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The Really Useless Thread

  • #110,861
  • Sep 13, 2012 12:46pm Sep 13, 2012 12:46pm
Quoting AllyB
ah nice ... didn't see that Thanks!
Ally,

You don't need those long term pivots for such a level.

If you have Yearly/ Quarterly/ Monthly and Weekly chart you can see that 1.296x is not only the yearly open/last year close as we were talking in the thread yesterday but is also very clear last important breakout point (I am talking a real break out point...those that even CB know that it happened) and very visible broken Support in all major charts....

I hope it helps....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,862
  • Sep 13, 2012 12:48pm Sep 13, 2012 12:48pm
too scared to short EU , don't mind longing UCHF
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  • #110,863
  • Sep 13, 2012 12:50pm Sep 13, 2012 12:50pm
Quoting gatorinla
no.. im just on the side. i missed the boat.. waiting for pa to give a l entry target.
i got in the damn boat at 2880, but fell out, had size down as well...
  • #110,864
  • Sep 13, 2012 12:52pm Sep 13, 2012 12:52pm
Quoting chazzle
too scared to short EU , don't mind longing UCHF
euro is probably the weakest cross, what with all the piigs bs, greece bailout part 3, etc..
  • #110,865
  • Sep 13, 2012 12:54pm Sep 13, 2012 12:54pm
Quoting sidhujag
Wow Gator it hit your 2967(2962 + my 5 pip mt4 slippage) and bounced back down lol you know what I noticed... the chances of your numbers becoming tops/bottoms when volatility is high and th enumber hits after a few hours after news its pretty high I noticed. During low volatility sometimes your SL gets hit because of stop hunting etc... however after all the smoke clears... those numbers usually are pretty strong.... just something I wanted to share.
its not my #s.. the year closed there.
those who can, do. those who cant, talk about those who can
  • #110,866
  • Sep 13, 2012 12:56pm Sep 13, 2012 12:56pm
Quoting sisse
Ally,

You don't need those long term pivots for such a level.

If you have Yearly/ Quarterly/ Monthly and Weekly chart you can see that 1.296x is not only the yearly open/last year close as we were talking in the thread yesterday but is also very clear last important breakout point (I am talking a real break out point...those that even CB know that it happened) and very visible broken Support in all major charts....

I hope it helps....

sisse
true but before they were.. there was the year.. chicken and egg..
those who can, do. those who cant, talk about those who can
  • #110,867
  • Sep 13, 2012 12:57pm Sep 13, 2012 12:57pm
well took a few out of it, scalped the bottom of the range a number of times, covered some losses that i incurred last night and am showing some profit for the day, so it ain't all doom and gloom...

would've been a lot nicer to have seen some follow through on the initial volatility move tho'...

oops, another 15 mins till benny, thought it was 7pm my time, my bad..

live link:

http://www.ustream.tv/federalreserve
  • #110,868
  • Sep 13, 2012 12:58pm Sep 13, 2012 12:58pm
All ye Useless...

My wares...

Gold:

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Still holding my one from last week. $75+ now. Dropped another in an hour or so before the show. $35+ right now. Pulled some at +$17.50. Another bastard just missed filling...tough to complain.

EU:

Attached Image (click to enlarge)
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Had been playing simple shorts. Flipped long a couple hours before the show. Two filled...partials out. Another couple PO's below didn't fill.

EA:

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Have been looking to add short...didn't get a level. Still holding one from September 5th. If this pair is going to take a turn, will be easy enough to get in on.

All told...I'm carrying >10% in unrealized profits...in addition to 7.9% banked this week...this, I like!

Just using the profits to get into newer positions. Ready to cut the lot at any point and start fresh next week. See how she rolls.

Missed you shower of bastards. Had a nasty cold and has also been the TIFF (Toronto International Film Fest.). Had plenty of schmoozing to do with some production companies.

Hope everyone is making a mint!
  • #110,869
  • Sep 13, 2012 1:02pm Sep 13, 2012 1:02pm
Quoting kenfen69
All ye Useless...

My wares...

Gold:

Attachment

Still holding my one from last week. $75+ now. Dropped another in an hour or so before the show. $35+ right now. Pulled some at +$17.50. Another bastard just missed filling...tough to complain.

EU:

Attachment

Had been playing simple shorts. Flipped long a couple hours before the show. Two filled...partials out. Another couple PO's below didn't fill.

EA:

Attachment

Have been looking to add short...didn't get a level. Still holding one from September...
a months supply of polo mints maybe, seems like you're cruising ken, good effort...

actually i'm doing ok, turning around approx what i would do in a regular job on civvy street, Rome weren't built in a day...
  • #110,870
  • Sep 13, 2012 1:07pm Sep 13, 2012 1:07pm
Really are perfect conditions for all-time highs in metals. Not saying today, but certainly wouldn't discount a shot over the coming months...or 2013. ES nearly a certainty, too.

OIL? Yikes. Hanging at $4 gas...and US embassies going up in smoke, people dying, flags burning all around the middle east...what storm? Oh...you mean the perfect one?

Ah well...money to be made here.

Big shout out to Benny B. Didn't think you'd let the ECB out-do your good self. Cheers, brother!

  • #110,871
  • Sep 13, 2012 1:07pm Sep 13, 2012 1:07pm
Quoting gatorinla
true but before they were.. there was the year.. chicken and egg..
Well I was referring to this particular level (and btw we have it in our charts since the 2006 break up [only seen in Q and M charts])... the others pivots and etc are as valid or useless as anything else ...depending how do you use them and who is using them...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,872
  • Sep 13, 2012 1:07pm Sep 13, 2012 1:07pm
2986 is a old tl
those who can, do. those who cant, talk about those who can
  • #110,873
  • Sep 13, 2012 1:09pm Sep 13, 2012 1:09pm
Quoting kenfen69
Really are perfect conditions for all-time highs in metals. Not saying today, but certainly wouldn't discount a shot over the coming months...or 2013. ES nearly a certainty, too.

OIL? Yikes. Hanging at $4 gas...and US embassies going up in smoke, people dying, flags burning all around the middle east...what storm? Oh...you mean the perfect one?

Ah well...money to be made here.

Big shout out to Benny B. Didn't think you'd let the ECB out-do your good self. Cheers, brother!

nice trades buddy
  • #110,874
  • Sep 13, 2012 1:10pm Sep 13, 2012 1:10pm
Quoting fxjawn
nice trades buddy
.3000 will be tested.
  • #110,875
  • Sep 13, 2012 1:14pm Sep 13, 2012 1:14pm
Quoting Mr Hatch
2932.4 is the mid to 3026.1, the continuation of yesterday 2838.7.
Apart from 2962/69, I don't have much in the way towards 3038.
all closed now. back to gw.
  • #110,876
  • Sep 13, 2012 1:14pm Sep 13, 2012 1:14pm
Quoting sisse
Ally,

You don't need those long term pivots for such a level.

If you have Yearly/ Quarterly/ Monthly and Weekly chart you can see that 1.296x is not only the yearly open/last year close as we were talking in the thread yesterday but is also very clear last important breakout point (I am talking a real break out point...those that even CB know that it happened) and very visible broken Support in all major charts....

I hope it helps....

sisse
you are absolutly right sisse.

i think it was last week when a few of us were discussing swing trades and that has sparked an interested that i have wanted, and now feel like i have the knowledge amd experience to explore deeper. post like yous i just find amazing. i can see the same things on my higher timeframe charts but it doesn't register as well unless i see someone like you or gleneagles or others seeing what i am. sort of like a vote of confidence. your talking levels and that's what i trade ... just happen to be dustbin levels but if i got them wrong then i have a REALLY bad day just as you'll do
  • #110,877
  • Sep 13, 2012 1:14pm Sep 13, 2012 1:14pm
Quoting FibbinArchie
a months supply of polo mints maybe, seems like you're cruising ken, good effort...
Nothing wrong with that, Arch! Freshest breath in town!

Quoting FibbinArchie
actually i'm doing ok, turning around approx what i would do in a regular job on civvy street, Rome weren't built in a day...
Fantastic!

Your own boss. MOH and doodie when you want. Keep it up, brother. I'm convinced you know ALL you need to at this point.* Just discipline from here on out, and your profits will grow, I'm sure.

*Obviously, we never stop learning, but as far as a fundamental arsenal of tactics? I believe you have what you need.
  • #110,878
  • Sep 13, 2012 1:21pm Sep 13, 2012 1:21pm
Pulled another on EU at +100...

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Click to Enlarge Name: 1D.PNG Size: 43 KB


Have 5 open positions remaining across the board...all of them are now 0.1 lots...no more partials to pull.

The fact that two of them are Gold...one @ +$75 the other @ +$35 doesn't hurt the cause.
  • #110,879
  • Sep 13, 2012 1:23pm Sep 13, 2012 1:23pm
Quoting fxjawn
nice trades buddy


Told you I wouldn't die!

Got your mail...good shit!

Watch out for a reply in a while. Will definitely call tonight if you're around, too.
  • #110,880
  • Sep 13, 2012 1:24pm Sep 13, 2012 1:24pm
Here we go with BB... watch out for the movers with the questions...

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