The Really Useless Thread | Page 5036 | 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

  • #100,701
  • Jul 8, 2012 11:06pm Jul 8, 2012 11:06pm
Quoting fxjawn
i meant the longer we wait to bounce the bigger the bounce not the longer we sit here dicking around

im not that dumb lol
Gotcha, yeah I took it the other way "the longer we sit here, the bigger"...
check out my blog: forexmademillionaire dot com
  • #100,702
  • Jul 8, 2012 11:10pm Jul 8, 2012 11:10pm
Quoting kenfen69
mirror image... 2301 then 2355- should yield 2210 ish a LL... and that shield bring out 2170 min target
those who can, do. those who cant, talk about those who can
  • #100,703
  • Jul 8, 2012 11:11pm Jul 8, 2012 11:11pm
Quoting Geppy
Gotcha, yeah I took it the other way "the longer we sit here, the bigger"...
i know lol sorry bro

when i went back and reread it i saw what you meant....

actually thats another reason i just went ahead and closed the longs i was in...

yea its quite the opposite the longer we sit usually means quite the opposite for price. Means we are not yet done below
  • #100,704
  • Jul 8, 2012 11:18pm Jul 8, 2012 11:18pm
Quoting gatorinla
mirror image... 2301 then 2355- should yield 2210 ish a LL... and that shield bring out 2170 min target
so after 2301, it makes 2355 have a little scalp power as a support near/@2356 for a weak long. if it can be bought with a few risked pips. then breach 2301 on a bounce.. its a good r/r trade.
those who can, do. those who cant, talk about those who can
  • #100,705
  • Jul 8, 2012 11:20pm Jul 8, 2012 11:20pm
Quoting fxjawn
yea its quite the opposite the longer we sit usually means quite the opposite for price. Means we are not yet done below
Barely even a close above M15 50ema since Thursday. Anything that did was just sold off again on the next candle.

EurAud above the 50 and DTEMA now.
  • #100,706
  • Jul 8, 2012 11:22pm Jul 8, 2012 11:22pm
Quoting gatorinla
so after 2301, it makes 2355 have a little scalp power as a support near/@2356 for a weak long. if it can be bought with a few risked pips. then breach 2301 on a bounce.. its a good r/r trade.
2255?
  • #100,707
  • Jul 8, 2012 11:23pm Jul 8, 2012 11:23pm
Quoting kenfen69
Barely even a close above M15 50ema since Thursday. Anything that did was just sold off again on the next candle.

EurAud above the 50 and DTEMA now.
yea bro crazy .... she was a good one

im hoping to get a chance to load up when the bounce does happen just waiting to see what london does if she bounces i may sell it not sure yet
  • #100,708
  • Jul 8, 2012 11:25pm Jul 8, 2012 11:25pm
Quoting kenfen69
2255?
its lower then 56.. so it voids the trade mostly.. quit worring about losing a 5 pip trade. the 200 pip one will make up for it. this one sets up 45 pips.. then 45 more. then more times then not the mid of the leg. dont risk 1% risk 1/4 and you will still make more then those risking much more.
those who can, do. those who cant, talk about those who can
  • #100,709
  • Jul 8, 2012 11:29pm Jul 8, 2012 11:29pm
Quoting gatorinla
its lower then 56.. so it voids the trade mostly.. quit worring about losing a 5 pip trade. the 200 pip one will make up for it.
Agreed. But in your post you said 2355/6...just asking if it should read 2255/6? 2256...I follow. 2356...I'm lost.
  • #100,710
  • Jul 8, 2012 11:30pm Jul 8, 2012 11:30pm
Quoting kenfen69
Agreed. But in your post you said 2355/6...just asking if it should read 2255/6? 2256...I follow. 2356...I'm lost.
re read. 55 voids.. @/near 56 optimal
those who can, do. those who cant, talk about those who can
  • #100,711
  • Jul 8, 2012 11:31pm Jul 8, 2012 11:31pm
Quoting fxjawn
yea bro crazy .... she was a good one

im hoping to get a chance to load up when the bounce does happen just waiting to see what london does if she bounces i may sell it not sure yet
M15 to H1 Close above the 23 handle could prove interesting. If that doesn't happen soonish...bulls still sleeping.
  • #100,712
  • Jul 8, 2012 11:35pm Jul 8, 2012 11:35pm
Quoting gatorinla
re read. 55 voids.. @/near 56 optimal
OK...I'm fairly certain I'm following you if 2255 voids. But below...you're saying 2355 and 2356...

Quoting gatorinla
so after 2301, it makes 2355 have a little scalp power as a support near/@[b]23[/b]56 for a weak long. if it can be bought with a few risked pips. then breach 2301 on a bounce.. its a good r/r trade.
And that is confusing the shite out of me. How can 2356 be Support after 2301? Resistance...sure. Support...no.
  • #100,713
  • Jul 8, 2012 11:38pm Jul 8, 2012 11:38pm
Quoting kenfen69
M15 to H1 Close above the 23 handle could prove interesting. If that doesn't happen soonish...bulls still sleeping.
thats what i dont like

i was happy to take what i got out of her she has not moved since i TP'ed

im thinkin london will drop the bottom out... or they could hunt higher then drop it
  • #100,714
  • Jul 8, 2012 11:40pm Jul 8, 2012 11:40pm
Quoting fxjawn
thats what i dont like

i was happy to take what i got out of her she has not moved since i TP'ed

im thinkin london will drop the bottom out... or they could hunt higher then drop it
Yep...getting rejected off M15 50ema again.

Need to see LO really.
  • #100,715
  • Jul 8, 2012 11:42pm Jul 8, 2012 11:42pm
Kk. Range is set. Have some good trades bastards. 1hr is indicating higher. Let's see if London agrees.
  • #100,716
  • Edited 11:56pm Jul 8, 2012 11:43pm | Edited 11:56pm
Quoting kenfen69
OK...I'm fairly certain I'm following you if 2255 voids. But below...you're saying 2355 and 2356...



And that is confusing the shite out of me. How can 2356 be Support after 2301? Resistance...sure. Support...no.
yeah go to the others.. 55 is the risk. 56 the support and 2301 is the reward. in reality 2300.9 is the reward. if we could get a optimal trade at 56.. our stop could be 55.. in the real world with spreads and different brokers thats hard to do. so a 56 entry with a small s/l of just a few is optimal. and also very hard to get. i many time use 58 with a stop just below 55. since in a norm move we bounce. getting to 2301 is not a big stretch. and the mid of a previous leg happens more times then it doesnt. a 56 bounce could be a good clue. the worst thing is we miss a down move it it falls now... it dont cost a dime to wait for the pair to strike the torch and light the way. even a small move to 2328.5 is better then shorting here. and st pa makes 2346 in a decent place if we drop before 2301 closer to 2256
those who can, do. those who cant, talk about those who can
  • #100,717
  • Jul 8, 2012 11:44pm Jul 8, 2012 11:44pm
Quoting pkimnyc
Kk. Range is set. Have some good trades bastards. 1hr is indicating higher. Let's see if London agrees.
Indeed.

Have a good nap, brother.
  • #100,718
  • Jul 8, 2012 11:44pm Jul 8, 2012 11:44pm
Quoting kenfen69
Yep...getting rejected off M15 50ema again.

Need to see LO really.
yea thats why i kept moving my tp price moving so slow the ema kept drifting lol
  • #100,719
  • Jul 8, 2012 11:45pm Jul 8, 2012 11:45pm
Quoting pkimnyc
Kk. Range is set. Have some good trades bastards. 1hr is indicating higher. Let's see if London agrees.
good! fine! get the hell out of here!
  • #100,720
  • Jul 8, 2012 11:47pm Jul 8, 2012 11:47pm
Quoting gatorinla
yeah go to the others.. 55 is the risk. 56 the support and 2301 is the reward. in reality 2300.9 is the reward. if we could get a optimal trade at 56.. our stop clould be 55.. in the real world with spreads and different brokers thats hard to do. so a 56 entry with a small s/l of just a few is optimal. and also very hard to get. i many time use 58 with a stop just below 55.
Good stuff.

Had we not been down as far as 2229 today, I think I would just set a pending and go to sleep. Well...given we're talking 5 pips...I still might.
381 traders viewing now