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The Really Useless Thread

  • #109,701
  • Sep 5, 2012 5:52am Sep 5, 2012 5:52am
Quoting Gleneagles
my glass will be cloudy very soon

pulling the plug over here

starting to feel greedy and very cocky
you're kickin butt

always good to quit when your ahead ... i am thinkin about quitting before i get more behind
  • #109,702
  • Sep 5, 2012 5:54am Sep 5, 2012 5:54am
if we drop some.. bulls will still be here w/o closing 2546 then 2522.. today #'s.. all the majors closed below the previous day. more times then not, after reaching a target like 2609.9.. we retrace back to a mid area (never always).. in this case 21xx.. with dragi news.. ????
those who can, do. those who cant, talk about those who can
  • #109,703
  • Sep 5, 2012 5:55am Sep 5, 2012 5:55am

  1. 8:43 AM Whatever one thinks of the floated ECB bond purchase plan, it has lit a fire under euro/Swiss franc, the cross rocketing 15 pips to CHF 1.2025 (this has more or less flatlined for months at 1.2010, so 15 pips = rocket). This crisis will have truly passed when this pair moves and remains substantially higher. Comment!

  2. 8:27 AM European shares and the euro fire and fall back on the ECB news. The bond purchase program - sterilized intervention in paper of less than 3 years maturity - sounds like a warmed-over version of the SMP and may not have too much of an impact. The Stoxx 50 and the euro are about flat

  • #109,704
  • Edited 6:34am Sep 5, 2012 6:01am | Edited 6:34am
Why release the details of the bond buying programme now?

What is wrong with tomorrow at the press conference after rate announcement?

Not reading anything sinister into the timing but at face value it looks like an.....UP YOURS..to those against the idea
" Never let the past hold the future to ransom "
  • #109,705
  • Sep 5, 2012 6:06am Sep 5, 2012 6:06am
Quoting gatorinla
i dont know what 2610 (2609.9) will do, but 2628 would cancel 2487 4 me, for now.
Don't have those levels in play in my charts for the ECB/NFP combo. 1.266x only level to track that may cancel or open new levels. It is Q breached support, also M/W Resistance that if broken will cause collateral damage to the downtrend and will open lots of momentum to the upside (we still have the untested 1.280x and 1.296x open to the topside on the Q and M charts since this Q started)...

First I want NY ... I prefer a clean of stops on the highs to have the path clean to both sides for ECB tomorrow...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,706
  • Sep 5, 2012 6:43am Sep 5, 2012 6:43am
Quoting sisse
Don't have those levels in play in my charts for the ECB/NFP combo. 1.266x only level to track that may cancel or open new levels. It is Q breached support, also M/W Resistance that if broken will cause collateral damage to the downtrend and will open lots of momentum to the upside (we still have the untested 1.280x and 1.296x open to the topside on the Q and M charts since this Q started)...

First I want NY ... I prefer a clean of stops on the highs to have the path clean to both sides for ECB tomorrow...

sisse
2610/11 should be on your chart so should 2502.5 and 2556/57
those who can, do. those who cant, talk about those who can
  • #109,707
  • Sep 5, 2012 6:44am Sep 5, 2012 6:44am
more beans mr draghi?

Inserted Video


fuck, missed the leak / pop as had to go into town...

so what are the ramifications of the new info? euro positive or not? struggling to break higher atm...
  • #109,708
  • Sep 5, 2012 6:49am Sep 5, 2012 6:49am
still no trust dow m5
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  • #109,709
  • Sep 5, 2012 6:54am Sep 5, 2012 6:54am
im shorting eu
tp: 2490
what you think guys
  • #109,710
  • Sep 5, 2012 7:01am Sep 5, 2012 7:01am
Quoting gatorinla
2610/11 should be on your chart so should 2502.5 and 2556/57
Yes 1.255x from yesterday and 1.250x today I got them and traded them as mentioned in both London opening post but both were before the ECB ... Both are clean now in my charts

I also got 1.261x that is still valid but by experience the odds of holding the knee jerk reaction are very thin and it prolly wont hold the noise so I am flat betting on a clean of stops of the highs as mentioned before. In simple words I am ignoring H4 and daily soft levels until tomorrow....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,711
  • Sep 5, 2012 7:03am Sep 5, 2012 7:03am
Quoting julia2011
im shorting eu
tp: 2490
what you think guys
depends on your time frame, how much you're willing to risk, etc...

what is your rationale (fundamental or technical) for thinking that now is a good time to sell?

ps. there is really no right or wrong answer, markets consist of both buyers and sellers... the market will determine which of those make a profit or a loss..
  • #109,712
  • Sep 5, 2012 7:07am Sep 5, 2012 7:07am
Quoting FibbinArchie
depends on your time frame, how much you're willing to risk, etc...
my sl: 2645
want 2510- 2490
if not today then by tomorrow
  • #109,713
  • Sep 5, 2012 7:10am Sep 5, 2012 7:10am
Whether there will be a breakthrough?

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #109,714
  • Sep 5, 2012 7:13am Sep 5, 2012 7:13am
Quoting julia2011
my sl: 2645
want 2510- 2490
if not today then by tomorrow
2645 is a bit close imo, if it's going to top then quite often it will penetrate the previous high by 10, 20, 30 pips, and that's if it's going to top... i believe also that there is barrier interest at 2650, large market participants may make a play for that..

also you're trading in heightened volatility with considerable event risk this week...

ps, i have added to my original reply..
  • #109,715
  • Sep 5, 2012 7:16am Sep 5, 2012 7:16am
Did the summer end?
  • #109,716
  • Sep 5, 2012 7:16am Sep 5, 2012 7:16am
Watch out again to the highs. Merckel accepting the option of short term bond buying buy not in the long run (yeap no shit thats not rocket science) ...

Lot of noise in the wires from influential actors so ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,717
  • Sep 5, 2012 7:20am Sep 5, 2012 7:20am
Then we break and here?

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #109,718
  • Sep 5, 2012 7:20am Sep 5, 2012 7:20am
Quoting sisse
Yes 1.255x from yesterday and 1.250x today I got them and traded them as mentioned in both London opening post but both were before the ECB ... Both are clean now in my charts

I also got 1.261x that is still valid but by experience the odds of holding the knee jerk reaction are very thin and it prolly wont hold the noise so I am flat betting on a clean of stops of the highs as mentioned before. In simple words I am ignoring H4 and daily soft levels until tomorrow....

sisse
2678 the other with a mid between 2610 and it at less important 44
those who can, do. those who cant, talk about those who can
  • #109,719
  • Sep 5, 2012 7:21am Sep 5, 2012 7:21am
Quoting sisse
Watch out again to the highs. Merckel accepting the option of short term bond buying buy not in the long run (yeap no shit thats not rocket science) ...

Lot of noise in the wires from influential actors so ....

sisse
getting a bit whippy, got any details on the ecb leak?
  • #109,720
  • Sep 5, 2012 7:22am Sep 5, 2012 7:22am
Quoting FibbinArchie
2645 is a bit close imo, if it's going to top then quite often it will penetrate the previous high by 10, 20, 30 pips, and that's if it's going to top... i believe also that there is barrier interest at 2650, large market participants may make a play for that..

also you're trading in heightened volatility with considerable event risk this week...

ps, i have added to my original reply..
thanx alot
i hope we see each other at 2500 today
so i can take long position targeting 2700 by tomorrow
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