The Really Useless Thread | Page 7045 | 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

  • #140,881
  • Jun 7, 2016 2:48am Jun 7, 2016 2:48am
jump in with no touch. i got setup trades below these areas.
  • #140,882
  • Jun 7, 2016 3:17am Jun 7, 2016 3:17am
Quoting IMARICH1
Vorex... I knew in NEUTRAL you SELL or BUY at EXTREMES and trade to Target and not CENTER.
I've read this post when sisse posted it months ago, could you please help me understand what it means?, what does it mean to trade to target & not CENTER?

Quoting IMARICH1
I knew in SELL you SELL from INSIDE OUT and at EXTREMES Since I thought we were in SELL SHORT AND MID TERM, I chose SELL ....
Also if you can explain this as well I don't understand what does "Sell from INSIDE OUT" means.
  • #140,883
  • Jun 7, 2016 3:44am Jun 7, 2016 3:44am
Vorex, check the discussion 1-2 months ago. You will find it explained there with charts as well.

Sisse, u still sure u wanna trade G/U? The volatility is huge. I could not find any explanation of today monster 1M spike. Is wide stop the answer?
  • #140,884
  • Jun 7, 2016 5:53am Jun 7, 2016 5:53am
Quoting Pharm0r
....Expecting a shit storm if FED doesnt follow through (the good kind for me). Don't wanna hold on brexit though. ...
Indeed but don't forget:

-> A pair has 2 sides and the Euro side is and will be extremely bearish after the last ECB for an extended time (Q1 2017 and beyond).
-> Risk. Major short term risk if trigger will prime over mid term monetary policy.
Quoting chester123
Sisse, u still sure u wanna trade G/U? The volatility is huge. I could not find any explanation of today monster 1M spike. Is wide stop the answer?
Of course !!!!. Is the trade of the year if it pans out. 1.444x still holding and is the only rain maker as discussed yesterday. Actively looking for entries on the rally...

Yes on the sharp spike moves intraday. It's and will be for the upcoming weeks a wild beast:

-> First because Sterling stopped a long time ago being a major world currency and is rather illiquid and tiny
-> and second and more importantly is in the middle of a potential huge storm way beyond the scope of the British flows alone.

The maps are crystal clear in GU for both in or out and all cards are on the table so basically is trading time.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,885
  • Jun 7, 2016 6:22am Jun 7, 2016 6:22am
Quoting chester123
Vorex, check the discussion 1-2 months ago. You will find it explained there with charts as well. Sisse, u still sure u wanna trade G/U? The volatility is huge. I could not find any explanation of today monster 1M spike. Is wide stop the answer?
http://uk.reuters.com/article/uk-bri...-idUKKCN0YS2DM
  • #140,886
  • Jun 7, 2016 6:42am Jun 7, 2016 6:42am
Watch-out OIL leading the board. Macro stops taken (including mine) before NY and there is lots of air above. Exhaustion leg on the making sadly without me. Extension can reach as far as $56.xx without much in between ...

Quoting sisse
-> Changing short term outlook in OIL from Neutral to Soft sell [wrong]until further data from Vienna.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,887
  • Jun 7, 2016 8:38am Jun 7, 2016 8:38am
Hi,

If still possible, please count me in. Thnx


-> LMT BUY 1.137x -> TP1 => 1.147x | STP => 1.133x | max r:r -=> 2:1
  • #140,888
  • Jun 7, 2016 3:57pm Jun 7, 2016 3:57pm
Quoting sisse
Watch-out OIL leading the board. Macro stops taken (including mine) before NY and there is lots of air above. Exhaustion leg on the making sadly without me. Extension can reach as far as $56.xx without much in between ...
the bigger they are, sometimes, (giants, oil rally extensions, etc) - the harder they fall
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,889
  • Jun 7, 2016 4:20pm Jun 7, 2016 4:20pm
Quoting gettoefl
{quote} complete now back to yearly highs folks, timing the same
half way there half the time
twitter: @gettoefl
  • #140,890
  • Jun 7, 2016 4:39pm Jun 7, 2016 4:39pm
Quoting The Fool
{quote} the bigger they are, sometimes, (giants, oil rally extensions, etc) - the harder they fall
US equities keep grinding the highs but struggling to make a break....no break, no shake, no nothing .... not much to do across the board, same levels, same plays same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,891
  • Edited Jun 8, 2016 2:58am Jun 7, 2016 11:23pm | Edited Jun 8, 2016 2:58am
USMNT crushes the Ticos and avoids humiliation in the Copa.....nice to see old man C. Dempsey have a good game....not much to get excited about here...Central Bankers have the markets on ice, another 2 months til (real) football season...
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,892
  • Jun 8, 2016 3:21am Jun 8, 2016 3:21am
Quoting chester123
Vorex, check the discussion 1-2 months ago. You will find it explained there with charts as well
Chester yes I've read it a number of times, sorry I couldn't understand it, that's why I asked.
  • #140,893
  • Edited 4:34am Jun 8, 2016 3:37am | Edited 4:34am
Quoting Vorex
{quote} Chester yes I've read it a number of times, sorry I couldn't understand it, that's why I asked.
Vorex,

IMARICH1 said "..in SELL you SELL from INSIDE OUT and at EXTREMES"
..but his paraphrase (typo?) may have caused a little confusion regarding the 'SELL from INSIDE OUT' wording.

Sisse said (quote):

"In a range you trade from the outside to the inside, avoiding the center...etc etc" Why? because in a range the flip will attract value to both sides creating CHOP !!! ..thats why you avoid trading that area..."

Which makes perfect sense: trade the range extremes OUTSIDE-->IN, not INSIDE-->OUT.

I am now paraphrasing, but IMARICH1 is (presumably) saying:

"..in SELL you SELL OUTSIDE IN from the UPPER RANGE EXTREMES
..in BUY you BUY OUTSIDE IN from the LOWER RANGE EXTREMES".
  • #140,894
  • Jun 8, 2016 9:01am Jun 8, 2016 9:01am
Quoting bullionman
{quote} Vorex, IMARICH1 said "..in SELL you SELL from INSIDE OUT and at EXTREMES" ..but his paraphrase (typo?) may have caused a little confusion regarding the 'SELL from INSIDE OUT' wording. Sisse said (quote): "In a range you trade from the outside to the inside, avoiding the center...etc etc" Why? because in a range the flip will attract value to both sides creating CHOP !!! ..thats why you avoid trading that area..." Which makes perfect sense: trade the range extremes OUTSIDE-->IN, not INSIDE-->OUT. I am now paraphrasing, but IMARICH1 is (presumably)...
Crazy times these days and today opening range even more with gold/silver soaring, equities approaching ATH every minute and Brexit on horizont
  • #140,895
  • Jun 8, 2016 9:05am Jun 8, 2016 9:05am
Vorex and bullionman,

IN a SELL OUTLOOK or BUY OUTLOOK you trade from the INSIDE OUT and at EXTREMES

IN a NEUTRAL OUTLOOK you trade at EXTREMES to TARGET and not in the CENTER.

If I am incorrect; then, maybe sisse will help here but this is how I have interpreted his language.

Hope this helps.
  • #140,896
  • Jun 8, 2016 9:10am Jun 8, 2016 9:10am
Key opening range from a TA perspective. US equities flirting to a ATH imminent break but more importantly the tick 2120.xx in S&P is a game changer mid and long term TA wise. Only a major catastrophe will take us below 1789.xx this year. We'll have pretty much set the low of the year first before the high with a W close around these levels.

Sadly sidelined in Equities by default in this move but very well done all bulls that rode one more time the FED/ECB free money train. On the rest of the board, Oil flying in tandem with Equities and currencies moving as collateral as suspected since the close last week. Eying 93.2x in Dollar before reevaluating Euro and Sterling while on the others nothing to see with same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,897
  • Edited 10:17am Jun 8, 2016 10:00am | Edited 10:17am
Quoting IMARICH1
Vorex and bullionman, IN a SELL OUTLOOK or BUY OUTLOOK you trade from the INSIDE OUT and at EXTREMES IN a NEUTRAL OUTLOOK you trade at EXTREMES to TARGET and not in the CENTER. If I am incorrect; then, maybe sisse will help here but this is how I have interpreted his language. Hope this helps.
I think you right. Just for illustration as I see it.... the problem is that the levels are RELATIVE - i.e. dependant on the outlook..... as you know.... however, I may be wrong!!

example/chart 1: from 12.5. we were in short term sell. The outlook came when we were on the top of range/under sell extreme. You trade out of the range to the targets. There could be more lvls - momentum line, intermadiate stop, first and exhaustion target.

example/chart 2: 30.5. we changed outlook to neutral - also the system/meaning of lvls changes accordingly. You trade from extremes to the flip.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 30 KB
Click to Enlarge Name: Screenshot4.png Size: 31 KB
  • #140,898
  • Jun 8, 2016 10:04am Jun 8, 2016 10:04am
Quoting sisse
Key opening range from a TA perspective. US equities flirting to a ATH imminent break but more importantly the tick 2120.xx in S&P is a game changer mid and long term TA wise. Only a major catastrophe will take us below 1789.xx this year. We'll have pretty much set the low of the year first before the high with a W close around these levels.
bastards made a stab at spoos ath at the NY open, came within 15 pts or so....meanwhile credit yields cratering....big bad macro events looming, I am waiting for smart money bots to go to the 'raise cash' algos, maybe precipitate a stunning sideways crash...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,899
  • Jun 8, 2016 10:07am Jun 8, 2016 10:07am
Quoting The Fool
{quote}bastards made a stab at spoos ath at the NY open, came within 15 pts or so....meanwhile credit yields cratering....big bad macro events looming, I am waiting for smart money bots to go to the 'raise cash' algos, maybe precipitate a stunning sideways crash...
sideways is the new down, soon to be followed by.....yes, up is the new sideways,....then, full helicopter money
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,900
  • Jun 8, 2016 10:16am Jun 8, 2016 10:16am
Quoting IMARICH1
Vorex and bullionman, IN a SELL OUTLOOK or BUY OUTLOOK you trade from the INSIDE OUT and at EXTREMES IN a NEUTRAL OUTLOOK you trade at EXTREMES to TARGET and not in the CENTER. If I am incorrect; then, maybe sisse will help here but this is how I have interpreted his language. Hope this helps.
Plus on mid term I remade the map like this:

in neutral it WOULD be: trading to flip form extremes. Chart 1.
but we in sell so it is: trading from extreme through middle and out. chart 2.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB
Click to Enlarge Name: Screenshot2.png Size: 23 KB
7 traders viewing now