The Really Useless Thread | Page 7575 | 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

  • #151,481
  • May 17, 2017 7:34am May 17, 2017 7:34am
I am quite confident that we should see the Euro/Usd pull-back here at the 1.1133 - 1.1145 area, especially viewing it from the daily candles.
  • #151,482
  • May 17, 2017 7:51am May 17, 2017 7:51am
Quoting traderguy7
I am quite confident that we should see the Euro/Usd pull-back here at the 1.1133 - 1.1145 area, especially viewing it from the daily candles.
it's trying but buyers not making it easy
  • #151,483
  • May 17, 2017 8:10am May 17, 2017 8:10am
Quoting bhmoney
{quote} it's trying but buyers not making it easy
Be aware that I am looking at this from the daily charts. There is a possibility of a lot of up and down movements and noise in between that. And as a disclaimer I am only sharing what I am seeing, please do not blindly follow me or anyone here for that matter, it's important for you to do your own research and come up with your own conclusions as well if you want to truly develop into a trader.
  • #151,484
  • May 17, 2017 8:17am May 17, 2017 8:17am
Quoting Pharm0r
What a shit-show.
the starring turd is DJT & he's brought all the shitswirl upon himself. Elected because he's not a politician to a position where being a politician is the No. 1 priority. I get the feeling that this is a man who has not a single friend. Hey, who needs em? Just buy off whoever you need and anyone else in the way sic the attorneys on em. Only people he trusts is his immediate family & prolly only half of them. Anybody knows you can't trust someone who trusts no one. Stack the inner circle with the kids and son-in-law & his voters who screamed "No more WH dynasties!" re: Bushes & Clintons are too dumb to own a sense of irony. Meanwhile obviously around every corner is someone with a dagger or a leak. A fitting end would be just like the clip I posted, but it won't be that quick and easy....too bad.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,485
  • May 17, 2017 8:18am May 17, 2017 8:18am
Quoting traderguy7
{quote} Be aware that I am looking at this from the daily charts. There is a possibility of a lot of up and down movements and noise in between that. And as a disclaimer I am only sharing what I am seeing, please do not blindly follow me or anyone here for that matter, it's important for you to do your own research and come up with your own conclusions as well if you want to truly develop into a trader.
if you read my previous comments from today, I already pointed out this range. I've been a full time trader for 17 years so hope I am developed by now....
  • #151,486
  • May 17, 2017 8:19am May 17, 2017 8:19am
Quoting bhmoney
{quote} if you read my previous comments from today, I already pointed out this range. I've been a full time trader for 17 years so hope I am developed by now....
In that case, that is my mistake, please accept my apologies. I take it you are short as well around this area?
  • #151,487
  • May 17, 2017 8:20am May 17, 2017 8:20am
Quoting Fadhl
Note that all Equities are falling!
I think we will continue in full risk off mode for a period. Gold bullish, Yen bullish, oil bullish, Equities bearish,
Trading in the shadow of SM
  • #151,488
  • May 17, 2017 8:25am May 17, 2017 8:25am
Quoting traderguy7
{quote} In that case, that is my mistake, please accept my apologies. I take it you are short as well around this area?

ya, just small right now though. Would like to see a good rejection from here first below 1115, then maybe add into a retest of that area with a stop above here. If it never comes back, great got one of the rare easy ones regardless of $ gained.
  • #151,489
  • May 17, 2017 8:25am May 17, 2017 8:25am
Quoting Earleone
{quote} I think we will continue in full risk off mode for a period. Gold bullish, Yen bullish, oil bullish, Equities bearish,
Agreed.

I messaged sisse (no response yet), but I'll put it out to the thread as well to chew on. Seems to me the economic bullishness of the dollar has been completely hijacked by the fiscal bearishness (no shit right?). It makes me think that dollar has moved to ST sell due to current Trump fiasco, and that mid term has moved to neutral due to uncertainties regarding the trump admin. The next 4 years are shaping up to be plagued with fiscal hijacking of the dollar over and over and over...

Is there a point where the market will just get tired of the fiscal/political bull shit and focus on real economic factors....or are we in for a wild and bumpy 4 years on the dollar side. Even more, to back this up, as both gator and sisse have shown numerous times....dollar tends to fall under Republicans
  • #151,490
  • May 17, 2017 8:29am May 17, 2017 8:29am
Quoting bhmoney
I've been a full time trader for 17 years so hope I am developed by now....
I'm on a govt computer and it won't let me pick from the emoticons.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,491
  • May 17, 2017 8:30am May 17, 2017 8:30am
Quoting Pharm0r
{quote} It's a reasonable argument....that in order to oust Trump, his aids/constituents are willing to commit a crime and risk national security themselves. Two wrongs and what not. So, if Trump finds the leak (which in such a top secret meeting with such sensitive information and so few people he's bound to be able to narrow in) then prosecutes them for treason- what will the anti-Trumpers do? What will the judges do? Will they insert themselves into the investigation and circumvent the law? will Trump now be considered a crazed murderous dictator?...
There is/was/will be no reason to listen to VPutin before Trump, during or after. What he says might be viewed as untrustworthy, this way or that, but that isn't Trump related. It's Putin related. No spin from either side required to discount any position he takes as aggressively self-interested bs not worth the state controlled newspaper its printed on.
  • #151,492
  • May 17, 2017 8:31am May 17, 2017 8:31am
Quoting The Fool
{quote}I'm on a govt computer and it won't let me pick from the emoticons.
1, 2 or 3?

1.
2.
3.
  • #151,493
  • May 17, 2017 8:33am May 17, 2017 8:33am
Quoting goosebone
{quote} There is/was/will be no reason to listen to VPutin before Trump, during or after. What he says might be viewed as untrustworthy, this way or that, but that isn't Trump related. It's Putin related. No spin from either side required to discount any position he takes as aggressively self-interested bs not worth the state controlled newspaper its printed on.
So- on that note, how do you expect the US to ever mend relationships with Russia? Are we just destined to be mortal enemies for the rest of time?

All the US moves are also self interested..
  • #151,494
  • May 17, 2017 8:41am May 17, 2017 8:41am
Quoting Pharm0r
{quote} Agreed. I messaged sisse (no response yet), but I'll put it out to the thread as well to chew on. Seems to me the economic bullishness of the dollar has been completely hijacked by the fiscal bearishness (no shit right?). It makes me think that dollar has moved to ST sell due to current Trump fiasco, and that mid term has moved to neutral due to uncertainties regarding the trump admin. The next 4 years are shaping up to be plagued with fiscal hijacking of the dollar over and over and over... Is there a point where the market will just get...

june fed futures have fallen from 86% to 63% this week. what was once a slam dunk hike priced in move is now looking more at odds
  • #151,495
  • May 17, 2017 8:44am May 17, 2017 8:44am
Quoting Pharm0r
{quote} So- on that note, how do you expect the US to ever mend relationships with Russia? Are we just destined to be mortal enemies for the rest of time? All the US moves are also self interested..
Is that anyone's goal? Really? I guess thats why i loaded the IRA with XOM after the election but I wouldn't call that "mending relations"

All nations are and should be, obviously, self interested. I meant communications. The question of whether Putin says he has some proof of this or of that should be categorically ignored. Like all communications from the Kremlin pre and post Trump. Thats all.
  • #151,496
  • May 17, 2017 8:46am May 17, 2017 8:46am
any of you use market or volume profile with your trading? I come from a futures background where it dominates and still use it for 6e(euro), 6j(yen). 6b(pound). obviously need cme exchange data but the levels i find are often uncanny and involve the supply/demand/rotation of the market rather than a lagging indicator.
  • #151,497
  • May 17, 2017 8:50am May 17, 2017 8:50am
Quoting Pharm0r
{quote} Agreed. I messaged sisse (no response yet), but I'll put it out to the thread as well to chew on. Seems to me the economic bullishness of the dollar has been completely hijacked by the fiscal bearishness (no shit right?). It makes me think that dollar has moved to ST sell due to current Trump fiasco, and that mid term has moved to neutral due to uncertainties regarding the trump admin. The next 4 years are shaping up to be plagued with fiscal hijacking of the dollar over and over and over... Is there a point where the market will just get...
I agree with both of you; however, I'm not sure about the big players perspective; is it valuable to be in panic move? or they will fade the long knee-jerk reaction so far? how central banks will manage this chaos? I don't have answers to these questions, may be you and other more experienced people can give it some insight.
  • #151,498
  • May 17, 2017 8:51am May 17, 2017 8:51am
Quoting bhmoney
any of you use market or volume profile with your trading? I come from a futures background where it dominates and still use it for 6e(euro), 6j(yen). 6b(pound). obviously need cme exchange data but the levels i find are often uncanny and involve the supply/demand/rotation of the market rather than a lagging indicator.
I don't use it extensively, however, I do know enough that volume helps as an indicator to distinguish between a fakeout and a genuine move. Care to share your thoughts?
  • #151,499
  • May 17, 2017 8:58am May 17, 2017 8:58am
Quoting Fadhl
{quote} I agree with both of you; however, I'm not sure about the big players perspective; is it valuable to be in panic move? or they will fade the long knee-jerk reaction so far? how central banks will manage this chaos? I don't have answers to these questions, may be you and other more experienced people can give it some insight.
I'm just a mofuer trying to learn fundamentals like you, goose, chester, and the rest. Taking my stab at it this week, kind of a kick in the right nut from sisse and a kick in the left nut from Trumpy. Guess that's what I get for poking the bear
  • #151,500
  • May 17, 2017 9:00am May 17, 2017 9:00am
Quoting Pharm0r
{quote} I'm just a mofuer trying to learn fundamentals like you, goose, chester, and the rest. Taking my stab at it this week, kind of a kick in the right nut from sisse and a kick in the left nut from Trumpy. Guess that's what I get for poking the bear
) Good one
12 traders viewing now