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The Really Useless Thread

  • #54,561
  • Feb 6, 2012 12:56pm Feb 6, 2012 12:56pm
Quoting pipper
to robin?
yea, to robin the bank.
  • #54,562
  • Feb 6, 2012 12:57pm Feb 6, 2012 12:57pm
Quoting pkimnyc
dude, seriously... the only movies i'm allowed to see these days are pretty limited.

finding mano, tangled up, alice in the smokingland, curious george soros... and so on. you get the idea. the only recent movie like movie i've seen these days is the "avatar."
well due yourself a favor and put it on your to see list...classic war movie, outstanding cast...
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Look Sharp/Trade Tight
  • #54,563
  • Feb 6, 2012 12:57pm Feb 6, 2012 12:57pm
Quoting wannaberich
i need a bear (beer too) and some tits. Kill, u're there bro?
me too. :grooling:
  • #54,564
  • Feb 6, 2012 12:57pm Feb 6, 2012 12:57pm
lol, what ya playing Batman on mate. Xbox ?

Quoting pkimnyc
yea, to robin the bank.
Disclaimer: Check your 1m charts
  • #54,565
  • Feb 6, 2012 12:58pm Feb 6, 2012 12:58pm
Quoting PayTheLimit
well due yourself a favor and put it on your to see list...classic war movie, outstanding cast...
holy fakk.... thanks dude.
  • #54,566
  • Feb 6, 2012 12:59pm Feb 6, 2012 12:59pm
Quoting pipper
lol, what ya playing Batman on mate. Xbox ?
pc
  • #54,567
  • Feb 6, 2012 1:00pm Feb 6, 2012 1:00pm
Quoting sisse
That is very true Gator. What the heck will happen with the ECB holdings is the BIG ? in all this.... not Greece. That's why the Germans are so vocal with Greece "IS NOT GOING TO DEFAULT" speech of the last weeks.

I can only imagining that the Germans and others already have or about to have a plan B and that's why they are allowing Greece to play the puppet master until march. There is no much information about that so I still have my doubts , they may not find a solution for the ECB holdings yet and that's why all this mumbojumbo of the last...
the Greeks couldn't pay the bills 2 years back. now 2 years later the cost is even more. the amount taken in decreases each day. nobody can call this over with a straight face.
they simply spend more then they make. taken away money from the working and the retired. lowering the standard of living to pay for the past sins is needed. and when it happens people revolt.

they also buy less (they have less money) they buy less from exporters like Germany. Greece is small.. add in a few of the other smaller ones. when a country like Germany has a 3% growth outlook. and you take away most of the spending of a few small countries that 3% turns negative real quick.

people with less money, usually like this. spend a greater % on basics like food/shelter/clothing. with less going to highly engineered products like vw/bmw. the Greeks can grow their own cabbage. Less money usually breeds crime. so the tourist may stay away/ a high euro surely will not help.
if they do those measures today.. its no longer a future reality, its now.
some will throw rocks. some will die. this can spill over to the other southern countries. those decisions are made on paper. they still have to be signed in blood.
those who can, do. those who cant, talk about those who can
  • #54,568
  • Feb 6, 2012 1:02pm Feb 6, 2012 1:02pm
fuck, G! didn't know u were a poet!
Quoting gatorinla
... those decisions are made on paper. they still have to be signed in blood.
dreams do come true.
  • #54,569
  • Feb 6, 2012 1:02pm Feb 6, 2012 1:02pm
Quoting Venice
What do you guys think has more power? Say price enters a consolidation. Upon exiting consolidation

a) Price makes a higher high and comes back down into the range (Implies weakness of sellers; failed to hold the highs)
b) price makes a higher low in the range (implies strength of buyers, held the lows)

Preferred is obviously higher high && higher low... but, well, ya know...
Well I wouldn't put that in terms of sellers vs buyers because you can't know if there's weakness of sellers or simply a lack of interest to buy at the highs and viceversa so ....

In any case the implications can be the same but if you add S/R analysis from a major TF in the analysis you can have a better picture of who is/will be in control. So for example those HH and back to the range against a major TF Resistance is a reversal of rejection of highs signal not a continuation (regardless of HH), etc. etc .... A second example is the typical textbook case where price make HH and retrace but those HH are way below R ...meaning buy the dip and definitively the more powerful signal, etc

In simple words and in my TA opinion who has more power will vary according to the area you are trading in.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #54,570
  • Feb 6, 2012 1:02pm Feb 6, 2012 1:02pm
Quoting PayTheLimit
well due yourself a favor and put it on your to see list...classic war movie, outstanding cast...
the guns of Navarone (misspelled im sure)
those who can, do. those who cant, talk about those who can
  • #54,571
  • Feb 6, 2012 1:03pm Feb 6, 2012 1:03pm
Quoting pkimnyc
i'm going back to the bat cave...
I've been trying to identify which is the stronger signal, but nothing has been clear to me yet. Both have equally provided directional movement, and failed as well.
  • #54,572
  • Feb 6, 2012 1:03pm Feb 6, 2012 1:03pm
Cool, must take a look

Quoting pkimnyc
pc
Disclaimer: Check your 1m charts
  • #54,573
  • Feb 6, 2012 1:05pm Feb 6, 2012 1:05pm
Quoting gatorinla
the guns of Navarone (misspelled im sure)
bridge too far is the daddy..
  • #54,574
  • Feb 6, 2012 1:05pm Feb 6, 2012 1:05pm
Quoting gatorinla
the guns of Navarone (misspelled im sure)
1961, a classic, set and shot in Greece, lol..
Look Sharp/Trade Tight
  • #54,575
  • Feb 6, 2012 1:08pm Feb 6, 2012 1:08pm
Quoting Venice
I've been trying to identify which is the stronger signal, but nothing has been clear to me yet. Both have equally provided directional movement, and failed as well.
15 min leads 1 hr.
  • #54,576
  • Feb 6, 2012 1:10pm Feb 6, 2012 1:10pm
tought to make a call on 21 at this hour, but I'm staying long..
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Look Sharp/Trade Tight
  • #54,577
  • Feb 6, 2012 1:21pm Feb 6, 2012 1:21pm
Quoting gatorinla
.. its no longer a future reality, its now.
some will throw rocks. some will die. this can spill over to the other southern countries. those decisions are made on paper. they still have to be signed in blood.
I can't argue with the gloomy outlook for Greece. There might be blood, sure but in the case of a "functional" democracy they should at least stop voting for the same corrupt politicians that put them in this situation (is not 1st time btw) in the first place.

After, if there is blood, I would 1st hang all the idiots and corrupt PMs they have had in the last decades (do you know that last PM Papandreou is the 3rd one [grandfather,father and son] to be PM in Greece....and guess which one is the one who put the seeds for the whole current mess in public finance/taxes and etc his father 20 years ago....a joke really).

In any case, "What you sow is what you reap" so blaming the "others" instead of accepting your responsibilities and taking action in your problems only perpetuate corruption and stupidity. Changing this, is all in Greek hands not anywhere else.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #54,578
  • Feb 6, 2012 1:33pm Feb 6, 2012 1:33pm
Quoting sisse
Well I wouldn't put that in terms of sellers vs buyers because you can't know if there's weakness of sellers or simply a lack of interest to buy at the highs and viceversa so ....

In any case the implications can be the same but if you add S/R analysis from a major TF in the analysis you can have a better picture of who is/will be in control. So for example those HH and back to the range against a major TF Resistance is a reversal of rejection of highs signal not a continuation (regardless of HH), etc. etc .... A second example is the typical...
Agreed as well sisse. When I am really into my trading I like to only look at the current chart (so If I am on the 5m I don't pay attention to the bigger time frames). Just try to get a feel for the current order flow and jump in and out based on that. Confluence of support and resistance is a big one for me though, especially when aiming for a swing play.
  • #54,579
  • Feb 6, 2012 1:35pm Feb 6, 2012 1:35pm
Quoting Venice
I've been trying to identify which is the stronger signal, but nothing has been clear to me yet. Both have equally provided directional movement, and failed as well.

If you really want to play the break out... Let's say it's resistance.. You look for a HL and a momentum bar into it. Wait for that to complete and enter on the pull back towards the resistance. If it fails, you have time to get out. If it goes up and then retests the resistance, you're good to go. Either way, you have enough time to exit if it turns bad..
  • #54,580
  • Feb 6, 2012 1:37pm Feb 6, 2012 1:37pm
Quoting attila
If you really want to play the break out... Let's say it's resistance.. You look for a HL and a momentum bar into it. Wait for that to complete and enter on the pull back towards the resistance. If it fails, you have time to get out. If it goes up and then retests the resistance, you're good to go. Either way, you have enough time to exit if it turns bad..
Yep. Really, what it once again comes down to is mm. Just trying to increase the edge a few more points though
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