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The Really Useless Thread

  • #152,701
  • Jun 27, 2017 4:12am Jun 27, 2017 4:12am
Euro picking up pace as Draghi says reflationary pressures in EZ are on the rise .. I remember sisse mentioning how holding cash in europe will become an expensive affair this summer and the downside in europe is fading till the cows come home - all directions are pointing north on that compass and sisse smelt it a furlong before anyone.

Interesting markets this week, crude depression continues with yields continue to flatten which I still think is pretty worrying - this risk on dynamic is beginning to show. Does anyone have expectations for Mr Trump or anything Middle East related? I am certainly no expert in oil so would love to hear more on this topic.

Otherwise, in UK ... Theresa May has a majority after the 1bn promised to N.I and ensure 10 members from DUP will back her party, lets hope that cheque does not bounce as it looks like Britain is on the edge of collapsing.

I have also done a chart here on gold which I would like to share for what it's worth.. I see two options here, risk on and risk off, nothing more or less: One is not a huge fan of trend lines, but this has clearly been respected so only there for notation purposes....

Option A (risk off) : Long for Top of range and reverse anything from Donald premiership, targeting 1325

Option B (risk on) : Short a break of the mid or even safer, a break and retest of the trendline/mid .. targeting the break last december, circa 1175

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For me personally I am swaying towards the risk on option...
  • #152,702
  • Jun 27, 2017 6:03am Jun 27, 2017 6:03am
Quoting gatorinla
{quote} still long, a possible chance to get on the long ride 1163/64 till 1109. still aware of 1206 and where smaller bears jumped in.. the atm st low at 1171 is probably 8 pips shy.. some stall may be in future because 1163 may be in play twice. maybe with a break in fridays high it drops once more to 1163 in a zig zag b4 1316 {image}
still long...atm being above 1231/43 is a good thing for me.. 1269 could be a minor speed bump. being above is a higher close month, 1\4 and 1\2.. potential. still holding for 1316 r more.
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those who can, do. those who cant, talk about those who can
  • #152,703
  • Jun 27, 2017 6:29am Jun 27, 2017 6:29am
Quoting edyraper
{quote} Couldn't find the setup you pointing at, I'd be grateful if you share a chart. Thanks.
i dont have gold on a meta chart to plot.. when it reached 1086 it was due to bounce some. then bounced to 1275 ish, it has a 1/2 ass DT (chart). ... causing a drop to retrace 50% ish, then bounced back up about 50% atm in the area its in.. i still have a sub 1k handle. if not it needs to break 1375ish DT. one/dozens should be in the record/chart 5 yrs back or so. governments around the world are looking to spend money to beef up military, i suspect that leaves less room to buy gold. and more room to sell it..
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those who can, do. those who cant, talk about those who can
  • #152,704
  • Jun 27, 2017 6:37am Jun 27, 2017 6:37am
Quoting gatorinla
{quote} still long...atm being above 1231/43 is a good thing for me.. 1269 could be a minor speed bump. being above is a higher close month, 1\4 and 1\2.. potential. still holding for 1316 r more. {image}
testing 1,2,3 .. i want it to break big.. "i think i can, i think i can"
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those who can, do. those who cant, talk about those who can
  • #152,705
  • Jun 27, 2017 6:41am Jun 27, 2017 6:41am
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those who can, do. those who cant, talk about those who can
  • #152,706
  • Jun 27, 2017 7:54am Jun 27, 2017 7:54am
Quoting gatorinla
{quote} i dont have gold on a meta chart to plot.. when it reached 1086 it was due to bounce some. then bounced to 1275 ish, it has a 1/2 ass DT (chart). ... causing a drop to retrace 50% ish, then bounced back up about 50% atm in the area its in.. i still have a sub 1k handle. if not it needs to break 1375ish DT. one/dozens should be in the record/chart 5 yrs back or so. governments around the world are looking to spend money to beef up military, i suspect that leaves less room to buy gold. and more room to sell it.. {image}
Thanks, go it.
  • #152,707
  • Jun 27, 2017 8:22am Jun 27, 2017 8:22am
Quoting gatorinla
{quote} testing 1,2,3 .. i want it to break big.. "i think i can, i think i can" https://www.youtube.com/watch?v=VZ2HcRl4wSk {image}
Which this strong strength, do you still want to short it at 1316 or hold your long for HH?
  • #152,708
  • Jun 27, 2017 8:39am Jun 27, 2017 8:39am
Quoting Angelina
{quote} Which this strong strength, do you still want to short it at 1316 or hold your long for HH?
i will tp some.,, and look for a short.. i have to keep in mind 1459 is possible. and what st indicated, i cant play both directions. after 1316 it may be over.. one needs to look for a sign.. 1316 was a minimal target. it can go further.
those who can, do. those who cant, talk about those who can
  • #152,709
  • Jun 27, 2017 9:11am Jun 27, 2017 9:11am
Quoting gatorinla
{quote} i will tp some.,, and look for a short.. i have to keep in mind 1459 is possible. and what st indicated, i cant play both directions. after 1316 it may be over.. one needs to look for a sign.. 1316 was a minimal target. it can go further.
Thank you buddy!
I am US client, cant not go both sides
I think you are so smart with booking some profit around 1316.
I am trying to short any price above 13xx with 25-30 pips SL.
If it breaks 1320, I think it will hit 1360 and 14xx later!

Congrats with your trade again !!!!
Cheer !!!
  • #152,710
  • Jun 27, 2017 11:00am Jun 27, 2017 11:00am
Quoting gatorinla
{quote} i will tp some.,, and look for a short.. i have to keep in mind 1459 is possible. and what st indicated, i cant play both directions. after 1316 it may be over.. one needs to look for a sign.. 1316 was a minimal target. it can go further.
tp hit.. i took a short..at 1329.. closed eu long .. will add if it goes well
those who can, do. those who cant, talk about those who can
  • #152,711
  • Jun 27, 2017 11:04am Jun 27, 2017 11:04am
watching.. mostly.. looking for weakness.. std later..
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those who can, do. those who cant, talk about those who can
  • #152,712
  • Jun 27, 2017 11:09am Jun 27, 2017 11:09am
first things first. 1295 may be a s/r.. so i would need closes below 1295..to help my short.. atm it's looking dire.. time will tell.. i suspect 1295 is small, but probably the first step i would need of many.
those who can, do. those who cant, talk about those who can
  • #152,713
  • Jun 27, 2017 11:15am Jun 27, 2017 11:15am
Quoting gatorinla
first things first. 1295 may be a s/r.. so i would need closes below 1295..to help my short.. atm it's looking dire.. time will tell.. i suspect 1295 is small, but probably the first step i would need of many.
also with a few days to go. 1223 is probably on big bears mind. that low at 1118 with 1223 center is about 105 pips. 105 added to 1223 or about 1328.. the atm high is near at 1334..
those who can, do. those who cant, talk about those who can
  • #152,714
  • Jun 27, 2017 11:21am Jun 27, 2017 11:21am
usdx has a clear 94.64 path.. but that retrace i spoke of for months hasn't happened. if eu bulls tire. the usdx may be ready for 100+ norm is past post. b4 94.6x.
those who can, do. those who cant, talk about those who can
  • #152,715
  • Jun 27, 2017 11:29am Jun 27, 2017 11:29am
Quoting gatorinla
{quote} tp hit.. i took a short..at 1329.. closed eu long .. will add if it goes well
st still has 1459 as valid.. putting a be on stops.. i need to get below and start closing below 1295 now.. it may act supportive until..i dont know..1223 ish is the same story..
those who can, do. those who cant, talk about those who can
  • #152,716
  • Jun 27, 2017 11:32am Jun 27, 2017 11:32am
? million $ question..
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those who can, do. those who cant, talk about those who can
  • #152,717
  • Jun 27, 2017 11:37am Jun 27, 2017 11:37am
Quoting gatorinla
? million $ question.. {image}
Was a nice trade you had there. Patience is key!
  • #152,718
  • Jun 27, 2017 11:43am Jun 27, 2017 11:43am
Quoting gatorinla
{quote} st still has 1459 as valid.. putting a be on stops.. i need to get below and start closing below 1295 now.. it may act supportive until..i dont know..1223 ish is the same story..
Hi again,
If monthly candle closed below the opening at 1242, so do you think the following month candle will give a bearish candle one?
  • #152,719
  • Jun 27, 2017 12:19pm Jun 27, 2017 12:19pm
Quoting Angelina
{quote} Hi again, If monthly candle closed below the opening at 1242, so do you think the following month candle will give a bearish candle one?
my window is about 350 pips above, 1216/1711 .. the regular widow is even larger 1115/1711.. or about 600 pips. its above 1115 atm.. so now here below 11711.. i look to short. all that 1316 was was a target reached. 1316 and 1459 are the same thing.. but 1316 was much larger, it is part of 0585... i dont know if 1459 or even more would happen or not. think wise, it dont matter what i think. i have to weigh the risk comparable to reward. at this point the closes are still bullish. i hope if i am stopped out i get a new signal to short. i chose not to long after 1316 atm.. i may be wrong. i may get stopped a few times.. still looking atm.. month's 1/4 1/2 end. can be big if i chose the right direction
those who can, do. those who cant, talk about those who can
  • #152,720
  • Jun 27, 2017 12:19pm Jun 27, 2017 12:19pm
Quoting gatorinla
? million $ question.. {image}
I am short as well although I do not like this very much... idk I might get out of the trade well see. Seems like 1.14 is going to hit
It's always part of a bigger plan
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