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The Really Useless Thread

  • #119,821
  • Oct 26, 2012 6:23am Oct 26, 2012 6:23am
Quoting chazzle
tweezerish? small short scalp
bailed for -1.5 - I should probably stop these H1 set-ups that are counter to such a strong trend - they're not so reliable... bad habit

... saying that - will prob turn out to be the top lol
  • #119,822
  • Oct 26, 2012 6:25am Oct 26, 2012 6:25am
Quoting chazzle
bailed for -1.5 - I should probably stop these H1 set-ups that are counter to such a strong trend - they're not so reliable... bad habit

... saying that - will prob turn out to be the top lol
For counters, I wait for a HH, then a break of that HH. Buy on the retrace/retest.

Perfect example is the Aussie H1 right now.
  • #119,823
  • Oct 26, 2012 6:27am Oct 26, 2012 6:27am
I also want to load some swissy longs soon here... Going to give this another go.


I need a daily close > 9402 to trigger longs though. Without that, my bias remains short.
  • #119,824
  • Oct 26, 2012 6:30am Oct 26, 2012 6:30am
Quoting Venice
For counters, I wait for a HH, then a break of that HH. Buy on the retrace/retest.

Perfect example is the Aussie H1 right now.
i don't see it mate
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  • #119,825
  • Oct 26, 2012 6:35am Oct 26, 2012 6:35am
Quoting Venice
Oh trust me, it has. Hence the screaming...


Wrong pair if you don't want to scream!!!

Good time of year if you do want to go there, though...Hello/Hallow...

Quoting Venice
Still waiting on cable to get to 5740'ish for that monthly chart play.
Ain't my bit...but rip it up!!!

Quoting Venice
Aussie, looking to sell again @ 03470'ish.
Tick or two above 0400...and I'd be ear to ear right now. Well...I still am. But...a little wider.

Like your level...and see what you're doing there. I keep JUST missing PO fills. My "blind" level PO in that zone is 0362. When they hit...

But when they just miss...and miss again next time..? Hate it. Would almost rather get filled and kicked in the...hooo/haiiii! I kid. Patience is it. Just need automation and MOAR pairs!
  • #119,826
  • Oct 26, 2012 6:38am Oct 26, 2012 6:38am
Quoting chazzle
i don't see it mate
Hope this helps.

This is trading by cluster blocks.

HH is formed, engulfing candle clears HH, buy near the lows of the previous cluster.

Now, of course, with this play, caution is needed, because there are down spikes just slightly above which will most likely act like supply, and at the very least, make the path rough getting back to the last supply cluster above. Plenty of time for a BE though. Hope this helps.

Edit: In cluster trading, the triggers are closes closing greater than the open/closes, rather than the highs/lows. This is why I consider it a valid signal.
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  • #119,827
  • Oct 26, 2012 6:40am Oct 26, 2012 6:40am
Quoting kenfen69
Filled...

Attachment

For what reason, I'm not really sure!
important support, its either 3017 or 2820 next, btw I just had like 5lbs of ribs for lunch..I am done for the week...time for a cocktail..
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Look Sharp/Trade Tight
  • #119,828
  • Oct 26, 2012 6:40am Oct 26, 2012 6:40am
Quoting Venice
Hope this helps.
Sweet chart!

How many of those self-bottled get the buzz-o again?

  • #119,829
  • Oct 26, 2012 6:45am Oct 26, 2012 6:45am
Quoting PayTheLimit
important support, its either 3017 or 2820 next, btw I just had like 5lbs of ribs for lunch..I am done for the week...time for a cocktail..
Thanks for the view...I tend to agree.

But...might I say: That last little tidbit you dropped would put you...just about, square on...THE biggest bastard of the week. If I threw a...son of a bitch...in there...yep! That'd be you!

Enjoy brother. Raise'em high.
  • #119,830
  • Oct 26, 2012 6:48am Oct 26, 2012 6:48am
Quoting Venice

HH is formed, engulfing candle clears HH, buy near the lows of the previous cluster.
interesting V , cheers - and the real body of the engulfing matches the top of the HH , or beats it?
  • #119,831
  • Oct 26, 2012 6:49am Oct 26, 2012 6:49am
quick bite , back in 10
  • #119,832
  • Oct 26, 2012 6:52am Oct 26, 2012 6:52am
Quoting chazzle
interesting V , cheers - and the real body of the engulfing matches the top of the HH , or beats it?
Is interesting, but...

Isn't that just clutter? Chop?

V's probably heading to work now. Looking forward to his response though, chaz.
  • #119,833
  • Oct 26, 2012 6:53am Oct 26, 2012 6:53am
Quoting chazzle
quick bite , back in 10
Ditto.

Doing a little Nigel, here.
  • #119,834
  • Oct 26, 2012 7:06am Oct 26, 2012 7:06am
Quoting chazzle
quick bite , back in 10
Catch you in a while...

Attached Image




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^From frozen! Tooooo soft?
  • #119,835
  • Oct 26, 2012 7:07am Oct 26, 2012 7:07am
Quoting chazzle
interesting V , cheers - and the real body of the engulfing matches the top of the HH , or beats it?
Doesn't matter for the HH. For me, the trigger was the engulfing closing > Open of the engulfed. The HH was just an added bonus.
  • #119,836
  • Oct 26, 2012 7:12am Oct 26, 2012 7:12am
Quoting kenfen69
Ditto.

Doing a little Nigel, here.
good o - enjoy - tip - less than 20 mins or more than 2hrs - in-between is no man's land
  • #119,837
  • Oct 26, 2012 7:14am Oct 26, 2012 7:14am
Quoting Venice
Doesn't matter for the HH. For me, the trigger was the engulfing closing > Open of the engulfed. The HH was just an added bonus.
ok - will make a note and look at some charts after close , thanks again
  • #119,838
  • Oct 26, 2012 7:17am Oct 26, 2012 7:17am
Quoting kenfen69
Is interesting, but...

Isn't that just clutter? Chop?

V's probably heading to work now. Looking forward to his response though, chaz.
Nope. Clusters are constantly forming... and usually in one direction. This might be more box trading? I don't know, I have just always called them clusters. But as each cluster forms, you can see a continuous movement of them moving up and moving down. Group them together on your chart and mark em, and you will see. As each one breaks up/down, it then turns into respective supply/demand.

Break, retest, break retest. As gator says, price loves coming back for retests. This is how is behaves 90% of the time, when it doesn't is when its a rip your face off wtf, where risk management takes care of business. Attached chart is sloppy as i'm in a hurry, gotta get moving to work as mentioned But hopefully you should get the idea.
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  • #119,839
  • Oct 26, 2012 7:17am Oct 26, 2012 7:17am
never got the bounce to 3079 before 2889.. it was wrong.. or i read it wrong.. atm looking to short weakness on a bounce to 3014/ 3079
those who can, do. those who cant, talk about those who can
  • #119,840
  • Oct 26, 2012 7:21am Oct 26, 2012 7:21am
Quoting gatorinla
never got the bounce to 3079 before 2889.. it was wrong.. or i read it wrong.. atm looking to short weakness on a bounce to 3014/ 3079
12h has 2990 as the mid of supply, next week it looks like.
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