The Really Useless Thread | Page 926 | 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

  • #18,501
  • Sep 27, 2011 7:39am Sep 27, 2011 7:39am
Cpl daily euro charts contracted and expanded, might shed some light for the near future, Although still weak, needs more orders for continuation lower IMO, 1.4000 area seems reasonable as another suggested few posts back. GL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: LT eur.png Size: 35 KB
Click to Enlarge Name: LT eur 1.png Size: 12 KB
"Millionaires don't use astrology, billionaires do"
  • #18,502
  • Sep 27, 2011 7:39am Sep 27, 2011 7:39am
Quoting needpips
I like the gann retracement because its acts like an armature that the candles dangle or rest upon....wicks to the line are more likely to reverse...just an obsy...
will attempt to get my head around it, square of the range an' all that and let you know how i get on...
  • #18,503
  • Sep 27, 2011 7:42am Sep 27, 2011 7:42am
Quoting budak baru
looks like leading diagonal of wave a of wave (ii),means reversal is imminent.3575 is my key point.if it hold we may see 3440 back.
close with profit.waiting for new setup.3575 key point
Gold Expedition Return This Year: -15.9%
  • #18,504
  • Sep 27, 2011 7:45am Sep 27, 2011 7:45am
Quoting sisse
I am starting to like your timing reading ...nice work mate.

Some traders around expend more time stuck in the technicalities of how to pull the trigger instead on when ....

In any case, don't forget US consumer confidence as the debt crisis is not alone now and a new bad number will put stock markets back in control in risk aversion mode....

sisse
I was wrong (read: too early) with the trigger myself and had to endure a drawdown of a whooping 45 pips. I try to blame it on the fact that I neglected Gator's target at 3377.

If the CCI turns out bad... I am going to lose profit.
  • #18,505
  • Sep 27, 2011 7:46am Sep 27, 2011 7:46am
Quoting Mr Hatch
with respect to the timing of the three corrective legs: today there will be the confirmation for the FA-trigger that Sisse mentioned, that should take us into the vicinity of the 38.2-level, then profit-taking/backfilling/selling-pressure until the result of the vote in Germany, then up again...

Just a thought for the timing, we'll see.
Me thinks all that work is paying off, Hutchinson!

Now...if you could drag my Aussie longs along for the ride, well...
  • #18,506
  • Sep 27, 2011 7:47am Sep 27, 2011 7:47am
Quoting kenfen69
And where were you 29 minutes ago when I decided to add shorts to a remaining position I had that had already paid out as much as 80 pips to the south!?!
I don't know which TF u use or MM
But my sell limit there Hit as U
1-u trading with the trend
2-weekly and daily on ur side

Catch u later when back home
  • #18,507
  • Sep 27, 2011 7:47am Sep 27, 2011 7:47am
I'm still watching my stupid three numbers.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
  • #18,508
  • Sep 27, 2011 7:49am Sep 27, 2011 7:49am
Quoting budak baru
close with profit.waiting for new setup.3575 key point
chart as below.
Attached Image (click to enlarge)
Click to Enlarge Name: eu311.gif Size: 18 KB
Gold Expedition Return This Year: -15.9%
  • #18,509
  • Sep 27, 2011 7:52am Sep 27, 2011 7:52am
Quoting budak baru
chart as below.
nice...u had that thought out with your earlier chart....
  • #18,510
  • Sep 27, 2011 7:54am Sep 27, 2011 7:54am
Quoting gatorinla
i doubt it happens.. the reward is 3159.4 now.. plus because it gives new unknown targets even lower. 3567 hits and its over. 3567 puts 3770 as a target. but if 3567 is breached. it can retrace before 3770 as for as the low w/o making a LL and still be valid. anyway all looks bullish. the only thing standing in the bulls way is a breach at 3566.. to touch 3567 .. it would be a center of mofu..
3737 is the better target. 3737/3770 area..for a grenade one. breached
atm aud/jpy is knocking on 75.94 door.. the high is 75.93... atm at 7587....not much will happen until. we may be in the high of the aud/jpy bounce from the edge. once/if 75.94 gives up. 3737 is wide open.. a lower bounce at 3629 41 ect not unexpected st. if 75.94 does not give up, much higher is not likely on the eu.
those who can, do. those who cant, talk about those who can
  • #18,511
  • Sep 27, 2011 7:55am Sep 27, 2011 7:55am
Quoting kenfen69
Me thinks all that work is paying off, Hutchinson!

Now...if you could drag my Aussie longs along for the ride, well...
I don't plot the Aussie, tbh... but I listen to Kicklighter and his thoughts about the RBA... take care of them longs as long as they are viable.

As long as we are inside the consolidation range in S&P, which we cannot leave without a pretty big pile of shit, we cannot develop a serious trend with the necessary follow-through. That's the base-line...
  • #18,512
  • Sep 27, 2011 8:00am Sep 27, 2011 8:00am
Quoting Mr Hatch
I don't plot the Aussie, tbh... but I listen to Kicklighter and his thoughts the RBA... take care of them longs as long as they are viable.

As long as we are inside the consolidation range in S&P, which we cannot leave without a pretty big pile of shit, we cannot develop a serious trend with the necessary follow-through. That's the base-line...
Not too bad right now. Been well paid from them already, too. Can go at BE's and I'll still be smiling.

Attached Image


Little too tired now to set more pendings. Not even sure what I'm looking for as a target on these. 1.00 would be fine for a start. Seems a level that may draw some interest for a retest.
  • #18,513
  • Sep 27, 2011 8:02am Sep 27, 2011 8:02am
Quoting gatorinla
3737 is the better target. 3737/3770 area..for a grenade one. breached
atm aud/jpy is knocking on 75.94 door.. the high is 75.93... atm at 7587....not much will happen until. we may be in the high of the aud/jpy bounce from the edge. once/if 75.94 gives up. 3737 is wide open.. a lower bounce at 3629 41 ect not unexpected st. if 75.94 does not give up, much higher is not likely on the eu.
just broke
those who can, do. those who cant, talk about those who can
  • #18,514
  • Sep 27, 2011 8:03am Sep 27, 2011 8:03am
Quoting kenfen69
Not too bad right now. Been well paid from them already, too. Can go at BE's and I'll still be smiling.

Attachment

Little too tired now to set more pendings. Not even sure what I'm looking for as a target on these. 1.00 would be fine for a start. Seems a level that may draw some interest for a retest.
lol

hi
  • #18,515
  • Sep 27, 2011 8:05am Sep 27, 2011 8:05am
here comes 3620's
  • #18,516
  • Sep 27, 2011 8:06am Sep 27, 2011 8:06am
Quoting fxjawn
lol

hi
Hi...still rocking it?
  • #18,517
  • Sep 27, 2011 8:06am Sep 27, 2011 8:06am
short cable 645 - level from some pa last NOV and this JAN

shoulda maybe taken the few while they were there , lets see
  • #18,518
  • Sep 27, 2011 8:06am Sep 27, 2011 8:06am
bailed lg from 61 for +30, need to work on my greed...
  • #18,519
  • Sep 27, 2011 8:08am Sep 27, 2011 8:08am
Quoting kenfen69
Hi...still rocking it?
yes sir....i just went to sleep and let her do her thing...my tp is 1.00 but not sure if i should leave some on or what
  • #18,520
  • Sep 27, 2011 8:09am Sep 27, 2011 8:09am
long 35728...tight sl
12 traders viewing now