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The Really Useless Thread

  • #138,741
  • Jan 20, 2016 9:40am Jan 20, 2016 9:40am
Quoting sisse
...missed inflation, flop from the BOC and US opening range completed triggering imminent break down alerts in US equites. A break unlock final target 1789.xx in ES and Euro 1.108x as collateral ... OIL stable but inventories coming on the top of the hour ....even more action expected for today!!! sisse
Oil inventories has been moved to tomorrow
  • #138,742
  • Jan 20, 2016 9:50am Jan 20, 2016 9:50am
Quoting diggo
{quote} Oil inventories has been moved to tomorrow
Yes its edited already ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,743
  • Edited 10:09am Jan 20, 2016 9:51am | Edited 10:09am
Quoting sisse
A break unlock final target 1789.xx in ES
Can we dare to dream of 15xx of 2000/2007?

Your target @ 1789 is based on the 23.6% Fib of the "Obama rally" right? I couldn't see much else supporting this level.

Perhaps an extension to the 38.2 @ ~1570 coincides nicely with those two ultra strong peaks of last decade.
  • #138,744
  • Jan 20, 2016 10:18am Jan 20, 2016 10:18am
Quoting diggo
{quote} Can we dare to dream of 15xx of 2000/2007? Your target @ 1789 is based on the 23.6% Fib of the "Obama rally" right? I couldn't see much else supporting this level. Perhaps an extension to the 38.2 @ ~1570 coincides nicely with those two ultra strong peaks of last decade.
No way mate!!!! ...you will need a major world catastrophe to even consider those levels.

Bottom is around the corner and will be the buy and hold that will last for a long long long long time ...I will even coin the term right now as the Millennials Pension Retirement Bottom ...

For now just crumbs left in equities, trading inside major fundamental value areas in a lot of stocks and major sectorial indices.... i wouldn't bet the farm on a much deeper move down at these levels ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,745
  • Jan 20, 2016 10:20am Jan 20, 2016 10:20am
Been watching OIL, ES and DXY and GOLD. Nothing is moving with EU except GOLD jumped from 1102 to 1104 in 5 min. However, Gold back to 1101. I am not sure if I am watching the right instrument here as EU is so tuff to understand anymore. This could indicate a MOVE UPWARD in EU as Equities looking lower.
  • #138,746
  • Jan 20, 2016 10:22am Jan 20, 2016 10:22am
Quoting IMARICH1
Been watching OIL, ES and DXY and GOLD. Nothing is moving with EU except GOLD jumped from 1102 to 1104 in 5 min. This could indicate a MOVE UPWARD in EU as Equities looking lower.
Gold and Euro will take the driver sit in the coming days ....for now we just need to kill the current flows across the board... GOLD was a bummer today as I was expecting BOC to feed the move for the ECB / FED combo this month ...but well

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,747
  • Jan 20, 2016 10:28am Jan 20, 2016 10:28am
Quoting sisse
{quote} No way mate!!!! ...you will need a major world catastrophe to even consider those levels. Bottom is around the corner and will be the buy and hold that will last for a long long long long time ...I will even coin the term right now as the Millennials Pension Retirement Bottom ... For now just crumbs left in equities, trading inside major fundamental value areas in a lot of stocks and major sectorial indices.... i wouldn't bet the farm on a much deeper move down at these levels ... sisse
Hey sisse what do you think abt eu .. Which comes first 1.109xx or 1.02xxx... Tomorrow ecb and next week fomc.. What is your chances of January rate hike (fed) and negative rate (ecb) tomorrow...
Re-Incarnated
  • #138,748
  • Jan 20, 2016 10:30am Jan 20, 2016 10:30am
sisse,

I am still waiting. I have a small SHORT at .0975; but, am looking for an attempt at the .11XX handle. Do you still forsee the EU making this run and breakdown this week. I know you indicated .0860 won't hold again. As a result, we cant trade much lower before testing it again. I was looking for GOLD to make a run to allow EU to make its last run to the .108X handle today or tomorrow. But, EU is camping out around the .0900 handle. I would have thought OIL and ES would have fueled EU for its last leg up in this session to reach final target (.108X/.11xx)before making its way to complete the MID TERM LEG (1.04/1.02).
  • #138,749
  • Jan 20, 2016 10:41am Jan 20, 2016 10:41am
Quoting IMARICH1
Do you still force the EU making this run and breakdown this week. ....I would have thought OIL and ES would have fueled EU for its last leg up in this session to reach final target (.108X/.11xx)before making its way to complete the MID TERM LEG (1.04/1.02).
Break down this week? what's the hurry? ...

Euro has been and still is irrelevant right now for the current flows I wouldn't even bother focusing in this session if you are planning to trade it for the next swing leg.... Honestly (and especially for the poster above you) the whole WORLD of FINANCE is crumbling in from of our eyes (I mean you are witnessing history on the making marketwise !!!!) so focusing in a irrelevant pair right is probably not the best idea...

OIL barely breached the lows and it can blow any second right now. Equities are in the major historical move down since Lehman collapse ... my 2 cents, check those charts right now (even intraday !!!! today) as these are the REAL deal movers and shakers ....

On your question about Euro reaching 1.108x intraday well it seems a very simple move if OIL has the final gasp in the upcoming sessions ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,750
  • Jan 20, 2016 10:46am Jan 20, 2016 10:46am
sisse,

Thanks for the input.

"Break down this week? what's the hurry? .."

No hurry. What I was referring to was your language earlier this week about the breakdown in EU and the last of the easy ride diminishing. My words paraphrasing yours unless I got this wrong.
  • #138,751
  • Jan 20, 2016 10:49am Jan 20, 2016 10:49am
This is what I was referring to from one of your posts.

Quoting sisse
Here we go for the US. Expecting a rather moving sessions starting with today's US session. All eyes in Oil for the rest of the day. Losing 29.3x unlocks the lows and the test 25.9x later. On the Euro, the mid term compression range is reaching unsustainable levels, its going to blow very soon and with enough fuel for a large, very large move. We wont hold this week.... Whatever the case, bulls look super heavy. They are choking at the highs and they are screaming for a OIL/Equities hand in the following session ... Not much to see or do until nY...
and.....

"Nobody will stand in the middle till commodities and World Equities find foot ...no brainer trades across all FX board (exceptEuro that has been sleeping caught between the major flows) but we are reaching the end of the easy ride ..."

sisse
  • #138,752
  • Edited 11:03am Jan 20, 2016 10:53am | Edited 11:03am
..and finally OIL ticking below to the $27.xx handle ... I really would prefer to kill it quickly ...let see

Quoting IMARICH1
sisse, Thanks for the input. "Break down this week? what's the hurry? .." No hurry. What I was referring to was your language earlier this week about the breakdown in EU and the last of the easy ride diminishing. My words paraphrasing yours unless I got this wrong.
--> I see. Well I am just talking about the short term leg. If you are not holding longs form 1.083x or 1.086x, there is nothing to see here.

--> What I mean is one, after 14 failed attempts to crack 1.097x Euro bulls are looking in troubles in general and second, for the short term in my books, Euro wont hold another test intraday 1.086x so if you are holding longs or planning to rerereload its not a good option neither is a good idea to have stops too far from the market ...that's it ...

--> It doesn't imply jump to the other side in the middle of nowhere, neither just go against a world avalanche in the rest of the board, neither that is time to ride a new swing when the one we are currently hasn't even ended yet...

--> On this " Here we go for the US. Expecting a rather moving sessions starting with today's US session. All eyes in Oil for the rest of the day. Losing 29.3x unlocks the lows and the test 25.9x later. On the Euro, the mid term compression range is reaching unsustainable levels, its going to blow very soon and with enough fuel for a large, very large move. We wont hold this week.... "...

YES, its going to blow we have 7 weekly candles of extreme compression in key Resistance. Its going to blow and fuel is enough for a VERY LARGE move .... if you don't know how to trade a compression break we can chat later but its the same as we have been discussing many time with you here "...you want to enter not in the ultimate high but when they are enough hands trapped on the overshoot...you will fade them when they go overboard ...."

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,753
  • Jan 20, 2016 11:45am Jan 20, 2016 11:45am
Quoting sisse
......missed inflation, flop from the BOC and US opening range completed triggering imminent break down alerts in US equites [check]. A break unlock final target 1789.xx [clearing before target for purely r:r reasons] in ES and Euro 1.108x as collateral ... ...
CARNAGE !!!! ... -3.5% and counting

... and I will take that in a nothing less but a SUPERB trade here ... Clearing final target in Equities on the test 1805.xx a dozen points before final target for strictly money management reasons (there are large hands sitting on the 1800.xx handle and the odds of chopping around here until ECB/FED combo are too high and not worth the risk...)

All eyes on US equities ... Expecting profit taking for the close to end the day around 1830.xx ...a close below 1800.xx will trigger PANIC in Equities and World Markets !!!!

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,754
  • Jan 20, 2016 11:48am Jan 20, 2016 11:48am
sisse,

Thanks for your explanation. I do have one LONG (small leverage) on another account at .0880 on a failure to break thru .0860. Targeting final target of .1080.

I am not looking for a direct breakdown in EU on Mid Term Leg just yet; rather, this week to solidify a top and start the MID TERM LEG down. I know .111x was a level in prior year so was looking to price to overshoot to this area. I have my SHORT orders in at .1080 if we get there.

Appreciate you taking time to share this info as I would not be getting it deciphered anywhere else like this! Very good understanding of World Markets from you! I anxiously await your posts to see if I understood news correctly or market.

Thanks for your time and sharing your knowledge! Most valuable assets you freely give to us!
  • #138,755
  • Jan 20, 2016 1:13pm Jan 20, 2016 1:13pm
DXY about to break... and all my positions stopped to the pip today . Why the hell I moved my SL to BE....
Live and Keep Calm
  • #138,756
  • Jan 20, 2016 1:34pm Jan 20, 2016 1:34pm
Flat now but watching 42-3 on upside, 25 on pullback with 17 and 7-10 on the way down.
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Money Talks, Bullshit Walks
  • #138,757
  • Jan 20, 2016 2:13pm Jan 20, 2016 2:13pm
I don't have clear how you calculate when a level is validated or invalidated, but does this move invalidate from a TA standpoint 1.24?
Live and Keep Calm
  • #138,758
  • Jan 20, 2016 3:52pm Jan 20, 2016 3:52pm
I think Oil will find some decent support around 23/24 before FED announcement and also expecting decent retracement towards 34/35...
When Scalpers win, I lose and Vice varsa...
  • #138,759
  • Jan 20, 2016 4:09pm Jan 20, 2016 4:09pm
As widely expectex very strong closing session with major profit taking in equities. The end is literally around the corner.

On the Euro, keep choking at the highs and bulls are hanging on air until the ECB....

Not much to see at these levels. Oil grinding to fresh lows, equities pretty much completing the legs and dollar sitting on imminent break....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,760
  • Jan 20, 2016 4:56pm Jan 20, 2016 4:56pm
Quoting sisse
As widely expectex very strong closing session with major profit taking in equities. The end is literally around the corner. On the Euro, keep choking at the highs and bulls are hanging on air until the ECB.... Not much to see at these levels. Oil grinding to fresh lows, equities pretty much completing the legs and dollar sitting on imminent break.... sisse


What about a nice heroine shot for the market from China this year #stimulus #Faceripper 2016 who knows. or a dull bear market rally.
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