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The Really Useless Thread

  • #2,561
  • Aug 24, 2011 3:52pm Aug 24, 2011 3:52pm
Quoting Magix
Excellant question...

When is it real support and when is it just a band of congestion?

Reaction.

That's as simple as it gets.

These areas can be seen on any time frame, so the question is should we assume the counter?

My answer...Nope.

Check the chart from today, and the one I posted previously HERE.


IF you traded towards the breakout zone, it is a place to exit longs, portion or all and wait for a break of this zone...

Assuming direction...
Love this ,I could not say better !
  • #2,562
  • Aug 24, 2011 3:55pm Aug 24, 2011 3:55pm
Quoting Mr Hatch
hi venice,

I read that a lot, and have a couple of thoughts on that.
1) it depends on your trading style... obviously SL can be ridiculously tight on those trades, if you find a possible bounce/reversal, compared to the reward. if you are wrong, you realize this very early on.
2) if you are beginning to trade, which you obviously aren't, it can be hard to do, and I even think, the classic approach of a swing-trade is the more appropriate in order to get a feeling for market rhythm

many people around here are avid breakout traders, which I simply...
Ditto... I can't do breakout either but maybe that is because I have not focused on this style of trading and having tried it unsuccessfully, I have decided it is just not for me. There are many different ways to skin the same cat.

Picking tops and bottoms is not an easy game either... a little confirmation always helps and I am always more inclined to wait for the market to show its hand these days before I enter a trade. You can still have a hard stop that will be above the swing high or low, but having the confirmation means you can move the SL quicker to BE if the market has shown its hand.

Still... everyone is different and everyone has their own unique style of trade management. The secret is to find something that you are comfortable with. Simple as.
  • #2,563
  • Aug 24, 2011 3:56pm Aug 24, 2011 3:56pm
Quoting sofia101
wow guys I took a nap and missed very interesting posts ,now have to go back to catch up )
You may like to visit EURUSD thread as well. Atleast one very interesting post discussing you...............

Do you know how to get inivisble?
The Thief of Wall Street
  • #2,564
  • Edited 4:15pm Aug 24, 2011 3:57pm | Edited 4:15pm
Quoting PipChick
Oh and one more thing..Just about every 10v member was tired of the chaos on FF and visited my forum .

Well, why don't you take your 10V members with you then. We all know who they are, and none of them will be missed.

Nobody here is forcing you to stay and if you can't handle the flag on FF, then this is definetely not the place for your, neither is trading probably.

I have said it to plenty of noobs, and will say it to you, if you don't want anyone commenting on your charts, print them out and stick them to your wall, or post them on your own forum and you can guarantee that none of us will say anything about it.

I get flag all the time, I laugh it off, I don't give a toss, the more flag I get, the better my trading must be doing.

Let's keep thing in perspective, Magix pointed out a glaring error in your analysis and you couldn't handle it, started having a go and tried to reinforce how important you are. Guess what, you are not.

For that matter, neither am I, if anyone can point to a glaring error in my strategy or analysis, I would welcome the criticism, but only from those few that know what they are talking about, and those numbers are very limited in FF.

Quoting PipChick
I think I contribute here plenty and I dont think most would agree with you.
Let's not start a poll here, because you will lose that one.


Enough about this one, PC clearly can't handle the critisism and would probably be better of staying on her own website/forum/mentoring service.

This thread is for and by guys and girls who have mostly been in this business for a long time, very thick skin is a prerequisite. IF you can't handle the heat, stay out of the kitchen, limiting this to 10V+ only means that the criticism will be swift and brutal.


Let's get back to trading, Oh sh!t, price is still where I left it, ah well wishful thinking.
  • #2,565
  • Aug 24, 2011 4:05pm Aug 24, 2011 4:05pm
Quoting cloggie
For that matter, neither am I, if anyone can point to a glaring error in my strategy or analysis, I would welcome the critisism, but only from those few that know what they are talking about, and those numbers are very limited in FF.
...
Enough about this one, PC clearly can't handle the critisism and would probably be better of staying on her own website/forum/mentoring service.
I found a glaring error....




In your spelling... lol
  • #2,566
  • Aug 24, 2011 4:06pm Aug 24, 2011 4:06pm
Quoting bbakker
I found a glaring error....




In your spelling... lol

Noted, Ta
  • #2,567
  • Aug 24, 2011 4:07pm Aug 24, 2011 4:07pm
Quoting Venice
Yep, but this last month has forced me to buckle down and learn trading the 10m. Same rules, same style... just smaller targets.

But as it goes without saying... as a way that I look at the currently daily chart. We are in supply, with the 4444 being the cap.

Had I been paying attention, my sell would have been @ 4444. Factor in 30-50 pips of slip (not uncommon on the daily). Targets would be down to the bottom of the current demand zone (4322). The only thing that then invalidates this is a daily close above 4444. risking 30-50 pips for 130...
  • #2,568
  • Aug 24, 2011 4:08pm Aug 24, 2011 4:08pm
Quoting Chicky
You may like to visit EURUSD thread as well. Atleast one very interesting post discussing you...............

Do you know how to get inivisble?
Sure can you give me # of the post?
  • #2,569
  • Aug 24, 2011 4:16pm Aug 24, 2011 4:16pm
Quoting sofia101
Sure can you give me # of the post?
http://www.forexfactory.com/showthre...13#post4899113

Where do you want me to send the invoice?
The Thief of Wall Street
  • #2,570
  • Aug 24, 2011 4:17pm Aug 24, 2011 4:17pm
Quoting Chicky
http://www.forexfactory.com/showthre...13#post4899113

Where do you want me to send the invoice?
Always a businessman....
  • #2,571
  • Aug 24, 2011 4:19pm Aug 24, 2011 4:19pm
For those witness to todays excitment, and not the weak ass day on the charts, let's go over a little something...

Damned if ya do, damned if ya don't...

Can you post here or not?

Truth is, unless you meet the minimum requirements, you cannot. Should you be able to? Absolutely not, that ain't the point of this thread, but here is the damned if ya don't or can't as it were in this whole situation.

What would happen if you stopped giving a shit about what others say and started posting your charts and trading them? What would happen if you had enough confidence in your own ability that this place meant nothing?

A long while ago, Cloggie cleared his Vouch list. De-vouched all traders who vouched for him. Gave up on the deal and does what he does anyways...Why'd he do that? Who cares, not important. What is important is that in doing that, he still maintained at +10V status. He was not a member who kissed a lot of ass to gain respect from others, and you can see, he still isn't.

Me, I have had my 10v stripped. Yeah, it can happen. INFRACTIONS OVERLOAD. That makes it so that ya cannot post for a couple weeks and lose all of your credentials.

So what?

Sure, if I hadn't continued to do what I do, I couldn't post here today, but I never started at this game so that some guy I never chatted with would open a thread and allow me to post only if I met the criteria.

Do what you do, continue to be who you are. This game ain't about popularity, it's about profitablility and when you gain the respect of others, it won't be for Kissing ass, it will be all old skewl kinda shit..."You earned it".

All smiles, there is money to be made...don't get involved in taking sides...who is right who is wrong, at the end of the day, you can count your principles or you can count your money...

Guess what I do?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #2,572
  • Aug 24, 2011 4:20pm Aug 24, 2011 4:20pm
Still chewing the cud
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Disclaimer: Check your 1m charts
  • #2,573
  • Aug 24, 2011 4:21pm Aug 24, 2011 4:21pm
Quoting Chicky
http://www.forexfactory.com/showthre...13#post4899113

Where do you want me to send the invoice?
Florida COD
  • #2,574
  • Aug 24, 2011 4:22pm Aug 24, 2011 4:22pm
Well said Magix - game ain't about popularity, it's about profitablility

Quoting Magix
For those witness to todays excitment, and not the weak ass day on the charts, let's go over a little something...

Damned if ya do, damned if ya don't...

Can you post here or not?

Truth is, unless you meet the minimum requirements, you cannot. Should you be able to? Absolutely not, that ain't the point of this thread, but here is the damned if ya don't or can't as it were in this whole situation.

What would happen if you stopped giving a shit about what others say and started posting your charts and trading them? What would happen if you...
Disclaimer: Check your 1m charts
  • #2,575
  • Aug 24, 2011 4:24pm Aug 24, 2011 4:24pm
Anyone hungry for some Swissy??
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  • #2,576
  • Aug 24, 2011 4:29pm Aug 24, 2011 4:29pm
yesterday's mofus, and the intraday projected...
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Look Sharp/Trade Tight
  • #2,577
  • Aug 24, 2011 4:30pm Aug 24, 2011 4:30pm
Quoting Venice
Anyone hungry for some Swissy??

Long that from 7890 brother... long term target is Parity( given the proper fundie events pan out)

def expecting some fireworks will be needed to blow through the .8000 level though
  • #2,578
  • Aug 24, 2011 4:31pm Aug 24, 2011 4:31pm
I will show what I am looking for too) Very self explanatory
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  • #2,579
  • Aug 24, 2011 4:33pm Aug 24, 2011 4:33pm
Quoting PayTheLimit
yesterday's mofus, and the intraday projected...
I like it and for some reason only 2 pips off mine )
  • #2,580
  • Aug 24, 2011 4:36pm Aug 24, 2011 4:36pm
this ones for Kenny...55day sliding range, experimental...
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Look Sharp/Trade Tight
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