The Really Useless Thread | Page 1180 | 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

  • #23,581
  • Oct 10, 2011 4:23am Oct 10, 2011 4:23am
Quoting kenfen69
Crazy PA!

Even trying to sneak a couple back from the bastards on the M1/M2...very strange.

Going to do something useful...get some sleep!

Cheers one and all...catch you tomorrow sometime. Turkey day, though.

Play safe!
was today a D-DAy that somebody is going to hack NYSE ?????

rofl...
  • #23,582
  • Oct 10, 2011 4:24am Oct 10, 2011 4:24am
Quoting Piters
was today a D-DAy that somebody is going to hack NYSE ?????

rofl...
Was a beauty!
  • #23,583
  • Oct 10, 2011 4:26am Oct 10, 2011 4:26am
Quoting sisse
...

Couldn't buy Frankfurt open and London boys didn't leave any chance to jump in ...bastards...

sisse
Missed this earlier, sisse...very well summed up.

Quick pips for those that were long. Mondays after NFP can often be bumpy...today was very good, in that regard.

All the best, mate...stay safe.
  • #23,584
  • Oct 10, 2011 4:26am Oct 10, 2011 4:26am
Quoting USD-Bear
could be stopping a bit higher like 1.3620
Anyone numbers in that region?

Attachment

I would like to see it holding above 1.3490 on this retracement before a new bull run...

Trend: oversold but still bullish....

........Not trading for fun here......
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-10-10 at 11.24.16 AM.png Size: 107 KB
  • #23,585
  • Oct 10, 2011 4:33am Oct 10, 2011 4:33am
Quoting Larseg
I would like to see it holding above 1.3490 on this retracement before a new bull run...

Trend: oversold but still bullish....

........Not trading for fun here......
see what your looking at.
Must say at current levels I'm a bit indifferent about direction but levels got to tell their story
Don't be a hero. Don't have an ego. Always question yourself
  • #23,586
  • Oct 10, 2011 4:33am Oct 10, 2011 4:33am
Quoting kenfen69
Was a beauty!
no.. WAS cool..

  • #23,587
  • Oct 10, 2011 4:57am Oct 10, 2011 4:57am
Quoting USD-Bear
could be stopping a bit higher like 1.3620
Anyone numbers in that region?

Attachment
indeed mate, I have a weekly and a monthly level there...I'm calling it 3615/20...for sure an area I''ll we watching..
Look Sharp/Trade Tight
  • #23,588
  • Oct 10, 2011 5:08am Oct 10, 2011 5:08am
Quoting USD-Bear
see what your looking at.
Must say at current levels I'm a bit indifferent about direction but levels got to tell their story

You are still thinking bear I reckon?

fundamentally or?
COT
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-10-10 at 12.07.09 PM.png Size: 68 KB
  • #23,589
  • Oct 10, 2011 5:09am Oct 10, 2011 5:09am
EZ politicians in full motion again. They are creating huge expectations on the new deal but for 1st week of November and everything is kept "secret" (ridiculous ... just fueling uncertainty) from recapitalizing EZ banks, to deepening fiscal coordination to even potential changes in EU treaties (???).

Stock markets not buying the story yet (even with the Dexia "good" news) and after filling the gap they have stayed chopping around inside of daily R. However, gold and oil paving the way for a further break up when US is back on the game.

Euro leading markets today (obviously) and in "mania" session. Next R at 1.366x and hopefully don't clean the move in one go this morning ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,590
  • Oct 10, 2011 5:12am Oct 10, 2011 5:12am
Quoting PayTheLimit
indeed mate, I have a weekly and a monthly level there...I'm calling it 3615/20...for sure an area I''ll we watching..
whats up PTL
  • #23,591
  • Oct 10, 2011 5:13am Oct 10, 2011 5:13am
a few pending sells if they feel like it, risking 15-20pips, gotta go out for a while, good luck, PTL..
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 21 KB
Look Sharp/Trade Tight
  • #23,592
  • Oct 10, 2011 5:14am Oct 10, 2011 5:14am
Quoting darimik
whats up PTL
all good bro, just caught me out the door, will catch up later...
Look Sharp/Trade Tight
  • #23,593
  • Oct 10, 2011 5:26am Oct 10, 2011 5:26am
columbus day in the US, but the NYSE and nasdaq are open. whats closed?
  • #23,594
  • Oct 10, 2011 5:43am Oct 10, 2011 5:43am
Quoting darimik
columbus day in the US, but the NYSE and nasdaq are open. whats closed?
Well one of the key players in forex Banks? ...how is it going mate?.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,595
  • Oct 10, 2011 5:51am Oct 10, 2011 5:51am
Quoting sisse
Well one of the key players in forex Banks? ...how is it going mate?.

sisse
not bad sisse. went on a month of holidays just got back, and trying to catch up. worked a little with sierra charts earlier and its just what I need it seems. havent done any analysis for a long time though

the uk weather is depressing right now. how have you been ? any special views on the S&P?
  • #23,596
  • Oct 10, 2011 5:54am Oct 10, 2011 5:54am
Quoting Larseg
You are still thinking bear I reckon?

fundamentally or?
COT
fundamentals + technicals
Their is no strong or weak one in this pair imo, so below 1.30 I tend to have bullish bias and above 1.40 I tend to have bearish bias.
Also like to look which one is in positive/negative news at the time, knowing this will change overtime.
ATM shorting USOil a bit, very cautious, think current up move is not warranted by economic data
Don't be a hero. Don't have an ego. Always question yourself
  • #23,597
  • Oct 10, 2011 6:01am Oct 10, 2011 6:01am
Quoting darimik
not bad sisse. went on a month of holidays just got back, and trying to catch up. worked a little with sierra charts earlier and its just what I need it seems. havent done any analysis for a long time though

the uk weather is depressing right now. how have you been ? any special views on the S&P?
Nice I hope you enjoyed.

SC prerelease is making huge changes in the drawing tools that is going to screw my charts so I may need a long weekend to get use to it when they launch the official release...

On ES I posted this on Friday all valid for today ".... stock indexes were fantastic this[last] week but look crap after today. Rejection of support for reversal on weekly/daily but still important LH.

Break of Resistance and deep breach of a second one this [last] week but there are 3 very close consecutive strong R next to each other above the current levels so that looks very messy for next couple weeks without some FA that break all of them at once (or trigger shorts again on a rejection back of broken R...)

DAX and friends don't look healthy TA now..."

In simple words sidelines there...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,598
  • Oct 10, 2011 7:08am Oct 10, 2011 7:08am
Quoting Venice
Yeah... i'll be scaling out today to flat for the weekend. Though, Daily doesn't show any signs of reversing yet... but I am always 1 bar behind...

Was originally targeting 3640.
Getting close to finishing this up. In the daily supply zone now. Should be a heavy decesion area. If we close above this we will be looking at an intermediate trend change. Flat until close tonigh. Failing to close above the highs of the curremt zone makes me bearish and ofgers fantastic r/r for shorts
  • #23,599
  • Oct 10, 2011 7:10am Oct 10, 2011 7:10am
Quoting Venice
Getting close to finishing this up. In the daily supply zone now. Should be a heavy decesion area. If we close above this we will be looking at an intermediate trend change. Flat until close tonigh. Failing to close above the highs of the curremt zone makes me bearish and ofgers fantastic r/r for shorts
Agree mate... Euro inside of daily R zone now ...easy part of the move gone....and without me...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,600
  • Oct 10, 2011 7:12am Oct 10, 2011 7:12am
Quoting Venice
Getting close to finishing this up. In the daily supply zone now. Should be a heavy decesion area. If we close above this we will be looking at an intermediate trend change. Flat until close tonigh. Failing to close above the highs of the curremt zone makes me bearish and ofgers fantastic r/r for shorts
3050 area then?
5 traders viewing now