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The Really Useless Thread

  • #91,281
  • May 24, 2012 6:16am May 24, 2012 6:16am
Quoting PayTheLimit
the old Jan low of 2623 is also there..
Quoting fxjawn
good point..

return to the crime scene
might be a few underwater longs round there waiting/hoping for a break even exit..
  • #91,282
  • May 24, 2012 6:18am May 24, 2012 6:18am
Quoting Mr Hatch
lol
not sure about picking a bottom just yet, pa very similar pattern to yesterday's..
  • #91,283
  • May 24, 2012 6:19am May 24, 2012 6:19am
Quoting FibbinArchie
barrier reported @ 2500, heavy stops reported in the 2480 region, source- reuters..

yop

lets see if we close below the 50's to get their
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  • #91,284
  • May 24, 2012 6:34am May 24, 2012 6:34am
VIENNA (MNI) – If Greece were to leave the Eurozone it would be a
“massive event” and would cause “massive distortions” in financial
markets and the economy, European Central Bank Governing Council member
Ewald Nowotny said Thursday.
“We cannot know all the consequences,” Nowotny, who heads the
Austrian National Bank, cautioned.
At the same time, he warned that speculation about a Greece exit
was irresponsible and must be avoided. The recent public debate on
Greece’s possible abandonment of the euro has become a “dangerous
parlour game,” Nowotny complained. It has devolved into “hectic
discussions” that are akin to “psychological warfare,” he said.

______________________________________________________________

nowotny says speculation about grexit is irresponsible, as he speculates about grexit...
  • #91,285
  • May 24, 2012 6:37am May 24, 2012 6:37am
Quoting FibbinArchie
nowotny says speculation about grexit is irresponsible, as he speculates about grexit...
the same nowotny who said grexit wouldn't be harmful... schizophrenics all over the place.
  • #91,286
  • May 24, 2012 6:38am May 24, 2012 6:38am
Quoting Mr Hatch
the same nowotny who said grexit wouldn't be harmful... schizophrenics all over the place.
should we be concerned that the people who manage the economy don't actually know their arses from their elbows??
  • #91,287
  • May 24, 2012 6:40am May 24, 2012 6:40am
Quoting FibbinArchie
should we concerned that the people who manage the economy don't actually know their arses from their elbows??
no
  • #91,288
  • May 24, 2012 6:43am May 24, 2012 6:43am
Quoting Mr Hatch
no
..
Attached Image
  • #91,289
  • May 24, 2012 6:47am May 24, 2012 6:47am
Quoting FibbinArchie
..
lol
  • #91,290
  • May 24, 2012 6:47am May 24, 2012 6:47am
there is a slight chance, I might get a small kitten today. 2-3 weeks old, that doesn't have parents any more. so, if I stop talking for a while, don't be concerned too much.

unfortunately, I can't provide a bedstead like that...
http://www.loslachen.ch/wp-content/u...katzenbaby.jpg
  • #91,291
  • May 24, 2012 6:48am May 24, 2012 6:48am
Quoting Mr Hatch
there is a slight chance, I might get a small kitten today. 2-3 weeks old, that doesn't have parents any more. so, if I stop talking for a while, don't be concerned too much.
thats cool

u gonna feed it a bottle?
  • #91,292
  • May 24, 2012 6:48am May 24, 2012 6:48am
back into the overnight linear range, might be worth taking a break till us data in just under an hour..
  • #91,293
  • May 24, 2012 6:51am May 24, 2012 6:51am
Quoting fxjawn
thats cool

u gonna feed it a bottle?
yes, every 2-3 hours. that will be the youngest I've ever adopted, but what's its other option? I can't see them get killed. the folks in our vicinity don't treat them like beings, more like a machine that hunts mice... so sad.
  • #91,294
  • May 24, 2012 6:56am May 24, 2012 6:56am
Quoting Mr Hatch
yes, every 2-3 hours. that will be the youngest I've ever adopted, but what's its other option? I can't see them get killed. the folks in our vicinity don't treat them like beings, more like a machine that hunts mice... so sad.
thats cool bro i raised one when i was like 5 years old lol.. a lil rabbit too...

but yea you will have a gool lil buddy for life
  • #91,295
  • May 24, 2012 7:05am May 24, 2012 7:05am
Quoting FibbinArchie
calling all technical analysis experts..

fibonacci... extensions or projections? which do you use? or both or none even?

logical explanations as to why would also be appreciated..
Both and none.

IMO the advantages/disadvantages of FIBs are not in the levels per se but in defining the right swings to draw them which lead to the typical "Chicken-Egg Dilemma" in trading:

If you pinpoint and at the right time the "correct" swing (in any TF) both fibs ext and projections will look like the Holy Grail (no better than the simply S&R but powerful enough) but the same happens to any TA tool in those cases (the best case to show this is the random line game...if you havent heard about it in trading I can give you an example).

However, if you can't "find" the "right" swings at the right time (as you know there are many TA ways to address this problem), like with any other TA tool the results will be awful and lagging. At the end a trader could expend more time chart fitting the lines than actually trading them.

Prolly the "strongest" real value on Fib extension is when market is trading outside of known FA (e.g CB bands) or TA boundaries (e.g Support and Resistance) and the only available levels for reference are magic lines (e.g fibs extensions, dow theory ext in 1/3s or modified on 1/4s, etc).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #91,296
  • May 24, 2012 7:32am May 24, 2012 7:32am
bad numbers..

wow shorts and shades weather.. hoping we got a few months of this and it won't be just the last two weeks in may, which is pretty typical of the british climate..
  • #91,297
  • May 24, 2012 7:33am May 24, 2012 7:33am
Quoting sisse
Both and none.

IMO the advantages/disadvantages of FIBs are not in the levels per se but in defining the right swings to draw them which lead to the typical "Chicken-Egg Dilemma" in trading:

If you pinpoint and at the right time the "correct" swing (in any TF) both fibs ext and projections will look like the Holy Grail (no better than the simply S&R but powerful enough) but the same happens to any TA tool in those cases (the best case to show this is the random line game...if you havent heard about it in trading I can give you an example)....
great response, thanks sisse...
  • #91,298
  • May 24, 2012 7:43am May 24, 2012 7:43am
Quoting FibbinArchie
bad numbers..
but not horrific.. claims essentially unch..
  • #91,299
  • May 24, 2012 7:44am May 24, 2012 7:44am
gold and gold and gold and silver
  • #91,300
  • May 24, 2012 7:49am May 24, 2012 7:49am
Quoting kill56
gold and gold and gold and silver
yea breakout
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