The Really Useless Thread | Page 1259 | 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

  • #25,161
  • Oct 13, 2011 2:27pm Oct 13, 2011 2:27pm
Quoting Wulfgar
4150??
...TA monthly is still capping the move and have priority given the current levels but I must admit a weekly close around these levels or above will open that level as extreme to the top side for the following weeks .... still too early, let see how this week pans out first....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #25,162
  • Oct 13, 2011 2:30pm Oct 13, 2011 2:30pm
Quoting Wulfgar
4150??
just ride the gravy train. if there's a major roadside atrocity we might stop for 5 minutes but no more
"If The Fool persists in his Folly he will become wise." - William Blake
  • #25,163
  • Oct 13, 2011 2:30pm Oct 13, 2011 2:30pm
that ihs completed at 3799.5
those who can, do. those who cant, talk about those who can
  • #25,164
  • Oct 13, 2011 2:30pm Oct 13, 2011 2:30pm
Quoting Venice
Oh yeah... if i'm actually at the screen... before I actually start to think about exiting (lets say I am in a long position). I will want to see that lower low and higher low form, and i'll exit on the rally, and prepare to start selling as well.

But for the set it and forget it orders, seems like it could be good for a few.

Hmmm...

To be honest venice and I probably shouldn't say this
I dont care about the method I use, I only focus on the risk and cash management... there's nothing more to it... its a numbers game....

However, I do like to put on a trade within a confirmed trend and exit before it is over but I don't really have a mechanical system...
  • #25,165
  • Oct 13, 2011 2:30pm Oct 13, 2011 2:30pm
Quoting sisse
...TA monthly is still capping the move and have priority given the current levels but I must admit a weekly close around these levels or above will open that level as extreme to the top side for the following weeks .... still too early, let see how this weeks pans out first....

sisse
Just noticed 3837 from the weekly.

Interesting... although, the retest to the southside was already played out during 9/11 week.

Double tap? Hmm... close above the mentioned level (weekly, again) may give way to 4350-4550 again.
  • #25,166
  • Oct 13, 2011 2:31pm Oct 13, 2011 2:31pm
Tempted to re-enter long at MP
Attached Image (click to enlarge)
Click to Enlarge Name: M.jpg Size: 82 KB
  • #25,167
  • Oct 13, 2011 2:33pm Oct 13, 2011 2:33pm
Highs protected?

Down to 3761, back up to 3780... (continue short??)
  • #25,168
  • Oct 13, 2011 2:33pm Oct 13, 2011 2:33pm
Quoting sisse
What the hurry mate,,,you keep shorting every 20 ticks, why don't wait for the roll???...

sisse
i short when pa tells me. .. now i get my 40..or more.. this may be the bounce from the new LH.. to the new LL
those who can, do. those who cant, talk about those who can
  • #25,169
  • Oct 13, 2011 2:34pm Oct 13, 2011 2:34pm
Quoting gatorinla
i short when pa tells me. .. now i get my 40..or more.. this may be the bounce from the new LH

number bastard!
  • #25,170
  • Oct 13, 2011 2:35pm Oct 13, 2011 2:35pm
Quoting Larseg
number bastard!
I'm more of an ebb and flow bastad
  • #25,171
  • Oct 13, 2011 2:36pm Oct 13, 2011 2:36pm
Quoting Venice
I'm more of an ebb and flow bastad

hehe,

whatever bags the pips
  • #25,172
  • Oct 13, 2011 2:38pm Oct 13, 2011 2:38pm
Quoting Venice
Just noticed 3837 from the weekly.

Interesting... although, the retest to the southside was already played out during 9/11 week.

Double tap? Hmm... close above the mentioned level (weekly, again) may give way to 4350-4550 again.
Yeap thats the one some us are playing since yesterday but it made a rather unconvincing start of the move. Is monthly/weekly so a tick above that area should trigger stops that will easily open 1.387x and above depending on the weekly roll but not necessarily rejection back (to open those 1.435x/1455x) until the monthly close (and thats miles away).

sisse

Quoting Larseg


1208....coming again, thanks
Just plotting the daily S/R (1202.xx is daily R) in the ES on intraday will do wonders....that why the ES a lot more mature and better TA wise instrument for trading...my 2 cents...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #25,173
  • Oct 13, 2011 2:38pm Oct 13, 2011 2:38pm
Quoting chazzle
In a Cloggie style self-quoting frenzy here

lol...
Look Sharp/Trade Tight
  • #25,174
  • Oct 13, 2011 2:38pm Oct 13, 2011 2:38pm
Quoting Larseg
number bastard!
he gave it up


lets see the closing of dow and es
Attached Image (click to enlarge)
Click to Enlarge Name: neverLOL2.jpg Size: 530 KB
  • #25,175
  • Oct 13, 2011 2:41pm Oct 13, 2011 2:41pm
short 1.0200 stop at BE in case it comes back for another sassy pass
  • #25,176
  • Oct 13, 2011 2:43pm Oct 13, 2011 2:43pm
Quoting chazzle
no money on it but my guess is anything over the blue diagonal will end up as wick

not forever , obviously
5 minute view of that line if we get a close above now 1.6 could be on the cards
Attached Image (click to enlarge)
Click to Enlarge Name: EUM5.jpg Size: 60 KB
  • #25,177
  • Oct 13, 2011 2:45pm Oct 13, 2011 2:45pm
Quoting chazzle
5 minute view of that line if we get a close above now 1.6 could be on the cards


Look Sharp/Trade Tight
  • #25,178
  • Oct 13, 2011 2:46pm Oct 13, 2011 2:46pm
Quoting PayTheLimit
you better believe it - 1.7 even - looking dicey , will keep you updated
  • #25,179
  • Oct 13, 2011 2:47pm Oct 13, 2011 2:47pm
Quoting chazzle
you better believe it - 1.7 even - looking dicey , will keep you updated


Look Sharp/Trade Tight
  • #25,180
  • Oct 13, 2011 2:49pm Oct 13, 2011 2:49pm
now give me 3777 so i can get 57.. w/o a HH
those who can, do. those who cant, talk about those who can
143 traders viewing now