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The Really Useless Thread

  • #135,721
  • Jun 23, 2015 2:14am Jun 23, 2015 2:14am
Quoting sakisf
Stopped at a naked poc from June 17th (1.1264, 2nd image). 1244 and below would confirm bearish move to me but it didn't go for it yet. {image} {image}
Update. Failed at 1.1244 and might re-test 1.1315 up to 1.1336 if it takes 1.1297.
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  • #135,722
  • Jun 23, 2015 2:17am Jun 23, 2015 2:17am
Quoting OfWolfAndMan
{quote} {quote} We got the LL, in the Asian session (not surprised) Large tf ones indicates short but lot of short & medium term bulls still alive
Yeah, things are progressing pretty well for the orthodox hourly mofu-ers. The majenta lines, which show places in the price histo that price liked to be at both in the down swing and the upswing seem to work pretty well for scalping too.
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  • #135,723
  • Jun 23, 2015 2:26am Jun 23, 2015 2:26am
Quoting OfWolfAndMan
{quote} bull or bear?
Im looking for a bull setup here Just bounced off a cluster of pp Bmw news coming up soooo we will see
peace

ps my setups are around 50/50 which means i have no clue what im doing My rr and following my rules makes this work

peace
Dennis
Peace
  • #135,724
  • Jun 23, 2015 2:49am Jun 23, 2015 2:49am
Quoting build11
{quote} Im looking for a bull setup here Just bounced off a cluster of pp Bmw news coming up soooo we will see peace ps my setups are around 50/50 which means i have no clue what im doing My rr and following my rules makes this work peace Dennis
even the micros are getting boring now..
50/50 means you're well ahead! Risk management is King in this "game"
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  • #135,725
  • Jun 23, 2015 3:08am Jun 23, 2015 3:08am
My 2 cents

Reason im on this hard azz fence is that i have no clue what the trend is !!
1 hr says one thing , 4hr looks close to changing direction and the daily seems the same ( cant seem to break 1.14 - 1.145 )
Although trading short term , i should just be watching the 1 hr but I like for the 4 hr to confirm .
Right now i have 2 setups SHORT s1 @ 1.13 s1 or lomg s2 @ 1.1256 Both would meet my fib based trading rules
Sooo with 2 setups, and me having no clue on the trend , here i sit .

good trading today all
peace
Dennis
Peace
  • #135,726
  • Jun 23, 2015 3:22am Jun 23, 2015 3:22am
Quoting MissPips
{quote} Yeah, things are progressing pretty well for the orthodox hourly mofu-ers. The majenta lines, which show places in the price histo that price liked to be at both in the down swing and the upswing seem to work pretty well for scalping too. {image}
Are they based on market profile? I prefer micro setups for scaling
..waiting for 121x area..
  • #135,727
  • Jun 23, 2015 3:32am Jun 23, 2015 3:32am
Quoting The Fool
{quote} What's that? Wulfgar is still alive?
buddy what up? how are you?

yea he is still alive bro

how's your life man?
  • #135,728
  • Edited 4:03am Jun 23, 2015 3:47am | Edited 4:03am
H4 buy confirmation in 13 minutes (should do extreme move to invalidate it in such short time..)
Time will tell.

Edit: confirmed
f(z)=z2+c
  • #135,729
  • Jun 23, 2015 3:52am Jun 23, 2015 3:52am
Quoting OfWolfAndMan
{quote} are they based on market profile? I prefer micro setups for scaling
..waiting for 121x area.}
It's based on the Pembatas indie that Sakisf posted. If I undersand it correctly, it shows a histogram
of how often the chosen instrument was at a given price during the selected period.

But what I did was try to emulate something that Infinitus did with volume (because they both have to be counting ticks, since that's what volume is in MT4) and I put it on the chart twice - once counting the ticks EUR was at a certain price during the swing up from the bottom to now and once counting the ticks EUR was at a certain price during the downswing (or the part of in in the range we are in now anyway). Then I put a red line on the chart where there were lots of ticks during the downswing but not during the upswing, a green line where there were lots of ticks during the upswing but not the downswing, a black line were there were few ticks during both and a magenta line where there were many ticks during both. Just experimenting to see what price will do in those areas. But so far the lines have been good for scalps, especially the magenta lines.
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  • #135,730
  • Jun 23, 2015 3:56am Jun 23, 2015 3:56am
Quoting MissPips
{quote} It's based on the Pembatas indie that Sakisf posted. If I undersand it correctly, it shows a histogram of how often the chosen instrument was at a given price during the selected period. But what I did was try to emulate something that Infinitus did with volume (because they both have to be counting ticks, since that's what volume is in MT4) and I put it on the chart twice - once counting the ticks EUR was at a certain price during the upswing and once counting the ticks EUR was at a certain price during the downswing (or the part of in...
Could you please share your indi ?
  • #135,731
  • Jun 23, 2015 4:05am Jun 23, 2015 4:05am
Quoting hathor
H4 buy confirmation in 13 minutes (should do extreme move to invalidate it in such short time..) Time will tell.
Its kool that 2 people ,watching the same tf chart , see 2 different things . I see this 4hr close as a confirmation of a trend changing ,which would give me a short bias .
You can bet im not going against your trade !! You are not getting anymore of my pips this week

peace
Peace
  • #135,732
  • Jun 23, 2015 4:09am Jun 23, 2015 4:09am
Quoting verified
{quote} Could you please share your indi ?
It's not mine. The credit for sharing it goes to Sakisf, here http://www.forexfactory.com/showthre...84#post8314984
  • #135,733
  • Jun 23, 2015 4:11am Jun 23, 2015 4:11am
Quoting MissPips
{quote} It's based on the Pembatas indie that Sakisf posted. If I undersand it correctly, it shows a histogram of how often the chosen instrument was at a given price during the selected period. But what I did was try to emulate something that Infinitus did with volume (because they both have to be counting ticks, since that's what volume is in MT4) and I put it on the chart twice - once counting the ticks EUR was at a certain price during the swing up from the bottom to now and once counting the ticks EUR was at a certain price during the downswing...
If you want to mark the important areas automatically you can use the other indi (tporange v3) and add tpo sensitivity to around 15. But you need very good tick data from the mt4 provider. Sierra does it better, I don't use the tick data there but 1m to reduce cpu & ram overhead, as it points all peaks in valleys with volume by price with the desired sensitivity (same histogram as pembatas). Price histo is excellent for scalping in range mode and good to acquire targets when it enters trend mode again.

Quoting MissPips
{quote} It's not mine. The credit for sharing it goes to Sakisf, here http://www.forexfactory.com/showthre...84#post8314984
Not mine either Picked it up from an Indonesian site (http://ysnoorfx.blogspot.com).
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  • #135,734
  • Jun 23, 2015 4:13am Jun 23, 2015 4:13am
Quoting build11
{quote} Its kool that 2 people ,watching the same tf chart , see 2 different things . I see this 4hr close as a confirmation of a trend changing ,which would give me a short bias . You can bet im not going against your trade !! You are not getting anymore of my pips this week peace
It can go against my signals for a while (for example it might take out FOMC low before turn) + every system/strategy can fail sometimes, nothing is 100% sure.
So I don't want to be a Bear Party Pooper.
f(z)=z2+c
  • #135,735
  • Jun 23, 2015 4:13am Jun 23, 2015 4:13am
Quoting MissPips
{quote} It's not mine. The credit for sharing it goes to Sakisf, here http://www.forexfactory.com/showthre...84#post8314984
Thank you very much. So I suggest you drew the Magenta lines by yourself
  • #135,736
  • Jun 23, 2015 4:16am Jun 23, 2015 4:16am
Quoting build11
{quote} Its kool that 2 people ,watching the same tf chart , see 2 different things . I see this 4hr close as a confirmation of a trend changing ,which would give me a short bias . You can bet im not going against your trade !! You are not getting anymore of my pips this week peace
Here's the funny part. I agree with both of you. Agree with Hathor that a bounce is coming now although I can't see how he reads the H4 bar as confirming this. For me it's a bounce off a trendline and a fib area.

And I agree with you too. I think this low will get taken out, though right here is not the best place to short it.

( It reminds me of the joke about the rabbi mediating a dispute, and he after he hears the side of the first guy he tells him he's right. Then he hears the second guy, and he tells him, "You're also right" . And then his wife hears this and she says, "but they can't both be right". And he says "you know what, you're right too."

Ranges... everybody gets to be right sooner or later until they break...
  • #135,737
  • Jun 23, 2015 4:17am Jun 23, 2015 4:17am
Quoting verified
{quote} Thank you very much. So I suggest you drew the Magenta lines by yourself
Yes. But I drew them based on the two histos that resulted from the indie.
  • #135,738
  • Jun 23, 2015 4:18am Jun 23, 2015 4:18am
Quoting MissPips
{quote} Yes. But I drew them based on the two histos that resulted from the indie.
  • #135,739
  • Jun 23, 2015 4:22am Jun 23, 2015 4:22am
Quoting sakisf
{quote} If you want to mark the important areas automatically you can use the other indi (tporange v3) and add tpo sensitivity to around 15. But you need very good tick data from the mt4 provider. Sierra does it better, I don't use the tick data there but 1m to reduce cpu & ram overhead, as it points all peaks in valleys with volume by price with the desired sensitivity (same histogram as pembatas). Price histo is excellent for scalping in range mode and good to acquire targets when it enters trend mode again. {quote} Not mine either Picked it...
Thanks. After I had this idea I noticed that you had red and green lines on your chart that looked a lot like mine but nicer,
and I was wondering how you got them
  • #135,740
  • Jun 23, 2015 4:24am Jun 23, 2015 4:24am
[quote=MissPips;8341348]{quote} Here's the funny part. I agree with both of you. Agree with Hathor that a bounce is coming now although I can't see how he reads the H4 bar as confirming this. EDIT

I just use a simple trend line of the lows . ( i know very subjective ) my cross was at 1.1290 (around 6 hrs ago )

peace
Peace
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