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The Really Useless Thread

  • #154,681
  • Sep 8, 2017 11:23am Sep 8, 2017 11:23am
Quoting Boulder
{quote} Gator, you are so good with price levels.. a lot of times, it goes back and forth between your levels as you mentioned.... I wonder.. do you scalping? .. it seems you hold your positions for your TP all the time.. eg,, last night it went to 12092, almost 100 pips profit for you..and almost full adr.. why you not take the profits? especially you knew and said it would retrace to lower level...you could cash out and get back in again.. I always wonder people like you.. since I am a short term trader..
i do at times.. sometimes you're damned if you do, or damned if u dont. i dont sit in front pc all the time. so i tend to place a pending.
those who can, do. those who cant, talk about those who can
  • #154,682
  • Sep 8, 2017 11:27am Sep 8, 2017 11:27am
Quoting gatorinla
{quote} u need a hammer.. note time and level. pull down your shorts.. stretch your balls in front you on the floor. .. each time u think u know what you're doing, slam hammer on balls. after you gain conscious, see if that level was relevant. if you ever have a time when you know what you're doing. add another step after gaining conscious. in that extra step, slam hammer on balls once again. than repeat the rest. after doing this a few hundred times. you will either be broke or a better trader.
I.uhh...I'll just take a peak at your charts from time to time. *slowly backs up and tip toes out of the room*
  • #154,683
  • Sep 8, 2017 11:29am Sep 8, 2017 11:29am
std... later..
those who can, do. those who cant, talk about those who can
  • #154,684
  • Sep 8, 2017 11:30am Sep 8, 2017 11:30am
Quoting Venomousssss
{quote} I.uhh...I'll just take a peak at your charts from time to time. *slowly backs up and tip toes out of the room*
a different method of course, for females.. but first i need a picture of their boat.
those who can, do. those who cant, talk about those who can
  • #154,685
  • Sep 8, 2017 11:30am Sep 8, 2017 11:30am
If it doesn't reach 1.2109-25 today so what do you reckon that should I keep my longs on hold till next week or get out?
bceause this week market opened with huge gap over 100 pips above in most pairs in particular cable.
  • #154,686
  • Sep 8, 2017 11:33am Sep 8, 2017 11:33am
Quoting Venomousssss
{quote} I.uhh...I'll just take a peak at your charts from time to time. *slowly backs up and tip toes out of the room*
your loss..

Inserted Video
those who can, do. those who cant, talk about those who can
  • #154,687
  • Sep 8, 2017 11:44am Sep 8, 2017 11:44am
Quoting gatorinla
{quote} your loss.. https://www.youtube.com/watch?v=p8YKBI0Phw8
oh my
  • #154,688
  • Sep 8, 2017 11:45am Sep 8, 2017 11:45am
Quoting anwaarkhan
If it doesn't reach 1.2109-25 today so what do you reckon that should I keep my longs on hold till next week or get out? bceause this week market opened with huge gap over 100 pips above in most pairs in particular cable.
if you're worried.. u should close it b4 day ends.
those who can, do. those who cant, talk about those who can
  • #154,689
  • Sep 8, 2017 11:46am Sep 8, 2017 11:46am
later
those who can, do. those who cant, talk about those who can
  • #154,690
  • Sep 8, 2017 1:19pm Sep 8, 2017 1:19pm
2053 looking less and less likely for the day.
  • #154,691
  • Sep 10, 2017 10:13am Sep 10, 2017 10:13am
Quoting edyraper
{quote} 115. missed, that's a bit of a problem here... We got the larger one 113.39, we may print new lows down till 102.xx and void the 115. Needs a 108.13- LL to void 120.60 target of bulls, it bounced off larger 100.xx and smaller 108.82 which target 176. and 138... Setup wise if bull 115.xx missed, there is a valid setup to bid above 108.13 for 120.60. USDJPY
Quoting edyraper
{quote} 109.10/108.80 is support worth some shots, rest are at 108.10 to bid the support squeeze. If breaks through (which is likely), 102.xx possible. {quote}
USDJPY map.

Larger and older Gator's bearish setup is valid, target is 68.xx.
Larger bull's setup valid, bulls got what they wanted at 100.70, the potential target is 176.14. If a bull and may want to enter at some point, you may want to wait for 100.70 test again, or lower based on other setups. Since dollar at lows and everyone turning long-term dollar bearish... I'd say counting such a setup in, may pays a lot.
Another bull's setup for 138.33 is valid, it got its bounce at 108.82, however failed to break higher above 118.xx highs. The setup is valid until new lows below 98.99 low. If a bull and want to get in for potential 138.33 best possible RR entires would be entries at 100.70 which is strong support and above 98.99. Some early long entries S/R wise could be 104.75, 103.41 which is yearly S1, 101.19.

Now, larger bears Beside 68.xx, got another valid potential target at 72.12, setup is/was at 112.42. Couldn't find it in my previous posts, not sure if I had posted or not. It may bounce again for 112.42 after new monthly lows below 98.99, so if a larger bear, you can wait for a stronger confirmation and a bounce back to 112.42.
Smaller bears at 113.39 got what they needed, they are targetting 97.60 which is going to cancel 138.33 bull's setup. If a bear and shorted at 113.39 or higher, you can hold until 100.70, and see if it's going to make new monthly lows or not. 97.60 is the target. If bear and missed to short 113.39, it usually bounces back to 113.39. Patience is the key here.
I don't want to dive deeper, it is already a mess and noisy in this area. If you zoom out you can see easily 100/120 is the noise zone on higher tfs. Even in last couple of months since 2017 it's been in a very tiny range, finally broke through 108.13 the other day...

To sum it up, there isn't any momentum in larger tfs it's hard to say if it's going for 176.xx or 68.xx. If bear and short from 113.39 or higher hold on for 100.70 or lower, hopefully down till 97.60 target and 94.77 support. If bull best RR to long is to wait for 100.70, if breaks through the 97.60 is the target pair usually bounces off after targets, 94.77 is the next big support. I believe BOJ may soon changes its stance and start talks about tightening, so any signals would cause faster drop in the pair.

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  • #154,692
  • Edited Sep 11, 2017 8:42am Sep 10, 2017 4:57pm | Edited Sep 11, 2017 8:42am
Quoting edyraper
{quote} {quote} USDJPY map. Larger and older Gator's bearish setup is valid, target is 68.xx. Larger bull's setup valid, bulls got what they wanted at 100.70, the potential target is 176.14. If a bull and may want to enter at some point, you may want to wait for 100.70 test again, or lower based on other setups. Since dollar at lows and everyone turning long-term dollar bearish... I'd say counting such a setup in, may pays a lot. Another bull's setup for 138.33 is valid, it got its bounce at 108.82, however failed to break higher above 118.xx highs....
i am not in.. maybe i get a shot 1163/64+.. maybe 108.04 ish bounces it, possible support. lower one 107.36 ish
edit.. changed 105.04 to 108.04 typo.
those who can, do. those who cant, talk about those who can
  • #154,693
  • Sep 10, 2017 5:11pm Sep 10, 2017 5:11pm
Quoting gatorinla
{quote} i am not in.. maybe i get a shot 1163/64+.. maybe 105.04 ish bounces it, possible support. lower one 107.36 ish
Intraweek, seller at 108.80ish, buyer at 105.40ish.
  • #154,694
  • Sep 10, 2017 5:26pm Sep 10, 2017 5:26pm
If you are tracking EURUSD, here's a top-down technical persective on the pair.

On the daily time frame, price action has been respecting a support trendline (navy colour) from the low of April 17, 2017. However, price action has moved away upward to respect an inner support trendline (saddlebrown colour), which is indicative of an increase in northward momentum. As long as the inner trendline is intact, northward trading should be a more feasible bias than southward trading. The daily candlestick formed on Friday last week was miniature relative to Thursday’s daily candlestick and saw an attempt by sellers to resist further upward move of price action. Nevertheless, price action has been limited to operate within an ascending wedge and two price waves are evident within the wedge. Is this a toping formation? There may be need to wait for clarity in price action because a significant horizontal resistance zone (around the 1.21225 area) is less than 70 pips above the wedge while the immediate horizontal support is in the 1.19528 area, which is about 75 pips below the current location of price action.

On the H4 time frame, price action is consolidating around the distal end of an ascending wedge seen on the daily time frame and respecting a mini support trendline (magenta colour). Should the trendline be breached southward, price action is likely to target the proximal part of the wedge around the 1.19174 area and, by extension, may expose the monthly central pivot around 1.18800. Such a move is likely to be corrective in nature as the major technical outlook is bullish and the support trendlines on the daily time frame are still in tact.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #154,695
  • Sep 10, 2017 5:29pm Sep 10, 2017 5:29pm
closed eu long.. my stop is about to be hit at 2010.. closed 2016 for 40.. it still looks bullish to me.. the closes are bullish. but it may need 1957.. so i closed. i may not be around for 1957.. so i placed pendings 188x.. i have the mpp at 1877 and a close at 1882.. if i am up 1986 is mid between 2094 and 1877.. i didnt catch this till too late friday.. fatigue dulled my senses thursday near 2092.... no excuse.. i should have caught it.. https://www.forexfactory.com/showthr...9#post10255049
those who can, do. those who cant, talk about those who can
  • #154,696
  • Sep 10, 2017 5:33pm Sep 10, 2017 5:33pm
My primary technical bias is neutral as there is little room for a bullish move given that price action is in a confluence zone of resistance on monthly time frame and 50 Fib retracement from a drop from the high of May 2014. Thus any rally upward is likely to present me a selling opportunity. Also, if price action breaks the mini support trendline (magenta colour) on the H4 time frame southward, I will look for a sell trading opportunity to ride the price to the proximal part of the wedge.

I may be wrong. Trade safe and prosper.

KP


Quoting KeenPips
If you are tracking EURUSD, here's a top-down technical persective on the pair. On the daily time frame, price action has been respecting a support trendline (navy colour) from the low of April 17, 2017. However, price action has moved away upward to respect an inner support trendline (saddlebrown colour), which is indicative of an increase in northward momentum. As long as the inner trendline is intact, northward trading should be a more feasible bias than southward trading. The daily candlestick formed on Friday last week was miniature relative...
Do your homework, follow the footprints of smart money
  • #154,697
  • Sep 10, 2017 8:45pm Sep 10, 2017 8:45pm
Quoting gatorinla
closed eu long.. my stop is about to be hit at 2010.. closed 2016 for 40.. it still looks bullish to me.. the closes are bullish. but it may need 1957.. so i closed. i may not be around for 1957.. so i placed pendings 188x.. i have the mpp at 1877 and a close at 1882.. if i am up 1986 is mid between 2094 and 1877.. i didnt catch this till too late friday.. fatigue dulled my senses thursday near 2092.... no excuse.. i should have caught it.. https://www.forexfactory.com/showthr...9#post10255049
placing a pending slightly above 1966.3. . stop will be tight below 1966. 1966 is one of the damn if u do numbers. i assume its protected by bulls above 1966.3
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those who can, do. those who cant, talk about those who can
  • #154,698
  • Sep 10, 2017 10:03pm Sep 10, 2017 10:03pm
Quoting gatorinla
{quote} placing a pending slightly above 1966.3. . stop will be tight below 1966. 1966 is one of the damn if u do numbers. i assume its protected by bulls above 1966.3 {image}
Is that intraday or swing
  • #154,699
  • Sep 11, 2017 8:18am Sep 11, 2017 8:18am
Quoting Calamity666
{quote} Is that intraday or swing
i was thinking it wanted 1957, but 1966.4 would be protected.. so i might get a long 1966.4+. so i have one pending slightly above. if 1966.4 didnt hold. support may be anywhere between 1966 and 1876.. ill try 1966.... if not 187x.. i will not be around. so i placed pendings.. some support on chart at 1994 1974 1953
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those who can, do. those who cant, talk about those who can
  • #154,700
  • Sep 11, 2017 8:18am Sep 11, 2017 8:18am
Quoting edyraper
{quote} Intraweek, seller at 108.80ish, buyer at 105.40ish.
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