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The Really Useless Thread

  • #66,261
  • Mar 21, 2012 1:16pm Mar 21, 2012 1:16pm
Quoting darimik
if this week closes above 3230 yet alone 3300, I only see up and up. up up up up
yet alone if S&P manages to spark above 1420.

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  • #66,262
  • Mar 21, 2012 1:17pm Mar 21, 2012 1:17pm
Quoting attila


lol.
what's funny?
Don't be a hero. Don't have an ego. Always question yourself
  • #66,263
  • Mar 21, 2012 1:17pm Mar 21, 2012 1:17pm
lots are looking at dpp.. 3252 or 3237 should not be overlooked either.
those who can, do. those who cant, talk about those who can
  • #66,264
  • Mar 21, 2012 1:20pm Mar 21, 2012 1:20pm
Quoting attila
It dropped 100 pips. Fine. The long term trend is up (never made a LL at 3010 there), the short term trend is up.. I'll still be looking for longs above 3150. You can short at will. Have all you want..

I've got 14 out of this little drop btw..
you may be right.. but there are hundreds/thousands of bear moves just like this one in the charts. the r/r is much better at the risk.. that was near 3291
those who can, do. those who cant, talk about those who can
  • #66,265
  • Mar 21, 2012 1:21pm Mar 21, 2012 1:21pm
Quoting USD-Bear
although I see 1.26 in the stars, I tend to agree on short term especially looking at MVA-100 @ 1.3195
It never made a LL from 1.30.... Last week or something.... Not even today... But I'm an idiot. I know. I'm just having hard time believing the market cares about our pivots MAs or whatever lines we choose to have on our charts...

Did it make a LL? Nope. Did it make a LH? Nope. It goes up as far as I'm concerned..
  • #66,266
  • Mar 21, 2012 1:22pm Mar 21, 2012 1:22pm
Quoting USD-Bear
what's funny?
Not talking with bears. I was kidding.
  • #66,267
  • Mar 21, 2012 1:23pm Mar 21, 2012 1:23pm
Quoting attila
It never made a LL from 1.30.... Last week or something.... Not even today... But I'm an idiot. I know. I'm just having hard time believing the market cares about our pivots MAs or whatever lines we choose to have on our charts...

Did it make a LL? Nope. Did it make a LH? Nope. It goes up as far as I'm concerned..
longer TF's still LL and LH we tend to forget.....
Don't be a hero. Don't have an ego. Always question yourself
  • #66,268
  • Mar 21, 2012 1:24pm Mar 21, 2012 1:24pm
Quoting USD-Bear
longer TF's still LL and LH we tend to forget.....
Oh, the big one? Yeah but that's at cosmological scale for me.
  • #66,269
  • Mar 21, 2012 1:27pm Mar 21, 2012 1:27pm
atm.. 3232 is a area i would look for a weakness entry.. maybe 37/38 or 52.. i dont have the answer. but its a normal place to look.. if we get there. sometimes these moves don't retrace much.. early on
those who can, do. those who cant, talk about those who can
  • #66,270
  • Mar 21, 2012 1:28pm Mar 21, 2012 1:28pm
Quoting darimik
if this week closes above 3230 yet alone 3300, I only see up and up. up up up up

Agree bro but next week close (quarterly/monthly close) not this one....We are still in neutral territory in my books. From a strictly TA daily is strong momentum up but weekly /monthly and quarterly are still holding the downtrend slope (strong R at 1.331x is not taken yet) so 1.295x is still open for this month.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #66,271
  • Mar 21, 2012 1:28pm Mar 21, 2012 1:28pm
talking beer
  • #66,272
  • Mar 21, 2012 1:32pm Mar 21, 2012 1:32pm
Quoting USD-Bear
longer TF's still LL and LH we tend to forget.....
well done bro
  • #66,273
  • Mar 21, 2012 1:35pm Mar 21, 2012 1:35pm
do you see what I II II seee
  • #66,274
  • Mar 21, 2012 1:35pm Mar 21, 2012 1:35pm
Quoting sisse
Agree bro but next week close (quarterly/monthly close) not this one....We are still in neutral territory in my books. From a strictly TA daily is strong momentum up but weekly /monthly and quarterly are still holding the downtrend slope (strong R at 1.331x is not taken yet) so 1.295x is still open for this month.

sisse
i got 2 nutz on 3378 if we break the 33 mark. (3311 tough resistance). that would give momentum to 3587 or 3640 area.. 3291 may be enough.. it taint broke till it breaks..still in a normal bear move. even at 36xx.. on a bigger tf its still bear.
those who can, do. those who cant, talk about those who can
  • #66,275
  • Mar 21, 2012 1:41pm Mar 21, 2012 1:41pm
Quoting gatorinla
i got 2 nutz on 3378 if we break the 33 mark. (3311 tough resistance). that would give momentum to 3587 or 3640 area.. 3291 may be enough
u'rs or ken's


look how many times we visited 3290's its a bitch
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  • #66,276
  • Mar 21, 2012 1:50pm Mar 21, 2012 1:50pm
Quoting kill56
u'rs or ken's


look how many times we visited 3290's its a bitch
beats me.. some play supply and demand.. then get caught up in a bias. when they get there. i don't have a clue where its going. i just want to spend less when im on the wrong side then i make on the right side.
those who can, do. those who cant, talk about those who can
  • #66,277
  • Mar 21, 2012 2:00pm Mar 21, 2012 2:00pm
Quoting gatorinla
i got 2 nutz on 3378 if we break the 33 mark. (3311 tough resistance). that would give momentum to 3587 or 3640 area.. 3291 may be enough.. it taint broke till it breaks..still in a normal bear move. even at 36xx.. on a bigger tf its still bear.
Well agree with the levels and view. In my words what you are saying is that we may see a change in slope (or whatever you want to call it) in the downtrend.

I am bit more bearish that you this time. TA even a test 1.385x (Q/M and W charts) will leave the downtrend intact. Plus yearly (if such traders exists) shorts loading levels are in the +/- same area (1.387x/1.390x).

On the FA side, outlook is also bearish for the pair mid term (Q3 or Q4) after elections when FED will be force to hike rates by default and only a big rebound in the EZ economy (not expected with the latest data) will avoid those interest rate deferential from narrowing and making dollar the only driver across the FX board (a war in Iran on Q3 or Q4 can even open parity for the euro)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #66,278
  • Mar 21, 2012 2:02pm Mar 21, 2012 2:02pm
dont go gettin all crazy euro... heaven forbid you actually move
  • #66,279
  • Mar 21, 2012 2:04pm Mar 21, 2012 2:04pm
Quoting gatorinla
beats me.. some play supply and demand.. then get caught up in a bias. when they get there. i don't have a clue where its going. i just want to spend less when im on the wrong side then i make on the right side.

safe than sorry
look at this
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  • #66,280
  • Mar 21, 2012 2:07pm Mar 21, 2012 2:07pm
so why kill56? why not 55 or 52?
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