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The Really Useless Thread

  • #146,561
  • Dec 21, 2016 11:29am Dec 21, 2016 11:29am
Quoting PAStalker
Hi sisse, If you have the time before the holidays..you mentioned you would discuss your own flip of 1.058x before the FOMC. I read over the posts in which you described the price action that you look at, but just wondering do you also pay particular attention to days when fundamental data or when CBs are speaking to identify the flip area? If I was here at the time, I would have chosen 1.062x as the flip as that is where the market settled at the close on Nov 17th after a Yellen speech (not sure if it was relevant enough for market participants...
Quoting goosebone
{quote} How about this theory (prefaced with the standard noob alert). On the daily chart the Nov 20th candle shows (albeit somewhat weak)buying pressure from about 580 after the larger run down. Assuming that most of those stops were at multi-year lows at 1.04xx those buyers and ones from above, were still in the game after the drop to 505ish on 12/4. So going into the event 580 represents the point at which most of the buyers prepositioning for the coming news would be on the right or wrong side. I had 610, then 624 but after the fact 580 looked...
the exact same discussion has been answered since Aug 2016 and surprisingly both of you @ goosebone & @PAStalker were asking the questions among other members at the time .

Check posts from here link to here link .

Hint for many followers : highlight Sisse explanations on some 'concepts' , save them in your computer or cloud ... give it a look everytime you forget about a detail !
Get Rich or Die Tryin
  • #146,562
  • Dec 21, 2016 11:31am Dec 21, 2016 11:31am
...Europe going home in a mild session. All eyes in US equities for the afternoon session to extend the leg.

Quoting sisse
--> Changing short term outlook in NG from buy to aggressive buy
For those following NG after a very tricky start we finally exploded +8% rally and counting today. Eyeballing $4 ... and beyond.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,563
  • Dec 21, 2016 11:50am Dec 21, 2016 11:50am
Quoting sisse
...Europe going home in....... {quote} For those following NG after a very tricky start we finally exploded +8% rally and counting today. Eyeballing $4 ... and beyond. sisse
What to say . Very nice one.
Trading in the shadow of SM
  • #146,564
  • Dec 21, 2016 12:37pm Dec 21, 2016 12:37pm
Quoting hoom
{quote} {quote} the exact same discussion has been answered since Aug 2016 and surprisingly both of you @ goosebone & @PAStalker were asking the questions among other members at the time . Check posts from here link to here link . Hint for many followers : highlight Sisse explanations on some...
Within the parameters of the explanations you linked lie 620 and 580 among other levels. Since the flip is not meant to be an exact, to the tick, static line in the sand, PAstalker's question about it and my comments about how it might have been determined going into that event don't seem redundant to me. Maybe because I missed the point in the beginning. Not sure. Sorry if it seems like old hat.
I guess every hall needs a monitor.
  • #146,565
  • Dec 21, 2016 1:29pm Dec 21, 2016 1:29pm
Quoting sisse
{quote} NO {quote} NO ...youe
Only just read the post..will have a look now & try to ignore the action after your post time.
Hoom..fully aware of those posts.
  • #146,566
  • Dec 21, 2016 1:37pm Dec 21, 2016 1:37pm
Quoting sisse
... For those following NG after a very tricky start we finally exploded +8% rally and counting today. Eyeballing $4 ... and beyond. sisse
We could get a very nice run in Q1 if the US finally sees a hard winter.....been several years without one...I need $10 UNG and $9 CHK before Jan opex, but Ihave some spreads running out to April.....need Old Man Winter to deliver....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #146,567
  • Dec 21, 2016 1:38pm Dec 21, 2016 1:38pm
Quoting sisse
{quote} NO {quote} call it... We'll talk later. sisse
none of the above, I would have said 1.041x.
  • #146,568
  • Dec 22, 2016 4:04am Dec 22, 2016 4:04am
European opening gone and we are set to the last report of the year with NY.... Expecting liquidity to evaporate in the next few sessions ....

Nothing to see till then so same levels, same trades, same all...

sisse

Quoting PAStalker
{quote} none of the above, I would have said 1.041x.
You jumped too late to make the exercise live useful .... .... whatever the case its should be 99.99% clear now what was the answer ...

Quoting sisse
.... Only for @PAStalker if you have to choose the 'flip' RIGHT NOW for the intraday range where should it be?: a. 1.035x b. 1.044x c. 1.052x d. No clue / none of the above [call yours here ] You have till the London fix to call it... We'll talk later. sisse
if you have to choose the 'flip' RIGHT NOW for the intraday range where should it be?:

a. 1.035x
b. 1.044x
c. 1.052x
d. No clue / none of the above [call yours here ]

You have till the London fix to call it...

...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,569
  • Dec 22, 2016 4:59am Dec 22, 2016 4:59am
Quoting sisse
.... .... whatever the case its should be 99.99% clear now what was the answer
Maybe to you..maybe I am misunderstanding what you mean by the intraday range..for me, its from 10pm from the day before to 10pm on the day.
So I ignored any market action outside of this range. Around 3:30pm yesterday, I see rejection & failure at the 1.041x area with momentum through around 12:00pm. No whipsawing though. So then bulls would be in control for me at that point.

You have option b in block letters, so I take it you think that is the flip for today.
When you posted the question above, 1.044x & 1.043x have the characteristics of a flip imo.

I think your going to tell me I'm out of scope in terms of intraday as well or something along those lines. For reference, I'm using 30m chart.
  • #146,570
  • Dec 22, 2016 5:36am Dec 22, 2016 5:36am
Quoting PAStalker
{quote} Maybe to you..maybe I am misunderstanding what you mean by the intraday range..for me, its from 10pm from the day before to 10pm on the day. So I ignored any market action outside of this range. Around 3:30pm yesterday, I see rejection & failure at the 1.041x area with momentum through around 12:00pm. No whipsawing though. So then bulls would be in control for me at that point. You have option b in block letters, so I take it you think that is the flip for today. When you posted the question above, 1.044x & 1.043x have the characteristics...
As you I also took intrtaday to mean the range from yesterday's London open. Am not sure if sisse is now referring to yesterdays flip numbers or today's with that highlighted 1.044x, either way both yesterday and today we have repeated rejection & failure at this level, before it just broke through higher to 1.047x.
Maybe the following, (enigmatic as ever ) might help explain why 1.0440 instead of 1.0410?

Quote: " ... but you are choosing the Resistance in play instead of the rejection and failure."
Attached Image (click to enlarge)
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The spoken word is your master, the unspoken word your slave.
  • #146,571
  • Dec 22, 2016 5:38am Dec 22, 2016 5:38am
Longed UMXN 676 and 642 expecting a pop.
  • #146,572
  • Dec 22, 2016 5:41am Dec 22, 2016 5:41am
Quoting CommercialB
{quote} As you I also took intrtaday to mean the range from yesterday's London open. Am not sure if sisse is now referring to yesterdays flip numbers or today's with that highlighted 1.044x, either way both yesterday and today we have repeated rejection & failure at this level, before it just broke through higher to 1.047x. Maybe the following, (enigmatic as ever ) might help explain why 1.0440 instead of 1.0410? Quote: " ... but you are choosing the Resistance in play instead of the rejection and failure." {image}
"EURUSDpro" ? Whats the meaning behind it.
  • #146,573
  • Dec 22, 2016 5:59am Dec 22, 2016 5:59am
Quoting janpec1000
{quote} "EURUSDpro" ? Whats the meaning behind it.
Ha ha, never really thought about it ..probably short for professional I guess ...is just a demo charting package I use.
The spoken word is your master, the unspoken word your slave.
  • #146,574
  • Dec 22, 2016 6:16am Dec 22, 2016 6:16am
Quoting CommercialB
{quote} As {image}
I get what your saying, but at 3:30pm Yesterday?..ignoring the market after this time..real-time is the tough part
  • #146,575
  • Edited 6:56am Dec 22, 2016 6:43am | Edited 6:56am
Quoting PAStalker
{quote} ....f a flip imo. I think your going to tell me I'm out of scope in terms of intraday as well or something along those lines. For reference, I'm using 30m chart.
ufff .... First you are talking not even about intraday ranges but about micro trading. You are edging towards random gambling against fast quants and algorithmic trading...

--> Look you are going to have a very hard time getting anything useful from the conversations in the thread. The whole point it's trying to make you step out from the market and 'see' it from a different perspective. Adding a sense of direction via fundamentals to reduce risk and add improve your odds of being in the right side before you even bother trading.

--> You do that with the aim of improving consistency not as dick swing competition of kenfen69 levels (TA in general) is better than CommercialB or janpec1000 is better than The Fool ...and yours is better than mine.

--> Before I address your points, let me be brutally honest with you. If you are going to trade in such a small scope (M30 is too close to the market) you are not going to get absolutely anything from these conversations both in the TA and worst in the FA side. My 2 cents, if you really insist you want to manually go against quants and super advanced algos you better start exploring a complete different set of tools of the ones you seem to be using... you wont find them neither in this thread or anywhere else around these boards. Guarantee.

Now to your points:

Quote
maybe I am misunderstanding what you mean by the intraday range.... for me, its from 10pm from the day before to 10pm on the day.

Yes you are and by a mile or two.

--> Look IMO, you are too close to the market. Not going to make you change your mind if you think if that is the best option for you. However, the same principle applies for trading so if you want to get a hint to two. You will need to drop and put on hold ALL your pre TA knowledge and trading ideas for a bit...

--> Usual problem. You are having a machine gun approach because in your tiny TF you seem to be assuming you range is the daily range that get reset automatically every NY close to a new map. Everything else inside is tradable by default, despite of where markets are heading. Basically you don't have a direction but you seem (and probably are) adjusting direction, analysing and trading all at the same time....

--> Let me ask you a 1st question. If I tell you to show us a chart containing ONLY the CANDLES on the CURRENT H4 range...what would you show us?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,576
  • Dec 22, 2016 7:02am Dec 22, 2016 7:02am
What level do you guys have for 2015 1Y close on eu? Thanks.
  • #146,577
  • Dec 22, 2016 7:06am Dec 22, 2016 7:06am
Quoting sisse
{quote} If you are going to trade in such a small scope (M30 is
M30 isn't what I normally look at..I came across wrong..just thought you were using intraday as an example in terms of scope..and that a flip has the same characteristics on any time frame.

Anyhow, don't have access to charts right now..I would show you a chart with the top of the range at 1.0872 to the low of 1.0352
  • #146,578
  • Dec 22, 2016 7:08am Dec 22, 2016 7:08am
Quoting PAStalker
{quote...and that a flip has the same characteristics on any time frame. Anyhow, don't have access to charts right now..I would show you a chart with the top of the range at 1.0872 to the low of 1.0352
Yes they have.

No that 1.087x -> 1.0352 is way out of scope for the intraday range we were discussing .... maybe somebody else want to quickly post one before the news.


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,579
  • Dec 22, 2016 7:11am Dec 22, 2016 7:11am
2nd go..1.066x..for the high
  • #146,580
  • Dec 22, 2016 7:15am Dec 22, 2016 7:15am
Quoting PAStalker
{quote} M30 isn't what I normally look at..I came across wrong..just thought you were using intraday as an example in terms of scope..and that a flip has the same characteristics on any time frame. Anyhow, don't have access to charts right now..I would show you a chart with the top of the range at 1.0872 to the low of 1.0352
Agree, that is also how I was looking at that particular flip challenge and it was just a misunderstanding so. I'd post the following 4 hr chart range 1.035x - 1.051x
Attached Image (click to enlarge)
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The spoken word is your master, the unspoken word your slave.
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