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The Really Useless Thread

  • #156,941
  • Nov 14, 2017 12:29pm Nov 14, 2017 12:29pm
Quoting ZenNy
{quote} sure......but in my humble opinion is best to fade those spikes at the extreme of a range or of a weak channel......... this lady has been building up gently in the last 5 days as she did not wanted to be noticed........Bulls had enough sell orders in the market to start buying upwards since the LL of the 7/11...... ......"yesterday she went lower to finish higher".... Only my perception..... Of course many ways to skin both bears and bulls......
A classic day of trend from the open (EO).......

The trend is fueled by both parts...

Bulls have to chase because prices are traveling in a tight channel......and bears becoming bulls by covering at a loss.....
trading is simple but is simple is not easy.
  • #156,942
  • Nov 14, 2017 12:58pm Nov 14, 2017 12:58pm
looks likely that it will go shit on 1820 yet today
  • #156,943
  • Nov 14, 2017 1:10pm Nov 14, 2017 1:10pm
primary account up .4% today with longs from 1.1670..havent even log in it..my Accounts blowable is getting violated but would be amazing had i never logged in today
  • #156,944
  • Nov 14, 2017 1:17pm Nov 14, 2017 1:17pm
Quoting gatorinla
{quote} shorts have increased 5% since this last post, going to test this with the higher closes for a bullish B/O.. if not.. its probably going to drop.. maybe both.. if retailers are mostly wrong. 1701 looks done. norm at 1880 has a shot. 5% increase in 10 hrs seems like a lot. i dont know. i dont play this.. put it up for conversation. {image}
it flipped to bullish now.. the percent of short have increased. the month average is over 400 pips..the week could yield 1811 average.. the month and the week have been below average. to equal out, the move can go above average..
Attached Image
those who can, do. those who cant, talk about those who can
  • #156,945
  • Nov 14, 2017 1:28pm Nov 14, 2017 1:28pm
Hi Gator,

just wanted to say a big "Thank You" for opening my eyes for the importance of the monthly and weekly candles.
As a scalper it was not so important for me, in fact it is all.
Thanks man
  • #156,946
  • Nov 14, 2017 1:28pm Nov 14, 2017 1:28pm
Quoting gatorinla
{quote} it flipped to bullish now.. the percent of short have increased. the month average is over 400 pips..the week could yield 1811 average.. the month and the week have been below average. to equal out, the move can go above average.. {image}
if that chart represents retailers, they got killed today.... next push , it will be margin calls .. then push the price even higher..
  • #156,947
  • Nov 14, 2017 1:31pm Nov 14, 2017 1:31pm
Quoting Boulder
{quote} if that chart represents retailers, they got killed today.... next push , it will be margin calls .. then push the price even higher..
Probably, but I fear that we are not even meant.
We are just dying on the way
  • #156,948
  • Nov 14, 2017 1:34pm Nov 14, 2017 1:34pm
Quoting Venomousssss
primary account up .4% today with longs from 1.1670..havent even log in it..my Accounts blowable is getting violated but would be amazing had i never logged in today
Good , at least somebody in our group here are making money on longs.... I am just collecting interest payments from my shorts...
  • #156,949
  • Nov 14, 2017 1:42pm Nov 14, 2017 1:42pm
Quoting Boulder
{quote} Good , at least somebody in our group here are making money on longs.... I am just collecting interest payments from my shorts...
ehm, it were two
Excuse me for that.
BTW I suppose we are reaching some kind of war zone again.
I will try to short from 35/40 and long from 52/72.
Donīt know but it might go two or three times back and forth until it reaches 1880 (if it reaches there).
Then we will see.
Higher?
Lower?
  • #156,950
  • Nov 14, 2017 1:52pm Nov 14, 2017 1:52pm
Quoting CandleStar
{quote} ehm, it were two Excuse me for that. BTW I suppose we are reaching some kind of war zone again. I will try to short from 35/40 and long from 52/72. Donīt know but it might go two or three times back and forth until it reaches 1889 (if it reaches there). Then we will see. Higher? Lower?
I know you did well today.... congradulation....
tomorrow will be a big day with US retail sales and CPI.. feel we are going to beat it... then see this is going to reverse or not..
  • #156,951
  • Nov 14, 2017 1:57pm Nov 14, 2017 1:57pm
Quoting Boulder
{quote} I know you did well today.... congratulation.... tomorrow will be a big day with US retail sales and CPI.. feel we are going to beat it... then see this is going to reverse or not..
I wish you the best!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You are looking to short, I am looking to rebuy.
Maybe we both can earn something in the end
This can really happen because I expect that we spend a few days and a lot of H4 candles here.
But I can be wrong, I am a lot of times
  • #156,952
  • Nov 14, 2017 2:07pm Nov 14, 2017 2:07pm
Quoting CandleStar
{quote} I wish you the best!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! You are looking to short, I am looking to rebuy. Maybe we both can earn something in the end This can really happen because I expect that we spend a few days and a lot of H4 candles here. But I can be wrong, I am a lot of times
you just need to be right 50% of the times......sometime even less......I cannot remember his name......he was right only 5% of the times and made it well....
trading is simple but is simple is not easy.
  • #156,953
  • Nov 14, 2017 2:13pm Nov 14, 2017 2:13pm
Quoting ZenNy
{quote} you just need to be right 50% of the times......sometime even less......I cannot remember his name......he was right only 5% of the times and made it well....
I thought it was only 1%.
  • #156,954
  • Nov 14, 2017 2:18pm Nov 14, 2017 2:18pm
Quoting CandleStar
{quote} I thought it was only 1%.
seriously......I have heard it from this guy in this interview...

Inserted Video
trading is simple but is simple is not easy.
  • #156,955
  • Nov 14, 2017 2:35pm Nov 14, 2017 2:35pm
more to come,,..just saw this news,,, since this Euro run had a lot to do with tax reform...

Updated tax schedule per GOP sources/public statements today:
*House Rules meets tonight
*House floor vote still Thurs
*Sen Finance vote by week's end
*Full Senate vote *week after T'giving*
  • #156,956
  • Nov 14, 2017 2:43pm Nov 14, 2017 2:43pm
Quoting ZenNy
{quote} seriously......I have heard it from this guy in this interview... https://www.youtube.com/watch?v=soynQs8qxCA
Yes, thanks.
But I was serious too.
I meant if you have a system with a win ratio of only 51/49 you win.
Although I use a lot of indies as helpers to speed things up I mainly focus on my own graphics.
I draw alot, believe me.
Once I used an indie which could draw on its own. Very helpful, forgot what it was.
But if you draw yourself this makes you thinking about it.
  • #156,958
  • Nov 14, 2017 2:59pm Nov 14, 2017 2:59pm
One last word before I go to sleep:

As we are building this wonderful "U" pattern on the daily (which is a classic pattern which I did not see earlier):

Have an eye on the monthly charts:

On this greater timeframe we could also build this"U" pattern easily.
Would lead us to 1.4 or 1.5.
Think about it and donīt say I did not tell you
  • #156,959
  • Nov 14, 2017 3:43pm Nov 14, 2017 3:43pm
not that it will change the bullish bias...but for a better chance at some pullback..a close below 1801 would help
  • #156,960
  • Nov 14, 2017 4:00pm Nov 14, 2017 4:00pm
Quoting gatorinla
a higher L close at 1768/69.
a possible buy here.. best for bulls to stay above 1768/69 on tomorrow's close. the smaller closes now are not showing bulls weakening. it will make any retrace hard if at all. i dont mean this for shorting. just a place for a possible Long entry..

the month close b4 the drop was the one below 1826, so 1809/26 may offer so R,, but it may just be a shallow delay..

1880 (1880/2092) is normal b4 1245. 2164 was missed in larger charts
those who can, do. those who cant, talk about those who can
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