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The Really Useless Thread

  • #136,261
  • Jul 21, 2015 8:52pm Jul 21, 2015 8:52pm
Quoting sisse
... Next in line for the domino OIL. Tracking extremely closely 50.9x in the next few sessions (especially the W roll). Failure to take it to the upside will unlock the mid term swing to $36.5x and max extension $26.4x with strong intermediate stops at $48.3x and $41.2x....
http://www.bloomberg.com/news/articl...t-keep-digging

yep the same story in gold can play out in oil, and the big gorilla in the room that doesn't get so much attention is the junk debt that has financed the overproduction in both, and when they all start feeding each other in a downward spiral of defaults and bk's, not much will remain unscathed, except cash...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #136,262
  • Jul 22, 2015 2:37am Jul 22, 2015 2:37am
...early bird gets the worm ??? .... key opening in the euro on the uber important 1.096x .... We can settle the deal as soon as the European opening range... However the ball is the other side of the Atlantic. All eyes later on US equities again after the awful miss of "King" Apple but the mover techinically could come from OIL .... all during the US sessions....

In the euro, topping up and ready to go. For the rest of the session 1.093x holding the opening will unlock a quick in and out to the 1.10xx handle (1.101x with max extension 1.108x) but that extension scenario will guarantee us "Nothingness" (extended compress & untrable chop zone) until next week FOMC/M/W triple combo ....

My bets are on the other side on completing the short term swing and more importantly starting the mid term swing to parity so nothing to do at these levels but sit tight and wait to see how it pans out ....

GL all

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,263
  • Jul 22, 2015 2:47am Jul 22, 2015 2:47am
Quoting sisse
For the rest of the session 1.093x holding the opening will unlock a quick in and out to the 1.10xx handle (1.101x with max extension 1.108x) ...... GL all sisse
Quoting Tom_D_Trader
Soo, do we cover 0965 intraday or wait for bounce and break to ,1083?
Good morning mate. Am always glad when you watch same numbers . Me waiting and just scaled up on last counterpush on EU, GU and UJ. UJ is imo quite nice hold (Edit: 123,77 S turned R)and smoothly moving 123,126..then 122,65. GU really wanna break to 1,57..1,578..1,587 (My TP). All combined, could pull USD charts.
GL today, T
"I know one thing, that I know nothing." Sokrates
  • #136,264
  • Jul 22, 2015 4:17am Jul 22, 2015 4:17am
Quoting sisse
...1.10xx handle (1.101x with max extension 1.108x) GL all sisse
I'm looking in to 1030's as next hurdle close by, once 930's gets sorted out. And 1.160x for later..
69
  • #136,265
  • Jul 22, 2015 4:28am Jul 22, 2015 4:28am
Quoting Likerty
{quote} I'm looking in to 1030's as next hurdle close by, once 930's gets sorted out. And 1.160x for later..
uff mate ... don't really see it going that far. I only got those micro in and out overshoots to the 1.10xx handle max that I mentioned earlier to complete the short term swing leg 1.073x (and the new intraday fresh extension for the intraday leg to 1.069x) . The only level in play in my books for the swing is 1.096x. The others are just intraday micro levels for the next sessions....

Sadly one of us will be in the wrong side at the end of this .... GL

In any case, as expected Europe held 1.093x in the opening range so not much to see until the driver (US) enters into the game in a couple of hours ...so same levels, same trades, same all ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,266
  • Jul 22, 2015 6:11am Jul 22, 2015 6:11am
1.108x is on my IF...THEN-list for a short.

And 1.096x has my interest as well. Not so much for a direct swing play, but for the short scenario @ 1.108x that might turn into a swing for the lows

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  • #136,267
  • Jul 22, 2015 6:38am Jul 22, 2015 6:38am
That was it for the european session. As expected, 1.093x all day long with Europe in full chop mode. However, now is crunching time as the main driver wakes up. US coming with all eyes on AAPL (dollar via equities) . My eyes are especially in OIL too.

NY in full control again for today. Locked and loaded here so not much to do until the open ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,268
  • Jul 22, 2015 6:59am Jul 22, 2015 6:59am
Quoting ClinicalEx
A short squeeze as soon as 1.091 was taken intraday. 97.40 coming back into the picture on the dollar, this time from the other side, but we'll need to track the picture closely around there meaning no fade until a clean intraday break back of 60ish and 91 being broken back on the pair too.
The bulls still stubbornly holding on and not making this easy. A compressed range at 97.40/contextually a bottom or topping pattern so momentum from a clean break on either side, but heavy (resolved) resistance still just overhead on the pair so the bulls are limited... Play is clear, management is a pain with the overshoot if they're going to test 1.097.
  • #136,269
  • Jul 22, 2015 7:11am Jul 22, 2015 7:11am
Quoting ClinicalEx
{quote} ... Play is clear, management is a pain with the overshoot if they're going to test 1.097.
Definitively. If you don't have the mattress from riding the swing from above (above 1.12xx handle i mean) the stops look nasty to ride it blindly intraday ...bastards know why and always know when to do it I guess ...

In any case, markets are in hyperactive mode and we are just in pre opening in NY....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,270
  • Jul 22, 2015 7:29am Jul 22, 2015 7:29am
Quoting Tom_D_Trader
{quote} {quote} Good morning mate. Am always glad when you watch same numbers . Me waiting and just scaled up on last counterpush on EU, GU and UJ. UJ is imo quite nice hold (Edit: 123,77 S turned R)and smoothly moving 123,126..then 122,65. GU really wanna break to 1,57..1,578..1,587 (My TP). All combined, could pull USD charts. GL today, T
Eur getting weaker all over the place and I have closed my EU longs. Also deleveraged a bit of GU, as with both NY and LO opened is too much pressure on me. Also I like profits.

These below are my long term GU thoughts. With monthly breaking 1,52, I believe chart is gonna stay monthly above. Intraweek am focusing on elections gap 1,5415.
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Click to Enlarge Name: GUD.JPG Size: 130 KB
"I know one thing, that I know nothing." Sokrates
  • #136,271
  • Jul 22, 2015 7:56am Jul 22, 2015 7:56am
Hi Sisse: Any idea how people value Gold??
I think the current move down in gold is in anticipation of rate raise in the US where people are moving away from no interest paying gold to interest paying instruments like bonds etc. Do you agree? If this is true where will the move stop? $800 if interest rates goes all the way up to 3%? $1000 for 3%? any idea?
Quoting sisse
{quote} uff ge so not much to see until the driver (US) enters into the game in a couple of hours ...so same levels, same trades, same all .... sisse
  • #136,272
  • Edited 8:39am Jul 22, 2015 8:01am | Edited 8:39am
Quoting Xxavier
Hi Sisse: Any idea how people value Gold?? I think the current move down in gold is in anticipation of rate raise in the US where people are moving away from no interest paying gold to interest paying instruments like bonds etc. Do you agree? If this is true where will the move stop? $800 if interest rates goes all the way up to 3%? $1000 for 3%? any idea? {quote}
just to help: there has been disc about it in recent days so U can find it all including the target levels not so much back in history of this thread
  • #136,273
  • Edited 9:58am Jul 22, 2015 8:38am | Edited 9:58am
Quoting sisse
...early bird gets the worm ??? .... key opening in the euro on the uber important 1.096x .... We can settle the deal as soon as the European opening range... However the ball is the other side of the Atlantic. All eyes later on US equities again after the awful miss of "King" Apple but the mover techinically could come from OIL .... all during the US sessions.... In the euro, topping up and ready to go. For the rest of the session 1.093x holding the opening will unlock a quick in and out to the 1.10xx handle (1.101x with max extension 1.108x)...
Quoting sisse
That was it for the european session. As expected, 1.093x all day long with Europe in full chop mode. However, now is crunching time as the main driver wakes up. US coming with all eyes on AAPL (dollar via equities) . My eyes are especially in OIL too. NY in full control again for today. Locked and loaded here so not much to do until the open .... sisse
Hmmm, start of the fall of the next domino? - oil - 50 broken - well see if it "holds". And AGAIN as Sisse said
  • #136,274
  • Jul 22, 2015 10:05am Jul 22, 2015 10:05am
Quoting chester123
{quote} {quote} Hmmm, start of the fall of the next domino? - oil - 50 broken - well see if it "holds". And AGAIN as Sisse said
A aint sure if he is a seer or saint. Perhaps seersaint?
"I know one thing, that I know nothing." Sokrates
  • #136,275
  • Jul 22, 2015 10:20am Jul 22, 2015 10:20am
Hello
Sorry for the offtopic
Does anyone know how I can see in tradingview site the yields of German and US 10 year treasury bonds?
Normally when I am looking at them through 'investing' website (which has some tradingview widget embedded), they are visible with codes US10YT=R and DE10YT=RR
but for some reason I cannot find them in the tradingview site itself?
Thanks
  • #136,276
  • Edited 11:21am Jul 22, 2015 10:44am | Edited 11:21am
Hi sisse,
Any thoughts about NZDUSD? with rate statement coming soon?
And any explanation why gold selling didn't drive USD buying as USD Index didn't move with gold's big drop?
Andrew
  • #136,277
  • Jul 22, 2015 11:30am Jul 22, 2015 11:30am
Quoting Tom_D_Trader
{quote} A aint sure if he is a seer or saint. Perhaps seersaint?
Haha, recently he seems to be an incarnation of the market itself!
  • #136,278
  • Jul 22, 2015 12:36pm Jul 22, 2015 12:36pm
This is for those who still think Yellen is gonna hike this year,

Finally, if China's selling is only getting started, just what does this mean for future Fed strategy. Because one can easily forget a rate hike if in addition to rising short-term rates, China is about to dump a few hundred billion in paper on a vastly illiquid market.
Or let us paraphrase: how soon until QE 4?

http://www.zerohedge.com/news/2015-0...man-speechless
Free speech is an oxymoron
  • #136,279
  • Jul 22, 2015 1:20pm Jul 22, 2015 1:20pm
a daily close under 1.093x , better 1.088x would put an end for 1.098x/1.10x in the next few sessions inlign with a break under 1.085x for downside continuation through 1.07xx..Sl's should be safe just above 1.096x for the micro swing riders

hoom.
Get Rich or Die Tryin
  • #136,280
  • Jul 22, 2015 1:55pm Jul 22, 2015 1:55pm
Quoting sisse
Next in line for the domino OIL. Tracking extremely closely 50.9x in the next few sessions (especially the W roll). Failure to take it to the upside will unlock the mid term swing to $36.5x and max extension $26.4x with strong intermediate stops at $48.3x and $41.2x....
....and the dominos keep falling. Today in the menu OIL ... in another very good day of trading, Oil getting crushed - 3% and counting for the energies close and we are closing in a "scary" daily break (area is mid term too so W will settle the deal) after strong inventory reports ...

For the rest as expected US equities in full control. They pulled the hand break on the open in what it seemed the beginning of an epic day across the board before NY open, carrying dollar with it and providing limited moves down across the board.

Having cleared the way for RMT in bonds, equities, gold and oil in the last few days Dollar looks "al dente" for the next and final domino to fall across the board. With today close, they are imminent major moves across the board for a preemptive strike (outsmarting hawkish confirmation from FED) before next week FOMC/W/M triple combo that will settle the rest of the summer .

At the end, the Rain Maker (FED) has the last word and needs to play ball next week otherwise we are set for noisy chop zones until September.

For the euro, just moving as collateral of the major flows across the board (via dollar). Tracking 1.091x for the roll but just for reference as there is not much to do at the current levels so same trades, same all for now ...with all EYES in the dollar as the next domino ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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