The Really Useless Thread | Page 1732 | 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

  • #34,621
  • Nov 18, 2011 9:04am Nov 18, 2011 9:04am
Quoting Mr Hatch
what I'm asking myself now, that it is out... WHO is going to buy any debt if there is the way higher risk to lose that money? up to now, the countries had to be saved to some extent, but now? am I missing something here?
Well in my view is simple. Is like in any bankruptcy. Panic/fear and pain only exist when everybody knows that is going to happen, after? is gone. You lose your money and that's it. Nothing you can do.

Is +/- (very different circumstances btw) with the mortgage/banks in the US in 2008. You made 1000 small banks collapse but guarantee with lots of support and money the big ones so you create "confidence" that you are getting rid of the bad and leaving the good with strong support of puiblic money and reforms...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #34,622
  • Nov 18, 2011 9:06am Nov 18, 2011 9:06am
Quoting gatorinla
repeat
yap the same shitt its nice though to have a range
  • #34,623
  • Nov 18, 2011 9:10am Nov 18, 2011 9:10am
Quoting gatorinla
oil was going up as eu was going down. if oil consolidates at the current low 98.26 area or bounces up some then breaks 98.26 or whatever low is near 98.26. (bigger tf need to show bounce). then we should c 93.21 with a mid at 95.74. if the levels are not broke as desribed. we can go lower. but the targets will be invalid.
now most things are lined up.. gold has lit a bear candle.. oil still has to do as described.

the red target line for gold is under the tl.. above chart
? click the original. lots missing here.
Attached Image
those who can, do. those who cant, talk about those who can
  • #34,624
  • Nov 18, 2011 9:19am Nov 18, 2011 9:19am
slip·per·y (slhttp://img.tfd.com/hm/GIF/ibreve.gifphttp://img.tfd.com/hm/GIF/prime.gifhttp://img.tfd.com/hm/GIF/schwa.gif-rhttp://img.tfd.com/hm/GIF/emacr.gif)
adj. slip·per·i·er, slip·per·i·est 1. Causing or tending to cause sliding or slipping: a slippery sidewalk.
2. Tending to slip, as from one's grasp: a slippery bar of soap.
3. Not trustworthy; elusive or tricky: "How extraordinarily slippery a liar the camera is" (James Agee).



Look Sharp/Trade Tight
  • #34,625
  • Nov 18, 2011 9:20am Nov 18, 2011 9:20am
Quoting gatorinla
? click the original. lots missing here.

nice chart whats u line in the sand mine 100.10's SL at it for 600-700 risk about 100
  • #34,626
  • Nov 18, 2011 9:20am Nov 18, 2011 9:20am
Quoting chazzle
last week low , the h close
if it goes proper , game over
  • #34,627
  • Nov 18, 2011 9:22am Nov 18, 2011 9:22am
Quoting KiwiTrada
Brent Oil
Fill 109 84 Target Achieved 108 84 100+
Fill 109 56 SL moved to 109 36 BE 26+

US Oil
Fill 99 94 Target 2 Achieved 99 19 75+
Fill 110 00 SL moved to 99 60 50+
Fill 99 76 SL moved 99 56 20+

Drink Time Kiwi
marvelous KiwiTrada, good job
just wished I didn't fuck-up
Don't be a hero. Don't have an ego. Always question yourself
  • #34,628
  • Nov 18, 2011 9:28am Nov 18, 2011 9:28am
what did i miss?? what we got here? friday afternoon double bait and switch?
  • #34,629
  • Nov 18, 2011 9:31am Nov 18, 2011 9:31am
Quoting Mr Hatch
what I'm asking myself now, that it is out... WHO is going to buy any debt if there is the way higher risk to lose that money? up to now, the countries had to be saved to some extent, but now? am I missing something here?
*L*
lets simplify.the banks buy the euro bonds mostly of the countries selling them. the larger amount are bought by the local banks. (meaning french banks ect. buy mostly french bonds.)
You will see a fu when that scale is unbalanced. like a french bank holding more greek bonds then, for instance greek banks own.
now consider the banks are backed by the country it resides in.
when the banks get in trouble they buy less bonds. so the country that it resides in has trouble selling bonds. the price rises to entice investors to buy.
at some point this rise is more then the country can pay.
this is why the ecb stepped in and is buying,
the ecb is backed by its members.
the ecb backs the countries (members)
the countries back the banks.
the banks finance all and are broke..
the banks don't buy what the countries are selling
flush
the banks own the media
those who can, do. those who cant, talk about those who can
  • #34,630
  • Nov 18, 2011 9:36am Nov 18, 2011 9:36am
Quoting gatorinla
*L*
lets simplify.the banks buy the euro bonds mostly of the countries selling them. the larger amount are bought by the local banks. (meaning french banks ect. buy mostly french bonds.)
You will see a fu when that scale is unbalanced. like a french bank holding more greek bonds then, for instance greek banks own.
now consider the banks are backed by the country it resides in.
when the banks get in trouble they buy less bonds. so the country that it resides in has trouble selling bonds. the price rises to entice investors to buy.
at some point...
hmmm,

http://en.wikipedia.org/wiki/Ponzi_scheme
  • #34,631
  • Nov 18, 2011 9:36am Nov 18, 2011 9:36am
PTL...exit stage left...good luck, and enjoy the weekend..
Look Sharp/Trade Tight
  • #34,632
  • Nov 18, 2011 9:39am Nov 18, 2011 9:39am
Quoting gatorinla
*L*
lets simplify.the banks buy the euro bonds mostly of the countries selling them. the larger amount are bought by the local banks. (meaning french banks ect. buy mostly french bonds.)
You will see a fu when that scale is unbalanced. like a french bank holding more greek bonds then, for instance greek banks own.
now consider the banks are backed by the country it resides in.
when the banks get in trouble they buy less bonds. so the country that it resides in has trouble selling bonds. the price rises to entice investors to buy.
at some point...
no nice end here the media allways fucks up no truth what so ever what next
  • #34,633
  • Nov 18, 2011 9:41am Nov 18, 2011 9:41am
Quoting PayTheLimit
PTL...exit stage left...good luck, and enjoy the weekend..
Enjoy you weekend bro. Just grabbed more crumbs from those short 1.361x and now a flood of bit and pieces from the EZ to complete the package. Latest include unlimited bond buying but given away all sovereignty left (if any) on Greece and friends. Makes sense from a market perspective but I don't think for those independence and sovereign "fighters" in the EU...

Giving a few more minutes till London close to see how the last ES position open pans out.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #34,634
  • Nov 18, 2011 9:42am Nov 18, 2011 9:42am
Oi. H4 closed below 3539. Still in the box.
  • #34,635
  • Nov 18, 2011 9:45am Nov 18, 2011 9:45am
Quoting darimik
my sell limits on e/u got triggered at 3593.
covered at 16. re entered again 3535.1, but high chance of getting pushed out. SL 7 pips

Attached Image
  • #34,636
  • Nov 18, 2011 9:56am Nov 18, 2011 9:56am
Quoting darimik
covered at 16. re entered again 3535.1, but high chance of getting pushed out. SL 7 pips
nice trade mate
  • #34,637
  • Nov 18, 2011 9:58am Nov 18, 2011 9:58am
Quoting USD-Bear
marvelous KiwiTrada, good job
just wished I didn't fuck-up
Is much patience, my guess you enter too early, got stopped, then become gun shy, both crudes was ripe,

You said you just a simple nervous trader, lose the nervous, is a killer emotion
I be very clinical when trade, used to get very excited, or extremely angry, I like H&S and Falling Wedge as best pattern. neckline was almost to the pip, right shoulder is 1st attempt we tried, was not optimum but acceptable, tl,s fibs etc were point ot higher shoulder, even your DPP concured, biggest problem is the sma"s and ltl creaping up underneath, pity is Friday, mid week is better possibility for enough punch to drive down, my guess if or when they break will be very violent counter

Will obliterate H&S pattern, reality is if trading s&,r is ascending channel, touching ltl, plus supports close, high probability it should bounce, was pushing the norm even try short her, was other ladies which help decide,

I very happy with quota minimal loss, is a night to enjoy.
Even swissy spew some pips she hitted resist now, but was nice
If you are new to Forex? Say Goodbye to your account!!
  • #34,638
  • Nov 18, 2011 10:00am Nov 18, 2011 10:00am
Quoting chazzle
nice trade mate
thanks.. I try my best.. often it does not work
  • #34,639
  • Nov 18, 2011 10:01am Nov 18, 2011 10:01am
Lower highs lower lows all week - took a short 62 - surely it can't blow up in my face?

looking to lock it asap

sl 82
Attached Image (click to enlarge)
Click to Enlarge Name: AUH1.jpg Size: 80 KB
  • #34,640
  • Nov 18, 2011 10:01am Nov 18, 2011 10:01am
bored...

Inserted Video
5 traders viewing now