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The Really Useless Thread

  • #131,841
  • Mar 20, 2013 12:47am Mar 20, 2013 12:47am
Just watch out for 2909 being a lower mofu, next to other things it disguises atm.

But as mentioned yesterday, we didn't cross the 2977->2936 mofu in a single candle, so we can go back there and it's FOMC-day.

You see, I have no clue what is going on...
  • #131,842
  • Mar 20, 2013 12:53am Mar 20, 2013 12:53am
Quoting Gleneagles
Looking to take a quick 30/40 pips
looking to get a cup of coffee ... black will be fine
  • #131,843
  • Mar 20, 2013 12:56am Mar 20, 2013 12:56am
Quoting Mr Hatch
Just watch out for 2909 being a lower mofu, next to other things it disguises atm.

But as mentioned yesterday, we didn't cross the 2977->2936 mofu in a single candle, so we can go back there and it's FOMC-day.

You see, I have no clue what is going on...

Most of the time I have no clue either

It is a positive because I am not very clever (dumb?)

To overcome that handicap I just trade what I see (up = long) (down=short)
" Never let the past hold the future to ransom "
  • #131,844
  • Mar 20, 2013 12:58am Mar 20, 2013 12:58am
Quoting AllyB
looking to get a cup of coffee ... black will be fine
howdy...

make it a double and keep an eye on correlation

not expecting a huge range before FOMC but rumors, news and speculation may change that
" Never let the past hold the future to ransom "
  • #131,845
  • Mar 20, 2013 1:02am Mar 20, 2013 1:02am
Quoting Gleneagles
howdy...

make it a double and keep an eye on correlation

not expecting a huge range before FOMC but rumors, news and speculation may change that
i got one eye that can do that ... trying to use both eyes makes things a bit blurry but the coffee ought to correct that
  • #131,846
  • Mar 20, 2013 1:04am Mar 20, 2013 1:04am
Quoting Gleneagles
Most of the time I have no clue either

It is a positive because I am not very clever (dumb?)

To overcome that handicap I just trade what I see (up = long) (down=short)
I'm just saying, because that spike yesterday already hit the mid.
  • #131,847
  • Mar 20, 2013 1:17am Mar 20, 2013 1:17am
Quoting Mr Hatch
I'm just saying, because that spike yesterday already hit the mid.
.....now I am the only one left that does not have a clue

life is a bitch
" Never let the past hold the future to ransom "
  • #131,848
  • Mar 20, 2013 1:21am Mar 20, 2013 1:21am
Quoting Mr Hatch
I'm just saying, because that spike yesterday already hit the mid.
i have 2907 as a ass level also
  • #131,849
  • Mar 20, 2013 1:21am Mar 20, 2013 1:21am
Quoting Gleneagles
.....now I am the only one left that does not have a clue

life is a bitch
oh no ... you have plenty of company
  • #131,850
  • Mar 20, 2013 1:24am Mar 20, 2013 1:24am
Quoting sisse
Major break in play (also in Q if break hold 1,533x). Hammered 1/2 on purpose by the BOE (a.k.a currency war ....artificially devaluing Sterling to try squeeze some pennies from their European counterparts) and 1/2 everything upside down macroeconomic wise. Highest inflation in Europe, High unemployment, Austerity without expected result, poor manufacturing and services numbers and to put the cherry on top Osborn will fail again to meet deficit target (unbelievable really).

So a dark cloud there. 1.44xx naked mid term. Only dollar via FED can...
thanks...

btw, why do you keep talking about the Q ? What does it stand for ? Quarter ? And why is the quarter close so important ?
  • #131,851
  • Mar 20, 2013 1:24am Mar 20, 2013 1:24am
Quoting Gleneagles
.....now I am the only one left that does not have a clue

life is a bitch
The thread could be renamed to "The Really Clueless Thread".
  • #131,852
  • Mar 20, 2013 1:28am Mar 20, 2013 1:28am
Quoting Mr Hatch
The thread could be renamed to "The Really Clueless Thread".

now that is a very clever suggestion
" Never let the past hold the future to ransom "
  • #131,853
  • Mar 20, 2013 1:44am Mar 20, 2013 1:44am
Quoting stewrigh
Nigel thinks you should get your money out of EZ - Germany is waking up!
!
lol mate ...are you in spreading panic mode the last few days like Nigel? ... lol just kidding ...

""do not invest anywhere in the EZ""... wow great that sounds very helpful for everybody ......"The taxpayer is bailing out all the banks in the EZ". As RBS, and half of its friends are not owned by the taxpayer here... blind leading the blind?....and btw I would take money from the UK first before Germany (Better tell Nigel that a triple AAA is always better as a haven)

If this guy would expend only 1/4 of his time and a 1/10th of this passion talking but the UK economic problems instead of thrashing and blaming everybody else for the UK internal problems ....the UK maybe we will be in a lot better shape ...but hey he will get 3/4 less of the votes too so .... I understand the guy ...election are coming soon so he has to do his job.

In any case, talking about UK, triple dip to be confirmed today and again Osborn to announce failure to meet the deficit target after all the cuts and more cuts coming. Tracking Sterling very closely for a continuation down (cable current 1.505x).

Obviously all eyes on FOMC. Levels to track for the European / pre news session only are crystal clear for the intraday session. 1.293x in Euro 162x Gold, Oil 91.1x, DAX 8000, and ES the naked all time highs ... All key markets inside extremes of the swing ranges and all in need of a further break for more momentum...only FED can decide the break or fade short term today....

Let see how it goes

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,854
  • Mar 20, 2013 1:46am Mar 20, 2013 1:46am
+40

first dustbin level hit

not expecting another level to be filled at this stage with EU stalling around 2900
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Mar. 20 10.42.jpg Size: 78 KB
" Never let the past hold the future to ransom "
  • #131,855
  • Mar 20, 2013 1:51am Mar 20, 2013 1:51am
Quoting Gleneagles
+40

first dustbin level hit

not expecting another level to be filled at this stage with EU stalling around 2900
looking like this is going to go sideways ... probably till FOMC
  • #131,856
  • Mar 20, 2013 2:01am Mar 20, 2013 2:01am
2266 dustbin level (yellow line)
2270 intraday swing level (blue line )

this is the pattern/pa I am looking for

Test/thrust to resistance

Rejection

Continuation (breaks resistance)
Momentum candle(bigger than neighbours) a bonus
Yen EU EY correlates (same direction)

PA hits next dustbin level

I have lunch/beermoney

Simple technique for simple people like me
Attached Image
" Never let the past hold the future to ransom "
  • #131,857
  • Mar 20, 2013 2:02am Mar 20, 2013 2:02am
Quoting AllyB
looking like this is going to go sideways ... probably till FOMC
i reckon so too

early lunch today
" Never let the past hold the future to ransom "
  • #131,858
  • Mar 20, 2013 2:11am Mar 20, 2013 2:11am
Quoting Gleneagles
i reckon so too

early lunch today
i have one trade going atm and it should hit TP here and i am going to sit back also. good info on what you look for too ... thanks!!
  • #131,859
  • Mar 20, 2013 2:25am Mar 20, 2013 2:25am
[quote=sisse;6529768]lol mate ...are you in spreading panic mode the last few days like Nigel? ... lol just kidding ...

i did not sleep well last night

i looked under the bed first and inside the wardrobe in case the (insert conspiracy name.....) barstarts were coming after my beermoney which i keep outside of Cyprus ( cake tin under the bed)

then i had to take a nightcap to get over the shock of a possible raid on my holiday/beermoney fund by ECB/IMF/Germans/others which i am hiding in Cyprus to avoid any money laundering scrutiny

trading can be simple , it is the bits that we add that makes things tough

to settle my nerves i will take an early lunch , the black limousine with tinted windows is not parked across the street anymore
" Never let the past hold the future to ransom "
  • #131,860
  • Mar 20, 2013 2:35am Mar 20, 2013 2:35am
[quote=Gleneagles;6529956]
Quoting sisse
lol mate ...are you in spreading panic mode the last few days like Nigel? ... lol just kidding ...

i did not sleep well last night

i looked under the bed first and inside the wardrobe in case the (insert conspiracy name.....) barstarts were coming after my beermoney which i keep outside of Cyprus ( cake tin under the bed)

then i had to take a nightcap to get over the shock of a possible raid on my holiday/beermoney fund by ECB/IMF/Germans/others which i am hiding in Cyprus to avoid any money laundering scrutiny

trading...
i think an early lunch will help there. enjoy it and catch you when you get back
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