The Really Useless Thread | Page 3425 | 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

  • #68,481
  • Mar 28, 2012 10:19pm Mar 28, 2012 10:19pm
bbl..
Look Sharp/Trade Tight
  • #68,482
  • Mar 28, 2012 10:22pm Mar 28, 2012 10:22pm
Quoting attila
I actually think the best way is to enter a trade AFTER a level was broken, in the opposite direction..
The best way to enter a trade (not that it happens so often that it would allow you to trend only this formation) is after a level is broken and retested from the other side - thatīs a no brainer.
Quant Hedge Fund CEO
  • #68,483
  • Mar 28, 2012 10:22pm Mar 28, 2012 10:22pm
Quoting FXMastermind
Feck me, you have that much trouble in your country for speeding?! Bloody hell.

I actually drive quite often 250-300 kmh, just for the fun of it (I love speed...) and because my car allows me to do it, but when I get caught (and it happened only once, our policemen are lazy bums), all I got was a ticket worth 100 bucks...

Good luck, mate!
This is what you need in the states, pays itself back about every day.
Attached Image (click to enlarge)
Click to Enlarge Name: Radar.jpg Size: 100 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #68,484
  • Mar 28, 2012 10:32pm Mar 28, 2012 10:32pm
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.
Well, VIX is actually at the lowest levels since 2008 so we donīt have really that much volatility these days.

The problem in my eyes is that we experience much lower volume, which enables even "smaller" amounts of money to effectively manipulate the market during dead hours (e.g. late Asia, early Europe).

Remember that spike to the upside on Friday in EU? After those horrible manufacturing numbers on Thursday, when EU got beaten badly? It made like 80 pips during Frankie only and all of that because of some speculative move of some Russian and Chinese guys, with help of stops being triggered, of course...

Thatīs why I trade strictly London + overlap mostly, the volume is usually sufficient enough to effectively mitigate such one-sided attempts to drive the market. We have difficult market these days, no doubt, but thatīs becaue there is so much uncertainty that every fart of every stupid EU official might move it one way or another.

Thatīs largely why I donīt rely on anything else than my newsfeed and what I see PA doing in front of me at the very moment and why I trade largely small TFs - you canīt rely that much on bigger ones as you used to...

...my 2c
Quant Hedge Fund CEO
  • #68,485
  • Mar 28, 2012 10:38pm Mar 28, 2012 10:38pm
Quoting darimik
it was because he was over the limit on alcohol..
Oh I see...Yeah, that gets you into serious trouble here as well...

I NEVER drive my car when drinking though, one of the rules I never break...
Quant Hedge Fund CEO
  • #68,486
  • Mar 28, 2012 10:41pm Mar 28, 2012 10:41pm
Quoting fxjawn
yea i use the 50 and the 200ema and my glorious charm...


i like the emas for profit targets, stops as well
Moving averages are actually one of the finest tools, they are old and people tend to rely more on the shiny new ones with plenty of colours, arrows and twenty lines in it, but they are still the best to tell you a few simple facts about the PA your brain canīt compute (at least not as quickly )
Quant Hedge Fund CEO
  • #68,487
  • Mar 28, 2012 10:43pm Mar 28, 2012 10:43pm
Quoting FXMastermind
Moving averages are actually one of the finest tools, they are old and people tend to rely more on the shiny new ones with plenty of colours, arrows and twenty lines in it, but they are still the best to tell you a few simple facts about the PA your brain canīt compute (at least not as quickly )
institutions use the ema's u can tell by the way pa reacts to them so if they are using them so do i....

the shiny ones are like listening to cnbc for stock pics... you rely on indicators your late to the fuckin party
  • #68,488
  • Mar 28, 2012 10:44pm Mar 28, 2012 10:44pm
Quoting fxjawn
hmmm i may take another look then...
Bummer, PTL the Market Manipulator went short?! Better to start looking for a place to cover my 3285 long then...Not really feeling like standing in the way of the Fabulous Steamroller.

I had it set for 40 overnight but that was obviously too far for Asia

Me thinks I might drop it @30, just not to provoke the God of Mids, whoīs probably laying a cable right now.
Quant Hedge Fund CEO
  • #68,489
  • Mar 28, 2012 10:45pm Mar 28, 2012 10:45pm
Quoting fxjawn
institutions use the ema's u can tell by the way pa reacts to them so if they are using them so do i....

the shiny ones are like listening to cnbc for stock pics... you rely on indicators your late to the fuckin party
You are bloody right, mate, I always used CNBC rather as a contraindicator
Quant Hedge Fund CEO
  • #68,490
  • Mar 28, 2012 10:50pm Mar 28, 2012 10:50pm
Quoting FXMastermind
You are bloody right, mate, I always used CNBC rather as a contraindicator
the euro thread is pretty good for that too if your lazy bro lol
  • #68,491
  • Mar 28, 2012 10:54pm Mar 28, 2012 10:54pm
Quoting fxjawn
the euro thread is pretty good for that too if your lazy bro lol


I was seriously thinking of hiring one of the guys there (nick is Incrediblle) to tell me whenever he wants to enter a trade and I would do the exact opposite (broker style...). Operation "Cannot possibly fail", so to speak.

Boy, he was incredibl(l)y useless...

EDIT: Btw, message received, mate, I will go through it later in the afternoon, now I have to do my pre-market analysis...
Quant Hedge Fund CEO
  • #68,492
  • Mar 28, 2012 11:11pm Mar 28, 2012 11:11pm
Ok, covered my EU long @30 for 45 green ones, now flat across the board, PTL is free to do his dirty business (not THE one, the other one )
Quant Hedge Fund CEO
  • #68,493
  • Mar 28, 2012 11:13pm Mar 28, 2012 11:13pm
Quoting FXMastermind
Ok, covered my EU long @30 for 45 green ones, now flat across the board, PTL is free to do his dirty business (not THE one, the other one )
and his business will be dirty trust me...

whats your background bro...?
  • #68,494
  • Mar 28, 2012 11:18pm Mar 28, 2012 11:18pm
Quoting FXMastermind
Ok, covered my EU long @30 for 45 green ones, now flat across the board, PTL is free to do his dirty business (not THE one, the other one )
now its exploding topside... pussy!!!! lolol

joking man
  • #68,495
  • Mar 28, 2012 11:21pm Mar 28, 2012 11:21pm
Quoting FXMastermind
Ok, covered my EU long @30 for 45 green ones, now flat across the board, PTL is free to do his dirty business (not THE one, the other one )
You stupid bum, you could have waited those extra 10 minutes to get 10 pips more as originally planned...
Quant Hedge Fund CEO
  • #68,496
  • Mar 28, 2012 11:22pm Mar 28, 2012 11:22pm
Quoting FXMastermind
You stupid bum, you could have waited those extra 10 minutes to get 10 pips more as originally planned...
FUCKIN PTL i swear
  • #68,497
  • Mar 28, 2012 11:22pm Mar 28, 2012 11:22pm
Quoting fxjawn
now its exploding topside... pussy!!!! lolol

joking man
Thatīs what I am, no kidding...

...got scared of PTLs cable again...
Quant Hedge Fund CEO
  • #68,498
  • Mar 28, 2012 11:24pm Mar 28, 2012 11:24pm
Quoting fxjawn
FUCKIN PTL i swear
Amen, bro...Heīs the one to blame here! I am sure he was secretly long all the time and pretended short to make me ejaculate prematurely from my position so more money is left for him...

cunning bastard.
Quant Hedge Fund CEO
  • #68,499
  • Mar 28, 2012 11:24pm Mar 28, 2012 11:24pm
Quoting FXMastermind
Thatīs what I am, no kidding...

...got scared of PTLs cable again...
i swear this a typical ptl head fake... he is out tweeting to the pits that greece won the lottery and its saved... meanwhile he is fading like a whore
  • #68,500
  • Mar 28, 2012 11:24pm Mar 28, 2012 11:24pm
morning,

USDOLLAR H1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0025.jpg Size: 95 KB
Don't be a hero. Don't have an ego. Always question yourself
37 traders viewing now