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The Really Useless Thread

  • #28,341
  • Oct 23, 2011 11:16am Oct 23, 2011 11:16am
Quoting pkimnyc
bulls still got little bit of juice left since friday. daily is forming something very interesting, so i would expect it will reject at some point next week. bigger cycle indicates more to the upside. depending how hard we get rejected (if rejects) and the speed to the downside, can change the larger cycle that is still pointing upside. 3800 is an excellent area to watch if the down move doesn't affect the larger cycle.
my cycle since 2008 is still lower. but all cycles end at some point. usdx met its target above the last bottom. so its should be light. watching the new H or L.. the indicators follow pa,
those who can, do. those who cant, talk about those who can
  • #28,342
  • Oct 23, 2011 11:18am Oct 23, 2011 11:18am
Quoting gatorinla
my cycle since 2008 is still lower. but all cycles end at some point. usdx met its target. so its should be light. watching the new H or L.. the indicators follow pa,
yes it does. but if it just lags 1 bar then that's something i can deal with.
  • #28,343
  • Oct 23, 2011 11:25am Oct 23, 2011 11:25am
Quoting pkimnyc
a good signal lines up with pa.
not a damn thing wrong with not trading. watching is a good thing.. we got the db on your chart. we also have a dt from friday.. the rabbit will pop out the hole. he may even return many times. i let them run.. they come back often..
those who can, do. those who cant, talk about those who can
  • #28,344
  • Oct 23, 2011 11:27am Oct 23, 2011 11:27am
Quoting gatorinla
not a damn thing wrong with not trading. watching is a good thing.. we got the db on your chart. we also have a dt from friday.. the rabbit will pop out the hole. he may even return many times. i let them run.. they come back often..
  • #28,345
  • Oct 23, 2011 11:28am Oct 23, 2011 11:28am
Quoting pkimnyc
yes it does. but if it just lags 1 bar then that's something i can deal with.
not me. if i know the stop point (risk) i like the reward of that bar in my pocket.. b.e. is not a bad trade. i love bounces. but to buy at a high like 3899, at least in my trading experiences, is a fools game. a bounce is so much more rewarding, more times then holding the drawdown. you do miss some trades. you miss the drawdowns too. most moves in a particular tf. go an = distance from the last one before proceeding.
those who can, do. those who cant, talk about those who can
  • #28,346
  • Oct 23, 2011 11:32am Oct 23, 2011 11:32am
Quoting gatorinla
not me. if i know the stop point (risk) i like the reward of that bar in my pocket.. b.e. is not a bad trade.
i like confirmation. usually is about 10-20 pips penalty for waiting for confirmation.
  • #28,347
  • Oct 23, 2011 11:38am Oct 23, 2011 11:38am
Quoting pkimnyc
i like confirmation. usually is about 10-20 pips penalty for waiting for confirmation.
i suck at chasing. so i risk less to make more.
those who can, do. those who cant, talk about those who can
  • #28,348
  • Oct 23, 2011 11:41am Oct 23, 2011 11:41am
Quoting gatorinla
not me. if i know the stop point (risk) i like the reward of that bar in my pocket.. b.e. is not a bad trade. i love bounces. but to buy at a high like 3899, at least in my trading experiences, is a fools game. a bounce is so much more rewarding, more times then holding the drawdown. you do miss some trades. you miss the drawdowns too. most moves in a particular tf. go an = distance from the last one before proceeding.
same here.
  • #28,349
  • Oct 23, 2011 11:53am Oct 23, 2011 11:53am
Quoting gatorinla
.. b.e. is not a bad trade. i love bounces. but to buy at a high like 3899, at least in my trading experiences, is a fools game. a bounce is so much more rewarding


I'll have to disagree with that point bother. Many times, in my experiences, buying the highs, or selling the lows, if done at the correct price, can offer r:r's just as close to trying to pick the tops and bottoms. Many times, when I traded on the floor, we would get near at important level, say a weekly or monthly high, and I would buy the that level, or a tick better. Many times r:r was as close to zero as possible, as the market just kept going. The trick was getting out quick enough when it was a false breakout, and not being the one holding the bag, on the turn. I dont practice it as much, but if I see a good area that looks like it might hold a level that might produce a good breakout, I'll take a shot.
Look Sharp/Trade Tight
  • #28,350
  • Oct 23, 2011 11:54am Oct 23, 2011 11:54am
Quoting gatorinla
i suck at chasing. so i risk less to make more.
most times, my interpretation of confirmation comes right after the completion of candle.
  • #28,351
  • Oct 23, 2011 11:55am Oct 23, 2011 11:55am
Quoting PayTheLimit
I'll have to disagree with that point bother. Many times, in my experiences, buying the highs, or selling the lows, if done at the correct price, can offer r:r's just as close to trying to pick the tops and bottoms. Many times, when I traded on the floor, we would get near at important level, say a weekly or monthly high, and I would buy the that level, or a tick better. Many times r:r was as close to zero as possible, as the market just kept going. The trick was getting out quick enough when it was a false breakout, and not being the one holding...
done with eggs?
  • #28,352
  • Oct 23, 2011 11:59am Oct 23, 2011 11:59am
Quoting pkimnyc
same here.
hey we might open at 3977... but it didn't cost me a thing. i cant control the news. but i can control when/where i trade. my old fashioned techs point to 3977 393x 3899...... in the eu... and are very close within now and 37 usdx pips from a bounce or a possible bottom.. so i will have stops tight.. either way..
those who can, do. those who cant, talk about those who can
  • #28,353
  • Oct 23, 2011 11:59am Oct 23, 2011 11:59am
Quoting pkimnyc
done with eggs?
and with pork bellies too...
Look Sharp/Trade Tight
  • #28,354
  • Oct 23, 2011 12:00pm Oct 23, 2011 12:00pm
Quoting PayTheLimit
and with pork bellies too...
filthy bastard....
  • #28,355
  • Oct 23, 2011 12:04pm Oct 23, 2011 12:04pm
Quoting gatorinla
hey we might open at 3977... but it didn't cost me a thing. i cant control the news. but i can control when/where i trade. my old fashioned techs point to 3977 393x 3899...... in the eu... and are very close within now and 37 usdx pips from a bounce or a possible bottom.. so i will have stops tight.. either way..
can't catch every wave. i don't really care much where we open today... will get em later.
  • #28,356
  • Oct 23, 2011 12:07pm Oct 23, 2011 12:07pm
Quoting PayTheLimit;5064390[COLOR=Red
]I'll have to disagree with that point bother.[/color] Many times, in my experiences, buying the highs, or selling the lows, if done at the correct price, can offer r:r's just as close to trying to pick the tops and bottoms. Many times, when I traded on the floor, we would get near at important level, say a weekly or monthly high, and I would buy the that level, or a tick better. Many times r:r was as close to zero as possible, as the market just kept going. The trick was getting out quick enough when it was a false breakout, and not being the one holding the bag, on the turn. I dont practice it as much, but if I see a good area that looks like it might hold a level that might produce a good breakout, I'll take a shot.
thats whats its all about..

thats what its all about

i bet can count more times then not, when we bounced. show me one that worked. ill show you 10 that didnt
those who can, do. those who cant, talk about those who can
  • #28,357
  • Oct 23, 2011 12:14pm Oct 23, 2011 12:14pm
Quoting gatorinla
thats whats its all about..

thats what its all about

i bet can count more times then not, when we bounced. show me one that worked. ill show you 10 that didnt
all I'm saying is that the r:r on a breakout can be just as lucrative at times...
Look Sharp/Trade Tight
  • #28,358
  • Oct 23, 2011 12:15pm Oct 23, 2011 12:15pm
EU @ 1.38182 atm on XE
  • #28,359
  • Oct 23, 2011 12:16pm Oct 23, 2011 12:16pm
Quoting PayTheLimit
all I'm saying is that the r:r on a breakout can be just as lucrative at times...
I suck at breakout.
  • #28,360
  • Oct 23, 2011 12:16pm Oct 23, 2011 12:16pm
Quoting 2046
EU @ 1.38182 atm on XE


bastards....thanks for the quote..
Look Sharp/Trade Tight
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