The Really Useless Thread | Page 7498 | 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

  • #149,941
  • Apr 18, 2017 10:07am Apr 18, 2017 10:07am
Quoting NMZee
{quote} Great call as usuall. I did my scalp late in asian session. 1 h supply zone 109.18. I entered at 109.12 got out at 108.80. Question, if i want to load more longs, which point should it be.
same place, u just adjust your position size to the same % of s/l. so if stopped out u dont lose more than that. the bears need to close below that 0856 and 0851.. between 0851 and 0856 is not to be trusted much either way. a dip below rejected, with a close above, should not be trusted as bearish.. these are levels not so big. this is the the sausage being made. a frog in a blender levels..

uj is bearish, but its near the 1.0801 target, w/o going back to 111.14 norm first. it gets volatile in the attempt of a turn.
those who can, do. those who cant, talk about those who can
  • #149,942
  • Apr 18, 2017 10:18am Apr 18, 2017 10:18am
eu looks like it dont want that usdx lower print atm. maybe that will change after 0737. when 0585 was hit that was my minimal entry to Long. but with usdx not reaching 101.52 it made me want to buy lower. i did buy but have since closed missing this run atm. i am bullish but still have that chance to buy lower open
those who can, do. those who cant, talk about those who can
  • #149,943
  • Apr 18, 2017 10:23am Apr 18, 2017 10:23am
...Europe going home with important updates from the currency front.

Euro* keep getting hit as good place to park money especially to Equities. UK news although just a knee jerk reaction expecting to serve as catalyst of the Brexit flows we already have been witnessing in the last few weeks. UK has triggered a delay by default in negotiations and soft uncertainty until the political front get clearer in the upcoming days/ weeks.

Euro* will find some bid from this front especially if the move in UK equities moves from a knee jerk reaction to a full blown sell off (not expected for now). However until we clear French elections the moves to Euro* will be constrained by default....and for that reasons only update for today UK news:

--> Changing short term outlook in Euro from Soft Sell to Neutral.

Expecting a compression in volatility in the Euro with 1.079x top / 1.061x bottom until we clear France (or obviously if Trump decides to nuke someone else in a Tweet)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,944
  • Apr 18, 2017 10:26am Apr 18, 2017 10:26am
Quoting gatorinla
eu looks like it dont want that usdx lower print atm. maybe that will change after 0737. when 0585 was hit that was my minimal entry to Long. but with usdx not reaching 101.52 it made me want to buy lower. i did buy but have since closed missing this run atm. i am bullish but still have that chance to buy lower open
Technically, eu should start coming down a bit now.
  • #149,945
  • Apr 18, 2017 10:33am Apr 18, 2017 10:33am
Quoting NMZee
{quote} Technically, eu should start coming down a bit now.
dono,, 0737 looks better on a failed attempt to 0785.. thinking 0623 is needed b4 0785..

std bbl
those who can, do. those who cant, talk about those who can
  • #149,946
  • Apr 18, 2017 10:41am Apr 18, 2017 10:41am
Quoting gatorinla
{quote} same place, u just adjust your position size to the same % of s/l. so if stopped out u dont lose more than that. the bears need to close below that 0856 and 0851.. between 0851 and 0856 is not to be trusted much either way. a dip below rejected, with a close above, should not be trusted as bearish.. these are levels not so big. this is the the sausage being made. a frog in a blender levels.. uj is bearish, but its near the 1.0801 target, w/o going back to 111.14 norm first. it gets volatile in the attempt of a turn.
Are you still holding your usdjpy long? if so what is your plan?
  • #149,947
  • Apr 18, 2017 10:51am Apr 18, 2017 10:51am
Quoting gatorinla
{quote} dono,, 0737 looks better on a failed attempt to 0785.. thinking 0623 is needed b4 0785.. std bbl
May I ask where 0623 comes from?
  • #149,948
  • Apr 18, 2017 10:51am Apr 18, 2017 10:51am
Quoting gatorinla
{quote} dono,, 0737 looks better on a failed attempt to 0785.. thinking 0623 is needed b4 0785.. std bbl
Long uj 108.52 SL 108.42
  • #149,949
  • Apr 18, 2017 11:32am Apr 18, 2017 11:32am
Quoting gatorinla
{quote} dono,, 0737 looks better on a failed attempt to 0785.. thinking 0623 is needed b4 0785.. std bbl
That looks likely. Bulls wanting 785 have 731 1st target with upper level at 737 and norm at 623. That 737 matches tight with bear mid on the run down from 905.
We'll see if fundamentals agree but 737 looks good for resistance..
Attached Image (click to enlarge)
Click to Enlarge Name: 737.png Size: 66 KB
  • #149,950
  • Edited 12:40pm Apr 18, 2017 11:47am | Edited 12:40pm
About Fr elections, new polls confirm it's still very tight but it seems again Macron is recovering (Macron to the second round = No Risk/Very very low risk (whoever he faces)).

OpinionWay : Macron 23%, Le Pen 22%, Fillon 20%, Melenchon 19%
Ifop : Macron 23,5% , Le Pen 22,5%, Fillon 19,5%, Melenchon 19%

Edit : new poll from Kantar Sofres shows a wider margin
Kantar Sofres : Macron 24%, Le Pen 23%, Fillon 18.5%, Melenchon 18%
  • #149,951
  • Apr 18, 2017 11:54am Apr 18, 2017 11:54am
Quoting Replicant
About Fr elections, new polls confirm it's still very tight but it seems again Macron is recovering (Macron to the second round = No Risk/Very very low risk (whoever he faces)). OpinionWay : Macron 23%, Le Pen 22%, Fillon 20%, Melenchon 19% Ifop : Macron 23,5% , Le Pen 22,5%, Fillon 19,5%, Melenchon 19%
Guccifer2.0 has to be pulling some all nighters working on Macron right about now.
  • #149,952
  • Apr 18, 2017 12:09pm Apr 18, 2017 12:09pm
Quoting Deitreider
{quote} May I ask where 0623 comes from?
Take look at the top one i just posted. Youll see the 623. Its H4 chart.
  • #149,953
  • Apr 18, 2017 12:17pm Apr 18, 2017 12:17pm
Quoting goosebone
{quote} Guccifer2.0 has to be pulling some all nighters working on Macron right about now.
During this campaign (I know it was the same in the US & the UK), the Internet has become the kingdom of fake news, keyboard warriors & robots. Due to his position against Russia and at the center of the political chessboard, Macron was/is the main target. I had some days the feeling to attend the end of the Truth.
  • #149,954
  • Apr 18, 2017 12:37pm Apr 18, 2017 12:37pm
Quoting goosebone
{quote} That looks likely. Bulls wanting 785 have 731 1st target with upper level at 737 and norm at 623. That 737 matches tight with bear mid on the run down from 905. We'll see if fundamentals agree but 737 looks good for resistance.. {image}
Am I mistaken to think that there is some relation to "Murrey Math" with some of these levels?
  • #149,955
  • Apr 18, 2017 12:49pm Apr 18, 2017 12:49pm
Sterling* shorts running for cover ......
Get Rich or Die Tryin
  • #149,956
  • Apr 18, 2017 12:50pm Apr 18, 2017 12:50pm
Quoting hoom
Sterling* shorts running for cover ......
cable 100 pips up in less than a minute...
Get Rich or Die Tryin
  • #149,957
  • Apr 18, 2017 12:52pm Apr 18, 2017 12:52pm
Quoting sisse
...and I will take that in Sterling* and FTSE. Triple whammy here.Pay day in Sterling*. ....
...and 'boom goes the dynamite' in Sterling*. Superb clean ride up in GU. Finally all remaining lagger shorts capitulating. Clearing second target on the test 1.289x in a rather quick double hit today and flat as pancake on EG on the test 0.831x. Only final extension open in Sterling.

This is one of the key move expected for this year that's it's panning out flawlessly and we are set to make the first [check] from the yearly outlooks...

Having a stormer day here ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,958
  • Apr 18, 2017 12:59pm Apr 18, 2017 12:59pm
Good to see a direct run after long time ....
Re-Incarnated
  • #149,959
  • Apr 18, 2017 1:02pm Apr 18, 2017 1:02pm
Quoting sisse
{quote} ...and 'boom goes the dynamite' in Sterling*. Superb clean ride up in GU. Finally all remaining lagger shorts capitulating. Clearing second target on the test 1.289x in a rather quick double hit today and flat as pancake on EG on the test 0.831x. Only final extension open in Sterling. This is one of the key move expected for this year that's it's panning out flawlessly and we are set to make the first [check] from the yearly outlooks... Having a stormer day here .... sisse
I hear ya
Here closed all GBPUSD too @ 1.29
held for nearly a month I must say I am proud of myself

But must Thank you Sisse : I must admit that your bias in GBP and the fact that it agreed with mine- is what contributed to my patience
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
  • #149,960
  • Edited 1:17pm Apr 18, 2017 1:06pm | Edited 1:17pm
Quoting hoom
Sterling* shorts running for cover ......
Capitulation loud and clear !

Also Euro finally testing that tricky 1.073x on the back of the move as was pretty much telegraph since the morning. We are done for the day but more interesting we have Sterling* finally out the the pending equation until the summer.

sisse

Quoting sisse
Thanks all ....table closed +++ TABLE CLOSED final live iteration in the Euro ++++ "Parit, Consolid ou Termin" => Long @1.062x STP: 1.052x TP1: 1.078x TP2: 1.086x (top target) TP3: 1.095x +/-max r:r: 1:5 ExForX kayaker => Short @1.062x STP 1.072x TP1 1.046x (bottom target) TP2 1.028x TP3 1.019x +/-max r:r: 1:5 Fadhl chronical Pharm0...

A quick update on the iteration front. All shorts out. For those trading live, plenty of signal and opps to clear short since last week so hopefully not many got caught.

+++ Final live iteration in the Euro ++++

Update 1

"Parit, Consolid ou Termin"


=> Long @1.062x STP: 1.052x TP1: 1.078x TP2: 1.086x (top target) TP3: 1.095x +/-max r:r: 1:5

ExForX

kayaker

=> Short @1.062x STP 1.072x TP1 1.046x (bottom target) TP2 1.028x TP3 1.019x +/-max r:r: 1:5

Fadhl

chronical

Pharm0

Earleone

ashenv


=> Neutral No Touch 1.082x or 1.042 until French elections are over +/-max r:r:1:2

pmmebids

goosebone

hoom

Grinsakh

suntan

gazpacho

IMARICH1

PAStalker

eborn

Pending conversations? PM for a chat...I am mainly in OTM now
106 traders viewing now