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The Really Useless Thread

  • #142,581
  • Aug 19, 2016 2:32pm Aug 19, 2016 2:32pm
I don't know. I honestly don't know where I'm entering in this iteration. Can't figure it out. Pick one:fib, short. Where's the entry? at 38.2% retrace with stops at mid?
  • #142,582
  • Edited 3:56pm Aug 19, 2016 2:33pm | Edited 3:56pm
Still time today ....Second Call...

IN

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

-Iteration 19: " Retrace or Reversal PART II - Frustration, Price & Indicators"

Currently Euro trading @ 1.132x


BUY

DexterMorgan

PAStalker

yofi

Ghandi

hoom

mrcreosote

dhjeaavu69


SELL

Fisher755

primejarvis

nutts

ptoftangency

Earleone

Fadhl

RoelsMajor

goosebone

Pharm0r

eborn

suntan



@ Fisher755 and @ Pharm0r

Well it was a bit tricky to put all the points in one but if it pans out as I am expecting it will leave a massive source for information, discussion and future reference with just 1 simple live trade....

@goosebone

It doesn't matter where !!!!, thats the point. We are creating a mixed map with mixed TA methods for entry too:

1. Show that direction is everything.
2. Indicator vs Price only for entries
3. Taking out emotions from trading. No frustration. Either you are right or wrong...the rest should just be a 'formality' (not really but you get the point).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,583
  • Aug 19, 2016 2:49pm Aug 19, 2016 2:49pm
It doesn't matter where !!!!

Ok. I get you on that. Lets say for argument you thought we may go up from here by 100 pips give or take to test the top of range before heading back down. The entry and stop would determine completely your call of long vs. short no? Anyway, overthinking it probably as usual. Ill be happy to learn from this one as it will be quite the motherload of interesting comparisons by the end of it.
  • #142,584
  • Aug 19, 2016 2:57pm Aug 19, 2016 2:57pm
Quoting goosebone
It doesn't matter where !!!! Ok. I get you on that. Lets say for argument you thought we may go up from here by 100 pips give or take to test the top of range before heading back down. The entry and stop would determine completely your call of long vs. short no? Anyway, overthinking it probably as usual. Ill be happy to learn from this one as it will be quite the motherload of interesting comparisons by the end of it.
Once we close the table. The entries will enter in play:

1. Fibs. We plot the current daily swing high and low range. Whatever triggers first. If we fly 400 ticks up without any retrace no entry short or long will be trigger, etc
2. Stochastic. As soon as we get a crossover overbought/oversold or below/above 50 in lets say H4 to make it comparable at the same time of the fibs..entries will be trigger.
3. Price action...as long as we don't get a signal ...nothing will be trigger....if we don't get any signal and all traders are already out ...well no signal trigger ...

Point being. Is choose your poison time so I am forcing you to take an option right now.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,585
  • Aug 19, 2016 3:02pm Aug 19, 2016 3:02pm
I'm neutral today. We are in a neutral outlook so we sell at extremes. We are close to it but if midterm outlook is neutral it's just best i wait for now.
  • #142,586
  • Aug 19, 2016 3:06pm Aug 19, 2016 3:06pm
I'm still sell bias. My flip now is .1240. We are above it so I can't see selling unless we made a top in this freaking range for many many months.
  • #142,587
  • Aug 19, 2016 3:22pm Aug 19, 2016 3:22pm
Quoting IMARICH1
I'm still sell bias. My flip now is .1240. We are above it so I can't see selling unless we made a top in this freaking range for many many months.
This is emotions speaking out of you now, bro.
BTW, I noticed a while ago that as soon as I gave up on HTF shorts ( any instrument), the bastards sold it good. Pumped up well before to shake out of course.
Observe it once when you will be more distaned from all this EU crap now. But THAT is exactly the way they count you to feel, so don't give them the satisfaction.
The truth is, we cannot know where and when the price will go, but we have our probabilities and our trading plan. Suited for ourselves only.
PVSRA
  • #142,588
  • Aug 19, 2016 3:35pm Aug 19, 2016 3:35pm
A bearish weekly close in the Euro with bulls still holding the hand. We have a very light calendar until GDP / Jackson combo is aligning for a major mover and shaker (Janet slip of mouth like last year ???) to close the summer season and start the expected fireworks for September ...

For now is choose your poison time in the Euro and keeping a close eye in UJ sitting in imminent break down alerts all week long and it will be the other mover and shaker for the rest of the month.

On the rest of the board, nothing to see but same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,589
  • Aug 19, 2016 3:44pm Aug 19, 2016 3:44pm
But I must say, after recently mentioning how overwhelming it's becoming to track the data in these iterations, you just bit off a pretty big one with this. I know all here like me appreciate the effort you put in.
  • #142,590
  • Aug 19, 2016 3:46pm Aug 19, 2016 3:46pm
Interesting read the last few pages, plenty to think about, many thanks Sisse!

If the iteration is still open I'll sell please.
  • #142,591
  • Aug 19, 2016 4:03pm Aug 19, 2016 4:03pm
Last call...table remain open for the weekend so all have a chance to jump in ...

IN

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

-Iteration 19: " Retrace or Reversal PART II - Frustration, Price & Indicators"

Currently Euro trading @ 1.132x


BUY

DexterMorgan

PAStalker

yofi

Ghandi

hoom

mrcreosote

dhjeaavu69


SELL

Fisher755

primejarvis

nutts

ptoftangency

Earleone

Fadhl

RoelsMajor

goosebone

Pharm0r

eborn

suntan

CommercialB


@goosebone

Yeap ...not sure how is going to work out ....I may need some extra eyes to track it so feel free (you or anybody else) to keep an eye during live trading. I already have the last iteration in mind that will settle the top 20 and wrap up this conversation hopefully on a high ...

@ Pharm0r

I still need the Fib range ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,592
  • Aug 19, 2016 4:04pm Aug 19, 2016 4:04pm
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 ->The options Long or Short. There are 3 potential entries (Fibs / Stochastic / and Price only). You just need to choose buy or sell. sisse
Sell .....GREAT work again sisse, thanks
The spoken word is your master, the unspoken word your slave.
  • #142,593
  • Edited 4:41pm Aug 19, 2016 4:26pm | Edited 4:41pm
I don't know how you determine this a bearish close Sisse. Day chart and what determines it? In neutral you Sell at extremes. We are claw to it and YEN held. F it, SELL if i can still enter.

anyways my Map is this since I am resting for a minute
Top: 138x
Flip: 118x
Bottom 074x and Momentum Line.
  • #142,594
  • Aug 19, 2016 4:27pm Aug 19, 2016 4:27pm
Be happy to help any way I can.
On the fibs seems you almost need two? In the sense that which way you pull that range is in itself a call on direction? Over complicating it prolly. (I guess those are the answers fibonacci don't give you but mofu does )
  • #142,595
  • Aug 19, 2016 4:40pm Aug 19, 2016 4:40pm
Quoting IMARICH1
I don't know how you determine this a bearish close Sisse. Day chart and what determines it? In neutral you Sell at extremes. We are claw to it and YEN held. F it, SELL if i can still enter.
No, I said Bearish WEEKY close not daily....daily held again...check your PM.

"A bearish weekly close in the Euro with bulls still holding the hand."

Quoting goosebone
Be happy to help any way I can. On the fibs seems you almost need two? In the sense that which way you pull that range is in itself a call on direction? Over complicating it prolly. (I guess those are the answers fibonacci don't give you but mofu does )
Thats why i ask @ Pharm0r to give me a range but feel free to chip in to see how it work best.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,596
  • Aug 19, 2016 5:19pm Aug 19, 2016 5:19pm
Sorry guys, had to recreate an old fib as I do most of it in my head now

The percentages are broken down in black as well for normal fibs, as well as sisse flip zone etc
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiDaily.png Size: 38 KB
  • #142,597
  • Aug 19, 2016 5:43pm Aug 19, 2016 5:43pm
Morning all,

Just woke up to pages of really helpful info.
Sisse If not too late I would like to go short.
  • #142,598
  • Edited Aug 20, 2016 5:35pm Aug 19, 2016 7:07pm | Edited Aug 20, 2016 5:35pm
Pharmor, if I may add another Fib chart.


Have used weekly for a clearer picture. Long and mid term fib analysis used looking for confluence.
78.6% have both fibs for cheap tickets 1.146
50% & 38.2% both fibs for flip area 1.118 close above
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD200616.png Size: 183 KB

Looking at this chart a long til 1.146 may have been the go.
Never the less I have short bias.
Trading it is so full of contradictions!!!
  • #142,599
  • Aug 20, 2016 1:47am Aug 20, 2016 1:47am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiWeekly CLOSE.png Size: 42 KB

This is what sisse was probably watching- last bearish engulfing and PA escape ouside of that body- eaither side. None happened yet.
PVSRA
  • #142,600
  • Aug 20, 2016 3:36am Aug 20, 2016 3:36am
[quote=sisse;9093580]{quote}

Apologies, i should have been more specific. My flip was the yellow area. 1.119x.

Thinking about a flip in neutral... is it really even relevant? If you are confident in your Outlook then just to place a trade towards either extreme once you have your trigger rejection/news flow/indicator would surely suffice. If one was trading towards the center then what value does it add?

I can see the benefit of defining when changing outlooks/ranges as it would define the area of capitulation for those with a different market view.

Thanks for all your great work and insights! I'm not trading live, but find this extremely interesting nonetheless.
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