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The Really Useless Thread

  • #99,721
  • Jul 2, 2012 4:11pm Jul 2, 2012 4:11pm
2680 again imo
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Disclaimer: Check your 1m charts
  • #99,722
  • Jul 2, 2012 4:25pm Jul 2, 2012 4:25pm
looks like we are at the 3/4 spot bounce for 1.41 (mid of the previous leg) i would look for reversal signs. for a big bear.. it don't hurt to look
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those who can, do. those who cant, talk about those who can
  • #99,723
  • Jul 2, 2012 4:39pm Jul 2, 2012 4:39pm
Quoting gatorinla
small world with 73 on it.
it does give u the roll or the daily open
  • #99,724
  • Jul 2, 2012 4:45pm Jul 2, 2012 4:45pm
Quoting kill56
it does give u the roll or the daily open
London close open could be helpful .. the one on the 30 min.. not the h close. the 4:30 London time close level.
those who can, do. those who cant, talk about those who can
  • #99,725
  • Jul 2, 2012 4:51pm Jul 2, 2012 4:51pm
Quoting gatorinla
London close open could be helpful .. the one on the 30 min.. not the h close. the 4:30 London time close level.
Been tracking that closely recently, and finding the 5pm one much more "sticky/magnetic" than the 4:30 close. Continuing to track to get more quantifiable "data" so to speak, but...

Have you observed the opposite in the past? More respect given to 4:30?
  • #99,726
  • Jul 2, 2012 4:57pm Jul 2, 2012 4:57pm
Quoting kenfen69
Been tracking that closely recently, and finding the 5pm one much more "sticky/magnetic" than the 4:30 close. Continuing to track to get more quantifiable "data" so to speak, but...

Have you observed the opposite in the past? More respect given to 4:30?
Trading is not an exact science and worst in forex that we don't have a centralized exchange ....Why don't you try exploring market levels in "range areas" terms (e.g opening/closing ranges, S/R areas, etc)....my 2 cents.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #99,727
  • Jul 2, 2012 5:06pm Jul 2, 2012 5:06pm
Quoting gatorinla
London close open could be helpful .. the one on the 30 min.. not the h close. the 4:30 London time close level.
let me see if i can add it to it not smart but i will try
  • #99,728
  • Jul 2, 2012 5:08pm Jul 2, 2012 5:08pm
Quoting kenfen69
Been tracking that closely recently, and finding the 5pm one much more "sticky/magnetic" than the 4:30 close. Continuing to track to get more quantifiable "data" so to speak, but...

Have you observed the opposite in the past? More respect given to 4:30?
no.. but over and under can give an edge when its crossed. the more you got pointing in a direction. the better.
those who can, do. those who cant, talk about those who can
  • #99,729
  • Jul 2, 2012 5:08pm Jul 2, 2012 5:08pm
Quoting sisse
Trading is not an exact science and worst in forex that we don't have a centralized exchange ....Why don't you try exploring market levels in "range areas" terms (e.g opening/closing ranges, S/R areas, etc)....my 2 cents.

sisse
Hi mate,

Well...I certainly track "range areas" through supply/demand zones (areas)...big time. Stop zones, too. 5pm London close has just been freaking me out a little...often days and weeks later, too. Quick example...

Attached Image (click to enlarge)
Click to Enlarge Name: 15min.PNG Size: 50 KB


X marks Friday's London close (5pm). Small run up today stopped 0.00003 higher than that level. Coincidence? Sure...maybe. But I see the same coincidence playing out very often...even well into the future.

So that is why I'm specifically tracking it a lot at the moment, but...

Can you give me an example of what you mean by "opening/closing ranges?"
  • #99,730
  • Jul 2, 2012 5:09pm Jul 2, 2012 5:09pm
Quoting kill56
let me see if i can add it to it not smart but i will try
london close/open bro.... not franky open/close... just making sure bro, in case you're still high...
  • #99,731
  • Jul 2, 2012 5:11pm Jul 2, 2012 5:11pm
the new atr
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  • #99,732
  • Jul 2, 2012 5:13pm Jul 2, 2012 5:13pm
Quoting gatorinla
no.. but over and under can give an edge when its crossed. the more you got pointing in a direction. the better.
Last week I was dropping a line at 4:30 AND 5:00pm London close...and treating the band as a mofu!

I need to take a look again, because it was interesting.
  • #99,733
  • Jul 2, 2012 5:13pm Jul 2, 2012 5:13pm
Quoting pkimnyc
london close/open bro.... not franky open/close... just making sure bro, in case you're still high...

dammmmmmmmmm how did u know
  • #99,734
  • Jul 2, 2012 5:15pm Jul 2, 2012 5:15pm
Quoting kill56
dammmmmmmmmm how did u know
been there too bro... i know exactly where you are.
  • #99,735
  • Jul 2, 2012 5:16pm Jul 2, 2012 5:16pm
Quoting pkimnyc
been there too bro... i know exactly where you are.
High???

  • #99,736
  • Jul 2, 2012 5:18pm Jul 2, 2012 5:18pm
Quoting kenfen69
Last week I was dropping a line at 4:30 AND 5:00pm London close...and treating the band as a mofu!

I need to take a look again, because it was interesting.
that is market gap trading

i do keep an eye on all the 3 markets asia london and the US , close and open even highs and lows , most of the time it does close the gap btween them thats if u wanna call it a gap call it shitt but it does work
  • #99,737
  • Jul 2, 2012 5:20pm Jul 2, 2012 5:20pm
Quoting kenfen69
High???

Interesting place.
  • #99,738
  • Jul 2, 2012 5:21pm Jul 2, 2012 5:21pm
Quoting pkimnyc
Interesting place.
sure with kind of market thats what we need
  • #99,739
  • Jul 2, 2012 5:22pm Jul 2, 2012 5:22pm
Quoting kenfen69
Hi mate,

Well...I certainly track "range areas" through supply/demand zones (areas)...big time. Stop zones, too. 5pm London close has just been freaking me out a little...often days and weeks later, too. Quick example...

Attachment

X marks Friday's London close (5pm). Small run up today stopped 0.00003 higher than that level. Coincidence? Sure...maybe. But I see the same coincidence playing out very often...even well into the future.

So that is why I'm specifically tracking it a lot at the moment, but...

Can you...
Well, here is a random example with the London close the last few days...

Keep in mind that I am referring to the notion of a closing/opening range and no way it means a "trading system". I know you are smart to not take it out of context but they are some other that may not...

sisse
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Pending conversations? PM for a chat...I am mainly in OTM now
  • #99,740
  • Jul 2, 2012 5:24pm Jul 2, 2012 5:24pm

  1. 3:35 PM Heading into this week's rate decisions, swaps are pricing a 36% chance of a rate cut from the ECB (Thursday), a 15% chance for the RBA (Tuesday), and a 8% chance for the BoE (Thursday), notes John Kicklighter. The ECB chance seems low given the rush last week of forecasters expecting a cut. The BoE may not move on rates, but additional QE is very much on the table. 3 Comments

  2. 2:58 PM One byproduct of the EU debt crisis is an overworked, overburdened staff at the ECB, finds IPSO, the labor union to about 40% of ECB employees. It makes for "serious potential operational risk for the (central bank)," says IPSO President Marius Mager.

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