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The Really Useless Thread

  • #13,721
  • Sep 16, 2011 10:02am Sep 16, 2011 10:02am
Quoting gatorinla
im not a volume guy.. but it you are go to a 15 and compare volume on both legs down.. i know volume sucks in forex.. anyway c if the last leg comparable is stronger or weaker. if weaker we may reverse. at least odds increase. and vice verse ... since im not a volume guy and dont know how to read it. drop us a line. btw target hit
Volume is 100% useless in forex...nothing to see here...move along.
  • #13,722
  • Sep 16, 2011 10:03am Sep 16, 2011 10:03am
Quoting cloggie
Momentum bar on the 5, so we are going back in the channel, no choice.

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  • #13,723
  • Sep 16, 2011 10:04am Sep 16, 2011 10:04am
Quoting cloggie
Here is the same hourly zoomed into 5, that does make today's action a little simpler.

She is struggling getting to that bottom diagonal, the hourly lTL. We are now heading back to the bottom of the lower hourly channel for another test

Exactly...but in the last post of mine I C 3 things....1. some exhaustion (not follow through around the UTL (39367 area))...and an 2. now a test of the lower tl with a HL 3. 37220 area, which is another untested area
  • #13,724
  • Sep 16, 2011 10:04am Sep 16, 2011 10:04am
Sorry guys I am hogging the thread with some basic stuff here. NP caught me in a good mood though.


Moving on, back to the bastards.
  • #13,725
  • Sep 16, 2011 10:06am Sep 16, 2011 10:06am
Quoting needpips
Exactly...but in the last post of mine I C 3 things....1. some exhaustion (not follow through around the UTL (39367 area))...and an 2. now a test of the lower tl with a HL 3. 37220 area, which is another untested area

You need to keep up, that play has long gone. I am giving you a play by play what is happening right now. And I don't care about "untested areas" they are irrelevant. Trade of what you do know. look at the progression of my play by play and the charts I added. On each post I tell you where we are going and it went exactly where I told you it would.

Keep up on the lower TF's, your higher ones are guidance, don't get bogged down on them.
  • #13,726
  • Sep 16, 2011 10:10am Sep 16, 2011 10:10am
Quoting cloggie
Sorry guys I am hogging the thread with some basic stuff here. NP caught me in a good mood though.


Moving on, back to the bastards.
You're not hogging anything, mate.

Nice to see some charts and play by play with how you break it down live...great stuff!

Wish you did it more, but it can be a pain in the azz, I know, and takes time, too...appreciate the effort.
  • #13,727
  • Sep 16, 2011 10:11am Sep 16, 2011 10:11am
time to look for tired candles. anywhere below the 3745 area. if we break that high. then higher indicated.
those who can, do. those who cant, talk about those who can
  • #13,728
  • Sep 16, 2011 10:12am Sep 16, 2011 10:12am
Quoting kenfen69
You're not hogging anything, mate.

Nice to see some charts and play by play with how you break it down live...great stuff!

Wish you did it more, but it can be a pain in the azz, I know, and takes time, too...appreciate the effort.

It is a pain, because I can't trade while I do it. Takes too much time to keep up with the play by play and where price is going next.

Ah well, testing that lower channel again. IT will hold and we will stay inside of it...How do I know that? momentum bar going in, failed test of the mid and the low, no bearish candle pattern, perfect opens and closes on the TL, no appetite to take it lower just yet.

Wait to see how the next test of the low of the first bar inside the channel fairs.
  • #13,729
  • Sep 16, 2011 10:15am Sep 16, 2011 10:15am
Quoting cloggie

Wait to see how the next test of the low of the first bar inside the channel fairs.

That was a fake 'n shake. (I am talking the M5 here)
  • #13,730
  • Sep 16, 2011 10:16am Sep 16, 2011 10:16am
Quoting cloggie
That was a fake 'n shake. (I am talking the M5 here)
Another close right on the TL, no appetite to take it lower just yet, ignore the wicks on these kind of plays.

I make it a bit easier on my charts, only few bars have wicks and there is a reason behind it.


Waiting for the next bar to see what that one does. This is a typical area where there are no trades, unless you are in one and can protect profit some way.
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  • #13,731
  • Sep 16, 2011 10:18am Sep 16, 2011 10:18am
Quoting cloggie
Another close right on the TL, no appetite to take it lower just yet, ignore the wicks on these kind of plays.
.

Now we have an open right on the TL, time to see if this is another fake 'n shake (not likely)
  • #13,732
  • Sep 16, 2011 10:18am Sep 16, 2011 10:18am
Quoting cloggie
(not likely)



1 minute left to close, lets see where it closes. A close below the lTL, will only invite a momentum bar next, a close above will only give us another open on the lTL to repeat the process.
  • #13,733
  • Sep 16, 2011 10:19am Sep 16, 2011 10:19am
Quoting cloggie
It is a pain, because I can't trade while I do it. Takes too much time to keep up with the play by play and where price is going next.

Ah well, testing that lower channel again. IT will hold and we will stay inside of it...How do I know that? momentum bar going in, failed test of the mid and the low, no bearish candle pattern, perfect opens and closes on the TL, no appetite to take it lower just yet.

Wait to see how the next test of the low of the first bar inside the channel fairs.
whenever I think about you, this comes to my mind.

http://loveisnotafeeling.files.wordp...pg?w=450&h=539
  • #13,734
  • Sep 16, 2011 10:19am Sep 16, 2011 10:19am
?
Attached Image
those who can, do. those who cant, talk about those who can
  • #13,735
  • Sep 16, 2011 10:20am Sep 16, 2011 10:20am
Quoting cloggie
Another close right on the TL, no appetite to take it lower just yet, ignore the wicks on these kind of plays.

I make it a bit easier on my charts, only few bars have wicks and there is a reason behind it.


Waiting for the next bar to see what that one does. This is a typical area where there are no trades, unless you are in one and can protect profit some way.
ok...stupid comment from me, but as I C the test and fail of the mid I believe it to bea fail, therefore if the LTLtests and fails its a SH...
  • #13,736
  • Sep 16, 2011 10:21am Sep 16, 2011 10:21am
sorry to disturb, but that's hillarious

http://www.geekologie.com/2011/04/21/bert-1.jpg
  • #13,737
  • Sep 16, 2011 10:21am Sep 16, 2011 10:21am
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  • #13,738
  • Sep 16, 2011 10:21am Sep 16, 2011 10:21am
Quoting cloggie

a close above will only give us another open on the lTL to repeat the process.



Same shit different bar.
  • #13,739
  • Sep 16, 2011 10:21am Sep 16, 2011 10:21am
Quoting gatorinla
?
??
Attached Image
those who can, do. those who cant, talk about those who can
  • #13,740
  • Sep 16, 2011 10:22am Sep 16, 2011 10:22am
i added another on it earlier bc the first one more than paid for it...

anyway will close out the second if it does not continue.....


had a rough start but this got me back in the game
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