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The Really Useless Thread

  • #20,361
  • Sep 30, 2011 12:55pm Sep 30, 2011 12:55pm
Quoting sisse
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....
Thanks sisse for the excellent breakdown and comparison. Your points have been well noted... will see if I can add anything to this later on
  • #20,362
  • Sep 30, 2011 1:15pm Sep 30, 2011 1:15pm
purple keeping a lid on it...
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 17 KB
Look Sharp/Trade Tight
  • #20,363
  • Sep 30, 2011 1:17pm Sep 30, 2011 1:17pm
...
Attached Image
Look Sharp/Trade Tight
  • #20,364
  • Sep 30, 2011 1:19pm Sep 30, 2011 1:19pm
Alrighty im done for today, my heart is already aching from all the sleep deprivation, thought id share these.. should be self explanatory as usual

Im going to get some sleep now otherwise im going to fall over dead onto my keyboard.

Have a nice weekend.

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  • #20,365
  • Sep 30, 2011 1:26pm Sep 30, 2011 1:26pm
Quoting PayTheLimit
...
  • #20,366
  • Sep 30, 2011 1:32pm Sep 30, 2011 1:32pm
Quoting kenfen69
Look Sharp/Trade Tight
  • #20,367
  • Sep 30, 2011 1:32pm Sep 30, 2011 1:32pm
Quoting PayTheLimit
  • #20,368
  • Sep 30, 2011 1:33pm Sep 30, 2011 1:33pm
Quoting Venice
x2
Look Sharp/Trade Tight
  • #20,369
  • Sep 30, 2011 1:34pm Sep 30, 2011 1:34pm
Quoting PayTheLimit
x2
Bastard!
  • #20,370
  • Sep 30, 2011 1:35pm Sep 30, 2011 1:35pm
Quoting sisse
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
Yup. crude trading on range bar charts helped me go broke much more slowly.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #20,371
  • Sep 30, 2011 1:36pm Sep 30, 2011 1:36pm
Flattened final portion EU just now...

Attached Image (click to enlarge)
Click to Enlarge Name: 30min.PNG Size: 40 KB


A couple long AU filled while I slept (like a log/dog). One bastard didn't get picked up. Out of one already. Undecided on the weekend hold...may do...

Attached Image (click to enlarge)
Click to Enlarge Name: 1H_AU2.png Size: 33 KB


GJ perked up nicely again, but looks to be forming a double top with LH now. Again...undecided on the hold for the weekend....

Attached Image (click to enlarge)
Click to Enlarge Name: 15minGJ.PNG Size: 54 KB
  • #20,372
  • Sep 30, 2011 1:37pm Sep 30, 2011 1:37pm
late push to the ower purple?
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Click to Enlarge Name: chart3.gif Size: 20 KB
Look Sharp/Trade Tight
  • #20,373
  • Sep 30, 2011 1:38pm Sep 30, 2011 1:38pm
Quoting PayTheLimit
x2
Quoting Venice
Bastard!


The pair of ye!
  • #20,374
  • Sep 30, 2011 1:39pm Sep 30, 2011 1:39pm
Quoting kenfen69
Flattened final portion EU just now...

Attachment

A couple long AU filled while I slept (like a log/dog). One bastard didn't get picked up. Out of one already. Undecided on the weekend hold...may do...

Attachment

GJ perked up nicely again, but looks to be forming a double top with LH now. Again...undecided on the hold for the weekend....

Attachment
nice work bro...
Look Sharp/Trade Tight
  • #20,375
  • Sep 30, 2011 1:39pm Sep 30, 2011 1:39pm
Quoting PayTheLimit
late push to lthe ower purple?
Some appetite on these bears!

Steak and eggs all over the charts.
  • #20,376
  • Sep 30, 2011 1:40pm Sep 30, 2011 1:40pm
Quoting The Fool
Yup. crude trading on range bar charts helped me go broke much more slowly.


what up fool, how you be bro?
Look Sharp/Trade Tight
  • #20,377
  • Sep 30, 2011 1:42pm Sep 30, 2011 1:42pm
Quoting PayTheLimit
nice work bro...


Cocktail inducing shenanigans!

Can't believe its Friday again...already! Any plans, mate?
  • #20,378
  • Sep 30, 2011 1:45pm Sep 30, 2011 1:45pm
Quoting kenfen69


Cocktail inducing shenanigans!

Can't believe its Friday again...already! Any plans, mate?
no really bro, just some R&R...you?
Look Sharp/Trade Tight
  • #20,379
  • Sep 30, 2011 1:45pm Sep 30, 2011 1:45pm
this thing is going out like a pig...nice..
Look Sharp/Trade Tight
  • #20,380
  • Sep 30, 2011 1:47pm Sep 30, 2011 1:47pm
BTW Sisse we need next month to close above 4803 for a green 6...
Look Sharp/Trade Tight
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