The Really Useless Thread | Page 6744 | 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

  • #134,861
  • May 12, 2015 2:51am May 12, 2015 2:51am
Quoting Lavanda
{quote} Can you explain your estrategy with EU LINKED WITH USDIX? Do you wait for a resistance/Ssupport at USDINX to trade EU?
Yes I prefer the USD levels way above the EU levels or EUR levels
Fine-tuning with relative strength/weakness of EUR and USD
Don't be a hero. Don't have an ego. Always question yourself
  • #134,862
  • May 12, 2015 3:59am May 12, 2015 3:59am
ok who saved the EU last night?
  • #134,863
  • May 12, 2015 4:22am May 12, 2015 4:22am
Quoting sisse
Weak short hands cleaned in the opening range and with a very light agenda today that was pretty much it. 1.118x confirmed as a flip zone for the rest of the week and now is momentum line to 1.098x. To the other side, the breach back up of 1.120x unlocked a test of 1.128x / 1.130x intraday. Nothing to see, same levels, same trades, same all... sisse
Very basic session completed as expected after testing the never ending 1.127x and is aligning for a copy/paste session for NY. Nothing to see until the open.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,864
  • May 12, 2015 4:26am May 12, 2015 4:26am
Quoting Pharm0r
ok who saved the EU last night?
Dudley from FED during European morning
  • #134,865
  • May 12, 2015 4:30am May 12, 2015 4:30am
Quoting Pharm0r
ok who saved the EU last night?
I don't think anybody is saving anything. First, dollar is in the driver sit not euro (check dollar chart at these levels as was very cleared posted by US-Bear before) and second and more importanly major mid term swings are in play at these levels across main markets (RMT knocking doors)...

In simple words, is not about risk of euro going down, is about dollar exploding to the upside.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,866
  • May 12, 2015 4:35am May 12, 2015 4:35am
Quoting sisse
{quote} I don't think anybody is saving anything. First, dollar is in the driver sit not euro (check dollar chart at these levels as was very cleared posted by US-Bear before) and second and more importanly major mid term swings are in play at these levels across main markets (RTM knocking doors)... In simple words, is not about risk of euro going down, is about dollar exploding to the upside. sisse


Not at the charts this morning, was sitting in my comfy seat watching the $ grow- then got a 3am alert that my "oh shit" stop had been taken for +60 pips.

Bastards.

I smell what you're stepping in already. Smallest of shorts again based on USD bear's chart and charts posted here from myself, misspips, magix, scott and your analysis etc. Not quite flying blind...

Really liking Bear's USDx charts.

This is why posting what we do plus charts in this thread is important... talk about a think-tank. Much easier to see the whole-picture as opposed to one's specific way of trading. Easy to get tunnel vision that way..
  • #134,867
  • May 12, 2015 4:42am May 12, 2015 4:42am
Quoting Pharm0r
{quote} Not at the charts this morning, was sitting in my comfy seat watching the $ grow- then got a 3am alert that my "oh shit" stop had been taken for +60 pips. Bastards. I smell what you're stepping in already. Smallest of shorts again based on USD bear's chart and charts posted here from myself, misspips, magix, scott and your analysis etc. Not quite flying blind... Really liking Bear's USDx charts. This is why posting what we do plus charts in this thread is important... talk about a think-tank. Much easier to see the whole-picture...
Try harder to convince him to post charts
  • #134,868
  • May 12, 2015 4:45am May 12, 2015 4:45am
Speaking of which

WTF EU/GBP- MAKE UP YOUR MIND

Quoting Rockerzeus
{quote} Try harder to convince him to post charts
hahaha you caught that subtle hint?

of course you did!
  • #134,869
  • May 12, 2015 5:02am May 12, 2015 5:02am
Quoting Rockerzeus
{quote} Try harder to convince him to post charts
oh no ...that is for the super privilege mega uber private followers after paying the pay per trade fee... je je je ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,870
  • May 12, 2015 5:08am May 12, 2015 5:08am
Quoting sisse
{quote} oh no ...that is for the super privilege mega uber private followers after paying the pay per trade fee... je je je ... sisse
LOL, Once in a while quarterly may help a lot actually
  • #134,871
  • May 12, 2015 5:57am May 12, 2015 5:57am
Here we go for NY. Copy/Paste session (tradable intraday) in the making after London goes home with 1.121x as a base for a new test 1.128x and if enough sellers are still trapped (hope not you Rockerzeus) a nice extension to 1.135x to clean all weak intraday hands before the european numbers tomorrow...

GL all trading or planning to trade the swing and also those trading the juicy intraday mini legs on the wide range....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,872
  • May 12, 2015 6:23am May 12, 2015 6:23am
Quoting sisse
Here we go for NY. Copy/Paste session (tradable intraday) in the making after London goes home with 1.121x as a base for a new test 1.128x and if enough sellers are still trapped (hope not you Rockerzeus) a nice extension to 1.135x to clean all weak intraday hands before the european numbers tomorrow... GL all trading or planning to trade the swing and also those trading the juicy intraday mini legs on the wide range.... sisse
I still hold 1.1282 and 1.1340. 1.1262 closed with small profit. SL are in place at BE.
  • #134,873
  • May 12, 2015 6:55am May 12, 2015 6:55am
6 mins until 50% of the 4 hour, hammer on last 4H - at resistance....already a LL printed with current

for those that believe in shampoo- if this isnt the making of the right shoulder...it's a pretty good fake out

Remember, it isn't shampoo until the neckline is broken..
  • #134,874
  • Edited 8:38am May 12, 2015 7:02am | Edited 8:38am
If we close below 1236 1225in 2 hours, bears will probably visit 1140s again
  • #134,875
  • May 12, 2015 7:16am May 12, 2015 7:16am
Quoting Pharm0r
6 mins until 50% of the 4 hour, hammer on last 4H - at resistance....already a LL printed with current for those that believe in shampoo- if this isnt the making of the right shoulder...it's a pretty good fake out Remember, it isn't shampoo until the neckline is broken..

Is the last 4H an inverted hammer or shooting star? I think it is a shooting star...A shooting star appears after a rally, and by itself it is usually not a major reversal signal, waiting for comfirmation. But it did close under the resistance...so more bearish.
  • #134,876
  • May 12, 2015 8:14am May 12, 2015 8:14am
Quoting Shunyi
{quote} Is the last 4H an inverted hammer or shooting star? I think it is a shooting star...A shooting star appears after a rally, and by itself it is usually not a major reversal signal, waiting for comfirmation. But it did close under the resistance...so more bearish.
same thing hammer, shooting star, fucking unicorn horn, mosquito face, whatever.
  • #134,877
  • May 12, 2015 8:37am May 12, 2015 8:37am
Would like to see the last 15 min candle attack and close 1225, earlier was a typo

Obvious moves like that on the important closes are usually indicative of the future.

for example, last 4 hours have just dicked around and only tested 25 twice never closing on the hourly, but the last 5-15 minutes making a 4 hour close below it would be indicative of someone intentionally printing that pattern. A smoking gun so to speak

Watch the 15 min you'll see the fight if there is one. Doesn't mean trade it- means watch it

another would be to watch bears defend bulls for a 4 hour doji. Often those happen at the last few seconds

Perhaps I'm crazy and it's all just random.
  • #134,878
  • May 12, 2015 9:02am May 12, 2015 9:02am
meh. not what I was looking for- which was bears on the offensive. Wouldn't be surprised if I lose these
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 38 KB
  • #134,879
  • May 12, 2015 10:28am May 12, 2015 10:28am
Quoting sisse
Here we go for NY. Copy/Paste session (tradable intraday) in the making after London goes home with 1.121x as a base for a new test 1.128x and if enough sellers are still trapped (hope not you Rockerzeus) a nice extension to 1.135x to clean all weak intraday hands before the european numbers tomorrow... GL all trading or planning to trade the swing and also those trading the juicy intraday mini legs on the wide range.... sisse
Europe went home in a very dull session that got constrain to a tiny intraday range without properly testing neither the top 1.128x or the 1.121x bottom (by a couple of ticks in both sides) making the session pretty much irrelevant.

Now without London we can settle for the play and the roll until tomorrow european numbers.... Without further surprises, day is pretty much over in the euro with 1.120x as only level to track for the roll....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,880
  • May 12, 2015 12:52pm May 12, 2015 12:52pm
Euro aligning for a fairly bullish close before key mover and shakers for tomorrow that include super fresh and key Euro macro numbers and the second round of fresh numbers in the US.

Boards and threads are extremely calm the last 2 days pointing to imminent major action coming for this week (when retail is quiet ... ).

A good macro Euro numbers with an inline combo in the US tomorrow will put in the highs (lots of sitting ducks now there) and delay the swing play for at least one more week (it will match the expectations since last week of April that the main macro movers will come mid/late May) and will open the major exhaustion leg that can extend as high as 1.150x handle in a quick in and out to clean the board....

Any other combination will leave us in the wide chop zone intraday until further data....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
116 traders viewing now