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The Really Useless Thread

  • #43,421
  • Dec 29, 2011 8:13am Dec 29, 2011 8:13am
Quoting kenfen69
Yeah...I don't like them odds.
not actually done the maths, but hear that figure quoted often, depends on underlying market dynamics i guess, always gotta read it in context...
  • #43,422
  • Dec 29, 2011 8:13am Dec 29, 2011 8:13am
dreams do come true.
  • #43,423
  • Dec 29, 2011 8:15am Dec 29, 2011 8:15am
Quoting gatorinla
its not a failed b/o, its normal pa.. more times then not we bounce first.
Agreed. But...I would say there is an awful lot of money made by blowing through a level by 10-20pips and picking up all the sitting duck stops.

Not really sure if it works better in stocks/commodities, but in Forex...would be one of the first things I told people NOT to do.
  • #43,424
  • Dec 29, 2011 8:15am Dec 29, 2011 8:15am
Quoting wannaberich
Inserted Video
  • #43,425
  • Dec 29, 2011 8:17am Dec 29, 2011 8:17am
Quoting kenfen69
Agreed. But...I would say there is an awful lot of money made by blowing through a level by 10-20pips and picking up all the sitting duck stops.
yer, pretty much one of the major cornerstones of how these markets operate...
  • #43,426
  • Dec 29, 2011 8:17am Dec 29, 2011 8:17am
Quoting kenfen69
Yeah...I don't like them odds.
i love them. the pair points to where its going after it takes a shit. that's not a fail. after it consolidates then breaks that low you can target 1.0812...min... the longer the shit the better,
those who can, do. those who cant, talk about those who can
  • #43,427
  • Dec 29, 2011 8:19am Dec 29, 2011 8:19am
Quoting wannaberich
Merry fukin Xmas, you bastard!
  • #43,428
  • Dec 29, 2011 8:21am Dec 29, 2011 8:21am
we need sumptin' to spook the market...

Inserted Video


catch y'all l8tr.. happy hunting...
  • #43,429
  • Dec 29, 2011 8:21am Dec 29, 2011 8:21am
Quoting gatorinla
i love them. the pair points to where its going after it takes a shit. that's not a fail. after it consolidates then breaks that low you can target 1.0812...min... the longer the shit the better,
Damn straight...just don't wipe your arse so hard!

1.0812?

Estimated time of arrival if low taken out?
  • #43,430
  • Dec 29, 2011 8:22am Dec 29, 2011 8:22am
Quoting FibbinArchie
catch y'all l8tr.. happy hunting...
Later Fib!

Happy New Year to ye if I don't see you sooner!

Best!
  • #43,431
  • Dec 29, 2011 8:22am Dec 29, 2011 8:22am
Quoting kenfen69
Agreed. But...I would say there is an awful lot of money made by blowing through a level by 10-20pips and picking up all the sitting duck stops.
Correct imho, there's a difference between making a new higher high or lower low compared to a breakout of a range. Swingers are looking to add on pull backs and dump on extensions...... corrections are prime for stop running. Peasenevto used to teach on breakouts(range) that the backside of breakout candle was a typical punter stop level.
  • #43,432
  • Dec 29, 2011 8:28am Dec 29, 2011 8:28am
Quoting kenfen69
Later Fib!

Happy New Year to ye if I don't see you sooner!

Best!
same to you brother, will look in tomorrow, then prolly tuesday, monday is a uk bank hol as new years day is on a sunday, l8tr...
  • #43,433
  • Dec 29, 2011 8:29am Dec 29, 2011 8:29am
Quoting auxesis
Correct imho, there's a difference between making a new higher high or lower low compared to a breakout of a range. Swingers are looking to add on pull backs and dump on extensions...... corrections are prime for stop running. Peasenevto used to teach on breakouts(range) that the backside of breakout candle was a typical punter stop level.
Yeah...must feel really demoralizing standing there with your pants around your ankles having just bought the top, or sold the bottom. Must really start to play with you psychologically watching your money drift away. I mean, you really can't enter a worse trade to say...I really stink at this, what was I thinking?

I'll feel like a chump sometimes for trying to counter trade...and then price blows right through, but...my stops are usually tight...or I'm fading in with an eye on another level not too far above/or below where I've gone in...maybe a level from another time frame as well.
  • #43,434
  • Dec 29, 2011 8:30am Dec 29, 2011 8:30am
Pop.

2911 was yesterday's low.
  • #43,435
  • Dec 29, 2011 8:30am Dec 29, 2011 8:30am
Quoting FibbinArchie
same to you brother, will look in tomorrow, then prolly tuesday, monday is a uk bank hol as new years day is on a sunday, l8tr...
Rip it up out there!
  • #43,436
  • Dec 29, 2011 8:32am Dec 29, 2011 8:32am
Quoting gatorinla
closed silver. looking for bounce.
im done,, stops set.. looking for a entry.. after bounce..
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #43,437
  • Dec 29, 2011 8:32am Dec 29, 2011 8:32am
Quoting kenfen69
Yeah...must feel really demoralizing standing there with your pants around your ankles having just bought the top, or sold the bottom. Must really start to play with you psychologically watching your money drift away. I mean, you really can't enter a worse trade to say...I really stink at this, what was I thinking?

I'll feel like a chump sometimes for trying to counter trade...and then price blows right through, but...my stops are usually tight...or I'm fading in with an eye on another level not too far above/or below where I've gone...
I was king of this when I first started. It was truly amazing how accurate I was at buying tops and selling bottoms.
  • #43,438
  • Dec 29, 2011 8:34am Dec 29, 2011 8:34am
Quoting kenfen69
Damn straight...just don't wipe your arse so hard!

1.0812?

Estimated time of arrival if low taken out?
8pm sunday
those who can, do. those who cant, talk about those who can
  • #43,439
  • Dec 29, 2011 8:34am Dec 29, 2011 8:34am
Quoting gatorinla
im done,, stops set.. looking for a entry.. after bounce..


$3.40!

Fak me...ALL in...EVERYTHING I got. If I had kids...I'd sell'em!

There'll be none coming out of the ground at that price. No company could extract these days for that price. There goes supply...next comes demand!
  • #43,440
  • Dec 29, 2011 8:36am Dec 29, 2011 8:36am
Quoting gatorinla
im done,, stops set.. looking for a entry.. after bounce..
Sorry...you rode it for $3.40? Sweet!

Thought you were calling for $3.40 an Oz!
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