The Really Useless Thread

sisse,

I have one position open on EU as I cleared my positions on 2 test to the .114X level and now am managing reward. At any rate, was wondering what this looks like from a TA perspective to you...

"UJ on the test 103.8x...a break unlocks momentum to final target of the leg...."

What does a break look like? We have hit the 108.90 area. Do you look for a close above the 108.9X area? If so, what TF?

Thanks

Good numbers from the US and FX markets on the move. Lots of noise in the street of unconfirmed rumours of SNB in the market one more time eyeballing a clean sweep in sterling that will carry the Euro with it ...Take it with a pinch of salt as they are unconfirmed and large hands are fighting very hard to hold the 1.11xx handle in Euro for tomorrow ...

sisse

PS @IMARICH1 short term swing 100.8x -> 103.8 -> 105.3x -> ext is locked for now

Just woke up- what'd I miss?

Are you bastards selling GU again?

Heads up, dollar really wanting to break that wedge, new high already- need a close and a test of 97.46/97.62 is likely. Already got the 4 hour close

thats normal TA, not spooky mofu

That and more chatter about barriers in cable 1.2600/500 also talk of Japanese exporters on the offer in USD/JPY at 103.95/00 !

... and that was it for a rather moving session in the FX board. UK stealing the show ended up with very noisy gossip that Carney has pretty much decided to leave his job in the BOE. Hopefully not as it's one of the very few independent public servant with clarity and a plan in contrast with the improvised and unprepared talking heads that has taken over in the new UK government...

However, just before the close it was quickly denied as otherwise we will have had a massacre in confidence in the Pound ... for now expecting a rather dull session with the US just waiting for tomorrow. Only Euro losing floor right after the European close will give us something else today ....

Doesn't make any sense. Key barriers at those levels in cable are not real believe me....neither pricing, volatility or timing wise ...that is 99% chances a fake source of news .... my 2 cents ...

sisse

All currencies and commodities on to go in the least choppy days in months in those fronts. Euro flirting to follow though for the closing range to make things a lot easier for tomorrow but its still stuck in imminent break for nearly 2 weeks already in desperate need of a 'tweet' to hold until tomorrow.

Sterling in free fall as widely expected with most soft hands wiped out (as it always happen on a momentum trend move). If the move accelerate even faster we can lose a couple of handles very quickly (there is nobody in the bid at these levels except of retail trying to catch a 35 years low falling knife) until some 'official' or the BOE put a hard stop short term in what is already a massacre in Sterling since Brexit.

On the Equities board, subdue as widely anticipated first because numbers are good from all sides, second tomorrow key NFP, and third because the riskier it get in the UK and Europe, the higher the odds of an unavoidable BOE Bazooka 2,0 and ECB less hawkish with QE...so its basically a 'win-win' till hikes are trigger and profit taking take place....

sisse

Just tweets from some old folks in the business and saw it in forexlive news feed also , but as you said it doesn't make sense at these levels so wherever/whoever this info was picked from it's just talk !!

Canadian Dollar: A Little Less About Oil, a Little More about Rates

Link: http://www.forexfactory.com/news.php?do=news&id=610033

2 Year Notes

wtf is going on with GU?

The capitulation move we all been waiting for ?
And a brutal one - GU - 1.11234
(same time :07) - EU - 1.11420

700 pips in a few minutes, twitter doesn't have an answer- neither does my news feed. Same size move as the vote...

An EUR/GBP Short Order of mine just got triggered.
SL 10 Pips. Slippage: 165 Pips.

MADNESSSSSSSS WTF moment !!!!!.....

Capitulation.. finally

All targets hit in a moment of complete insanity. Lets see what the talking heads say now. Markets have spoken against the awful political BS all week...

There is plenty of [checks] to be review in the next few hours.

sisse

French President Hollande said Britain must suffer the consequences of leaving the EU to save it from an existential crisis -Financial Times

Massacre all over Sterling. GY, Gu, EG all trigger major mid and long term targets...damn need charts and my workspace to check details.
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sisse

Euro on the brink of lossing the lows and that will open Pandoras box across the board.

Important update until further data and the European open:

-> Changing short term outlook in Sterling from aggressive sell to untradable Sell.

sisse

zerohedge on twitter posted chart of pound and yen, a bit of carryover on other currancies and dollar but its centeralized pound. Twitter is saying Hollande, but that's one hell of a fall for her posturing....same as the brexit vote candle

lolol "untradeable sell" no shit....

Whew. New lows unlocked, patience pays.

I was expecting to lose a couple of handles to 1,23xx quickly but not like that and not overnight. 1,18xx the lowest i got.

Charts got destroyed after a move like that as there will be very wide variation on the levels. BOE 'circuit breakers' only 'buyer' at these levels not a place for anybody else until it settles

sisse.