The Really Useless Thread | Page 627 | 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

  • #12,521
  • Sep 14, 2011 5:07am Sep 14, 2011 5:07am
Quoting FibbinArchie
depends on the strategy, eg. stop hunting order flow strat- hi, lo

trend following strat- close...
Interesting. I have traditionally used the close, but am starting to notice far more fake outs happen this way.

My normal trading style is to wait for pullbacks into supply/demand when trend trading, however, this obviously leaves a lot on the table. (not that this is a bad thing, it's just I think it would be wise to have additional strategies in the bucket).

I have no 'breakout' strategy, so to speak, unless I am already in from a supply/demand push.
  • #12,522
  • Sep 14, 2011 5:12am Sep 14, 2011 5:12am
Quoting Venice
Interesting. I have traditionally used the close, but am starting to notice far more fake outs happen this way.

My normal trading style is to wait for pullbacks into supply/demand when trend trading, however, this obviously leaves a lot on the table.

I have no 'breakout' strategy, so to speak, unless I am already in from a supply/demand push.
apparently, 75% of breakouts stall and pull back in the range..

pa getting a bit more interesting..
  • #12,523
  • Sep 14, 2011 5:12am Sep 14, 2011 5:12am
Quoting FibbinArchie
colourful language, if it was an emergency, why was it deferred 24 hrs...
lol..don't know. politicians? they are always lagging the markets and only when doom is coming they react especially in the EZ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,524
  • Sep 14, 2011 5:12am Sep 14, 2011 5:12am
Quoting cloggie
Now that my last week's target of 3577 has been reached and decided I will stay in buying the dip mode for probably another day.

That went pretty much to plan.

How are you bastards getting on today? I am taking a breather here at 3700
  • #12,525
  • Sep 14, 2011 5:14am Sep 14, 2011 5:14am
Quoting FibbinArchie
apparently, 75% of breakouts stall and pull back in the range..

pa getting a bit more interesting..
Yes, will do some research over the weekend, and do some comparisons between the close levels.

As for this chart, I'm getting really bored with the bulls. 3 days now, and they haven't even recovered 50 pips of the last bear bar.
  • #12,526
  • Sep 14, 2011 5:16am Sep 14, 2011 5:16am
Quoting sisse
lol..don't know. politicians? they are always lagging the markets and only when doom is coming they react especially in the EZ...

sisse
good old news media hype i'd say sisse..
  • #12,527
  • Sep 14, 2011 5:16am Sep 14, 2011 5:16am
Quoting cloggie
That went pretty much to plan.

How are you bastards getting on today? I am taking a breather here at 3700
morning cloggie, cheers btw..
  • #12,528
  • Sep 14, 2011 5:19am Sep 14, 2011 5:19am
Quoting FibbinArchie
good old news media hype i'd say sisse..
Yeap it could be. Haven't find more info outside of CNN/BBC, etc in the specialized press only in forexlive "French Govt spokeswoman: Pres Sarkozy told cabinet France will do everything to save Greece" a few minutes ago"...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,529
  • Sep 14, 2011 5:21am Sep 14, 2011 5:21am
Quoting sisse
Yeap it could be. Haven't find more info outside of CNN/BBC, etc in the specialized press only in forexlive "French Govt spokeswoman: Pres Sarkozy told cabinet France will do everything to save Greece" a few minutes ago"...

sisse
.
Attached Image
  • #12,530
  • Sep 14, 2011 5:32am Sep 14, 2011 5:32am
Quoting FibbinArchie
.
lol...yes nobody can ague with that...

We'll see what they said tonight and how much market will believe (there is no doubt on the default market-wise)....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,531
  • Sep 14, 2011 5:34am Sep 14, 2011 5:34am
Quoting sisse
lol...yes nobody can ague with that...

We'll see what they said tonight and how much market will believe (there is no doubt on the default market-wise)....

sisse
just sticking with the technical levels, until it happens..
  • #12,532
  • Sep 14, 2011 5:43am Sep 14, 2011 5:43am
Quoting FibbinArchie
just sticking with the technical levels, until it happens..
Yeap.... what are you looking at?. Here flat in the euro all morning, saw the Frankfurt trade but didn't trade as I am just looking to sell all rallies on H4 (1.368x as momentum line) since yesterday and taking the rallies only on stocks markets (better r:r)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,533
  • Sep 14, 2011 5:44am Sep 14, 2011 5:44am
Quoting Driver55
Well. for now I'm out @3672
Just coming behind on a couple of readings, but...

D55...

You've a rare "auld" eye. And I've missed it so...

An absolute pleasure...every time!
  • #12,534
  • Sep 14, 2011 5:47am Sep 14, 2011 5:47am
Quoting Magix
As soon as you asked, I just thought about that, and went, "OH FUCK", DST is a comin...

Bastards!

Get an edge...? Oooops....

Lost it, did ye?

  • #12,535
  • Sep 14, 2011 5:51am Sep 14, 2011 5:51am
S 3730 SL 3746.5
  • #12,536
  • Sep 14, 2011 5:53am Sep 14, 2011 5:53am
Quoting sisse
Yeap.... what are you looking at?. Here flat in the euro all morning, saw the Frankfurt trade but didn't trade as I am just looking to sell all rallies on H4 (1.368x as momentum line) since yesterday and taking the rallies only on stocks markets (better r:r)...

sisse
same levels as yesterday, looking to fade a northern b/o above 750-770ish short term...

if pa agrees...

more coffee is required..
Attached Image
  • #12,537
  • Sep 14, 2011 5:56am Sep 14, 2011 5:56am
might add some more at 42ish... SL will be the same 3746.5
Quoting hkkhanus
S 3730 SL 3746.5
  • #12,538
  • Sep 14, 2011 6:05am Sep 14, 2011 6:05am
Quoting FibbinArchie
same levels as yesterday, looking to fade a northern b/o above 750-770ish short term...

if pa agrees...

more coffee is required..
Good luck mate is trading inside H4 R now but it is coming with momentum so I hope you get your entry ....

A bunch of reports coming and with all the EZ debt soup opera we have forgotten the poor run in the US economy lately. Reports maybe break the clear short term correlation between stocks and the euro...we'll see

lunch time here...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,539
  • Sep 14, 2011 6:06am Sep 14, 2011 6:06am
still prefer shorts below 1.4 for swing...hate scalping ^^

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 136 KB
Hero calls followed by margin calls...
  • #12,540
  • Sep 14, 2011 6:07am Sep 14, 2011 6:07am
Quoting hkkhanus
might add some more at 42ish... SL will be the same 3746.5
counter trending, personally would've covered on the trend line, gl with the trade..
16 traders viewing now