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  • #135,021
  • May 15, 2015 8:22am May 15, 2015 8:22am
Quoting MissPips
{quote} Oh damn. If they make 'em quit manipulating how are we going to make any money? Half of chartreading is figuring out when they're up to it.




evolution is the solution
  • #135,022
  • May 15, 2015 8:23am May 15, 2015 8:23am
Quoting infinitus
{quote} evolution is the solution
Correct- whether or not I think they are corrupt, I can't do anything about it. Perhaps if I run for senate or congress one day....until then...my complaining wont effect my bottom line. My views on it.

Certainly wont catch me marching outside complaining about the 1%. I'd rather get as close to the 1% as possible.
  • #135,023
  • May 15, 2015 8:31am May 15, 2015 8:31am
For the news and opening range. As all week long a direct impact expected that will be play in combo with the opening range.

On the fundamental side an undershoot will bring shockwaves for the W close across the board, betting on FED chickening out for the June meeting and opening expectations for a hike laters next year. An overshoot will only bring profit taking across the board. Any other number inline is pretty much irrelevant.

For the technical side, 1.141x is the key and only level to track for the roll. All other levels are minor for today.

For the actual flows. Direct play expected.

A positive number opens a direct intraday play (1.137x) to 1.1128x to chop around the lows of the 1.13xx handle until the close. Only an overshoot will unlock further levels down. To the other side and again like this morning 1.137x is the line in the sand for a test of highs and fight the 1.141x for the W roll. A decent undershoot will open a potential clean sweep play like yesterday to the 1.15xx handle ...any other number is just a boring micro range until the close...

GL all

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,024
  • May 15, 2015 8:41am May 15, 2015 8:41am
Quoting Pharm0r
{quote} Correct- whether or not I think they are corrupt, I can't do anything about it. Perhaps if I run for senate or congress one day....until then...my complaining wont effect my bottom line. My views on it. Certainly wont catch me marching outside complaining about the 1%. I'd rather get as close to the 1% as possible.




and remember: complaining will get you nowhere but into jail:

http://www.zerohedge.com/sites/defau.../picture-5.jpg
Flash Crash Scapegoat Nav Sarao Complained More Than 100 Times About The Real Market Manipulators
  • #135,025
  • May 15, 2015 8:42am May 15, 2015 8:42am
Quoting sisse
For the news and opening range. As all week long a direct impact expected that will be play in combo with the opening range. On the fundamental side an undershoot will bring shockwaves for the W close across the board, betting on FED chickening out for the June meeting and opening expectations for a hike laters this year. An overshoot will only bring profit taking across the board. Any other number inline is pretty much irrelevant. For the technical side, 1.141x is the key and only level to track for the roll. All other levels are minor for today....
Dear Sisse!

May I ask what kind of trade you hold (short,long) and how you would like to manage them in a situation like this?
If you are in long, than start to trail with SL closer and closer until data comes and if data support your position, than set the SL wider again?
And vice versa?
Or you prefer to set SL under/over previous Support/Resistant?

Thank you in advance!
f(z)=z2+c
  • #135,026
  • May 15, 2015 8:46am May 15, 2015 8:46am
Quoting infinitus
{quote} and remember: complaining will get you nowhere but into jail: {image} Flash Crash Scapegoat Nav Sarao Complained More Than 100 Times About The Real Market Manipulators

and also remember:

when you are at the right side of the table, you can manipulate without getting fined at all

Presenting The Quote Stuffing Trading Strategy Of The NY Fed's Favorite Hedge Fund: Citadel


furthermore:

if you do enough of this manipulation, you get the former FED chair to work for you:

175,846,629,768 Reasons Why Ben Bernanke Joined Citadel



Wow, and that with sitting all the day in my tin foil suit already
  • #135,027
  • May 15, 2015 8:52am May 15, 2015 8:52am
Quoting hathor
{quote} Dear Sisse! May I ask what kind of trade you hold (short,long) and how you would like to manage them in a situation like this? If you are in long, than start to trail with SL closer and closer until data comes and if data support your position, than set the SL wider again? And vice versa? You just set SL under/over previous Support/Resistant? Thank you in advance!
I was intraday long 1.135x from yesterday play for the clean sweep. I cleared (got stopped) when we lost 1.137x in the morning ...

You are asking if somebody is long right now ...well depends on too many factors and i cannot tell you how to manage a position. If somebody just entered a trade before a potential news play and doesn't have a clue how to manage it ...it shouldn't be trading in the first place....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,028
  • May 15, 2015 9:09am May 15, 2015 9:09am
what a miss
  • #135,029
  • Edited 9:39am May 15, 2015 9:11am | Edited 9:39am
Quoting sisse
{quote} I was intraday long 1.135x from yesterday play for the clean sweep. I cleared (got stopped) when we lost 1.137x in the morning ... You are asking if somebody is long right now ...well depends on too many factors and i cannot tell you how to manage a position. If somebody just entered a trade before a potential news play and doesn't have a clue how to manage it ...it shouldn't be trading in the first place.... sisse
I was long just like you, but closed my positions at a bit over ~ 1.14 due to the risk of deeper retracement & several short signals (by indicators/finished patterns), and was curious what would a real experienced, fundamentally well-informed trader do.
I get the answer, thanks, however you misunderstood my question.
f(z)=z2+c
  • #135,030
  • May 15, 2015 9:37am May 15, 2015 9:37am
Draghi Warns ECB Economic Policies May Lead to Financial Instability and Worsen Income Inequality; Stupidity Index at New High

What should I say more about our"best of the best" central bankers?
  • #135,031
  • May 15, 2015 11:06am May 15, 2015 11:06am
Quoting sisse
As all week long a direct impact expected that will be play in combo with the opening range [check] ...
Quote
For the technical side, 1.141x [in play] is the key and only level to track for the roll
Quote
For the actual flows..... A positive number opens a direct intraday play [check] ... and again like this morning 1.137x is the line in the sand for a test of highs [check] and fight the 1.141x [in play] for the W roll. A decent undershoot will open a potential clean sweep play like yesterday to the 1.15xx handle [in play]

...and that was it for London session. Clearing first small target on the test of highs. ..for the rest nothing to do until the close some levels, same trades, same all....

Well done all that rode the all the way from the opening range or from yesterday ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,032
  • Edited 11:44am May 15, 2015 11:28am | Edited 11:44am
Quoting sisse
{quote} {quote} {quote} ...and that was it for London session. Clearing first small target on the test of highs. ..for the rest nothing to do until the close some levels, same trades, same all.... Well done all that rode the all the way from the opening range or from yesterday ... sisse
"...and fight the 1.141x [in play] for the W roll.
A decent undershoot will open a potential clean sweep play like yesterday to the 1.15xx handle [in play] "

1.141x for the Weekly roll & clean sweep to 1.15xx (data was a "decent undershoot" [-7.612%]) mutually exclusive, isn't it?
f(z)=z2+c
  • #135,033
  • May 15, 2015 1:28pm May 15, 2015 1:28pm
Quoting hathor
....however you misunderstood my question.
Well you posted the question at the wrong time. Minutes before the open and a key mover for the week ...and to be completely honest with you i just glanced at your new profile picture and my brain switched off to troll mode ...

Quoting hathor
May I ask what kind of trade you hold (short,long) and how you would like to manage them in a situation like this? If you are in long, than start to trail with SL closer and closer until data comes and if data support your position, than set the SL wider again? And vice versa? Or you prefer to set SL under/over previous Support/Resistant? ....
In any case, to your question again.

If you are holding an intraday position and news/reports are coming, I would recommend to never or almost never preemptively trail stops before the news.

However, if the news come and your reading of them are very strong against your direction I would manage the position accordingly (as any trader should):

  1. if they are very close to the final target I would close all ("don't be a dick x a tick rule applies here"),
  2. if there are in the middle of a target range I would, in general, trail to BE and just sit tight. I would never recommend to just close manually for a small gain in that particular case.
  3. and finally if you are underwater or market is very close to your technical levels in which your original plan will be no longer valid, I would recommend to just simple "trail you" out for a loss in the closest place before your original stop where the next further micro break (e.g ...break of a mini low or session low or whatever rocks your boat with indicators) will trigger.

I hope that answer you question ...

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,034
  • May 15, 2015 1:49pm May 15, 2015 1:49pm
...and to complete the positive combo in the euro. Final news coming from Greece that a new agreement with creditors is around the corner ...

Only air above 1.146x so lets see if we can complete the leg until the close...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,035
  • May 15, 2015 1:58pm May 15, 2015 1:58pm
Quoting sisse
{quote} Well you posted the question at the wrong time. Minutes before the open and a key mover for the week ...and to be completely honest with you i just glanced at your new profile picture and my brain switched off to troll mode ... {quote} In any case, to your question again. If you are holding an intraday position and news/reports are coming, I would recommend to never or almost never preemptively trail stops before the news. However, if the news come and your reading of them are very strong against your direction I would manage the position...
Heh, stereotypes...I was wondering about how this avatar will effect my appreciation, but to be honest I don't mind if people won't take me serious.
Why I asked it is because I was more of a scalp trader, but as time goes by I started to trade longer time intervals. But it's hard to get rid off my scalper reflexes.
Thank you for your time Sisse, have a nice weekend.
f(z)=z2+c
  • #135,036
  • May 15, 2015 2:18pm May 15, 2015 2:18pm
Quoting sisse
If you are holding an intraday position and news/reports are coming, I would recommend to never or almost never preemptively trail stops before the news.
Sisse, but often the market moves 50 or more pips on the news in the first 1-2 minutes, often before you have the chance to read the news (not to mention to analyze it). Isn't it better to have a stop loss on a closer distance to the current price (still bigger than the expected 2 way noise), just in case of strong negative reading against your position?
  • #135,037
  • May 15, 2015 3:31pm May 15, 2015 3:31pm
Quoting jaxx80
{quote} Sisse, but often the market moves 50 or more pips on the news in the first 1-2 minutes, often before you have the chance to read the news (not to mention to analyze it). Isn't it better to have a stop loss on a closer distance to the current price (still bigger than the expected 2 way noise), just in case of strong negative reading against your position?
I see what you mean, but we are not talking about trading the knee jerk reaction with some very volatile reports (like a ECB conference or FOMC etc) we are talking about managing swings / or intraday positions when you are caught in the middle of an upcoming news event that can change the market flow against your position....

Nothing we talked before applies or implies how to trade news or manage a intraday spike in a wild ECB announcing QE, etc etc etc....

Personally, I wouldn't recommend you to focus on trading intrday wild news spikes in general and worst if you don't have a very clear grasp of what is going on ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,038
  • May 15, 2015 6:52pm May 15, 2015 6:52pm
One helluva close. Keeping an eye out for some longs after a good pull back. EU hasn't been one to give pullbacks either way this year.

Don't think we've hit the top of this particular leg, fibs don't line up quite right. a top in the 1490's would line up much better....and set up some very good to-the-pip opportunities.

I have an UM at 1.14939 with good correlation that may give us what we want.

Not that it's a loss or anything, but I think it's time I cut back the posting on FF. I'll check in once or twice a day, but the all day on FF stuff can drive someone nuts..
  • #135,039
  • May 16, 2015 9:34am May 16, 2015 9:34am
for your weekend enjoyment

Inserted Video
  • #135,040
  • May 16, 2015 10:09am May 16, 2015 10:09am
Quoting infinitus
{quote} and again speaking of ethical behaviour:
Do not follow Durden. He just tries to hook you into a dark belief of the financial world, and keep you hooked. Is some of what he says correct? Yes, just enough to hook you.
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