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The Really Useless Thread

  • #53,581
  • Feb 3, 2012 1:57am Feb 3, 2012 1:57am
Quoting wannaberich
morning dudes and dudettes.

so, what todays plan all mighty Faide Meister?
hi still looking like up to the highs and fade the spike for nfp like i planned earlier this week
  • #53,582
  • Feb 3, 2012 2:01am Feb 3, 2012 2:01am
last hours mid, 3159...
Look Sharp/Trade Tight
  • #53,583
  • Feb 3, 2012 2:05am Feb 3, 2012 2:05am
Quoting AllyB
hey PTL ... how are the lint bins doing?

you still long from yesterday?
hey Ally..

still long, trying to hang with em...

lint bins showing some promise, but like I said they are still in development, not sure if this weeks performance was just luck, due to the fact we ranged most of the week, if your interested I'll give you the logic behind them, although its pretty hairbrained..
Look Sharp/Trade Tight
  • #53,584
  • Feb 3, 2012 2:06am Feb 3, 2012 2:06am
ok, with u then...errrr... spike where

Quoting fxjawn
hi still looking like up to the highs and fade the spike for nfp like i planned earlier this week
dreams do come true.
  • #53,585
  • Feb 3, 2012 2:08am Feb 3, 2012 2:08am
right thats the flag touched lets tank again
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  • #53,586
  • Feb 3, 2012 2:08am Feb 3, 2012 2:08am
Quoting wannaberich
ok, with u then...errrr... spike where
lookin like above 3200 then fade it... not sure yet
  • #53,587
  • Feb 3, 2012 2:10am Feb 3, 2012 2:10am
u got my confused. spike up to 1.32 then tanks?

Quoting fxjawn
lookin like above 3200 then fade it... not sure yet
dreams do come true.
  • #53,588
  • Feb 3, 2012 2:11am Feb 3, 2012 2:11am
Quoting PayTheLimit
last hours mid, 3159...
spring in play..
Look Sharp/Trade Tight
  • #53,589
  • Feb 3, 2012 2:12am Feb 3, 2012 2:12am
Quoting PayTheLimit
hey Ally..

still long, trying to hang with em...

lint bins showing some promise, but like I said they are still in development, not sure if this weeks performance was just luck, due to the fact we ranged most of the week, if your interested I'll give you the logic behind them, although its pretty hairbrained..
i'm interested as long as its simple ... your working with a blond here ya know
  • #53,590
  • Feb 3, 2012 2:12am Feb 3, 2012 2:12am
Quoting AllyB
i'm interested as long as its simple ... your working with a blond here ya know
its very simple, I'll PM in a bit..
Look Sharp/Trade Tight
  • #53,591
  • Feb 3, 2012 2:15am Feb 3, 2012 2:15am
and your daily doss of dust

cheers
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  • #53,592
  • Feb 3, 2012 2:16am Feb 3, 2012 2:16am
Quoting PayTheLimit
its very simple, I'll PM in a bit..
  • #53,593
  • Feb 3, 2012 2:16am Feb 3, 2012 2:16am
Quoting wannaberich
u got my confused. spike up to 1.32 then tanks?
yes bc dealers would want to spike price to the highest stops and accumulate the positions at a higher price for the move down... if this is in fact what will happen

look at nov nfp were the weekly high was 3500ish... so we ran up to the high spiked over it to get the stops then ran it down 180 pips and that sparked another huge move down to the lows 2625
  • #53,594
  • Feb 3, 2012 2:16am Feb 3, 2012 2:16am
i see what u mean. 1.32 first then it fades down for further up, right?

Quoting fxjawn
lookin like above 3200 then fade it... not sure yet
dreams do come true.
  • #53,595
  • Feb 3, 2012 2:19am Feb 3, 2012 2:19am
Quoting wannaberich
i see what u mean. 1.32 first then it fades down for further up, right?
yea sort of... so they use nfp as a reason for a decen correction of this huge up move
  • #53,596
  • Feb 3, 2012 2:29am Feb 3, 2012 2:29am
im setting my tp just ahead of 3200
  • #53,597
  • Feb 3, 2012 2:31am Feb 3, 2012 2:31am
ok, i admit: still don't see this fade thing right.

assuming that we don't know which direction it's gonna take (unless u know something i don't):

up - it should fade down. but where too? the stop u mention are below last swing (1.3113 or 1.3080. the second is a 100 pips spike down!). and after that we resume uptrend.

Down - should spike above 1.32 (my view below 1.3248 always) and then it resumes down. still could be the correction of the correction (no kid) or back to downtrend.

makes sense?
dreams do come true.
  • #53,598
  • Edited 9:15am Feb 3, 2012 2:40am | Edited 9:15am
Quoting wannaberich
ok, i admit: still don't see this fade thing right.

assuming that we don't know which direction it's gonna take (unless u know something i don't):

up - it should fade down. but where too? the stop u mention are below last swing (1.3113 or 1.3080. the second is a 100 pips spike down!). and after that we resume uptrend.

Down - should spike above 1.32 (my view below 1.3248 always) and then it resumes down. still could be the correction of the correction (no kid) or back to downtrend.

makes sense?
no this is why im looking for a spike up bc we are setting up to be close to the high when data is released to this tells me that we have a good chance at spiking above 3200 for a move down

yes there are stops below but we will not spike down 100 pips when data is released then resume move up ...

now this is not set in stone but 9 times out of 10 price moves to a big stop level right up to release then when data comes out it spikes above the high or low (depending where we are) triggers stops then proceeds to counter move for a grinding move down or up for the post data session...

its just what it does.. thants why 9 times out of 10 you want to fade the initial spike of nfp data release..

again the only reason i say im looking for a move down is bc price is moving itself up to the high of this last move from 2600 (the 3200 area) so im looking for a spike above this area for a correction move down

this is the easiest way i can explain it

just being a bastard,,,,

thank you
  • #53,599
  • Feb 3, 2012 2:42am Feb 3, 2012 2:42am
all im saying is ... when price sets up to big levels like this ... it can give you an idea of where post data nfp will take us..

like i said though anything can happen so im not set in stone over this so ill be ready for anything...

im long now will cover just before 3200 and wait for the data to come out and fade the move
  • #53,600
  • Feb 3, 2012 2:45am Feb 3, 2012 2:45am
fuck my brain hurts now gawd
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