The Really Useless Thread | Page 7786 | 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

  • #155,701
  • Oct 23, 2017 8:22am Oct 23, 2017 8:22am
Quoting gatorinla
{quote} my s1 on month at 1653.. that and breaking the db. has me leaning for retrace.. a norm retrace being 1964. so i would have to respect it being at least half that amount. 1653 may not stop it. but the closer to 1580 makes it harder, my s2 is 1498, the mid 1575 just below 1580.. i have to keep in mind, the day still hasn't closed -1705. last friday week did close -1840. but it also didnt close below 1724.8. the ones bears need to beat is a day close -1705, and a week - 1724. last week not closing above 1841 was bearish.. here near 1705/1724.8...
Gator, you are exact right.. first challenge is 1705 (close to 1710), 1710 is Ichimoku cloud bottom, price has never closed below Ichimoku cloud bottom for Months since Mar

https://pbs.twimg.com/media/DM0vea4X4AAAir2.jpg
  • #155,702
  • Oct 23, 2017 8:30am Oct 23, 2017 8:30am
Quoting gatorinla
{quote} i will close 167x. more than likely. it will be against weekly range by then. if it breaks the 166x db. it may find some support soon after 165x area give or take 20 pips.. regardless once below that db. a bounce to 1964 not out of the norm. so i wouldn't count out 1880 once more. get a L day close below 1705 and u can lessen chances of that bounce. the month range could still yield 1445. that 1445 rance chance increased with a L close under 1705. with a week till months end, maybe it gets some volatility. i see it wanting 1580, but it hasn't...
Playing like 1880 hit. I expect 166x to break. I expected I'd be richer and better looking by now too. My expectations don't always pan out.
  • #155,703
  • Oct 23, 2017 8:43am Oct 23, 2017 8:43am
stubborn support down here, maybe produces a bounce...perhaps a deeper pullback in UJ in the works also...
Look Sharp/Trade Tight
  • #155,704
  • Oct 23, 2017 9:33am Oct 23, 2017 9:33am
Quoting Paolob
{quote} Nice to see you back! i will buy here and around 1,16870 support
Stop at be, it could drop for the daily adr
Beware of Draghi
  • #155,705
  • Oct 23, 2017 11:07am Oct 23, 2017 11:07am
I think 1.1789 is a decent R, but I've lost my appetite to trade...back later, good luck..

Ps..Upside ATR still around 1.18ish
Look Sharp/Trade Tight
  • #155,706
  • Oct 23, 2017 11:12am Oct 23, 2017 11:12am
Quoting PayTheLimit
I think 1.1789 is a decent R, but I've lost my appetite to trade...back later, good luck.. Ps..Upside ATR still around 1.18ish

Did you take the pending buy at 1.1750?
  • #155,707
  • Oct 23, 2017 11:30am Oct 23, 2017 11:30am
Quoting Trenderer
{quote} Did you take the pending buy at 1.1750?
no I did not sir, waiting for 1.1712 right now...or something else that might develop...
Look Sharp/Trade Tight
  • #155,708
  • Oct 23, 2017 1:33pm Oct 23, 2017 1:33pm
Quoting gatorinla
{quote} my s1 on month at 1653.. that and breaking the db. has me leaning for retrace.. a norm retrace being 1964. so i would have to respect it being at least half that amount. 1653 may not stop it. but the closer to 1580 makes it harder, my s2 is 1498, the mid 1575 just below 1580.. i have to keep in mind, the day still hasn't closed -1705. last friday week did close -1840. but it also didnt close below 1724.8. the ones bears need to beat is a day close -1705, and a week - 1724. last week not closing above 1841 was bearish.. here near 1705/1724.8...
Gator, Just touched your 1724.8 support .. hope it breaks next time for 1705 next... adr today only 52 so far. we still have room and time to go down if it may..
  • #155,709
  • Oct 23, 2017 2:05pm Oct 23, 2017 2:05pm
Quoting Boulder
{quote} Gator, Just touched your 1724.8 support .. hope it breaks next time for 1705 next... adr today only 52 so far. we still have room and time to go down if it may..
We will see. Quite often it needs three attempts to push through, which would mean another going up as this is the second one.
Does not have to be so
  • #155,710
  • Oct 23, 2017 2:32pm Oct 23, 2017 2:32pm
Quoting CandleStar
{quote} We will see. Quite often it needs three attempts to push through, which would mean another going up as this is the second one. Does not have to be so
true , we may have to wait till tomorrow or later,, I wish it gets done today before German/Euro PMI news are coming up , if they beat, which is highly possible, then we have to wait longer.... current hourly down trend stop is 1.17765
  • #155,711
  • Oct 23, 2017 3:13pm Oct 23, 2017 3:13pm
Quoting Boulder
{quote} true , we may have to wait till tomorrow or later,, I wish it gets done today before German/Euro PMI news are coming up , if they beat, which is highly possible, then we have to wait longer.... current hourly down trend stop is 1.17765
Yes, thanks, have not seen the PMI. Will probably help Euro, but not forever
I thought too it would go deeper today, but if you look at history this support zone is hard to crack.
For me the hourly downtrend has already ended. How do you come to the value of 1765?
Cya tomorrow
  • #155,712
  • Oct 23, 2017 3:34pm Oct 23, 2017 3:34pm
I think the sentiment on the pair is bearish..though i personally disagree but that's another post entirely. As for the pair not taking a dump further today, its like going to be hard to push too far down with the ECB expected to lay out their plan for tightening up as well. likely too be a more bullish economic announcement I would guess, at least data wise..doubt big players will risk a heavy short before hearing what Thursday brings..and maybe even Friday for GDP
  • #155,713
  • Edited 4:06pm Oct 23, 2017 3:51pm | Edited 4:06pm
Quoting CandleStar
{quote} Yes, thanks, have not seen the PMI. Will probably help Euro, but not forever I thought too it would go deeper today, but if you look at history this support zone is hard to crack. For me the hourly downtrend has already ended. How do you come to the value of 1765? Cya tomorrow
I said 1776 not 1765,, almost today' high, price needs to close above that at the hour for me to think the hourly down trend is over.... currently still not yet... of course, tomorrow 1776 will be changed again with new development..
  • #155,714
  • Oct 23, 2017 5:51pm Oct 23, 2017 5:51pm
Quoting gatorinla
{quote} my s1 on month at 1653.. that and breaking the db. has me leaning for retrace.. a norm retrace being 1964. so i would have to respect it being at least half that amount. 1653 may not stop it. but the closer to 1580 makes it harder, my s2 is 1498, the mid 1575 just below 1580.. i have to keep in mind, the day still hasn't closed -1705. last friday week did close -1840. but it also didnt close below 1724.8. the ones bears need to beat is a day close -1705, and a week - 1724. last week not closing above 1841 was bearish.. here near 1705/1724.8...
need to close below 1705 on L day and 1724.8 on week.
those who can, do. those who cant, talk about those who can
  • #155,715
  • Oct 23, 2017 5:53pm Oct 23, 2017 5:53pm
Quoting gatorinla
{quote} . i have to keep in mind, the day still hasn't closed -1705. last friday week did close -1840. but it also didnt close below 1724.8. the ones bears need to beat is a day close -1705, and a week - 1724. last week not closing above 1841 was bearish.. here near 1705/1724.8 is supportive.
it held 1724 so far.
those who can, do. those who cant, talk about those who can
  • #155,716
  • Oct 23, 2017 5:58pm Oct 23, 2017 5:58pm
L close at 1742 is below 1783.. a bearish close. i hope to test 1705
those who can, do. those who cant, talk about those who can
  • #155,717
  • Oct 23, 2017 6:30pm Oct 23, 2017 6:30pm
mid point stopped bulls earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 25 KB
those who can, do. those who cant, talk about those who can
  • #155,718
  • Edited 8:05pm Oct 23, 2017 7:07pm | Edited 8:05pm
Quoting gatorinla
mid point stopped bulls earlier. {image}
my number almost the same. at 8pm est, downtrend stop 1766 at the hour close ... bears need to hold that level at hour close for the trend to continue..

at 9pm est, downtrend stop 1763..
  • #155,719
  • Oct 23, 2017 9:53pm Oct 23, 2017 9:53pm
Have a Pending SHORT
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 4 KB
A good trader follows his rules, but great trader knows when to break them
  • #155,720
  • Oct 24, 2017 1:23am Oct 24, 2017 1:23am
I'm confused, as we going up, or down....did eek out a LL on the 4hr, based on that think I prefer to sell a bounce...but from where, looking at the 1.18 area surely, 1.1804/1.1811 somewhere near there...
Look Sharp/Trade Tight
8 traders viewing now