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The Really Useless Thread

  • #147,981
  • Mar 1, 2017 7:57am Mar 1, 2017 7:57am
Quoting primejarvis
Getting a break down alert ... Eu
false alert
Get Rich or Die Tryin
  • #147,982
  • Mar 1, 2017 8:25am Mar 1, 2017 8:25am
Quoting hoom
{quote} false alert
Somewhat the actual was triggered two days back but I was not able to post ... Anyways I still have it triggered twice in three days ... Might go a little high but it's triggered and play is in order and ready for green signal ....

Hehehe sometimes getting wrong is not bad at all ....
Re-Incarnated
  • #147,983
  • Mar 1, 2017 8:36am Mar 1, 2017 8:36am
Quoting primejarvis
{quote} Somewhat the actual was triggered two days back but I was not able to post ... Anyways I still have it triggered twice in three days ... Might go a little high but it's triggered and play is in order and ready for green signal .... Hehehe sometimes getting wrong is not bad at all ....
just teasing you ... euro still in the same bottom range , no break no shake , so far all the focus on SPX going through the roof and UJ stalled at 114.0x resistance .
Interesting moves so far .
Get Rich or Die Tryin
  • #147,984
  • Mar 1, 2017 8:52am Mar 1, 2017 8:52am
Quoting hoom
{quote} just teasing you ... euro still in the same bottom range , no break no shake , so far all the focus on SPX going through the roof and UJ stalled at 114.0x resistance . Interesting moves so far .
I know ... It was a joke ... Ofcourse no break no shake but my system is pointing an alignment of a break in today's session or in a couple of sessions ... Any view highly appreciated
Re-Incarnated
  • #147,985
  • Mar 1, 2017 9:41am Mar 1, 2017 9:41am
Quoting janpec1000
{quote} Both dollar and UK100 completing 70% of minimum legs targets, caught longs on UK100 7290, 7318.3, dollar pending missed. About it on fx side today, tracking equities after NYO. Tracking WRK and MASI both on long side.
Taking of here all UK100 longs for a nice run, completing short term leg target on 737X.
Nice micro clearout there on ECAD 4014-33, would be solid to add for new longs if caught.
WRK and MASI both on green moves so far, caught some on WRK still holding.
  • #147,986
  • Mar 1, 2017 10:46am Mar 1, 2017 10:46am
today 50% retrace of last microswing down was really unexpected for me. was expecting a break down already. its long overdue. wonder there the problem is. well see. same all
  • #147,987
  • Mar 1, 2017 10:54am Mar 1, 2017 10:54am
Quoting sisse
US Equities held strong confirming the exhaustion wave with an unconventional daily close play [uber check] in S&P unlocking the micro crumbs to 2373.xx [check] and the extension 2405.xx [in play] with any soft winds from Trump until NFP. ....
Great day for trading with solid moves across the board.

Simple ride in Equites cleaning the highs as widely expected after the last break. Sadly we failed by 'crumbs' to make the clean sweep in one session today. Here manually micro managing final positions in Equities as there is 'zero' room for retrace around this area but the perfect textbook of an exhaustion move with everybody on board.

On the rest of the board all markets behaving bar one: Euro short circuiting and breaking correlation short term on a key push in Equities sending a second HUGE signal this year that a major mid and long term bottom is cooking and only risk (elections and Brexit) will be on the table after we clear the FED.

Which even more importantly today everybody on board for the rally and even the most dovish of the dovish capitulating on hikes with a stagnating jump in expectations from 65% to 82% !!!! in less than 24 hours ....

Tracking EXTREMELY closely 1.057x for today's close....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,988
  • Mar 1, 2017 11:10am Mar 1, 2017 11:10am
Quoting chester123
today 50% retrace of last microswing down was really unexpected for me. was expecting a break down already. its long overdue. wonder there the problem is. well see. same all
Too many 'RUT' hands with stop limits waiting below 1.051x, isn't it? .... je je je

No for real, definitely 1.051x held very strong. On the TA side alone, the bad news is that everybody including most lagging retail will have now that level marked as key. On the FA side is clear that real money is starting to look for Euros with US and UK going on the protectionist route and outguessing 'good' elections results to buy value and left just dust for the rest ....

On the TA side, 1.051x is raised now. It may never get tested again or tested tonight ...nobody is sitting there anymore. Believe me on that one....

On the FA side, we are entering in FED hikes as done deal mode which if you remember will be the last major RMT in the first cycle for normalisation (the one that has the most impact in rate differentials and currencies). FED hiking will make me extremely cautious in Euro from then forward ....for today and this week is just pure technical week as we are positioning for FED hikes via Trump trigger yesterday.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,989
  • Mar 1, 2017 11:24am Mar 1, 2017 11:24am
Quoting sisse
{quote} Too many 'RUT' hands with stop limits waiting below 1.051x, isn't it? .... je je je No for real, definitely 1.051x held very strong. On the TA side alone, the bad news is that everybody including most lagging retail will have now that level marked as key. On the FA side is clear that real money is starting to look for Euros with US and UK going on the protectionist route and outguessing 'good' elections results to buy value and left just dust for the rest .... On the TA side, 1.051x is raised now. It may never get tested again or...
what do you mean sisse by "It may never get tested again or tested tonight" - I understand that the time-window for the short term swing down/mid term extensionnew low for long term bottom is closing very quickly from the FA side of course. But are you suggesting that if its not tested extremely soon it shall not get tested killing the short term swing?

Also suprising that the hikes pricing in has just so much limited impact on E/U downside. Maybe just a hint of the mid/long term bottom if we pass the elections well.
  • #147,990
  • Mar 1, 2017 11:32am Mar 1, 2017 11:32am
Quoting chester123
{quote} what do you mean sisse by "It may never get tested again or tested tonight" - I understand that the time-window for the short term swing down/mid term extensionnew low for long term bottom is closing very quickly from the FA side of course. .
Just an expression meaning that despite what happen next. 1.051x is naked now...

Lets open a quick poll for the next few minutes:

Will the Euro close below 1.053x today?

A. YES
B. NO

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,991
  • Mar 1, 2017 11:33am Mar 1, 2017 11:33am
Quoting sisse
Lets open a quick poll for the next few minutes: Will the Euro close below 1.053x today? A. YES B. NO sisse
I would guess YES
  • #147,992
  • Mar 1, 2017 11:35am Mar 1, 2017 11:35am
Quoting sisse
{quote} Just an expression meaning that despite what happen next. 1.051x is naked now... Lets open a quick poll for the next few minutes: Will the Euro close below 1.053x today? A. YES B. NO sisse
B. No
  • #147,993
  • Mar 1, 2017 11:41am Mar 1, 2017 11:41am
no
  • #147,994
  • Mar 1, 2017 11:41am Mar 1, 2017 11:41am

chester123 YES | vs | eborn, Grinsakh NO

Thanks ...let see.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,995
  • Mar 1, 2017 12:02pm Mar 1, 2017 12:02pm
Quoting sisse
{quote} Just an expression meaning that despite what happen next. 1.051x is naked now... Lets open a quick poll for the next few minutes: Will the Euro close below 1.053x today? A. YES B. NO sisse
A little bit late here. I guess it will close above
B
Trading in the shadow of SM
  • #147,996
  • Mar 1, 2017 12:44pm Mar 1, 2017 12:44pm
I say No

If .051x is naked and no one is there then another level will be tested. Perhaps, .061x?

I closed my Short at .0515 after it didn't penetrate to .0510. I am looking at another entry to scale in. Protected reward now on my last position. If I missed the momentum move, then I did. But, I have no losses and only gains on my 3 positions I took for this move to .048x.

Didnt like the fact, it didn't penetrate nor did test t again when US data -ISM was good.

sisse you are just too intelligent for some of us like me and I just can't always understand how you to know what you do. If chester123 is gettting confused then you can imagine some of us here are very confused.

I used to think a close below .0610 was bearish but not confident in that anymore. I think we get another chance to test .061x again.
  • #147,997
  • Mar 1, 2017 1:07pm Mar 1, 2017 1:07pm
Quoting IMARICH1
.. I used to think a close below .0610 was bearish but not confident in that anymore. I think we get another chance to test .061x again.
...and what makes you think anything has changed regarding 1.061x?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,998
  • Mar 1, 2017 1:21pm Mar 1, 2017 1:21pm
@IMARICH1 and others.
a trend dont just end without any strong final momentum ( Kneejerk at some significant TF ) . If we jump in and out suddenly you are without a position when the kneejerk comes. Been there to many times. The move sometimes come suddenly with a tweet, a leak , some unscheduled news etc at the most unconvenient time to be in a position after a squeeze t.ex.

I see what Sisse do ( Sometimes ) . And he often go flat after a kneejerk. Not before.
Trading in the shadow of SM
  • #147,999
  • Edited 1:49pm Mar 1, 2017 1:23pm | Edited 1:49pm
Nothing FA. But, TA we can't seem to test LOWS and with good US data despite Trump 'trumping' this long overdue move for the MID TERM leg.

Actually, .0510 looks like a FLIP level on Daily chart now.

My ignorance may be showing here but a Monthly close below .061X was a no brainer that .0510 would be tested/ .048X today with today's move and US data. But, it was heavily defended and did not reach it. Why? And, why won't it be defended again? Makes no sense to me. This is a huge level to protect for the Bulls and Bears can't seem to make any headway. I believe you said a close below .052X or .0510 would be the RAIN MAKER. This is why I believe it would not be naked now. But, obviously, I am wrong and do not know why.

I believe for now we are going to be testing the .0610 ->.064X -->054X until we get some news or "something" (something is whatever you seem to be in the know on i.e. Bonds, Treasuries, Yen, Bunds ect that I am clueless on knowing when to watch and when it means "something"). I am just looking at scaling in again if I get the chance. I made profit on all 3 positions for .048X and perhaps closed too soon. We shall see what awaits. It is frustrating to watch my profit leave on missing or waiting for a target by 20/25 pips and giving back 60 to 80 waiting for it. Looking at W chart, we could be forming a WEDGE until NFP which would mean 063X/.0640 is possible if .0510 holds.

Earleone, thanks for your comment as it makes sense to me and I may not be on the boat when it sails. I did enjoy the little excursion I got on but may have missed out on the bigger excursion.
  • #148,000
  • Mar 1, 2017 2:03pm Mar 1, 2017 2:03pm
Quoting sisse
chester123 YES | vs | eborn, Grinsakh NO ...let see. sisse
....and we are rolling 1.054x... Euro barely held but held with its fingernails at the end...irrelevant close tracking 1.053x till the European opening....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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