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The Really Useless Thread

  • #113,001
  • Sep 21, 2012 2:27am Sep 21, 2012 2:27am
Would that be: If it ain't broke don't trade it?

Quoting gatorinla
Bulls against R? its not broke till it breaks. if it aint broke its bearish
  • #113,002
  • Sep 21, 2012 2:28am Sep 21, 2012 2:28am
Morning all !!!
The best thing that can happen to you is to find out where you're wrong.
  • #113,003
  • Sep 21, 2012 2:28am Sep 21, 2012 2:28am
Quoting MissPips
Would that be: If it ain't broke don't trade it?
depends on direction you wanna trade. but i would not trade a b/o without it breaking out.. then i still wouldn't trade it till it pulled back, as they do more times then they don't.
those who can, do. those who cant, talk about those who can
  • #113,004
  • Sep 21, 2012 2:34am Sep 21, 2012 2:34am
there is no b/o if it didn't break out.. no matter what the candles look like. and if the candle cant close it.. its gonna be rejected.
those who can, do. those who cant, talk about those who can
  • #113,005
  • Sep 21, 2012 2:39am Sep 21, 2012 2:39am
hello

Inserted Video
  • #113,006
  • Sep 21, 2012 2:42am Sep 21, 2012 2:42am
Quoting gatorinla
there is no b/o if it didn't break out.. no matter what the candles look like. and if the candle cant close it.. its gonna be rejected.
e/u -lower mofu of overnight up move -minor bounce so far, played the break short from 92, out already...
  • #113,007
  • Sep 21, 2012 2:45am Sep 21, 2012 2:45am
6235 last 4hr brit mid..

6257 the 4hr swing high close..
Look Sharp/Trade Tight
  • #113,008
  • Sep 21, 2012 2:46am Sep 21, 2012 2:46am
Quoting PayTheLimit
6235 last 4hr brit mid..
sup cable guy..
  • #113,009
  • Sep 21, 2012 2:47am Sep 21, 2012 2:47am
Quoting FibbinArchie
hello
Mornin Arch
  • #113,010
  • Sep 21, 2012 2:49am Sep 21, 2012 2:49am
Quoting FibbinArchie
sup cable guy..
lol, not much bro, might be going into weekend mode shortly..
Look Sharp/Trade Tight
  • #113,011
  • Sep 21, 2012 2:51am Sep 21, 2012 2:51am
Quoting fxjawn
what do u work at a mental hospital?
yep, I'm the warden..
Look Sharp/Trade Tight
  • #113,012
  • Sep 21, 2012 2:52am Sep 21, 2012 2:52am
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those who can, do. those who cant, talk about those who can
  • #113,013
  • Sep 21, 2012 2:52am Sep 21, 2012 2:52am
Quoting gatorinla
Bulls against R? its not broke till it breaks. if it aint broke, its bearish
true - now a bit of "maybe-this maybe-that" - not the best place to be ....
  • #113,014
  • Sep 21, 2012 2:55am Sep 21, 2012 2:55am
Quoting chazzle
Mornin Arch
watcha chaz, good old fashioned frankie fake followed by a london open 50 pip move there, it used to do that regular as clockwork...
  • #113,015
  • Sep 21, 2012 2:56am Sep 21, 2012 2:56am
Quoting chazzle
true - now a bit of "maybe-this maybe-that" - not the best place to be ....

u wanna long something? take a look at aud or nzd ... eur or cable still not showing any morningwood!!
I don't want a job, i want money!
  • #113,016
  • Sep 21, 2012 2:56am Sep 21, 2012 2:56am
Good point. I also never trust that a big R is going to hold unless it breaks S just below it and then retests from the bottom (or vice versa). So I like to see get broken and retest whichever direction I want to trade before I get in. Otherwise I'm afraid of just getting caught in a chop zone that will eventually chew threw it

Quoting gatorinla
depends on direction you wanna trade. but i would not trade a b/o without it breaking out.. then i still wouldn't trade it till it pulled back, as they do more times then they don't.
  • #113,017
  • Sep 21, 2012 2:57am Sep 21, 2012 2:57am
Quoting PayTheLimit
lol, not much bro, might be going into weekend mode shortly..
figuring range trading or extend the sell-off / risk off friday, coming back to test atm, let's see...
  • #113,018
  • Sep 21, 2012 3:14am Sep 21, 2012 3:14am
Quoting gatorinla
above 63 is a bullish b/o... and it will probably go higher after 1.7xx.. i am not including a pullback.. they happen more times then not after b/o.. but it could continue beyond w/o a pullback.. atm we are just below a b/o.. the best r/r is here..
that's the whole point, they need the volume of the b/o traders to sell their stuff.
Don't say it will happen but if it does it's just to easy for them to pick up free money creating a false b/o
Don't be a hero. Don't have an ego. Always question yourself
  • #113,019
  • Sep 21, 2012 3:16am Sep 21, 2012 3:16am
euro..

1hr swing low close..2926
4hr " " " ...2942
Look Sharp/Trade Tight
  • #113,020
  • Sep 21, 2012 3:17am Sep 21, 2012 3:17am
Quoting gatorinla
http://www.youtube.com/watch?v=7pE76...ture=endscreen
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