The Really Useless Thread

Quoting Pharm0r

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{quote} This is the signal, the risk/stop is the new extension high I've taken the live trade, as for the expirment, the live trade was lower than the initial...but close enough to still make the hypothesis valid (that you can reduce risk) We've (with sisse) dissected the trade down exactly....extension, to rejection. Just like the iterations we went through last time where sisse broke it down candle to candle....bearish outlook, trade the extension failure.

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Quoting Earleone

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{quote} Thank you, For the sake of the argument again I will choose shorts 1.085x -> 1.073x

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Quoting sisse

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We are we rolling for the Q close? A. 1.083x B. Impossible to pinpoint exactly but above the 1.09x handle C. 1.076x D. Impossible to pinpoint exactly but below the 1.06x handle E. No fck clue. sisse

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Quoting sisse

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{quote} Although the core of the concepts is the same (that was the point of it and you clearly have realised what I am doing with this conversation), don't forget one detail that makes thing slightly different than the last time: The one you are referring was a change of Outlook to Sell now we are already in Sell aiming for an exhaustion leg. Whats the difference in practice? one is a reversal flow, the other is a continuation flow. One refers to a countertrade for trading a change of trend/outlook, the other is for trading a pullback/retrace....

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Quoting chester123

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{quote} great we on the same page again. but have you taken the trade? yesterday D1 close was neutral, today may be the signal but we have not closed yet even though seems unlikely for the bulls to fight it back on the closing range. but in any case: I have not loded for those ST positions as I thought its wise to wait for the close (= clear confirmation of a failed break on extreme). even though one may think its looking too late we still in cheap seats! it seems late only when one is too close to the market. {image}

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Quoting mrcreosote

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{quote} B - the only hurdle is unemployment claims on thursday and/or some monkeys doing tweets

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Quoting chester123

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{quote} Is it that the reversal flow is more violant/strong? Because there is usually some trigger for the change of outlooks? And with a continuation flow the price is more "choppy" so it may fort some more complicated structures like "S-H-S" or something = i.e. one does not have to be so sharp entering unlike in reversal flow?

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Quoting sisse

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{quote} {quote} @Earleone Very well done. 1.080x cleared....getting an entry on the way up or the way down...i think is clear at least in theory ... ...so just for the sake of the argument we keep going for a bit longer. Now for the 8th time: Now that we got a pullback to 1.080x, should we aim to load shorts lets say 1.085x -> 1.073x? or double up and trade 1.08x -> 1.093x? @goosebone We are we rolling for the Q close? A. 1.083x B. Impossible to...

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Quoting IMARICH1

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I have taken a Long to .083x and if price closes above it today(Asia session); then, I will stay in.Closea bove .081x for US is positive to me. .0806-->.083x(TP1)-->.0930(TP2)-->(.097x)TP3--TP4 MAX EXT(.107x) And, Exhaustion Leg I see at .097x and more realistic. But, will let one position ride beyond if it goes that way. I using my Rewards from this last trade to fund this trade for me as I have 3 positions open. They all will be closed if we do not close above .083x or below .078x. Reasons: We are in a Strong Retrace with FA already baked in....

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Quoting IMARICH1

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goosebone, I took 3 positions all around .0804-.0806. TP1 locks in my Risk and pays my stop. TP2 gives me a reward and so does TP3. But, if we would get a runner past .097x; then, I will only take profit on half of last postion and let the other half of it run. Does that make sense? Again, I could be wrong but felt the R:R was worth it as I suspect many are looking at this wick (.090x) as exhaustion point. I am not convinced. Time will show me to be ignornantly wrong or perhaps thinking about seeing the forest from the trees.

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Quoting chester123

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{quote} sorry for the length {image}

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Quoting sisse

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... from the TA side there is nothing magical or hiding system to anything , it is 99% pure price action and Price action for trading can be summarise in 1 line:

--> Support/Resistance. Break/Fade. Retrace/Pullback/Continuation...

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Quoting Pharm0r

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{quote} Yes I've taken the trade-I do think you're wise for waiting until the close. Worst you'll sacrifice is a few pips, and you'll be sitting better should the bulls fight it back (highly unlilkely imo) At this point I think we're arguing a matter of ticks rather than a valid trade of course in 2 hours well know for sure

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Quoting sisse

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...and we are rolling with bullish daily close in the the Euro but the one to track is Dollar for the Q close.... On the rest of the board all markets behaving in a very good day for trading. sisse {quote} We have discussing for months now. Everything is on the basics. They are so basic that when I or anyone mention them, most around just ignore thinking is just blah blah ...All is on the basics ...mastering the basics is all there is to do TAwise ... {quote}

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Quoting chester123

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{quote} {quote} Pharm0r, I got this feeling that sisse does not think our today D1 close is the signal for ST swing short.

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Quoting chester123

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{quote} {quote} Pharm0r, I got this feeling that sisse does not think our today D1 close is the signal for ST swing short.

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Quoting goosebone

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{quote} Why not 797? Or better 719 for the Friday close?

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Quoting chester123

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{quote} Im still not sure which boat to use to fish for this fish. But last time sisse was looking on D1. On W1 we may miss the cheap tickets zone I guess. {image}

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