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The Really Useless Thread

  • #117,421
  • Oct 11, 2012 12:09pm Oct 11, 2012 12:09pm
with channels - I would rather get the angle of price movement than exact "to the pip" lines
  • #117,422
  • Oct 11, 2012 12:09pm Oct 11, 2012 12:09pm
Quoting GlobalMacro
The lower line isn't drawn exactly to the close, that's for sure, but looks like starting point was close of the long bear candle to the left and the close of doji to the right.


In terms of EUR/USD, I believe there's still juice left in there to take her up to near the handle.


btw, what do you mean by normal move back to 2870...
the pair has few straight lines. it goes 3 steps forward 2 steps back, more times then not. count them on the posted fib chart. 3 steps forward to 2952.. two steps back to 287x... it happens more times then not.. seldom does the pa work this way in a day like on the chart. but this one fits what i have,, ..

the bad thing about tl's are, 10 different people draw them, 10 different ways. i figure the purpose of doing something. is doing it precise so you can later duplicate your trading. if things are done different ways. its hard to know if you were right or wrong or just lucky. lucky is hard to duplicate.
those who can, do. those who cant, talk about those who can
  • #117,423
  • Oct 11, 2012 12:12pm Oct 11, 2012 12:12pm
'tis trying...

Attached Image (click to enlarge)
Click to Enlarge Name: 1D2.PNG Size: 112 KB


Could just be a chopfest, though.
  • #117,424
  • Oct 11, 2012 12:14pm Oct 11, 2012 12:14pm
Quoting kenfen69
'tis trying...

Attachment

Could just be a chopfest, though.
Yep. Not liking the pennant forming on the 1h. Usually is indicative of continuation...

I always hate this. Looking at it 1h looks kind of like supply consumption... or rejection? Or both? Fek me! hehehe.
  • #117,425
  • Oct 11, 2012 12:15pm Oct 11, 2012 12:15pm
Quoting gatorinla
the pair has few straight lines. it goes 3 steps forward 2 steps back, more times then not. count them on the posted fib chart. 3 steps forward to 2952.. two steps back to 287x... it happens more times then not.. seldom does the pa work this way in a day like on the chart. but this one fits what i have,, ..

the bad thing about tl's are, 10 different people draw them, 10 different ways.
What matters, is when 10 different people drawing different 10 ways, draw it the same way.
  • #117,426
  • Oct 11, 2012 12:18pm Oct 11, 2012 12:18pm
Quoting Venice
Yep. Not liking the pennant forming on the 1h. Usually is indicative of continuation...

I always hate this. Looking at it 1h looks kind of like supply consumption... or rejection? Or both? Fek me! hehehe.


I know how you feel!

Was just looking back at that H1 bear flag from Monday through the roll. Don't know how I missed that glorious mofo. Well...I do actually. Was eating turkey for CAD Thanksgiving. Nice one, though!

Bastard play at the moment seems to be to take out stops above 2990ish. Then...while there...why not fak with 1.30, too? Crack any barriers, then make a decision from there.

The higher the better, I suppose.
  • #117,427
  • Oct 11, 2012 12:19pm Oct 11, 2012 12:19pm
Quoting chazzle
I put all those levels on my chart once - what a fakking mess
i seldom look at them.. i didn't look at that one till just before posting. i should look more. pa seems to show them w/o looking
those who can, do. those who cant, talk about those who can
  • #117,428
  • Oct 11, 2012 12:23pm Oct 11, 2012 12:23pm
Quoting Venice
Yep. Not liking the pennant forming on the 1h. Usually is indicative of continuation...
Four consecutive H1 closes above the 200sma, too. Not by much...but on the right side of it for continuance.

I don't know...flip a coin time?

Mine is flipped...but on EA. Play-sized position, though. All will be revealed...the bastards!
  • #117,429
  • Oct 11, 2012 12:24pm Oct 11, 2012 12:24pm
Quoting kenfen69


I know how you feel!

Was just looking back at that H1 bear flag from Monday through the roll. Don't know how I missed that glorious mofo. Well...I do actually. Was eating turkey for CAD Thanksgiving. Nice one, though!

Bastard play at the moment seems to be to take out stops above 2990ish. Then...while there...why not fak with 1.30, too? Crack any barriers, then make a decision from there.

The higher the better, I suppose.
What a reason for missing the unmissable!! I'll allow it!

Yep. Daily rarely, ever lies, even in fakies you still have opportunity to take a modest amount of pips. The hardest part, is finding the end of the retrace. And of course, because euro is an arse hole!! It didn't indicate the southward move yet on the daily (well, the LH is one indicator), but nowhere near as strong as the LL break out and resell on retrace, which pretty much every currency has done, except euro. Cable? Check. Aussie? been checked. Swissy? Check.

Chickity china, chinese chickens, drumsticks and the like!
  • #117,430
  • Oct 11, 2012 12:26pm Oct 11, 2012 12:26pm
Quoting gatorinla
i seldom look at them.. i didn't look at that one till just before posting. i should look more. pa seems to show them w/o looking
I would rather look at a swing close , high or low - somewhere where the market actually went to rather than price generated from a calculation - pivots and their S/R projections are "blind" in that they treat equally every high , low and close price they are generated from - what use is a pivot based on 5 days of chop for example? An S/R projected from PA which stands out on the chart would be more useful. No doubt traders make a living from pivots - but ,like anything - there's a time and a place I suppose
  • #117,431
  • Oct 11, 2012 12:26pm Oct 11, 2012 12:26pm
Quoting kenfen69
Four consecutive H1 closes above the 200sma, too. Not by much...but on the right side of it for continuance.

I don't know...flip a coin time?

Mine is flipped...but on EA. Play-sized position, though. All will be revealed...the bastards!
I can tell you with 100% certainty, after it happens, it will be what it was!
  • #117,432
  • Oct 11, 2012 12:27pm Oct 11, 2012 12:27pm
Quoting chazzle
I would rather look at a swing close , high or low - somewhere where the market actually went to rather than price generated from a calculation - pivots and their S/R projections are "blind" in that they treat equally every high , low and close price they are generated from - what use is a pivot based on 5 days of chop for example?
This is how I roll. My chart is as naked as can be, except for the occasional random horizontal line I throw up to mark a place that I will inevitably forget about in a few days... because feck the daily chart.
  • #117,433
  • Oct 11, 2012 12:30pm Oct 11, 2012 12:30pm
Quoting Venice
What a reason for missing the unmissable!! I'll allow it!
Turkey was about the ONLY forgivable reason. Well...maybe beer, too.

Quoting Venice
Yep. Daily rarely, ever lies, even in fakies you still have opportunity to take a modest amount of pips. The hardest part, is finding the end of the retrace. And of course, because euro is an arse hole!! It didn't indicate the southward move yet on the daily (well, the LH is one indicator), but nowhere near as strong as the LL break out and resell on retrace, which pretty much every currency has done, except euro. Cable? Check. Aussie? been checked. Swissy? Check.

Chickity china, chinese chickens, drumsticks and the like!
Pretty choppy area on the MN chart...

Attached Image (click to enlarge)
Click to Enlarge Name: 1D2.PNG Size: 54 KB
  • #117,434
  • Oct 11, 2012 12:33pm Oct 11, 2012 12:33pm
Quoting Venice
I can tell you with 100% certainty, after it happens, it will be what it was!
Where ALL the heroes and chumps are born...Hindsight!

Been both...many a times...and will be again!
  • #117,435
  • Oct 11, 2012 12:33pm Oct 11, 2012 12:33pm
Quoting gatorinla
the pair has few straight lines. it goes 3 steps forward 2 steps back, more times then not. count them on the posted fib chart. 3 steps forward to 2952.. two steps back to 287x... it happens more times then not.. seldom does the pa work this way in a day like on the chart. but this one fits what i have,, ..

the bad thing about tl's are, 10 different people draw them, 10 different ways. i figure the purpose of doing something. is doing it precise so you can later duplicate your trading. if things are done different ways. its hard to know if you...
Maybe that's why he drew it the way he did, so it's hard to duplicate...
Hear the music before the song is over ...
  • #117,436
  • Oct 11, 2012 12:33pm Oct 11, 2012 12:33pm
Quoting kenfen69
Turkey was about the ONLY forgivable reason. Well...maybe beer, too.



Pretty choppy area on the MN chart...

Attachment
Nice Catch! Didn't even notice. Seems to be a pretty big decision area of break and go.
  • #117,437
  • Oct 11, 2012 12:34pm Oct 11, 2012 12:34pm
Quoting chazzle
I would rather look at a swing close , high or low - somewhere where the market actually went to rather than price generated from a calculation - pivots and their S/R projections are "blind" in that they treat equally every high , low and close price they are generated from - what use is a pivot based on 5 days of chop for example? An S/R projected from PA which stands out on the chart would be more useful. No doubt traders make a living from pivots - but ,like anything - there's a time and a place I suppose
if its making you money.. keep it up. this is a fickle beast.. losing 10 % less trades is a 20% raise.
those who can, do. those who cant, talk about those who can
  • #117,438
  • Oct 11, 2012 12:34pm Oct 11, 2012 12:34pm
Quoting kenfen69
Where ALL the heroes and chumps are born...Hindsight!

Been both...many a times...and will be again!
Yes sir! Have to stop myself sometimes after taking a loss... what did I do wrong? Oh, this was reason x and y.... sure matey... Can't get 'em all! Chalk it up, move on, and make more. Wallowing in a loss gets one nowhere.

But it gets... two, somewhere???
  • #117,439
  • Oct 11, 2012 12:37pm Oct 11, 2012 12:37pm
Quoting GlobalMacro
Maybe that's why he drew it the way he did, so it's hard to duplicate...
i guess i wasted my time.
those who can, do. those who cant, talk about those who can
  • #117,440
  • Oct 11, 2012 12:38pm Oct 11, 2012 12:38pm
Quoting Venice
Nice Catch! Didn't even notice. Seems to be a pretty big decision area of break and go.
Indeed!

Very "healthy" looking Stoch cross, too. Everything about that looks bull...

Attached Image (click to enlarge)
Click to Enlarge Name: 1D2.PNG Size: 57 KB


EDIT: Unless it turns lower by 1.3450ish. That should/would create divergence.
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