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The Really Useless Thread

  • #142,541
  • Edited 11:11am Aug 19, 2016 10:53am | Edited 11:11am
My mid-term outlook, and the one I'm currently trading due to my short term failure....

Entries @ 1.1357 with ST: 1.1650 TP1: 1.0838 TP2: 1.0709 TP3: 1.0579 (Max R:R is 3:1)

I decided my chart is too confusing, I will post a new one this evening with proper fibs for those that do not utilize mofu
  • #142,542
  • Edited 11:33am Aug 19, 2016 11:11am | Edited 11:33am
Quoting Pharm0r
isnt what you are looking for..will clean up chart when I get home {image}
Excellent. Too much info ...

I will bastardize your map to make the fibs tradable in this iteration.

=> ...and finally a shout @IMARICH1 that started all these iterations.

We need the 3 levels for the mid term map in the euro. Top, Bottom and flip. Don't care if right, wrong or whatever. An I don't know is not acceptable.

Come on jump in and call them so we can open the iteration.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,543
  • Aug 19, 2016 11:26am Aug 19, 2016 11:26am
-> A mid term outlook takes weeks to months !!!! to pan out initially while to fully complete a mid term swing it can take over a year (or more depending on volatility). This makes very hard to translate a good direction analysis in to actual trading because the TIME required is very hard to understand in a static chart and thats why is seldom recommended to trade alone raw mid term swings but use them as key to success (direction) trading the inner ebb and flows ...

Sisse's quote ^

this may add some insight into what I was talking about with NorthTrader earlier. My short term inner ebb and flows have failed, but the mid term has not....if my stops and leverage are based off mid term- that doesn't necessarily mean my inner ebb and flow trades have to end red...perhaps waiting for the mid term to play out will turn them green if leverage and time allow
  • #142,544
  • Aug 19, 2016 11:30am Aug 19, 2016 11:30am
I am in for alternative 3. ( In practise I been using something close to mofu on 4H TF ) But try to discipline myself to wait to confirmed rejection and also look daily and weekly charts more close . Actually no need to pick top and bottom but I find it difficult in practice.

Are in DD after this EU squeeze but are not uncomfortable atm with it as I use low leveraged trades. Reversal is around the corner. Just need to wait and find the correct corner .
Trading in the shadow of SM
  • #142,545
  • Aug 19, 2016 11:38am Aug 19, 2016 11:38am
Quoting Pharm0r
-...My short term inner ebb and flows have failed, but the mid term has not....if my stops and leverage are based off mid term- that doesn't necessarily mean my inner ebb and flow trades have to end red...perhaps waiting for the mid term to play out will turn them green if leverage and time allow
I know exactly what you are doing. IMO, its nothing wrong except if you are wrong in the direction, but thats the bet and risk we take every time we place a trade. The rest is just proper money and risk management as it 90% of time should be in trading ....

Don't want to go in details about the mid term leg in Euro just yet until we close the table ...we'll exchange some comments on the actual trade later...

sisse

PS: a 2nd Shout @IMARICH1 if you are round for the levels...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,546
  • Aug 19, 2016 11:41am Aug 19, 2016 11:41am
Attached Image
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  • #142,547
  • Aug 19, 2016 11:42am Aug 19, 2016 11:42am
pharm0r better gets the levels too, becouse we cannot know when IMARICH will come back. He probably has to take a step back, he is frustrated now which is understandable, but just needs his time to digest things. He will be fine in the end.

Our excercises will only help him ...and will stay here for him to read when he is 100% ready again.
PVSRA
  • #142,548
  • Aug 19, 2016 11:49am Aug 19, 2016 11:49am
Quoting Fisher755
pharm0r better gets the levels too, becouse we cannot know when IMARICH will come back. He probably has to take a step back, he is frustrated now which is understandable, but just needs his time to digest things. He will be fine in the end. Our excercises will only help him ...and will stay here for him to read when he is 100% ready again.
I don't think he will quit... but in any case, lets activate plan b just in case. Why don't you jump on board and give us the mid term map. Top range, Bottom range and Flip nothing more, nothing less ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,549
  • Edited 12:07pm Aug 19, 2016 11:56am | Edited 12:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiDaily.png Size: 74 KB

Sorry, edited.

Quoting Fisher755
{image} Sorry, edited.
Hope it is better now.

Of course he will not quit, but he needs a step back and a brake from charts to easier see the trading trees.
Ah, he just came back. IMARICH, you are welcome to set the levels for EU. On your chart.
PVSRA
  • #142,550
  • Aug 19, 2016 12:09pm Aug 19, 2016 12:09pm
Here's what I got if you want another one.
Attached Image (click to enlarge)
Click to Enlarge Name: Map1.jpg Size: 69 KB
  • #142,551
  • Aug 19, 2016 12:09pm Aug 19, 2016 12:09pm
Quoting Fisher755
{image} Sorry, edited. {quote} Hope it is better now. Of course he will not quit, but he needs a step back and a brake from charts to easier see the trading trees. Ah, he just came back. IMARICH, you are welcome to set the levels for EU. On your chart.
Quoting goosebone
Here's what I got if you want another one. {image}
Quoting littleone
My view on a mid term neutral outlook. {image}
Perfect thx...Interesting how such simple exercise can be seen from so different perspective ...

@ IMARICH1 I see you are here ...come on jump in with the levels so we can open the iteration before is too late today...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,552
  • Aug 19, 2016 12:11pm Aug 19, 2016 12:11pm
My view on a mid term neutral outlook.
Attached Image (click to enlarge)
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  • #142,553
  • Aug 19, 2016 12:18pm Aug 19, 2016 12:18pm
Imarich might be reading the earlier posts which he just missed ... I am 100% sure he is not missing a single post .... 
 
Waiting waiting waiting .... 
Re-Incarnated
  • #142,554
  • Aug 19, 2016 12:31pm Aug 19, 2016 12:31pm
Inserted Video
  • #142,555
  • Aug 19, 2016 12:36pm Aug 19, 2016 12:36pm
Appreciate all the advice and comments. Yes, I'm here. Can't concentrate as Im moving today. Not because of my account but for my daughter. Moving to her college town now so moving today.

I would love to participate. But, can't really. I would have said Fibs! And, sometimes MA. Price usually always retraces at least 50%. Anyways, my map is broke. I won't blow my account but lose a lot more than I wanted holding into EU in last dip. I would have made a little profit but I waited for .07xx. Now, I hurt myself with his FLIP and Outlook change.

My my levels have been .1240, .1165, .1080 and .097x for now with a peek at .074x.

I am hoping this was the squeeze and this will be a wick for weekly. But since we passed the FLIP I WILL PROBABLY be in trouble. No data to move it in my direction and thin market along with YEN on edge of cliff.

I mi will watch your replys as I work. I need to take a seat and sit in time out. Rocky Balboa got knocked down hard and needs a breather if he is going to
  • #142,556
  • Edited 12:51pm Aug 19, 2016 12:40pm | Edited 12:51pm
Quoting goosebone
https://www.youtube.com/watch?v=BmErRm-vApI
Cool song, thanks. Masterpiece.

Quoting IMARICH1
Appreciate all the advice and comments. Yes, I'm here. Can't concentrate as Im moving today. Not because of my account but for my daughter. Moving to her college town now so moving today. I would love to participate. But, can't really. I would have said Fibs! And, sometimes MA. Price usually always retraces at least 50%. Anyways, my map is broke. I won't blow my account but lose a lot more than I wanted holding into EU in last dip. I would have made a little profit but I waited for .07xx. Now, I hurt myself with his FLIP and Outlook change. My my...
We are with you and most of us if not all been there...so we know how you feel and can tell you that the soup is hot currently, but your loss will hurt less and you will recover and become stronger and wiser and much better trader.
PVSRA
  • #142,557
  • Aug 19, 2016 1:01pm Aug 19, 2016 1:01pm
Still looking for a map..?
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  • #142,558
  • Aug 19, 2016 1:06pm Aug 19, 2016 1:06pm
Quoting IMARICH1
Appreciate all the advice and comments. Yes, I'm here. Can't concentrate as Im moving today. Not because of my account but for my daughter. Moving to her college town now so moving today. I would love to participate. But, can't really. I would have said Fibs! And, sometimes MA. Price usually always retraces at least 50%. Anyways, my map is broke. I won't blow my account but lose a lot more than I wanted holding into EU in last dip. I would have made a little profit but I waited for .07xx. Now, I hurt myself with his FLIP and Outlook change. My my...
Dont worry dude ... We have at one of time all gone through the same situation .. Your all shorts will be cleared ... Just be sure next time don't do same mistake ... It's purely a game of "learning from ur mistakes" Indeed you should be throwing party when you get rid of your shorts... And sisse will be the chief guest ... 
Re-Incarnated
  • #142,559
  • Edited 1:32pm Aug 19, 2016 1:13pm | Edited 1:32pm

+++++Opening 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?

Currently Euro trading @ 1.132x


This iteration is a live trading set variation with NO R:R defined. It's titled: " Retrace or Reversal PART II - Frustration, Price & Indicators" and its aim to put price and indicators entries side by side in the context of trading direction.

--> Choose your poison ASAP. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all. Updates will come in later...

->The options

Long or Short. There are 3 potential entries (Fibs / Stochastic / and Price only). You just need to choose buy or sell. We'll compare at the end was the best option or if all failed. All are daily for triggers

FIBS
Longs -> First retrace to 50% area (meaning inside 38.2% / 61.8%)
Shorts -> Close back 23.6%
Attached Image (click to enlarge)
Click to Enlarge Name: fibup.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: fibsell.png Size: 44 KB


Stochastic
Longs and Shorts / First Crossover on oversold/overbought or a crossover in the 50% line whatever come first.
Attached Image
Attached Image


Pure Price
Longs: First Simple rejection of high
Shorts: First Simple rejection of low

Attached Image
Attached Image


-> The Targets

Targets are variable in ticks from entry for this iteration as follow:

BUY: T1 +100 -> T2 +200 -> T3 +300 -> Homerun 1.190x
SELL: T1 -100 -> T2 -200 -> T3 -300 -> Homerun 1.070x

-> The stops

Fibs: Next/Previous Fib line after trigger
Stochastic: Last swing high/low from crossover + a dozen ticks after trigger
Pure Price: Last high/low from signal + a dozen ticks after trigger

-> The map defined as follow since IMARICH1 decided to pass in the map:

I randomly choose 1 level for each of the other maps:

Bottom: 1.070x from Fisher755
Top: 1.146x from goosebone
Flip: 1.080x from littleone

Attached Image (click to enlarge)
Click to Enlarge Name: map19.png Size: 90 KB


--> Decision is very simple call. You go long or short. Triple play for each entry and that will pretty much settle the standing table for the last iteration ....

GL all

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,560
  • Aug 19, 2016 1:19pm Aug 19, 2016 1:19pm
Quoting sisse
+++++Opening 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? Currently Euro trading @ 1.132x This iteration is a live trading set variation with NO R:R defined. It's titled: " Retrace or Reversal PART II - Frustration, Price & Indicators" and its aim to put price and indicators entries side by side in the context of trading direction. --> Choose your poison ASAP. Any lurkers...
Short ... Pure price ...Â
Re-Incarnated
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