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The Really Useless Thread

  • #135,621
  • Jun 17, 2015 1:45pm Jun 17, 2015 1:45pm
Quoting ws121
{quote} Hi sisse, glad you're back Does this put it under {quote} or {quote} ? Thanks
In between my 1st reading.Listen to Yellen, track closely the roll. Let Europe diggest the news on the open to see how markets read it.If you are not in (any side)/there is no hurry. If you are hokding longs from below (like some of us here), track closely and sit tight before trailing....sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,622
  • Jun 17, 2015 1:45pm Jun 17, 2015 1:45pm
Quoting hathor
{quote} ...So if I'm right, than there won't be any spike down, only up-up-up and up. Time will tell. Any thoughts?
No, I was wrong.
f(z)=z2+c
  • #135,623
  • Jun 17, 2015 2:21pm Jun 17, 2015 2:21pm
Currently at this point - EurUsd - H4:
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_06_EurUsd_H4.png Size: 29 KB

Previously in March - EurUsd - H4:
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_03_EurUsd_H4.png Size: 23 KB
f(z)=z2+c
  • #135,624
  • Jun 17, 2015 2:26pm Jun 17, 2015 2:26pm
Quoting sisse
{quote} In between my 1st reading.Listen to Yellen, track closely the roll. Let Europe diggest the news on the open to see how markets read it.If you are not in (any side)/there is no hurry. If you are hokding longs from below (like some of us here), track closely and sit tight before trailing....sisse




The Chonchy
  • #135,625
  • Jun 17, 2015 2:35pm Jun 17, 2015 2:35pm
Question for Hathor , Miss pips , PharmOr or any other MOFUs out there.

This method, seems to be fib based, fits in to how I trade . Always trying to learn anything that might help in entry and exits.
To figure this method out , I've been reading a lot of Gators old posts . ( from what I read , Gator seems to be the one that came up with this ) and studying everyones posts and charts .
My question , Is there a thread ( or section in a thread ) that explains the "mofu" in detail or is studying Gators posts the best way.
Thanks
peace
Peace
  • #135,626
  • Jun 17, 2015 2:44pm Jun 17, 2015 2:44pm
Quoting build11
Question for Hathor , Miss pips , PharmOr or any other MOFUs out there. This method, seems to be fib based, fits in to how I trade . Always trying to learn anything that might help in entry and exits. To figure this method out , I've been reading a lot of Gators old posts . ( from what I read , Gator seems to be the one that came up with this ) and studying everyones posts and charts . My question , Is there a thread ( or section in a thread ) that explains the "mofu" in detail or is studying Gators posts the best way. Thanks peace
Sorry, but can't answer, don't know/use 'mofu'.
f(z)=z2+c
  • #135,627
  • Jun 17, 2015 3:31pm Jun 17, 2015 3:31pm
Quoting hathor
{quote} Sorry, but can't answer, don't know/use 'mofu'.
Thanks for the response
peace
Peace
  • #135,628
  • Jun 17, 2015 3:43pm Jun 17, 2015 3:43pm
Quoting hathor
{quote} No, I was wrong.
Maybe is not that ... IMHO, you may have failed to see the forest for the trees...I am referring to our last conversation back in May. i wont update yet our pending conversation (the zig zag play) with a chart until we pass the FOMC but we already cleared 5 of the 6 waves that we discussed/forecasted on the "hindsight and after chart" (only T2 is left open but no break no shake so far)...

In any case as expected 1.134x held the FOMC short term reaction. A roll above 1.132x will trigger Imminent Break Alerts intraday/daily as soon as tomorrow European opening but the current leg is part of a weekly swing and we still have the dark cloud of Greece default this week so until Friday tracking closely intraday flows....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,629
  • Jun 18, 2015 1:53am Jun 18, 2015 1:53am
Quoting ClinicalEx
{quote} They're decoupling now with the FED looming. Treasury yields coming up hard on support but the bund not so much. Anyway, 1.122 in play but it will be resolved at the extremes on serious volatility. Bear's will capitulate with a confirmed break of 1.1382 with dovish support from the FED. It will probably put paid to those monthly highs 1466, 1533 too. Anything slightly hawkish will see 1.098 in no time and then more below that and then some more. Oil, gold are coiled up and I can't say nothing about those. So yields coming up strongly and...
Nothing extreme or volatile coming from the FED either way. Moderately dovish and stuck in the wait and see approach so back to daily grind.

Bears still holding/capping the highs at 1.1382 after the direct move off 1.122 on the FED. 1.128 looks like the value area for day trading any dovish FED bias on the retrace.
  • #135,630
  • Jun 18, 2015 2:46am Jun 18, 2015 2:46am
Quoting sisse
{quote} Maybe is not that ... IMHO, you may have failed to see the forest for the trees...I am referring to our last conversation back in May. i wont update yet our pending conversation (the zig zag play) with a chart until we pass the FOMC but we already cleared 5 of the 6 waves that we discussed/forecasted on the "hindsight and after chart" (only T2 is left open but no break no shake so far)... In any case as expected 1.134x held the FOMC short term reaction. A roll above 1.132x will trigger Imminent Break Alerts intraday/daily as soon as tomorrow...
That image is always on my mind!
Inserted Video


f(z)=z2+c
  • #135,631
  • Jun 18, 2015 4:37am Jun 18, 2015 4:37am
Quoting sisse
{quote} Maybe is not that ... IMHO, you may have failed to see the forest for the trees...I am referring to our last conversation back in May. i wont update yet our pending conversation (the zig zag play) with a chart until we pass the FOMC but we already cleared 5 of the 6 waves that we discussed/forecasted on the "hindsight and after chart" (only T2 is left open but no break no shake so far)... In any case as expected 1.134x held the FOMC short term reaction. A roll above 1.132x will trigger Imminent Break Alerts intraday/daily as soon as tomorrow...
So...may I ask, if you started to trail the price with stops after this another push up (the pair is sitting at yesterday up move's 127.2 extension)?
And if yes, than on what time frame you choose previous bottom?
Thanks in advance!
f(z)=z2+c
  • #135,632
  • Jun 18, 2015 6:45am Jun 18, 2015 6:45am
Quoting hathor
{quote} So...may I ask, if you started to trail the price with stops after this another push up (the pair is sitting at yesterday up move's 127.2 extension)? And if yes, than on what time frame you choose previous bottom? Thanks in advance!
Well, we got the trigger news with the FED, but we haven't break yet. As long as there is no break there is no shake therefore no harm in trailing on failure. I am not sure what you talking about with that extension, is probably micro intraday Tf or a ATR extension (is it?) because I don't have it for the current swing leg...

In any case, as discussed yesterday after the FED, all eyes on inflation.

Quoting sisse
{quote} .... In simple words, inflation need to tick up [in play] a notch and there you have the confirmation... Until then there is."no hurry".....
On the other hand, any undershoot will trigger a run of stops in the highs with Greece noise holding the upper hand for the W close...nothing to see here, no break no shake so keep tracking intraday closely...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,633
  • Jun 18, 2015 7:10am Jun 18, 2015 7:10am
Quoting sisse
{quote} Well, we got the trigger news with the FED, but we haven't break yet. As long as there is no break there is no shake therefore no harm in trailing on failure. I am not sure what you talking about with that extension, is probably micro intraday Tf or a ATR extension (is it?) because I don't have it for the current swing leg... In any case, as discussed yesterday after the FED, all eyes on inflation. {quote} On the other hand, any undershoot will trigger a run of stops in the highs with Greece noise holding the upper hand for the W close...nothing...
Was referring to this:
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd - H1.png Size: 23 KB
f(z)=z2+c
  • #135,634
  • Jun 18, 2015 7:36am Jun 18, 2015 7:36am
very good number from Us even cpi is better than last one , why Eur/Usd is going up?
  • #135,635
  • Jun 18, 2015 7:49am Jun 18, 2015 7:49am
Quoting hathor
{quote} Was referring to this: {image}
I see...well that wave is beyond my scope (is too small range for my charts) so I can't say much except the commons sense and general TA analysis: A break above opens set of wave extensions, failure back to chop zone....

In any case, slight miss in the inflation headline but in general both sides (employment and inflation) inline with expectations ...nothing to see here. "Tweeter session" expected until the close with Greece providing the usual noise ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,636
  • Jun 18, 2015 8:04am Jun 18, 2015 8:04am
Quoting sisse
{quote} I see...well that wave is beyond my scope (is too small range for my charts) so I can't say much except the commons sense and general TA analysis: A break above opens set of wave extensions, failure back to chop zone.... In any case, slight miss in the inflation headline but in general both sides (employment and inflation) inline with expectations ...nothing to see here. "Tweeter session" expected until the close with Greece providing the usual noise ... sisse
I'm happy that you are back, Sisse. Continue with the good work. Best, verified.
  • #135,637
  • Jun 18, 2015 8:06am Jun 18, 2015 8:06am
Quoting verified
{quote} I'm happy that you are back, Sisse. Continue with the good work. Best, verified.
....only for the pending open conversations.... I never leave a conversation open even if I am wrong so .... but thanks for the kind words ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #135,638
  • Jun 18, 2015 8:16am Jun 18, 2015 8:16am
Quoting sisse
{quote} ....only for the pending open conversations.... I never leave a conversation open even if I am wrong so .... but thanks for the kind words ... sisse
So if we keep open conversations then you can't leave
  • #135,639
  • Jun 18, 2015 8:39am Jun 18, 2015 8:39am
Hi Sissie, a question: what would be your stance on this rate mode trading now = after FOMC? It seems to me that the FED was not the necassary trigger even though it was only very slightly dowish. Given the stressed data dependence - does it mean that the entry into RMT could be just "gradual" ( ) if the data are coming good? Given the fact that next FED meeting is at the end of July = i.e. next big potential event-trigger of RMT is pretty far away.


Quoting sisse
A dovish FED/Yellen opening the door of hikes only from next year. ----> 50/50 chances For those, holding the swing from below nothing to di but wait to see if pans out. 1.135x unlock first main 1.155x swing target in the next few sessions. If not in.1.135x is the break to take / reload. A inline FED with September highs and double dots for early next year ----> 50/50 Range play intact. 1.135x to 1.104x so if already in, kill longs in intradday failure (fade 1.127x and ride the mini wave to the floor until Greece noise settle down. Gl all... sisse...
Plus when you say its best to closely tract the intraday moves. Is it because the Fed was pretty much somewhere between these two scenarios (Slightly dowish but not moving rates to next year but also not explicitly being hawkish - more likely being cautious (double-ego schizophrenic FED )) youve drawn and its unclear now where the market is heading? More likely to 1.155x as 1.135x has been broken but that would mean setting new year high in recent swing and invalidation of the RMT scenario for some time.

Thank you
  • #135,640
  • Jun 18, 2015 10:24am Jun 18, 2015 10:24am
Quoting sisse
{quote} Well, we got the trigger news with the FED, but we haven't break yet. As long as there is no break there is no shake therefore no harm in trailing on failure. I am not sure what you talking about with that extension, is probably micro intraday Tf or a ATR extension (is it?) because I don't have it for the current swing leg... In any case, as discussed yesterday after the FED, all eyes on inflation. {quote} On the other hand, any undershoot will trigger a run of stops in the highs with Greece noise holding the upper hand for the W close...nothing...
let say...

1.125 before 1.15

and

1.5 before sub 1.0

not a trade Signal.. but a my pool entry
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