The Really Useless Thread | Page 7652 | 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

  • #153,021
  • Jul 25, 2017 6:08am Jul 25, 2017 6:08am
std.. short 1706.. stop 1711+2
those who can, do. those who cant, talk about those who can
  • #153,022
  • Jul 25, 2017 7:17am Jul 25, 2017 7:17am
Quoting gatorinla
std.. short 1706.. stop 1711+2
Missed it by 2 as I had my pending at 1.1714
Let's see how it pans out
  • #153,023
  • Jul 25, 2017 7:39am Jul 25, 2017 7:39am
Quoting gatorinla
high atm is 1698ish... it's very bullish looking. but it's near 1711. beware if long, and it rolls below 1650 and 1635 today. that wouldn't end the bull necessarily. but may be a rejection retrace. atm level 1687.. its in the upper window for 0.93.. very close to the risk at 1711+
Thanks, I was long and adjusted my tp, else it would have missed by 2pips. I didn't take the 1711 short, st bulls indicate higher, I'm on the sidelines waiting for a bear setup.
Attached Image
  • #153,024
  • Jul 25, 2017 7:58am Jul 25, 2017 7:58am
I shorted @ 17045 and I think I am closing right now at 1658.
I will jump in again around 1680-85, depends on daily closes. I might miss the LL but I am studying for my final exam right now so dont wana keep my trade too long!
Nice entry Gator !
Cheer !!!!

  • #153,025
  • Jul 25, 2017 8:00am Jul 25, 2017 8:00am
Quoting Angelina
I shorted @ 17045 and I think I am closing right now at 1658. I will jump in again around 1680-85
your green atm.. u may wait a 1/2 hour and see where it ends.. 1635 or 1650.. if below, give more bear room. on a scalp size trade, u may be in a good position..
those who can, do. those who cant, talk about those who can
  • #153,026
  • Jul 25, 2017 8:04am Jul 25, 2017 8:04am
Quoting gatorinla
{quote} your green atm.. u may wait a 1/2 hour and see where it ends.. 1635 or 1650.. if below, give more bear room. on a scalp size trade, u may be in a good position..
Omg, I forgot 1h candle(London close)
Thank you for reminding
Your entry was almost perfect!

If 4h closed below 1687, I will jump in again !
I need to study 200 drug lit by the end of Aug, I will wait for your review then
  • #153,027
  • Jul 25, 2017 8:09am Jul 25, 2017 8:09am
Quoting Angelina
{quote} Omg, I forgot 1h candle(London close) Thank you for reminding Your entry was almost perfect!
it's just one scalp. so u should end up b/e or green. if it ends up below 1645 that wouldn't look bad for bears st. if its above it or 1650, it may be better to close. but keep in mind 1711 isn't a ordinary level.. it may get several rejections before any drop..
those who can, do. those who cant, talk about those who can
  • #153,028
  • Jul 25, 2017 8:15am Jul 25, 2017 8:15am
Quoting gatorinla
{quote} it's just one scalp. so u should end up b/e or green. if it ends up below 1645 that wouldn't look bad for bears st. if its above it or 1650, it may be better to close. but keep in mind 1711 isn't a ordinary level.. it may get several rejections before any drop..
Got in at 1.171 be now where would your st tp be gator i was thinking around 1.16 waiting for london roll
  • #153,029
  • Jul 25, 2017 8:23am Jul 25, 2017 8:23am
Quoting shohi92
{quote} Got in at 1.171 be now where would your st tp be gator i was thinking around 1.16 waiting for london roll
look it's a personal choice. if it rolls below 1635, i am more likely to look for a bigger run. especially if this week ends up below 1650. the run up to 17xx is 1200/1400 ish pips.. 1/2 of that would be what i would look for. just go back and read. it's already there.
those who can, do. those who cant, talk about those who can
  • #153,030
  • Jul 25, 2017 8:28am Jul 25, 2017 8:28am
testing 1650 with 2 min b4 roll
Attached Image
those who can, do. those who cant, talk about those who can
  • #153,031
  • Jul 25, 2017 8:33am Jul 25, 2017 8:33am
the close was above 1650 and 1645. that leaves me to believe its not ready to move sub 1650 atm.. st it will probably bounce and maybe retest 1711.. so i closed short 1647. and went long.. tp 1678+.. s/i 1643.. reloading short after 1678
those who can, do. those who cant, talk about those who can
  • #153,032
  • Jul 25, 2017 8:34am Jul 25, 2017 8:34am
Quoting gatorinla
{quote} look it's a personal choice. if it rolls below 1635, i am more likely to look for a bigger run. especially if this week ends up below 1650. the run up to 17xx is 1200/1400 ish pips.. 1/2 of that would be what i would look for. just go back and read. it's already there.
I think that even it drop lower low than 1625, there is still a chance to retrace up to 1650-55 area before dropping down further !
I will wait for short set up again around London open.
I should have held this trade.
110xx is on the way, could be !
  • #153,033
  • Jul 25, 2017 8:35am Jul 25, 2017 8:35am
Quoting gatorinla
the close was above 1650 and 1645. that leaves me to believe its not ready to move sub 1650 atm.. st it will probably bounce and maybe retest 1711..
I think we have 25 mins more for 1h candle close Gator?
11:35 AM EST now!

Wait for another 25 mins more to see any spike down!
  • #153,034
  • Jul 25, 2017 8:38am Jul 25, 2017 8:38am
Quoting gatorinla
testing 1650 with 2 min b4 roll {image}
I thought London closes on the hour, not on the half hour?!!! Thought it will close in 23 minutes?!!!
  • #153,035
  • Jul 25, 2017 8:42am Jul 25, 2017 8:42am
Quoting Angelina
{quote} I think we have 25 mins more for 1h candle close Gator? 11:35 AM EST now! Wait for another 25 mins more to see any spike down!
yeah, but i do it different..i use the 30.. its when the market really closes.. read above.. i said next 1/2 hour
those who can, do. those who cant, talk about those who can
  • #153,036
  • Jul 25, 2017 8:44am Jul 25, 2017 8:44am
Quoting gatorinla
{quote} your green atm.. u may wait a 1/2 hour and see where it ends.. 1635 or 1650.. if below, give more bear room. on a scalp size trade, u may be in a good position..
.
those who can, do. those who cant, talk about those who can
  • #153,037
  • Jul 25, 2017 8:53am Jul 25, 2017 8:53am
Quoting Angelina
{quote} I think that even it drop lower low than 1625, there is still a chance to retrace up to 1650-55 area before dropping down further ! I will wait for short set up again around London open. I should have held this trade. 110xx is on the way, could be !
since i didnt get the -1645 close,, to me it's bullish even st. today to me closed 1657, above yest 1645 and above week 1650.. still below 1711, but bullish. so to me the high at 1711 or near it will get a test.. 1/2 way is 1678. 1711 is a R, so i may fu here. but i respecte 1711 and the inability of bears not closing below 1945 today. tomorrow i will use 1650 since 1657 is close and above it.. the same with a 12h close.. later on
those who can, do. those who cant, talk about those who can
  • #153,038
  • Jul 25, 2017 8:57am Jul 25, 2017 8:57am
Quoting gatorinla
{quote} since i didnt get the -1645 close,, to me it's bullish even st. today to me closed 1657, above yest 1645 and above week 1650.. still below 1711, but bullish. so to me the high at 1711 or near it will get a test.. 1/2 way is 1778. 1711 is a R, so i may fu here. but i respectes 1711 and the inability of bears not closing below 1945 today. tomorrow i will
use 1650 since 1657 is close and above it..
Do you mean 1678 as 1/2 way?
Beware of Draghi
  • #153,039
  • Jul 25, 2017 8:59am Jul 25, 2017 8:59am
Quoting Paolob
{quote} Do you mean 1678 as 1/2 way?
fixed and yeah
those who can, do. those who cant, talk about those who can
  • #153,040
  • Jul 25, 2017 9:10am Jul 25, 2017 9:10am
once 1657+ starts closing hrs today, 1657 it may be some support, with 1650 backing it.. atm 1657 may act as R, but it was a higher day close.. and it was above 1650, so i expect 1657 to be a smaller R and be broken and later support
Attached Image
those who can, do. those who cant, talk about those who can
15 traders viewing now