The Really Useless Thread | Page 897 | 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

  • #17,921
  • Sep 26, 2011 11:52am Sep 26, 2011 11:52am
I start to lose my patience
Attached Image (click to enlarge)
Click to Enlarge Name: pffffff.gif Size: 19 KB
  • #17,922
  • Sep 26, 2011 11:53am Sep 26, 2011 11:53am
Quoting gatorinla
nothing below 3349?
I think we have same target hope it hit By Tomorrow
  • #17,923
  • Sep 26, 2011 11:58am Sep 26, 2011 11:58am
Quoting egkid
I start to lose my patience
Supply consumption?
  • #17,924
  • Sep 26, 2011 12:00pm Sep 26, 2011 12:00pm
Quoting needpips
actually my next major down target is 3240-ish
after 3413 domino then 3400. my dominoes point @ 3280/xx 3176/xx.. of course there will be bounces. (not unexpected).
those who can, do. those who cant, talk about those who can
  • #17,925
  • Sep 26, 2011 12:01pm Sep 26, 2011 12:01pm
Quoting egkid
I think we have same target hope it hit By Tomorrow
im looking for 3176
those who can, do. those who cant, talk about those who can
  • #17,926
  • Sep 26, 2011 12:01pm Sep 26, 2011 12:01pm
H4 is up and trying for 3580. H1 seems to be retracing but it wants 3549 as soon as this reversal on m15 will probably end around 3420. That's what I have right now. Things may become fluid and change but this is the current picture I have... I would only scalp because of these conflicting TFs..
  • #17,927
  • Sep 26, 2011 12:03pm Sep 26, 2011 12:03pm
Quoting gatorinla
im looking for 3176
U change ur target greedy
  • #17,928
  • Sep 26, 2011 12:05pm Sep 26, 2011 12:05pm
Quoting attila
H4 is up and trying for 3580. H1 seems to be retracing but it wants 3549 as soon as this reversal on m15 will probably end around 3420. That's what I have right now. Things may become fluid and change but this is the current picture I have... I would only scalp because of these conflicting TFs..
I have played the same S/D zones for 3 days...until it breaks either I will keep pulling the lever...
  • #17,929
  • Sep 26, 2011 12:07pm Sep 26, 2011 12:07pm
Quoting needpips
I have played the same S/D zones for 3 days...until it breaks either I will keep pulling the lever...
Yeah... They can all become confusing because of the range. Only scalps, and probably I would stop trading for the rest of the day. Too much work....
  • #17,930
  • Sep 26, 2011 12:09pm Sep 26, 2011 12:09pm
Quoting attila
Yeah... They can all become confusing because of the range. Only scalps, and probably I would stop trading for the rest of the day. Too much work....
Ive mentioned 3542 for about a week now....that for me is the good side of the range because its been blocked for a while..I just put a SL a few pips above it...then scale in a bit...3350 has been a little less defined so...
  • #17,931
  • Sep 26, 2011 12:11pm Sep 26, 2011 12:11pm
Range ( with a side order of bear )
Attached Image (click to enlarge)
Click to Enlarge Name: range.jpg Size: 70 KB
  • #17,932
  • Sep 26, 2011 12:14pm Sep 26, 2011 12:14pm
Here's what I don't like. It's pretty much caught between my two lower numbers of this floor. 3369 and 3592. Everybody's looking at 3540ish but I'm more interested in 3592... It was rejected twice at the bottom (give or take a few) at 3369. Of course it can go right back and break it's back but as of now, for immediate trading purposes I consider shorts to be counter until I see 3592 and what the price will do there....

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
  • #17,933
  • Sep 26, 2011 12:17pm Sep 26, 2011 12:17pm
got a bounce sig. 40 pips is the usual m
those who can, do. those who cant, talk about those who can
  • #17,934
  • Sep 26, 2011 12:18pm Sep 26, 2011 12:18pm
Quoting attila
Here's what I don't like. It's pretty much caught between my two lower numbers of this floor. 3369 and 3592. Everybody's looking at 3540ish but I'm more interested in 3592... It was rejected twice at the bottom (give or take a few) at 3369. Of course it can go right back and break it's back but as of now, for immediate trading purposes I consider shorts to be counter until I see 3592 and what the price will do there....

Attachment
3566 to 3770 is gonna be a mess...there are a few areas there to C...3592-36 is for sure one of them
  • #17,935
  • Sep 26, 2011 12:18pm Sep 26, 2011 12:18pm
Quoting needpips
Looks like we could be in an ABC Flat...means 34 should hit again and be a major turn north...Ive scalped the mess out of her...but may take a shot if it shows
Hi Needpips,


think that you are right :-)

Wave B down should retrace at least 90% of its wave A, so 34 is on the table again.

I think, that the whole sidway movement since 22. September is a wxy-movement as subwave 4 of wave 5. The y-wave itself presents as a flat.

Wave 5 would count best, when we would see an overlap of subwave 4 and subwave 1 for an ending diagonal.

So we should expect first 34 than up for 3650, ideally 3671, max 3795

BUT: if we should develop momentum (much of it) down, well, that would be the story of the fan and the sh!t :-)
  • #17,936
  • Sep 26, 2011 12:20pm Sep 26, 2011 12:20pm
Quoting gatorinla
got a bounce sig. 40 pips is the usual m
Ill wait for 3433 for a long scalp try
  • #17,937
  • Sep 26, 2011 12:22pm Sep 26, 2011 12:22pm
Yep...thanks for your thoughts...I was hoping u would read that...hope all is green pips in your world!
Quoting infinitus
Hi Needpips,


think that you are right :-)

Wave B down should retrace at least 90% of its wave A, so 34 is on the table again.

I think, that the whole sidway movement since 22. September is a wxy-movement as subwave 4 of wave 5. The y-wave itself presents as a flat.

Wave 5 would count best, when we would see an overlap of subwave 4 and subwave 1 for an ending diagonal.

So we should expect first 34 than up for 3650, ideally 3671, max 3795

BUT: if we should develop momentum (much of it) down, well, that would be the story of the fan and the...
  • #17,938
  • Sep 26, 2011 12:24pm Sep 26, 2011 12:24pm
Quoting needpips
Yep...thanks for your thoughts...I was hoping u would read that...hope all is green pips in your world!
Can not complain lately. All in green pasture...... :-)

Hope all is well with you too
  • #17,939
  • Sep 26, 2011 12:25pm Sep 26, 2011 12:25pm
Quoting needpips
3566 to 3770 is gonna be a mess...there are a few areas there to C...3592-36 is for sure one of them
Yeah... These levels are always a mess. The reason being the price doesn't like to cross from one floor to the other, but once it does, it pretty much goes to the next one. So for instance, I always ask this question. If it breaks 3369, is the price ready to go to 2942?.... I don't know, maybe but it could also bounce around for a while between 3867 and 3369 before deciding...

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 21 KB
  • #17,940
  • Sep 26, 2011 12:26pm Sep 26, 2011 12:26pm
Quoting needpips
Ive mentioned 3542 for about a week now....that for me is the good side of the range because its been blocked for a while..I just put a SL a few pips above it...then scale in a bit...3350 has been a little less defined so...
Your 1.354x became daily support. I saw similar levels on the latest posts but different direction which shows some conflicting views on the major swing.... In any case, this time I am with you on that side.

Is clear that as long as 1.355x (momentum line to long side) is holding bulls, bears still have a marginal chance to make a continuation without retrace. Daily close today rejecting fresh daily support will clear most if not all doubts.

As any daily retrace in a downtrend, the move is/will be 2 steps up 1 and 1/2 back.

We'll see as is nothing to do except wait for that 1.355x to be broken to trail and stop micromanaging the long side...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
35 traders viewing now