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The Really Useless Thread

  • #137,561
  • Nov 3, 2015 8:50am Nov 3, 2015 8:50am
Quoting Xxavier
{quote} Thank you, may be i didn't understand this "the roll was bearish". Can you expand please? What do you mean by roll?
lol sorry, i got used to using that phrase since i started reading Sisse posts ) it just means the close. Monthly close
  • #137,562
  • Nov 3, 2015 9:05am Nov 3, 2015 9:05am
Quoting TuTang
{quote} lol sorry, i got used to using that phrase since i started reading Sisse posts ) it just means the close. Monthly close
Roll and Close are not the same thing ... for exemple , daily roll happens when NY closes but daily close depends on the broker used time zone as for most the close occurs at 12AM GMT...you can check on google for further information
Get Rich or Die Tryin
  • #137,563
  • Nov 3, 2015 9:17am Nov 3, 2015 9:17am
I am not sure about roll and close, I do understand rolling a position over and it cost money to do this normally as a percentage of the exposure you have.
My question is about Sisse's comment on bearish Monthly close of gold, for me it is a neutral close not so bearish or bullish. Weekly is bearish. Just want to know how he came to the Monthly close conclusion.
Quoting hoom
{quote} Roll and Close are not the same thing ... for exemple , daily roll happens when NY closes but daily close depends on the broker used time zone as for most the close occurs at 12AM GMT...you can check on google for further information
  • #137,564
  • Nov 3, 2015 11:40am Nov 3, 2015 11:40am
Quoting Likerty
{quote} I have 1125/20 as a decision area (for LL or HH on W) for gold and now it seems like it will bounce towards 1150's first and/or 1170's then dive again to test 1125 and then it will be seen what is to happen next. U/J shows intentions for 123.20/60 where bears play for a proper correction..
Strange developments today.. Both Gold and U/J managed to reach important decision areas simultaneously.. Correlated reversal here will last far..
69
  • #137,565
  • Nov 3, 2015 12:16pm Nov 3, 2015 12:16pm
Quoting Likerty
{quote} Strange developments today.. Both Gold and U/J managed to reach important decision areas simultaneously.. Correlated reversal here will last far..
Hi Likerty!
I'm not into Gold much, but buying under 1120 looks good deal to me. The lower, the better as usual.
I have buying signals on nearly every time frames.
(Important: the signal system is fine tuned to EurUsd, so it might not works with 'Au'...time will tell...as usual).
f(z)=z2+c
  • #137,566
  • Nov 3, 2015 12:20pm Nov 3, 2015 12:20pm
Quoting hathor
{quote} Under 1.1 can be good place to buy, here is why: Monthly - still buy signal since March Weekly - buy signal since last week Daily - buy signal since 30th of Oct Why not now: H4 - sell signal Tomorrow - Red Draghi & Yellen Speech I'll rather scalp this week, won't hold trades. [only if they become green in a sudden move and I can set comfortable SL into positive (relative to the entry level) territory]
Technically:

Monthly - still buy signal since March
Weekly - buy signal since last week
Daily - buy signal since 30th of Oct
H4 - buy signal today

Everything is prepared to a decent up move, but events such as Draghi/Yellen speech can kick every system in the ass, so just careful.
f(z)=z2+c
  • #137,567
  • Nov 3, 2015 1:03pm Nov 3, 2015 1:03pm
Quoting hathor
{quote} Technically: Monthly - still buy signal since March Weekly - buy signal since last week Daily - buy signal since 30th of Oct H4 - buy signal today Everything is prepared to a decent up move, but events such as Draghi/Yellen speech can kick every system in the ass, so just careful.
Looks like unfinished business for EU to head south & retest those lows before any return back up. May just retest, or may set new lows, I don't know, but plenty of targets are appearing down there across many timeframes, i.e. pretty much everyone should see one in the 1.087x area +/-.

Now with Draghi arguing his case as to WHY ECB should expand easing with today's speech, I wouldn't be a buyer here right now.
defense wins championships
  • #137,568
  • Nov 3, 2015 1:08pm Nov 3, 2015 1:08pm
Quoting Xxavier
I am not sure about roll and close, I do understand rolling a position over and it cost money to do this normally as a percentage of the exposure you have. My question is about Sisse's comment on bearish Monthly close of gold, for me it is a neutral close not so bearish or bullish. Weekly is bearish. Just want to know how he came to the Monthly close conclusion. {quote}
why don't you tell us first why neutral? What's your reason so I can understand where are you coming from
Quoting hathor
{quote} Technically: Monthly - still buy signal since March Weekly - buy signal since last week Daily - buy signal since 30th of Oct H4 - buy signal today Everything is prepared to a decent up move, but events such as Draghi/Yellen speech can kick every system in the ass, so just careful.
Disagree with your comment on Monthly and weekly. WE haven't have a long signal in monthly this year.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #137,569
  • Nov 3, 2015 1:13pm Nov 3, 2015 1:13pm
Sorry if this isnt the place. But I want to know the fundamental o thecnical for the bitcoin huge uptrend.
Regards
  • #137,570
  • Nov 3, 2015 1:33pm Nov 3, 2015 1:33pm
Quoting sisse
{quote} why don't you tell us first why neutral? What's your reason so I can understand where are you coming from {quote} Disagree with your comment on Monthly and weekly. WE haven't have a long signal in monthly this year.
Hi Sisse , could please see these posts from this guy made some research the Idea is ''hike --> spike --.... --> then dolar bear''

would please share your thoughts
links :

http://www.forexfactory.com/showthre...09#post8564609
http://www.forexfactory.com/showthre...90#post8564590
  • #137,571
  • Nov 3, 2015 1:57pm Nov 3, 2015 1:57pm
Good question Sisse. Actually I do not know exactly how to explain this.. I trade patterns. I look at the monthly patten and it does not look like Bearish. The last monthly candle was a green one too but its not the best bullish patterns hence i am neutral (also lower time frames are bearish). Can you now see where I am coming from?

Quoting sisse
{quote} why don't you tell us first why neutral? What's your reason so I can understand where are you coming from {quote} Disagree with your comment on Monthly and weekly. WE haven't have a long signal in monthly this year.
  • #137,572
  • Nov 3, 2015 2:01pm Nov 3, 2015 2:01pm
Gold and Oil.

Sheesh
  • #137,573
  • Nov 3, 2015 9:35pm Nov 3, 2015 9:35pm
Quoting dasilva
{quote} Could you elaborate on what set circumstances result in $2100+ being unsustainable? Thanks.
This may shed some light (if you like article speculation):
http://www.marketwatch.com/story/doe...dist=afterbell

The bulls will be in control at least until the next fomc meeting.
S&P could just keep creeping up at least until 2130 (historical high).

As such, 'unsustainable' (without context) doesn't really mean anything because the s&p rally is currently being sustained/supported, and like every other index, it will fall when something significant spooks the market sentiment.

Potential spooks:
- bad cluster of end-of-year stock earning reports
- Yellen comments / FOMC / hike
- historical high nerves / selloff

Take you pick.
  • #137,574
  • Nov 3, 2015 9:55pm Nov 3, 2015 9:55pm
Quoting ashff
Potential spooks: - bad cluster of end-of-year stock earning reports - Yellen comments / FOMC / hike - historical high nerves / selloff Take you pick.
12 posts in 10 years & he has almost as many in the igg bin as moi.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,575
  • Nov 3, 2015 10:15pm Nov 3, 2015 10:15pm
Quoting The Fool
{quote} 12 posts in 10 years & he has almost as many in the igg bin as moi.
Looks like we are both on it.

Congratulations!
The world you desire can be won. It exists.. it is real.. it is possible..
  • #137,576
  • Nov 4, 2015 12:36am Nov 4, 2015 12:36am
Quoting 21vs7
{quote} ..last flow seen in gold it moved into strength comparing to all major currencies..i am only trying to follow the flow. Concerning the outcome of this hike wont mean gold in general will be on a sell, even thou USA interest rate is one of the important ones. Im pretty sure we gonna have immediate impact on gold when world comes back to normalizing the rates, but at this point we are far from it. With BOJ, Sweden, Russia on hold and other Emerging in the dovish mode seems FED also pressured as said in 2q of 2015. Now looking closer thou.
..as a possible start of hikes by FED we could get into some risk off environment. Remember that FED is back after 10y of easing..a big change on a global scale and with equities on a front row plus low global growth and geopolitical risks increasing plus inevitable high volatility we could see even xjpy very very strong play on a short side. Talking about UJ shorts. Fading potential spike up when seen JPYx strenght.

Considering the Gold as I talked about few days back..it is seen that Gold is on a buy side as said, and as seen in the picture: change in last 5days in percentage. Will this continue? Is always a question, but atm i try to be bullish XAUx.

One of my interest is also CHFJPY short, or buying CHF puts mature in feb16 strikes 110/105 low delta.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 16 KB
  • #137,577
  • Nov 4, 2015 2:11am Nov 4, 2015 2:11am
Quoting 21vs7
..as a possible start of hikes by FED we could get into some risk off environment.
aw hell yeahz holmes, JY gonna bring it, out for bull blood yo, gonna be epic.....well....wake me up when it goin down
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,578
  • Nov 4, 2015 2:53am Nov 4, 2015 2:53am
Quoting The Fool
{quote} 12 posts in 10 years & he has almost as many in the igg bin as moi.
Is there a problem with that?
  • #137,579
  • Nov 4, 2015 2:57am Nov 4, 2015 2:57am
Quoting ashff
Is there a problem with that?

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #137,580
  • Nov 4, 2015 3:00am Nov 4, 2015 3:00am
Quoting Xxavier
Good question Sisse. Actually I do not know exactly how to explain this.. I trade patterns. I look at the monthly patten and it does not look like Bearish. The last monthly candle was a green one too but its not the best bullish patterns hence i am neutral (also lower time frames are bearish). Can you now see where I am coming from? {quote}
Well if you don't know how to explain it to yourself ...... imagine how hard it will for the rest of us to understand ...

For what it seems you are not trading the monthly chart you are just looking/trading single candles / 2 or 3 candlestick patterns which a completely different range and scope. When i refer to a monthly/weekly or whatever I am referring to the proper swing/wave/or whatever you want to call it range not a single bar...

Quoting edyraper
{quote} Hi Sisse , could please see these posts from this guy made some research the Idea is ''hike --> spike --.... --> then dolar bear'' would please share your thoughts links : http://www.forexfactory.com/showthre...09#post8564609 http://www.forexfactory.com/showthre...90#post8564590
In a nutshell: misleading, useless and out of context. Without ever discussing with the OP I am not sure if he/she have a clear grasp on Fundamentals.

Invite him/her to pop by and open an interesting discussion here. Maybe he/she got a point but not based on those two links you posted.

Quoting The Fool
{quote} 12 posts in 10 years & he has almost as many in the ing bin as moi.
The difference is in the quality of back posts.... the majority are fortune tellers, commercial cheerleaders & reincarnation with endless multiple usernames, trolls, spammers, etc

---- ---- ---- -------- ---- ---- -------- ---- ---- -------- ---- ---- -------- ---- ---- ----

Strong opening range to kick start the week in the Euro. Quick European session expected after the round of news and all ready for the US that is in full control this week for NFP.

One more time the usual choose your poison time with ADP for the NFP play. Here actively looking for positions in the euro with same levels and same plays on sight.

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