The Really Useless Thread | Page 6041 | 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

  • #120,801
  • Nov 5, 2012 2:06pm Nov 5, 2012 2:06pm
Quoting gatorinla
we didn't close above nor did we poke a head above since.. if we dont. then 2745 min is a target in the st. 2745 will be valid even if we go as high as 3022........ i gives more fuel for a s on a bounce high with bull weakness. 2952 is one for this mid
on the larger drop beyond 2432.. 1.1643 is looking promising, although going to 3596 first. would have given more confidence.
those who can, do. those who cant, talk about those who can
  • #120,802
  • Nov 5, 2012 2:07pm Nov 5, 2012 2:07pm
Quoting Venice
Can't wait to see the drama unfold from the election this year.
what's the latest? and which candidate is risk-on?
  • #120,803
  • Nov 5, 2012 2:09pm Nov 5, 2012 2:09pm
monthly s1 is the motherfolker that's been capping us btw, 2793...
  • #120,804
  • Nov 5, 2012 2:11pm Nov 5, 2012 2:11pm
Quoting FibbinArchie
what's the latest? and which candidate is risk-on?
I really don't know since I don't understand the mechanics behind it. I would say Romney is risk on... I think right now the expectation is Obama winning... so if Romney wins it could send the US$ soaring? At best though, I am just guessing.
  • #120,805
  • Nov 5, 2012 2:14pm Nov 5, 2012 2:14pm
Quoting FibbinArchie
monthly s1 is the motherfolker that's been capping us btw, 2793...
Aye, sank into a Daily cluster from from a few waves back. It's surprising we haven't bounced straight back up too at least retest the BO south from below.

I'm looking for 2880 min for a retrace, but we will see. Right now it is a sack of bricks.
  • #120,806
  • Nov 5, 2012 2:15pm Nov 5, 2012 2:15pm
Quoting Venice
I really don't know since I don't understand the mechanics behind it. I would say Romney is risk on... I think right now the expectation is Obama winning... so if Romney wins it could send the US$ soaring? At best though, I am just guessing.
risk on is dollar weakness as assets move out of safe haven cash and into risk securities...

but yeah that's my understanding, as obamerama wants to increase taxation on investment income, which will result in less demand for investments in the short term...
  • #120,807
  • Nov 5, 2012 2:16pm Nov 5, 2012 2:16pm
Quoting FibbinArchie
monthly s1 is the motherfolker that's been capping us btw, 2793...
looks like the London open. dont worry,, after 2782 min it may break higher.. on a high bounce.. to 2811 min,, then we work on more.
those who can, do. those who cant, talk about those who can
  • #120,808
  • Nov 5, 2012 2:17pm Nov 5, 2012 2:17pm
Quoting Venice
Aye, sank into a Daily cluster from from a few waves back. It's surprising we haven't bounced straight back up too at least retest the BO south from below.

I'm looking for 2880 min for a retrace, but we will see. Right now it is a sack of bricks.
3862 is 38.2 of the drop, 2880 seems logical as it was the big barrier level everyone was watching ahead of the nfp release...
  • #120,809
  • Nov 5, 2012 2:18pm Nov 5, 2012 2:18pm
Quoting Venice
I really don't know since I don't understand the mechanics behind it. I would say Romney is risk on... I think right now the expectation is Obama winning... so if Romney wins it could send the US$ soaring? At best though, I am just guessing.
history says the usd is stronger when a demo is in office. the second term has the greatest strength.
those who can, do. those who cant, talk about those who can
  • #120,810
  • Nov 5, 2012 2:21pm Nov 5, 2012 2:21pm
Quoting gatorinla
looks like the London open. dont worry,, after 2782 min it may break higher.. on a high bounce.. to 2811 min,, then we work on more.
2825 is 23.6 of the drop from last wednesday's swing high, also supply zone from this mornings break just ahead of the spanish employment data... fibre likes the 23.6, of course assuming no further break lower...
  • #120,811
  • Nov 5, 2012 2:29pm Nov 5, 2012 2:29pm
Quoting FibbinArchie
2825 is 23.6 of the drop from last wednesday's swing high, also supply zone from this mornings break just ahead of the spanish employment data... fibre likes the 23.6, of course assuming no further break lower...
i dont know.. 2811 is above 2806... and 2806 has a friend at 2845 with that mid at 2825.6
and after 2768 we usually bounce to 2987... anyway 2987 as a norm after 2802 break has been posted a month back. 2768 was a target then also. after the 2802 break a bounce is norm at some point. after a target like 2768 is hit we usually bounce also..
those who can, do. those who cant, talk about those who can
  • #120,812
  • Nov 5, 2012 2:29pm Nov 5, 2012 2:29pm
The H1 is currently creating HL's... with the top still in place. Kind of ascending triangle ish (can barely make it out, looks a little better on m15)... I know, I love these, always talking about them.

But until that top level goes. I won't sell here, but buying is going to be played with tight risk since it is a retrace move.
  • #120,813
  • Nov 5, 2012 2:30pm Nov 5, 2012 2:30pm
twitre twitre
  • #120,814
  • Nov 5, 2012 2:34pm Nov 5, 2012 2:34pm
Quoting gatorinla
i dont know.. 2811 is above 2806... and 2806 has a friend at 2845 with that mid at 2825.6
and after 2768 we usually bounce to 2987... anyway 2987 as a norm after 2802 break has been posted a month back. 2768 was a target then also. after the 2802 break a bounce is norm at some point. after a target like 2768 is hit we usually bounce also..
wld fkn love to see 2987...
  • #120,815
  • Nov 5, 2012 2:34pm Nov 5, 2012 2:34pm
Quoting Larseg
twitre twitre
sup mofo..
  • #120,816
  • Nov 5, 2012 2:42pm Nov 5, 2012 2:42pm
Quoting gatorinla
3046.7 is the one i had above if the current don't hold .. in the sequence 3031.8 was yesterdays.. the one above 3046.7 is 3091.6. in the sequence for 2768
sequence oct 5
those who can, do. those who cant, talk about those who can
  • #120,817
  • Nov 5, 2012 2:44pm Nov 5, 2012 2:44pm
Quoting FibbinArchie
sup mofo..

Stuck in some FB stocks, cruising over some news pages...

lots of stories after sandy...
  • #120,818
  • Nov 5, 2012 2:45pm Nov 5, 2012 2:45pm
Quoting FibbinArchie
wld fkn love to see 2987...
none this month have done the norm.... half the norm is 2894.5...

norm for 2745 is 2952 min..
2771 is a year s1.. so this 2987 norm has a good reason to be reached. but i am just guessing..
the 2745 target will void at 3023... so it could be bad azzz, when taking with all the rest..
the ypp is 35xx... the norm before going to 1.19xx posted earlier is 3596.. the current high at 3171 area is the mid point from 2771 to 35xx..
those who can, do. those who cant, talk about those who can
  • #120,819
  • Nov 5, 2012 2:50pm Nov 5, 2012 2:50pm
Quoting Larseg
Stuck in some FB stocks, cruising over some news pages...

lots of stories after sandy...
what's fb trading at?
  • #120,820
  • Nov 5, 2012 2:51pm Nov 5, 2012 2:51pm
Quoting gatorinla
none this month have done the norm.... half the norm is 2894.5...

norm for 2745 is 2952 min..
2771 is a year s1.. so this 2987 norm has a good reason to be reached. nut i am just guessing..
the 2745 target will void at 3023... so it could be bad azzz, when raking with all the rest..
looks like it's gagging for a retrace in any case...
26 traders viewing now