The Really Useless Thread | Page 7079 | 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

  • #141,561
  • Jun 28, 2016 3:50pm Jun 28, 2016 3:50pm
I will sell again thank you
  • #141,562
  • Jun 28, 2016 3:54pm Jun 28, 2016 3:54pm
Quoting sisse
+++++Opening table for the 4th Iteration in the second round to get in synch with the market short term+++++ --> Question 14: Quarterly flows and summer coming, are the brexit flows over? This iteration is a live trading set variation with a proper R:R. It's titled: "Knee jerk reaction or a trend change" and its aim to be a second example (the first one was in the first set) about trending and non trending markets. --> Choose your poison ASAP. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner...

-> LMT SELL 1.108x -> TP1 => 1.098x | TP2 => 1.085x | | TP3 => 1.075x | STP => 1.118x | max r:r -=> (+)4:1*


The spoken word is your master, the unspoken word your slave.
  • #141,563
  • Jun 28, 2016 3:58pm Jun 28, 2016 3:58pm
Sell for me to again Scaling in.
Trading in the shadow of SM
  • #141,564
  • Edited 4:35pm Jun 28, 2016 4:00pm | Edited 4:35pm
Very shy board ....come on rolling right now second call jump in ...

IN

++++Currently Euro is trading 1.108x++++

""Knee jerk reaction or a trend change""


-> LMT BUY 1.108x -> TP1 => 1.118x | TP2 => 1.131x | TP3 => 1.141x | STP => 1.0980 | max r:r -=> (+)4:1*

manosk

suntan


-> No touch 1.118x / 1.098x (till W close)-> TP2 => No touch 1.1280 | 1.088x (till noon NFP) max r:r -=> (+)4:1*

Fadhl


-> LMT SELL 1.108x -> TP1 => 1.098x | TP2 => 1.085x | | TP3 => 1.075x | STP => 1.118x | max r:r -=> (+)4:1*

PAStalker

pmmebids

Earleone

CommercialB

goosebone

chester123

Decima

Replicant



Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,565
  • Jun 28, 2016 4:05pm Jun 28, 2016 4:05pm
...watch out for comments from Brussels ....Cameron and the talking heads on the wires ...tweet alerts triggered...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,566
  • Edited 4:31pm Jun 28, 2016 4:05pm | Edited 4:31pm
ok ok i go for

LMT SELL 1.108x -> TP1 => 1.098x | TP2 => 1.085x | | TP3 => 1.075x | STP => 1.118x | max r:r -=> (+)4:1*

but this is very troubling choice

Logic: as seen from the short term chart..... the short term range has blown..... short term we in aggressive sell.

What is this exercise? "Knee jerk reaction or a trend change" - not a knee jerk reaction in neutral outlook but a trend change on short term (thats the frame of the exercise!! - we not jumping into mid term!) =) scalling in as earleone says on continuation of short term leg ==) as lvls show this was just a interm stop.

P.S. not sure if this is how scalling in should be done. Would prefer to be short from top and just unloading but I blinked and missed.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 34 KB
  • #141,567
  • Jun 28, 2016 4:23pm Jun 28, 2016 4:23pm
-> LMT SELL 1.108x -> TP1 => 1.098x | TP2 => 1.085x | | TP3 => 1.075x | STP => 1.118x | max r:r -=> (+)4:1*
Do not let the cost of being wrong, exceed the prize of beeing right
  • #141,568
  • Jun 28, 2016 4:26pm Jun 28, 2016 4:26pm
--> Timid Cameron asking without any leverage or power some cherry picking from the EU deal, but after Farange humiliating show today, the initial reactions from all EU countries and all parties right and left seem to be unanimous. Only the scumbag from Europe, neonazi parties and the FrontNational in France supporting Britain position (I feel personally sad, ashamed and embarrass to be represented by this guy as the official voice of the UK...).

--> Prolly the most humiliating day in international relations for the UK in Europe and the World in centuries, and the longer the vacuum of power in the UK, the worst chances for a decent deal.

--> All initial comments coming from around Europe show a resounding poor meeting for the UK...more to come until tomorrow but if there isn't a major breakthrough by tomorrow, expecting a market break down any minute ... until then ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,569
  • Jun 28, 2016 4:31pm Jun 28, 2016 4:31pm
Buy for me please.
  • #141,570
  • Jun 28, 2016 4:34pm Jun 28, 2016 4:34pm
If it's not too late, Limit Sell here
  • #141,571
  • Edited Jun 29, 2016 3:46am Jun 28, 2016 4:36pm | Edited Jun 29, 2016 3:46am
Where are the buyers and neutrals ... last call

IN

++++Currently Euro is trading 1.106x++++

""Knee jerk reaction or a trend change""


-> LMT BUY 1.108x -> TP1 => 1.118x | TP2 => 1.131x | TP3 => 1.141x | STP => 1.0980 | max r:r -=> (+)4:1*

manosk

suntan

Vorex


-> No touch 1.118x / 1.098x (till W close)-> TP2 => No touch 1.1280 | 1.088x (till noon NFP) max r:r -=> (+)4:1*

Fadhl

Pixie666

PipJet

Ghandi


-> LMT SELL 1.108x -> TP1 => 1.098x | TP2 => 1.085x | | TP3 => 1.075x | STP => 1.118x | max r:r -=> (+)4:1*

PAStalker

pmmebids

Earleone

CommercialB

goosebone

chester123

Decima

Replicant

ptoftangency

IMARICH1

hoom

eborn



Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,572
  • Jun 28, 2016 4:43pm Jun 28, 2016 4:43pm
-> No touch 1.118x / 1.098x (till W close)-> TP2 => No touch 1.1280 | 1.088x (till noon NFP) max r:r -=> (+)4:1*
  • #141,573
  • Jun 28, 2016 4:44pm Jun 28, 2016 4:44pm
so like the last time trend or not trend play ...let me sweeting the deal for longs before closing table:

1.118x double pay same risk...

-> LMT BUY 1.108x -> TP1a and TP1b => 1.118x (double) | TP2 => 1.131x | TP3 => 1.141x | STP => 1.0980 | max r:r -=> (+)5:1*



sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,574
  • Jun 28, 2016 4:51pm Jun 28, 2016 4:51pm
Quoting sisse
--> Timid Cameron asking without any leverage or power some cherry picking from the EU deal, but after Farange humiliating show today, the initial reactions from all EU countries and all parties right and left seem to be unanimous. Only the scumbag from Europe, neonazi parties and the FrontNational in France supporting Britain position (I feel personally sad, ashamed and embarrass to be represented by this guy as the official voice of the UK...). --> Prolly the most humiliating day in international relations for the UK in Europe and the World in...
I, too, felt ashamed watching Farage's sickingly gloating performance. I was happy that the tone of his campaign was so heavily criticised by Guy Verhofstadt.

As we approach some serious negotiations with the remaining countries of the EU, it is imperative to limit ill-feeling and retain as much goodwill as is possible.
  • #141,575
  • Edited 5:20pm Jun 28, 2016 5:06pm | Edited 5:20pm
Since I was playing with the charts........ here is mid term which incorporated short term..... all described inside...... Still trying to udnerstand how they fold into each other.

P.S.: its a set for mid term strong sell swing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #141,576
  • Jun 28, 2016 5:07pm Jun 28, 2016 5:07pm
All talking heads flooding the wires now.

Merkel the more balance and mature of the bunch. Germany playing the old wise man role with a spoiled brat acting like a teenager (the UK) and a bunch of unhappy and angered rest in between ...thats all the comments in a nutshell.

That was pretty much it for the day ...nothing new ...tomorrow last chance this week before this become a snowball of indecision and uncertainty ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,577
  • Jun 28, 2016 5:14pm Jun 28, 2016 5:14pm
Quoting sisse
All talking heads flooding the market now. Merkel the more balance and mature of the bunch. Germany playing the old wise man role with a spoiled brat acting like a teenager (the UK) and a bunch of unhappy and angered rest in between ...thats all the comments in a nutshell. That was pretty much it for the day ...nothing new ...tomorrow last chance this week before this become a snowball of indecision and uncertainty ... sisse
Merkel has her faults, but in this instance her caution, calmness and lack of ego marks her out in a very positive light.
  • #141,578
  • Jun 28, 2016 5:45pm Jun 28, 2016 5:45pm
Lmt sell 1.108x
Get Rich or Die Tryin
  • #141,579
  • Jun 28, 2016 5:56pm Jun 28, 2016 5:56pm
Quoting gammase1
{quote} Merkel has her faults, but in this instance her caution, calmness and lack of ego marks her out in a very positive light.
Agree.

After what we have witnessed in the last few weeks from most politicians in the UK I really cant digest how low we have reached.

--> People (all of us) take some things for granted. We assume they are always a small group of very idiots politicians, some very few extremists, another good chunk of incompetent and mainly short term opportunists but in general we expect a minimum level of maturity and leadership to avoid third world country politics and this low level and humiliating vacuum of power and direction.

--> Internally Sturgeon is on the brink of becoming the 'Queen' maker. Despite her Scottish independence goals, she is the only one that is having an outstanding success. Let me tell you if she could/decide to run for the UK (impossible i know) I would be more than happy to vote for her and teach some maturity, clarity, leadership and clear policy direction to the bunch of idiots right now in the Labour and Tory party.

--> For now if she keeps playing the cards right she may lead Scotland to a 'golden age' by circumstances rather than direct politics. Scotland 'inheriting' the seat of the UK in the EU and splitting the UK in little England and the rest maybe the most spectacular outcome of this mess and may lead Scotland not the UK to another and better playing field for the future.

--> This scenario was laughable & unthinkable a few weeks ago but strange things happens in politics especially with a vacuum of power and your 27 closest allies, trading partners and neighbours all pissed off ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,580
  • Jun 28, 2016 6:17pm Jun 28, 2016 6:17pm
I am in!
But to be honest. I am flat live. I never tought that brexit would really happen and just traded the rumor... I dont feel comfortable in that panic mode trading so i try to avoid these days on live account and jump on the train when the dust settles.

-> No touch 1.118x / 1.098x (till W close)-> TP2 => No touch 1.1280 | 1.088x (till noon NFP) max r:r -=> (+)4:1*
39 traders viewing now, 1 is registered:
JackD.