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The Really Useless Thread

  • #140,061
  • Apr 22, 2016 9:39am Apr 22, 2016 9:39am
Quoting primejarvis
cheap tickets for buying .... i am in ....
​If you bought UJ, there is actually a retracement that may go to 110. I think!
  • #140,062
  • Apr 22, 2016 10:26am Apr 22, 2016 10:26am
Quoting Fadhl
{quote} ​If you bought UJ, there is actually a retracement that may go to 110. I think!
Sorry I only trade eurxxx .... 125x - 121x is really a good zone to buy ...targets can be seen in my back posts ... U can check ..
Re-Incarnated
  • #140,063
  • Apr 22, 2016 10:33am Apr 22, 2016 10:33am
Quoting primejarvis
cheap tickets for buying .... i am in ....
what range are you looking at? short, mid, long?
  • #140,064
  • Apr 22, 2016 11:24am Apr 22, 2016 11:24am
Quoting Pharm0r
{quote} what range are you looking at? short, mid, long?
My minimum target 1.16 extension to 1.20xx ... ( you can say it a mid range) what's ur view on eu
Re-Incarnated
  • #140,065
  • Apr 22, 2016 11:30am Apr 22, 2016 11:30am
Quoting primejarvis
{quote} My minimum target 1.16 extension to 1.20xx ... ( you can say it a mid range) what's ur view on eu
Lol look a couple of posts back for his view with very nice charts. But you're forgiven, it's friday, time to get relaxed.
  • #140,066
  • Apr 22, 2016 11:35am Apr 22, 2016 11:35am
Quoting primejarvis
{quote} My minimum target 1.16 extension to 1.20xx ... ( you can say it a mid range) what's ur view on eu
primejarvis, sorry to say this but you are not learning from Sisse posts !!
Get Rich or Die Tryin
  • #140,067
  • Apr 22, 2016 11:41am Apr 22, 2016 11:41am
Cleared my EU shorts on the new low, normally there is a bounce after a new low- which should offer me another short within 6 pips of my original

Will be dependent on timing next week

Thanks for the insights this week sisse, I think I will be pitching my tent here over the next few months to participate and further hone my fundamental game plans and timing
  • #140,068
  • Apr 22, 2016 11:46am Apr 22, 2016 11:46am
Quoting primejarvis
{quote} My minimum target 1.16 extension to 1.20xx ... ( you can say it a mid range) what's ur view on eu
Mine is a few posts higher, according to mine you were on a micro TF, however; after your PM I see you are trading a much larger (and out of my personal scope) swing

For me, if 1.1115 gets a good reaction (or lower in the 1.09xx), then 1.17xx should be tested, which is all part of a much longer road to 1.247x that was posted about early in the year in a conversation with sisse, but- as sisse correctly pointed out at the time, that swing is much too large for a single bite

My current shorts are in anticipation of getting a long in which I can hold for the 1.17xx test
  • #140,069
  • Apr 22, 2016 11:54am Apr 22, 2016 11:54am
Quoting ExForX
{quote} Lol look a couple of posts back for his view with very nice charts. But you're forgiven, it's friday, time to get relaxed.
For me discussion matters .... Rest time will answer your reply/ response
Re-Incarnated
  • #140,070
  • Apr 22, 2016 11:58am Apr 22, 2016 11:58am
Quoting Pharm0r
{quote} Mine is a few posts higher, according to mine you were on a micro TF, however; after your PM I see you are trading a much larger (and out of my personal scope) swing For me, if 1.1115 gets a good reaction (or lower in the 1.09xx), then 1.17xx should be tested, which is all part of a much longer road to 1.247x that was posted about early in the year in a conversation with sisse, but- as sisse correctly pointed out at the time, that swing is much too large for a single bite My current shorts are in anticipation of getting a long in which I...
I am a long time player I use to forget the trades after its placed ... But trust me from a big picture you will get a much better alignments/levels... History Nevers lies and let me tell u I don't use any indicators mine is always a plain chart ... We will have a chat later... On the levels ...
Re-Incarnated
  • #140,071
  • Apr 22, 2016 12:18pm Apr 22, 2016 12:18pm
Quoting Pharm0r
{quote} Mine is a few posts higher, according to mine you were on a micro TF, however; after your PM I see you are trading a much larger (and out of my personal scope) swing For me, if 1.1115 gets a good reaction (or lower in the 1.09xx), then 1.17xx should be tested, which is all part of a much longer road to 1.247x that was posted about early in the year in a conversation with sisse, but- as sisse correctly pointed out at the time, that swing is much too large for a single bite My current shorts are in anticipation of getting a long in which I...
If 1.105xx got a hit ... A test of .08xx test is expected ... But in my view I really don't see it happening rest what can I say it's forex.... Expect the unexpected...
Re-Incarnated
  • #140,072
  • Apr 22, 2016 12:33pm Apr 22, 2016 12:33pm
Quoting Pharm0r
Cleared my EU shorts on the new low, normally there is a bounce after a new low- which should offer me another short within 6 pips of my original Will be dependent on timing next week Thanks for the insights this week sisse, I think I will be pitching my tent here over the next few months to participate and further hone my fundamental game plans and timing
It can go straight to next area, but in the case of a bounce, where would you like to load shorts again??
  • #140,073
  • Edited 3:05pm Apr 22, 2016 12:40pm | Edited 3:05pm
Quoting Lavanda
{quote} It can go straight to next area, but in the case of a bounce, where would you like to load shorts again??
Between 1.1335 and 1.1363 (these corrected)

Agreed, it could go straight to next area- but most times it wont...if it does I already have a plan in place (just need to get the timing right- which is why I'm here)

edit: this is usually how the bounce would start in the chart shown, timing-wise- I'd like to see the German info on Monday and US tuesday give me the entry. Seems like inline or better would be enough to give me the bounce- but not near enough to kill the 1.1400 resistance. In my eyes, that will only be killed through the FOMC at this point....

When I exited, I tried to keep sisse's words in mind from here....

Quoting sisse
{quote}NOBODY will get tick top to tick bottom. If you manage to start grabbing 50% of 60% of the potential range you should be very very happy. You don't need more !!!!. --> Don't forget that you (at least I and I think most without much effort) have nearly +12500 instruments to trade in a mouse click !!!!!! and thats without counting infinite combination of possibilities if you trade Options like TheFool here. -->
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  • #140,074
  • Edited 3:53pm Apr 22, 2016 3:26pm | Edited 3:53pm
Final questions:
-> Are you trading what you preach with the outlooks?
-> Can you spot the flip in this chart?

I hope it trigger something useful ...

sisse

1. No, I am not. The trade I should have taken in NEUTRAL OUTLOOK at .1290 would or should have been neither (SHORT or LONG)! I took a trade again at the CENTER of the range. Last time I lucked out and PA went from .1290 to .1390. I talked about how you trade the extremes to the target but not the center. I have once again taken a trade from the CENTER.

I should have been neutral on this trade. You lured me in and I took the bait. Hopeless it seems..............

If I win again on this trade; then, I am lucky. Weird how I can get lucky with no money truly lost or gained or but lose or am unlucky more with my own trades or money. Hopefully, learning this will pay off. I appreciate your help and allowing me to see this more clearly.

2. Couldn't see the FLIP on the DAY chart. I stepped back and looked at the WEEK Chart. I see .1065 being the FLIP. PA keeps going to it and either reversing or going thru........

Have a good weekend!
  • #140,075
  • Apr 22, 2016 4:05pm Apr 22, 2016 4:05pm
Quoting sisse
1. Why do you think 1.139x held? ...what do you think are the odds that we have set the high of the week and the handle will hold the week? Zero? 50/50 or 100% [check]
Quoting sisse
...watch-out 1.139x for the zigzag play [check] with the questions ...
Quoting sisse
.... Losing 1.127x [check] for the open unlocks momentum for the european close ....until then nothing to see there.
Quoting sisse
...things look rather shaky for the euro after the opening range ...watch-out for the floor with Europe going home [check]...
...and we rolled 1.121x bears held steady. No surprises in a rather simple and direct day. FED in play next week expecting the FX board to die down to a standstill on the European opening on Monday .... until then ...same levels, same trades, same all....

Quoting IMARICH1
Final questions: -> Are you trading what you preach with the outlooks?...You lured me in and I took the bait. Hopeless it seems....If I win again on this trade; then, I am lucky. ... Couldn't see the FLIP
You are not lucky ...IMHO you are v. good trader that need some risk boundaries and discipline to move to the next level thats it. BTW, the flip for the current short term swing is/was @ 1.134x ...have a look in detail at that one ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,076
  • Apr 22, 2016 4:06pm Apr 22, 2016 4:06pm
Quoting IMARICH1
I talked about how you trade the extremes to the target but not the center. I have once again taken a trade from the CENTER.
90% of the people that frequent the boards would not have admitted that (many of them red flags). You're well on your way to being a great trader imo
  • #140,077
  • Apr 22, 2016 4:30pm Apr 22, 2016 4:30pm
Thanks sisse and Pharm0r! Really appreciate those comments. I still don't feel confident yet or even a "good" trader. I just want to understand what you guys do. I believe you know when and where to look for something and I am watching everything like a Dog seeing a squirrel, or was that a leaf or was that a cat.....no squirrel.....ect.....that's how I feel watching the market. FA are so difficult for me to understand as I watch Oil, No Yen, No Gold, No DAX....no OIL....ect........

I couldn't even get the Daily range right on the D chart when asked. I didn't see it from .116x to .146X. I saw .1230 to .1467. I missed the FLIP as well. But maybe that FLIP zone is more for a MID TERM Map. But, .106X is something.....maybe not a FLIP but its a place PA does stop and reverse or it goes thru and comes back.

I see the FLIP now. And, perfect place for my STOP taking the .1290 SHORT to .1190.....still, should not have taken that trade. It would have been better to take a trade at .1344....the break out was at this top and PA came back and it acted as support for awhile....Now Resistance (FLIP).
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  • #140,078
  • Apr 22, 2016 5:02pm Apr 22, 2016 5:02pm
Quoting IMARICH1
Thanks sisse and Pharm0r! Really appreciate those comments.
....& well deserved!
The spoken word is your master, the unspoken word your slave.
  • #140,079
  • Apr 22, 2016 5:38pm Apr 22, 2016 5:38pm
I'm not good at the whens, I just know the wheres.

That's why I'm here...always more to learn and ways to improve
  • #140,080
  • Apr 23, 2016 1:01pm Apr 23, 2016 1:01pm
Quoting sisse
{quote} Have a good one mate... sisse PS: I wasn't kidding about the startup ...
anything ever come of this?
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