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The Really Useless Thread

  • #36,501
  • Nov 28, 2011 8:58am Nov 28, 2011 8:58am
my week will certainly be slower. going to london again tomorrow. then flying out on friday, so will miss the nfp

I would assume trading would only make sense up to mid december ? if that
  • #36,502
  • Nov 28, 2011 9:00am Nov 28, 2011 9:00am
Quoting darimik
my week will certainly be slower. going to london again tomorrow. then flying out on friday, so will miss the nfp

I would assume trading would only make sense up to mid december ? if that
I'm going to go with, it doesn't make sense from January to December. lol
  • #36,503
  • Nov 28, 2011 9:01am Nov 28, 2011 9:01am
Bull set up at top still & so closed short scalping & waiting go top again to see if again short .or unable up & breaks below 3360 to have the channel bottom 3308/12. may be later , breaking down , 42, 35 care , may lead to gap filling action . go down .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #36,504
  • Nov 28, 2011 9:05am Nov 28, 2011 9:05am
let the work begin

hapipipin

Quoting AllyB
slight change
dreams do come true.
  • #36,505
  • Nov 28, 2011 9:06am Nov 28, 2011 9:06am
Quoting Venice
I'm going to go with, it doesn't make sense from January to December. lol
very true
  • #36,506
  • Nov 28, 2011 9:17am Nov 28, 2011 9:17am
Quoting AllyB
slight change
Will drag trades onto chart later
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" Never let the past hold the future to ransom "
  • #36,507
  • Nov 28, 2011 9:21am Nov 28, 2011 9:21am
again


Quoting Gleneagles
Will drag trades onto chart later
dreams do come true.
  • #36,508
  • Nov 28, 2011 9:22am Nov 28, 2011 9:22am
Quoting Gleneagles
Will drag trades onto chart later
Does that MA line repaint?
  • #36,509
  • Nov 28, 2011 9:23am Nov 28, 2011 9:23am
Quoting PayTheLimit
why the bastards gotta make it so difficult...
to be fair its only a bounce. of course S&P is on fire and all.

I was trying to work out some sort of relationship to eliminate the bias in looking for a direction. does not seem that easy. calculating something seems to be lagging by its very nature. maybe it has to measure the bar volatility at the very beginning of one of the sessions. pivots and support levels predict somewhat potential stopping points, but even then it would be nice to have a confirmation (calculating ticks essentially near every level).

other than that its all a bit dark. bias, prediction, interpretations, etc.

one thing is certain - trading is hard
  • #36,510
  • Nov 28, 2011 9:24am Nov 28, 2011 9:24am
headlines like these make me laugh

LONDON (Dow Jones)--Currency-dealing systems owned by Thomson Reuters Corp. (TRI) will be ready to adapt to any changes in the euro zone, the company said in an emailed statement Monday.
"If and when we see changes in the euro zone, our systems will be ready to adapt to those conditions," a spokeswoman said.
"Thomson Reuters currency dealing systems are specifically designed so that we can add and remove currencies very easily and quickly. The systems are built and tested to cope with very significant volumes," she added.
Thomson Reuters operates one of two key dealing systems that banks use to trade with each other. Its rival EBS, which is owned by ICAP PLC (IAP.LN), said Sunday that it was testing trades in Greek drachma against both the dollar and the euro as a precautionary measure.
  • #36,511
  • Nov 28, 2011 9:25am Nov 28, 2011 9:25am
Quoting darimik
to be fair its only a bounce. of course S&P is on fire and all.

I was trying to work out some sort of relationship to eliminate the bias in looking for a direction. does not seem that easy. calculating something seems to be lagging by its very nature. maybe it has to measure the bar volatility at the very beginning of one of the sessions. pivots and support levels predict somewhat potential stopping points, but even then it would be nice to have a confirmation (calculating ticks essentially near every level).

other than that its all a bit...
I've become quite found of fractals to determine bias.
  • #36,512
  • Nov 28, 2011 9:29am Nov 28, 2011 9:29am
Quoting Gleneagles
Will drag trades onto chart later
those are the levels i started with a few hours ago and I think i have tried every line in between only to end up back where i started ... thanks for posting and now i can leave them alone!
  • #36,513
  • Nov 28, 2011 9:30am Nov 28, 2011 9:30am
Quoting Venice
I've become quite found of fractals to determine bias.
you have mentioned that before.. I have never dealt with them. never heard of it really. always hated geometry.

there is some sort of indicators you apply to your charts? however, you really have to understand how they are made in order to apply them correctly. at least thats how I like to think.
  • #36,514
  • Nov 28, 2011 9:31am Nov 28, 2011 9:31am
Quoting Venice
Does that MA line repaint?
No..only the damn candles on this chart
" Never let the past hold the future to ransom "
  • #36,515
  • Nov 28, 2011 9:31am Nov 28, 2011 9:31am
Quoting Gleneagles
Will drag trades onto chart later
smoothish...
Look Sharp/Trade Tight
  • #36,516
  • Nov 28, 2011 9:32am Nov 28, 2011 9:32am
Quoting darimik
shorted S&p 1189.4 (not the future). stops not too far away. nap time
that was another red -20.

not upset about it. just want to improve my strategy. As I catch myself taking unnecessary trades. it was one of the charts. it was valid at the time.
  • #36,517
  • Nov 28, 2011 9:34am Nov 28, 2011 9:34am
Quoting darimik
to be fair its only a bounce. of course S&P is on fire and all.

I was trying to work out some sort of relationship to eliminate the bias in looking for a direction. does not seem that easy. calculating something seems to be lagging by its very nature. maybe it has to measure the bar volatility at the very beginning of one of the sessions. pivots and support levels predict somewhat potential stopping points, but even then it would be nice to have a confirmation (calculating ticks essentially near every level).

other than that its all a bit dark....
I dont think you will ever meet a trader that doesn't have a bias, I dont think its even possible. The trick is being able to change your bias.
Look Sharp/Trade Tight
  • #36,518
  • Nov 28, 2011 9:36am Nov 28, 2011 9:36am
Quoting darimik
you have mentioned that before.. I have never dealt with them. never heard of it really. always hated geometry.

there is some sort of indicators you apply to your charts? however, you really have to understand how they are made in order to apply them correctly. at least thats how I like to think.

Yep. Indicator. Really, a fractal is nothing more where

out of 5 bars,

upper fractal = the middle bar is the highest high, with two lower highs on each side

lower fractal = the middle bar is the lowest low, with two higher lows on each side.

This very nature makes them tend to paint about 95% of the swing highs/lows. So once one is established, every time we close above an upper fractal, my bias is long. Every time we close below a lower fractal, my bias is short. It really is nothing more than visualizing the stair steps.

Nothing that can't be seen on the charts without them, but it just helps me visualize a little better.

It's all I have on my charts, the fractals and candles. lol. But, from my testing, a fractal formation is not a consistent signal to trade. I'm more interested in what happens when price comes back to a previously established fractal.
  • #36,519
  • Nov 28, 2011 9:37am Nov 28, 2011 9:37am
Quoting PayTheLimit
I dont think you will ever meet a trader that doesn't have a bias, I dont think its even possible. The trick is being able to change your bias.
I've kept my bias to: the markets are bastards.

Has really helped lately. lol
  • #36,520
  • Nov 28, 2011 9:38am Nov 28, 2011 9:38am
and this is my last trade of the session. my new resolution is to post my trades more often checks and balances type of thing

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