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The Really Useless Thread

  • #54,581
  • Feb 6, 2012 1:38pm Feb 6, 2012 1:38pm
Quoting Venice
Yep. Really, what it once again comes down to is mm. Just trying to increase the edge a few more points though
It's a pretty safe and logical way of doing it... but you must have a momentum bar/candle into it.. So now I'm long at 18. Let's see how that goes.
  • #54,582
  • Feb 6, 2012 1:39pm Feb 6, 2012 1:39pm
Quoting Venice
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.
Well when I was referring to major S/R was in the context of your TFs. So M1 or yearly it doesn't matter, it has the same implications for what you were saying about HH and LL IMO, as long as your "major" S/R keeps correlation with your main TF (e.g M5 against S or R in M30/H1 for example, and not M5 against a weekly S or R, etc).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #54,583
  • Feb 6, 2012 1:41pm Feb 6, 2012 1:41pm
Quoting attila
It's a pretty safe and logical way of doing it... but you must have a momentum bar/candle into it.. So now I'm long at 18. Let's see how that goes.
That was exactly what I was talking about. On the 5m, we had a HL with a bull candle to close the deal. Right at 18 it looks like.

The HL does give better r/r. The HH you need to wait for a pullback, but then hopefully create the HL and you've got yourself the best setup possible.
  • #54,584
  • Feb 6, 2012 1:42pm Feb 6, 2012 1:42pm
Quoting Venice
Yep. Really, what it once again comes down to is mm. Just trying to increase the edge a few more points though
I forgot to mention, the HL must be formed after a bounce from resistance. So bounce L, another bounce HL. The current configuration is not really that...
  • #54,585
  • Feb 6, 2012 1:46pm Feb 6, 2012 1:46pm
Quoting sisse

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
guess whose sowing this now? hint, initials are ecb
those who can, do. those who cant, talk about those who can
  • #54,586
  • Feb 6, 2012 1:47pm Feb 6, 2012 1:47pm
Quoting attila
I forgot to mention, the HL must be formed after a bounce from resistance. So bounce L, another bounce HL. The current configuration is not really that...
Now we just made a HH. Now need a HL to hold.
  • #54,587
  • Feb 6, 2012 1:50pm Feb 6, 2012 1:50pm
Quoting Venice
Now we just made a HH. Now need a HL to hold.
Well... You want to see a bounce off res. with a HL formed. I'm not sure the HH means anything. You also need a momentum bar from that HL..

Not saying, it can break anyway but it's not that safe trade I was talking about...
  • #54,588
  • Feb 6, 2012 1:50pm Feb 6, 2012 1:50pm
Quoting gatorinla
guess whose sowing this now? hint, initials are ecb
.... yes you got a point but also the ECB has also sown 11 years with the lowest inflation and price stability in Europe in 300 years.... In any case, you point is valid, the ECB is playing with fire and we know what could happen when you play with fire for too long....we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #54,589
  • Feb 6, 2012 1:51pm Feb 6, 2012 1:51pm
Quoting FibbinArchie
bridge too far is the daddy..
i saw the guns in the early 70ties on the tube. it was 10 years old then, at least. i saw the bridge at the theater years later, when it came out.
those who can, do. those who cant, talk about those who can
  • #54,590
  • Feb 6, 2012 2:04pm Feb 6, 2012 2:04pm
The Romanian government fell over austerity today..done

http://www.guardian.co.uk/world/2012...erity-protests
those who can, do. those who cant, talk about those who can
  • #54,591
  • Feb 6, 2012 2:15pm Feb 6, 2012 2:15pm
looking at the retail position it seems that the majority 51-52% are now in negative both with longs above and shorts below...

interesting start for a shakeout...
  • #54,592
  • Feb 6, 2012 2:16pm Feb 6, 2012 2:16pm
Quoting Larseg
looking at the retail position it seems that the majority 51-52% are now in negative both with longs above and shorts below...

interesting start for a shakeout...
http://www.myfxbook.com/community/outlook

Oh man, poor fellows.

Stops are your best friend. lolz
  • #54,593
  • Feb 6, 2012 2:18pm Feb 6, 2012 2:18pm
http://www.movie2k.to/The-Guns-of-Na...e-1137223.html
those who can, do. those who cant, talk about those who can
  • #54,594
  • Feb 6, 2012 2:23pm Feb 6, 2012 2:23pm
Quoting Venice
http://www.myfxbook.com/community/outlook

Oh man, poor fellows.

Stops are your best friend. lolz
These are the ones calling 1.28 or 1.35 and going for that while the price is ranging it's merry way...
  • #54,595
  • Feb 6, 2012 2:26pm Feb 6, 2012 2:26pm
Quoting Venice
http://www.myfxbook.com/community/outlook

Oh man, poor fellows.

Stops are your best friend. lolz

patience is a virtue...
  • #54,596
  • Feb 6, 2012 2:26pm Feb 6, 2012 2:26pm
Quoting attila
These are the ones calling 1.28 or 1.35 and going for that while the price is ranging it's merry way...
It's one of those things that I want to make fun of 'em for.. but i'd be lying if I said I did not use to do the same thing.

Then I grew up. It's a lot easier to take a 5 pip hit, reverse directions and make it back plus plenty left over.

losing trades are not a bad thing... lol
  • #54,597
  • Feb 6, 2012 2:28pm Feb 6, 2012 2:28pm
useless junkiessssssssssss


WTF is going on none of u could take it up or down she is too dam sexy for u

ok here what i will do i am sellen greece the whole dam country who's in
  • #54,598
  • Feb 6, 2012 2:30pm Feb 6, 2012 2:30pm
Quoting gatorinla
i saw the guns in the early 70ties on the tube. it was 10 years old then, at least. i saw the bridge at the theater years later, when it came out.
showing your age there gator...

where eagles dare is one of my fave ww2 films, my action men (our version of gi joe) had the full german alpine uniforms...
  • #54,599
  • Feb 6, 2012 2:30pm Feb 6, 2012 2:30pm
Quoting Venice
It's one of those things that I want to make fun of 'em for.. but i'd be lying if I said I did not use to do the same thing.

Then I grew up. It's a lot easier to take a 5 pip hit, reverse directions and make it back plus plenty left over.

losing trades are not a bad thing... lol
If you trade the range, and set your targets properly inside it, it's actually very forgiving... You'll only be wrong once. I hate trending markets. 50-100 pips ranges are a gift..
  • #54,600
  • Feb 6, 2012 2:32pm Feb 6, 2012 2:32pm
Quoting attila
If you trade the range, and set your targets properly inside it, it's actually very forgiving... You'll only be wrong once. I hate trending markets. 50-100 pips ranges are a gift..
I hate rangey environments.
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