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The Really Useless Thread

  • #137,421
  • Oct 22, 2015 8:12am Oct 22, 2015 8:12am
Quoting sisse
First updates after the very juicy conference ... --> Changing short term outlook in European from Neutral to Buy --> Changing short term outlook in Oil from Neutral to Sell (that can become in strong sell if FED gives a hand next weekO) Euro, Gold and currencies pairs with Dollar no changes in outlook yet as FED is in play next week and Dollar has preference (at least until next meeting). sisse {quote} Today why? sisse
No, long term.
  • #137,422
  • Oct 22, 2015 8:22am Oct 22, 2015 8:22am
Quoting IMARICH1
sissie, I usually just read your posts, absorb and try and learn what you are saying as I always respect your outlook and comments. Due to this "game changer" would you reel in the micro levels to 1350 ceiling and 1180 as floor for a while or a deeper floor at this point? And, trying to find correlation with EU. Recently, ES (S&P Futures) was a gauge in recent days but thinking this ECU decision is going to change things? !
1.135x was the flip level for the news play ...either you played it before or play the flows with the break 1.127x as mentioned before the conference... so well done to all early bears as they are in superb position to squeeze the hell out of the range.

1.112x (/1.108x) is the bottom of the proper range and i don't see why raise the level before the FED rates and also without the pair even trading those levels yet.

On the correlations, to be honest we will have short term short-circuit as this are really big comments. Just the fact of potential more free money plus negative rates, plus scary inflation make a strong case for equities and euro jumping in opposite sides. However, don't forget we still have the dollar side in play next week ...

I wouldn't jump the gun just yet as we have strong contradictory FA forces clashing...basically thats why i am keeping my short term outlook in the euro in NEUTRAL until further data

sisse

Quoting Rockerzeus
{quote} No, long term.
I got nothing there. A M break below 1.108x unlocks 1.073x with intermediate stop 1.096x...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,423
  • Oct 22, 2015 8:32am Oct 22, 2015 8:32am
Quoting sisse
{quote} 1.135x was the flip level for the news play ...either you played it before or play the flows with the break 1.127x as mentioned before the conference... so well done to all early bears as they are in superb position to squeeze the hell out of the range. 1.112x (/1.108x) is the bottom of the proper range and i don't see why raise the level before the FED rates and also without the pair even trading those levels. On the correlations, to be honest we will have short term short-circuit as this are really big comments. Just the fact of potential...
Thanks,
Looks like I found something in between
  • #137,424
  • Oct 22, 2015 8:32am Oct 22, 2015 8:32am
sisse,

Thanks for you update. I was wanting to see this 1.1350 come into play once again before heading farther South. I was looking to the 1180 to hold for now but that may not be the case. Thanks for your response and input! Always like to read your analysis!
  • #137,425
  • Oct 22, 2015 8:35am Oct 22, 2015 8:35am
Quoting IMARICH1
sisse, Thanks for you update. I was wanting to see this 1.1350 come into play once again before heading farther South. I was looking to the 1180 to hold for now but that may not be the case. Thanks for your response and input! Always like to read your analysis!
Dont sweet it that much ...it was an unexpected uber bearish ECB ...The ones who caught it are in from way above ...not minions intraday news trading ...

Its gone now. Soft bulls stops were blown so not much you can do...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,426
  • Oct 22, 2015 9:07am Oct 22, 2015 9:07am
Quoting Mr Hatch
{quote} the next higher one {image}
we're close to 1131/32, starting to monitor.
  • #137,427
  • Oct 22, 2015 9:13am Oct 22, 2015 9:13am
Quoting Mr Hatch
{quote} we're close to 1131/32, starting to monitor.
Same, if not that then the missed 1.09xx I mentioned some time ago, I'll dig it up when we get closer.

Not expecting 113x to hold after the news nuke they dropped, but probably able to get BE before its taken
  • #137,428
  • Oct 22, 2015 9:47am Oct 22, 2015 9:47am
Quoting sisse
no changes in outlook yet as FED is in play next week and Dollar has preference (at least until next meeting).
nothing much heard in the fin press about the Oct FOMC - nobody thinks the Fed will do anything until Dec or probably even later....this sets up an opp for the surprise of a hard hawkish take on the Oct FOMC and sharp reversal of the last 2-3 weeks grinding uptrend in US equities. A dovish take of course keeps the Great Pumpkin/Santa rally on track for an attack on the Summer's ath's.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,429
  • Oct 22, 2015 10:20am Oct 22, 2015 10:20am
Quoting Pharm0r
{quote} Same, if not that then the missed 1.09xx I mentioned some time ago, I'll dig it up when we get closer. Not expecting 113x to hold after the news nuke they dropped, but probably able to get BE before its taken
I was concerned because of my LT-view of e/u when I saw the USDX-chart. I checked again and found out that I used a ficklish tool to measure. Here's the more proper one. I miss magnetic snaps to these tools, haven't found it or it's absent from the site. Don't know.

My impression was, we are below the 23.6-retracement, but we actually aren't
Attached Image (click to enlarge)
Click to Enlarge Name: USDX-M1-LT-FIB.PNG Size: 60 KB
  • #137,430
  • Oct 22, 2015 10:42am Oct 22, 2015 10:42am
Even a dead cat bounce ........
  • #137,431
  • Oct 22, 2015 10:48am Oct 22, 2015 10:48am
Quoting sisse
{quote} Dont sweet it that much ...it was an unexpected uber bearish ECB ...The ones who caught it are in from way above ...not minions intraday news trading ... Its gone now. Soft bulls stops were blown so not much you can do... sisse
i trade dax intraday and love news trading -> i´m a minion
fortis fortuna adiuvat
  • #137,432
  • Oct 22, 2015 11:16am Oct 22, 2015 11:16am
Quoting Mr Hatch
{quote} we're close to 1131/32, starting to monitor.
hey hatchy hope all green and sexy

have nothing below 1130's

but if taken next 11090's and 11080's
  • #137,433
  • Oct 22, 2015 11:19am Oct 22, 2015 11:19am
hi alll

make sure u are lubed well

sisse u still the king of FA

oh shitt still watching u buts no time had a surgery and working from bed
  • #137,434
  • Oct 22, 2015 11:20am Oct 22, 2015 11:20am
Quoting kill56
hi alll make sure u are lubed well sisse u still the king of FA
Hi Kill welcome back.
  • #137,435
  • Oct 22, 2015 11:23am Oct 22, 2015 11:23am
Quoting Rockerzeus
{quote} Hi Kill welcome back.
hey bro thanks any thing new
  • #137,436
  • Oct 22, 2015 11:24am Oct 22, 2015 11:24am
Quoting kill56
hi alll make sure u are lubed well sisse u still the king of FA oh shitt still watching u buts no time had a surgery and working from bed
Hey cuz, nice to see you around.
  • #137,437
  • Oct 22, 2015 11:26am Oct 22, 2015 11:26am
Quoting sisse
.--> On equities, 2020.xx is THE only level in play for the W roll and positioning for the FED move. For those positioned early for the swing from yesterday opening range (2033.xx) breakdown is 'sitting v tight time'. A push from the ECB to European Equites will carry the board until Frankfurt goes home...
Surely 2050 is of great importance for S&P? It's been a pretty significant S/R level for much of the year. I'm entering some major short positions here at 2048, would be good to get other opinions however
  • #137,438
  • Oct 22, 2015 11:38am Oct 22, 2015 11:38am
Quoting kill56
{quote} hey bro thanks any thing new
Same old story still watching charts Hope everything OK with your surgery. Get well soon.
  • #137,439
  • Oct 22, 2015 11:47am Oct 22, 2015 11:47am
Quoting Mr Hatch
{quote} we're close to 1131/32, starting to monitor.
Same here roundabouts. Picture starting to look really clear on the pair and DXY too. Draghi put down the hammer so now it's wait and see with real interest until the end of the month. Either an asymmetric play via a dovish FED (meaning sell the highs.) or carnage from both sides. Let's see how DAX, DXY and Fiber continue to play out.
  • #137,440
  • Oct 22, 2015 11:49am Oct 22, 2015 11:49am
Quoting MissPips
{quote} Hey cuz, nice to see you around.
hey cuz great info u had been posting hats off
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