The Really Useless Thread | Page 6613 | 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

  • #132,241
  • Mar 27, 2013 6:43am Mar 27, 2013 6:43am
Quoting Mr Hatch
I never know beforehand. I mentioned 3108 this morning, which I wanted as an entry. So far, the current turning point is exactly at the mid-point to it. 2778 is a big lower mofu level, and we either bounce there big(ger)-time, or we go much lower.
At the moment, I feel like the market is turning signal candles upside-down to rape us.

  • #132,242
  • Mar 27, 2013 6:43am Mar 27, 2013 6:43am
Quoting infinitus
Egkid, way too low you are looking

I see 4 bottoms above
i use 4H if 2790 close under it next 2590 so i watch 4h and today close
  • #132,243
  • Mar 27, 2013 6:45am Mar 27, 2013 6:45am
Quoting AllyB
Be patient, enjoy the weather (if any), and just as a precaution remove your 12-pip-tp
  • #132,244
  • Mar 27, 2013 6:50am Mar 27, 2013 6:50am
Quoting Mr Hatch
Be patient, enjoy the weather (if any), and just as a precaution remove your 12-pip-tp

  • #132,245
  • Mar 27, 2013 7:20am Mar 27, 2013 7:20am
nice weather if you're a polar bear...

edit- or a euro bear...

k, so not very funny...

bought 64, out for 10, need to get ready for work...

have a good one...
  • #132,246
  • Mar 27, 2013 7:21am Mar 27, 2013 7:21am
Bonus beermoney for Easter Weekend

Taking a break until my beermoney runs out

Enjoy the Easter Break

Take care all
Attached Image
" Never let the past hold the future to ransom "
  • #132,247
  • Mar 27, 2013 7:24am Mar 27, 2013 7:24am
Quoting FibbinArchie
nice weather if you're a polar bear...

edit- or a euro bear...

k, so not very funny...

bought 64, out for 10, need to get ready for work...

have a good one...
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Mar. 27 14.23.jpg Size: 59 KB
" Never let the past hold the future to ransom "
  • #132,248
  • Mar 27, 2013 7:37am Mar 27, 2013 7:37am
btw... if i ever do make it as a pro trader, then i'm just deeply gutted that my lovely mum won't be around to see it... she was the only person (not including online friends) who encouraged me to follow my dream, when everyone else was telling me i was plain crazy, throwing good money after bad... (although i never told her how much i was into it for, actually quite a shocking amount) she approved of my trading because my great grandad had been a stock market speculator and she even helped me financially through the very tough times...

gonna stop now before i start tearing up...

have a great day all, trade safe...
  • #132,249
  • Mar 27, 2013 7:44am Mar 27, 2013 7:44am
Quoting Gleneagles
Bonus beermoney for Easter Weekend

Taking a break until my beermoney runs out

Enjoy the Easter Break

Take care all

well, that ought to last you a couple days anyway

just getting going here this morning but a nice start so far

you will be missed so don't stay away too long ok
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5.gif Size: 20 KB
  • #132,250
  • Mar 27, 2013 7:44am Mar 27, 2013 7:44am
Quoting FibbinArchie
btw... if i ever do make it as a pro trader, then i'm just deeply gutted that my lovely mum won't be around to see it... she was the only person (not including online friends) who encouraged me to follow my dream, when everyone else was telling me i was plain crazy, throwing good money after bad... (although i never told her how much i was into it for, actually quite a shocking amount) she approved of my trading because my great grandad had been a stock market speculator and she even helped me financially through the very tough times...

gonna...
She won't be around, but she's with you...
  • #132,251
  • Mar 27, 2013 7:53am Mar 27, 2013 7:53am
Quoting Mr Hatch
She won't be around, but she's with you...
thanks hatches...

have a good day brother...
  • #132,252
  • Mar 27, 2013 8:59am Mar 27, 2013 8:59am
Can they push it above 2778 in 60 seconds?
  • #132,253
  • Mar 27, 2013 9:30am Mar 27, 2013 9:30am
Quoting FibbinArchie
not just dollar buying then?

shower time... have a good 'un...

edit- good shout btw...
Pedators & elephant syndicates employ various tricks of the trade to take out certain levels or put in tops & bottoms besides traditional buying or selling the dollar against the pair of interest.. depending on the urgency to finish the job & market liquidity for the pair, they could expend relentless bid & offer pressure on the pair of interest with backing from a strong ammo depot (recent Cable run).. or they may have to be more creative via the inter-market route by exerting pressure on the pair of interest while massaging correlated instruments & Crosses in unison.. After the job is done, the dilemma is how to quitely take mega profit without leaving truck loads behind in alerting the sharks & other camp during strong counter moves.. There's no democracy in this FX cesspool.. it's the size of the deal that count..

Good to see you cheerish those fond memories of your mum..
  • #132,254
  • Mar 27, 2013 12:08pm Mar 27, 2013 12:08pm
Quoting cdndollar
Pedators & elephant syndicates employ various tricks of the trade to take out certain levels or put in tops & bottoms besides traditional buying or selling the dollar against the pair of interest.. depending on the urgency to finish the job & market liquidity for the pair, they could expend relentless bid & offer pressure on the pair of interest with backing from a strong ammo depot (recent Cable run).. or they may have to be more creative via the inter-market route by exerting pressure on the pair of interest while massaging correlated instruments...
W Shape always been strong ,I will take my chance with it
Long@2790 still in play
  • #132,255
  • Mar 27, 2013 12:54pm Mar 27, 2013 12:54pm
Quoting Mr Hatch
not a good cross to the downside atm...

edit: I got a conflicting candle opening price for today's Franky-candle. One says its high is at 2852, one 2851.9 and one says 2850... which makes a huge difference concerning the mofu-cross.
2775 hit
those who can, do. those who cant, talk about those who can
  • #132,256
  • Mar 27, 2013 1:04pm Mar 27, 2013 1:04pm
eu looks like its going to 2816 min and ej 121.32
i got some mud bugs waiting that are not gonna eat themselves. later
those who can, do. those who cant, talk about those who can
  • #132,257
  • Mar 27, 2013 4:48pm Mar 27, 2013 4:48pm
Quoting gatorinla
2775 hit
I have 2778 as the lm towards 2043 and 2776 a 3/4-mid towards the shorter term 2709.
I know you mentioned something in the lower 26xx's, where I have 2680 and 2606.
  • #132,258
  • Mar 27, 2013 5:52pm Mar 27, 2013 5:52pm
Gonna catch some sleep, tomorrow I'll rant a bit about the G/U.
526x is what I have, charts are closed already, before we head for a LL.
  • #132,259
  • Mar 27, 2013 10:02pm Mar 27, 2013 10:02pm
Quoting egkid
W Shape always been strong ,I will take my chance with it
Long@2790 still in play
May be some M/T elephants are waiting for the fiscal year end flow confirmation from Japanese exporters here before coming out of the closet.. so whether this probe below 1.28 is just a "W" under-shoot or en route to the sub 1.2650 abyess may be resolved as we approach Monday's April Fool day.. LOL
Potential inter-market scenario: Japanese exporters close the fiscal year buying Yen & Majors vs the Dollar & Yen.. Cable, Euro & Gold rise against the Dollar & Yen setting off a round of short covering across the board..

Attached Image (click to enlarge)
Click to Enlarge Name: Euro CFTC COT-20130319-4 years 2.png Size: 679 KB


COT Open Interest suggest Smart Money didn't participate in the recent move.. the decline from 1.37 may had been exaggrated with SM covering their profits as suggested by the drop in OI since 1.37..
  • #132,260
  • Mar 29, 2013 1:30am Mar 29, 2013 1:30am
Quoting cdndollar
May be some M/T elephants are waiting for the fiscal year end flow confirmation from Japanese exporters here before coming out of the closet.. so whether this probe below 1.28 is just a "W" under-shoot or en route to the sub 1.2650 abyess may be resolved as we approach Monday's April Fool day.. LOL
Potential inter-market scenario: Japanese exporters close the fiscal year buying Yen & Majors vs the Dollar & Yen.. Cable, Euro & Gold rise against the Dollar & Yen setting off a round of short covering across the board..

Attachment ...
I'm with you on this one cdn, 2790 long with tite stop, let see....good luck
The Chonchy
13 traders viewing now