The Really Useless Thread | Page 5532 | 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

  • #110,621
  • Sep 12, 2012 5:00am Sep 12, 2012 5:00am
big azz fibo @ 34, fighting strong momo and fundy info to try a counter...
  • #110,622
  • Sep 12, 2012 5:05am Sep 12, 2012 5:05am
time out till ny adds liquidity... bbl...
  • #110,623
  • Sep 12, 2012 5:07am Sep 12, 2012 5:07am
Quoting FibbinArchie
big azz fibo @ 34, fighting strong momo and fundy info to try a counter...
2932.4 is the mid to 3026.1, the continuation of yesterday 2838.7.
Apart from 2962/69, I don't have much in the way towards 3038.
  • #110,624
  • Sep 12, 2012 5:59am Sep 12, 2012 5:59am
Quoting Mr Hatch
2932.4 is the mid to 3026.1, the continuation of yesterday 2838.7.
Apart from 2962/69, I don't have much in the way towards 3038.
i like 2905 for the latest st b/o, also tl support (minor) if you ignore the spike low ahead of the ruling...

nipping down the shops, bbl...
  • #110,625
  • Sep 12, 2012 6:02am Sep 12, 2012 6:02am
Quoting FibbinArchie
i like 2905 for the latest st b/o, also tl support (minor) if you ignore the spike low ahead of the ruling...

nipping down the shops, bbl...
the spike down didn't stop ~2815 by coincidence either.
  • #110,626
  • Sep 12, 2012 6:22am Sep 12, 2012 6:22am
Quoting FibbinArchie
true, might get another bite...
I hope you got it ....

That's it for me Quarterly outlook completed. Only levels untested in the outlook were the long term rate differentials that are wide open for the next 2 or 3 Q bars.

Nice and steady final H4 push with German Court but missed the juice of the leg up on the break 1.268x.

Very solid Q outlook in direction and levels with plenty of time ahead to trade but sadly I missed the juice in both momentum moves, the continuation in July and the Break up in September leaving me with a lot of H4 noise in between in a mediocre Quarter performance in the euro....

Like always when target are completed. Quarterly outlook review. Before and After in the Weekly Chart final update and the H4 charts update with the final trade (Q and M charts when they roll in a couple of weeks for the next outlook)..

July 01/2012
Quoting sisse
Quarterly/Monthly TA euro outlook:
"

  1. Q/M close above 1.262x opened [highlight] 1.285x with max overshoot to 1.295x[/highlight] for the retrace on risk on. Bulls will need a "miracle" (strong FA) to see beyond thes levels especially with rates in play. [check / completed]
  2. Continuation down to the TA Q Support 1.223x [check/completed] and below to FA key levels depending on the ECB:

    1. 0.25 cut will open yearly Support at 1.162x with intermediate stop at 1.183x.[open]
    2. 0.50 cut will open 1.08x strong breakout point in Y/Q/M charts
    3. A further cut to negative rates will open parity and below.

  3. On the weekly [highlight]1.296x[/highlight] last break down marginally open (above collateral damage in the downtrend and need FA) for the pullback on a break of noisy [highlight]1.268x[/highlight] resistance. [check / completed]

    Continuation targets wide open 1.236x and 1.223x.[check / completed] Below lots of air to 1.183x.[FAILED IN WEEKLY]
  4. Daily in wide consolidation range (HH but LL) and nothing tradable in my books for this week. [check / completed]
  5. Intraday (h4) also in chop zone after last breakout on Friday with bulls obviously with the upper hand. 1.267x line in the sand for a test 1.276x at least and weekly/monthly targets above after.[check / completed]


Q/M/W charts update...good luck all trading the summer...."

sisse

PS: I hate doing this but he deserves the "in your face comment" and for those who (and u prolly know who I am referring) that laughed and made fun of the quarterly outlook saying that 1.295x was impossible and ridiculous for the end of the summer ... those charts worth a thousand words...

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Weekly072012.jpg Size: 155 KB
Click to Enlarge Name: Weekly120912.jpg Size: 83 KB
Click to Enlarge Name: h41209.png Size: 33 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,627
  • Sep 12, 2012 6:39am Sep 12, 2012 6:39am
Quoting sisse
I hope you got it ....

That's it for me Quarterly outlook completed. Only levels untested in the outlook were the long term rate differentials that are wide open for the next 2 or 3 Q bars.

Nice and steady final H4 push with German Court but missed the juice of the leg up on the break 1.268x.

Very solid Q outlook in direction and levels with plenty of time ahead to trade but sadly I missed the juice in both momentum moves, the continuation in July and the Break up in September leaving me with a lot of H4 noise in between in a mediocre...
took a few chunks out of the move up, happy enough... big, big event risk tomorrow..
  • #110,628
  • Sep 12, 2012 6:45am Sep 12, 2012 6:45am
Quoting Mr Hatch
the spike down didn't stop ~2815 by coincidence either.
figured on the spike, just not as far as it went..
  • #110,629
  • Sep 12, 2012 6:48am Sep 12, 2012 6:48am
Quoting sisse
PS: I hate doing this but he deserves the "in your face comment" and for those who (and u prolly know who I am referring) that laughed and made fun of the quarterly outlook saying that 1.295x was impossible and ridiculous for the end of the summer ... those charts worth a thousand words...
:nerd:
  • #110,630
  • Sep 12, 2012 6:53am Sep 12, 2012 6:53am
Quoting Mr Hatch
:nerd:
  • #110,631
  • Sep 12, 2012 6:56am Sep 12, 2012 6:56am
Quoting kill56
If he doesn't tell me, who dared... I gotta dig through 3 months just to quench my curiosity.
  • #110,632
  • Sep 12, 2012 6:59am Sep 12, 2012 6:59am
Quoting sisse
I hope you got it ....

That's it for me Quarterly outlook completed. Only levels untested in the outlook were the long term rate differentials that are wide open for the next 2 or 3 Q bars.

Nice and steady final H4 push with German Court but missed the juice of the leg up on the break 1.268x.

Very solid Q outlook in direction and levels with plenty of time ahead to trade but sadly I missed the juice in both momentum moves, the continuation in July and the Break up in September leaving me with a lot of H4 noise in between in a mediocre...
not me bro
Quoting kill56
buy one get shitt for free

i dont know what the bitch will do, but i see we have the ema200 in the way up +the TL ,will they hold ,if they do then east is the way for salvation ,not then the door is open for 12930's,

in the main time with not bad NFP and unemployment is at 8.1 we might not see QE befor the election ,



might be wrong
  • #110,633
  • Sep 12, 2012 7:00am Sep 12, 2012 7:00am
Quoting Mr Hatch
If he doesn't tell me, who dared... I gotta dig through 3 months just to quench my curiosity.
u did great bro well done
  • #110,634
  • Sep 12, 2012 7:09am Sep 12, 2012 7:09am
USD CHF,
my attempt to do something constructive with gators levels..
Attached Image (click to enlarge)
Click to Enlarge Name: usd_chf_weekly.jpg Size: 103 KB
  • #110,635
  • Sep 12, 2012 7:21am Sep 12, 2012 7:21am
Nice going mate

Quoting USD-Bear
after rain comes sunshine...

collected +600 (on avg.) on EU longs
Might be too early (9750 on USDOLLAR was target) but hell it's in the pocket

USDOLLAR D1:
Attachment
Disclaimer: Check your 1m charts
  • #110,636
  • Sep 12, 2012 7:22am Sep 12, 2012 7:22am
1.2988 weekly 50MA next stop imo
Attached Image
Disclaimer: Check your 1m charts
  • #110,637
  • Sep 12, 2012 7:27am Sep 12, 2012 7:27am
Quoting FibbinArchie
i like 2905 for the latest st b/o, also tl support (minor) if you ignore the spike low ahead of the ruling...

nipping down the shops, bbl...
20 pip stop held just, out at b/e, watching as retrace went a lot deeper than expected..
  • #110,638
  • Sep 12, 2012 7:32am Sep 12, 2012 7:32am
Quoting pipper
1.2988 weekly 50MA next stop imo
Check last yearly close for reference...

We are back to square one for the year. Moreover, there are more ticks from this year low to the the current level (yearly open) than from this year high to the same point ....

In simple words, except for very long term players (if any) are holding shorts...the rest are just traders stuck on the euro collapse selloff mode and they haven't recognized yet that they missed more than 1/2 juice of this year range so far.

In any case, yeap agree plenty of R around that level (Y/Q/M/W and daily R so).... Let see how the FED close this season before we move to the closing range of the year...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,639
  • Sep 12, 2012 7:33am Sep 12, 2012 7:33am
Quoting FibbinArchie
20 pip stop held just, out at b/e, watching as retrace went a lot deeper than expected..
still the same levels in play bro
Attached Image (click to enlarge)
Click to Enlarge Name: 4heur.gif Size: 22 KB
  • #110,640
  • Sep 12, 2012 7:35am Sep 12, 2012 7:35am
Quoting kill56
still the same levels in play bro
i like to dial 'em in tight tho' kill...

was playing a retrace for a break of 34 area, but not sure it'll do it ahead of fomc now, let's see...
32 traders viewing now