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The Really Useless Thread

  • #133,941
  • Apr 20, 2015 3:07pm Apr 20, 2015 3:07pm
Quoting Pharm0r
I may be late, OIL (wti) bounced off the 1/4 @ 58.42 May be time to short. I don't follow oil, I just noticed it as I was browsing my charts.
...with a runaway weekly gap in play ? ...watch-out thats is honestly playing with fire in an underlying like oil. A break to $59.xx will carry lots of momentum and opens clean sweep to the top side to $67.xx with intermediate stop $63.xx....

Quoting sisse
{quote} Right on time for NY 1,071x tested and day probably over after NY opening range. Expecting intraday chop zone to be formed (1.068x / 1.073x) until fresh German numbers tomorrow. ... sisse
In any case, euro as expected forming chop zone around 1.073x. Tracking 1.071x for the roll....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,942
  • Apr 20, 2015 3:15pm Apr 20, 2015 3:15pm
Quoting sisse
{quote} ...with a runaway weekly gap in play ? ...watch-out thats is honestly playing with fire in an underlying like oil. A break to $59.xx will carry lots of momentum and opens clean sweep to the top side to $67.xx with intermediate stop $63.xx.... {quote} In any case, euro as expected forming chop zone around 1.073x. Tracking 1.071x for the roll.... sisse
Thanks Sisse, I'm unable to trade oil with this broker anyhow.

Typically I wouldnt take the short until mofu zone anyway, and that's well into the 70s

I see the W bottom as well
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  • #133,943
  • Apr 20, 2015 3:29pm Apr 20, 2015 3:29pm
One for the bulls Aussie...I should have been all over this. A bit late now, but if you're holding longs things look good...against trend. Same idea as EU right now, just better entries. I'd watch the D close

I'm king of being a dollar short and a day late it seems. Haven't been looking much out of the EU.

If you are a bear, there's a set up later on down the road around .7433 once we go below .7390
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  • #133,944
  • Apr 20, 2015 3:33pm Apr 20, 2015 3:33pm
Quoting sisse
{quote} ...with a runaway weekly gap in play ? ...watch-out thats is honestly playing with fire in an underlying like oil. A break to $59.xx will carry lots of momentum and opens clean sweep to the top side to $67.xx with intermediate stop $63.xx....
coming into seasonal demand runup, I will be watching the storage numbers Wednesday - if there be a miss high, we might get a dip, which will be a buying opp. We have seen WTI come up $16 in the last month, no sign of slowing down yet...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #133,945
  • Apr 20, 2015 4:12pm Apr 20, 2015 4:12pm
Quoting The Fool
{quote} coming into seasonal demand runup, I will be watching the storage numbers Wednesday - if there be a miss high, we might get a dip, which will be a buying opp. We have seen WTI come up $16 in the last month, no sign of slowing down yet...
100% agree with you on that one.

On the euro ...we rolled with no surprises at 1.073x. A slightly bearish close and as expected we are in intraday chop zone until tomorrow German news which will be decision time for this week. Euro aligning for a fast, risk leg on Greece later this week ....but for now nothing to see until tomorrow european opening.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,946
  • Apr 20, 2015 4:56pm Apr 20, 2015 4:56pm
andy frisella

Love his instagram. Dude is the truth.
  • #133,947
  • Apr 20, 2015 10:44pm Apr 20, 2015 10:44pm
me love stock trading (where the volume went?)

http://www.zerohedge.com/news/2015-0...much-computers
"...turnover associated with the countrys self-driven stock frenzy has now propelled the Shanghai Exchange to the top spot worldwide in terms of volume and in fact, turnover was so high on Monday at 1 trillion yuan, that the exchanges software was incapable of reporting it."

"China's day trading hordes whose numbers are currently growing at a clip of around 1.6 million per week have officially overwhelmed the software that tracks volume in Shanghai. It's worth repeating that if you believe statistics....around one in three of the millions of new "investors" in China have an elementary school education or less..."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #133,948
  • Apr 21, 2015 12:48am Apr 21, 2015 12:48am
Quoting Pharm0r
One for the bulls Aussie...I should have been all over this. A bit late now, but if you're holding longs things look good...against trend. Same idea as EU right now, just better entries. I'd watch the D close I'm king of being a dollar short and a day late it seems. Haven't been looking much out of the EU. If you are a bear, there's a set up later on down the road around .7433 once we go below .7390 {image}
I might be a bit thick in the morning... I don't get this, can you give me a pointer? I'm in the bull camp, although cot data doesn't confirm and of course talk of a rate cut doesn't help...
Fail better.
  • #133,949
  • Apr 21, 2015 3:13am Apr 21, 2015 3:13am
Quoting sisse
{quote} Right on time for NY 1,071x tested and day probably over after NY opening range. Expecting intraday chop zone to be formed (1.068x / 1.073x) until fresh German numbers tomorrow. ... sisse
Right on time for the German news, 1.068x tested on the european opening range. Decision time in the Euro for this week coming ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,950
  • Apr 21, 2015 3:24am Apr 21, 2015 3:24am
Quoting sisse
{quote} Right on time for the German news, 1.068x tested on the european opening range. Decision time in the Euro for this week coming .... sisse
Why do you give so many importance to German ZEW for this week under fundamental point? Bearing in mind the Greek matter...
  • #133,951
  • Apr 21, 2015 3:28am Apr 21, 2015 3:28am
Quoting Lavanda
{quote} Why do you give so many importance to German ZEW for this week under fundamental point? Bearing in mind the Greek matter...
To buck the trend short term in the good numbers from Europe.

Its particular important short term because DAX had a massive selloff last week and the Greek drama this week is hitting the markets harder and earlier than expected. Bad numbers will be enough to blow the positive winds out of the equation [short term] leaving markets trading only risk and uncertainty for the rest of the month....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,952
  • Apr 21, 2015 3:38am Apr 21, 2015 3:38am
Quoting sisse
{quote} To buck the trend short term in the good numbers from Europe. Its particular important short term because DAX had a massive selloff last week and the Greek drama this week is hitting the markets harder and earlier than expected. Bad numbers will be enough to blow the positive winds out of the equation [short term] leaving markets trading only risk and uncertainty for the rest of the month.... sisse
Weather the zew nos. comes good or bad i know that it will test the lower .x470xx for the swing of .08xx
Re-Incarnated
  • #133,953
  • Apr 21, 2015 3:52am Apr 21, 2015 3:52am
Quoting primejarvis
{quote} Weather the zew nos. comes good or bad i know that it will test the lower .x470xx for the swing of .08xx
hmmm ...my 2 cents: watch out with those comments..."knowing" is the mother of all inner demons in trading, plus the point is not a test of lows, the point of today news is not even necessarily about direction but the flow to reach there ...

In any case, first round of european numbers coming in a very light week on the macro front. Inline or slightly positive news open the chop zone range play to 1.073x. Bad numbers will open 1.063x in a direct move but the real deal comes with the risk swing later.

Choose your poison time in the euro around the corner ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,954
  • Apr 21, 2015 4:02am Apr 21, 2015 4:02am
Thankx for the comment and showing us the right path .. what to write and what not to write ....

i am out of the scene as not in a good mood to trade anything ....

feeling really sleepy ... nap time ....
Re-Incarnated
  • #133,955
  • Apr 21, 2015 4:05am Apr 21, 2015 4:05am
Quoting kenfen69
Thanks for the DAX heads up, too. While I agree...giz a shout at 11700 and I'll pull the trigger (while screen time is reduced).
Late post...busy busy.

11700 order filled on DAX...baby lots as its the first trade I've ever placed on DAX. Profit locked...
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Also have an AU...just partialled. May cancel that PO...
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Have to think about bed now. SoCal at night...tough to beat, though.
  • #133,956
  • Apr 21, 2015 4:11am Apr 21, 2015 4:11am
Nice.

Mixed numbers with a slightly positive tone. V. Good in the outlook but missed the headline. The only thing clear is that we haven't seen the yearly high in DAX yet. Mid term is coming very strong. For now, knee jerk reaction on risk coming in the next few session so I hope it doesnt hit your trailing....

GL managing those positions.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,957
  • Edited 4:34am Apr 21, 2015 4:20am | Edited 4:34am
Quoting sisse
Nice. Mixed numbers with a slightly positive tone. V. Good in the outlook but missed the headline. The only thing clear is that we haven't seen the yearly high in DAX yet. Mid term is coming very strong. For now, knee jerk reaction on risk coming in the next few session so I hope it doesnt hit your trailing.... GL managing those positions. sisse
Thanks for the info, sisse.

Yes...my trailing may be a little tight. But I'd rather go green on my first one on an instrument (psychological silliness). Plus...going to have limited screen time to fight my way lower if the bastards push it. If I had a bigger position, I would have partialled before the news and not bothered trailing anything.

If they take it, I'd probably reload (baby lot again) around where I went in...little below for stops. Then look at 11450/500ish with a little bigger size.

Heck of a day (start of week) for indices in general....Nikkei in particular. More "headline-floating" there, I think.
  • #133,958
  • Apr 21, 2015 5:39am Apr 21, 2015 5:39am
Quoting LarryDarrell
{quote} I might be a bit thick in the morning... I don't get this, can you give me a pointer? I'm in the bull camp, although cot data doesn't confirm and of course talk of a rate cut doesn't help...
What don't you get? The chart? Or my reasoning?

Trend is down

The chart is taken from a leg furthest to the left
  • #133,959
  • Apr 21, 2015 5:42am Apr 21, 2015 5:42am
Quoting The Fool
me love stock trading (where the volume went?) http://www.zerohedge.com/news/2015-0...much-computers "...turnover associated with the countrys self-driven stock frenzy has now propelled the Shanghai Exchange to the top spot worldwide in terms of volume and in fact, turnover was so high on Monday at 1 trillion yuan, that the exchanges software was incapable of reporting it." "China's day trading hordes whose numbers are currently growing at a clip of around 1.6 million per week have officially...
Want to move to china and open up a broker? We CANT lose...elementary education...
  • #133,960
  • Apr 21, 2015 5:50am Apr 21, 2015 5:50am
Quoting Pharm0r
{quote} Want to move to china and open up a broker? We CANT lose.


Only if you license mine and sisse's new platform!

We'll badge a Chinese specific version called: Winning Golden Dragon 888

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