The Really Useless Thread | Page 6717 | 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

  • #134,321
  • Apr 28, 2015 2:13pm Apr 28, 2015 2:13pm
Quoting darimik
PTL, even though you didnt get your bid, that was a great call..
thanks bro, but now what...still looks bullish to me, cross the board...I might entertain longs in cable near 1.5219/22 now, but maybe 1.5165 might be better...not seeing anything else close...what you got going?
Look Sharp/Trade Tight
  • #134,322
  • Apr 28, 2015 2:26pm Apr 28, 2015 2:26pm
Quoting PayTheLimit
{quote} thanks bro, but now what...still looks bullish to me, cross the board...I might entertain longs in cable near 1.5219/22 now, but maybe 1.5165 might be better...not seeing anything else close...what you got going?
i am opposite.. I am taking any opportunity to see if I can get in on the sell. if I am right I will ride this laughing, but if I am wrong then I will have to reconsider how much longer they can postpone the hikes and take a hit... not only on the euro.. the risk is obvious as the us data has been getting hit over and over again lately.
  • #134,323
  • Apr 28, 2015 3:52pm Apr 28, 2015 3:52pm
Quoting sisse
well here we go for the only pre FED positioning chance....A miss open exhaustion move intraday with the 1.10xx handle as a stealth resistance until tomorrow for a roll around the handle.
As suspected 1.100x held the bad news before the FOMC and we just chopped around around 1.097x since then.

Quoting darimik
tomorrow is an exciting day and of course the eur will sleep soon until the fomc. i have nothing really to track other than the fomc top 1.1040. scalping off the intraday top here 1.0890 to see if we drift down to have some sort of position going pre fomc. other than I expect this will be really dull
Indeed map is getting very clear now. I also got 1.088x naked for tomorrow and the bottom of the FOMC range 1.078x WIDE open for a possible monthly roll depending on the FED.

As you said a slow and dull drift down on air seems to be the move until NY takes the lead with those advanced GDP numbers that can put the nail on the coffin on the bad US numbers ...

We'll see but active days and week expected with the monthly/weekly roll in play and with europe closing shop on Thursday until Tuesday for holidays....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,324
  • Apr 28, 2015 7:59pm Apr 28, 2015 7:59pm
and a new HH on GBP...shit is on steroids. Been leading the pack since last week..
  • #134,325
  • Edited 1:14am Apr 29, 2015 12:55am | Edited 1:14am
Quoting PayTheLimit
{quote} ...I might entertain longs in cable near 1.5219/22 now
gonna lay some bids in at 1.5219 today...not working anything else...gl

ps, might be some R at 1.5440, but I'm not picking the top...

pss, still support in euro/dollar at 1.0847/9...
Look Sharp/Trade Tight
  • #134,326
  • Apr 29, 2015 3:02am Apr 29, 2015 3:02am
maybe some R at 1.1017 perhaps....but again, not picking the top...I wait..
Look Sharp/Trade Tight
  • #134,327
  • Apr 29, 2015 3:09am Apr 29, 2015 3:09am
Quoting primejarvis
my targets On the long side ; 1st target : .094x (fulfilled), if breached -------------- > 1.104x 2nd target on the way .... S/o at breakeven ,..... :nerd:
However i am still not in a trade .... but reaching the targets is a goal .....
Re-Incarnated
  • #134,328
  • Apr 29, 2015 3:41am Apr 29, 2015 3:41am
Quoting PayTheLimit
maybe some R at 1.1017 perhaps....but again, not picking the top...I wait..
...we are almost there...for what it looks like, a few more hours and we can get back trading the euro (..je je je ), the easiest and cleanest ride up in the last leg but reading from the threads very few (if any) ride it the whole way ....

In any case, expecting nothingness in the session until the news to start the week and "unofficially" the next month. On the euro, nothing new until then. 1.100x strong resistance with micro flip zone 1.097x for the floor 1.088x and strong support on the low of the FOMC range (1.078x) both open. For both sides nothing to see until the news and later the FED....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,329
  • Apr 29, 2015 4:38am Apr 29, 2015 4:38am
Quoting primejarvis
{quote} However i am still not in a trade .... but reaching the targets is a goal .....
Would having ridden the pig have made you nervous holding the trade?
  • #134,330
  • Apr 29, 2015 4:45am Apr 29, 2015 4:45am
Quoting Mr Hatch
{quote} Would having ridden the pig have made you nervous holding the trade?
quite a little ....
Re-Incarnated
  • #134,331
  • Apr 29, 2015 4:54am Apr 29, 2015 4:54am
Quoting primejarvis
{quote} quite a little ....
hm... okay. And what are you thinking about doing now, if you look at an H4-chart?
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.JPG Size: 94 KB
  • #134,332
  • Apr 29, 2015 5:15am Apr 29, 2015 5:15am
Quoting Mr Hatch
{quote} hm... okay. And what are you thinking about doing now, if you look at an H4-chart? {image}
1.102x till 1.104x is a sell zone for me .... With a target of 1.045x ... What's your plan ?
Theoretically what we all learnt in books is that pa will test the resistance 3 times before breaching ... But the major s/r from the high of 2014 was breached as if its not there ... So I have pending lots sitting somewhere in between the sell zone without s/l and t/p
Re-Incarnated
  • #134,333
  • Apr 29, 2015 5:37am Apr 29, 2015 5:37am
Quoting Mr Hatch
{quote} hm... okay. And what are you thinking about doing now, if you look at an H4-chart? {image}
Umm.... Waiting for the bastards to use the Fed to spike it above all those yummy stops and then sell it off?
(especially if the Fed is wishy-washy about when the rate hike will be).
  • #134,334
  • Apr 29, 2015 5:37am Apr 29, 2015 5:37am
whats beyond this zone up here if the bastards take it up...1.1212?
Look Sharp/Trade Tight
  • #134,335
  • Apr 29, 2015 5:38am Apr 29, 2015 5:38am
Quoting MissPips
{quote} Umm.... Waiting for the bastards to use the Fed to spike it above all those yummy stops and then sell it off?
what if everyone is waiting for the bastards to do that?


Look Sharp/Trade Tight
  • #134,336
  • Apr 29, 2015 5:44am Apr 29, 2015 5:44am
Quoting MissPips
{quote} Umm.... Waiting for the bastards to use the Fed to spike it above all those yummy stops and then sell it off? (especially if the Fed is wishy-washy about when the rate hike will be).
ding ding ding

ATR 1071, right at a small little pocket of resistance from 3/4/15
  • #134,337
  • Apr 29, 2015 5:54am Apr 29, 2015 5:54am
Quoting PayTheLimit
whats beyond this zone up here if the bastards take it up...1.1212?
This is what I have. There's a monthly mid at 1284 that ought to hold for a good scalp if it gets there.
Attached Image (click to enlarge)
Click to Enlarge Name: royally.jpg Size: 731 KB
  • #134,338
  • Apr 29, 2015 6:00am Apr 29, 2015 6:00am
Quoting PayTheLimit
{quote} what if everyone is waiting for the bastards to do that?
Everyone probably is. They do it so often. If they don't then Hatch and Gator will make money. Me, I can't bring myself to just place an order like they do without looking at the PA in the zone first.
  • #134,339
  • Apr 29, 2015 6:02am Apr 29, 2015 6:02am
Quoting PayTheLimit
{quote} what if everyone is waiting for the bastards to do that?
lol, not everyone can be that smart
Don't be a hero. Don't have an ego. Always question yourself
  • #134,340
  • Apr 29, 2015 6:04am Apr 29, 2015 6:04am
Quoting Pharm0r
{quote} ding ding ding ATR 1071, right at a small little pocket of resistance from 3/4/15
I have the same for the ADR high, but I don't think it has much bearing on a Fed day.
30 traders viewing now