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The Really Useless Thread

  • #116,701
  • Oct 7, 2012 11:39pm Oct 7, 2012 11:39pm
Quoting hkkhanus
Hi G, i got the same number coming up, but not sure what difference does it make if we poked through it but closed above it?
it can go higher.. it did go higher, going higher always looks bullish.. but no moves are a straight line. it was norm for bears to get 2987 before lower... that is 2987/3172... its also norm for a bullish move to go higher. we had a smaller wave pointing to 3070...sometimes these overshoot targets are the end of a move. that's why looking for weakness after is important for the better price entry.. the odds are much better of reverse after targets are met. #116401 #116675
those who can, do. those who cant, talk about those who can
  • #116,702
  • Oct 7, 2012 11:46pm Oct 7, 2012 11:46pm
Quoting gatorinla
its there.. but its not needed to go down to 2768 or 2432
alright.. weekly pp now.
i have a cycle finished in 11 hours.
hopefully i got a working setup close to then.
  • #116,703
  • Oct 7, 2012 11:49pm Oct 7, 2012 11:49pm
Quoting longshot_nl
alright.. weekly pp now.
i have a cycle finished in 11 hours.
hopefully i got a working setup close to then.
many times continuations are faster then the bounce.
those who can, do. those who cant, talk about those who can
  • #116,704
  • Oct 8, 2012 1:09am Oct 8, 2012 1:09am
Hey, all. I'm just poppin' in before I crash for the night. I hope everyone had a good weekend.

I just got my EUR/USD short target at 1.2680 and will watch what happens now at trendline support (see chart).

I had a target on my GBP/USD shorts of 1.6060, but covered them here at 1.6087... it's a nice, quick break down and good enough to pull them out on in my opinion.

I'll be looking for new setups tomorrow. Night!
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check out my blog: forexmademillionaire dot com
  • #116,705
  • Oct 8, 2012 1:44am Oct 8, 2012 1:44am
AUDCAD Weekly - setting up for a big move to the downside by the looks of it
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  • #116,706
  • Oct 8, 2012 1:49am Oct 8, 2012 1:49am
Quoting chazzle
AJ keeps knocking on the door of 57/43% of last years range - I don't know why , but I reckon it's going down
will London open this trapdoor?
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  • #116,707
  • Oct 8, 2012 2:10am Oct 8, 2012 2:10am
Quoting USD-Bear
understand, risking a few $ @ 1791 though
Morning, collected $ 22
Don't be a hero. Don't have an ego. Always question yourself
  • #116,708
  • Oct 8, 2012 2:15am Oct 8, 2012 2:15am
Quoting USD-Bear
Morning, collected $ 22
nice one bro - was looking at UJ - bottomed out in SEP? , what do you think , was waiting for you to drop by
  • #116,709
  • Oct 8, 2012 2:34am Oct 8, 2012 2:34am
morning. lets start trading
looking for investors . pm me
  • #116,710
  • Oct 8, 2012 2:35am Oct 8, 2012 2:35am
Quoting chazzle
will London open this trapdoor?
yes - is the straightforward answer....
  • #116,711
  • Oct 8, 2012 2:38am Oct 8, 2012 2:38am
Quoting chazzle
yes - is the straightforward answer....

u very sure?
I don't want a job, i want money!
  • #116,712
  • Oct 8, 2012 2:43am Oct 8, 2012 2:43am
Quoting chazzle
nice one bro - was looking at UJ - bottomed out in SEP? , what do you think , was waiting for you to drop by
thanks mate, well UJ I'm eying on that one for almost a year now.
My last long trade was stopped, I'm pretty confident she will at the end develop as a marvelous long term long with targets above 100. It is pretty poor in showing it's pace looking at correlations though.
TA-wise it's also a very hard nut to crack (78.16 looks nice now).
Although it's ridiculous that Yen is still used as a safe haven environment this relation still tends to be obvious.
The only thing holding me off building large long positions atm are the historical ridiculous high long holdings (92%) by retailers. In my opinion this has to come down before any rally can be sustainable.
Don't be a hero. Don't have an ego. Always question yourself
  • #116,713
  • Oct 8, 2012 2:46am Oct 8, 2012 2:46am
Quoting dario1002
u very sure?
doesn't matter any more bro

could pause at the late June low .... 7930ish - looking at that - but yeah , 7980ish is r now , thanks to LO
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  • #116,714
  • Oct 8, 2012 2:52am Oct 8, 2012 2:52am
Quoting chazzle
doesn't matter any more bro

could pause at the late June low .... 7930ish - looking at that - but yeah , 7980ish is r now , thanks to LO

ure kickin it!! good one mate!
I don't want a job, i want money!
  • #116,715
  • Oct 8, 2012 2:57am Oct 8, 2012 2:57am
Quoting USD-Bear
TA-wise it's also a very hard nut to crack (78.16 looks nice now).
thanks for the view - eyes on that level also - some strength both sides of the pair - i have 2 weekly candles in the middle of SEP which says we need some funnymental stuff to happen ...
  • #116,716
  • Oct 8, 2012 3:01am Oct 8, 2012 3:01am
Quoting FibbinArchie
there's a murray confluence level right on 3000, but i like 2969, wpp and 38.2... 2993ish in front of that (base of friday's london am range ahead of the nfp release) and 2983 dpp... not much doing so far tonight in any case...
done, with dangly bit wicks below on m5, decision time, which way next??

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  • #116,717
  • Oct 8, 2012 3:06am Oct 8, 2012 3:06am
Quoting FibbinArchie
done, with dangly bit wicks below on m5, decision time, which way next??

http://www.youtube.com/watch?v=a-0TjlyNIXM
decisive break below and i'm looking at 293x for a potential counter entry... ds1, 50% and strong murray...
  • #116,718
  • Oct 8, 2012 3:07am Oct 8, 2012 3:07am
9810 - interesting level - last week real body mid/April swing low close on weekly
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  • #116,719
  • Oct 8, 2012 3:16am Oct 8, 2012 3:16am
Quoting dario1002
good one mate!
cheers Dario
  • #116,720
  • Oct 8, 2012 3:31am Oct 8, 2012 3:31am
Quoting chazzle
7930ish - looking at that
lets finish the job
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