The Really Useless Thread
- #23,261
- Oct 8, 2011 3:20am Oct 8, 2011 3:20am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,262
- Oct 8, 2011 3:20am Oct 8, 2011 3:20am
- Joined May 2009 | Status: Re-member | 6,497 Posts
I like it...looks logical!
I would question how/what some of your lines drawn from the top left...to bottom right are drawn off, though. The most recent one seems...truly logical, but the two back in time have me scratching my tent...I mean head...I mean...
Wondering.
2 places were I could have fucked it up but didnt (yellow circles)... thats just life.... However the second fuck up you could still have exited with some profit or BE...
This is why I dont like to call myself a day trader, its a very negative word and is often accompanied with loosing.... I would call this price direction trading is somewhat more how the longer term traders are trading...
Also bearing in mind that a forex day is 8 hours and there is 15 days in a week...
people are always asking about charts but its so simple that we dont really need it
PS: blue arrows are painting the bars we know the direction for...
- #23,263
- Oct 8, 2011 3:21am Oct 8, 2011 3:21am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,266
- Oct 8, 2011 3:42am Oct 8, 2011 3:42am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,268
- Oct 8, 2011 3:53am Oct 8, 2011 3:53am
- Joined May 2009 | Status: Re-member | 6,497 Posts
more trendlines.........
often times one gets better trendlines when one does not connect the wicks but the bodys (open/close) (that is where the real momentum lies) and or connecting centers of consolidation.
see 15min XAU chart
Absolutely, skipping the BS spikes were "no transactions" has occured..
More gross movements again
Bastard!
- #23,269
- Oct 8, 2011 3:54am Oct 8, 2011 3:54am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,270
- Oct 8, 2011 3:59am Oct 8, 2011 3:59am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,271
- Oct 8, 2011 4:22am Oct 8, 2011 4:22am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,272
- Oct 8, 2011 4:25am Oct 8, 2011 4:25am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,274
- Oct 8, 2011 4:38am Oct 8, 2011 4:38am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,275
- Oct 8, 2011 4:39am Oct 8, 2011 4:39am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,276
- Oct 8, 2011 4:40am Oct 8, 2011 4:40am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,277
- Oct 8, 2011 4:42am Oct 8, 2011 4:42am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,278
- Oct 8, 2011 4:44am Oct 8, 2011 4:44am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,279
- Oct 8, 2011 4:46am Oct 8, 2011 4:46am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #23,280
- Oct 8, 2011 4:49am Oct 8, 2011 4:49am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts