The Really Useless Thread | Page 4839 | 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

  • #96,761
  • Jun 14, 2012 7:17am Jun 14, 2012 7:17am
Quoting Mr Hatch
I'm completely with you on that. Now, it's about the entry. Under usual circumstances, I'd go long now at 5553.5, but the bastards can easily wipe me out. Where should I put my stop? 2510ish? A move towards 2482 is not out of the norm either. If they move now, I'm left out... at 2482 I'll reconsider.
I hear you mate.

Well you could micromanage in H4 stop hoping for a decent breakout before Friday close (if it doesn't break no way you can manage the risk over the weekend at these levels).

Technically speaking 1.243x is protected. However this is monthly (and weekly to lesser extend) move in play so even a breach to 1.222x wont invalidate the move as long as 1.236x hold the quarterly roll and even then we can have a consolidation range on the next couple of monthly bars around these levels so ...

That's the thing if you want to "outguess" the monthly retrace with weekly charts and with the Greek news that is the only valid option right now to the top side.

Moreover, failure to crack 1.256x this weekly roll also invalidate (standby) that move up and open the break down to 1.223x.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #96,762
  • Jun 14, 2012 7:18am Jun 14, 2012 7:18am
Quoting fxjawn
thanks for the heads up... plenty of time
looking at rate now, hope you banked some, mate
Quant Hedge Fund CEO
  • #96,763
  • Jun 14, 2012 7:34am Jun 14, 2012 7:34am
looks like this thing wants 2522/23 min..if i wait for the previous leg.. i would be looking hard at 2474, 78,82. and possibly s now at 2572/74 ish.. had 2502/04 earlier.. but changed my mind
those who can, do. those who cant, talk about those who can
  • #96,764
  • Jun 14, 2012 7:34am Jun 14, 2012 7:34am
L EU .2560, risking 10
Quant Hedge Fund CEO
  • #96,765
  • Jun 14, 2012 7:36am Jun 14, 2012 7:36am
Quoting FXMastermind
L EU .2560, risking 10
took 15
Quant Hedge Fund CEO
  • #96,766
  • Jun 14, 2012 7:38am Jun 14, 2012 7:38am
s scalp 74 ..stops are in
those who can, do. those who cant, talk about those who can
  • #96,767
  • Jun 14, 2012 7:43am Jun 14, 2012 7:43am
S EU 2580, giving 10
Quant Hedge Fund CEO
  • #96,768
  • Jun 14, 2012 7:46am Jun 14, 2012 7:46am
Quoting FXMastermind
S EU 2580, giving 10
2522/23 looks decent.. i am hoping for 2474
those who can, do. those who cant, talk about those who can
  • #96,769
  • Jun 14, 2012 7:47am Jun 14, 2012 7:47am
Quoting cohiba pips
lets have a butch in two weeks time -
james, check out my art work from yesterday.
  • #96,770
  • Jun 14, 2012 7:48am Jun 14, 2012 7:48am
Quoting gatorinla
s scalp 74 ..stops are in
I hear ya mate
Quant Hedge Fund CEO
  • #96,771
  • Jun 14, 2012 7:49am Jun 14, 2012 7:49am
Quoting gatorinla
2522/23 looks decent.. i am hoping for 2474
Nice levels, I am looking @ roughly 2540 first, than 2515, than your target (I have 2475 but thatīs cause I am lazy to mark my levels properly...)
Quant Hedge Fund CEO
  • #96,772
  • Jun 14, 2012 7:50am Jun 14, 2012 7:50am
i just woke up and didnt read any post yet. so i hope i am not printing whats already said. i did want to long at 2502/04.. that's all still there. but 2474 has been the norm place lately
those who can, do. those who cant, talk about those who can
  • #96,773
  • Jun 14, 2012 7:52am Jun 14, 2012 7:52am
Quoting FXMastermind
Nice levels, I am looking @ roughly 2540 first, than 2515, than your target (I have 2475 but thatīs cause I am lazy to mark my levels properly...)
got a little ihs trying form and spoil things 15 m. i make more going against them trying.
those who can, do. those who cant, talk about those who can
  • #96,774
  • Jun 14, 2012 7:57am Jun 14, 2012 7:57am
...missed my SL by 0.4 pips. How lucky is that?
Quant Hedge Fund CEO
  • #96,775
  • Jun 14, 2012 7:58am Jun 14, 2012 7:58am
Quoting FXMastermind
...missed my SL by 0.4 pips. How lucky is that?
I once knew a trader who claimed that was uber-pro.
  • #96,776
  • Jun 14, 2012 8:01am Jun 14, 2012 8:01am
Quoting gatorinla
got a little ihs trying form and spoil things 15 m. i make more going against them trying.
Itīs all about how many people is stupid enough to be suck into this QE hopes game, although to anyone with eyes and basic economic education must be obvious that this kind of data simply canīt result into further QE, itīs just bad data which will eventually result in bad impact...
Quant Hedge Fund CEO
  • #96,777
  • Jun 14, 2012 8:02am Jun 14, 2012 8:02am
Quoting Mr Hatch
I once knew a trader who claimed that was uber-pro.
is it? I incline more to the theory of me being uberlucky
Quant Hedge Fund CEO
  • #96,778
  • Jun 14, 2012 8:02am Jun 14, 2012 8:02am
2585 is one tough badass level to breach...
Quant Hedge Fund CEO
  • #96,779
  • Jun 14, 2012 8:07am Jun 14, 2012 8:07am
Quoting FXMastermind
Itīs all about how many people is stupid enough to be suck into this QE hopes game, although to anyone with eyes and basic economic education must be obvious that this kind of data simply canīt result into further QE, itīs just bad data which will eventually result in bad impact...
im just looking at a 15m atm.. its close to current sentiment.. but it can change on a dime.. so i have a s/l
those who can, do. those who cant, talk about those who can
  • #96,780
  • Jun 14, 2012 8:15am Jun 14, 2012 8:15am
Quoting FXMastermind
2585 is one tough badass level to breach...
it should be.. 82 was a target. they become a soft s/r. the retrace is usually 2474. (void after -2442) then higher to 2616.5 or 2816.5... atm this means crap because of Greek crap. but i wound not let one get away in a bad, trade short or long.. this thing is setting up for a pump.. maybe dump after.. but a pump atm..
those who can, do. those who cant, talk about those who can
34 traders viewing now