The Really Useless Thread | Page 6004 | 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

  • #120,061
  • Oct 29, 2012 10:58am Oct 29, 2012 10:58am
Quoting USD-Bear
something to kill at 9940 and 9950 but it's coming imo

USDOLLAR M15:
Attachment
Compression?
  • #120,062
  • Oct 29, 2012 11:00am Oct 29, 2012 11:00am
Quoting Venice
M15 is fun, but I've been focusing a lot more on the H1/H4/H12/Daily. Trying to do more with less. Of course, not much one can do with the HTF's swing wise, but the range is still good for a few hundred.

M15 looks like an ascending triangle breakout to the north.
yeah seeing the same, but those wedges fail with a false break almost as often as they succeed in my opinion...
  • #120,063
  • Oct 29, 2012 11:01am Oct 29, 2012 11:01am
Quoting FibbinArchie
you know me v, m15 is long term in my book... least when i'm in scalping mode... btw risk on would see reduced dollar demand, as investors move from liquid cash into securities and vice versa...
Yep... rejected... will be back to check on it next hour. Until then bears until bulls...
  • #120,064
  • Oct 29, 2012 11:03am Oct 29, 2012 11:03am
Quoting Venice
Yep... rejected...
reckon intrady stops are above 25 dpp area, as someone just mentioned... sell stops likely to be just below friday's low...

meantime it looks like the arbitrage boys and girls and algos are just screwin' around...
  • #120,065
  • Oct 29, 2012 11:04am Oct 29, 2012 11:04am
Quoting FibbinArchie
yeah seeing the same, but those wedges fail with a false break almost as often as they succeed in my opinion...
They are awesome, but the problem is, you need room for it to move too as well. This one broke to the north right into a close supply level of a higher time frame, so obviously it overrides. The patterns are important, the muck in the way even more.
  • #120,066
  • Oct 29, 2012 11:06am Oct 29, 2012 11:06am
Quoting Venice
Compression?
just the levels, 9949 atm, let's consider it done
Don't be a hero. Don't have an ego. Always question yourself
  • #120,067
  • Oct 29, 2012 11:08am Oct 29, 2012 11:08am
Quoting Venice
They are awesome, but the problem is, you need room for it to move too as well. This one broke to the north right into a close supply level of a higher time frame, so obviously it overrides. The patterns are important, the muck in the way even more.
honestly i'm more of a levels man, but patterns can provide valuable clues...
  • #120,068
  • Oct 29, 2012 11:11am Oct 29, 2012 11:11am
Quoting FibbinArchie
honestly i'm more of a levels man, but patterns can provide valuable clues...
Yep. I use levels too, but they come from recent candle bodies, but that's about it. Patterns, I mostly just pay attention to compression and triangles.

Compression is a hard one, as it's hard to find the top of it.
  • #120,069
  • Oct 29, 2012 11:14am Oct 29, 2012 11:14am
Quoting Venice
Yep. I use levels too, but they come from recent candle bodies, but that's about it. Patterns, I mostly just pay attention to compression and triangles.

Compression is a hard one, as it's hard to find the top of it.
speaking of htf's, nice pin on h1...
  • #120,070
  • Oct 29, 2012 11:16am Oct 29, 2012 11:16am
Quoting FibbinArchie
speaking of htf's, nice pin on h1...
The level to beat was 2909. Kicked it clear outa there.

Edit: The cool thing about the way I trade... if this current candle finishes bear, then the level to beat moves down. 2905. But this has to finish bear first, then be beat.

But as always, the big boys sucker in as many people as possible... then completely flip the direction around. To me, that is why closes are so important.
  • #120,071
  • Oct 29, 2012 11:23am Oct 29, 2012 11:23am
Quoting Venice
Maybe the news can get her going? I tried twice with it. Two scalps for a total of 20'ish pips. The short from here is suppose to be monstrous... but I am only so patient with stuck price. I know I will be regretting it mid week sometime next week...
heh, duh...
  • #120,072
  • Oct 29, 2012 12:04pm Oct 29, 2012 12:04pm
Quoting Venice
heh, duh...
london closed...

just ordered a copy of warfighter limited edition, my biggest problem with bf3 was the large maps and overpowered vehicles, so hopefully warfighter will be my perfect game, includes a bf4 beta pass for next year...
  • #120,073
  • Oct 29, 2012 12:25pm Oct 29, 2012 12:25pm
Quoting FibbinArchie
london closed...

just ordered a copy of warfighter limited edition, my biggest problem with bf3 was the large maps and overpowered vehicles, so hopefully warfighter will be my perfect game, includes a bf4 beta pass for next year...
Now the H1 is rejected to the bottom. haha. Gotta love consolidation...
  • #120,074
  • Oct 29, 2012 12:37pm Oct 29, 2012 12:37pm
funniest youtube comment i've read in ages...
Attached Image (click to enlarge)
Click to Enlarge Name: youtube.jpg Size: 56 KB
  • #120,075
  • Oct 29, 2012 12:43pm Oct 29, 2012 12:43pm
Quoting gatorinla
last 4 h was a bear b/o close.. but if the next h close my 4h. takes away the last 3 or more watch out. a close now above 2927 is a bullish sign. for
... the edge for this is st one at 2826 is 30245... but even higher dont stop the bear. 3079 or even 3140 is valid. so the next h the 4 could be a i hammer if we close near the current low.. that indicates bullish and would agree with the Friday day candle... bears need a nice LL move this h.. if not.. closes above 2927 should not be ignored. for the bounce to 3014 ish
2 4h candles closed after post atm.. the attempt for 2926 was rejected just under. its a R atm. the next red candle after the dogi marked 2 was the rejected one. since its red and under 2927 ( closed) its still in the bear mode. only when/if that changes today. the bear will remain. to be safe a close above 2930. since w/o it i still have 2866.. st... a close now under 2887 on my 4 at 5est... would put 2839 in the scope and lower the bounce height potential
Attached Image (click to enlarge)
Click to Enlarge Name: ea.PNG Size: 22 KB
those who can, do. those who cant, talk about those who can
  • #120,076
  • Oct 29, 2012 1:19pm Oct 29, 2012 1:19pm
the lovely lauren with uncle jim...

Inserted Video
  • #120,077
  • Oct 29, 2012 4:13pm Oct 29, 2012 4:13pm
any news on sandy?

http://pmcmovieline.files.wordpress.....jpg%3Fw%3D630
  • #120,078
  • Oct 29, 2012 4:56pm Oct 29, 2012 4:56pm
Quoting USD-Bear
boring level that 1.29
getting into coma.....
Don't be a hero. Don't have an ego. Always question yourself
  • #120,079
  • Oct 29, 2012 4:56pm Oct 29, 2012 4:56pm
Quoting Mr Hatch
any news on sandy?

http://pmcmovieline.files.wordpress.....jpg%3Fw%3D630
what up hatches... can't beat a bit of olivia newton john in slut mode...
  • #120,080
  • Oct 29, 2012 5:05pm Oct 29, 2012 5:05pm
Quoting FibbinArchie
what up hatches... can't beat a bit of olivia newton john in slut mode...
not much, just reading a bit here and there.

just saw that Scott Forstall is going to leave Apple... kind of worrying how things are changing there since Steve passed away. The "new broom" hopefully isn't going to destroy the best computers, I have ever used up to now. Just as a precaution I am taking a look at the newer editions of Debian. My homeserver is running the fourth straight year now without a single hickup.

Btw... does Windows 8 really suck that much? I had a discussion this afternoon where a person seriously wanted to tell me that I could manipulate the system to be able to boot to a desktop environment... I mean, come on... what has become of the "out-of-the-box"-experiences?
2 traders viewing now