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The Really Useless Thread

  • #149,561
  • Apr 11, 2017 5:07am Apr 11, 2017 5:07am
Quoting chester123
While oil on move and EU nothing to see. Anyone of you guys planning to load UK100 ST/MT/LT? Im still not sure of the timing for ST and MT. The top looks wide open. Maybe tracking 7360 for W1 close will give us some clue. any comments welcomed
Hi Chester,

same questions ST here, current move strong, 7400 and 7450 the critical points if you ask me
Don't be a hero. Don't have an ego. Always question yourself
  • #149,562
  • Apr 11, 2017 5:08am Apr 11, 2017 5:08am
Quoting longshot_nl
eu 0555 is 61.8 retrace. also bottom mofu and pa level on weekly.
sorry for big chart.
maybe something like this.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 109 KB
  • #149,563
  • Apr 11, 2017 6:06am Apr 11, 2017 6:06am
Quoting chester123
While oil on move and EU nothing to see. Anyone of you guys planning to load UK100 ST/MT/LT? Im still not sure of the timing for ST and MT. The top looks wide open. Maybe tracking 7360 for W1 close will give us some clue. any comments welcomed
With risk increasing, I don't think Trump has a room to cut taxes. Hence, I see another movement to the upside and then a direct drop for US Equities which will affect all other equities. I prefer selling it from the top. I already have a Sell Limit for Dow at 21400. This scenario is closer than we think.
  • #149,564
  • Apr 11, 2017 7:06am Apr 11, 2017 7:06am
A soft European morning with same trend as in the last couple months: stronger macro numbers from the EZ, and a bit more than uncomfortable now softening of UK numbers across all sectors.

However, highlight come from the inflation front. One more time overshoot in inflation and we are set to go above BOE target this Quarter. Real (and dangerous) alerts triggered in the UK inflation front that are aligning to trigger a spiral up if BOE doesn't take action soon. Sterling* is going to get hit up and down this year as a punching bag very sharp and in very fast swings.

For those trading/tracking UK Equities, they now officially look scary overvalued, holding on US and European good numbers but it's not matter of if any longer but when will trigger a rather sharp pullback to start with.

We have pretty much the perfect storm on top: Softer macro numbers, inflation, RMT (hikes on inflation not on strength), EU related business relocating out by the day, risk via security concerns & global politics and to put the cherry on top Brexit negotiations for the next +2 years or so (that has softening in the short term obviously with the current outlook and circumstances).

Lots of opportunities for trading there ....

On the rest of the board, all markets behaving without much to update for NY.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,565
  • Edited 7:55am Apr 11, 2017 7:43am | Edited 7:55am
Quoting chester123
While oil on move and EU nothing to see. Anyone of you guys planning to load UK100 ST/MT/LT? Im still not sure of the timing for ST and MT. The top looks wide open. Maybe tracking 7360 for W1 close will give us some clue. any comments welcomed
No brainer TA wise...simple stuff there but you can trade it directly or via correlated markets (you may get better bang for the buck).

Fade the current highs -> 7380x for 7088.xx (very strong and key FA and TA support now)...only if that is taken we'll see a correction of +/- 15% in the mid term, Further down is unlock FA wise via brexit but we will need more data and details of the extend of the brexit damage during the negotiations (for now I expect a further -25% in the mid/long term but will adjust according to the process). ...

Don't forger the UK is smaller in size than the US. Large UK businesses influence and control politics a lot easier than the US because they are pretty much a close small group working in synch when they want to take advantage of the government. Right now the 'usual suspects' are sleeping with the Government and the City is 'happily' squeezing the short term circumstances (They have the government caught by the balls in this one via Brexit) and more importantly if they pull the plug there is 'nowhere' to go short term until Europe clears elections and etc.

UK equities wont fall alone without Europe and the US equities playing ball first.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,566
  • Apr 11, 2017 8:08am Apr 11, 2017 8:08am
Quoting sisse
{quote} No brainer TA wise...simple stuff there but you can trade it directly or via correlated markets (you may get better bang for the buck). Fade the current highs -> 7380x for 7088.xx (very strong and key FA and TA support now)...only if that is taken we'll see a correction of +/- 15% in the mid term, Further down is unlock FA wise via brexit but we will need more data and details of the extend of the brexit damage during the negotiations (for now I expect a further -25% in the mid/long term but will adjust according to the process). ... Don't...
perfect, makes sense on FA and TA lvl. Will try to recalibrate my maps and post them soon
  • #149,567
  • Apr 11, 2017 8:16am Apr 11, 2017 8:16am
Found a very nice ( also free ) position sizing calculator for mt4 that also can place pending orders ( with a additional script also available there ) with the calculated position size based on account balance,or equity by using simple lines. Also show swaps for the current position size ( daily and for a year ) +++ Been playing around with it today and like it very much.

https://www.earnforex.com/metatrader...ze-Calculator/
Trading in the shadow of SM
  • #149,568
  • Apr 11, 2017 10:08am Apr 11, 2017 10:08am
As expected since Friday, risk and conflict on the rise form the US. We are on the brink of a major risk off leg since last Friday.

More warmongering from the US and UK. On the UK side a major flop in more Russian sanctions (UK starting to pay a heavy toll in foreign policy after isolating itself and trashing its allies and friends in Europe...first major disaster in foreign policy after Brexit) but more importantly in the US side, China offered carrots on Friday, Trump replied with sticks via Twitter...

These are heavy weights opponents not the ones that will just suck it up in the short term ....this is very serious and is beyond playing with fire ...

Watch-out major risk off with Yen, Gold and if we get the real deal today/tomorrow Dollar. Here a very active session, and fully locked and loaded across the board.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,569
  • Apr 11, 2017 11:17am Apr 11, 2017 11:17am
banked +110 on gbp/aud long today... aud/cad short +15... flat at the moment. Pending short on U/J missed earlier by 15 pips...
Hero calls followed by margin calls...
  • #149,570
  • Apr 11, 2017 11:30am Apr 11, 2017 11:30am
not sure if this thread offers place for charts and scalp trades, risking it..

long scalp off session at S for prev. high, lets see

best,
J

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 36 KB
Hero calls followed by margin calls...
  • #149,571
  • Apr 11, 2017 11:33am Apr 11, 2017 11:33am
Quoting sisse
... Watch-out major risk off with Yen, Gold and if we get the real deal today/tomorrow Dollar. Here a very active session, and fully locked and loaded across the board. sisse
Do you mean money will flow from Yen and Gold to Dollar based on the high risk level?
  • #149,572
  • Apr 11, 2017 11:55am Apr 11, 2017 11:55am
Europe going home with Equities barely holding intraday but holding at the end. We may have set the lows as highs of the day across the board but all looks extremely feeble...

Nothing to do here but same levels, same trades, same all...

sisse

Quoting PhAnTi'
not sure if this thread offers place for charts and scalp trades, risking it.. long scalp off session at S for prev. high, lets see best, J {image}
All is welcome mate except:

Racist, spammers, fake news bots, trolls, ok to leach in silence for own consumption but not making $$$ stealing posts (yes you FCKER @TheBanker in Tview and some others that will start naming if you don't stop to or at least have the minimum decency to contribute something here).


==== % ===== Small rant here ==== % =====


I know this is a public forum and there is nothing to stop leachers and etc but copy pasting word by word ideas, trades and posts for commercial purposes is not ACCEPTABLE.

You will only up killing this thread and stop good fellow posters from contributing in the discussion. STOP STEALING and USING the conversations here and pretending that are authored by you. I will start naming each, one by one (i know a handful of you in different channels)you cheap marketer $@$DF## bastards and if doesn't stop will simply move to a private space and stop posting here altogether.

Rant over.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,573
  • Apr 11, 2017 12:18pm Apr 11, 2017 12:18pm
Quoting sisse
All is welcome mate except: Racist, spammers, fake news bots, trolls, ok to leach in silence for own consumption but not making $$$ stealing posts (yes you FCKER @TheBanker in Tview and some others that will start naming if you don't stop to or at least have the minimum decency to contribute something...
You should name them anyway to warn newer traders not to become victims..
PVSRA
  • #149,574
  • Apr 11, 2017 12:23pm Apr 11, 2017 12:23pm
i am still bearish on the AUD, Euro actually flat/slightly bullish, just bought E/A for tops, stop in red,

lets see

Best,
J

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 38 KB
Hero calls followed by margin calls...
  • #149,575
  • Apr 11, 2017 12:31pm Apr 11, 2017 12:31pm
Quoting Earleone
Found a very nice ( also free ) position sizing calculator for mt4 that also can place pending orders ( with a additional script also available there ) with the calculated position size based on account balance,or equity by using simple lines. Also show swaps for the current position size ( daily and for a year ) +++ Been playing around with it today and like it very much. https://www.earnforex.com/metatrader...ze-Calculator/
Yep, i use even more simpler and straightforward to use "Easy position sizing" indicator, its paid, but costs like 5 bucks. its on MQL4. I preffer it to the one you posted due to taking much less screen space and doing job just as well. PSC is very detailed but majority of time you wont find it needed, risk adjusted R to SL is main feature youll need.
  • #149,576
  • Edited 1:08pm Apr 11, 2017 12:56pm | Edited 1:08pm
Wow wow wow sisse getting a little angry and I think he should name some as@janpec1000 fisher755 said ...
EU nothing to see at all ... Until there is a panic from election or US side ....
Re-Incarnated
  • #149,577
  • Apr 11, 2017 1:01pm Apr 11, 2017 1:01pm
The one sisse quoted, read anything he's posted, an obvious copy-cat of sisse. Even has choose your poison a,b,c,d iterations.

scumbag....

https://www.tradingview.com/u/TheBanker/
  • #149,578
  • Apr 11, 2017 1:05pm Apr 11, 2017 1:05pm
Quoting goosebone
{quote} Stopped out uj. Was counter and just a scalp based on this news. Bodes well for the bigger picture eu shorts.
Fekkin UJ...
  • #149,579
  • Apr 11, 2017 1:12pm Apr 11, 2017 1:12pm
Quoting Pharm0r
The one sisse quoted, read anything he's posted, an obvious copy-cat of sisse. Even has choose your poison a,b,c,d iterations. scumbag.... https://www.tradingview.com/u/TheBanker/

voow voow voow, It is clear that he is copying. I just took a quick look at eurusd there. Actually in the conditions Forexfactory has copyrigth for all that is posted on forexfactory. So I expect Forexfactory ( Twee ) also take action .
Trading in the shadow of SM
  • #149,580
  • Apr 11, 2017 1:25pm Apr 11, 2017 1:25pm
Let it be known to whomever f's up this public thread by frustrating any contributors off of it in this lame ass plagiaristic way that you will be trolled by me every waking minute for the rest of my life, at the end of which that duty will transfer to my children by trust who's sole life purpose will be to troll yours. This will continue for 70 generations of my family or the end of time whichever comes last.
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