The Really Useless Thread | Page 6861 | 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

  • #137,201
  • Oct 2, 2015 10:49am Oct 2, 2015 10:49am
Quoting The Fool
{quote} classic, that went to $400+ this year.....daytrading is all good if you have the time & the skills, but the only rich traders I know are the old school, buy & hold stock traders....
  • #137,202
  • Oct 2, 2015 10:49am Oct 2, 2015 10:49am
Quoting The Fool
US equities bounced well off opening lows, will be interesting to see where they close today.....NFP miss extends the gossip about "uncertainty" and the nauseating, never-ending, central question of our times: will the mf Fed hike the mf ffr a mf measly 25 bps? I have seen those crazy people on the internet who keep saying the Fed will do QE4 before they raise again, maybe not so crazy....although I doubt it - NFP just one data point, Fed heads will be yakking soon, not likely to change their tune much...
Nothing new mate .... Hikes (mid and long term) Map is clear and set in equities as discussed yesterday. Macro news in between will only provide the ebb and flow until the first hike.

On the rest of the board, we couldn't break the very dull and now long overdue chop zone of the last fews week (6 ? 7 weeks? already) however Gold is going to hold 1108 unlocking one more time 1190.xx.

While in Euro the never ending 1.127x (We are losing 1.129x for the european close) keep providing extensive chop. Without at least a test (a break is the real move) 1.112x or 1.133x there is nothing to do or see in between ...a very dull and choppy area.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,203
  • Oct 2, 2015 10:51am Oct 2, 2015 10:51am
What do you see on oil Sisse?
  • #137,204
  • Oct 2, 2015 10:53am Oct 2, 2015 10:53am
Quoting Rockerzeus
{quote} what is the meaning of Ws121?
Sorry rock , friend of mine that was a little underwater in a trade . Hope this helped him out some .
Peace
  • #137,205
  • Oct 2, 2015 11:04am Oct 2, 2015 11:04am
Quoting Pharm0r
What do you see on oil Sisse?
Untradable short term...

The compression range is now nuclear and there is enough fuel for easily test $26.xx with a break down. In simple words, shorts as close as $49.9x as possible or take the confirmed break with a momentum play (so don't sit and ride but grab and run).

Anything in between its a clusterfuck .

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,206
  • Oct 2, 2015 11:09am Oct 2, 2015 11:09am
Quoting sisse
{quote} Untradable short term... The compression range is now nuclear and there is enough fuel for easily test $26.xx with a break down. In simple words, shorts as close as $49.9x as possible or take the confirmed break with a momentum play (so don't sit and ride but grab and run). Anything in between its a clusterfuck . sisse
haha, love the candid analysis. I believe Max is on par with those thoughts....I am watching for a 50 tap for sure
  • #137,207
  • Oct 2, 2015 11:11am Oct 2, 2015 11:11am
Quoting build11
{quote} Sorry rock , friend of mine that was a little underwater in a trade . Hope this helped him out some .
Oh OK, It seems I have perception problems today I was thinking like it is related with weekly support something Thanks
  • #137,208
  • Oct 2, 2015 11:52am Oct 2, 2015 11:52am
Quoting Pharm0r
I know a limited amount...talk about value investing!
one of many classics....

http://www.amazon.com/gp/product/006...ilpage_o02_s00
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,209
  • Oct 2, 2015 11:59am Oct 2, 2015 11:59am
Quoting The Fool
{quote} one of many classics.... http://www.amazon.com/gp/product/006...ilpage_o02_s00
bought and on the kindle
  • #137,210
  • Oct 2, 2015 12:05pm Oct 2, 2015 12:05pm
Quoting Pharm0r
{quote} bought and on the kindle
lol....have fun....nice thick paperback will help level up a wobbly poker table if nothing else
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,211
  • Oct 2, 2015 12:06pm Oct 2, 2015 12:06pm
Quoting The Fool
{quote} lol....have fun....nice thick paperback will help level up a wobbly poker table if nothing else
What's a paperback?

Someday- someone will say the same to me about my kindle. By then I'll pay them to shut up with all my retirement money perhaps by then you'll give me your email as well.
  • #137,212
  • Oct 2, 2015 12:07pm Oct 2, 2015 12:07pm
Speaking of old men, damn good song. If not one of the bests. So much good music came from Mr. Young

Inserted Video
  • #137,213
  • Oct 2, 2015 12:09pm Oct 2, 2015 12:09pm
Quoting Pharm0r
perhaps by then you'll give me your email as well.
haha, that's classified, literally, but I'm on the Kindle, too - my reading volume went way up since I got one - can adjust the font size to real big...old man thing....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,214
  • Oct 2, 2015 12:14pm Oct 2, 2015 12:14pm
Quoting The Fool
{quote} haha, that's classified, literally, but I'm on the Kindle, too - my reading volume went way up since I got one - can adjust the font size to real big...old man thing....
You know, I dream of the typical library around my fireplace in my next house.....but I'm not sure how I will fill it with kindles.

I do enjoy mine, but a paperback holds a certain nostalgia....and is good for emergencies where power goes. I still have an Ayn Rand collection in paperback.
  • #137,215
  • Oct 2, 2015 4:12pm Oct 2, 2015 4:12pm
Hi guys,

I hope you are having fun. I have a closing-prize of 1.12085, which is marginally below 1.1209. This is an amazing coincidence for those who found out, what 1.1209 is on the much higher timeframes.

Have a nice weekend.
Attached Image
  • #137,216
  • Edited 6:18pm Oct 2, 2015 4:48pm | Edited 6:18pm
Quoting rehorst
A spike up. My favorite trading opportunity!
I nibbled on this all the way down to 50% retrace. Yummy. Net 72 pips.
  • #137,217
  • Oct 2, 2015 6:17pm Oct 2, 2015 6:17pm
Quoting Pharm0r
{quote} You know, I dream of the typical library around my fireplace in my next house.....but I'm not sure how I will fill it with kindles. I do enjoy mine, but a paperback holds a certain nostalgia....and is good for emergencies where power goes. I still have an Ayn Rand collection in paperback.
Try audible.com. Listening is even better, and retention rates are high.
  • #137,218
  • Oct 5, 2015 9:06am Oct 5, 2015 9:06am
numbers are getting ready to change the direction of US economy
  • #137,219
  • Oct 5, 2015 1:49pm Oct 5, 2015 1:49pm
Quoting MoEb
numbers are getting ready to change the direction of US economy
are they still getting ready? omg...takes me like 10 minutes to shit, shower, and shave....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,220
  • Oct 5, 2015 2:20pm Oct 5, 2015 2:20pm
Quoting The Fool
{quote} are they still getting ready? omg...takes me like 10 minutes to shit, shower, and shave....
Well that was far and away the funniest shit I've read all day. Thanks.
32 traders viewing now