The Really Useless Thread | Page 6419 | 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

  • #128,361
  • Jan 10, 2013 7:57am Jan 10, 2013 7:57am
H1 Ichimoku is bullish and I bought GU upon support at 6039. SL at BE, TP open with partials at 6072 (taken) and 6106
  • #128,362
  • Jan 10, 2013 8:20am Jan 10, 2013 8:20am
Clearing 1.318x target before NY. Q Outlook 1st update and Daily chart update as usual.....
Quoting sisse

Quarterly Outlook Q1 2013


On the FA side:.....

  1. Quarterly: .....

    1. Rejection of swing low almost completed. The "easy" part of the move is gone. Strong 1.296x is now key support for continuation to strong 1.334x. 1.318x is momentum line to the top side to 1.334x. Only a break of this level will open 1.365x extension this Quarter in a clean fast in and out move....

  1. Monthly:

    1. Reversal from August/September completing the leg now we need to find a top. Same 1.296x fadable to [Highlight]1.318x[/highlight] and 1.334x. Above that is out of the monthly range. Nothing tradable in this timeframe to the short side. [Highlight]Only if ECB decide to cut rates will have something in play for later[/highlight]. [In play]
    2. The decent and with the trend trade comes on the break back [Highlight]1.318x[/highlight] but needs to clear ECB (no cut this month otherwise is no no)/this week to have the play this month...otherwise will be delayed for next month.[In play]

  2. Weekly:

    1. Uptrend holding and retrace wave is losing steam. Only a clean break with some FA will extend the pullback (it can extend as low as 1.268x without invalidating the uptrend). Chop looks closer than continuation but like always in trading chop zone in uptrend/dowtrend is loading time. [Highlight]1.297x [/highlight]and 1.288x key levels to track for a rejection to 1.346x max target with intermediate stops at [Highlight]1.318x[/highlight] and 1.335x [In play]

  3. Daily:

    1. Entering in consolidation mode. [Highlight]A test 1.297x and/or rejection of daily swing low at this levels open a good long swing[/highlight] to 1.347x with multiple stops in the noisy [Highlight]1.309x[/highlight], and after 1.334x. Lots of Support and noise below 1.297x until 1.288x so nothing tradable (r:r) in this chart there until a break below.[Currently in play]

  4. Intraday

    1. Bottoming after the selloff last week. [Highlight]1.300x key level for a rejection for longs. 1.297x[/highlight] naked and open for a test but untradable in my books at the current levels (1.302x) . Only early trapped bulls can trigger a run to 1.288x but the real deal is to the other side. We are set for a [Highlight]wide chop zone intraday until ECB[/highlight]. [check 99%: bottom failed by 12 ticks]

Attached Image (click to enlarge)
Click to Enlarge Name: Daily100113.png Size: 56 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #128,363
  • Jan 10, 2013 8:31am Jan 10, 2013 8:31am
Goddamn... I hate this guy from the abyss of my heart.

He's selling social genocide as god's gift to humankind in the 21st century, and doesn't even blink, when he asks, why the young unemployed idiots don't move all around the continent, only to get hired and fired elsewhere...
  • #128,364
  • Jan 10, 2013 8:43am Jan 10, 2013 8:43am
Quoting Mr Hatch
Goddamn... I hate this guy from the abyss of my heart.

He's selling social genocide as god's gift to humankind in the 21st century, and doesn't even blink, when he asks, why the young unemployed idiots don't move all around the continent, only to get hired and fired elsewhere...
He is just doing his job....

Don't blame the technocrat for the mismanagement of the politicians and the abuses of some bastards...

I guess you got stopped out from the reminder ...well it was nice trade u shouldn't complain much abut this move short term as it was widely expected....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #128,365
  • Jan 10, 2013 8:46am Jan 10, 2013 8:46am
Quoting Mr Hatch
Goddamn... I hate this guy from the abyss of my heart.

He's selling social genocide as god's gift to humankind in the 21st century, and doesn't even blink, when he asks, why the young unemployed idiots don't move all around the continent, only to get hired and fired elsewhere...


  • #128,366
  • Jan 10, 2013 9:30am Jan 10, 2013 9:30am
Quoting sisse
I guess you got stopped out from the reminder ...well it was nice trade u shouldn't complain much abut this move short term as it was widely expected....

sisse
nope, both intact.
  • #128,367
  • Jan 10, 2013 9:39am Jan 10, 2013 9:39am
[quote=Gleneagles;6352726]Morning...


I have 3074 as intraday swing level today




Managed to grab 3 dustbins

I normally skip ECB days so I am happy with meagre pickings from ADR 180 + day


Edit: 15M chart in screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_27 Jan. 10 17.32.jpg Size: 98 KB
" Never let the past hold the future to ransom "
  • #128,368
  • Jan 10, 2013 9:39am Jan 10, 2013 9:39am
Quoting PayTheLimit
last months high in the AUD is 1.0584...
seems to resist pretty well for the moment
Don't be a hero. Don't have an ego. Always question yourself
  • #128,369
  • Jan 10, 2013 9:51am Jan 10, 2013 9:51am
Quoting egkid
I been thinking about 1.2980 for some days will touch or not
depends on my math calculation No
But depends on what most traders thinking and it's my yearly pvt for 2013 it Suppose to b touched 2980

For me i believe 3025 will touch then Up move will start

This what i read on my chart but i could b wrong So let's Watch PA movie and see what will happen
3037 last move , Not bad
  • #128,370
  • Jan 10, 2013 9:57am Jan 10, 2013 9:57am
for the road sokers
Attached Image (click to enlarge)
Click to Enlarge Name: 4heur4.gif Size: 26 KB
  • #128,371
  • Jan 10, 2013 10:00am Jan 10, 2013 10:00am
Quoting USD-Bear
seems to resist pretty well for the moment
if it gives way, I'll look for shorts near 1.0685..
Look Sharp/Trade Tight
  • #128,372
  • Jan 10, 2013 10:06am Jan 10, 2013 10:06am
Quoting PayTheLimit
also might look for some shorts in sterling, but would like to see a test/hold of 6120 first...
wondering if I should still be considering it...
Look Sharp/Trade Tight
  • #128,373
  • Jan 10, 2013 10:11am Jan 10, 2013 10:11am
anyone else having problems uploading chats?
Look Sharp/Trade Tight
  • #128,374
  • Jan 10, 2013 10:20am Jan 10, 2013 10:20am
Quoting PayTheLimit
anyone else having problems uploading chats?
just a server-hickup, because FF gets flooded by all the "after-the-fact-here-I-am"-posts containing 1000s of images.
  • #128,375
  • Jan 10, 2013 10:21am Jan 10, 2013 10:21am
equitiessssssssss sokers
  • #128,376
  • Jan 10, 2013 10:23am Jan 10, 2013 10:23am
Quoting PayTheLimit
anyone else having problems uploading chats?

lube it
  • #128,377
  • Jan 10, 2013 10:27am Jan 10, 2013 10:27am
Quoting Mr Hatch
just a server-hickup, because FF gets flooded by all the "after-the-fact-here-I-am"-posts containing 1000s of images.
lol..
Look Sharp/Trade Tight
  • #128,378
  • Jan 10, 2013 10:27am Jan 10, 2013 10:27am
Quoting kill56
lube it
I did, looks like not enough
Look Sharp/Trade Tight
  • #128,379
  • Jan 10, 2013 10:35am Jan 10, 2013 10:35am
Where is that chick with the coolerbox scooter?


Day 3 of temp above 32 deg C
Attached Image
" Never let the past hold the future to ransom "
  • #128,380
  • Jan 10, 2013 10:42am Jan 10, 2013 10:42am
Quoting Gleneagles
Where is that chick with the coolerbox scooter?


Day 3 of temp above 32 deg C
no good tooo dam hot for me

here we have 0 C and white all over the country
11 traders viewing now