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The Really Useless Thread

  • #136,301
  • Jul 23, 2015 12:24pm Jul 23, 2015 12:24pm
Gold is declining,(used as hegde againt a rising USD. Oil is decling USD should rise. Stock market declining USD should rise. Expdctations abouth rate hike in US and US should make USD rise. Greek solved for some time should make USD rise. Good USD figures today should make USD rise and still we see USD decling.

This is wrong
  • #136,302
  • Jul 23, 2015 12:45pm Jul 23, 2015 12:45pm
Quoting MarianneOslo
Gold is declining,(used as hegde againt a rising USD. Oil is decling USD should rise. Stock market declining USD should rise. Expdctations abouth rate hike in US and US should make USD rise. Greek solved for some time should make USD rise. Good USD figures today should make USD rise and still we see USD decling. This is wrong
You sound frustrated. My 2 cents, you maybe looking too close to the market in your charts while interpreting major FA factors that are way beyond your chart's scope....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,303
  • Jul 23, 2015 1:29pm Jul 23, 2015 1:29pm
Quoting sisse
{quote} You sound frustrated. My 2 cents, you maybe looking too close to the market in your charts while interpreting major FA factors that are way beyond your chart's scope.... sisse
Doesn't look like OIL is going to hold 48.3 until FOMC... Some hard testing going on.
  • #136,304
  • Jul 23, 2015 1:52pm Jul 23, 2015 1:52pm
Quoting eborn
{quote} Doesn't look like OIL is going to hold 48.3 until FOMC... Some hard testing going on.
You tell me ...I think we will hold but I hope we won't ....

Quoting sisse
Next in line for the domino OIL. Tracking extremely closely 50.9x [check] 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 [check] and $41.2x....
In a fantastic and quick leg. Clearing $48.3x and as expected is going to be strong enough to hold the close.

With that level holding until tomorrow we probably we got pretty much all in OIL until next week...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,305
  • Jul 23, 2015 1:57pm Jul 23, 2015 1:57pm
Quoting sisse
{quote} You tell me ...I think we will hold but I hope we won't .... {quote} In a fantastic and quick leg. Clearing $48.3x and as expected is going to be strong enough to hold the close. With that level holding until tomorrow we probably we got pretty much all in OIL until next week... sisse
Midas . Man that was such a brutal domino combo you just played here.
"I know one thing, that I know nothing." Sokrates
  • #136,306
  • Jul 23, 2015 2:01pm Jul 23, 2015 2:01pm
Quoting sisse
{quote} You tell me ...I think we will hold but I hope we won't .... {quote} In a fantastic and quick leg. Clearing $48.3x and as expected is going to be strong enough to hold the close. With that level holding until tomorrow we probably we got pretty much all in OIL until next week... sisse
Thanks for all your insight. Still holdings shorts from $50.87. Gold is more of a mysterie to me. Never traded it before. Holding short from 1116, but i don't trust the range we are in. 1090 seems to be it for now. Range is a bit to choppy for my liking. But then again, closed my us500 shorts just before the big drop today. So what do i know ;-)
  • #136,307
  • Jul 23, 2015 2:06pm Jul 23, 2015 2:06pm
Quoting Tom_D_Trader
{quote} Midas . Man that was such a brutal domino combo you just played here.
Indeed. Combos like this can make yoy rich. Glad i could ride part of it.
  • #136,308
  • Jul 23, 2015 2:18pm Jul 23, 2015 2:18pm
Quoting sisse
{quote} You sound frustrated. My 2 cents, you maybe looking too close to the market in your charts while interpreting major FA factors that are way beyond your chart's scope.... sisse

Yes I am frusterated because I know that I am right and the market is doing different.

Still I am also sceptical to the rate hike this year. Still too much wrong in the markets.
  • #136,309
  • Jul 23, 2015 2:29pm Jul 23, 2015 2:29pm
Quoting Banzaisky
Jim works at the CBT and here he sums up why he thinks the Fed can't raise rates https://www.youtube.com/watch?v=gG7oKz5MxwU#t=1197
Dude let it freaking go !!
Read the numbers
Interpret them yourself
Everybody has a different opinion / different agenda / different time frame etc etc
Peace
  • #136,310
  • Jul 23, 2015 2:33pm Jul 23, 2015 2:33pm
Quoting Tom_D_Trader
{quote} Midas . Man that was such a brutal domino combo you just played here.
Thanks mate.

Quoting eborn
{quote} Thanks for all your insight. Still holdings shorts from $50.87. Gold is more of a mysterie to me. Never traded it before. Holding short from 1116, but i don't trust the range we are in. 1090 seems to be it for now. Range is a bit to choppy for my liking. But then again, closed my us500 shorts just before the big drop today. So what do i know ;-)
GOLD is floor-less after macro stops got taken in that massive spike down. A slight wind from the FED it will blow it sub $1000. A dovish FED and we will create a temporary strong support around 108x.xx for the next couple of months .... until then wide chop zone to cover the empty space with actual orders....

Quoting MarianneOslo
{quote} Yes I am frusterated because I know that I am right and the market is doing different. Still I am also sceptical to the rate hike this year. Still too much wrong in the markets.
I know what you mean. However, Market is never wrong, we are (or aren't). I insist you may not matching your FA bias with the appropriate TF charts ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,311
  • Jul 23, 2015 2:51pm Jul 23, 2015 2:51pm
Quoting Tom_D_Trader
{quote} Midas . Man that was such a brutal domino combo you just played here.
Bravo

Sisse is hands down a MAGICIAN
I honestly do not know how he does it- he has been doing a play by play here not just for Euro , but for OIL and Gold and ES..it has been so precise to the point where I am totally freaked out.

I mean, I have been trading for 7+ years. Took me 5 years to get profitable and I think I am pretty good at it finally in a way that I can bring in steady profits..
But then.. this guy Sisse comes along and makes me realize that he is on a whole other level than anybody here.
I swear, it is scary sometimes how he knows and feels where the market will go.
We are truly blessed he is spending time here and is kind enough to explain his views and give us information that is priceless.
I've said it before and I will say it again:
THANK YOU SISSE!!!
  • #136,312
  • Jul 23, 2015 3:13pm Jul 23, 2015 3:13pm
looking at DXY on weekly basis , last week was extremely bullish with 50% retrace this week we might have the W low set for the next leg up ... we are trading crosses so look at both sides when trading ...

hoom.
Get Rich or Die Tryin
  • #136,313
  • Jul 24, 2015 2:30am Jul 24, 2015 2:30am
A clean break of 0965 with London opens up 0926. A hold below that on the daily sets us up for the continuation before the FED leaving them to sort out 1.073 later next week.
  • #136,314
  • Jul 24, 2015 3:24am Jul 24, 2015 3:24am
Quoting hathor
Uhh...than I should not listen to my signals? It says buy under 1.1
Quoting hathor
Last weekly signal: Buy signal at 1.099xx (2015.05.24-29.)
2015.05.24-29. week still defended
f(z)=z2+c
  • #136,315
  • Jul 24, 2015 4:34am Jul 24, 2015 4:34am
Quoting hathor
{quote} {quote} 2015.05.24-29. week still defended
It's that monthly engulfing bar. Historically you only have a couple of failures of those when
the stochastics are at the very bottom, and even then it takes 3-4 months to defeat them.
  • #136,316
  • Jul 24, 2015 4:59am Jul 24, 2015 4:59am
Quoting hathor
{quote} {quote} 2015.05.24-29. week still defended
Quoting MissPips
{quote} It's that monthly engulfing bar. Historically you only have a couple of failures of those when the stochastics are at the very bottom, and even then it takes 3-4 months to defeat them.
So your outlook on the euro is to rise and looking for buying signals? If so, wouldn't that be against the FA that are driving the markets at the moment with the US rate hikes?
Thanks, Andrew
  • #136,317
  • Edited 6:53am Jul 24, 2015 6:21am | Edited 6:53am
Quoting ws121
{quote} {quote} So your outlook on the euro is to rise and looking for buying signals? If so, wouldn't that be against the FA that are driving the markets at the moment with the US rate hikes? Thanks, Andrew
Can't speak for Hathor. My outlook is that we are in a wide range, which is caused by that monthly engulfing bar and the attempts to break it/defend it, and that is where we are going to be until there's a monthly close above or below that candle. In a range you can trade both sides (long when it gets to nice looking S nearer the bottom and short when it gets to nice looking R near the top, or when you see a reliable pattern, and don't expect too much until it gets broken.) If we weren't in a range I wouldn't even be thinking about doing any longs, and the truth is I do feel happier with my short trades than my long ones. But I can't ignore the fact that most times, those monthly engulfing candles have signaled a swing up.

Edit: Gold is making new lows, AudUSD is making new lows, UCAD is making new highs, but Euro isn't making new lows. Which says something to me. (Probably what it says is that EURUSD is not the best pair right now to trade USD strength, even though fundamentally that doesn't make sense that it isn't since there's QE in the Eurozone and it's stopped in the US)
  • #136,318
  • Jul 24, 2015 7:00am Jul 24, 2015 7:00am
Quoting ws121
{quote} {quote} So your outlook on the euro is to rise and looking for buying signals? If so, wouldn't that be against the FA that are driving the markets at the moment with the US rate hikes? Thanks, Andrew
Even if it goes under parity, it is over/at 50% of the down move (I mean it won't fall under 0.6 in one go) so I'm bullish no matter of any fundamentals and geopolitical "facts ".
f(z)=z2+c
  • #136,319
  • Jul 24, 2015 8:27am Jul 24, 2015 8:27am
Quoting sisse
{quote} For the intraday session same levels in play as in yesterday. Tracking 1.101x with max extension 1.108x. Euro and markets in general are setting to go to sleep until next week FOMC that will decide the faith of the board.
As expected markets and euro starting to fall asleep.... Last sessions of the week. Only US equities in play for the opening range (rest of the board pretty much done for the week and in waiting mode).

Last chance to complete the preemptive selloff in equities before FOMC next week. If triggered it will easily carry the rest of the board. 2100.xx (S&P for reference) only level in play across the board for the NY opening session to complete the preemptive leg to 2085.xx.... Failure and the board will go to sleep in an early weekly close...

On the euro, it will only move as collateral of the rest of board (via dollar) so nothing new, same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #136,320
  • Jul 24, 2015 9:47am Jul 24, 2015 9:47am
Quoting sisse
{quote} You tell me ...I think we will hold but I hope we won't .... {quote} In a fantastic and quick leg. Clearing $48.3x and as expected is going to be strong enough to hold the close. With that level holding until tomorrow we probably we got pretty much all in OIL until next week... sisse
There goes the OIL.
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