The Really Useless Thread | Page 6664 | 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

  • #133,261
  • Apr 10, 2015 1:31am Apr 10, 2015 1:31am
Quoting PayTheLimit
{quote} 177.30 a better level now... also tracking 1.0671 in the Euro for a possible bounce...
not sure for this session mate. 1.063x to 1.049x with intermediate stop at 1.058x is the intraday play in my books...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,262
  • Apr 10, 2015 1:33am Apr 10, 2015 1:33am
Quoting sisse
{quote} No surprises on the micro leg 1.058x was/is naked. Losing 1.058x in the european session will open clean sweep to the lows of the year non stop. However, 1.066x is still the only level to track for the W roll. sisse
This might be it. STaying above 1.060x aligns nicely with all the majors across the board. Major US DOllar correction about ot start
69
  • #133,263
  • Apr 10, 2015 1:38am Apr 10, 2015 1:38am
Quoting Likerty
{quote} This might be it. STaying above 1.060x aligns nicely with all the majors across the board. Major US DOllar correction about ot start
Yes but timing wise more than probably we will clean the technical levels first. Bastards are loaded from the very highs so they may as well squeeze every penny out of week before taking profits... Without any reports today and after a +/- 500 ticks ride basically technical mini play have priority until the roll today...

Let's see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,264
  • Apr 10, 2015 1:47am Apr 10, 2015 1:47am
Quoting sisse
{quote} not sure for this session mate. 1.063x to 1.049x with intermediate stop at 1.058x is the intraday play in my books... sisse
I'm tracking 1.0635 now also mate....
Look Sharp/Trade Tight
  • #133,265
  • Apr 10, 2015 1:49am Apr 10, 2015 1:49am
Quoting sisse
{quote} Yes but timing wise more than probably we will clean the technical levels first. Bastards are loaded from the very highs so they may as well squeeze every penny out of week before taking profits... Without any reports today and after a +/- 500 ticks ride basically technical mini play have priority until the roll today... Let's see sisse
True they might go for the squeeze all the way to 1.05 or lower... The momentum is there for it.
  • #133,266
  • Apr 10, 2015 2:01am Apr 10, 2015 2:01am
Important H4 close, right now, that makes the equal distant coming in at 1.04866
Attached Image
  • #133,267
  • Apr 10, 2015 2:09am Apr 10, 2015 2:09am
Quoting PayTheLimit
{quote}...also stil keeping an eye on 120.25 for a clue... edit...took a closer look, and it seems like I'd like to see a break of 120.25 before looking to commence bear operations...resistance up top looks scattered, and I cant seem to find a handle on it...
its been broken, now perhaps some resistance has developed at 120.40/51, but I doubt I will short there right now, would prefer we work a little lower, then back up...
Look Sharp/Trade Tight
  • #133,268
  • Apr 10, 2015 2:20am Apr 10, 2015 2:20am
Quoting sisse
{quote} not sure for this session mate. 1.063x [check]to 1.049x with intermediate stop at 1.058x [check] is the intraday play in my books... sisse
Done with first target at 1.058x as expected. If we don't break it quickly, session will be over till NY...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,269
  • Apr 10, 2015 3:26am Apr 10, 2015 3:26am
uh ohhhhhh

0567 is a speed bump, the biggie is 0496, last TP for me from 1.10 is there I believe- if not, it will be
  • #133,270
  • Apr 10, 2015 4:14am Apr 10, 2015 4:14am
European session completed. Nothing to see till NY. Day/week can be over in the euro rather soon if we fail to take 1.058x by the opening range.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,271
  • Apr 10, 2015 4:26am Apr 10, 2015 4:26am
Quoting sisse
European session completed. Nothing to see till NY. Day/week can be over in the euro rather soon if we fail to take 1.058x by the opening range. sisse
Do you have any thoughts on if we dont make a LL for the month? I recall you saying we should make one in this leg. What's the "plan b"?
  • #133,272
  • Apr 10, 2015 4:27am Apr 10, 2015 4:27am
Quoting PayTheLimit
{quote} took some shorts at 7714, tryin for 7654.... ps, riskin 10 on em...
done on these, and callin it a week...
Look Sharp/Trade Tight
  • #133,273
  • Apr 10, 2015 4:29am Apr 10, 2015 4:29am
Quoting PayTheLimit
{quote} done on these, and callin it a week...
good to see ya
  • #133,274
  • Apr 10, 2015 4:35am Apr 10, 2015 4:35am
Quoting PayTheLimit
{quote} done on these, and callin it a week...
Have a good one PTL.
  • #133,275
  • Apr 10, 2015 4:36am Apr 10, 2015 4:36am
Quoting sisse
{quote} not sure for this session mate. 1.063x to 1.049x with intermediate stop at 1.058x is the intraday play in my books... sisse
My rules, valid. Others I see around, not valid.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4410.jpg Size: 326 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #133,276
  • Apr 10, 2015 4:38am Apr 10, 2015 4:38am
this is day 2 Mr. Scott, I know you want to......give us some of that harmonic lovin'

edit: haha- beat me to it

edit 2: why would you not include the wick of the FOMC fu candle on that red pattern, but include them on the black? Extremes don't count? Pattern fit better?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 15 KB
  • #133,277
  • Apr 10, 2015 4:42am Apr 10, 2015 4:42am
Quoting sisse
European session completed. Nothing to see till NY. Day/week can be over in the euro rather soon if we fail to take 1.058x by the opening range. sisse
550's is next and last area for longer term bulls to play
69
  • #133,278
  • Apr 10, 2015 4:47am Apr 10, 2015 4:47am
Quoting Pharm0r
this is day 2 Mr. Scott, I know you want to......give us some of that harmonic lovin' edit: haha- beat me to it edit 2: why would you not include the wick of the FOMC fu candle on that red pattern, but include them on the black? Extremes don't count? Pattern fit better? {image}
Good question. I need close above. Don't like so much, but still valid, just won't be as precise generally.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #133,279
  • Apr 10, 2015 4:52am Apr 10, 2015 4:52am
Quoting Pharm0r
{quote} Do you have any thoughts on if we dont make a LL for the month? I recall you saying we should make one in this leg. What's the "plan b"?
What I said is that this current leg will mark the low of this month.

In my books, a candle only LL in monthly is irrelevant right now. The swing to parity was opened on January close in monthlies and reconfirmed on the Q close. Is nothing to see and no plan B in the mid term swing outlook [technically we would need 1.20xx to trigger a plan B so out of range both TA and FAwise).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,280
  • Edited 5:05am Apr 10, 2015 4:55am | Edited 5:05am
Quoting Mr. Scott
{quote} Good question. I need close above. Don't like so much, but still valid, just won't be as precise generally.
Thanks. One hell of a candle to be sure- in hindsight it looks like the smoking gun of a clear and obvious positioning by someone(s) with lots of monies. or maybe we were just lucky enough to find a spot where one or more of the central banks are sitting. Think gator mentioned it at one point "why did we stop at that price, and why the reaction after....followed by reject twice later?" kind of stuff. Fascinating- at least to me, but I'm rambling- and I love this stuff.

Love your posts- now we need to get pedro in here
239 traders viewing now