The Really Useless Thread | Page 5941 | 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

  • #118,801
  • Oct 20, 2012 9:44am Oct 20, 2012 9:44am
Been busting out the 12h charts here lately. Been having a hard time settling in solid swings off the 4h... gives me a few more candles a week to work with and a little bit clearer direction than the dailys 5. I'm ready for some home run trades.
  • #118,802
  • Oct 20, 2012 5:50pm Oct 20, 2012 5:50pm
Inserted Video
  • #118,803
  • Oct 21, 2012 1:00am Oct 21, 2012 1:00am
Quoting gatorinla
3078 could be it.. i just wait for closer to the edge. 3112/13 and 3110 pops up now.. i look for weakness up to 3142... i had 3025 and 35 earlier.. now 3015 is here as a target.. if we do break 3142 and 3173 then 3204. could be a r even if st.
i dont know if we are top building for sure or not.. i have been watching recent pa above the 3131 target,, i dont not know if we will dt at/near 3131/3205 or even near 3172 (or if this is already the top)... but i had the reversal signal here for over a month. to target 2444. so i have to play the hand dealt and go with the odds. i am watching/have been pa.. in the st 3015 was a target.. we are/were in consolidation so many good or bad signals were given.. 3015 was one of them as a target.. we usually bounce some after. what has happened so far is not what i call a bounce. but if we do now break 3015... 2952 is one i look for.. the same if its broke..with a bounce is normal.. and it is broken ... 2889 2826 ect.. pa is giving most of the picture.. there is still some blanks to be filled. i thought 3015 was a mid and 3078 was the real deal.. i may be wrong.. 3015 may be the main and 3078 a mid.. if true in this way, 2889 is a mid, and 2826 a target. either way past pa targets 2432 and 2868 using other benchmarks.
those who can, do. those who cant, talk about those who can
  • #118,804
  • Oct 21, 2012 1:15am Oct 21, 2012 1:15am
Quoting gatorinla
i dont know if we are top building for sure or not.. i have been watching recent pa above the 3131 target,, i dont not know if we will dt at/near 3131/3205 or even near 3172 (or if this is already the top)... but i had the reversal signal here for over a month. to target 2444. so i have to play the hand dealt and go with the odds. i am watching/have been pa.. in the st 3015 was a target.. we are/were in consolidation so many good or bad signals were given.. 3015 was one of them as a target.. we usually bounce some after. what has happened so far...
is 3092 a spot you would also look for weakness?
Look Sharp/Trade Tight
  • #118,805
  • Oct 21, 2012 1:17am Oct 21, 2012 1:17am
Quoting gatorinla
i dont know if we are top building for sure or not.. i have been watching recent pa above the 3131 target,, i dont not know if we will dt at/near 3131/3205 or even near 3172 (or if this is already the top)... but i had the reversal signal here for over a month. to target 2444. so i have to play the hand dealt and go with the odds. i am watching/have been pa.. in the st 3015 was a target.. we are/were in consolidation so many good or bad signals were given.. 3015 was one of them as a target.. we usually bounce some after. what has happened so far...
dont take this as gospel.. because if we got to 3083.5.. then 2912 may be a target.
those who can, do. those who cant, talk about those who can
  • #118,806
  • Edited 1:35am Oct 21, 2012 1:23am | Edited 1:35am
Quoting PayTheLimit
is 3092 a spot you would also look for weakness?
its all in the range.. i just need the numbers to verify what they indicated they were. some head bounce rejections would help. the real deals are super strong s/r. we broke supports. s/p aj. i think we are just in a bounce the last month.
s/p back to august 1368.. and the aj 75.77... aj is Junes #s
those who can, do. those who cant, talk about those who can
  • #118,807
  • Oct 21, 2012 1:35am Oct 21, 2012 1:35am
well 3015 looks pretty key, maybe didnt get its due since it was tested late friday, perhaps we even slide towards 2998, and then bounce..
Look Sharp/Trade Tight
  • #118,808
  • Oct 21, 2012 1:39am Oct 21, 2012 1:39am
Quoting PayTheLimit
well 3015 looks pretty key, maybe didnt get its due since it was tested late friday, perhaps we even slide towards 2998, and then bounce..
we will see.. it held and we closed above. a bounce is healthy
those who can, do. those who cant, talk about those who can
  • #118,809
  • Oct 21, 2012 1:42am Oct 21, 2012 1:42am
Quoting gatorinla
we will see
Indeed, enjoy the rest of the weekend, catcha later..
Look Sharp/Trade Tight
  • #118,810
  • Oct 21, 2012 2:03am Oct 21, 2012 2:03am
Quoting Tsar
Hi chonchy,

Glad to see you in Here & provide a warm Greeting, Sir
I hope you got Great Weekend...


Best Regards,
Tsar
......Thanks a lot Tsar, for your kind words
The Chonchy
  • #118,811
  • Oct 21, 2012 2:10am Oct 21, 2012 2:10am
Quoting FibbinArchie
hey chonch, long time brother...

good to hear from you, how's the trading going?

post on here more often, you're always welcome...
......I was looking at that funny video you posted and i though i should say hello, trading a lot lately and posting inthe cesarnc thread consume all my time but will try to post here more often, at least to say hello.....

.....Hello also to gator and paythelimit, two of many that I respect so much in my life........
The Chonchy
  • #118,812
  • Oct 21, 2012 3:21am Oct 21, 2012 3:21am
Quoting chonchy
......I was looking at that funny video you posted and i though i should say hello, trading a lot lately and posting inthe cesarnc thread consume all my time but will try to post here more often, at least to say hello.....

.....Hello also to gator and paythelimit, two of many that I respect so much in my life........
even just drop in to say hello once in a while, glad to hear that the trading is going well...
  • #118,813
  • Oct 21, 2012 3:27am Oct 21, 2012 3:27am
Quoting gatorinla
i dont know if we are top building for sure or not.. i have been watching recent pa above the 3131 target,, i dont not know if we will dt at/near 3131/3205 or even near 3172 (or if this is already the top)... but i had the reversal signal here for over a month. to target 2444. so i have to play the hand dealt and go with the odds. i am watching/have been pa.. in the st 3015 was a target.. we are/were in consolidation so many good or bad signals were given.. 3015 was one of them as a target.. we usually bounce some after. what has happened so far...
it's possible, but also i'm reading the sell off as a possible shake out for a continuation, it has a habit of dipping 200 pips or so off the high in such a case, although the fact that it stalled considerably lower than the previous high at 316x/7x is of concern for bulls, but let's see...

next major target on a confirmed break higher / continuation would be the yearly high at 34xx...

274x looks strong on a break lower...
  • #118,814
  • Oct 21, 2012 5:47am Oct 21, 2012 5:47am
Quoting FibbinArchie
even just drop in to say hello once in a while, glad to hear that the trading is going well...
........I will fibbin, I will, I promesse......
The Chonchy
  • #118,815
  • Oct 21, 2012 6:03am Oct 21, 2012 6:03am
Quoting chonchy
........I will fibbin, I will, I promesse......
  • #118,816
  • Oct 21, 2012 8:01am Oct 21, 2012 8:01am
the weekend's fundy mutterings / rumour mill...

Greece To Get Its Bailout Program Amended At November Eurogroup Meeting - Crédit Agricole

With the EU summit behind us, attention will quickly return to Spain and Greece where uncertainty remains over the timing and conditions of any bailout programme, light or not.

In Greece, some clear progress has been achieved between the Troika and the government over extra fiscal measures although disagreement remains over labour market policies, in particular.

There is still no official date scheduled for the release of the quarterly report by the Troika but we see a growing probability that Greece gets its way to a second bailout programme with more favourable terms by the Eurogroup meeting on 12-13 November, with some further positive noise likely in coming days.


Credit Agricole via eFXnews
  • #118,817
  • Oct 21, 2012 8:22am Oct 21, 2012 8:22am
Quoting Venice
Starting to look for strength in the same area... May slide as deep as 2946. 2870 is another potential swing low area. Keep in mind, we failed to make a HH as well, so that gives more strength to bears. The real signal is the LL though.

Edit: And personally, the way equities have turned, I would prefer the bear.
buy when there's blood on the streets v...

google lost 10% since the earnings report... i've seen worse...

facebook may be starting to ripen...
  • #118,818
  • Oct 21, 2012 9:44am Oct 21, 2012 9:44am
Quoting gatorinla
dont take this as gospel.. because if we got to 3083.5.. then 2912 may be a target.
if gatorinla stands for Gator In LA.
I know you don't have a thing for conspiracy theorists, but the dude talks to Arnie Gundersen, the chief engineer of energy consulting company Fairewinds Associates and a former nuclear power industry executive.

Inserted Video


at least buy a geiger counter and an air vent. this is kentucky.

http://www.youtube.com/watch?feature=player_embedded&v=03zn5nFpp9w

just don't eat fish.
  • #118,819
  • Oct 21, 2012 10:10am Oct 21, 2012 10:10am
walking dead new season as good as ever....
  • #118,820
  • Edited 11:29am Oct 21, 2012 10:14am | Edited 11:29am
Quoting longshot_nl
if gatorinla stands for Gator In LA.
I know you don't have a thing for conspiracy theorists, but the dude talks to Arnie Gundersen, the chief engineer of energy consulting company Fairewinds Associates and a former nuclear power industry executive.

http://www.youtube.com/watch?v=ItPra...eature=related

at least buy a geiger counter and an air vent. this is kentucky.

http://www.youtube.com/watch?feature=player_embedded&v=03zn5nFpp9w

just don't eat...
that info wars website is the looney tunes brand of conspiracy theory...

and alex jones is an idiot...

www.youtube.com/watch?v=7WkGyAqVmCk
33 traders viewing now