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The Really Useless Thread

  • #133,801
  • Apr 16, 2015 1:33pm Apr 16, 2015 1:33pm
Quoting kenfen69
{quote} Funny... In my actual traveled "Forex journey"...some of the best traders I've come across have been civil engineers. Not sure why...just a repeatable (unofficially quantifiable) thing I've seen. Glad a relate-able light went off. Those are usually much slower to go dark. Best, k
I've heard of this unofficially quantifiable too. Maybe because civil engineers (not me) are trained to analyze structure, cheers
  • #133,802
  • Apr 16, 2015 1:42pm Apr 16, 2015 1:42pm
Quoting Magix
{quote} Learn from those other guys...everybody knows I'm just an opinionated asshole.
I sure can learn from you, I just did, so thanks again.
May I please ask you what those moving averages on your chart that you consider as weekly and daily trends are?
  • #133,803
  • Apr 16, 2015 1:59pm Apr 16, 2015 1:59pm
Quoting ws121
{quote} Maybe because civil engineers (not me) are trained to analyze structure, cheers
Could indeed be, mate...

Price goes up...price goes down. No solid foundation (up too quick)...down we go. Dig too deep...the hole will fill...and we shall build again.

Its funny. I've known a few children (nephews...or nearly nephews/nieces). I show them a live chart. Where is this going, I ask...here, or here (top right, or bottom right)? I should listen to them, because they point it out in a blink!! Align that with some civil engineers...sprinkle with some sisse!

pfffft...fuck all y'all!

There's beauty in simplicity.

  • #133,804
  • Apr 16, 2015 2:10pm Apr 16, 2015 2:10pm
...and we rolled. Intraday bears refuse to capitulate and keep selling every break. 1.076x is a tricky close as it left the door open for a test 1.071x with news tomorrow. Bulls for the first time this week will need an extra hand (news) to keep pushing up.

A test 1.082x wide open for Asian session until the European opening range leaving the round of key US news settle the weekly close.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,805
  • Apr 16, 2015 2:13pm Apr 16, 2015 2:13pm
Quoting kenfen69
{quote} But of course. I kinda just meant...which were you watching in THAT/THIS moment when you're doing a short again right now. Has an hour closed above/below (close to) your short level? An H4? Just curious where your initial trigger-point comes from.
Pierce, and then close below the top mofu in below chart, switching between m15 and H1

Generally as the m15 pierces, I watch the H1 and take the trade on the way back down if time is in line

http://www.forexfactory.com/showthre...01#post8208401
  • #133,806
  • Apr 16, 2015 2:18pm Apr 16, 2015 2:18pm
Quoting kenfen69
{quote} Funny... In my actual traveled "Forex journey"...some of the best traders I've come across have been civil engineers. Not sure why...just a repeatable (unofficially quantifiable) thing I've seen. Glad a relate-able light went off. Those are usually much slower to go dark. Best, k
I am one as well. Many, if not most of GS are engineers with MBA. Maybe the math carries over well.

The Fool is one as well
  • #133,807
  • Apr 16, 2015 2:18pm Apr 16, 2015 2:18pm
Quoting kenfen69
{quote} Could indeed be, mate... Price goes up...price goes down. No solid foundation (up too quick)...down we go. Dig too deep...the hole will fill...and we shall build again. Its funny. I've known a few children (nephews...or nearly nephews/nieces). I show them a live chart. Where is this going, I ask...here, or here (top right, or bottom right)? I should listen to them, because they point it out in a blink!! Align that with some civil engineers...sprinkle with some sisse! pfffft...fuck all y'all! There's beauty in simplicity.
Funny, as I don't have kids yet, I was thinking about having a couple as my trading plan
  • #133,808
  • Apr 16, 2015 2:18pm Apr 16, 2015 2:18pm
Quoting ws121
{quote} I sure can learn from you, I just did, so thanks again. May I please ask you what those moving averages on your chart that you consider as weekly and daily trends are?
1440 EMA.

1440 minutes in a day, on the M1 chart, that is your daily trend. It translates on to the M5 chart as the 288EMA..basically, the 1EMA on the D1 chart.

On the M5 chart - 1440 EMA.

There are 5 days in a trading week. 5x1440/5, is the 1 EMA on the Weekly.

If price is above the 1440 on M1, the day is long. If price is below the 1440 on the week, the week is short.

My intradays are just that.
Are we long on the week?
Are we long on the day?

Let's assume the continuation and stops above/below the line in accordance with the trend.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #133,809
  • Apr 16, 2015 2:35pm Apr 16, 2015 2:35pm
Quoting Magix
{quote} 1440 EMA. 1440 minutes in a day, on the M1 chart, that is your daily trend. It translates on to the M5 chart as the 288EMA..basically, the 1EMA on the D1 chart. On the M5 chart - 1440 EMA. There are 5 days in a trading week. 5x1440/5, is the 1 EMA on the Weekly. If price is above the 1440 on M1, the day is long. If price is below the 1440 on the week, the week is short. My intradays are just that. Are we long on the week? Are we long on the day? Let's assume the continuation and stops above/below the line in accordance with the trend.
Thank you sir, I appreciate it.
  • #133,810
  • Apr 16, 2015 2:38pm Apr 16, 2015 2:38pm
Quoting sisse
...Intraday bears refuse to capitulate and keep selling every break.
Was particularly entertaining on the M15 AU chart today (while flat).

Have heard of (seen) triple-tops/botts (kill )...but quads usually go one direction...through persistence.

^^ and did.
  • #133,811
  • Apr 16, 2015 2:39pm Apr 16, 2015 2:39pm
Quoting Pharm0r
{quote} Pierce, and then close below the top mofu in below chart, switching between m15 and H1 Generally as the m15 pierces, I watch the H1 and take the trade on the way back down if time is in line http://www.forexfactory.com/showthre...01#post8208401
:nerd:

Thanks!

Not a bad plan of attack.
  • #133,812
  • Apr 16, 2015 2:43pm Apr 16, 2015 2:43pm
Quoting Pharm0r
{quote} Many, if not most of GS are engineers with MBA. Maybe the math carries over well.
GS == ?

Potential brain-toot in action, but...do tell.
  • #133,813
  • Apr 16, 2015 2:46pm Apr 16, 2015 2:46pm
Quoting ws121
{quote} Funny, as I don't have kids yet, I was thinking about having a couple as my trading plan
You let me know when that happens. I'll get Long...smart children!

  • #133,814
  • Apr 16, 2015 2:50pm Apr 16, 2015 2:50pm
Quoting ws121
{quote} Thank you sir, I appreciate it.
FYI...

LOVE the wolf! Owwwww-oooooooooooo!

Didn't see it until I had a closer look! Spot on!
  • #133,815
  • Apr 16, 2015 2:50pm Apr 16, 2015 2:50pm
Quoting Pharm0r
{quote} I am one as well. Many, if not most of GS are engineers with MBA. Maybe the math carries over well. The Fool is one as well
So are we going to establish international construction company or are we going to continue to trade?
  • #133,816
  • Apr 16, 2015 2:50pm Apr 16, 2015 2:50pm
Quoting kenfen69
{quote} GS == ? Potential brain-toot in action, but...do tell.
Probably Goldman
  • #133,817
  • Edited 4:21pm Apr 16, 2015 3:11pm | Edited 4:21pm
Expected this... not necessarily in a week.. haha.. crude oil broke out and that's why the move was bigger than other major currencies vs usd..

This one can really get thrown off the cliff long term, but I'm seeing some indications of buying showing up now. I do think it's the start of a full out trend reversal for a while....but there's likely to still be bids, at least up to that 1.25 area.

We shall see..
Attached Image (click to enlarge)
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  • #133,818
  • Edited 3:48pm Apr 16, 2015 3:12pm | Edited 3:48pm
Quoting Rockerzeus
{quote} Probably Goldman
So long as this loosely-formed (so far), group of smartie-pants (), civil engineers, doesn't build/agree upon structure while trying to form foundations for a flag/logo/boss like this...

**killed image...poor taste...for many different reasons.** Sorry.

My theory is in tact.

GS aside! Goldman, too.
  • #133,819
  • Apr 16, 2015 3:18pm Apr 16, 2015 3:18pm
Quoting Ck87
Expected this... not necessarily in a week.. haha.. crude oil broke out and that's why the move was bigger than other major currencies vs usd.. This one can really get thrown off the cliff long term, but I'm seeing some indications of buying showing up on this one now. I do think it's the start of a full out trend reversal for a while....but there's likely to still be bids, at least up to that 1.25 area. We shall see.. {image}
Yeah...look left on that one.

Obviously heavily Oil dependent. But a very over-stretched rubber band, IMO.

Not sure where the middle ground is...but that was a little too soon, too far.

Time will tell...is telling, I guess.
  • #133,820
  • Apr 16, 2015 3:31pm Apr 16, 2015 3:31pm
pa has been above 0775.. today we closed below/ the week close below is probably not bullish. although we may get to 088x/9x .. the close is what will count. tonight with the first leg to hit 0750 since high, and we did close below 0765.. another retrace leg may be 0720. when we broke 0611 (on the way down).. it made a norm at 0832.. the thing now as then is the larger tf are bearish.. and 0765 and 0775 are the reason.. now we have retraced from the lows. i would have prefered 0832.. it hasn't got there, before the -0765 close or i would be more bearish.. it has taken 0776, that was another leg satisfied, i dont know if its enough since i have had 0832 as a norm as a older norm.. still holding shorts, it was a gamble of retrace. i opted for the larger tf not allowing much.. so retrace has atm shrunken the 1.1018 trade..http://www.forexfactory.com/showthre...00#post8198000
those who can, do. those who cant, talk about those who can
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