I forgot how solid the foundation can be around here. Beautiful reminder, Hatches.
Next time you slice of pie isn't humble...
Its on me.
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
Disliked{quote} k...let me re-read, but... NO way! If accused (wrongly)...why the huff and puff? Wanker! Prove otherwise!Ignored
Disliked{quote} RATES mode trading (RMT ... this is my own acronym from now on) = Sell equities, sell commodities (especially gold) buy dollar and close your eyes until is over. There will be no other fundamental force, macro numbers or else that will prime over a CB about to hike. Basically, If you are long term buy and hold small investor is time to sleep and look somewhere else. The strength will last until the first mini hike and thereafter it will start fading away as the final inflation and interest rate targets gets more and more clear...Ignored
Disliked{quote} RATES mode trading (RMT ... this is my own acronym from now on) = Sell equities, sell commodities (especially gold) buy dollar and close your eyes until is over. There will be no other fundamental force, macro numbers or else that will prime over a CB about to hike. Basically, If you are long term buy and hold small investor is time to sleep and look somewhere else. The strength will last until the first mini hike and thereafter it will start fading away as the final inflation and interest rate targets gets more and more clear and...Ignored
DislikedOn the fundamental side not expecting much.
- Expecting a mildish/"nothing new" on the FED with tangentially some small hints on the expectations of last bad numbers but in general,[check]
- HIKES ARE coming in September so from mid/end MAY will enter officially in RATES mode trading till the summer.[in play]
Ignored
QuoteDislikedOn the technical side
- Key levels in play with a play that extends to the W/M roll combo.
- For the second time this year we have MID TERM macro swing levels in play. 1.122x [in play]is KEY and only macro level in play until the M/W roll for the leg to PARITY.
- We also have MAIN SWING levels in play until the W roll and next Tuesday that Europe comes back from Holidays. 1.126x [in play]i
...
QuoteDislikedFor the actual flows
- There is not much left. Bastards rode the meat of the meat before the noise but without surprises on the FOMC ...he simple technical plays for the M/W rolls are the ones in action:
- 1.112x [check] only level to track for the daily close for a simple play to 1.121x [check]with extension (exhaustion leg) to 1.128x [in play]
...
Disliked{quote} What levels are you tracking as the maximum upward momentum for EU bull until the RMT?Ignored
QuoteDislikedAs we know, after NY closing EU close above the daily resistance and beyond last FOMC high, probably bouncing back to the resistance turns into support (1.1052) till mid/end May?
QuoteDislikedSo whats the last 'indicator' for the Fed to make sure its hike time if they re no longer looking at employment etc etc? ...
Disliked{quote} ... puzzled about timing aspects. "is time to sleep" contradicts with "the strength will last until the first mini hike"Ignored
QuoteDislikedOf course coming hikes are a risk for equity traders, but it's not black and white, GDP growth PE-ratios also counts. I'm not that pessimistic for the coming months (this year)
DislikedDo any1 has to say anything about this ..... "when you don't understand anything why the hell things happening ... stay out of it "Ignored
DislikedEU, blue numbers should work for longs, best bet is next week into the new month. I feel like someone has said 0942 before- not sure who In GU, the current top 1.5497 bounced off a 50 (1.5497) which should be good for a long later on before shorting 5722 or 5877 {image}Ignored
Disliked....and surprise surprise ....we rolled as expected with 1.112x in play. Nothing new to do until the M/W roll combo. Same levels, same trades, same all... {quote} {quote} This is not a process that start on an exact time and date!!! Its just a very important information you need to have in the FA background for whatever you are planning to invest/trade. It will start in the next few weeks and any sane trader has to be aware of it ... Fighting hikes is choosing the pattern of MORE resistance and as you know we look for EXACTLY the opposite when trading....Ignored
Disliked{quote} Those blue lines does not fit on my charts( 0-100 levels), I guess we use gator's system differentlyIgnored
Disliked{quote} {quote} {quote} ...and that was pretty much it for this month and session. Taking 1.121x mini target in the opening range from the FOMC and only leaving a tiny rest for the "just in case" to clear 1.126x/8x area... but the move is pretty much over ... sisseIgnored