The Really Useless Thread | Page 5819 | 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

  • #116,361
  • Oct 4, 2012 5:16pm Oct 4, 2012 5:16pm
if we go below 3008...i will sell one around 3020/31. up to the high with a stop just above the high.
those who can, do. those who cant, talk about those who can
  • #116,362
  • Oct 4, 2012 5:19pm Oct 4, 2012 5:19pm
other signs of CAD strength : chart against GBP - today tested D1 pin close with a spike , resulting H4 closed as a "stand-out" bearish candle , to me at least

also H4 pin rejection of SEP lows against CHF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gc.jpg Size: 86 KB
Click to Enlarge Name: cchf.jpg Size: 77 KB
  • #116,363
  • Oct 4, 2012 5:50pm Oct 4, 2012 5:50pm
Quoting USD-Bear
yes still holding, small positions stop @ 97.50
nice mate, i was going to hold it too but i think now its going a bit lower after this TL being broken .. took just few pips out of it and closed, risk wasnt that high as only like 5 pips on average but more chances of it getting hit than not so i am out of it for now

Quoting chazzle
9840 looks back on as res bro - a p/b toward that / today's mid aiming toward 9750/765 - mid , support - looks feasible - might need that run-up to take out April lows - where we are right now ... bonus : RSI doing a batman
note: analysis for st trade
agree with that it might need that run-up , and nice chart , but i have chickened out of that bastard lol H4 TL looks broken so a bit more down it goes me thinks

Quoting Venice
Hmm... It looks like price bounced out of that supply cluster right above with no problems. I would probably only want to be short.

Edited to attach chart.
sure looks like mate, i think I am going to wait for another level to pop up or just leave the bastard alone for a bit till it hits the floor ground or even basement
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 4 - 2 Oct 2012.png Size: 32 KB
  • #116,364
  • Oct 4, 2012 5:56pm Oct 4, 2012 5:56pm
what you guys say about AUDCAD? that's also making me droll a bit lol
i gave it a shot last night which didn't work out tho but i think i am going to give it another shot in a day or two, looking at daily and weekly


Quoting chazzle
other signs of CAD strength : chart against GBP - today tested D1 pin close with a spike , resulting H4 closed as a "stand-out" bearish candle , to me at least

also H4 pin rejection of SEP lows against CHF
  • #116,365
  • Oct 4, 2012 6:09pm Oct 4, 2012 6:09pm
it doesn't look like there is enough volume.

Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_1h.jpg Size: 87 KB
  • #116,366
  • Oct 4, 2012 6:26pm Oct 4, 2012 6:26pm
couse of my misery.
need a spike.

Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_4h.jpg Size: 64 KB
  • #116,367
  • Oct 4, 2012 6:33pm Oct 4, 2012 6:33pm
so ecb r ready to buy bonds, does that mean they're going to? spanish bonds in particular? have spain requested them to officially? what does bundesbank have to say about it? or is da euro just up on unsubstantiated rumour, thin air and a big dragass fart, as per usual???

Inserted Video


apologies if already covered in the thread, just got in and have only caught headlines today...
  • #116,368
  • Oct 4, 2012 6:46pm Oct 4, 2012 6:46pm
took 1/5 short already, 4/5 still waiting @ D.
  • #116,369
  • Oct 4, 2012 6:51pm Oct 4, 2012 6:51pm
daym! is that new work place too far from your place then? or you not on 2 - 10 anymore? :o

i would say as always dragass fart worked its magic, and I got my shorts filled when I woke up. however they are under water right now about 36 pips
At the moment the place where price is right now, its pointing towards 2433 (very close to G-Man's 2444)

looks really nice on the H4 and Daily charts, but ofcourse tomorrow its the NFP which and its very obvious and usual that it will hit my SL and take its direction towards it or not

btw i think, if there is a daily close above 3030 I'll be lost and would be sitting on my hands waiting for BB to fart

Quoting FibbinArchie
so ecb r ready to buy bonds, does that mean they're going to? spanish bonds in particular? have spain requested them to officially? what does bundesbank have to say about it? or is da euro just up on unsubstantiated rumour, thin air and a big dragass fart, as per usual???

apologies if already covered in the thread, just got in and have only caught headlines today...
  • #116,370
  • Oct 4, 2012 7:15pm Oct 4, 2012 7:15pm
Quoting hkkhanus
daym! is that new work place too far from your place then? or you not on 2 - 10 anymore? :o

i would say as always dragass fart worked its magic, and I got my shorts filled when I woke up. however they are under water right now about 36 pips
At the moment the place where price is right now, its pointing towards 2433 (very close to G-Man's 2444)

looks really nice on the H4 and Daily charts, but ofcourse tomorrow its the NFP which and its very obvious and usual that it will hit my SL and take its direction towards it or not

btw i think, if there...
yes it's some distance away, a good hours drive, have to go on 3 motorways... it's not ideal, but three months and i should have built up a reasonably comfortable buffer in my trading account... typically tho' and probably because there's no pressure to make money at the moment, i'm actually doing pretty good with the london open... not closed out a losing position for about a week now...

yeah nfp volatility is likely to go for both st long and short stops, hopefully for your shorts it'll go for long stops first, pattern looks like a possible stair step, unless tokyo starts selling it...
  • #116,371
  • Oct 4, 2012 8:17pm Oct 4, 2012 8:17pm
Quoting FibbinArchie
yes it's some distance away, a good hours drive, have to go on 3 motorways... it's not ideal, but three months and i should have built up a reasonably comfortable buffer in my trading account... typically tho' and probably because there's no pressure to make money at the moment, i'm actually doing pretty good with the london open... not closed out a losing position for about a week now...

yeah nfp volatility is likely to go for both st long and short stops, hopefully for your shorts it'll go for long stops first, pattern looks like a possible...
Good stuff Archie. I need to get back to my roots of swing trading. I feel like I'm making a mess of things... to much time spent with the markets these last few months. Only difference I've noticed is my hair is accelerating the turning of the gray hairs faster
  • #116,372
  • Oct 4, 2012 9:07pm Oct 4, 2012 9:07pm
4h s.. 3020
a 3008 poke may help.
Attached Image
those who can, do. those who cant, talk about those who can
  • #116,373
  • Oct 4, 2012 9:13pm Oct 4, 2012 9:13pm
2985 should be first. if 08 is broken.. i may add at 3020/31 if we bounce here after 08.
those who can, do. those who cant, talk about those who can
  • #116,374
  • Oct 5, 2012 1:18am Oct 5, 2012 1:18am
Quoting hkkhanus
what you guys say about AUDCAD? that's also making me droll a bit lol
i gave it a shot last night which didn't work out tho but i think i am going to give it another shot in a day or two, looking at daily and weekly
would have to get back over 10150/200 and close there on a weekly chart imo to look bullish
Attached Image (click to enlarge)
Click to Enlarge Name: ac.jpg Size: 77 KB
  • #116,375
  • Oct 5, 2012 1:54am Oct 5, 2012 1:54am
Morning, targeting 10090

USDOLLAR D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0067.jpg Size: 109 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #116,376
  • Oct 5, 2012 2:39am Oct 5, 2012 2:39am
AJ keeps knocking on the door of 57/43% of last years range - I don't know why , but I reckon it's going down
Attached Image (click to enlarge)
Click to Enlarge Name: ajd1.jpg Size: 90 KB
  • #116,377
  • Oct 5, 2012 4:29am Oct 5, 2012 4:29am
morning brothers

i se the price are very slowly today cos of news. ok waiting and see what Pa give tu us
looking for investors . pm me
  • #116,378
  • Oct 5, 2012 4:32am Oct 5, 2012 4:32am
pulled a few out selling e/u just ahead of the london open, but if it follows the usual nfp script, then it'll be low probability, narrow range chop into the release... have fun if you're planning on trading it...

later...
  • #116,379
  • Oct 5, 2012 4:50am Oct 5, 2012 4:50am
Quoting Venice
Good stuff Archie. I need to get back to my roots of swing trading. I feel like I'm making a mess of things... to much time spent with the markets these last few months. Only difference I've noticed is my hair is accelerating the turning of the gray hairs faster
man join the grey hair club, my nickname used to be grey hair even when i was in my late twenties, lol... trying to condition myself to trade in trend direction only and only when there is a clear trending condition present...
  • #116,380
  • Oct 5, 2012 4:52am Oct 5, 2012 4:52am
Quoting chazzle
AJ keeps knocking on the door of 57/43% of last years range - I don't know why , but I reckon it's going down
Inserted Video


is the cut enough for macro funds to start repositioning their carry trades? also, is there a secondary cut in the post? AUD still offers best "bang for the buck" in interest rate terms...
39 traders viewing now