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The Really Useless Thread

  • #103,861
  • Jul 25, 2012 2:42am Jul 25, 2012 2:42am
Quoting infinitus
OK, let us see:


Now 2137 is crucial


if above, I would tend to say: end of bearish move for some days
Pretty good line in the sand for near term sentiment.
  • #103,862
  • Jul 25, 2012 2:45am Jul 25, 2012 2:45am
Quoting chazzle
scalp north risking 16 for 23 --
Bulls-eye!

Nicely done, doctor!
  • #103,863
  • Jul 25, 2012 2:48am Jul 25, 2012 2:48am
Quoting Gleneagles
Mornin....


Don`t worry about the latest spike up.

It is just a few microlots long to help out ECB again today.

The bars tarts have not paid me for yesterday so no more mister nice guy
Me finks that's all it may take through that bank to cause spikes like that these days!

I kid, I kid...they've printed so much, it would take much more than that.

Bars tarts not paying? Now THAT doesn't surprise me!
  • #103,864
  • Jul 25, 2012 2:57am Jul 25, 2012 2:57am
Sell orders above...

Attached Image (click to enlarge)
Click to Enlarge Name: 15min.PNG Size: 67 KB


Going to have to be stops just above $1601. May cancel the lower sell PO if price heads toward it at pace.

Then again...could have just missed the high of the day and be looking for a buy later down around the Ascending TL. Won't chase.
  • #103,865
  • Jul 25, 2012 2:58am Jul 25, 2012 2:58am
Quoting kenfen69
Me finks that's all it may take through that bank to cause spikes like that these days!

I kid, I kid...they've printed so much, it would take much more than that.

Bars tarts not paying? Now THAT doesn't surprise me!
The market is so damn jittery.....all it takes is a rumor or a few microlots for sure
" Never let the past hold the future to ransom "
  • #103,866
  • Jul 25, 2012 3:02am Jul 25, 2012 3:02am
Quoting Gleneagles
The market is so damn jittery.....all it takes is a rumor or a few microlots for sure
Has to be rough for dustbins, no?
  • #103,867
  • Jul 25, 2012 3:02am Jul 25, 2012 3:02am
2092 short. scalp 2050 tp
looking for investors . pm me
  • #103,868
  • Jul 25, 2012 3:07am Jul 25, 2012 3:07am
will add short also on 2115 -2120
looking for investors . pm me
  • #103,869
  • Jul 25, 2012 3:11am Jul 25, 2012 3:11am
Quoting kbmoonshinex
possible scenario. i see on M5 TF nice pullbacks. maybe here a reverso.

http://www.forexfactory.com/attachme...1&d=1343166229


Look at your chart now! Cool trick!

Good call, mate!
  • #103,870
  • Jul 25, 2012 3:18am Jul 25, 2012 3:18am
Quoting kenfen69
Has to be rough for dustbins, no?

No good for dustbins and most other types of trading

One spike = 50% + of daily range
" Never let the past hold the future to ransom "
  • #103,871
  • Jul 25, 2012 3:21am Jul 25, 2012 3:21am
Quoting kenfen69


Look at your chart now! Cool trick!

Good call, mate!
yep its working exactly how i drew. ok short 2126. scalp 40 -50 pips down
looking for investors . pm me
  • #103,872
  • Jul 25, 2012 3:21am Jul 25, 2012 3:21am
Quoting kenfen69
Sell orders above...

Attachment

Going to have to be stops just above $1601. May cancel the lower sell PO if price heads toward it at pace.

Then again...could have just missed the high of the day and be looking for a buy later down around the Ascending TL. Won't chase.
Finger on the trigger to deal with this...could get a pop.

If we don't break the high soon (last hour high), will think about putting a very small short on.
  • #103,873
  • Jul 25, 2012 3:27am Jul 25, 2012 3:27am
Quoting Gleneagles
No good for dustbins and most other types of trading

One spike = 50% + of daily range
Indeed. Seems like only "essential" business orders are being conducted in size on EU, causing quick spikes. How much of that is due to the "summertime" effect, and how much of it is due to the current state of affairs, I wouldn't want to wager a guess. Not much fun, though.
  • #103,874
  • Jul 25, 2012 3:33am Jul 25, 2012 3:33am
Quoting kenfen69
Finger on the trigger to deal with this...could get a pop.

If we don't break the high soon (last hour high), will think about putting a very small short on.
Thy toe has been dipped.

Attached Image


Not wild about this one. We'll see. May pull the plug right away if the daily high is breached. Everything just feels so jittery...like thousands of nervous fingers on triggers.
  • #103,875
  • Jul 25, 2012 3:38am Jul 25, 2012 3:38am
Quoting kenfen69
Thy toe has been dipped.

Attachment

Not wild about this one. We'll see. May pull the plug right away if the daily high is breached. Everything just feels so jittery...like thousands of nervous fingers on triggers.
could be a nice one . ok lets see how it goes
looking for investors . pm me
  • #103,876
  • Jul 25, 2012 3:40am Jul 25, 2012 3:40am
5473 long cable
looking for investors . pm me
  • #103,877
  • Jul 25, 2012 3:40am Jul 25, 2012 3:40am
Horrible numbers in the UK ...Spain / Italy will look like crumbs if the UK get in downward spiral.... Last time we were there in the 70s it took more than dozen Quarters to recover (now we have 3 in a row) without counting a couple of bailouts from the IMF....

FED last resort like always... Jackson Hole again? we'll see but stocks look set for a deeper pullback to key Support again.... Watch-out for DAX losing 6400, Ftse 5500, and ES test to 129x. for reference

Euro just a trading air with same levels since Monday (1.223x for reference before anything else)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #103,878
  • Jul 25, 2012 3:42am Jul 25, 2012 3:42am
Moved my lower pending sell order higher...

Attached Image (click to enlarge)
Click to Enlarge Name: 15min.PNG Size: 57 KB


Have myself convinced if we breach Daily high, we'll test 1600. Stops on both above will be a couple ticks above 1601.
  • #103,879
  • Jul 25, 2012 3:46am Jul 25, 2012 3:46am
Quoting kbmoonshinex
could be a nice one . ok lets see how it goes


Not really liking being short Gold right now. Would be much happier if we were at the opposite end of the range and I was in long. We'll see how she goes.
  • #103,880
  • Jul 25, 2012 3:51am Jul 25, 2012 3:51am
Quoting kenfen69


Not really liking being short Gold right now. Would be much happier if we were at the opposite end of the range and I was in long. We'll see how she goes.
.... yeap

...but the real move has happened yet ...we have the triple combo again in the table for the summer, BOE and ECB cuts and FED QE ...I think that will be enough to break the range in gold...

Meanwhile GL ...thin market in summer so you can easily micromanage that with those nice entries you had...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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