The Really Useless Thread | Page 6144 | 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

  • #122,861
  • Nov 17, 2012 5:46pm Nov 17, 2012 5:46pm
That fella was a funny one. He was PM'ing me a few times. Counting down how many vouches he had till he could post here. Trades I should take...that blew up in his face. I replied after a REALLY useless one with a wide stop, but he had, of course, reversed and caught the whole move.

Then the Useful thread was born. He then met my Ignore list. I wish they would put a list of which Multiple Usernames people were using when caught, because I know I'd crossed paths with the guy before...under one of the other guises...just don't know which/whom.

Anyway...never understood the Multiple Username thing. It would be funny to know who they were using to see if they were talking to "themselves" and swapping vouches. I know of another instance of Multi-Usernames...100% positive, but they don't post here (anymore)...Iggy...but I'm not a rat. Just get a fakking life, moron(s)!
  • #122,862
  • Nov 17, 2012 6:52pm Nov 17, 2012 6:52pm
Quoting cohiba pips
WELL ally i spent some time in your neck off the woods unless im mistaken ''addison ''
so when i see you post around the ldn open my thoughts have nothing but the utmost respect
for you as a trader and dedication to your charting
Quoting AllyB
i feel the love
full respec, big up to da ally b innit...

Inserted Video
  • #122,863
  • Nov 17, 2012 6:57pm Nov 17, 2012 6:57pm
Quoting Rolland
I spent a lot of time trying to find this video! Your post made me think of it, I was googling forever to find this

http://www.youtube.com/watch?feature...v=LX30rK-lCOc#!
k so now a fully paid up member of the order flow posse...
  • #122,864
  • Nov 17, 2012 6:58pm Nov 17, 2012 6:58pm
Quoting Rolland
I spent a lot of time trying to find this video! Your post made me think of it, I was googling forever to find this

http://www.youtube.com/watch?feature...v=LX30rK-lCOc#!
That's EPIC!!!

Even IF someone was trolling. Solid shit!


EDIT: Reminds me of a French (Canadian) fella I know. He sends me to ribbons when he says...

Dat der guy's good for fuck off, eh?!?



I lose my shit every time. He's dead serious...cheeks often red in rage.



(if it isn't obvious enough: That guy's good for fuck all, huh? (<--wha? right? isn't he? (<--English "proper" ))
  • #122,865
  • Nov 17, 2012 7:02pm Nov 17, 2012 7:02pm
trying to figure out which phone to get, galaxy s3 or iphone 5, or iphone 4 till 4g gets rolled out round here...

fakking nightmare, any suggestions??
  • #122,866
  • Nov 17, 2012 7:12pm Nov 17, 2012 7:12pm
Quoting FibbinArchie
trying to figure out which phone to get, galaxy s3 or iphone 5, or iphone 4 till 4g gets rolled out round here...

fakking nightmare, any suggestions??
iPhone 5S...if you can wait. Not going to be long, evidently. Shorter than a few before.

I've been on Android for long enough to know...without bias...iOS is MUCH more pleasant to use. Far less menu driven.

Not looking to start a "Mac/PC...er...Droid...blah...blah...blah...blah, blah, blah"...war. Just a personal preference, at the end of the day. Samsungs are damn fine phones. Android coming along nicely, but...Apple? Complete hardware/software integration.

There's my 2 cents. In other news...

How the fak are you?
  • #122,867
  • Nov 17, 2012 7:14pm Nov 17, 2012 7:14pm
Quoting kenfen69
That's EPIC!!!

Even IF someone was trolling. Solid shit!


EDIT: Reminds me of a French (Canadian) fella I know. He sends me to ribbons when he says...

Dat der guy's good for fuck off, eh?!?



I lose my shit every time. He's dead serious...cheeks often red in rage.



(if it isn't obvious enough: That guy's good for fuck all, huh? (<--wha? right? isn't he? (<--English "proper" ))
sup kenny, how's your month going? more or less flat over here, barely even taken a trade this week...

need to get my mojo back...
  • #122,868
  • Nov 17, 2012 7:22pm Nov 17, 2012 7:22pm
Quoting kenfen69
iPhone 5S...if you can wait. Not going to be long, evidently. Shorter than a few before.

I've been on Android for long enough to know...without bias...iOS is MUCH more pleasant to use. Far less menu driven.

Not looking to start a "Mac/PC...er...Droid...blah...blah...blah...blah, blah, blah"...war. Just a personal preference, at the end of the day. Samsungs are damn fine phones. Android coming along nicely, but...Apple? Complete hardware/software integration.

There's my 2 cents. In other news...

How the fak are you?
well only major benefit i can see is the 5 is 4g ready, but when is it going to get rolled out here? could be a month, could be 18 months... and t-mobile are doing 8gb iphone 4s for £26 a month on a 24 month contract at the moment, with 2000 minutes, unlimited texts and unlimited internet, which would more than cover my usage requirements.. it's a serious headache trying to figure it out...

yeah ok, compulsory overtime starts this week, so i'll be doing 6 days a week...

but keep looking at shit like samsung smart hd tvs and expensive trainers... wtf? i'm supposed to be ploughing it all into a trading account fund...
  • #122,869
  • Nov 17, 2012 7:26pm Nov 17, 2012 7:26pm
Quoting FibbinArchie
sup kenny, how's your month going? more or less flat over here, barely even taken a trade this week...

All good, my beautiful brother!

Life is good. Lots of to-ing and fro-ing Busy on all...MOST...fronts. My happiest way to be.

Not trading as much as I would really like, but making out just fine. Bit of manual scalping of late. Been a while, but doesn't take long to come back. Simply: Make money, or lose money! I don't enjoy it as much, because lot sizes are bigger...and I get knots in me back! Really have to watch the News calendar, because a 30-50 pip spike could be one right in the goolies. But...pays quick when you only have a key 30-60 minutes to play with.


Quoting FibbinArchie
need to get my mojo back...
You still 'ave it! It never went away!
  • #122,870
  • Nov 17, 2012 7:38pm Nov 17, 2012 7:38pm
Quoting kenfen69
All good, my beautiful brother!

Life is good. Lots of to-ing and fro-ing Busy on all...MOST...fronts. My happiest way to be.

Not trading as much as I would really like, but making out just fine. Bit of manual scalping of late. Been a while, but doesn't take long to come back. Simply: Make money, or lose money! I don't enjoy it as much, because lot sizes are bigger...and I get knots in me back! Really have to watch the News calendar, because a 30-50 pip spike could be one right in the goolies. But...pays quick when you only have a...
yeah i guess, been a crappy few weeks since sandy, eventually got in the right direction on the post obama sell off, but only after i'd tried to bottom pick the move, so ended up only recovering losses on the trade, other than that it's been slim pickings... maybe need to start studying the form on yen...

trading the london open, need to get in on that sweet spot momentum move and hold it, easy in theory, but mentally making the tansition from scalper to intraday swinger is a little harder...

well glad to hear things are going well your end brother...

work is a laugh, and they've started putting me through training courses, but pretty keen to get back to the full time trading, but like jawn said the other night, if i'm going to do it, then i'm doing it right, which means being sufficiently capitalised, i'm aiming for 1:5 leverage...
  • #122,871
  • Nov 17, 2012 7:39pm Nov 17, 2012 7:39pm
Quoting FibbinArchie
well only major benefit i can see is the 5 is 4g ready, but when is it going to get rolled out here? could be a month, could be 18 months... and t-mobile are doing 8gb iphone 4s for £26 a month on a 24 month contract at the moment, with 2000 minutes, unlimited texts and unlimited internet, which would more than cover my usage requirements.. it's a serious headache trying to figure it out...
I would go 4S then. Never buy the 3...or the 4...5. Wait for the revision (S). Meant to be some cool new tricks coming soon...5S...or whatever they call it at the time. Things that many though would have been in the 5, actually. 4S is MORE than capable for a couple of years. Let everything get established. 4S is NOT going to make you hate yer life because your mobile sux! NO way!


Quoting FibbinArchie
yeah ok, compulsory overtime starts this week, so i'll be doing 6 days a week...
Busy is good, Arch! Enjoy it while its there. If you're still happy going in...that's a LOTTA happy!


Quoting FibbinArchie
but keep looking at shit like samsung smart hd tvs and expensive trainers... wtf? i'm supposed to be ploughing it all into a trading account fund...
Its Christmas(ish)...tis the season. Take yer time before purchasing the big ones. Weigh up what you want. Close no doors...try and open more. The thought of forex may make you cringe when the next door opens! Then again...you might build yer proper stash (capital)...and come running back to forex... focused like you've never been before...and hit it out of the park. Live in the moment...and smile like you always seem to!

Advice Tank: Empty!
  • #122,872
  • Nov 17, 2012 7:48pm Nov 17, 2012 7:48pm
Quoting FibbinArchie
work is a laugh, and they've started putting me through training courses, but pretty keen to get back to the full time trading, but like jawn said the other night, if i'm going to do it, then i'm doing it right, which means being sufficiently capitalised, i'm aiming for 1:5 leverage...
You owe it to yourself!

Under capitalized? Every loss HURTS! Every win gets banked before its potential! Been there! Still do it on a couple small accounts I have.

15-18 Stone...I mean... Pounds ()...minimum! 10-12...IF...in the "zone" and focused...and a few in the bank to give yourself a head start before withdrawals need to start.

Just an opinion, though.
  • #122,873
  • Nov 17, 2012 7:53pm Nov 17, 2012 7:53pm
Quoting kenfen69
I would go 4S then. Never buy the 3...or the 4...5. Wait for the revision (S). Meant to be some cool new tricks coming soon...5S...or whatever they call it at the time. Things that many though would have been in the 5, actually. 4S is MORE than capable for a couple of years. Let everything get established. 4S is NOT going to make you hate yer life because your mobile sux! NO way!




Busy is good, Arch! Enjoy it while its there. If you're still happy going in...that's a LOTTA happy!




Its Christmas(ish)...tis the season....
all taken on board and well appreciated.. just ordered a copy of darkstars book with access to his order flow forum, so will be revising a few areas and hopefully investigating a few new ones, maybe i'll even get the confidence back to start pulling the trigger again... it used to seem so easy riding the winners, would like to get back to that state of mind... anyways, enjoy the rest of your weekend ken, will catch up with you soon...
  • #122,874
  • Nov 17, 2012 7:58pm Nov 17, 2012 7:58pm
Quoting FibbinArchie
all taken on board and well appreciated.. just ordered a copy of darkstars book with access to his order flow forum, so will be revising a few areas and hopefully investigating a few new ones, maybe i'll even get the confidence back to start pulling the trigger again... it used to seem so easy riding the winners, would like to get back to that state of mind... anyways, enjoy the rest of your weekend ken, will catch up with you soon...
Been tough to ride winners of late. Not so much choppy...just not moving as much...lower vols...more on the sidelines. Prefer that to chop-fests, though. Hopefully see some flows soon.


Arches...all the very best! Have just missed you a few times recently, and was a bit too gassed to reply knowing there wouldn't be a response forthcoming.

All the very best...and look forward to the next time.

Stay well...work hard!

Ken
  • #122,875
  • Edited 11:23pm Nov 17, 2012 11:03pm | Edited 11:23pm
Quoting kenfen69
Well then...DAY hello!

Everybody had to pick up a little bragging slack since you stopped coming around.

Stay well, Mr P. Enjoy your summer.
Still "Mastering" the trade

How to Brag Without Being Arrogant (Yes, Brag .. 9 steps!)

Inserted Video
  • #122,876
  • Nov 18, 2012 12:23am Nov 18, 2012 12:23am
dear lord
  • #122,877
  • Nov 18, 2012 1:54am Nov 18, 2012 1:54am
I always figured Piters wore his hair feathered to the left, and left the top button undone.


I kid, I kid. Fell asleep at the wheel on the kitchen iMac. Crashing...will watch in the morning, Piters...I'm sure its a beauty.







^^Uhhhhhhhhhhhh...you know.
  • #122,878
  • Nov 18, 2012 2:00am Nov 18, 2012 2:00am
Quoting kenfen69
I always figured Piters wore his hair feathered to the left, and left the top button undone.


I kid, I kid. Fell asleep at the wheel on the kitchen iMac. Crashing...will watch in the morning, Piters...I'm sure its a beauty.







^^Uhhhhhhhhhhhh...you know.
yup.. the rainbow still looks great
  • #122,879
  • Nov 18, 2012 3:32am Nov 18, 2012 3:32am
Quoting fxjawn
dear lord
praise the lord...

Inserted Video
  • #122,880
  • Nov 18, 2012 6:19am Nov 18, 2012 6:19am
Murrey Math analysis


weekly:

we got fairly strong rejection at around 4/8 pivot @ 2695 on Friday. Should price march higher, we have multiple layers of very strong resistance overhead.

2817 is the first to watch. Then 2940 to literally 3427 have been strong battle zones in the past.

A break of 2940 may lead relatively quickly to 3184. Only a break of 3184 may give way to the 40x to 45x clusterzone

A break of 2695 to the downside may open 2573 but more importantly 2451.

A loss of 2451 gives way to the support shelfs of 2329 and 2207. Loss of 2207 may lead to retest of the 1.18x low, probably a break of it.


daily

Fridays rejection from the 0/8 @ 2695 may lead now to a retest of the 2878 (3/8) to 2940 (4/8).

2817 is the 2/8 which has also be tested several times in the past. Movement may stop here, but from a Murrey Math perspective it is a rather weak resistance now on daily TF.

Definitively the better chances for shorting will occur around 2878 and later on at 2940


On the downside a break of 2695 should open the 260 area. For me out of other considerations like EW and fibs the 2605 area offers the best target for a move down. After that I would expect out of todays view some consolidation for a few days.

2634 to 2170 is a heavy battle field. Do not expect price to slide through it like a hot knife through butter :-)

To crack this layer we certainly need a lot of momentum or much time.



4h TF

2695 is the 0/8, 2817 the 4/8 pivot, 2940 the 8/8

when price breaks the 2787 resistance, 2817 is the next target. Fibs call for 2836, 2878 and finally 2927

Being below 2787 2741 to 2756 will offer a lot of resistance. So maybe we will see a retest of lower side first before further up.

Break of 2695 to the lower side will certainly cause an octave jump to open the 260x area


1h TF

2695 is 0/8, 2756 is 4/8, 2817 is 8/8

2756 may be reached easily. 2787 is the goalkeeper for more bullishness. Break of 2787 will lead to 2817 to 2833

When 2817 is reached quickly do not expect much more upside without a meaningful retracement first.

2756 to 2772 may be a good area for a short scalp.

Break of 2695 will certainly cause an octave jump and gives way to the 260x area


From an Elliott wave point of view I have no strong view for the movements from the 2659 low. So to judge this whole short term situation right now by Elliott wave is a no go for me.

Higher probability setups on 1h TF are as following:

a) sell stop at 2687 (or at retest of it from the lower side) with TP at 2665, 2634 and 2605 (SL behind 2711)

b) sell limit between 2756 and 2772 with SL above 2787 and TP 2726 and 2711

c) sell limit between 2817 and 2833 with SL above 2848 and TP 2772, 2756 and 2710, eventually let one part of the position simply run to much deeper levels around 2605



15min TF


2695 is 0/8, 2726 is 4/8 and 2756 is 8/8

Upwards movement should stall in the 2749 to 2766 (DPP) area. After that we should see a retracement towards 2756 or 2718. Should it move lower watch momentum at 2711 to 2695


5min TF

price is open to 2756 to 2764 area. After that expect at least consolidation.
18 traders viewing now