The Really Useless Thread | Page 4970 | 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

  • #99,381
  • Jul 1, 2012 12:57am Jul 1, 2012 12:57am
Quoting fxjawn
my finger has an extra middle finger just for PTL


Your finger has an extra finger? What about your hand?

Joo got some crazy digits, mang!
  • #99,382
  • Jul 1, 2012 12:59am Jul 1, 2012 12:59am
Quoting kenfen69
Mid and then 100% levels of it?
150%, its not an exact science, but many times, a large bar, which might denote a change in sentiment, or some FA, resinates forward, until you get another..
Look Sharp/Trade Tight
  • #99,383
  • Jul 1, 2012 1:02am Jul 1, 2012 1:02am
Quoting PayTheLimit
150%, its not an exact science, but many times, a large bar, which might denote a change in sentiment, or some FA, resinates forward, until you get another..
I like it.

2706 is the previous leg's Daily swing high close. 2877 is 150% of the whole move (swing low/high close).
  • #99,384
  • Jul 1, 2012 1:05am Jul 1, 2012 1:05am
Quoting kenfen69
I like it.

2706 is the previous leg's Daily swing high close. 2877 is 150% of the whole move (swing low/high close).
are you using it for a swing high close/swing low close set?

edit, noted
Look Sharp/Trade Tight
  • #99,385
  • Jul 1, 2012 1:09am Jul 1, 2012 1:09am
Quoting PayTheLimit
are you using it for a swing high close/swing low close set?
Yes...unless I fakked it up?
  • #99,386
  • Jul 1, 2012 1:12am Jul 1, 2012 1:12am
Quoting kenfen69
Yes...unless I fakked it up?
no, I didnt see the last part of the post..
Look Sharp/Trade Tight
  • #99,387
  • Jul 1, 2012 1:13am Jul 1, 2012 1:13am
Quoting kenfen69
Yes...unless I fakked it up?
Did it more of a candle body Low/High. Low Open to High Close.

Close to Close puts 150% at 2843.
  • #99,388
  • Jul 1, 2012 1:14am Jul 1, 2012 1:14am
Quoting PayTheLimit
no, I didnt see the last part of the post..
Did mess it up, though. Clarified above.
  • #99,389
  • Jul 1, 2012 1:15am Jul 1, 2012 1:15am
close to high/low/whichever is furthest set...
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 16 KB
Look Sharp/Trade Tight
  • #99,390
  • Jul 1, 2012 1:16am Jul 1, 2012 1:16am
Quoting kenfen69
Did mess it up, though. Clarified above.
gotcha...
Look Sharp/Trade Tight
  • #99,391
  • Jul 1, 2012 1:19am Jul 1, 2012 1:19am
Quoting PayTheLimit
close to high/low/whichever is furthest set...
Really digging those.

Need to write that bloody script, too...for the hit rates.
  • #99,392
  • Jul 1, 2012 1:26am Jul 1, 2012 1:26am
Quoting kenfen69
Really digging those.

Need to write that bloody script, too...for the hit rates.
Yea, me too. I have been using them more and more. I'm not quite sure about the reasoning behind them. But when I was on the floor, the most important price of the day, was the close. Maybe perhaps because your equity was marked to the close. Another thing is this. By using the close to high or low, whichever is furthest, I get the feeling that you measure the true accomplishment of the bulls or bears that day, especially on the days with a decent amount of wick.
Look Sharp/Trade Tight
  • #99,393
  • Jul 1, 2012 1:32am Jul 1, 2012 1:32am
Quoting PayTheLimit
Yea, me too. I have been using them more and more. I'm not quite sure about the reasoning behind them. But when I was on the floor, the most important price of the day, was the close. Maybe perhaps because your equity was marked to the close. Another thing is this. By using the close to high or low, whichever is furthest, I get the feeling that you measure the true accomplishment of the bulls or bears that day.
Yeah...I like the reasoning behind it. It certainly seems to be a useful metric.

Have you tried them off London closes, too? I've been dropping a line on the London close everyday recently, and by gawd, do those levels get played over and over again. Maybe I'll start tracking that alongside yours to see how it works out.
  • #99,394
  • Jul 1, 2012 1:41am Jul 1, 2012 1:41am
Quoting kenfen69
Yeah...I like the reasoning behind it. It certainly seems to be a useful metric.

Have you tried them off London closes, too? I've been dropping a line on the London close everyday recently, and by gawd, do those levels get played over and over again. Maybe I'll start tracking that alongside yours to see how it works out.
I've tried a few combinations, London open/NY close, midnight London/previous mignight London, midnight NY/previous midnight NY and a few others I dont recall..dont know if I got to London close to close...the truth is, that with the infinate number of levels one can come up with, sooner or later, one set will out perform the other for a while, my aim has been to settle on a few sets, and just live with the hit rate and be done with it, ofc, I've been at it for a few years now, but I feel I'm getting close to running out of ideas that interest me..
Look Sharp/Trade Tight
  • #99,395
  • Jul 1, 2012 1:45am Jul 1, 2012 1:45am
perhaps a London close set and a NY close set, combo..
Look Sharp/Trade Tight
  • #99,396
  • Jul 1, 2012 1:52am Jul 1, 2012 1:52am
btw, I've been charting/trading them on the GBP/AUD/JPY also..with decent hits on alll of them
Look Sharp/Trade Tight
  • #99,397
  • Jul 1, 2012 1:59am Jul 1, 2012 1:59am
Quoting PayTheLimit
btw, I've been charting/trading them on the GBP/AUD/JPY also..with decent hits on alll of them
Good news!
  • #99,398
  • Jul 1, 2012 2:02am Jul 1, 2012 2:02am
Quoting kenfen69
Good news!
btw, if your gonna run a London set, be sure to run a two days back set..my findings show that the numbers from two days ago are also of some value..
Look Sharp/Trade Tight
  • #99,399
  • Jul 1, 2012 2:04am Jul 1, 2012 2:04am
Quoting PayTheLimit
perhaps a London close set and a NY close set, combo..
Yeah...I would just be curious to see how the London set performs, too. Just really been tracking the roll of the three major sessions lately, and London's seems to get the most respect...over coming days, too. Curious to see how extensions off of it perform.

I'm going to try and knock out a script tomorrow for this. Will be able to set whatever close we want to have it do the calcs from.
  • #99,400
  • Jul 1, 2012 2:07am Jul 1, 2012 2:07am
Quoting PayTheLimit
btw, if your gonna run a London set, be sure to run a two days back set..my findings show that the numbers from two days ago are also of some value..
Again...have certainly noticed that just using the roll...even beyond two days. But that isn't surprising given what it is...and the market has a memory...blah, blah, blah. Will do the two days for sure. Seems the perfect period to generate potential extension targets from.
12 traders viewing now