The Really Useless Thread | Page 3832 | 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

  • #76,621
  • Apr 16, 2012 6:06pm Apr 16, 2012 6:06pm
Quoting Rolland
All these are daily levels:

CAD/CHF: in weak demand
EUR/CAD: in weak supply
NZD/CHF: in very weak demand

EUR/USD: at some reasonable daily supply. She's reacted strongly to 1.3, and looking at that move and the prior support found here I'll be there are plenty of sell stops below there.

I'd say EU shorts look the best here, but only if M30 gives some good M30 drop-base-drop supply levels.
Projecting 3297 min (Daily), she missed a retest of demand turned supply. A big sell off generally means a big retrace. Let's see. That zone I am looking up top at is... a little funky at best. But, weekly triangle we just rejected the bottom side, so now the next step is rejection to the top side. This puts it about 3300 or so? Anyone else smell confluence?!? Daily 3297, weekly 3300? Eh?!? eh?!?

However, should we get up that high, I am also expecting heavy, heavy rejection pins on daily/weekly. I know it's bad form to predict a triangle direction before it happens, but eh screw it. The current high oil prices tends to make me think at least in the short term, we are looking at $ strength more than anything, at least for the next few months.

Either that, or maybe these boys will break the back of America and our 'high gas prices'.

Edit: No bets in yet, but i'm ready.
  • #76,622
  • Apr 16, 2012 6:07pm Apr 16, 2012 6:07pm
Quoting fxjawn
nothing wrong with gettin another trader to front your trading account bro...

many many many traders do it..

shit many successful trader it the pits do it often..
That just sounds all kinds of dangerous.

Then again, I absolutely hate debt. Paid off my last car loan in 50% of the maturity date. Bastards get enough money through BS, I aim to take as much or at least, not give them any as much as possible.
  • #76,623
  • Apr 16, 2012 6:13pm Apr 16, 2012 6:13pm
Quoting Venice
You want to know the biggest reason for her behavior? She's afraid of what you might become. Taking her job etc, moving above etc. She can't run anyone else into the ground so she does it to you to make herself look better.

That shit is a terrible. The best managers I have worked for (and currently do) recognize your current skill levels, will try and elevate your strengths and always have your back, provided you are in the right.

It's amazing how a job seems to awesome until you get on the inside, and people are the ones that feck it up. Especially...
Thanks man you're right.

Gotta stay on my A game, roll with the punches, and beat this cunt before she gets me sacked.
  • #76,624
  • Apr 16, 2012 6:15pm Apr 16, 2012 6:15pm
Quoting kenfen69
Sounds doable to me. 1.30...big line in the sand, as has been witnessed, and discussed by a few. If it goes, 2962's bell will be rung pretty quick, me thinks.
your more confident then me. its a bad azz level.. and anywhere near.. it will be a bad azz resistance under it.
those who can, do. those who cant, talk about those who can
  • #76,625
  • Apr 16, 2012 6:15pm Apr 16, 2012 6:15pm
Quoting Piters
which why you should be more inspired and motivated.. that's how system works.... If you are better, then you should prove and take the stand and claim your position..
Gotta play the game till I can dip out (hopefully sooner rather than later) on my own terms. I still give her the utmost respect and courtesy while she smirks and shits on my chest
  • #76,626
  • Apr 16, 2012 6:15pm Apr 16, 2012 6:15pm
Quoting Rolland
Thanks man you're right.

Gotta stay on my A game, roll with the punches, and beat this cunt before she gets me sacked.
Yep. Although if it does come to a certain point, don't be afraid to walk, but do it proper. Two weeks and all that jazz.
  • #76,627
  • Apr 16, 2012 6:18pm Apr 16, 2012 6:18pm
H4 AUD/CHF might show us a nice M5 rally-base-rally demand, or she will run the stops below
Attached Image (click to enlarge)
Click to Enlarge Name: a16a.jpg Size: 82 KB
  • #76,628
  • Apr 16, 2012 6:18pm Apr 16, 2012 6:18pm
Probably a down candle day... maybe to 3103 ?
  • #76,629
  • Apr 16, 2012 6:22pm Apr 16, 2012 6:22pm
GBP/USD

I'd love to see her rally a good 40 pips in the next hour then show a nice M5 DBD supply
Attached Image (click to enlarge)
Click to Enlarge Name: a16b.jpg Size: 81 KB
  • #76,630
  • Apr 16, 2012 6:25pm Apr 16, 2012 6:25pm
USD/CHF H4, same as cable except in reverse

The two best nearby H4 zones I've seen yet.

This one, though, is coming off of some reasonable daily supply
Attached Image (click to enlarge)
Click to Enlarge Name: a16c.jpg Size: 78 KB
  • #76,631
  • Apr 16, 2012 6:31pm Apr 16, 2012 6:31pm
3 advancing soldiers on the 4 h and the bears come out. on a closed day with a rejection wick on a piercing day candle .. don't expect much, and disappointment will not be lonely.
those who can, do. those who cant, talk about those who can
  • #76,632
  • Apr 16, 2012 6:36pm Apr 16, 2012 6:36pm
Quoting Venice
Projecting 3297 min (Daily), she missed a retest of demand turned supply. A big sell off generally means a big retrace. Let's see. That zone I am looking up top at is... a little funky at best. But, weekly triangle we just rejected the bottom side, so now the next step is rejection to the top side. This puts it about 3300 or so? Anyone else smell confluence?!? Daily 3297, weekly 3300? Eh?!? eh?!?

However, should we get up that high, I am also expecting heavy, heavy rejection pins on daily/weekly. I know it's bad form to predict a triangle direction...
Brent oil should drop.. along with gas.
those who can, do. those who cant, talk about those who can
  • #76,633
  • Apr 16, 2012 6:52pm Apr 16, 2012 6:52pm
email back from twee:

FxJawn,

No you may not change your screen name to FxWhorepants. Sorry man its just plain stupid. Not to mention sassy...

all the best,

Twee


fak... o well
  • #76,634
  • Apr 16, 2012 6:56pm Apr 16, 2012 6:56pm
Quoting Rolland
GBP/USD

I'd love to see her rally a good 40 pips in the next hour then show a nice M5 DBD supply
how do u draw on the oanda charts man?
  • #76,635
  • Apr 16, 2012 7:04pm Apr 16, 2012 7:04pm
Ahhh...nursing a stupid short here....3150 my SL....if it dont go higher... then it could go lower
  • #76,636
  • Apr 16, 2012 7:05pm Apr 16, 2012 7:05pm
Quoting gatorinla
...don't expect much, and disappointment will not be lonely.
Great line!
  • #76,637
  • Apr 16, 2012 7:06pm Apr 16, 2012 7:06pm
Quoting fxjawn
how do u draw on the oanda charts man?
Just paint. I often have to edit my pictures after I upload them to show the zone I'm looking at.

Hate having things on my charts, just distracts me. I'm only looking at the nearest zones on select TFs
  • #76,638
  • Apr 16, 2012 7:06pm Apr 16, 2012 7:06pm
back from walkin myself... no treats to be had... im a fatty
  • #76,639
  • Apr 16, 2012 7:07pm Apr 16, 2012 7:07pm
Quoting Rolland
Just paint. I often have to edit my pictures after I upload them to show the zone I'm looking at.

Hate having things on my charts, just distracts me. I'm only looking at the nearest zones on select TFs
do you use limits in those areas? i dont ever notice any pendings on your charts
  • #76,640
  • Apr 16, 2012 7:10pm Apr 16, 2012 7:10pm
Quoting gatorinla
your more confident then me. its a bad azz level.. and anywhere near.. it will be a bad azz resistance under it.
Agreed! 2960 could be a nice wick on a H4 candle to leave shorts wondering what happened!

Seems such a pivotal level right now, that it will be "predetermined" if we are going down there or not. Exactly who the bastards that are that will be deciding...not too sure...but if it goes, I think it will be obvious when its no longer just a breach, like yesterday.
11 traders viewing now