The Really Useless Thread | Page 7715 | 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

  • #154,281
  • Edited 12:08pm Aug 23, 2017 10:33am | Edited 12:08pm
London rolled high from yesterday, we still have two R in play 1.182x and the .184x,
everything look bull but at the R maybe testing during NY
Beware of Draghi
  • #154,282
  • Aug 23, 2017 11:48am Aug 23, 2017 11:48am
Quoting Paolob
London rolled high from yesterday, we still have two R in play 1.172x and the .1174x, everything look bull but at the R maybe testing during NY
Hi, do u mean 1.182x and 1.184x?
Thanks.
Dont trade like me..
  • #154,283
  • Edited 12:58pm Aug 23, 2017 11:51am | Edited 12:58pm
Gator said something like 87/day average...
1740+87 = 1827, 1826 again? I think 1844 is better... dont know
I will try for both anyway

good luck!
  • #154,284
  • Aug 23, 2017 12:07pm Aug 23, 2017 12:07pm
Taking a break from eur usd and stacking ucad shorts :/ better signal on the weekly
  • #154,285
  • Aug 23, 2017 12:08pm Aug 23, 2017 12:08pm
Quoting sanvulture
{quote} Hi, do u mean 1.182x and 1.184x? Thanks.
yes typo, fixed
Beware of Draghi
  • #154,286
  • Aug 23, 2017 12:26pm Aug 23, 2017 12:26pm
Quoting gatorinla
on small charts 1766 may act supportive.. closes below it and 1558 should be suspect to dropping.. adr about 1700 ish or 1835 ish
I'm starting to like that spot myself, but after a mover higher first...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 54 KB
Look Sharp/Trade Tight
  • #154,287
  • Aug 23, 2017 4:11pm Aug 23, 2017 4:11pm
Day look bullish, idk look scary this sandwich.
still short, on bear side we closed below r1
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4691.jpg Size: 57 KB
Beware of Draghi
  • #154,288
  • Edited 6:05pm Aug 23, 2017 5:25pm | Edited 6:05pm
1726 holding so far.. Lday closed higher into near 1826 Resistance. 1827 looks to be the sister of 1846 high. if it breaks 1827, the odds are not too bad u can sleep a little and wait for it to retrace to 1744.. after u may be able to target near 1.2... if 1827 isnt broken, 1547 is still valid... as well as 1526. bull/bear still may see 1744 again even if bullish b4 1993
those who can, do. those who cant, talk about those who can
  • #154,289
  • Aug 23, 2017 5:30pm Aug 23, 2017 5:30pm
Quoting gatorinla
1726 holding so far.. Lday closed higher into near 1726 Resistance. 1827 looks to be the sister of 1846 high. if it breaks 1827, the odds are not too bad u can sleep a little and wait for it to retrace to 1744.. after u may be able to target near 1.2... if 1827 isnt broken, 1547 is still valid... as well as 1526. bull/bear still may see 1744 again even if bullish b4 1993
typo? it should be 1826..
  • #154,290
  • Aug 23, 2017 5:31pm Aug 23, 2017 5:31pm
Quoting gatorinla
1726 holding so far.. Lday closed higher into near 1726 Resistance. 1827 looks to be the sister of 1846 high. if it breaks 1827, the ods are not too bad u can sleep a little and wait for it to retrace to 1744.. after u may be able to target near 1.2... if 1827 isnt broken, 1547 is still valid... as well as 1526. bull/bear still may see 1744 again even if bullish b4 1993
Are you Still holding the short?
Beware of Draghi
  • #154,291
  • Aug 23, 2017 6:05pm Aug 23, 2017 6:05pm
Quoting Boulder
{quote} typo? it should be 1826..
fixed
those who can, do. those who cant, talk about those who can
  • #154,292
  • Aug 23, 2017 6:33pm Aug 23, 2017 6:33pm
Quoting gatorinla
{quote} fixed
I noticed last a few week days, it went around 15 pips+- one direction after open, then turned opposite direction 70 pips +and - for daily adr 90 pips. Today it may be the same, it may go up to 1820s/ 1830s , turn around to 1750s and 1740s.... that will be my plan to short it...
  • #154,293
  • Aug 24, 2017 1:30am Aug 24, 2017 1:30am
Quoting gatorinla
1726 holding so far.. Lday closed higher into near 1826 Resistance. 1827 looks to be the sister of 1846 high. if it breaks 1827, the odds are not too bad u can sleep a little and wait for it to retrace to 1744.. after u may be able to target near 1.2... if 1827 isnt broken, 1547 is still valid... as well as 1526. bull/bear still may see 1744 again even if bullish b4 1993
on a shorter term scale. if u think 1827 will fail. u may get a Long after 1780 is hit.. 1780/1739. later on after the high would break. u can use the larger one quoted above. if the senate committee releases Steel findings, like Grassely indicated he would allow a vote on. it may hurt the usd.. i dont know what the affect would be. it may make the usd have more risk with the public and Trump response.
those who can, do. those who cant, talk about those who can
  • #154,294
  • Aug 24, 2017 1:44am Aug 24, 2017 1:44am
Quoting gatorinla
{quote} on a shorter term scale. if u think 1827 will fail. u may get a Long after 1780 is hit.. 1780/1739. later on after the high would break. u can use the larger one quoted above. if the senate committee releases Steel findings, like Grassely indicated he would allow a vote on. it may hurt the usd.. i dont know what the affect would be. it may make the usd have more risk with the public and Trump response.
not sure if world response would demand usd or reject it. since January its a rejection mostly. could Steel release bring demand back? possibly. an anticipation in leadership change would probably grow.
those who can, do. those who cant, talk about those who can
  • #154,295
  • Aug 24, 2017 1:54am Aug 24, 2017 1:54am
Quoting gatorinla
{quote} on a shorter term scale. if u think 1827 will fail. u may get a Long after 1780 is hit.. 1780/1739. later on after the high would break. u can use the larger one quoted above. if the senate committee releases Steel findings, like Grassely indicated he would allow a vote on. it may hurt the usd.. i dont know what the affect would be. it may make the usd have more risk with the public and Trump response.
if you think its going to retrace to 1780 here. atm its at 1789, it may bounce to 1808/22. 1808 then 1765.. still have some 1784 support..
those who can, do. those who cant, talk about those who can
  • #154,296
  • Aug 24, 2017 2:00am Aug 24, 2017 2:00am
.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 20 KB
those who can, do. those who cant, talk about those who can
  • #154,297
  • Aug 24, 2017 6:53am Aug 24, 2017 6:53am
Quoting gatorinla
. {image}
I have 1.1702 as a matter of fact but it is moving in 30 pips range. so not sure if we get there
  • #154,298
  • Aug 24, 2017 7:12am Aug 24, 2017 7:12am
Quoting gatorinla
{quote} if you think its going to retrace to 1780 here. atm its at 1789, it may bounce to 1808/22. 1808 then 1765.. still have some 1784 support..
ok 1808 done... lets try 1780 and 1765 or less
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 19 KB
those who can, do. those who cant, talk about those who can
  • #154,299
  • Aug 24, 2017 7:35am Aug 24, 2017 7:35am
Quoting giveachance
{quote} I have 1.1702 as a matter of fact but it is moving in 30 pips range. so not sure if we get there
it hasn't broken 1826 this time.. it hasn't closed a 4h above it in weeks. after trying 4 times. counting yesterday and now as the 4th time.. it seemed like some good r/R to short near it.. with a stop above the wicks.. 1847 is above the higher wick.. straight up since jan 1400ish pips... norm at 700 ish pips.. risking less than 30 pips.. the math worked for me. now if august closes below 1826 and better yet 1784 and better start with a day below 1705... -1734 is a good start.. still have 7 ish days to go..
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 41 KB
those who can, do. those who cant, talk about those who can
  • #154,300
  • Aug 24, 2017 7:48am Aug 24, 2017 7:48am
Quoting gatorinla
{quote} it hasn't broken 1826 this time.. it hasn't closed a 4h above it in weeks. after trying 4 times. counting yesterday and now as the 4th time.. it seemed like some good r/R to short near it.. with a stop above the wicks.. 1847 is above the higher wick.. straight up since jan 1400ish pips... norm at 700 ish pips.. risking less than 30 pips.. the math worked for me. now if august closes below 1826 and better yet 1784 and better start with a day below 1705... -1734 is a good start.. still have 7 ish days to go.. {image}
currently 1798, bull needs 75 and bear needs 70 pips to finish the ADR business .. let bear win..
198 traders viewing now