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The Really Useless Thread

  • #30,621
  • Nov 2, 2011 10:30am Nov 2, 2011 10:30am
Venice FibbinArchie,
glad to be in good company, same here, apart from the UJ intervention killer extremely difficult to get hold to anything.
Managed to get some on Oil and EU but patterns and levels not very trustworthy and precise.
Selecting right entries seems ok but predicting the duration/length of the moves has been pretty impossible.
Think it's best to stay away a while until things get settled, question is if we addicts are able to
Don't be a hero. Don't have an ego. Always question yourself
  • #30,622
  • Nov 2, 2011 10:41am Nov 2, 2011 10:41am
Tough call atm - as are most pairs
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  • #30,623
  • Nov 2, 2011 10:56am Nov 2, 2011 10:56am
Quoting USD-Bear
Venice FibbinArchie,
glad to be in good company, same here, apart from the UJ intervention killer extremely difficult to get hold to anything.
Managed to get some on Oil and EU but patterns and levels not very trustworthy and precise.
Selecting right entries seems ok but predicting the duration/length of the moves has been pretty impossible.
Think it's best to stay away a while until things get settled, question is if we addicts are able to
yeah, have been getting lots of good entries stopped at break even, need those winners to pay for the losers, highly frustrating...
  • #30,624
  • Edited 11:38am Nov 2, 2011 11:12am | Edited 11:38am
Quoting USD-Bear
...question is if we addicts are able to
Not sure we can. Still, managed to get myself out of a silly long on Cable from yesterday. Now that was a dumb play - based on 4-hr Guppy profile and wish for a bounce.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #30,625
  • Nov 2, 2011 11:35am Nov 2, 2011 11:35am
Now what's going on? ...
  • #30,626
  • Nov 2, 2011 12:37pm Nov 2, 2011 12:37pm
Quoting Venice
Now what's going on? ...
bernanke to speak soon.. ish

http://www.ustream.tv/federalreserve if anyone wants to watch
  • #30,627
  • Nov 2, 2011 12:40pm Nov 2, 2011 12:40pm
Quoting FibbinArchie
heard r trigger is supposed to be pretty effective, how do you find it/use it and on which tfs?

thanks in advance...

just looking for a decent short term confirmation indi aka. holy grail, lol..

You can find it right in platform under oscillators at the bottom, It is very much like CCI only diff is it has predefined expansion top and bottom. Theory says a break of -20 or -80 is yur signal for trade, myself i use -87.5 and -12.5. -50 center is a pivotal point of moxy IMO. It can stay along time in the OS OB for a great while so be careful. A great tool though shows divergences, can also early detect a TL break at or near tops by plotting TL on the valley's as well . Its a great tool but dont suggest using blindly
"Millionaires don't use astrology, billionaires do"
  • #30,628
  • Nov 2, 2011 1:17pm Nov 2, 2011 1:17pm
Fomc def disappointed the big boys... Fed cut all it's economic outlooks as expected...
Ben should set the mid term trend in the next few min here... Lookin for any clue of setting groundwork for further easing... Or targeting of nominal GDP...

My gut tells me he wants to do more stimulus but now is too early

I'm expecting further dollar strength over the mid term without any surprises...
  • #30,629
  • Edited 2:07pm Nov 2, 2011 1:55pm | Edited 2:07pm
i just woke up and looked at my charts with that usual feeling of dread. nah jk same old sht. no QE from Ben. Now Draghi to slash? Israel set to bomb Greece? Hell I can't keep track of it all. NZ employment at 1445 PST will be worth a scalp maybe. Aussie another, retail sales. Cool, gives me time to go out & pick up cans. e/u rate same place it was when i blacked out after ADP...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #30,630
  • Nov 2, 2011 2:10pm Nov 2, 2011 2:10pm
Today may go down in history as the most worthless FOMC meeting ever...

Ben literally said nothing...
  • #30,631
  • Nov 2, 2011 2:10pm Nov 2, 2011 2:10pm
Quoting The Fool
Cool, gives me time to go out & pick up cans...

see ya out there...
Look Sharp/Trade Tight
  • #30,632
  • Nov 2, 2011 2:13pm Nov 2, 2011 2:13pm
Quoting PayTheLimit
see ya out there...
whats up PTL.. how have you been ?
  • #30,633
  • Nov 2, 2011 2:13pm Nov 2, 2011 2:13pm
Not a bad old day. Hit both TP with Loonie and just off euro by 2-3 pips

Quoting pipper
How goes it Piters. Looking for 3830 on EU and DP for Loonie all going well
Disclaimer: Check your 1m charts
  • #30,634
  • Nov 2, 2011 2:14pm Nov 2, 2011 2:14pm
Short Loonie again from 1.0142. Going to leave this overnight i think
Disclaimer: Check your 1m charts
  • #30,635
  • Nov 2, 2011 2:23pm Nov 2, 2011 2:23pm
I totally agree with Lars,
woke up after around 18 hours! and it does feel like lalalala


Quoting Larseg
I have to say; waking up, then going back to bed for another 6-7 hours is a pretty nice job....

lalalala
  • #30,636
  • Nov 2, 2011 2:26pm Nov 2, 2011 2:26pm
do that everyday
Quoting PayTheLimit
he's fallen on Love...we might have lost him for a while..
  • #30,637
  • Nov 2, 2011 2:27pm Nov 2, 2011 2:27pm
Quoting OrionsWay
You can find it right in platform under oscillators at the bottom, It is very much like CCI only diff is it has predefined expansion top and bottom. Theory says a break of -20 or -80 is yur signal for trade, myself i use -87.5 and -12.5. -50 center is a pivotal point of moxy IMO. It can stay along time in the OS OB for a great while so be careful. A great tool though shows divergences, can also early detect a TL break at or near tops by plotting TL on the valley's as well . Its a great tool but dont suggest using blindly...
i think that's the problem with most oscillators, a security isn't ob/os if it is trending, although signals in the direction of trend can be a good set-up... which incidentally is what i believe motivates top/bottom pickers, ie. price breaking to a new high/low suddenly looks like a really appealing bargain, only problem is that if it's trending, it'll go higher/lower...

thanks for the response...

which time frames do you find most effective btw...
  • #30,638
  • Nov 2, 2011 2:30pm Nov 2, 2011 2:30pm
Quoting PayTheLimit
see ya out there...
awright bro. bright day here in the PNW, maple leaves all gold, nice day to drink wine in the sun. just a few more short 10pippers on the e/u m1 waves...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #30,639
  • Nov 2, 2011 2:30pm Nov 2, 2011 2:30pm
Quoting PayTheLimit
see ya out there...
what's with the new avatar? looks like a bloke i used to go to school with..
  • #30,640
  • Nov 2, 2011 2:34pm Nov 2, 2011 2:34pm
well, aside from the initial spike, i must say that i've seen more volatile press conferences..
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