The Really Useless Thread

Yeap, it did. It mercy seat's fault... he reports anything he doesn't contend with to get it cleaned up... a bit more of this bullshit and he basically owns this place.

Looks like the weekly counter retrace to the north should be done too. I was looking at 3144 min. I got 3133 on this weeks high. Close enough? I usually allow around a 30 pip proximity on the weekly... But it makes things not quite as clear.

love the bitch gold from LL to HH the bitch can dance

es and dow losing some steam

ES held the break up on the opening range. Euro cleared weak bulls and momentum faded when equities found support. Stuck in wide chop zone (@ Hatch at the end as expected you didn't miss "any" move yesterday)... day can be over as soon as Europe goes home.

sisse

some thoughts. what you guys think ?

Looks nice for the swing ...except for the lacking FA trigger yet and therefore the potential +/- 400 ticks whipsaw if S fails to hold .... GL with the trigger and timing if you decide to take it...

sisse

And that was the strong bear bias the last few days .... Italy downgraded as it was rumoured early this week...

Changing outlook in the Euro from Neutral to cautious Buy with a Weekly/Daily roll combo above 1.301x... On equities no change until all all times highs are completed. Tracking gold on 157x to start looking for a potential long with the weekly/daily combo too...

Closing day with the next H4 if we don't break lows in Euro and ES.

sisse

drop coming in next half hour could be inverse head

2938 might give some trouble

Don't understand... what do you mean?

sisse

waiting for the plunge on the 8hr

so true:

Trading is NOT Real Life


In our Anglo-Saxon, Cartesian driven advanced industrialized world, facts rule. Whether you are a Google engineer, a designer for Apple or just a regular joe schmoe -- your life is governed by the physical reality of the world around you. As Nate Silver proved with his 2012 election call knowledge of facts is what separates winners from losers in modern society. (Are you listening Dick Morris?)



Not so in trading. In trading facts don't matter at all. There is nothing more amusing than watching an earnest well reasoned analyst provide a thorough factual argument for his position only watch that position lose money day after day after day. This is such a common occurrence across all asset classes that almost every investor makes the same mistake.

The reason is simple. In financial markets we don't trade facts, we trade feelings. And feelings as every parent of a teenager knows, can change on a dime. That's why when you approach financial markets you must never allow facts to get in the way of making you money. As the great Richard Pryor once said, "Who you gonna believe? Me or your lying eyes?"

It is incredibly easy to get married to your thesis when you trade. After all in real life we are taught to stick to our guns, to hold our convictions, especially when we have the facts on our side. But trading is not real life. In fact it is often the opposite. In real life we are taught to be industrious, faithful and reflective. In trading it helps to be mercenary, promiscuous and instinctive.

In trading nobody cares if you were right about US NFP figures. Nobody cares if your US growth thesis was correct. The only thing that matters in the end is whether your analysis led to a profitable trade. If it did, good job. If it didn't change your analysis -- don't try to change the market. As I have said a million times when price disagrees with the news -trust price.

Remember in the financial market you can be 100% intellectually correct and still lose all of your money. That's because in trading you only make money when the market -- not the facts -- agree with you. To win in trading never let facts stand in the way of feelings. And remember, this ain't real life, its just trading.

Never mind your NFP, QE or not QE? That is the question...

...Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles, And by opposing end them? or just print a shit load of cash out of thin air...

so fibre and cable get toasted once again... enough to reassert the down trend? or just a test of a new base of support range??? as for Abercrombie and Fitch downgrading Italy's credit status, market doesn't really seem to give a flying fuck...

Personally i'm waiting for the Equifax verdict...

SP500


Sentiment data

Attachment



Bullish investors are all over the place with very high readings now. All what is missing now, is some day/week with really high volume within an upmove (stopping volume) to make me think, that we are really within the reach of an end of uptrend.


But on the other side: look at the following weekly chart at volume - volume over the last few years has gotten abysmal small - so I ask myself: what do I expect LOL

Attachment

SP 500 Murrey Math


upside targets:


monthly:

1562-1625



weekly:

1562 - 1593 -1609



daily:


1562 - 1578 - 1594 - 1609 - 1625


1562 to 1578 is not only my ideal Murrey Math target now but also a very good fib-target

SP 500


near term count - exactly mine

http://www.wavaholic.com/2013/03/spx...liott+Waves%29



long term count


Attachment

Danerics analysis of yield curves


so true...


http://danericselliottwaves.blogspot...arch-2013.html

nose dive

still scalping,,, sediment wise, i am against most until we pullback. apple screwed me last year after 493, it continued north before norm.. i kinda think, apple was rare. anyway right or wrong this is posted before any signs of any pullback according to momentum... pa wise w/o indies. i have us overbought using 2009 pa. that dont mean it will drop tomorrow or in the next month.. or ever.... still scalping myself.. eu is still in the chop..

the chart is the dow... s/p is in the same boat..

EA D1

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