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The Really Useless Thread

  • #150,141
  • Apr 20, 2017 11:08am Apr 20, 2017 11:08am
Quoting gatorinla
{quote} i dont have a s scalp on radar. but possibly after 0920 that's near 0945 .. london times x 2 potential R,, if so, one more shot at 0874 wouldn't be a surprise. your asking what i have already answered hours back. of course near that 0945 area or higher is better... i have no concrete way to know if 0945 would hold. getting above 0917 may trigger one final retrace to 0874.x.. closing above 0907 would be bullish on Lpndon roll.. and if after it went to 0874, i damn sure would be looking to continue...
same long plan,, but now that entry is harder
to get to.. good luck.. atm its near 0945.. unsure about 0945,, it's a dice toss to 0874 from here.
Attached Image
those who can, do. those who cant, talk about those who can
  • #150,142
  • Apr 20, 2017 11:15am Apr 20, 2017 11:15am
i hate to short against that close above 0907.. but i did a little one.. risking 10... for 0874+2, s 0945..sl 0955
those who can, do. those who cant, talk about those who can
  • #150,143
  • Apr 20, 2017 11:19am Apr 20, 2017 11:19am
Quoting gatorinla
{quote} red never happened ,but the london x2 held. its bullish to me. but it didnt retrace normal. so i cant overlook 0874/75 visited. its just less likely than earlier. but it's still normal to do it. some closes below 0922 would help 0874.. these are not on the same page. making it to 0874 then closing above 0922 is not bearish..
If this continues without retrace then what do u see. 109.70/109.80.
  • #150,144
  • Apr 20, 2017 11:20am Apr 20, 2017 11:20am
Quoting NMZee
{quote} If this continues without retrace then what do u see. 109.70/109.80.
Red would still be valid, even at 109.7x?
  • #150,145
  • Apr 20, 2017 11:27am Apr 20, 2017 11:27am
Quoting NMZee
{quote} If this continues without retrace then what do u see. 109.70/109.80.
i posted it.. it hasn't changed. it won't change in the next day or so.. i am looking for 111.14 b4 0794 and then after 111.14/6x i want to be short. with a tight stop..
this other crap is inside moves.. within a larger normal retrace.. if u went long now.. u should be prepared for 0874 or if u went short now, u should be prepared for 111.14.. meanwhile i have posted some st s/r.. getting to 111.14 is not a straight path.. between u get some opportunity.. many smaller setups..
those who can, do. those who cant, talk about those who can
  • #150,146
  • Apr 20, 2017 11:29am Apr 20, 2017 11:29am
long for a small catch on e/a

week running pretty well for me honestly. Locked around 180 pips net so far, mainly by shorting australian dollar among several pairs (aud/cad, eur/aud, gbp/aud)

best,
J

Attached Image (click to enlarge)
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Hero calls followed by margin calls...
  • #150,147
  • Apr 20, 2017 11:31am Apr 20, 2017 11:31am
Quoting NMZee
{quote} Red would still be valid, even at 109.7x?
why wouldn't it be.. it targets 110.xx.. read these words carefully. 0874 is normal b4 the target at 111.14 is reached. normal meaning, it happens more times than not..

up down up down...
those who can, do. those who cant, talk about those who can
  • #150,148
  • Apr 20, 2017 11:39am Apr 20, 2017 11:39am
std.. i scalped more using these tiny swings in the last 2 weeks. then i have in the last 2 years. i forgot how time intensive this was...
those who can, do. those who cant, talk about those who can
  • #150,149
  • Apr 20, 2017 11:41am Apr 20, 2017 11:41am
Quoting gatorinla
{quote} yeah those numbers will hurt my uj long in st.. i dont know if it will recover.. that's 2 off now since inauguration, a new tweet needed to misdirect..
pretty sure itll appear soon
Hero calls followed by margin calls...
  • #150,150
  • Apr 20, 2017 12:32pm Apr 20, 2017 12:32pm
Quoting goosebone
{quote} That looks likely. Bulls wanting 785 have 731 1st target with upper level at 737 and norm at 623. That 737 matches tight with bear mid on the run down from 905. We'll see if fundamentals agree but 737 looks good for resistance.. {image}
EU bounced off 61.8% pretty good. Back to 737 mid.
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  • #150,151
  • Apr 20, 2017 12:32pm Apr 20, 2017 12:32pm
Quoting PhAnTi'
long for a small catch on e/a week running pretty well for me honestly. Locked around 180 pips net so far, mainly by shorting australian dollar among several pairs (aud/cad, eur/aud, gbp/aud) best, J {image}
s/o
Hero calls followed by margin calls...
  • #150,152
  • Apr 20, 2017 12:43pm Apr 20, 2017 12:43pm
Quoting goosebone
{quote} EU bounced off 61.8% pretty good. Back to 737 mid. {image}
Watching 1.073x for the roll.
Trading in the shadow of SM
  • #150,153
  • Apr 20, 2017 12:52pm Apr 20, 2017 12:52pm
Smaller bull target is a miss so far.
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  • #150,154
  • Apr 20, 2017 12:56pm Apr 20, 2017 12:56pm
And finally the much bigger bull target that Pharmor mentioned has what it needs but so far failure to launch. Time (election?) will tell on that.
Attached Image
  • #150,155
  • Apr 20, 2017 1:02pm Apr 20, 2017 1:02pm
Quoting Earleone
{quote} Watching 1.073x for the roll.
Me too. Cracking down thru 1.07x handle would paint the day red. Below 1.067x and we got something to write home about. But I bet you are right about 1.073x.
  • #150,156
  • Apr 20, 2017 1:14pm Apr 20, 2017 1:14pm
Simple and clean day across the board. Not much to see with all markets behaving in synch.

On the FX front, Euro* is in full control of the currency board until next week so adjust workspace and trade accordingly ....

sisse

Quoting goosebone
{quote} EU bounced off 61.8% pretty good. Back to 737 mid. {image}
Don't get me wrong but it seem (i hope not) you are going all over the place, machine gun approach with too many swings in uncorrelated TFs, chasing moves with trigger charts and chart fitting for answers ...

Just my 2 cents as you have been putting some long hours and effort in the conversations in the thread:

 

  1. You got not too many but way too many lines in your chart. Don't change your approach of trading but you are being efficient and you are going to get lost in translation sooner rather than later. You have a collage of Fibs, Murray, Dow, Mofus and what have you in there ...
  2. You post a chart a micro missed target and then you post a mega monster swing out of range up but you seem to be looking for shorts, etc.... what are you exactly tracking or planning to trade?
  3. What I mean, instead of chasing and chart fitting micro TFs you should be planning/trading like hawk and positioning for the swing (right or wrong is irrelevant).
  4. You only have 3 more session left and you seem that you don't have already decided what and how you are going to trade instead you are getting 'glamour' by chat fitting magic lines after the fact.

Apologise if I sound aggressive but IMO you are making a huge mistake and will end up triggering all your inner demons very soon so let me ask you a question:

If I want to go long (or short is irrelevant but lets take long cause your charts) in the Euro. Can you Explain Like I'm Five What I am looking in your charts (i know exactly what you doing so avoid the technicalities) , Where should I look for entries anywhere should my stops roughly should be with targets?

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,157
  • Apr 20, 2017 1:14pm Apr 20, 2017 1:14pm
Quoting goosebone
And finally the much bigger bull target that Pharmor mentioned has what it needs but so far failure to launch. Time (election?) will tell on that. {image}
i waited a long time for 1.0585.. here is the reason i think it's going to drop deeper. and the reason i missed all but 35 pips of the bounce... of course i may be wrong.. and the usdx has a lot of drop room to push the eu higher. anyway i want to long for 1.13xx but i want to do it lower. even though it did meet my norm minimal retrace. i think i can get it cheaper above 0340 but below 0585. when the usd goes to 101.52
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those who can, do. those who cant, talk about those who can
  • #150,158
  • Apr 20, 2017 1:35pm Apr 20, 2017 1:35pm
Quoting sisse
... You only have 3 more session left and you seem that you don't have already decided what and how you are going to trade instead you are getting 'glamour' by chat fitting magic lines after the fact. Apologise if I sound aggressive but IMO you are making a huge mistake and will end up triggering all your inner demons very soon so let me ask you a question: If I want to go long (or short is irrelevant but lets take long cause your charts) in the Euro. Can you Explain Like I'm Five What I am looking in your charts (i know exactly what you doing so avoid the technicalities) , Where should I look for entries anywhere should my stops roughly should be with targets? sisse
Gator took over the thread lol ... of course he's most welcome and no offense intended . it's just his approach that is waking the inner demons of our friend Goose
Get Rich or Die Tryin
  • #150,159
  • Apr 20, 2017 1:36pm Apr 20, 2017 1:36pm
Quoting gatorinla
i think i can get it cheaper above 0340 but below 0585. when the usd goes to 101.52 {image}
In this picture would 086x be a good area to try short?
  • #150,160
  • Apr 20, 2017 1:57pm Apr 20, 2017 1:57pm
Quoting Earleone
Try a scalp entry short if 1.0655 is touched I put sell at 1.0648 . SL 1.06.77 ( I keep 1.0730 as main for adding shorts )
Quoting goosebone
{quote} Me too. Cracking down thru 1.07x handle would paint the day red. Below 1.067x and we got something to write home about. But I bet you are right about 1.073x.
1.073X level been with us for a period now. If we get close above for daily I am uncomfortable, below I am comfortable with the short I took earlier today, If we get close above on weekly I will wait with short until we get bounce from next handle or 1.073x is taken out again and I will absolutly look for a graceful exit ( A graceful exit I take where the bulls will try to come in on a retracement that will very often be around the handle.

I look this 3 lines for now that I show in the attached chart. ( I am not on my regular PC this days so just a basic chart )
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Trading in the shadow of SM
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