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The Really Useless Thread

  • #94,061
  • Jun 4, 2012 10:00am Jun 4, 2012 10:00am
Quoting kill56
hope its pinkish and green
can not complain, took a sneaky gold short (didn't dare to tell you guys, covered my friday gold debacle, but still holding targeting 1598 if I see troubles there....
Don't be a hero. Don't have an ego. Always question yourself
  • #94,062
  • Jun 4, 2012 10:01am Jun 4, 2012 10:01am
Quoting AllyB
what does your crystal ball say about that sassy 200ema sitting there at 2493 on the H1?
we need to close above it , its FA queen news and equities in control
  • #94,063
  • Jun 4, 2012 10:04am Jun 4, 2012 10:04am
Quoting kill56
we need to close above it , its FA queen news and equities in control
  • #94,064
  • Jun 4, 2012 10:05am Jun 4, 2012 10:05am
Quoting USD-Bear
can not complain, took a sneaky gold short (didn't dare to tell you guys, covered my friday gold debacle, but still holding targeting 1598 if I see troubles there....

its next 1600 , i do cash in, in some in the way down, safe than sorry ,leave for the road
  • #94,065
  • Jun 4, 2012 10:10am Jun 4, 2012 10:10am
cant help but notice the swissy flows....
  • #94,066
  • Jun 4, 2012 10:13am Jun 4, 2012 10:13am
Quoting sisse
Thanks for the link.

Not really sure about the technical arguments. With just the abstract from an interview it sounds closer to a random forecast more than a valid scenario.

European gold bonds sounds nice in theory but technically I don't see how it can work. Going back to a gold standard in the euro bonds but not in monetary policy via the ECB is wrong and technically impossible. Despite that, who is going to put/guarantee the gold in reserves for the bonds??? ...we end up back to the same problem Germany, France, etc guarantee everyone else...

Yeah I know what you mean but what if Germany made it a condition of backstopping the Euro debts.
  • #94,067
  • Jun 4, 2012 10:15am Jun 4, 2012 10:15am
EU close in 15m lets see
  • #94,068
  • Jun 4, 2012 10:18am Jun 4, 2012 10:18am
Quoting kill56
EU close in 15m lets see
they barely opened
  • #94,069
  • Jun 4, 2012 10:24am Jun 4, 2012 10:24am
Quoting Monroe
they barely opened
they are doomed with out london but u have the dax cac eustocks not bad
  • #94,070
  • Jun 4, 2012 10:27am Jun 4, 2012 10:27am
Gator got the same thing 2606 but not today unless the fat bitch merkozy farts we might get it
  • #94,071
  • Jun 4, 2012 10:27am Jun 4, 2012 10:27am
Quoting kill56
we might, but equities are bit horny , wish i can reload from it
i had equities going to Dec highs.. but thats done.. i dont have a pa target for them.. atm .. 12012 it was indicated weeks ago. i lost my feed so i don't know how it worked out exactly.. we may just be in a bounce after target hit.. the aus should have been near a bounce zone.. but if 9387 aud is lost.. the rest will probably be lost also. aj broke a tl.
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those who can, do. those who cant, talk about those who can
  • #94,072
  • Jun 4, 2012 10:29am Jun 4, 2012 10:29am
Quoting kill56
they are doomed with out london but u have the dax cac eustocks not bad
screw london, NY brought the thunder as usual lately...


ima start calling it the asian-london range soon if they dont get there wallets out....
  • #94,073
  • Jun 4, 2012 10:30am Jun 4, 2012 10:30am
Quoting gatorinla
lets c if we can do it again at 2508
at b.e. ..........e markets closed just now
those who can, do. those who cant, talk about those who can
  • #94,074
  • Jun 4, 2012 10:39am Jun 4, 2012 10:39am
Quoting gatorinla
i had equities going to Dec highs.. but thats done.. i dont have a pa target for them.. atm .. 12012 it was indicated weeks ago. i lost my feed so i don't know how it worked out exactly.. we may just be in a bounce after target hit.. the aus should have been near a bounce zone.. but if 9387 aud is lost.. the rest will probably be lost also. aj broke a tl.
this happens more times then it doesn't.. #90358 the green box. most charts dont look like apple's.. those are rare.. the gold chart since 2000 is rare. more times then not.. we go back.. 1900-250=1750.... 1750/2= 875... 50% of the previous leg.
those who can, do. those who cant, talk about those who can
  • #94,075
  • Jun 4, 2012 11:10am Jun 4, 2012 11:10am
40 pip whore euro.. if we get to 2470 w/o breaking the current high.. then the 40 pip whore will probably go to 2432 min. if we get to 2470 then 2431 is likely.. i would sell any bounce after toward 2508.. hopefully above 2490 till 2508 .. if the high is broken the same applies just the opposite. longs below 2490 up till 2472 .. to target 2547. (against main trend)
those who can, do. those who cant, talk about those who can
  • #94,076
  • Jun 4, 2012 11:17am Jun 4, 2012 11:17am
Quoting kill56
whats up mark


not befor i get my 2550
will have enough staying power for 2550

so drive it up, will prolly short there


Viagra for my Forex account, please.....
  • #94,077
  • Jun 4, 2012 11:26am Jun 4, 2012 11:26am
Quoting Monroe
My crystal ball is a bit foggy right now, I got some levels above for later if we get it at the right time.

I never look at wave structures on smaller tf's btw.

Can I ask a question as I see you are an EW fan... does it work and why/how? Of all things that seems the most subjective of all the voodoo, and thats the exact reason I think it's worthless to add to my TA bag.... but hell who knows... I am fine keeping it simple as far as charts and levels as that's what the "smart money" seems to do also from what I know.


Hi Monroe,

with EW it is like with any other method: some times it works with high precision, other times the counts suck.

My experience is, to better trade smaller EW-pattern (like B-waves or C-waves) than rather trying to get a whole impulse wave.

Since waves are fractal, you will find EW-pattern on all TF's. Sometimes I even use 15sec or 30sec charts for timing purposes.

But to trade successfully with EW requires a lot of training. When you are profitable yet, there is no need to go the extra mile and learn EW.

But when you have time at your hands, you can give it a try. In the end you will see, that you gain a better understanding of pattern and movements.


EW is only part of my trading.

Mostly I look for levels, fib ratios and momentum.

EW is like having a map (or at least thinking one has a map LOL)
  • #94,078
  • Jun 4, 2012 11:33am Jun 4, 2012 11:33am
Quoting USD-Bear
hi infinitus, still got an old position trade @ 77.50
Promised me a while ago, once in my life I will sit a position trade out, stupid me....
Was seeing a bottom around 78 which level proved some relevance.
Not going to add (which I prob should) whole market is so risky with Euro-development, considering to stay out for a while till things settle down, don't like this market environment


I think we have here a great R:R


My long time forex account is loaded, but will now not add further.


Better safe then sorry, you are right
  • #94,079
  • Jun 4, 2012 11:42am Jun 4, 2012 11:42am
Quoting infinitus
Hi Monroe,

with EW it is like with any other method: some times it works with high precision, other times the counts suck.

My experience is, to better trade smaller EW-pattern (like B-waves or C-waves) than rather trying to get a whole impulse wave.

Since waves are fractal, you will find EW-pattern on all TF's. Sometimes I even use 15sec or 30sec charts for timing purposes.

But to trade successfully with EW requires a lot of training. When you are profitable yet, there is no need to go the extra mile and learn EW.

But when you have...
Infinitus, cool, thanks for the response.

Yep, just another trick to add to the bag I guess. I have looked at it a long time ago but I am a lazy bastard as it is as far as charts go, I like to look at them as little as possible. I pretty much know the levels for the day/week ahead of time unless it goes way outside my zones, then i'll have to check and see what's up.
  • #94,080
  • Jun 4, 2012 11:44am Jun 4, 2012 11:44am
Quoting AllyB
what does your crystal ball say about that sassy 200ema sitting there at 2493 on the H1?
I need a bit above 2543 to get a sell signal on 4h TF

But withan ATR of 124 today I suspect we will reach it today.

15min TF and 1h TF are a sell for me right now, and 2481 to 2512 was one of my high probability shorting levels anyway.
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