The Really Useless Thread | Page 6120 | 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

  • #122,381
  • Nov 14, 2012 1:26pm Nov 14, 2012 1:26pm
Quoting Venice
Aye. I never actually got a close to consider it a breakout... heh. Pop up and rejection. I need a close to consider the breakout, then buy at demand. Tracking 15m right now... still uptrending clusters... lets see what this dumb thing wants to do now.
trust me. closes have their place.. just not always
those who can, do. those who cant, talk about those who can
  • #122,382
  • Nov 14, 2012 1:29pm Nov 14, 2012 1:29pm
now hopefully 39 or less before 84.. then on guard after 84 for 2711 area (unknown area yet)
those who can, do. those who cant, talk about those who can
  • #122,383
  • Nov 14, 2012 1:35pm Nov 14, 2012 1:35pm
Quoting gatorinla
trust me. closes have their place.. just not always
I know. My w/l on my account tells me that story. It's always the fakeys that get me. But the bottom that falls through will end up turning a d > s or s > d, so it's just a new place to trade from. I take my loss, and go from there.

I trade more based on order flow than derived numbers (fibs, MM etc). Then again, those break out closes have the ability to get you in at those HH > LL situations as well... multiple ways to play it g man.
  • #122,384
  • Nov 14, 2012 1:41pm Nov 14, 2012 1:41pm
Quoting Big1red9
Link to article.

http://tradeforex4freedom.com/the-us...-dollar-index/
very nice read Big1, thanks very much
Don't be a hero. Don't have an ego. Always question yourself
  • #122,385
  • Nov 14, 2012 1:59pm Nov 14, 2012 1:59pm
Quoting Venice
I know. My w/l on my account tells me that story. It's always the fakeys that get me. But the bottom that falls through will end up turning a d > s or s > d, so it's just a new place to trade from. I take my loss, and go from there.

I trade more based on order flow than derived numbers (fibs, MM etc). Then again, those break out closes have the ability to get you in at those HH > LL situations as well... multiple ways to play it g man.
there is. and i may be wrong. candle trades are fine.. but s/r in the direction of the trade has always to be considered.. the same ones i already posted .. i am buying at some point at weakness.. 2723/39 is where i look.. and after 84 its norm to go to 2711 at some point..(still unknown area)
those who can, do. those who cant, talk about those who can
  • #122,386
  • Nov 14, 2012 2:03pm Nov 14, 2012 2:03pm
the h closed with a beautiful bearish candle.. a candle just cant say how deep.. as long as 22 untouched is there 84 is the target. if wrong then 2711 or more is probably the retrace regardless of bears or bulls.. both will want this..
those who can, do. those who cant, talk about those who can
  • #122,387
  • Nov 14, 2012 2:05pm Nov 14, 2012 2:05pm

Quoting USD-Bear
very nice read Big1, thanks very much
  • #122,388
  • Nov 14, 2012 2:09pm Nov 14, 2012 2:09pm
Quoting gatorinla
nice... what will 71/72 say now. 84 untouched still.. 39 now is norm
norm done
look 4 bear weakness 23/39
those who can, do. those who cant, talk about those who can
  • #122,389
  • Nov 14, 2012 3:00pm Nov 14, 2012 3:00pm
2732 may be it.. usdx pegged against r atm...
those who can, do. those who cant, talk about those who can
  • #122,390
  • Nov 14, 2012 3:06pm Nov 14, 2012 3:06pm
Free until 10090 here, but strange things can happen these days......

USDOLLAR D1
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0042.jpg Size: 107 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #122,391
  • Nov 14, 2012 3:09pm Nov 14, 2012 3:09pm
34 was the best i could do.. L 34.. stops below 23.. and tight.. if we roll the day first, then 84.. the pullback expected after 84 may not be to 2711. that's a unknown since we dont know. if she will bounce at 84, or not yet. or go a bunch higher with a new day adr.. .. whether 2732 is the st bottom or not is not known.. there is wiggle room..
those who can, do. those who cant, talk about those who can
  • #122,392
  • Nov 14, 2012 3:13pm Nov 14, 2012 3:13pm
Quoting USD-Bear
Free until 10090 here, but strange things can happen these days......

USDOLLAR D1
Attachment
place a tl on those recent tops... and its a reversal wedge.
those who can, do. those who cant, talk about those who can
  • #122,393
  • Nov 14, 2012 3:19pm Nov 14, 2012 3:19pm
Quoting gatorinla
place a tl on those recent tops... and its a reversal wedge.
see what you mean, but anything but levels are un-important in USDX/USDOLLAR at least that's my experience looking a lot at them.
Yes I draw TL's but only because we are accustomed to them, best not draw them at all
Don't be a hero. Don't have an ego. Always question yourself
  • #122,394
  • Nov 14, 2012 3:34pm Nov 14, 2012 3:34pm
Quoting USD-Bear
see what you mean, but anything but levels are un-important in USDX/USDOLLAR at least that's my experience looking a lot at them.
Yes I draw TL's but only because we are accustomed to them, best not draw them at all
i am risking 14 pips to make 50... that kinda sucks.. unless it runs..
this thing is designed to screw the most.. that red candle.. may screw me.. the flow is telling me different.
those who can, do. those who cant, talk about those who can
  • #122,395
  • Nov 14, 2012 3:34pm Nov 14, 2012 3:34pm
for those interested in volume relations:

USDOLLAR D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0043.jpg Size: 128 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #122,396
  • Nov 14, 2012 3:36pm Nov 14, 2012 3:36pm
Quoting gatorinla
i am risking 14 pips to make 50... that kinda sucks.. unless it runs..
you're just bloody spoiled with your trades, would be nice rr for me
Don't be a hero. Don't have an ego. Always question yourself
  • #122,397
  • Nov 14, 2012 3:36pm Nov 14, 2012 3:36pm
Quoting USD-Bear
for those interested in volume relations:

USDOLLAR D1:
Attachment
holy crap... ???

Now the question is... is that defenders for the trend, or direction changers??
  • #122,398
  • Nov 14, 2012 3:38pm Nov 14, 2012 3:38pm
down boy, down!
Attached Image (click to enlarge)
Click to Enlarge Name: Forex.jpg Size: 43 KB
dreams do come true.
  • #122,399
  • Nov 14, 2012 3:40pm Nov 14, 2012 3:40pm
dont u stray from that path, boy!
Attached Image (click to enlarge)
Click to Enlarge Name: Forex.jpg Size: 49 KB
dreams do come true.
  • #122,400
  • Nov 14, 2012 3:46pm Nov 14, 2012 3:46pm
Quoting Venice
holy crap... ???

Now the question is... is that defenders for the trend, or direction changers??
not a guru on this but:
1. high volume at resistance indicates the importance of it.
2. high volume at the break and closing next day above previous day close is bullish (in this example)
Only problem is the abnormal EU movement compared to index-movement (normally corrected one way or the other)
Don't be a hero. Don't have an ego. Always question yourself
16 traders viewing now