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The Really Useless Thread

  • #6,221
  • Aug 31, 2011 1:28pm Aug 31, 2011 1:28pm
Feckin exhausted... eh
  • #6,222
  • Aug 31, 2011 1:29pm Aug 31, 2011 1:29pm
Quoting PayTheLimit
looks like I have 4362 as the open this month, somehow I think thats off a tad..
Since the 1st was a Monday, Frankie's open at 2AM ET on the 2nd would be their month open, then, correct?
  • #6,223
  • Aug 31, 2011 1:29pm Aug 31, 2011 1:29pm
Quoting OldQuant
A lot of young-uns don't want to learn; they just want somebody to call the plays in for them. And if you don't do that, then you're a selfish miser who has the holy grail and won't share.

Yup.


Ah well, outta here, got visitors coming over that need entertaining.


See y'all at the FO, depending on the amounts of red I will consume.....
  • #6,224
  • Aug 31, 2011 1:32pm Aug 31, 2011 1:32pm
Here is the market at 1AM CT (2AM ET) on the early morning of Aug 1 US time.

00065|00034|01:00:00.000|1.438600| (bid)
00066|00034|01:00:00.000|1.438700| (ask)

Not close to what you have...

I don't know why, I just can't get my mind around this. The day started at 5PM ET on the 31st. Yeah, that's right. Those prices are Frankie open on Aug 1. (I think).
  • #6,225
  • Aug 31, 2011 1:33pm Aug 31, 2011 1:33pm
Quoting OldQuant
A lot of young-uns don't want to learn; they just want somebody to call the plays in for them. And if you don't do that, then you're a selfish miser who has the holy grail and won't share.

Kids are like that when you first put them on a two-wheel bicylce; they don't ever want you to stop walking along holding the bike up while the pedal.
I'm not sure why someone doesn't want to continually learn. I just don't understand it. My brain doesn't understand it.

Learning is something I strive for each and every day. In everything. Even in arts. For instance, I currently have on my list of to-do's to re-learn Spanish, learn a bit of German... learn to play the piano. I am constantly striving to want to learn. I like the information availability, but I fear it has turned off the critical thinking side of peoples brains.

I'm not even that smart either.
  • #6,226
  • Aug 31, 2011 1:34pm Aug 31, 2011 1:34pm
Quoting PayTheLimit
where did this month open?
lol... sorry didn't get where you were aiming ....

August opened on Monday 1st. Weekend, so opening range. The monthly opening NY aligned level is @ 1.4384 level. The "opening range" (for H4 and above purposes) extends to the London open aligned at 1.4357.

When weekend happens for TA purposes I use the monthly roll as proven stronger level. The exact level for August is 1.4372 which exactly what we are trading right now (also daily S).

I hope it answer the question.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #6,227
  • Aug 31, 2011 1:36pm Aug 31, 2011 1:36pm
Quoting sisse
lol... sorry didn't get where you were aiming ....

August opened on Monday 1st. Weekend, so opening range. The monthly opening NY aligned level is @ 1.4384 level. The "opening range" (for H4 and above purposes) extends to to London open aligned at 1.4357.

When weekend happens for TA purposes I use the monthly roll as proven stronger level. The exact level for August is 1.4372 which exactly what we are trading right now (also daily S).

I hope it answer the question.

sisse
thanks brother, I hade made a note of it but lost it...was just wondering where we go red on the month..
Look Sharp/Trade Tight
  • #6,228
  • Aug 31, 2011 1:38pm Aug 31, 2011 1:38pm
Quoting OldQuant
Here is the market at 1AM CT (2AM ET) on the early morning of Aug 1 US time.

00065|00034|01:00:00.000|1.438600| (bid)
00066|00034|01:00:00.000|1.438700| (ask)

Not close to what you have...

I don't know why, I just can't get my mind around this. The day started at 5PM ET on the 31st. Yeah, that's right. Those prices are Frankie open on Aug 1. (I think).

lol, damn time zones, thanks bud

let me ask you this...does corn still open at 09:30 and close at 13:15 ?
Look Sharp/Trade Tight
  • #6,229
  • Aug 31, 2011 1:39pm Aug 31, 2011 1:39pm
Quoting PayTheLimit
thanks brother, I hade made a note of it but lost it...was just wondering where we go red on the month..
100% inside bar so irrelevant in my books.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #6,230
  • Aug 31, 2011 1:39pm Aug 31, 2011 1:39pm
Quoting PayTheLimit
thanks brother, I hade made a note of it but lost it...was just wondering where we go red on the month..
I have 4397 as a pretty big fricken deal to close below for the month.

should that happen, back to 4480'ish then say goodbye to the bulls.
  • #6,231
  • Aug 31, 2011 1:40pm Aug 31, 2011 1:40pm
Quoting cloggie
It pisses me off though how often it goes on here. That is the problem with all the advertising and fake success stories here, they all think they can become rich overnight and can beg or borrow something that is going to get them there not realising that it takes years, blood, sweat and tears to make it in this business. The main reason why so very few succeed is because most of them are just not willing to put the time and effort into making it in this business.

When scammers show up and lure unsuspecting noobs into a non existent shortcut,...
i know bro i hate the shit too...
  • #6,232
  • Aug 31, 2011 1:41pm Aug 31, 2011 1:41pm
Quoting sisse
100% inside bar so irrelevant in my books.

sisse
well someone has to claim the month...bears have it now..
Look Sharp/Trade Tight
  • #6,233
  • Aug 31, 2011 1:41pm Aug 31, 2011 1:41pm
Yeah, those above a right. Here's the 1M chart, in ET scaling.
Attached Image
  • #6,234
  • Aug 31, 2011 1:42pm Aug 31, 2011 1:42pm
Quoting Venice
I'm not sure why someone doesn't want to continually learn. I just don't understand it. My brain doesn't understand it.

Learning is something I strive for each and every day. In everything. Even in arts. For instance, I currently have on my list of to-do's to re-learn Spanish, learn a bit of German... learn to play the piano. I am constantly striving to want to learn. I like the information availability, but I fear it has turned off the critical thinking side of peoples brains.

I'm not even that smart either.
Well, most people want everything fast now ,fast food ,fast money ,they don't want to learn ,they just want to grab
  • #6,235
  • Aug 31, 2011 1:44pm Aug 31, 2011 1:44pm
Quoting sofia101
Well, most people want everything fast now ,fast food ,fast money ,they don't want to learn ,they just want to grab
Something I hope I can manage to not instill in my kids when I get around to having them... as my parents did for me.

"You want something? You work your ass off and go get it".

They weren't the most elegant when it came to words... but the point was always made. LOL
  • #6,236
  • Aug 31, 2011 1:47pm Aug 31, 2011 1:47pm
Quoting Venice
Something I hope I can manage to not instill in my kids when I get around to having them... as my parents did for me.

"You want something? You work your ass off and go get it".
I am glad i grown up in Russia ,I had to play piano ,and take ballet ,and go to college ,and learn not to believe in everything I read ,LOL And I do read a lot )
  • #6,237
  • Aug 31, 2011 1:48pm Aug 31, 2011 1:48pm
Quoting PayTheLimit
lol, damn time zones, thanks bud

let me ask you this...does corn still open at 09:30 and close at 13:15 ?
Well, sure. If it hasn't rained by 1 o'clock, it isn't going to. That'll never change. The trading could go 99% electronic, and some of them would set up card tables in the pit and play cards for four hours and then go home.
  • #6,238
  • Aug 31, 2011 1:49pm Aug 31, 2011 1:49pm
Quoting PayTheLimit
well someone has to claim the month...bears have it now..
Well yes if you just take 1 single bar out of context. But why don't check April bar as MIB (inside bars = range.... in my words) to have the monthly outlook (btw, better and clearer seen on the quarterly chart).

In any case a shorter term outlook, agree with Venice on the daily S 1.437x. Today close below can extend the daily wave down till daily/weekly S @ 1.425x and will align daily with weekly for the 1st time in 2 months (good sign for a break of that monthly range to any side later) .

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #6,239
  • Aug 31, 2011 1:54pm Aug 31, 2011 1:54pm
Quoting PayTheLimit
well someone has to claim the month...bears have it now..
Looking at the 4H chart we did not yet go back to 50 fib I will make my mind after that
  • #6,240
  • Aug 31, 2011 1:54pm Aug 31, 2011 1:54pm
Quoting PayTheLimit
well someone has to claim the month...bears have it now..
roar!
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