The Really Useless Thread

cheers Bear , yeah - saw your post , was wondering whether you were still in it

yes still holding from 1.0550 and 60, closing today below 1.0485 would give me a bit confidence to sit it out....

http://www.forexfactory.com/nfs/cust...ar84527_42.gif gatorinla
what if your wrong? can you fix it?
Member Since Oct 2008

38,340 Posts

Posted by gatorinla
anyway if and when it does, if the yen is still weak.. the gy may be a better long then the ej.. and if the yen is strong.. the ej the better short with 1.2131 a yr1.. that's about 110 pips higher on the ej then today's high. or 70 pips higher then this years high..

all looks bearish atm on the gbp. but weakness of the bear should not be ignored. i just closed a gbp short and look to reload at weakness maybe 1.6075ish atm at 1.5758

getting closer, just a area to look. if the eu still holds.

.

I was very drunk, very cold...and very confused. I though it was someone else!

notty notyy notty no next shitt for ya

morning...

not seeing to many interesting levels right now, AUD near some support now...

a few I consider in GBPCHF below here..

and the pound...

bbl, gl, PTfL...

another positive german number, if this keeps up, then 1.50 by the summer???

okay big ask, by year's end then...

more pressingly, 1.3485 by week's close??? struggling to get above strong murray @ 3430 atm...

Japan earlier and now slightly better than expected news from Germany carrying equities to run the highs. DAX leading the move this morning and fresh intraday break of highs in a exhaustion move so let it go in air until it finds a top ...euro just moving as collateral.

Decided to clear 1.344x target a dozen ticks before resistance because of the exhaustion move in Dax (don't be a dick for tick environment) . Weekly and Daily final targets completed. Only one level open for the Quarterly outlook. Trailing remaining without much expectations as the juice of the move is gone and correlated markets are starting to turn around leaving the euro without the extra fuel.

4th Q outlook update from Jan 7th ,10th & 11th.

1. Quarterly:
   1. Rejection of swing low almost completed. The "easy" part of the move is gone. Strong 1.296x is now key support for continuation to strong 1.334x. 1.318x is momentum line to the top side to 1.334x. [highlight]Only a break of this level will open 1.365x extension this Quarter in a clean fast in and out move.[/highlight]
      
   2. Q loading area, fadable with weekly for the move up first is at 1.296x (with max overshoot 1.288x). A break below with ECB cutting rates will cause collateral damage in the pullback and it will need reassessment of the levels. [Last level in play]
      

2. Monthly:
   1. Reversal from August/September completing the leg now we need to find a top. Same 1.296x fadable to 1.318x and 1.334x. Above that is out of the monthly range. Nothing tradable in this timeframe to the short side. Only if ECB decide to cut rates will have something in play for later.
      
   2. The decent and with the trend trade comes on the break back 1.318x but needs to clear ECB (no cut this month otherwise is no no)/this week to have the play this month...otherwise will be delayed for next month.[check]

3. [highlight]Weekly:[/highlight]
   1. Uptrend holding and retrace wave is losing steam. Only a clean break with some FA will extend the pullback (it can extend as low as 1.268x without invalidating the uptrend). Chop looks closer than continuation but like always in trading chop zone in uptrend/dowtrend is loading time. 1.297x and 1.288x key levels to track for a rejection to [highlight]1.346x[/highlight] max target with intermediate stops at 1.318x and 1.335x.[check]
      

4. [highlight]Daily:[/highlight]
   1. Entering in consolidation mode. A test 1.297x and/or rejection of daily swing low at this levels open a good long swing to [highlight]1.347x [/highlight]with multiple stops in the noisy 1.309x, and after 1.334x. Lots of Support and noise below 1.297x until 1.288x so nothing tradable (r:r) in this chart there until a break below.[check]

5. Intraday
   1. Bottoming after the selloff last week. 1.300x key level for a rejection for longs. 1.297x naked and open for a test but untradable in my books at the current levels (1.302x) . Only early trapped bulls can trigger a run to 1.288x but the real deal is to the other side. We are set for a wide chop zone intraday until ECB. [check 99%: bottom failed by 12 ticks]

Jon ‏@Fibbin_Archie $EURUSD Feb 2012 peak now just a stone's throw away...

intraday/week pivots coming in at 3457 and 3473, if we can break higher from here... bear in mind that eur has already gained 70 pips against usd on the day since the european open...

Good that I waited...

Stupid move to open the charts

It just ruined my long weekend ..well almost

just buy it and forget it

yup.....11828 was the perfect entry


oh boy...hindsight is a wonderful gift