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The Really Useless Thread

  • #20,341
  • Sep 30, 2011 11:19am Sep 30, 2011 11:19am
Quoting PayTheLimit
bears wouldnt mind a close below 3387 on the week either...
not at all...a full bear monthly candle from top to bottom.

On the other options for the close, 1.334x look a bit far today for a clean swept on the quarterly and 1.362x very unlikely to prevent the monthly break.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #20,342
  • Sep 30, 2011 11:19am Sep 30, 2011 11:19am
may be a bully wedge on the 1min. Long 3435 for a few
Disclaimer: Check your 1m charts
  • #20,343
  • Sep 30, 2011 11:22am Sep 30, 2011 11:22am
Quoting pkimnyc
used to scale positions but not anymore. just pick up on the easy ones in same directions. i build positions that way. returns are very nice.
i can't hedge, so all i can do is build positions in one direction only. lol
There is still ONE way to hedge legally (for now at least) in the U.S.
  • #20,344
  • Sep 30, 2011 11:27am Sep 30, 2011 11:27am
Quoting pipper
may be a bully wedge on the 1min. Long 3435 for a few
the water is muddy for sure here. st.. but when we touched 3434 with today's trend.. im much less convinced about 3505,, as i was 15 m ago.. that one nove put 336x on the table in agreement with 3360 and 334x.

so needless to say watch 3461.. w/o it we go lower. w/o 3505
3450 may be the stop
those who can, do. those who cant, talk about those who can
  • #20,345
  • Sep 30, 2011 11:29am Sep 30, 2011 11:29am
I agree. MA's on 1min are coiling now for next H4 starting for me in 30mins. Looks bullish for a few

Quoting gatorinla
the water is muddy for sure here. st.. but when we touched 3434 with today's trend.. im much less convinced about 3505,, as i was 15 m ago.. that one nove put 336x on the table in agreement with 3360 and 334x.

so needless to say watch 3461.. w/o it we go lower. w/o 3505
Disclaimer: Check your 1m charts
  • #20,346
  • Sep 30, 2011 11:34am Sep 30, 2011 11:34am
Quoting attila
There is still ONE way to hedge legally (for now at least) in the U.S.
too much headache...
  • #20,347
  • Sep 30, 2011 11:34am Sep 30, 2011 11:34am
Quoting gatorinla
the water is muddy for sure here. st.. but when we touched 3434 with today's trend.. im much less convinced about 3505,, as i was 15 m ago.. that one nove put 336x on the table in agreement with 3360 and 334x.

so needless to say watch 3461.. w/o it we go lower. w/o 3505
3450 may be the stop
Stock markets (ES) are about to "capitulate" on the current support and that will definitively open 1.334x. Only late Friday can prevent it now. TA is ready in my charts.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #20,348
  • Sep 30, 2011 11:42am Sep 30, 2011 11:42am
Quoting pipper
I agree. MA's on 1min are coiling now for next H4 starting for me in 30mins. Looks bullish for a few
im not bullish in the least. if it appeared that way.. its wrong. just was looking for a re-short bounce after exits to reload.
those who can, do. those who cant, talk about those who can
  • #20,349
  • Sep 30, 2011 11:45am Sep 30, 2011 11:45am
Me too.. Just trying to catch a few on bounce

Quoting gatorinla
im not bullish in the least. if it appeared that way.. its wrong. just was looking for a re-short bounce after exits to reload.
Disclaimer: Check your 1m charts
  • #20,350
  • Sep 30, 2011 11:46am Sep 30, 2011 11:46am
Have 3478/79ish as next stop
Disclaimer: Check your 1m charts
  • #20,351
  • Edited 12:09pm Sep 30, 2011 11:49am | Edited 12:09pm
Quoting sisse
not at all...a full bear monthly candle from top to bottom.

On the other options for the close, 1.334x look a bit far today for a clean swept on the quarterly and 1.362x very unlikely to prevent the monthly break.

sisse
red 6 brother, red 6....
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 20 KB
Look Sharp/Trade Tight
  • #20,352
  • Sep 30, 2011 11:49am Sep 30, 2011 11:49am
Quoting sisse
Stock markets (ES) are about to "capitulate" on the current support and that will definitively open 1.334x. Only late Friday can prevent it now. TA is ready in my charts.

sisse
Inserted Video
those who can, do. those who cant, talk about those who can
  • #20,353
  • Sep 30, 2011 11:51am Sep 30, 2011 11:51am
Quoting PayTheLimit
red 6 brother, red 6....
  • #20,354
  • Sep 30, 2011 11:52am Sep 30, 2011 11:52am
Quoting PayTheLimit
red 6 brother, red 6....
wtf is that? :o
  • #20,355
  • Sep 30, 2011 12:02pm Sep 30, 2011 12:02pm
Quoting PayTheLimit
red 6 brother, red 6....
Nice 6s bro ...What are they?

@ gator

no not really, there is 3 consecutive daily S below and a weekly one in the ES so it will need more than a cough on a Friday afternoon.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #20,356
  • Sep 30, 2011 12:13pm Sep 30, 2011 12:13pm
Quoting sisse
Nice 6s bro ...What are they?


sisse
mind you I was drinking when I made the chart, will need to check it...

its a 6month slide...red/green 6 depends on the close of the bar compared to 6 bars back...so this months close is lower than the close from 6 bars ago...red 6..., or thats the idea anyway, like I said I will go back and check for errors..
Look Sharp/Trade Tight
  • #20,357
  • Sep 30, 2011 12:23pm Sep 30, 2011 12:23pm
Quoting PayTheLimit
mind you I was drinking when I made the chart, will need to check it...

its a 6month slide...red/green 6 depends on the close of the bar compared to 6 bars back...so this months close is lower than the close from 6 bars ago...red 6..., or thats the idea anyway, like I said I will go back and check for errors..
Excellent .... Same process here, drink in hand and making all charts for next quarter...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #20,358
  • Sep 30, 2011 12:26pm Sep 30, 2011 12:26pm
Quoting sisse
Excellent .... Same process here, drink in hand and making all charts for next quarter...

sisse
nice..hey might have to try a sliding quarterly...
Look Sharp/Trade Tight
  • #20,359
  • Edited 12:49pm Sep 30, 2011 12:39pm | Edited 12:49pm
While were on the topic of different charts...

Does anyone use tick charts? I'd be curious to give them a go.

Meaning, of course, x amount of ticks per bar.
  • #20,360
  • Sep 30, 2011 12:51pm Sep 30, 2011 12:51pm
Quoting Venice
While were on the topic of different charts...

Does anyone use tick charts? I'd be curious to give them a go.
Mix feelings here. For sure worthless for forex both const vol or tick charts

Shortcomings:
1. U lose control of time. Which is key in my case becasue I want I know when and "who" (a FF newbie or pre news/reactions, etc)
2. Not controling the frequency of each bar, you may lose persepctive in when to look at the screen and when not.
3. Only you have that S/R or whatever...meaning defeat the whole purpose of TA which is for me knowing what everybody or at least most are doing (...and do the oppsite ).
4. Useless for macro direction
5. Most of the good signals come during fast market conditions so bars form very fast and what you see after is not what you get before the fact.

Benefits:
1. No time means sharper charts. No unnecessary bars
2. Cleaner indicators if you use them
3. Good for triggers if you are in the green or red candle for triggers

In general, I would recommend you to explore them as trigger charts for very fast and wild instruments (i.e oil, NG, even DAX...) but not as replacement for time charts

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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