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The Really Useless Thread

  • #142,521
  • Aug 19, 2016 8:48am Aug 19, 2016 8:48am
Quoting sisse
{quote} --> Choose your FAVOURITE indicator for entries ASAP.
Not using any of these for a long while honestly. Been glancing at keltner channels but not specifically for entries. I guess if I had to pick from the list you can color me a Fib man. (but I promise not to post any pics of spiral seashells or tree branches)
  • #142,522
  • Aug 19, 2016 8:49am Aug 19, 2016 8:49am
Quoting Pharm0r
{quote} I was taught that is the correct way to trade :nerd:
Cool. Marks the first thing I got right all month
  • #142,523
  • Aug 19, 2016 8:52am Aug 19, 2016 8:52am
Quoting NorthTrader
{quote} Can we only choose one of those that you listed? I wouldn't use any of those personally.
Me neither.
PVSRA
  • #142,524
  • Aug 19, 2016 8:53am Aug 19, 2016 8:53am
mofus! i choose mofus!

(fibs)
  • #142,525
  • Aug 19, 2016 8:55am Aug 19, 2016 8:55am
Quoting Pharm0r
risk appetite is everything, and the approach mentioned isn't much different from equity trading if you think about it (minus of course the swap)
Thanks for the reply. Yes, I know you weren't trying to preach, just trying to be helpful as always. I wasn't trying to preach either even though it probably looks like it. It's very difficut on a forum with no body language to rely on!

And yes, I see what you mean about equities (long-term buy and hold with dollar cost averaging). But these positions are usually hedged with other long-term positions, such as bonds and/or gold, to soften the blow in equity downturns. You can hedge in FX too of course but I don't usually do that.
You reap what you sow.
  • #142,526
  • Aug 19, 2016 8:57am Aug 19, 2016 8:57am
Quoting sisse
{quote} The third e
c: pivots
  • #142,527
  • Aug 19, 2016 9:06am Aug 19, 2016 9:06am
Quoting sisse
{quote} {quote} It doesn't really matter if you use them. The point is selecting one for the iteration, that way is not trader/system bias or indicator/chart fitting in the trade. Obviously keeping it in the common and traditional ones so its easily understood for all (who hasn't plot one of those in a chart, innit...) @NorthTrader sure you can suggest but something simple and common. The point to show in this iteration is not about which indicator is good but the opposite, that even most sluggish...
Ok, then in neutral mid term the best is to use fibo for tracking the extreme and the distances.
PVSRA
  • #142,528
  • Aug 19, 2016 9:09am Aug 19, 2016 9:09am
Quoting sisse
sure you can suggest but something simple and common
Ah thanks. Actually it doesn't really matter because I have to bow out again now. Have to get up early again tomorrow. Ever feel like you're in the wrong timezone?
But for the record, the only price indicator I still use sometimes is Keltner Channels, entering at the mid-band after a retrace.
You reap what you sow.
  • #142,529
  • Aug 19, 2016 9:09am Aug 19, 2016 9:09am
d) Fibo for me!
  • #142,530
  • Aug 19, 2016 9:13am Aug 19, 2016 9:13am
Quoting sisse
{quote} ...which means?... we are in Neutral . We are here: {quote} {quote} This come from the yearly outlook so you need to put it on context. We have long term levels in play this year with major FA forces. Neutral was widely expected outlook for the end of year as we are set to form a wide choppy bottom meaning we will have a reducing wide volatility range but pretty much constrain to the current range. If you want to 'visualise' whats is going on with all long/mid and short term in neutral imagining a bouncing ball to standstill...basically...


Hi Sisse

My chart comes with many questions or hopefully none ! Its my interpretation of Mid/Long term Neutral... the thing that makes myself think its incorrect was yourself saying 55.xx unlocked.
So I am not sure if my range is right ? and not sure I my flip zone is right ?
Attached Image


many thanks
  • #142,531
  • Aug 19, 2016 9:14am Aug 19, 2016 9:14am
Quoting NorthTrader
{quote} Thanks for the reply. Yes, I know you weren't trying to preach, just trying to be helpful as always. I wasn't trying to preach either even though it probably looks like it. It's very difficut on a forum with no body language to rely on! And yes, I see what you mean about equities (long-term buy and hold with dollar cost averaging). But these positions are usually hedged with other long-term positions, such as bonds and/or gold, to soften the blow in equity downturns. You can hedge in FX too of course but I don't usually do that.
Agreed, and I'm glad you understand what I was trying to illustrate We'll leave it at that so we don't derail the thread any further
  • #142,532
  • Aug 19, 2016 9:15am Aug 19, 2016 9:15am
D) Fibo please
  • #142,533
  • Aug 19, 2016 9:20am Aug 19, 2016 9:20am
Ok so we have fibs so far, a couple of keltner and pivots. I am surprise about the lack of votes for traditional indicators especially with 2000 threads with indicator systems and etc ....I leave it open for a few more to see ...

sisse

Quoting nutts
{quote} Hi Sisse My chart comes with many questions or hopefully none ! Its my interpretation of Mid/Long term Neutral... the thing that makes myself think its incorrect was yourself saying 55.xx unlocked. So I am not sure if my range is right ? and not sure I my flip zone is right ? {image} many thanks
We'll get back to OIL in detail a bit later. I just want to wrap up this iterations so we can focus on more live trading and market analysis.

In general there is no such a thing of right or wrong. You need to make it yours and only yours.

On the actual areas in your chart not really have the same. Your flip in my view is last break out point, not a flip (at least from that chart), your bottom line is nothing in my chart except last lows for reference in thin air, the bottom of the range is bit higher around 34/35. The top cheap tickets is both top of the range and flip in this particular chart ...hope it helps ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,534
  • Aug 19, 2016 9:21am Aug 19, 2016 9:21am
(slow) stoch and RSI
  • #142,535
  • Aug 19, 2016 9:28am Aug 19, 2016 9:28am
lets say Bollingers/pivots
Get Rich or Die Tryin
  • #142,536
  • Aug 19, 2016 9:32am Aug 19, 2016 9:32am
sisse {quote} We'll get back to OIL in detail a bit later.

Its helps thanks and hurts thanks , going to spend the weekend going back over the lessons.

Cheers
  • #142,537
  • Aug 19, 2016 9:35am Aug 19, 2016 9:35am
...and thats was it for the opening range. Day looks set to close early. Europe going home without a move in US equities will kill the week.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,538
  • Aug 19, 2016 10:01am Aug 19, 2016 10:01am
I will go with option D .... 
Re-Incarnated
  • #142,539
  • Aug 19, 2016 10:06am Aug 19, 2016 10:06am
Quoting sisse
{quote} +++++Opening PRE table for the 9th Iteration in the second round to get in synch with the market +++++ -->Question 19: Choose your poison time in the Euro for the 3er time this year for the mid term swing. How would you position for a trade? This

+++++PRE table for the 9th Iteration in the second round to get in synch with the market +++++

" Retrace or Reversal PART II - Frustration, Price & Indicators"

-Question 19: Choose your poison time in the Euro for the 3er time this year for the mid term swing. How would you position for a trade?



Ok that was it. We are going to use 3 types of entries to cover the majority of TA options.

Remember this is just for the sake of entries in this iterations and not as part of a trading system, etc. The purpose of this iteration is compare price and indicator entries, how they work out in the contest of direction (reversal or Retrace) and how to take out emotions from trading to avoid getting frustrate when things don't work out as planned.

  1. Fibs won over pivots on price only indicators.
  2. I am adding a simple stochastic over MACD or others as benchmark of 90% of the indicators available for all traders without fancy TA or custom code, etc.
  3. and finally a Pure Price entry.


Before drawing the actual map for the iteration, the technicalities:

-> For FIBS. A shout @ Pharm0r (open for those masters in Fibs and Mofus, etc) to just call the range we need to cover for plotting the fibs for this iteration.

-> For OSCILLATORS. A simple slow stochastic crossover will do it. @nutts (open for those masters in Oscillators, etc) any other simple conditions or suggestions?

-> For PRICE ONLY We'll use the the one we discussed earlier in the iterations. A simple bar rejection of lows and highs will do the trick for both sides.

Any other comments are welcome. If nothing extra is needed, we'll jump directly to the iteration....

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,540
  • Aug 19, 2016 10:41am Aug 19, 2016 10:41am
Quoting sisse
{quote} +++++PRE table for the 9th Iteration in the second round to get in synch with the market +++++ " Retrace or Reversal PART II - Frustration, Price & Indicators" -Question 19: Choose your poison time in the Euro for the 3er time this year for the mid term swing. How would you position for a trade? Ok that was it. We are going to use 3 types of entries to cover the majority of TA options. Remember this is just for the sake of entries in this iterations and not as part of a trading system, etc. The purpose of this iteration is compare price...
Cool!
PVSRA
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