The Really Useless Thread | Page 5702 | 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

  • #114,021
  • Sep 26, 2012 11:32am Sep 26, 2012 11:32am
Quoting Venice
Stops to BE on the Aussie long, not messing around with this one too much. Currently sitting +12, will let her go, and see if she is a dud or not. Try again later if so... Stop is right where price will retest, unfortunately. So this is either momtenum race or stop out. More than likely, stop out.
Stopped +0.2. Just in time for it to come back to the respective supply turned demand area Probably should be adding right now, but i'm going to be a pansy instead.
  • #114,022
  • Sep 26, 2012 11:34am Sep 26, 2012 11:34am
Swissy is almost back to it's appropriate supply zone. I'll be looking for shorts on that one over the next day or so.
  • #114,023
  • Sep 26, 2012 11:35am Sep 26, 2012 11:35am
And this is why the higher time frames always override the lower ones.
  • #114,024
  • Sep 26, 2012 11:40am Sep 26, 2012 11:40am
Quoting Venice
Yep, and I would much prefer 2874, from the H1.
bears sell near 0374 w/o 0375 . for 0298 target.. bulls long near 0340 w/o 0338.... to target 0396 and possible 0409
bears look for weakness at/near bull targets..
those who can, do. those who cant, talk about those who can
  • #114,025
  • Sep 26, 2012 11:53am Sep 26, 2012 11:53am
Quoting gatorinla
bears sell near 0374 w/o 0375 . for 0298 target.. bulls long near 0340 w/o 0338.... to target 0396 and possible 0409
bears look for weakness at/near bull targets..
both of these matches already lit.. it will go to one target or the other. posted entries are near where they will go the other direction. so stops should be tight... spread + 2 is all that would be needed normally.
those who can, do. those who cant, talk about those who can
  • #114,026
  • Sep 26, 2012 12:04pm Sep 26, 2012 12:04pm
reason for my gbp cad short
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_cad_4h.jpg Size: 82 KB
  • #114,027
  • Sep 26, 2012 12:05pm Sep 26, 2012 12:05pm
Quoting gatorinla
it made a LL, but it still has to remain under 65... the LL indicated 2802 if 65 is unmolested. if it is 2897 is a mirror to 2802
eu 2865 broke (HH).. so bear weakness for a bull move to 2897 should be watched. as long as we don't break the low. the closer to the current low is the better r/r. i am looking to s.. so i wait for these bounces.
those who can, do. those who cant, talk about those who can
  • #114,028
  • Sep 26, 2012 12:16pm Sep 26, 2012 12:16pm
Quoting longshot_nl
reason for my gbp cad short
been looking at this too mate to short into yesterday pin - I don't fancy it over these highs though
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gcadd1.JPG Size: 81 KB
Click to Enlarge Name: gcadh1.jpg Size: 76 KB
  • #114,029
  • Sep 26, 2012 12:33pm Sep 26, 2012 12:33pm
Aussie 15m... if you squint, stand on one foot while cocking your head to the side... it's kind of an ascending triangle.
  • #114,030
  • Sep 26, 2012 12:45pm Sep 26, 2012 12:45pm
Hey, gang. I just decided to move my protective SLs down to 1.2875.

Why? Have I lost confidence in my 1.2805 target.

No.

Take a look at the chart below. It's a 15min chart and the green line is a 50ema. It has done well to contain PA since mid-day yesterday. A move above this could easily mean we'll test 1.2900 resistance before going lower.

I've got a healthy amount of paper profits that I'd rather not see reverse with a move to 1.2900, but I'm not willing to cut my positions short yet here either. If the stop gets taken out, I'll be reloading shorts somewhere near 1.2900
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2012-09-26 at 10.40.54 AM.png Size: 30 KB
check out my blog: forexmademillionaire dot com
  • #114,031
  • Sep 26, 2012 12:49pm Sep 26, 2012 12:49pm
Quoting Geppy
Hey, gang. I just decided to move my protective SLs down to 1.2875.

Why? Have I lost confidence in my 1.2805 target.

No.

Take a look at the chart below. It's a 15min chart and the green line is a 50ema. It has done well to contain PA since mid-day yesterday. A move above this could easily mean we'll test 1.2900 resistance before going lower.

I've got a healthy amount of paper profits that I'd rather not see reverse with a move to 1.2900, but I'm not willing to cut my positions short yet here either. If the stop gets taken out,...
Looks good. I am targeting 2808 min, but we have severely lost momentum. Aussie has reached daily demand, swissy will be at supply tomorrow or Friday. This current leg is about done across the board, just need to finish up a couple more items.

Edit: Ok, I don't mean severly lost momentum. It's just a retrace move... always messy. lol
  • #114,032
  • Sep 26, 2012 12:57pm Sep 26, 2012 12:57pm
Quoting Venice
Looks good. I am targeting 2808 min, but we have severely lost momentum. Aussie has reached daily demand, swissy will be at supply tomorrow or Friday. This current leg is about done across the board, just need to finish up a couple more items.

Edit: Ok, I don't mean severly lost momentum. It's just a retrace move... always messy. lol
I'm not sure on all that... but I do know I'd rather be protecting profits
check out my blog: forexmademillionaire dot com
  • #114,033
  • Sep 26, 2012 12:58pm Sep 26, 2012 12:58pm
This game cheats.
  • #114,034
  • Sep 26, 2012 1:18pm Sep 26, 2012 1:18pm
Quoting Geppy
Hey, gang. I just decided to move my protective SLs down to 1.2875.

Why? Have I lost confidence in my 1.2805 target.

No.

Take a look at the chart below. It's a 15min chart and the green line is a 50ema. It has done well to contain PA since mid-day yesterday. A move above this could easily mean we'll test 1.2900 resistance before going lower.

I've got a healthy amount of paper profits that I'd rather not see reverse with a move to 1.2900, but I'm not willing to cut my positions short yet here either. If the stop gets taken out, I'll be...
Sounds wise to me, bouncing towards 1.2900 very possible imho
Don't be a hero. Don't have an ego. Always question yourself
  • #114,035
  • Sep 26, 2012 1:23pm Sep 26, 2012 1:23pm
Quoting USD-Bear
Sounds wise to me, bouncing towards 1.2900 very possible imho
Yup, yup... but that ema has been pretty sexy the last 24 hours or so. I wouldn't complain if it continues
check out my blog: forexmademillionaire dot com
  • #114,036
  • Sep 26, 2012 1:25pm Sep 26, 2012 1:25pm
Jawn, where you at, you bastard!?!?!???

We're only 2.5 hours away from our favorite time of the week:

Wednesday roll-over for EA bears!
check out my blog: forexmademillionaire dot com
  • #114,037
  • Sep 26, 2012 1:27pm Sep 26, 2012 1:27pm
Quoting Geppy
Yup, yup... but that ema has been pretty sexy the last 24 hours or so. I wouldn't complain if it continues
no reason to dump sexy things as long as they stay nice
Don't be a hero. Don't have an ego. Always question yourself
  • #114,038
  • Sep 26, 2012 1:36pm Sep 26, 2012 1:36pm
Quoting gatorinla
maybe 1460 first
never got 1460, but it tried.. we hit the one target.another in yellow. the bounce after was normal. #112647
Attached Image (click to enlarge)
Click to Enlarge Name: sp2.PNG Size: 29 KB
those who can, do. those who cant, talk about those who can
  • #114,039
  • Sep 26, 2012 1:44pm Sep 26, 2012 1:44pm
Quoting USD-Bear
no reason to dump sexy things as long as they stay nice
Took me awhile to learn that lesson, but truest words I ever heard
check out my blog: forexmademillionaire dot com
  • #114,040
  • Sep 26, 2012 1:49pm Sep 26, 2012 1:49pm
Quoting Venice
This game cheats.
Here you go, dude.

http://www.forexlive.com/blog/2012/0...usd-bottoming/
check out my blog: forexmademillionaire dot com
105 traders viewing now