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The Really Useless Thread

  • #94,101
  • Jun 4, 2012 2:04pm Jun 4, 2012 2:04pm
Quoting PayTheLimit
for those with an interest in cable...

5236 and 5270 two important lows....

sexy too 5271 will be hard if we revisit
  • #94,102
  • Jun 4, 2012 2:09pm Jun 4, 2012 2:09pm
Quoting pkimnyc
i don't think it really matters above or below... another range fak. pain in the ass...
i quit thinking in trading. it either is or its not. in this case it didn't gain more ground yet. i see that as st bearish scalp wise maybe more. but the risk is minimal.
those who can, do. those who cant, talk about those who can
  • #94,103
  • Jun 4, 2012 2:17pm Jun 4, 2012 2:17pm
Quoting gatorinla
i quit thinking in trading. it either is or its not. in this case it didn't gain more ground yet. i see that as st bearish scalp wise maybe more. but the risk is minimal.
25 pips range now. rewards are also minimal, unless you know which side it's gonna break.
  • #94,104
  • Jun 4, 2012 2:40pm Jun 4, 2012 2:40pm
Quoting pkimnyc
i don't think it really matters above or below... another range fak. pain in the ass...
explanation we went down to the near support and bounced to here. it may seem bullish. but it may not be. on that bounce we went above 2495 with a LH.. the last h close to beat.. and we were near it at close. but yet we closed below. im really not playing candles. that 4h has a long wick. so it is kinda a heads up to look for weakness. not closing higher is just a measurement to compare to. the next candle can always be higher.
if we close below 2475 in 1.5 hours it will add weight.
those who can, do. those who cant, talk about those who can
  • #94,105
  • Jun 4, 2012 2:44pm Jun 4, 2012 2:44pm
Quoting pkimnyc
25 pips range now. rewards are also minimal, unless you know which side it's gonna break.
with a wall to you back. your know the risk. if it breaks against you. then you lose a few -5. if it breaks to your advantage.. 25 + break.
those who can, do. those who cant, talk about those who can
  • #94,106
  • Edited 3:00pm Jun 4, 2012 2:48pm | Edited 3:00pm
Quoting gatorinla
explanation we went down to the near support and bounced to here. it may seem bullish. but it may not be. on that bounce we went above 2495 with a LH.. the last h close to beat.. and we were near it at close. but yet we closed below. im really not playing candles. that 4h has a long wick. so it is kinda a heads up to look for weakness. not closing higher is just a measurement to compare to. the next candle can always be higher.
if we close below 2475 in 1.5 hours it will add weight.
1hr, 4hr momentum still pointing up though. coming close to the end of ny session. of course we're not going higher. at least not now.
another things to note, we don't have a topping formation yet.
  • #94,107
  • Jun 4, 2012 3:06pm Jun 4, 2012 3:06pm
Quoting pkimnyc
25 pips range now. rewards are also minimal, unless you know which side it's gonna break.
it closed over 2495 (bull side),, i wouldn't be surprised to close the next one under 2475. (4h bear side)
we got confluence with tl and 2508
Attached Image
those who can, do. those who cant, talk about those who can
  • #94,108
  • Jun 4, 2012 3:08pm Jun 4, 2012 3:08pm
Quoting pkimnyc
1hr, 4hr momentum still pointing up though. coming close to the end of ny session. of course we're not going higher. at least not now.
another things to note, we don't have a topping formation yet.
we had a topping formation on the 15m hs ago.
those who can, do. those who cant, talk about those who can
  • #94,109
  • Jun 4, 2012 3:15pm Jun 4, 2012 3:15pm
Quoting gatorinla
we had a topping formation on the 15m hs ago.
looks like range faks to me...
  • #94,110
  • Jun 4, 2012 3:15pm Jun 4, 2012 3:15pm
if we get below 2485 soon.. we should go to 2469.. 2469 is below 2470 and that opens the earlier posted target.
those who can, do. those who cant, talk about those who can
  • #94,111
  • Jun 4, 2012 3:17pm Jun 4, 2012 3:17pm
USDOLLAR M15:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #94,112
  • Jun 4, 2012 3:23pm Jun 4, 2012 3:23pm
Quoting pkimnyc
looks like range faks to me...
no way to know atm if right or wrong. it indicated to me if we break it will go to 2433. and thats below 2444 area. so if it goes there and closes under. it should open up more bearish action.
those who can, do. those who cant, talk about those who can
  • #94,113
  • Jun 4, 2012 3:41pm Jun 4, 2012 3:41pm
jawnfek, where are you?
  • #94,114
  • Jun 4, 2012 4:17pm Jun 4, 2012 4:17pm
Possible M formation on hourly but ichi doesn't look ready

BBL
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Disclaimer: Check your 1m charts
  • #94,115
  • Edited 4:41pm Jun 4, 2012 4:30pm | Edited 4:41pm
Took a short with stop above high. At 38.2% retracement of recent daily swing and against weekly trendline also so worth the risk imo

Quoting pipper
Possible M formation on hourly but ichi doesn't look ready

BBL
Attached Images
Disclaimer: Check your 1m charts
  • #94,116
  • Jun 4, 2012 5:49pm Jun 4, 2012 5:49pm
Damn, this is some tasty shit here..


Unless we get some major aberration/news announcement I'll be watching the 2540-2560 area as a great reversal area to ride down to 2250-2219 zone

Leg in levels if that happens are 2521 and 2502

Setting pending alerts and goin back to playin diablo 3
  • #94,117
  • Jun 4, 2012 6:31pm Jun 4, 2012 6:31pm
Quoting Wulfgar
Damn, this is some tasty shit here..


Unless we get some major aberration/news announcement I'll be watching the 2540-2560 area as a great reversal area to ride down to 2250-2219 zone

Leg in levels if that happens are 2521 and 2502

Setting pending alerts and goin back to playin diablo 3
looks like you got what u wanted. i have some decent r at 2506/08.. but the bulls are focused on taking it. atm we touched a tl.. so for it to work. that last spike would be it.
Attached Image
those who can, do. those who cant, talk about those who can
  • #94,118
  • Jun 4, 2012 6:50pm Jun 4, 2012 6:50pm
Quoting gatorinla
looks like you got what u wanted. i have some decent r at 2506/08.. but the bulls are focused on taking it. atm we touched a tl.. so for it to work. that last spike would be it.
new day gave some new figures. 2506/08 is now 2511/12.. the tl at 2505ish atm
those who can, do. those who cant, talk about those who can
  • #94,119
  • Jun 4, 2012 6:59pm Jun 4, 2012 6:59pm
Quoting gatorinla
new s 2506.. other closed
s/o
those who can, do. those who cant, talk about those who can
  • #94,120
  • Jun 4, 2012 7:10pm Jun 4, 2012 7:10pm
2616/24 since we still haven't tested 2622/24 yet. 2654 could be a r. i will just wait. 2675/81 would be a higher one if 24 doesn't hold.
2581 is s2 on a yearly.
those who can, do. those who cant, talk about those who can
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