The Really Useless Thread | Page 7290 | 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

  • #145,781
  • Nov 29, 2016 4:21pm Nov 29, 2016 4:21pm
Quoting janpec1000
{quote} Funny how 4 words triggered all those long posts.
That's because you two like to hear yourself talk
  • #145,782
  • Nov 29, 2016 4:23pm Nov 29, 2016 4:23pm
Quoting The Fool
{quote}total tweet mode shit, I expect the usual hash of contradictory ones....
$56 or $36 ... done deal TA wise ...FA gossips as per US close is aligning to no deal... but this is BS circus at best... as even a short term no deal will just be more noise than reality ....and wont last far beyond Q1 2017...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,783
  • Nov 29, 2016 4:26pm Nov 29, 2016 4:26pm
1.0568 was the low from two weeks ago, yet the market respected it... twice...weird eh?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 70 KB
Look Sharp/Trade Tight
  • #145,784
  • Nov 29, 2016 4:33pm Nov 29, 2016 4:33pm
Quoting PayTheLimit
1.0568 was the low from two weeks ago, yet the market respected it... twice...weird eh? {image}
3er test in the mid term (M) all three times with FED hikes and ECB in play ... short term and below is not in play at these levels. Although the inside daily bar today prolly made it very clean for those who trade intraday, I wouldn't recommend fading blindly in the next few sessions ....

Whatever the case, 1.056x is naked now and wont hold if we get a new test ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,785
  • Nov 29, 2016 4:40pm Nov 29, 2016 4:40pm
Quoting sisse
{quote} 3er test in the mid term (M) all three times with FED hikes and ECB in play ... short term and below is not in play at these levels. Although the inside daily bar today prolly made it very clean for those who trade intraday, I wouldn't recommend fading blindly in the next few sessions .... Whatever the case, 1.056x is naked now and wont hold if we get a new test ... sisse
I don't know whats gonna happen next, I do know that's its almost December, and I'm sick of this year....ready for it to be over...
Look Sharp/Trade Tight
  • #145,786
  • Nov 29, 2016 4:43pm Nov 29, 2016 4:43pm
might as well post this chart, and I do every year, as a public service announcement....beware the ides of December...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 56 KB
Look Sharp/Trade Tight
  • #145,787
  • Nov 29, 2016 4:46pm Nov 29, 2016 4:46pm
Quoting PayTheLimit
{quote} I don't know whats gonna happen next, I do know that's its almost December, and I'm sick of this year....ready for it to be over...
I hear you ... markets are aligning/waiting for a final plop/pop before closing books for the year.

OPEC will close the year in Commodities, Italy and ECB in currencies, FED in Equities and the last couple of weeks in the year are set to give the BrexiTrumpeters 'carte blanche' for a circus of populism and political BS in wide volatility while the rest enjoy the break.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,788
  • Nov 29, 2016 4:54pm Nov 29, 2016 4:54pm
Quoting Pharm0r
{quote} That's because you two like to hear yourself talk
Trebuchet hit right into the sack area. Hopefully it recovers.
  • #145,789
  • Nov 29, 2016 5:09pm Nov 29, 2016 5:09pm
Quoting janpec1000
{quote}....The way you approach it seems to be candle to candle basis which might result in lesser RR and lesser ....
You are taking the post out of context. This is the next part of the transcript from a collection of posts call it "Dissecting the market (The Basics)"[although @Pharm0r seem to hate it , the quote link is on purpose so others can easily track back the previous posts ...]

A few traders around found bits and pieces from conversations, emails and a long gone trading blog and private messages between the authors and some other traders .... I am only reposting what some very nice fellows collected for years and sent it to me. It's not meant at all to be explanation of my trading style but rather useful core concepts that can trigger and help some looking around for some clues on pure price action.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,790
  • Edited 6:15pm Nov 29, 2016 5:41pm | Edited 6:15pm
Quoting sisse
{quote} . It's not meant at all to be explanation of my trading style but rather useful core concepts that can trigger and help some looking around for some clues on pure price action. sisse
Helping me a lot as I am firmly ensconced over here as the mayor of Noobville. Retraining muscles to break bad habits has proved tougher than I thought and these posts have been great. I, like a few others here, collect these and compile into a reference file.
  • #145,791
  • Nov 29, 2016 8:36pm Nov 29, 2016 8:36pm
Quoting The Fool
{quote}Thanks. I googled "Jill Stein swimsuit", was gonna post a pic for ya.....I got nothin.....
I dont know what you mean
  • #145,792
  • Nov 29, 2016 8:56pm Nov 29, 2016 8:56pm
Quoting goosebone
{quote} Here it is: {image}
ok i dont follow...anyway whatever
  • #145,793
  • Nov 29, 2016 11:53pm Nov 29, 2016 11:53pm
Quoting PayTheLimit
might as well post this chart, and I do every year, as a public service announcement....beware the ides of December...
....good times.....

https://en.wikipedia.org/wiki/Global..._December_2008
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,794
  • Nov 30, 2016 4:33am Nov 30, 2016 4:33am
Quoting goosebone
{quote} Here it is: {image}
Chill or go away. Binary option
  • #145,795
  • Nov 30, 2016 5:40am Nov 30, 2016 5:40am
Never say never...Oil opened further extended drop target on XCAD, UCAD currently about 80 pips more to go. There is valid target at current extreme low of 3270.
Attached Image (click to enlarge)
Click to Enlarge Name: ae923796d48e4cce9a98ce086909e76f.png Size: 91 KB
  • #145,796
  • Nov 30, 2016 6:09am Nov 30, 2016 6:09am
...a soft European morning with OIL ruling the board....we are set to have an agreement. +7% and counting today but more interestingly it's unlocking a major leg in commodities (NG is already on its way from last week) for a clean sweep to 56.xx and then the extension to 63.xx for next year thanks to Trump commodity rally....

Opec confirmation will trigger:

--> Changing short term outlook in OIL from sell to buy ...

Here flattening all in OIL ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,797
  • Nov 30, 2016 6:25am Nov 30, 2016 6:25am
Watch-out for NY returning to the regular flows we are trading. Third day in a row with the upper hand. This time commodities are about to be clear, there is very little in between to hide....

Oil [and commodities in general] taking $50 for the M close is very hawkish for the FED and good for US Equities next year via inflation, very bad for the UK (the perfect storm is on top) also via inflation and very positive for CAD* but will trigger wide chop zone (cluster fck) in CAD mid term for the next Quarters ....

Eyes on reports and the actual headline form OPEC to close the commodity chapter this year....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,798
  • Nov 30, 2016 6:30am Nov 30, 2016 6:30am
OIl is looking interesting today. I personally am favouring Long term Longs on this asset. For me, I expect $70+ by mid next year so I am positioning myself accordingly. There is always the risk of a shock to the global economy plunging the price down to $30 a barrel but I can't see it getting lower than that (fingers crossed!)
  • #145,799
  • Nov 30, 2016 7:02am Nov 30, 2016 7:02am
GU opening very likely run up trough the highs path. Looking for micro longs to get in.
  • #145,800
  • Edited 7:19am Nov 30, 2016 7:02am | Edited 7:19am
Quoting Ross88
{quote} Chill or go away. Binary option
Thats a blast from the past. Had to look it up to remember. Now I got it. You came into the swamp thread throwing insults around telling Ken A, gator, others they were full of sh*t then you got flagged. Surprised you wanted to remember that. Don't know why you tagged me here.
120 traders viewing now