The Really Useless Thread | Page 7858 | 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

  • #157,141
  • Nov 16, 2017 6:39am Nov 16, 2017 6:39am
Quoting gatorinla
{quote} just a wolf in sheep's clothing trying to lure some retailers. usually a tag team involved.. someone cheerleading, to say " try this person's system " .. another willing to take the cc..
One price ten pounds.


Inserted Video
  • #157,142
  • Nov 16, 2017 6:41am Nov 16, 2017 6:41am
Quoting Venomousssss
what time is the tax bill vote
this is first news that i saw..
SENATE FINANCE COMMITTEE TO CONTINUE TAX MARKUP AT 11 A.M. ET
  • #157,143
  • Nov 16, 2017 6:49am Nov 16, 2017 6:49am
Quoting Boulder
{quote} Trend is our friend,,,I think we will be ok...just make sure not close above 1802 at hour close..
at this hour, downtrend stop move to 1799 at hour close... its only 3 hours in the trend.. the bears need to push down....otherwise..bulls will catch up..
  • #157,144
  • Nov 16, 2017 7:00am Nov 16, 2017 7:00am
Quoting Boulder
{quote} at this hour, downtrend stop move to 1799 at hour close... its only 3 hours in the trend.. the bears need to push down....otherwise..bulls will catch up..
We will certainly go higher but not this hour.
If you look @ an M5 chart you can see the algo working / buying.
It is so much fun
Anyway, time for shopping.
Will have to sell from higher, I expected that.
  • #157,145
  • Nov 16, 2017 7:07am Nov 16, 2017 7:07am
Gator, do you see BTCUSD?,, last week when we talked about was in 6000s... now 7500..next week .. it will be 8000 for sure..
  • #157,146
  • Nov 16, 2017 7:13am Nov 16, 2017 7:13am
Quoting Boulder
{quote} this is first news that i saw.. SENATE FINANCE COMMITTEE TO CONTINUE TAX MARKUP AT 11 A.M. ET
another one..

WHITE HOUSE CONFIDENT THEY’VE GOT VOTES FOR TAX BILL: OFFICIAL
  • #157,147
  • Nov 16, 2017 7:14am Nov 16, 2017 7:14am
Quoting Boulder
{quote} at this hour, downtrend stop move to 1799 at hour close... its only 3 hours in the trend.. the bears need to push down....otherwise..bulls will catch up..
Your system seems to be quite good with ranging.
Maybe you should add something for trending cause I have the feeling it is coming too late.
Just a thought.
I have similar stuff like you but also have additionals for higher TFs (H4 (my friend), Daily, Weekly and amonthly).
  • #157,148
  • Nov 16, 2017 7:15am Nov 16, 2017 7:15am
Quoting Boulder
{quote} another one.. WHITE HOUSE CONFIDENT THEY’VE GOT VOTES FOR TAX BILL: OFFICIAL
What does this all mean for Forex?
As I am being German I have no clue what this means for you Americans?
  • #157,149
  • Nov 16, 2017 7:22am Nov 16, 2017 7:22am
Quoting Boulder
Gator, do you see BTCUSD?,, last week when we talked about was in 6000s... now 7500..next week .. it will be 8000 for sure..
it's above my paygrade. it may be 100k the way it's moving. what broker could leverage that?.. i guess u just have to take possession. what's the futures say? its a cluster in the making. the value can go so high.. a crash could be systemic.
those who can, do. those who cant, talk about those who can
  • #157,150
  • Nov 16, 2017 7:25am Nov 16, 2017 7:25am
Quoting CandleStar
{quote} What does this all mean for Forex? As I am being German I have no clue what this means for you Americans?
the whole Euro running up this time has a lot of to do with our tax reform ,, they think we can't get tax reform done.... like we did with Obama care.. if we can't cut down corp tax.. business growth will be slow .. .. then it will affect dollar .. even Fed is the only one who raises rates..it can't help dollar..
  • #157,151
  • Nov 16, 2017 7:29am Nov 16, 2017 7:29am
Quoting CandleStar
{quote} Your system seems to be quite good with ranging. Maybe you should add something for trending cause I have the feeling it is coming too late. Just a thought. I have similar stuff like you but also have additionals for higher TFs (H4 (my friend), Daily, Weekly and amonthly).
actually its opposite.. my trading system is good for trend with conviction.. bad for choppy market.. or range market..
Since I am short term trader,,I use H1 chart.. If for daily . this system started down trend since 9/26/2015 when the day closed below 1845...it went all the way to 1555.. yesterday almost hit downtrend stop at 1822..but it failed... the daily downtrend continues as well...
  • #157,152
  • Nov 16, 2017 7:41am Nov 16, 2017 7:41am
Quoting gatorinla
{quote} it's above my paygrade. it may be 100k the way it's moving. what broker could leverage that?.. i guess u just have to take possession. what's the futures say? its a cluster in the making. the value can go so high.. a crash could be systemic.
this thing on its own could be the housing crises on steroids. guy with 1000 bitcoins goes to the bank and borrows against them. bank determines bitcoin too risky and loans 50% value . their value goes up 10 X.. guy borrows more, bank loans at a higher % because bitcoin deemed less risky. . bitcoin retraces 50% + .. bank underwater on this deal. and the other economy/deals bitcoin inflated. .
those who can, do. those who cant, talk about those who can
  • #157,153
  • Edited 8:06am Nov 16, 2017 7:46am | Edited 8:06am
Quoting Boulder
{quote} the whole Euro running up this time has a lot of to do with our tax reform ,, they think we can't get tax reform done.... like we did with Obama care.. if we can't cut down corp tax.. business growth will be slow .. .. then it will affect dollar .. even Fed is the only one who raises rates..it can't help dollar..
every time they cut tax rate.. the deficit rises. the country has more billionaires and millionaires than ever in history. i dare to say.. the current system made them, and they seem to be doing fine. they could do something with corporate rates to help international, the rest is smoke and mirrors tied to it. but hey if people want to hand out money.. i will get some.. its a shame those people dont realize it comes in the form of debt. any money the government gives you is a loan toward debt. the way it breaks down.. if i give u 2,000.00... u owe 3,100.00 each man woman and child. take out the old, cripple and the children. it breaks down to a added debt the working man owes to 10k ish.. 10k - the 2k is about 8k.. it will cost the working man about 8k to get the 2k... 8k added on what he already owes plus interest. that 8k goes to money heaven into someones account with greater wealth. 5% unemployment is considered full employment. atm its near 4%.. there is no room to pay this down.. wages have barely moved comparably to inflation. so the deficit will rise, and next year the deficit hawks will be cutting everything excluding defence.
those who can, do. those who cant, talk about those who can
  • #157,154
  • Nov 16, 2017 8:00am Nov 16, 2017 8:00am
Quoting gatorinla
{quote} every time they cut.. the deficit rises.
it won't help me for sure.. every time they messed with tax. saying this is way to help American people... I end up paying more....
  • #157,155
  • Nov 16, 2017 8:03am Nov 16, 2017 8:03am
Quoting CandleStar
{quote} What does this all mean for Forex? As I am being German I have no clue what this means for you Americans?
The tax cut is aimed at the high earners. The top 1% will get half the benefit, the top 0.1% will get 1/4 of the benefit. The bill will do nothing for business. An informal poll at the White House among CEOs saw very few who would take the corporate savings and invest in infrastructure and hiring. It will most likely remain as cash, stock buy-backs. The tax cut will benefit equities probably the most as the 1% will want to invest the money somewhere, until the bubble gets too big.

source
Attached Image (click to enlarge)
Click to Enlarge Name: 06-tax-cut.nocrop.w710.h2147483647.png Size: 73 KB
Follow the money --Mark Felt (Deepthroat)
  • #157,156
  • Nov 16, 2017 8:13am Nov 16, 2017 8:13am
tired of this market.. 20 pips movement since I was up.... hope this music will help before london close..

Inserted Video
  • #157,157
  • Nov 16, 2017 8:17am Nov 16, 2017 8:17am
13 min till roll.. it's not going to be a higher day close. it may be slightly higher on 6h.. bullish on week.. bearish on day
those who can, do. those who cant, talk about those who can
  • #157,158
  • Nov 16, 2017 8:23am Nov 16, 2017 8:23am
Quoting Boulder
tired of this market.. 20 pips movement since I was up.... hope this music will help before london close.. https://www.youtube.com/watch?v=1c-6...c-6Uz08p4c&t=3
need a bit of patience boulder charts need a few more bars
rat
  • #157,159
  • Nov 16, 2017 8:24am Nov 16, 2017 8:24am
I bet that the tax plan won't meet the expectations and $ will be dumped this afternoon.
  • #157,160
  • Nov 16, 2017 8:27am Nov 16, 2017 8:27am
Quoting Fadhl
I bet that the tax plan won't meet the expectations and $ will be dumped this afternoon.
Here's a question. When reducing taxes, how do you treat the people who pay no taxes and feel left out?
20 traders viewing now