The Really Useless Thread | Page 7181 | 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

  • #143,601
  • Sep 28, 2016 5:58pm Sep 28, 2016 5:58pm
Quoting sisse
{quote} {quote} {quote} A shout at @IMARICH1 ... Three to Swing: Waves, Support & Resistance Levels, S&R Zones, and Trendlines Bar 3: ....
amazingly illustrated
  • #143,602
  • Sep 28, 2016 6:29pm Sep 28, 2016 6:29pm
Quoting Pharm0r
Dollar isn't looking healthy at all in this wedge- a bad report tomorrow and kaput....not to say it wont bounce back, but it'll break the wedge first and shake weak bulls...carrying xxx/USD with it
Could someone here explain why in early Asian Session both UJ and GU were up together? What is the possible logic for this event? It is not the first time. Yeah I know the best possible answer each pair has it's own fundamental problems.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #143,603
  • Sep 28, 2016 7:11pm Sep 28, 2016 7:11pm
Quoting RoelsMajor
{quote} Could someone here explain why in early Asian Session both UJ and GU were up together? What is the possible logic for this event? It is not the first time. Yeah I know the best possible answer each pair has it's own fundamental problems.
The period between NY close and Tokyo open is the thinnest liquidity time of the 24 hour FX trading cycle .

Concerning the scale of move , some orders when executed at such thin liquidity could lead to big moves on no related news.

Why the move was bigger in sterling [GU] is most likely due to stop loss orders getting triggered .
Get Rich or Die Tryin
  • #143,604
  • Sep 28, 2016 7:19pm Sep 28, 2016 7:19pm
While for all intents and purposes I'd agree with hoom- there's no way himself or myself could know the true answer.

That being said that are clues- I think you are assuming the underlying similarity between the two is the USD, so you're thinking that all USD pairs should be effected. That's not nessisarily true.

Could be a number of things- expanding on hoom's suggestion (low liquidity), maybe a huge Japanese car manufacturer suspects that the GBP is a good price right now, so he wants to buy 50,000,000 in GBP to pay his workers in the UK that work a factory in London. So he buys GBP using his YEN, thus making GBP rise and the dollar rise against YEN as his YEN is being sold. That's an extremely simplistic view, and the reality is it could be thousands of thousands of things, but it gives an idea into the type of situations that can cause such things and thus the realistic answer is:

"I have no f'ing clue"

If you want to try to connect the dots though, compare all crosses that have GBP/USD/YEN and you'll see where the buying and selling was. Who or what did it...probably not gonna find that. Could just be a coincidence...my go-to answer for anything screwy involving UJ is the government manipulating.
  • #143,605
  • Sep 28, 2016 8:08pm Sep 28, 2016 8:08pm
Thanks sisse
If you are new to FX don"t follow my trades, I 've blown many live accounts
  • #143,606
  • Edited 9:39pm Sep 28, 2016 8:31pm | Edited 9:39pm
Quoting Pharm0r
{quote} You're American?
Nope, I'm Slovenian, but it is the same circus here and I refuse to cooperate .

Quoting RoelsMajor
{quote} Could someone here explain why in early Asian Session both UJ and GU were up together? What is the possible logic for this event? It is not the first time. Yeah I know the best possible answer each pair has it's own fundamental problems.
Both at Extreme.

Quoting Fisher755
{quote} It is a stop hunt, imho. Not long until it reverses. Plus Kuroda in less than two days, so not expecting UJ to shoot up instantly.
Here, I am in UJ long for days already..
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiH4.png Size: 80 KB

EDIT:
So you had swing low in place on Daily and you sold UJ near resistance and near Extreme In Neutral Outlook ( not to mention PVSRA clues additionally - high activity coming from the lows on H4 and even Daily)....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiDaily 29.9..png Size: 57 KB
PVSRA
  • #143,607
  • Sep 28, 2016 10:17pm Sep 28, 2016 10:17pm
Quoting Fisher755
{quote} Nope, I'm Slovenian, but it is the same circus here and I refuse to cooperate . {quote} Both at Extreme. {quote} Here, I am in UJ long for days already.. {image} EDIT: So you had swing low in place on Daily and you sold UJ near resistance and near Extreme In Neutral Outlook ( not to mention PVSRA clues additionally - high activity coming from the lows on H4 and even Daily).... {image}
Ahhh Croatia, I'd love to visit some day
  • #143,608
  • Sep 28, 2016 10:40pm Sep 28, 2016 10:40pm
Thanks sisse for this info. Studying and absorbing. Best thing I can do is sit tight and watch and learn. I will ask questions when it deems appropriate.

hoom is asking good questions and chester123 has moved farther than most of us. I will sit back and let the more educated probe your intellect.

Thanks for the info today as it has already opened up another level for me. Studying!!!!
  • #143,609
  • Sep 28, 2016 10:47pm Sep 28, 2016 10:47pm
Quoting Pharm0r
While for all intents and purposes I'd agree with hoom- there's no way himself or myself could know the true answer. That being said that are clues- I think you are assuming the underlying similarity between the two is the USD, so you're thinking that all USD pairs should be effected. That's not nessisarily true. Could be a number of things- expanding on hoom's suggestion (low liquidity), maybe a huge Japanese car manufacturer suspects that the GBP is a good price right now, so he wants to buy 50,000,000 in GBP to pay his workers in the UK that...
Thank U Pharm0r and hoom.

After several hours, now UJ and GU in mutual part ways.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #143,610
  • Sep 29, 2016 12:07am Sep 29, 2016 12:07am
Quoting Pharm0r
{quote} Ahhh Croatia, I'd love to visit some day
Nope, have to disappoint you, I live in Slovenia, but spend most of the summers in Croatia (neighbour country)...
PVSRA
  • #143,611
  • Sep 29, 2016 4:51am Sep 29, 2016 4:51am
More bad news from German banks, Commerzbank fire almost 10000 employers .
Trading in the shadow of SM
  • #143,612
  • Sep 29, 2016 6:36am Sep 29, 2016 6:36am
Quoting Earleone
More bad news from German banks, Commerzbank fire almost 10000 employers .
So much of bad news coming from Europe .... but still nothing happened no effects to Eu ....
Re-Incarnated
  • #143,613
  • Sep 29, 2016 6:52am Sep 29, 2016 6:52am
Quoting primejarvis
{quote} So much of bad news coming from Europe .... but still nothing happened no effects to Eu ....
hehe, DB is to times the biggest actor in the Forex market. And since they have most of their assets in € they dont want to weaken euro before the fine to US 14 billions is paid in USD

( It is a joke. they know how to hedge ) , and this fine will never be paid anyway before it has been in courtsystem in both Europe and US and will possible be in the political system for years)
Trading in the shadow of SM
  • #143,614
  • Sep 29, 2016 6:57am Sep 29, 2016 6:57am
Quoting Earleone
{quote} hehe, DB is to times the biggest actor in the Forex market. And since they have most of their assets in they dont want to weaken euro before the fine to US 14 billions is paid in USD ( It is a joke. they know how to hedge ) , and this fine will never be paid anyway before it has been in courtsystem in both Europe and US and will possible be in the political system for years)
110% true you said it in a joke but thats the fact ... still hedging comes into play ....

but see the lathargic reaction of E/u ... as if it is so tired of the movement(as if moved like no other in the world has moved before)....

Edit : seems like it doesn't know what to do ... should i go north or should i go south ....
Attached Image
Re-Incarnated
  • #143,615
  • Sep 29, 2016 7:08am Sep 29, 2016 7:08am
Quoting primejarvis
{quote} 110% true you said it in a joke but thats the fact ... still hedging comes into play .... but see the lathargic reaction of E/u ... as if it is so tired of the movement(as if moved like no other in the world has moved before).... Edit : seems like it doesn't know what to do ... should i go north or should i go south .... {image}
Yes, close to one month overdue . Last long narrow ranging period was close to 2 months ( Dec 2015 to Feb 2016) .
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 44 KB
Trading in the shadow of SM
  • #143,616
  • Sep 29, 2016 7:24am Sep 29, 2016 7:24am
Quoting Earleone
{quote} Yes, close to one month overdue . Last long narrow ranging period was close to 2 months ( Dec 2015 to Feb 2016) . {image}
1stly your dates are not aligning with the bars you are pointing to ...

2ndly : it just consumed 69 working days & 24 weekends .... in this bloody +/- 454 pips ..... can you just imagine ....

if in the 1st week of october it doesn't gets its ass out from this zone .... i will keep my assistant to watch it ... and will go for a holiday .....
Re-Incarnated
  • #143,617
  • Sep 29, 2016 7:31am Sep 29, 2016 7:31am
Good Data across the board for US.....
  • #143,618
  • Sep 29, 2016 7:34am Sep 29, 2016 7:34am
Inline numbers in the US and we have the 'all clear' on the reports front for NFP... NY to settle the deal in Equities and commodities, on the FX board not much to see, with same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,619
  • Sep 29, 2016 7:59am Sep 29, 2016 7:59am
Quoting Fisher755
{quote} Nope, have to disappoint you, I live in Slovenia, but spend most of the summers in Croatia (neighbour country)...
I've always wanted to visit Croatia, in the US Navy there's rumors that the most beautiful women in the world are there. Same rumor for Australia but everything from the spiders to the jellyfish to the kangaroos kill people there
  • #143,620
  • Sep 29, 2016 8:05am Sep 29, 2016 8:05am
Perhaps, this day chart is revealing a SWING HIGH?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB
78 traders viewing now