit: next 30 min bar.. Sorry.
Man, I'm stupid. Let's try again. This H1 high/low... Uff... Simple...
  • #63,139
  • Mar 9, 2012 8:27am Mar 9, 2012 8:27am
Quoting kill56
no i cant, i did take 08 of the chart so not long we will dive just give it some time , sell the doomed rallies , east for salvation unless some boday pay 1trl to greece then we might go west cz portogal in the pictur and spain may be germany is next who knows

not at home other wise i have a nice bounce for u
Killlll the longgggg
not because it going lower than that means we can go long
Its friday
If there was easy money lying around,no one would be forcing it into your
  • #63,140
  • Mar 9, 2012 8:30am Mar 9, 2012 8:30am
Quoting attila
Man, I'm stupid. Let's try again. This H1 high/low... Uff... Simple...
It's NY Session. We'll be here for the rest of the day.
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