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The Really Useless Thread

  • #120,561
  • Edited 9:36am Nov 2, 2012 9:20am | Edited 9:36am
Quoting Mr Hatch
I'm not going to do that today. My TP has been 2850, and because I was quite late for the entry at 2974, I'm not going to hold over the weekend.
That whole play was done with ken's mirror-indi, though I have to switch back and forth between candles and the line-chart. I'm not even sure I have the latest iteration of it.
it does give a heads up of where to look. i tried to get one of u to build it for a while now. 2950 on this small break is a place to look in norm times. for a s... lately we have not got to norm. i had a L signal at 43
those who can, do. those who cant, talk about those who can
  • #120,562
  • Nov 2, 2012 9:23am Nov 2, 2012 9:23am
weekly now looks quiet bearish

EMA 21 on weekly at 2790

around that level layers of support

on daily EMA 120 at 2789


further layers of support between 2840 and 2820


good fib targets around 2825-2800



best R:R around 2800 to 2790 for a countertrend trade. May target then either highs around 3122 to 3184 or simply test again the 2876 to 2894 resistance cluster.

When the 2790 support shelf gives way we are open to 2695 and deeper
  • #120,563
  • Nov 2, 2012 9:24am Nov 2, 2012 9:24am
Quoting gatorinla
it does give a heads up of where to look. i tried to get one of u to build it for a while now.
I look at 2832 right now.
Ken never talked to me about he intended to show with this indi, I can only guess. He only mumbled, "Gator made me do it", and gone he was...
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  • #120,564
  • Nov 2, 2012 9:31am Nov 2, 2012 9:31am
12828?
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  • #120,565
  • Nov 2, 2012 9:34am Nov 2, 2012 9:34am
Quoting Mr Hatch
I look at 2832 right now.
Ken never talked to me about he intended to show with this indi, I can only guess. He only mumbled, "Gator made me do it", and gone he was...
Hi Hatch,


how do you determine the starting point for mirroring?

Is it simply the time shown in the chart or is it a specific point of time/price in the past
  • #120,566
  • Nov 2, 2012 9:41am Nov 2, 2012 9:41am
Quoting Mr Hatch
I look at 2832 right now.
Ken never talked to me about he intended to show with this indi, I can only guess. He only mumbled, "Gator made me do it", and gone he was...
yeah its just a feather in the wind. it gets blown around and just repeats when it gets there.
those who can, do. those who cant, talk about those who can
  • #120,567
  • Nov 2, 2012 9:43am Nov 2, 2012 9:43am
Quoting infinitus
Hi Hatch,


how do you determine the starting point for mirroring?

Is it simply the time shown in the chart or is it a specific point of time/price in the past
Hi Markus,

there is no 'starting point' for the mirroring, as it is ongoing. The tiny popup in that chart I posted is in the screenshot by accident and has no further meaning.
The indi is a visual aid eliminating the need to use the calculator under certain circumstances.

I haven't completely figured out all its benefits.
  • #120,568
  • Nov 2, 2012 9:45am Nov 2, 2012 9:45am
Quoting gatorinla
yeah its just a feather in the wind. it gets blown around and just repeats when it gets there.
let's see, if the feather can be the start of new pillow.
  • #120,569
  • Nov 2, 2012 9:48am Nov 2, 2012 9:48am
1.2800 might give bulls some hope (to be demolished later)

EU D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #120,570
  • Nov 2, 2012 9:50am Nov 2, 2012 9:50am
Quoting Mr Hatch
Hi Markus,

there is no 'starting point' for the mirroring, as it is ongoing. The tiny popup in that chart I posted is in the screenshot by accident and has no further meaning.
The indi is a visual aid eliminating the need to use the calculator under certain circumstances.

I haven't completely figured out all its benefits.
i may kick myself in the ass. i have 2814 m s now also.. lots on time to hop on the train.. i may see if we get the swan song to 2951 next week
those who can, do. those who cant, talk about those who can
  • #120,571
  • Nov 2, 2012 9:55am Nov 2, 2012 9:55am
Quoting gatorinla
i may kick myself in the ass. i have 2814 m s now also.. lots on time to hop on the train.. i may see if we get the swan song to 2951 next week
Upswing to 2933 min, zone top is @ 2950'ish (+ however much slippage).
  • #120,572
  • Nov 2, 2012 10:05am Nov 2, 2012 10:05am
Quoting Venice
Upswing to 2933 min, zone top is @ 2950'ish (+ however much slippage).
1h looks like its trying a flag build.
those who can, do. those who cant, talk about those who can
  • #120,573
  • Nov 2, 2012 10:06am Nov 2, 2012 10:06am
Quoting Venice
Upswing to 2933 min, zone top is @ 2950'ish (+ however much slippage).
880/900 looks tough to get back over now ...
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  • #120,574
  • Nov 2, 2012 10:07am Nov 2, 2012 10:07am
Quoting Skynet
EUR/USD.

MY take on it.

http://www.forexfactory.com/attachme...0&d=1351688148
the left of this chart is higher then the right,, you have a series of lower highs (3)
you have a series of LL (2).... if this is the chart you are using to trade. i dont see how you get to that conclusion. written on the chart
those who can, do. those who cant, talk about those who can
  • #120,575
  • Nov 2, 2012 10:23am Nov 2, 2012 10:23am
Quoting chazzle
880/900 looks tough to get back over now ...
  • #120,576
  • Nov 2, 2012 10:46am Nov 2, 2012 10:46am
Quoting chazzle
880/900 looks tough to get back over now ...
It could be, but I only play the deep retraces. Granted, I do start looking for bull weakness at that point.
  • #120,577
  • Nov 2, 2012 10:48am Nov 2, 2012 10:48am
Quoting gatorinla
the left of this chart is higher then the right,, you have a series of lower highs (3)
you have a series of LL (2).... if this is the chart you are using to trade. i dont see how you get to that conclusion. written on the chart
omg... he will write a novel as a response... what have you started?
  • #120,578
  • Nov 2, 2012 11:46am Nov 2, 2012 11:46am
Quoting infinitus
Hi Hatch,


how do you determine the starting point for mirroring?

Is it simply the time shown in the chart or is it a specific point of time/price in the past
As far as I know, there is no guideline on where/how to determine a specific time/price starting point for the Mirror Indicator.

The mirror simply reflects what you currently have on the chart. So if you zoom out, then you will have fewer areas of congestion or crosses between the real price and the mirrored price. And if you zoom in, then you will have a lot more. IMO, these areas of congestion and crosses could be very "interesting."

I too would like to know the "general" idea/purpose behind its creation to have a better understanding and better utilization of it.

Maybe Ken & Gator will tell us more...
  • #120,579
  • Nov 2, 2012 12:04pm Nov 2, 2012 12:04pm
Quoting kenfen69
Funky monkey...

http://www.forexfactory.com/attachme...1&d=1351279844
Still looking interesting...

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Mighty tight range. M15 chart with a fib pulled on September 28th.

1.2806 would finally break it.
  • #120,580
  • Nov 2, 2012 12:05pm Nov 2, 2012 12:05pm
Need to run out, but I'll throw some notes/observations on how I use it a little later.
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