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The Really Useless Thread

  • #128,181
  • Jan 7, 2013 3:18pm Jan 7, 2013 3:18pm
Quoting kill56
bro he is too dam good , and he is a long term trader, me some times i do that if i see a clear trend but i love to hit and run ,i might keep a winning position running for a while but any change in trend i am out and i will revers
that's exactly why I love him (trader wise) countering and contrarian play is what I love as long as the main lt direction is more or less clear.
Currently not at all in sync with him, so first want to loose my 20 pips on my EU short and after that waiting for synchronization
Don't be a hero. Don't have an ego. Always question yourself
  • #128,182
  • Jan 7, 2013 3:30pm Jan 7, 2013 3:30pm
Quoting infinitus
Hi Sisse,


from a pure EW point of view I do see rather an implosion than explosion.

Target down may be ultimatively below parity in Cable
Well BOE has been the most trigger happy CB across the board. To put the cherry on top austerity (what a mess they made on the one hand printing like mad and on the other cutting expending....at end obviously only the bastards in the city made a killer) so pound was hammered as clearly seen in charts now.

I agree that from a purely TA point of view in a yearly/timeless TF a break of the pennant/flag or whatever you want a call it will open a test of lows (parity) but you cannot dismiss Fundamental underlyings in such macro levels. Hitting 1985 pound collapse devaluation levels that ended up trigger the last recession in a open currency war seems far from possible short term given the double (almost triple dip), the endless QE and the current state of the world economy after the Financial Crisis.

In simple words, we need a major FA trigger to test those all time lows. I mean a massive recession (triple dip) in the UK with unemployment and inflation levels as seen the last time the IMF was in the UK (only a couple of decades ago) or a complete collapse of the EU/EZ in nasty terms (triggering a currency war and protectionist all over the continent) or a massive fck up from the BOE and Government....none of them seem realistic for now ...

In any case, as mentioned before I am TA neutral short term in cable but FA bullish mid term....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #128,183
  • Jan 7, 2013 3:46pm Jan 7, 2013 3:46pm
In heavy on this one, let's see her go another 100p.

And also a jam for my useless bros

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  • #128,184
  • Jan 7, 2013 4:02pm Jan 7, 2013 4:02pm
OMFG, how addictive is POF???

so after arranging road tax, insurance and travelling 30 miles on public transport to pick it up today (coz it's monday and all my lift options were at work), mission accomplished on the car AND I DO NOT WANT TO LOOK AT GUMTREE, OR AUTOTRADER, OR GO FOR ANOTHER TEST DRIVE, OR INSPECT MORE BODY WORK, OR LOOK UNDER ANOTHER BONNET AT ANOTHER ENGINE, ETC... FOR QUITE A FUCKING LONG TIME...

so hopefully put this one to bed for a bit, drive home seemed ok, and reckon i ain't done too badly considering the budget i had to work within, etc. one of my housemates has already offered me £150 more than i paid for it... anyway, at least i'll be able to get into work tomorrow...

anyways, maybe i'll have a bit of time now to settle down and get a focus on what's going on in the currency markets...

where da kenfy @??
  • #128,185
  • Jan 7, 2013 4:14pm Jan 7, 2013 4:14pm
Quoting sisse
Well BOE has been the most trigger happy CB across the board. To put the cherry on top austerity (what a mess they made on the one hand printing like mad and on the other cutting expending....at end obviously only the bastards in the city made a killer) so pound was hammered as clearly seen in charts now.

I agree that from a purely TA point of view in a yearly/timeless TF a break of the pennant/flag or whatever you want a call it will open a test of lows (parity) but you cannot dismiss Fundamental underlyings in such macro levels. Hitting 1985...

from a Murrey Math view a break of 6602 on weekly opens up 7578, a break below 5625 on monthly opens 3672
  • #128,186
  • Jan 7, 2013 4:17pm Jan 7, 2013 4:17pm
Quoting sisse
Where/what are you aiming Hatch?.

Cable looks almost ready for a nuclear explosion this year. We are officially trendless in major TFs Y/Q/M and W. However we are trading in the middle of the middle of the range in the apex almost to the tick of a extreme compression range (chart wise too) and the compression is getting narrow each week.

I am TA 100% neutral on Cable in those Tfs but if we are talking for the swing/position trade, FA favor, and by a large margin, a break up not down. Weaker dollar first and after inflation in the UK...
Hey bro

I have been following this girl for awhile now and agree 100% about her in extreme compression mode but not so sure about the break up bit, however which ever way she breaks I want to be on her.
I have attach some weekly charts
chart 1
Show the extreme compression, presently capped by the 38 fib of the fall from her alltime high, and the falling tl, the snaking ma,s is worth mention too
chart 2
Is same but zoomed in, I guess is another possible compression zone, within the bigger compression zone, but more so at the top of that zone, with each new sub rising tl could act as a reasonable indication of her next move, if down, for the lower timeframes
chart 3
This just bring in another dynamic, the all time high low ranges will associated mids, highlight is the 37.5% level 6269, which I traded the other night, and still holding, I have partialed @ the rising lower tl, and will not be touching again, they will either be stopped, or become pretty decent runners if she does break down

Chart 4
Daily zoomed in, point of interest is my broker has just printed todays open, 6114 as typing, I was tempted to short around here as it is a reasonable retest of the breached rising tl, however, I did not like the previous close, and as yesterdays candle printed a new high grrr so last 2 days printed inverted hammers, so I think I will stay aside this girl for now, although still tempted to add another short maybe for scalp lower timeframes, because lately last few times I have posted charts with possible trade plan, trollops have gone 180% and tanked

So I am now official contrarian indicator might go have a look aussie kiwi or eu see if them are offering anything
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If you are new to Forex? Say Goodbye to your account!!
  • #128,187
  • Jan 7, 2013 4:45pm Jan 7, 2013 4:45pm
neighbourly wifi row...

and goodnight...
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  • #128,188
  • Jan 7, 2013 5:01pm Jan 7, 2013 5:01pm
Quoting FibbinArchie
neighbourly wifi row...

and goodnight...
haha, let me guess.. mayfair, not.
  • #128,189
  • Jan 7, 2013 5:03pm Jan 7, 2013 5:03pm
Quoting 2046
haha, let me guess.. mayfair, not.
lol, doubt that grammatical standards would be quite so low in somewhere like mayfair...
  • #128,190
  • Jan 7, 2013 5:28pm Jan 7, 2013 5:28pm
gee brain, what do ya wanna do tonight?

same thing we do every night pinky, surf the pr0n...

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gawn...
  • #128,191
  • Jan 7, 2013 6:01pm Jan 7, 2013 6:01pm
my mate's new puppy, cutest little critter you ever did see...

right, gone!!
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  • #128,192
  • Jan 7, 2013 6:15pm Jan 7, 2013 6:15pm
Quoting sisse
As Rag2RichesFX mentioned:

Basically you have guarantee cheap dollar in the mid term or at least as long as inflation is under control. Whatever come first (inflation up or unemployment down) will trigger a FED change in policy, meanwhile is all weaker dollar via QE expectations and interest rate differential. The only independent variable is risk via panic and EZ ...but for now it seems to be calm until Feb and March that Italy and Spain need to repay and refinance ....

On the pound inflation will tick higher a lot earlier than in the...
Thanks for your input, it's highly appreciated.
At the moment, for known reasons, I have to go with what I'm 'good' at... that's the small pool of technical tools I employ.
Based on last weeks candle-body, this is what the textbook says. Now, I have to wait what happens tomorrow.

Chart is G/U H4.
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  • #128,193
  • Edited 8:01pm Jan 7, 2013 7:47pm | Edited 8:01pm
I got a possible double bottom

weekly tf

even if i trade off the 1min

i reakon that mate off mine fucked off back to Barcelona too much snow
  • #128,194
  • Jan 7, 2013 11:00pm Jan 7, 2013 11:00pm
morning..
Look Sharp/Trade Tight
  • #128,195
  • Jan 8, 2013 12:34am Jan 8, 2013 12:34am
Quoting KiwiTrada
Hey bro

I have been following this girl for awhile now and agree 100% about her in extreme compression mode but not so sure about the break up bit, however which ever way she breaks I want to be on her.
I have attach some weekly charts
chart 1
Show the extreme compression, presently capped by the 38 fib of the fall from her alltime high, and the falling tl, the snaking ma,s is worth mention too
chart 2
Is same but zoomed in, I guess is another possible compression zone, within the bigger compression zone, but more so at the top of...
cable 1st attack 6100 is underway, small steps, could be important attempt
If you are new to Forex? Say Goodbye to your account!!
  • #128,196
  • Jan 8, 2013 12:58am Jan 8, 2013 12:58am
Morning...
" Never let the past hold the future to ransom "
  • #128,197
  • Jan 8, 2013 1:22am Jan 8, 2013 1:22am
morning,
well they got me last night, EU short stopped @ 1.3130 -20, counter action failed.
PA on USDOLLAR is fooling around that 10090 level and pull back went a bit too far for me.
Saying that, no clear picture yet, still have the impression north in coming days is likely but we'll see after London opening.


USDOLLAR D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #128,198
  • Jan 8, 2013 2:14am Jan 8, 2013 2:14am
Quoting PayTheLimit
passing on the AUD, taking some shorts in AUDJPY here, risking 92.60ish, playing for 90.15, and even 87.65 if the damn thing ever considers pulling back...
very nice catch PTL with both sides working for you AUD fundamentally and YEN corrective
Don't be a hero. Don't have an ego. Always question yourself
  • #128,199
  • Jan 8, 2013 2:18am Jan 8, 2013 2:18am
sisse, kill, any vibes on shorting ES at this rounding top?
Don't be a hero. Don't have an ego. Always question yourself
  • #128,200
  • Jan 8, 2013 2:30am Jan 8, 2013 2:30am
13094 intraday swing level


Looking to reset levels if EU breaks below 3094

It is long until it is short
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" Never let the past hold the future to ransom "
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