The Really Useless Thread | Page 6775 | 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

  • #135,481
  • Jun 9, 2015 8:32am Jun 9, 2015 8:32am
Quoting historian
this thread is very informative. I have learn a lot about the emotional aspect of traders rather than their insights about forex. I believe sisse has had a terrible setback in his trade as he hoped for eurusa to go up to 1.4xx hence bowed out totally. eurusa will be hovering around 1.4xxx this week as a fair value while awaiting for interest rates news and knee jerk reaction pertaining greece. Trade well and keep your emotion healthy by not blaming about others.
Or he 'sold in May and went away' as the old trading advice goes...
  • #135,482
  • Jun 9, 2015 9:58am Jun 9, 2015 9:58am
Quoting Shunyi
{quote} Sisse don't go!!!!!! I am done with my exams. Now back to the market. Good luck to all!!
Hi Shunyi,
How did it go, did you pass?
Don't be a hero. Don't have an ego. Always question yourself
  • #135,483
  • Edited 12:58pm Jun 9, 2015 12:01pm | Edited 12:58pm
Quoting build11
{quote} Hit my level , Got the bounce but didn't like pa there. lets see if we can get a retest
Hi build11!

I scalped that level either, but sadly I was reading your post too late..(I would've scalped it harder if I had some support by another view )
I was waiting for H4 long signal there, but didn't get it, 'just' H1 and under, but I like the PA:
It made a nice butterfly and it has been completed + right wing's retrace is also already happened...so technically it's ready to go over 1.13...

-> So there is a chance for an other leg down...MAYBE: A - today's top / B - today's bottom / C - 1.128xx-1.13000 / D - 1.116xx-8xx ??
But looking at the Short:long ratios and the structure - the current bottom might hold:
- On H4 the bull retail support is fever by every candle...maybe H4 buy signal will appear under Asia/Australia session.
- Today is full of shorts and retail traders adding to it pretty nice on the way up, so taking out today's top is pretty much in the cards imho.
f(z)=z2+c
  • #135,484
  • Jun 9, 2015 1:28pm Jun 9, 2015 1:28pm
Attached Image

EurUsd Daily
Attached Image (click to enlarge)
Click to Enlarge Name: 06_09_EurUsd_D.png Size: 46 KB

EurUsd H4
Attached Image (click to enlarge)
Click to Enlarge Name: 06_09_EurUsd_H4.png Size: 47 KB

EurUsd H1
Attached Image (click to enlarge)
Click to Enlarge Name: 06_09_EurUsd_H1.png Size: 45 KB
f(z)=z2+c
  • #135,485
  • Jun 9, 2015 3:08pm Jun 9, 2015 3:08pm
Quoting hathor
{image} EurUsd Daily {image} EurUsd H4 {image} EurUsd H1 {image}
If I could remove the numbers on the charts , I would hang them on the wall . That's some high dollar artwork !

I only trade ab=cd patterns into structure levels . Watching higher tf but scalping on a 5 min . That's my whole trading system .

Made a few this am on the way down but couldn't get a entry on the up move .

This is what im looking at
daily = 10 days into a cd leg, up , target 1.18
4hr = just starting a cd leg, up, target 1.1525
1 hr = as you said , just starting a cd leg, down, target 1.115x ( I believe this also completes a gartley pattern if it makes it )
Iim just a little confused now, on the direction, but I believe the L open should clear things up .
Have a great day .
regards
Peace
  • #135,486
  • Jun 10, 2015 1:30am Jun 10, 2015 1:30am
Quoting USD-Bear
cashing in some of my Hong Kong longs HKG33 D1: {image}
added those Hong Kong longs I sold earlier, position at full strength again

HKG33 D1:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0061.png Size: 74 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #135,487
  • Jun 10, 2015 2:07am Jun 10, 2015 2:07am
Quoting build11
{quote} If I could remove the numbers on the charts , I would hang them on the wall . That's some high dollar artwork ! I only trade ab=cd patterns into structure levels . Watching higher tf but scalping on a 5 min . That's my whole trading system . Made a few this am on the way down but couldn't get a entry on the up move . This is what im looking at daily = 10 days into a cd leg, up , target 1.18 4hr = just starting a cd leg, up, target 1.1525 1 hr = as you said , just starting a cd leg, down, target 1.115x ( I believe this also completes a...
I can remove them if you wish.
Until yesterday's low holds, I'm looking 'up':
Attached Image (click to enlarge)
Click to Enlarge Name: 06_10_EurUsd_H4.png Size: 28 KB
f(z)=z2+c
  • #135,488
  • Jun 10, 2015 2:38am Jun 10, 2015 2:38am
Quoting hathor
{quote} I can remove them if you wish. Until yesterday's low holds, I'm looking 'up': {image}


looks like you called that perfectly .
Knew my 1hr scenario was a long shot. Would have made for a clean setup though .
Now lets see if the bastards are just playing games or if this is a real move . Looking for a close above 138x on the 1 hr
Peace
  • #135,489
  • Jun 10, 2015 2:46am Jun 10, 2015 2:46am
Quoting USD-Bear
{quote} Hi Shunyi, How did it go, did you pass?
I guess it went well. I will need to wait for more than 1 month for the result.
  • #135,490
  • Jun 10, 2015 2:52am Jun 10, 2015 2:52am
Quoting Shunyi
{quote} I guess it went well. I will need to wait for more than 1 month for the result.
good to hear
Don't be a hero. Don't have an ego. Always question yourself
  • #135,491
  • Jun 10, 2015 3:21am Jun 10, 2015 3:21am
Quoting MissPips
{quote} Or he 'sold in May and went away' as the old trading advice goes...
I have analysed his post, most of his numbers were placed on clear S/R levels. He will repeat on most of his contribution with some well chosen words that seems to come from a well-learnt economist who understood forex inside out. As for his prediction it is always same play, same everything cos price will eventually touch S/R levels.
Look at the S/R levels on the chart, you too can predict the same outcome, add some philosophical economy jargons to your prediction - there you have it.
  • #135,492
  • Jun 10, 2015 4:35am Jun 10, 2015 4:35am
Quoting historian
{quote} I have analysed his post, most of his numbers were placed on clear S/R levels. He will repeat on most of his contribution with some well chosen words that seems to come from a well-learnt economist who understood forex inside out. As for his prediction it is always same play, same everything cos price will eventually touch S/R levels. Look at the S/R levels on the chart, you too can predict the same outcome, add some philosophical economy jargons to your prediction - there you have it.
OK than start to share your predictions. Stage is yours. Let us see how you play with up and down targets.
  • #135,493
  • Jun 10, 2015 4:48am Jun 10, 2015 4:48am
Quoting Rockerzeus
{quote} OK than start to share your predictions. Stage is yours. Let us see how you play with up and down targets.
some jargons will revist 1.12xx. some jargons will see 1.14xx. Failure to secure a bailout for greece 1.10xx. Interest rates hike confirm 1.15xx.
same play, same everything, nothing to see.
historian
  • #135,494
  • Jun 10, 2015 4:57am Jun 10, 2015 4:57am
Quoting Rockerzeus
{quote} OK than start to share your predictions. Stage is yours. Let us see how you play with up and down targets.
Hmmmm Does historian seem to post like another member that was banned (comm member) Where is our house detective when you need him .

PharmOr need your help bro
Peace
  • #135,495
  • Jun 10, 2015 4:59am Jun 10, 2015 4:59am
Quoting historian
{quote} some jargons will revist 1.12xx. some jargons will see 1.14xx. Failure to secure a bailout for greece 1.10xx. Interest rates hike confirm 1.15xx. same play, same everything, nothing to see. historian
You missed the jargons part which are explains which part doing it why or will be do it why.Without those part your post is meaningless compared to sisse's posts. So now please leave the stage, you are not qualified in this hearing, try harder may be next time you can.
  • #135,496
  • Jun 10, 2015 5:48am Jun 10, 2015 5:48am
Quoting historian
{quote} I have analysed his post, most of his numbers were placed on clear S/R levels. He will repeat on most of his contribution with some well chosen words that seems to come from a well-learnt economist who understood forex inside out. As for his prediction it is always same play, same everything cos price will eventually touch S/R levels. Look at the S/R levels on the chart, you too can predict the same outcome, add some philosophical economy jargons to your prediction - there you have it.
Sell in May and go away doesn't mean literally 'sell' as in 'sell the instrument' - whatever it is. It means if you already did well for the year, close your positions, take your profits and come back in the fall, the reason being that historically the market didn't do much over the summer so why expose yourself to the event risk. Back before everybody was on 24/7 it wasn't that uncommon for people to do it. Even today, you can see volumes decline over the summer. Of course with all the recent QE stocks did actually have decent gains in May and June for the last few years but this year with expected hikes and Greece coming to a head it makes more sense to do it. Sisse seems like an old-timer, so maybe that's what he did (as opposed to disappearing because of a large disappointment in his positions.)
  • #135,497
  • Jun 10, 2015 8:28am Jun 10, 2015 8:28am
Quoting MissPips
{quote} Sell in May and go away doesn't mean literally 'sell' as in 'sell the instrument' - whatever it is. It means if you already did well for the year, close your positions, take your profits and come back in the fall, the reason being that historically the market didn't do much over the summer so why expose yourself to the event risk. Back before everybody was on 24/7 it wasn't that uncommon for people to do it. Even today, you can see volumes decline over the summer. Of course with all the recent QE stocks did actually have decent gains in...
my bad...
  • #135,498
  • Jun 10, 2015 8:30am Jun 10, 2015 8:30am
Quoting Rockerzeus
{quote} You missed the jargons part which are explains which part doing it why or will be do it why.Without those part your post is meaningless compared to sisse's posts. So now please leave the stage, you are not qualified in this hearing, try harder may be next time you can.
this jargon, simplified for all to understand - possibility to extend Greece's 2nd bailout programme hence 1.14xx in view. nothing to see till more news tomorrow London open.

Take your poison. GL
  • #135,499
  • Jun 10, 2015 1:04pm Jun 10, 2015 1:04pm
Are you Sisse('s cousin)? I find it remarkable how you use the same vocabulary/constructions.
  • #135,500
  • Jun 11, 2015 2:21am Jun 11, 2015 2:21am
Quoting sisse
....Just check for the tickers (DE10Y-DE, US10Y-US,GDBR10:IND, USGG10YR:IND, etc), make a watchlist and compare them in a chart. I don't think you need more than that....

Does anyone have it on MT4? I do not trade it but prefer to have chart to line chart image of it...
The Market pays you to be disciplined
5 traders viewing now