The Really Useless Thread | Page 7645 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #152,881
  • Jul 10, 2017 6:18pm Jul 10, 2017 6:18pm
looking at uj 115.12 as a possible s area, maybe some R 115.55
those who can, do. those who cant, talk about those who can
  • #152,882
  • Edited 7:10pm Jul 10, 2017 6:37pm | Edited 7:10pm
Quoting gatorinla
{quote} that 1386 to me would need a breech and probably a day close below to pass the next test.. next week the bar moves.. still bullish.. atm i call that close today above last weeks 1386.. it closed 1388 as far as i am concerned. i cant call that bearish although it tried.. its just Monday, things can change.. 1408/1417 is still very important to me close wise.. closing below 1417 as far as the week goes wasnt so bullish in the med tf of week,,, other than that, month & up is bullish, at least till it not.. and when its not it will turn starting...
Yeah, below 1417, short is still valid for today!
If it drops, must be a strong retrace around 08xx-09xx for couple hundred pips(around 11xx-12xx) before going down further!
Above 1439-1445, I would go long for a BO trade !
  • #152,883
  • Jul 11, 2017 12:11am Jul 11, 2017 12:11am
Quoting gatorinla
thinking not much will happen bear wise till a close below 1386...it will probably will act supportive until. personally still short over last week's minor crack. hopefully i chose the right place as Resistance, and we tap 1.089x or 0.93xx
testing 1386 now..
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 40 KB
those who can, do. those who cant, talk about those who can
  • #152,884
  • Jul 11, 2017 12:14am Jul 11, 2017 12:14am
Quoting gatorinla
{quote} 1333 may be a bounceable support.. in this window.. of course 089x is lower.. so one may be able to enter s on the bounce tiring. and later 1333 ish will float as R, it will change
change to 1349/50 ish.. if the low from yesterday breaks and one wants to short.. a entry may be possible if one waits for 1399/1417 bounce.. but it may not retrace. 1323 is valid still st. less chance of retrace if starts closing below 1386
those who can, do. those who cant, talk about those who can
  • #152,885
  • Jul 11, 2017 12:26am Jul 11, 2017 12:26am
Quoting gatorinla
{quote} change to 1349/50 ish.. if the low from yesterday breaks and one wants to short.. a entry may be possible if one waits for 1399/1417 bounce.. but it may not retrace. 1323 is valid still st. less chance of retrace if starts closing below 1386
bulls need to break the dt.. so far, the crack in bulls amor is small.. but not breaking the dt is a sign of weakness.. still time for either... personally short still..
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 42 KB
those who can, do. those who cant, talk about those who can
  • #152,886
  • Jul 11, 2017 12:34am Jul 11, 2017 12:34am
Quoting gatorinla
{quote} bulls need to break the dt.. so far, the crack in bulls amor is small.. but not breaking the dt is a sign of weakness.. still time for either... personally short still.. {image}
How about USDJPY?
  • #152,887
  • Jul 11, 2017 12:51am Jul 11, 2017 12:51am
Quoting gatorinla
{quote} change to 1349/50 ish.. if the low from yesterday breaks and one wants to short.. a entry may be possible if one waits for 1399/1417 bounce.. but it may not retrace. 1323 is valid still st. less chance of retrace if starts closing below 1386
I was pending short every 5 pips from 1397/1402/1407/1412/1417 (5 positions)
And finally it triggered only one at 1397
If it breaks 1386, I think it could come back and retest 1386 again, hard to go above that level.
Also, if it breaks 1311, I still think that it will retrace back to 1350-1375 then head to 1118(this is strong support but 08xx-09xx is much stronger)
  • #152,888
  • Jul 11, 2017 1:12am Jul 11, 2017 1:12am
Quoting chnp
{quote} How about USDJPY?
scroll some.. waiting for 1512 minimal to consider s
those who can, do. those who cant, talk about those who can
  • #152,889
  • Jul 11, 2017 1:15am Jul 11, 2017 1:15am
Quoting gatorinla
{quote} change to 1349/50 ish.. if the low from yesterday breaks and one wants to short.. a entry may be possible if one waits for 1399/1417 bounce.. but it may not retrace. 1323 is valid still st. less chance of retrace if starts closing below 1386
no LL yet.. h closed -1386
those who can, do. those who cant, talk about those who can
  • #152,890
  • Jul 11, 2017 6:37am Jul 11, 2017 6:37am
Quoting gatorinla
{quote} no LL yet.. h closed -1386
bulls not given in yet, ... new L roll in 4h.. so far no LL and not closing a larger tf under 1386 is not bearish.
those who can, do. those who cant, talk about those who can
  • #152,891
  • Edited 7:48am Jul 11, 2017 7:29am | Edited 7:48am
Quoting gatorinla
{quote} bulls not given in yet, ... new L roll in 4h.. so far no LL and not closing a larger tf under 1386 is not bearish.
Yeah, above 1417, will retest 1438/45 again. Hit my SL at 1405.
Will try to short again around 1438/45, if it break I will stay away or a long trade for the BO !
Attached Image (click to enlarge)
Click to Enlarge Name: EUChart.png Size: 38 KB
  • #152,892
  • Jul 11, 2017 8:03am Jul 11, 2017 8:03am
Quoting gatorinla
{quote} no LL yet.. h closed -1386
Gator any view on USDCAD..
  • #152,893
  • Edited 8:19am Jul 11, 2017 8:08am | Edited 8:19am
Quoting Angelina
{quote} Yeah, above 1417, will retest 1438/45 again. Hit my SL at 1405. Will try to short again around 1438/45, if it break I will stay away or a long trade for the BO ! {image}
stops need to be 1417+ a little on s. or they will eat it up. on a longer term trade. it takes a while for a ship to turn.. between many small ups and downs.. i have stops set above 1417... even so, i still have a pending s 1459.. still needing -1386 close to gain some confidence on this next step. if not 1386 is support close wise.. or Resistance when under close wise. not to say its a solid rock.. L clse below is the sign i want to see.. even then.. it may still pass through it some.. maybe to 1399 on a L close below 1386..

the 1/2 or quarter number is 1417.... its the stronger of them all.. 1409/1417 its a decent R since the week closed below after a NFP news release. i wouldn't underestimate it..
those who can, do. those who cant, talk about those who can
  • #152,894
  • Jul 11, 2017 8:25am Jul 11, 2017 8:25am
Quoting euroboy2208
{quote} Gator any view on USDCAD..
usually it follows oil.. i have oil 40 or less coming.. i got conflict.. i cant long till 1.2050ish. these views are opposite..
those who can, do. those who cant, talk about those who can
  • #152,895
  • Jul 11, 2017 8:37am Jul 11, 2017 8:37am
Quoting gatorinla
{quote} usually it follows oil.. i have oil 40 or less coming.. i got conflict.. i cant long till 1.2050ish. these views are opposite..
With oil falling.and Canada housijg market trouble..even with boc rate hike tomorrow.loonie can go to 1.32...
There is a chance boc may not hike rates tomorrow
  • #152,896
  • Jul 11, 2017 8:40am Jul 11, 2017 8:40am
last h closed above 1386 and 1400.. a bullish sign alone.. but it was bullish into Resistance. that not a bullish sign either necessarily overall. London will roll in 2 hrs.. above 1417 more likely to be bullish, but still into 145x Resistance.. bear wise L roll below 1386 is more likely to be bearish. the trend this year has been bullish.. but closer to the higher end of that 1.17ish range atm.. setting up a wtf soon with this compression at 1386 and 1417..
those who can, do. those who cant, talk about those who can
  • #152,897
  • Jul 11, 2017 9:17am Jul 11, 2017 9:17am
testing 1,2,3
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 35 KB
those who can, do. those who cant, talk about those who can
  • #152,898
  • Jul 11, 2017 9:21am Jul 11, 2017 9:21am
Quoting euroboy2208
{quote} With oil falling.and Canada housijg market trouble..even with boc rate hike tomorrow.loonie can go to 1.32... There is a chance boc may not hike rates tomorrow
chart wise 1.204x cad is due a retracement at some point// i can't see it if oil drops to 40. chart wise, its not biased on fundis or what i see.
those who can, do. those who cant, talk about those who can
  • #152,899
  • Jul 11, 2017 9:30am Jul 11, 2017 9:30am
Quoting gatorinla
testing 1,2,3 {image}
Does that mean the third attempt of testing the borderline of the range will be the last one and then direction will be clear?
  • #152,900
  • Jul 11, 2017 9:37am Jul 11, 2017 9:37am
I have a question: Why some people long and short the same pair? For me doesnt make any sense

Thx
- If you plant corn, you get corn
44 traders viewing now