The Really Useless Thread | Page 4931 | 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

  • #98,601
  • Jun 28, 2012 6:08am Jun 28, 2012 6:08am
Quoting gatorinla
woke up to a s/o on my 2432 entry.. (2435) -5
this LL voids 2816.5 but not 2992/94
-2282 should void it.
did not get to short at 2573 pending.. 2570 is void with this LL
between 2766/67 and 2628.5 as the yellow in the chart shows.
the blue is micro between the yellow levels. 3547 is the mid between yellow. 2425 is a 1/4 mark. or 1/2 way between the mid at 2547 and 2328.5.. the last h closed below 2425
it took me a while to type the above with one finger.. since we have closed above 2425 7 m ago .. its less then 1 pip.. its still under 2432.. so it may not mean much. month bears want a sub close under the open. sub 2328.5 would be better for bears. my 4h close is above 2425 but still under 2432.
those who can, do. those who cant, talk about those who can
  • #98,602
  • Jun 28, 2012 6:17am Jun 28, 2012 6:17am
Well, I slept through all the excitement... oh well. Wish I hadn't been stopped out of my shorts, but that's the way the game goes sometimes.
check out my blog: forexmademillionaire dot com
  • #98,603
  • Jun 28, 2012 6:40am Jun 28, 2012 6:40am
Quoting USD-Bear
lol yes, think it's the 19th meeting, not that hopeful too, but culmination is a lot nearer than after the first, there is an end to everything.
Anyhow, it's relatives and I can't say the US is achieving something on their debt problems

i agree with you.... we're all gonna die someday
I don't want a job, i want money!
  • #98,604
  • Jun 28, 2012 7:02am Jun 28, 2012 7:02am
If they don't get the hint the EU politicians after that spike .... Germany denied the romour that they are going for eurobonds faster than expected ....and back to square one.... tweet day(s) are a mess ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #98,605
  • Jun 28, 2012 7:45am Jun 28, 2012 7:45am
Quoting sisse
If they don't get the hint the EU politicians after that spike .... Germany denied the romour that they are going for eurobonds faster than expected ....and back to square one.... tweet day(s) are a mess ...

sisse
sisse...here is someone i definitely like to read...excellent on the bond mkt too imo

anyone know what time the firecracker gets lit?

http://www.tfmarketadvisors.com/
  • #98,606
  • Jun 28, 2012 7:59am Jun 28, 2012 7:59am
kill

#26631
  • #98,607
  • Jun 28, 2012 8:08am Jun 28, 2012 8:08am
kill

what do you think?

Inserted Video
  • #98,608
  • Jun 28, 2012 8:18am Jun 28, 2012 8:18am
Someone must be gabbin... gettin some crazy spikes.
check out my blog: forexmademillionaire dot com
  • #98,609
  • Jun 28, 2012 8:47am Jun 28, 2012 8:47am
#29132

it was posted on chonchy's, but anyone want to take a shot at this?

Coleman is calling it a possible/probable game changer...at least that is implied by the tone...

sisse,

what is your take with this?

http://www.forexlive.com/blog/2012/0...pboc-official/

Coleman had another piece on it the other day too..........with the slowdown China having a shortage of USD

http://ftalphaville.ft.com/blog/2012...datedcontent=1

it was copied on that discussion from yesterday

i am wondering about it in the context of Yen also
  • #98,610
  • Jun 28, 2012 9:09am Jun 28, 2012 9:09am
Quoting roro53
#29132

it was posted on chonchy's, but anyone want to take a shot at this?

Coleman is calling it a possible/probable game changer...at least that is implied by the tone...

sisse,

what is your take with this?

http://www.forexlive.com/blog/2012/0...pboc-official/

Coleman had another piece on it the other day too..........with...
On FL: " If China liquidates some of its massive reserve stash, it will be against all the currencies in its basket, not just the dollar. They would sell AUD, CAD, GBP, etc"

Why should they liquidate? and more importantly against what? shifting and sitting/holding renminbi ...why and what for?

ON FT. As I mentioned yesterday, not much fuss IMO, just balancing external accounts (external shock via contraction in Europe and to lesser extend the US) to keep renminbi in the same levels of competitiveness...I don't see anything dramatic or cataclysmic [yet and in the short term] on that just a normal macro monetary policy no more no less.

In any case in the euro H4 held breakout but is trading in key levels inside of major support. Without a fast break down, bears have the minutes counted .... and breaking Supreme court kills healthcare bill ...oh la la poor obama...check stocks (insurers) reacting on that news...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #98,611
  • Jun 28, 2012 9:18am Jun 28, 2012 9:18am
Quoting sisse

In any case in the euro H4 held breakout but is trading in key levels inside of major support. Without a fast break down, bears have the minutes counted .... and breaking Supreme court kills healthcare bill ...oh la la poor obama...check stocks (insurers) reacting on that news...

sisse
I don't have the FA chops to be able to analyze this with you, Sisse. But, I this last bit made me chuckle

Debating some longs at these levels... sure is acting like it's trying to put a bottom in.
check out my blog: forexmademillionaire dot com
  • #98,612
  • Jun 28, 2012 9:21am Jun 28, 2012 9:21am
Quoting Geppy
Someone must be gabbin... gettin some crazy spikes.
flag building? since we moved atr already.
Attached Image
those who can, do. those who cant, talk about those who can
  • #98,613
  • Jun 28, 2012 9:25am Jun 28, 2012 9:25am
health insurance upheld
those who can, do. those who cant, talk about those who can
  • #98,614
  • Jun 28, 2012 9:26am Jun 28, 2012 9:26am
Quoting Geppy
I don't have the FA chops to be able to analyze this with you, Sisse. But, I this last bit made me chuckle

Debating some longs at these levels... sure is acting like it's trying to put a bottom in.
Yeap agree but intraday long stops on the lows are too obvious and look like a sitting duck. Whoever (and if) is going to make the bottom is not the average joe in FF so a few dozen of ticks below just to clean all hands before looks just natural ....

We'll see but as long as H4 holds I am in...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #98,615
  • Jun 28, 2012 9:28am Jun 28, 2012 9:28am
Quoting gatorinla
flag building? since we moved atr already.
Could be, although it's a heck of an ugly flag...
check out my blog: forexmademillionaire dot com
  • #98,616
  • Jun 28, 2012 9:29am Jun 28, 2012 9:29am
Quoting sisse
Yeap agree but intraday long stops on the lows are too obvious and look like a sitting duck. Whoever (and if) is going to make the bottom is not the average joe in FF so a few dozen of ticks below just to clean all hands before looks just natural ....

We'll see but as long as H4 holds I am in...

sisse
Very true, and with the whipsawing PA we're seeing, it definitely wouldn't surprise me.
check out my blog: forexmademillionaire dot com
  • #98,617
  • Jun 28, 2012 9:34am Jun 28, 2012 9:34am
Quoting Geppy
Could be, although it's a heck of an ugly flag...
no style points in trading. we broke 2432 for a reason
those who can, do. those who cant, talk about those who can
  • #98,618
  • Jun 28, 2012 9:39am Jun 28, 2012 9:39am
Quoting gatorinla
no style points in trading. we broke 2432 for a reason
WHAT?!?!? And I was sure my broker's statement was bullshitting me!
check out my blog: forexmademillionaire dot com
  • #98,619
  • Jun 28, 2012 9:40am Jun 28, 2012 9:40am
I'm actually starting to dig the fact that USD/JPY is holding the mark so far on the 4H/Daily trendline support. Could be a good buy... gotta give it some time though.
check out my blog: forexmademillionaire dot com
  • #98,620
  • Jun 28, 2012 9:41am Jun 28, 2012 9:41am
breaking 2432 had the smaller chart bears a high probability of tagging 2371.
2328.5 on the chart as a mid.. it is.. a very large one.

breaking 2432 also has put 3127 on my charts. will we bounce first? we usually do after a b/o of this type. but we never have to bounce, we just do often. but in this case close to the end of the month.. bears may want to get and hold below 2361 to close the month..
those who can, do. those who cant, talk about those who can
73 traders viewing now