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The Really Useless Thread

  • #135,741
  • Jun 23, 2015 4:59am Jun 23, 2015 4:59am
Quoting MissPips
{quote} I have this one. ( It is an H1 one so it could be lying, but that was a pretty nice looking cross) {image}
By the book. I'm not a to-the-pip person so I'm expecting a bounce somewhere in here soon
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  • #135,742
  • Jun 23, 2015 5:04am Jun 23, 2015 5:04am
[quote=build11;8341366]
Quoting MissPips
{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
Notice how Hathor went long at 1310 yesterday, and I said the mofu target is at least 122x, and we were both right. Timing is everything ....
  • #135,743
  • Jun 23, 2015 5:27am Jun 23, 2015 5:27am
[quote=MissPips;8341439]
Quoting build11
{quote} Notice how Hathor went long at 1310 yesterday, and I said the mofu target is at least 122x, and we were both right. Timing is everything ....
So true

If i may ask , how do you determine trend ?? Do you use a certain indi ? I dont use mt but if you use a indi , i could probaly research it and see if my platform has one similiar .

Thanks
peace
Dennis
Peace
  • #135,744
  • Jun 23, 2015 5:37am Jun 23, 2015 5:37am
Quoting MissPips
{quote} By the book. I'm not a to-the-pip person so I'm expecting a bounce somewhere in here soon {image}
bought off this, mine shows 12196 as mid

1291 is a sell.
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  • #135,745
  • Jun 23, 2015 6:30am Jun 23, 2015 6:30am
Quoting sisse
{quote} markets only look for 2 things since 2012: Avoiding disorganised default / avoiding uncertainty of a knee jerk reaction Stable bond markets in the periphery. ----> Market don't care about: If Greece default.
It's nice to see you popped in while vacationing "in the Hamptons". Thanks.
  • #135,746
  • Jun 23, 2015 6:50am Jun 23, 2015 6:50am
Prior engagement so gotta go .

This puppy should get real interesting when the US #s come out . Looks like decent #s are already factored in .

Hathor is driving the northbound bus so if you need a ride , she might stop and pick you up !!

Good trading all
Peace
  • #135,747
  • Jun 23, 2015 7:23am Jun 23, 2015 7:23am
Quoting Pharm0r
{quote} bought off this, mine shows 12196 as mid 1291 is a sell. {image}
What are you aiming with the blind entry? whats the hurry mate if you are aiming for the swing?...

Decent profit taking in the euro and back to square one for NY. Tracking 1.114x for the final Greek tweet [in this chapter] later this week and the final change to reload for the extension which will be the last rally of the year in the euro.

Clean here on the trailing after the break 1.127x....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,748
  • Jun 23, 2015 8:20am Jun 23, 2015 8:20am
Quoting sisse
{quote} What are you aiming with the blind entry? whats the hurry mate if you are aiming for the swing?... Decent profit taking in the euro and back to square one for NY. Tracking 1.114x for the final Greek tweet [in this chapter] later this week and the final change to reload for the extension which will be the last rally of the year in the euro. Clean here on the trailing after the break 1.127x.... sisse
Sisse, do you mind explaining why you called it profit taking instead of dollar strength, since the dollar index shows real strength?
  • #135,749
  • Edited 8:34am Jun 23, 2015 8:22am | Edited 8:34am
Quoting sisse
{quote} What are you aiming with the blind entry? whats the hurry mate if you are aiming for the swing?... Decent profit taking in the euro and back to square one for NY. Tracking 1.114x for the final Greek tweet [in this chapter] later this week and the final change to reload for the extension which will be the last rally of the year in the euro. Clean here on the trailing after the break 1.127x.... sisse
twas a scalp, nothing blind about it 5-20 pips on those

I'm more and more a fan of the MissPips way of thinking (in and out quickly), my buy/sell and hold account doesn't get much play in these zones or at all lately, and even so- greece bull-crap has been chopping accounts to pieces, havent played that account in over a week....just the scalping reboot
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  • #135,750
  • Jun 23, 2015 8:32am Jun 23, 2015 8:32am
Quoting ws121
{quote} Sisse, do you mind explaining why you called it profit taking instead of dollar strength, since the dollar index shows real strength?
Dollar was heavily sold for the FOMC play since late May. FOMC was a bit soft but not soft enough short term to break down (dollar) with the FED. Failure to take the floor on the weekly was a clear alert that we at least need a breather for a last attempt to crack it this year.

Why PT in the euro? well it just an expression to highlight that 6 failed attempt to break the top failed miserable (especially after last W close)....once we failed to hold last break out point in the european opening, lots of trailing stops gets triggered making the leg fast and deep as loaded buyers from below start selling on the rush ...

In any case, just in time for NY 1.114x tested.... nothing to see here until the close....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,751
  • Jun 23, 2015 8:38am Jun 23, 2015 8:38am
Quoting MissPips
{quote} By the book. I'm not a to-the-pip person so I'm expecting a bounce somewhere in here soon {image}
Well, that was quick. Two things of note here: Only a tiny 12 pip bounce at the second mid, it slammed right through the 175% and went straight to the 200% which hasn't been happening much lately. Speaks to bearish momentum, I'd say.
  • #135,752
  • Jun 23, 2015 8:42am Jun 23, 2015 8:42am
Quoting fxjawn
{quote} buddy what up? how are you? yea he is still alive bro how's your life man?
Hey jawn I'm good, switched over to trading options a year or so back, like it better. What you been up to? Good to hear ole Wulfgar still kickin, I figured maybe TPTB made him stop posting. Good to see you still around, too.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #135,753
  • Jun 23, 2015 8:42am Jun 23, 2015 8:42am
Quoting sisse
{quote} Dollar was heavily sold for the FOMC play since late May. FOMC was a bit soft but not soft enough short term to break down (dollar) with the FED. Failure to take the floor on the weekly was a clear alert that we at least need a breather for a last attempt to crack it this year. Why PT in the euro? well it just an expression to highlight that 6 failed attempt to break the top failed miserable (especially after last W close)....once we failed to hold last break out point in the european opening, lots of trailing stops gets triggered making...
Clear analysis.
Intraday only.
  • #135,754
  • Jun 23, 2015 8:43am Jun 23, 2015 8:43am
Quoting MissPips
{quote} Well, that was quick. Two things of note here: Only a tiny 12 pip bounce at the second mid, it slammed right through the 175% and went straight to the 200% which hasn't been happening much lately. Speaks to bearish momentum, I'd say.
almost cleared that too
  • #135,755
  • Jun 23, 2015 8:49am Jun 23, 2015 8:49am
Quoting Pharm0r
{quote} twas a scalp, nothing blind about it 5-20 pips on those I'm more and more a fan of the MissPips way of thinking (in and out quickly), my buy/sell and hold account doesn't get much play in these zones or at all lately, and even so- greece bull-crap has been chopping accounts to pieces, havent played that account in over a week....just the scalping reboot {image}
....

Trying to catch a small fish with a big boat is probably as dangerous and inefficient in trading as doing the opposite ... with the tools you are using, IMHO you have enough experience and ammunition to get a much more sustainable trading style and a lot better bang for the buck and risk rather than grabbing v. risky crumbs ....but hey as long as you are profitable ...

GL in your future trades...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,756
  • Jun 23, 2015 8:50am Jun 23, 2015 8:50am
[quote=build11;8341490]
Quoting MissPips
{quote} So true If i may ask , how do you determine trend ?? Do you use a certain indi ? I dont use mt but if you use a indi , i could probaly research it and see if my platform has one similiar . Thanks peace Dennis
I use a bunch of things - trendlines, moving averages and TDI/trix.

Mainly though I watch for a divergent high followed by a lower low with momentum and then a lower high (or vice versa) that retraces about 50% of that swing. What you have to remember though is that trend depends on your timeframe.

Yesterday I was looking at exactly that scenario on the 1 hour chart so and I didn't want to go long at 1310 (where previously on Friday I had agreed with Hathor in the thread that it would bounce) and I posted that at least 122x was the target because I thought that scenario I posted would play out, which it just has. But Hathor was right too,because in order to get lower highs on the higher timeframes, the 5m chart has to trend up, so a long scalp worked on a smaller tf.
  • #135,757
  • Jun 23, 2015 8:59am Jun 23, 2015 8:59am
Quoting sisse
{quote} .... Trying to catch a small fish with a big boat is probably as dangerous and inefficient in trading as doing the opposite ... with the tools you are using, IMHO you have enough experience and ammunition to get a much more sustainable trading style and a lot better bang for the buck and risk rather than grabbing v. risky crumbs ....but hey as long as you are profitable ... GL in your future trades... sisse
You're absolutely right. Absolutely. Have no problem admitting that. In full disclosure my scalping life has been shakey at best, a big flop at worst. It's an art I feel can be mastered.....the highest I've gotten using high leverage is 1200%.

This time around is 1/4 to 1/2 risk for 1%+ profit. And out. I can't speak to the sustainability of it yet,- because I simply havent had the account running long enough. Promising so far with only a week running, and so much less work. 30 mins today....an hour on Friday...with just checking in here and there. A few of those could have run for 10% profit or more, but I don't want to get in that habit of holding them, for fear I'll lose one and be discouraged. Rules are the rules.

Thank you for the complement. Really nice to hear. Will check back in a month with probably the same equity curve

The credit goes to Hatch (as does much of my semi-success) actually- got the idea from a spreadsheet he posted back in 2012
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  • #135,758
  • Jun 23, 2015 9:32am Jun 23, 2015 9:32am
Quoting sisse
{quote} Dollar was heavily sold for the FOMC play since late May. FOMC was a bit soft but not soft enough short term to break down (dollar) with the FED. Failure to take the floor on the weekly was a clear alert that we at least need a breather for a last attempt to crack it this year. Why PT in the euro? well it just an expression to highlight that 6 failed attempt to break the top failed miserable (especially after last W close)....once we failed to hold last break out point in the european opening, lots of trailing stops gets triggered making...
That is very insightful. Thank you sir
  • #135,759
  • Jun 23, 2015 10:33am Jun 23, 2015 10:33am
the fat lady still hasn't sung.
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  • #135,760
  • Jun 23, 2015 10:44am Jun 23, 2015 10:44am
1. Very juicy daily bear candle, the juiciest in June.
2. Disrespected H4 signal -> overstretched down move.
This can induce a Daily buy signal in this week -> Than D/W/M will aim in one direction without dark clouds (with Cecilia's words).

At near 1.13 bulls has been disappeared on H1, while bears were getting stronger and stronger in shorting-madness, so at least until 1.13 could be heavy shorting on the way up.
AB=CD sellers will heavily short the 1.124xx-8xx levels, this can also add fuel on the way up.
So overall I would like to see an up move with increasing short lot amount/ratio, and decreasing long lot amount/ratio.
f(z)=z2+c
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