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The Really Useless Thread

  • #149,781
  • Apr 13, 2017 5:00pm Apr 13, 2017 5:00pm
1.050x ...
Get Rich or Die Tryin
  • #149,782
  • Apr 13, 2017 5:00pm Apr 13, 2017 5:00pm
anybody else? 2 more mins
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,783
  • Apr 13, 2017 5:04pm Apr 13, 2017 5:04pm
I like 1.0585. a shot in the dark here , but I like that level as we complete the retrace and ran into the sellers at 1.067x
  • #149,784
  • Apr 13, 2017 5:05pm Apr 13, 2017 5:05pm
Im changing my answer to whatever Fadhl is about to post.
  • #149,785
  • Apr 13, 2017 5:09pm Apr 13, 2017 5:09pm
Ok just before we answer the question.

We started with this sketch I posted exactly 1 year ago. The beauty of it, is that was 1 million miles away from the current levels and circumstances ....

Sketch for change in outlook to sell. Some of you has been in this discussion for long must hate this one but today more relevant than ever.

Attached Image (click to enlarge)
Click to Enlarge Name: outlooksell.png Size: 328 KB


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,786
  • Apr 13, 2017 5:10pm Apr 13, 2017 5:10pm
Here is the latest real live mid term chart update in the Euro:

Attached Image (click to enlarge)
Click to Enlarge Name: midtermapril.png Size: 252 KB


No further comments needed in this one ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,787
  • Apr 13, 2017 5:11pm Apr 13, 2017 5:11pm
As I'm in sell, for me is 1.09.
  • #149,788
  • Apr 13, 2017 5:14pm Apr 13, 2017 5:14pm
Quoting Fadhl
As I'm in sell, for me is 1.09.

Wrong answer!
  • #149,789
  • Apr 13, 2017 5:15pm Apr 13, 2017 5:15pm
Once again... for hoom the bell tolls.
  • #149,790
  • Apr 13, 2017 5:20pm Apr 13, 2017 5:20pm
Quoting sisse
Ok just before we answer the question. We started with this sketch I posted exactly 1 year ago. The beauty of it, is that was 1 million miles away from the current levels and circumstances .... Sketch for change in outlook to sell. Some of you has been in this discussion for long must hate this one but today more relevant than ever. {image} sisse
Quoting sisse
Thanks all ....table closed +++ TABLE CLOSED final live iteration in the Euro ++++ "Parit, Consolid ou Termin" => Long @1.062x STP: 1.052x TP1: 1.078x TP2: 1.086x (top target) TP3: 1.095x +/-max r:r: 1:5 ExForX kayaker => Short @1.062x STP 1.072x TP1 1.046x (bottom target) TP2 1.028x TP3 1.019x +/-max r:r: 1:5 Fadhl chronical Pharm0...
what got me is that the momentum play was confirmed since the roll play yesterday? I guess there is a fundamental reason rather than technical here? hence why we need to zoom out to find the 1.05x
  • #149,791
  • Apr 13, 2017 5:20pm Apr 13, 2017 5:20pm
Quoting goosebone
Im changing my answer to whatever Fadhl is about to post.

Thanks for your compliment! You over esteem my knowledge! I'm still learning...
  • #149,792
  • Apr 13, 2017 5:29pm Apr 13, 2017 5:29pm
From that last chart alone we can see now the potential momentum play already formed @hoom yes 1.050x is the mid term momentum play that we expected even before the current trend leg officially started last year.

However, I was referring to the short term momentum play ...that is for the first time since last year aligned to the exact same levels with the mid term swing ...

Which lead to the next point:

-> This is my short term chart which was 1 million miles away from most of the ones in the iteration.

Attached Image (click to enlarge)
Click to Enlarge Name: shortterm.png Size: 115 KB


There might be questions so I added some extra annotations for reference. Answering the question TA wise of why I disagree with all you guys in the iteration levels? Because none seem to have adjusted the chart since we escaped the short term range and extend (the E) the mid term range ...technicalities if you wish ...take it or ignored for what is worth ...

Now is it easier to spot the current range we can quickly check some points on how can we spot a momentum play (before hand obviously). For those newcomers in these discussions I would highlight recommend to dig on the backpost on the ones related to trading "Bar by Bar" collections as the next posts will make more sense ...

sisse

Quoting pmmebids
{quote} {quote} what got me is that the momentum play was confirmed since the roll play yesterday? I guess there is a fundamental reason rather than technical here? hence why we need to zoom out to find the 1.05x
Point is about TA right now ...we'll go in the FA in a minute like usual.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,793
  • Apr 13, 2017 5:37pm Apr 13, 2017 5:37pm
Before we dig even deeper in details on the momentum play:

Q5: Can anybody plot a short term map to the long side right now (can you spot the flip if you are outlook buy?)?

I think this questions will break some paradigm on TA and force some to think in the other side and not get married to a position if you are wrong and things go against your expectations.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,794
  • Apr 13, 2017 5:38pm Apr 13, 2017 5:38pm
Thanks, Sisse. Understand now. Letting ST bleed into MT again. I was trying to figure out your ST levels since you mentioned you disagreed with them and I second-guessed right on the top and flip, but not the bottom... now I see my error.
  • #149,795
  • Apr 13, 2017 5:40pm Apr 13, 2017 5:40pm
Sisse,

I don't get why your bottom is at .070x as oppossed
to .058x.
  • #149,796
  • Apr 13, 2017 5:44pm Apr 13, 2017 5:44pm
Quoting sisse
Before we dig even deeper in details on the momentum play: Q5: Can anybody plot a short term map to the long side right now (can you spot the flip if you are outlook buy?)? I think this questions will break some paradigm on TA and force some to think in the other side and not get married to a position if you are wrong and things go against your expectations. sisse
will give it a go..

Attached Image (click to enlarge)
Click to Enlarge Name: long.PNG Size: 19 KB
  • #149,797
  • Apr 13, 2017 5:49pm Apr 13, 2017 5:49pm
Quoting IMARICH1
Sisse, I don't get why your bottom is at .070x as oppossed to .058x.
Thats the 1 million dollar question TA wise that I am trying to highlight. We have been discussing about this Top, flip, bottom since day one. There is very little extra TA wise to analyse in deep or to understand ....the rest are basically technicalities to enter, exit, and manage positions....

-> Check the backposts bar by bar. "Price move in waves regardless of ....'that was the exact 1st paragraph. Most prolly skipped as irrelevant. There is the 1/2 of the answer.
-> The other 1/4 comes from the understanding swings
-> and finally the 1/4 comes from the core concept behind the posts on bull/bear traps part on that very basic series of posts...

In a nutshell, as I have always said TA in one line: S/R, Break/Rejection, Consolidation/Continuation ...reversal ...S/R, Break/Rejection ...etc etc there is very little beyond that TA wise.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,798
  • Apr 13, 2017 5:49pm Apr 13, 2017 5:49pm
Quoting IMARICH1
Sisse, I don't get why your bottom is at .070x as oppossed to .058x.
1.07x was the break of the previous ST top on 3/15.
  • #149,799
  • Apr 13, 2017 5:49pm Apr 13, 2017 5:49pm
068x > 0.78x [flip] > 097x
Get Rich or Die Tryin
  • #149,800
  • Apr 13, 2017 5:51pm Apr 13, 2017 5:51pm
My head is hurting ... I need more pills ie experience !
Get Rich or Die Tryin
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