The Really Useless Thread

Watch out ...more (well extension of swap lines) of CB coordinated action. A tick above highs in the euro open the sky and ES is testing key last breakout before NY (@Kill ...GL bro).

sisse

all eyes bro thanks and best of luck

6:20 AM The Eurogroup finally agrees to release the long-delayed latest tranche of Greece's bailout. The country will receive €49.1B, which will include money to finance its bond buyback.

me poor no money only one leg one foot

dammmmmmmmmmmmmmmmmmmmm any dead cow camel momo homo shomo domo in za houze

wasup kill?

u are the only one alive here all the time

lol, always checking you guys....

still here


last dustbin of the year almost done

best of luck bro and go next door and fak ken


thinking of closing the shop and watch cartoons (pppp) till next year

Just back home
wow 22h passed and pa still@3090

last one for 2012 done

just pulled the plug for the year

more work for less pips the past 3-4 months

no problem for us...the barstarts won`t beat us

lol, power play on both sides, I'll be available if ES presents itself @ 1397

hello all . audusd future chart

Looks like it's best to shut down for the year. Hopefullly we'll see better trading activity next year (at the moment, though, I'm doubtful).

Best wishes to everyone for a great Holiday and a wonderful New Year.


Dosvydanya for now...

Let us try to really understand the wave structure of the wave from the 2661 low


For me, the movement down from 3126 to 2875 has clearly an impulsive character. The only way to preserve the impulsive nature of the whole move up is to maybe declare a very big ABC-flat as wave blue 4.

The move up from this supposed wave 4 end has clearly impulsive structure/character so far. In so far "in dubio pro reo".

A wave 5 target then would ideally be between 3090, 3122 or 3150. In case of extension up to 3215.

When we have indeed seen such a huge ABC-flat (huge B-wave), then this B-wave may have worked up much of the euphoria, so that wave 5 may only be hardly above this B-wave top, or eventually only a truncated wave 5.


see chart 1


On the second chart you see a scenario, where we solve the impulsive structure of this weeks upward movement as an ABC-flat correction. In this way we are now up in impulsive wave C.

This count would fib exceptionally well. Optimum target for wave C is already reached, and would allow for even 3125 (double top)



Both counts would call for a decline to at least the 2874 region.



Are these bullish counts my favority counts? Hell, no LOL

When you know me long enough you know I am bearish EURUSD.


So how would this last moves fit into a bearish scenario?

see chart 3

The premium area for a red wave 3 down would be rather in the 209 area than in the 25x area because of the deep reaching blue ABC-flat. The 25x are might be the target for green wave 3 eventually (best 2415 so far)


What does speak for short term weakness?

Clearly price has run into resistance and has produced multiple divergences.

On the forced way up over the past days we have left many virgin POC's untouched (Market profile)

I will publish some Market profile charts later.



What does speak for medium term weakness?

The COT data shows, that EURUSD shorts have now a very low number. Such low readings have, in the past, constantly lead to a drop in EURUSD thereafter.


see last picture



All in all: the race between bulls and bears is fairly leveld right now. I find enough counts and data for the bearish case, but I too can see counts for the bullish case. Clearly, when this whole mess transforms to the bullish case, targets of such an up-move would be in the 1.42-1.44 area

But I suspect at the moment that such a bullish move can be made out of such an already EURUSD bullish sentiment of investors.

[quote=Gleneagles;6289367]Dustbin levels held true for almost 2 weeks now , in spite of the uncertainty ( more than usual)

Very valid point raised by sisse.

Even in a " user-friendly" time zone , you have to manage your life and your trading.
I posted a while ago that you have a shelf life ...sell by date ...as a trader.


i know where your coming from but i dont agree its purely down to the individual plus i've seen some old timers switch from the old shout outs to screens trading oil and only oil in their complete and utter waste off useless time

I'd say they have all but moved on now sadly, just thought i'd add to the life spam thingy

its all in the head as a paddy would say !!!!

nite

Holy schmoly, contradicting piece of information here...

Crowds Most Net Short EURUSD Since High

Hi Hatch,


your data shows the kids behavior (you and me and Tante Erna), the COT data shows more fund manager, hedge funds, etc.

but even the small specs. are on the chart from wellenreiter. And one can see they are not very short EURUSD right now