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The Really Useless Thread

  • #109,661
  • Sep 4, 2012 10:02pm Sep 4, 2012 10:02pm
Quoting FibbinArchie
looks like you cld be on the money with a continuation for a deeper correction in e/u..

went to 22 with a weak bounce if it breaks back down...

starting to look like a tree shake ahead of the big news events thurs and fri..

standard shakeout is a 200 pipper off the high, going off what i've witnessed in the past, and that's even if the news comes out as risk on... a lot of scope for mario to disappoint, and ben is the master of talking a lot but saying nothing...

london open should point the way, but as it stands longs are getting squeezed...

edit-...
yeah, i would of liked a catalyst to 2616 (2591 ish) to reload using aud news. that was a dud.. maybe support can push 2676.. unlikely. but for 2587 its all i can do.. the mofu cant hold forever, but its doing the job atm.
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those who can, do. those who cant, talk about those who can
  • #109,662
  • Sep 5, 2012 12:07am Sep 5, 2012 12:07am
L aj 79.94 tight stops.
those who can, do. those who cant, talk about those who can
  • #109,663
  • Sep 5, 2012 1:28am Sep 5, 2012 1:28am
good morningg... third day in a row London has great weather
  • #109,664
  • Sep 5, 2012 1:48am Sep 5, 2012 1:48am
Quoting darimik
good morninggthird day in a row London has great weather

must be terrible.....it is this ozone layer/global warming thingy , i feel for the people , i can just imagine how stressed out and worried they are
" Never let the past hold the future to ransom "
  • #109,665
  • Sep 5, 2012 2:15am Sep 5, 2012 2:15am
Quoting Gleneagles
must be terrible.....it is this ozone layer/global warming thingy , i feel for the people , i can just imagine how stressed out and worried they are
people are stressed and worried... next thing you know, Europeans will mark England as their holiday destination...
  • #109,666
  • Sep 5, 2012 2:46am Sep 5, 2012 2:46am
Quoting darimik
people are stressed and worried... next thing you know, Europeans will mark England as their holiday destination...

damn scary thought , could even lead to a shortage of beer
" Never let the past hold the future to ransom "
  • #109,667
  • Sep 5, 2012 2:49am Sep 5, 2012 2:49am
Quoting darimik
people are stressed and worried... next thing you know, Europeans will mark England as their holiday destination...
Wishful thinking..... The UK is prolly the only country in Europe that needs an indian summer in the Summer to have some sunny days (and don't forget we only saw rain and cold almost every day in June and July) ...lol ...it wont last long so enjoy....

In any case, only Gold without consolidation ranges. Equities in very compress range and Euro a few ticks from daily S that won't be broken until ECB and will form a compress range intraday until tomorrow... so pretty much markets entering in standby until ECB/NFP combo...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,668
  • Sep 5, 2012 3:27am Sep 5, 2012 3:27am
Quoting sisse
Wishful thinking..... The UK is prolly the only country in Europe that needs an indian summer in the Summer to have some sunny days (and don't forget we only saw rain and cold almost every day in June and July) ...lol ...it wont last long so enjoy....

In any case, only Gold without consolidation ranges. Equities in very compress range and Euro a few ticks from daily S that won't be broken until ECB and will form a compress range intraday until tomorrow... so pretty much markets entering in standby until ECB/NFP combo...

sisse
Daily support zone 2480-2510.

It could stretch all the way down to 2440.

Even trying to grab a dustbin selling into the support area looks risky right now.
" Never let the past hold the future to ransom "
  • #109,669
  • Sep 5, 2012 4:03am Sep 5, 2012 4:03am
Quoting Gleneagles
Daily support zone 2480-2510.

It could stretch all the way down to 2440.

Even trying to grab a dustbin selling into the support area looks risky right now.
We are in the exact same page. Same levels in play in my charts ...

Wires getting noisier on the coordinated action as expected for these weeks (ECB, FED and now China).

In any case, very sharp decline in European bonds continue. Portuguese 10yr breach below 9 for the 1st time since....well years. Irish 2 yrs also going down to almost "normal" levels... EZ bonds hasn't been that low in average since the crisis started .... ECB in full control until tomorrow...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,670
  • Sep 5, 2012 4:23am Sep 5, 2012 4:23am
Morning guys...

well... from my point of view and apart from external factors/news... we have reached a turning point, even if i expected 6886 on DAX.
Anyway... i think that S&P as DAX maybe oriented nord and so even AUDUSD, EURUSD.
The best thing that can happen to you is to find out where you're wrong.
  • #109,671
  • Sep 5, 2012 4:57am Sep 5, 2012 4:57am
Looking for a rejection around 2556 and possibly 76 to cap the range
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" Never let the past hold the future to ransom "
  • #109,672
  • Sep 5, 2012 5:01am Sep 5, 2012 5:01am
Quoting Gleneagles
Looking for a rejection around 2556 and possibly 76 to cap the range

maybe.. but I'm looking higher... let's see ... friday @ session end...
In other words...
2642 for EURUSD
9498 for USDCHF
...and so on
The best thing that can happen to you is to find out where you're wrong.
  • #109,673
  • Sep 5, 2012 5:15am Sep 5, 2012 5:15am
Quoting Driver55
maybe.. but I'm looking higher... let's see ... friday @ session end...
In other words...
2642 for EURUSD
9498 for USDCHF
...and so on

Just looking at the possible intraday range to grab a few pips

2576 will give an ADR of approximately 75 pips, we have seen around 55 so far.

Unless someone lights a firecracker or some speculation and/or rumors hit the wires, we could see a small intraday range in anticipation of the major events coming up.
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" Never let the past hold the future to ransom "
  • #109,674
  • Sep 5, 2012 5:20am Sep 5, 2012 5:20am
Quoting Gleneagles
Just looking at the possible intraday range to grab a few pips

2576 will give an ADR of approximately 75 pips, we have seen around 55 so far.

Unless someone lights a firecracker or some speculation and/or rumors hit the wires, we could see a small intraday range in anticipation of the major events coming up.
Then you have to look for swings of 48 pips ( and multiple) ...for today.
The best thing that can happen to you is to find out where you're wrong.
  • #109,675
  • Sep 5, 2012 5:30am Sep 5, 2012 5:30am
Quoting Driver55
Then you have to look for swings of 48 pips ( and multiple) ...for today.

I just focus on 20 pips per beat for short term scalping
" Never let the past hold the future to ransom "
  • #109,676
  • Sep 5, 2012 6:28am Sep 5, 2012 6:28am
Quoting Gleneagles
Looking for a rejection around 2556 and possibly 76 to cap the range


3 beats up....one beat down


changed levels to 35 55 75.....same as yesterday
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" Never let the past hold the future to ransom "
  • #109,677
  • Sep 5, 2012 6:35am Sep 5, 2012 6:35am
Quoting Gleneagles
3 beats up....one beat down


changed levels to 35 55 75.....same as yesterday
morning ... it's a wonderful day in the neighborhood
me daydreaming --->
  • #109,678
  • Sep 5, 2012 6:46am Sep 5, 2012 6:46am
Quoting AllyB
morning ... it's a wonderful day in the neighborhood
me daydreaming --->

i need the pips...beerfund took a beating during the holidays
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" Never let the past hold the future to ransom "
  • #109,679
  • Sep 5, 2012 6:48am Sep 5, 2012 6:48am
Quoting Gleneagles
i need the pips...beerfund took a beating during the holidays

edit: standing aside on a break above 2556


taking a break until NY
" Never let the past hold the future to ransom "
  • #109,680
  • Sep 5, 2012 6:51am Sep 5, 2012 6:51am
Quoting Gleneagles
i need the pips...beerfund took a beating during the holidays
my trading laptop took a hit after installing updates so i went ahead and wiped it out this morning instead of trading. all better now and got one dustbin in so life is good again.

i need the pips too ... doggie goodie jar is empty
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