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The Really Useless Thread

  • #144,741
  • Nov 3, 2016 4:49am Nov 3, 2016 4:49am
Quoting chester123
So here is the short term map - we got back to flip - still ST sell - map remains the same for me - so far no reason to readjust the lvls. the moment we clear elections the ST can continue. however, the top of the retrace is here now (based on sisse posts too) {image} Looking more closely. I took the short term positions today - see chart - thats the sub-short term flow I expect til the election (Im gonna fold in case of a NFP flop). {image} the moment we clear election Im gonna play the game mid term too. as we are at the top of the range in mid...
really great mapping ... i have a question .... don't you see weekly close near 1.098x - 1.101x

http://www.forexfactory.com/attachme...3&d=1478165937

we have lot of major waiting before weekly close ...

Edit : sorry i am really bad in giving explanation ....
Re-Incarnated
  • #144,742
  • Nov 3, 2016 5:22am Nov 3, 2016 5:22am
Quoting Pharm0r
Interesting, FED day and almost 0 input from the fabled "top 20" lets see some maps and thoughts!
you're the one that reached the top
  • #144,743
  • Nov 3, 2016 5:58am Nov 3, 2016 5:58am
I think this is a short term game changer for Sterling?

http://www.forexfactory.com/news.php?do=news&id=613465

Question is if Supreme court will take same decision. If so it will possible be No Hard Brexit IMO .
Trading in the shadow of SM
  • #144,744
  • Nov 3, 2016 6:00am Nov 3, 2016 6:00am
Quoting Earleone
I think this is a short term game changer for Sterling? http://www.forexfactory.com/news.php?do=news&id=613465 Question is if Supreme court will take same decision. If so it will possible be No Hard Brexit IMO .
anyone has a clue about supreme court ruling times?
  • #144,745
  • Nov 3, 2016 6:16am Nov 3, 2016 6:16am
Quoting Earleone
{quote} Babypips explain this things very well. Try to read back some 100 pages or sow in this thread and spend your time for that instead of trying to catch the runner on 5M tf. It will save you time and money in your trading education.
Thanks for the advice.

I read that page on babypips re stoch divergences.

Still need the answer.
  • #144,746
  • Nov 3, 2016 6:25am Nov 3, 2016 6:25am
Refreashed short of mine as well on EU @ 1.1107

Bought UJ as well 102.93 wouldn't mind getting it 100 pips lower at the norm

AU still in triangle

Time to get ready for work- bbl
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-11-03-TOS_CHARTS.png Size: 62 KB
Click to Enlarge Name: 2016-11-03-TOS_CHARTS-UJ.png Size: 60 KB
Attached Image
  • #144,747
  • Nov 3, 2016 6:26am Nov 3, 2016 6:26am
Quoting Botan626
{quote} Thanks for the advice. I read that page on babypips re stoch divergences. Still need the answer.
Why aren't you asking the guy who posted the chart about it? In the thread he posted it in?. What a strange inquiry. If you followed this thread you would know the discussion is never surrounding indicators or strategies for a 5 minute chart. Good luck.
  • #144,748
  • Nov 3, 2016 6:28am Nov 3, 2016 6:28am
Quoting primejarvis
{quote} really great mapping ... i have a question .... don't you see weekly close near 1.098x - 1.101x http://www.forexfactory.com/attachme...3&d=1478165937 we have lot of major waiting before weekly close ... Edit : sorry i am really bad in giving explanation ....
honestly, i have no clue about W close. I think its impossible to say "for sure" until we know NFP. I project it lower as I expect inline/slighly better NFP than the exectations are. If we flop - close is gonna be somewhere else. Thats why I would fold most likely to load later.
  • #144,749
  • Nov 3, 2016 6:58am Nov 3, 2016 6:58am
Quoting chester123
{quote} honestly, i have no clue about W close. I think its impossible to say "for sure" until we know NFP. I project it lower as I expect inline/slighly better NFP than the exectations are. If we flop - close is gonna be somewhere else. Thats why I would fold most likely to load later.
i don't know why but all my alignments are coming for a w close @ zone between 1.098x - 1.101x ... might get lower also as sisse major level comes in between 1.097x ...
Re-Incarnated
  • #144,750
  • Nov 3, 2016 7:55am Nov 3, 2016 7:55am
Quoting goosebone
{quote} Why aren't you asking the guy who posted the chart about it? In the thread he posted it in?. What a strange inquiry. If you followed this thread you would know the discussion is never surrounding indicators or strategies for a 5 minute chart. Good luck.
The guy posted the chart was last online in 2013. That thread is closed.

The title of this thread says it has no specific subject. No?
  • #144,751
  • Nov 3, 2016 7:59am Nov 3, 2016 7:59am
Quoting Botan626
{quote} The guy posted the chart was last online in 2013. That thread is closed. The title of this thread says it has no specific subject. No?
you are checking a thread with the most valuable materials ... found in the internet ,,,
Re-Incarnated
  • #144,752
  • Nov 3, 2016 8:22am Nov 3, 2016 8:22am
Quoting Pharm0r
Bought UJ as well 102.93 {image} {image} {image}
I'm with you on UJ, looking for 104.10/20 I think on em...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 16 KB
Look Sharp/Trade Tight
  • #144,753
  • Nov 3, 2016 8:25am Nov 3, 2016 8:25am
Quoting Earleone
I think this is a short term game changer for Sterling? http://www.forexfactory.com/news.php?do=news&id=613465 Question is if Supreme court will take same decision. If so it will possible be No Hard Brexit IMO .
Map for GBPUSD

Same reasons as for EURUSD with the Presidental election in driver seat, not the rate hike .
But more important for this one:
I believe this will make a Hard Brexit impossible. Some people that are thinking a little bit will vote about a deal when it is on the table. Britain continue with Parliamentary democracy and not direct democracy . Market trade expectations as Sisse has learned us. So I am possible to early. But I think market will soon enough come to this conclusion.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
Trading in the shadow of SM
  • #144,754
  • Nov 3, 2016 8:29am Nov 3, 2016 8:29am
Quoting Botan626
Hey everybody. The attached image is originally from Genesis Matrix Trading thread. http://www.forexfactory.com/showthre...00#post6162000 The guy posted it says that there is a bearish stoch divergence that could be spotted on the vertical dash line. Can anybody show it to me, please? Thanks in advance! {image}
come on guys you can help whit less effort than what you are spending refusing ...

Botan in the image in blu the divergence i can see.

That said i don't use divergences neither stochastic so i can be wrong.

About what has been said is true that if you check last months of this thread you can find much valuable information (much greater than many other threads here in FF): i suggest to do it even if it is a big task
Attached Image (click to enlarge)
Click to Enlarge Name: 11-5-12b.jpg Size: 308 KB
  • #144,755
  • Nov 3, 2016 8:38am Nov 3, 2016 8:38am
Quoting PayTheLimit
{quote} I'm with you on UJ, looking for 104.10/20 I think on em... {image}
When I look at that monthly, and the carry $ (~$50 a month per standard lot if my calcs are correct)....I'm tempted to leave open for 115.xx...probably dreaming, nothing to see until the weekly looks better imo.

I've got a 109.xx target with the chart posted, but norm isn't hit....that's why I'm expecting a possible touch 100 pips lower. Whatever the case, I'm feeling laissez faire
  • #144,756
  • Nov 3, 2016 8:43am Nov 3, 2016 8:43am
Quoting change
{quote} come on guys you can help whit less effort than what you are spending refusing ... Botan in the image in blu the divergence i can see. That said i don't use divergences neither stochastic so i can be wrong. About what has been said is true that if you check last months of this thread you can find much valuable information (much greater than many other threads here in FF): i suggest to do it even if it is a big task {image}
Start that line at peak around 5:15. Finish at peak around 6:55. There you go. What did we accomplish?
  • #144,757
  • Nov 3, 2016 8:51am Nov 3, 2016 8:51am
Quoting Earleone
{quote} Map for GBPUSD Same reasons as for EURUSD with the Presidental election in driver seat, not the rate hike . But more important for this one: I believe this will make a Hard Brexit impossible. Some people that are thinking a little bit will vote about a deal when it is on the table. Britain continue with Parliamentary democracy and not direct democracy . Market trade expectations as Sisse has learned us. So I am possible to early. But I think market will soon enough come to this conclusion. {image}
Based on your map, your short-term outlook is "buy"! I think it is still "Sell". The Court decision won't stop the brexit, it just restrained the government to lead alone the negotiation. Brexit will happen with a Parliamentarian decision; hence the uncertainty around the outcome is reduced.
On the other hand, today's BOE statement is influenced by inflation that is up with a higher speed, which in my view is not good, too.
GU could go up to a maximum of 1.28.
  • #144,758
  • Edited 9:07am Nov 3, 2016 8:52am | Edited 9:07am
Quoting goosebone
{quote} Start that line at peak around 5:15. Finish at peak around 6:55. There you go. What did we accomplish?
Agree, and imo the question is asked in the wrong thread. It should be asked where the copied chart was posted, we cannot know what the writer was thinking so he is the best adress for this. Personally I find this chart like a Christmas tree, cannot see from all these objects.. Only the lights all over are missing.

Quoting Earleone
{quote} Map for GBPUSD Same reasons as for EURUSD with the Presidental election in driver seat, not the rate hike . But more important for this one: I believe this will make a Hard Brexit impossible. Some people that are thinking a little bit will vote about a deal when it is on the table. Britain continue with Parliamentary democracy and not direct democracy . Market trade expectations as Sisse has learned us. So I am possible to early. But I think market will soon enough come to this conclusion. {image}
Imho GU is not the right pair to go long GBP. Too much difference FA wise....maybe better EG, GA, GN if you like... You get the idea.
I chose GN instead of GU, mostly because of that thingy...and the map NU is just about the same result if you care to draw it for yourself..
Attached Image (click to enlarge)
Click to Enlarge Name: NU H&S 3.11..png Size: 79 KB
PVSRA
  • #144,759
  • Nov 3, 2016 9:02am Nov 3, 2016 9:02am
Quoting Fadhl
{quote} Based on your map, your short-term outlook is "buy"! I think it is still "Sell". The Court decision won't stop the brexit, it just restrained the government to lead alone the negotiation. Brexit will happen with a Parliamentarian decision; hence the uncertainty around the outcome is reduced. On the other hand, today's BOE statement is influenced by inflation that is up with a higher speed, which in my view is not good, too. GU could go up to a maximum of 1.28.
Good points. Yes still Brexit. But not hard Brexit. Article 50 will not happen before there is a good deal between EU and UK that parliament can accept on the table if if Supreme court come to same conclusion.

I am not in Buy. Actually in Neutral short term. TP 3 is very ambitus and will need a change to buy or strong buy to be valid .
Trading in the shadow of SM
  • #144,760
  • Nov 3, 2016 9:04am Nov 3, 2016 9:04am
Quoting goosebone
{quote} Start that line at peak around 5:15. Finish at peak around 6:55. There you go. What did we accomplish?
No polemic here goosebone, message was not adressed to you in particular ...

I think we can give the same message (look elsewhere for trading) but with kind manners and more efficiency and it is what i tried to do

It's a public forum no? have newbies right to post silly questions too and have an answer or not? Otherwise there are skype rooms, paid courses, etc...

Peace bro
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