The Really Useless Thread | Page 5467 | 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

  • #109,321
  • Aug 31, 2012 9:03am Aug 31, 2012 9:03am
Quoting darimik
I havent traded all summer.. Cant wait to get back crack/forexheads.
Hey welcome back Darimik. A lot of us disappeared over the summer and are slowly returning back to the scene (me included; just came back last week).

Markets have been nutty as always, powered by the rumor mill. lol.
  • #109,322
  • Aug 31, 2012 9:05am Aug 31, 2012 9:05am
Quoting AllyB
i don't seem to have the patience to swing trade so i don't usually. i mainly use the higher TF charts to select my levels

come on BB let's get this done!
Here we go ...

In a nutshell ...he doesn't rule further QE but warns about reaching a limit on how much they can do...bla bla bla...

So far same speech. A bit stronger on the limits of too much QE but on the rest (QE) didn't rule anything out .... ES only benchmark for the opening range 1400.xx. Hold opens a break on equities for the next few weeks and euro rally as collateral until ECB....and the opposite on the break below...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,323
  • Aug 31, 2012 9:10am Aug 31, 2012 9:10am
go berrny goooooooooooooo
  • #109,324
  • Aug 31, 2012 9:11am Aug 31, 2012 9:11am
Quoting sisse
Here we go ...

In a nutshell ...he doesn't rule further QE but warns about reaching a limit on how much they can do...bla bla bla...

So far same speech. A bit stronger on the limits of too much QE but on the rest (QE) didn't rule anything out .... ES only benchmark for the opening range 1400.xx. Hold opens a break on equities for the next few weeks and euro rally as collateral until ECB....and the opposite on the break below...

sisse
Think i'll just stick with selling the Aussie for now, get out of the euro drama for a bit. But... taken from daily range and h4 breakout again, looking for longs somewhere low. We still haven't had a reasonable retrace from the daily. I've been waiting for 2360'ish min.
  • #109,325
  • Aug 31, 2012 9:11am Aug 31, 2012 9:11am
channel is being tested from above at 63
Attached Image (click to enlarge)
Click to Enlarge Name: Bildschirmfoto 2012-08-31 um 16.13.09.png Size: 9 KB
  • #109,326
  • Aug 31, 2012 9:12am Aug 31, 2012 9:12am
Quoting sisse
Here we go ...

In a nutshell ...he doesn't rule further QE but warns about reaching a limit on how much they can do...bla bla bla...

So far same speech. A bit stronger on the limits of too much QE but on the rest (QE) didn't rule anything out .... ES only benchmark for the opening range 1400.xx. Hold opens a break on equities for the next few weeks and euro rally as collateral until ECB....and the opposite on the break below...

sisse
don't usually play the news but did this time. actually opened up a dustbin and put in a SL and left TP open ... ended up taking +30 on it but i think i had a minor heart attack. i based the short on that daily though
  • #109,327
  • Aug 31, 2012 9:12am Aug 31, 2012 9:12am
Quoting Venice
Hey welcome back Darimik. A lot of us disappeared over the summer and are slowly returning back to the scene (me included; just came back last week).

Markets have been nutty as always, powered by the rumor mill. lol.
nice to see you.. hope all is well with the law

I am just ordering a new desk from IKEA.. moved to a new place, so settling in..
  • #109,328
  • Aug 31, 2012 9:14am Aug 31, 2012 9:14am
Quoting darimik
nice to see you.. hope all is well with the law

I am just ordering a new desk from IKEA.. moved to a new place, so settling in..
which one, if I may ask?
  • #109,329
  • Aug 31, 2012 9:17am Aug 31, 2012 9:17am
Quoting Mr Hatch
which one, if I may ask?
still looking.... last time I had this:

http://www.ikea.com/gb/en/catalog/products/00214157/

I was really surprised by the quality of it. My only requirement is that it I have plenty of space, and the top is a bit thicker.
  • #109,330
  • Aug 31, 2012 9:21am Aug 31, 2012 9:21am
Quoting Venice
Think i'll just stick with selling the Aussie for now, get out of the euro drama for a bit. But... taken from daily range and h4 breakout again, looking for longs somewhere low. We still haven't had a reasonable retrace from the daily. I've been waiting for 2360'ish min.
I will be closing month for trades in a few minutes. Everything look set for a chop zone with a slightly continuation mode on the markets that didn't reach R or S (i.e gold and oil) before the news.

I am with you 100% on that as soon as M and W roll.

Quoting AllyB
don't usually play the news but did this time. actually opened up a dustbin and put in a SL and left TP open ... ended up taking +30 on it but i think i had a minor heart attack. i based the short on that daily though
Nicely done Ally ...but watch-out ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,331
  • Aug 31, 2012 9:21am Aug 31, 2012 9:21am
Nice rejection wick coming out of the Aussie from demand. spring sprong.
  • #109,332
  • Aug 31, 2012 9:24am Aug 31, 2012 9:24am
Quoting darimik
still looking.... last time I had this:

http://www.ikea.com/gb/en/catalog/products/00214157/

I was really surprised by the quality of it. My only requirement is that it I have plenty of space, and the top is a bit thicker.
That's the Galant. I have 2 of them with a corner-piece to connect them, and lots of Expedits. The tables are huge and though the topping looks thin, you can do you know what on it, easily.
http://www.ikea.com/gb/en/catalog/products/S59862860/
  • #109,333
  • Aug 31, 2012 9:25am Aug 31, 2012 9:25am
Quoting sisse
I will be closing month for trades in a few minutes. Everything look set for a chop zone with a slightly continuation mode on the markets that didn't reach R or S (i.e gold and oil) before the news.

I am with you 100% on that as soon as M and W roll.



Nicely done Ally ...but watch-out ....

sisse
once is enough and now its on the wild side. what reasoning do you see for this spike back up?
  • #109,334
  • Aug 31, 2012 9:27am Aug 31, 2012 9:27am
Quoting AllyB
once is enough and now its on the wild side. what reasoning do you see for this spike back up?
Probably something BB did. The markets are ridiculous that they fly around on the whim of a word like this. The nice thing is... it is trade-able. But man, I just want to set some orders and let them go. lol.

Price is just cleaning orders up from demand and supply levels though.
  • #109,335
  • Aug 31, 2012 9:29am Aug 31, 2012 9:29am
Quoting AllyB
once is enough and now its on the wild side. what reasoning do you see for this spike back up?
you remember MC Hammer... Don't touch this.

It had sex... and now is sensitive.
  • #109,336
  • Aug 31, 2012 9:32am Aug 31, 2012 9:32am
Quoting Venice
Probably something BB did. The markets are ridiculous that they fly around on the whim of a word like this. The nice thing is... it is trade-able. But man, I just want to set some orders and let them go. lol.

Price is just cleaning orders up from demand and supply levels though.
biggest M5 candles i have seen in a long time
  • #109,337
  • Aug 31, 2012 9:34am Aug 31, 2012 9:34am
Quoting AllyB
once is enough and now its on the wild side. what reasoning do you see for this spike back up?
Just normal market volatility.

BB always send shockwaves across different markets. Gold (key for the QEs bla bla) was a few ticks below R and it was lagging in the morning but it was the 1st one to turn around quickly, test R and back again (before ES and Euro).

ES is loaded with longs so preventive profit taking and re-positioning after the comments. Finally dollar, just a collateral in all those moves given the comments ...euro just ping pong via dollar on the moves between different markets...

Nothing really important so far in my view, just a BB tiny shake short term. After London goes home, monthly flows will start to kick in (and out) for the rest of the US session.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,338
  • Aug 31, 2012 9:34am Aug 31, 2012 9:34am
Quoting Mr Hatch
you remember MC Hammer... Don't touch this.

It had sex... and now is sensitive.
love it! of course!
  • #109,339
  • Aug 31, 2012 9:35am Aug 31, 2012 9:35am
Quoting AllyB
biggest M5 candles i have seen in a long time
Aha. I was playing 15m on the Aussie.
  • #109,340
  • Aug 31, 2012 9:37am Aug 31, 2012 9:37am
Quoting sisse
Just normal market volatility.

BB always send shockwaves across different markets. Gold (key for the QEs bla bla) was a few ticks below R and it was lagging in the morning but it was the 1st one to turn around quickly, test R and back again (before ES and Euro).

ES is loaded with longs so preventive profit taking and re-positioning after the comments. Finally dollar, just a collateral in all those moves given the comments ...euro just ping pong via dollar on the moves between different markets...

Nothing really important so far in my view,...

thanks sisse ... on the side till then
34 traders viewing now