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The Really Useless Thread

  • #119,581
  • Oct 25, 2012 1:10am Oct 25, 2012 1:10am
Quoting gatorinla
oh well 3015 hit!!!!! i dont know what will happen... but 3079 is norm before 2989
My broker 1.3013
  • #119,582
  • Oct 25, 2012 1:12am Oct 25, 2012 1:12am
Quoting gatorinla
if we bounce off the 3002 R.. then we may be able to L 2959 area 2983 is also one.. to look for bear weakness.
scratch 59
those who can, do. those who cant, talk about those who can
  • #119,583
  • Oct 25, 2012 1:12am Oct 25, 2012 1:12am
Quoting PayTheLimit
you still looking for weekness in the brit against 6083?
no at least after 6137
those who can, do. those who cant, talk about those who can
  • #119,584
  • Oct 25, 2012 1:13am Oct 25, 2012 1:13am
Quoting gatorinla
no
10-4
Look Sharp/Trade Tight
  • #119,585
  • Oct 25, 2012 1:18am Oct 25, 2012 1:18am
Quoting Jaro
My broker 1.3013
it happens
Attached Image
those who can, do. those who cant, talk about those who can
  • #119,586
  • Oct 25, 2012 1:27am Oct 25, 2012 1:27am
mornin....


Longer term dustbin level @ 3014

Not convinced yet that this move has the legs to print a beat above the level

Waiting for LO
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" Never let the past hold the future to ransom "
  • #119,587
  • Oct 25, 2012 1:30am Oct 25, 2012 1:30am
Hey all, I just closed out all my GBP/JPY longs I'd been holding for awhile. It's a bit short of my TP2 of 129.20, but I had enough on the table to clear out. I'll be looking to buy pullbacks.

I hope everyone is doing well and making green pips!
check out my blog: forexmademillionaire dot com
  • #119,588
  • Oct 25, 2012 1:30am Oct 25, 2012 1:30am
aj broke out... so we can go a lot higher. but 8356 may be the top... atm at 83.10... and looking strong.. weakness just under 83.56 is what to look for.. it should influence equities and commodities and those currencies. 83.33 may be a R..its a old mid.
simple as this.. if we dont break 83.56.. we will go back to mid summer levels. that trajectory is lower on anything robust economy related.
those who can, do. those who cant, talk about those who can
  • #119,589
  • Oct 25, 2012 1:50am Oct 25, 2012 1:50am
Quoting gatorinla
scrap 3015... it may be a support.. but more then likely a mid. damn thing is tight with the bounce. 3078 is holding its ground
sticking to the plan... the #s in the lower end .. 2952 and 2889... will give yesterdays low with a little math. look at the chart.. its all there.

3015-31.5=?
look for bear weakness in this area.. add if we go higher, the same 31.5.. 3078.x is in the sequence. as is the low..
those who can, do. those who cant, talk about those who can
  • #119,590
  • Oct 25, 2012 2:57am Oct 25, 2012 2:57am
morning. i target 3048. BE now
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  • #119,591
  • Oct 25, 2012 3:07am Oct 25, 2012 3:07am
might look for a short in the pound in the 6100/17 area...
Look Sharp/Trade Tight
  • #119,592
  • Oct 25, 2012 3:10am Oct 25, 2012 3:10am
eur/usd H4

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #119,593
  • Oct 25, 2012 3:23am Oct 25, 2012 3:23am
Quoting godim
eur/usd H4

Attachment
yeah bro. same levels i have.
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  • #119,594
  • Oct 25, 2012 3:44am Oct 25, 2012 3:44am
Suffering from short bias today.

Very annoying.

I wonder whether a long beer with lunch will solve the problem?

On the other hand , it could also be intelligentia absentia syndrome
" Never let the past hold the future to ransom "
  • #119,595
  • Oct 25, 2012 3:54am Oct 25, 2012 3:54am
Quoting PayTheLimit
might look for a short in the pound in the 6100/17 area...
Double dip is over in the UK after those GDP numbers and it looks very hard to have a "triple" dip. Plus BOE was very clear that no more QE for a while .... so if there is a move down in Sterling it has to come from the other side of the pair in my books....

We will have lots of fuel in the next few months every time we have numbers picking up. From Europe to China and Emergency Markets there is going to be enough for every taste for Q4 and Q1/2013 and soon to all time highs across the board....

In any case, European stocks and Gold completed retrace after the failure to break key support yesterday and also Euro completed H4 move to 1.302x. Session could be over very early this morning in chop again after this H4 close....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #119,596
  • Oct 25, 2012 4:05am Oct 25, 2012 4:05am
Quoting sisse
Double dip is over in the UK after those GDP numbers and it looks very hard to have a "triple" dip. Plus BOE was very clear that no more QE for a while .... so if there is a move down in Sterling it has to come from the other side of the pair in my books....


In any case, European stocks and Gold completed retrace after the failure to break key support yesterday and also Euro completed H4 move to 1.302x. Session could be over very early this morning in chop again after this H4 close....

sisse
The Olympic Games must have had a sizable contribution to the numbers as well.

A few billion flowing into the economy that is not part of "normal" economic drivers?

The next number could be interesting because it would be comparing apples with apples?


edit: just saw an article now estimating the increase at +/ 0.2%
" Never let the past hold the future to ransom "
  • #119,597
  • Oct 25, 2012 4:23am Oct 25, 2012 4:23am
eur/usd M15

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #119,598
  • Oct 25, 2012 4:34am Oct 25, 2012 4:34am
Quoting godim
eur/usd M15

Attachment
same thoughts bro
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  • #119,599
  • Oct 25, 2012 4:46am Oct 25, 2012 4:46am
Quoting godim
eur/usd M15

Attachment


same here :-)

3028 50% retracement of the whole move down from the 3138 top

3036 a 262% extension of an ABC flat count

around 3030 comes a trend line down

around 3038 comes a fib fan line (61,8%) down (from the 3139 top)


break of 3083 opens 3184

break of 3184 will open bullish cases with targets above 41x
  • #119,600
  • Oct 25, 2012 4:47am Oct 25, 2012 4:47am
need to hit channel top. still more room up
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