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The Really Useless Thread

  • #132,761
  • Apr 23, 2013 4:42pm Apr 23, 2013 4:42pm
Quoting AllyB
{quote} nice trades there. i got burned on that down spike ... so i had to walk away and re-group. please don't stop posting please
sorry to hear that ally, nothing too bad i hope... i got turned over pretty bad with this months nfps, still recovering from it, although have made back most of the loses... just gotta take the lesson once in a while...
  • #132,762
  • Apr 24, 2013 8:31am Apr 24, 2013 8:31am
Heh. Who broke the markets? Rangey boring nonsense
  • #132,763
  • Apr 24, 2013 9:05am Apr 24, 2013 9:05am
Quoting Venice
{quote} Almost done! {image}
Let's see if it behaves as expected. will be looking for bull weakness on the lower TF's.
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.png Size: 61 KB
  • #132,764
  • Apr 24, 2013 2:35pm Apr 24, 2013 2:35pm
Got an order to snag a short on EUR/USD at 1.3020... I like playing shorts now as I think the larger downtrend is ready to continue. Also scalping GBP/JPY for 20-30 pips at a pop until she figures out where to go and AUD/NZD shorts (gotta love a good trend).
check out my blog: forexmademillionaire dot com
  • #132,765
  • Apr 24, 2013 4:39pm Apr 24, 2013 4:39pm
Quoting Geppy
Got an order to snag a short on EUR/USD at 1.3020... I like playing shorts now as I think the larger downtrend is ready to continue. Also scalping GBP/JPY for 20-30 pips at a pop until she figures out where to go and AUD/NZD shorts (gotta love a good trend).
Filled on the EUR/USD short. It's more of a set-and-forget type of trade as I plan to play a longer-term trend (assuming I'm right).
check out my blog: forexmademillionaire dot com
  • #132,766
  • Edited 7:02pm Apr 24, 2013 6:48pm | Edited 7:02pm
Quoting Geppy
{quote} Filled on the EUR/USD short. It's more of a set-and-forget type of trade as I plan to play a longer-term trend (assuming I'm right).
Here's what I got. What a mess. Dollar is in Daily supply atm. Doesn't mean it will hold or not. Just means it's a potential, short term or long term top. Have to be careful though, because if this does hold, that is a LH for the dollar forming.

I've been trying to leave this silliness alone. Currently loaded on the Aussie @ 1.0232. Targeting 1.0540. It's got some serious humps to get over on the H4. I may just get stopped out near BE... will collect some swap in the mean time though. Swissy, per the earlier posted chart and identification of bull weakness, got on board @ .9483. All too BE plus some change. H4 targeting .9370 min.

GL, and let's see what happens here. Euro, i'm in wait mode, because I don't like the PA. Slow drift down this week could mean compression, but its a mess... it also sorta looks like an attempted H&S. Slow moving regardless. I personally want the green box. Price will be back to it... some time. It took almost 5 months to get euro back to the zone that created the HL where my green box is at, derived from demand from early November'ish. heh.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 54 KB
  • #132,767
  • Apr 24, 2013 6:54pm Apr 24, 2013 6:54pm
H12... shows things a little bit cleaner. Bulls bars part of an inside bar. Would need a close > 3081 to consider longs. And of course, only at the next perceived HL.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 52 KB
  • #132,768
  • Apr 24, 2013 7:34pm Apr 24, 2013 7:34pm
Quoting Venice
{quote} Here's what I got. What a mess. Dollar is in Daily supply atm. Doesn't mean it will hold or not. Just means it's a potential, short term or long term top. Have to be careful though, because if this does hold, that is a LH for the dollar forming. I've been trying to leave this silliness alone. Currently loaded on the Aussie @ 1.0232. Targeting 1.0540. It's got some serious humps to get over on the H4. I may just get stopped out near BE... will collect some swap in the mean time though. Swissy, per the earlier posted chart and identification...
I agree... things are a mess overall this week and I've definitely been having to earn my pips the hard way. The best thing to do is to stay on your toes and keep stops tight. We'll decide on a direction sooner or later, it's the waiting that can kill a lot of traders.
check out my blog: forexmademillionaire dot com
  • #132,769
  • Apr 25, 2013 7:53am Apr 25, 2013 7:53am
Nice to see the markets alive again. Stopped out on Swissy, euro is playing out as expected, albeit not with me due to the mess it was making. Hopefully next week we can look forward to some clean PA.

I may give swissy a go again here, depending on PA. Sometimes it needs to hit a zone twice or three times just to make sure. A zone is valid until its not... or something along those lines.

It's so fun talking to myself
  • #132,770
  • Apr 25, 2013 8:30am Apr 25, 2013 8:30am
Quoting Venice
Nice to see the markets alive again. Stopped out on Swissy, euro is playing out as expected, albeit not with me due to the mess it was making. Hopefully next week we can look forward to some clean PA. I may give swissy a go again here, depending on PA. Sometimes it needs to hit a zone twice or three times just to make sure. A zone is valid until its not... or something along those lines. It's so fun talking to myself
i'm listening
  • #132,771
  • Apr 25, 2013 8:41am Apr 25, 2013 8:41am
Quoting AllyB
{quote} i'm listening
What's good Ally? Any trades a-cookin?
  • #132,772
  • Apr 25, 2013 8:56am Apr 25, 2013 8:56am
Quoting Venice
{quote} What's good Ally? Any trades a-cookin?
done for the day here. chop chop but did manage to get 3 ugle dustbins in on EU and 1 trade in EJ for +48 so i will take my money and run.

how about you?
  • #132,773
  • Apr 25, 2013 9:04am Apr 25, 2013 9:04am
Quoting AllyB
{quote} done for the day here. chop chop but did manage to get 3 ugle dustbins in on EU and 1 trade in EJ for +48 so i will take my money and run. how about you?
Very nice! The only thing I have cooking for me right now is my Aussie trade from the 1.0230 area. Everything else has been stopped or cleared. Looks like the swissy came back just for my stop. What a jerk! hehe.
  • #132,774
  • Apr 25, 2013 9:09am Apr 25, 2013 9:09am
Quoting Venice
{quote} Very nice! The only thing I have cooking for me right now is my Aussie trade from the 1.0230 area. Everything else has been stopped or cleared. Looks like the swissy came back just for my stop. What a jerk! hehe.
did you see GU? i did but only after the fact
  • #132,775
  • Apr 25, 2013 9:18am Apr 25, 2013 9:18am
Quoting AllyB
{quote} did you see GU? i did but only after the fact
I had that projected as a northword move as long as the daily didn't close under 52260'ish. I really didn't get a lot of anything put down just because I have been annoyed with the price action of late.

Wanna see something cool? This pattern plays out over, and over, and over, and over in the markets and is a huge basis to my strategy. They are engulfing bars that are not revisted until a few legs get in between it. This is what creates those pesky HH, LL, HH situations. Would of been as clean as any other entry, with about 10 pips risk. I know, the low didn't quite hit the zone... but, you always have to account for spread, which isn't displayed on the chart. Fun stuff.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 44 KB
  • #132,776
  • Apr 25, 2013 9:55am Apr 25, 2013 9:55am
Quoting Venice
{quote} I had that projected as a northword move as long as the daily didn't close under 52260'ish. I really didn't get a lot of anything put down just because I have been annoyed with the price action of late. Wanna see something cool? This pattern plays out over, and over, and over, and over in the markets and is a huge basis to my strategy. They are engulfing bars that are not revisted until a few legs get in between it. This is what creates those pesky HH, LL, HH situations. Would of been as clean as any other entry, with about 10 pips risk....
I noticed the same thing over time. Good stuff
What is any ocean but a multitude of drops?
  • #132,777
  • Apr 25, 2013 10:02am Apr 25, 2013 10:02am
Quoting Xhale
{quote} I noticed the same thing over time. Good stuff
Price always comes back for a retest of a zone... the only variable is time Then it's just simple maths to keep your r/r in check.
  • #132,778
  • Apr 25, 2013 11:46am Apr 25, 2013 11:46am
Quoting Venice
{quote} I had that projected as a northword move as long as the daily didn't close under 52260'ish. I really didn't get a lot of anything put down just because I have been annoyed with the price action of late. Wanna see something cool? This pattern plays out over, and over, and over, and over in the markets and is a huge basis to my strategy. They are engulfing bars that are not revisted until a few legs get in between it. This is what creates those pesky HH, LL, HH situations. Would of been as clean as any other entry, with about 10 pips risk....
gonna have to look at this later ... my eyes are crossed and cocktails are a flowing so will get back with ya.

cheers
  • #132,779
  • Apr 25, 2013 11:47am Apr 25, 2013 11:47am
Quoting AllyB
{quote} gonna have to look at this later ... my eyes are crossed and cocktails are a flowing so will get back with ya. cheers
Jealous!!
  • #132,780
  • Apr 25, 2013 11:48am Apr 25, 2013 11:48am
Quoting FibbinArchie
{quote} sorry to hear that ally, nothing too bad i hope... i got turned over pretty bad with this months nfps, still recovering from it, although have made back most of the loses... just gotta take the lesson once in a while...
-40 pips archie

would not have hurt as much if it had been on EJ but i deserved it. had a blond moment and no sl

i'll get those bastards back
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