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The Really Useless Thread

  • #76,241
  • Apr 16, 2012 9:20am Apr 16, 2012 9:20am
Quoting Venice
I need to take a break from this nonsense... Steam roll one week, doesn't move the next.
Lol, markets just work this way, bro...

Like a spring - contraction, expansion, contraction, expansion.

So whenever you see markets contracting, they are either resting after a big move or preparing for a new one - or both
Quant Hedge Fund CEO
  • #76,242
  • Apr 16, 2012 9:20am Apr 16, 2012 9:20am
Quoting FXMastermind
Thanks mate!

I know you donīt

I was looking forward all day for reading your post, I couldnīt figure out any reason to go long myself so I waited for you patiently for some ideas

You donīt sincerely believe this is going higher, I mean much higher (correction is in order, I agree...), do you ?
I'm a little confused myself atm. I had 3034 as a line for changing my bias. It's kind of tinkering with it as we speak.. Like I said, if it want's to turn north it's not going to do it on a dime, that's why I'm playing m15 and down. H4 looked very bullish before this drop, now it's a different story... h4 rsi is at 30, that's bearish because it came down from 65. So a move up from here on h4 is a bearish up as long as 65 holds on rsi.. My excel says it's going down some more... So I would say it's kind of bearish looking overall BUT that 1.3 is a bitch.. That's why I'm playing for small bites.. closed the short BTW..

here's the h4 chart.. It can't close inside the channel but this candle is still progressing..
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 142 KB
  • #76,243
  • Apr 16, 2012 9:20am Apr 16, 2012 9:20am
L 3027 for a scalp, VERY tight SL
Quant Hedge Fund CEO
  • #76,244
  • Apr 16, 2012 9:24am Apr 16, 2012 9:24am
15 min now says more up.
  • #76,245
  • Apr 16, 2012 9:27am Apr 16, 2012 9:27am
Quoting attila
I'm a little confused myself atm. I had 3034 as a line for changing my bias. It's kind of tinkering with it as we speak.. Like I said, if it want's to turn north it's not going to do it on a dime, that's why I'm playing m15 and down. H4 looked very bullish before this drop, now it's a different story... h4 rsi is at 30, that's bearish because it came down from 65. So a move up from here on h4 is a bearish up as long as 65 holds on rsi.. My excel says it's going down some more... So I would say it's kind of bearish looking overall BUT that [b]1.3...
Nice chart. Very nice MA you have there, sticks nicely to tops and lows, 200 SMA/EMA?

As for your argumentation, we had similar one with Sisse in the morning...I totally agree, this is some solid medium term support, in my eyes, we need some badass fundies to get through with conviction - and itīs not only about 1.3, we have 2976 and 2950 lurking below, they will be even more reluctant to give up in my books.
Quant Hedge Fund CEO
  • #76,246
  • Apr 16, 2012 9:27am Apr 16, 2012 9:27am
tricky to call it atm...

Inserted Video
  • #76,247
  • Apr 16, 2012 9:28am Apr 16, 2012 9:28am
Quoting FXMastermind
L 3027 for a scalp, VERY tight SL
took 15

202 total

EDIT: ...and Fitch obviously waited only for me to cover my position to announce their bombshell...YEESH!
Quant Hedge Fund CEO
  • #76,248
  • Apr 16, 2012 9:31am Apr 16, 2012 9:31am
added short at 47.
dreams do come true.
  • #76,249
  • Apr 16, 2012 9:32am Apr 16, 2012 9:32am
Trying to figure out what I want to do with my longs on the Aussie from last week. I really need the H4 to turn north again here soon if I am going to hold much longer.
  • #76,250
  • Apr 16, 2012 9:33am Apr 16, 2012 9:33am
had a pull back to 30 in mind, but element of doubt crept in.. london fix shortly...
  • #76,251
  • Apr 16, 2012 9:34am Apr 16, 2012 9:34am
momentum kicking in to north 15 min.
  • #76,252
  • Apr 16, 2012 9:34am Apr 16, 2012 9:34am
shut up!
Quoting pkimnyc
momentum kicking in to north 15 min.
dreams do come true.
  • #76,253
  • Apr 16, 2012 9:34am Apr 16, 2012 9:34am
Quoting FXMastermind
took 15

202 total

EDIT: ...and Fitch obviously waited only for me to cover my position to announce their bombshell...YEESH!
not gonna downgrade to BBB, aka bunga bunga bailout..
  • #76,254
  • Apr 16, 2012 9:35am Apr 16, 2012 9:35am
Quoting wannaberich
shut up!
sorry...
  • #76,255
  • Apr 16, 2012 9:36am Apr 16, 2012 9:36am
Quoting Venice
Trying to figure out what I want to do with my longs on the Aussie from last week. I really need the H4 to turn north again here soon if I am going to hold much longer.
If I were you, Iīd watch closely RBA minutes tonite, they will most likely determine the fate of your positions

Good luck there!
Quant Hedge Fund CEO
  • #76,256
  • Apr 16, 2012 9:37am Apr 16, 2012 9:37am




Quoting pkimnyc
sorry...
dreams do come true.
  • #76,257
  • Apr 16, 2012 9:40am Apr 16, 2012 9:40am
Quoting FXMastermind
If I were you, Iīd watch closely RBA minutes tonite, they will most likely determine the fate of your positions

Good luck there!
Yep. Everything else is pointing towards $ strength, so I have a feeling these are fated for a stop out. ehhhh
  • #76,258
  • Apr 16, 2012 9:41am Apr 16, 2012 9:41am
Quoting pkimnyc
momentum kicking in to north 15 min.
I actually agree. Eager to look for further shorts again @65/70 area. We still havenīt reached that fib retrace...
Quant Hedge Fund CEO
  • #76,259
  • Apr 16, 2012 9:43am Apr 16, 2012 9:43am
Quoting FXMastermind
I actually agree. Eager to look for further shorts again @65/70 area. We still havenīt reached that fib retrace...
let's see what happen when and if we get there. maybe tomorrow?
  • #76,260
  • Apr 16, 2012 9:45am Apr 16, 2012 9:45am
Quoting FXMastermind
Nice chart. Very nice MA you have there, sticks nicely to tops and lows, 200 SMA/EMA?

As for your argumentation, we had similar one with Sisse in the morning...I totally agree, this is some solid medium term support, in my eyes, we need some badass fundies to get through with conviction - and itīs not only about 1.3, we have 2976 and 2950 lurking below, they will be even more reluctant to give up in my books.
2950 could be bigger than 1.3, yes..

It's just a 200 ema and a Keltner channel on that chart..
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