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The Really Useless Thread

  • #122,361
  • Nov 14, 2012 10:35am Nov 14, 2012 10:35am
Quoting chazzle
how about OCT low at 804? - less than 1 hr into the month

Look Sharp/Trade Tight
  • #122,362
  • Nov 14, 2012 10:37am Nov 14, 2012 10:37am
Quoting USD-Bear
thanks for sharing your views guys!
The thing which is most unclear for me is:

USD-index moves upwards (strong)
EU moves up so Euro must even be stronger then USD-Index

normally USD has huge dominance in the EU direction leading me to use USD-charting that much because I seem to find the levels on USD more easily.
The moves we see now are very abnormal, other then Japan buying both Euro's and USD I can't find any reasonable explanation, especially not in current fundamental environment.
i know each day the market moves the figureheads in the media try to explain a fundi reason why. more times the not they are caught off guard and the move had already started tech wise. and they will try to explain it after with fundis.
those who can, do. those who cant, talk about those who can
  • #122,363
  • Nov 14, 2012 10:40am Nov 14, 2012 10:40am
Quoting infinitus
2817 Murrey Math target on daily (2/8) and 4h (4/8 pivot) and 1h (8/8)

2802 on 1h (7/8) strong resistance



around 2820 an important fib fan line

2806 a Elliott wave base channel (see pic; red channel)

2803 is the low from 09.30.2012
danke mate...hope you've been well..
Look Sharp/Trade Tight
  • #122,364
  • Nov 14, 2012 10:43am Nov 14, 2012 10:43am
This roof is pretty solid. If it pops, there should be lots of yummy stops to take us higher.
  • #122,365
  • Nov 14, 2012 10:43am Nov 14, 2012 10:43am
Journey to Africa


maybe we retest the intersection of Rubicon and "The wall" at around 2890


see marked area at the chart
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Weekly_snapshot.jpg Size: 118 KB
  • #122,366
  • Nov 14, 2012 10:46am Nov 14, 2012 10:46am
if i was a aggressive bear i would of sold at 54 just now with a tight stop. . it dont matter what the bias is..
those who can, do. those who cant, talk about those who can
  • #122,367
  • Nov 14, 2012 10:47am Nov 14, 2012 10:47am
Quoting Venice
This roof is pretty solid. If it pops, there should be lots of yummy stops to take us higher.
not me.. i wait for the pullback.. right or wrong.
those who can, do. those who cant, talk about those who can
  • #122,368
  • Nov 14, 2012 10:51am Nov 14, 2012 10:51am
Quoting PayTheLimit
danke mate...hope you've been well..

All fine here :-)


Hope you are well, too
  • #122,369
  • Nov 14, 2012 11:01am Nov 14, 2012 11:01am
kaBoom.
  • #122,370
  • Nov 14, 2012 11:01am Nov 14, 2012 11:01am
nice... what will 71/72 say now. 84 untouched still.. 39 now is norm
those who can, do. those who cant, talk about those who can
  • #122,371
  • Nov 14, 2012 11:01am Nov 14, 2012 11:01am
Rock'n roll.
  • #122,372
  • Nov 14, 2012 11:05am Nov 14, 2012 11:05am
I really hope the next cycle of trades are merely LH > LL > LH. I hate inconsistencies.
  • #122,373
  • Nov 14, 2012 11:12am Nov 14, 2012 11:12am
This might help.
Dollar index makeup



Quoting USD-Bear
thanks for sharing your views guys!
The thing which is most unclear for me is:

USD-index moves upwards (strong)
EU moves up so Euro must even be stronger then USD-Index

normally USD has huge dominance in the EU direction leading me to use USD-charting that much because I seem to find the levels on USD more easily.
The moves we see now are very abnormal, other then Japan buying both Euro's and USD I can't find any reasonable explanation, especially not in current fundamental environment.
Attached Image
  • #122,374
  • Nov 14, 2012 11:14am Nov 14, 2012 11:14am
Link to article.

http://tradeforex4freedom.com/the-us...-dollar-index/

Quoting Big1red9
This might help.
Dollar index makeup
  • #122,375
  • Nov 14, 2012 11:14am Nov 14, 2012 11:14am
And of course still seller heavy. Shesh. Retraces always suck.
  • #122,376
  • Nov 14, 2012 11:17am Nov 14, 2012 11:17am
Quoting Venice
kaBoom.
Attached Image
  • #122,377
  • Nov 14, 2012 11:18am Nov 14, 2012 11:18am
Quoting Venice
And of course still seller heavy. Shesh. Retraces always suck.
2771 is s1 yearly
those who can, do. those who cant, talk about those who can
  • #122,378
  • Nov 14, 2012 11:20am Nov 14, 2012 11:20am
a perfect example of one being screwed on a b/o.. this is why u wait.. most times this is how a b/o works.. the rare ones dont pullback. so they dont cost a thing
those who can, do. those who cant, talk about those who can
  • #122,379
  • Nov 14, 2012 11:23am Nov 14, 2012 11:23am
Quoting gatorinla
a perfect example of one being screwed on a b/o.. this is why u wait.. most times this is how a b/o works.. the rare ones dont pullback. so they dont cost a thing
Aye. I never actually got a close to consider it a breakout... heh. Pop up and rejection. I need a close to consider the breakout, then buy at demand. Tracking 15m right now... still uptrending clusters... lets see what this dumb thing wants to do now.
  • #122,380
  • Nov 14, 2012 11:26am Nov 14, 2012 11:26am
Quoting gatorinla
2771 is s1 yearly
2775, mid of h1 supply zone as well. Didn't jump on board because I am looking for a higher retrace... but that may have been it.
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