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The Really Useless Thread

  • #117,961
  • Oct 15, 2012 2:08pm Oct 15, 2012 2:08pm
Quoting sisse
Is coming across the board. Chop zone won't last more than this +/- week in my books, swings plays coming. Daily has been stuck in wide chop zone (weekly consolidation) for a couple of weeks and latest price action (with the FA movers this week) in daily is showing sign of range exhaustion (the ranges are uncovered in most of the instruments) so it wont last long.

We sometimes "suffer" for a few days (I know you swing) when the daily is in major consolidation zone but the range has it's "minutes" counted. Completing weekly moves (retraces...
Hi sisse...hope you're well!

Think we'll get a big one this close to the election?
  • #117,962
  • Oct 15, 2012 2:13pm Oct 15, 2012 2:13pm
Quoting kenfen69


I use them off DTEMA...Daily Trend.

The thing that blows is: I had some computer woes a while back. Blew my entire OSes away and went fresh. Assumed I had backups of everything I had been working on. Did a quick scan, and all seemed to be there...but lost a couple of things. One of them was basically an adaptive envelope off DTEMA that used ADR and fib levels of it. Was loving it. Now...I have to redo it. Fun!




Nicely done on the scalps! Fine day for it.
Thank you. I have small account risking 5% per scalp (10 pips stop loss). Trying to see how quickly I can build it. My rule is once I lose one scalp, I'm done for the day. So max of 5% loss. Potential of 25% gain (five 10 pip scalps as a hard daily profit cap).

Bad MM but its a small account

Thats no good! I save all my valued indicators on multiple flash drives and store them in multiple different places

I've experienced what you have before as well.

I use the envelopes on H4. The thing is I didn't create the settings on these, but luckily I know the person who did. However if I ever lost contact with the person, I couldn't get them back like I did the first time I lost the indicator.

Always prepare for the worst
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Be hopeful in a winning position, and fearful in a losing position.
  • #117,963
  • Oct 15, 2012 2:18pm Oct 15, 2012 2:18pm
long 41
Be hopeful in a winning position, and fearful in a losing position.
  • #117,964
  • Oct 15, 2012 2:25pm Oct 15, 2012 2:25pm
Quoting kenfen69
729 mph! Bananas!!!

How close does that work out to terminal velocity, I wonder? <--And being too lazy to do the math.
:nerd:Took the liberty to do all the hard work...substitute for your values and voila!

Are you guys all engineers in here?
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Hear the music before the song is over ...
  • #117,965
  • Oct 15, 2012 2:39pm Oct 15, 2012 2:39pm
Quoting Rag2RichesFX
Thats no good! I save all my valued indicators on multiple flash drives and store them in multiple different places
I think its actually impossible I've lost it. I do almost all of my coding on a laptop...which I didn't blow away the OS on. I blew two trading machines away. All of my computers automatically backup to a 2TB Apple Time Capsule, so it has to be there somewhere. Two problems...

-I can't remember what I called it...and anything "logical" has not found it!

-I don't want to load my old terminals in case something dodgy in there was the source of my woes.

I could track it down if I really wanted, I'm sure, but have amassed thousands of Indicators over the years. "Date Created" is useless in this instance, because it is always the date the files were written to the 2 TB drive.

No biggie. Just finding the time to do it again. "Static" envelope values work quite well, though...particularly when "tuned" to a pair.
  • #117,966
  • Oct 15, 2012 2:43pm Oct 15, 2012 2:43pm
Quoting GlobalMacro
:nerd:Took the liberty to do all the hard work...substitute for your values and voila!


I started to earlier. Then Venice spoke some geek. Upper atmosphere throws it all out the window. At least...enough that I decided NOT to pursue anything concrete...particularly while not on Red Bull's books!

Quoting GlobalMacro
Are you guys all engineers in here?
No. Plenty of geeks, though. :nerd:

What about you?
  • #117,967
  • Oct 15, 2012 2:47pm Oct 15, 2012 2:47pm
Quoting kenfen69
Hi sisse...hope you're well!

Think we'll get a big one this close to the election?
Yes. Purely technical moves. Don't see why not as in either case the bastards already won (either less taxes or more QE so is win win for them).

Election move (whatever the result except a 2000 Supreme Court style results) is for later in the steady, slow continuation, final move until the end of the year (plus EZ "Spain" should be cleared by then until next season whatever the next trigger)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #117,968
  • Oct 15, 2012 2:47pm Oct 15, 2012 2:47pm
Quoting Rag2RichesFX
long 41
Half taken @ 50 for +9

other half will run with stop at BE-6 (2935)
Be hopeful in a winning position, and fearful in a losing position.
  • #117,969
  • Oct 15, 2012 2:49pm Oct 15, 2012 2:49pm
Quoting GlobalMacro
:nerd:Took the liberty to do all the hard work...substitute for your values and voila!

Are you guys all engineers in here?

nope imma dumbass i wish i had the capacity and desire to want to learn how to code stuff, brain is oozing stuff to be done BUT no ability
"Millionaires don't use astrology, billionaires do"
  • #117,970
  • Oct 15, 2012 2:50pm Oct 15, 2012 2:50pm
Quoting kenfen69
I think its actually impossible I've lost it. I do almost all of my coding on a laptop...which I didn't blow away the OS on. I blew two trading machines away. All of my computers automatically backup to a 2TB Apple Time Capsule, so it has to be there somewhere. Two problems...

-I can't remember what I called it...and anything "logical" has not found it!

-I don't want to load my old terminals in case something dodgy in there was the source of my woes.

I could track it down if I really wanted, I'm sure, but have amassed thousands...
The envelopes really just coincide with divergences and oversold/bought markets. It's a nice visual indicator even if its not tuned perfectly. I never use them as an entry, just as a tool to know that continuation of the current move is unlikely. Then I'll wait for divergence and some dojis before making my move


The one recent exception was QE3 but other than cases such as that, it rarely exceeds the 3rd envelope. Price inbetween the 2nd and 3rd envelope anywhere is usually good for a relief rally with roughly a 50 pip stop loss (as it may inch lower in the envelope putting in divergences before finally reversing). Or you can just wait for a bullish candle to show up in the envelope zone and enter with wide stop loss. Chances very high of success!


Anyway I'm calling it a day, take care bud. Good luck with your envelopes
Be hopeful in a winning position, and fearful in a losing position.
  • #117,971
  • Oct 15, 2012 2:51pm Oct 15, 2012 2:51pm
Quoting GlobalMacro
Are you guys all engineers in here?
Quoting kenfen69
No. Plenty of geeks, though. :nerd:
Well...I have filed many a tax return as Audio Engineer, but T-Velocity is rarely a concern there...other than drunken musicians face-planting to the ground. But again...nothing terminal!

Electrical engineering, too...but nothing involving humans hurtling toward Earth at 729 mph!
  • #117,972
  • Oct 15, 2012 2:53pm Oct 15, 2012 2:53pm
Quoting OrionsWay
nope imma dumbass i wish i had the capacity and desire to want to learn how to code stuff, brain is oozing stuff to be done BUT no ability
No problem ...just ask Venice...I am sure he'll be more than happy to help...
Hear the music before the song is over ...
  • #117,973
  • Oct 15, 2012 2:53pm Oct 15, 2012 2:53pm
Quoting sisse
Yes. Purely technical moves. Don't see why not as in either case the bastards already won (either less taxes or more QE so is win win for them).

Election move (whatever the result except a 2000 Supreme Court style results) is for later in the steady, slow continuation, final move until the end of the year (plus EZ "Spain" should be cleared by then until next season whatever the next trigger)...

sisse
Thanks mate.

Would tend to agree. TA setups loom all over the place. Will be surprised if they're suppressed. <--nice ring to it.
  • #117,974
  • Oct 15, 2012 2:54pm Oct 15, 2012 2:54pm
Quoting Rag2RichesFX
Half taken @ 50 for +9

other half will run with stop at BE-6 (2935)
Nicely done.
  • #117,975
  • Oct 15, 2012 2:55pm Oct 15, 2012 2:55pm
Quoting GlobalMacro
LOL...


Undergraduate engineering....then I discovered trading...the rest is history


Think there is a fair bit of that in here...ish, anyway!
  • #117,976
  • Oct 15, 2012 2:57pm Oct 15, 2012 2:57pm
Quoting Rag2RichesFX
The envelopes really just coincide with divergences and oversold/bought markets. It's a nice visual indicator even if its not tuned perfectly. I never use them as an entry, just as a tool to know that continuation of the current move is unlikely. Then I'll wait for divergence and some dojis before making my move


The one recent exception was QE3 but other than cases such as that, it rarely exceeds the 3rd envelope. Price inbetween the 2nd and 3rd envelope anywhere is usually good for a relief rally with roughly a 50 pip stop loss (as it may...
Yep...used with other methods (S/D, PA)...can be a good indication...just a "heads up" really.

Quoting Rag2RichesFX
Anyway I'm calling it a day, take care bud. Good luck with your envelopes
Later brother...enjoy your night.
  • #117,977
  • Oct 15, 2012 2:59pm Oct 15, 2012 2:59pm
Man, the $ sure has been getting smacked down at every rally its made. This is why I hate shifts in the daily chart bias. Takes forever to resolve. Of course, as heavy as this thing feels... i'm probably wrong this time. It's ok. I'll allow it.
  • #117,978
  • Oct 15, 2012 3:00pm Oct 15, 2012 3:00pm
2858 could be a place to look to s.. at bull weakness 4 2854 target.. current spike high at 2957
those who can, do. those who cant, talk about those who can
  • #117,979
  • Oct 15, 2012 3:07pm Oct 15, 2012 3:07pm
Quoting kenfen69
Thanks mate.

Would tend to agree. TA setups loom all over the place. Will be surprised if they're suppressed. <--nice ring to it.
Also, we are slowly getting to more "normal times". Most FA is unfolding in an orderly fashion like it should be not like most of the time during the last 4 years of panic and manic.

Earnings holding steady. Overshoots down in financials [after the Basel news) and healthcare [the disastrous Obama debate] are correcting themselves to the mean. EU summit with EZ Bonds in the lower levels in average (even Greece 10yrs broke lows...lol) since the crisis began.

One more FOMC left but without the fuss of QE or not QE for the 1st time in a while and the final NFP with consistently slow but steady positive macro numbers in the US.... so without circus from the EU/EZ I think we can officially call election day the 1st day of "back" to normal ....let see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #117,980
  • Oct 15, 2012 3:13pm Oct 15, 2012 3:13pm
Quoting kenfen69
Well...I have filed many a tax return as Audio Engineer, but T-Velocity is rarely a concern there...other than drunken musicians face-planting to the ground. But again...nothing terminal!

Electrical engineering, too...but nothing involving humans hurtling toward Earth at 729 mph!
Actually I watched a piece on "Caught On Camera" the other night...
This guy ran up the power pole...as they came to his rescue he just ran off on the power line, got electricuted and hurtled down towards earth at what seemed high speed...Same thing happened to a scared bear...
Hear the music before the song is over ...
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