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The Really Useless Thread

  • #129,741
  • Jan 31, 2013 10:51am Jan 31, 2013 10:51am
Quoting gatorinla
anyone selling gold?

i hope sisse still holding too
  • #129,742
  • Jan 31, 2013 11:02am Jan 31, 2013 11:02am
Quoting Mr Hatch
I learnt that this is called the "Rule of Alternation". A v-shape directional change is mostly followed by a consolidating one on the next stop. Works on almost any tf.
What you mean with the next stop? the pullback of the v.shape or the next push after the v shape?

Quoting kill56
i hope sisse still holding too
I was about to post @ you about gold just 5 minutes ago ...

In any case, no mate. I am eating dirt ....was stopped out on the trailing yesterday by a tiny couple of ticks 168x right at the end of the pullback ... today have try the whole day for an entry but nothing so ....if it breaks down before NFP (I think it may) I will miss it.... Hope you can ride the swing to the end...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,743
  • Jan 31, 2013 11:03am Jan 31, 2013 11:03am
Quoting Mr Hatch
I learnt that this is called the "Rule of Alternation". A v-shape directional change is mostly followed by a consolidating one on the next stop. Works on almost any tf.


Hahaaaaa :-)

Hatchi has done his Elliott Wave homework :-)



Like that.


The rule of alternation, in fact, should be named guideline of alternation. Swannells statistical work on EW has shown, that most of the time (have to look for it, but when I do remember correctly 65-70%) we do have alternation, but not everytime :-)
  • #129,744
  • Jan 31, 2013 11:11am Jan 31, 2013 11:11am
Quoting sisse
What you mean with the next stop? the pullback of the v.shape or the next push after the v shape?



I was about to post @ you about gold just 5 minutes ago ...

In any case, no mate. I am eating dirt ....was stopped out on the trailing yesterday by a tiny couple of ticks 168x right at the end of the pullback ... today have try the whole day for an entry but nothing so ....if it breaks down before NFP (I think it may) I will miss it.... Hope you can ride the swing to the end...

sisse

dammm i thought u still holding , i remember u had 1682's and we hit 83's my SL was 89,s sorry bro

i have those levels i love this indi


a close below 56 will be nice and sexy
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  • #129,745
  • Jan 31, 2013 11:18am Jan 31, 2013 11:18am
Quoting kill56
dammm i thought u still holding , i remember u had 1682's and we hit 83's my SL was 89,s sorry bro

i have those levels i love this indi


a close below 56 will be nice and sexy
What u will do if gold hit 1300
  • #129,746
  • Jan 31, 2013 11:24am Jan 31, 2013 11:24am
Quoting kill56
dammm i thought u still holding , i remember u had 1682's and we hit 83's my SL was 89,s sorry bro

i have those levels i love this indi

a close below 56 will be nice and sexy
Yeap that's momentum line to final target in my charts too....

Quoting egkid
What u will do if gold hit 1300
Close my eyes and blindly fully load longs with max leverage ....it will be prolly one of the biggest retraces in +100 years and in real terms it will put gold price below par in inflation (which I don't think we have seen it in our lifetime) ..in simple words I will become a perma bull buying value in gold (which historicallly is an oxymoron )

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,747
  • Jan 31, 2013 11:29am Jan 31, 2013 11:29am
Quoting egkid
What u will do if gold hit 1300
bro i will buy u a khanzera


how u been hope all safe
  • #129,748
  • Jan 31, 2013 11:32am Jan 31, 2013 11:32am
Quoting sisse
Yeap that's momentum line to final target in my charts too....



Close my eyes and blindly fully load longs with max leverage ....it will be prolly one of the biggest retraces in +100 years and in real terms it will put gold price below par in inflation (which I don't think we have seen it in our lifetime) ..in simple words I will become a perma bull buying value in gold (which historicallly is an oxymoron )

sisse
Then B ready for that
It's clear on weekly - weekly in down trend and all up move correction
promise u it will
: view rights reserved for egkid LOL
  • #129,749
  • Jan 31, 2013 11:36am Jan 31, 2013 11:36am
Quoting kill56
bro i will buy u a khanzera


how u been hope all safe
LOL promise ?
  • #129,750
  • Jan 31, 2013 11:39am Jan 31, 2013 11:39am
Quoting egkid
LOL promise ?
cross my heart
  • #129,751
  • Jan 31, 2013 11:48am Jan 31, 2013 11:48am
Quoting egkid
Then B ready for that
It's clear on weekly - weekly in down trend and all up move correction
promise u it will
: view rights reserved for egkid LOL
It has to pass through to the STEEL FA and Major Q/M/W Support 1560.x first. Including US fiscal/debt mumbojumbo kicked down the road to next couple of months, Spain defaulting/bailout in March, Equities breaking all time highs and Treasuries forming a bottom and more importantly Gold need to hold inflation of the massive ending QE's not only in the US but in every single major economy later this year .....

So if it doesn't break a Q/M level quickly (next couple of weeks) I think we may have to wait for a few more quarters. Don't get me wrong I see what you mean chartwise (more in monthly rather than weekly which is only important for timing in this case) but in a 150 years uptrend calling a top make me think more than twice ...

In any case, let's go in order, so first the first and let see if we can complete this swing first to 159x..

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,752
  • Jan 31, 2013 12:07pm Jan 31, 2013 12:07pm
Quoting sisse
It has to pass through to the STEEL FA and Major Q/M/W Support 1560.x first. Including US fiscal/debt mumbojumbo kicked down the road to next couple of months, Spain defaulting/bailout in March, Equities breaking all time highs and Treasuries forming a bottom and more importantly Gold need to hold inflation of the massive ending QE's not only in the US but in every single major economy later this year .....

So if it doesn't break a Q/M level quickly (next couple of weeks) I think we may have to wait for a few more quarters. Don't get...
I only tell what my chart says Clearly to me
But for now Gold still in correction to up and 1700 still possible

Gold will finish this correction to up when e/u hit the top and US$ start to buy from big player again "At that time u will find all thread says us$ shit
and making a joke about it and some calling e/u for 1.60"

Any way
For e/u i wait to see weekly close above 1.36 then up - under 1.36 big drop will come as correction.
  • #129,753
  • Edited 12:39pm Jan 31, 2013 12:29pm | Edited 12:39pm
Quoting egkid
I only tell what my chart says Clearly to me
But for now Gold still in correction to up and 1700 still possible

Gold will finish this correction to up when e/u hit the top and US$ start to buy from big player again "At that time u will find all thread says us$ shit
and making a joke about it and some calling e/u for 1.60"

Any way
For e/u i wait to see weekly close above 1.36 then up - under 1.36 big drop will come as correction.

i dont know bro but i think fiber is topish , we might see a spike to 3750's but that should cap this move up thats if we go up their ,i think we will range between 13000-13500 for a long time we might even see some 1200's , might be wrong

one more thing we might see 14000 but it needs a lot of viagra and i dont think hatchy have the mojo to do it he is too old for that shitt


on gold i love the daily average $20 its so sweet and some times with news we have $40-50 soo dam pinkish
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  • #129,754
  • Jan 31, 2013 12:48pm Jan 31, 2013 12:48pm
Quoting egkid
I only tell what my chart says Clearly to me
But for now Gold still in correction to up and 1700 still possible

Gold will finish this correction to up when e/u hit the top and US$ start to buy from big player again "At that time u will find all thread says us$ shit
and making a joke about it and some calling e/u for 1.60"

Any way
For e/u i wait to see weekly close above 1.36 then up - under 1.36 big drop will come as correction.
We all do... that's why I dare to say (and against the majority in FF) that reading charts can be by far more subjective than macro fundamentals (the real ones). A interest rate hike is a hike and in quantifiable number,etc ... the interpretation and actions of our FIBs, retrace, S and R / candle formation, indicator or voodoo doll to forecast a trade ....is like beauty... only in the eye of the beholder ....

In any case, l think we have +/- the same view on chart but we may differ in timing and that Fundamentals need to break down a level like that ...like it or not ...that's how those major levels play out ...otherwise most of the extension in currencies will lead to 0 or to some ridiculous high numbers in equities in some cases.. market sadly for us is still dependent on supply and demand factors that are beyond our speculative tools...

Let see how it goes...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,755
  • Jan 31, 2013 12:56pm Jan 31, 2013 12:56pm
Quoting sisse
We all do... that's why I dare to say (and against the majority in FF) that reading charts can be by far more subjective than macro fundamentals (the real ones). A interest rate hike is a hike and in quantifiable number,etc ... the interpretation and actions of our FIBs, retrace, S and R / candle formation, indicator or voodoo doll to forecast a trade ....is like beauty... only in the eye of the beholder ....

In any case, l think we have +/- the same view on chart but we may differ in timing and that Fundamentals need to break...


bro simple big ass's buyers and sellers and they leave us the crumbs for us we need to know how they think , fundy's still the king and eye on the chart ears on news . oh shitt i am high might be wrong
  • #129,756
  • Jan 31, 2013 1:38pm Jan 31, 2013 1:38pm
Quoting kill56


bro simple big ass's buyers and sellers and they leave us the crumbs for us we need to know how they think , fundy's still the king and eye on the chart ears on news . oh shitt i am high might be wrong
Second round of M closes completed. Important levels/outlooks update

So far we have DAX breaking highs confirmed, there is just all time highs left. Above just "magic" numbers as there is no more S/R trading. 887x and beyond opened for this year (not tradable longs at the current levels) . Only one possible retrace and is very tradable in M is fading 7600.xx to 701x (which is the long play of the year if it happens) with weekly combo whenever it triggers for Q1 and Q2 but it looks closer than it appears if you get a bad NFP tomorrow and the bastard take profit on the highs.

CAC also breaking highs with reversal up in play in Q but in this case we still have some room left to final target 384x (which I don't like as is not aligned with all others). That level also fadable to 341x.

GOLD held 169x confirming final target to 159x but stuck in major chop zone since last year so no break no shake and fading the bottom of the range (157x/159x) have priority Q1/Q2 until further data.

The most important one is OIL breaking 96,1x and opening 104.xx. The major swing down I am tracking with the 96.1x trigger failed. Must wait for later so keeping neutral outlook until further info.

The rest are still open but only a last minute surprise will avoid further break in ES, YM and Euro. Treasuries flirting with a mid term reversal but still not there yet but this is the one to follow in the next few weeks/months for the major swings across the board ...

Yen pair and crosses flying to the moon and all in massive breaks. EJ marking a key mid term reversal in one clean sweep. Cable the ugly duckling (with as much lack of north as the UK economic policy ) holding the compression range so no break no shake ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,757
  • Jan 31, 2013 2:25pm Jan 31, 2013 2:25pm
chancing a risky sell
Disclaimer: Check your 1m charts
  • #129,758
  • Jan 31, 2013 2:31pm Jan 31, 2013 2:31pm
Quoting pipper
chancing a risky sell
in?
Don't be a hero. Don't have an ego. Always question yourself
  • #129,759
  • Jan 31, 2013 2:41pm Jan 31, 2013 2:41pm
Quoting pipper
chancing a risky sell
Don't let them suck you in on the M roll...why not u just wait a few minutes till NY close.... S&P 1497 for NFP reference tomorrow (above is + NFP to a new leg up 1522) meaning euro will just hold and move up as collateral ......my 2 cents

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #129,760
  • Jan 31, 2013 2:42pm Jan 31, 2013 2:42pm
Eu mate

Quoting USD-Bear
in?
Disclaimer: Check your 1m charts
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