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The Really Useless Thread

  • #138,481
  • Jan 8, 2016 11:42am Jan 8, 2016 11:42am
Lets see if we get a runner after this dip.
f(z)=z2+c
  • #138,482
  • Jan 8, 2016 12:09pm Jan 8, 2016 12:09pm
Quoting hathor
Lets see if we get a runner after this dip.
We have set the pending low of day in OIL too so yeah now we can complete the move hopefully today. A test of the 1.10xxx handle is naked for today but a roll above 1.093x will be more than enough to kill the leg rather quickly next week...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,483
  • Jan 8, 2016 12:19pm Jan 8, 2016 12:19pm
Quoting sisse
{quote} We have set the pending low of day in OIL too so yeah now we can complete the move hopefully today. A test of the 1.10xxx handle is naked for today but a roll above 1.093x will be more than enough to kill the leg rather quickly next week... sisse
I have marked 1.09500 & 1.09700 previously on the way down from 1.10xxx on my phones trading station...but to be honest, can't remember it's purpose.
But right now the space between them looks great target.
f(z)=z2+c
  • #138,484
  • Edited 1:35pm Jan 8, 2016 12:22pm | Edited 1:35pm
You mean the LEG down sisse?

I would see a ROLL to .0930 still closing under the infamous .097X as still part of the MID TERM LEG down. Perhaps, I am misunderstanding. My MAP is to SHORT at .097X and .1086 for the MID TERM LEG down as Markets settle in and the hand brake is on regarding expectations for FED/HIKES with good non-farm numbers again. Of course, Manufacturing is key in all of this as well.

I was planning on playing this to .094X and closing with possible test to close .086X. for the ROLL. SOunds like this is the wrong take now as this was part of the ZIG-ZAG I interpreted.
  • #138,485
  • Jan 8, 2016 1:01pm Jan 8, 2016 1:01pm
Quoting IMARICH1
You me the LEG down sisse? I would see a ROLL to .0930 still closing under the infamous .097X as still part of the MID TERM LEG down. Perhaps, I am misunderstanding. My MAP is to SHORT at .097X and .1086 for the MID TERM LEG down as Markets settle in and the hand brake is on regarding expectations for FED/HIKES with good non-farm numbers again. Of course, Manufacturing is key in all of this as well..
Don't doubt yourself ...IMO this is the first very clear map you have posted since we started chatting about mapping a trade last month.

For what its worth, 2 thumbs up as I think you are finally getting in synch with the market. I honestly believe you will get paid by the market accordingly plus I share 110% that view ....

Now for the last line:

Quoting IMARICH1
....Sounds like this is the wrong take now as this was part of the ZIG-ZAG I interpreted.
Again you are confusing a simple news play flow with your mid term swing. The ZIGZAG play was posted today for the flows and it would last no more than a few sessions. It has absolutely 0 zero none implications for your trade or the mid term leg.

The swing you are planing have absolutely nothing to do with the current news flow. If you didn't trade NFP (or like a couple of others here in the thread from the 1.073x handle) just forget it, there is nothing to see here. Close your charts and go grab a beer !!!!....

Sure you need to track 1.094x/7x and 1.108x because you want to (re)load as you clearly pointing in your map. Set an alarm alert at your levels and don't peak at smaller TFs...you will have MORE THAN enough time to choose your poison once markets enter in your trading area....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,486
  • Jan 8, 2016 1:05pm Jan 8, 2016 1:05pm
Quoting Pharm0r
Haha....... If you've ever used the postal service, what a horrible business......but speaking of service provided to the customer, they are a nightmare. FedEx or UPS much better, case of private companies doing a much better job than government.
(Ben Franklin asked me to tell you): FedEx or UPS won't send a letter to your Grandma for 49c......oh man if you want to see atrocious postal service go to Mexico or probably almost any other country, putting a letter in the box there is almost like throwing it away....God Bless the United States Postal Service!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,487
  • Jan 8, 2016 1:12pm Jan 8, 2016 1:12pm
Quoting The Fool
{quote} (Ben Franklin asked me to tell you): FedEx or UPS won't send a letter to your Grandma for 49c......oh man if you want to see atrocious postal service go to Mexico or probably almost any other country, putting a letter in the box there is almost like throwing it away....God Bless the United States Postal Service!
True, I'm spoiled I suppose.

Better hope a letter is the only thing you are sending, or it aint gettin there.

In America I don't have to worry about water, and I can complain about the postal service. For that I'm lucky
  • #138,488
  • Jan 8, 2016 1:24pm Jan 8, 2016 1:24pm
Quoting ws121
{quote} Very true and thanks for the advice ... However, considering the difference in understanding FA between me and you guys, especially sisse, I couldn't ignore his outlooks and overviews
Clear...I see what you mean. Better luck next time!
f(z)=z2+c
  • #138,489
  • Jan 8, 2016 1:24pm Jan 8, 2016 1:24pm
Quoting sisse
{quote} I agree. I personally think we crossed the line already. A couple of more solid employment numbers with inflation in line (as its expected) and we are going to set the low of the year (actually a major multi year low) by/before FED March. The rest of the year we'll get stuck in chop zone until US elections is cleared ... We are going to test under 1800.xx one way (risk) or the other (normalisation) the only thing it will change is the pace the current mid term leg will pan out. For today after the superb report we are back to imminent break...

what level is the floor in equities?
  • #138,490
  • Jan 8, 2016 1:30pm Jan 8, 2016 1:30pm
W, on the USO long-dated calls, sure you can buy Jan '17 $15 calls for about 50c (that means, 50c per share or $50 per contract that covers 100 shares.) So a $5k gamble that wti will go up to $45 (very roughly speaking) by Jan 20, 2017 would buy you 100 calls, with which you control 10,000 shares - and your $5k investment would run to $60k if wti did just that, or more of course if it were to go higher.....

There are things you can do with options if you also hold the shares that make holding shares a good thing, also - but the main advantage to holding shares is time: you don't have to sweat the expiry of your USO shares
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,491
  • Jan 8, 2016 1:37pm Jan 8, 2016 1:37pm
Quoting monkey@forex
{quote} what level is the floor in equities?
For today news 1928.x, for the current short term swing 1911.xx, for the final target with normalisation +/-1790.xx

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,492
  • Jan 8, 2016 2:09pm Jan 8, 2016 2:09pm
Thanks sisse. I am amazed I received a compliment. Not because you are not kind but because I feel ignorant and naked at times on this thread. But, it is nice to see I am progressing. Thanks for your help!

I will finally change my profile picture that has been on here for many years to a RED HUMMING BIRD. I am flying for once, and, though my ways are unorthodox a times like the hummer flys, I am still going forward!

I should have separated the 2 points of view or trades. I was talking in the last sentence about the NEWS trade. I did not know if that would carry us to the end of the NY session to .0940. I took small LONG at my FLIP area off the news when it didn't close below my FLIP area (.0808). It does have alot of SUPPORT or RESISTANCE and PRICE goes to it alot. Just a level I found on MONTHLY. I am looking to close this LONG soon. I was holding out for the .0940 area but not sure it has enough ummp left to get there. It was not for my MID TERM LEG.

Have a great weekend; and, if you insist on a beer, than I must listen to my mentor!
  • #138,493
  • Jan 8, 2016 2:59pm Jan 8, 2016 2:59pm
Quoting sisse
{quote} For today news 1928.x, for the current short term swing 1911.xx, for the final target with normalisation +/-1790.xx sisse
We reached 1911 today.................
  • #138,494
  • Jan 8, 2016 3:01pm Jan 8, 2016 3:01pm
Quoting sisse
{quote} For today news 1928.x, for the current short term swing 1911.xx, for the final target with normalisation +/-1790.xx sisse
Looks like they decided to finish this "risk" leg tonight great posts sisse
  • #138,495
  • Jan 8, 2016 3:15pm Jan 8, 2016 3:15pm
...and I will take that ...Clearing final short term swing in equites on the test 1917xx. In strictly technically sense there are a couple of points left to 1911.x but given the circumstances 'don't be a dick for a tick rule apply' and its worthless to hold over the weekend.

Euro still with crumbs left ... but there is a extra 45 mins left in currencies ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,496
  • Jan 8, 2016 3:23pm Jan 8, 2016 3:23pm
Quoting The Fool
W, on the USO long-dated calls, sure you can buy Jan '17 $15 calls for about 50c (that means, 50c per share or $50 per contract that covers 100 shares.) So a $5k gamble that wti will go up to $45 (very roughly speaking) by Jan 20, 2017 would buy you 100 calls, with which you control 10,000 shares - and your $5k investment would run to $60k if wti did just that, or more of course if it were to go higher..... There are things you can do with options if you also hold the shares that make holding shares a good thing, also - but the main advantage...
Just waiting for a bottom Ke-mo sah-bee

Perhaps I'll win the powerball tomorrow, 496MM cash option.....I just might be able to squeek by a decent retirement off that

If it goes unwon- the next will be a billion dollar power ball. I shudder to think of some of the people that could possibly win that amount of money.
  • #138,497
  • Jan 8, 2016 3:33pm Jan 8, 2016 3:33pm
Quoting sisse
...and I will take that ...Clearing final short term swing in equites on the test 1917xx. In strictly technically sense there are a couple of points left to 1911.x but given the circumstances 'don't be a dick for a tick rule apply' and its worthless to hold over the weekend. Euro still with crumbs left ... but there is a extra 45 mins left in currencies ... sisse
lol, i put it on trailing stop the last two hours, because I was away... never hit... ah well, it was a nice ride from 2019.xx! have a good one!
  • #138,498
  • Jan 8, 2016 3:53pm Jan 8, 2016 3:53pm
Quoting Pharm0r
I shudder to think of some of the people that could possibly win that amount of money.
yep I could finally get new mud flaps for the doublewide
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,499
  • Jan 8, 2016 3:54pm Jan 8, 2016 3:54pm
....and I will take. Clearing Euro 1st target a dozen ticks away from main target in the news play and leaving the extension over the weekend for the just in case txt 1.108x early next week.

A rather bearish weekly close and we are pretty much set to mark the high of the month next week...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,500
  • Jan 8, 2016 5:37pm Jan 8, 2016 5:37pm
Quoting sisse
....and I will take. Clearing Euro 1st target a dozen ticks away from main target in the news play and leaving the extension over the weekend for the just in case txt 1.108x early next week. A rather bearish weekly close and we are pretty much set to mark the high of the month next week... sisse
Would you mind going into a bit more detail on your thoughts of this?

Looks like buying to me
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