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The Really Useless Thread

  • #116,781
  • Oct 8, 2012 12:40pm Oct 8, 2012 12:40pm
Quoting kill56
well done on cable nice call
Rippin a hole in the markets a day at a time!
  • #116,782
  • Oct 8, 2012 12:42pm Oct 8, 2012 12:42pm
Quoting Venice
Rippin a hole in the markets a day at a time!
now gone 6 days without taking a loser, highly dangerous to start thinking i'm bullet proof...

fingers crossed and touch wood, staying humble, thank you mr market sir...

Inserted Video
  • #116,783
  • Oct 8, 2012 12:45pm Oct 8, 2012 12:45pm
Quoting hkkhanus
is that bastard ready for a dive again?
it wants what it wants. it hasn't deviated from 2768 2444 (2432) or even .8620 .8580... the med term numbers haven't paid the tolls.. the st and longer term have.. with the longer term ones doing that. the med ones may not have to,,
those who can, do. those who cant, talk about those who can
  • #116,784
  • Oct 8, 2012 12:47pm Oct 8, 2012 12:47pm
Quoting FibbinArchie
lol really, i thought that's why you had it tagged...

blue fib levels on the image...
the move yes. but because it being the month mid , no. i didn't notice that.
those who can, do. those who cant, talk about those who can
  • #116,785
  • Oct 8, 2012 12:49pm Oct 8, 2012 12:49pm
Quoting hkkhanus
is that bastard ready for a dive again?
would be nice - underwater on a re-entry - AJ profits from today - given 1/2 back as it stands. Daily setting up as a pin through the big s/r on my chart (pointing the wrong way) - Yen is weakening atm - weaker than dollar - st or what? I don't know ....
  • #116,786
  • Oct 8, 2012 12:52pm Oct 8, 2012 12:52pm
Quoting gatorinla
the move yes. but because it being the month mid , no. i didn't notice that.
low was put in right around the monthly role gmt, so only just...
  • #116,787
  • Oct 8, 2012 12:55pm Oct 8, 2012 12:55pm
Quoting gatorinla
nice hammer 4h... but both bears and bulls want whats under 2937
i am looking to buy.
this projection points at 3131

Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_30m.jpg Size: 79 KB
  • #116,788
  • Oct 8, 2012 12:56pm Oct 8, 2012 12:56pm
yup definitely the wrong way ... bastard .. lol
btw the pin makes sense on daily according to the level where it is right now, showing strong demand on daily (or the bastards showing off ) [me no likes] :/

Quoting chazzle
would be nice - underwater on a re-entry - AJ profits from today - given 1/2 back as it stands. Daily setting up as a pin through the big s/r on my chart (pointing the wrong way) - Yen is weakening atm - weaker than dollar - st or what? I don't know ....
  • #116,789
  • Oct 8, 2012 1:01pm Oct 8, 2012 1:01pm
Quoting FibbinArchie
now gone 6 days without taking a loser, highly dangerous to start thinking i'm bullet proof...

fingers crossed and touch wood, staying humble, thank you mr market sir...

http://www.youtube.com/watch?v=sZrgxHvNNUc
I love that. Sometimes though, it seems like a loss is good for a reset to keep one in check. I usually have runs like that, then take a few losses in a row, then reset on another streak.

I reset because of that cable trade last week... Streak is now 2.
  • #116,790
  • Oct 8, 2012 1:06pm Oct 8, 2012 1:06pm
Quoting Venice
I love that. Sometimes though, it seems like a loss is good for a reset to keep one in check. I usually have runs like that, then take a few losses in a row, then reset on another streak.

I reset because of that cable trade last week... Streak is now 2.
still high frequency scalping, couldn't even tell you what my current kill streak is...

Inserted Video


love the music to this, always in my head...

yeah, need to watch that subconscious... loss chasing is highly dangerous, emotions can cloud judgement and lead to piss poor decision making, better to log off and come back tomorrow if you've taken a few losers in succession...
  • #116,791
  • Oct 8, 2012 1:12pm Oct 8, 2012 1:12pm
Quoting longshot_nl
i am looking to buy.
this projection points at 3131

Attachment
no arguments from me. i personally would wait for bear weakness 2802/2884..
those who can, do. those who cant, talk about those who can
  • #116,792
  • Oct 8, 2012 1:12pm Oct 8, 2012 1:12pm
Quoting hkkhanus
yup definitely the wrong way ... bastard .. lol
btw the pin makes sense on daily according to the level where it is right now, showing strong demand on daily (or the bastards showing off ) [me no likes] :/
thrown mine in the bin - might be wrong , but better to be wrong -20 than wrong -50 . Don't know about demand - haven't got the order book - there was demand here before , but how much is left 4th time round since late June I don't know - to me it looks like shorts unwinding at the obvious level - but again just conjecture ... let's see the numbers/gossip and general BS that comes out this week to push it either way
  • #116,793
  • Oct 8, 2012 1:26pm Oct 8, 2012 1:26pm
Quoting chazzle
thrown mine in the bin - might be wrong , but better to be wrong -20 than wrong -50 . Don't know about demand - haven't got the order book - there was demand here before , but how much is left 4th time round since late June I don't know - to me it looks like shorts unwinding at the obvious level - but again just conjecture ... let's see the numbers/gossip and general BS that comes out this week to push it either way
that's my whole problem with SupDem zones, right there...
  • #116,794
  • Oct 8, 2012 1:31pm Oct 8, 2012 1:31pm
well i'll be amazed if this moves more than 10 pips now till asia... later folks...
  • #116,795
  • Oct 8, 2012 1:34pm Oct 8, 2012 1:34pm
by the way hitting it fourth time also presents a H&S neckline.... right here
but not forgetting my H&S trades never work out well

Quoting chazzle
thrown mine in the bin - might be wrong , but better to be wrong -20 than wrong -50 . Don't know about demand - haven't got the order book - there was demand here before , but how much is left 4th time round since late June I don't know - to me it looks like shorts unwinding at the obvious level - but again just conjecture ... let's see the numbers/gossip and general BS that comes out this week to push it either way
  • #116,796
  • Oct 8, 2012 1:35pm Oct 8, 2012 1:35pm
Quoting FibbinArchie
that's my whole problem with SupDem zones, right there...
I'm sure it's mostly just semantics really - different lingo - we all look at the same shiz on the charts ...
  • #116,797
  • Oct 8, 2012 1:44pm Oct 8, 2012 1:44pm
Quoting hkkhanus
by the way hitting it fourth time also presents a H&S neckline.... right here
but not forgetting my H&S trades never work out well
well , they work better at the top of an uptrend for a start - and usually safer on the rt of the broken neckline - only when you can truly call it a H&S - when it's fully formed - we're caught in a range between the big March/late May swing - which itself is like a smaller fractal of last year's range - look at the APR/OCT swing from 2011 which marked the year range and you'll see what I mean - currently sat just below half way of that range atm
  • #116,798
  • Oct 8, 2012 1:44pm Oct 8, 2012 1:44pm
Quoting FibbinArchie
that's my whole problem with SupDem zones, right there...
I love 'em. But, you have to always look for accompanying PA. Weakness or strength.

Personally me, I use the zones as a 'on watch' area. From the very top to the bottom. I then need to see a turn in current price (something similar to dow theory, except focused on the individual candles).

A break of the zone will alter my bias, and the 'on watch' play is now a counter, but still playable.
  • #116,799
  • Oct 8, 2012 1:48pm Oct 8, 2012 1:48pm
Quoting Venice
I love 'em.
I was waiting for it .....

nice going on cable mate - I really didn't think it would just reverse like that after London session friday
  • #116,800
  • Oct 8, 2012 2:03pm Oct 8, 2012 2:03pm
Quoting chazzle
I was waiting for it .....

nice going on cable mate - I really didn't think it would just reverse like that after London session friday
Yep. The jerks like to play games on Friday's... said to hell with it, i'll hold over the weekend. They knew they were going to sink it, so wanted to keep as few people out as possible.

Or at least, that's my paranoid answer!
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