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The Really Useless Thread

  • #138,361
  • Jan 6, 2016 10:22am Jan 6, 2016 10:22am
...and that was pretty much it till the Minutes. US equities barely held the opening range and keep extending the lows. Equities losing floor tonight (ref: S&P 1987.xx) will open's pandoras box for the NFP play....

Not much to see after Europe goes home until the Minutes....


Quoting IMARICH1
.... My FLIP area is in the .0808 ...
So trade and map accordingly to fade short that level with whatever tools you use...

Euro is moving as collateral but the Minutes will put dollar back on the lead in the very very short term. The map is clear intraday for the news plays . We are aligning to trap some softs hands before NFP ....

In any case, the low of the week is not SET YET in my books and thats the one in play for this evening. From a strictly very short term TA without taking in consideration the FOMC minutes we are set for a clean sweep intraday/daily...We'll chat later with the news...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,362
  • Jan 6, 2016 10:48am Jan 6, 2016 10:48am
Quoting sisse
...and that was pretty much it till the Minutes. US equities barely held the opening range and keep extending the lows. Equities losing floor tonight (ref: S&P 1987.xx) will open's pandoras box for the NFP play.... Not much to see after Europe goes home until the Minutes.... {quote} So trade and map accordingly to fade short that level with whatever tools you use... Euro is moving as collateral but the Minutes will put dollar back on the lead in the very very short term. The map is clear intraday for the news plays . We...
soft hands who picked bottom !!
there are still trapped shorts since ECB under 0700 handle ...
Get Rich or Die Tryin
  • #138,363
  • Jan 6, 2016 12:27pm Jan 6, 2016 12:27pm
Poor oil, its getting nasty Just time to throw in the hawkish FOMC minutes and the last bull of SP500 is gonna be slained so nice to track all this these days :nerd:
  • #138,364
  • Jan 6, 2016 12:49pm Jan 6, 2016 12:49pm
SCARY...all eyes in the Minutes but if equities lose foot...oil is literally on je edge of a huge cliff....
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,365
  • Jan 6, 2016 12:58pm Jan 6, 2016 12:58pm
Quoting sisse
SCARY...all eyes in the Minutes but if equities lose foot...oil is literally on je edge of a huge cliff....
yeah, I think that gold pretty much sums up the seriousness of the situation (i.e. levels of SP and oil)
  • #138,366
  • Jan 6, 2016 1:08pm Jan 6, 2016 1:08pm
Nothing new/ slightly hawkish via inflation....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,367
  • Jan 6, 2016 1:27pm Jan 6, 2016 1:27pm
Quoting hathor
Bought 1.085xx EU. Big time frames still not aligning, M and W are buy, but Daily is still sell. So more down before up is in the cards for me. Good luck all.
Quoting hathor
{quote} Price dropped under 0.0 orange fib. New low should attract more bears, which should bring the mighty daily buy signal. Time will tell.
Well, if market conditions does not change in the remaining ~ 2 and half hours, than the system might give a Daily buy signal.
But to achieve that, market should stall or go lower from current level (1.07xx) in the remaining time. Lets see.
f(z)=z2+c
  • #138,368
  • Jan 6, 2016 4:04pm Jan 6, 2016 4:04pm
As widely expected an uneventful Minutes.

More importantly US equities and Oil held one more time. The.floor looks very feeble and a soft blow from NFP will trigger a panic leg across the board.

On he euro, pretty much a dull day and moving as collateral of the board. We couldn't set the low of the week and soft hands look like sitting ducks for NFP.

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

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,369
  • Jan 6, 2016 4:21pm Jan 6, 2016 4:21pm
Quoting sisse
More importantly US equities and Oil held one more time. The.floor looks very feeble and a soft blow from NFP will trigger a panic leg across the board.
blowout ADP points the way for same in the NFP? Blowout NFP points the way for the next little hike in March? No January?! No way!! No bounce for oil and a blowout NFP? Throw me another bonfire in the Chinese markets, a bomb going off somewhere, maybe the bears can grow some real legs....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,370
  • Jan 6, 2016 4:45pm Jan 6, 2016 4:45pm
Quoting The Fool
{quote} blowout ADP points the way for same in the NFP? Blowout NFP points the way for the next little hike in March? No January?! No way!! No bounce for oil and a blowout NFP? Throw me another bonfire in the Chinese markets, a bomb going off somewhere, maybe the bears can grow some real legs....
Things are getting too clear now that even the main stream media is catching up so the average Joe and the ever sluggish investors used to just buy and hold on a hunch without thinking are going to start noticing ...I prefer a blow fast, quick and efficient before the masses jump on the bandwagon and cry wolf and make volatility vanish ....

In any case, NFP is aligning in a very particular way for a rather unidirectional move. If we overshoot decently, hikes expectations in play again, if we flop slowing down and selloff in equities has more fundamental reasons ....

We'll see but we haven't been in a short term environment like this in equites in a few years with the extra added cherry on top of risk entering in the stage ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,371
  • Jan 6, 2016 6:30pm Jan 6, 2016 6:30pm
setting up an imminent sharp pullback on gold ? 1138/1141
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  • #138,372
  • Jan 6, 2016 8:09pm Jan 6, 2016 8:09pm
And it begins! China... Oil... Equities... Looks like we are about to have a fast and furious panic leg down. Wow what a start to the year!
  • #138,373
  • Jan 6, 2016 9:01pm Jan 6, 2016 9:01pm
When sisse says "soft hands look like sitting ducks for the NFP" is he referring to those LONG? And EU trading as collateral across the board means it is gaining a little strength due to equites unraveling along w oil and China issues? I've noticed we didn't make a lower low for the week and Price is now at my FLIP zone at .0814. May stay sidelined for now. Thanks.
  • #138,374
  • Jan 6, 2016 9:08pm Jan 6, 2016 9:08pm
Quoting diggo
And it begins! China... Oil... Equities... Looks like we are about to have a fast and furious panic leg down. Wow what a start to the year!
/CL at this moment printing $33.22 & is a copper or two away from the Jan 2009 low...../ES down another 22 pts .....and yet I am still.....still... fml still waiting for a decent ^VIX spike. What? The? Fuck?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,375
  • Jan 6, 2016 9:34pm Jan 6, 2016 9:34pm
red china
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,376
  • Jan 7, 2016 12:17am Jan 7, 2016 12:17am
oh the humanity

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,377
  • Jan 7, 2016 12:26am Jan 7, 2016 12:26am
Quoting gatorinla
{quote} china -7% atm today and trading halt stopped it.. will china use usd reserves again? will eu based margin calls pump eu, with eu funded trades? yen gaining atm
http://www.forexfactory.com/showthre...85#post8675685
those who can, do. those who cant, talk about those who can
  • #138,378
  • Jan 7, 2016 12:30am Jan 7, 2016 12:30am
Quoting gatorinla
{quote} china collapse? uj 2500/5000 drop? unlikely, but Brent 14 handle?
wow,, who would've thunk?
those who can, do. those who cant, talk about those who can
  • #138,379
  • Jan 7, 2016 1:25am Jan 7, 2016 1:25am
good morning guys. what a mess. as sisse mentioned earlier - there may be moves worth remembering very soon and this may be the day!!
  • #138,380
  • Edited 1:53am Jan 7, 2016 1:27am | Edited 1:53am
Quoting hathor
{quote} {quote} Well, if market conditions does not change in the remaining ~ 2 and half hours, than the system might give a Daily buy signal. But to achieve that, market should stall or go lower from current level (1.07xx) in the remaining time. Lets see.
Yesterday's close brought the Daily buy signal, so overall:

Monthly - Buy at 1.07314 [March.2015]
Weekly - Buy at 1.05919 [Nov.22.2015]
Daily - Buy at 1.07797 [Jan.06.2015]
H4, H1 - Sell -> waiting for buy signal

(interesting fact: Daily candle couldn't close under Monthly signal's level)

Careful, it's not always means it will go up in straight line. A new low is also possible, but it has it advantages: The lower I can buy, the better.
The plan is the usual: from now on I change to smaller time frames and I will buy every dip.

Good luck all, whatever your strategy is!

Quoting ExForX
{quote} Don't you think medium term fundamentals are with the EU bears (specifically US$ strength)?
Hi ExForX!

Don't know...I've quit from predicting fundamentals long time ago.
I act according to my method, it's shows buying time and I need to respect that, or I will be just a raft in the surging ocean.
Good luck!
f(z)=z2+c
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