The Really Useless Thread | Page 7404 | 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

  • #148,061
  • Mar 2, 2017 4:30pm Mar 2, 2017 4:30pm
B if I have to take a pick.
  • #148,062
  • Mar 2, 2017 6:25pm Mar 2, 2017 6:25pm
Quoting sisse
While we wait for the FX close.... as we did a couple of years ago with FB, now with SNAP opening a quick portfolio iteration for those interesting in broadening the trading scope: SNAP closing $24.5 after the usual wild range on the first sessions of trading. If you want to load SNAP in a portfolio: a. Buy MKT @ $24.5 targeting a return of TP1 (10%) => $26.9x => TP2 (20%) $29.4x STPs 3% below the lows of the range. b. Buy LMT 10% below @$22.x0 targeting TP1 (22%) => $26.9x => TP2 (34%) $29.4x STP 5% below c. Nothing to see here. Play a compression...
A for me
  • #148,063
  • Mar 2, 2017 6:39pm Mar 2, 2017 6:39pm
Quoting Pharm0r
Snapchat started as a way for kids to send nudes to eachother INSTAGRAM will outpace snapchat- it took their only gimmick by introducing "stories" and "live". INSTAGRAM is also owned by FB, and wildly more popular. There is a subculture via 4chan.org that uses snapchat for illegal porn/drug interactions Don't think snap will have the legs instagram and facebook do. Mostly because instagram has already stolen their "niche"
I disagree and think SNAP has more legs because the fact that FB owns IG. One of the reason SNAP is so popular is the privacy of it and now with the facial recognition and FILTERs that everyone (especially the women) uses. The filter feature and the vanity of women really propelled SNAP and made it popular aka DOG filter lol. It has cornered a niche market unlike when IG took out Vine by added more seconds to a post. IG may have added stories and live but it doesn't have the filters which makes snap truly unique. And People upload their filtered snaps into IG. So as long as it has that uniqueness it has legs. And conventional wisdom would make you think if one app can do everything like IG doing stories it would make SNAP obsolete but I've noticed that SNAP with its filters has its own culture which will make it stay a little longer. at least longer than when IG adapted Vines capabilities.
I would go with B
  • #148,064
  • Mar 2, 2017 9:39pm Mar 2, 2017 9:39pm
Quoting gatorinla
{quote} i still have the uj to go lower, but b4 a 106.xx handle i am shooting to get a S entry.. 114.07 is no surprise (kinda expected).. i am trying to surgically place one pending at 115.61 (missed).. my stop is just above 115.62.. 3.5 pip stop may be enough.. {image}
pending surgery entry (115.61) missed atm.. close but no cigar, 3 weeks later. atm high 115.59
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 35 KB
those who can, do. those who cant, talk about those who can
  • #148,065
  • Mar 2, 2017 10:08pm Mar 2, 2017 10:08pm
Quoting sisse
Where are the millennials ? ... ... for those new into individual stocks the FA side will be a lot more manageable and easier to grasp than in FX but the transparency of information will be harder to get. SNAP is a good idea to test the waters in a new instrument .... {quote} a. Buy MKT @ $24.5 targeting a return of TP1 (10%) => $26.9x => TP2 (20%) $29.4x STPs 3% below the lows of the range. Earleone b. Buy LMT 10% below @$22.x0 targeting TP1 (22%) => $26.9x => TP2 (34%) $29.4x STP 5% below hoom...
B Here
  • #148,066
  • Mar 2, 2017 10:28pm Mar 2, 2017 10:28pm
Oh my... i had to google for 'snap'...

Quoting sisse
While we wait for the FX close.... as we did a couple of years ago with FB, now with SNAP opening a quick portfolio iteration for those interesting in broadening the trading scope: ...
  • #148,067
  • Mar 2, 2017 10:34pm Mar 2, 2017 10:34pm
Quoting gatorinla
{quote} pending surgery entry (115.61) missed atm.. close but no cigar, 3 weeks later. atm high 115.59 {image}
I had final tp at 114.9x and 115.4x and was also planning for shorts after. But seems too obvious and yellen/fischer might see a large overshoot tonight with stops sitting above i presume. So shall wait and see... Also have a voice in my head reminding of a probable upset after all the expectation of March hike
  • #148,068
  • Mar 3, 2017 3:40am Mar 3, 2017 3:40am
Solid numbers from the EZ while UK slightly softening the last few weeks. European morning session pretty much over at the top of the hour with nothing to see until NY....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,069
  • Mar 3, 2017 3:50am Mar 3, 2017 3:50am
Quoting goosebone
{quote} Yep. Internet changed a lot. Funny how since the Internet came around we don't let our kids outside on their own. Logical and illogical at the same time. We became acutely aware of just how many freaks there are. Ignorance was bliss. EU D close under 510.
21st century, the century of data (internet as one of heaviest lifters for it), points to what your getting there. The more data, the more you become aware or overreacting to things around. But in majority cases its on positive side, i do agree the one you pointed is a negative though.
  • #148,070
  • Mar 3, 2017 3:51am Mar 3, 2017 3:51am
7377 UK100 gave away, expected some hold from GBP weakness... i guess not.
  • #148,072
  • Mar 3, 2017 6:05am Mar 3, 2017 6:05am
Quoting sisse
{quote} a. Buy MKT @ $24.5 targeting a return of TP1 (10%) => $26.9x => TP2 (20%) $29.4x STPs 3% below the lows of the range. Earleone Pharm0r Replicant cashfacto b. Buy LMT 10% below @$22.x0 targeting TP1 (22%) => $26.9x => TP2 (34%) $29.4x STP 5% below hoom goosebone...
B) buy limit, in worst case I miss the train
  • #148,073
  • Mar 3, 2017 6:36am Mar 3, 2017 6:36am
Uneventful European session with only highlight of Euro as only currency holding in strength against Dollar.

Interesting flows the last few weeks in the currency board giving us some teaser of what is going to be the general flow correlation for the mid and long term. Euro keep sending early signals all over the place that major changes are cooking in the background....

On the rest of the board, not much to see or do till NY...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,075
  • Mar 3, 2017 7:04am Mar 3, 2017 7:04am
Quoting sisse
{quote} ...
Final call in SNAP .... The bell will automatically close the iteration.


a. Buy MKT @ $24.5 targeting a return of TP1 (10%) => $26.9x => TP2 (20%) $29.4x STPs 3% below the lows of the range.

Earleone

Pharm0r

Replicant

cashfacto

b. Buy LMT 10% below @$22.x0 targeting TP1 (22%) => $26.9x => TP2 (34%) $29.4x STP 5% below

hoom

goosebone

SorinAQ

roobii

Tinytrader

Grinsakh


c. Nothing to see here. Play a compression of volatility neither $26.5x or the bottom $23.0x of the opening range will be taken in the next month (risking 4% for 8% return).

nutts


PS: At the spammer above, clean your garbage and go somewhere else on the same time frame to avoid get banned.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,076
  • Mar 3, 2017 7:08am Mar 3, 2017 7:08am
for the 4th time in a week getting a break down alert .....

lets c how it pans out ....
Re-Incarnated
  • #148,077
  • Mar 3, 2017 7:15am Mar 3, 2017 7:15am
Quoting primejarvis
for the 4th time in a week getting a break down alert ..... lets c how it pans out ....
You maybe getting too close to the market ...its a 2 years major low (currently 7th major test in the same period ) that unlocks 15 year old levels.

Let me ask you a question right now before NY:

What do you think has more odds for today's close:

1a. 'This is a trap, shorts are trapped and getting spank' Euroto close above 1.061x in a one major engulfing bullish candle.
1b. 'Nay just noise, there is nothing to see here' Euro to close around 1.061x until NFP and FED hikes
1c. 'This is just a mini 'dead cat bounce' before the hikes capitulation move' We will close today @ 1.045x on the very lows.

Just quickly as there is no point in waiting for charts to talk first...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,078
  • Mar 3, 2017 7:21am Mar 3, 2017 7:21am
1c
  • #148,079
  • Mar 3, 2017 7:24am Mar 3, 2017 7:24am
1b. 'Nay just noise, there is nothing to see here' Euro to close around 1.061x until NFP and FED hikes
don't predict direction, but dance with flow of water
  • #148,080
  • Mar 3, 2017 7:26am Mar 3, 2017 7:26am
Quoting sisse
Uneventful European session with only highlight of Euro as only currency holding in strength against Dollar. Interesting flows the last few weeks in the currency board giving us some teaser of what is going to be the general flow correlation for the mid and long term. Euro keep sending early signals all over the place that major changes are cooking in the background.... On the rest of the board, not much to see or do till NY... sisse
There is great scope for a strong mid-term turnaround in EURUSD.

Fed Funds Futures are now implying a 77% chance of a March rate hike - making it a done deal. in the view of the market. In reflecting this recent change of sentiment, 2-year Treasury yields have risen over 15bps over the past week, climbing from 1.14% to 1.31% - where they are currently trading.

By comparison, the yield on the 2-year bund remains firmly in negative territory, yielding -0.81% - a level which is wholly inappropriate to Germany, where inflation is printing 2.2%, in excess of the ECB target of "close to but under 2%". The reasons for such a negative yields are, of course, political risk, namely the French (and, to a lesser extent, the Dutch) elections and the ECB removing the yield floor of -0.4% on assets eligible for purchase under their QE programme - this action effectively opened up the market for short dated bunds to a huge buyer (the ECB) and has left real yields crushed. But for how long?...

With decent economic data coming out of the Eurozone and inflation above target in Germany, the political pressure for the ECB to scale back their accommodative approach will become hard for the central bank to ignore. The political pressure will be most acutely exerted from Germany, as the country's politicians goes into full campaign mode. If the Federal Reserve are tightening 3 or perhaps 4 times in 2017, then there will also be pressure on the ECB from international voices.

It will be interesting to see the wage growth in next week's NFP report, which will paint a clearer picture on inflation, which could, assuming economic data is robust, lead to a base case emanating from markets of 4 rate hikes expected from the Fed this year.
226 traders viewing now