The Really Useless Thread | Page 4858 | 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

  • #97,141
  • Jun 18, 2012 7:26am Jun 18, 2012 7:26am
the reason i closed. i do expect us to go lower or close below 2583 (for the bull bounce)... so taking the 20 pips seems free.. i will renter just above with a long.
those who can, do. those who cant, talk about those who can
  • #97,142
  • Jun 18, 2012 7:32am Jun 18, 2012 7:32am
Quoting gatorinla
the reason i closed. i do expect us to go lower or close below 2583 (for the bull bounce)... so taking the 20 pips seems free.. i will renter just above with a long.
do you think, it's a coincidence that the current high fell 1.9 pips short of 2749?
  • #97,143
  • Jun 18, 2012 7:40am Jun 18, 2012 7:40am
Quoting Mr Hatch
do you think, it's a coincidence that the current high fell 1.9 pips short of 2749?
no.. neither is the retrace below 2582/83... we are not going break R w/o a big catalyst. 2767 is one of the bigger on the chart now. st pa said 2816.5 and 2962/64.. but 2767 and 2665/66 are not bs #s.. i don't know if 2767 is flexing yet. but its a biggie.. i closed my long because both bulls and bears need 82/83... so i figure i will be able to L there again.

i don't think 2582 is a coincidence either. we never had a valid cross. so its still on the bear side.. bulls need a valid cross. R/R is great here.
those who can, do. those who cant, talk about those who can
  • #97,144
  • Jun 18, 2012 7:46am Jun 18, 2012 7:46am
Quoting gatorinla
mofus don't care about support. they like their ass wiped.
#658600 hatch
those who can, do. those who cant, talk about those who can
  • #97,145
  • Jun 18, 2012 7:47am Jun 18, 2012 7:47am
Quoting gatorinla
when the euro shits it usually wipes and flushes. when it dont.. it usually comes back to do it plus some.
hatch..
those who can, do. those who cant, talk about those who can
  • #97,146
  • Jun 18, 2012 7:48am Jun 18, 2012 7:48am
Quoting gatorinla
if it happened and the bulls were able to stop it. we would go to 2581 +-0 so not much of a s/l needed.
hatch
those who can, do. those who cant, talk about those who can
  • #97,147
  • Jun 18, 2012 7:50am Jun 18, 2012 7:50am
Quoting gatorinla
hatch..
yeah, I really hated that I was excluded from trading last night.
  • #97,148
  • Jun 18, 2012 7:54am Jun 18, 2012 7:54am
Quoting gatorinla
if 2582 happens.. then there is a chance the bull tun is over. because (-2580) 2582 is indicative of 2436.. the same place my entry was last week.. but in this case bearish.. i no reason to think this would happen. the odds are greatly against it. but i do admit i would not be surprised. since we have a broken candle mofu cross.. usually these are bs. and to cross it normally we need sub 2682. sub 2682 is usually a safe shot at 2436
hatch
those who can, do. those who cant, talk about those who can
  • #97,149
  • Jun 18, 2012 7:56am Jun 18, 2012 7:56am
Quoting gatorinla
no.. neither is the retrace below 2582/83... we are not going break R w/o a big catalyst. 2767 is one of the bigger on the chart now. st pa said 2816.5 and 2962/64.. but 2767 and 2665/66 are not bs #s.. i don't know if 2767 is flexing yet. but its a biggie.. i closed my long because both bulls and bears need 82/83... so i figure i will be able to L there again.

i don't think 2582 is a coincidence either. we never had a valid cross. so its still on the bear side.. bulls need a valid cross. R/R is great here.
good luck. nice trade mate

my stop loss is 40 pips from my entry.
looking for investors . pm me
  • #97,150
  • Jun 18, 2012 7:58am Jun 18, 2012 7:58am
Quoting Mr Hatch
yeah, I really hated that I was excluded from trading last night.
your here now.. and the pair is on the edge.. even if the bears take it.. we are beyond atr.. so we could get a bounce to short..
those who can, do. those who cant, talk about those who can
  • #97,151
  • Jun 18, 2012 8:00am Jun 18, 2012 8:00am
bears took it.. they got my 5 pips. i got 20 of theirs.
those who can, do. those who cant, talk about those who can
  • #97,152
  • Jun 18, 2012 8:12am Jun 18, 2012 8:12am
hatch bounce on s should be near 2432 (2816 one)

looking to s now 2659/78 and target 2436.. long for 2816 and 2962 is still valid but fundis in play. 2668 is the mid of the last bear leg.
those who can, do. those who cant, talk about those who can
  • #97,153
  • Jun 18, 2012 8:18am Jun 18, 2012 8:18am
Quoting gatorinla
hatch bounce on s should be near 2432 (2816 one)

looking to s now 2659/78 and target 2436.. long for 2816 and 2962 is still valid but fundis in play. 2668 is the mid of the last bear leg.
I'm fiddling with the different timeframes atm... will come back in a while. I have a suspicion, though.
  • #97,154
  • Jun 18, 2012 8:31am Jun 18, 2012 8:31am
Quoting Mr Hatch
I'm fiddling with the different timeframes atm... will come back in a while. I have a suspicion, though.
it don't look like it atm.. 2668 bounce is in the norm.. not a long recommendation. just a better place for a new short. if all else agrees.
those who can, do. those who cant, talk about those who can
  • #97,155
  • Jun 18, 2012 8:45am Jun 18, 2012 8:45am
Quoting gatorinla
it don't look like it atm.. 2668 bounce is in the norm.. not a long recommendation. just a better place for a new short. if all else agrees.
Agree again Gator with the view but is coming with force (profit taking from bulls last week) and if 1.252x give up will open clean swept to the yearly lows in my books so ...

Let see but hopefully will make the clean swept without retrace....

Taking 1st target ...H4 chart update.


sisse
Attached Image (click to enlarge)
Click to Enlarge Name: H4180612.jpg Size: 114 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #97,156
  • Jun 18, 2012 9:17am Jun 18, 2012 9:17am
Quoting Piters
ok..

I'll spare you .. GL mate..
I Hope Mr. Market will have a mercy on you too..

"The whole idea was just to point on your risky EUR long when Spanish Bonds were falling apart, Today is not an Ordinary Day.."

GL Gator.. you'll need it.. and dont worry..

this is my last reply to you, - you have no issues with me but with Mr. Market.. ..
  • #97,157
  • Jun 18, 2012 9:17am Jun 18, 2012 9:17am
Quoting sisse
Agree again Gator with the view but is coming with force (profit taking from bulls last week) and if 1.252x give up will open clean swept to the yearly lows in my books so ...

Let see but hopefully will make the clean swept without retrace....

Taking 1st target ...H4 chart update.


sisse
it don't always go to the middle of the leg. it just does more times then not (2668 +). atr plus we still have valid tech targets to 2816 and 2962.. since this is all designed to screw more of the people then not. 2767 is there. to screw both bulls and bears. a run to 2767 seems fine to screw the bears. then a pullback to resume the bear trend to screw the bulls .. either way i am prepared to have a tight leash..

lets not forget, Greece is saved
those who can, do. those who cant, talk about those who can
  • #97,158
  • Jun 18, 2012 9:25am Jun 18, 2012 9:25am
Quoting gatorinla
it don't always go to the middle of the leg. it just does more times then not (2668 +). atr plus we still have valid tech targets to 2816 and 2962.. since this is all designed to screw more of the people then not. 2767 is there. to screw both bulls and bears. a run to 2767 seems fine to screw the bears. then a pullback to resume the bear trend to screw the bulls .. either way i am prepared to have a tight leash..

lets not forget, Greece is saved
I posted the same view on the london opening post so agree.

While the newbies were talking abut the Gossip in Greece on ND, Syriza, bla bla, the real trigger was happening in the bond markets...all warnings and easy TA setup for taking it today. "Amazingly" Spanish 10yrs inches away from "Irish"...who would have thought

However as you said we are still far for a real momentum move down (but I trust the FED for that ) ... We'll see but H4 is going to hold the last mini break in daily but roll play in play today to for both sides...so plenty of time.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #97,159
  • Jun 18, 2012 9:34am Jun 18, 2012 9:34am
Quoting Piters
I cleared my longs yesterday @1620

today Im only looking south
last week.. 14 june..

mentioned few times..

I love you bro.. dont be mad on me.. we are not going to fish together..

cheers//
  • #97,160
  • Jun 18, 2012 9:46am Jun 18, 2012 9:46am
Quoting Piters
I BRAGGED ??? I posted teh whole Setup.. Just for you bro.. but to remind you because you are having a short memory here are some charts.. :

here are 11 JUne.. 3 different brokers.. :
Come on guys stop the dick swinging contest you are both top quality posters & traders that make this thread the best trade/quality ratio in FF by far so ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
134 traders viewing now