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The Really Useless Thread

  • #123,561
  • Nov 23, 2012 11:10am Nov 23, 2012 11:10am
Quoting kenfen69
Small one in at 04565.
Will add one more around 0465.
  • #123,562
  • Nov 23, 2012 11:11am Nov 23, 2012 11:11am
Quoting kenfen69
Nothing added since?
Not yet.
Not all sins are created equal
  • #123,563
  • Nov 23, 2012 11:11am Nov 23, 2012 11:11am
m30/h1 bearish divergence seems inevitable...
Be hopeful in a winning position, and fearful in a losing position.
  • #123,564
  • Nov 23, 2012 11:11am Nov 23, 2012 11:11am


added some @ 76


Quoting kenfen69
Sorry mate...missed this.

Yep...thinking about the same really.
  • #123,565
  • Nov 23, 2012 11:11am Nov 23, 2012 11:11am
Quoting Rag2RichesFX
true it makes more complicated, just got an m5 bullish divergence (not hidden for once)

actually happened 20 minutes ago, but stoch didnt cross until 10 minutes ago
this reminds me of one of the first fx books i read - do you know fxbootcamp? vids on youtube etc ,, they used 4 MAs , stoch and macd - i set a backtest on cable 2 hr chart and the signals worked for a year and a half - i didn't trade them though - looking back what a dummy , but knowing that certain systems have a shelf life , was worried i would catch the end of the shelf -
  • #123,566
  • Nov 23, 2012 11:13am Nov 23, 2012 11:13am
Quoting Jay Walker
Not yet.
Liking the patience.
  • #123,567
  • Nov 23, 2012 11:13am Nov 23, 2012 11:13am
Quoting kenfen69
Gold 1750 going to pop?

What a day!
Popped!
  • #123,568
  • Nov 23, 2012 11:14am Nov 23, 2012 11:14am
Quoting hkkhanus


added some @ 76
Nice catch!
  • #123,569
  • Nov 23, 2012 11:14am Nov 23, 2012 11:14am
Quoting kenfen69
I like it!

Will give it a shot.

You well? Had some bird?
Great thanks

Bird.. Prime rib and tamales

u good?.. still real busy?
  • #123,570
  • Nov 23, 2012 11:15am Nov 23, 2012 11:15am
Quoting chazzle
this reminds me of one of the first fx books i read - do you know fxbootcamp? vids on youtube etc ,, they used 4 MAs , stoch and macd - i set a backtest on cable 2 hr chart and the signals worked for a year and a half - i didn't trade them though - looking back what a dummy , but knowing that certain systems have a shelf life , was worried i would catch the end of the shelf -
no i dont know about fxbootcamp

only studying ive done on Forex is price action scalping by Bob Volman, and I read all of the baby pips as well.

in my experience no system has a shelf life

all the good emas still work, divergence still works, the ichimoku cloud works, lots of indicators been around for a while and still work


heck, even the most basic BOLLINGER BANDS... they are still very powerful.

especially when you enter with trend.
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #123,571
  • Nov 23, 2012 11:18am Nov 23, 2012 11:18am
Quoting kenfen69
Popped!
1753 is it there yet?
  • #123,572
  • Nov 23, 2012 11:21am Nov 23, 2012 11:21am
Quoting Big1red9
Great thanks

Bird.. Prime rib and tamales
Glorious!

Quoting Big1red9
u good?.. still real busy?
Doing great, too! Want to say NO, I'm not busy...but every time I have recently, the phone rings and some bastard wants to change that!

Nearly safe to say some quiet days ahead, though. Weekend and next week have nothing penciled in.
  • #123,573
  • Nov 23, 2012 11:23am Nov 23, 2012 11:23am
Quoting Rag2RichesFX
in my experience no system has a shelf life

all the good emas still work, divergence still works, the ichimoku cloud works, lots of indicators been around for a while and still work
no , I'm talking about a programmable system/EA which uses a combination of those indis to enter trades -
  • #123,574
  • Nov 23, 2012 11:23am Nov 23, 2012 11:23am
Quoting chazzle
1753 is it there yet?
On a "normal" type day, I may give it a whirl, but today...Friday as well, and time of day...think I'm going to steer clear until next week.
  • #123,575
  • Nov 23, 2012 11:24am Nov 23, 2012 11:24am
almost bought around 70 as i knew it wouldnt retrace the entire 25 pip move on its first try..

but its friday and im up 16 pips on scalping account, no need to get greedy.

edit: what do you know it surged another 15 pips..
Be hopeful in a winning position, and fearful in a losing position.
  • #123,576
  • Nov 23, 2012 11:24am Nov 23, 2012 11:24am
Quoting kenfen69
Will add one more around 0465.
Filled.
  • #123,577
  • Nov 23, 2012 11:26am Nov 23, 2012 11:26am
Added short EU at 2883. As much as I'm adding today.

Still small sizes across the board. Will hold over weekend and clean up next week if needed.
  • #123,578
  • Nov 23, 2012 11:27am Nov 23, 2012 11:27am
Quoting chazzle
no , I'm talking about a programmable system/EA which uses a combination of those indis to enter trades -
ive been looking for a master programmer for a while

i want to scalp ALL m5 hidden divergences with 1:1 leverage. 24 hours a day

the problem is, how does the EA know when the divergence is real or not? i think it would be a hard EA to code.
Be hopeful in a winning position, and fearful in a losing position.
  • #123,579
  • Nov 23, 2012 11:29am Nov 23, 2012 11:29am
Quoting chazzle
1753 is it there yet?
May dip a toe around 1758. 1773 above there.

At this point, would really rather buy a dip. Certainly won't be this week, though.
  • #123,580
  • Nov 23, 2012 11:29am Nov 23, 2012 11:29am
and i was joking earlier when i said it would hit 1.30 today..

this is nuts.

fundamentally, id rather hold euros than dollars these days as well. at least at this price.

never rule out another move to 1.40s... although first is 1.33-1.35
Be hopeful in a winning position, and fearful in a losing position.
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