The Really Useless Thread

30m left.. we have a valid cross for bulls. we are at 3480 atm.. if we close 3460 or less in 30m. then bears have a toe in the door.

Summary: 2 pending orders???

coffee and viagra...

thus far, bears have failed. to retake with close. if they do any time now with closes below 3560 before 3539.9... then they have a toe below, and bulls have to start the mofu takeover all over. or we drop. the bulls have the ball..

yep, 2 pending orders...
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filled...

12:30 PM Three lunchtime reads:
1) Bernanke seen buying $1.14T in assets in 2014
2) Chasing the yen to 100
3) Taking advantage of cheap VIX

still chewing the cud to 35

IMHO, knowing your style and skills, You will thrive "swinging" and get a lot better bang for the buck and risk this year ..... best of luck and welcome to the group ...

In a break down? ..break 1.536x opens a test of last lows 1.350x and rather quickly 1.445x (all major Tfs btw).

If you have been following the latest Cable conversation with Hatch and other you can see that my main problem is that the mid term FA is bullish to 1.93xx (yes 1.93!!!) because of inflation and interest rate differentials ..in simple words break up on the compression range to test last break out until Q3/Q4 2013 first and after is all "doom" for Cable but this part is for a very very very long term and not even open yet.

But as you saw lately the UK has become a complete disaster, posting poor numbers, downgrade on sight, BOE printing and QEing talk like a mad cow with dollar happy getting hammered across the board (devaluing/currency war/whatever you want to call it) and to put the cherry on top they bought a free uncertainty ticket that is going to start weighting heavier in the mid term...

While Hatch and some others (with Gator we have had this discussion of a break 1.536x the last 2 years...still without a winner :}) are betting or taking for granted the break down of the compression range, I haven't because of the FA I mention plus the untested massive break out (as you know nothing continue in one direction when panic/manic momentum starts a move) ...however and to be honest with you I am starting to have my doubts that those short term FA will trigger first ...

As long as the compression range is holding I am short term Neutral and mid term Bullish but not trigger shy at all to take a break of the range in any direction...

sisse

Last push before sell off towards NY close

lots of things happening where we are. 3484 3490 3497 3510.x... its not a done deal..

No hourly close above 50 retracement level yet. Worth a short for possible monthly selloff lower if pass 338x. Wondering if they'll pull a fast stop grabber at 3505-10

Just been looking at other hammer monthly candles like current one

February 2008 - 800 pip candle
January 2011 - 900 pip candle

that's grotesque, what if the fart was a little bit of a shart as well??

it is.. u dont smell farts. u taste them. smell is taste.

where did you get those details from ptl?

nose is located above the mouth so it can detect bad food before you eat it... evolutionary fact...

barrier fight in e/u appears to be in full effect...

options guy, he gawn...

ally b, she hawtt...

so i only have daily pivots above here to play against, so going back over gator's posts...

1st stop 18, although already faded 3515 for a scalp, entry just based on split second momentum change, comes from thousands of hours of m1 chart study and is not recommended for newbs... v dangerous to fade momentum moves...

edit- wr1 @ 39 if and when...

consolidation here, so fancy a penetration thru' 18 on any break higher, let's see...

Frankfurt take care of your barrier 1.350x....

Only monthly levels in play (mentioned ysterday post)... Nothing to do in euro and equities if you didn't load/reload or clear until yesterday. Gold in full control for today FED. A break down 1650 with FOMC/GDP will open final target 159x.x. . The next few days also tracking closely Treasuries as they are starting to show strong bottoming signs that like always will mark the next macro swings across the board....

There is the 1st decent auction this year in the EZ (the good ones come later in February and March) too, expecting better than expected results. Lots of news the next few hours with expectations aligned poistive with monthly/weekly combo in play. Given the TA levels across the board, If everything goes as expected is a direct relation this time "buy the news sell the rolls" in play ...

Lots of air in most markets above/below the current levels so only top and bottom pickers will blindly jump in until the news ... Enough fuel in play for decent moves so active next few sessions expected

For this session that can fade relativity quick given important ADP/GDP/FOMC combo later, DAX need to breach highs (787x), euro trading air above 1.347x and needs to hold the micro break 1.351x in h4 from the tiny stops run to attempt any further momentum up.

sisse