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  • #138,441
  • Jan 8, 2016 7:38am Jan 8, 2016 7:38am
Looks like an OVERSHOOT for sure in NFP. PA testing my FLIP Zone and Holding (.0808)

We lost the .0860 handle for now but NY is not in play as of yet

I'm waiting to see if we lose the FLIP ZONE area for me.
  • #138,442
  • Jan 8, 2016 7:44am Jan 8, 2016 7:44am
Quoting IMARICH1
Looks like an OVERSHOOT for sure in NFP. PA testing my FLIP Zone and Holding (.0808) We lost the .0860 handle for now but NY is not in play as of yet I'm waiting to see if we lose the FLIP ZONE area for me.
An overshoot? it will be an understatement, a massive number ... nothing to see here. Risk fading for this week. Zigzag in play.... Opening range and we are ready to wrap up the week

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,443
  • Edited 8:04am Jan 8, 2016 7:50am | Edited 8:04am
sisse,

With that kind of "massive number"; then, why is EU holding the .0808 handle for now? Is it due to NY not coming to play yet? Do you think this will be a chop zone for next week with .0730 in play? Lost the .8060 handle for now............

sisse writes:

  1. [/quote]Any other scenario will trigger an uneventful news play for a zig zag play to test the highs for soft profit taking to 1.086x. Only losing 1.086x will open momentum to test the 1.07xx handle. sisse


OIL is around 33.42 at moment, GOLD at 1096 with possible good support at 1092. I will say that I don't see much movement in MARKET with such a BIG number and am wondering why. Could be minions are trading at this time without NY coming in.

Again my ignorance is being displayed.......

  • #138,444
  • Edited 1:26pm Jan 8, 2016 7:53am | Edited 1:26pm
IMARICH1,

The headline is good but wages aren't. That's going to take some steam out of any dollar rally.
  • #138,445
  • Jan 8, 2016 7:53am Jan 8, 2016 7:53am
Will be holding my EU buy hell or high water

Can't be shaken off this sort of level
  • #138,446
  • Jan 8, 2016 8:05am Jan 8, 2016 8:05am
Looks like this is going to happen now... I am shorting now!!!!!
Quoting sisse
When things seemed to be getting calm for the week, .Imminent break down!!! alerts triggered in OIL one more time before NFP.... This is looking rather scary, as usual like in the last 3 extension a tiny blow below the $33.xx handle will unlock A major extension with lots if air in between to $26.xx. Markets are aligning for a capitulation move in OIL... sisse
  • #138,447
  • Jan 8, 2016 8:17am Jan 8, 2016 8:17am
Quoting IMARICH1
sisse, With that kind of "massive number"; then, why is EU holding the .0808 handle for now? Is it due to NY not coming to play yet? Do you think this will be a chop zone for next week with .0730 in play? Lost the .8060 handle for now............OIL is around 33.42 at moment, GOLD at 1096 with possible good support at 1092. I will say that I don't see much movement in MARKET with such a BIG number and am wondering why. Could be minions are trading at this time without NY coming in. Again my ignorance is being displayed.......
Its uneventful cause the number is totally on track and are widely expected by the market. Now we are back to RTM mode instead of risk off we will see some profit taking from current level before the actual flow which is RMT back in to play next few weeks

Totally gonna bid CABLE at current level. 1.45x marked the start of last UK election which is nice
  • #138,448
  • Jan 8, 2016 8:18am Jan 8, 2016 8:18am
Quoting IMARICH1
sisse, With that kind of "massive number"; then, why is EU holding the .0808 handle for now? Is it due to NY not coming to play yet? Do you think this will be a chop zone for next week with .0730 in play? OIL is around 33.42 at moment, GOLD at 1096 with possible good support at 1092. I will say that I don't see much movement in MARKET with such a BIG number and am wondering why. Again my ignorance is being displayed.......
Neither Euro or dollar are in play mate that was the whole point in the last posts and all this week conversation about Risk and Panic in Global Markets.

--> We were/are in MAJOR areas in Equities and Oil. We are talking about areas that affect 99% of the world economy and finance not just a potential FX trade of a couple of handles . Thats why we have been obsessively talking here about those moves because they will have an impact on ALL markets, ALL investor and in the REAL economy, etc.

--> We had preemptive risk moves (Treasuries, GOLD and to lesser extend Dollar) this week betting on a MAJOR break down on OIL and Equities, the NFP overshoot will put the hand break on expectations thats it.

There is time euro factors or dollar factors or both are in the driver sit...not today. This time you need to see a bit beyond your euro/usd chart and let the KEY markets (Equities, TREASURIES, OIL and GOLD) digest and rebalance. These are MAJOR INVESTORS and MONEY flows going on this week worldwide. They cannot just switch like us from buy to sell or vice versa on a headline.... Let the opening range play out at least before dismissing the zigzag (which is the natural flow at least in my books).

I hope it helps...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,449
  • Jan 8, 2016 8:34am Jan 8, 2016 8:34am
Quoting sisse
{quote} Neither Euro or dollar are in play mate that was the whole point in the last posts and all this week conversation about Risk and Panic in Global Markets. --> We were/are in MAJOR areas in Equities and Oil. We are talking about areas that affect 99% of the world economy and finance not just a potential FX trade of a couple of handles . Thats why we have been obsessively talking here about those moves because they will have an impact on ALL markets, ALL investor and in the REAL economy, etc. --> We had preemptive risk moves (Treasuries,...
What a boring day ... As you mentioned big players don't switch from buy to sell on headline ... Sorry I m asking an hopeless question what might be the lot size of big players .... Still holding short and waiting for good opportunity to re-nter ...
Re-Incarnated
  • #138,450
  • Jan 8, 2016 8:37am Jan 8, 2016 8:37am
Quoting primejarvis
{quote} What a boring day ... As you mentioned big players don't switch from buy to sell on headline ... Sorry I m asking an hopeless question what might be the lot size of big players .... Still holding short and waiting for good opportunity to re-nter ...
one of my friends made 100 lots gold one time
Get 90% Rebates Back, No Mark UP--->Check PIPREBATES--.--com
  • #138,451
  • Jan 8, 2016 8:39am Jan 8, 2016 8:39am
Quoting Pip-Tony
{quote} one of my friends made 100 lots gold one time
But the main question is still open till how much time .... 100 lot As like big players do I.e., for months or years ....
Re-Incarnated
  • #138,452
  • Jan 8, 2016 8:42am Jan 8, 2016 8:42am
I gotta admit that even the revision of the NFP was pretty impresive!

Hand breaks may be here now! Wonder if they hold because OIL/eqities still both look like there is sooooo little before the floor melts.
  • #138,453
  • Jan 8, 2016 8:44am Jan 8, 2016 8:44am
Quoting primejarvis
{quote} But the main question is still open till how much time .... 100 lot As like big players do I.e., for months or years ....
I mean for one order, he made 100 lots, I did not know how much lots he made monthly, that could be a big figure I think
Get 90% Rebates Back, No Mark UP--->Check PIPREBATES--.--com
  • #138,454
  • Jan 8, 2016 8:44am Jan 8, 2016 8:44am
Quoting chester123
I gotta admit that even the revision of the NFP was pretty impresive! Hand breaks may be here now! Wonder if they hold because OIL/eqities still both look like there is sooooo little before the floor melts.
Technically oil minimum 24/Barrel for me...
Re-Incarnated
  • #138,455
  • Jan 8, 2016 9:08am Jan 8, 2016 9:08am
and watch your hats
  • #138,456
  • Jan 8, 2016 9:12am Jan 8, 2016 9:12am
Just a random wondering....

I wonder if buying NGAS and holding for the next 50 years would be worth it
  • #138,457
  • Jan 8, 2016 9:12am Jan 8, 2016 9:12am
Are you short oil too?
Quoting chester123
and watch your hats
  • #138,458
  • Jan 8, 2016 9:17am Jan 8, 2016 9:17am
Quoting Xxavier
Are you short oil too? {quote}
yes, small short from like 35,xx approx. not intraday. nothing big. I usually get burnt by oil. more loaded in equities so hope we get the final cut. even though the odd are lower after NFP. but judging as per right now - absolutely possible.
  • #138,459
  • Jan 8, 2016 9:24am Jan 8, 2016 9:24am
Quoting sisse
When things seemed to be getting calm for the week, .Imminent break down!!! alerts triggered in OIL one more time before NFP.... This is looking rather scary, as usual like in the last 3 extension a tiny blow below the $33.xx handle will unlock A major extension with lots if air in between to $26.xx. Markets are aligning for a capitulation move in OIL... sisse

I had thought that a big NFP number would ultimately deflate the bull case for risk assets - the old good news is bad news meme, because the strength signs in the US economy will mean the Fed continues apace with the rate hike schedule.........now I see US equities falling, but that is oil swinging the stick also......$32.1 as a line in the sand for wti could be a thin line.....with storage volumes at record highs, refineries doing seasonal maintenance, no production cuts, seasonal demand low.....if there is going to be another leg down for oil in it's search for a bottom, timing looks good for that to happen now.

http://www.upi.com/Business_News/Ene...9211451991945/

"At 487.4 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years," EIA said in a weekly petroleum status report.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,460
  • Edited 9:49am Jan 8, 2016 9:27am | Edited 9:49am
Quoting Pharm0r
Just a random wondering.... I wonder if buying NGAS and holding for the next 50 years would be worth it
natgas glut looks to have lots of room to run, there are easier commodity trades.....50 years is a long time, new energy storage technologies will likely make hydrocarbons obsolete as an energy source

...if you want to do a buy 'n hold trade, the opportunity is coming in pure oil (USO) or oil-related names - if you have $10,000 to invest, buy USO when wti bottoms (sisse will tell you when the bottom is in ) - because that bottom won't last.....1,000 shares of USO bought at $9 or lower could be worth $50k within 1-2 years and maybe much more than that as the global supply/demand game continues to change
"If The Fool persists in his Folly he will become wise." - William Blake
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