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The Really Useless Thread

  • #134,341
  • Apr 29, 2015 6:04am Apr 29, 2015 6:04am
Quoting primejarvis
{quote} 1.102x till 1.104x is a sell zone for me .... With a target of 1.045x ... What's your plan ? Theoretically what we all learnt in books is that pa will test the resistance 3 times before breaching ... But the major s/r from the high of 2014 was breached as if its not there ... So I have pending lots sitting somewhere in between the sell zone without s/l and t/p
bad idea, but to each his/her own.
  • #134,342
  • Apr 29, 2015 6:07am Apr 29, 2015 6:07am
Quoting MissPips
{quote} Everyone probably is. They do it so often. If they don't then Hatch and Gator will make money. Me, I can't bring myself to just place an order like they do without looking at the PA in the zone first.
We are cold as ice. If it breaks, there is always the next one on a retest when it comes back.

The sell-off you mentioned depends fed-stances/timing, so I can't even remotely influence anything but do my thing. The body count happens tomorrow.
  • #134,343
  • Apr 29, 2015 6:11am Apr 29, 2015 6:11am
Quoting Mr Hatch
{quote} bad idea, but to each his/her own.
Learning from brilliant minds s/l above 1.11xxx ....
Re-Incarnated
  • #134,344
  • Apr 29, 2015 6:16am Apr 29, 2015 6:16am
Quoting MissPips
{quote} Everyone probably is. They do it so often. If they don't then Hatch and Gator will make money. Me, I can't bring myself to just place an order like they do without looking at the PA in the zone first.
They wont be the only ones

Toe dipped @ .1000

Quoting Ken A
What is FOMC .... GDP # will seal the deal
  • #134,345
  • Apr 29, 2015 6:20am Apr 29, 2015 6:20am
Quoting sisse
{quote} .... In any case, expecting nothingness in the session until the news .... On the euro, nothing new until then. 1.100x strong resistance with micro flip zone 1.097x for the floor 1.088x and strong support on the low of the FOMC range (1.078x) both open. For both sides nothing to see until the news and later the FED.... sisse
A very dull session as suspected with 1.100x holding and a lot of nothing going on after. We are reaching choose your poison time in the dollar across the board with GDP reports to kick start the new season, FOMC and monthly and weekly combos in play to finish the map.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,346
  • Apr 29, 2015 6:32am Apr 29, 2015 6:32am
Good luck today- to be clear (as I think I may have talked in circles the last day or so)

Stops above .1052 are sitting ducks, and well within reach (as miss pips pointed out). If hit will most likely fuel the fire for a quick and violent leg up.

My bias is that the above will happen, with a retest to the broken resistance later next month (as Hatch pointed out already this morning - the retest I mean), or that we will bounce here, and break on the 4th retest next month, with a HL in the next few weeks.

My trades are short however....if I'm proven right, I lose 0.5%.....if I'm proven wrong...I'm still right. The sell zone is a sell zone with 9 months of bearish momentum. It's a FU day, shit happens. It's not broke till it's broke...etc etc. GDP should light the way. The beauty of trading at the risk is there is a clear and defined line in the sand. Losing money is part of the process. How much you lose or suffer is 100% in your hands.

Sorry if I've been confusing the last few days. I tend to type my thoughts in the moment, make no sense, then edit it to a coherent sentence after I read the post 4 or 5 times. It's worse when I'm both bearish and bullish. Anyways- I'll shut up now, see you guys after the smoke clears.
  • #134,347
  • Apr 29, 2015 6:34am Apr 29, 2015 6:34am
Quoting MissPips
{quote} Me, I can't bring myself to just place an order like they do without looking at the PA in the zone first.
what time frame PA are you using for your entries then if you dot mind me asking...
Look Sharp/Trade Tight
  • #134,348
  • Apr 29, 2015 6:36am Apr 29, 2015 6:36am
Quoting Pharm0r
Good luck today- to be clear (as I think I may have talked in circles the last day or so) Stops above .1052 are sitting ducks...
I doubt anyone except weak retail is right now holding stops at those levels....That area was in play for the swing on the FOMCi in March and later with the ECB but that was before the rest of the world already noticed (now is gone) sure a break in an area that 99.99% of the traders around the world have it by now it could attract break out hands and carry momentum but not stops from the majors ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,349
  • Apr 29, 2015 6:36am Apr 29, 2015 6:36am
Quoting USD-Bear
{quote} lol, not everyone can be that smart
bear, how you been....what do you see out there? anything interesting?
Look Sharp/Trade Tight
  • #134,350
  • Apr 29, 2015 6:40am Apr 29, 2015 6:40am
Quoting PayTheLimit
whats beyond this zone up here if the bastards take it up...1.1212?
I have 1.1172 and 1.1227-1.1237 .
  • #134,351
  • Apr 29, 2015 6:43am Apr 29, 2015 6:43am
Incredible thread ladies and gentlemen.

My 2 cents

Closed all longs on EU when we crossed the 1008 mark earlier, been watching patiently
I'd bet on a spike up on the gdp, but only for abit, create shorter risk entries for short at; 1020-1050 area, too many dances leading to .1000 imho to see much more upside...
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1 29th london pre news.png Size: 26 KB

Also there are things like this being r line to consider
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h 29th.png Size: 37 KB

But, not to call a top here, wont be looking to be first in. If it does turn into a raving train, i'll be looking to get it above the 1030 area but on a rebound.

All in due course...

Green pips to you all.
Guard your pips jelously
  • #134,352
  • Apr 29, 2015 6:49am Apr 29, 2015 6:49am
Gm/afternoon all,

Just browsing though, so I share one relevant chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4429.jpg Size: 327 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #134,353
  • Apr 29, 2015 6:58am Apr 29, 2015 6:58am
Quoting sisse
{quote} I doubt anyone except weak retail is right now holding stops at those levels....That area was in play for the swing on the FOMCi in March and later with the ECB but that was before the rest of the world already noticed (now is gone) sure a break in an area that 99.99% of the traders around the world have it by now it could attract break out hands and carry momentum but not stops from the majors .... sisse
thanks

*quietly moves stops* nothing to see here.....
  • #134,354
  • Apr 29, 2015 7:02am Apr 29, 2015 7:02am
Quoting PayTheLimit
{quote} what time frame PA are you using for your entries then if you dot mind me asking...
5 m and 1 m. I look for a pattern confirming the direction I think it should go, right in the place where I think it should happen. On the 5M I try to get a tap back near the mid of the confirming bar/bars, and I'd rather see divergence too. On the 1m I look for a THV/rainbow pattern confirming it, usually when the PA is a little more confusing to me - not quite where I was expecting, or consolidating in a way I don't understand. Then the colors help me see the direction better.
  • #134,355
  • Apr 29, 2015 7:05am Apr 29, 2015 7:05am
Quoting MissPips
{quote} 5 m and 1 m. I look for a pattern confirming the direction I think it should go, right in the place where I think it should happen. On the 5M I try to get a tap back near the mid of the confirming bar/bars, and I'd rather see divergence too. On the 1m I look for a THV/rainbow pattern confirming it, usually when the PA is a little more confusing to me - not quite where I was expecting, or consolidating in a way I don't understand. Then the colors help me see the direction better.
gotcha....sounds good to me, those TF's will usually allow you the get in near the level your watching, and allow you to keep stops tight....thanks for the reply, gl...
Look Sharp/Trade Tight
  • #134,356
  • Apr 29, 2015 7:06am Apr 29, 2015 7:06am
boy is hungry...talk laters...
Look Sharp/Trade Tight
  • #134,357
  • Edited 7:39am Apr 29, 2015 7:12am | Edited 7:39am
Here we go again for the start a new map in the dollar (euro). All micro levels raised until the M/W roll is completed (there is not many in play either). Expecting a v. mild impact GDP/FOMC combo on the fundamental side (thats to comment later with the FOMC). However, expecting quite active sessions on the technical side as this is the last short term wave(s) before we get in the in hikes trading mode from next month.

  1. For the current smaller GDP news until NY open expecting a direct and simple moves pre FOMC. 1.097x is the only level to track (its the only intraday level in play too).
  2. A surprise positive numbers to 1.088x with a tiny intermediate stop 1.093x before the real deal with the FOMC. To the other side direct trade to 1.112x for/with the FOMC later.
  3. Finally, an irrelevant number will let us in nothing to see mode until NY reacts on the equities front before the FOMC.

GL

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,358
  • Apr 29, 2015 7:18am Apr 29, 2015 7:18am
Quoting Mr. Scott
Gm/afternoon all, Just browsing though, so I share one relevant chart. {image}
Hi Mr. Scott, thanks. That is relevant indeed.
Fix up, trade sharp ...
  • #134,359
  • Apr 29, 2015 7:23am Apr 29, 2015 7:23am
Quoting PayTheLimit
{quote} gotcha....sounds good to me, those TF's will usually allow you the get in near the level your watching, and allow you to keep stops tight....thanks for the reply, gl...
Yeah most times you give up 5-10 pips that way, but most times I don't know the exact number where it's going to turn either - I just have a zone there anyway. If there's a daily/weekly/monthly mid/high/low there in the zone I give it more credence.
  • #134,360
  • Apr 29, 2015 7:26am Apr 29, 2015 7:26am
Quoting Mr Hatch
{quote} We are cold as ice. If it breaks, there is always the next one on a retest when it comes back. The sell-off you mentioned depends fed-stances/timing, so I can't even remotely influence anything but do my thing. The body count happens tomorrow.
How'd you get that way, if you don't mind my asking. Was it just practice, or doing some exercises for example, or something else? (I 've read various ones like doing coin toss trades on a tiny account, and just practicing taking the win/loss called for by your stops).
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