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The Really Useless Thread

  • #146,821
  • Edited 7:04am Jan 7, 2017 5:21am | Edited 7:04am
Quoting Happy_Sniper
{quote} ........... And I really wish I had earlone's limit stop orders. Were pretty handy again! Thanks all.
I attach a Expert adviser EA for Metatrader4 that can be used ( I use fxblue alarm manager available from some brokers allowing me to have as many levels as I want and it is super quick at my broker, mostly get filled on spikes that only last for seconds when that happens ) . Play around with it on demo account first, or in the strategy tester in metatrader , it work visualy by moving the boxes. Easy to use but limit you to only one order for at the time for each instrument.

It will not show any boxes when market is closed if you attach to chart during the weekend now.

I also attack an set file, rename it from daytrading_ea.txt to daytrading_ea.set before uploading to your metatrader mql/Presets folder.

If the green box is touched for more then 2 seconds it will place an buy stop order 10 pips above in the sample picture I attach and with an SL 25 pips and 200 pips TP with the settings file I attached. If price just continue south after touching the top of the green rectangel the buystop order will be removed automaticly after 1 Hour. All this is possible to change in the settings file. Red box is placed back in time and no sell stop orders will be placed in this sample when price go above red box.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 16 KB
Attached File(s)
File Type: ex4 Day_Trading_EA__Free.ex4   123 KB | 321 downloads
File Type: txt daytrading_ea.txt   < 1 KB | 396 downloads
Trading in the shadow of SM
  • #146,822
  • Jan 7, 2017 7:24am Jan 7, 2017 7:24am
Quoting sisse
... @ Earleone, goosebone, Replicant, chester123 Still waiting for final updates ... .... sisse
Have not a lot to say as it would be, for the most, paraphrasing chester123 ,Earleone and goosebone.

As I wrote earlier, the importance of this report was only in the case of a serious flop that could have been a game changer for the short term triggering more profit taking and unlocking a full retracement to 1,097x . Anything else was opening the door for the continuation of the mid-term flows. For the headlines, I would say the strong report on wages enhances new Fed Dot Plot credibility.

For the flows (I had a very poor pending @ 1,0660), 1,052x hold so continuation of the mid-term flows have not started yet and it should be possible as chester123 underligned it to load above despite these are expensive tickets. A safer option may be to load on the break of 1,049x. Thank you and good week-end all.
  • #146,823
  • Jan 7, 2017 9:17am Jan 7, 2017 9:17am
Quoting ExForX
{quote} You dont' have stop orders? You can only enter spot? What kind of broker do you have?
Sure stop, but not limit stop. Earlone just described it. Don't use mt4, so won't benefit from the eas. But if some1 has something similar for Duka's jforex would appreciate it.
  • #146,824
  • Jan 7, 2017 10:07am Jan 7, 2017 10:07am
just a view from me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDailyLine.png Size: 105 KB
Click to Enlarge Name: EURUSDDailyCandlestick.png Size: 109 KB
  • #146,825
  • Edited 1:30pm Jan 7, 2017 10:16am | Edited 1:30pm
Quoting gazpacho
just a view from me. {image} {image}
Very cool perspective. Kind of speaks to chester123 and sisse's discussion about shifting the map.
  • #146,826
  • Edited 4:32pm Jan 7, 2017 4:16pm | Edited 4:32pm
Quoting goosebone
{quote} Since I wasn't able to contribute much to the final updates, I'll take a crack at the question on the weekly neutral close. I know @Roobi was thinking about this too so wouldn't mind hearing from him. Like I said before, looking at PA this way is new to me so apologies if I'm just confusing things here or stating the obvious and if anyone sees flaws in how I'm setting it up, please don't hold back. The bottom of the "resistance zone" going into this week was at 1.049x so.... {image}
Goosebone, what is the time zone of your broker? Do you have Sunday daily bars?
Looking at 2 brokers, which do not have Sunday daily bars (so the week starts with the open of Sydney session), the close of the previous week (and the year) is above 1.0512 (If I understood correctly the close of the year with your broker is 1.049x ?)
  • #146,827
  • Edited 5:17pm Jan 7, 2017 5:03pm | Edited 5:17pm
Quoting jaxx80
{quote} Goosebone, what is the time zone of your broker? Do you have Sunday daily bars? Looking at 2 brokers, which do not have Sunday daily bars (so the week starts with the open of Sydney session), the close of the previous week (and the year) is above 1.0512 (If I understood correctly the close of the year with your broker is 1.049x ?)
Close I've got is 1.0515 so looks like a mistake on my part. Thanks for pointing that out. I'll try to fix it. No Sunday bars on my charts.
  • #146,828
  • Edited 6:30pm Jan 7, 2017 5:16pm | Edited 6:30pm
Ok. Fixed. (I think) Please let me know if this looks off to anyone.

Previously the week closed at 1.0515 so..
Attached Image (click to enlarge)
Click to Enlarge Name: Week1.png Size: 24 KB
  • #146,829
  • Jan 8, 2017 3:13am Jan 8, 2017 3:13am
Quoting goosebone
{quote} Very cool perspective. Kind of speaks to chester123 and sisse's discussion about shifting the map.
thanks mate. just tried to do a map. at home all weekend.
Attached Image (click to enlarge)
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  • #146,830
  • Jan 8, 2017 9:28am Jan 8, 2017 9:28am
Nice and short article to read:
Impact of Trump’s First 100 Days on the Financial and Forex Markets
http://www.admiralmarkets.com/analyt...-forex-markets
  • #146,831
  • Jan 8, 2017 9:30am Jan 8, 2017 9:30am
Quoting sisse
{quote} V. Good wrap up ....Indeed a rather dull session but well... we got the double inline FOMC/FED not really surprising, isn't it? .... {quote} Well mid term chart is exactly the same chart we have been trading for over +8 months. Here: {quote} Why should you change it? Same outlook, same levels.... On the short term I understand is difficult to grasp the maps after major moves. Rule of thumb: -> If there isn't a change of outlook why should you change? -> Sit and spend a good time reevaluating after major breaks not before even if it looks...
Thank you for the explanation. Makes perfect sense

Now a little bit of FA =) we had these changes with NFP/FOMC.

-> Changing short term outlook in European Equities (DAX as ref) from neutral to buy.
--> Changing short term outlook in Gold from Neutral to Soft Sell.
--> Changing short term outlook in Sterling from Neutral to soft sell.
--> Changing mid term outlook in the Euro from sell to aggressive sell

Just wondering what are the FA rationale behind. In gold/euro I see it via good macro =) fed very well on track for rates = Euro is clear via monetary divergence (rate differentials). Gold as well.

On sterling: is the rationale the same or is there something new on GB side?

Even more wondering on DAX: is it via NFP and FOMC or just via very good EU numbers during the week?
  • #146,832
  • Jan 8, 2017 9:38am Jan 8, 2017 9:38am
Quoting chester123
{quote} Thank you for the explanation. Makes perfect sense Now a little bit of FA =) we had these changes with NFP/FOMC. -> Changing short term outlook in European Equities (DAX as ref) from neutral to buy. --> Changing short term outlook in Gold from Neutral to Soft Sell. --> Changing short term outlook in Sterling from Neutral to soft sell. --> Changing mid term outlook in the Euro from sell to aggressive sell Just wondering what are the FA rationale behind. In gold/euro I see it via good macro =) fed very well on track for rates = Euro...
For euro we are in sell ... But aggressive sell really didn't got that .... Some sort of capitulation play being cooked as the master don't come up with such terms very often .... Will be happy if someone or the master himself can elaborate on the same...
Re-Incarnated
  • #146,833
  • Jan 8, 2017 1:53pm Jan 8, 2017 1:53pm
Quoting Fadhl
Nice and short article to read: Impact of Trumps First 100 Days on the Financial and Forex Markets http://www.admiralmarkets.com/analyt...-forex-markets
Wow thanks that a nice wrap up. Many things to keep an eye out for.
  • #146,834
  • Jan 8, 2017 4:40pm Jan 8, 2017 4:40pm
Tracking back sisse posts and playing with charts here is MT update on E/U just for reference of bigger TA picture:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
  • #146,835
  • Jan 9, 2017 3:34am Jan 9, 2017 3:34am
Quoting sisse
Come on mate. What would be the point of trading only the leg before the news.... of course it includes NFP
Sisse, I was wondering why do we include them in the same flow? Is it only because they are in the same week? What is the benefit of looking them as a couple, when they could trigger opposite market reactions?
Does this means that it is advisable the positioning to be before FOMC and not before NFP? (I am sure the answer is "no", but I was wondering how can we use this "coupling")

Thanks in advance
  • #146,836
  • Jan 9, 2017 4:19am Jan 9, 2017 4:19am
Quoting janpec1000
{quote} . EMs now short term and mid term unlocking another strike on higher levels USD/EM, especially tracking ZAR CNH/Y BRL and TRY. 8100 is first one on ZAR without LL invalidation should be main play..
EMs beginning short term moves with decent drops across TRY CNH and ZAR. Closing partial profits on UZAR longs a bit shy away from 8100 leaving the rest afloat for 8300. Nice move also on GBP with 2200 done deal on GU and no surprise on the break. Not tracking anything else for today.
  • #146,837
  • Jan 9, 2017 4:34am Jan 9, 2017 4:34am
...watch-out Sterling ... UK government talking heads hinting more and more hard brexit including leaving the common market (insanity mixed with arrogance is the only words I can come...) ...we are inches from Chapter 2 in the Brexit front so expecting lots of 'tweets' in the upcoming days...if the fall is going to be as big as the talking head arrogance we are in for even a major fck off in the UK...

Any official hint on the UK leaving the common market will put as automatically in extreme aggressive sell in Sterling until the BOE and it will carry the European Bond and Currency board with it....just the heads up as we look very close to the next stage in Brexit....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,838
  • Jan 9, 2017 4:43am Jan 9, 2017 4:43am
Quoting sisse
...watch-out Sterling ... UK government talking heads hinting more and more hard brexit including leaving the common market (insanity mixed with arrogance is the only words I can come...) ...we are inches from Chapter 2 in the Brexit front so expecting lots of 'tweets' in the upcoming days...if the fall is going to be as big as the talking head arrogance we are in for even a major fck off in the UK... Any official hint on the UK leaving the common market will put as automatically in extreme aggressive sell in Sterling until the BOE and it will carry...

sure, but none of it matters...stocks go up every day, that's all that matters....don't fall for the trap...

you know why poor people are poor, because they don't own stocks...

just buy stocks...forget about everything else mate...see you in Costa Smeralda when the weather is better...cheers
Look Sharp/Trade Tight
  • #146,839
  • Jan 9, 2017 4:52am Jan 9, 2017 4:52am
Quoting PayTheLimit
{quote} sure, but none of it matters...stocks go up every day, that's all that matters....don't fall for the trap... you know why poor people are poor, because they don't own stocks... just buy stocks...forget about everything else mate...see you in Costa Smeralda when the weather is better...cheers
je je je ...

Indeed ride the pig ...but its running on fumes now thanks to Trump and etc ...the money and large one will be on the other side later on the year so better be ready than miss the train ....

Well it matters more than you think for the next legs (the current is just no brainer bastards riding the pig and passing the bill to the average joe via inflation). The brexit fiasco impact in play is for the next 25 years ...we are only 6 months on it and the UK is still part of the EU ...so we haven't even started yet ...here eyeballing the next trend and as most of smart money around here rebalancing all portfolios out of the UK at least until the storm pass 2019 and beyond ....

Outside of trading ...the scary bit is that we are copy / pasting by the coma the interwar period with populism, nationalism and protectionism spreading like cancer ...its not usually but ALWAYS have ended wrong very wrong ... and that part is sadly not tradable ...

In any case, as discussed here no changes until Article 50, ride the exhausted PIG in UK Equities and annihilate Sterling until we turn the page where things will start swapping the other way around via inflation...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,840
  • Jan 9, 2017 5:13am Jan 9, 2017 5:13am
Quoting sisse
{quote} je je je ... Indeed ride the pig ...but its running on fumes now thanks to Trump and etc ...the money and large one will be on the other side later on the year so better be ready than miss the train .... Well it matters more than you think for the next legs (the current is just no brainer bastards riding the pig and passing the bill to the average joe via inflation). The brexit fiasco impact in play is for the next 25 years ...we are only 6 months on it and the UK is still part of the EU ...so we haven't even started yet ...here eyeballing...

fine, then maybe we should move to Sardinia, and wait the whole mess out....
Look Sharp/Trade Tight
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