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The Really Useless Thread

  • #156,781
  • Nov 13, 2017 6:56am Nov 13, 2017 6:56am
Just seeing we are stuck into a triangle.
Letīs c to which side it will break out.
  • #156,782
  • Nov 13, 2017 6:58am Nov 13, 2017 6:58am
Quoting CandleStar
Just seeing we are stuck into a triangle. Letīs c to which side it will break out.
i have more than 50% chance on bears today....they are all calculated risks.....if the hour closes above 1667, my shorts are automatically closed ... reverse for longs..
  • #156,783
  • Nov 13, 2017 7:11am Nov 13, 2017 7:11am
I would say that, until we see an open (15min bar) below 1.1650, the trend is hold/long
The best thing that can happen to you is to find out where you're wrong.
  • #156,784
  • Nov 13, 2017 7:12am Nov 13, 2017 7:12am
Quoting Boulder
{quote} yep.. Kuroda speaks in two hours..will impact Yen..
and yes that might provide a catalyst....I was talking maybe more about S&Ps, as you can see, its been rare to close under those longer wicks...there was an instance in July, which led to some volatility, but nothing to write home about...anyway, something to watch
Attached Image (click to enlarge)
Click to Enlarge Name: #S&P500_Z7Daily.png Size: 42 KB
Look Sharp/Trade Tight
  • #156,785
  • Nov 13, 2017 7:19am Nov 13, 2017 7:19am
Quoting PayTheLimit
here's one for Gator.... https://www.youtube.com/watch?v=WbrjRKB586s
it wouldn't be a dad day if it did.. the day and week closed higher. the 12 h closed below Friday.. but still above thursday day and the previous Fridays close. cutting to the chase.. a L close today above 1660 is probably not bearish.. so at any moment now it could run, 4 hs till London closes. but i cant say its gonna run, or not run. the 1689 and 170x area may still be some R.
those who can, do. those who cant, talk about those who can
  • #156,786
  • Nov 13, 2017 7:21am Nov 13, 2017 7:21am
Quoting Boulder
{quote} i have more than 50% chance on bears today....they are all calculated risks.....if the hour closes above 1667, my shorts are automatically closed ... reverse for longs..
wow.. that is fast.. wait to see the bears can hold 1668 at hour close..40 mins to go..
  • #156,787
  • Nov 13, 2017 7:28am Nov 13, 2017 7:28am
Quoting gatorinla
{quote} it wouldn't be a dad day if it did.. the day and week closed higher. the 12 h closed below Friday.. but still above thursday day and the previous Fridays close. cutting to the chase.. a L close today above 1660 is probably not bearish.. so at any moment now it could run, 4 hs till London closes. but i cant say its gonna run, or not run. the 1689 and 170x area may still be some R.
its been under war since the drop.. war this week just under 1826 at 1812.. dar at 1708 mar 1977... last month was below too.. when below average it leaves room to equal out with some above average moves.
those who can, do. those who cant, talk about those who can
  • #156,788
  • Nov 13, 2017 7:36am Nov 13, 2017 7:36am
Quoting gatorinla
{quote} its been under war since the drop.. war this week just under 1826 at 1812.. dar at 1708 mar 1977... last month was below too.. when below average it leaves room to equal out with some above average moves.
40 adr so far.. ADR top . 90s..
  • #156,789
  • Nov 13, 2017 7:53am Nov 13, 2017 7:53am
Quoting Boulder
{quote} 40 adr so far.. ADR top . 90s..
i am hearing that the likely dec raise is less shiny. the ones next yr are dulling some. dec may be priced in along with several next year. but inflation isn't where they want it. if true, the closes are supporting it.
those who can, do. those who cant, talk about those who can
  • #156,790
  • Edited 8:29am Nov 13, 2017 8:00am | Edited 8:29am
Quoting Boulder
{quote} wow.. that is fast.. wait to see the bears can hold 1668 at hour close..40 mins to go..
this downtrend short lived with only 5 hours...bears can't hold 1668 at close..... currently uptrend stop .. 1.16386...
daily adx is only 14, market is going to chop,, no directions
  • #156,791
  • Nov 13, 2017 8:02am Nov 13, 2017 8:02am
seeing new support at 1.1645 now, would like to see a HH first before considering it.........

also note cable R at 3123ish...
Look Sharp/Trade Tight
  • #156,792
  • Nov 13, 2017 8:12am Nov 13, 2017 8:12am
thinking a 1/2 close (00:30 not 00:00) over 1675 opens the gate. just missed it by 2 pips last close, some rejection due.. after settlement maybe just a few pips.. it may retry 1660 was the day/week close
those who can, do. those who cant, talk about those who can
  • #156,793
  • Nov 13, 2017 8:12am Nov 13, 2017 8:12am
Quoting PayTheLimit
seeing new support at 1.1645 now, would like to see a HH first before considering it......... also note cable R at 3123ish...
I see bulls paused at R around 75s, manually shorted 72.. hope you re right.. I also see support at 1645 too.. will cover close there..
  • #156,794
  • Nov 13, 2017 8:17am Nov 13, 2017 8:17am
Quoting gatorinla
{quote} i am hearing that the likely dec raise is less shiny. the ones next yr are dulling some. dec may be priced in along with several next year. but inflation isn't where they want it. if true, the closes are supporting it.
have they priced in 95% Dec rate hike already? imagine if not act...dollar will give back all those runs..
  • #156,795
  • Nov 13, 2017 8:30am Nov 13, 2017 8:30am
Quoting Boulder
{quote} have they priced in 95% Dec rate hike already? imagine if not act...dollar will give back all those runs..
its doubtful they dont raise. just trimming the books should be usd positive.

i go back to 2008 when they were bailing out the banks with massive injections. the usd strengthened opposite of what injecting massive amounts of cash is thought to do. at the same time the ecb was more hawkish. the eu dropped.. so i dont believe/trust what's commonly thrown around on this fudi accepted norm.
those who can, do. those who cant, talk about those who can
  • #156,796
  • Nov 13, 2017 8:37am Nov 13, 2017 8:37am
added some more here at 662
  • #156,797
  • Nov 13, 2017 8:38am Nov 13, 2017 8:38am
Quoting gatorinla
{quote} its doubtful they dont raise. just trimming the books should be usd positive. i go back to 2008 when they were bailing out the banks with massive injections. the usd strengthened opposite of what injecting massive amounts of cash is thought to do. at the same time the ecb was more hawkish. the eu dropped.. so i dont believe/trust what's commonly thrown around on this fudi accepted norm.
me too.. I don't trust what fudi say..I was fooled by them for many years by trading equity,,, I like to see what positions they really hold by reading the COT report...
  • #156,798
  • Nov 13, 2017 8:39am Nov 13, 2017 8:39am
Quoting Venomousssss
added some more here at 662
we trade opposite today.. hope both make pips..
In trending markets momentum strategies perform great. In choppy markets reversal strategies bank pips... hope we are both doing right in this choppy day.....
  • #156,799
  • Nov 13, 2017 9:15am Nov 13, 2017 9:15am
Quoting Boulder
{quote} we trade opposite today.. hope both make pips.. In trending markets momentum strategies perform great. In choppy markets reversal strategies bank pips... hope we are both doing right in this choppy day.....
indeed..my longs are in part on fib im testing and the close above 1668 was very revelent for bulls...but my chart could be absolute garbage too.

2164 norm for 50% retrace on the weekly/monthly missed..part of my thinking in 1880 is the market may want to decide if that miss was an accident (closes above 1880) or not..(hard rejection)
  • #156,800
  • Nov 13, 2017 9:22am Nov 13, 2017 9:22am
im also toying with using 1.05696 as the low, and 2164 as the high..theorizing that the shots it took below 1.05696 were unintended overshots. im more than likely crazy though..but 61.8% of that actually landed at 1.15549..which is a little coincidental
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