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The Really Useless Thread

  • #131,201
  • Mar 1, 2013 8:12am Mar 1, 2013 8:12am
Quoting Mr Hatch
we are basically 1/2-way through between 5129 and 4817, which is twice the distance between 6065 and 5441.

Probably a bit hard to see, but that chart is quite mature by now... a MILF-chart.
I see clearly what you are doing in the 1st chart but I also clearly see why you may have so much noise below ...trading a macro move with micro TF its always sound tempting to think you can reduce drawndown and risk..but it is not necessarily true.

Sure all moves start with 1 tick/1sec chart but as you know you have to be right THE 1 of 100.000 thousand wave in between of that small TFs to take the ultimate top/bottom...Can 100% guarantee you that just tracking the same move/level and play with a higher TF will show you the same move and even dare to said that will guarantee you a better entry r:r wise... Just try to plot the same from a higher view (not too high either to lose the move) and my 2 cents is watchout the technicalities in such micro Tfs and the myth of catching a big fish with a small boat can blur such a great analysis and trades you are tracking/trading....


Quoting kill56
on the other leg

still missen the red levels on both cable and fiber lets see how it gos
Nicely done bro... US opening may give you a hand.

Tracking ES like a Hawk. First breach in the ES of key Support on the first early news from Washington are coming very very pessimistic . Gold bouncing too via risk ... the current candles are key and both will end with the opening range...a break down in equities will open panic across the board...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,202
  • Mar 1, 2013 8:17am Mar 1, 2013 8:17am
Quoting sisse
I see clearly what you are doing in the 1st chart but I also clearly see why you may have so much noise below ...trading a macro move with micro TF its always sound tempting to think you can reduce drawndown and risk..but it is not necessarily true.

Sure all moves start with 1 tick/1sec chart but as you know you have to be right THE 1 of 100.000 thousand wave in between of that small TFs to take the ultimate top/bottom...Can 100% guarantee you that just tracking the same move/level and play with a higher TF will show you the same move and...
I'm tracking the chart pattern I posted on H4, that does it for me. I'm still fighting a bit of impatience at times.
  • #131,203
  • Mar 1, 2013 8:26am Mar 1, 2013 8:26am
Quoting Mr Hatch
I'm tracking the chart pattern I posted on H4, that does it for me. I'm still fighting a bit of impatience at times.
H4 sounds healthy is only 6 bars per day from which you prolly only actively track/ trade 2 o 3 max and from which 1 at least is in no man land time and TA and from them (1 or 2 bars left) prolly only 1 is the one YOU HAVE to track because of News / NY / London / or because TA is testing whatever level you are tracking .... in simple words, just don't overlook the chart...in strictly practical terms you don't need a lot more actual real time to track on that TF ... ....

In any case, Fasten your seatbelts? ... tick below 1.500x .... only the US can save this... markets looks nasty for the opening..

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,204
  • Mar 1, 2013 8:26am Mar 1, 2013 8:26am
been shopping for some ES shorts @ 1514.4, like to add some @ 1512.50 if it comes back there

ES M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0186.png Size: 75 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #131,205
  • Mar 1, 2013 8:28am Mar 1, 2013 8:28am
Quoting sisse
H4 sounds healthy is only 6 bars per day from which you prolly only actively track/ trade 2 o 3 max and from which 1 at least is in no man land time and TA and from them (1 or 2 bars left) prolly only 1 is the one YOU HAVE to track because of News / NY / London / or because TA is testing whatever level you are tracking .... in simple words, just don't overlook the chart...in strictly practical terms you don't need a lot more actual real time to track on that TF ... ....

In any case, Fasten your seatbelts? ... tick below 1.500x .... only the US...
Yeah, that's what's making my life so boooring
  • #131,206
  • Edited 8:42am Mar 1, 2013 8:31am | Edited 8:42am
we missed 2894 last time.. price tends to go back to those (often to the pip). pp at 2909.. i may be looking to be neutral are long here. and a possible run back to 319x area. this may be the ideal place to short eventually. but its only a 300 pip bounce, if it happens. 300 pips isn't much. (it may need more.)?
those who can, do. those who cant, talk about those who can
  • #131,207
  • Mar 1, 2013 9:04am Mar 1, 2013 9:04am
@ Kill... ES saved by the bell again... lol the bastards... 1506 holding the opening range one more time a tick above 1516.xx open all time highs ... I am starting to think the bastards are going to ignore the sequestration noise ... European close next ... I am getting tired micromanaging this one...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,208
  • Mar 1, 2013 9:08am Mar 1, 2013 9:08am
EU chancing a long @ 1.2974

EU M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0187.png Size: 77 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #131,209
  • Mar 1, 2013 9:18am Mar 1, 2013 9:18am
ej just bounced to 2105.. it may drop soon after 2107/8... 2105 is the LM, um at 2113... that may help the eu fall.
those who can, do. those who cant, talk about those who can
  • #131,210
  • Mar 1, 2013 9:20am Mar 1, 2013 9:20am
Quoting USD-Bear
EU chancing a long @ 1.2974

EU M15:
Attachment
out -4
Don't be a hero. Don't have an ego. Always question yourself
  • #131,211
  • Mar 1, 2013 9:53am Mar 1, 2013 9:53am
Quoting gatorinla
ej just bounced to 2105.. it may drop soon after 2107/8... 2105 is the LM, um at 2113... that may help the eu fall.
crap is it breaks 2144.. it has gone as high as 2137atm
those who can, do. those who cant, talk about those who can
  • #131,212
  • Mar 1, 2013 9:54am Mar 1, 2013 9:54am
Quoting USD-Bear
been shopping for some ES shorts @ 1514.4, like to add some @ 1512.50 if it comes back there

ES M15:
Attachment
fak out @ BE
Don't be a hero. Don't have an ego. Always question yourself
  • #131,213
  • Mar 1, 2013 11:17am Mar 1, 2013 11:17am
Well that was it. Sequestration in place ...Like usual in a childish fight...it usually ends badly ....

I think this time politicians in the US crossed the line in the political BS game. There will consequences not necessarily because of the sequestration cost but because the fight is reaching major leagues.

Very very nasty comments from Obama. Although I disagree with some of his views in Economics, this time his comments were very clear and very justifiable ...the GOP look very stupid, myopic and 3rd world mentality with that attitude ...this fight can carry a heavy a prize in the US...we may even get the the high of the year very soon...

In any case, Europe going home, Obama is done, US equities still holding but the close is the Key. Experts on the sequestration, point that the cuts will not really affect any big bastards short term so we can still aim for all time highs with TA alone...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,214
  • Mar 1, 2013 11:32am Mar 1, 2013 11:32am
Quoting sisse
@ Kill... ES saved by the bell again... lol the bastards... 1506 holding the opening range one more time a tick above 1516.xx open all time highs ... I am starting to think the bastards are going to ignore the sequestration noise ... European close next ... I am getting tired micromanaging this one...

sisse
1517 here
remember our talk gold was 166x one last push to up before it is done but first 1517
  • #131,215
  • Mar 1, 2013 11:33am Mar 1, 2013 11:33am
Quoting sisse
Well that was it. Sequestration in place ...Like usual in a childish fight...it usually ends badly ....

I think this time politicians in the US crossed the line in the political BS game. There will consequences not necessarily because of the sequestration cost but because the fight is reaching major leagues.

Very very nasty comments from Obama. Although I disagree with some of his views in Economics, this time his comments were very clear and very justifiable ...the GOP look very stupid, myopic and 3rd world mentality with that attitude...
e/u
didn't get u still see it's going up and breake previous high 3710?
I'm surprised not see 3950 was my TP but one last push down end up trend view
  • #131,216
  • Mar 1, 2013 11:39am Mar 1, 2013 11:39am
Quoting sisse
Well that was it. Sequestration in place ...Like usual in a childish fight...it usually ends badly ....

I think this time politicians in the US crossed the line in the political BS game. There will consequences not necessarily because of the sequestration cost but because the fight is reaching major leagues.

Very very nasty comments from Obama. Although I disagree with some of his views in Economics, this time his comments were very clear and very justifiable ...the GOP look very stupid, myopic and 3rd world mentality...
this could get REAL ugly
  • #131,217
  • Mar 1, 2013 11:47am Mar 1, 2013 11:47am
Quoting egkid
1517 here
remember our talk gold was 166x one last push to up before it is done but first 1517
Quoting egkid
didn't get u still see it's going up and breake previous high 3710?
We are getting bit confuse here.

That 1517 is a ES level to open all time highs.

GOLD is 1570.xx that is still holding, looking for a rejection to 164x and max extension 1700.xx

Euro, For now and as long as support is holding and/or Q holds (that is next month so...) the break up , yes 1.371x is on the cards for a swing high when confirmed. Levels above (1.390x) are locked for now as they require a a further break (1.371x) but let's go step by step. To the other side is nothing to see swing-wise as long Euro hold Support on today's Weekly roll.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #131,218
  • Mar 1, 2013 12:02pm Mar 1, 2013 12:02pm
Quoting sisse
We are getting bit confuse here.

That 1517 is a ES level to open all time highs.

GOLD is 1570.xx that is still holding, looking for a rejection to 164x and max extension 1700.xx

Euro, For now and as long as support is holding and/or Q holds (that is next month so...) the break up , yes 1.371x is on the cards for a swing high when confirmed. Levels above (1.390x) are locked for now as they require a a further break (1.371x) but let's go step by step. To the other side is nothing to see swing-wise as long Euro hold Support...
Agree about gold view
E/U not so clear till my weekly close on Sunday but all i see now weekly close Under 3040 more down 28xx end of up trend
any way from now till monday not so far and till then things will b more clear
  • #131,219
  • Mar 1, 2013 1:06pm Mar 1, 2013 1:06pm
Quoting gatorinla
long and shorts
the 1510.36 footprints,, week chart and the newer one is a day chart updated. the low is the LM.. the week chart from yesterday dont show that stop.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uschf.PNG Size: 16 KB
Click to Enlarge Name: sp2.PNG Size: 25 KB
those who can, do. those who cant, talk about those who can
  • #131,220
  • Mar 1, 2013 2:45pm Mar 1, 2013 2:45pm
Quoting gatorinla
the 1510.36 footprints,, week chart and the newer one is a day chart updated. the low is the LM.. the week chart from yesterday dont show that stop.
man was looking for the 1510 finely found it in one of the charts , the TL on monthly well done king
Attached Image (click to enlarge)
Click to Enlarge Name: 1wgold1.gif Size: 32 KB
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