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The Really Useless Thread

  • #107,821
  • Aug 21, 2012 7:25pm Aug 21, 2012 7:25pm
Quoting kenfen69
I'm with you!

Just got filled on a PO at 1918. Prepared charts a while ago...will review if I need to change them. Got a little side tracked with an Archie sighting () and a few PMs...back in a few.
post charts if you want I'd be glad to see

Aussie is really tanking though but 104.50/40 should provide some support where as E/U has more room to go down, so hopefully that is good for EA shorts

Edit: last one filled @ 1925

Just realized we had a full green bar for the daily close..
Be hopeful in a winning position, and fearful in a losing position.
  • #107,822
  • Aug 21, 2012 7:33pm Aug 21, 2012 7:33pm
Quoting Rag2RichesFX
post charts if you want I'd be glad to see

Aussie is really tanking though but 104.50/40 should provide some support where as E/U has more room to go down, so hopefully that is good for EA shorts

Edit: last one filled @ 1925

Just realized we had a full green bar for the daily close..
1936 is a target, so why not wait for it?
  • #107,823
  • Aug 21, 2012 7:36pm Aug 21, 2012 7:36pm
Haven't posted charts in a while. Only been busy on EA...nothing anywhere else. Tide is/has definitely turned. Easy run south is over...for now at least. Back to "purchasing my next highest entry" mode...and debating where to just flatten up...or consider it the Long long-term play I was originally seeking.

Out of date, by an hour or so, charts of what I'm up to...and what I'm watching...

---------------------------------------------------------------

H1: Closed enough this morning (at the ungawdly [to wake up, at least] hour 0f 5:25est) of my higher orders to flatten what was below, and reduce the size of what was left on those to carry on further north without incurring too much DD...

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Reason was the continued H1 Higher Low, and an M15 engulfment back through the recent range...particularly visible on M15 TF.

---------------------------------------------------------------

H4: Two levels we "may" be heading toward fairly quick: 1940 equals the 23.6 Fib of the recent wild run down (more clear on next chart), and D1 50ema (Red MA coming in at the top)

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D1: You can see the levels my "wild run south" Fib is pulled off here. Coming in on 23.6% now. Also to note above is the 50%...aka...the Mid! Thicker Red TL (starred in yellow) lines up with it quite nicely, too. That is drawn off the W1 TF. Sweet confluence, and may prove very magnetic.

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Still have interest in shorting. Swaps help that desire...so does the fact that D1 has now entered OB zone on Stochs. Neither of those will save an account, mind you...so caution must always be exercised...which is why I'm still at this margin level...

Attached Image


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This pair could really run to 1.55-1.72ish to restore equilibrium of some sort. I still fancy there is more money to be made being long, than short. Just have to time things right, keep TFs in perspective, and use margin accordingly.

***I need to update this post because my order has filled (1918), and my margin % has changed. Will post one soon after this with fresh screen grabs.
  • #107,824
  • Aug 21, 2012 7:41pm Aug 21, 2012 7:41pm
Quoting Mr Hatch
1936 is a target, so why not wait for it?
I'm sick of waiting!!!

Oh...you weren't asking me.

Myself...I see targets come close all the time, but just miss (Who's broker...what spread and other shenanigans?). I like going in (or digging myself out of holes ) a little sooner with less margin. If I then get a candle around "target" zones...I'll pounce!

That's me...in a nutshell. May not make sense...but I have to keep myself interested...and awake, too.
  • #107,825
  • Aug 21, 2012 7:54pm Aug 21, 2012 7:54pm
Updated shiz...

H1: Although I would never use this as a DIRECT reason to enter a trade...particularly on this pair...H1 Stochs are pinned! Also...is that an H1 pin forming? 6 minutes to find out...

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H4: Stochs in that zone, too. Through the H4 200ema...which is always a bit of a loosey-goosey...

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H4 (zoomed out): Rarely reacts with precision...but rarely blows through and keeps on running either (orange MA below)...

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Direction...margin...reaction.

Damn...I feel higher than Killer...and I haven't smoked a spliff in YEARS!!! (<--true that! )
  • #107,826
  • Aug 21, 2012 8:03pm Aug 21, 2012 8:03pm
Quoting julia2011
guys i really wanna answer
is it possible we see
aussie at 390
and eu at 2550
cable at 58xx
i mean all long , except aussie short
by tomorrow
certainly possible. i don't know about by tomorrow though.
judging by weekly momentum.... i think we will get there and possibly much more, but that's just me.
  • #107,827
  • Edited 8:45pm Aug 21, 2012 8:14pm | Edited 8:45pm
Quoting Mr Hatch
1936 is a target, so why not wait for it?
If it doesn't get there, I miss it. I don't need perfect RR (although if it gets to 36 ill try with a stop @ 40 or something)

1936 is the 23.6 fib, the supply is at 1926

I prefer to scale in.

Edit: I guess there is also another supply level at 1936 (july 11th lows) where the fib is at as well.
Be hopeful in a winning position, and fearful in a losing position.
  • #107,828
  • Aug 21, 2012 8:26pm Aug 21, 2012 8:26pm
Quoting kenfen69
Updated shiz...

H1: Although I would never use this as a DIRECT reason to enter a trade...particularly on this pair...H1 Stochs are pinned! Also...is that an H1 pin forming? 6 minutes to find out...

Attachment


H4: Stochs in that zone, too. Through the H4 200ema...which is always a bit of a loosey-goosey...

Attachment


H4 (zoomed out): Rarely reacts with precision...but rarely blows through and keeps on running either (orange MA below)...

Attachment

Direction...margin...reaction.

Damn...I...

Thanks for the charts. I like the way you shade the channels

I'll post a few in a little while
Be hopeful in a winning position, and fearful in a losing position.
  • #107,829
  • Aug 21, 2012 8:30pm Aug 21, 2012 8:30pm
Quoting pkimnyc
certainly possible. i don't know about by tomorrow though.
judging by weekly momentum.... i think we will get there and possibly much more, but that's just me.
When sweet Julia (Beatles fan, I am. "Young-ish" one, though) posts...I sense urgency. The font color...the font size. Then...

A few members reply...honestly...directly...occasionally cynically/sassily (Hutchy-hoo-hoo)...but then she disappears???

Please report back, julia. Always nice to know how things went. Easier to determine when/where things went wrong/right. For you...all of us...and everyone looking in. Learning from each other's strengths and weaknesses is the most powerful thing Forex Factory can offer. It most certainly isn't

 

  1. How to choose a hosting company. Or...
  2. How to have members (and potential members) surf your site on mobile devices. Or...
  3. How to annoyingly "hover-generate" cash (SO lame!!!). Or...
  4. How to pop in to significant threads and say hello around moments of significance. "Thanks crew...we love you (and your pitiful, crack-addict, forex souls!"


Bold above is where it at. Its up to us "shleps" (not to be confused with Phelps! ) to pull one another through these trenches.



ps- (gap between "occasionally" above is an FF induced bug. Add that to the "Or's" and "How to's."

  • #107,830
  • Aug 21, 2012 8:38pm Aug 21, 2012 8:38pm
aud/usd is dropping.. ea near target.. eu is stalled. euro may drop after ea hits ea target. and aud/usd may stall.. but both dropping is ok too
those who can, do. those who cant, talk about those who can
  • #107,831
  • Aug 21, 2012 8:38pm Aug 21, 2012 8:38pm
aussie
waiting my tg 390 since yesterday
  • #107,832
  • Aug 21, 2012 8:39pm Aug 21, 2012 8:39pm
Quoting Rag2RichesFX
I like the way you shade the channels
Fak lot of good THAT did now on the way up!

Bastard's gone parabolic! The rise of which I haven't seen since the mighty Silver and Gold rise of '08! Or...the INVERSE of the great EA decent dating back a few months!

Quoting Rag2RichesFX
I'll post a few in a little while
Look forward to them, mate!

Feel welcome. Don't let a prick be a thorn in your side!

Above all else...Bank them pips!
  • #107,833
  • Aug 21, 2012 8:42pm Aug 21, 2012 8:42pm
Quoting Rag2RichesFX
If it doesn't get there, I miss it. I don't need perfect RR (although if it gets to 36 ill try with a stop @ 40 or something)

1936 is the 23.6 fib, the supply is at 1926

I prefer to scale in.
i love missing them. the fear of missing a trade, was/is a flaw in my trading. i do try not to do it.
those who can, do. those who cant, talk about those who can
  • #107,834
  • Aug 21, 2012 8:43pm Aug 21, 2012 8:43pm
Quoting gatorinla
aud/usd is dropping.. ea near target.. eu is stalled. euro may drop after ea hits ea target. and aud/usd may stall.. but both dropping is ok too


The fak, mofo?

You'd best've been out making money for them tight-fitting sleevless-numbers you're so fond of, or joo got some 'splaining to do!

FibbinArchie popped in earlier. Although he didn't "actually" say it...he said hello to you. And although you didn't "actually" say it back...I implied it. ish

killer...wake that fakking camel up...more high! Thigh-highs, too!
  • #107,835
  • Aug 21, 2012 8:44pm Aug 21, 2012 8:44pm
Quoting gatorinla
i love missing them. the fear of missing a trade, was/is a flaw in my trading. i do try not to do it.
Powerful!
  • #107,836
  • Aug 21, 2012 8:47pm Aug 21, 2012 8:47pm
Quoting julia2011
aussie
waiting my tg 390 since yesterday
if we take 440
then 390
  • #107,837
  • Aug 21, 2012 8:48pm Aug 21, 2012 8:48pm
Quoting gatorinla
its trying..http://www.forexfactory.com/attachme...1&d=1345220230
closer 1934 atm print
Attached Image (click to enlarge)
Click to Enlarge Name: usdx cam.PNG Size: 20 KB
those who can, do. those who cant, talk about those who can
  • #107,838
  • Aug 21, 2012 8:53pm Aug 21, 2012 8:53pm
? almost 300 pips
Attached Image
those who can, do. those who cant, talk about those who can
  • #107,839
  • Aug 21, 2012 9:02pm Aug 21, 2012 9:02pm
Quoting kenfen69
Fak lot of good THAT did now on the way up!

Bastard's gone parabolic! The rise of which I haven't seen since the mighty Silver and Gold rise of '08! Or...the INVERSE of the great EA decent dating back a few months!
Yeah, EA hit 13.0 fib perfect and went down 100 pips, hopefully 23.6 fib gives us the same result.

I am long silver from 26.75 so I hope we get another rise like that soon (although I don't think we will until E/U significantly rises, but I think $26/oz will hold even if E/U goes down another leg to 1.16)



Quoting kenfen69

Look forward to them, mate!

Feel welcome. Don't let a prick be a thorn in your side!

Above all else...Bank them pips!
Thanks . Yeah I did not bank my pips from yesterday unfortunately (only about 60 though), my entries are usually good, I need to work on my exits (and i knew 1772 (or 1775 on ECN) was important for bulls but placed TP too aggressive and was missed) but they are getting better.


Quoting gatorinla
? almost 300 pips

Nice trade! Curious what was the S/L?
Be hopeful in a winning position, and fearful in a losing position.
  • #107,840
  • Aug 21, 2012 9:04pm Aug 21, 2012 9:04pm
Quoting gatorinla
? almost 300 pips
Almost?

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Surely you jest?



Disclosure: yes...I have shorts running. But neither a pair named EA, or a skinny, pretty-white-boy, male-whore, from Zimbabwe named gator will deter me!

I kid, I kid. Pace is picking up. Decent retrace, and I'll "nearly" flatten shorts. Take 1.2050 with conviction...I'm longing the retests. Swaps are going to stink, but there will eventually be money in them thar hills.
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