The Really Useless Thread | Page 1185 | 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

  • #23,681
  • Oct 10, 2011 11:12am Oct 10, 2011 11:12am
Quoting gatorinla
s 3698.. usx hit my tl
along with the aj indication. i took the eu short. in the usdx chart. you can see the target was 5 pips lower. that may be 12/20 pips higher on the eu then the current high.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.PNG Size: 40 KB
those who can, do. those who cant, talk about those who can
  • #23,682
  • Oct 10, 2011 11:14am Oct 10, 2011 11:14am
Quoting Venice
And there just went the daily high.
It doesn't stop...lol

Stock markets rallying but in a healthy manner but they still haven't reach next daily R (just a few points away now) leaving the door open for a further push up intraday in the euro (unbelievable really but charts are there)

This move is all euro strength. Deep breach of daily R 1.366x and flirting to make a break on the roll ...let see...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,683
  • Oct 10, 2011 11:25am Oct 10, 2011 11:25am
Quoting Larseg
For those who have shorted this one with a larger than 10-20 pip SL should have learnt something very useful today...

320-340 pips in a day can happen...and always wait for a confirmed reversal...
Yep... Anything can and will happen. It's why I try and focus on the text under my username so often... market plays by my rules, and if it doesn't, I don't want anything to do with it.

Haven't sold today, but haven't bought either.

Just have been a bystander watching in awe. LOL

Had lots of signals to long though...

long until short, short until long.
  • #23,684
  • Oct 10, 2011 11:26am Oct 10, 2011 11:26am
In retro spect... pa has been really well behaved, as long as your bias was long. LOL
  • #23,685
  • Oct 10, 2011 11:28am Oct 10, 2011 11:28am
Quoting Venice
In retro spect... pa has been really well behaved, as long as your bias was long. LOL
yea, but last week was shit.
  • #23,686
  • Oct 10, 2011 11:30am Oct 10, 2011 11:30am
Quoting pkimnyc
yea, but last week was shit.
Yeah... it wasn't a very easy ride on my long term plays, had me biting nails a bit more then usual.

Then the sell off on Friday... I was like ... oh boy. Yay for knee jerk reactions. And we all know those last well...

I can handle a losing trade, I can handle a winning trade... but man... purgatory trades... bit of an annoyance. LOL
  • #23,687
  • Oct 10, 2011 11:35am Oct 10, 2011 11:35am
Heyyyy... do actually see a swing low in the making on my 10m?!? 3670, you fat arse.

Do it, you know you want to.
  • #23,688
  • Oct 10, 2011 11:40am Oct 10, 2011 11:40am
Quoting Venice
Heyyyy... do actually see a swing low in the making on my 10m?!? 3670, you fat arse.

Do it, you know you want to.
london is out dude....
  • #23,689
  • Oct 10, 2011 11:45am Oct 10, 2011 11:45am
Quoting Venice
Heyyyy... do actually see a swing low in the making on my 10m?!? 3670, you fat arse.

Do it, you know you want to.
I cashed n crashed early last night when I never got confirmation or bounce off the M1 1440 for the directional change, but the way I sees it, we have moved a ton off of Chino highs and Chino close so will be looking for that area as a place to buy.

I had anticipated a drop to yearly lows as the China banks never had ops to buy cheap, and have been waiting for a test of the H4 200EMA, but seem to have figured them in the wrong order, up then down, instead of down then up...

Fawkers!!!

Anyways, here's whut Ima gunna be lookin fer...

Most likely not be taking anything, right now, with London closed, bank holidays in US and CAN, easy to get caught in a sideways movement. Fuckem, if I get my load, I get it, otherwise will look to see whatsa shaking for TK.
Attached Image (click to enlarge)
Click to Enlarge Name: ret.jpg Size: 65 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #23,690
  • Oct 10, 2011 12:02pm Oct 10, 2011 12:02pm
Quoting PhAnTi'
this is just ridiculous
If you think about market psychology at the brink of events, this isn't ridiculous at all.

Fear of a significant bank failure has been an overhanging cloud for months. Then one does; the irony that it ranked highest in the stress tests is just one of those little ... ironies; not any cause of more systemic concerns. It's handled. Everybody plays ball, and the problem is gone.

The Slovakians have gotten their position on the record, and now, tonight, they, too, will play ball.

So the news is out, and the imminent threats have passed. The underlying problems are still there, but there is just a little more evidence today that they can and will be handled than there was Friday.

Just kicking the can? Sure it is. But all that's happened is the can has another little dent in it. The good news, worth almost a 37 handle, is that there is still a can to kick.

Got stopped out of the HG on Friday, but I'll put it back on somewhere above 40 basis Nov. That alone says I expect another dose of long term reality to set in yet this month. But not today.
  • #23,691
  • Oct 10, 2011 12:04pm Oct 10, 2011 12:04pm
Quoting OldQuant
If you think about market psychology at the brink of events, this isn't ridiculous at all.

Fear of a significant bank failure has been an overhanging cloud for months. Then one does; the irony that it ranked highest in the stress tests is just one of those little ... ironies; not any cause of more systemic concerns. It's handled. Everybody plays ball, and the problem is gone.

The Slovakians have gotten their position on the record, and now, tonight, they, too, will play ball.

So the news is out, and the imminent threats have passed....
Thanks for your point of view.
All in all ill stick to the technicals that still make me selling it.

Lets c,
Jonas
Hero calls followed by margin calls...
  • #23,692
  • Oct 10, 2011 12:05pm Oct 10, 2011 12:05pm
...it's all a crock.

The mentioned post from last week, should people wonder what I am referring to: http://www.forexfactory.com/showthre...60#post5012560
Attached Image (click to enlarge)
Click to Enlarge Name: euw_101011.gif Size: 71 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #23,693
  • Oct 10, 2011 12:08pm Oct 10, 2011 12:08pm
Quoting PhAnTi'
All in all ill stick to the technicals that still make me selling it.
That's all I'm doing with EUR, too. It's the only thing that makes sense: follow the price as the signal informs you to trade it. No one can out-guess or anticipate lunatics.
  • #23,694
  • Oct 10, 2011 12:09pm Oct 10, 2011 12:09pm
yeah..
today the h*cker group h*cked only SELL button instead BUY.. [one button at the time? ]

ROFL...
  • #23,695
  • Oct 10, 2011 12:13pm Oct 10, 2011 12:13pm
Quoting PhAnTi'
Thanks for your point of view.
All in all ill stick to the technicals that still make me selling it.

Lets c,
Jonas
No fear, brotha! hehe. I don't like the highs personally, but even if we are starting a new uptrend... the bottom half needs to hold its ground now. It's never a straight move. I'd say 3400 is still easily in the path...
  • #23,696
  • Oct 10, 2011 12:13pm Oct 10, 2011 12:13pm
Quoting Piters
yeah..
today the h*cker group h*cked only SELL button instead BUY.. [one button at the time? ]

ROFL...

I see what you did there.
  • #23,697
  • Oct 10, 2011 12:19pm Oct 10, 2011 12:19pm
Quoting Venice
No fear, brotha! hehe. I don't like the highs personally, but even if we are starting a new uptrend... the bottom half needs to hold its ground now. It's never a straight move. I'd say 3400 is still easily in the path...
It's pretty manic right now.
Attached Image (click to enlarge)
Click to Enlarge Name: F1010.jpg Size: 55 KB
  • #23,698
  • Oct 10, 2011 12:24pm Oct 10, 2011 12:24pm
Good old Pre-Earnings Rally
Disclaimer: Check your 1m charts
  • #23,699
  • Oct 10, 2011 12:24pm Oct 10, 2011 12:24pm
Quoting OldQuant
It's pretty manic right now.
Lets see if we breach 3698 for a new high. It's having a bit of a time with 70.
  • #23,700
  • Oct 10, 2011 12:24pm Oct 10, 2011 12:24pm
Quoting PhAnTi'
Thanks for your point of view.
All in all ill stick to the technicals that still make me selling it.

Lets c,
Jonas
same here.. 3641 is my target 1
those who can, do. those who cant, talk about those who can
10 traders viewing now