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The Really Useless Thread

  • #92,121
  • May 29, 2012 10:05am May 29, 2012 10:05am
Quoting Mr Hatch
2367 for me and the mirror is [COLOR="rgb(65, 105, 225)"]2751[/color]. I'll keep an on that, we deviate by broker-# atm... if anything doesn't work out, I'll scream...
btw on the green one the um is 2532.. it seems bad for shorts being above with the close. but thats not necessarily the case. a good cross would start above 2532 and close the -2508. and have a valid cross.
those who can, do. those who cant, talk about those who can
  • #92,122
  • May 29, 2012 10:12am May 29, 2012 10:12am
Quoting sisse
If I may add my 2 cents. Instead of an indi, just plot the Horizontal S/R price based lines on the higher Tf (assuming the instrument is not trading at all time above/below high or low) ...it will beat any indicator for what Hatch is using as tools....if the mofu, etc, etc is not compatible with one those S/R better skip it or be more careful...

sisse
basically we are doing that. just more proactive and future s/r. and the way pa acts depending on position in the cycle of the predicted pa. the indi would just be a secondary helper if he finds one he liked. never a primary. we know the window we want. the indi could help in a surgical entry/exit.
those who can, do. those who cant, talk about those who can
  • #92,123
  • May 29, 2012 10:21am May 29, 2012 10:21am
if we closed -2508 this h.. the time of day would suck. but it for me, would be very bearish. although e-close usually pushes us higher after in some drift. still have a pink box for 2419 .. to contain it.. also 2544..
those who can, do. those who cant, talk about those who can
  • #92,124
  • May 29, 2012 10:33am May 29, 2012 10:33am
Quoting gatorinla
basically we are doing that. just more proactive and future s/r. and the way pa acts depending on position in the cycle of the predicted pa. the indi would just be a secondary helper if he finds one he liked. never a primary. we know the window we want. the indi could help in a surgical entry/exit.
Yes I understand the general concept and some of the technicalities. My last comment was aim at exactly that: "just more proactive and future s/r.". A future S/R area will not override an old confirmed PA guarantee S/R before is tested and broken or rejected. Only when is cleared you may aim to spot the new area in advance (useless for counter-trading but valid for target in the last position, etc, etc in my books)....

Sure on the indi, but as you prolly agree with me, once you know direction, there is no better surgical entry/exit that price base alone triggers (at least in my books and experience) and almost all classical indicators (not most of the atrocity you see in FF) will give you +/- a good entry...

In any case, stuck at 1.253x but bulls are extremely soft. Last H4 barely held but a new attempt to break down with London going home. Watchout for those lows...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #92,125
  • May 29, 2012 10:34am May 29, 2012 10:34am
damn Spanish bond rates 5% higher then Germany.
those who can, do. those who cant, talk about those who can
  • #92,126
  • May 29, 2012 10:37am May 29, 2012 10:37am
halo seniors where is euro go now please?
  • #92,127
  • May 29, 2012 10:38am May 29, 2012 10:38am
Quoting sisse
Yes I understand the general concept and some of the technicalities. My last comment was aim at exactly that: "just more proactive and future s/r.". A future S/R area will not override an old confirmed PA guarantee S/R before is tested and broken or rejected. Only when is cleared you may aim to spot the new area in advance (useless for counter-trading but valid for target in the last position, etc, etc in my books)....

Sure on the indi, but as you prolly agree with me, once you know direction, there is no better surgical...
i disagree. the assumed confirmed one may just be a rung in a bigger ladder that has not yet completed a cycle. such as 1876.. it is a s/r but its just one level in many. 1876 + - a handful, was indicated long before we got to it as a s/r
those who can, do. those who cant, talk about those who can
  • #92,128
  • May 29, 2012 10:38am May 29, 2012 10:38am
*L*

no, it should be LL.
  • #92,129
  • May 29, 2012 10:41am May 29, 2012 10:41am
Quoting FibbinArchie
halo seniors where is euro go now please?
well i thought it was funny..
  • #92,130
  • May 29, 2012 10:42am May 29, 2012 10:42am
more talk of op twist, like they did last summer...
  • #92,131
  • May 29, 2012 10:45am May 29, 2012 10:45am
2374 looks better sooner if this h candle can close sub 2483
those who can, do. those who cant, talk about those who can
  • #92,132
  • May 29, 2012 10:49am May 29, 2012 10:49am
Quoting gatorinla
i disagree. the assumed confirmed one may just be a rung in a bigger ladder that has not yet completed a cycle. such as 1876.. it is a s/r but its just one level in many. 1876 + - a handful, was indicated long before we got to it as a s/r
True, but at the end we are having +/- the same levels, The only difference is in timing ....

In any case, break of lows again. 1.236x looks around the corner before 1.227x...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #92,133
  • Edited 11:32am May 29, 2012 11:10am | Edited 11:32am

  1. 12:27 PM The ECB's weekly statement - showing a €25.3B decline in loans made under the LTROs and a €34.1B increase in "other claims" - suggests, says John Carney, a bank(s) was forced to make early repayment after its collateral became ineligible, and instead draw emergency financing. Perhaps this, not the Egan-Jones report has the euro diving.
  2. 12:06 PM The estimates for falling German yields continue to get taken down, Nomura positing they could go negative out to 5 years if the market begins to price in a break-up of the eurozone. Ten-year Bunds, says the bank, could challenge the 0.44% level hit by JGBs in 2003. "We hope that this scenario does not materialize." Current German yield curve. Comment!
  3. FXE, ULE
    11:46 AM Spain is downgraded to B from BB- by Egan-Jones, which notes the country's GDP is exceeded by the assets of its two biggest banks (via). The euro is plunging, hitting a new multi-year low at $1.2483. 2

  • #92,134
  • May 29, 2012 11:16am May 29, 2012 11:16am
unusual time of the day. looking to close some above the 2414 and 2420 target.. (2423 ish).. and reload in the 2508/32+ area (2573). at least in normal times. i may not get the chance. it don't have to bounce. but if it does.. i will be here looking.
those who can, do. those who cant, talk about those who can
  • #92,135
  • May 29, 2012 11:17am May 29, 2012 11:17am
banked 60% at 2465.
  • #92,136
  • May 29, 2012 11:20am May 29, 2012 11:20am
fb 29.46
those who can, do. those who cant, talk about those who can
  • #92,137
  • May 29, 2012 11:20am May 29, 2012 11:20am
Quoting Mr Hatch
banked 60% at 2465.
those who can, do. those who cant, talk about those who can
  • #92,138
  • May 29, 2012 11:21am May 29, 2012 11:21am
Quoting Mr Hatch
banked 60% at 2465.
mofus are mofus.
those who can, do. those who cant, talk about those who can
  • #92,139
  • May 29, 2012 11:27am May 29, 2012 11:27am
going west with bitch sl @2420 lubed well
  • #92,140
  • May 29, 2012 11:30am May 29, 2012 11:30am
Quoting Mr Hatch
banked 60% at 2465.
well done
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