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The Really Useless Thread

  • #8,421
  • Sep 6, 2011 1:46am Sep 6, 2011 1:46am
Quoting kenfen69
Close above 78ish would be good here, yeah? What level completes it for you?
close above last hours high...
Look Sharp/Trade Tight
  • #8,422
  • Sep 6, 2011 1:47am Sep 6, 2011 1:47am
Quoting kenfen69
Oh man...don't tell me you're running on fumes already!
no way dude, i'm good to go... and just to make sure I'm gonna run across the street and grab some coffee.... brb
  • #8,423
  • Sep 6, 2011 1:48am Sep 6, 2011 1:48am
Quoting PayTheLimit
close above last hours high...
Wow...last hour's high gets the...about face. What about the previous hour? You have the three candles highlighted. Any significance of it, or is it just that pain in the arse elliptical tool in MT4?
  • #8,424
  • Sep 6, 2011 1:49am Sep 6, 2011 1:49am
Quoting Monroe
no way dude, i'm good to go... and just to make sure I'm gonna run across the street and grab some coffee.... brb
.
  • #8,425
  • Sep 6, 2011 1:50am Sep 6, 2011 1:50am
Quoting kenfen69
Wow...last hour's high gets the...about face. What about the previous hour? You have the three candles highlighted. Any significance of it, or is it just that pain in the arse elliptical tool in MT4?
Don't know about that, but I think we'll be going up from here. But that's just me, maybe. As I said, I'll be only looking for longs today.
  • #8,426
  • Sep 6, 2011 1:55am Sep 6, 2011 1:55am
Quoting kenfen69
Hahahhaha...what the feck else is there to do in a JUST freshly printed 60 pip range. Was only 40 or so until recently. Bastards!

true that,

any readings on the news? 20 mins....
  • #8,427
  • Sep 6, 2011 1:56am Sep 6, 2011 1:56am
Nice Aussie action...

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  • #8,428
  • Sep 6, 2011 1:56am Sep 6, 2011 1:56am
Quoting kenfen69
Wow...last hour's high gets the...about face. What about the previous hour? You have the three candles highlighted. Any significance of it, or is it just that pain in the arse elliptical tool in MT4?
it's a two bar/candle pattern... though i guess 2 previous down bars doesn't matter much... just the reaction off the lows above the previous bar is the action at the right spots.
  • #8,429
  • Sep 6, 2011 1:59am Sep 6, 2011 1:59am
Quoting Monroe
it's a two bar/candle pattern...
Switch to H4...is it it shaping up to be equally as impressive?
  • #8,430
  • Sep 6, 2011 2:02am Sep 6, 2011 2:02am
Quoting attila
Don't know about that, but I think we'll be going up from here. But that's just me, maybe. As I said, I'll be only looking for longs today.
Well 500 ticks non stop no retrace move down looks more than healthy to take profits and take a breather at least.... All TF below weekly are clean in my chart and only monthly chart is in play at the current levels. I only have 1.400x below and if broken (is weekly range since April) a clean, "easy" and fast ride to 1.389x.

To the long side, only the last breakout points tradable starting with 1.414x and after 1.422x. Above daily is clean air to back to the top of the range 1.451x....

For today intraday, Monthly / daily rejection of lows is in play (good setup) at last daily S (1.409x) and looking for Gold to 1980 on more bad reports...

GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,431
  • Sep 6, 2011 2:02am Sep 6, 2011 2:02am
Quoting Larseg
any readings on the news? 20 mins....
Oh man...you never know with that CHF!

No idea what they'll pull out of the hat next. Heard they may put in some sort of "cap" against the EUR. I have a couple pending orders placed...many above where we're at, in case they intervene. Same with YEN.
  • #8,432
  • Sep 6, 2011 2:03am Sep 6, 2011 2:03am
Quoting kenfen69
Switch to H4...is it it shaping up to be equally as impressive?
yea looks like a big f-you on 4hour. when did your 4-hour bar start in EST time?
  • #8,433
  • Sep 6, 2011 2:06am Sep 6, 2011 2:06am
Right now I have 4150 doable....
Quoting sisse
Well 500 ticks non stop no retrace move down looks more than healthy to take profits and take a breather at least.... All TF below weekly are clean in my chart and only monthly chart is in play at the current levels. I only have 1.400x below and if broken (is weekly range since April) a clean, "easy" and fast ride to 1.389x.

To the long side, only the last breakout points tradable starting with 1.414x and after 1.422x. Above daily is clean air to back to the top of the range 1.451x....

For today intraday, Monthly / daily rejection of lows...
  • #8,434
  • Sep 6, 2011 2:06am Sep 6, 2011 2:06am
Quoting kenfen69
Wow...last hour's high gets the...about face. What about the previous hour? You have the three candles highlighted. Any significance of it, or is it just that pain in the arse elliptical tool in MT4?
its a two bar combo...that you sometimes see at the end of a trend...the first candle makes a swing low and is the low close of the move, then the second candle's open/low holds the previous candles close...(this one took it out by tenths I think...) and closes above above the last candles high...I noticed them years ago in when I traded S&P's, on shorter term charts like the 1min/5min/15min...on those TF's it gave you a cheap play at trying to pick the low...also used them in the meats, grains, and softs on the hourly and daily TF's...
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Look Sharp/Trade Tight
  • #8,435
  • Sep 6, 2011 2:08am Sep 6, 2011 2:08am
free ride
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  • #8,436
  • Sep 6, 2011 2:09am Sep 6, 2011 2:09am
Watching that too... But I knew it was going to print it before it did...
Either way the H1 shows bullish engulfing.... It took money to get that done. I don't think they'll let it go...
Quoting PayTheLimit
its a two bar combo...that you sometimes see at the end of a trend...the first candle makes a swing low and it the low close of the move, then the second candle open/low holds the previous candles close...(this one took it out by tenths I think...) and closes above above the last candles high...I noticed them years ago in when I traded S&P's, on shorter term charts like the 1min/5min/15min...on those TF's it gave you a cheap play at trying to pick the low...also used them in the meats, grains, and softs on the hourly and daily TF's...
  • #8,437
  • Sep 6, 2011 2:11am Sep 6, 2011 2:11am
Quoting attila
Watching that too... But I knew it was going to print it before it did...
well you'll be rich in no time then...
Look Sharp/Trade Tight
  • #8,438
  • Sep 6, 2011 2:13am Sep 6, 2011 2:13am
4131 will be a key area if we get there, might make it or break it...anyway would like to see a test of it...
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Look Sharp/Trade Tight
  • #8,439
  • Sep 6, 2011 2:13am Sep 6, 2011 2:13am
Quoting PayTheLimit
well you'll be rich in no time then...
I wish... LOL. I don't want to be rich, I just want to be free.
  • #8,440
  • Sep 6, 2011 2:13am Sep 6, 2011 2:13am
Quoting PayTheLimit
well you'll be rich in no time then...
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