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The Really Useless Thread

  • #50,741
  • Jan 26, 2012 12:07pm Jan 26, 2012 12:07pm
always.

the only twitch to it that i have found useful when drawing lines (and forks) is that i sometimes use the low of the down candle and the high of the up candle, not necessarily the high or low of the turn pair.
dreams do come true.
  • #50,742
  • Jan 26, 2012 12:08pm Jan 26, 2012 12:08pm
The ask line wrecks my head V lol.. I have it usually turned off.

I use Accucharts a lot. It's a pretty good package and combine this with my own brokers charts

Quoting Venice
I think MT4 is always bid. You can toggle the ask line by right clicking on the chart > properties > common tab : show ask line.
Disclaimer: Check your 1m charts
  • #50,743
  • Jan 26, 2012 12:09pm Jan 26, 2012 12:09pm
was about to press the transfer button but the close was above the (micro) gap so i held.

30 pips down. basically the low plus 10 for a wick.

Quoting USD-Bear
thanks wan, get them back next time, btw whats your stop?
dreams do come true.
  • #50,744
  • Jan 26, 2012 12:10pm Jan 26, 2012 12:10pm
i meant bid

Quoting pipper
The ask line wrecks my head V lol.. I have it usually turned off.

I use Accucharts a lot. It's a pretty good package and combine this with my own brokers charts
dreams do come true.
  • #50,745
  • Jan 26, 2012 12:12pm Jan 26, 2012 12:12pm
Quoting wannaberich
was about to press the transfer button but the close was above the (micro) gap so i held.

30 pips down. basically the low plus 10 for a wick.
good for you I'm in loss now damn!
Don't be a hero. Don't have an ego. Always question yourself
  • #50,746
  • Jan 26, 2012 12:14pm Jan 26, 2012 12:14pm
Pipper IBAN No. 34342452-x lol

Quoting USD-Bear
good for you I'm in loss now damn!
Disclaimer: Check your 1m charts
  • #50,747
  • Jan 26, 2012 12:14pm Jan 26, 2012 12:14pm
Bears need a [hourly] close under 31433 before they will get any traction.
  • #50,748
  • Jan 26, 2012 12:16pm Jan 26, 2012 12:16pm
3154 might still keep bulls down but 1Hr looks up

Quoting USD-Bear
good for you I'm in loss now damn!
Disclaimer: Check your 1m charts
  • #50,749
  • Jan 26, 2012 12:17pm Jan 26, 2012 12:17pm
Quoting pipper
Pipper IBAN No. 34342452-x lol
You have to wait 45 minutes....
Don't be a hero. Don't have an ego. Always question yourself
  • #50,750
  • Jan 26, 2012 12:20pm Jan 26, 2012 12:20pm
Where do you guys get these figures to watch for hourly (or other TF) closes?

Boggles my mind as it is very far from my trading methods, very intriguing to me
  • #50,751
  • Jan 26, 2012 12:23pm Jan 26, 2012 12:23pm
Quoting frankkn
Where do you guys get these figures to watch for hourly (or other TF) closes?

Boggles my mind as it is very far from my trading methods, very intriguing to me
The hourly chart, mate

Previous open/closes. Closing above/below unlocks the next movement in that direction. We all do something different though. lol... not a single one of us trades the same way.
  • #50,752
  • Jan 26, 2012 12:24pm Jan 26, 2012 12:24pm
Quoting frankkn
Where do you guys get these figures to watch for hourly (or other TF) closes?

Boggles my mind as it is very far from my trading methods, very intriguing to me
usually previous swing levels, fibonacci levels, pivots, etc..
  • #50,753
  • Jan 26, 2012 12:25pm Jan 26, 2012 12:25pm
lol I'm in the red now. Still holding tho

Quoting USD-Bear
You have to wait 45 minutes....
Disclaimer: Check your 1m charts
  • #50,754
  • Jan 26, 2012 12:25pm Jan 26, 2012 12:25pm
Quoting Chillypiper
Fib chart. Current swing and yesterdays bar. Ping pong play @ 3137/ 39 and 3176. hourly looks a bit bearish but need to breach 3139 ...GL!
nice..
Look Sharp/Trade Tight
  • #50,755
  • Jan 26, 2012 12:27pm Jan 26, 2012 12:27pm
and i care for u guys so here is something to look at (if u will).

(before u laugh about it just try it)

better explained with an example:

between 2 5m candles the close and open comes up with a small gap. can be 0.1 pips. let's imagine that the close was lower than the new open. if the newly opened candle closes above that gap (whether u have a wick "covering" the gap or not) price will go higher. if the newly candle closes above it will go higher.

no system, tp or sl, it's just a tool to put odds on our side. of course it isn't fail proof. i have no statistic about it but experience says it works.

far more profitable are the weekend gaps traded the very same way.

also me finks u need a decent (high vol) broker to look at this. harder to find during London. at this time of the day u get too many and they invalidate each other.

i had this thought after i read somewhere here that "price gaps important levels" so i began to notice it.
dreams do come true.
  • #50,756
  • Jan 26, 2012 12:27pm Jan 26, 2012 12:27pm
Quoting frankkn
Where do you guys get these figures to watch for hourly (or other TF) closes?

Boggles my mind as it is very far from my trading methods, very intriguing to me
all TF's S/R cam's TL's

whats u method
  • #50,757
  • Jan 26, 2012 12:27pm Jan 26, 2012 12:27pm
Thanks fellas
  • #50,758
  • Jan 26, 2012 12:29pm Jan 26, 2012 12:29pm
AB=CD



Quoting frankkn
Where do you guys get these figures to watch for hourly (or other TF) closes?

Boggles my mind as it is very far from my trading methods, very intriguing to me
dreams do come true.
  • #50,759
  • Jan 26, 2012 12:29pm Jan 26, 2012 12:29pm
Quoting kill56
all TF's S/R cam's TL's

whats u method
I have two methods. One is fading hourly stops with sentiment, I get maybe one or two entries a week and go for high RR

Intraday I fade SD levels and stops with the trend on the M5-M30, but mostly M5. I like to scale in across maybe 4-10 pairs.

I don't have a set exit with these, just close em with my gut
  • #50,760
  • Jan 26, 2012 12:30pm Jan 26, 2012 12:30pm
Quoting PayTheLimit
last hours fuckinmid, 3132..

all day, this bastard...
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Look Sharp/Trade Tight
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