The Really Useless Thread | Page 3586 | 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

  • #71,701
  • Apr 5, 2012 10:16am Apr 5, 2012 10:16am
On my mobile.....had at long entry at 3075 get tagged....looking for 3120....my sl is at 3045 now
  • #71,702
  • Apr 5, 2012 10:19am Apr 5, 2012 10:19am
why bust the top , Aussie - we could get a nice little range going
Attached Image (click to enlarge)
Click to Enlarge Name: w.jpg Size: 111 KB
  • #71,703
  • Apr 5, 2012 10:21am Apr 5, 2012 10:21am
Quoting PayTheLimit
yea, that is the problem...they managed to get it up here not spending a dime, but now the free ride is over..if it where up to me, I'd get the longs out, get the market short, then run it up...at any rate, normally I would not give a shit, but since its a Euro cross, part of the spike will find its way over to us, so need to keep tabs on the damn thing...

talk later, PTL..
Well, if I were in position of SNB, I would actually manipulate the market both sides - I would firstly sell the hell out of it to briefly dive below 1.20 to clear all stops and wipe out current positions and then I would cover (which would raise the price a bit) and buy the second hell out of it and drive the price up to 21-22 level at least.

The problem is that in my eyes, they can´t do it cause everybody would know that and such move would harm their reputation as well...

And furthermore, they are sworn to protect 1.20 at all costs, so even if they figured they might have done it, their hands are now tied by this promise...

Tricky situation I tell you...

...And that´s not all the fun - just imagine they´d want to raise the floor up to 1.25 - in this market, they would have to push it all the way up on their own (!!!!!!), we are talking dozens yards here, bro...
Quant Hedge Fund CEO
  • #71,704
  • Apr 5, 2012 10:23am Apr 5, 2012 10:23am
hi guys, trying a long @ 1.3070

USDOLLAR H1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0068.jpg Size: 96 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #71,705
  • Apr 5, 2012 10:24am Apr 5, 2012 10:24am
They deserve everything that's coming their way for fucking with the Market. I hope they'll get crushed to pieces so nobody will do that again.

Quoting FXMastermind
Well, if I were in position of SNB, I would actually manipulate the market both sides - I would firstly sell the hell out of it to briefly dive below 1.20 to clear all stops and wipe out current positions and then I would cover (which would raise the price a bit) and buy the second hell out of it and drive the price up to 21-22 level at least.

The problem is that in my eyes, they can´t do it cause everybody would know that and such move would harm their reputation as well...

And furthermore, they are sworn to protect 1.20 at all costs, so...
  • #71,706
  • Apr 5, 2012 10:26am Apr 5, 2012 10:26am
london bank holiday tomorrow? have a great weekend.
  • #71,707
  • Apr 5, 2012 10:28am Apr 5, 2012 10:28am
placing sell order just in case @1.3165 and finally going...

cheers
Quant Hedge Fund CEO
  • #71,708
  • Apr 5, 2012 10:29am Apr 5, 2012 10:29am
Quoting attila
They deserve everything that's coming their way for fucking with the Market. I hope they'll get crushed to pieces so nobody will do that again.
Don´t blame bankers, it´s all about politics, they are being pushed heavy into this floor from above...

talking about CB independence, meh...
Quant Hedge Fund CEO
  • #71,709
  • Apr 5, 2012 10:31am Apr 5, 2012 10:31am
Quoting FXMastermind
Don´t blame bankers, it´s all about politics, they are being pushed heavy into this floor from above...

talking about CB independence, meh...
Even better. They better dust off that guillotine.. Arrogant montherfuckes, taking it up on the Market wanting to have it both ways..
  • #71,710
  • Apr 5, 2012 10:43am Apr 5, 2012 10:43am
Quoting needpips
On my mobile.....had at long entry at 3075 get tagged....looking for 3120....my sl is at 3045 now
hmm imho 3120 is too high.... wish u gl anyway
Hero calls followed by margin calls...
  • #71,711
  • Apr 5, 2012 10:45am Apr 5, 2012 10:45am
Call me stupid, but I have a big buy @ 1.3050 before I fell asleep
I think I need to hold it coz the huge fall from 1.3340 needs to unload somewhere,
There is no way around it.
it HAS to go up now, in 1 hour or 12 hours or 24 hours.
Or next week!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #71,712
  • Apr 5, 2012 10:50am Apr 5, 2012 10:50am
Quoting KillerWhale
Call me stupid, but I have a big buy @ 1.3050 before I fell asleep
I think I need to hold it coz the huge fall from 1.3340 needs to unload somewhere,
There is no way around it.
it HAS to go up now, in 1 hour or 12 hours or 24 hours.
it never has to do anything ^^


i dont see any reason not to drop to 1.3000 with no shake....
Hero calls followed by margin calls...
  • #71,713
  • Apr 5, 2012 10:50am Apr 5, 2012 10:50am
Quoting KillerWhale
Call me stupid, but I have a big buy @ 1.3050 before I fell asleep
I think I need to hold it coz the huge fall from 1.3340 needs to unload somewhere,
There is no way around it.
it HAS to go up now, in 1 hour or 12 hours or 24 hours.
It's that 3082 high that I'm watching.. If it takes it and it doesn't tank we might have a reversal going.. Stops were cleared below so I guess we'll see..

However I don't expect much after London, so we could also park here until TY.
  • #71,714
  • Apr 5, 2012 10:53am Apr 5, 2012 10:53am
Quoting PhAnTi'
it never has to do anything ^^


i dont see any reason not to drop to 1.3000 with no shake....
That's my lower limit, that's where I will trow in the hat. (Below that I mean)
Sub 1.30 opens a total new range of trading.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #71,715
  • Apr 5, 2012 11:07am Apr 5, 2012 11:07am
Quoting kill56
level 4 at the yard last post
Attached Image (click to enlarge)
Click to Enlarge Name: usdx cam.PNG Size: 23 KB
those who can, do. those who cant, talk about those who can
  • #71,716
  • Apr 5, 2012 11:15am Apr 5, 2012 11:15am
Quoting PayTheLimit
I have 2973 down there, but its only good for the week..
it has to close below 2962. or we will go up. getting close then a bounce is fine.. the bounce should be shorted at weakness. for sub 2962- 400 min.. thats below 2628... and that puts the 1.xx2 back on schedule.
those who can, do. those who cant, talk about those who can
  • #71,717
  • Apr 5, 2012 11:21am Apr 5, 2012 11:21am
Quoting gatorinla
it has to close below 2962. or we will go up. getting close then a bounce is fine.. the bounce should be shorted at weakness. for sub 2962- 400 min.. thats below 2628... and that puts the 1.xx2 back on schedule.
what do you mean with 1.xx2?
Don't be a hero. Don't have an ego. Always question yourself
  • #71,718
  • Apr 5, 2012 11:25am Apr 5, 2012 11:25am
Quoting USD-Bear
what do you mean with 1.xx2?
1.2xx 800 pips below 2962 roughly
those who can, do. those who cant, talk about those who can
  • #71,719
  • Apr 5, 2012 11:27am Apr 5, 2012 11:27am
Quoting gatorinla
1.2xx 800 pips below 2962 roughly
allright
Don't be a hero. Don't have an ego. Always question yourself
  • #71,720
  • Apr 5, 2012 11:47am Apr 5, 2012 11:47am
Quoting USD-Bear
allright
2620.. from there a bounce may happen. the bounce would not be out of the norm to go back to 3194, after 2620 area, even if it goes well below.

ideal would be a bounce at 2620 area. after this bounce that may last weeks or more. if we get below that low. then 1.2238.5 would be a target.. lots of resistance to stop that high bounce. i doubt 2962 as a R will allow it by then,, it would probably be a good place to short again
those who can, do. those who cant, talk about those who can
154 traders viewing now