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The Really Useless Thread

  • #142,761
  • Aug 30, 2016 12:08am Aug 30, 2016 12:08am
Well done all shorts in iteration #19 In retrospect it probably made more sense to short rather than long, and in hindsight with Yellen's speech it definitely made more sense! I don't know whether this NFP will be an excuse for bears to load more shorts if worse than expected, or an excuse for bulls to load more longs if better than expected, or neither. The probability of a September hike is still low according to the "experts", and not much above 50% for December. This Despite Yellen's speech!

Anyway, if I were short now I'd probably choose option (a) in iteration #19a, for what it's worth. Or possibly even (d) for a bounce off the SMA(200) and flip zone. A move back above 1.13 would not look good for the bears at this point I think.

Good luck everyone!
You reap what you sow.
  • #142,762
  • Aug 30, 2016 1:27am Aug 30, 2016 1:27am
Quoting sisse
LAST CALL +++++ Opening Iteration 19A +++++ Currently Euro trading @ 1.117x " Retrace or Reversal PART II - Frustration, Price & Indicators" SELL Fisher755, primejarvis, nuts, ptoftangency, Earleone, Fadhl, RoelsMajor,...
and I go with A.

wow, I thought I would be "dethronized" as I missed a few itinerations during the holiday - Ive already catched up. And I was not. Pleasant to know!!
  • #142,763
  • Aug 30, 2016 3:27am Aug 30, 2016 3:27am
I'm trailing on live so A it is.
  • #142,764
  • Edited 4:24am Aug 30, 2016 4:02am | Edited 4:24am
19A

I go B please / because I see the volatility (NFP ) knocking out even the largest of trailing stops , and nothing changed final targets in place .
  • #142,765
  • Aug 30, 2016 4:46am Aug 30, 2016 4:46am
I would like to stay put thanks Sisse
  • #142,766
  • Edited 5:04am Aug 30, 2016 4:52am | Edited 5:04am
Euro struggling to hold the handle in the European opening range and looks very heavy after a mixed bag of inline soft reports in the morning. Only euro tripping on the current intraday lows with NY will shake the FX board before NFP...on the rest nothing really new with same levels, same trades, same all....

On the iteration front:

TABLE CLOSED [only shorts]

+++++ Opening Iteration 19A +++++

Euro trading @1.117x


suntan, Pharm0r, Fisher755, ptoftangency, chester123 Trailling

goosebone, Earleone, CommercialB, Fadhl, nuts, clayey Stay put

primejarvis Add shorts

------- ------- -------

RoelsMajor Reverse Long


sisse

PS: When technology try to outsmart and override human beings in very simple task and fail miserably ..... is when you realise that we are very faaaar from AI taking over humans ....@Earleone stupid autocorrect didn't even warn about the change ...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,767
  • Aug 30, 2016 4:59am Aug 30, 2016 4:59am
Quoting sisse
the iteration front: TABLE CLOSED [only shorts] +++++ Opening Iteration 19A +++++ Euro trading @1.117x suntan, Pharm0r, Fisher755, ptoftangency, chester123 Trailling goosebone, Earlobe, CommercialB,...
Still @ Earlobe
Trading in the shadow of SM
  • #142,768
  • Aug 30, 2016 5:04am Aug 30, 2016 5:04am
Quoting Earleone
{quote} Still @ Earlobe
Oh Earleone... May be Sisse growing too old for remember that name...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #142,769
  • Aug 30, 2016 5:10am Aug 30, 2016 5:10am
Quoting RoelsMajor
{quote} Oh Earleone... May be Sisse growing too old for remember that name...
Maybe good to have some aliases . ( It is the auto speller that change it )
Trading in the shadow of SM
  • #142,770
  • Aug 30, 2016 7:28am Aug 30, 2016 7:28am
Quoting goosebone
{quote} Thanks for your thoughts on it. I see what you mean. I entered with two equal shorts up around that bear norm on your map and wish it was 4 or 5 entries rather than two since now my choice is to put away 1/2 here pre nfp (for reasons you mentioned) or hang on with the full nut. I see now how more than two entries allows for much more versatile strategy with fifo. Could be worse. I'll likely end up taking half at 116x if we get back before Fri.
In that case tp is around 1.0838 and 1.0579, I'd like to bail @ 1.0838 minimum with my last trade

I expect to see bulls stand their ground @ 1.1092, so that'll be for nfp to decide....if bad nfp and that bull norm is hit with some conviction, then I'll bail there
  • #142,771
  • Aug 30, 2016 7:28am Aug 30, 2016 7:28am
sisse,

Either you missed my post #142,172 on previous page or I am being sanctioned. I did have a question there. Thanks
  • #142,772
  • Aug 30, 2016 7:35am Aug 30, 2016 7:35am
Quoting IMARICH1
sisse, Either you missed my post #142,172 on previous page or I am being sanctioned. I did have a question there. Thanks
you're the golden child, dont worry
  • #142,773
  • Aug 30, 2016 7:53am Aug 30, 2016 7:53am
...and I will take that. For those following UJ clearing first target on the test 102.4x right on time for NY and NFP this week. Eyes on Euro for the opening as it's trying to escape down without allowing anymore soft hands to jump in ...

sisse

Quoting IMARICH1
sisse, Either you missed my post #142,172 on previous page or I am being sanctioned. I did have a question there. Thanks
Quoting IMARICH1
Sisse, Dont give up on me. Look at my post here right before you posted your iteration. I want everyone to see on Aug 17 ...
Quoting IMARICH1
Sell. In neutral you sell from extreme to target. ....
???

You are referring to ITERATION 18. Yes you were IN and stopped out

Quoting sisse
Shy board. Table closing in 6 minutes.... ++++Currently EURO is trading 1.126x++++ ITERATION 18 "Retrace or Reversal" ->...

ITERATION 18

"Retrace or Reversal" ....

-> LMT STP SELL 1.124x [check]-> TP1 => 1.114x | TP2 => 1.108x | TP3 => 1.094x | STP > 1.134x [check] | max r:r -=> (+)3:1*

....

IMARICH1


This is your answer for ITERATION 19

Quoting IMARICH1
I'm neutral today. We are in a neutral outlook so we sell at extremes. We are close to it but if midterm outlook is neutral it's just best i wait for now.
Final iteration is coming this week. Jump in there...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,774
  • Aug 30, 2016 8:04am Aug 30, 2016 8:04am
sisse,

Thanks. I sure have a way of showing my ignorance even in just mentioning an iteration. Sorry.

And, for your question for this iteration my answer is A (not that it matters, but, I explained why I would trail it). Thanks I still want to be transparent on my thinking on this trade and how to manage it if I was in the iteration.
  • #142,775
  • Aug 30, 2016 9:13am Aug 30, 2016 9:13am
Quoting Pharm0r
{quote} In that case tp is around 1.0838 and 1.0579, I'd like to bail @ 1.0838 minimum with my last trade I expect to see bulls stand their ground @ 1.1092, so that'll be for nfp to decide....if bad nfp and that bull norm is hit with some conviction, then I'll bail there
Yep. I see that 1092. Think I'm holding the whole position til nfp punishes or rewards me for the decision.
  • #142,776
  • Aug 30, 2016 10:24am Aug 30, 2016 10:24am
Quoting goosebone
{quote} Yep. I see that 1092. Think I'm holding the whole position til nfp punishes or rewards me for the decision.
FYI, I changed my plans and cleared for the month after this last break down of 1170. I just now sat down to peek at the past NFP's to establish any trends, and the September trend for NFP is red since 2010- not going to risk anything on it, and will start anew after. So I'll be sitting empty handed for NFP and the start of September.

1092 will be a good launching platform for a bad nfp number- and I wouldn't be at all surprised if we hang around that number for NFP, launch on a bad NFP- then reload shorts for the mid term, in fact that's exactly how I plan to play it

If good NFP then I'll probably have to play the momentum, at this point

I try to keep in mind what sisse has said before (paraphrased) "if we catch even 50% of the move, that is good*
  • #142,777
  • Aug 30, 2016 10:29am Aug 30, 2016 10:29am
Wow ... I m the only person to add shorts ... 
Re-Incarnated
  • #142,778
  • Edited 11:25am Aug 30, 2016 11:06am | Edited 11:25am
Quoting Pharm0r
{quote} FYI, I changed my plans and cleared for the month after this last break down of 1170. I just now sat down to peek at the past NFP's to establish any trends, and the September trend for NFP is red since 2010- not going to risk anything on it, and will start anew after. So I'll be sitting empty handed for NFP and the start of September. 1092 will be a good launching platform for a bad nfp number- and I wouldn't be at all surprised if we hang around that number for NFP, launch on a bad NFP- then reload shorts for the mid term, in fact that's...
That's sound planning (not that you need me to tell you that). And interesting about nfp in Sept. Im taking another look too. In my case its probably prudent to at least limit some risk by taking half off the table so I probably will do that between here and 109x. Greed is good but being wrong for free just might be a safer position for me going into it.
  • #142,779
  • Aug 30, 2016 11:32am Aug 30, 2016 11:32am
Europe going home with DOLLAR taking the driver seat after a key overshoot in consumer confidence. GOLD, Euro, Yen and to lesser extend Sterling on the verge of flipping the board for the fall. Equities holding good news is good news and bad news is also good news until FED hikes.

Day far from over and NY playing ball can trigger a rather large continuation moves in currencies and gold ....

On the iteration front:

Last 3 remaining longs stopped out on iteration 18...very poor performance and trade management in this iteration. I am v. surprise to be honest .....we'll get a review later.

sisse

Quoting sisse
++++ ITERATION 18 "Retrace or Reversal" Update 1 (1 hour 1 days)

++++Currently EURO is trading 1.113x++++

ITERATION 18

"Retrace or Reversal"

Final update (TOTAL TIME 12 hour 11 days)


-> LMT BUY 1.124x [check] -> TP1 => 1.134x [check] | TP2 => 1.140x | TP3 => 1.154x | STP =>1.114x [check] | max r:r -=> (+)3:1*

DexterMorgan

yofi

Chibaya



Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,780
  • Aug 30, 2016 12:16pm Aug 30, 2016 12:16pm
Expecting a small bounce near 1.112x... 
Re-Incarnated
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