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The Really Useless Thread

  • #140,601
  • May 20, 2016 4:30pm May 20, 2016 4:30pm
Quoting sisse
{quote} I agree on the second part. There is no need to adjust the bottom map yet. No reason to do it . On the first part. Well your outlook is short mine is neutral since a couple of months now... {quote} It doesn't matter even better. Let me give you an extra and very simple but powerful exercise (anybody can jump in) again to try to see markets and especially TA from a different perspective: Forget about everything else NO FA, TA no nothing. This is the current Monthly candle: +++ Simple exercise to evaluate if your assumptions about direction...
e. it doesnt matter
  • #140,602
  • Edited 4:42pm May 20, 2016 4:32pm | Edited 4:42pm
If I understand the question correct I think the correct answer is:

I would have mid term outlook Buy at close above the red area ( C)
I would have mid term outlook Sell at close below the green area ( A )
I would have mid term outlook Neutral at close in the orange area ( B )

Which then means I will have Neutral outlook atm. (B)
Trading in the shadow of SM
  • #140,603
  • May 20, 2016 4:33pm May 20, 2016 4:33pm
Quoting Grinsakh
orange area
for which

sell/neutral/buy
  • #140,604
  • Edited May 21, 2016 4:15pm May 20, 2016 4:37pm | Edited May 21, 2016 4:15pm
with mid term outlook sell: close below low of last candle
with mid term outlook neutral: around mid of last candle
with mid term outlook buy: Close above high of last candle

School me. feels like a shot in the dark.
  • #140,605
  • May 20, 2016 4:51pm May 20, 2016 4:51pm
orange area for me - pretty neutral at the moment.
  • #140,606
  • May 20, 2016 5:02pm May 20, 2016 5:02pm
Anywhere..doesn't matter..your outlook is your outlook
  • #140,607
  • May 20, 2016 5:22pm May 20, 2016 5:22pm
according last NFP
according SELL MAY
inside green and sell
  • #140,608
  • May 20, 2016 5:24pm May 20, 2016 5:24pm
Outside candle, green area, short medium term
  • #140,609
  • May 21, 2016 4:45am May 21, 2016 4:45am
green area buy bias, red area sell bias, neutral orange area.
don't predict direction, but dance with flow of water
  • #140,610
  • Edited 2:41pm May 21, 2016 1:44pm | Edited 2:41pm
EDIT: This was my ORIGINAL answer:

If my OUTLOOK is SELL then:
a. Around the green area (an Engulfing candle from top to bottom) -> A close below the last candle low

If my OUTLOOK is NEUTRAL then:
b. Around the orange area (an Outside candle with both top and bottom rejected) -> A close in the body around the last candle middle

If my OUTLOOK is BUY then:
c. Around the red area (a Rejection candle of lows) -> A close above the last candle high

And, for some reason sisse I thought your OUTLOOK in EU MID TERM was SELL originally due to .097X being taken. Thought your SHORT ERM was BUY to NEUTRAL. I must have fallen asleep behind the wheel.......

STUDYING RIGHT NOW.....as I think my view will change if I figure something out that I am questioning....I am thinking this MONTHLY CANDLE may be used for a SHORT TERM view but NOT MID TERM unless its at a certain level for a FLIP MID TERM.........be back

BUT: (My ANSWER has switched to D....It doesn't matter-IRRELEVANT and here is why................)

In OUTLOOK SELL MID TERM you can SELL at EXTREMES and CENTER in DIRECTION OF OUTLOOK..so, if OUTLOOK is SELL and PRICE is at the TOP (extreme) or MIDDLE then you can still sell. I would like to see the MONTHLY CLOSE below the last MONTHLY CLOSE; but, as my chart shows it didn't make difference when BEARS closed below December BULL candle in January and most were all looking for MID TERM TO BEGIN. I remember the .097X very well.
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  • #140,611
  • May 21, 2016 2:47pm May 21, 2016 2:47pm
Just use mofu
  • #140,612
  • May 21, 2016 2:54pm May 21, 2016 2:54pm
Quoting Pharm0r
Just use mofu
​

anything for you on UJ? I'm guessing your waiting for 1.116x for EU?
  • #140,613
  • May 21, 2016 7:41pm May 21, 2016 7:41pm
Quoting goosebone
{quote} I been searching all day can't find nothing about mofu. Google just gives me some guy from Cheers. {image}
LMAO , mofu stands for motherfu*%er , gatorinla is its inventor , you won't find anything on google
Get Rich or Die Tryin
  • #140,614
  • Edited 8:47pm May 21, 2016 7:54pm | Edited 8:47pm
Quoting hoom
{quote} LMAO , mofu stands for motherfu*%er , gatorinla is its inventor , you won't find anything on google
Just a stupid joke pal. Figured Saturday was ok for that. Have a good weekend.
  • #140,615
  • May 21, 2016 8:48pm May 21, 2016 8:48pm
Quoting Don96
{quote} ​ anything for you on UJ? I'm guessing your waiting for 1.116x for EU?
110.35 is the lower mofu of a norm you'll see on the daily- leg before last.

UJ already completed a very large norm for 77.97 min (monthly)....close enough that I'll consider it a serious contender. That would bring about 1.247x in EU most likely

I longed EU already, but 1160 is expected
  • #140,616
  • May 22, 2016 2:32am May 22, 2016 2:32am
Quoting goosebone
{quote} I been searching all day can't find nothing about mofu. Google just gives me some guy from Cheers. {image}
You should have searched on FF http://www.forexfactory.com/showthre...59#post4065159
Trading in the shadow of SM
  • #140,617
  • May 22, 2016 3:58am May 22, 2016 3:58am
Quoting Pharm0r
{quote} 110.35 is the lower mofu of a norm you'll see on the daily- leg before last. UJ already completed a very large norm for 77.97 min (monthly)....close enough that I'll consider it a serious contender. That would bring about 1.247x in EU most likely I longed EU already, but 1160 is expected
yeah ive longed EU a few times too many, and likewise wise UJ, only small positions with tiny stops, currently short from 110.48 and 110.18,
  • #140,618
  • Edited 4:50am May 22, 2016 4:37am | Edited 4:50am
Quoting Earleone
{quote} You should have searched on FF http://www.forexfactory.com/showthre...59#post4065159
Lol Tough crowd. I guess my sense of humor needs work. Maybe I'll delete that post before someone else takes it serious. Thanks a lot for the tip though.
  • #140,619
  • May 22, 2016 9:27am May 22, 2016 9:27am
Quoting goosebone
{quote} Lol Tough crowd. I guess my sense of humor needs work. Maybe I'll delete that post before someone else takes it serious. Thanks a lot for the tip though.
i got it
  • #140,620
  • May 22, 2016 10:11am May 22, 2016 10:11am
Quoting Pharm0r
{quote} i got it
mission accomplished
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