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The Really Useless Thread

  • #21,381
  • Oct 4, 2011 4:18am Oct 4, 2011 4:18am
Quoting PayTheLimit
lol, hate that feeling..good luck...
we will see in 15 minutes...
  • #21,382
  • Oct 4, 2011 4:18am Oct 4, 2011 4:18am
Quoting gatorinla
3206 will be the risk.. but under 3174 i target 3150. (3135 on another) a LL.. i c a bunch of support 3117/45 area. i may be on the side watching pa here.
its up to 3205/06 atm
.
those who can, do. those who cant, talk about those who can
  • #21,383
  • Oct 4, 2011 4:25am Oct 4, 2011 4:25am
Quoting FibbinArchie
yeah gotcha, had that on my chart all along, rally stalled out at upper mofu of intraday range 3190, 61.8% is @3195 above, should cap if we're still in st bear mode...

edit- m5 wicks are allowed..
no conviction coming off the level atm, so based on pa- no signal for me, side lines until it resolves...
  • #21,384
  • Oct 4, 2011 4:34am Oct 4, 2011 4:34am
Quoting Larseg
we will see in 15 minutes...

So freaking typical, when we are changing the trend someone have to fuck it up by putting on heaps of position... screwing up the nice trend by not waiting for pullbacks...


freaking morons...
  • #21,385
  • Oct 4, 2011 4:37am Oct 4, 2011 4:37am
Quoting FibbinArchie
no conviction coming off the level atm, so based on pa- no signal for me, side lines until it resolves...

lol a lot of them enjoy
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  • #21,386
  • Oct 4, 2011 4:39am Oct 4, 2011 4:39am
Quoting PayTheLimit
risk to 3308ish..
sold a few more at 3199, stops at 3306ish, pay 3078......lol...
Look Sharp/Trade Tight
  • #21,387
  • Oct 4, 2011 4:40am Oct 4, 2011 4:40am
Quoting PayTheLimit
sold a few more at 3199, stops at 3306ish, pay 3078......lol...
it needs a dtink dam it
  • #21,388
  • Oct 4, 2011 4:45am Oct 4, 2011 4:45am
Quoting PayTheLimit
sold a few more at 3199, stops at 3306ish, pay 3078......lol...

Lets pray together

  • #21,389
  • Oct 4, 2011 4:47am Oct 4, 2011 4:47am
Quoting Larseg
Lets pray together


lol...I even lowered my stop for them...hourly close coming up, should tell the story here with this 3270/93 zone..
Look Sharp/Trade Tight
  • #21,390
  • Oct 4, 2011 4:53am Oct 4, 2011 4:53am
Quoting gatorinla
3237 shes pointing atm
3248.6/3251.. kinda fits.. just 100 pips.. not that much

3357 3463 are others.
those who can, do. those who cant, talk about those who can
  • #21,391
  • Oct 4, 2011 4:54am Oct 4, 2011 4:54am
Quoting gatorinla
3248.6/3251.. kinda fits..

you have anything near 3290/3312
Look Sharp/Trade Tight
  • #21,392
  • Oct 4, 2011 4:57am Oct 4, 2011 4:57am
Quoting gatorinla
3248.6/3251.. kinda fits..

aclose above 14 should do it
  • #21,393
  • Oct 4, 2011 4:58am Oct 4, 2011 4:58am
Quoting PayTheLimit
you have anything near 3290/3312
pa will light the way.. not much atm
those who can, do. those who cant, talk about those who can
  • #21,394
  • Oct 4, 2011 4:59am Oct 4, 2011 4:59am
Quoting PayTheLimit
you have anything near 3290/3312

here 3306
  • #21,395
  • Oct 4, 2011 4:59am Oct 4, 2011 4:59am
understood...
Look Sharp/Trade Tight
  • #21,396
  • Oct 4, 2011 5:07am Oct 4, 2011 5:07am
Quoting PayTheLimit
lol...I even lowered my stop for them...hourly close coming up, should tell the story here with this 3270/93 zone..
hehe,

this is a typical situation which happens so many times...
I know I should close this position and think that I "gained 15pips" for not waiting for my SL to be taken out....

However, this can drop from here to my TP...

I am never sure of what to do... but I think there is a 60%+ chance of SL to be taken out...
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  • #21,397
  • Oct 4, 2011 5:12am Oct 4, 2011 5:12am
Quoting Larseg
hehe,

this is a typical situation which happens so many times...
I know I should close this position and think that I "gained 15pips" for not waiting for my SL to be taken out....

However, this can drop from here to my TP...

I am never sure of what to do... but I think there is a 60%+ chance of SL to be taken out...
a bird in the hand is always better then a turd in the hand.
those who can, do. those who cant, talk about those who can
  • #21,398
  • Oct 4, 2011 5:17am Oct 4, 2011 5:17am
Quoting gatorinla
a bird in the hand is always better then a turd in the hand.

True, but sometimes that bird makes a turd in your hand, like now.

I have however always been jealous of traders that put in a 5% hard stop loss but are looking for retracement(s) or pullback(s) when the trade goes wrong...

Meaning: you might have a 4% in negative before they let you out at a better price around 2-3%... But if it ends up being a full turd they would always have the 5% hard stop loss...

Have to be good at exit though, which no one is...
  • #21,399
  • Oct 4, 2011 5:18am Oct 4, 2011 5:18am
Quoting Larseg
hehe,

this is a typical situation which happens so many times...
I know I should close this position and think that I "gained 15pips" for not waiting for my SL to be taken out....

However, this can drop from here to my TP...

I am never sure of what to do... but I think there is a 60%+ chance of SL to be taken out...
you pick your spots, take your shots, not much else to do, taking some off the table always helps however...
Look Sharp/Trade Tight
  • #21,400
  • Oct 4, 2011 5:23am Oct 4, 2011 5:23am
Quoting kill56
lol a lot of them enjoy
meant specifically in price action behaviour killer, shorted, went for a little snorkel, just came out b/e..
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