The Really Useless Thread | Page 7806 | 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

  • #156,101
  • Nov 1, 2017 7:16am Nov 1, 2017 7:16am
Quoting gatorinla
{quote} the level above 1654 is 1705.. in case adp disappoints.. i have my sell pending.. st target indicated 1709.. not to long.. but to catch a short.
Are you still holding short?
I think it is gona drop might be !
The retrace is getting weaker on 4h chart, not sure but will sell the rally

1631 atm
  • #156,102
  • Nov 1, 2017 7:17am Nov 1, 2017 7:17am
Quoting gatorinla
{quote} NFP friday. last month -33k.. missed forecast. no 300K hits since 2014. not so sure it will hit the 311 this time. it may be hurricane related, so i may be full of shit. but its not the first time for a storm to hit payroll. Sandy was pretty big in the population it hit. the numbers werent negative with sandy. less than expected. but not negative. 311 seems like a big number. sure its had some 400k and 500k in 2010.. 300k is still a big one. {image} {image}
Thank Gator for mentioning NFP .. My EA short was triggered last night, I will make sure to close all shorts by Friday.. using timeline , that is 48 hours to go.. enough time for my trend cycle..
  • #156,103
  • Nov 1, 2017 7:25am Nov 1, 2017 7:25am
Quoting Angelina
{quote} Are you still holding short? I think it is gona drop might be ! The retrace is getting weaker on 4h chart, not sure but will sell the rally
no i closed yest with the higher L close. i may have messed up. time will tell.. that 1654 mid seems to be acting as R.. the level above is also that old day close at 1705..looking to catch a short 1709 or playing it by ear 1705 area.. the 1709 one probably needs 1607
those who can, do. those who cant, talk about those who can
  • #156,104
  • Nov 1, 2017 7:29am Nov 1, 2017 7:29am
Quoting CandleStar
{quote} Mh, I was in front of my computer screen at this moment but I did not see it close below 1629, maybe on 1629. But thanks for your view
7 hours ago, my broker Oanda had 1628 at hour close, that triggered the downtrend.... I am adding more shorts . after.
  • #156,105
  • Nov 1, 2017 7:32am Nov 1, 2017 7:32am
Quoting gatorinla
{quote} no i closed yest with the higher L close. i may have messed up. time will tell.. that 1654 mid seems to be acting as R.. the level above is also that old day close at 1705..looking to catch a short 1709 or playing it by ear 1705 area.. the 1709 one probably needs 1607
New month today and still LL on month and week.
Should give some retrace for new month, dont you think?
Should we try a little one around 154ish and 141ish back to the 1600 area then short again?
  • #156,106
  • Nov 1, 2017 7:32am Nov 1, 2017 7:32am
Quoting gatorinla
{quote} no i closed yest with the higher L close. i may have messed up. time will tell.. that 1654 mid seems to be acting as R.. the level above is also that old day close at 1705..looking to catch a short 1709 or playing it by ear 1705 area.. the 1709 one probably needs 1607
Do you have still the pending at 114,455 on uj?
Beware of Draghi
  • #156,107
  • Nov 1, 2017 7:39am Nov 1, 2017 7:39am
Quoting Angelina
{quote} New month today and still LL on month and week. Should give some retrace for new month, dont you think? Should we try a little one around 154ish and 141ish back to the 1600 area then short again?
i dont doubt its bearish. the month closed below the wicks. its also nfp week. got to expect some chop. it will not cost me a penny to place a pending that never gets triggered. i figure a short from higher, is better than where it's at atm. if its bearish in the monthly close here, it will be bearish at 1705 too..
those who can, do. those who cant, talk about those who can
  • #156,108
  • Nov 1, 2017 7:39am Nov 1, 2017 7:39am
Pending little one around 1631/33
Hope that ISM could give me a spike up to catch it then drop back down
  • #156,109
  • Nov 1, 2017 7:43am Nov 1, 2017 7:43am
Quoting Paolob
{quote} Do you have still the pending at 114,455 on uj?
yes.. but stops above 114.49
those who can, do. those who cant, talk about those who can
  • #156,110
  • Nov 1, 2017 7:48am Nov 1, 2017 7:48am
Quoting Angelina
Pending little one around 1631/33 Hope that ISM could give me a spike up to catch it then drop back down
i wouldn't touch one before 1607.5.. better yet close to low.. 1607.5 is normal.. micro bears have a 1589 target. if the low held,,, u may get 1709. the trend is down using the break on month/week,days lower cluster break with closes. i may place pending to short.. i just will not bet on those pendings to trigger.
those who can, do. those who cant, talk about those who can
  • #156,111
  • Nov 1, 2017 7:54am Nov 1, 2017 7:54am
Quoting gatorinla
{quote} i wouldn't touch one before 1607.5.. better yet close to low.. 1607.5 is normal.. micro bears have a 1589 target. if the low held,,, u may get 1709. the trend is down using the break on month/week,days lower cluster break with closes. i may place pending to short.. i just will not bet on those pendings to trigger.
On my chart, 1705 is norm, how come your pending at 1709 Gator?
  • #156,112
  • Nov 1, 2017 7:59am Nov 1, 2017 7:59am
Quoting Angelina
{quote} On my chart, 1705 is norm, how come your pending at 1709 Gator?
small dt b/o,,, its old now.. but it is why a wouldn't long w/o 1605
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 36 KB
those who can, do. those who cant, talk about those who can
  • #156,113
  • Nov 1, 2017 8:08am Nov 1, 2017 8:08am
No longs here for me. Still looking for 148x then to 1215 after a bounce
  • #156,114
  • Nov 1, 2017 8:11am Nov 1, 2017 8:11am
Quoting Angelina
{quote} On my chart, 1705 is norm, how come your pending at 1709 Gator?
the pair likes 100 pips.. and 40 pips on short moves... if you find a # like 1705. many times the one 100 away acts like s/r bounce wise to get to the major one. 1705 and 1605 are 100 apart.
i assume because large players use 100 for stops and entries.
those who can, do. those who cant, talk about those who can
  • #156,115
  • Nov 1, 2017 8:14am Nov 1, 2017 8:14am
Quoting gatorinla
{quote} the pair likes 100 pips.. and 40 pips on short moves... if you find a # like 1705. many times the one 100 away acts like s/r bounce wise to get to the major one. 1705 and 1605 are 100 apart. i assume because large players use 100 for stops and entries.
So what plan for next now Gator?
Pending short at 1709, that is all?
I dont feel comfortable with any long at this level

It just break the previous S at 1626 norm
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 23 KB
  • #156,116
  • Nov 1, 2017 8:28am Nov 1, 2017 8:28am
Quoting Angelina
{quote} So what plan for next now Gator? Pending short at 1709, that is all? I dont feel comfortable with any long at this level It just break the previous S at 1617 norm {image}
sometimes i place a little one.. for instance 1605.5 + spread.. i may place a small one there. and if the L day closed above the previous. and i wanted to long it. i have a little one to bring my c/a lower than the L day close. so if i used the L day as a stop.. my c/a making my stop slightly green.
its NFP week.. yest did close above the previous day. if it wasn't nfp week, i would be more likely to take it.
those who can, do. those who cant, talk about those who can
  • #156,117
  • Edited 9:10am Nov 1, 2017 8:29am | Edited 9:10am
Pending BUY
missed, cancelled
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 5 KB
A good trader follows his rules, but great trader knows when to break them
  • #156,118
  • Nov 1, 2017 8:41am Nov 1, 2017 8:41am
Quoting gatorinla
{quote} sometimes i place a little one.. for instance 1605.5 + spread.. i may place a small one there. and if the L day closed above the previous. and i wanted to long it. i have a little one to bring my c/a lower than the L day close. so if i used the L day as a stop.. my c/a making my stop slightly green. its NFP week.. yest did close above the previous day. if it wasn't nfp week, i would be more likely to take it.
wrong # 1607.5 correct

https://www.forexfactory.com/showthr...2#post10448342
those who can, do. those who cant, talk about those who can
  • #156,119
  • Nov 1, 2017 8:43am Nov 1, 2017 8:43am
Quoting gatorinla
{quote} small dt b/o,,, its old now.. but it is why a wouldn't long w/o 1605 {image}
wrong #1607.5

https://www.forexfactory.com/showthr...2#post10448342
those who can, do. those who cant, talk about those who can
  • #156,120
  • Nov 1, 2017 8:47am Nov 1, 2017 8:47am
Quoting gatorinla
{quote} wrong #1607.5 https://www.forexfactory.com/showthr...2#post10448342
Stop below 1.15980?
Beware of Draghi
51 traders viewing now