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The Really Useless Thread

  • #143,621
  • Sep 29, 2016 8:13am Sep 29, 2016 8:13am
After 20 pips drop in E/u desperately waiting to laugh again when it retraces back to the opening of the day ....

Quoting IMARICH1
Perhaps, this day chart is revealing a SWING HIGH? {image}
thats not the swing high you are pointing to ....

the thing which is happening right now with E/u is .... its a structural pattern which is formed with small structural moves ....

i.e., conjoining of small structural moves to create a big move with regards to completion of the move....

Correct me if i am wrong
Re-Incarnated
  • #143,622
  • Sep 29, 2016 8:18am Sep 29, 2016 8:18am
primejarvis,

It appears to be a Swing High in the Wave from what I gathered from sisse's post. These can happen on any TF; but, the Bigger the TF the more valid. I used a DAY Chart. And the OUTLOOK in Short Term is SELL now so you can SELL in middle.
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  • #143,623
  • Sep 29, 2016 8:21am Sep 29, 2016 8:21am
Quoting IMARICH1
primejarvis, It appears to be a Swing High in the Wave from what I gathered from sisse's post. These can happen on any TF; but, the Bigger the TF the more valid. I used a DAY Chart. And the OUTLOOK in Short Term is SELL now so you can SELL in middle.
hi Imarich1,

can you pull me the cheat sheet which sisse shared with us all ... as i dont have the one right now with me working from different laptop ...
Re-Incarnated
  • #143,624
  • Sep 29, 2016 8:29am Sep 29, 2016 8:29am
primejarvis,

Its 2 pages back on 7180 page. It has all the info he shared on this. If you can read my posts; then, you should be able to see what he wrote 2 pages back. Hope this helps!
  • #143,625
  • Sep 29, 2016 8:31am Sep 29, 2016 8:31am
Quoting IMARICH1
primejarvis, Its 2 pages back on 7180 page. It has all the info he shared on this. If you can read my posts; then, you should be able to see what he wrote 2 pages back. Hope this helps!
thats not the one buddy .... i am searching in his back posts ....

give me sometime ... will respond to you in a few
Re-Incarnated
  • #143,626
  • Sep 29, 2016 8:36am Sep 29, 2016 8:36am
Quoting IMARICH1
Perhaps, this day chart is revealing a SWING HIGH? {image}
What I want to know is how does this information help a trader decide when to enter a trade? ( Don't get me wrong I'm not saying it doesn't help, I'm just looking for the answer to understand where would be a good place to open a trade? or to close a trade at B.E if price reaches a particular point?)

In the two examples Swing low & Swing high that sisse posted, where is the best point to enter a trade based on those 3 bars? or do we wait for further bars to form?
  • #143,627
  • Sep 29, 2016 8:44am Sep 29, 2016 8:44am
Vorex,

I believe it depends on the OUTLOOK. Since the OUTLOOK changed in Short Term in EU; then, if I am correct, you can SELL or Enter in Middle and target the outside of range.

Since MID TERM OUTLOOK is still Neutral then I would look at the .112X area to target. But, if MID TERM OUTLOOK changes to SELL then I would target .097X and .073X. Of course, others on here may disagree and I may not be correct. I would rather sisse or seasoned traders understanding these concepts reply. I am just putting my thinking on this out here.
  • #143,628
  • Sep 29, 2016 8:52am Sep 29, 2016 8:52am
just check the outlooks which sisse changed from neutral to sell ....

and compare the cheet sheet with the outlooks from neutral to sell .... its always either on the border line of Exhaustion and cheap tickets .... which will be confirmed as 1st swing high...

and we were in cheap tickets zone which was available when it was in the range between 1.124x to 1.132x...

always remember the exhaustion zone or window or gate(which ever you prefer)will be smallest gate to enter trades and as sisse already explained us all that we retail traders won't get a smell of trend change ....

will continue on the same but after sometime as i am working on different laptop and i dont have all the tools to explain you .... i hope you are getting the point what i was trying to explain ....

rest correct me if i am wrong
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Re-Incarnated
  • #143,629
  • Sep 29, 2016 9:41am Sep 29, 2016 9:41am
primejarvis,

I see what you are getting at as its possible to predict Swings with the Cheat Sheet as well.

Price Actin has me confused in EU with INLINE data and EU Banks issues. Was looking at a drop to .112X
  • #143,630
  • Sep 29, 2016 9:44am Sep 29, 2016 9:44am
That's all for today's high .... Waiting to come back to the position were it started the day ....
Re-Incarnated
  • #143,631
  • Sep 29, 2016 10:11am Sep 29, 2016 10:11am
What I see is October will be the month when FA will come into play that also within 2nd week ... 
 
Patience is the key ... Nothing to do ...
 
 
Re-Incarnated
  • #143,632
  • Sep 29, 2016 10:14am Sep 29, 2016 10:14am
Eh nvm. I'll let sisse explain the way he wants to, I don't want to derail the thread
  • #143,633
  • Sep 29, 2016 10:15am Sep 29, 2016 10:15am
Quoting IMARICH1
primejarvis, It appears to be a Swing High in the Wave from what I gathered from sisse's post. These can happen on any TF; but, the Bigger the TF the more valid. I used a DAY Chart. And the OUTLOOK in Short Term is SELL now so you can SELL in middle. {image} {image}
So where would you place your trades profits and stop losses? put on chart please
  • #143,634
  • Sep 29, 2016 10:21am Sep 29, 2016 10:21am
Quoting Pharm0r
{quote} So where would you place your trades profits and stop losses? put on chart please
I would have SOLD at .128X and now added at .122X since OUTLOOK SHORT TERM changed and on the DAY CHART range that would be another area to add to SHORTS. The Better Positions were at .133X

I know I took a LONG in the iteration as I would have played that to .128X and not .1310 but wasn't given that choice. But, I have stop loss about .138X as I took SHORT positions at .128X

EXIT .112X for Short term if just playing the next level. But, if adding to position and playing MID TERM .07X and if LONG TERM (not determined) but will assess if .02XX or .98 is unlocked.
  • #143,635
  • Sep 29, 2016 10:31am Sep 29, 2016 10:31am
Think we are in a shake out . Can not find anything else.
Trading in the shadow of SM
  • #143,636
  • Sep 29, 2016 10:35am Sep 29, 2016 10:35am
need to see chart, KISS rules apply. Shorts only, because that's what fundamentals are telling us the right side is regardless of what the candles are doing.

Exact price of short, exact price of tp, exact price of stop loss- on a chart no xxxx, while you're at it- you have $10,000 total account capital and no trades active at the moment, so what lot sizing are you going to use
  • #143,637
  • Sep 29, 2016 10:43am Sep 29, 2016 10:43am
2% at .128x. And then no more than total of 3% of acct.

If trading at this price, 1% for now. And then add no more than 2%.
  • #143,638
  • Sep 29, 2016 11:02am Sep 29, 2016 11:02am
Quoting Earleone
Think we are in a shake out . Can not find anything else.
Yes, can very much be. Especially infront of Yellen before day changeover. 4 hours to go, so if drop later, could not hurt to pump PA for the next 4 hours at least.
But I can imagine testing patience for a lot of traders. Good excercise.
PVSRA
  • #143,639
  • Sep 29, 2016 11:18am Sep 29, 2016 11:18am
How many a man has thrown up his hands at a time when a little more effort, a little more patience would have achieved success. Elbert Hubbard

The keys to patience are acceptance and faith. Accept things as they are, and look realistically at the world around you. Have faith in yourself and in the direction you have chosen. Ralph Marston

Genius is patience. Isaac Newton
  • #143,640
  • Sep 29, 2016 11:23am Sep 29, 2016 11:23am
Quoting Fisher755
{quote} Yes, can very much be. Especially infront of Yellen before day changeover. 4 hours to go, so if drop later, could not hurt to pump PA for the next 4 hours at least. But I can imagine testing patience for a lot of traders. Good excercise.
Yupp, will wait and see how it looks after close. I dont like long high activity candles on 4H penetrating MA 50 100 and 200 and resistance level for my shorts but lets see how it close. They took out a lot of SL with that one. Thats for sure.
Trading in the shadow of SM
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