The Really Useless Thread | Page 7754 | 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

  • #155,061
  • Oct 4, 2017 9:02am Oct 4, 2017 9:02am
Quoting gatorinla
{quote} the lowest close is still 1704.. bulls safe until that changes... safe dont mean it will not hit 1650.. it matters where it closes. the ny one is 1723. back then.. a 200+ pip move wasn't uncommon. before then. 50/60 was a good day.. 90 now isn't so bad
Yeah..im not complaining. Still plenty of money in the market..just discourages me from scalping on the 1-4hr now. Used to do well enough with that but prefer the daily as a minimum tf now with 4 hr for entries
  • #155,062
  • Oct 4, 2017 9:02am Oct 4, 2017 9:02am
Quoting Venomousssss
The two fundamental ideas weighing me on euro usd is the nfp could be lower than expected BUT only as a result of temporary disaster with the hurricanes..not overall economic health..however..lower eur/usd could give ECB a chance to pull back stimulus..ultimately continuing the trend up again. Any thoughts on those?
ECB hates EU goes to 1.20... I don't think 1.17 is lower enough for them.. .. currently EU is top out at 120.28.. unless it breaks above that, i will short every bounce till I see 1.1500-1.1600 for swing trades...plus US data starts to get better lately, imagine those hedge funds start to close their dollar shorts....
  • #155,063
  • Oct 4, 2017 9:07am Oct 4, 2017 9:07am
Quoting Boulder
{quote} ECB hates EU goes to 1.20... I don't think 1.17 is lower enough for them.. .. currently EU is top out at 120.28.. unless it breaks above that, i will short every bounce till I see 1.1500-1.1600 for swing trades..
the month close below 1826 puts the wind to your back.. the week and day still haven't said uncle. still a good chance to attraction at 1873 this month.. and 1964 b4 1580..
those who can, do. those who cant, talk about those who can
  • #155,064
  • Oct 4, 2017 9:14am Oct 4, 2017 9:14am
Quoting Boulder
{quote} ECB hates EU goes to 1.20... I don't think 1.17 is lower enough for them.. .. currently EU is top out at 120.28.. unless it breaks above that, i will short every bounce till I see 1.1500-1.1600 for swing trades...plus US data starts to get better lately, imagine those hedge funds start to close their dollar shorts....
A lot of hedge funds have been added to their dollar shorts..not closing them. That doesnt mean they are right obviously.. I mean 1.5-6 is easily a good retracement area for the trend.. in the long term.. to touch back on previous month highs seems natural enough given the r it ran into as well as yellen tempting investors with a December hike and ECB looking for better positioning to ease up
  • #155,065
  • Oct 4, 2017 9:19am Oct 4, 2017 9:19am
Quoting gatorinla
{quote} the month close below 1826 puts the wind to your back.. the week and day still haven't said uncle. still a good chance to attraction at 1873 this month.. and 1964 b4 1580..
I am patiently waiting for the magic numbers of yours .. 1873 and 1964,, really hope we get there first... you are almost always right since I follow you...I had those two pending orders entered last week since you mentioned
  • #155,066
  • Oct 4, 2017 9:27am Oct 4, 2017 9:27am
Quoting Boulder
{quote} ECB hates EU goes to 1.20... I don't think 1.17 is lower enough for them.. .. currently EU is top out at 120.28.. unless it breaks above that, i will short every bounce till I see 1.1500-1.1600 for swing trades...plus US data starts to get better lately, imagine those hedge funds start to close their dollar shorts....
not many exceptions.. its hard to get 7 candles the same color in a row. it had 9 2014/15 run. 6 this last one.. last month was red. it could start all over, red or green. just remember, in 2008. the Fed had massive printing. The ecb had less easing. yet the eu dropped. all the pre-crash theories from the experts went into the toilet. the more the fed printed. the stronger the usd got. the experts had to change their theories to fit the market pa. no set rules can capture the variables of a world economy, too many moving parts. this is all new with a worlds influence. we never had a major war yet.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 37 KB
those who can, do. those who cant, talk about those who can
  • #155,067
  • Oct 4, 2017 9:43am Oct 4, 2017 9:43am
Makes ya wonder how they come up with crude projections. Only 5.5 mil off. Lol
  • #155,068
  • Oct 4, 2017 9:59am Oct 4, 2017 9:59am
REX Tillerson quits?
those who can, do. those who cant, talk about those who can
  • #155,069
  • Oct 4, 2017 10:03am Oct 4, 2017 10:03am
Im not watching. Did he or no?
  • #155,070
  • Oct 4, 2017 10:05am Oct 4, 2017 10:05am
Quoting gatorinla
REX Tillerson quits?
He accurately called his boss a moron, and yet, he's kissing ass to stay on.
Follow the money --Mark Felt (Deepthroat)
  • #155,071
  • Oct 4, 2017 10:15am Oct 4, 2017 10:15am
Quoting gatorinla
REX Tillerson quits?
EU will run up if he really quits today, kind doubt he will ..
  • #155,072
  • Oct 4, 2017 10:18am Oct 4, 2017 10:18am
Quoting Venomousssss
Im not watching. Did he or no?
he said no... so he may wait a month or 2.. his denial is saying something.
those who can, do. those who cant, talk about those who can
  • #155,073
  • Oct 4, 2017 10:25am Oct 4, 2017 10:25am
Quoting gatorinla
{quote} if you're using adr. the high is 1787.. adr range if it remained bearish may place it below 1734. if the L roll manages to close above 1762. it's more likely to remain bullish (with neutral news. news not known atm. lots of varibles). if it closes below 1762. that range 1695/1734 will probably be more likely on the lower end, below 1734. if it held at all.
depending on this close.. in 5 min.. 1734 with a tiny stop.. or 1705-
those who can, do. those who cant, talk about those who can
  • #155,074
  • Oct 4, 2017 10:25am Oct 4, 2017 10:25am
Quoting gatorinla
{quote} if you're using adr. the high is 1787.. adr range if it remained bearish may place it below 1734. if the L roll manages to close above 1762. it's more likely to remain bullish (with neutral news. news not known atm. lots of varibles). if it closes below 1762. that range 1695/1734 will probably be more likely on the lower end, below 1734. if it held at all.
a few mins to go for L close it seems it will close below your 1762,, I guess I will hold my 1762 short ( a bored entry, ) to 1734.... did short at 1.1781 an hour ago, closed that too earlier..
  • #155,075
  • Oct 4, 2017 10:32am Oct 4, 2017 10:32am
Quoting gatorinla
{quote} depending on this close.. in 5 min.. 1734 with a tiny stop.. or 1705-
close below 1762.. placed a pending 1766 short target 1705
those who can, do. those who cant, talk about those who can
  • #155,076
  • Oct 4, 2017 10:38am Oct 4, 2017 10:38am
placed a pending long 1707 for 1705 hit...it could go lower.. trying to short 1766/87... stop above high, could tp near 1746/34, then wait for 1766 a second time.. need 1745 broken
those who can, do. those who cant, talk about those who can
  • #155,077
  • Oct 4, 2017 10:45am Oct 4, 2017 10:45am
Thinking about close an old short @gatorinla can I go for Fed Chair Yellen Speaks!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 777.png Size: 32 KB
don't predict direction, but dance with flow of water
  • #155,078
  • Oct 4, 2017 10:49am Oct 4, 2017 10:49am
Quoting priceaction1
Thinking about close an old short @gatorinla can I go for Fed Chair Yellen Speaks!!!!! {image}
i am trying to catch the edge. 1704 hasn't closed below yet another day. hoping to catch 1787/66 spike.. then ride it to 1705, if 1746 allows. it missed 1734, that and a red Lday may give that 15 min db a problem.. enough to head for 1704.. yellen/dragis not included.. trying to catch the 1766.6 wick
those who can, do. those who cant, talk about those who can
  • #155,079
  • Oct 4, 2017 11:03am Oct 4, 2017 11:03am
so 1.1705-1.1710 area!!
don't predict direction, but dance with flow of water
  • #155,080
  • Oct 4, 2017 11:04am Oct 4, 2017 11:04am
let me disclose.. i am having a kidney stone attack.. i am under the influence of pain meds. i usually dont take these meds for most k stones.. this particuliar time it's pretty annoying, so i did. i feel slightly loaded. i do have another bullish setup.. that one along with the red L close would be better with a entry on the touch of 1734... and closed below 1733 (S/O -1733).. the bull one has the better R/R because entry to stop is only 3 pips +spread. it fails at 1732.. the red Lday leads me to believe 1734 has a good chance of being hit. its the reason in the other setup i wanted to tp some 1734/46
those who can, do. those who cant, talk about those who can
150 traders viewing now