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The Really Useless Thread

  • #110,641
  • Sep 12, 2012 7:38am Sep 12, 2012 7:38am
Quoting FibbinArchie
i like to dial 'em in tight tho' kill...

was playing a retrace for a break of 34 area, but not sure it'll do it ahead of fomc now, let's see...
who does not

for now walking the dog light
  • #110,642
  • Sep 12, 2012 7:42am Sep 12, 2012 7:42am
Quoting kill56
who does not

for now walking the dog light
i'm only little and probably will be for some time to come, so have to play defensively... like sisse said, it's about having the capital, if you have it then you can afford to be more aggressive, wtf, i'm still just learning really...

Inserted Video
  • #110,643
  • Sep 12, 2012 7:45am Sep 12, 2012 7:45am
thanks mate. had 2908 as obstacle but forgot to put last years close on my chart defo gotta wait for Benny tomorrow mate. What do you mean by below mate

Quoting sisse
Moreover, there are more ticks from this year low to the the current level (yearly open) than from this year high to the same point ....
sisse
Disclaimer: Check your 1m charts
  • #110,644
  • Sep 12, 2012 7:52am Sep 12, 2012 7:52am
BBL
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 18 KB
Disclaimer: Check your 1m charts
  • #110,645
  • Sep 12, 2012 7:55am Sep 12, 2012 7:55am
gold is pinkish
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  • #110,646
  • Sep 12, 2012 7:57am Sep 12, 2012 7:57am
Quoting pipper
thanks mate. had 2908 as obstacle but forgot to put last years close on my chart defo gotta wait for Benny tomorrow mate. What do you mean by below mate
Well it is basic measure of strength and who is in control in a defined range. In this case, we take the longest you have in currencies: yearly. (above that is a bit useless and unreal as FX are not long term investments)

If you mark 3 points in your chart inside of the range: 1st, is last year close/this year open, the 2nd this year high (highest point in current range) and 3rd this year low (lowest point in current range), you can see that the number of ticks from this year low to the current levels (which are last year close/this year open) is larger than the ones from the highs....

In simple words, is a quick measure to evaluate who is control and who is underwater (or already clear) ... in other words how many sane traders across the world do you think they will hold a nearly 1000 tick move against your position ? ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,647
  • Sep 12, 2012 8:03am Sep 12, 2012 8:03am
Quoting sisse
Well it is basic measure of strength and who is in control in a defined range. In this case, we take the longest you have in currencies: yearly. (above that is a bit useless and unreal as FX are not long term investments)

If you mark 3 points in your chart inside of the range: 1st, is last year close/this year open, the 2nd this year high (highest point in current range) and 3rd this year low (lowest point in current range), you can see that the number of ticks from this year low to the current levels (which are last year...

art bro art
  • #110,648
  • Sep 12, 2012 8:03am Sep 12, 2012 8:03am
Quoting FibbinArchie
i'm only little and probably will be for some time to come, so have to play defensively... like sisse said, it's about having the capital, if you have it then you can afford to be more aggressive, wtf, i'm still just learning really...

http://www.youtube.com/watch?v=HvdNtZ5zPTs
also if price is not behaving as you expected it to, then better to go to the sidelines...
  • #110,649
  • Sep 12, 2012 8:05am Sep 12, 2012 8:05am
Quoting FibbinArchie
also if price is not behaving as you expected it to, then better to go to the sidelines...
wise bro
  • #110,650
  • Sep 12, 2012 8:18am Sep 12, 2012 8:18am
Quoting kill56
u did great bro well done
thanks, will go live in Oct.
  • #110,651
  • Sep 12, 2012 8:37am Sep 12, 2012 8:37am
What are you defining as and how are you measuring ticks mate, volume indi ?

Quoting sisse
Well it is basic measure of strength and who is in control in a defined range. In this case, we take the longest you have in currencies: yearly. (above that is a bit useless and unreal as FX are not long term investments)

If you mark 3 points in your chart inside of the range: 1st, is last year close/this year open, the 2nd this year high (highest point in current range) and 3rd this year low (lowest point in current range), you can see that the number of ticks from this year low to the current levels (which are last year...
Disclaimer: Check your 1m charts
  • #110,652
  • Sep 12, 2012 9:04am Sep 12, 2012 9:04am
Quoting kill56
wise bro
:nerd:
  • #110,653
  • Sep 12, 2012 9:07am Sep 12, 2012 9:07am
2894 long. tp 2980 .
looking for investors . pm me
  • #110,654
  • Sep 12, 2012 9:13am Sep 12, 2012 9:13am
halo seniors where go euro now, coz i'm fakked if i know...
  • #110,655
  • Sep 12, 2012 9:13am Sep 12, 2012 9:13am
2882 was hit.. we usually retrace after.. 2962 should be a big ass R.. after 82 more times then not, we return to 2785.5 .it don't look like we will this time.. 2873 ish may be support entry. 82 should be a s also
those who can, do. those who cant, talk about those who can
  • #110,656
  • Sep 12, 2012 9:14am Sep 12, 2012 9:14am
you can see that the number of ticks from this year low to the current levels (which are last year close/this year open) is larger than the ones from the highs....

Attached Image (click to enlarge)
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  • #110,657
  • Sep 12, 2012 9:14am Sep 12, 2012 9:14am
ej target hit.. chf 4 pips away.. gbp 32 away
32 more pips on the gbp should give the eu 2962
those who can, do. those who cant, talk about those who can
  • #110,658
  • Sep 12, 2012 9:16am Sep 12, 2012 9:16am
Quoting cohiba pips
you can see that the number of ticks from this year low to the current levels (which are last year close/this year open) is larger than the ones from the highs....

watcha james, got call of doodie today...
  • #110,659
  • Sep 12, 2012 9:20am Sep 12, 2012 9:20am
Thanks mate


Quoting cohiba pips
you can see that the number of ticks from this year low to the current levels (which are last year close/this year open) is larger than the ones from the highs....

Disclaimer: Check your 1m charts
  • #110,660
  • Sep 12, 2012 9:21am Sep 12, 2012 9:21am
Quoting FibbinArchie
watcha james, got call of doodie today...
no worries pipper

archie OH NO !!!!!
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