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The Really Useless Thread

  • #101,821
  • Jul 16, 2012 10:01am Jul 16, 2012 10:01am
Quoting fxjawn
yes guy on guy . just what i like...

reach a round the rosie is a good one too
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  • #101,822
  • Jul 16, 2012 10:09am Jul 16, 2012 10:09am
Quoting kenfen69
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that gator is such a smartass lol
  • #101,823
  • Jul 16, 2012 10:21am Jul 16, 2012 10:21am
Quoting Forexcube
EU Long @ 1.2184 (as long as the DAX is 6540-6565)
#101722

Exit 1.2265, +81
  • #101,824
  • Jul 16, 2012 10:24am Jul 16, 2012 10:24am
Quoting fxjawn


that gator is such a smartass lol
I like gator. His analysis are great, notably those in the border land!
  • #101,825
  • Jul 16, 2012 10:32am Jul 16, 2012 10:32am
Quoting Forexcube
I like gator. His analysis are great, notably those in the border land!
yea i like gator too... and he is a smart ass. good sense of humor
  • #101,826
  • Jul 16, 2012 10:34am Jul 16, 2012 10:34am
The hell happened to that Volume indicator?

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  • #101,827
  • Jul 16, 2012 10:36am Jul 16, 2012 10:36am
Sitting at Daily roll now.
  • #101,828
  • Jul 16, 2012 10:51am Jul 16, 2012 10:51am
Quoting fxjawn
yea i like gator too... and he is a smart ass. good sense of humor
  • #101,829
  • Jul 16, 2012 10:57am Jul 16, 2012 10:57am
...razzle-dazzle with a daily hammer or what?...
...>>> M30 shooting star...(maybe good time for scalping some downs...I don't know after London close)...
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Click to Enlarge Name: EURUSD,30, 2012 July 16.jpg Size: 54 KB
  • #101,830
  • Jul 16, 2012 11:07am Jul 16, 2012 11:07am
Quoting kenfen69
The hell happened to that Volume indicator?

Attachment

lol. i'm done with her now. going back to sleep.
  • #101,831
  • Jul 16, 2012 11:09am Jul 16, 2012 11:09am
Quoting pkimnyc
lol. i'm done with her now. going back to sleep.


Pill wore off?

Have a good sleep, bro...sounds like you earned it...the trampeuro!
  • #101,832
  • Jul 16, 2012 11:14am Jul 16, 2012 11:14am
Quoting kenfen69


Pill wore off?

Have a good sleep, bro...sounds like you earned it...the trampeuro!
yep. need a fresh new pill.
  • #101,833
  • Jul 16, 2012 11:19am Jul 16, 2012 11:19am
Quoting pkimnyc
yep. need a fresh new pill.
be careful with Pills mate..

blue one can keep you awake all night..
  • #101,834
  • Jul 16, 2012 11:20am Jul 16, 2012 11:20am
Quoting Piters
EUR mate.. specially EUR..

according to my charts... we are up to a nice correction.

I know what I said.. looks confusing and without any fundamental background for now.. we can also discuss here [egg and chicken theory] akka who follow which.. technical charts -> events or fundamental events -TA, but learned my way since 2007/2008 and When charts aligned Im not going short.... I go everytime long on any market weakness.

We'll see mate.. Playing step by step as we go..
Well sure. But I don't have all chart aligned to the long side atm. (I am talking major corrections q/m/w and to lesser extend daily), actually they are aligned to the other side for now.

FA wise without any surprises on the debt crisis (not expected) everything is in the dollar side until summer/election. Below average numbers in the US are starting to flow +/- consistently now, and that is the only "positive" factor for a correction via FED QE++. Earning season in full motion... so far not bad but that is the catalyst short term.

However Treasuries, Bund and Gold (Bonds keep trading at the lows and gold is pretty much stuck in the range stuck between contradictory options via QE/ risk and recession) are not that happy with what is going on and they are more cautious than usual pointing that real risk via recession (check the Brics and latest world GDP forecasts too) are still in play. With real risk I mean dollar strength as ultimate haven (after Treasuries obviously).

TA wise, we are in chop zone (Daily) after the test of Q support 1.228x. Weekly and monthly trading inside that key strong support and both are entering in exhaustion mode but Q is still healthy. In simple words, no point in trying to catch the ultimate bottom at these levels, especially knowing that a correction can lead us to 1.296x so missing the first 100 ticks is peanuts position-wise. I will be "happier" for the fade with a test of yearly S (+/-1.186x) and the FA support 1.165x....

Finally, the FA is very different than 2008. Conditions are almost 180 degrees different. Without a clear FED QE, the rate differentials, plus the macro numbers in Europe, plus the eternal risk from euro debt (that is cleared short term for now) the outlook looks too clear to be true ....

Let see how it pans out, for now, trading chop zone in major TFs until further TA or FA data....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #101,835
  • Jul 16, 2012 11:20am Jul 16, 2012 11:20am
Quoting pkimnyc
yep. need a fresh new pill.
Hit the showers, hotdog!

Attached Image
  • #101,836
  • Jul 16, 2012 11:20am Jul 16, 2012 11:20am
Quoting Forexcube
...razzle-dazzle with a daily hammer or what?...
...>>> M30 shooting star...(maybe good time for scalping some downs...I don't know after London close)...
london close. with 5 min divergence. m30 shooting star off the sunday high. time to get the hell out. wait for the new setup.

4hr momentum still to the upside though.
  • #101,837
  • Jul 16, 2012 11:22am Jul 16, 2012 11:22am
Quoting Piters
be careful with Pills mate..

blue one can keep you awake all night..
Does funny things to your head!
  • #101,838
  • Jul 16, 2012 11:22am Jul 16, 2012 11:22am
Quoting Piters
be careful with Pills mate..

blue one can keep you awake all night..
thanks bro. ill switch to red ones if the 4hr agrees.
  • #101,839
  • Jul 16, 2012 11:23am Jul 16, 2012 11:23am
Quoting kenfen69
Does funny things to your head!
which head? :o
  • #101,840
  • Jul 16, 2012 11:26am Jul 16, 2012 11:26am
Quoting sisse
Well sure. But I don't have all chart aligned to the long side atm. (I am talking major corrections q/m/w and to lesser extend daily), actually they are aligned to the other side for now.

FA wise without any surprises on the debt crisis (not expected) everything is in the dollar side until summer/election. Below average numbers in the US are starting to flow +/- consistently now, and that is the only "positive" factor for a correction via FED QE++. Earning season in full motion... so far not bad but that is the catalyst short term.

However...
Great summary, sisse. Plenty to think about in there.

Will always go up...will always go down. Depending on TF's being played...plenty of action for all. BUT...As far as "food for thought?" Hell of a meal you deliver, my friend.

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