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The Really Useless Thread

  • #108,001
  • Aug 22, 2012 9:00am Aug 22, 2012 9:00am
Quoting Piters
you mean "sexual worker" ??? yeah.. I am taking only PIPS..



btw.. funny to see Useless going in "PowerNap" MODE everytime when EUR pops Up..

remaining EUR long..I'll close little bit higher.. or stopped with nice profit..
[Chart]
have to run.. Closing my remain 2L EUR long here.. FOMC day.. have a nice day guys..

[Chart]
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  • #108,002
  • Aug 22, 2012 9:12am Aug 22, 2012 9:12am
a little conflict. 4h red engulfed with a b/o close.. then this high spike. a candle user would have shorted 2442 with a sl above the high 2488.. about a 46 pip s/l. where we are atm 2478 . s/l is much less pips. had the last h closed above 2483.. it would have indicated a bull b/o.. not a clear signal..
those who can, do. those who cant, talk about those who can
  • #108,003
  • Aug 22, 2012 9:13am Aug 22, 2012 9:13am
Quoting Piters
have to run.. Closing my remain 2L EUR long here.. FOMC day.. have a nice day guys..

[Chart]
That's probably smart. A good day to you as well.
Be hopeful in a winning position, and fearful in a losing position.
  • #108,004
  • Aug 22, 2012 9:17am Aug 22, 2012 9:17am
a close below 62 (sub 2451.9 more power) on the h should erase the bull.. above 63 is bull
those who can, do. those who cant, talk about those who can
  • #108,005
  • Aug 22, 2012 9:19am Aug 22, 2012 9:19am
Quoting gatorinla
a little conflict. 4h red engulfed with a b/o close.. then this high spike. a candle user would have shorted 2442 with a sl above the high 2488.. about a 46 pip s/l. where we are atm 2478 . s/l is much less pips. had the last h closed above 2483.. it would have indicated a bull b/o.. not a clear signal..
I know 2483 is important, but not exactly sure why. Why is it important to you (not the general area but that specific number)?
Be hopeful in a winning position, and fearful in a losing position.
  • #108,006
  • Aug 22, 2012 9:21am Aug 22, 2012 9:21am
Quoting gatorinla
a close below 62 on the h should erase the bull.. above 63 is bull
Well in my books only Fomc can stop the move up today. 1.258x open target for the week and 1.252x wide open for the day. To the other side I got nothing until 1.243x...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,007
  • Aug 22, 2012 9:32am Aug 22, 2012 9:32am
Quoting sisse
Well in my books only Fomc can stop the move up today. 1.258x open target for the week and 1.252x wide open for the day. To the other side I got nothing until 1.243x...

sisse
oil inventory down,, up wouldn't surprise me..
those who can, do. those who cant, talk about those who can
  • #108,008
  • Aug 22, 2012 9:44am Aug 22, 2012 9:44am
Quoting Rag2RichesFX
I know 2483 is important, but not exactly sure why. Why is it important to you (not the general area but that specific number)?
look at your h candle closes. (oil inventories are down since the last close. so it may bring more bull pressure).. but before that, it was the highest close on the h..
the last green on the 4h wasn't closed engulfed till 244x.. and the stop would be the cluster high 248x. when the h closed below that highest hour close.. it was a rejection.. this was before oil inventories. so who knows. but we still have not closed above the highest h close nor made a HH.. when we went above that 1 h close and wasn't able to close above. that was a weakness clue.
still need 59 and 62
those who can, do. those who cant, talk about those who can
  • #108,009
  • Aug 22, 2012 9:49am Aug 22, 2012 9:49am
Quoting sisse
Well in my books only Fomc can stop the move up today. 1.258x open target for the week and 1.252x wide open for the day. To the other side I got nothing until 1.243x...

sisse
i got 2505 and some others 252x min but more times then not .. 2317/19 happens first.
those who can, do. those who cant, talk about those who can
  • #108,010
  • Aug 22, 2012 10:08am Aug 22, 2012 10:08am
Quoting gatorinla
look at your h candle closes. (oil inventories are down since the last close. so it may bring more bull pressure).. but before that, it was the highest close on the h..
the last green on the 4h wasn't closed engulfed till 244x.. and the stop would be the cluster high 248x. when the h closed below that highest hour close.. it was a rejection.. this was before oil inventories. so who knows. but we still have not closed above the highest h close nor made a HH.. when we went above that 1 h close and wasn't able to close above. that was a weakness clue....
lots of buy pressure there (near 60)...still not quite a new high.. very close 24875 vs 24871 on my chart

i have my highest H1 close @81 not 83 (brokers differ i guess), but thanks for answering the question
Be hopeful in a winning position, and fearful in a losing position.
  • #108,011
  • Aug 22, 2012 10:13am Aug 22, 2012 10:13am
Quoting gatorinla
look at your h candle closes. (oil inventories are down since the last close. so it may bring more bull pressure).. but before that, it was the highest close on the h..
the last green on the 4h wasn't closed engulfed till 244x.. and the stop would be the cluster high 248x. when the h closed below that highest hour close.. it was a rejection.. this was before oil inventories. so who knows. but we still have not closed above the highest h close nor made a HH.. when we went above that 1 h close and wasn't able to close above. that was a weakness clue....
so far, rejection on the 1 h. and the 4h still valid bear. bulls need to hold 62 and 59.. if they don't and the high remains. and we now make a new low.. then the tanning lotion is indicated for 237ties.
4h above 1h
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those who can, do. those who cant, talk about those who can
  • #108,012
  • Aug 22, 2012 10:16am Aug 22, 2012 10:16am
Quoting gatorinla
so far, rejection on the 1 h. and the 4h still valid bear. bulls need to hold 62 and 59.. if they don't and the high remains. and we now make a new low.. then the tanning lotion is indicated for 237ties.
4h above 1h


truly appreciate the help. i have only been trading for a couple years
Be hopeful in a winning position, and fearful in a losing position.
  • #108,013
  • Aug 22, 2012 10:20am Aug 22, 2012 10:20am
Quoting Rag2RichesFX
lots of buy pressure there (near 60)...still not quite a new high.. very close 24875 vs 24871 on my chart

i have my highest H1 close @81 not 83 (brokers differ i guess), but thanks for answering the question
this is why the r/r is so good near the high..
those who can, do. those who cant, talk about those who can
  • #108,014
  • Aug 22, 2012 10:29am Aug 22, 2012 10:29am
Quoting Rag2RichesFX


truly appreciate the help. i have only been trading for a couple years
no matter how big or strong a b/o looks.. if you missed it.. it more times then not, pulls back. this particular one has a norm of 2317/19..sure they can be shorted. i like the other way toward the target. many times just at the edge. believe it or not, going south is part of the bull move.
those who can, do. those who cant, talk about those who can
  • #108,015
  • Aug 22, 2012 10:31am Aug 22, 2012 10:31am
30 closed below 62..
those who can, do. those who cant, talk about those who can
  • #108,016
  • Edited 10:56am Aug 22, 2012 10:39am | Edited 10:56am
Quoting gatorinla
no matter how big or strong a b/o looks.. if you missed it.. it more times then not, pulls back. this particular one has a norm of 2317/19..sure they can be shorted. i like the other way toward the target. many times just at the edge. believe it or not, going south is part of the bull move.
thanks i do seem to prefer to counter trend trade, i dont know why, i can just see retracement setups better than trend continuation. i need to work on trends because i know thats where the real money is made..

for instance here with EA, i shorted again higher @ 1952 after my tight stops were taken out.

i dont mind losing a few as long as i get at least 50 on the pullback. Although with the way EA is trading I'm not sure if it will even pull back that much at all. We have been making higher highs and higher lows. Hopefully that ends here. Need to break 1918/14 and then go for 1890 area as first hurdles.

ea chart posting stop hunt curse cant last forever.. or can it.. lol, too bad there is nothing to see this time

edit: ea 15m
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Be hopeful in a winning position, and fearful in a losing position.
  • #108,017
  • Aug 22, 2012 11:31am Aug 22, 2012 11:31am
Quoting Rag2RichesFX
thanks i do seem to prefer to counter trend trade, i dont know why, i can just see retracement setups better than trend continuation. i need to work on trends because i know thats where the real money is made..

for instance here with EA, i shorted again higher @ 1952 after my tight stops were taken out.

i dont mind losing a few as long as i get at least 50 on the pullback. Although with the way EA is trading I'm not sure if it will even pull back that much at all. We have been making higher highs and higher lows. Hopefully that ends here....
i closed the big one.. and wait for retrace.. i did s but it took my b.e. earlier.
those who can, do. those who cant, talk about those who can
  • #108,018
  • Aug 22, 2012 11:43am Aug 22, 2012 11:43am
Quoting gatorinla
i closed the big one.. and wait for retrace.. i did s but it took my b.e. earlier.
well that certainly makes me feel better about a retrace

this thing just won't go down, i could have taken 20-30 pips about 5 times today from the bounces has put in but ive just been holding short for more pips

i guess would be smarter to wait for candle to show down, but the entry would not be as good, although chance of success much better
Be hopeful in a winning position, and fearful in a losing position.
  • #108,019
  • Aug 22, 2012 11:50am Aug 22, 2012 11:50am

  1. 12:35 PM Three lunchtime reads:
    1) Dividends provide a return bonus
    2) Chances of QE3 diminishing
    3) Zombie China Comment!

  2. 11:53 AM Don't look for any decisions to come out of Friday's meeting with Greek PM Samaras, says Germany's Angela Merkel, who adds she will wait for a Troika report in October. Samaras, meanwhile, launches a PR offensive with a German newspaper interview, asking for "breathing space," and saying he "personally guarantees" repayment of rescue funds. Personally?

  • #108,020
  • Aug 22, 2012 11:54am Aug 22, 2012 11:54am
Quoting chazzle
cleared for 27 pips - will look to long a p/b
took another bite - kind of knew I shouldn't have closed , but then did anyway

also see we had a pip-perfect rt of the daily level - which I would have jumped on , had I been around

hope all are good in this here hood

Flat atm
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