The Really Useless Thread | Page 6771 | 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

  • #135,401
  • Jun 1, 2015 10:21am Jun 1, 2015 10:21am
Quoting hathor
Well..after M15 and M30 AB=CD completed: {image} {image} it's time to change time frame: {image} But don't forget, on weekly there is still room under current bottom. Time will tell, as usual. (Sorry for the ugly structure, what looks nice on weekly, looks ugly on lower TF and vice versa.)
Attached Image (click to enlarge)
Click to Enlarge Name: 06_01_EurUsd_M30.png Size: 26 KB
f(z)=z2+c
  • #135,402
  • Jun 1, 2015 12:09pm Jun 1, 2015 12:09pm
Quoting kenfen69
{quote} Agree though? You don't have to. I trust your judgement. 100%
man i haven't heard from you in a while. it has me worried. i told you if the dripp didnt stop you should see the doctor. they can cure that with antibiotics and a mallet. i hope all is well. if you dont want to see doc. u can self cure with a syringe, wire coat hanger and some mercury,
those who can, do. those who cant, talk about those who can
  • #135,403
  • Jun 1, 2015 12:13pm Jun 1, 2015 12:13pm
Quoting gatorinla
{quote} man i haven't heard from you in a while. it has me worried. i told you if the dripp didnt stop you should see the doctor. they can cure that with antibiotics and a mallet. i hope all is well. if you dont want to see doc. u can self cure with a syringe, wire coat hanger and some mercury,
unfortunately neither of them have been around for some time.
  • #135,404
  • Jun 1, 2015 12:30pm Jun 1, 2015 12:30pm
Last Signals:
On Monthly I'v got unconfirmed buy signal, but conditions shows possible up move.
On Weekly I've got a confirmed buy signal and current one is an unconfirmed buy also.
On Daily 25th, 26th and 27th of May were buy.
On H4 last signal was sell at ~ 1.095xx.
f(z)=z2+c
  • #135,405
  • Jun 1, 2015 12:41pm Jun 1, 2015 12:41pm
Quoting sisse
{quote} Watch out in the next 2 weeks you get too focus in micro TFs. My 2 cents, we are in mayor leauges mode until June fed so lots of chop in micro TFS with major quick and fast moves with rates...sisse
f(z)=z2+c
  • #135,406
  • Jun 2, 2015 1:37am Jun 2, 2015 1:37am
Quoting hathor
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 06_02_EurUsd_M30.png Size: 28 KB

Attachment
f(z)=z2+c
  • #135,407
  • Jun 2, 2015 1:47am Jun 2, 2015 1:47am
Hathor,

Would this be a correct understanding of how you project targets and where to enter with your experimental ab=cd?
Attached Image (click to enlarge)
Click to Enlarge Name: abcd.jpg Size: 343 KB
  • #135,408
  • Jun 2, 2015 2:06am Jun 2, 2015 2:06am
Quoting MissPips
Hathor, Would this be a correct understanding of how you project targets and where to enter with your experimental ab=cd? {image}
Well..there are AB=CD's both direction all the time, so need other analysis to decide which way the pair will move with bigger probability.
In my opinion, from current top there were a smaller AB=DC, which built a new AB on higher TF.
If the pair will go down, than I would wait something like this:
Attached Image (click to enlarge)
Click to Enlarge Name: 06_02_EurUsd_H1_Down.png Size: 34 KB

PS: but while I'm writing this, it moved up more...I think there is a good chance to complete rather the buy AB=CD, but time will tell.
f(z)=z2+c
  • #135,409
  • Edited 5:22am Jun 2, 2015 4:22am | Edited 5:22am
Quoting MissPips
{quote} True. On the weekly I'm looking at this though, expecting a third test of the trendline {image}
Still watching this. I think it 'should' take out the last high at 1465 and also that it 'should' try to touch the lower trendline before it does . I'm going to be really surprised if it doesn't do both. Second screenshot is very experimental hypothesis about how we might get there. Price turning at capital C would put us too far down, too fast for current conditions IMHO. Ergo, turn at small c. No proof whatsoever, just a conjecture, so don't use it to trade without appropriate signals from PA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: triangle.jpg Size: 604 KB
Click to Enlarge Name: triangle2.jpg Size: 385 KB
  • #135,410
  • Jun 2, 2015 5:26am Jun 2, 2015 5:26am
Quoting hathor
Well..after M15 and M30 AB=CD completed: {image} {image} it's time to change time frame: {image} But don't forget, on weekly there is still room under current bottom. Time will tell, as usual. (Sorry for the ugly structure, what looks nice on weekly, looks ugly on lower TF and vice versa.)
Attached Image (click to enlarge)
Click to Enlarge Name: 06_01_EurUsd_H4.png Size: 25 KB
f(z)=z2+c
  • #135,411
  • Jun 2, 2015 8:09am Jun 2, 2015 8:09am
Quoting hathor
{quote} {image}
Holy...oh my...kamoob.
f(z)=z2+c
  • #135,412
  • Jun 2, 2015 8:56am Jun 2, 2015 8:56am
The retail is still heavily short, therefore it will go further up.

Cheers,
k
  • #135,413
  • Edited 10:14am Jun 2, 2015 9:56am | Edited 10:14am
Quoting kprsa
The retail is still heavily short, therefore it will go further up. Cheers, k
I'm waiting for a crack also (at 1.12080), so at higher high the herd can arrive...this could form the cup... than it should retrace and therefore can form the handle of the cup fore example.
It's just theory, but looking for signs.
f(z)=z2+c
  • #135,414
  • Jun 2, 2015 10:35am Jun 2, 2015 10:35am
Quoting hathor
{quote} {image}
Target D has been 'sodomized'
Attached Image (click to enlarge)
Click to Enlarge Name: 06_01_EurUsd_H4_#2.png Size: 25 KB
f(z)=z2+c
  • #135,415
  • Edited 11:18am Jun 2, 2015 11:03am | Edited 11:18am
Quoting MissPips
{quote} Still watching this. I think it 'should' take out the last high at 1465 and also that it 'should' try to touch the lower trendline before it does . I'm going to be really surprised if it doesn't do both. Second screenshot is very experimental hypothesis about how we might get there. Price turning at capital C would put us too far down, too fast for current conditions IMHO. Ergo, turn at small c. No proof whatsoever, just a conjecture, so don't use it to trade without appropriate signals from PA. {image} {image}

Conjecture at small 'c' looking more reasonable that it did this morning when it was posted. (Hathor: This method of yours is quite interesting.)

Combined conjecture
Attached Image (click to enlarge)
Click to Enlarge Name: combi.jpg Size: 584 KB
  • #135,416
  • Jun 2, 2015 11:30am Jun 2, 2015 11:30am
Hello everyone,

Long time lurker, first time poster. Here's my daily chart. Long at 1.1075 and will be nimble with my position. I see potential for a large move up regardless of what the NFP numbers turn out to be. Consolidation likely around 1.12xx area before another leg up towards 1.14xx

I <3 divergences!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot_215.jpg Size: 404 KB
  • #135,417
  • Jun 2, 2015 11:48am Jun 2, 2015 11:48am
Quoting Pharm0r
{quote} unfortunately neither of them have been around for some time.
Hi pharmor
do you mind refering me to the indicator that shows fibs level with mofu and all this technique? I would really appreciate it. Thanks
  • #135,418
  • Jun 2, 2015 11:52am Jun 2, 2015 11:52am
Quoting ws121
{quote} Hi pharmor do you mind refering me to the indicator that shows fibs level with mofu and all this technique? I would really appreciate it. Thanks
There's no indi, you have to put the fib levels on the vanilla fib tool from MT4.

That's what I do at least. If there is an indi, I suspect Rock will know of it
  • #135,419
  • Jun 2, 2015 3:57pm Jun 2, 2015 3:57pm
Quoting Pharm0r
{quote} There's no indi, you have to put the fib levels on the vanilla fib tool from MT4. That's what I do at least. If there is an indi, I suspect Rock will know of it
I use modified fib tool as well. I think once David post something which has different colors for levels but it need renaming on chart after loading and it will need also modification with mofu levels.
  • #135,420
  • Jun 2, 2015 10:42pm Jun 2, 2015 10:42pm
Quoting Rockerzeus
{quote} I use modified fib tool as well. I think once David post something which has different colors for levels but it need renaming on chart after loading and it will need also modification with mofu levels.
I've tried an autofib indi with modified levels, but it used to pick wrong swings a lot. There is a swing hi-low indi which works with a descent level of accuracy, combining the both I got the process of plotting levels automated. The only problem was, it cluttered up my charts & made it hard to figure which level belongs to which setup. So I gave up & returned to manual charting which works just fine..

If someone wants to code an EA or sth, its worth a try..
25 traders viewing now