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The Really Useless Thread

  • #76,421
  • Apr 16, 2012 1:37pm Apr 16, 2012 1:37pm
Quoting attila
I don't think that's that. I think they mean it.. but don't listen to me.. I'm so bullish bias it's not even funny. Not even for me..
wha? I thought you said you had 2 shorts and 1 long on it ?
  • #76,422
  • Apr 16, 2012 1:37pm Apr 16, 2012 1:37pm
Quoting gatorinla
it will make you a better trader.
are you recommending I cancel my vacation?
  • #76,423
  • Apr 16, 2012 1:38pm Apr 16, 2012 1:38pm
Quoting Wulfgar
i hate math

almost as much as the forex

dont be a hater mate, be a loooover
  • #76,424
  • Apr 16, 2012 1:39pm Apr 16, 2012 1:39pm
Quoting attila
Yeah, big motherfucker one. Was there all along..

The red one is a hidden, pointing much higher than that last high at 3170.


Attachment
guess what? 1hr gave the long signal at london with 5min entry signal at london.

during ny. since 1hr already established long momentum, 15 min gave away long setups. it was like a chain reaction. beautiful ones. something just got in my head thinking since london close, movement was going to end. i was wrong. well next time i see something like that, i'm staying in all the way.
  • #76,425
  • Apr 16, 2012 1:40pm Apr 16, 2012 1:40pm
Quoting Larseg
dont be a hater mate, be a loooover

Always.... Im the most kum-bah-ya motherfucker you will ever meet actually
  • #76,426
  • Apr 16, 2012 1:40pm Apr 16, 2012 1:40pm
Quoting gatorinla
not me.. not yet.. most brokers dont show it.

if i go by ATR T res 5915, i might have a chance, lets see if we stay below it
  • #76,427
  • Apr 16, 2012 1:40pm Apr 16, 2012 1:40pm
Daily 100MA keeping it at bay for now. Laterz
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 27 KB
Disclaimer: Check your 1m charts
  • #76,428
  • Apr 16, 2012 1:41pm Apr 16, 2012 1:41pm
Quoting pkimnyc
guess what? 1hr gave the long signal at london with 5min entry signal at london.

during ny. since 1hr already established long momentum, 15 min gave away long setups. it was like a chain reaction. beautiful ones. something just got in my head thinking since london close, movement was going to end. i was wrong. well next time i see something like that, i'm staying in all the way.
long until short, short until long... Had a nice supply turned demand area as well. Signal to buy was at 3028. Wasn't paying attention though
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 26 KB
  • #76,429
  • Apr 16, 2012 1:42pm Apr 16, 2012 1:42pm
Quoting chazzle
wha? I thought you said you had 2 shorts and 1 long on it ?
Yes I did.. Shorts steam rolled quickly (s/o) and the long running longer.

You can see the s/ls there

http://www.forexfactory.com/showthre...24#post5577424

And ended up with this.

http://www.forexfactory.com/showthre...05#post5577705
  • #76,430
  • Apr 16, 2012 1:48pm Apr 16, 2012 1:48pm
Quoting Wulfgar
are you recommending I cancel my vacation?
i don't know.. the pairs have memory.. the gbp had an 80% trade a few weeks back, it was invalidated. later.. i don't know why, but the pairs many times go to that target later anyway.. on the gbp that was 62xx. that's 150 pips higher on the gu 6053 target. the eu still has a ypp at 3587.. the mid of the previous leg is 36xx... waiting to see what happens.. the eu already indicated it wants to go lower after this spike.. i want the gu to agree.. and dt 6053/65 area.. using the eu as a indicator helps with will happen on the gu..
those who can, do. those who cant, talk about those who can
  • #76,431
  • Apr 16, 2012 1:52pm Apr 16, 2012 1:52pm
Quoting pkimnyc
guess what? 1hr gave the long signal at london with 5min entry signal at london.

during ny. since 1hr already established long momentum, 15 min gave away long setups. it was like a chain reaction. beautiful ones. something just got in my head thinking since london close, movement was going to end. i was wrong. well next time i see something like that, i'm staying in all the way.
Here's a curve ball though... The rsi has to go above 65 (breach the TL) to invalidate the short one.... And if it turns at 65... It can't get more bearish than that, because it's climbing from the 30 level.. If the short one wins then I'm starting to believe in parity.. Seriously, it'll go through the basement 100 ft down.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 128 KB


Edit: The short one points to 2907
  • #76,432
  • Apr 16, 2012 1:52pm Apr 16, 2012 1:52pm
Quoting kill56
if i go by ATR T res 5915, i might have a chance, lets see if we stay below it
225 pips is a lot to ask in one day.. you may be right.. i posted a few entry areas. 29 and 69 i think.. they may be tp areas as well. im just not shorting at this time.. big boys play the 200 pip easy ones.
those who can, do. those who cant, talk about those who can
  • #76,433
  • Apr 16, 2012 2:02pm Apr 16, 2012 2:02pm
Quoting FibbinArchie
wanna see 54 hold for more upside after ny lunch...
so it held then, bloody hell, been out, shocking...

edit- what are we up on? earnings reports or what?
  • #76,434
  • Apr 16, 2012 2:03pm Apr 16, 2012 2:03pm
Quoting chazzle
early signs of a turn ?? looks strong enough to test 580 again at any rate ...
got there , and pretty quickly
Attached Image (click to enlarge)
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  • #76,435
  • Apr 16, 2012 2:05pm Apr 16, 2012 2:05pm
Quoting attila
Edit: The short one points to 2907
And another edit: The long one points to 3276 right now..
It all depends what's gonna do at 3170ish..
  • #76,436
  • Apr 16, 2012 2:13pm Apr 16, 2012 2:13pm
Quoting attila
Here's a curve ball though... The rsi has to go above 65 (breach the TL) to invalidate the short one.... And if it turns at 65... It can't get more bearish than that, because it's climbing from the 30 level.. If the short one wins then I'm starting to believe in parity.. Seriously, it'll go through the basement 100 ft down.

Attachment

Edit: The short one points to 2907
let's see. let it turn down if it wants to. i'm sure well prolly see the sign and many opportunities if we're headed for parity.
  • #76,437
  • Apr 16, 2012 2:14pm Apr 16, 2012 2:14pm
Quoting pkimnyc
let's see. let it turn down if it wants to. i'm sure well prolly see the sign and many opportunities if we're headed for parity.
Just kidding. There will be no parity. Anyway, I'll do what g-man does at 77.. lol.
  • #76,438
  • Apr 16, 2012 2:14pm Apr 16, 2012 2:14pm
Adding to what Attila is saying,

There is a angle shift in the angle of attak happening on the H2/H4 chart.

This happens when price action is gaining momentum.

Most spikes in the opposite direction are fake breakouts, and the stronger they are and stop at the "Angle Shift Trendline", the more severe is the rebound.

Some people believe that the break of the 3050 to 2995 was a false break and we are setup in a triangle on the H4 time frame pointing to a thrust upwards.

Thats not the case, because the weekly trend is still pointing down and has not reached its outmost limits

Such thrusts going upwards means the market is seriously scared to drop below 3000, and when it does its gonna create a havoc and a frenzy of sells.

Seeing the spike today, I am more convinced to short this thing than ever, because the drop below 3000 is gonna be a even stronger one.


Quoting attila
Here's a curve ball though... The rsi has to go above 65 (breach the TL) to invalidate the short one.... And if it turns at 65... It can't get more bearish than that, because it's climbing from the 30 level.. If the short one wins then I'm starting to believe in parity.. Seriously, it'll go through the basement 100 ft down.

Attachment

Edit: The short one points to 2907
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H2.jpg Size: 56 KB
  • #76,439
  • Apr 16, 2012 2:14pm Apr 16, 2012 2:14pm
Quoting FXMastermind
S 3071
stopped out -20, so itīs only 182 today.

What the hell is going on here? I canīt see any serious fundies fueling this move higher...
Quant Hedge Fund CEO
  • #76,440
  • Apr 16, 2012 2:16pm Apr 16, 2012 2:16pm
Quoting FXMastermind
stopped out -20, so itīs only 182 today.

What the hell is going on here? I canīt see any serious fundies fueling this move higher...
H4 supply needs to outweigh demand. Price goes between demand and supply, this is it's nature. It's just going up to find more supply... here:

http://www.forexfactory.com/attachme...7&d=1334600818
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