The Really Useless Thread | Page 4880 | 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

  • #97,581
  • Jun 20, 2012 9:33pm Jun 20, 2012 9:33pm
Quoting gatorinla
looking to long 2560 and short 2766/67
this one will probably take a day or a few to happen. its not a high % trade yet. but for the bulls to go higher they will need 2767+. i would like them to try and at least get a little closer then the current high. 2745/56 may be enough. either way 2556 has a power that will increase if we do make a hh. if we don't make a hh then 2556 is less important. if we do, a bounce at or near it should be bought. as long as we don't breach it by more then a few. then bulls can attempt 2932. and all the other like 2816 (2832/36 R) and another i forgot then 2962/64. it may never get to 2556 but if it does. the r/r has great potential with a small risk. i will look for weakness below 2639. 2622/24 may be all she gives. at 2560 i will have a small window for a s/l. but the reward potential should be 2767. about 200 pips. but if 2766/67 gives up the booty. then those other targets are wide open for 400+ pips. so far this current move from the high is better then 100 pips.. it stopped at the LM for 2556... at that is the low atm.. 2751 is popping up as a R.. as the bulls attempt these hh i will still be looking to s 2766/67, until proven wrong. __________________
those who can, do. those who cant, talk about those who can
  • #97,582
  • Jun 20, 2012 9:34pm Jun 20, 2012 9:34pm
Quoting gatorinla
looking to long 2560 and short 2766/67
sounds good bro...i like that lower number... we will see i guess
  • #97,583
  • Jun 20, 2012 9:41pm Jun 20, 2012 9:41pm
Quoting Mr Hatch
At least one around that is not posting bottoms

H1 chart. At LO today, I waited for an entry at 2660.8 to put in a long scalp, which I didn't get, so I passed the whole day in that smallish range.
Now look, where the buyers/profit takers sat to eliminate all the sellers from the top. I was too slow to join, and to be honest, I don't know, what to make of the FED-statement in combination with the European news.
you get a cookie
those who can, do. those who cant, talk about those who can
  • #97,584
  • Jun 20, 2012 9:47pm Jun 20, 2012 9:47pm
Quoting gatorinla
how well will it stand up on the first touch.. i don't know. we could camp out below it for days/weeks/ months. i don't know.. by then i would think we would have bounced many times. since i found it.. i will be looking to short it.. and will not hold longs near it. i have no doubt that this thing can make a top. if this be the case.. those twin peaks are the top to the right of 6038.. i said plus +- to cover my ass. these things are usually pretty precise. so it don't take much pips to know if its wrong at least for a...
anyone brought a sleeping bag or a tent?
those who can, do. those who cant, talk about those who can
  • #97,585
  • Jun 20, 2012 9:51pm Jun 20, 2012 9:51pm
Quoting gatorinla
anyone brought a sleeping bag or a tent?
i brought food to cook on the fire bro...
  • #97,586
  • Jun 20, 2012 9:55pm Jun 20, 2012 9:55pm
Quoting fxjawn
sounds good bro...i like that lower number... we will see i guess
st all still point north.. im just looking at a huge um at 2766/67 that since we went below it has never been tested. it is getting its power now. it never had it until it was completed.
those who can, do. those who cant, talk about those who can
  • #97,587
  • Jun 20, 2012 9:56pm Jun 20, 2012 9:56pm
Quoting fxjawn
i brought food to cook on the fire bro...
could be a good 200 range..
those who can, do. those who cant, talk about those who can
  • #97,588
  • Jun 20, 2012 10:21pm Jun 20, 2012 10:21pm
Quoting fxjawn
i brought food to cook on the fire bro...
whatever way it goes. i will take some profit at 40 pips(pays for my sl) and 100 pips (cause its 1/2 way)
those who can, do. those who cant, talk about those who can
  • #97,589
  • Jun 20, 2012 10:26pm Jun 20, 2012 10:26pm
Quoting gatorinla
whatever way it goes. i will take some profit at 40 pips(pays for my sl) and 100 pips (cause its 1/2 way)
same here.. still holding from 0200... think ill stay out of the euro tonight
  • #97,590
  • Jun 20, 2012 10:29pm Jun 20, 2012 10:29pm
Quoting fxjawn
i brought food to cook on the fire bro...
tl says i got till 12 est.
Attached Image (click to enlarge)
Click to Enlarge Name: yen.PNG Size: 25 KB
those who can, do. those who cant, talk about those who can
  • #97,591
  • Jun 20, 2012 10:34pm Jun 20, 2012 10:34pm
Quoting fxjawn
same here.. still holding from 0200... think ill stay out of the euro tonight
yeah it was toppy there after target hit.. they work most if the time. and you can usually count on a retrace. an exception to the rule was apple.. i expected a retrace somewhere after 490. i closed a long at 493.. and the bitch never retraced much after. i think to 485 and that was it.. i am still waiting.
those who can, do. those who cant, talk about those who can
  • #97,592
  • Jun 20, 2012 10:38pm Jun 20, 2012 10:38pm
Quoting fxjawn
same here.. still holding from 0200... think ill stay out of the euro tonight
.99137 is a norm
those who can, do. those who cant, talk about those who can
  • #97,593
  • Jun 20, 2012 10:46pm Jun 20, 2012 10:46pm
Quoting gatorinla
.99137 is a norm
yea thats what i was thinking... lets get through this retrace here to 0167 maybe... ill see
  • #97,594
  • Jun 20, 2012 11:37pm Jun 20, 2012 11:37pm
Quoting fxjawn
yea thats what i was thinking... lets get through this retrace here to 0167 maybe... ill see
not married to this. i do have everything in the st pointing to 2816 2962 bla bla ... but i also have bigger tf as in 4 years pointing another way, with a um in the way of the smaller tf's it deserves a bounce at the least. and its mid is at 2330.. the yellow is the same. i added the blue just to show pa at the mofu between 2767 and 2330
Attached Image(s) (click to enlarge)
Click to Enlarge Name: yen.PNG Size: 26 KB
Click to Enlarge Name: usdx cam.PNG Size: 27 KB
those who can, do. those who cant, talk about those who can
  • #97,595
  • Jun 20, 2012 11:38pm Jun 20, 2012 11:38pm
Quoting gatorinla
not married to this. i do have everything in the st pointing to 2816 2962 bla bla ... but i also have bigger tf as in 4 years pointing another way, with a um in the way of the smaller tf's it deserves a bounce at the least. and its mid is at 2330.. the yellow is the same. i added the blue just to show pa at the mofu between 2767 and 2330
thanks bro
  • #97,596
  • Jun 21, 2012 12:02am Jun 21, 2012 12:02am
Quoting fxjawn
thanks bro
we did not hit 66/67.. we really dont have too. i just figured with the smaller tf pointing to hit we would at least attempt a break. either yesterdays high or - 3556 is going to be the b/o.. but even beating the yesterdays high.. we still got 66/67.. and below it w/o a hh we built a dt reversal point.. that's already there. one will have to give.. if its the dt.. then i should get a entry. this is why a say we may be here a long time.
those who can, do. those who cant, talk about those who can
  • #97,597
  • Jun 21, 2012 12:06am Jun 21, 2012 12:06am
nap time.. my trades are there
those who can, do. those who cant, talk about those who can
  • #97,598
  • Jun 21, 2012 12:40am Jun 21, 2012 12:40am
2650 st support
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 Jun. 21 09.39.jpg Size: 56 KB
" Never let the past hold the future to ransom "
  • #97,599
  • Jun 21, 2012 12:45am Jun 21, 2012 12:45am
Quoting Gleneagles
2650 st support
good morning
  • #97,600
  • Jun 21, 2012 12:45am Jun 21, 2012 12:45am
Quoting gatorinla
nap time.. my trades are there
retrace pinned the 0170 not 0167 my bad... i suck lol
161 traders viewing now