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The Really Useless Thread

  • #109,241
  • Aug 30, 2012 11:12am Aug 30, 2012 11:12am
Quoting AllyB
it's an image that is hard to forget

It is full moon again......to displace the evil spirits of the forex market dancing will take place again over the weekend

Maybe I should post on YouTube
" Never let the past hold the future to ransom "
  • #109,242
  • Aug 30, 2012 11:15am Aug 30, 2012 11:15am
Ok, as I read back through the conversation, it is starting to make sence. A bit. Tiny bit in fact.

Please, correct me if I am wrong, but sisse is suggesting, that if you are able to get in City traders head and know where are they going to move, you will get best R/R when entering at London open. Right?

T
"I know one thing, that I know nothing." Sokrates
  • #109,243
  • Aug 30, 2012 11:17am Aug 30, 2012 11:17am
Quoting Gleneagles
It is full moon again......to displace the evil spirits of the forex market dancing will take place again over the weekend

Maybe I should post on YouTube
not sure if you should do that or not ... what if your dance makes the sky shot out a bunch of falling stars and kills someone. YOU would get the blame

  • #109,244
  • Aug 30, 2012 11:22am Aug 30, 2012 11:22am
Quoting AllyB
not sure if you should do that or not ... what if your dance makes the sky shot out a bunch of falling stars and kills someone. YOU would get the blame


Best I just stick to a few cocktails

Don`t fall into Jackson`s Hole

Have a good weekend....
" Never let the past hold the future to ransom "
  • #109,245
  • Aug 30, 2012 11:25am Aug 30, 2012 11:25am
Quoting Gleneagles
Best I just stick to a few cocktails

Don`t fall into Jackson`s Hole

Have a good weekend....
no trading tomorrow? if not, you take care and enjoy your spring weather.

last useless post of the day and the bar is open

cheers
  • #109,246
  • Aug 30, 2012 11:34am Aug 30, 2012 11:34am
Quoting AllyB
is this the reason why the price is staying at 2550?
notice how the path was cleared after expiry...
  • #109,247
  • Aug 30, 2012 11:40am Aug 30, 2012 11:40am
Quoting AllyB
no trading tomorrow? if not, you take care and enjoy your spring weather.

last useless post of the day and the bar is open

cheers

No trading for sure....decent weather forecasted for the whole weekend

Of to the lake tomorrow

cheers.....
" Never let the past hold the future to ransom "
  • #109,248
  • Aug 30, 2012 11:44am Aug 30, 2012 11:44am
Quoting chazzle
Long AUD for bounce against USD and CAD
closed these after lacklustre LO ( -5 on AU +10 on AC ) -- had pendings below on each kept open - AU was 280 - but i jumped the gun and bought at market at 295 a little while ago - I see now it would have hit

AC pending still open and so far bounced about 9 pips away ...

I'm assuming this is just a flush out of weak hands pre-J-Hole - and there's no actual news out?? will have a look
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  • #109,249
  • Aug 30, 2012 11:45am Aug 30, 2012 11:45am
NY gold fix abotu to take place.. can see a big dump maybe
  • #109,250
  • Aug 30, 2012 11:54am Aug 30, 2012 11:54am
again taking today's range , chopping it into quarters and adding a couple of lines - AUG8 swing high and Mondays low - for possible scalps

I've just missed a good one which covered that distance in 10 minutes ( AUG8/ Monday levels )
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  • #109,251
  • Aug 30, 2012 12:04pm Aug 30, 2012 12:04pm
waiting for a much higher level for re-entry on this starter positions.. been a while dusting off the cobwebs a bit here
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Don't have an ego. Always question yourself and your ability.
  • #109,252
  • Aug 30, 2012 12:21pm Aug 30, 2012 12:21pm
So, what's our plan for tomorrow?
  • #109,253
  • Aug 30, 2012 12:22pm Aug 30, 2012 12:22pm
Quoting Mr Hatch
So, what's our plan for tomorrow?
Retrace. Look for weakness. Sell sell sell.
  • #109,254
  • Aug 30, 2012 12:24pm Aug 30, 2012 12:24pm
Quoting Tom_D_Trader
......, you will get best R/R when entering at London open. Right?

T
Well kind of. I wasn't talking about a trigger I was talking about timing. The exact London open it can be as relevant or irrelevant as any other level.

My point was about timing ...If you want to dig in detail I would recommend to see the markets in terms of ranges/areas more than exact levels.

Quoting Tom_D_Trader
It seems to me, that from morning chop, sisse somehow deducted that we will be going down today......

T
That's the thing, is not about deducting a specific London open or whatever is about perspective. The chop is only visible because you are trading or tracking tiny charts, and that's when you have to start asking all those questions.

The chop in the morning is so compress (26 ticks) that knowing the exact top and bottom are almost indispensable for success, plus after a dozen of legs up and down I guess who will be still sane enough to think about taking the directional move .... In those charts, London opening (or whatever area) becomes a tiny dot in the charts that get chopped out in and out, blur and disappear on the noise after a couple of hours.

While if you see it from a different perspective, when you have only 1 level and 1 level to track, the opening (or it can be the news or whatever) becomes the key moments to track around 1 or 2 bars, it is stay visible for the next 5 or 6 days as a key intraday moment...

I think the chart are self-explanatory on this .... Today case again from M5 and H4 perspective ....again triggers and direction are irrelevant in those charts ...

I hope it helps

sisse
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Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,255
  • Aug 30, 2012 12:55pm Aug 30, 2012 12:55pm
Quoting chazzle
This is what I was looking at - previous forecast with a bull bias - but now today's candle says otherwise - poss. D/top forming ( ok not uptrend so to speak but a d-top of the p/b ) - if it closes down here , I would consider short at today's mid - if it gets back there
forgot all about this one - would have been damn easy to manage ( mid at real body )
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  • #109,256
  • Aug 30, 2012 1:09pm Aug 30, 2012 1:09pm
Stopped out earlier. good call on the trap Sisse. Will keep an eye on those small wicks on the MACD going forward. thanks for tip mate

Quoting sisse
Thanks for that MACD heads up ...using the same info the small wick on the MACD the 24th August can signal a trap (divergence) barely visible on the MACD but with PA next to it is clearer ...In simple words, thats the last option for bears MACD wise too...

Let see...

sisse
Disclaimer: Check your 1m charts
  • #109,257
  • Aug 30, 2012 1:20pm Aug 30, 2012 1:20pm
Quoting sisse
..
I hope it helps

sisse
Yep, it helped. Thank you again for your time sisse. You are really incredibly patient and helpfull. I wish I could vouch for second time and since I cant, I can say only: Thank you.

T
"I know one thing, that I know nothing." Sokrates
  • #109,258
  • Aug 30, 2012 1:31pm Aug 30, 2012 1:31pm
BACON!!!!!!!!!!!!!!!!!!!!!!!!
  • #109,259
  • Aug 30, 2012 1:36pm Aug 30, 2012 1:36pm
Quoting pipper
Stopped out earlier. good call on the trap Sisse. Will keep an eye on those small wicks on the MACD going forward. thanks for tip mate
Your welcome mate...

ES finding strong support at daily S. 1400.xx only "warning" and level to track across the board for BB tomorrow. Gold coughing at the highs but important mid term break up confirmation in play for tomorrow (Key for Currencies, via QEs and dollaR) ... nothing to see and do in the euro as BB is the only one in control.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,260
  • Aug 30, 2012 2:13pm Aug 30, 2012 2:13pm
Thinking of picking up a piano to learn how to play... got any players in here?
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