The Really Useless Thread | Page 6423 | 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

  • #128,441
  • Jan 11, 2013 7:28am Jan 11, 2013 7:28am
Quoting AllyB
gleneagles positions?

i see him laying in a hammock by the pool with a beer cooler at his side and a plate of shrimp for lunch
k
  • #128,442
  • Jan 11, 2013 7:30am Jan 11, 2013 7:30am
have a great weekend, PTL...
Look Sharp/Trade Tight
  • #128,443
  • Jan 11, 2013 7:33am Jan 11, 2013 7:33am
Quoting PayTheLimit
have a great weekend, PTL...
you too PTL ... enjoy!
  • #128,444
  • Jan 11, 2013 7:41am Jan 11, 2013 7:41am
K, if we close this week in G/U below last week's open, I'm gonna add a small short on Monday.
  • #128,445
  • Jan 11, 2013 7:47am Jan 11, 2013 7:47am
Quoting Mr Hatch
K, if we close this week in G/U below last week's open, I'm gonna add a small short on Monday.
below 6160?
  • #128,446
  • Jan 11, 2013 7:50am Jan 11, 2013 7:50am
Quoting AllyB
below 6160?
I have 6175/76.
  • #128,447
  • Jan 11, 2013 7:53am Jan 11, 2013 7:53am
Quoting Mr Hatch
I have 6175/76.


chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu_w1.gif Size: 28 KB
  • #128,448
  • Jan 11, 2013 8:03am Jan 11, 2013 8:03am
Is this the new graveyard?
  • #128,449
  • Jan 11, 2013 8:27am Jan 11, 2013 8:27am
Quoting Mr Hatch
Is this the new graveyard?
is everyone still on vacation? myself, i am making a slow transition back into trading
  • #128,450
  • Jan 11, 2013 8:30am Jan 11, 2013 8:30am
Quoting AllyB
is everyone still on vacation? myself, i am making a slow transition back into trading
a quick transition, and you could ve been finished for this year already.
did anyone hear of Ken?
  • #128,451
  • Edited 8:44am Jan 11, 2013 8:31am | Edited 8:44am
Game, set and match in Monthly and intraday targets. Just Quarterly targets and final targets in Weekly and daily still open but the "easy" part of the swing is gone.

Clearing 1.334x target right on time for NY, expecting equities to close the deal this afternoon and kill the euro move for this week. Second Q outlook update ...as always daily chart update...

sisse

Quote

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. [Highlight]Monthly:[/highlight]

    1. Reversal from August/September completing the leg now we need to find a top. Same 1.296x fadable to 1.318x and [Highlight]1.334x [/highlight]. 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]
    2. The decent and with the trend trade comes on the break back 1.318x] 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. .[Check]

  2. [Highlight]Weekly: [/highlight]

    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. 1.297x and 1.288x key levels to track for a rejection. to 1.346x max target with intermediate stops .at 1.318x and [Highlight]1.335x [/highlight].[In play]

  3. Daily:

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

  4. Intraday

    1. Bottoming after the selloff last week. 1.300x key level for a rejection for longs. 1.297x 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 wide chop zone intraday until ECB. [check 99%: bottom failed by 12 ticks]

Attached Image (click to enlarge)
Click to Enlarge Name: Daily110113.png Size: 82 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #128,452
  • Jan 11, 2013 8:34am Jan 11, 2013 8:34am
Quoting AllyB
is everyone still on vacation? myself, i am making a slow transition back into trading
no miss,i have my long positions still on and they are showing about 300 green pips.i am very lucky this time to catch the move.regards
Allah has permitted trade and has forbidden interest [koran]
  • #128,453
  • Jan 11, 2013 8:39am Jan 11, 2013 8:39am
Quoting Mr Hatch
I have 6175/76.
6194 is top of kumo next but there is a good chance to overshoot; next level up is 6225.
chart: see the Resistance of lower kumo5 candles back

Quoting 2046
H1 Ichimoku is bullish and I bought GU upon support at 6039. SL at BE, TP open with partials at 6072 (taken) and 6106
+120 for remaining open postion so far.
Attached Image (click to enlarge)
Click to Enlarge Name: 130111_gu_h4_1430.gif Size: 35 KB
  • #128,454
  • Jan 11, 2013 8:44am Jan 11, 2013 8:44am
Quoting 2046
a quick transition, and you could ve been finished for this year already.
did anyone hear of Ken?
i would have wore myself out dustin yesterday

the honeymoon must not be over yet
  • #128,455
  • Jan 11, 2013 8:45am Jan 11, 2013 8:45am
Quoting sisse
Game, set and match in Monthly and intraday targets. Just Quarterly targets and final targets in Weekly and daily still open but the "easy" part of the swing is gone.

Clearing 1.334x target right on time for NY, expecting equities to close the deal this afternoon and kill the euro move for this week. Second Q outlook update ...as always daily chart update...

sisse



[*] [highlight]Monthly:[/highlight][list][*][del]Reversal from August/September completing the leg now we need to find a top. Same 1.296x fadable to 1.318x and...
nice ... thanks for sharing
  • #128,456
  • Jan 11, 2013 8:46am Jan 11, 2013 8:46am
Quoting drzakir123
no miss,i have my long positions still on and they are showing about 300 green pips.i am very lucky this time to catch the move.regards
oh yea, i saw your post yesterday. good job!
  • #128,457
  • Jan 11, 2013 8:47am Jan 11, 2013 8:47am
Quoting sisse
Game, set and match in Monthly and intraday targets. Just Quarterly targets and final targets in Weekly and daily still open but the "easy" part of the swing is gone.

Clearing 1.334x target right on time for NY, expecting equities to close the deal this afternoon and kill the euro move for this week. Second Q outlook update ...as always daily chart update...

sisse



[*] [highlight]Monthly:[/highlight][list][*][del]Reversal from August/September completing the leg now we need to find a top. Same 1.296x fadable to 1.318x...


Hehehehe........


Sisse on the roll.....
  • #128,458
  • Jan 11, 2013 8:47am Jan 11, 2013 8:47am
Quoting sisse
Game, set and match in Monthly and intraday targets. Just Quarterly targets and final targets in Weekly and daily still open but the "easy" part of the swing is gone....
good job, seņor - with recipies for every timeframe this almost reads like jaime oliver's books
  • #128,459
  • Jan 11, 2013 8:49am Jan 11, 2013 8:49am
Quoting 2046
6194 is top of kumo next but there is a good chance to overshoot; next level up is 6225.
chart: see the Resistance of lower kumo5 candles back


+120 for remaining open postion so far.
watch out your going to work yourself right out of a job because you need time to spend all that money
  • #128,460
  • Jan 11, 2013 8:50am Jan 11, 2013 8:50am
Quoting 2046
6194 is top of kumo next but there is a good chance to overshoot; next level up is 6225.
chart: see the Resistance of lower kumo5 candles back


+120 for remaining open postion so far.
I don't know anything about Ichimoku, thanks for the input. I wanna go pure PA this year.
Don't let your profits melt, we are in opposite positions right now, I'm at +195ish atm from the topside.

Interesting situation, indeed.
6 traders viewing now