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  • #132,341
  • Apr 4, 2013 1:06pm Apr 4, 2013 1:06pm
Quoting Mr Hatch
just short for "ok, ok."
thanks
  • #132,342
  • Apr 4, 2013 1:06pm Apr 4, 2013 1:06pm
Quoting Venice
What news? I pay exactly 0 attention to it. Charts tell a story and are generally a reflection of the sentiment. The market digests the news, then shows it hand... simply follow suite!
There are days when the market is driven by techs, and other when it is driven by news and global macro conditions. Choosing too ignore that is foolish in my opinion. Charts can only give you so much information. Often times whats happening off them is far more important. Charts do tell a story, but certainly not the whole story.

On another note.... best trading day ever for me. Got in early on the EJ move, set a stop, and went to bed. I thought I was still dreaming when I woke up
What is any ocean but a multitude of drops?
  • #132,343
  • Apr 4, 2013 1:07pm Apr 4, 2013 1:07pm
Quoting AllyB
def different strokes venice but all good
You got it! I'd probably be a little bit more aware of the news if I traded intraday. However, all the news does is create a bunch of noise and is hardly noticeable on the bigger TF's
  • #132,344
  • Apr 4, 2013 1:13pm Apr 4, 2013 1:13pm
Quoting Mr Hatch
2948 is the upper mofu to 3046. I caught a few on this move, but I am not as excited as to say, this is going to the milf-regions (aka as mid 30's).

and as long as you are in you probably don't mind if it goes well beyond that, the mid 30s that is.
  • #132,345
  • Apr 4, 2013 1:17pm Apr 4, 2013 1:17pm
Quoting Xhale
There are days when the market is driven by techs, and other when it is driven by news and global macro conditions. Choosing too ignore that is foolish in my opinion. Charts can only give you so much information. Often times whats happening off them is far more important. Charts do tell a story, but certainly not the whole story. On another note.... best trading day ever for me. Got in early on the EJ move, set a stop, and went to bed. I thought I was still dreaming when I woke up
ditto ... couldn't believe what i was seeing
  • #132,346
  • Apr 4, 2013 1:18pm Apr 4, 2013 1:18pm
Quoting Xhale
There are days when the market is driven by techs, and other when it is driven by news and global macro conditions. Choosing too ignore that is foolish in my opinion. Charts can only give you so much information. Often times whats happening off them is far more important. Charts do tell a story, but certainly not the whole story. On another note.... best trading day ever for me. Got in early on the EJ move, set a stop, and went to bed. I thought I was still dreaming when I woke up
I could see that, but I trade purely based off of numbers and statistics. News is irrelevant to me. I have high accuracy, and each trade is taken with at minimum a 1:1 risk:reward ratio.
  • #132,347
  • Apr 4, 2013 1:18pm Apr 4, 2013 1:18pm
Quoting Venice
You got it! I'd probably be a little bit more aware of the news if I traded intraday. However, all the news does is create a bunch of noise and is hardly noticeable on the bigger TF's
schedule does make a difference
  • #132,348
  • Apr 4, 2013 1:19pm Apr 4, 2013 1:19pm
Quoting 2046
and as long as you are in you probably don't mind if it goes well beyond that, the mid 30s that is.
for me, it's important to roll-over above the mofu, otherwise bulls need to retrace first to make it viable for them. if we don't, I'll take significant parts off the table.
The drag of g/u is bothering me... I had different plans with it. I'll have to check whether or not I oversaw something there. If not, I insist on 4397.
  • #132,349
  • Apr 4, 2013 1:24pm Apr 4, 2013 1:24pm
Back in the area of decision making again. 2960 zone extends up too 3040. Break of this turns the tide of the trend, otherwise continue on south we go.

Gap is kind of screwing the zone up a little bit.
  • #132,350
  • Edited 3:59pm Apr 4, 2013 3:46pm | Edited 3:59pm
Quoting Gleneagles
No....you can`t go now At least keep your PM open I am still on extended Easter Break , back next week This thread is slowly bleeding to death , most of the quality posters are leaving or left already ..really sad {image}

Quoting AllyB
oh no sisse ... don't do that!
oh no ... I was not abandoning ship just yet like that. I was just annoyed with the spammers in the other thread and listening to crickets in this thread during key markets developments. I was just closing the ECB chat as nobody was following the conversation.

However, I decided to slowly withdraw from FF in the coming weeks. I feel I have contributed enough and is time to move on. FF needs a new wave of traders, younger and with maybe more energy and patience to cope with the fast rotation of people here and with all the noise, insults and BS from "Spammers and Co."... Maybe they will make FF a better and decent place to talk markets and trading and not a BS paradise for internet marketers and brokers.

I also have been sharing a lot, maybe too much, without getting anything in return, not for trading, not for thinking, not for learning, not for company while trading and not even for a quick laugh when we are on a "technical"break.

I won't leave before saying proper good bye and exchanging contacts to all the friends, colleagues and fellow traders (the real ones only) in FF. For now I will just stop posting all charts, calls and and live levels before key market events as I have been doing for the last 3 years.

Plus and more importantly I cannot leave with an outlook and call wide open in my last post ...this is for the bastards around who were making fun and talking trash ...

Taking 1.294x target and last sisse chart update with a old fasion classical H4 (haven't posted H4 charts in months) copy/paste play of my 1st chart in FF http://www.forexfactory.com/attachme...7&d=1270154381. First two segments of the Q outlook completed....

Quoting sisse
Quarterly Outlook Q2 2013 On the FA side: .......................
Quoting sisse
Done ...got what I need. gl all also in trades. ....I am out of FF as this is becoming a monologue .... sisse

  1. On the FA side:

     

    1. After breaking ......

    1. Macro numbers .....

    1. On interest rates, ....... Not expecting much from the ECB either, inflation under control and without any option for hike. However lots of noise asking for cuts on every interest decision as long numbers are poor but the odds are [highlight]severely against the ECB breaking its mandate [/highlight](to promote growth instead of controlling inflation. [check]

      [highlight]The wild card is with the BOJ[/highlight] that in my view will keep playing the active roll in intervening and the the BOE ... [check]

    1. Risk factors......

  1. On the TA side:

    1. Quarterly:

    1. Weekly:...

    1. [highlight]Daily:[/highlight]
      Overextended and downtrend looks exhausted. Looks very poor r:r entering short at these levels. Two trades in play
      The pure and only technical play in this chart comes first with a short squeeze from a test of lows to at least [highlight]1.294x[/highlight] that is very tradable with intraday/daily and can become in a swing play with ECB support to 1.318x. [in play check 1st target]....

    1. [highlight]Intraday:[/highlight]
      All bears and yesterday with 1/2 of the trading world still on holiday [highlight]failed to crack 1.285x opening a new test of lows[/highlight] for a test of nake 1.27....... [check]


sisse

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Pending conversations? PM for a chat...I am mainly in OTM now
  • #132,351
  • Apr 4, 2013 4:02pm Apr 4, 2013 4:02pm
Quoting sisse
oh no ... I was not abandoning ship just yet like that. I was just annoyed with the spammers in the other thread and listening to crickets in this thread during key markets developments. I was just closing the ECB chat as nobody was following the conversation. However, I decided to slowly withdraw from FF in the coming weeks. I feel I have contributed enough and is time to move on. FF needs a new wave of traders, younger and with maybe more energy and patience to cope with the fast rotation of people here and with all the noise, insults and BS from...

Now I have a lump in my throat... -.-
  • #132,352
  • Apr 4, 2013 4:12pm Apr 4, 2013 4:12pm
Quoting sisse
oh no ... I was not abandoning ship just yet like that. I was just annoyed with the spammers in the other thread and listening to crickets in this thread during key markets developments. I was just closing the ECB chat as nobody was following the conversation. However, I decided to slowly withdraw from FF in the coming weeks. I feel I have contributed enough and is time to move on. FF needs a new wave of traders, younger and with maybe more energy and patience to cope with the fast rotation of people here and with all the noise, insults and BS from...
  • #132,353
  • Apr 4, 2013 4:16pm Apr 4, 2013 4:16pm
1:10 PM The BOJ is buying assets at 75% of the Fed's level in a Japanese economy only one-third the size of the U.S., says Kyle Bass, putting last night's new policy in perspective. Japan is trying to materially devalue its currency (FXY) while holding rates flat. The "economists and central bankers believe they can live in that nirvana," says Bass, but he believes they will lose control. JGBs (JGBT, JGBL, JGBD, JGBS) are in nirvana today, the 10-year off 11 bps to 0.45%.

11:03 AM It's a true "regime change" at the BOJ, says Citigroup, commenting on the central bank's new easing measures overnight. Gone is any hint of concern about monetizing government paper, and up next may be additional stimulus in the form of equity purchases and loans to small and medium-sized enterprises. The yen (FXY -3.6%) continues a whopper of a move lower, the dollar now at a session-high ¥96.38. The currency-hedged Japan stock ETF (DXJ) gains 7.5% vs. the unhedged EWJ +3.8%.

 

  1. 9:46 AM Draghi: "There is no Plan B for the euro," he says, growing animated as a questioner references concerns from ZeroHedge. "There is no revolving door," he adds, miffed by those who think countries are just going to up and leave the eurozone when it suits them. Touche. Throughout the entire crisis, most have consistently underestimated the will of both those in power and citizens to hold the great experiment together. 5 Comments

  2. 9:31 AM Draghi: "Run both the country and the banking sector much more conservatively than you would otherwise," he says, responding to a question on the lesson of Cyprus (several years too late). Of the orignal plan to haircut all Cyprus bank depositors, he says, "That was not smart.

  • #132,354
  • Apr 4, 2013 4:35pm Apr 4, 2013 4:35pm
one for the road same shitty levels

hey sisse hope u did catch the move in gold was so dam pinkish , still waiting for 1520's if we have a good NFP , lets see if 1560's holds for now ,

es looking for 7-10% correction from around 1580,s what u think ,

unless berrny do what the BOJ did buying the doom bonds
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  • #132,355
  • Apr 4, 2013 4:43pm Apr 4, 2013 4:43pm
Here we go, drawing of the zone to beat for bulls to take back over and get us moving on a more daily'ish uptrend. Until that happens, shorts galore.
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  • #132,356
  • Apr 4, 2013 5:26pm Apr 4, 2013 5:26pm
Quoting sisse
oh no ... I was not abandoning ship just yet like that. I was just annoyed with the spammers in the other thread and listening to crickets in this thread during key markets developments. I was just closing the ECB chat as nobody was following the conversation. However, I decided to slowly withdraw from FF in the coming weeks............
Sisse, I read all of your posts through and through on here.

I refrain from commenting, because quite frankly, I have nowhere near the understanding of FA/global macro as yourself. But I've learnt a great deal and always appreciate hearing your insight into the markets.
What is any ocean but a multitude of drops?
  • #132,357
  • Apr 4, 2013 10:12pm Apr 4, 2013 10:12pm
Hello!
Not all sins are created equal
  • #132,358
  • Apr 5, 2013 4:00am Apr 5, 2013 4:00am
[quote=sisse;6575515]oh no ... I was not abandoning ship just yet like that. I was just annoyed with the spammers in the other thread and listening to crickets in this thread during key markets developments. I was just closing the ECB chat as nobody was following the conversation.

That is good news! I read your posts and analysis with interest. I don`t understand most of it but I am hoping if I read everything three times over a period of time that some of the knowledge and insight will sink in via a process of osmosis

A point of view backed up by the logic behind the outlook is something that is sorely lacking on FF.
A lot of the rubbish posted falls into the category " point to prove "

In any event, glad we will still have you around
" Never let the past hold the future to ransom "
  • #132,359
  • Apr 5, 2013 4:02am Apr 5, 2013 4:02am
Quoting sisse
However, I decided to slowly withdraw from FF in the coming weeks. I feel I have contributed enough and is time to move on. FF needs a new wave of traders, younger and with maybe more energy and patience to cope with the fast rotation of people here and with all the noise, insults and BS from "Spammers and Co."...
Did you all miss the quoted part? I am feeling like something is torn from me...
  • #132,360
  • Apr 5, 2013 4:02am Apr 5, 2013 4:02am
Quoting Jay Walker
Hello!
Howdy mate,

Sorry...we were busy counting the millions we make picking perfect tops and bottoms with hindsight.
" Never let the past hold the future to ransom "
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