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The Really Useless Thread

  • #72,281
  • Apr 7, 2012 5:25am Apr 7, 2012 5:25am
Quoting chazzle
Looking at EJ yesterday , I noticed we were approaching the 2010 low , daily close -- today , going back to the chart I noticed something else which I thought I'd share here.

The 2010 low was on AUG24 -- over one year later on SEP 9 , we see the first break of that daily closing price in the form of a daily close below it.

The following week sees a retest and then a downside extension almost exactly the distance of the previous swing high ( AUG29 ) to the 2010 swing low close , thus a mid is born - sharing it's level with the 2010...
EJ is one of the study project I have committed myself to this month.
So I'll be very closely following what's going on.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,282
  • Apr 7, 2012 5:27am Apr 7, 2012 5:27am
I hope DARIMIK is still alive sleeping @ Boston Airport.
Haven't heard from him in the last 2 hours and 3 minutes or so.
Maybe I should call 911?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,283
  • Apr 7, 2012 5:28am Apr 7, 2012 5:28am
Quoting KillerWhale
EJ is one of the study project I have committed myself to this month.
So I'll be very closely following what's going on.
cool - could be looking at a long term uptrend in yen pairs
  • #72,284
  • Apr 7, 2012 5:28am Apr 7, 2012 5:28am
Quoting KillerWhale
EJ is one of the study project I have committed myself to this month.
So I'll be very closely following what's going on.
But of course GJ is also a favorite since years.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,285
  • Apr 7, 2012 5:45am Apr 7, 2012 5:45am
Quoting chazzle
cool - could be looking at a long term uptrend in yen pairs
I hope I can agree on that one.
I still see 1.40 for GJ in the near future.
And who knows, after that ./..................
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,286
  • Apr 7, 2012 6:26am Apr 7, 2012 6:26am
think youre right Chaz. Flirting with 2010 Pivots at mo. I'd wait till inverse H&S plays out on weekly and take a long just below 2011 CP around 107.46 if i think it's heading higher

Quoting chazzle
Looking at EJ yesterday , I noticed we were approaching the 2010 low , daily close -- today , going back to the chart I noticed something else which I thought I'd share here.

The 2010 low was on AUG24 -- over one year later on SEP 9 , we see the first break of that daily closing price in the form of a daily close below it.

The following week sees a retest and then a downside extension almost exactly the distance of the previous swing high ( AUG29 ) to the 2010 swing low close , thus a mid is born - sharing it's level with the 2010...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ejweekly.gif Size: 15 KB
Click to Enlarge Name: ejweekly2.gif Size: 15 KB
Disclaimer: Check your 1m charts
  • #72,287
  • Apr 7, 2012 6:50am Apr 7, 2012 6:50am
Quoting chazzle
cool - could be looking at a long term uptrend in yen pairs
with USD/JPY leading?
Attached Image (click to enlarge)
Click to Enlarge Name: 7apr12usdjpylong.jpg Size: 112 KB
Don't have an ego. Always question yourself and your ability.
  • #72,288
  • Apr 7, 2012 6:59am Apr 7, 2012 6:59am
I bought eur/chf yesterday for investment purposes. SL is SNB.
  • #72,289
  • Apr 7, 2012 7:01am Apr 7, 2012 7:01am
Same setup im thinking. R1 @ 83.093 holding UJ at mo on monthly. Should hit it again next month Rames but this all could take a few months consolidating

Quoting RamsesII
with USD/JPY leading?
Attached Image (click to enlarge)
Click to Enlarge Name: ujmonthly.gif Size: 17 KB
Disclaimer: Check your 1m charts
  • #72,290
  • Apr 7, 2012 7:09am Apr 7, 2012 7:09am
Gambler

Quoting attila
I bought eur/chf yesterday for investment purposes. SL is SNB.
Disclaimer: Check your 1m charts
  • #72,291
  • Apr 7, 2012 7:09am Apr 7, 2012 7:09am
Quoting pipper
think youre right Chaz. Flirting with 2010 Pivots at mo. I'd wait till inverse H&S plays out on weekly and take a long just below 2011 CP around 107.46 if i think it's heading higher
interesting - did not see the potential IHS ... also what is CP? , I saw it also on the J16 thread . Something Pivot , right?
  • #72,292
  • Apr 7, 2012 7:12am Apr 7, 2012 7:12am
central pivot mate. exactly like a daily pivot but its referencing year levels. some people call the pivot different things

Quoting chazzle
interesting - did not see the potential IHS ... also what is CP? , I saw it also on the J16 thread . Something Pivot , right?
Disclaimer: Check your 1m charts
  • #72,293
  • Apr 7, 2012 7:18am Apr 7, 2012 7:18am
Quoting pipper
Gambler

They better make good on it.
  • #72,294
  • Apr 7, 2012 7:21am Apr 7, 2012 7:21am
i don't know mate. I think at some point, they'll leave it open and fuck everyone. CP is 1.18 according to my levels so they might spike it down to do a test

Quoting attila

They better make good on it.
Attached Image (click to enlarge)
Click to Enlarge Name: ecmonthly.gif Size: 13 KB
Disclaimer: Check your 1m charts
  • #72,295
  • Apr 7, 2012 7:26am Apr 7, 2012 7:26am
Quoting RamsesII
with USD/JPY leading?
who knows -- be good to keep an eye on dollar and euro indices I guess for that one

UJ is the major , the others are crosses - I'm sure that ties in somewhere - EJ showing the relative strength of the Euro and Yen against the dollar ( EJ = EU/JU ) but there is no JU - it's UJ -- most of my energy by-passed to my stomach atm , so brain a bit dull
  • #72,296
  • Apr 7, 2012 7:26am Apr 7, 2012 7:26am
Quoting pipper
central pivot mate. exactly like a daily pivot but its referencing year levels. some people call the pivot different things
ok gotcha - cheers
  • #72,297
  • Apr 7, 2012 7:30am Apr 7, 2012 7:30am
Quoting attila
I bought eur/chf yesterday for investment purposes. SL is SNB.
well you know what they say " markets can remain irrational .... " just kidding
  • #72,298
  • Apr 7, 2012 7:33am Apr 7, 2012 7:33am
EU could be in for choppy time if daily tl holds
Attached Image (click to enlarge)
Click to Enlarge Name: eudaily.jpg Size: 273 KB
Disclaimer: Check your 1m charts
  • #72,299
  • Apr 7, 2012 7:41am Apr 7, 2012 7:41am
Quoting pipper
i don't know mate. I think at some point, they'll leave it open and fuck everyone. CP is 1.18 according to my levels so they might spike it down to do a test
It's OK. I am able to withstand it. I see it going to 1.3 at least.
  • #72,300
  • Apr 7, 2012 7:47am Apr 7, 2012 7:47am
cool mate. May even reach 1.42. EU is really messing up my head I have this week possibly up but with a chance of 1.2908 being hit also

Quoting attila
It's OK. I am able to withstand it. I see it going to 1.3 at least.
Disclaimer: Check your 1m charts
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