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The Really Useless Thread

  • #82,541
  • May 2, 2012 6:08am May 2, 2012 6:08am
Quoting attila
Morning.. Went down, eh?
Compression unwinding. Now the question is... how low...It never moves enough to invalidate the longs. Just enough to screw them all over.
  • #82,542
  • May 2, 2012 6:13am May 2, 2012 6:13am
Quoting Venice
Compression unwinding. Now the question is... how low...It never moves enough to invalidate the longs. Just enough to screw them all over.
Of course.. It can go lower, but not by much... usdx at resistance right now... I think it will try to form support around here..
  • #82,543
  • May 2, 2012 6:15am May 2, 2012 6:15am
It it goes and says above 59, then it might wanna go check 3210...
  • #82,544
  • May 2, 2012 6:16am May 2, 2012 6:16am
Quoting attila
Of course.. It can go lower, but not by much... usdx at resistance right now... I think it will try to form support around here..
Also, I have a glorious daily play setup on the Aussie, buy right now. If I wasn't already loaded below, i'd be loading right now.

Only thing that I don't like, is U/C is looking a bit bullish now. This sucks when the correlations are out of wack. I use to be to use U/C as a gauge for upcoming movements in the euro.

Cable needs to come back down some too.

I really need euro daily to close > 3157 or I will have to consider shorts in the interim.
  • #82,545
  • May 2, 2012 6:20am May 2, 2012 6:20am
Quoting Venice
Also, I have a glorious daily play setup on the Aussie, buy right now. If I wasn't already loaded below, i'd be loading right now.

Only thing that I don't like, is U/C is looking a bit bullish now. This sucks when the correlations are out of wack. I use to be to use U/C as a gauge for upcoming movements in the euro.

Cable needs to come back down some too.

I really need euro daily to close > 3157 or I will have to consider shorts in the interim.
the curve ball is the dow.. it broke the high yesterday.. it's in a little bit of a retrace right now checking the top..if it continues up (which I'm not sure) then this will continue to drop...
  • #82,546
  • May 2, 2012 6:25am May 2, 2012 6:25am
Quoting attila
the curve ball is the dow.. it broke the high yesterday.. it's in a little bit of a retrace right now checking the top..if it continues up (which I'm not sure) then this will continue to drop...
here..


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  • #82,547
  • May 2, 2012 6:46am May 2, 2012 6:46am
DXY broke 4h falling wedge;

AUD cut the rates..

USD unwinding follows.. keep it sharp...
  • #82,548
  • May 2, 2012 7:24am May 2, 2012 7:24am
just dropping in, horrendous employment data, qe or not qe, that is the question...

happy trading...
  • #82,549
  • May 2, 2012 7:27am May 2, 2012 7:27am
Quoting FibbinArchie
just dropping in, horrendous employment data, qe or not qe, that is the question...

happy trading...
not bad enough to re-discuss qe again, is it? not much more than a hump atm.
  • #82,550
  • May 2, 2012 7:38am May 2, 2012 7:38am
Quoting Mr Hatch
not bad enough to re-discuss qe again, is it? not much more than a hump atm.
one of the fomc cronies was on about qe and jobs last night, brings a potentially negative nfp into focus...

positive ism triggered the drop yesterday, so market is very sensitive to us data atm, but let's see...
  • #82,551
  • May 2, 2012 7:44am May 2, 2012 7:44am
Quoting FibbinArchie
one of the fomc cronies was on about qe and jobs last night, brings a potentially negative nfp into focus...

positive ism triggered the drop yesterday, so market is very sensitive to us data atm, but let's see...
at least, it shows sensitivity for anything... I don't see the direct correlation between ADP and NFP, but I just took a quick glance at both charts.
  • #82,552
  • May 2, 2012 8:09am May 2, 2012 8:09am
Sweet price action.
  • #82,553
  • Edited 8:38am May 2, 2012 8:13am | Edited 8:38am
Quoting Venice
Sweet price action.
I need way more crisis to keep sane under these circumstances.
  • #82,554
  • May 2, 2012 8:38am May 2, 2012 8:38am
Quoting Mr Hatch
I need way more crisis to keep sane under these circumstances.
You possibly get it once that French dwarf is gone...
  • #82,555
  • May 2, 2012 8:39am May 2, 2012 8:39am
Quoting Mr Hatch
You possibly get it once that French dwarf is gone...
well, that's possible, but Merkel is already testing waters with Hollande...

Let's wait and see...

cu, Hatch.
  • #82,556
  • May 2, 2012 8:41am May 2, 2012 8:41am
Quoting Mr Hatch
well, that's possible, but Merkel is already testing waters with Hollande...

Let's wait and see...

cu, Hatch.
yes, cu, too... gonna take a break, too stressful and busy here
  • #82,557
  • May 2, 2012 8:42am May 2, 2012 8:42am
And.. we'll gonna do this all day long, yes? Yes.
  • #82,558
  • May 2, 2012 8:47am May 2, 2012 8:47am
Quoting attila
And.. we'll gonna do this all day long, yes? Yes.
see? I scared it..
  • #82,559
  • May 2, 2012 8:49am May 2, 2012 8:49am
these divergences are pretty sincere.. there were two on m5 and m15 on the RSI...

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  • #82,560
  • May 2, 2012 8:57am May 2, 2012 8:57am
fuck gold its so dam sweet still have some for the road

flat the rest we need a focking bounce
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