The Really Useless Thread | Page 5469 | 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

  • #109,361
  • Aug 31, 2012 2:23pm Aug 31, 2012 2:23pm
Quoting pipper
Definitely looks like monthly reversal. Similar MA action also on the Daily back in March 2009
Reversal in play but definitively and not even remotely (TA and FA) start of an uptrend. In simple words, consolidation in major TFs on the making with next Q confirming all.... That will not be nice for the euro in 2013 ...we may have a prolonged range that can last for very long time .... we'll see

Quoting pipper
Beware Two Days in Second Week of September

http://online.wsj.com/article/SB1000...852600944.html
Yeap, the party only started today with BB and the ECB comments...the real deal comes on the ECB/FED/NFP/China/ EZ Spain combo in the next couple of weeks...

My score in this 1st "set" looking at the markets close is Central Banks 1 - Naysayers 0. Plenty of "sets" left ...let see who wins the match.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,362
  • Aug 31, 2012 2:28pm Aug 31, 2012 2:28pm
Quoting kill56
i hope so, thanks bro, watching the es close they might sell the heck of it
Nope ...they are already gone for the long weekend. Only fck up guys like us are tracking the roll today just because we can't wait for the weekend to see what levels panned out and are panning out for next month ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,363
  • Aug 31, 2012 2:31pm Aug 31, 2012 2:31pm
Agree. Eu need euro lower. Looking for 1.27/29 on this upswing which will allow Draghi to cut rates further.

Could be right about a boring prolonged range if it doesn't break year lows

Quoting sisse
definitively and not even remotely (TA and FA) start of an uptrend. ...we may have a prolonged range that can last for very long time .... we'll see
Disclaimer: Check your 1m charts
  • #109,364
  • Aug 31, 2012 2:33pm Aug 31, 2012 2:33pm
well, don't know about reversal on the monthly but i am short from 1.2616 (tracking that number since a couple of weeks ago) and just added another. me finks 1.2477 min. we'll see what it does on the way down. this voids above todays high. my daily says back to 1.2040 or 1.1830...would love to see a close below 1.2565. while above this we point to 1.2730.
dreams do come true.
  • #109,365
  • Aug 31, 2012 2:38pm Aug 31, 2012 2:38pm
Nice. Have 1.2618 as 2010 M2

Quoting wannaberich
well, don't know about reversal on the monthly but i am short from 1.2616 (tracking that number since a couple of weeks ago) and just added another. me finks 1.2477 min. we'll see what it does on the way down. this voids above todays high. my daily says back to 1.2040 or 1.1830...would love to see a close below 1.2565. while above this we point to 1.2730.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 43 KB
Disclaimer: Check your 1m charts
  • #109,366
  • Aug 31, 2012 2:54pm Aug 31, 2012 2:54pm
Quoting wannaberich
well, don't know about reversal on the monthly but i am short from 1.2616 (tracking that number since a couple of weeks ago) and just added another. me finks 1.2477 min. we'll see what it does on the way down. this voids above todays high. my daily says back to 1.2040 or 1.1830...would love to see a close below 1.2565. while above this we point to 1.2730.
Oh yeap monthly reversal in play doesn't mean anything for the current daily swing in play mate. Even it is fast reversal 2 o 3 monthly candles it means December at least to have something that most people can recognize in their charts ....... in any case for what is worth I have 1.263x / 1.266x R area for the next daily swing play, we tested 1.264x today so .... let see for next week....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,367
  • Aug 31, 2012 2:54pm Aug 31, 2012 2:54pm
Quoting chazzle
just re-entered AC long
holding over w/e - have a good one guys
Attached Image (click to enlarge)
Click to Enlarge Name: acd1.jpg Size: 73 KB
  • #109,368
  • Aug 31, 2012 3:00pm Aug 31, 2012 3:00pm
Quoting sisse

I want the FED and BB put and end to this QEs BS, an actually announce a massive QE to overshoot expectation and kill all the whinners once and for all ...
haha, why not give him a call and ask kindly.

Thanks for the exhaustive response. The monthly roll is nearly there and I am curious how that changes the perspective.
Todays high around 26400 sits at the descending weekly TL and there is plenty of resistance up to 2720 - in combination we culd be in for a bearish momentum building up but the technicals will be dilluted around the ecb
  • #109,369
  • Aug 31, 2012 3:01pm Aug 31, 2012 3:01pm
Inserted Video
  • #109,370
  • Aug 31, 2012 3:02pm Aug 31, 2012 3:02pm
it is good to look at others vision as it opens up ones eyes to a different perspective. still the completion of a second cycle of the 4h should give a nice move down. we'll see.

have to keep in mind to always be shlong. i have been lately but i admit i was looking forward for a bigger swing from 1.2616 let's see if i don't expect too much out of it and end up with a huge shouldhavebanked.

made my week today. been trading pretty good lately.

holding over the weekend. big risk, i know.

have a great one guys!
dreams do come true.
  • #109,371
  • Aug 31, 2012 3:03pm Aug 31, 2012 3:03pm
Quoting darimik
I bought bed sheets. They are too big..
Better than too small! (Have to get creative in that case! )

Just tuck them in...and tell them you're planning to "expand" soon!

Hope you're well, Mr Dairy Milk bar! (wait....bar? wuttt!!!)
  • #109,372
  • Aug 31, 2012 3:06pm Aug 31, 2012 3:06pm
Quoting chazzle
http://www.youtube.com/watch?v=eHHT7dTmw8U
Fakking LOVE that track!

That boy can (could...cough!) spit the Rhymes!
  • #109,373
  • Aug 31, 2012 3:07pm Aug 31, 2012 3:07pm
Quoting chazzle
thanks Ally - getting a bit more patience and stepping back from the charts also - helped by more sensible position sizing

hope you're well - how are bins going? I've been doing a lot less scalping of late
now we are sucking diesel
  • #109,374
  • Aug 31, 2012 3:10pm Aug 31, 2012 3:10pm
Weekly 20MA on the nose. Looking like lower for me on Monday unless we Gap

Have a good weekend all
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 27 KB
Disclaimer: Check your 1m charts
  • #109,375
  • Aug 31, 2012 3:12pm Aug 31, 2012 3:12pm
Quoting chazzle
http://www.youtube.com/watch?v=eHHT7dTmw8U
ching-ching!

  • #109,376
  • Aug 31, 2012 3:14pm Aug 31, 2012 3:14pm
Quoting cohiba pips
now we are sucking diesel
to be sure
  • #109,377
  • Aug 31, 2012 3:15pm Aug 31, 2012 3:15pm
Quoting kenfen69
ching-ching
Ken mate how are ye?
  • #109,378
  • Aug 31, 2012 3:22pm Aug 31, 2012 3:22pm
Quoting pipper
Weekly 20MA on the nose. Looking like lower for me on Monday unless we Gap

Have a good weekend all
Have a good one you 2 .... Running out of beer waiting for the freaking roll

...at least we have some closes now.

Gold on massive break up. Oil in strong bullish pattern above 100 (+/-104.xx) looks around the corner. ES and US equities strong rejection of daily supports but no break up ... Euro flirting with a new daily break of R that will clean open weekly R 1.266x ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,379
  • Aug 31, 2012 3:24pm Aug 31, 2012 3:24pm
Quoting chazzle
Ken mate how are ye?
Better afta Busta!

Still chizzling at my DD trades on EA, chazzle. Had a chance to go FLAT earlier...greedy piggy...didn't bite! Next week...I tells meself!

How are you, my magically spirited, market and music, observational, over-lord/brother?

All well (good) in yer world (hood)?
  • #109,380
  • Aug 31, 2012 3:27pm Aug 31, 2012 3:27pm
Quoting sisse
Have a good one you 2 .... Running out of beer waiting for the freaking roll


I BEG your pardon?

Really didn't think that would happen...COULD happen, even! Enjoy!

PM's sissse...have a look this weekend.

Anyone heard from gator?
32 traders viewing now