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The Really Useless Thread

  • #42,261
  • Dec 22, 2011 2:29pm Dec 22, 2011 2:29pm
Quoting PayTheLimit
good, needed to take a look at a chart or two, to get my fix you undestand...

I might print that chart up, and roll it up and smoke it...
Ptmuthafukinl!!! Merry Xmas brother
  • #42,262
  • Dec 22, 2011 2:31pm Dec 22, 2011 2:31pm
Quoting PayTheLimit
I might print that chart up, and roll it up and smoke it...
hey Merry HoHo PTL. Fiber lookin awful topheavy to me with all the liquidity been dumped on it lately. I think we could be due for some big legs down, 1.25 or lower pretty quick in the New Year. Since I'm always wrong better load up long....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #42,263
  • Dec 22, 2011 2:55pm Dec 22, 2011 2:55pm
Quoting PayTheLimit
will be an interesting area, 3210ish is a lower lip of the move down from 3519 to 2945, and 3212 was last months low...
3230 ish could be a dt.
those who can, do. those who cant, talk about those who can
  • #42,264
  • Dec 22, 2011 3:02pm Dec 22, 2011 3:02pm
1.29 something, 80 + spread capping it?

Quoting gatorinla
L till 3218 or a LL today.
dreams do come true.
  • #42,265
  • Dec 22, 2011 3:05pm Dec 22, 2011 3:05pm
We need to close below 1.30436 or I will strangle a hooker.
  • #42,266
  • Dec 22, 2011 3:06pm Dec 22, 2011 3:06pm
Quoting kill56
dammmmmmmm

PTL in the house how u been bro
what ever color the 30 m candle is after e close helps with direction. many more times then not. for a few.. sometime more
those who can, do. those who cant, talk about those who can
  • #42,267
  • Dec 22, 2011 3:08pm Dec 22, 2011 3:08pm
Quoting wannaberich
1.29 something, 80 + spread capping it?
quote the post.
those who can, do. those who cant, talk about those who can
  • #42,268
  • Dec 22, 2011 3:08pm Dec 22, 2011 3:08pm
Quoting gatorinla
what ever color the 30 m candle is after e close helps with direction. many more times then not. for a few.. sometime more
My current 30m candle is RGB(75,157,163).
  • #42,269
  • Edited 3:32pm Dec 22, 2011 3:17pm | Edited 3:32pm
Quoting gatorinla
waiting for a look at 3081.. a lower low today will target 2929. whether we get to 3081 or not.
here.. still need a LL.. what happens or does not happen has an = effect in the other direction. we did not get a LL. if we do then that target is valid. you can take that low and the target difference and add it to the low. this will give the opposite target (mirror image) for the greatest r/r a bounce nearest to the opposite side is best with a reversal sign. no bounce then its a b/o.. i rather bounces. i rather be in before the b/o level is breached the second time. . with a green stop. the bounce i speak of is after the low is broken.. the distance after break for a bounce is best at 50+ mark. the closer to the (mirror image/risk) the better. on a 80% the trade is 1-1.. so excluding spreads.. you should lose 20% and win 80%. if you wait for that bounce near the risk.. it adds to you win potential and reduces that 20% much more. .

i went back to the latest low and calculated 3218.. then after noticed where the mid was and others.
those who can, do. those who cant, talk about those who can
  • #42,270
  • Dec 22, 2011 3:19pm Dec 22, 2011 3:19pm
Quoting Venice
My current 30m candle is RGB(75,157,163).
im still long.....this is excruciating....come on 1.33 or 1.37
  • #42,271
  • Dec 22, 2011 3:19pm Dec 22, 2011 3:19pm
don't get this wrong, G. not questioning, just trying to understand your thoughts, bro

just saw that you already, quoted it and the answer is there. thanks, man.

Quoting gatorinla
waiting for a look at 3081.. a lower low today will target 2929. whether we get to 3081 or not.
dreams do come true.
  • #42,272
  • Dec 22, 2011 3:33pm Dec 22, 2011 3:33pm
thanks again, Big G.

Quoting gatorinla
here.. still need a LL.. what happens or does not happen has an = effect in the other direction. we did not get a LL. if we do then that target is valid. you can take that low and the target difference and add it to the low. this will give the opposite target (mirror image) for the greatest r/r a bounce nearest to the opposite side is best with a reversal sign. no bounce then its a b/o.. i rather bounces. i rather be in before the b/o level is breached the second time. . with a green stop. the bounce i speak of if after the low is broken.. the distance...
dreams do come true.
  • #42,273
  • Dec 22, 2011 3:49pm Dec 22, 2011 3:49pm
Quoting wannaberich
don't get this wrong, G. not questioning, just trying to understand your thoughts, bro

just saw that you already, quoted it and the answer is there. thanks, man.
draw a tl from yesterdays low till today's low for added security. after the break. let it bounce and make a hump for another try. this hump can be smaller but not always. look for a reversal sign hopefully at the top of it. not always but many times a b/o does this..
many times after a b/o people enter.. then the hump is built. and they are in the red. and close. then it goes in their direction. they do this over and over and expect a different result. they bitch about the market and manipulation, stop hunts, ect. when this is all that happens over and over. if you miss a few trades its better then 10 valid b/o stuck underwater.
those who can, do. those who cant, talk about those who can
  • #42,274
  • Dec 22, 2011 4:06pm Dec 22, 2011 4:06pm
those two are some real pearls. still dissecting the first.

the first still is much of a mind twister to me... there is a setence there that is invaluable info. looks like just a detail but i guess it makes a whole lot of a difference.

can u please confirm if this sentence is correct:

you can take that low and the target difference and add it to the low.

shouldn't the last word be "high"? since u were referering to the mirror image it makes more sense to me that way...
dreams do come true.
  • #42,275
  • Dec 22, 2011 4:16pm Dec 22, 2011 4:16pm
G is that what u talking about
Attached Image (click to enlarge)
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  • #42,276
  • Dec 22, 2011 4:16pm Dec 22, 2011 4:16pm
Quoting needpips
im still long.....this is excruciating....come on 1.33 or 1.37
No kidding. Having days happen just to be completely rejected.

Looks like my euro bias trigger is dependent on 6pm est close < 1.30436 for more shorts. Closing above requires another close (Sunday's close) to dictate direction... stupid.

Current momentum is up, so I guess I'll go with that. But I doubt I will take a trade off of anything higher then the 15m.
  • #42,277
  • Dec 22, 2011 4:20pm Dec 22, 2011 4:20pm
we went from 1.31181 to 1.30386 then back to 1.30795. move down should target 1.30386 - (1.31181-1.30795)=1.3000. since we missed it by 16.5 pips the upmove should target 1.30795 + 0.00165= 1.3096.

correct?
dreams do come true.
  • #42,278
  • Dec 22, 2011 4:22pm Dec 22, 2011 4:22pm
Quoting wannaberich
thanks again, Big G.
this might help. a place to leek for a reversal sign after a break in the bounce.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1a.PNG Size: 42 KB
Click to Enlarge Name: 2009 fibs.PNG Size: 33 KB
those who can, do. those who cant, talk about those who can
  • #42,279
  • Dec 22, 2011 4:27pm Dec 22, 2011 4:27pm
Quoting wannaberich
those two are some real pearls. still dissecting the first.

the first still is much of a mind twister to me... there is a setence there that is invaluable info. looks like just a detail but i guess it makes a whole lot of a difference.

can u please confirm if this sentence is correct:

you can take that low and the target difference and add it to the low.

shouldn't the last word be "high"? since u were referering to the mirror image it makes more sense to me that way...
if you do the math it may be a high or the last candle im including. all moves have a mid point. the pair pauses/backs up.. or acts different at them.. look at the picture.. its a 4h.. so the pause may be hard to see.. on a lower tf it will be there. the bounce went straight to it.
those who can, do. those who cant, talk about those who can
  • #42,280
  • Dec 22, 2011 4:38pm Dec 22, 2011 4:38pm
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"If The Fool persists in his Folly he will become wise." - William Blake
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