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The Really Useless Thread

  • #121,381
  • Nov 7, 2012 6:59am Nov 7, 2012 6:59am
not exactly a swathe of buyers at yesterdays low
  • #121,382
  • Nov 7, 2012 7:10am Nov 7, 2012 7:10am
Quoting chazzle
not exactly a swathe of buyers at yesterdays low
though def a target from 720ish
  • #121,383
  • Nov 7, 2012 7:27am Nov 7, 2012 7:27am
i blinked and... BAM! got run over by a freight train!
dreams do come true.
  • #121,384
  • Nov 7, 2012 7:59am Nov 7, 2012 7:59am
at support atm.. if nothing changes, the h will be a hammer. so i am trying to get back in at 2802 ish if possible.
those who can, do. those who cant, talk about those who can
  • #121,385
  • Nov 7, 2012 8:25am Nov 7, 2012 8:25am
Quoting gatorinla
at support atm.. if nothing changes, the h will be a hammer. so i am trying to get back in at 2802 ish if possible.
other s/r 2760/62 82 2802
those who can, do. those who cant, talk about those who can
  • #121,386
  • Nov 7, 2012 8:27am Nov 7, 2012 8:27am
Quoting Venice
Stops to BE, targeting a mild target of 2880. GL all, sleep well.
Ass hats... hurts me right in the feel goods. Last nights high, 28756.
  • #121,387
  • Nov 7, 2012 8:33am Nov 7, 2012 8:33am
Quoting Venice
Ass hats... hurts me right in the feel goods. Last nights high, 28756.
Hey V , I found a round number of pips from entry as tg is a good way of getting around that - you can avoid a round number tg on the charts - usually - if not , decrease by 5
  • #121,388
  • Nov 7, 2012 8:36am Nov 7, 2012 8:36am
bulls at the gate - 720 still open if they stay out
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  • #121,389
  • Nov 7, 2012 8:37am Nov 7, 2012 8:37am
Quoting chazzle
Hey V , I found a round number of pips from entry as tg is a good way of getting around that - you can avoid a round number tg on the charts - usually - if not , decrease by 5
Good tip. Maybe taking 10 pips off of target would be a good choice on H12 swings. The market is acting so strange lately. Oh well, I'll be looking to sell any retraces now from the daily perspective, she is indicating another leg down. Retrace to 2795 at some point in time. It was a retrace play so those are always tricky.
  • #121,390
  • Nov 7, 2012 8:42am Nov 7, 2012 8:42am
Quoting Venice
Ass hats... hurts me right in the feel goods. Last nights high, 28756.
same here.. i caught a bunch of it. but with a smaller position... i got out too early.. looks like anther drop atm w/o bounce.
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those who can, do. those who cant, talk about those who can
  • #121,391
  • Nov 7, 2012 8:47am Nov 7, 2012 8:47am
Quoting Venice
Ass hats... hurts me right in the feel goods. Last nights high, 28756.
2691 has a bulls eye on it with st pa. i still would rather a bounce to enter. still have hope for 2802...
those who can, do. those who cant, talk about those who can
  • #121,392
  • Nov 7, 2012 8:49am Nov 7, 2012 8:49am
Quoting gatorinla
2691 has a bulls eye on it with st pa. i still would rather a bounce to enter. still have hope for 2802...
The cluster around 2600 is going to be rough. I am also wanting 2802 as a retest for reselling.
  • #121,393
  • Nov 7, 2012 8:51am Nov 7, 2012 8:51am
Now that the election is over, it's back to this!

http://ginormasource.com/humor/wp-co...world-ends.jpg
  • #121,394
  • Nov 7, 2012 8:58am Nov 7, 2012 8:58am
Quoting chazzle
bulls at the gate
hit it 3 times since the low , every half hour ... 772 looks likely soon
  • #121,395
  • Nov 7, 2012 9:03am Nov 7, 2012 9:03am
Quoting Venice
The cluster around 2600 is going to be rough. I am also wanting 2802 as a retest for reselling.
looks like a flag forming. if we can hold out for e-close, we got a shot. its not looking good atm.. we are above adr... but the average over a long period is close to 120.. with us being 2/3 of that lately we can move 500 pips and still not move the long period needle.
those who can, do. those who cant, talk about those who can
  • #121,396
  • Nov 7, 2012 9:09am Nov 7, 2012 9:09am
Taking 1st target in the euro swing. Daily chart and TA Q Outlook update from Oct 01:

Quoting sisse

Quarterly Outlook


On the FA side:
[list][*]Election Quarter so any major economic bad news will be blamed to the other side of the Atlantic until election results. However, this season debt soap opera seems to be over and only the final episode (which everybody already knows the outcome) left: Spain bailout can trigger a final (and prolly for a long time) risk wave across the board.
[*]We are officially getting back to "normal" times after 4 years of risk/panic/politicians rumors...
On the TA side:

 

  1. Quarterly:

    1. Rejection of swing low in play. Strong 1.296x R is momentum line to 1.334x which is open but capped to the current yearly high because of the failure to break 1.296x this quarter.
    2. 1.266x best retrace to rejection strongly fadable with monthly when tested (best trade left for the year).
    3. Overshoot to Q Support 1.223x very marginally open and it will only be tradable on a break 1.266x with Spanish collapse and Greece leaving the Union in a panic wave but not TA alone.[1.334x in play after retrace to 1.266x]


    [highlight]

  2. Monthly: [/highlight]

    1. Reversal from last month already completed the easy part of the 1st move. Retrace 1st from [highlight] 1.296x fadable to 1.275x[/highlight] with extension to [highlight] 1.266x [/highlight].Momentum line 1.2865x keeping a very close eye 'cause ECB/NFP combo.[check and final target open]


    [highlight]

  3. Weekly: [/highlight]

    1. Uptrend in full motion but we are trading retrace wave. Nothing tradable at the current levels (1.289x). [highlight]Soft stops at 1.281x to open 1.275x[/highlight] and beyond to 1.266x [check and final target open]

  4. Daily:

    1. In consolidation mode. A roll above 1.287x opens clean swept in weekly without further retrace with momentum in the same Q/M/W level 1.296x. [highlight]Lots of Support and noise[/highlight] in between 1.276x and 1.287x so nothing tradable in that chart for this week. [Check]

  5. Intraday

    1. Reversal up on the weekly opening with most of the easy part gone with London. Crumbs left to strong R at 1.292x and with even more R overhead at 1.296x. Without news (ECB/NFP) looks very hard to break above this week. Only early trapped bulls can trigger a run to [highlight]1.281x and beyong 1.276x[/highlight] with stops triggered. [Check]


sisse

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Pending conversations? PM for a chat...I am mainly in OTM now
  • #121,397
  • Nov 7, 2012 9:14am Nov 7, 2012 9:14am
Quoting chazzle
hit it 3 times since the low , every half hour ... 772 looks likely soon
4th time unlucky lol - prob the same institution selling there in blocks
  • #121,398
  • Nov 7, 2012 9:23am Nov 7, 2012 9:23am
Quoting sisse
Taking 1st target in the euro swing. Daily chart and TA Q Outlook update from Oct 01:



On the TA side:
[list][*]Quarterly:[list][*]Rejection of swing low in play. Strong 1.296x R is momentum line to 1.334x which is open but capped to the current yearly high because of the failure to break 1.296x this quarter.[*]1.266x best retrace to rejection strongly fadable with monthly when tested (best trade left for the year).[*]Overshoot to Q Support 1.223x very marginally open and it will only be tradable on a break 1.266x...

well done

are in gold and es they are shining
  • #121,399
  • Nov 7, 2012 9:29am Nov 7, 2012 9:29am
Quoting Venice
Now that the election is over, it's back to this!

http://ginormasource.com/humor/wp-co...world-ends.jpg
if we do manage 2802.. then 2813 may cap it.
those who can, do. those who cant, talk about those who can
  • #121,400
  • Nov 7, 2012 9:38am Nov 7, 2012 9:38am
Quoting kill56
well done

are in gold and es they are shining
Thanks bro...

Yeap it has been a clean sweep. We mentioned a few times yesterday in the thread that it was screaming continuation across the board...

Didn't get much out of Gold, that push above 1725 made me trigger shy so late and poor entry. ES was textbook. Didn't entered early yesterday on the close because of election but today US opening would have been unforgivable not to take it.

How about you? ...plenty of action across the board so I hope you got something good...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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