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The Really Useless Thread

  • #156,461
  • Nov 7, 2017 6:55pm Nov 7, 2017 6:55pm
Quoting Boulder
{quote} now downtrend stop 1607...my EA will trigger long if it can close above at the hour.. seeing Gator and P.A. you two want to short this.. I guess I can long first.. reverse to short from 1634..then find a good spot to long again if the trend continues..
what is trend w.r.t 4H and daily? how do you determine the trend?
don't predict direction, but dance with flow of water
  • #156,462
  • Nov 7, 2017 7:04pm Nov 7, 2017 7:04pm
Quoting priceaction1
{quote} what is trend w.r.t 4H and daily? how do you determine the trend?
H1 trend..
  • #156,463
  • Nov 7, 2017 7:06pm Nov 7, 2017 7:06pm
about trends, don't think, ask her.
if she doesn't tell you, wait
Be patient, it will show, it's not that she won't tell you.
She hints and hints , but if you don't get it
when she gets angry, she'll tell you straight, if you can catch it fine.
sometimes she don't wanna dance, she may just want a fling ,so wait.
otherwise, there are many fishes in the sea

by fti.

At tier 1 I see flow, I check whats my blotter direction,
what did big orders do, how often they are hitting me.
where are the ducks, how large are they piling.
But as trader you cannot see flow, so watch the pips move, it should tell you.

by fti.
don't predict direction, but dance with flow of water
  • #156,464
  • Nov 7, 2017 7:10pm Nov 7, 2017 7:10pm
trends mean different things to different people.

the accepted definition of a trend is a persistent direction of move,
on an up trend the highs get higher and low stays higher,
conversely a down trend, when the low gets lower and the high stays lower.

no trends move in a straight line advance or decline.
within any major trend, there are minor trends, then there are intraday trend, hourly trends and so forth.
its your choice to decide which is within your scope to cope with.
by fti.
don't predict direction, but dance with flow of water
  • #156,465
  • Nov 7, 2017 7:14pm Nov 7, 2017 7:14pm
bears have to cross three reveres, bulls have three defending lines. this is normal trading what everyone is thinking about including market makers. so peoples tend to put there stop loss bellow these points. and these sitting ducks are easy to locate, so never ever put stop loss around resistance/support areas they will be the trigger. just watch the move if the price goes there and turn back with in short time than it is stop hunting and possible reversal is possible. if price stay there with side ways action careful it is preparation of another attack.
don't predict direction, but dance with flow of water
  • #156,466
  • Nov 7, 2017 7:19pm Nov 7, 2017 7:19pm
To determine trend.....ask an 8 year old what he sees on the screen.

Is the line mostly going up?

Is the line mostly going down?

Or is it mostly going sidewards
  • #156,467
  • Nov 7, 2017 7:27pm Nov 7, 2017 7:27pm
" you have rubber band snapbacks in the direction of trend directions, and slow puffy moves counter trend." by fti.

see your self snapbacks and slow puffy moves in eur/usd simple is that.
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don't predict direction, but dance with flow of water
  • #156,468
  • Nov 7, 2017 7:30pm Nov 7, 2017 7:30pm
Quoting cashfactor
To determine trend.....ask an 8 year old what he sees on the screen. Is the line mostly going up? Is the line mostly going down? Or is it mostly going sidewards
the long time ago I read that book when I was trading in the stock.
don't predict direction, but dance with flow of water
  • #156,469
  • Nov 7, 2017 7:41pm Nov 7, 2017 7:41pm
Quoting priceaction1
{quote} mine is at 1.1631.
i rather short at 1654,, but i dont know if it has enough to reach, 1634 maybe. the week 1608 should have some R value. and the month 1625. i am just placing one below 1656, the highest day close i have. possible scalp support 1686 or 1565 fluid. the 12 still open.. the day closed lower with last week at 1608,,, on the outside chance the LL forces a bounce on last weeks candle i set a pending. last week was a doji
those who can, do. those who cant, talk about those who can
  • #156,470
  • Nov 7, 2017 8:03pm Nov 7, 2017 8:03pm
i may be sleeping// moved pending to 1653 stop 1664. banking on 1856 holding mostly.. target 1524 or less/ no guarantee it will reach 1653
those who can, do. those who cant, talk about those who can
  • #156,471
  • Nov 7, 2017 8:04pm Nov 7, 2017 8:04pm
At 9pm est. the hourly downtrend has been running for 66 hours, downtrend stop. @ 1604 at hour close
  • #156,472
  • Nov 8, 2017 12:15am Nov 8, 2017 12:15am
two spots I'm watching today....
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Look Sharp/Trade Tight
  • #156,473
  • Edited 12:29am Nov 8, 2017 12:18am | Edited 12:29am
Quoting priceaction1
strategy for the main account like this. just for fun did you believe this can be achieved. total trades 161 win 151 loss 06 profit factor 55 {image}
Super Ninja

Quoting PayTheLimit
two spots I'm watching today.... {image}
Same here
  • #156,474
  • Nov 8, 2017 12:19am Nov 8, 2017 12:19am
Quoting gatorinla
{quote} i rather short at 1654,, but i dont know if it has enough to reach, 1634 maybe. the week 1608 should have some R value. and the month 1625. i am just placing one below 1656, the highest day close i have. possible scalp support 1686 or 1565 fluid. the 12 still open.. the day closed lower with last week at 1608,,, on the outside chance the LL forces a bounce on last weeks candle i set a pending. last week was a doji
12 h managed higher.. 1586 could be a weak support. 1598 a Resistance.. i thought it would make 1634.. with a outside shot at testing 1656.. if it was to happen.. 1586 may play a part. not intended to make anyone long., 1881 is still active on week. 1565 on day
those who can, do. those who cant, talk about those who can
  • #156,475
  • Nov 8, 2017 12:30am Nov 8, 2017 12:30am
with 1581 still active.. for shits and giggles, i am not long.. i plan on shorting.. anyway 1579 touched, may end with a close above 1581.. it could end up to 1634.. but that alone wouldn't give me a entry.
1579 + entry is about 1580x.. stop at 1578 would be tight, sometimes enough
those who can, do. those who cant, talk about those who can
  • #156,476
  • Nov 8, 2017 12:31am Nov 8, 2017 12:31am
Quoting gatorinla
{quote} 12 h managed higher.. 1586 could be a weak support. 1598 a Resistance.. i thought it would make 1634.. with a outside shot at testing 1656.. if it was to happen.. 1586 may play a part. not intended to make anyone long., 1881 is still active on week. 1565 on day
Change pending order back to 1621 or not Gator?
I think 1621 is good norm R there !
  • #156,477
  • Nov 8, 2017 12:31am Nov 8, 2017 12:31am
OUT with a few
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A good trader follows his rules, but great trader knows when to break them
  • #156,478
  • Nov 8, 2017 12:38am Nov 8, 2017 12:38am
Quoting Angelina
{quote} Change pending order back to 1621 or not Gator? I think 1621 is good norm R there !
i plan on being asleep. i didnt want to manage any trades. i put my entry just below where i wanted to place my s/l. sleep like a babe.. wake up with nothing or a small loss, or a shit eating grin.
those who can, do. those who cant, talk about those who can
  • #156,479
  • Nov 8, 2017 12:44am Nov 8, 2017 12:44am
Quoting Angelina
{quote} Change pending order back to 1621 or not Gator? I think 1621 is good norm R there !
thinking 1579 gets a minimal visit or more. maybe 1581 or 86 catches the close. and it may bounce it off 1579 to 1634. i think 1579 happens.. the rest more fantasy. 1621 more likely than 1634 or 1656 test. but my stops are closer to 1657+.. so i placed entry near.
those who can, do. those who cant, talk about those who can
  • #156,480
  • Nov 8, 2017 1:17am Nov 8, 2017 1:17am
Quoting gatorinla
{quote} thinking 1579 gets a minimal visit or more. maybe 1581 or 86 catches the close. and it may bounce it off 1579 to 1634. i think 1579 happens.. the rest more fantasy. 1621 more likely than 1634 or 1656 test. but my stops are closer to 1657+.. so i placed entry near.
that is the point.
don't predict direction, but dance with flow of water
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