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The Really Useless Thread

  • #116,201
  • Oct 4, 2012 4:31am Oct 4, 2012 4:31am
Quoting gatorinla
gu closed on the bear side..looks like the easier short..
it usually goes to 6134/6188 .. to target 5972.. the high is 6134
those who can, do. those who cant, talk about those who can
  • #116,202
  • Oct 4, 2012 4:41am Oct 4, 2012 4:41am
Quoting gatorinla
oh well.. it closed (higher high close) on the bull side of London.. But against R don't mean much this time.
But don't forget that is intraday inside bar trading (with the daily consolidation) and the level in play is not only daily R but Y/Q/M/W so a "wick" of even hundred of ticks (depending on the TF) is just noise until is broken or rejected on the appropriate TF....

In any case, here we go. V slight chance of an unexpected cut (that will be brilliant from the ECB but I don't think they have the balls) and after the real mover with the conference...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #116,203
  • Oct 4, 2012 4:45am Oct 4, 2012 4:45am
long position . target 3040
looking for investors . pm me
  • #116,204
  • Oct 4, 2012 4:51am Oct 4, 2012 4:51am
Quoting sisse
But don't forget that is intraday inside bar trading (with the daily consolidation) and the level in play is not only daily R but Y/Q/M/W so a "wick" of even hundred of ticks (depending on the TF) is just noise until is broken or rejected on the appropriate TF....

In any case, here we go. V slight chance of an unexpected cut (that will be brilliant from the ECB but I don't think they have the balls) and after the real mover with the conference...

sisse
i do watch closes and candles. but i also watch the move.. we just got above 2967... so it cancels 2858.. and opens 3131... but granted its norm to go back to 2884 before 3131... also we still have the bigger mid at 2987 that may be R.. we also have 2994.. and 2973.. a LL below 2802 will be the only thing that will cancel 3131
those who can, do. those who cant, talk about those who can
  • #116,205
  • Oct 4, 2012 4:57am Oct 4, 2012 4:57am
Quoting sisse
But don't forget that is intraday inside bar trading (with the daily consolidation) and the level in play is not only daily R but Y/Q/M/W so a "wick" of even hundred of ticks (depending on the TF) is just noise until is broken or rejected on the appropriate TF....

In any case, here we go. V slight chance of an unexpected cut (that will be brilliant from the ECB but I don't think they have the balls) and after the real mover with the conference...

sisse
agree the relevance of the level in the bigger picture and the noise there is. Ichikomu technicals however do remain of bullish outlook above 2822/D1 and 2710/W1 which might be in contrast to your view after month close.

eyes on ECB now
  • #116,206
  • Oct 4, 2012 5:00am Oct 4, 2012 5:00am
Quoting gatorinla
i do watch closes and candles. but i also watch the move.. we just got above 2967... so it cancels 2858.. and opens 3131... but granted its norm to go back to 2884 before 3131... also we still have the bigger mid at 2987 that may be R.. we also have 2994.. and 2973.. a LL below 2802 will be the only thing that will cancel 3131
I don't really see 1.313x in that context. Sure is fresh weekly R (weak btw as inside bar and it won't hold a weekly move in my charts) but I am prioritizing the key Yearly and Monthly levels in play first as we just opened the Quarter after a strong break up on weekly/monthly so ...

We still have NFP tomorrow too so lets see how the conference pans out first... only mild expectations on the conference with the only thing to track will be a dovish tone in Draghi as he will prolly avoid any comments on the bailouts/bonds/etc ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #116,207
  • Oct 4, 2012 5:28am Oct 4, 2012 5:28am
Quoting sisse
I don't really see 1.313x in that context. Sure is fresh weekly R (weak btw as inside bar and it won't hold a weekly move in my charts) but I am prioritizing the key Yearly and Monthly levels in play first as we just opened the Quarter after a strong break up on weekly/monthly so ...

We still have NFP tomorrow too so lets see how the conference pans out first... only mild expectations on the conference with the only thing to track will be a dovish tone in Draghi as he will prolly avoid any comments on the bailouts/bonds/etc ...

sisse
if we had already hit 2987 after we hit 2802.. bears would be in better shape. it would be time to look for weakness. we built a launchpad when we missed it the first time yesterday. we still can hit 87 and form a dt.. but 2802 has to be taken out.. on the norm attempt back to 2887.. it could happen if 87 contains it.. it dont have to get 87, just a attempt may be enough being this is the second time. 72 is there..
those who can, do. those who cant, talk about those who can
  • #116,208
  • Oct 4, 2012 5:33am Oct 4, 2012 5:33am
2961 trying small short
looking for investors . pm me
  • #116,209
  • Oct 4, 2012 5:34am Oct 4, 2012 5:34am
Quoting kbmoonshinex
2961 trying small short
s/o -5
looking for investors . pm me
  • #116,210
  • Oct 4, 2012 5:38am Oct 4, 2012 5:38am
Quoting kbmoonshinex
long position . target 3040
Quoting kbmoonshinex
2961 trying small short
Quoting kbmoonshinex
s/o -5
What changed your mind in between?
  • #116,211
  • Oct 4, 2012 5:38am Oct 4, 2012 5:38am
ok 2987 is now hit... weakness should not be ignored.. st nears want 2938 probably before 3031... going back to 2884.7 is norm... w/o sub 2802 its bullish
those who can, do. those who cant, talk about those who can
  • #116,212
  • Oct 4, 2012 5:40am Oct 4, 2012 5:40am
Quoting Mr Hatch
What changed your mind in between?
i holding my long position to 3040. just scalping shorts from levels with tight stops.
looking for investors . pm me
  • #116,213
  • Oct 4, 2012 5:42am Oct 4, 2012 5:42am
2985 scalp short.
looking for investors . pm me
  • #116,214
  • Oct 4, 2012 5:44am Oct 4, 2012 5:44am
Nothing new. Strong words on the ECB roll but nothing we haven't heard before so no impact. On the macro side as expected inflation under control and poor growth expected leaving the door open for a rate cut by year's end and lots of pro more Europe integration mumbujumbo....

The typical 3 1st questions and ready for NY open. No reaction in euro yet with 1.301x in sight.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #116,215
  • Oct 4, 2012 5:49am Oct 4, 2012 5:49am
Quoting kbmoonshinex
2985 scalp short.
+12 hit
looking for investors . pm me
  • #116,216
  • Oct 4, 2012 5:52am Oct 4, 2012 5:52am
if 4 hour bar closed below 2970 then i closed my long position from 2942
looking for investors . pm me
  • #116,217
  • Oct 4, 2012 5:58am Oct 4, 2012 5:58am
Naturally closed way to early
  • #116,218
  • Oct 4, 2012 6:02am Oct 4, 2012 6:02am
Quoting chazzle
on the slide ....
plonk
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  • #116,219
  • Oct 4, 2012 6:09am Oct 4, 2012 6:09am
snagged at retrace mid
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  • #116,220
  • Oct 4, 2012 6:09am Oct 4, 2012 6:09am
Quoting kbmoonshinex
long position . target 3040

Posted in #1129 Oct 4, 2012 5:54am (3 hr ago)
Always looking the GREAT, never left GOOD Point...
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