The Really Useless Thread | Page 2277 | 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

  • #45,521
  • Jan 5, 2012 5:58pm Jan 5, 2012 5:58pm
Quoting Chillypiper
Seiki Shimizu would call this a paper umbrella some call it a inverter hammer..No?
I'm fascinated about candlestick formation and still in my studies if anyone has anything to add please correct me..
It's a hammer. Reliable candle formations should be read in s/r levels though. Another thing to note: previous down move was in full force. Need to wait for exhaustion. Taking an entry based on that hammer is too risky due to the momentum behind the previous move, imo.
  • #45,522
  • Jan 5, 2012 6:02pm Jan 5, 2012 6:02pm
Excellent point! We are in nomans land. Thanks!

And I'm talken wishfully her also sitting on this long for way to long . Shit 8hrs for a few pips? Looking to close and save my cash for later..

Quoting pkimnyc
It's a hammer. Reliable candle formations should be read in s/r levels though.
  • #45,523
  • Jan 5, 2012 6:12pm Jan 5, 2012 6:12pm
Quoting Chillypiper
Excellent point! We are in nomans land. Thanks!

And I'm talken wishfully her also sitting on this long for way to long . Shit 8hrs for a few pips? Looking to close and save my cash for later..
Candle formation alone doesn't tell you if its a reversal or not. It can simply mean consolidation or a pull back.
  • #45,524
  • Jan 5, 2012 6:33pm Jan 5, 2012 6:33pm
Quoting Chillypiper
Excellent point! We are in nomans land. Thanks!

And I'm talken wishfully her also sitting on this long for way to long . Shit 8hrs for a few pips? Looking to close and save my cash for later..
depends on what your looking for, i posted a s1 chart on the yearly. those candles confirmed it. it should be worth a bounce. the r/r is not so bad.
those who can, do. those who cant, talk about those who can
  • #45,525
  • Jan 5, 2012 6:36pm Jan 5, 2012 6:36pm
Quoting Chillypiper
Excellent point! We are in nomans land. Thanks!

And I'm talken wishfully her also sitting on this long for way to long . Shit 8hrs for a few pips? Looking to close and save my cash for later..
it may not work. but it dont get much better then this. then again,
Attached Image (click to enlarge)
Click to Enlarge Name: cam 2011.PNG Size: 48 KB
those who can, do. those who cant, talk about those who can
  • #45,526
  • Jan 5, 2012 6:41pm Jan 5, 2012 6:41pm
Thank you sir! Noted. Still holding, but limited some exposure with out a loss, so let her ride. Looks like gu is holding us back some also with 5500 not giving way..

I see 5 1h bars @ HH too would you consider this some kind of compression for a drop or building momentum?

Quoting gatorinla
depends on what your looking for, i posted a s1 chart on the yearly. those candles confirmed it. it should be worth a bounce. the r/r is not so bad.
  • #45,527
  • Jan 5, 2012 6:44pm Jan 5, 2012 6:44pm
I read that thing like a book when you posted her, like most all you numbers...Much apprecatied!

Quoting gatorinla
it may not work. but it dont get much better then this. then again,
  • #45,528
  • Jan 5, 2012 6:48pm Jan 5, 2012 6:48pm
Quoting Chillypiper
Thank you sir! Noted. Still holding, but limited some exposure with out a loss, so let her ride. Looks like gu is holding us back some also with 5500 not giving way..

I see 5 1h bars @ HH too would you consider this some kind of compression for a drop or building momentum?
it cant drop w/o new sellers. if everyone is short, who will sell? we made a nice drop to the shown support. there is another at 2749.. both strong. nfp could knock them out, maybe. but what large bank is gonna short tonight? before nfp
those who can, do. those who cant, talk about those who can
  • #45,529
  • Jan 5, 2012 6:59pm Jan 5, 2012 6:59pm
Agreed. There is no value for big money to play right now and look for a larger move before they will join. what I don't see is profit taking, witch I expected to gather some form the move last night..

I will be up early tomorrow to have a go at her be it 2749 or 2860 will be my tiggers if PA says so..

Quoting gatorinla
it cant drop w/o new sellers. if everyone is short, who will sell? we made a nice drop to the shown support. there is another at 2749.. both strong. nfp could knock them out, maybe. but what large bank is gonna short tonight? before nfp
  • #45,530
  • Edited 7:14pm Jan 5, 2012 7:03pm | Edited 7:14pm
She might break 98 on this go
Attached Image
Disclaimer: Check your 1m charts
  • #45,531
  • Jan 5, 2012 7:10pm Jan 5, 2012 7:10pm
Hi Mr Piper, I have to ask, is that the Wolf or Bad Lieutenant?.. Either one is preety cool by me...lol

Quoting pipper
She might break 98 on this go
  • #45,532
  • Jan 5, 2012 7:14pm Jan 5, 2012 7:14pm
Mr. White lol

Resevoir Dogs - great film

Inserted Video


Quoting Chillypiper
Hi Mr Piper, I have to ask, is that the Wolf or Bad Lieutenant?.. Either one is preety cool by me...lol
Disclaimer: Check your 1m charts
  • #45,533
  • Jan 5, 2012 7:19pm Jan 5, 2012 7:19pm
Shit!.. I just realized my last chart I posted has a fib extention of 1.2775 in confulance with your S1 Mr G's....
  • #45,534
  • Jan 5, 2012 7:24pm Jan 5, 2012 7:24pm
Quoting gatorinla
break 2798 and st target 2823 and 2825 min
done... that yearly chart has some bigger #s much higher.
those who can, do. those who cant, talk about those who can
  • #45,535
  • Jan 5, 2012 7:26pm Jan 5, 2012 7:26pm
Quoting Chillypiper
Shit!.. I just realized my last chart I posted has a fib extention of 1.2775 in confulance with your S1 Mr G's....
no shit... from the 32xx# is a 161%
those who can, do. those who cant, talk about those who can
  • #45,536
  • Jan 5, 2012 7:26pm Jan 5, 2012 7:26pm
FK! Love that flick! You must be well rounded like me....lol

Inserted Video

Quoting pipper
Mr. White lol

Resevoir Dogs - great film

http://www.youtube.com/watch?v=Tt9AUR_b5kI
  • #45,537
  • Jan 5, 2012 7:28pm Jan 5, 2012 7:28pm
I better get my shit togetter...

Quoting gatorinla
no shit... from the 32xx# is a 161%
  • #45,538
  • Jan 5, 2012 7:30pm Jan 5, 2012 7:30pm
lol. yes, it's a classic alright

Quoting Chillypiper
FK! Love that flick! You must be well rounded like me....lol

http://www.youtube.com/watch?v=S43ud...yer_detailpage
Disclaimer: Check your 1m charts
  • #45,539
  • Jan 5, 2012 8:02pm Jan 5, 2012 8:02pm
Your turn to make the coffee G Damn 98 should break soon enough
Disclaimer: Check your 1m charts
  • #45,540
  • Jan 5, 2012 8:14pm Jan 5, 2012 8:14pm
Quoting pipper
Your turn to make the coffee G Damn 98 should break soon enough
its broke.. i just added one.. after the bounce we should go up.
those who can, do. those who cant, talk about those who can
104 traders viewing now