The Really Useless Thread | Page 6689 | 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

  • #133,761
  • Apr 16, 2015 12:21pm Apr 16, 2015 12:21pm
Quoting Magix
{quote} More of a loading opportunity...or so it seems... Where are the buyers and where are the sellers? {image}
Sexy chart, Magix!

Is there a way to make the green go inverse like that at the bottom, too? At the same time as the red, I mean.
  • #133,762
  • Apr 16, 2015 12:31pm Apr 16, 2015 12:31pm
Quoting kenfen69
{quote} Sexy chart, Magix! Is there a way to make the green go inverse like that at the bottom, too? At the same time as the red, I mean.
Keep your eye on daxy.... seems like a very high probability long set up is in the making....
  • #133,763
  • Apr 16, 2015 12:33pm Apr 16, 2015 12:33pm
Quoting kenfen69
{quote} Sexy chart, Magix! Is there a way to make the green go inverse like that at the bottom, too? At the same time as the red, I mean.
Probably...there are a couple of heatmap indies that are available, nothing in my current arsenal...

That chart was just shaded in Paint..heh.

If one was to want a better eye, using the Largetimeframe and MN would give about the same effect. Showing the Monthly Open/Closes

Check it.
Attached Image (click to enlarge)
Click to Enlarge Name: ltf1.png Size: 26 KB
Attached File(s)
File Type: zip ltf.zip   1 KB | 305 downloads
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #133,764
  • Apr 16, 2015 12:38pm Apr 16, 2015 12:38pm
Quoting kenfen69
{quote} Shame on me for getting weak! Textbook, Bear...beautifully done! Hope you got a tidy % there!
yes very rewarding trade, just should have listened to my bull-flag story which would have added another 40 pips, the break happened while sleeping....
The correct entry (with tight stop) was difficult but who cares, monitoring the market for a few hours now but can't find anything clear enough for me so taking a rest for a while.
Don't be a hero. Don't have an ego. Always question yourself
  • #133,765
  • Apr 16, 2015 12:42pm Apr 16, 2015 12:42pm
Quoting Ck87
{quote} Keep your eye on daxy.... seems like a very high probability long set up is in the making....
yes watching too, but still too weak for me, correlating with Dow and S&P500 don't trust it yet, got myself a line at 11.618 which I would trust but that's far away....
Don't be a hero. Don't have an ego. Always question yourself
  • #133,766
  • Apr 16, 2015 12:44pm Apr 16, 2015 12:44pm
Quoting Magix
{quote} I don't see any EURGBP tending towards EURO strength. I do see that it is currently thwarting with the daily trend, but has been rejected on the week. Coming into close of week and unless something fantastic happens, I don't see Euro doing any more than a relative correction. {image}
Hey Magix,

My two charts worth.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPMonthly416.jpg Size: 326 KB
Click to Enlarge Name: EURGBPH4416.jpg Size: 349 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #133,767
  • Apr 16, 2015 12:57pm Apr 16, 2015 12:57pm
Quoting USD-Bear
{quote} yes watching too, but still too weak for me, correlating with Dow and S&P500 don't trust it yet, got myself a line at 11.618 which I would trust but that's far away....
11600 11754 and 11811 are next levels I have for support if we break down further.. it has been a huge up move so certainly can't discount a big drop.
  • #133,768
  • Apr 16, 2015 1:03pm Apr 16, 2015 1:03pm
Quoting sisse
S.... On the TA side a very basic and tradable play intraday....Soft stops hanging on air at the intraday high and a run will easily propel the leg to 1.078x [check]with max extension 1.081x for today. Nothing new in the euro for now, so same plays, same trades, same all. sisse
Quoting sisse
pretty much all clear after the news. London fix will settle the day in a few in what it seems a very early day. Targets on the high naked for the intraday play and 1.071x only level
...
Clearing intraday 1.078x target in a very simple an easy day in the euro. 1.082x naked for a test. A roll above (i seriously doubt) opens clean sweep to the highs for tomorrow...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,769
  • Apr 16, 2015 1:06pm Apr 16, 2015 1:06pm
Quoting Mr. Scott
{quote} Hey Magix, My two charts worth. {image} {image}
Both looking reasonable by way of expectation to me.

Personally, I don't trade that steaming pile of shit. It typically doesn't play a wide enough range in my TFs to keep me going. And if you get caught in that motherfucker, it's like being stuck underneath your girlfriends bed, while her husband is having sex with her...ie, it's painful!

I do, like the other fella, check it out for a strength and weakness indicator for cross correlation on selecting trades, much the same as I do with USDJPY.

Check them on the day, check em on the week and it can help make sense of the rest or at least allow me to select a trade with a higher probability.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #133,770
  • Apr 16, 2015 1:09pm Apr 16, 2015 1:09pm
Quoting Magix
{quote} Both looking reasonable by way of expectation to me. Personally, I don't trade that steaming pile of shit. It typically doesn't play a wide enough range in my TFs to keep me going. And if you get caught in that motherfucker, it's like being stuck underneath your girlfriends bed, while her husband is having sex with her...ie, it's painful! I do, like the other fella, check it out for a strength and weakness indicator for cross correlation on selecting trades, much the same as I do with USDJPY. Check them on the day, check em on the week and...
I agree mostly except for maybe the colorful metaphor.

I like to think it as paint drying but some long term, larger levels appeal to me.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #133,771
  • Apr 16, 2015 1:16pm Apr 16, 2015 1:16pm
Quoting Ck87
{quote} Should go back to 7750-8000 LT
I can certainly see it. Just a little reluctant to pull any triggers at the moment while screen time is at a minimum. I prefer to sweat over each passing tick!

Thanks for the DAX heads up, too. While I agree...giz a shout at 11700 and I'll pull the trigger (while screen time is reduced).

Hope you're banking some, mate. Keep at'em!
  • #133,772
  • Apr 16, 2015 1:17pm Apr 16, 2015 1:17pm
Quoting sisse
{quote}{quote} Clearing intraday 1.078x target in a very simple an easy day in the euro. 1.082x naked for a test. A roll above (i seriously doubt) opens clean sweep to the highs for tomorrow... sisse
How do you select your support and resistance ?? your analysis is on the spot. I am eager to learn from one of the best !
  • #133,773
  • Apr 16, 2015 1:18pm Apr 16, 2015 1:18pm
Quoting Ck87
{quote} Keep your eye on daxy.... seems like a very high probability long set up is in the making....
Shite...double reminder!

One more of those and I may HAVE to pull the trigger!
  • #133,774
  • Apr 16, 2015 1:20pm Apr 16, 2015 1:20pm
Quoting Magix
{quote} Probably...there are a couple of heatmap indies that are available, nothing in my current arsenal...

That chart was just shaded in Paint..heh.
Demmit...that rings a bell now.

Thanks...nice view...previous...and current.

Cheers.
  • #133,775
  • Apr 16, 2015 1:23pm Apr 16, 2015 1:23pm
Quoting kenfen69
{quote} I can certainly see it. Just a little reluctant to pull any triggers at the moment while screen time is at a minimum. I prefer to sweat over each passing tick! Thanks for the DAX heads up, too. While I agree...giz a shout at 11700 and I'll pull the trigger (while screen time is reduced). Hope you're banking some, mate. Keep at'em!
Who knows.... All I know is it's one of the strongest trends there is and indicators work very well on strong trends usually.. Volume is very bullish on this drop. No guarantees in this business as you know, but ya I'm long DAX now and plan on adding big time for a swing trade
  • #133,776
  • Apr 16, 2015 1:23pm Apr 16, 2015 1:23pm
Quoting USD-Bear
{quote} yes very rewarding trade, just should have listened to my bull-flag story which would have added another 40 pips, the break happened while sleeping.... The correct entry (with tight stop) was difficult but who cares, monitoring the market for a few hours now but can't find anything clear enough for me so taking a rest for a while.
Tough to knock anything there, my friend!

Glad you got rewarded. I made a few, but got shook like a chump. Was a perfect setup...and the brave/confident get rewarded appropriately!

I score you...9 out of 10! Touch of room for improvement on the next peach.

Me...I'll just mimic you.

Well played, Bear!
  • #133,777
  • Apr 16, 2015 1:26pm Apr 16, 2015 1:26pm
Quoting sisse
Clearing intraday...
Sounds green to me!

Decent flows today. Wish I could've played.

Nice work, sisse!
  • #133,778
  • Apr 16, 2015 1:35pm Apr 16, 2015 1:35pm
Quoting Ck87
{quote} Who knows.... All I know is it's one of the strongest trends there is and indicators work very well on strong trends usually.. Volume is very bullish on this drop. No guarantees in this business as you know, but ya I'm long DAX now and plan on adding big time for a swing trade
Yep...I can certainly see the volume stepping in...it just looks like its being stepped on. If the volume buyers bail...there could be a nasty pocket of air. If I had more time to devote to the screen, I'd probably be in with you. But because I'm flat as (???)...I have the luxury of looking for an uber-bargain.

If I miss...price may come back for a re-check. If not...just another one that got away.

Hope you nail'em, mate!
  • #133,779
  • Apr 16, 2015 1:37pm Apr 16, 2015 1:37pm
Quoting kenfen69
{quote} Yep...I can certainly see the volume stepping in...it just looks like its being stepped on. If the volume buyers bail...there could be a nasty pocket of air. If I had more time to devote to the screen, I'd probably be in with you. But because I'm flat as (???)...I have the luxury of looking for an uber-bargain. If I miss...price may come back for a re-check. If not...just another one that got away. Hope you nail'em, mate!
Thanks,.. shorting GU up here for a swing..
  • #133,780
  • Apr 16, 2015 1:42pm Apr 16, 2015 1:42pm
Quoting sisse
{quote}{quote} Clearing intraday 1.078x target in a very simple an easy day in the euro. 1.082x naked for a test. A roll above (i seriously doubt) opens clean sweep to the highs for tomorrow... sisse
Only one word to say about your observation Awesome Thanks a lot for your time and posts
Re-Incarnated
209 traders viewing now