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The Really Useless Thread

  • #63,441
  • Mar 12, 2012 6:43pm Mar 12, 2012 6:43pm
Quoting needpips
Closed my long from NY this morn for 50 pips...kinda gettin into no mans land here..... 1.2950 or 1.36 or 1.38
Hang in long enough and it's gonna hit them all..
  • #63,442
  • Mar 12, 2012 6:45pm Mar 12, 2012 6:45pm
Quoting FibbinArchie
piers morgan is a fucking arse, can't stand the man...
Yeah... Why did you guys send him over here?? LOL.
  • #63,443
  • Mar 12, 2012 6:45pm Mar 12, 2012 6:45pm
Quoting attila
Hang in long enough and it's gonna hit them all..
Ill play the 30-50 pip bounce when it reaches one of them.... I tell ya...I have revolutionized my trading this year by setting it and forgetting it.....
  • #63,444
  • Mar 12, 2012 6:46pm Mar 12, 2012 6:46pm
shorted 72, out for 4, no follow thru', reckon we could go higher...
  • #63,445
  • Mar 12, 2012 6:47pm Mar 12, 2012 6:47pm
Quoting attila
Yeah... Why did you guys send him over here?? LOL.
just dump the twat in the atlantic...
  • #63,446
  • Mar 12, 2012 6:47pm Mar 12, 2012 6:47pm
Quoting needpips
Ill play the 30-50 pip bounce when it reaches one of them.... I tell ya...I have revolutionized my trading this year by setting it and forgetting it.....
I know. I do best when I'm away from the computer.
  • #63,447
  • Mar 12, 2012 6:50pm Mar 12, 2012 6:50pm
Quoting FibbinArchie
just dump the twat in the atlantic...
United Nations thugs first... After they pay their parking tickets.
  • #63,448
  • Mar 12, 2012 6:50pm Mar 12, 2012 6:50pm
fxl's e/u orders, source undisclosed...

 

  1. Heavy sell orders reported at 1.3240
  2. Very solid bids reported at 1.3080

  • #63,449
  • Mar 12, 2012 6:55pm Mar 12, 2012 6:55pm
Quoting attila
United Nations thugs first... After they pay their parking tickets.
Inserted Video
  • #63,450
  • Mar 12, 2012 6:59pm Mar 12, 2012 6:59pm
Latest indicator development... "Dragons Path". It's purpose is to derive the current trend. An overall bias, if you will. Obviously not good with entries as it considers trend change based on breakouts of a previous range.

Next I am going to develop "Dragons Eye". It's purpose will be to gauge the current order flow down to the current candle. This one will be extremely choppy, but used to find those perfect entries. Should be interesting.

Dragons Orb will be the final EA I build to glue it all together.

Can you tell I'm bored and am really enjoying the mythological theming of this?
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  • #63,451
  • Mar 12, 2012 7:02pm Mar 12, 2012 7:02pm
Quoting Venice
Latest indicator development... "Dragons Path". It's purpose is to derive the current trend. An overall bias, if you will. Obviously not good with entries as it considers trend change based on breakouts of a previous range.

Next I am going to develop "Dragons Eye". It's purpose will be to gauge the current order flow down to the current candle. This one will be extremely choppy, but used to find those perfect entries. Should be interesting.

Dragons Orb will be the final EA I build to glue it all together.

Can you tell I'm bored and am really...
what about faux break outs?
  • #63,452
  • Mar 12, 2012 7:04pm Mar 12, 2012 7:04pm
breaking news..
Eurogroup Endorses New E130 Billion Bailout Plan For Greece


http://www.forexlive.com/blog/2012/0...an-for-greece/
  • #63,453
  • Mar 12, 2012 7:05pm Mar 12, 2012 7:05pm
kip time. risk 2 pips. letting it run

Quoting pipper
tried a small cheeky short here
Disclaimer: Check your 1m charts
  • #63,454
  • Mar 12, 2012 7:06pm Mar 12, 2012 7:06pm
How have you bastards been doing

The only time I have to trade is before bed and during my lunch hour with work and studying. Actually I study through my entire lunch hour at my desk anyway. Looks like its going to be this way for a very long time as there are so many licenses I have to get

I've been trying to switch to H4/H1 for my trend and entry TFs but I may have to switch that even higher.

But continuing with my current TFs we've put in a new H4 low but it wasn't very impressive. H1 supply is about 50 pips above current price with local H4 supply about 95 pips above and local demand about 190 pips below.
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  • #63,455
  • Mar 12, 2012 7:07pm Mar 12, 2012 7:07pm
Hopefully down until wed/thur

On Wednesday, the European Working Group, a group of senior
Eurozone finance officials just below minister level, will convene to
review whether all national procedures are in place for the signing of
the second rescue for Greece. After the IMF board of directors’ meeting
on Thursday, all elements should be in place for the official launch of
the E130 billion lending agreement.

Quoting FibbinArchie
breaking news..
Eurogroup Endorses New E130 Billion Bailout Plan For Greece


http://www.forexlive.com/blog/2012/0...an-for-greece/
Disclaimer: Check your 1m charts
  • #63,456
  • Mar 12, 2012 7:10pm Mar 12, 2012 7:10pm
Quoting FibbinArchie
what about faux break outs?
As it goes, nothing is ever perfect in this world. But, try not to think of it in terms of a fake break out. Think of it as the range shifting directions, then reversing directions again. This does not happen very often, and will be handled by proper MM.

Generally when this does happen, order flow follows suite right along with the range fakey and you do not get a signal until the range has shifted back (reversed again). With a bit of proper setup, Dragons Eye should be able to properly distinguish this *most* of the time. As for the others, well, i'm not building this collection of indicators to be flawless That is a pipe dream, and as awesome as it would be, I know better than that.
  • #63,457
  • Mar 12, 2012 7:10pm Mar 12, 2012 7:10pm
Oh here's my daily

Gotta go! Trade well ladies and gentlemen, I'll try to stop in tomorrow.
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  • #63,458
  • Mar 12, 2012 7:15pm Mar 12, 2012 7:15pm
Quoting Venice
As it goes, nothing is ever perfect in this world. But, try not to think of it in terms of a fake break out. Think of it as the range shifting directions, then reversing directions again. This does not happen very often, and will be handled by proper MM.

Generally when this does happen, order flow follows suite right along with the range fakey and you do not get a signal until the range has shifted back (reversed again). With a bit of proper setup, Dragons Eye should be able to properly distinguish this *most* of the time. As for the others,...
Not sure if that made any sense. But the 1m is notoriously bad about fakeys... here is a quick example.

Here we have the range shift to bear (first red line). The range shifts back to the Bull side without any type of order flow confirmation to sell.
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  • #63,459
  • Mar 12, 2012 7:29pm Mar 12, 2012 7:29pm
Quoting Venice
Not sure if that made any sense. But the 1m is notoriously bad about fakeys... here is a quick example.

Here we have the range shift to bear (first red line). The range shifts back to the Bull side without any type of order flow confirmation to sell.
I used to do this kind of work on quote tracker. Disregard the overlays and look at the arrows (once a candle is closed and the arrow is there, that's it).. That's for direction.. Now look at the arrows at the bottom and watch what happens when you have TWO up arrows and a red stripe on top of them. Conversely when you have TWO down arrows and a green line on top of them..That used to be my "bet the farm" signal.BTW, it still doesn't work if you can't execute it..

http://i566.photobucket.com/albums/s...1-18163316.gif
  • #63,460
  • Mar 12, 2012 7:45pm Mar 12, 2012 7:45pm
Quoting chazzle
Short GJ just for a laugh
closed - hanging around up there too long
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