The Really Useless Thread | Page 5837 | 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

  • #116,721
  • Oct 8, 2012 1:39am Oct 8, 2012 1:39am
Quoting chazzle
doesn't matter any more bro

could pause at the late June low .... 7930ish - looking at that - but yeah , 7980ish is r now , thanks to LO
looking for investors . pm me
  • #116,722
  • Oct 8, 2012 1:56am Oct 8, 2012 1:56am
Quoting chazzle
lets finish the job
whatever -- eyes on 7980 for the reload ...
Attached Image (click to enlarge)
Click to Enlarge Name: ajm5.JPG Size: 63 KB
Attached Image
  • #116,723
  • Oct 8, 2012 2:47am Oct 8, 2012 2:47am
chanced a EU quickie (long) at 970 - H1 pin through last Tues. high (previous H) - last week bullish outside to previous
  • #116,724
  • Oct 8, 2012 3:07am Oct 8, 2012 3:07am
Quoting gatorinla
atm we may bounce back to 3046/3070. it may not bounce, but its normal before 2956,.. 2993 ish could trigger it.. .. but after if the above remains 2956.7 and 2937 are still valid st
doing its thing..more nap
#116675
those who can, do. those who cant, talk about those who can
  • #116,725
  • Oct 8, 2012 3:20am Oct 8, 2012 3:20am
Quoting gatorinla
either or.. if the bears can get below 2993 then 2956/57 is a likely sr and target st.
others 2937 a target and a s/r.. important if broken. then 2899.7... then the mid for the bull 3131 at 288x xx84? i think, .. if we do break 2802 then lower targets like 2768 .. but between sub 2802 and 2768 a possible bounce to 2987.. that will not affect the 2768 target. just postpone it unless we break 3172.. a break of sub 2802 cancels 3131...

on the bull side if we break Fridays high then 3127 is a target. its below 3131 but more times...
doing its thing
Attached Image
those who can, do. those who cant, talk about those who can
  • #116,726
  • Oct 8, 2012 3:22am Oct 8, 2012 3:22am
Quoting gatorinla;6075286[U
]simple as this.[/u]. Fridays high was a s/r target just like the other posted targets.. it did its thing.. it did what it was supposed to do.. its now either a top or not.. now getting below 2937 greatly decreases chances of going higher. the same is true and stronger if we get below 2802.. i anticipate a bounce at some point after 2802. that dont mean we will get to 2987 like norm.. because once under 2802 it makes 2937 stronger as r. as it does Fridays high. the same is true now with 2937 as a support.. and 2802.. just like a mirror.. trades off these wall bounces can be profitable with small risk comparable to reward..
nap time again
3131 is still valid but less likely.. usually 2884 would be needed in that bull norm.. below 2802 kills 3131..
those who can, do. those who cant, talk about those who can
  • #116,727
  • Oct 8, 2012 3:27am Oct 8, 2012 3:27am
suker wont let me sleep.. below 37 should mean 2802 is a target.. a bounce here is norm... in a continuation bounces will be small and weak. it never has to bounce. low atm 2938
those who can, do. those who cant, talk about those who can
  • #116,728
  • Oct 8, 2012 3:31am Oct 8, 2012 3:31am
hmmm, by weakness you mean weak tired looking candles?
Quoting gatorinla
it can go higher.. it did go higher, going higher always looks bullish.. but no moves are a straight line. it was norm for bears to get 2987 before lower... that is 2987/3172... its also norm for a bullish move to go higher. we had a smaller wave pointing to 3070...sometimes these overshoot targets are the end of a move. that's why looking for weakness after is important for the better price entry.. the odds are much better of reverse after targets are met. #116401 #[b]116675...
  • #116,729
  • Oct 8, 2012 3:43am Oct 8, 2012 3:43am
Quoting hkkhanus
hmmm, by weakness you mean weak tired looking candles?
weakness as opposed to strength, technical signals (could be candle formation, or any other technical indicator) that the market will move down as opposed to up...

ie. weakness shows that supply is in control, whereas strength shows that demand is in control...

that's my understanding anyway, which comes from my study of vsa, or that's how the terminology is used in vsa anyhow...

  • #116,730
  • Oct 8, 2012 3:56am Oct 8, 2012 3:56am
Quoting chazzle
chanced a EU quickie (long) at 970 - H1 pin through last Tues. high (previous H) - last week bullish outside to previous
added and bailed -9 net
  • #116,731
  • Oct 8, 2012 4:35am Oct 8, 2012 4:35am
don't look too much at the TL, actually should remove it, 10090 is what I am looking at atm

USDOLLAR D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0068.jpg Size: 103 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #116,732
  • Oct 8, 2012 4:41am Oct 8, 2012 4:41am
2 possible B's, just my prefered count.
my cycle ends a little less then 4h from now.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_30m.jpg Size: 77 KB
  • #116,733
  • Oct 8, 2012 4:57am Oct 8, 2012 4:57am
still flat

Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_1h.jpg Size: 65 KB
  • #116,734
  • Oct 8, 2012 5:09am Oct 8, 2012 5:09am
Quoting Venice
Cable sell @ 6180 is working out nicely. I was planning on holding through the weekend and aiming for targets for monday/tuesday... but shesh. Or not. Might just take my 40 pips and run!
Liked momentum that came with last night. Were getting close to the next bounce zone so i'm going to take profit soon here, and will look to reload higher.

Locked in +120. Will close when m15 starts showing signs of flipping.

That's what you get for pouncing on me last week, cable, you bastard!
  • #116,735
  • Oct 8, 2012 5:12am Oct 8, 2012 5:12am
P.S. Gator... HH > LL (H4). I think I might like these too... Key is the Daily chart?? She was already pointing down....

I swear, I still learn something new every week on these bloody markets.
  • #116,736
  • Oct 8, 2012 5:13am Oct 8, 2012 5:13am
Quoting Venice
Liked momentum that came with last night. Were getting close to the next bounce zone so i'm going to take profit soon here, and will look to reload higher.

Locked in +120. Will close when m15 starts showing signs of flipping.

That's what you get for pouncing on me last week, cable, you bastard!
show them bastards
Don't be a hero. Don't have an ego. Always question yourself
  • #116,737
  • Oct 8, 2012 5:18am Oct 8, 2012 5:18am
anyone know if there's a press conference scheduled for the fin min meetings?
  • #116,738
  • Oct 8, 2012 5:23am Oct 8, 2012 5:23am
2966 short. full lots.
looking for investors . pm me
  • #116,739
  • Oct 8, 2012 5:31am Oct 8, 2012 5:31am
Quoting kbmoonshinex
2966 short. full lots.
what kind of gearing are you using?
  • #116,740
  • Oct 8, 2012 5:34am Oct 8, 2012 5:34am
Quoting FibbinArchie
what kind of gearing are you using?
I use rubber gear: D
looking for investors . pm me
31 traders viewing now