The Really Useless Thread

Quoting Magix

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{quote} We are totally on the same page. I'm not about to sell into this shit, but certainly leery about buying it too.. There are a few other pairs with a lot clearer signals...I can sit out this dance and wait for a less fat and hairy lipped, partner.

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Quoting Pharm0r

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Traditionally, we retest the low of a long wicked monthly before trend reversal.....we are approaching now in about 80 pips or so. 1.06389 / 1.05676 / 1.04963 / 1.04616 (low) are important numbers to bulls to solidify a monthly reversal. Bounces/closes from are bullish, closes below are bearish. The higher the TF, the better. +- a few pips for slip/brokers Been saying it all month- in my opinion those # are the last chance for bulls before parity (and below)- a short 700 pips away. The timing of this retest is right for the reversal if you're...

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Quoting Pharm0r

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{quote} Time has been aligned since the beginning of the month. 50% works for time as well, I started noticing it in the 30 minute candles...they like to go the wrong way, or the opposite way, as do two hours, sometimes the 3rd hour of a 4 hour candle (3/4). Stands to reason that 1/2 weeks and 3/4 weeks work as well. This week turning bullish isn't unforeseen, but it could be the writing on the wall. Nothing matters without the close, and a LL clears the slate. Im sure all this sounds familiar {quote}

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Quoting Magix

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{quote} I'm all good, Mr Scott! Well, "All" might be interpreted different by others.... I know...there is definitely a lot of topside to be played out, but I'm still not feeling it. Just over a year ago, I felt the need to test parity and I am still in that same boat. USD has gained more strength that should have by way of fundies....but hit it's mark on the techs. Even with that, I still don't feel that EUR has made it's full on tech or fundy movement. I have migrated over to the M5s, so my perspective is a little skewed...but it still...

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Quoting Magix

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Not wanting to steer your bias... Just because I won't buy, doesn't mean you shouldn't. There are a lot of charts we may not agree on, but I wish you all the best on the ones you trade. That's all I got to say about that!

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Quoting Mr. Scott

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{quote} That is good to hear. Glad you are well. If they want, they can reverse here. But it's on the line now. 1.02x is there, think Sisse mentioned it. Then you have confluence at parity although don't like structure. And below. {image} {image} {image}

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Quoting Magix

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{quote} Volume precedes price. I just haven't seen the "Big Move" that would allow me to believe anything other than: {image}

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Quoting Mr. Scott

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{quote} Well, there is one more. Valid and precise. One that most interests me is the one that ended at 1.0462. That is the one that has a chance now. GU looking similar as we have 30 year tl. Monthly in play. {image}

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Quoting USD-Bear

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{quote} tried yesterday at 7578 but got stopped at BE Currently watching 7560 Edit: got in Edit 2: stop @ BE

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Quoting USD-Bear

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{quote} collected +171 @ 7731

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Quoting USD-Bear

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{quote} collected +171 @ 7731

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Quoting sisse

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On the Fundamental side:

 

1. Expecting a relatively normal conference without much fuss as the ones lately. There is no rates, no QE, no panic (although Greece can still make noise in the background) i[check]
2. Focus in the old traditional macroeconomic numbers and outlooks for to EZ. Expecting a "very positive" bag wit a push in the EZ both in inflation and in macro numbers. [check]

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On the Technical side:

1. For today the key technical play is setting this current MONTH HIGH and LOW. A failure to take 1.058x [in play] until the W roll will set the low of the month and will leave wide open a test of highs...

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For the actual news flow:

1. A "hawkish" outlook .... for the double swing (mini intraday [check] and the real swing [in play] that will last a few days/weks) to 1.075x [check] and 1.127x with intermedia stops of 1.066x [check] for the micro swing and 1.098x and 1.112x for macro swing. Blind entry 1.058x [check] and fading 1.06xx [check] for the safe bet.

Quoting sisse

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{quote} ...... Expecting a relatively normal conference without much fuss as the ones lately ... sisse

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Quoting Mr Hatch

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{quote} on paper, you're in the green with a sl at be+

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Very active opening range again. A quick update, the lagging euro (in comparison with the rest of the board) completed the intraday intraday mini swing overnight. As suspected 1.075x was strong enough to force a clean retrace in no time intraday.

Like yesterday, session will be pretty much over if 1.063x hold the rest of the opening range until NY with the news. Highs are clean now so a break back up 1.067x will open the first leg of the main swing. To the other side on failure, the intraday...

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Just want to add my appreciation for all your valuable posts ..am learning a lot from you and others here and just had to say that before retreating to the sidelines again for a bit, will contribute when I can.

Quoting sisse

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{quote} {quote} {quote} ...Like yesterday, session will be pretty much over if 1.063x hold the rest of the opening range until NY with the news. Highs are clean now so a break back up 1.067x will open the first leg of the main swing. To the other side ... Nothing to do here in the euro, same levels, same trades, same all... sisse

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