The Really Useless Thread | Page 646 | 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

  • #12,901
  • Sep 14, 2011 4:37pm Sep 14, 2011 4:37pm
Quoting Piters
no political agenda whatsoever...

http://www.youtube.com/watch?v=IWv6x3oXRY4
0:48 funny shizzle..
  • #12,902
  • Sep 14, 2011 4:38pm Sep 14, 2011 4:38pm
Quoting kenfen69


Will field any questions in a bit...need to walk doggie.

Attachment
Lol! I just bought as well, to da moon! Or 1.04, that'll do..
Don't have an ego. Always question yourself and your ability.
  • #12,903
  • Sep 14, 2011 4:54pm Sep 14, 2011 4:54pm
..its lovving it right now isn't it
Quoting hkkhanus
bro watch the 3742.5 ish on the way
we ll most probably get a bounce off it
  • #12,904
  • Sep 14, 2011 5:06pm Sep 14, 2011 5:06pm
Quoting hkkhanus
..its lovving it right now isn't it
Yep
  • #12,905
  • Sep 14, 2011 5:28pm Sep 14, 2011 5:28pm
Quoting egkid
Yep
w'up eg? what's with all the secret squirrel biz?
  • #12,906
  • Sep 14, 2011 6:12pm Sep 14, 2011 6:12pm
The real question, is it the driver or the reactionary chart?

EURGBP...

I have always watched this pair for strength and weakness to find out where to place my bets...running the corelating cross charts, seeing if Euro has strength, GBP makes for better shorts and vice versa...

It would seem that long before EURO retraces full on H4, EG is gunna hit the supply zone...whuzzat mean?

Well, I don't trade this piece of shit, it really doesn't have enough movement for my liking, so, I will not be taking the short here, but what it could mean...

GBP crosses could start to look better for the long side and the Euros better on the skorts...and really, now that we have refilled back to the CHINO GAP, we could just see that all out exodus giving London and NY a chance to test weekly lows, an area they still haven't seen...

Anyways...thought it worthy of a mention and as it is an H4 chart, will give some time to ponder...
Attached Image (click to enlarge)
Click to Enlarge Name: EGh4.jpg Size: 55 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #12,907
  • Sep 14, 2011 6:23pm Sep 14, 2011 6:23pm
Quoting RamsesII
Lol! I just bought as well, to da moon! Or 1.04, that'll do..
Nice start!

Bastards left a good one behind on me. Filled on Dukas...no MT4 love...

Attached Image (click to enlarge)
Click to Enlarge Name: 5minAU.PNG Size: 34 KB
  • #12,908
  • Sep 14, 2011 6:31pm Sep 14, 2011 6:31pm
Quoting kenfen69
Nice start!

Bastards left a good one behind on me. Filled on Dukas...no MT4 love...

Attachment
How are you enjoying that Hidden Gap volume indie?

Have recently thrown it onto my charts as well. Kept me out of some bad trades, a few good ones too. Interesting stuff though... think I am going to fully incorporate it into my plan. Need to spend more time with it of course... but, it is definitely telling of good information (volatility or volume irrelevant).
  • #12,909
  • Sep 14, 2011 6:49pm Sep 14, 2011 6:49pm
Question for the hardware geeks: Notebook seems totally dead with the replaced keyboard in place; no lights, no spin, no nothing. Motherboard? Didn't think the liquid got through the keyboard back plate, but maybe via the fan?

Anyway, saw this on f-live: "Reading some bank research noting that BRIC countries are holding 3 trillion euros in FX reserves and just of shift of 150B into periphery countries “could settle the crisis once and for all.” "

150 B could settle the crisis once and for all? Yeah? Then how come ECB hasn't just gotten this done and gone out to lunch?

If I wasn't position short, I would be now. But in the meantime, I suspect some upside running; every bull is just so damned glad there still is a EUR that they going to celebrate, for sure.
  • #12,910
  • Sep 14, 2011 6:56pm Sep 14, 2011 6:56pm
Quoting OldQuant
Question for the hardware geeks: Notebook seems totally dead with the replaced keyboard in place; no lights, no spin, no nothing. Motherboard? Didn't think the liquid got through the keyboard back plate, but maybe via the fan?

Anyway, saw this on f-live: "Reading some bank research noting that BRIC countries are holding 3 trillion euros in FX reserves and just of shift of 150B into periphery countries “could settle the crisis once and for all.” "

150 B could settle the crisis once and for all? Yeah? Then how come ECB hasn't just gotten...
underlying fundamental structure hasn't changed since the crisis first broke and on this pair we've rallied from 1.18 to 1.50..

greece is just periphery and frankly ez would be better off without it (no offence to greece, beautiful country, birth place of democracy and all that).

true driver on e/u is us economy and potential for further qe stimulus, that and debt issues with larger ez components such as italy..

and obviously rates with implications for the carry trade..

my two..

re. notebook, pass not a techie geek..
  • #12,911
  • Sep 14, 2011 7:00pm Sep 14, 2011 7:00pm
Quoting FibbinArchie
underlying fundamental structure hasn't changed since the crisis first broke and on this pair we've rallied from 1.18 to 1.50..

greece is just periphery and frankly ez would be better off without it (no offence to greece, lovely place, birth place of democracy and all that).

true driver on e/u is us economy and potential for further qe stimulus, that and debt issues with larger ez components such as italy..

and obviously rates with implications for the carry trade..

my two..
Spot on... well, agreed to the extent of my knowledge on the subject.

With all the crap going on, we are quick to forget that the currencies are paired and are balanced amongst one another.

It's why I have always found it best just to try and figure out what the big boys are doing, and follow suite.
  • #12,912
  • Sep 14, 2011 7:00pm Sep 14, 2011 7:00pm
Quoting FibbinArchie
underlying fundamental structure hasn't changed since the crisis first broke and on this pair we've rallied from 1.18 to 1.50..
That is a good point. Precautionary tale for fundamental analysis for sure. But I'm still going to stay short, at least for a couple of handles if not stopped out.

Have to get something before a store closes in an hour. Back later.
  • #12,913
  • Sep 14, 2011 7:01pm Sep 14, 2011 7:01pm
Quoting Venice
How are you enjoying that Hidden Gap volume indie?

Have recently thrown it onto my charts as well. Kept me out of some bad trades, a few good ones too. Interesting stuff though... think I am going to fully incorporate it into my plan. Need to spend more time with it of course... but, it is definitely telling of good information (volatility or volume irrelevant).
Yeah brother...

Same vibe for me! Don't give a shite what its showing...volume, viagra...placebo. Has found a place in my method(s). There are quite a few pieces to my puzzle for entering and exiting trades. Its definitely become one that gives me extra confidence when combined with other things I'm looking for.

One of my favourite uses is in an SD zone. Zone identified...engulfing candle, large dark blue placebo bar...BOOM...I'm in with as large % lots as I ever use. Those are my "gator" entries...large size, tight stops...big-time R:R!

On the other hand...I just chose this one and rolled with it. Haven't checked out the myriad of others available extensively. If you, or anyone knows of a better one...and why it is so...please do tell.

Cheers V-man! Got beer?
  • #12,914
  • Sep 14, 2011 7:04pm Sep 14, 2011 7:04pm
Quoting Venice
Spot on... well, agreed to the extent of my knowledge on the subject.

With all the crap going on, we are quick to forget that the currencies are paired and are balanced amongst one another.

It's why I have always found it best just to try and figure out what the big boys are doing, and follow suite.
aye, the big dogs are in the driver's seat fo' sure...

how's venice?
  • #12,915
  • Sep 14, 2011 7:07pm Sep 14, 2011 7:07pm
Quoting kenfen69
Yeah brother...

Same vibe for me! Don't give a shite what its showing...volume, viagra...placebo. Has found a place in my method(s). There are quite a few pieces to my puzzle for entering and exiting trades. Its definitely become one that gives me extra confidence when combined with other things I'm looking for.

One of my favourite uses is in an SD zone. Zone identified...engulfing candle, large dark blue placebo bar...BOOM...I'm in with as large % lots as I ever use. Those are my "gator" entries...large size, tight stops...big-time...
haha... you noticed the SD zone thing too huh? Actually, I just played a quickie off the 10m chart and grabbed 10 ish pips on the skort. Goofy little thing... stopping volume... very cool

Working on beer. Need to hit up a gas station real quickie. Been rather exhausted this week, new sleep schedule and all. hehe London has been crazy. Definitely just been dipping my toes in the pool so to speak.

Tested my my money management skills off of a boneheaded play this morning [check]...

hehe, like the things that are happening...
  • #12,916
  • Sep 14, 2011 7:17pm Sep 14, 2011 7:17pm
well this was worth staying up for... not..

giving it another 15 mins..
  • #12,917
  • Sep 14, 2011 7:20pm Sep 14, 2011 7:20pm
Quoting kenfen69
One of my favourite uses is in an SD zone. Zone identified...engulfing candle, large dark blue placebo bar...BOOM...I'm in with as large % lots as I ever use. Those are my "gator" entries...large size, tight stops...big-time R:R!
Yes, me too, this is my bread and butter. I prefer to take these with the intermediate trend but same idea. You can get your stop to BE relatively quickly with these, if you chose the level right.

Quote
Got beer?

Yes, lots! Cheers brother
  • #12,918
  • Sep 14, 2011 7:22pm Sep 14, 2011 7:22pm
Quoting Venice
haha... you noticed the SD zone thing too huh? Actually, I just played a quickie off the 10m chart and grabbed 10 ish pips on the skort. Goofy little thing... stopping volume... very cool
Works SO well combined with SD zones. I have stopping placebo down. Now working on...what I call Accelerating vol/placebo. Equally as powerful...just trying to get myself used to it. Great for adding to already #winning () positions. I've seen it work...maybe 40-50 pips in to a position. Consolidation...then off it goes. Cool stuff.

[quote=Venice;4955894]haha... you noticed the SD zone thing too huh? Actually, I just played a quickie off the 10m chart and grabbed 10 ish pips on the skort. Goofy little thing... stopping volume... very cool


Quoting Venice
Definitely just been dipping my toes in the pool so to speak. Tested my my money management skills off of a boneheaded play this morning [check]...

hehe, like the things that are happening...
Good stuff, mate. Take your time. Won't take you long to adjust to all those bastards at once. You'll be flying soon.

Happy for you, mate!

Quoting Venice
Working on beer. Need to hit up a gas station real quickie.
Not like this, right?

Attached Image
  • #12,919
  • Sep 14, 2011 7:23pm Sep 14, 2011 7:23pm
Quoting gatorinla
closed this one.. at 52.. have another from 3780.. with a 3713 target.
support at 3731, but 3727 is what i need to get my 3713 min
those who can, do. those who cant, talk about those who can
  • #12,920
  • Sep 14, 2011 7:24pm Sep 14, 2011 7:24pm
Hey Venice, if you're gonna start looking at volume, start with these two concepts, they're all you really need if you can separate the quality SD from the bunk:

1) climactic volume (shows professional side is active), look for this into SD levels

2) no demand/no supply bars. If you missed the engulfing and didn't enter on limit these can give you golden second chance entries. The thing I love about these bars (when in the appropriate context) is the complete absence of drawdown

Edit: BTW I just use the volume from MT4 no need for any color coding. I am only concerned with the ultra high volume (1) and volume less than prev two bars (2)
13 traders viewing now