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The Really Useless Thread

  • #128,641
  • Jan 15, 2013 1:28pm Jan 15, 2013 1:28pm
Quoting gatorinla
it struggled at 3341 all day.. losing 3341 and 3332.7 is all bears need. we hit targets and a bounce after is normal. rejection moves at places like 3341 dont need a normal retrace. because they control the weather. its not little funds around 3341
Agree Gator bulls couldn't regain 1,334x since the morning and is definitively a major Level (Q/M/W Res) in my charts too. However, the final bulls that managed to crack such a level are intact. Let see how it goes with the 1st test of last break out and how it rolls..

Only knee jerk reaction in the Euro, the rest pretty much in a very decent sessions.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #128,642
  • Jan 15, 2013 1:30pm Jan 15, 2013 1:30pm
Quoting chazzle
EC W1 H4

EUR CAD - Piercing line on weekly - with some s/r to consider
before/after

chanced
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  • #128,643
  • Jan 15, 2013 1:31pm Jan 15, 2013 1:31pm
ah this price action forming a 'P' shaped profile suggesting its more of a long covering and some new shorts but looking at it,cant see much force behind it and cant see much long term seller here and also this move happen in a very thin markets.now its time to get ready to buy some euro cheap as the profile showing lot of demand at 1.3260 area.lookin at last 2 session poc is at 1.3340 with val at 1.3324 and vah at 1.3380.
yes i am playing this market from the long side for atleast this quarter.and at everydrop of market i will be building my position buying euros.
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Allah has permitted trade and has forbidden interest [koran]
  • #128,644
  • Jan 15, 2013 1:32pm Jan 15, 2013 1:32pm
Quoting sisse
Agree Gator bulls couldn't regain 1,334x since the morning and is definitively a major Level (Q/M/W Res) in my charts too. However, the final bulls that managed to crack such a level are intact. Let see how it goes with the 1st test of last break out and how it rolls..

Only knee jerk reaction in the Euro, the rest pretty much in a very decent sessions.

sisse
cant overlook the ej that leads it, is now pointing 200 pips lower.
those who can, do. those who cant, talk about those who can
  • #128,645
  • Jan 15, 2013 1:35pm Jan 15, 2013 1:35pm
lets see if this shitty levels works
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  • #128,646
  • Jan 15, 2013 1:46pm Jan 15, 2013 1:46pm
Quoting kill56
@sisse

bro are we talking about a rate cut next month or they will bring some spain italy shitt to the show
Take it with a pinch of salt. Juncker is bureaucrat first and a technocrat after. My reading is not about him neither the ECB but that there are some EZ Ministries of Finance not that happy with the potential outlook of the Euro flying like a rocket without risk holding the breaks and with the US, Japan and the UK happy devaluing for extended period of time while the EZ only assuming the cost. In simple words, is expressing the voice of small exports oriented EZ countries...

It is just a early warning in case euro start trending higher. Fundamentally (FA charts) not an issue until 1.369x (FA Strong Resistance)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #128,647
  • Jan 15, 2013 1:54pm Jan 15, 2013 1:54pm
i took some profit.. it would be normal for the ej to go back to 118.88 at some point, even if we have a st top here. so that woild allow the eu to go higher .. 3341 may be a place to look.. but 118.88 ej is 84 pips higher then atm.. and that may cause the eu 3368/73+
those who can, do. those who cant, talk about those who can
  • #128,648
  • Jan 15, 2013 1:55pm Jan 15, 2013 1:55pm
Quoting PayTheLimit
bastard....

I got it, did you?
  • #128,649
  • Jan 15, 2013 1:56pm Jan 15, 2013 1:56pm
Quoting gatorinla
cant overlook the ej that leads it, is now pointing 200 pips lower.
Well sure I was tracking EJ all day but if you check the intraday charts the EJ selloff earlier via the Yen not the Euro (another big comments from Japan Economy Minister) while the reaction to the last move in the euro was relatively small with only a retest of the prev lows and is forming a rejection in H4 for the roll.

EJ is a double play (yen and euro) while euro was only via the knee jerk reaction in the euro alone....As long as we hold break out points in both I want the news from Japan and the noise from the Euro settle down first before reassessing the TA in daily....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #128,650
  • Jan 15, 2013 2:56pm Jan 15, 2013 2:56pm
:00 PM The ECB needs to stop patting itself on the back, writes Ambrose Evans-Pritchard. The region remains in recession (to put it mildly), but the central bank - having taken a financial crisis off the table - seems to feel its work is done. "History may judge this to be a tragic policy error."
  • #128,651
  • Jan 15, 2013 3:13pm Jan 15, 2013 3:13pm
blood at the close
Disclaimer: Check your 1m charts
  • #128,652
  • Jan 15, 2013 4:13pm Jan 15, 2013 4:13pm
Quoting gatorinla
the eu is below 3341 with some 4 and 8 h closes. it has not hit the indicated min at 3270/72.. 3268 in another ( conservative 3278) .. all good w/o a hh... the ej will probably wait for the eu to reach target before higher. i shorted the ej 3 pips from the high and closed too early. 118.88 ej may be a place to (look) short,, if we bounce after eu hits.. basically a eu close in 4.5 h below 3347 is more bearish.. below 3341 is much stronger.
the ej may need 118.88.. this would pull the eu to 3341 and maybe more. now 12 and 24 h closes. done...
those who can, do. those who cant, talk about those who can
  • #128,653
  • Jan 15, 2013 4:42pm Jan 15, 2013 4:42pm
5:11 PM Deutsche Bank sees iron ore prices hitting $170/ton in coming weeks, thanks to continued restocking by Chinese steel mills in a tight market and the approaching wet season in Australia (the world’s biggest iron ore producer). But that’s as good as it gets, the firm says, as seasonality and weakness in other steelmaking ingredients sink prices back to the $120 price floor as the year progresses.
  • #128,654
  • Jan 15, 2013 5:04pm Jan 15, 2013 5:04pm
Quoting kill56
5:11 PM Deutsche Bank sees iron ore prices hitting $170/ton in coming weeks, thanks to continued restocking by Chinese steel mills in a tight market and the approaching wet season in Australia (the world’s biggest iron ore producer). But that’s as good as it gets, the firm says, as seasonality and weakness in other steelmaking ingredients sink prices back to the $120 price floor as the year progresses.
whats the reference to the wet season all about or relevance sorry
  • #128,655
  • Jan 15, 2013 5:08pm Jan 15, 2013 5:08pm
if your reading ken this song is just for you - ps couldnt give a fuk where you r as i know your well and most likely v busy - useless bastard !!!

www.youtube.com/watch?v=BLKDFKRTdlo
  • #128,656
  • Jan 15, 2013 8:56pm Jan 15, 2013 8:56pm
Quoting cohiba pips
if your reading ken this song is just for you - ps couldnt give a fuk where you r as i know your well and most likely v busy - useless bastard !!!


www.youtube.com/watch?v=BLKDFKRTdlo



I called the Bastard the other day, with no reply and left a mesg. Bro.....Hope all is well......He is addicted to this shit, like all of us, so I can't figure.......
  • #128,657
  • Jan 15, 2013 10:35pm Jan 15, 2013 10:35pm
morning..
Look Sharp/Trade Tight
  • #128,658
  • Jan 15, 2013 11:02pm Jan 15, 2013 11:02pm
wonder if EURGBP will bounce off of here for another push up, tempted to take some longs for a chance at 8374, despite yesterdays candle..
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Look Sharp/Trade Tight
  • #128,659
  • Jan 16, 2013 12:11am Jan 16, 2013 12:11am
Quoting kenfen69
Closed the lower one for +190ish. Remaining one at +210. Just wanted some New Year Green banked...

http://www.forexfactory.com/attachme...8&d=1357161425

Will look to add. 2590ish will start to have my eye...2615ish would be preferable.
Flat that...

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+350.

Bastards! All of ye!



WILD journey! Just in. Out again manana. All-nighter tonight.

Missed you guys something fierce...markets, too...and the bastards that (think they) drive them!

Hope everyone is well...and rich!!!
  • #128,660
  • Jan 16, 2013 12:21am Jan 16, 2013 12:21am
Quoting PayTheLimit
morning..


Tha fak happened since I've been gone?

Holy Euro!
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