The Really Useless Thread | Page 7656 | 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

  • #153,101
  • Jul 26, 2017 6:08pm Jul 26, 2017 6:08pm
Quoting Angelina
{quote} Wow, are you still holding short? what price? Its broken 1711 and went up at 1738 already! I believe that we will have a chance for short at higher price ! Very risky, but your choice !
I had pendings at .1712 ⇒ got filled at .1716 .. and another one at .1722 ⇒ got filled at .1725
I'll wait till London open and see
  • #153,102
  • Jul 26, 2017 6:35pm Jul 26, 2017 6:35pm
Quoting edyraper
{quote} 1735 is 38% of same move.
daily R 1 moved to 1784.. week R1 1752..
those who can, do. those who cant, talk about those who can
  • #153,103
  • Jul 26, 2017 6:49pm Jul 26, 2017 6:49pm
dpp at the site i posted is 1698 or 1703. i flicked back and forth several times from week to day. the pp changed several times while doing it. i would be sceptical some about it using the classical day setting. its bullish and broke a high. the pp indicates it may be attracted to the 1700 area
those who can, do. those who cant, talk about those who can
  • #153,104
  • Jul 26, 2017 10:47pm Jul 26, 2017 10:47pm
Next month will be hard enough to trade
You cannot learn better without losing
  • #153,105
  • Jul 26, 2017 11:13pm Jul 26, 2017 11:13pm
trying a paper method (not mine). i was supposed to short 1772 but not above 1807. because it may be a b/o bull at 1807.
never did this live atm.. pp 1697, but long is supposed to be 1703/04 and b/o bear 1669..
so if this thing drops b4 1807 to 1703, or continues after 1807.. i may be a student.
using my own, i see some possible R 1784/5
those who can, do. those who cant, talk about those who can
  • #153,106
  • Jul 26, 2017 11:25pm Jul 26, 2017 11:25pm
Quoting gatorinla
trying a paper method (not mine). i was supposed to short 1772 but not above 1807. because it may be a b/o bull at 1807. never did this live atm.. pp 1697, but long is supposed to be 1703/04 and b/o bear 1669.. so if this thing drops b4 1807 to 1703, or continues after 1807.. i may be a student. using my own, i see some possible R 1784/5
.
Attached Image
those who can, do. those who cant, talk about those who can
  • #153,107
  • Edited 11:51pm Jul 26, 2017 11:30pm | Edited 11:51pm
Quoting gatorinla
trying a paper method (not mine). i was supposed to short 1772 but not above 1807. because it may be a b/o bull at 1807. never did this live atm.. pp 1697, but long is supposed to be 1703/04 and b/o bear 1669.. so if this thing drops b4 1807 to 1703, or continues after 1807.. i may be a student. using my own, i see some possible R 1784/5
Normal weekly candle ext @ 1806, I would try a short around there.
Personally, I like the 176.4 (1871 or any prices just above is much safer for long term building short)

Also monthly candle ext 200% at 1772
  • #153,108
  • Jul 26, 2017 11:52pm Jul 26, 2017 11:52pm
Quoting gatorinla
trying a paper method (not mine). i was supposed to short 1772 but not above 1807. because it may be a b/o bull at 1807. never did this live atm.. pp 1697, but long is supposed to be 1703/04 and b/o bear 1669.. so if this thing drops b4 1807 to 1703, or continues after 1807.. i may be a student. using my own, i see some possible R 1784/5
What is the method's name? Paper method?
  • #153,109
  • Jul 26, 2017 11:58pm Jul 26, 2017 11:58pm
amount of retrace up to debate. a close below 1743 would be below 12H using london setup..
those who can, do. those who cant, talk about those who can
  • #153,110
  • Jul 27, 2017 12:00am Jul 27, 2017 12:00am
Quoting edyraper
{quote} What is the method's name? Paper method?
i look at many.. i will post if it worth a shit.. most are crap. this one cam related

1 h candle nearly engulfed.. it probably still needs 1743 closed below
those who can, do. those who cant, talk about those who can
  • #153,111
  • Jul 27, 2017 12:06am Jul 27, 2017 12:06am
Quoting gatorinla
{quote} i look at many.. i will post if it worth a shit.. most are crap. this one cam related 1 h candle nearly engulfed.. it probably still needs 1743 closed below
Thanks.
Eu will short lower tf double top/squeeze... watching it.
  • #153,112
  • Jul 27, 2017 12:08am Jul 27, 2017 12:08am
Quoting Angelina
{quote} Normal weekly candle ext @ 1806, I would try a short around there. Personally, I like the 176.4 (1871 or any prices just above is much safer for long term building short) Also monthly candle ext 200% at 1772
i stole someone else's method since it was close to 1784. 1784 is simple.. its 5.9% over 1711. i look there-ish 11.8-ish. the 12 is also bullish at 1743.. thinking out the box.. 1635 would was bearish below 1657 & 1650...
those who can, do. those who cant, talk about those who can
  • #153,113
  • Edited 12:31am Jul 27, 2017 12:13am | Edited 12:31am
Quoting gatorinla
{quote} i stole someone else's method since it was close to 1784. 1784 is simple.. its 5.9% over 1711. i look there-ish 11.8-ish
Oh ok! sounds interesting !
Look at weekly candle ext 138.2 is 1776
It also gave some retrace at 123.6 at 1741 already!

After 1711 level broken, my review has changed.
The bottom now is around 11xx-13xx, can not lower than 11xx. If it rallies up to 1.20xx-1.21xx before drop down, I would think that it will revisit 1711 than go up north. We will see 12xx-13xx with this monthly strength in couple month!
Next 5-15 years, we will see 1.50xx-1.70xx again!

I will post chart later for my view!
  • #153,114
  • Jul 27, 2017 12:16am Jul 27, 2017 12:16am
We have hit the quarterly R1 pivot @ 1.1723. Might get a pullback to Q2 close @ 1.1425.
  • #153,115
  • Jul 27, 2017 1:54am Jul 27, 2017 1:54am
Quoting gatorinla
{quote} i stole someone else's method since it was close to 1784. 1784 is simple.. its 5.9% over 1711. i look there-ish 11.8-ish. the 12 is also bullish at 1743.. thinking out the box.. 1635 would was bearish below 1657 & 1650...
Draw the weekly candle ext, you will have all the numbers above!
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 75 KB
  • #153,116
  • Jul 27, 2017 6:29am Jul 27, 2017 6:29am
Quoting gatorinla
trying a paper method (not mine). i was supposed to short 1772 but not above 1807. because it may be a b/o bull at 1807. never did this live atm.. pp 1697, but long is supposed to be 1703/04 and b/o bear 1669.. so if this thing drops b4 1807 to 1703, or continues after 1807.. i may be a student. using my own, i see some possible R 1784/5
interesting.
Attached Image
those who can, do. those who cant, talk about those who can
  • #153,117
  • Jul 27, 2017 6:50am Jul 27, 2017 6:50am
I miss Sisse and his parity...
  • #153,118
  • Jul 27, 2017 6:57am Jul 27, 2017 6:57am
Quoting gatorinla
{quote} i stole someone else's method since it was close to 1784. 1784 is simple.. its 5.9% over 1711. i look there-ish 11.8-ish. the 12 is also bullish at 1743.. thinking out the box.. 1635 would was bearish below 1657 & 1650...
maybe a buy above 1650. but if london rolls below 1635. it may not be good to be a bull. more confirmation would be closing friday below 1650, or stronger below whenever today would be below 1635, on tomorrow's roll.
those who can, do. those who cant, talk about those who can
  • #153,119
  • Jul 27, 2017 8:43am Jul 27, 2017 8:43am
std.. placed a pending buys just above 1650.. stops below 1635... i could have tried above 1669 after 1703, but didnt want stops so long.. so for this week above 1650, and for today above 1635. below more likely to make a bear run
those who can, do. those who cant, talk about those who can
  • #153,120
  • Jul 27, 2017 11:03am Jul 27, 2017 11:03am
Quoting gatorinla
{quote} kev used to wait for a high to be broken. i am trying to look for his reason.. 1.2 was definitely missed. if i can find kev's reason.. i may get that dt break retrace for 1.1
I remember reading a book of interviews with market gurus who made fortunes from trading, all retired from trading. Most of them said the same thing: they simply traded breakouts BUT back in the days, when price broke out a S/R, it never looked back. While these days, S/R get manipulated more often to trade the strategy
85 traders viewing now