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The Really Useless Thread

  • #109,061
  • Aug 29, 2012 4:11pm Aug 29, 2012 4:11pm
Quoting sidhujag
hmm I found the reverse where NY usually sets the tone but during overlap period. Tops and bottoms are set here.. while london follows the next day. Esp in gold it shows that NY is king because of the manipulation by JPM etc
- like ping-pong with volume/price - the main thing is - there is a lot to work with and many different strategies can be extrapolated from PA depending on perspective
  • #109,062
  • Aug 29, 2012 4:13pm Aug 29, 2012 4:13pm
I see. I'm trying to understand what you're looking for. Your PM is turned off

Quoting Mr Hatch
http://www.forexfactory.com/showthre...70#post5927970
Disclaimer: Check your 1m charts
  • #109,063
  • Aug 29, 2012 4:18pm Aug 29, 2012 4:18pm
Quoting Mr Hatch
Here's my problem with LO-range on that specific chart. the hourly candle was a doji, followed by a bullish engulfing candle resulting in a serious drop... I would have bitten my tongue off for longing into that, who would do it without a pullback?

I don't argue your valid points about London, it just doesn't help me as much as I'd like it to, yet.
Ahhh nop.... we are talking about 3 different things at the same time. One is London and timing that's the one I am referring (and I think you agree with me on that part).

However, knowing about timing will not give you either the direction of the markets (second thing you are mentioning), neither will help you with the technicalities on how to pull the trigger in your system (the third one that I think is bothering you the most).

On the second issue, direction, It is useless to talk about that because is your and only your trading plan. And from what I know and see is very TA solid one. Why that mofu or how that mid, etc is all for you...I can give you my opinion but I think you don't need it as you are more than proficient with your trading plan...

On the technicalities on how to pull the trigger, third issue ".... hourly candle was a doji, followed by a bullish engulfing candle resulting in a serious drop...." I just see the most common London shake out (mini trap of weak hands, 5 minuters and blind pivot traders, etc etc ) on rejection of H4 highs to test daily Support after last day breach to HH in H4, etc ... I hope you get my point

....the point is not in my technicalities either is that your concerns in this specific issue should be addressed at these level (with whatever tools) and they are not related neither to timing with London nor with market Direction.

In simple words, if you "know" direction and you know "when" to look for a trigger, the final technicality of waiting for a pullback on a doji, etc etc becomes irrelevant ...you could just put a M1 stochastic crossover and it would have been a winner....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,064
  • Aug 29, 2012 4:28pm Aug 29, 2012 4:28pm
Reading candles and knowing direction before move happens H will also give you another chink in the armour

Take a step back and look at the candles and ask yourself the following question "how do big forex market movers all over the world know at the same time when a move is on and go for it". Signalling system perhaps
Disclaimer: Check your 1m charts
  • #109,065
  • Aug 29, 2012 4:34pm Aug 29, 2012 4:34pm
Quoting pipper
Reading candles and knowing direction before move happens H will also give you another chink in the armour

Take a step back and look at the candles and ask yourself the following question "how do big forex market movers all over the world know at the same time when a move is on and go for it". Signalling system perhaps
and this is patience..

http://a6.sphotos.ak.fbcdn.net/hphot...56895483_n.jpg
  • #109,066
  • Aug 29, 2012 4:36pm Aug 29, 2012 4:36pm
lol.. classic

Quoting Piters
and this is patience..

http://a6.sphotos.ak.fbcdn.net/hphot...56895483_n.jpg
Disclaimer: Check your 1m charts
  • #109,067
  • Aug 29, 2012 4:40pm Aug 29, 2012 4:40pm
Quoting pipper
I see. I'm trying to understand what you're looking for. Your PM is turned off
This is what Sisse says (is looking at while it happens):
Quote
(mini trap of weak hands, 5 minuters and blind pivot traders, etc etc ) on rejection of H4 highs to test daily Support after last day breach to HH in H4, etc

...and I said...

Quote
I get up, when London is done with that bullshitting misleading people having my intended trades set as pendings...

I don't have the ability yet to create what Sisse does, when he posts charts. That is beyond me yet and still... I need an indicator that I don't even understand.

I have a long way to go, still...
  • #109,068
  • Aug 29, 2012 4:47pm Aug 29, 2012 4:47pm
Quoting Mr Hatch
...and I said...

Quote:
I get up, when London is done with that bullshitting misleading people having my intended trades set as pendings...
...

and I said ...forget about my charts/TA comments but my 2 cents is don't wait that late as early bird gets the worm.... and in term of perspective and reading market sentiment being in sync with London (with or without trades involved) will put you miles away from the competition ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,069
  • Aug 29, 2012 4:51pm Aug 29, 2012 4:51pm
all of us traders are different H. I admire Sisse as a trader and for his charts and fundy knowledge

To be honest, i'm a bit of a lazy trader plus i work full time. I don't have the time to read all the news, map all session opens, highs or lows or research this and that. So i honed my skills around what i have time for.

There is no better indicator i find than just simply reading candles.


Quoting Mr Hatch
This is what Sisse says (is looking at while it happens):


...and I said...



I don't have the ability yet to create what Sisse does, when he posts charts. That is beyond me yet and still... I need an indicator that I don't even understand.

I have a long way to go, still...
Disclaimer: Check your 1m charts
  • #109,070
  • Aug 29, 2012 4:54pm Aug 29, 2012 4:54pm
Quoting pipper

There is no better indicator i find than just simply reading candles.
agree 100% with that mate...the simplest of all info we get from our charting platform but usually the most ignored because of lines, indicators and magic formulas...

GL all trading overnight ... done for the day

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,071
  • Aug 29, 2012 4:56pm Aug 29, 2012 4:56pm
Quoting pipper
There is no better indicator i find than just simply reading candles.
Amen brother

lights out zzzzzzzzzzzzz
  • #109,072
  • Aug 29, 2012 4:58pm Aug 29, 2012 4:58pm
definitely so Sisse. GL mate

Quoting sisse
agree 100% with that mate...the simplest of all info we get from our charting platform but usually the most ignored because of lines, indicators and magic formulas...

GL all trading overnight ... done for the day

sisse
Disclaimer: Check your 1m charts
  • #109,073
  • Aug 29, 2012 4:59pm Aug 29, 2012 4:59pm
late here too Charles. hitting the sack soon enough too

Quoting chazzle
Amen brother

lights out zzzzzzzzzzzzz
Disclaimer: Check your 1m charts
  • #109,074
  • Aug 29, 2012 5:06pm Aug 29, 2012 5:06pm
Here's a chart i posted yesterday H which played out today - Look for patterns

http://www.forexfactory.com/attachme...9&d=1346185824

Quoting pipper
Yip, may get some penetration alright. Looking for an M formation. Beige Book positioning may help too tomorrow
Now on a normal week, i would expect PA to continue south which it may yet. The only thing that bothers me is the Daily 20MA is around 1.259x which it hasn't kissed or so to say so it might still complete touch or just range till Bernanck
Disclaimer: Check your 1m charts
  • #109,075
  • Aug 29, 2012 5:09pm Aug 29, 2012 5:09pm
Quoting Mr Hatch
This is what Sisse says (is looking at while it happens):


...and I said...



I don't have the ability yet to create what Sisse does, when he posts charts. That is beyond me yet and still... I need an indicator that I don't even understand.

I have a long way to go, still...
and me too on the still
  • #109,076
  • Aug 29, 2012 5:19pm Aug 29, 2012 5:19pm
Knocked out of my Aussie long... just in time for it to probably find a bottom too. LOL. I hate trading I'll give her another go if the 15m shows a directional shift (RBR) since we are flirting in H4 demand at the moment. Or rather... falling through it.
  • #109,077
  • Aug 29, 2012 7:50pm Aug 29, 2012 7:50pm
stop selling the aussie... just stop
  • #109,078
  • Aug 29, 2012 8:06pm Aug 29, 2012 8:06pm
Quoting Venice
Knocked out of my Aussie long... just in time for it to probably find a bottom too. LOL. I hate trading I'll give her another go if the 15m shows a directional shift (RBR) since we are flirting in H4 demand at the moment. Or rather... falling through it.
running stops before news ... same old bullshit

u know the score ... there is no real reason for the moves cept money. o did i say that?
  • #109,079
  • Aug 29, 2012 8:23pm Aug 29, 2012 8:23pm
Quoting fxjawn
stop selling the aussie... just stop
Lil further
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  • #109,080
  • Aug 29, 2012 8:29pm Aug 29, 2012 8:29pm
Quoting Rolland
Lil further
u have a dirty lil mouth
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