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The Really Useless Thread

  • #96,421
  • Jun 12, 2012 9:44am Jun 12, 2012 9:44am
Quoting gatorinla
a little more to it then that. but it could be a boring way to make money. i could of already longed.. my setup says i could have.. im just looking for a better price with all the bearishness on the euro.

sure..at least the pa must support your plan
" Never let the past hold the future to ransom "
  • #96,422
  • Jun 12, 2012 9:49am Jun 12, 2012 9:49am
Quoting Gleneagles
sure..at least the pa must support your plan
it does.. this is all st bullish to me.
any euro positive news should bring 2816 and or 2962 as long as we don't get below 2431 (for 2816 or 2282 for 2962)..
did i say i was euro bearish? yes i am.. but the chart tells me to wait. till we pop.
those who can, do. those who cant, talk about those who can
  • #96,423
  • Jun 12, 2012 9:58am Jun 12, 2012 9:58am
Quoting gatorinla
it does.. this is all st bullish to me.
any euro positive news should bring 2816 and or 2962 as long as we don't get below 2431
The question is when....From tomorrow until Greek election, panic is a closer option than TA. US markets are the only one holding before the cliff. ES lossing 1292 on the week will open Lehman style moves part II....

On the euro a tick below 1.2439 makes daily to breach LL and potential alignment (again in the downtrend) of Q,M,W,D and H4 to the same side...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #96,424
  • Jun 12, 2012 10:04am Jun 12, 2012 10:04am
Quoting sisse
The question is when....From tomorrow until Greek election, panic is a closer option than TA. US markets are the only one holding before the cliff. ES lossing 1292 on the week will open Lehman style moves part II....

On the euro a tick below 1.2439 makes daily to breach LL and potential alignment (again in the downtrend) of Q,M,W,D and H4 to the same side...

sisse
perfect tech setup for me.. with a small risk.. it don't get better. the negative part is. it was built on a fudis spike. . the only question i have is "will i get a better price. " if so i want it. my small s/l is gonna correct any missteps.
those who can, do. those who cant, talk about those who can
  • #96,425
  • Jun 12, 2012 10:04am Jun 12, 2012 10:04am
Quoting gatorinla
it does.. this is all st bullish to me.
any euro positive news should bring 2816 and or 2962 as long as we don't get below 2431 (for 2816 or 2282 for 2962)..
did i say i was euro bearish? yes i am.. but the chart tells me to wait. till we pop.

you may be right but the market is skittish and sensitive to any negative news as well

where they will find positive news to prop up the market remains an open question

my bias is not long term because i trade intraday swings but the march downhill over the medium/longer term is tough to ignore

in any event , as long as you are on the right side of the trade is all that matters
" Never let the past hold the future to ransom "
  • #96,426
  • Jun 12, 2012 10:13am Jun 12, 2012 10:13am
Quoting Gleneagles
you may be right but the market is skittish and sensitive to any negative news as well

where they will find positive news to prop up the market remains an open question

my bias is not long term because i trade intraday swings but the march downhill over the medium/longer term is tough to ignore

in any event , as long as you are on the right side of the trade is all that matters
im bearish.. the euro is on borrowed time. chart tells me not to short here above 2432... if 2431 is breached then im more neutral... other then that, my chart says we are going to 2816 and or 2962 already.
those who can, do. those who cant, talk about those who can
  • #96,427
  • Jun 12, 2012 10:23am Jun 12, 2012 10:23am
Quoting gatorinla
im bearish.. the euro is on borrowed time. chart tells me not to short here above 2432... if 2431 is breached then im more neutral... other then that, my chart says we are going to 2816 and or 2962 already.

noted
" Never let the past hold the future to ransom "
  • #96,428
  • Jun 12, 2012 10:24am Jun 12, 2012 10:24am
Quoting gatorinla
perfect tech setup for me.. with a small risk.. it don't get better. the negative part is. it was built on a fudis spike. . the only question i have is "will i get a better price. " if so i want it. my small s/l is gonna correct any missteps.
Well the Triple test 1.244x and strong rejections (now is also daily S) show us where the bulls are sitting and it definitively looks tempting.

V. nice r:r ...GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #96,429
  • Jun 12, 2012 10:27am Jun 12, 2012 10:27am
Quoting sisse
Well the Triple test 1.244x and strong rejections (now is also daily S) show us where are the bulls sitting and it definitively looks tempting.

V. nice r:r ...GL

sisse
yes, we are. in more times then not a big bear head-fake. as long as we don't cross 2431.. the best r/r is near 2432.. w/o getting below.. it happens more times then not here. so the reward out ways the risk at a better then 50/50 trade.
those who can, do. those who cant, talk about those who can
  • #96,430
  • Jun 12, 2012 10:32am Jun 12, 2012 10:32am
Quoting gatorinla
yes, we are. in more times then not a big bear head-fake. as long as we don't cross 2431.. the best r/r is near 2432.. w/o getting below.. it happens more times then not here. so the reward out ways the risk at a better then 50/50 trade.
Sure. There are so many naked stops (clear in all charts now) that is not worth any stop size below 1.243x as a run will trigger a 1st test of yearly lows non-stop.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #96,431
  • Jun 12, 2012 10:40am Jun 12, 2012 10:40am
Quoting sisse
Sure. There are so many naked stops (clear in all charts now) that is not worth any stop size below 1.243x as a run will trigger a 1st test of yearly lows non-stop.

sisse
not from what i c.. above 2282 we still have a valid setup to 2962... if it were not for fundis.. and spain crap.. i would bet both nutz we get there. but as stated.. this was built on a fundis spike Sunday/Monday.. that purple box is the same mofu 2962 bulls would want a retrace to .. 1/2 the previous leg. so i have two reasons to want to long here.
those who can, do. those who cant, talk about those who can
  • #96,432
  • Jun 12, 2012 10:43am Jun 12, 2012 10:43am
+14 +21

Tough going trying to line up levels to trade from
Attached Image (click to enlarge)
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" Never let the past hold the future to ransom "
  • #96,433
  • Jun 12, 2012 10:44am Jun 12, 2012 10:44am
Posted yesteday, charts and setup..

Quote
If we break that 1H bull flag, we are rocketing towards 1620

[Yesterday's Chart and Today's Trade]
Attached Image(s) (click to enlarge)
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  • #96,434
  • Jun 12, 2012 10:48am Jun 12, 2012 10:48am
L 77... e-close and other crap talked about. had we got to 2435.. i would be long with each 6 pips = to 1%... at 2816 target.. letting it run.. it would be about 63% risking 1% at 2962 87.. or 63 and/or 87 times what was risked. or i lose 1%
still waiting for them
those who can, do. those who cant, talk about those who can
  • #96,435
  • Jun 12, 2012 11:04am Jun 12, 2012 11:04am
Quoting gatorinla
not from what i c.. above 2282 we still have a valid setup to 2962... if it were not for fundis.. and spain crap.. i would bet both nutz we get there. but as stated.. this was built on a fundis spike Sunday/Monday.. that purple box is the same mofu 2962 bulls would want a retrace to .. 1/2 the previous leg. so i have two reasons to want to long here.
This time we have exactly the same levels and the same outlook. The crap FA moves with Spain, etc are screwing (or made it more difficult if you prefer) to jump in the TA setup. I have the same play but the overshoot down yesterday put longs in standby in my case and opened shorts (when it "shouldn't" had TA according to my books obviously)

Quarterly is in play from next week and that chart is always 100% clear and precise. This time we have for the Q roll all the mumbo jumbo from Greece/EZ debt again so that 1.296x is as open as 1.223x for the Q move.... Let see what goes first.

In my case, I will only jump long with daily and micromanage shorts in H4 (btw 1s attempt of rejection h4 lows right now) as long as 1.243x is holding.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #96,436
  • Jun 12, 2012 12:13pm Jun 12, 2012 12:13pm
oops we are higher.. i wonder why? could it be because of techs?
those who can, do. those who cant, talk about those who can
  • #96,437
  • Jun 12, 2012 12:16pm Jun 12, 2012 12:16pm
Quoting gatorinla
oops we are higher.. i wonder why? could it be because of techs?
Greece scored lol.
  • #96,438
  • Jun 12, 2012 12:18pm Jun 12, 2012 12:18pm
w/o the bs... nears would like to get to their mofu at 2522.8 lm 2517.2 um 2528.5 and ram this down the nulls throat.. easier said then done.. if they do i still have pendings..
those who can, do. those who cant, talk about those who can
  • #96,439
  • Jun 12, 2012 12:20pm Jun 12, 2012 12:20pm
Quoting ingmarforex
Greece scored lol.
or we hit the spring board for bulls like indicated.
those who can, do. those who cant, talk about those who can
  • #96,440
  • Jun 12, 2012 12:50pm Jun 12, 2012 12:50pm
bastards...


evening...

UJ trending nice...
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