The Really Useless Thread | Page 3422 | 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

  • #68,421
  • Mar 28, 2012 7:52pm Mar 28, 2012 7:52pm
I actually think the best way is to enter a trade AFTER a level was broken, in the opposite direction..
  • #68,422
  • Mar 28, 2012 7:53pm Mar 28, 2012 7:53pm
Quoting attila
I don't think it works that way.. While the phone call is in the ether, the market has already positions established (sL, opposite orders etc). When the phone rings, it's just gonna wipe them clean, and if it's not done, goes to the next level..

The way I see it, we the suckers are here to provide liquidity for those orders.
Oh yeah, without a doubt. That is just the concept behind it.

I think lately, the problem is, they dump the orders in then cut and run. So by the time price comes back to it, they have already switched directions again.

It use to be once they established a direction, there wasn't much deviance to that direction. Now it just steam rolls both ways, or gets stuck in one area for days on ends.
  • #68,423
  • Mar 28, 2012 7:55pm Mar 28, 2012 7:55pm
Quoting Venice
Oh yeah, without a doubt. That is just the concept behind it.

I think lately, the problem is, they dump the orders in then cut and run. So by the time price comes back to it, they have already switched directions again.

It use to be once they established a direction, there wasn't much deviance to that direction. Now it just steam rolls both ways, or gets stuck in one area for days on ends.
Are you listening during the day how many idiots are on the wires these days? That's why NY is such a clusterfuck.. That's the problem the last couple of months..
  • #68,424
  • Mar 28, 2012 7:57pm Mar 28, 2012 7:57pm
Quoting attila
Are you listening during the day how many idiots are on the wires these days? That's why NY is such a clusterfuck.. That's the problem the last couple of months..
Nope. I have no clue how any of that stuff works... just a metric ass ton huh? Everyone just running over each other.
  • #68,425
  • Mar 28, 2012 7:58pm Mar 28, 2012 7:58pm
Quoting Venice
Nope. I have no clue how any of that stuff works... just a metric ass ton huh? Everyone just running over each other.
Yeah, all the assholes on both continents..
  • #68,426
  • Mar 28, 2012 7:58pm Mar 28, 2012 7:58pm
See, like what it's doing now. Makes absolutely no sense.

Where did the bears go that were just here a minute ago... i really don't get it sometimes. Just roll over and be done with it? Ok...

All they constantly do is sucker in as many people on both sides, then feck 'em as hard as possible. lol
  • #68,427
  • Mar 28, 2012 8:00pm Mar 28, 2012 8:00pm
Quoting Venice
You sure? MACD is the moving average of all of the last bars, then smoothed. Difference is the signal line.

Momentum is the current price compared to the close price of the xth bar ago (doesn't take into account all bars inbetween like macd). Smoothing that would smooth the movement of that difference, but not the average price along the way.
Look back in history. It tells momentum.
  • #68,428
  • Mar 28, 2012 8:01pm Mar 28, 2012 8:01pm
Quoting attila
What's up with Dubai?
Notice often times, it reverses Asia move.
  • #68,429
  • Mar 28, 2012 8:01pm Mar 28, 2012 8:01pm
Quoting Venice
See, like what it's doing now. Makes absolutely no sense.

Where did the bears go that were just here a minute ago... i really don't get it sometimes. Just roll over and be done with it? Ok...
It can't make sense because it's not doing anything. Pretty much sitting here..
  • #68,430
  • Mar 28, 2012 8:02pm Mar 28, 2012 8:02pm
Quoting pkimnyc
Notice often times, it reverses Asia move.
Ah.
  • #68,431
  • Mar 28, 2012 8:03pm Mar 28, 2012 8:03pm
Quoting Venice
The best combination ever for indicators, which don't exist would be...

1) Determine if currently ranging / trending
2) Range player
3) Trend player

Thats the holy grail. But price tells you what it's doing at face value... so yeah.
Bollinger band.
  • #68,432
  • Mar 28, 2012 8:08pm Mar 28, 2012 8:08pm
Quoting pkimnyc
Notice often times, it reverses Asia move.
Is Dubai open 3 hours from now (almost)?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #68,433
  • Mar 28, 2012 8:11pm Mar 28, 2012 8:11pm
Quoting KillerWhale
Is Dubai open 3 hours from now (almost)?
Yes. Might wanna indicate that open price on your chart. Acts as Sr too.
  • #68,434
  • Mar 28, 2012 8:16pm Mar 28, 2012 8:16pm
Quoting pkimnyc
Bollinger band.
One of my favorite indis is RSI 14
Settings: fixed min 15 fixed max 85.
Levels 30, 40, 65 and 75.
Make that window wider so you can see it..

Bull market: moves between 40 and 75
Bear: 30 and 65
When it starts bouncing between 65 and 40, it changes the previous trend..

One of my little secrets revealed.

Put some trend lines on it too..
  • #68,435
  • Mar 28, 2012 8:17pm Mar 28, 2012 8:17pm
Quoting pkimnyc
Yes. Might wanna indicate that open price on your chart. Acts as Sr too.
Thanks
New voice message: Why are you calling me? If I need you, I'll call you!
  • #68,436
  • Mar 28, 2012 8:19pm Mar 28, 2012 8:19pm
Quoting attila
One of my favorite indis is RSI 14
Settings: fixed min 15 fixed max 85.
Levels 30, 40, 65 and 75.
Make that window wider so you can see it..

Bull market: moves between 40 and 75
Bear: 30 and 65
When it starts bouncing between 65 and 40, it changes the previous trend..

One of my little secrets revealed.
I prefer stoch + macd. I know rsi is a bit faster, but I'm used to stoch. LOL
  • #68,437
  • Mar 28, 2012 8:20pm Mar 28, 2012 8:20pm
Man, those boys on the Aussie are not letting it unwind easily, are they.
  • #68,438
  • Mar 28, 2012 8:46pm Mar 28, 2012 8:46pm
Quoting Venice
Man, those boys on the Aussie are not letting it unwind easily, are they.
no shit damn...
  • #68,439
  • Mar 28, 2012 8:47pm Mar 28, 2012 8:47pm
Quoting fxjawn
no shit damn...
I'm ready for a glorious carry trade. Maybe a few more months... although... the Aussie isn't paying out as good anymore is it?
  • #68,440
  • Mar 28, 2012 8:56pm Mar 28, 2012 8:56pm
Grabbed another quick 10 to the southside... but this thing feels all kinds of buyer heavy. I don't think I'm going to get an overnight play in... By all accounts we should be going down, but lots of demand below. ugg.

They need let the daily chart oscillate better. My bias on the H4 will make me look for demand consumption rather than rejection...
12 traders viewing now