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The Really Useless Thread

  • #116,421
  • Oct 5, 2012 10:49am Oct 5, 2012 10:49am
Great moves across the board with FA and TA aligned. 4 yrs high on the US stocks in play for a further break in weekly.

Major levels in play for the roll in the ES at 1470.xx. Gold is going to hold strong Y/Q/M Resistance (1785/1805) which is the last one before all time highs (2000 and beyond). Oil is barely holding 89.2x, which is fadable to 100s if weekly holds and rejection of daily swing low...tracking that one closely as it will align all markets in the same direction.

Euro level to track for the roll is 1.306x. Above it will open weekly targets....

London going home but US in full control today so afternoon session can bring to the table the final levels.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #116,422
  • Oct 5, 2012 11:16am Oct 5, 2012 11:16am
Quoting sisse
lol ...what are you implying ...

Come on mate, politics aside, some of the comments in TV after NFP are on the ridiculous side to say the least.

This is the US we are talking about not Zimbabwe, N. Korea or a random dictator in a third world country where you just fake statistics or put your brother in charge of the statistics office or shoot the guy in charge if doesn't publish the official numbers, etc ...

Sure unemployment calculation are not perfect anywhere in the world given complexities in calculating the numbers, but from there...
I have absolutely no faith in the U.S. reporting of economic data.

Here's a good piece on some ideas on how the true unemployment calc could be improved: http://jobenomicsblog.com/unemployme...eptember-2012/

Another good one is our CPI which doesn't measure changes in food and energy costs because they're "too volatile". I don't care how volatile those prices are, they make up a huge part of the average American's budget... so, yeah it makes perfect sense why they'd just be excluded from CPI, right?

Come on! If you're trust any data the government is feeding the general public as a gage of the general economic conditions, well, I wish I could be that ignorant too.
check out my blog: forexmademillionaire dot com
  • #116,423
  • Oct 5, 2012 11:35am Oct 5, 2012 11:35am
Quoting gatorinla
3046.7 is the one i had above if the current don't hold .. in the sequence 3031.8 was yesterdays.. the one above 3046.7 is 3076.5. in the sequence for 2768
anyone notice 3046.7 is acting as support.. bears need sub 3031.8..

bulls are ok.. but not so strong. if they close 3061.6 or 3076.5.. its a stronger indication. 3070 shorts at b.e. now..
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those who can, do. those who cant, talk about those who can
  • #116,424
  • Oct 5, 2012 11:37am Oct 5, 2012 11:37am
Quoting gatorinla
anyone notice 3046.7 is acting as support..
yep
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  • #116,425
  • Oct 5, 2012 11:46am Oct 5, 2012 11:46am
Quoting chazzle
yep
don't get so comfortable.. more times then not a bear would come get 3046.7 before continuation. so 2768 is on the radar before 3173.. i would not be in the least surprised to go to 2768 min then bounce back to 2987. then 2432.. with bounces between of course
2987 has nothing to do with 2768... so it may bounce after sub 2802 to 2987.. i don't know if it will or not. it just does often
those who can, do. those who cant, talk about those who can
  • #116,426
  • Oct 5, 2012 11:52am Oct 5, 2012 11:52am
Quoting chazzle
yep
the one your pointing to.. was a entry target to s back then
those who can, do. those who cant, talk about those who can
  • #116,427
  • Oct 5, 2012 11:53am Oct 5, 2012 11:53am
Cable h4... looks like it's ready for shorts again.
  • #116,428
  • Oct 5, 2012 11:56am Oct 5, 2012 11:56am
Quoting Venice
Cable h4... looks like it's ready for shorts again.
the h close under the others would help me..
those who can, do. those who cant, talk about those who can
  • #116,429
  • Oct 5, 2012 11:57am Oct 5, 2012 11:57am
Quoting gatorinla
the h close under the others would help me..
Looks good! One more rally to sell.
  • #116,430
  • Oct 5, 2012 12:02pm Oct 5, 2012 12:02pm
Quoting Venice
Cable h4... looks like it's ready for shorts again.
Agreed, I'm already in at higher with SL in the money.
check out my blog: forexmademillionaire dot com
  • #116,431
  • Oct 5, 2012 12:03pm Oct 5, 2012 12:03pm
Quoting gatorinla
don't get so comfortable.. more times then not a bear would come get 3046.7 before continuation. so 2768 is on the radar before 3173.. i would not be in the least surprised to go to 2768 min then bounce back to 2987. then 2432.. with bounces between of course
2987 has nothing to do with 2768... so it may bounce after sub 2802 to 2987.. i don't know if it will or not. it just does often
wouldn't surprise me - see every rally on the weekly met with dark cloud cover in almost a year and a half - downtrend may have slowed - ( the last pop took 2 weeks to cover rather than one ) , but not quite a full reversal yet I don't think - more like trying to make a base - in any case - no ideas/plans for a trade here atm
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  • #116,432
  • Oct 5, 2012 12:10pm Oct 5, 2012 12:10pm
Quoting Venice
Cable h4... looks like it's ready for shorts again.
was looking at that mate - pin , downward channel - personally wouldn't fancy shorting in to yesterday's strength tho - size of that pin compared to yesterday's range makes it look like simple profit taking rather than weakness , followed by a few chancers - just coincidence it fit nicely into that H4 candle - could be wrong of course
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  • #116,433
  • Oct 5, 2012 12:13pm Oct 5, 2012 12:13pm
Quoting Venice
Looks good! One more rally to sell.
it closed below London as well.. a s near 82/95 might be a good one.. 6125 looks open with a little cluster support between
6148 mid
those who can, do. those who cant, talk about those who can
  • #116,434
  • Oct 5, 2012 12:15pm Oct 5, 2012 12:15pm
Quoting chazzle
was looking at that mate - pin , downward channel - personally wouldn't fancy shorting in to yesterday's strength tho - size of that pin compared to yesterday's range makes it look like simple profit taking rather than weakness - just coincidence it fit nicely into that H4 candle - could be wrong of course
Hmm. Your H4 looks different than mine. I like yours better.
  • #116,435
  • Oct 5, 2012 12:18pm Oct 5, 2012 12:18pm
Quoting chazzle
wouldn't surprise me - see every rally on the weekly met with dark cloud cover in almost a year and a half - downtrend may have slowed - ( the last pop took 2 weeks to cover rather than one ) , but not quite a full reversal yet I don't think - more like trying to make a base - in any case - no ideas/plans for a trade here atm
when you say reverse.. what direction are you saying is trend to start with?
those who can, do. those who cant, talk about those who can
  • #116,436
  • Oct 5, 2012 12:25pm Oct 5, 2012 12:25pm
Quoting Venice
Hmm. Your H4 looks different than mine. I like yours better.
i suck at b/o... i would have to wait for 6195 or the high area.. and target 6125.. and possibly look to long there..if i was bullish
those who can, do. those who cant, talk about those who can
  • #116,437
  • Oct 5, 2012 12:27pm Oct 5, 2012 12:27pm
Quoting gatorinla
i suck at b/o... i would have to wait for 6195 or the high area.. and target 6125.. and possibly look to long there..if i was bullish
I didn't realize it until recently, but apparently bo's are about all I trade. I use the BO's to determine trend direction, relative to it's current time frame, then buy/sell the price clusters, until a bo happens again in the opposite direction.

It really messes with me when we make consecutive HH then LL then HH.
  • #116,438
  • Oct 5, 2012 12:28pm Oct 5, 2012 12:28pm
Quoting gatorinla
i suck at b/o... i would have to wait for 6195 or the high area.. and target 6125.. and possibly look to long there..if i was bullish
void if 6125 is hit pryer to, it dont have to bounce before 6125..
those who can, do. those who cant, talk about those who can
  • #116,439
  • Oct 5, 2012 12:29pm Oct 5, 2012 12:29pm
Quoting Venice
I didn't realize it until recently, but apparently bo's are about all I trade. I use the BO's to determine trend direction, relative to it's current time frame, then buy/sell the price clusters, until a bo happens again in the opposite direction.

It really messes with me when we make consecutive HH then LL then HH.
i love these..
those who can, do. those who cant, talk about those who can
  • #116,440
  • Oct 5, 2012 12:31pm Oct 5, 2012 12:31pm
i want you all to be ready for this.. when the media tells you it was because this or that.. its horseshit!!!!!!!!!!!!!!!!!!!!!!!!!
those who can, do. those who cant, talk about those who can
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