The Really Useless Thread | Page 3124 | 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

  • #62,461
  • Mar 6, 2012 4:44pm Mar 6, 2012 4:44pm
It is hard mate lately and with work thrown in to the pot for me makes it even harder to concentrate.

As Gator says, price has memory and these plays take some time to play out. The way i see it is that we are still working off Fibs from 27-Jan to 1-Feb (H4 Chart below). I mark the important levels 100, 61.8, 50, 23.6 etc. etc. on H1 chart and pull the trigger at these levels when PA weakens/strengthens etc.


Quoting attila
Pisses me off to no end. I've got to change something because it's just not worth the effort.

3100 is a strong support. We'll see..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu4hr.gif Size: 20 KB
Click to Enlarge Name: eu1hr.gif Size: 15 KB
Disclaimer: Check your 1m charts
  • #62,462
  • Mar 6, 2012 4:46pm Mar 6, 2012 4:46pm
my (worthless) 2 cents.

1.3060-70 IS the biggest area. 4h and 1h magnets there. the 1h magnet invalidates at 1.3190. that is also the place where the daily upward TL turns from a break to a failed break (forexcube posted that already) so that is a big number for me to know if we will get to 1.3060 or not. my question is: should i wait for these numbers to make my decision or get in now (if we do get above weekly L3) as the stoch 1h has been oversold for almost a century now?

i'm taking it. just because someone has to be paying u guys. anyway u deserve that money far more than i do...
dreams do come true.
  • #62,463
  • Mar 6, 2012 4:49pm Mar 6, 2012 4:49pm
Quoting pipper
It is hard mate lately and with work thrown in to the pot for me makes it even harder to concentrate.

As Gator says, price has memory and these plays take some time to play out. The way i see it is that we are still working off Fibs from 27-Jan to 1-Feb (H4 Chart below). I mark the important levels 100, 61.8, 50, 23.6 etc. etc. on H1 chart and pull the trigger at these levels when PA weakens/strengthens etc.
I know mate. It's tough. I'm having hard time concentrating too. As I was saying before, I think I'll move up to higher TFs because it seems once it gets started one way, it just keeps going with very little pull back.. Very annoying, but it is what it is..
  • #62,464
  • Mar 6, 2012 4:53pm Mar 6, 2012 4:53pm
Quoting wannaberich
my (worthless) 2 cents.

1.3060-70 IS the biggest area. 4h and 1h magnets there. the 1h magnet invalidates at 1.3190. that is also the place where the daily upward TL turns from a break to a failed break (forexcube posted that already) so that is a big number for me to know if we will get to 1.3060 or not. my question is: should i wait for these numbers to make my decision or get in now (if we do get above weekly L3) as the stoch 1h has been oversold for almost a century now?

i'm taking it. just because someone has to be paying u guys. anyway...
3050 is pretty much my line in the sand but nobody knows. It could very well turn here and never look back. We'll just have to watch the PA, I guess. As to your question, don't take a trade just for the heck of it. That never worked for me.. The better question is, do you take the trade betting on a bounce/reverse with a very tight SL or do you just sit out and wait for confirmation.. Safer trade, larger risk. It's never easy to choose..
  • #62,465
  • Mar 6, 2012 4:56pm Mar 6, 2012 4:56pm
Will be watching if awake 1.3070 area as it lines up on quite a few plays. Today's S1 is 1.3070 also

Quoting wannaberich
my (worthless) 2 cents.

1.3060-70 IS the biggest area. 4h and 1h magnets there. the 1h magnet invalidates at 1.3190. that is also the pAttachment lace where the daily upward TL turns from a break to a failed break (forexcube posted that already) so that is a big number for me to know if we will get to 1.3060 or not. my question is: should i wait for these numbers to make my decision or get in now (if we do get above weekly L3) as the stoch 1h has been oversold for almost a century now?

i'm taking it. just because someone has to...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 46 KB
Disclaimer: Check your 1m charts
  • #62,466
  • Mar 6, 2012 5:03pm Mar 6, 2012 5:03pm
Yes, higher tf's are the way to go to get a good run. Also, keep in back of mind that EU needs a lower € for the time being as recession looming and with all the Greek, other country debts.


Quoting attila
I know mate. It's tough. I'm having hard time concentrating too. As I was saying before, I think I'll move up to higher TFs because it seems once it gets started one way, it just keeps going with very little pull back.. Very annoying, but it is what it is..
Disclaimer: Check your 1m charts
  • #62,467
  • Mar 6, 2012 5:37pm Mar 6, 2012 5:37pm
Same levels. Took a long @ 3116 on the 15min
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min.gif Size: 14 KB
Disclaimer: Check your 1m charts
  • #62,468
  • Mar 6, 2012 5:41pm Mar 6, 2012 5:41pm
I'll know if it's turd if it comes back and kill it but i gotta get some sleep soon. still see lower overall so may put tp @ 1.3129 (next level) only

Quoting pipper
Same levels. Took a long @ 3116 on the 15min
Disclaimer: Check your 1m charts
  • #62,469
  • Mar 6, 2012 5:45pm Mar 6, 2012 5:45pm
Quoting kill56
junkiessssssssss


who the fuck hold the eur at 31000 give it up sucker
atr.. ask kill.. he can send you the idi.
Attached Image (click to enlarge)
Click to Enlarge Name: oct..PNG Size: 22 KB
those who can, do. those who cant, talk about those who can
  • #62,470
  • Mar 6, 2012 5:47pm Mar 6, 2012 5:47pm
Quoting kill56
look at dixy bro its horny and eur still doomed , i think we need to vist 2900's fro fiber to bounce , but i smell the lube in the air

might be wrong
2962...
those who can, do. those who cant, talk about those who can
  • #62,471
  • Mar 6, 2012 5:50pm Mar 6, 2012 5:50pm
Quoting gatorinla
gonna reload after bounces.. 3155? 88 97 3237... 72
add 3145
those who can, do. those who cant, talk about those who can
  • #62,472
  • Mar 6, 2012 5:53pm Mar 6, 2012 5:53pm
BE now so will leave it in the lap of the Gods. 8Hr & 6Hr looks like it might retrace a bit so might get lucky and set TP @ DP for a few green pips in the pocket

Quoting pipper
Same levels. Took a long @ 3116 on the 15min
Disclaimer: Check your 1m charts
  • #62,473
  • Mar 6, 2012 5:54pm Mar 6, 2012 5:54pm
Nice looking indi G

Quoting gatorinla
atr.. ask kill.. he can send you the idi.
Disclaimer: Check your 1m charts
  • #62,474
  • Mar 6, 2012 5:55pm Mar 6, 2012 5:55pm
safe trading all.. bed time
Disclaimer: Check your 1m charts
  • #62,475
  • Mar 6, 2012 5:56pm Mar 6, 2012 5:56pm
Quoting pipper
Same levels. Took a long @ 3116 on the 15min
chart from 2200 as per #604794 and 2355gmt
Am also long on M15, Tenkan Kijun cross as projected 3113, but it looks shortlived, might not survive asia
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 120306_eu_m15-2200.gif Size: 20 KB
Click to Enlarge Name: 120306_eu_m15-2355.gif Size: 17 KB
  • #62,476
  • Mar 6, 2012 5:57pm Mar 6, 2012 5:57pm
with a rejection at 3125 then a new low.. expect 3080 st... we have a new day.. with a new atr... 3125 - atr = 3009
those who can, do. those who cant, talk about those who can
  • #62,477
  • Mar 6, 2012 6:02pm Mar 6, 2012 6:02pm
Not that it matters after a 400 pips drop, but there's an rsi divergence on daily.
  • #62,478
  • Mar 6, 2012 6:04pm Mar 6, 2012 6:04pm
Turd Turded Defo going to bed now with no green pips for that one looking like 1.307x

Quoting pipper
I'll know if it's turd if it comes back and kill it but i gotta get some sleep soon. still see lower overall so may put tp @ 1.3129 (next level) only
Disclaimer: Check your 1m charts
  • #62,479
  • Mar 6, 2012 6:06pm Mar 6, 2012 6:06pm
once aj holds below 84.57 we should have a deep dive.. in the euro
Attached Image (click to enlarge)
Click to Enlarge Name: euro.PNG Size: 24 KB
those who can, do. those who cant, talk about those who can
  • #62,480
  • Mar 6, 2012 6:08pm Mar 6, 2012 6:08pm
Quoting attila
Not that it matters after a 400 pips drop, but there's an rsi divergence on daily.
got one one on the weekly also on the bear side.
those who can, do. those who cant, talk about those who can
3 traders viewing now