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The Really Useless Thread

  • #149,001
  • Edited 10:43am Mar 28, 2017 8:35am | Edited 10:43am
Quoting sisse
... sisse {quote} What uptrend? What is confirmation for you? So one more time no longs and this time taking shorts.... ok lets see. We'll discuss later
Sorry wrong words . On lower TF it is a leg up and I confuse a little bit by using the word uptrend. I take the point, we are in a huge downtrend since 2014. I think more correct to name it retracement and just that. Not a reversal. Sorry for confusion. ( On lower tf that I traded a lot before we would name it a uptrend ) I guess definition for a trend goes together with the TF traders are looking for their trades. Some never look above 1H and define all from 1H to daily as higher TF )
Confirmation for me now will be a close on 4H or daily depending on situation below a handle. for shorts, and above for longs. ( I only look shorts here as you has seen )
Trading in the shadow of SM
  • #149,002
  • Mar 28, 2017 8:50am Mar 28, 2017 8:50am
long usd/jpy @ 110.25 area.
don't predict direction, but dance with flow of water
  • #149,003
  • Mar 28, 2017 9:08am Mar 28, 2017 9:08am
Quoting goosebone
Retail is high on life. "Our clients are happy their accounts are going up. Youll never have a client calling you at the top of the market saying, Im ready to get defensive and go into cash." https://www.bloomberg.com/news/artic...-euphoric-news {image}
haha, that was a good laugh.
  • #149,004
  • Mar 28, 2017 9:28am Mar 28, 2017 9:28am
The good economic indicators keep pouring in for this administration with that incredible consumer confidence print. Going back to healthcare, I suspect Trump dodged a bullet with the House healthcare plan falling through. It was neither fish nor fowl. Not a free-market solution to sate his base nor comprehensive enough a safety net for the left's liking. Being saddled with that albatross for 4 years would have taken a political toll, imo. The only problem is that it was being used to ease the burden on the budget and help pave the way for tax reform...
  • #149,005
  • Mar 28, 2017 10:38am Mar 28, 2017 10:38am
Limbo land across the board but interesting that copper and /es posted reversal candles on the daily timeframe yesterday and both are bidding today; $VIX slammed back down to 11.8 (roughly middle of the '17 range). Yesterday's risk aversion seems to have faded and risk is bidding as per usual again, which is backed also by stronger antipodal FX against a broadly flat dollar today.

Seems like vague wishy-washed Trump optimism is still intact (potentially helped by cons. confidence figures today, perhaps) and the current equity bull market is proving its resilience. I would therefore favour $ longs from this point forward, would be interesting to discuss.
  • #149,006
  • Mar 28, 2017 10:47am Mar 28, 2017 10:47am
Took a short @1.089x yesterday and added some at 1.086x today .... Let's C what happens next...
Re-Incarnated
  • #149,007
  • Mar 28, 2017 11:11am Mar 28, 2017 11:11am
Fed hike + good last nfp no. + Good no. From US in every sector & good no. From EZ almost in every sector which makes it neutral for EU but the fact is still not traded at all ...
Article 50 getting closer with tax plan from Trump which brings me to a sell short term for EU ...
Re-Incarnated
  • #149,008
  • Mar 28, 2017 11:31am Mar 28, 2017 11:31am
Quoting gatorinla
{quote} week since opened with a gap higher. the month is days from closing. i suspect closing it above 1.0816 on the higher leg is not bearish..if one subtracts about 25 pips from it on a close may also be not bearish, but it may be less bullish than above 1.0816.. the next month bar hurdle may be 1.115, its near 25 pis above 1.1087. so it may be a decent R area.. or even minamal norm before a new drop.. that norm area could be 600 pips wide. a good rule of caution is to b.e. and take whats given.. if one is playing off a week.. that R at...
that 0816 mark to me is important.. probably even more so with the month roll. anyway it may be a supportive area now..
those who can, do. those who cant, talk about those who can
  • #149,009
  • Mar 28, 2017 11:40am Mar 28, 2017 11:40am
Quoting gatorinla
{quote} that 0816 mark to me is important.. probably even more so with the month roll. anyway it may be a supportive area now..
its not as if a rate raise is a surprise. so suppose they dont because of the political events atm.. trump, France, GB. un-stable markets are also a threat the FED acknowledges. just a thought to push back on the herd mentality
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those who can, do. those who cant, talk about those who can
  • #149,010
  • Mar 28, 2017 11:56am Mar 28, 2017 11:56am
Anyone got a quarterly eu chart to post? Or a link to where I can see one? My platform won't do it or I don't know how to change settings to make it work. Guess I could get the crayons out.
  • #149,011
  • Edited 12:13pm Mar 28, 2017 12:02pm | Edited 12:13pm
Quoting goosebone
Anyone got a quarterly eu chart to post? Or a link to where I can see one? My platform won't do it or I don't know how to change settings to make it work. Guess I could get the crayons out.
use tradingview.com they have the best free charts on net in my view. for charting instruments better than what u can do in MT4.
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  • #149,012
  • Mar 28, 2017 12:16pm Mar 28, 2017 12:16pm
Quoting goosebone
Anyone got a quarterly eu chart to post? Or a link to where I can see one? My platform won't do it or I don't know how to change settings to make it work. Guess I could get the crayons out.
https://www.dukascopy.com
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don't predict direction, but dance with flow of water
  • #149,013
  • Edited 12:48pm Mar 28, 2017 12:36pm | Edited 12:48pm
Im trying to identify some pure PA signal for ST swing down (MT extension). Here is a try. However, still Im not sure how to perfectly use the sisses technical analysis he provided us some time ago. Any comments appreciated.

P.S.: @Phram0r as you also looking for the same to take the start of the swing rather than the extension up. You think this is the signal? Or better to wait for some news flow to jump in with momentum?

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here is my history - see the chart - I was stopped out so lookinf to load more 4 postions for another 4 profits on ST. Now just chasing the sell signal.
you can see that even after being stoped out - the stops have taken not even the money of the 3rd profit so I guess this is the proper swinging management. hopefully.
of course I tryed also to play the news flows between but thats has been fairly unsucessfull mostly as thats the harder game.
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  • #149,014
  • Mar 28, 2017 12:43pm Mar 28, 2017 12:43pm
Quoting chester123
{quote} use tradingview.com they have the best free charts on net in my view. for charting instruments better than what u can do in MT4. {image} {image} {image}
I have just checked Tradingview.com. Their H4 looks weird to me on Euro, I don't have the same with IB (daily and higher are similar though):

Trading View :
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IB :
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  • #149,015
  • Mar 28, 2017 12:46pm Mar 28, 2017 12:46pm
Quoting gatorinla
{quote} its not as if a rate raise is a surprise. so suppose they dont because of the political events atm.. trump, France, GB. un-stable markets are also a threat the FED acknowledges. just a thought to push back on the herd mentality {image}
my level
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don't predict direction, but dance with flow of water
  • #149,016
  • Mar 28, 2017 12:48pm Mar 28, 2017 12:48pm
Quoting Replicant
{quote} I have just checked Tradingview.com. Their H4 looks weird to me on Euro, I don't have the same with IB (daily and higher are similar though): Trading View : {image} IB : {image}
your broker chart is too compressed due to the indicator window below it also not all charts have the same timezone . some GMT some GMT+2 etc...
Get Rich or Die Tryin
  • #149,017
  • Mar 28, 2017 12:49pm Mar 28, 2017 12:49pm
Quoting Replicant
{quote} I have just checked Tradingview.com. Their H4 looks weird to me on Euro, I don't have the same with IB (daily and higher are similar though): Trading View : {image} IB : {image}
Long time back I read an article that some brokers slow down the price for their own benefit ... Google it you might find it ...
Re-Incarnated
  • #149,018
  • Mar 28, 2017 12:49pm Mar 28, 2017 12:49pm
Quoting chester123
Im trying to identify some pure PA signal for ST swing down (MT extension). Here is a try. However, still Im not sure how to perfectly use the sisses technical analysis he provided us some time ago. Any comments appreciated. P.S.: @Phram0r as you also looking for the same to take the start of the swing rather than the extension up. You think this is the signal? Or better to wait for some news flow to jump in with momentum? {image} here is my history - see the chart - I was stopped out so lookinf to load more 4 postions for another 4 profits on ST....
or maybe it is closing the gap as it usually do ...
Get Rich or Die Tryin
  • #149,019
  • Mar 28, 2017 12:52pm Mar 28, 2017 12:52pm
Quoting chester123
Im trying to identify some pure PA signal for ST swing down (MT extension). Here is a try. However, still Im not sure how to perfectly use the sisses technical analysis he provided us some time ago. Any comments appreciated. P.S.: @Phram0r as you also looking for the same to take the start of the swing rather than the extension up. You think this is the signal? Or better to wait for some news flow to jump in with momentum? {image}
Don't forget about DXY. We breached 99.6 over the last couple of days which may end this ST swing rather quickly on the way back. The close proximity of that level makes things kinda dicey if we're trying to do a laggard entry.
  • #149,020
  • Mar 28, 2017 12:54pm Mar 28, 2017 12:54pm
Great day for trading after superb numbers from the US ignite Equities across the wold. When markets move with macro numbers instead of Tweets, populist and nationalist blah blah , things go a lot smoother not only for trading but for the real economy ....Sadly don't think it will last for much longer as politicians (and the populist/nationalistic ones) are aligning to keep us busy for the foreseeable future ....

In any case, all markets moving in synch until tomorrow Brexit noise and then for the Q close flows.

sisse

Quoting sisse
{quote} Ok ...only one tip to explore on that concept: Is their any difference in both options when you are fading a pullback/retrace and when you are fading an extension/continuation? ----o---- @goosebone to wrap up for good an older but more relevant than ever conversation. Where are we rolling today? a. No fck clue b. 1.093x c. 1.087x d. [your level] sisse @hoom to wrap up for good an older but more relevant than ever conversation. Do we have the...
@goosebone to wrap up for good an older but more relevant than ever conversation. Where are we rolling today?....

Well done. You nailed it. Hope you start implementing this concept consistently in your trading plan. You will be miles away from the crowd TA wise if you can pinpoint these areas on time when (obviously when technically possible) ...


@hoom to wrap up for good an older but more relevant than ever conversation. Do we have the high of the Q/M / W / Day [check] already before NY?

a. Yes +/- 20 ticks rom the current highs (1.090x)

@chester123 D [check] ...do you agree with @hoom now? or not really?

What if I tell you that we have the low this of W instead ? Would you agree? or I am just messing your brain around ?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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