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The Really Useless Thread

  • #130,561
  • Feb 13, 2013 12:09pm Feb 13, 2013 12:09pm
Have pound at yearly support so might help it's buddy euro up a bit

Quoting sisse
Watchout for Euro and YEN breaking high and Cable breaking low .... breaking G7 noise ..."no more interventions..." Bs (lol...sure thing)..but short term is a mover...

sisse
Disclaimer: Check your 1m charts
  • #130,562
  • Feb 13, 2013 12:28pm Feb 13, 2013 12:28pm
Quoting pipper
Have pound at yearly support so might help it's buddy euro up a bit
what target you set on longs ?

i think first 3390 we have to see. than up then down again
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  • #130,563
  • Feb 13, 2013 12:30pm Feb 13, 2013 12:30pm
hoping 3530 today
Quoting kbmoonshinex
what target you set on longs ?

i think first 3390 we have to see. than up then down again
Disclaimer: Check your 1m charts
  • #130,564
  • Feb 13, 2013 12:51pm Feb 13, 2013 12:51pm
Quoting pipper
Have pound at yearly support so might help it's buddy euro up a bit
It is such a big cliff in Sterling below these levels that it will carry not only Euro up but will also affect most markets across the world. YEN first and now Sterling are about to become the first casualties on the currency war .... big ??? and not really sure about the full implications if the breaks happens.

Playing with fire in monetary policy for such long time and such a big size without results it usually have devastating effects ... I hope not for the sake of the economy (for trading a panic move will be brilliant like usual...) but lets track both Yen and Sterling. They are trading Mega levels as you pointed out so at least a weekly close to tempt me...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,565
  • Feb 13, 2013 1:07pm Feb 13, 2013 1:07pm
Thinking Sterling will head lower definitely next month (maybe even last week of this month)

Quoting sisse
It is such a big cliff in Sterling below these levels that it will carry not only Euro up but will also affect most markets across the world. YEN first and now Sterling are about to become the first casualties on the currency war .... big ??? and not really sure about the full implications if the breaks happens.

Playing with fire in monetary policy for such long time and such a big size without results it usually have devastating effects ... I hope not for the sake of the economy (for trading a panic move will be brilliant like usual...) but...
Disclaimer: Check your 1m charts
  • #130,566
  • Feb 13, 2013 1:17pm Feb 13, 2013 1:17pm
well I've tried hard today but just can't find anything really interesting, think call it a week (with some alarm-bells at the extremes)...
Trade safe, see you next week
Don't be a hero. Don't have an ego. Always question yourself
  • #130,567
  • Feb 13, 2013 1:24pm Feb 13, 2013 1:24pm
Quoting pipper
Thinking Sterling will head lower definitely next month (maybe even last week of this month)
It's getting mixed up in some key markets intraday now. Euro, ES, DAX, CAC and GOLD forming wide intraday volatility ranges (euro and ES both just lost micro intraday floors leaving last low naked), Gold behaving while Cable and YEN in their own party flying high /collapsing low. We are cooking the next swing leg. The question is without major FA yet, if we are going for the norm on a retrace in equities leading first or we going for the currency war impact.

In my books direction is the same in both cases in most markets but volatility can widely vary... Tracking markets very very very closely now ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,568
  • Feb 13, 2013 1:24pm Feb 13, 2013 1:24pm
have a good weekend mate

Quoting USD-Bear
well I've tried hard today but just can't find anything really interesting, think call it a week (with some alarm-bells at the extremes)...
Trade safe, see you next week
Disclaimer: Check your 1m charts
  • #130,569
  • Feb 13, 2013 1:43pm Feb 13, 2013 1:43pm
time to concentrate on the champions league
Disclaimer: Check your 1m charts
  • #130,570
  • Feb 13, 2013 1:56pm Feb 13, 2013 1:56pm
quick glance at 10min needs a big move up on euro now or lower it seems again
Disclaimer: Check your 1m charts
  • #130,571
  • Feb 13, 2013 2:01pm Feb 13, 2013 2:01pm
Quoting sisse
Ok I see. Well for what is worth I have 1.435x but in Quarterly and Yearly charts and still locked and out of range so out of my trading scope for now...

In any case after the last moves, a quick update from last outlook. Still crumbs in some and trading very light across the board until next swing leg starts...meanwhile same levels, same outlooks, same all.



ES fighting hard to hold 1511.xx for a one more chance of [highlight]1517.xx/2x[/highlight] next week.[check]
Gold officially in a Daily double Break down now 1670.xx...

thanks... Especially with Lew keeping with americas strong dollar policy....HA....more printing to come
  • #130,572
  • Feb 13, 2013 2:33pm Feb 13, 2013 2:33pm
I just see a lot of shorters against the daily bar,

something i missed?
  • #130,573
  • Feb 13, 2013 2:49pm Feb 13, 2013 2:49pm
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  • #130,574
  • Feb 13, 2013 2:55pm Feb 13, 2013 2:55pm
the whole trading day

Quoting Larseg
I just see a lot of shorters against the daily bar,

something i missed?
Disclaimer: Check your 1m charts
  • #130,575
  • Feb 13, 2013 3:03pm Feb 13, 2013 3:03pm
Quoting _BBKing_
temporarily auto-suspended
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  • #130,576
  • Feb 13, 2013 4:06pm Feb 13, 2013 4:06pm
Strong bearish closes across the board. All main markets intrday aligned to the same side ... All eyes in currency war gossips, comments and preemptive actions...BOJ in full control overnight. It already crossed the line and made monetary policy a circus the last few weeks so expecting more Bs... Latest circus cases, EZ debt and Fiscal Cliff were costly only to be solved last minute after panic waves...BOJ and BOE playing with fire so getting ready to ride the pig....

GL all trading overnight...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,577
  • Feb 13, 2013 4:13pm Feb 13, 2013 4:13pm
Have another up day according to system Sisse so gambling on long for one more day (close above 353x tomorrow could lead to another up day but Friday could be the day for selloff i think

Quoting sisse
Strong bearish closes across the board. All main markets intrday aligned to the same side ... All eyes in currency war gossips, comments and preemptive actions...BOJ in full control overnight. It already crossed the line and made monetary policy a circus the last few weeks so expecting more Bs... Latest circus cases, EZ debt and Fiscal Cliff were costly only to be solved last minute after panic waves...BOJ and BOE playing with fire so getting ready to ride the pig....

GL all trading overnight...

sisse
Disclaimer: Check your 1m charts
  • #130,578
  • Feb 13, 2013 4:17pm Feb 13, 2013 4:17pm
Keep an eye on sterling new higher daily low 5526 vs yesterdays low. gone long for a few pounds
Disclaimer: Check your 1m charts
  • #130,579
  • Feb 13, 2013 4:34pm Feb 13, 2013 4:34pm
Quoting pipper
Have another up day according to system Sisse so gambling on long for one more day. Friday could be the day for selloff i think

I cannot argue against favouring the main trend especially without a technical reversal signal yet. I changed my outlook to neutral 2 and 3 weeks ago in most markets when we completed very early the quarterly ranges. I can only see the intrady lows and highs naked for a test (normal in neutral markets) but most markets very tired at the swing major highs but aligned intraday to test the intraday lows ...

I was also preferring (at least until today) a test of highs before anything else. We got it in the ES but not in the euro... I am Tracking closely for that next FA trigger short term but I cannot find anything yet so I'll play it by ear with TA until further info....

Gl ..and let see how it pans out this week....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #130,580
  • Feb 13, 2013 4:42pm Feb 13, 2013 4:42pm
thanks mate. i agree it's still risky. last week's M3 did it's job today so could bring it lower but going to stick with system. I use time in my method so hopefully, they'll not skew it. The current H4 bar will tell a lot. If 342x-3x area holds, it may provide an area to long

Quoting sisse
[/b]
I cannot argue against favouring the main trend especially without a technical reversal signal yet. I changed my outlook to neutral 2 and 3 weeks ago in most markets when we completed very early the quarterly ranges. I can only see the intrady lows and highs naked for a test (normal in neutral markets) but most markets very tired at the swing major highs but aligned intraday to test the intraday lows ...

I was also preferring (at least until today) a test of highs before anything else. We got it in the ES but not in the euro......
Disclaimer: Check your 1m charts
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