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The Really Useless Thread

  • #50,681
  • Jan 26, 2012 9:53am Jan 26, 2012 9:53am
Quoting PayTheLimit

mids
  • #50,682
  • Jan 26, 2012 9:54am Jan 26, 2012 9:54am
Quoting pipper
Out of short now. Might still go lower but sticking to my system
and not being bothered about the move continuing after you've exited, short term signals are like buses, there'll usually be another one along in a short while..
  • #50,683
  • Jan 26, 2012 9:58am Jan 26, 2012 9:58am
s&p and fitch been banged up yet?

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  • #50,684
  • Jan 26, 2012 9:58am Jan 26, 2012 9:58am
london
  • #50,685
  • Jan 26, 2012 10:00am Jan 26, 2012 10:00am
Quoting gatorinla
3176 and 3134 are protected. its a tight area. normally its the first that breaks. in a tight area it may not be. those head fakes will leave a long wick. this is a big black box fight.
like this. these are the ones that will f u in a tight 30 pip range.
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those who can, do. those who cant, talk about those who can
  • #50,686
  • Jan 26, 2012 10:00am Jan 26, 2012 10:00am
Quoting FibbinArchie
not out staying your welcome as well is important..

candles, but more so momentum, tick vol, etc. normally in and out of a trade before the candle has had time to form, more of an art than a science, dunno, just suits my personality i guess...

mini exhaustion bars are usually good for a 5 to 10 pip retrace, even in a fast moving market, just need to be patient and pick the best ones...

I'm currently working on an indicator strictly based off of the candle body closes...

if close > previous candles MAX(open/close), bullish
if close < previous candles MIN(open/close), bearish

Also have a different version that in order for it to switch directional bias, (lets say from going long to short) that it has to close below the open of the last occuring bull bar, rather then just the previous bar.

Should be able to turn it into an EA. It gets whipped around a few times though as well. Biggest thing is avoiding buying into supply or selling into demand, which is hard to calculate.
  • #50,687
  • Jan 26, 2012 10:01am Jan 26, 2012 10:01am
Yip, i used to hold onto my positions before and used to make peanuts as they always came back on me or i chickened it At least now, if i can get 4 x 15 pip moves a day, that will do

Quoting FibbinArchie
and not being bothered about the move continuing after you've exited, short term signals are like buses, there'll usually be another one along in a short while..
Disclaimer: Check your 1m charts
  • #50,688
  • Jan 26, 2012 10:03am Jan 26, 2012 10:03am
Quoting pipper
Yip, i used to hold onto my positions before and used to make peanuts as they always came back on me or i chickened it At least now, if i can get 4 x 15 pip moves a day, that will do

Always the hardest thing to do... especially on swings like the daily. The daily is generally really really clear about it's intentions. But there are days (for instance yesterday and Tuesday), where price will give up the entire movement before continuing on. Hard to hold through that. Especially when you are talking about 100-150 pips and the move has not even been invalidated.
  • #50,689
  • Jan 26, 2012 10:04am Jan 26, 2012 10:04am
Quoting pipper
Yip, i used to hold onto my positions before and used to make peanuts as they always came back on me or i chickened it At least now, if i can get 4 x 15 pip moves a day, that will do
that'll do it, coupled with equity compounding...
  • #50,690
  • Jan 26, 2012 10:07am Jan 26, 2012 10:07am
Quoting Venice
I'm currently working on an indicator strictly based off of the candle body closes...

if close > previous candles MAX(open/close), bullish
if close < previous candles MIN(open/close), bearish

Also have a different version that in order for it to switch directional bias, (lets say from going long to short) that it has to close below the open of the last occuring bull bar, rather then just the previous bar.

Should be able to turn it into an EA. It gets whipped around a few times though as well. Biggest thing is avoiding buying into supply or selling...
im willing to kick the tires
those who can, do. those who cant, talk about those who can
  • #50,691
  • Jan 26, 2012 10:08am Jan 26, 2012 10:08am
Quoting Venice
I'm currently working on an indicator strictly based off of the candle body closes...

if close > previous candles MAX(open/close), bullish
if close < previous candles MIN(open/close), bearish

Also have a different version that in order for it to switch directional bias, (lets say from going long to short) that it has to close below the open of the last occuring bull bar, rather then just the previous bar.

Should be able to turn it into an EA. It gets whipped around a few times though as well. Biggest thing is avoiding buying into supply or selling...
sounds like magix's bag...
  • #50,692
  • Jan 26, 2012 10:10am Jan 26, 2012 10:10am
Just a hint along this discussion... It's not about PA (unless it's in around a key area). You can get fucked by a pin bar as many times you make money on it.

It's all about price and value relationship, and I'll say no mo'.
  • #50,693
  • Jan 26, 2012 10:15am Jan 26, 2012 10:15am
158 the close to beat , being the close of the day high so far on the h that is stay above for more bull power - i don't reckon it will , but i dont know why - last h dojiish - although a fine run from 35 to 65
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  • #50,694
  • Jan 26, 2012 10:22am Jan 26, 2012 10:22am
Quoting attila
Just a hint along this discussion... It's not about PA (unless it's in around a key area). You can get fucked by a pin bar as many times you make money on it.

It's all about price and value relationship, and I'll say no mo'.
Price and value relationship... sure... but perceived value? Or is there a way to pragmatically calculate value?


Like Right now, m15... my little indicator said bullish on the 15m close. it went straight up to my supply level of 3164 and it was done. Barely enough for a 7 pip move if you bought the candle close, but still... like clock work.
  • #50,695
  • Jan 26, 2012 10:26am Jan 26, 2012 10:26am
Quoting Venice
Price and value relationship... sure... but perceived value? Or is there a way to pragmatically calculate value?


Like Right now, m15... my little indicator said bullish on the 15m close. it went straight up to my supply level of 3164 and it was done. Barely enough for a 7 pip move if you bought the candle close, but still... like clock work.
Yes, but that will not help. You still have to think... If it were as simple as you describe it, then there would be no market..
  • #50,696
  • Jan 26, 2012 10:29am Jan 26, 2012 10:29am
Quoting attila
Yes, but that will not help. You still have to think...
damn thought process..
  • #50,697
  • Jan 26, 2012 10:30am Jan 26, 2012 10:30am
Quoting darimik
damn thought process..
Ain't that a bitch?
  • #50,698
  • Jan 26, 2012 10:33am Jan 26, 2012 10:33am
Quoting attila
Ain't that a bitch?
the problem with value however.. is that the whole financial sector is too volatile to changes in macro numbers. therefore models fail to predict/calculate value. some success is with overshooting models, but even then it sucks. the best that was agreed on was a direction. and even that can be a stretch.
  • #50,699
  • Jan 26, 2012 10:33am Jan 26, 2012 10:33am
Quoting attila
Yes, but that will not help. You still have to think... If it were as simple as you describe it, then there would be no market..
Yeah, nothing is ever absolutely concrete. Even calculating supply/demand is no easy task logically, or at least, I'm not smart enough to do that. As I have seen many a time too, just because the zone is there, doesn't mean it will hold either.
  • #50,700
  • Jan 26, 2012 10:35am Jan 26, 2012 10:35am
Hey what's shaking ?

Should I sell or should I buy ?

I am looking for a mentor pleeeeaaaase.

Or free signals at least. Need to feed the EU thread.
Hello.
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