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The Really Useless Thread

  • #64,401
  • Mar 15, 2012 9:01am Mar 15, 2012 9:01am
erm...first (half)hour of overlap denied previous hammer, closed again below moving TLs, below 60, had lower volume (!) than previous hour and created another (!) inside bar.

Sure, whatever...
Quant Hedge Fund CEO
  • #64,402
  • Mar 15, 2012 9:02am Mar 15, 2012 9:02am
don't forget me when u find that
Quoting Venice
Agreed mate. I definitely need to add it to my arsenal... and the risk is clear as daylight. I just have yet to come up with a way to identify the start of the range.
dreams do come true.
  • #64,403
  • Mar 15, 2012 9:05am Mar 15, 2012 9:05am
Quoting Venice
Agreed mate. I definitely need to add it to my arsenal... and the risk is clear as daylight. I just have yet to come up with a way to identify the start of the range.
I trade ranges, let me know if you need help. For this one, the middle is at 3110, high at 3180, low at 3010..
  • #64,404
  • Mar 15, 2012 9:15am Mar 15, 2012 9:15am
Quoting attila
I trade ranges, let me know if you need help. For this one, the middle is at 3110, high at 3180, low at 3010..
See my style is so weird. I trade the movement of ranges. So, say a breakout happens, a new range establishes it self, and my r/r for entry is somewhere between 50% and the bottom of the range (if were long).

But, because this is really trend trading, I expect the range to continually move up. When it is stuck in place, I have no trade on this style. I need a way to identify it being stuck in place... which would be something as simple as the rejection of price to the top/bottom of the new range. That makes me end up feeling like I am standing in front of a freight train. Then on the bottom side, Demand has already been tapped so I presume that we will fall back down again... even if it holds.
  • #64,405
  • Mar 15, 2012 9:16am Mar 15, 2012 9:16am
Quoting attila
I trade ranges, let me know if you need help. For this one, the middle is at 3110, high at 3180, low at 3010..
Ive been waiting on 3080....if it cruises up and through...maybe we will have a nice retrace....possibly 1.32...then maybe 1.36....
  • #64,406
  • Mar 15, 2012 9:21am Mar 15, 2012 9:21am
Quoting needpips
Ive been waiting on 3080....if it cruises up and through...maybe we will have a nice retrace....possibly 1.32...then maybe 1.36....

Actually...these are my north Nums:

1.35158
1.36362
1.37107
1.38311
  • #64,407
  • Mar 15, 2012 9:21am Mar 15, 2012 9:21am
suck it 50ema
  • #64,408
  • Mar 15, 2012 9:23am Mar 15, 2012 9:23am
Quoting needpips
Actually...these are my north Nums:

1.35158
1.36362
1.37107
1.38311

South Nums:

1.30056
1.28872
1.28107
1.26903
1.26387
  • #64,409
  • Mar 15, 2012 9:25am Mar 15, 2012 9:25am
Quoting fxjawn
suck it 50ema
what a sass ass..
Look Sharp/Trade Tight
  • #64,410
  • Mar 15, 2012 9:26am Mar 15, 2012 9:26am
Quoting PayTheLimit
what a sass ass..
lol i know.... i just change the color of it to pink on my chart
  • #64,411
  • Mar 15, 2012 9:27am Mar 15, 2012 9:27am
Quoting fxjawn
lol i know.... i just change the color of it to pink on my chart
lol, nice..better yet, make it a pink poka dot..
Look Sharp/Trade Tight
  • #64,412
  • Mar 15, 2012 9:29am Mar 15, 2012 9:29am
At BE. Would like to see 3120 at a push. BBL

Quoting pipper
i'm kinda bullish. Depends on 1.3043 holding now. Have a new H4 starting in 3mins so we'll see i guess
Disclaimer: Check your 1m charts
  • #64,413
  • Mar 15, 2012 9:29am Mar 15, 2012 9:29am
Quoting PayTheLimit
lol, nice..better yet, make it a pink poka dot..
actually she is about to give up the poon...
  • #64,414
  • Mar 15, 2012 9:32am Mar 15, 2012 9:32am
...am I finally getting that 80 or not?
Quant Hedge Fund CEO
  • #64,415
  • Mar 15, 2012 9:33am Mar 15, 2012 9:33am
Someone trading the turd?
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  • #64,416
  • Mar 15, 2012 9:34am Mar 15, 2012 9:34am
Quoting Venice
Same for me hatchy. I sit on my hands while the range plays out.
moved the sl to 38. target is 3100. lifting my butt from the chair now, so shoot me.
  • #64,417
  • Mar 15, 2012 9:35am Mar 15, 2012 9:35am
Here's a hint... When looking at a range, the PA has nothing to do with anything.. This is not for direct trading, but more of a road map as to where are we in the bigger picture. The only thing having anything to do with the price is the middle. If it wants to continue staying within the range, it will go back to the middle of it. When looking at a range you don't care about the direction of the price at this very moment (not even during the session) and you don't care about the spikes outside that session boundaries. In general you look for a strong move that will take you out of the current range.. Right after that the price will create the range boundaries and start bouncing between them. You have to pay attention around the middle and at the edges.. I'm not sure how to make this more clear, but the immediate direction is NOT important, the PLACE is... Here's a pic. of how I'm looking at it, broken down by sessions... Asia separate and London + NY merged... The blue lines separates the individual units. Maroon, are middles from previous ranges and the price tends to react there.. You are probably not looking for something like this but keep in mind, we have to do our homework and there is nothing we can do or calculate that will tell us what the next move will be.. The second pic is the last part of the trading period with the sessions merged (not broken down per units of work)..It's more of a high sky view..

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Quoting Venice
See my style is so weird. I trade the movement of ranges. So, say a breakout happens, a new range establishes it self, and my r/r for entry is somewhere between 50% and the bottom of the range (if were long).

But, because this is really trend trading, I expect the range to continually move up. When it is stuck in place, I have no trade on this style. I need a way to identify it being stuck in place... which would be something as simple as the rejection of price to the top/bottom of the new range. That makes me end up feeling like I am standing...
  • #64,418
  • Mar 15, 2012 9:37am Mar 15, 2012 9:37am
Quoting fxjawn
actually she is about to give up the poon...
you would think, but why is it talking so long...
Look Sharp/Trade Tight
  • #64,419
  • Mar 15, 2012 9:37am Mar 15, 2012 9:37am
Quoting GoldMan.
Someone trading the turd?
pretty much, turd earned me 128 pips since morning.
Quant Hedge Fund CEO
  • #64,420
  • Mar 15, 2012 9:41am Mar 15, 2012 9:41am
Quoting attila
Here's a hint... When looking at a range, the PA has nothing to do with anything.. This is not for direct trading, but more of a road map as to where are we in the bigger picture. The only thing having anything to do with the price is the middle. If it wants to continue staying within the range, it will go back to the middle of it. When looking at a range you don't care about the direction of the price at this very moment (not even during the session) and you don't care about the spikes outside that session boundaries. In general you look for a...
Thanks mang. Will try and digest this.
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