The Really Useless Thread | Page 3816 | 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

  • #76,301
  • Apr 16, 2012 10:45am Apr 16, 2012 10:45am
5571.5 is the st mid on the gbp.. dont be fooled
those who can, do. those who cant, talk about those who can
  • #76,302
  • Apr 16, 2012 10:53am Apr 16, 2012 10:53am
5889 st target for gbp.. 5871.5 the mid of the b/o or 3/4 or the move.. or 5853.1 the mid of the entire move. targets are all min in this post

6053 with its mid at 5992 of the b/o or 3/4 the entire move indicated. with the mid of the entire move at 5930.5
those who can, do. those who cant, talk about those who can
  • #76,303
  • Apr 16, 2012 10:54am Apr 16, 2012 10:54am
wanna see 54 hold for more upside after ny lunch...
  • #76,304
  • Apr 16, 2012 10:54am Apr 16, 2012 10:54am
Quoting gatorinla
5571.5 is the st mid on the gbp.. dont be fooled
Still holding on Daily..
Attached Image (click to enlarge)
Click to Enlarge Name: gu daily.gif Size: 56 KB
  • #76,305
  • Apr 16, 2012 11:04am Apr 16, 2012 11:04am
no firm target on the eu yet... consolidation now where it currently is.. will point to 3175... 3175 is also the mid of last years candle body.. but nothing is built yet.. i expect it to break higher.. using the gbp as a canary.. atm the gbp is at the 1/4 of the entire bigger move indicated (6053).. that 1/4 is acting as r atm.. that 1/4 is just below (5871.5 smaller target mid) at 5869.1

the eu and the gbp can go back lower.. and this gbp data will still be good until 5804 is broken decisive. at mids like we currently are at.. a bounce south is normal.. but 6053 is a tech indicated move.. looking to short personally soon after.
those who can, do. those who cant, talk about those who can
  • #76,306
  • Apr 16, 2012 11:06am Apr 16, 2012 11:06am
Quoting gatorinla
no firm target on the eu yet... consolidation now where it currently is.. will point to 3175... 3175 is also the mid of last years candle body.. but nothing is built yet.. i expect it to break higher.. using the gbp as a canary.. arm the gbp is at the 1/4 of the entire bigger move indicated (6053).. that 1/4 is acting as r atm.. that 1/4 is just below (5871.5 smaller target mid) at 5869.1
getting out 45pips. round 2 tonight.
  • #76,307
  • Apr 16, 2012 11:10am Apr 16, 2012 11:10am
nice pin , I would short it , but for the year mid right there
Attached Image (click to enlarge)
Click to Enlarge Name: EUH1.jpg Size: 85 KB
  • #76,308
  • Apr 16, 2012 11:13am Apr 16, 2012 11:13am
Trading's over. Nap time. I have 2 shorts and 1 long just to make sure..
  • #76,309
  • Apr 16, 2012 11:14am Apr 16, 2012 11:14am
Back to square one in the euro in a decent intraday pullback. 1.311x only level to track and decision area for continuation. 4th major test this year of key 1.298x. Lots of major stops below and all Tfs aligned. To the other side just a intraday pullback so far.

Here, nothing to do in the euro and no changes in outlook ...so just waiting for more data with healthy tradable intraday ranges across te board...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #76,310
  • Apr 16, 2012 11:17am Apr 16, 2012 11:17am
Quoting gatorinla
no firm target on the eu yet... consolidation now where it currently is.. will point to 3175... 3175 is also the mid of last years candle body.. but nothing is built yet.. i expect it to break higher.. using the gbp as a canary.. atm the gbp is at the 1/4 of the entire bigger move indicated (6053).. that 1/4 is acting as r atm.. that 1/4 is just below (5871.5 smaller target mid) at 5869.1

the eu and the gbp can go back lower.. and this gbp data will still be good until 5804 is broken decisive. at mids like we currently are at.....
i always try to wait for th mid of the previous leg... on the gbp that would have been 5869... i waited... on the euro that spot is 3197, just above 3175...eu has not provided a target yet... if the gbp does whats indicated.. then we should reach near 3200..its a crap shoot at this point to be precise. .
those who can, do. those who cant, talk about those who can
  • #76,311
  • Apr 16, 2012 11:20am Apr 16, 2012 11:20am
Quoting attila
Trading's over. Nap time. I have 2 shorts and 1 long just to make sure..
Got a new look per our convo.. and the same basket it appears..ttyl!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr m profile.gif Size: 44 KB
  • #76,312
  • Apr 16, 2012 11:22am Apr 16, 2012 11:22am
Quoting gatorinla
i always try to wait for th mid of the previous leg... on the gbp that would have been 5869... i waited... on the euro that spot is 3197, just above 3175...eu has not provided a target yet... if the gbp does whats indicated.. then we should reach near 3200..its a crap shoot at this point to be precise. .
3177 unless something changes.. min.. i will look to short.
those who can, do. those who cant, talk about those who can
  • #76,313
  • Apr 16, 2012 11:24am Apr 16, 2012 11:24am
Quoting chazzle
nice pin , I would short it , but for the year mid right there
Hey Chaz, enjoyed the vid you posted on Saturday, short sweet and to the point! TY.
  • #76,314
  • Apr 16, 2012 11:29am Apr 16, 2012 11:29am
LOL
nope, buddy, still holding. might go up some more. no prob. i have time

Quoting attila
I hope iwannahaveanewfoot took some off the table.. otherwise it might suck really badly..
dreams do come true.
  • #76,315
  • Apr 16, 2012 11:29am Apr 16, 2012 11:29am
Quoting Chillypiper
Got a new look per our convo.. and the same basket it appears..ttyl!
Sorry to ask, but you bought VAL L today and why hold at friday POC (which was val low too) in a break?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #76,316
  • Apr 16, 2012 11:37am Apr 16, 2012 11:37am
Quoting gatorinla
apple anyone?
490 in the future? possible bounce soon
apple 600+ atm.. still looking to buy at 456 area.
those who can, do. those who cant, talk about those who can
  • #76,317
  • Apr 16, 2012 11:37am Apr 16, 2012 11:37am
Quoting sisse
Sorry to ask, but you bought VAL L today and why hold at friday POC (which was val low too) in a break?

sisse
My friday poc is at 3167, the check mark..

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 158 KB
  • #76,318
  • Apr 16, 2012 11:38am Apr 16, 2012 11:38am
Quoting sisse
Sorry to ask, but you bought VAL L today and why hold at friday POC (which was val low too) in a break?

sisse
Interesting point.. I bought on PA 3hrs after open on a 15m engulfing ( close 2/3 ) on the long .. Didn't have the Market Profile pulled up...

Shorts are held from 4hr/ Daily and Weekly Bull flag scenario mostly...

I'm no expert at MP, just tiring to find a better way to determine the session range and range play over all.....
  • #76,319
  • Apr 16, 2012 11:40am Apr 16, 2012 11:40am
Quoting Chillypiper
Hey Chaz, enjoyed the vid you posted on Saturday, short sweet and to the point! TY.
Linda Raschke -- , I first saw her in the "Floored" movie , which someone posted on FF ( maybe even this thread ) that vid is one of 7 -- the youtube poster called it "Technical Indicators" or something like that , but she mostly talks about the psych , MM aspect of trading. her stuff is very clear and to the point -- and she walks the walk , being up there near the top in the Barclayhedge ratings for years
  • #76,320
  • Apr 16, 2012 11:41am Apr 16, 2012 11:41am
hurry up bitch

Inserted Video
those who can, do. those who cant, talk about those who can
33 traders viewing now