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The Really Useless Thread

  • #2,401
  • Aug 24, 2011 10:13am Aug 24, 2011 10:13am
Quoting attila
don't go anywhere, we're cooking with fire here.

Not going anywhere yet, want to see the LC and see if I can get another easy setup before the going gets quiet in NY afternoon.
  • #2,402
  • Aug 24, 2011 10:14am Aug 24, 2011 10:14am
Quoting cloggie
Not going anywhere yet, want to see the LC and see if I can get another easy setup before the going gets quiet in NY afternoon.
It seems London wants back to the starting line...
  • #2,403
  • Aug 24, 2011 10:14am Aug 24, 2011 10:14am
Quoting cloggie
These 3 little numbers have given me 220 pips today unscaled and 1180 for the week.
If we don't get a move of some size that can hold direction for more than a half an hour, I'll be negative for the week any time now.

Some days you eat the bear, some days the bear eats you.
  • #2,404
  • Aug 24, 2011 10:16am Aug 24, 2011 10:16am
Quoting OldQuant
If we don't get a move of some size that can hold direction for more than a half an hour, I'll be negative for the week any time now.

Some days you eat the bear, some days the bear eats you.

My average trade length on this pair for the month is 56 minutes on 164 trades. Mad August.
  • #2,405
  • Aug 24, 2011 10:18am Aug 24, 2011 10:18am
Quoting cloggie
I tend to adjust my style to what is available. I will happily take trades of the H4 when they arise, as of late that has not been the case very often and I just play the shorter 50-80 pip moves. I agree it is boring, but can be very profitable if done right. The last few days on the thread the setups have been pretty much identical as shown in my charts, this ain't rocketscience, no disrespect to you Sisse, but the muppets on the eurotrash thread just overcomplicate everything.
I know what you mean don't worry. Thats what we have been in opposite sides.

I stop adjusting my style TFs wise a while ago. I don't bother looking in a smaller ranges when tight daily ranges happens. Although I must admit that it will be a lot easier, during these times I prefer to just hit smaller targets if any (not because of choice but because H4 doesn't hold the swing). There are only few and far apart and the cost of opportunity of losing perspective and screen time required are way too big for my taste....

In any case, you got my 2 thumbs up for adapting so fast and so effective to different TFs.

Respect.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #2,406
  • Aug 24, 2011 10:19am Aug 24, 2011 10:19am
Mid fix trying to break my 02, hmmmm tempting, but no.
  • #2,407
  • Aug 24, 2011 10:21am Aug 24, 2011 10:21am
Quoting cloggie
My average trade length on this pair for the month is 56 minutes on 164 trades. Mad August.
And today, probably even less. On a one minute chart, the last six hours or more look like they're generated with a wave machine set on 30 minutes top to bottom.

This kind of PA is typical of the 24 hrs after a big repricing move, but we haven't had one of those in --seems like forever.
  • #2,408
  • Aug 24, 2011 10:21am Aug 24, 2011 10:21am
So here's how it works for people that were wondering how I trade. Not recommending, but it works for me. After my overnites closed I started the day with 260 pips upside down. Now I'm back to 260 pips DD but with a little over 200 in the bag. So as long as the equity goes up, me happy.
  • #2,409
  • Aug 24, 2011 10:23am Aug 24, 2011 10:23am
Quoting OldQuant
And today, probably even less. On a one minute chart, the last six hours or more look like they're generated with a wave machine set on 30 minutes top to bottom.

This kind of PA is typical of the 24 hrs after a big repricing move, but we haven't had one of those in --seems like forever.

Not that much less, 41 minutes average on 5 trades.
  • #2,410
  • Aug 24, 2011 10:27am Aug 24, 2011 10:27am
Quoting sisse
I know what you mean don't worry. Thats what we have been in opposite sides.

I stop adjusting my style TFs wise a while ago. I don't bother looking in a smaller ranges when tight daily ranges happens. Although I must admit that it will be a lot easier, during these times I prefer to just hit smaller targets if any (not because of choice but because H4 doesn't hold the swing). There are only few and far apart and the cost of opportunity of losing perspective and screen time required are way too big for my taste....

In any case, you got my...
from what i see. 4h and 1h turning south for a good cycle..
testing of 4380 then 4280 and then will see where Iam.. so far holding my shortie from 4474

Merkel in panic mode, Officials with bad EU reports, DOW on the line ..hmm.. game is on..
  • #2,411
  • Aug 24, 2011 10:27am Aug 24, 2011 10:27am
Quoting cloggie
Not that much less, 41 minutes average on 5 trades.
hehe, my average trade length is around 29 hours. That number has been brought down considerably this last month though. Would venture to say more so around 1-3 hours is the norm.
  • #2,412
  • Aug 24, 2011 10:28am Aug 24, 2011 10:28am
Quoting cloggie
Mid fix trying to break my 02, hmmmm tempting, but no.

Good thing I wasn't tempted, back at 02, let's see if the next stab lower can tempt me.
  • #2,413
  • Aug 24, 2011 10:31am Aug 24, 2011 10:31am
90 done.
  • #2,414
  • Aug 24, 2011 10:31am Aug 24, 2011 10:31am
toe dipper long at 89
  • #2,415
  • Aug 24, 2011 10:35am Aug 24, 2011 10:35am
http://a4.sphotos.ak.fbcdn.net/hphot..._5407343_n.jpg
  • #2,416
  • Aug 24, 2011 10:35am Aug 24, 2011 10:35am
close enough long from 89
stop at BE already
Quoting hkkhanus
will be watching 4379.5 - 4387.7 area
goodluck
  • #2,417
  • Aug 24, 2011 10:36am Aug 24, 2011 10:36am
Bored with this now.




l8r
  • #2,418
  • Aug 24, 2011 10:36am Aug 24, 2011 10:36am
Quoting PipChick
Could we be targeting the h4 gann?
Quoting Piters
at least.. i think..

apparently yesterday was a huge NDT [no double touch] option exp.

4100-4700.. so,

if true, no wonder why we saw such a "choppy range" last few weeks.
[a holiday range ????]
Could be a sign thats barriers are gone?.. very likely !!

and we could expect a breakout soon.. even this week yeah.. im ALL IN..

or let me put it this way.:

4150 today.. 50 lots..

@PipChick

your 4h gann.. madame..

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  • #2,419
  • Aug 24, 2011 10:36am Aug 24, 2011 10:36am
I've seen that. Funny. This morning Californians.... What? 5.8? We stir our coffee with that.. LOL.
Quoting Venice
http://a4.sphotos.ak.fbcdn.net/hphot..._5407343_n.jpg
  • #2,420
  • Aug 24, 2011 10:38am Aug 24, 2011 10:38am
Quoting attila
I've seen that. Funny. This morning Californians.... What? 5.8? We stir our coffee with that.. LOL.
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