The Really Useless Thread | Page 6965 | 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

  • #139,281
  • Feb 24, 2016 1:22am Feb 24, 2016 1:22am
Quoting Replicant
{quote} Same like you was fully short loaded friday, but I changed everything when our prefered ff oracle spoke about this potential leg up. I hedged these longs today while loosing 1.108x and I am now expecting an attack on 1.097x. GL !
1.097x, dropped my hedge here, and plan to average my longs @ 1.093x
  • #139,282
  • Feb 24, 2016 2:30am Feb 24, 2016 2:30am
started again to build some BUND shorts here @ 166
Don't be a hero. Don't have an ego. Always question yourself
  • #139,283
  • Feb 24, 2016 4:43am Feb 24, 2016 4:43am
IMARCH how you doing? you must be very happy, I never expected eur/usd to get to this point.
  • #139,284
  • Feb 24, 2016 5:29am Feb 24, 2016 5:29am
Vorex and those following my bad positioning trades or coaching me (sisse); I closed out of them for a small profit. Lesson learned and expensive one at that but was able to get a discount on it today.

As of today, I have not joined the Short term Leg. Will wait on NY and may just sit on my hands.
  • #139,285
  • Feb 24, 2016 5:35am Feb 24, 2016 5:35am
European equities tripping in the morning while US equities completing the expected first part of the zigzag pre market. All Eyes on 1900.xx in the opening (S&P ref) losing the handle unlock a clean sweep across the board.

Euro testing the key 1.097x as collateral of the strong moves in Europe, equities loosing foot again will unlock a quick test 1.091x making some traders in the thread rather happy.

Crunching time in most key markets in the short term as the momentum is coming from a wide market risk off move triggered by Europe last weekend. No point in holding for much longer on a tick below as major flows are in play for next few weeks.

NY with the final say this month . US playing ball and there will go for strong bearish M closes across the board before the ECB/FED combo.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,286
  • Feb 24, 2016 5:39am Feb 24, 2016 5:39am
Quoting IMARICH1
Vorex and those following my bad positioning trades or coaching me (sisse); I closed out of them for a small profit. Lesson learned and expensive one at that but was able to get a discount on it today. As of today, I have not joined the Short term Leg. Will wait on NY and may just sit on my hands.
I think that everyone tracking this thread has learnt from your example! Plus this was absolutely great in case of seeing the timing problem - no better way to learn than from exact trades. So great u were able to get out without any big harm and thank you

Hopefully we get it all right one day
  • #139,287
  • Feb 24, 2016 5:53am Feb 24, 2016 5:53am
Thanks chester123! Appreciate that! I am a little gun shy at this moment. Would like to play this Short leg up but not sure unless I take a small long up after NY comes in.

I may not get a cheaper seat but I right now I am not having sit still and ride this UP again 300 to 400 pips in coming weeks. I closed out around .0955 of my trades. Didn't need to gamble if it would go to .091x area. Maybe bad trading but needed to cut my trades and RESET!!!!
  • #139,288
  • Feb 24, 2016 5:55am Feb 24, 2016 5:55am
Quoting sisse
European equities tripping in the morning while US equities completing the expected first part of the zigzag pre market. All Eyes on 1900.xx in the opening (S&P ref) losing the handle unlock a clean sweep across the board. Euro testing the key 1.097x as collateral of the strong moves in Europe, equities loosing foot again will unlock a quick test 1.091x making some traders in the thread rather happy. Crunching time in most key markets in the short term as the momentum is coming from a wide market risk off move triggered by Europe last...
Sisse,

is the european game changer the cause that euro is not anymore sensitive to risk-off? Where did the carry trage go? Is this what you meant when u were reffering to changes in correlations in coming days? i.e. equities down = euro up not really working anymore?
  • #139,289
  • Feb 24, 2016 5:56am Feb 24, 2016 5:56am
Quoting chester123
{quote} Sisse, is the european game changer the cause that euro is not anymore sensitive to risk-off? Where did the carry trage go? Is this what you meant when u were reffering to changes in correlations in coming days? i.e. equities down = euro up not really working anymore?
Yes.... it will get a lot clearer once we pass the ECB/FED combo...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,290
  • Edited 6:12am Feb 24, 2016 5:59am | Edited 6:12am
Quoting IMARICH1
Thanks chester123! Appreciate that! I am a little gun shy at this moment. Would like to play this Short leg up but not sure unless I take a small long up after NY comes in. I may not get a cheaper seat but I right now I am not having sit still and ride this UP again 300 to 400 pips in coming weeks. I closed out around .0955 of my trades. Didn't need to gamble if it would go to .091x area. Maybe bad trading but needed to cut my trades and RESET!!!!
Yeah I understand. Its psychologically better to start with clean sheet even though it may not be wise strictly from the technical/fundamental perspective. But I do the same!

Ive taken small long we discussed around 1,097. However, I dont completely believe in it as sisse post kind of confuses me
  • #139,291
  • Feb 24, 2016 6:04am Feb 24, 2016 6:04am
Quoting chester123
{quote} Yeah I understand. Its psychologically better to start with clean sheet even though it may not be wise strictly from the technical/fundamental perspective. But I do the same! Ive taken small long we discussed around 1,097. However, I dont completely believe in as sisse post kind of confuses me
There is no room for confusion. Either you are short mid term from +/- 1.132x or long short term +/-1.097x or both if you don't have FIFO ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,292
  • Feb 24, 2016 6:20am Feb 24, 2016 6:20am
Quoting sisse
{quote} There is no room for confusion. Either you are short mid term from +/- 1.132x or long short term +/-1.097x or both if you don't have FIFO .... sisse
Ok ok, I should not over-think this

I was short "short" term from 1,132x (= closed) - long short term now from 1,097x.

No mid term position yet - missed the cheap seats mid term for now.
  • #139,293
  • Feb 24, 2016 6:26am Feb 24, 2016 6:26am
Quoting chester123
{quote}... missed the cheap seats mid term.
I don't think so. The leg if pans out extends as far as +/- 1000 ticks.... As long as 1.097x is in play, there will be plenty of cheap tickets available. Both on the highs, and later, before the momentum break down when bulls capitulate.... Thats the natural flow in any swing...

For now, lets see what NY brings to the table as there are plenty of key areas in play across the board...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,294
  • Feb 24, 2016 8:00am Feb 24, 2016 8:00am
I don't know why but why I see a test of.08xx is in play... Offcoourse not today ... Please correct me if I m wrong
Re-Incarnated
  • #139,295
  • Feb 24, 2016 10:31am Feb 24, 2016 10:31am
Quoting sisse
NY with the final say this month . US playing ball and there will go for strong bearish M closes across the board before the ECB/FED combo. sisse
Hi Mr. Sisse: As I'm new in this trade market, could you explain what do you mean by this sentence?
  • #139,296
  • Edited 1:56pm Feb 24, 2016 1:41pm | Edited 1:56pm
The rally in equities is something VERY VERY suspicious. Hmmm, maybe first hint of services colapse =) recession mantra again =) neverending free money??? Or BOJ intervening as the J/U could be the primary cause??? Or am I too suspicious?? I have no idea what to take from it. anyone of you has a context?

Quoting Fadhl
{quote} Hi Mr. Sisse: As I'm new in this trade market, could you explain what do you mean by this sentence?
Im almost sure he meant that NY is gonna play equities zigzag started in europe to set the brearish close on M1 near the lows = bearish close, and there its to wait for ECB/FED next month.
  • #139,297
  • Feb 24, 2016 1:50pm Feb 24, 2016 1:50pm
Quoting chester123
The rally in equities is something VERY VERY suspicious. Hmmm, maybe first hint of services colapse =) recession mantra again =) neverending free money??? Or BOJ intervening as the J/U could be the primary cause??? Or am I too suspicious?? I have no idea what to take from it. anyone of you has a context? {quote} Im almost sure he meant that NY is gonna play equities zigzag started in europe to set the brearish close on M1 new the lows = bearish close, and there its to wait for ECB/FED next week.

yup. I think the same.. boj intervention is happening

Long with big lots from 111.09 and still holding until she hits 113.26 then iŽll close half and let rest of it run
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #139,298
  • Feb 24, 2016 2:09pm Feb 24, 2016 2:09pm
Quoting eqshack
{quote} yup. I think the same.. boj intervention is happening Long with big lots from 111.09 and still holding until she hits 113.26 then ill close half and let rest of it run
I was thinking about playing the zigzag in equities to the lows, which started yesterday as the swing seemed pretty much clear both TA/FA (lol, after sisse revealed it ). However, I did not. Now Im tempted even more to step into it if we get close to 194x.xx cuz I dont belive the bounce can survive - its insane manipulation (which is more a fact not an argument for its non-survival). In any case I have no experience in fading the CB interventions and dont wanna underestimate their power.
  • #139,299
  • Feb 25, 2016 1:10am Feb 25, 2016 1:10am
Nice bounce on the super level 1.0960

Again risk-off vs euro correlation is lost in the european session and this weighs on euro.

I don't see too much headroom for this short term up swing you guys are seeing. Should it be related to the last crumble of the dovish fed play (via dollar weakness)?
Attached Image (click to enlarge)
Click to Enlarge Name: download.png Size: 45 KB
  • #139,300
  • Feb 25, 2016 7:59am Feb 25, 2016 7:59am
This thread is just not the same when sisse doesn't frequent it.

At any rate, I took a Long (Short Term Leg) at .0998 handle on the LL put in today around NY opening. Targeting .1060/.80. Still looking for another LL (.0950/4X) before this Short Term Leg heads North for the Final Leg up before MID TERM LEG "kicks" in.

This is my design and my trade...................
28 traders viewing now