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The Really Useless Thread

  • #137,381
  • Oct 19, 2015 3:13am Oct 19, 2015 3:13am
Quoting chester123
{quote}...what do u mean by the last sentence? So in what way and why would it change your view? Because the good numbers would mean steeper gradual tightening cycle? And btw. how do you see the W close in EUR/USD?
Most of the range of the first hike rate move in equities was already covered (preemptive wave that worked flawlessly for the bastards). A Very good round of numbers will invite real money to start eyeballing a super tasty "buy and hold" leg for the mid/longer term.

Meaning the firsts rates impact will start weighting less and less on equities for DEC (basically we'll start going back to the natural correlation of good numbers = good equites instead of good numbers = rate hike). In TA terms, a test 1790.xx will be locked for this year...therefore i'll need to revaluate taking shorts only.
Quote
The pinball looks bearish but as the triangle on W is approaching its end the pinball does not look convincing at all Thank you and have a great weekend

The weekly bar alone looks awfully bearish, but as you well pointed out, if you put it in context was very neutral (which is expected in a neutral range). Short term this week, bears are uncovered after last week. A break above 1.147.x will open the sky very quick as we'll see the classical "Capitulation" move. To the other side the range is intact with plenty of soft and mild supports till the floor (1.112x / 1.108x).

For the next few euro sessions, the obvious 1.135x since last week is the only level to trade until ECB. OIL (CAD for those trading) is on the menu for this Week with eyes on inventories after Chinese numbers before starting to form a bottom. and we may enter in full chop zone till the end of the year after this week.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,382
  • Oct 19, 2015 7:32am Oct 19, 2015 7:32am
Early alerts triggered in Equities. Watch-out for S&P losing foot 2020.xx after that awful miss from Morgan Stanley that could bring down some dominos. Tracking closely Equities as they will carry the rest of the board including Euro with 1.135x in play until Europe goes home...

One more time ....choose your poison time ...

GL all trading or planning to trade...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,383
  • Oct 19, 2015 8:15am Oct 19, 2015 8:15am
Quoting sisse
Early alerts triggered in Equities. Watch-out for S&P losing foot 2020.xx after that awful miss from Morgan Stanley that could bring down some dominos.
A slow grind up, no straight-line ascent, +20 pts a week or so, could be a battle around 2050-2070 lasting weeks. But Santa will not be denied.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,384
  • Oct 19, 2015 9:07am Oct 19, 2015 9:07am
Quoting The Fool
{quote} A slow grind up, no straight-line ascent, +20 pts a week or so, could be a battle around 2050-2070 lasting weeks. But Santa will not be denied.
He damn sure wont
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  • #137,385
  • Oct 19, 2015 9:55am Oct 19, 2015 9:55am
What if Santa doesn't deliver the prezzies at the end of the month?
Sleigh might break down, Reindeer might contract foot rot,
Santa himself might be depressed..

Inserted Video
  • #137,386
  • Oct 19, 2015 9:56am Oct 19, 2015 9:56am
Quoting Pharm0r
{quote} I caught that as well. Some are saying the production cost is closer to $20 Even so, the same applies. Either they find a way to do it cheaper, or stop doing it. Hard times brings innovation, oil has proved it again and again. What were they doing when silver was $50 an oz? Shoring up their reserves most likely
Oh my, I knew there wasn't a simpler answer. Bastards.
  • #137,387
  • Edited 10:53am Oct 19, 2015 10:24am | Edited 10:53am
Quoting Mr Hatch
{quote} Oh my, I knew there wasn't a simpler answer. Bastards.
hush you!

Haven't opened the platform in a few days, planting the seeds for what hopes to be an international business over the next decade. Aren't enough hours in the day I tell you...

Instead of retiring a forex millionaire I've decided I'd rather work harder at a new business for less pay. Go figure right? Of course forex is still in the mix.
  • #137,388
  • Oct 19, 2015 10:58am Oct 19, 2015 10:58am
Quoting Pharm0r
{quote} hush you! Haven't opened the platform in a few days, planting the seeds for what hopes to be an international business over the next decade. Aren't enough hours in the day I tell you... Instead of retiring a forex millionaire I've decided I'd rather work harder at a new business for less pay. Go figure right? Of course forex is still in the mix.
Can I be a seed in your field...we'll grow faster together
send me the contract form
Get Rich or Die Tryin
  • #137,389
  • Oct 19, 2015 1:28pm Oct 19, 2015 1:28pm
Quoting hoom
{quote} Can I be a seed in your field...we'll grow faster together send me the contract form
Wanna move to va?

Start by learning this book

http://mutcd.fhwa.dot.gov/htm/2009r1r2/html_index.htm
  • #137,390
  • Oct 19, 2015 4:50pm Oct 19, 2015 4:50pm
Quoting The Fool
{quote} A slow grind up, no straight-line ascent, +20 pts a week or so, could be a battle around 2050-2070 lasting weeks. But Santa will not be denied.
Equities held again today ... all yours so far.

It will take a decisive break up the current highs to make accept defeat and make me forget that this rally smell fishy very fishy ...it still does ...lets see in the next few sessions...until then well done and enjoy the ride...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,391
  • Oct 19, 2015 5:38pm Oct 19, 2015 5:38pm
Quoting sisse
Equities held again today ... all yours so far.
Equities grinding, spoos managed to poke up one green hair by the close....but this week I am making money on VXX put options spreads - VXX, UVXY were down today (-7%, -14%) as the options market does not believe the bear case for equities. But, of course, anything can happen. My job as a trader is 1) above all, to not lose money and 2) to try to make money in any eventuality. Good luck to us all.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,392
  • Oct 20, 2015 3:05am Oct 20, 2015 3:05am
Soft opening in Europe with the same 1.135x in play in the Euro till ECB. As long as equities hold, simple session are expected. Failure to take 1.135x in the morning unlocks the never ending 1.127x until the mover and shakers later this week, else we may have a runner in play....

Not much to do here, same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,393
  • Oct 20, 2015 7:07am Oct 20, 2015 7:07am
Quoting Pharm0r
Instead of retiring a forex millionaire I've decided I'd rather work harder at a new business for less pay. Go figure right? Of course forex is still in the mix.


Nothing more to add.
  • #137,394
  • Oct 20, 2015 6:51pm Oct 20, 2015 6:51pm
Quoting Pharm0r
Well that was quicker than expected {image}
Wasn't following, but it's still there
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  • #137,395
  • Oct 20, 2015 7:46pm Oct 20, 2015 7:46pm
Quoting Pharm0r
{quote} Wasn't following, but it's still there {image}
the next higher one
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  • #137,396
  • Oct 21, 2015 2:36am Oct 21, 2015 2:36am
Tested the quarterly high on Fiber (along with equity support.) and now just waiting to see how those Euro equities will play. Winding up for some volatility and well positioned for a dovish ECB tomorrow but, without a catalyst, just hanging in the air now.

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  • #137,397
  • Oct 21, 2015 10:35am Oct 21, 2015 10:35am
EURUSD comatose session, as Sisse would put it nicely. I wonder what tomorrow will bring.
  • #137,398
  • Oct 21, 2015 11:42am Oct 21, 2015 11:42am
looking for the SnP to catch up with the Dow today, I can see a close @ 2040 or better if it does
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,399
  • Oct 21, 2015 12:29pm Oct 21, 2015 12:29pm
Can someone tell me the correlation between SP500 and Oil? i see as SP500 is dropping... oil is too. Is that coincidence?
  • #137,400
  • Oct 21, 2015 12:31pm Oct 21, 2015 12:31pm
Quoting roobii
Can someone tell me the correlation between SP500 and Oil? i see as SP500 is dropping... oil is too. Is that coincidence?
Lately, crude falling has been bad for SP500. Crude is the canary there.
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Edit: On the pic, Crude is the filled in larger candlesticks. SP500 the others.
defense wins championships
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