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The Really Useless Thread

  • #134,961
  • May 14, 2015 8:15am May 14, 2015 8:15am
Quoting Sants
{quote} ...You mean the 1.15xx level will be just touched and continue the downward momentum?
It just mean that if we get the exhaustion leg the 1.15xx handle is the handle to the track to end the move. It doesn't mean anything else. ...as i mentioned a few times already in this thread:

  1. Markets in rough terms have 3 !!! not 2 states: Buy, Sell and Neutral.
  2. If you stop thinking/trading in direct transitions from buy to sell/or the opposite and looking for the ultimate tops and bottom to trigger you WILL do WONDERs to your account !!!... believe me in that one...

In simple words, there is no such a thing as continue momentum downward. Because there is none now. Its just a +1000 tick mid term retrace. When the retrace its over and clear and after passing the natural NEUTRAL stage in the transition you will start talking of momentum down ...not before !!!...

Quote
What will be the underlying fundamental for eu beach your exhaustion level?

I think you should rephrase the question:

  1. What will be the underlying FA reason for the retrace to end?

    1. ​And the answer is easy. FED RATES period

For now we keep riding the FA reasons since the MARCH FOMC for the current leg:

RETRACE = No June hikes + consistent weak US numbers + a lot better numbers in the EZ especially in the periphery

I hope it helps

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,962
  • May 14, 2015 8:21am May 14, 2015 8:21am
Quoting Rockerzeus
{quote} {quote} Thanks, I need it in mt4

USDOLLAR is an intervention from FXCM - so I think you get it only there
  • #134,963
  • May 14, 2015 8:23am May 14, 2015 8:23am
Sisse- you need a chalk board I'll buy it if you'll draw pictures on it and post daily

Rock will by chalk
  • #134,964
  • May 14, 2015 8:24am May 14, 2015 8:24am
Quoting sisse
{quote} It just mean that if we get the exhaustion leg the 1.15xx handle is the handle to the track to end the move. It doesn't mean anything else. ...as i mentioned a few times already in this thread: Markets in rough terms have 3 !!! not 2 states: Buy, Sell and Neutral. If you stop thinking/trading in direct transitions from buy to sell/or the opposite and looking for the ultimate tops and bottom to trigger you WILL do WONDERs to your account !!!... believe me in that one... In simple words, there is no such a thing as continue momentum downward....
Nice explanation.
Intraday only.
  • #134,965
  • May 14, 2015 8:33am May 14, 2015 8:33am
Quoting sisse
{quote} It just mean that if we get the exhaustion leg the 1.15xx handle is the handle to the track to end the move. It doesn't mean anything else. ...as i mentioned a few times already in this thread: Markets in rough terms have 3 !!! not 2 states: Buy, Sell and Neutral. If you stop thinking/trading in direct transitions from buy to sell/or the opposite and looking for the ultimate tops and bottom to trigger you WILL do WONDERs to your account !!!... believe me in that one... In simple words, there is no such a thing as continue momentum downward....
First of all my apology if i replied this without proper format of words, typing by phone.1. Yes thanks for the reminder of 3 terms market condition, i did recognise it couple of days ago from your old post to fellow trader Shunyi. I just skipped the neutral term due to changing direction, anw its a lot changing my mindset. 2. Precise rephrase lol. Fed rates period is Rates Mode Trading right? I still didnt get it on how the RMT system works as i dont know when it started exactly. Lower level in US equities only or worldwide? I guess if US equity down, everything is down...
  • #134,966
  • May 14, 2015 8:41am May 14, 2015 8:41am
Quoting sisse
{quote} It just mean that if we get the exhaustion leg the 1.15xx handle is the handle to the track to end the move. It doesn't mean anything else. ...as i mentioned a few times already in this thread: Markets in rough terms have 3 !!! not 2 states: Buy, Sell and Neutral. If you stop thinking/trading in direct transitions from buy to sell/or the opposite and looking for the ultimate tops and bottom to trigger you WILL do WONDERs to your account !!!... believe me in that one... In simple words, there is no such a thing as continue momentum downward....
This is so good! I learn a bunch every single day reading your posts. Thank you! Hopefully one day I can contribute as much.
  • #134,967
  • May 14, 2015 8:48am May 14, 2015 8:48am
Quoting sisse
{quote} It just mean that if we get the exhaustion leg the 1.15xx handle is the handle to the track to end the move. It doesn't mean anything else. ...as i mentioned a few times already in this thread: Markets in rough terms have 3 !!! not 2 states: Buy, Sell and Neutral. If you stop thinking/trading in direct transitions from buy to sell/or the opposite and looking for the ultimate tops and bottom to trigger you WILL do WONDERs to your account !!!... believe me in that one... In simple words, there is no such a thing as continue momentum downward....
It is great to read the post from sisse.
can learn a lot from his post, really appreciate the chance to learn from you.
Hopefully, 1 day i too can contribute to the thread...

for today trade, I got something rather confusing,
the US data is so bad, instead of having eu going up, its going down in this case...
May I know what are the fundamental that would be the possible reason that drive this move?
Thanks
  • #134,968
  • May 14, 2015 8:59am May 14, 2015 8:59am
Quoting Rockerzeus
{quote} {quote} Thanks, I need it in mt4
U sure? Tradingview has some really nice abilities. I've even ported some MT indies I like over there,
using their programming language.
  • #134,969
  • May 14, 2015 9:13am May 14, 2015 9:13am
Quoting MissPips
{quote} Have 1440 as the 3/4 mid and a previous London range edge, maybe for intermediate stopping place
Well, there was the swing from 1440 as the intermediate stop. But the weekly mid is 1287 and 138x is where everybody and their cousin shorted yesterday, so it can't really have a bigger swing down on a higher tf without taking out those two.
  • #134,970
  • May 14, 2015 9:14am May 14, 2015 9:14am
Quoting MissPips
{quote} Well, there was the swing from 1440 as the intermediate stop. But the weekly mid is 1287 and 138x is where everybody and their cousin shorted yesterday, so it can't really have a bigger swing down on a higher tf without taking out those two.
  • #134,971
  • May 14, 2015 9:16am May 14, 2015 9:16am
Quoting Pharm0r
{quote}
cluck cluck
  • #134,972
  • May 14, 2015 9:21am May 14, 2015 9:21am
[quote=sisse;8262745]{quote} It just mean that if we get the exhaustion leg the 1.15xx handle is the handle to the track to end the move.

Talkng about FA..The FOMC in March was held during one month when the US data were still good, and since then the average of the datas are getting worse.
And the last hawkish FOMC hasn't moved the expected behaviour in the USD. Maybe we are going to see a new period with worsening datas in US that cannot keep a believable Increasing Rates Period...
How can a FED translate to the market a believable Increasing Rates Period under worsening data's?
  • #134,973
  • May 14, 2015 9:29am May 14, 2015 9:29am
Marc Faber Macro Views and Investments. US Bonds, Currencies and Gold Miners


must read
  • #134,974
  • May 14, 2015 10:00am May 14, 2015 10:00am
Quoting MissPips
{quote} U sure? Tradingview has some really nice abilities. I've even ported some MT indies I like over there, using their programming language.
Do you think it is safe uploading indi there if you want to keep it private?
  • #134,975
  • May 14, 2015 10:07am May 14, 2015 10:07am
Euro testing 1.135x with Draghi on the wires. Crunching time for bulls with the London fix ... Fill or kill for the rest of the session.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,976
  • May 14, 2015 10:18am May 14, 2015 10:18am
Quoting Rockerzeus
{quote} Do you think it is safe uploading indi there if you want to keep it private?
To tell the truth, I never even thought about it. All mine are public (at least for people to see what they do, and therefore reverse engineer if they want to put the work in ), and for most of them the code is public too. I'm not really a believer
in the idea that you can create a 'profitable' indicator or EA, and that sharing it will make it lose its profitability.

I'm more a believer in the idea that to be profitable you have to be able to read the market for your chosen instrument and timeframe, and that indicators just help good traders 'see' better or see some things you can't see on just a naked chart.
  • #134,977
  • May 14, 2015 10:59am May 14, 2015 10:59am
Quoting sisse
Euro testing 1.135x with Draghi on the wires. Crunching time for bulls with the London fix ... Fill or kill for the rest of the session. sisse
Hello sisse, since weve got into "term explaining" of your posts (viz previous cenoversation here in the thread). Can you explain what for you means the "Fill or kill" tem?

Thank in advance
  • #134,978
  • May 14, 2015 11:47am May 14, 2015 11:47am
I wonder if longs is dollar/yen at 118.75 might be worth a punt..
Look Sharp/Trade Tight
  • #134,979
  • May 14, 2015 12:15pm May 14, 2015 12:15pm
Quoting PayTheLimit
I wonder if longs is dollar/yen at 118.75 might be worth a punt..
UJ been well bid around 118.8x through 118.6x since weeks , its where I would build longs for sure ..

hoom
Get Rich or Die Tryin
  • #134,980
  • May 14, 2015 1:16pm May 14, 2015 1:16pm
Quoting sisse
{quote} It just mean that if we get the exhaustion leg the 1.15xx ... I hope it helps sisse
It does.. Thanks
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