The Really Useless Thread | Page 404 | 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

  • #8,061
  • Sep 5, 2011 3:48am Sep 5, 2011 3:48am
Quoting gatorinla
sos... no bulls w/o 4168 h closed above st.. its a holiday in the u.s. atm its all bears to me. protection still working.. below 4160.. i see some possible support at 4120.. an h closed below 4147 is better.
4120 is a big
one. see if we close the h below in 1.25 h.........then any h after. its all bearish,, but after it is closed below, a bounce will probably be indicated if we close above after. im selling the spikes... if we do now w/o a LL 4253 is the place to start looking.. and mid point to it
those who can, do. those who cant, talk about those who can
  • #8,062
  • Sep 5, 2011 3:51am Sep 5, 2011 3:51am
Quoting sisse
The movie is getting a bit repetitive and expectations have already changed as nobody believes in the EZ politicians solving the debt problem any longer and nobody believes the US is in the right track for election year ....so back to basics buy gold and ride the stock markets on free money or dump everything and buy gold too until we reach bottom. ...

In simple words, IMO forget about the euro and the EZ, they are not in the driver seat anymore (it has been the last 2 years) and it will only move as collateral of any other move until the debt...

Greek 2y SPIKED OVER 53%,

I smell Blood..
  • #8,063
  • Sep 5, 2011 4:05am Sep 5, 2011 4:05am
Quoting gatorinla
4120 is a big
one. see if we close the h below in 1.25 h.........then any h after. its all bearish,, but after it is closed below, a bounce will probably be indicated if we close above after. im selling the spikes... if we do now w/o a LL 4253 is the place to start looking.. and mid point to it
Euro is so close to next daily S (1.409x) that I would prefer they kill the move fast to have a deeper retrace with a potential buy on the bottom of the monthly/weekly/daily range.... Boring day in currencies and especially in the euro that is very oversold.

I was expecting a deeper retrace to 1.421x today on low liquidity to jump in on the last leg of the current daily wave down to support.....but NFP proved to be too much to handle for Europe alone without the US in the game today... and is way too late now for my plan ......

like always only gold cleaned the road to the top side for a continuation up.

Nothing to trade here in my case and early close.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,064
  • Sep 5, 2011 4:05am Sep 5, 2011 4:05am
Quoting Piters
Greek 2y SPIKED OVER 53%,

I smell Blood..
noise out of ez, concerning merkel political longevity and greece's ability to cut budget deficit sufficiently to fulfil bailout requirements..

reuters banging on about asian sovs defending 4110..

also a key technical level on the daily, see attached..
Attached Image
  • #8,065
  • Sep 5, 2011 4:09am Sep 5, 2011 4:09am
Quoting Piters
Greek 2y SPIKED OVER 53%,

I smell Blood..
Yeap I saw it. Well Greek 2yrs is useless for analysis but yes very sharp turn in 10, 5 and CDS in Spain, Italy, Portugal and Ireland but not in France....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,066
  • Sep 5, 2011 4:15am Sep 5, 2011 4:15am
Quoting sisse
Yeap I saw it. Well Greek 2yrs is useless for analysis but yes very sharp turn in 10, 5 and CDS in Spain, Italy, Portugal and Ireland but not in France....

sisse

let see mate.. im looking for a good reason to run long from here... [starting as a scalp, and will add more- if needed], maybe will wait on lower test, or even from this levels.. liquidity is very poor..

so far.. few scalps, nothing exciting.. I m not in gold today .. anyway.. will wait on tomorow NY session, [market expecting a reversal after 3day holiday patern.]
  • #8,067
  • Sep 5, 2011 4:20am Sep 5, 2011 4:20am
Quoting Piters
. im looking for a good reason to run long from here...
based on st pa coiling here, expecting a quick stop run through this obvious level, if i like what i see i'll long with standard size...
  • #8,068
  • Sep 5, 2011 4:22am Sep 5, 2011 4:22am
Quoting gatorinla
kinda expecting big things myself
sissy.. next h close, and 4120........ big
those who can, do. those who cant, talk about those who can
  • #8,069
  • Sep 5, 2011 4:24am Sep 5, 2011 4:24am
Quoting FibbinArchie
based on st pa coiling here, expecting a quick stop run through this obvious level, if i like what i see i'll long with standard size...
in normal [standard] seesion YES, today without US players.. im not sure..
spikes are all over the place..
  • #8,070
  • Sep 5, 2011 4:26am Sep 5, 2011 4:26am
Quoting Piters
in normal [standard] seesion YES, today without US players.. im not sure..
spikes are all over the place..
figuring 409x, 408x territory, but let's see..

yeah, while the cats away, the mice can play..
  • #8,071
  • Sep 5, 2011 4:28am Sep 5, 2011 4:28am
Quoting gatorinla
sissy.. next h close, and 4120........ big
what kind of can or worms does it open, whats the target if 4120 goes?
Look Sharp/Trade Tight
  • #8,072
  • Sep 5, 2011 4:32am Sep 5, 2011 4:32am
Quoting PayTheLimit
what kind of can or worms does it open, whats the target if 4120 goes?
4334 r 3848... and/r mid to either
those who can, do. those who cant, talk about those who can
  • #8,073
  • Sep 5, 2011 4:33am Sep 5, 2011 4:33am
thanks..
Look Sharp/Trade Tight
  • #8,074
  • Sep 5, 2011 4:36am Sep 5, 2011 4:36am
Quoting gatorinla
atm a touch at 4184 should do 4150 where a bounce is expected. but st formation suggest 4133? if 4184 is touched. (? bounce level) its getting late in the day. a week close below 4150.5 should be considered bearish. for this to happen equity's and most other commodity's should sell off. and should drag all with it on a bigger tf. since we have been to 4150 many times in the past few months. we don't have to bounce there. we can continue. 500 pips from recent high 45xx -500... about 4000
4097 is the next in the hemline.
those who can, do. those who cant, talk about those who can
  • #8,075
  • Sep 5, 2011 4:38am Sep 5, 2011 4:38am
options barrier interest @ 4100?
  • #8,076
  • Sep 5, 2011 4:40am Sep 5, 2011 4:40am
Quoting gatorinla
sissy.. next h close, and 4120........ big
Don't have anything at 1.412x (I had a weekly level last week for NFP at 1.411x but thats gone). i have alarms at 1.409x only but I am not doing anything today.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #8,077
  • Sep 5, 2011 4:41am Sep 5, 2011 4:41am
Quoting FibbinArchie
options barrier interest @ 4100?
resonable level for some stops..

so far I have confluence of 3 levels:

4102 [weekly]
4085 [fib]
4061.. [monthly]
and they are all based on weekly/monthly TF.. a logical place for hide and seek -PTL favorites.. ]
  • #8,078
  • Sep 5, 2011 4:42am Sep 5, 2011 4:42am
Quoting gatorinla
4120 is a big
one. see if we close the h below in 1.25 h.........then any h after. its all bearish,, but after it is closed below, a bounce will probably be indicated if we close above after. im selling the spikes... if we do now w/o a LL 4253 is the place to start looking.. and mid point to it
LL so void..#
those who can, do. those who cant, talk about those who can
  • #8,079
  • Sep 5, 2011 4:44am Sep 5, 2011 4:44am
Quoting Piters
resonable level for some stops..

so far I have confluence of 3 levels:

4102
4085
4061..
and they are all based on weekly/monthly TF.. a logical placefor hide and seek -PTL favorites.. ]
look pretty good, waiting patiently..
  • #8,080
  • Sep 5, 2011 4:46am Sep 5, 2011 4:46am
Quoting Piters
resonable level for some stops..

so far I have confluence of 3 levels:

4102 [weekly]
4085 [fib]
4061.. [monthly]
and they are all based on weekly/monthly TF.. a logical place for hide and seek -PTL favorites.. ]
Dustbin levels are close to your levels.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m15.gif Size: 20 KB
164 traders viewing now