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The Really Useless Thread

  • #76,401
  • Apr 16, 2012 1:23pm Apr 16, 2012 1:23pm
Quoting attila
If you're looking at the stupid h4, they engulfed down, and now they're engulfing it back up. Ridiculous.. On the bright side, daily behaves pretty well..
This is what I was looking at on the H4 Aussie. Nothing really too surprising. Just another supply turned demand area. however, Euro.. .wtf.

At best, I can only say it's trying to find the most recent level of supply, which would be at 3180 area.
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  • #76,402
  • Apr 16, 2012 1:23pm Apr 16, 2012 1:23pm
Quoting gatorinla
wait.. the dollar you lose now, cost 2 dollars to get it back.
why does it cost me 2$?
  • #76,403
  • Apr 16, 2012 1:24pm Apr 16, 2012 1:24pm
Quoting pkimnyc
while daily is nice in all... there something else i'm looking at. candles itself can form whatever they want, but you gotta have a measurement tools to see if theres enough juice and be able to dissect it in smaller tf to see wtf is going on. you have it in your chart too.
It's what I see on daily...

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  • #76,404
  • Apr 16, 2012 1:27pm Apr 16, 2012 1:27pm
Quoting Venice
This is what I was looking at on the H4 Aussie. Nothing really too surprising. Just another supply turned demand area. however, Euro.. .wtf.

At best, I can only say it's trying to find the most recent level of supply, which would be at 3180 area.
This. However, this also puts it in the realm of a V reversal pattern as well.
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  • #76,405
  • Apr 16, 2012 1:28pm Apr 16, 2012 1:28pm
I wanna club a baby seal looking at my trading journal over the last 10 days
  • #76,406
  • Apr 16, 2012 1:29pm Apr 16, 2012 1:29pm
Quoting gatorinla
wait.. the dollar you lose now, cost 2 dollars to get it back.
hey G i know u have a nice setup on cable but , but its tempting might s for a 50 from here
  • #76,407
  • Apr 16, 2012 1:29pm Apr 16, 2012 1:29pm
Quoting Wulfgar
why does it cost me 2$?
dbl or nuthin
  • #76,408
  • Apr 16, 2012 1:29pm Apr 16, 2012 1:29pm
Quoting Wulfgar
why does it cost me 2$?
think about it, a long time. its not a math problem needing solving.
those who can, do. those who cant, talk about those who can
  • #76,409
  • Apr 16, 2012 1:30pm Apr 16, 2012 1:30pm
Quoting attila
It's what I see on daily...

Attachment
i'm looking at the same thing with 4hr divergence.

here's the tricky part, predicting movement of the price and picking the right entry to catch the move is a completely different ball game.
as far as the ew goes, try to find any 5 waves in daily chart since you like daily so much. there is a good reason why i had to trash it trading euro these days.
  • #76,410
  • Apr 16, 2012 1:31pm Apr 16, 2012 1:31pm
Quoting Wulfgar
why does it cost me 2$?
I've got hammered on shorts today, but I held some longs just because but I'm not happy either. Anyway I know why I screwed up. Trying to short a move on h1 from lower TFs.. Pretty stupid..
  • #76,411
  • Apr 16, 2012 1:31pm Apr 16, 2012 1:31pm
Quoting pkimnyc
i'm looking at the same thing with 4hr divergence.

here's the tricky part, predicting movement of the price and picking the right entry to catch the move is a completely different ball game.
Eh, build some draw down into the game plan. Almost a given on my daily entries... usually stops for me are 70-100 pips.
  • #76,412
  • Apr 16, 2012 1:31pm Apr 16, 2012 1:31pm
Quoting pkimnyc
i'm looking at the same thing with 4hr divergence.

here's the tricky part, predicting movement of the price and picking the right entry to catch the move is a completely different ball game.

i like the pinkish way
  • #76,413
  • Apr 16, 2012 1:31pm Apr 16, 2012 1:31pm
Quoting kill56
hey G i know u have a nice setup on cable but , but its tempting might s for a 50 from here
not me.. not yet.. most brokers dont show it.
those who can, do. those who cant, talk about those who can
  • #76,414
  • Apr 16, 2012 1:34pm Apr 16, 2012 1:34pm
Quoting gatorinla
think about it, a long time. its not a math problem needing solving.
i hate math

almost as much as the forex
  • #76,415
  • Apr 16, 2012 1:35pm Apr 16, 2012 1:35pm
Quoting Venice
Eh, build some draw down into the game plan. Almost a given on my daily entries... usually stops for me are 70-100 pips.
i had entry signal at london hour (1hr after london). then during ny. both at 10-20 pips. didn't stay with the trade both earned 40-45 pips each.
  • #76,416
  • Apr 16, 2012 1:35pm Apr 16, 2012 1:35pm
Quoting pkimnyc
i'm looking at the same thing with 4hr divergence.

here's the tricky part, predicting movement of the price and picking the right entry to catch the move is a completely different ball game.
as far as the ew goes, try to find any 5 waves in daily chart since you like daily so much.
Yeah, big motherfucker one. Was there all along..

The red one is a hidden, pointing much higher than that last high at 3170.


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  • #76,417
  • Apr 16, 2012 1:35pm Apr 16, 2012 1:35pm
one for the road
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  • #76,418
  • Apr 16, 2012 1:35pm Apr 16, 2012 1:35pm
Quoting kill56
i like the pinkish way
bastard...
  • #76,419
  • Apr 16, 2012 1:36pm Apr 16, 2012 1:36pm
Quoting attila
I've got hammered on shorts today, but I held some longs just because but I'm not happy either. Anyway I know why I screwed up. Trying to short a move on h1 from lower TFs.. Pretty stupid..
Well... i dunno brother... sucks no matter how u slice it... gave up a meaty chunk of my profits over the last month in the past 10 days....

def no bueno
  • #76,420
  • Apr 16, 2012 1:36pm Apr 16, 2012 1:36pm
Quoting Wulfgar
i hate math

almost as much as the forex
it will make you a better trader.
those who can, do. those who cant, talk about those who can
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