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The Really Useless Thread

  • #109,781
  • Sep 5, 2012 3:51pm Sep 5, 2012 3:51pm
Quoting chazzle
holding over w/e
bailed going into AUD data - extra bits in the middle like RBA rate make up for it a bit -

100 pips too early maybe
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  • #109,782
  • Sep 5, 2012 3:53pm Sep 5, 2012 3:53pm
Quoting gatorinla
need to rip the condom off and even then, its easier said then done.
Amen Bro
  • #109,783
  • Sep 5, 2012 3:55pm Sep 5, 2012 3:55pm
?
day?
4h bear at r
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those who can, do. those who cant, talk about those who can
  • #109,784
  • Sep 5, 2012 6:37pm Sep 5, 2012 6:37pm
Weeeeee.... bored with life. So we drink! Cheers!
  • #109,785
  • Sep 5, 2012 7:08pm Sep 5, 2012 7:08pm
Quoting Venice
Weeeeee.... bored with life. So we drink! Cheers!
yup.

Red label Smirnoff from this side of the screen..
  • #109,786
  • Sep 5, 2012 8:10pm Sep 5, 2012 8:10pm
Quoting Piters
yup.

Red label Smirnoff from this side of the screen..
Thanks for reminding.............................. I'll make myself a cup of coffee
The Thief of Wall Street
  • #109,787
  • Sep 5, 2012 9:39pm Sep 5, 2012 9:39pm
will draghi cut rates to save his ass , what it will do to the eur
  • #109,788
  • Sep 6, 2012 12:41am Sep 6, 2012 12:41am
Quoting godim
I do not look anything like that. I just have one template. For more than one month. Price moves in precisely this pattern. Why? I do not know.

Attachment
So. Runs another interval at the time and the cost of one move its division. For me the bar closed at 2600, making 27 pips above the desired value. And she was? Yes - 2573. This means that the price is still ahead of its time. With about two days. Last time was in 2451 with the four days.

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Few generalities. Trying to explain much to look at this graph. This is a square with eight intervals during eight divisions in the price. If we start at square (0,0) and farthest vertex with coordinates (8,8), the price movement is described by the green broken line. Starting from a point (0,2), then descends to (1,1) over the main diagonal (2,2), (​​3,3), (​​4,4) and is now (5,5) . With white shows possible price movements for the next division of time.
More simply, I can not explain it.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #109,789
  • Sep 6, 2012 12:54am Sep 6, 2012 12:54am
Hi all !!!
The best thing that can happen to you is to find out where you're wrong.
  • #109,790
  • Sep 6, 2012 2:12am Sep 6, 2012 2:12am
Quoting gatorinla
?
day?
4h bear at r
last 4h closed b/o bull last h.. i like to let it pull back to 2663 or less 2499/2563.. to target 2755.. all crap if dragi fails.
either way a pullback before 2755 to 2663 happens more times then not.. even deeper the best r/r for this one is near 2498.. 2502.5 is a support. as is 2556.7 and 2610 with r at 2678 and less important 2644
those who can, do. those who cant, talk about those who can
  • #109,791
  • Sep 6, 2012 2:31am Sep 6, 2012 2:31am
sorry for the stupidly basic question but a .25 cut on the eur rate should bring the fucker down, right? thank you.
dreams do come true.
  • #109,792
  • Sep 6, 2012 2:32am Sep 6, 2012 2:32am
Quoting sisse
Agree but that's the actual news when it happens (if it happens) we are trading the expectation of having or not having the ECB behind the next crisis ....

In any case, compress range across all markets, gold also joining this party BUT only intraday as is the only one in a clean break before QE's .....Except a last minute tweet, news, gossip, rating agency, etc (very possible on the close) there is nothing to see until ECB tomorrow...

sisse
e news is throwing a monkey wrench in a good 500 pip set up to 21xx or continuation. after 2610 21xx happens more times then it doesn't.
those who can, do. those who cant, talk about those who can
  • #109,793
  • Sep 6, 2012 2:34am Sep 6, 2012 2:34am
Quoting wannaberich
sorry for the stupidly basic question but a .25 cut on the eur rate should bring the fucker down, right? thank you.
not if priced in
those who can, do. those who cant, talk about those who can
  • #109,794
  • Sep 6, 2012 2:39am Sep 6, 2012 2:39am
Quoting gatorinla
last 4h closed b/o bull last h.. i like to let it pull back to 2663 or less 2499/2563.. to target 2755.. all crap if dragi fails.
either way a pullback before 2755 to 2663 happens more times then not.. even deeper the best r/r for this one is near 2498.. 2502.5 is a support. as is 2556.7 and 2610 with r at 2678 and less important 2644
Well I don't see the break in h4 but in any case market is thin until ECB. There is a lot of noise in the wires so in my case is no man land intraday.

After all the "hawks" yesterday before ECB, now we have all the QE/bond buying naysayers in a row in the wires. Bundesbank making clear that they oppose to any bond buying against Merkel, most if not all politicians in the EZ and all the struggling EZ members...

As I mentioned to somebody else this is my general outlook for the next few hours:

Crash scenario is open only if ECB screw big time today. That option is getting weaker by the minute with all the chatter and politicians in the wires.

My bet is that is going to be a bit mild in 2 gears: a big overshoot (which will be the real FA part of the news 1.270x open for today and tomorrow) and a flop (the knee jerk reaction down 1.243x open for the combo) without much details on the technicalities but with a BIG HOOK for the German Court ruling and clear the last hurdle (that with + ECB opens 1.280x and beyond but thats for later)....

In simple words the real FA part will define the direction for the euro until the end of the year but the short term will be a "short event" after the initial reaction because we have to jump to NFP/FED/QE and solve the other side of the equation first: the dollar....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,795
  • Sep 6, 2012 2:40am Sep 6, 2012 2:40am
i c. tnx.

still this is THE turning point for me. next is 1.2730-40 or so. but i favor this one over the 1.27 one.

market will say.
Quoting gatorinla
not if priced in
dreams do come true.
  • #109,796
  • Sep 6, 2012 2:48am Sep 6, 2012 2:48am
what do u mean if the ECB fails, S?

if we don't put in a new high down move is limited to 1.237 with 1.243 being an importante level for a turn north. i do think we are too close not to take 1.264 but after that one i only have 1.273-40 and that seems a bit too high if we are to turn down afterwards. just my 2 micro lots


Quoting sisse
Well I don't see the break in h4 but in any case market is thin until ECB. There is a lot of noise in the wires so in my case is no man land intraday.

After all the "hawks" yesterday before ECB, now we have all the QE/bond buying naysayers in a row in the wires. Bundesbank making clear that they oppose to any bond buying against Merkel, most if not all politicians in the EZ and all the struggling EZ members...

As I mentioned to somebody else this is my general outlook for the next few hours:

Crash scenario is open only if...
dreams do come true.
  • #109,797
  • Sep 6, 2012 3:09am Sep 6, 2012 3:09am
ready for the fun and games to start?...

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  • #109,798
  • Sep 6, 2012 3:13am Sep 6, 2012 3:13am
Quoting wannaberich
what do u mean if the ECB fails, S?

if we don't put in a new high down move is limited to 1.237 with 1.243 being an importante level for a turn north. i do think we are too close not to take 1.264 but after that one i only have 1.273-40 and that seems a bit too high if we are to turn down afterwards. just my 2 micro lots
ECB fails to deliver the message and content for the bond buying and etc...

I very much agree with the first part in bold .... On the rest I don't have anything at 1.274x. To the top side I have big untested levels at 1.280x and 1.296x ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,799
  • Sep 6, 2012 3:17am Sep 6, 2012 3:17am
Quoting sisse
ECB fails to deliver the message and content for the bond buying and etc...

I very much agree with the first part in bold .... On the rest I don't have anything at 1.274x. To the top side I have big untested levels at 1.280x and 1.296x ....

sisse
so far bb has only hinted at qe, nothing solid, if bond purchasing details disappoint and they cut rates, then it could be correction over...

just one of many possible scenarios... all ifs, buts and maybes, until we get the data...
  • #109,800
  • Sep 6, 2012 3:21am Sep 6, 2012 3:21am
agree with that.

Quoting FibbinArchie
... and they cut rates, then it could be correction over...

...
dreams do come true.
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