The Really Useless Thread | Page 1825 | 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

  • #36,481
  • Nov 28, 2011 7:05am Nov 28, 2011 7:05am
These look good?
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 82 KB
dreams do come true.
  • #36,482
  • Nov 28, 2011 7:23am Nov 28, 2011 7:23am
Quoting wannaberich
These look good?

decisions decisions ... i am gonna try these levels. I will let you know if I like them or not when NY gets going.

hate Mondays too
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5.gif Size: 25 KB
  • #36,483
  • Nov 28, 2011 7:25am Nov 28, 2011 7:25am
So it was straight up & waiting up again 3369 or + to take a scalping short if next breaks 3342/35 for further down .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #36,484
  • Nov 28, 2011 7:27am Nov 28, 2011 7:27am
Quoting fontu
So it was straight up & waiting up again 3369 or + to take a scalping short if next breaks 3342/35 for further down .
fontu
what about a move back to the highs with a close above 3363 and a higher high this hour fontu?
Look Sharp/Trade Tight
  • #36,485
  • Nov 28, 2011 7:32am Nov 28, 2011 7:32am
3381 the close of the swing high, 3386, the mid..
Look Sharp/Trade Tight
  • #36,486
  • Edited 8:15am Nov 28, 2011 7:40am | Edited 8:15am
Quoting PayTheLimit
what about a move back to the highs with a close above 3363 and a higher high this hour fontu?
may not always follow through , at some point to break , may be here as apparently c wave up ended or soon , not that clear & if ended then a down to now b up towards top ok before fall possible .anyway before breaks 42/35 nothing can be concluded .
lets see .
fontu
now cretical time has reached , price near 3404 , previous or still now mofu top , what market wants to , short there to see scalping , sl above 04.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #36,487
  • Nov 28, 2011 7:52am Nov 28, 2011 7:52am
bastards..
Look Sharp/Trade Tight
  • #36,488
  • Nov 28, 2011 8:03am Nov 28, 2011 8:03am
Quoting PayTheLimit
hope you get your mojo back brother...

think I'm done for the day, I have been tempted by the short side, but didnt pull the trigger...

for me I think a lot will depend on the daily DX/Eur, should the bulls manage a close above fridays highs, and near the highs of the day, we might have a short term bottom, and I would look for 3526/30 to be tested in short order, but a close sub 3315/17 will keep me bearish, and looking for 3165..but its early yet...
chart, 3425 is the mid of the large bear bar from last week...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 24 KB
Look Sharp/Trade Tight
  • #36,489
  • Nov 28, 2011 8:10am Nov 28, 2011 8:10am
last hours mid is 3369...
Look Sharp/Trade Tight
  • #36,490
  • Nov 28, 2011 8:12am Nov 28, 2011 8:12am
sisse, whadya see?
Look Sharp/Trade Tight
  • #36,491
  • Nov 28, 2011 8:13am Nov 28, 2011 8:13am
LOOKING ROUND 3420 FOR A POSSIBLE sh
  • #36,492
  • Nov 28, 2011 8:22am Nov 28, 2011 8:22am
Quoting PayTheLimit
sisse, whadya see?
Same view as early in the morning. UP/Down/UP week with NFP. Only a strong FA will cancel that scenario.

TA, Agree with the 1.342x area. Despite the mid of mib is last swing low in daily (rejection in play for the reversal/pullback later). H4 I also have 1.343x so I am guessing is too obvious so careful with that. V Short term bears cleaned (US holiday bears) so we'll need new selling to gauge strength.

To the "1st upside" I have 1.351x as max limit. For the sell later this week 1.321x is strong and capping with a max overextension 1.315x (key if it happens as will open monthly continuation down to further LL). Finally for the monthly/weekly roll 1.351x/4x seems a healthy level in the move up.

After is a bit far but a break 1.354x this/next week will open 1.377x but that for later...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #36,493
  • Nov 28, 2011 8:29am Nov 28, 2011 8:29am
back just in time for NY
  • #36,494
  • Nov 28, 2011 8:30am Nov 28, 2011 8:30am
Quoting AllyB
decisions decisions ... i am gonna try these levels. I will let you know if I like them or not when NY gets going.

hate Mondays too
slight change
Attached Image
  • #36,495
  • Nov 28, 2011 8:37am Nov 28, 2011 8:37am
Quoting sisse
Same view as early in the morning. UP/Down/UP week with NFP. Only a strong FA will cancel that scenario.

TA, Agree with the 1.342x area. Despite the mid of mib is last swing low in daily (rejection in play for the reversal/pullback later). H4 I also have 1.343x so I am guessing is too obvious so careful with that. V Short term bears cleaned (US holiday bears) so we'll need new selling to gauge strength.

To the "1st upside" I have 1.351x as max limit. For the sell later this week 1.321x is strong and capping with a max overextension 1.315x...
seems like a lot of our levels are lining up...

agree on 3420/25, a good many eyes on that area, pretty surprsing that we are even talking about it today...

right now I am watching 3390/96, should that hold again, and we manage a bear close through 3363/69, that might bring some bears back out..a push through kills my session..gl bro..
Look Sharp/Trade Tight
  • #36,496
  • Nov 28, 2011 8:40am Nov 28, 2011 8:40am
Quoting PayTheLimit
seems like a lot of our levels are lining up...

agree on 3420/25, a good many eyes on that area, pretty surprsing that we are even talking about it today...

right now I am watching 3390/96, should that hold again, and we manage a bear close through 3363/69, that might bring some bears back out..a push through kills my session..gl bro..
the way SP is going, it does not look like bears are going to show up.
  • #36,497
  • Nov 28, 2011 8:44am Nov 28, 2011 8:44am
Quoting darimik
the way SP is going, it does not look like bears are going to show up.
yea as far as I'm concerned its tough to be bearish righ now...I have a funny feeling in the pit of my stomach that this bastard might have put in a short term low in, at least for the next few days, either that or I have some bad gas brewing...
Look Sharp/Trade Tight
  • #36,498
  • Nov 28, 2011 8:46am Nov 28, 2011 8:46am
Quoting PayTheLimit
seems like a lot of our levels are lining up...

agree on 3420/25, a good many eyes on that area, pretty surprsing that we are even talking about it today...

right now I am watching 3390/96, should that hold again, and we manage a bear close through 3363/69, that might bring some bears back out..a push through kills my session..gl bro..
I don't like price stalling at these levels today (still plenty of time but) as it will open 1.351x in one shoot. I got 1.334x (last break out point intraday) as the reference "line" between bulls/bears.

ES recovered all holiday selloff in the opening range today on v.strong first Black Friday reports but is testing last breakout point down (1193.xx). The last leg down was almost perpendicular (75+ degrees slope) so there is a lot of air in between break out point and next R (1254.xx). Not an easy one to call an entry without reports later this week. Staying on the sidelines there and trading conservative in the euro.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #36,499
  • Nov 28, 2011 8:57am Nov 28, 2011 8:57am
Quoting PayTheLimit
yea as far as I'm concerned its tough to be bearish righ now...I have a funny feeling in the pit of my stomach that this bastard might have put in a short term low in, at least for the next few days, either that or I have some bad gas brewing...
yeah but it takes about two days on average to trigger panic again.. wonder if we bounce to the sky

always seems simple after the fact
  • #36,500
  • Nov 28, 2011 8:58am Nov 28, 2011 8:58am
Quoting darimik
yeah but it takes about two days on average to trigger panic again.. wonder if we bounce to the sky

always seems simple after the fact
why the bastards gotta make it so difficult...
Look Sharp/Trade Tight
81 traders viewing now