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The Really Useless Thread

  • #134,461
  • Apr 30, 2015 7:15am Apr 30, 2015 7:15am
Quoting sisse
{quote} 1.13xx looks like a very strong reference. Don't forget this a mid term (weeks to months) swing area so a couple of hundred ticks around the current area is peanuts ...but that is for after the hikes... sisse
Hats off to you Mr. Sisse.
  • #134,462
  • Apr 30, 2015 7:19am Apr 30, 2015 7:19am
Quoting Pharm0r
{quote} I use them very differently. Didn't we have this talk? I refer to these as experimental numbers....when they work they work. found them by accident when I first started....so far they've worked well for bearish markets, now to see if they work in the bullish one. The thing I've noticed, is his method can be used in many different ways, and still work. In fact many different methods are constantly in work at the same time. Some better than others. The premise is that .50 is everywhere, constantly in every tick. Something is always .50 of...
Yes we talked about it but I was assuming that particular one was the experimental one I did not think you will use that way.
Are you have to bring another puzzle
If you mean movie, yes I watched it.
  • #134,463
  • Apr 30, 2015 7:38am Apr 30, 2015 7:38am
Quoting Rockerzeus
{quote} Yes we talked about it but I was assuming that particular one was the experimental one I did not think you will use that way. Are you have to bring another puzzle If you mean movie, yes I watched it.
Being that I've only used this method for 4 months, everything I post should be considered "experimental"

You'll find the fib if you look to '94
  • #134,464
  • Apr 30, 2015 7:44am Apr 30, 2015 7:44am
Quoting MissPips
{quote} "I knew something was wrong somewhere, but I couldnt spot it exactly. But if something was coming and I didnt know where from, I couldnt be on my guard against it. That being the case Id better be out of the market. " "I always made money when I was sure I was right before I began. " J.Livermore
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
The same thing happened with me .... for the 1st time any of the book on "how to trade forex,equity etc etc" ,had proved to be right .... in the name of retracement it might go and close the gap near 1.20xxx and it could be a correction ....

and i personally totally agree to the clarified post of Sisse .... that the pa is just balancing itself for the upcoming surprise from US.... this is a clear indication for me that the minimum hike is nearby ... what traders think i dont know .... that's totally my point of view ...
Re-Incarnated
  • #134,465
  • Apr 30, 2015 7:55am Apr 30, 2015 7:55am
Quoting kenfen69
{quote} I forgot how solid the foundation can be around here. Beautiful reminder, Hatches. Next time you slice of pie isn't humble... Its on me.
Lots of eyes doing the right thing almost immediately.

Quoting Venice
{quote} Just a bunch of speeding tickets a long the way. Lost my license about 5 years ago because of it... but since then, not a scratch. Worth doing the laywer? Or just go in and plead guilty? I'm tossing these two ideas around right now...
You didn't steer a vehicle since then?
  • #134,466
  • Apr 30, 2015 7:55am Apr 30, 2015 7:55am
Quoting USD-Bear
All clear, thanks for the clarification sisse. Sometimes like a real pro, your words assumes the same professionalism from us mortals making it difficult to read
Oh no, my bad. I am just writing complex macro analysis live in a matter of minutes so I don't particularly pay too much attention on writing style to make it bit easier for others to read ....but let me tell you 3 things:

  1. Raising a bit the level of the conversation its really the best way to get rid of some of the spammers, trolls and lazy traders in FF;
  2. Don't assume that pros vs mortals blah blah is really true ...I can guarantee that many of the few good guys around here are a lot better and know a lot more about trading than some of the as$%$@ in the corporate world...the only difference is they don't have to worry about capital ...
  3. In the last +10 years I have learn a lot and become a better trader with some of the comments in the boards (you just need to filter 90% of the garbage as in everywhere else). Any time I would pick a street smart trader over most of the oxbridge/ivy league BS kids showing off in the city ...

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,467
  • Apr 30, 2015 8:06am Apr 30, 2015 8:06am
[quote=sisse;8237528]{quote} .but let me tell you 3 things: Raising a bit the level of the conversation its really the best way to get rid of some of the spammers, trolls and lazy traders in FF; /quote]

I agree but the problem with that is those who want to learn find it difficult to understand what is being said & so they don't become better traders.
  • #134,468
  • Apr 30, 2015 8:12am Apr 30, 2015 8:12am
The road is just harder- that's all. If they want to learn, REALLY want to learn- they'll find a way.
  • #134,469
  • Apr 30, 2015 8:14am Apr 30, 2015 8:14am
Quoting sisse
After one of largest rallies in the history of stock markets (in the DAX for example is the biggest ever), at all time highs, with nearly 0 interest rates and with a massive QE already digested, a first rate hike just call for COMMON SENSE. A breather and a pullback on macro numbers doesn't mean panic or a downtrend, it jus mean time to take profit and pullback to adjust value (in equities) to the new rates/inflation levels thats all. In the long term hikes to a more sustainable levels are actually VERY positive and BULLISH ...but that is for after...
It has begun. Cast an eye on UST's. Credit anticipates, equity confirms. There will be blood in US equities, opportunity for all good vampires.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #134,470
  • Apr 30, 2015 8:30am Apr 30, 2015 8:30am
Quoting The Fool
{quote} It has begun. Cast an eye on UST's. Credit anticipates, equity confirms. There will be blood in US equities, opportunity for all good vampires.
Yeap I am also tracking the domino....

For now NY in control but this is pretty much it for the day/week/month. Europe going home for a long weekend so basically technical moves to set the monthly closes across the board and portfolio rebalancing to start the new season in MAY.

In the euro, back to square one 1.112x on profit taking, playing field is clean now for the next leg.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,471
  • Apr 30, 2015 8:35am Apr 30, 2015 8:35am
Quoting primejarvis
{quote} {quote} The same thing happened with me .... for the 1st time any of the book on "how to trade forex,equity etc etc" ,had proved to be right .... in the name of retracement it might go and close the gap near 1.20xxx and it could be a correction .... and i personally totally agree to the clarified post of Sisse .... that the pa is just balancing itself for the upcoming surprise from US.... this is a clear indication for me that the minimum hike is nearby ... what traders think i dont know .... that's totally my point of view ... ...
Yeah and they breached that major support there right during the Christmas/NewYears break too, which I thought was pretty suspicious.
  • #134,472
  • Apr 30, 2015 8:50am Apr 30, 2015 8:50am
Quoting MissPips
{quote} Yeah and they breached that major support there right during the Christmas/NewYears break too, which I thought was pretty suspicious.
So the whole scenario is this that the market makers or the so called big players don't give a damn where the S/R are ...

if they really wants to breach the levels ... they will just do it ....

from the last 3-5 years of experience in this play i have just learnt one thing " If you really want to earn money or create a handsome wealth ... just think like a big player "

Try to get the tickets on the same train .... or stay out of it but don't mess with train.....
Re-Incarnated
  • #134,473
  • Edited 9:25am Apr 30, 2015 9:12am | Edited 9:25am
Quoting primejarvis
{quote} So the whole scenario is this that the market makers or the so called big players don't give a damn where the S/R are ... if they really wants to breach the levels ... they will just do it .... from the last 3-5 years of experience in this play i have just learnt one thing " If you really want to earn money or create a handsome wealth ... just think like a big player " Try to get the tickets on the same train .... or stay out of it but don't mess with train.....
Not sure they don't give a damn where the S/R is though. The stops are below/above major S/R and I suspect they do give a damn about those.

If they are rebalancing, first thing they have to do is run a lot of stops and convince everyone else the trend is changing to the upside so they can sell to all the buyers without driving price down until they have loaded up and are ready to do so. It took a lot of money to make the downtrend stop and form this month's up bar right at two major multi-year trendlines.

(I''ve been posting this chart - albeit I made it less ugly since people complained about my taste in colors -since mid -March)

http://www.forexfactory.com/showthre...65#post8153265

After all the scandals about banks and forex traders getting caught manipulating the market you have to wonder how they are still doing it, but all you have to do is look at the chart to see where it's gonna happen.
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  • #134,474
  • Apr 30, 2015 10:39am Apr 30, 2015 10:39am
Oanda just updated their mobile app....to include 5-10-30 second charts....but still nothing higher than 1D.

Useless.
  • #134,475
  • Apr 30, 2015 10:53am Apr 30, 2015 10:53am
Quoting Pharm0r
Oanda just updated their mobile app....to include 5-10-30 second charts....but still nothing higher than 1D. Useless.
Why would you need longer than 1D on a Mobile App?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #134,476
  • Apr 30, 2015 11:03am Apr 30, 2015 11:03am
Quoting Magix
{quote} Why would you need longer than 1D on a Mobile App?
Why would you need 5 seconds?
  • #134,477
  • Apr 30, 2015 11:08am Apr 30, 2015 11:08am
*at dinner

"hey have you seen what <insert exotic> has been doing? What do you think the future holds?"

option 1:

No I haven't checked that pair, let me bust open the 5 second chart on my mobile app real quick and tell you my general opinions.

option 2:

No I haven't checked that pair, let me bust open my weekly chart and give you a general opinion.
  • #134,478
  • Apr 30, 2015 11:12am Apr 30, 2015 11:12am
Quoting MissPips
{quote} Not sure they don't give a damn where the S/R is though. The stops are below/above major S/R and I suspect they do give a damn about those. If they are rebalancing, first thing they have to do is run a lot of stops and convince everyone else the trend is changing to the upside so they can sell to all the buyers without driving price down until they have loaded up and are ready to do so. It took a lot of money to make the downtrend stop and form this month's up bar right at two major multi-year trendlines. (I''ve been posting this chart -...
First let me tell u I Dont use any indicators on my chart .... 2ndly according to ur chart the thick lines are the main S/R ... Correct me if I m wrong and if I am right the resistance @1.0848 was easily breached ... My major points are near 1.16xxx ,1.20xxx and 1.25xxx ... If this levels are breached then I will say its a trend change otherwise its nothing but a corrections or retracement .... I hope it helps....
Re-Incarnated
  • #134,479
  • Apr 30, 2015 11:45am Apr 30, 2015 11:45am
Quoting Pharm0r
{quote} Why would you need 5 seconds?
For the record: To waste more money much quicker, if you follow the very-low-tf-specialists without mastering the high timeframes.

Serious question: Does the FF-trade-explorer depict unrealized P/L as positive/negative performance?
  • #134,480
  • Apr 30, 2015 11:45am Apr 30, 2015 11:45am
Quoting primejarvis
{quote} So the whole scenario is this that the market makers or the so called big players don't give a damn where the S/R are ... if they really wants to breach the levels ... they will just do it .... from the last 3-5 years of experience in this play i have just learnt one thing " If you really want to earn money or create a handsome wealth ... just think like a big player " Try to get the tickets on the same train .... or stay out of it but don't mess with train.....
yadda, yadda... how do they think?
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