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The Really Useless Thread

  • #129,601
  • Jan 29, 2013 10:04am Jan 29, 2013 10:04am
Quoting Mr Hatch
I am flat for a week now and just watched it eat away at support. The bounce I hoped for never happened, and I will take a look at today's candle to decide what I am going to do next.
I was a bit tempted to nibble at 5766...
Oh well ... it was good enough but still you have to pay the round for the thread ....

The thing is the move is pure Sterling weakness with zero dollar strength ... I wonder what will happen if both sides align in the next few weeks...we may break the compression range and there is lots of juice (prolly the most potential powerful move across FX this year) ... I keep tracking very closely cable as I don't want to miss that break ...


Quoting gatorinla
that was a Long.. 3327 w/o breaking 325x low..
I know but asking that if you have changed your mind on loading longs there (if tested)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,602
  • Jan 29, 2013 10:12am Jan 29, 2013 10:12am
Quoting Gleneagles
No trades on EU today


EY beats/swings are 2 X bigger @ 40 pips/beat

Bounce after 3 beats down retraced the total 120 pip downswing

Like the good ole EU days

Standing aside for the day/ maybe the week
took 3 trades and all were wrong. trying to figure out what i was thinking now. obviously i wasn't thinking

back to the drawing board
  • #129,603
  • Jan 29, 2013 10:15am Jan 29, 2013 10:15am
Quoting sisse
Oh well ... it was good enough but still you have to pay the round for the thread ....

The thing is the move is pure Sterling weakness with zero dollar strength ... I wonder what will happen if both sides align in the next few weeks...we may break the compression range and there is lots of juice (prolly the most potential powerful move across FX this year) ... I keep tracking very closely cable as I don't want to miss that break ...




I know but asking that if you have changed your mind on loading longs there (if tested)

sisse
good question.. if this short i got atm works. its not a bad place to be. close it and go long near 3327/325x? or hold it.. i dont have an answer atm..after nfp it may be clearer
those who can, do. those who cant, talk about those who can
  • #129,604
  • Jan 29, 2013 10:21am Jan 29, 2013 10:21am
Quoting AllyB
took 3 trades and all were wrong. trying to figure out what i was thinking now. obviously i wasn't thinking

back to the drawing board

EU or EY?
" Never let the past hold the future to ransom "
  • #129,605
  • Jan 29, 2013 10:22am Jan 29, 2013 10:22am
sissy the trade for 3327 has a target at 3539/40.. this s atm is against it.. because of the R indicated here. i was waiting for 3327 because its normal to go there before 3539.. i am hoping the R steers it there. 3539 is much smaller then 3490 was to me, as in tf wise.
those who can, do. those who cant, talk about those who can
  • #129,606
  • Jan 29, 2013 10:24am Jan 29, 2013 10:24am
Quoting Gleneagles
EU or EY?
1 EU
2 EJ
  • #129,607
  • Jan 29, 2013 10:28am Jan 29, 2013 10:28am
Quoting gatorinla
good question.. if this short i got atm works. its not a bad place to be. close it and go long near 3327/325x? or hold it.. i dont have an answer atm..after nfp it may be clearer
Ok I see ...

Definitively not a bad place to be for a long tern level, however, not sure about timing ... I am betting on a exhaustion move in major TFs to allow everybody (big bastards I am talking about not intraday) to clear out longs and then we can see ...as you said M/W rolls with FED/FOMC will open new maps....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,608
  • Jan 29, 2013 10:32am Jan 29, 2013 10:32am
oops someone farted
those who can, do. those who cant, talk about those who can
  • #129,609
  • Jan 29, 2013 10:35am Jan 29, 2013 10:35am
Quoting AllyB
1 EU
2 EJ
EU filled 4 X 20

EY filled 3 x 40

maybe an idea is to trade one only?
" Never let the past hold the future to ransom "
  • #129,610
  • Jan 29, 2013 10:35am Jan 29, 2013 10:35am
Quoting Gleneagles
EU or EY?
course hindsight shows me exactly what i did wrong ... documented idiot trades, did keep losses small so let's have a better day tomorrow. humbling for sure
  • #129,611
  • Jan 29, 2013 10:37am Jan 29, 2013 10:37am
Quoting Gleneagles
EU filled 4 X 20

EY filled 3 x 40

maybe an idea is to trade one only?
i was thinking the same thing
  • #129,612
  • Jan 29, 2013 10:39am Jan 29, 2013 10:39am
Quoting AllyB
course hindsight shows me exactly what i did wrong ... documented idiot trades, did keep losses small so let's have a better day tomorrow. humbling for sure
the beauty of dustbins , always opportunities ahead
" Never let the past hold the future to ransom "
  • #129,613
  • Jan 29, 2013 10:43am Jan 29, 2013 10:43am
Inserted Video
those who can, do. those who cant, talk about those who can
  • #129,614
  • Jan 29, 2013 10:45am Jan 29, 2013 10:45am
Quoting sisse
Oh well ... it was good enough but still you have to pay the round for the thread ....

The thing is the move is pure Sterling weakness with zero dollar strength ... I wonder what will happen if both sides align in the next few weeks...we may break the compression range and there is lots of juice (prolly the most potential powerful move across FX this year) ... I keep tracking very closely cable as I don't want to miss that break ...


sisse
So do I... Even if we miss further downside now, it doesn't matter from my point of view. A bounce will happen, I don't have any charts open, but just do the math to get a decent retracement level. PTL had a long in mind at 59xx, close to 5900 if I remember that correctly, when I said that this level could very well be the retracement resistance on the bounce from further down. Whether the 1st downside target is 54xx, or Gator's number even further down, it doesn't matter. It can be the inflection point for a strong sell-off.

I became careful and patient, which has paid so far. You always said - in the thread or in private - that "if H4/daily aligns" there is much time to enter/decide/rethink... I constantly over-read that, until the end of last year.
  • #129,615
  • Jan 29, 2013 10:45am Jan 29, 2013 10:45am
Quoting gatorinla
https://www.youtube.com/watch?v=UVWib4w1jw0
that's gross...
  • #129,616
  • Jan 29, 2013 10:55am Jan 29, 2013 10:55am
Quoting Gleneagles
the beauty of dustbins , always opportunities ahead


You always want to be able to come back and play the next day and
Make the same type of trades over and over again. Be a bricklayer are 2 of my favorite rules
  • #129,617
  • Jan 29, 2013 10:58am Jan 29, 2013 10:58am
Quoting gatorinla
thats all we can do.
i know it has reached a indicated pa target at 3490.9.. these usually provide some R. since its a bigger one. it may be a decent r. watching isn't a bad thing.


Have a target zone of 3505 to 3530 right now (EW-wise, Murrey math, fib-wise)
  • #129,618
  • Jan 29, 2013 11:02am Jan 29, 2013 11:02am
Quoting Mr Hatch
I am flat for a week now and just watched it eat away at support. The bounce I hoped for never happened, and I will take a look at today's candle to decide what I am going to do next.
I was a bit tempted to nibble at 5766...
Have an ideal target zone of 5838 to 5869, before downward movement will resume; we are now recharging momentum to break the lower boundary of the big triangle
  • #129,619
  • Jan 29, 2013 11:08am Jan 29, 2013 11:08am
Quoting infinitus
Have an ideal target zone of 5838 to 5869, before downward movement will resume; we are now recharging momentum to break the lower boundary of the big triangle
This view is invalidated with movement above 6008 on daily chart


Even then it is possible, that we are building a leading diagonal to the lower side (so we may allow overlap of wave 1 and 4).


Watch momentum in the 5838 to 5869 target zone
  • #129,620
  • Jan 29, 2013 11:15am Jan 29, 2013 11:15am
Quoting sisse
Oh well ... it was good enough but still you have to pay the round for the thread ....

The thing is the move is pure Sterling weakness with zero dollar strength ... I wonder what will happen if both sides align in the next few weeks...we may break the compression range and there is lots of juice (prolly the most potential powerful move across FX this year) ... I keep tracking very closely cable as I don't want to miss that break ...




I know but asking that if you have changed your mind on loading longs there (if tested)

sisse...
what do u have in mind? here 49's even more, for now 54's is cool
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