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The Really Useless Thread

  • #138,781
  • Jan 21, 2016 8:54am Jan 21, 2016 8:54am
Quoting sisse

  1. A major QE or a super dovish ECB will just tigger a soft zigzag to 1.094x/7x [check...strictly TAwise failed by handful of tikcs] until OIL clears up [in play] before leaving 1.086x [check / in play for the major leg] naked for a break down on inertia to 1.073x [in play] till the FED/monthly close and unlocking the mid term swing ....

...and we are pretty much back to square one after a quick opening range. Tracking 1.086x for the roll, all eyes in OIL to clear and we are ready to go...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,782
  • Jan 21, 2016 9:07am Jan 21, 2016 9:07am
Quoting sisse
{quote} ...and we are pretty much back to square one after a quick opening range. Tracking 1.086x for the roll, all eyes in OIL to clear and we are ready to go... sisse
retest of the broken 1.086x but a daily roll there , it would be too much to give for bulls today
Get Rich or Die Tryin
  • #138,783
  • Jan 21, 2016 9:13am Jan 21, 2016 9:13am
Quoting hoom
{quote} retest of the broken 1.086x but a daily roll there , it would be too much to give for bulls today
Oil mate thats the only wild card left ....we'll see in a few minutes if we get something new or not....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,784
  • Jan 21, 2016 9:14am Jan 21, 2016 9:14am
Time to play the short EUR trade now.. Shorting now..
  • #138,785
  • Edited 9:37am Jan 21, 2016 9:21am | Edited 9:37am
A quick update of the mid term map that many people have asked me.

After the ECB conference and despite OIL today and FED next week here is the mid term map update Jan 2016

--> EURO

$0.9857x(Steel Support <<locked>>)______$1.019(strong)______$1.058x(soft)______$1.086x(flip)[in play]______$1.097x(very strong)______$1.108x(soft)______$1.114x(Steel Resistance <<could be lock today>>)

...and that will pretty much it....The update also kill sisse's mapping updates help for the foreseeable future....

I hope some have not only leech the levels but actually learn something in the process ...

Lets the market roll ....and GL ALL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,786
  • Jan 21, 2016 9:25am Jan 21, 2016 9:25am
Quoting sisse
I hope some have not only leech the levels but actually learn something in the process ... Lets the market roll ....and GL ALL sisse
Levels or no levels, i've been way more profitable the last few months by using your 'higher TF' tip. Takes away a lot of pressure... thanks!
  • #138,787
  • Jan 21, 2016 9:30am Jan 21, 2016 9:30am
Quoting sisse
A quick update of the mid term map that many people have asked me. After the ECB conference and despite OIL today and FED next week here is the mid term map update Jan 2016 --> EURO $0.9857x(Steel Support <<locked>>)______$1.019(strong)______$1.058x(soft)______$1.086x(flip)[in play]______$1.097x(very strong)______$1.108x(soft)______$1.114x(Steel Support <<could be lock today>>) ...and that will pretty much it....The update also kill sisse's mapping updates help for the foreseeable future.... I hope some have not only leech the levels but actually...
By "steel support" you don't mean the metal so much as you mean very tough....correct?
  • #138,788
  • Jan 21, 2016 9:35am Jan 21, 2016 9:35am
Quoting Pharm0r
{quote} By "steel support" you don't mean the metal so much as you mean very tough....correct?
yes ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,789
  • Jan 21, 2016 9:49am Jan 21, 2016 9:49am
Quoting sisse
A quick update of the mid term map that many people have asked me. After the ECB conference and despite OIL today and FED next week here is the mid term map update Jan 2016 --> EURO $0.9857x(Steel Support <<locked>>)______$1.019(strong)______$1.058x(soft)______$1.086x(flip)[in play]______$1.097x(very strong)______$1.108x(soft)______$1.114x(Steel Resistance <<could be lock today>>) ...and that will pretty much it....The update also kill sisse's mapping updates help for the foreseeable future.... I hope some have not only leech the levels but actually...
Thanks sisse any link to your EU charts
  • #138,790
  • Jan 21, 2016 10:10am Jan 21, 2016 10:10am
...and that was pretty much it for the day. OIL short term bottom on sight with some crumbs left on the $26 handle ...Final update of a rather busy day...

--> Changing short term outlook in OIL from Strong Sell to Neutral.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,791
  • Jan 21, 2016 10:26am Jan 21, 2016 10:26am
nice analyses sisse.

can i ask u what TF do you prefer or how to see a major support, i personally thought that the 1,0805 would hold the shorts but seems they went sl hunting at least i think?

wonder if the 1,0858 where my limit is going to hold this, did put it a point below 60 just in case.


do you maybe have a good read for fundamental stuff to recommend or where to start if someone is new to this?

cheers
  • #138,792
  • Jan 21, 2016 10:38am Jan 21, 2016 10:38am
Vladmir1987,

sisse has spent alot of time here assisting us and mainly me. Read my posts and you will see WHAT NOT TO DO and WHAT TO DO! Perhaps, you can learn from my mistakes here. Longer TERM TF are the best to find levels and MAP. Micro levels create noise. There are different flows that create Price Action. Timing is impt in getting in and out of a trade but you must know WHEN to use NEWS, Techs and Fundamentals in play driving the market. KNOW THE MACRO view first. This will guide you. Know your SHORT, MID and LONG term legs.

After all of sisse's help and assistance, I may have missed the boat for this MID TERM LEG as I was waiting for the short term leg to complete at around .108X area. I have a small SHORT in play around .097X and should have put more in but waited. My only hope is that there will be a return to the .092X handle prior to the bigger move down.

Good luck and read sisse's comments to me even though I sound ignorant at times. I learned alot even though it may not appear like it at times.
  • #138,793
  • Jan 21, 2016 10:48am Jan 21, 2016 10:48am
Thanks IMARICH1

planed to read his post for today and also found some stuff so will need time to read all of this.
will be following the thread here its really interesting.
  • #138,794
  • Jan 21, 2016 10:51am Jan 21, 2016 10:51am
Quoting IMARICH1
.... sisse has spent a lot of time here assisting us ... read sisse's comments to me even though I sound ignorant at times. I learned a lot even though it may not appear like it at times.
...not just you buddy ...we all learn from yours and others' questions & I wish I were at that level to even ask such questions (and/or even understand some of sisse's answers ).
Keep up the good work, and of course a big thanks again to sisse!
The spoken word is your master, the unspoken word your slave.
  • #138,795
  • Jan 21, 2016 11:14am Jan 21, 2016 11:14am
Quoting Vladimir1987
Thanks IMARICH1 planed to read his post for today and also found some stuff so will need time to read all of this. will be following the thread here its really interesting.
hello vladimir, also dig even deeper into the times before imarich1 came - there is some real gold-knowledge of sisse laying there I mean, feel free to ask anything u want, of course, just saying that all the simple Q/A are in the history - than you can move to hard complex questions (because thats where sisse can be most helpfull with his invaluable knowledge/experience).
  • #138,796
  • Jan 21, 2016 11:25am Jan 21, 2016 11:25am
It was a good ride but I don't know why it again retraced might be a test of .086x but it should close below .0840x ... Might be due to oil ... Still holding short with no new entries ... Timing is everything in the game .... How much have to wait days,weeks,months to clear my final target . it's again testing all the old resistance ..
Re-Incarnated
  • #138,797
  • Jan 21, 2016 11:50am Jan 21, 2016 11:50am
Quoting IMARICH1
Vladmir1987, sisse has spent alot of time here assisting us and mainly me. Read my posts and you will see WHAT NOT TO DO and WHAT TO DO! Perhaps, you can learn from my mistakes here. Longer TERM TF are the best to find levels and MAP. Micro levels create noise. There are different flows that create Price Action. Timing is impt in getting in and out of a trade but you must know WHEN to use NEWS, Techs and Fundamentals in play driving the market. KNOW THE MACRO view first. This will guide you. Know your SHORT, MID and LONG term legs. After all of...
I think you expecting way more from the market/bulls.... Reanalyse all your analysis whether technically or fundamentally
Re-Incarnated
  • #138,798
  • Jan 21, 2016 12:09pm Jan 21, 2016 12:09pm
Quoting Vladimir1987
n...i personally thought that the 1,0805 would hold the shorts but seems they went sl hunting at least i think? ...
Thanks for the kind words. ...

--> Well if you read some past conversations you will realise that the exact 'levels' is not where the money is but in direction. Obviously common sense always applies first, so you will always need a minimum valid grasp of TA and trading not just randomly shooting at everything that moves which in your case and experience I don't think will be an issue at all but there are plenty of newcomers that want to learn to run before they learn crawl....

--> Whatever the case, if 1.0805 (i will get rid of the pip as 'dick for a dick' is prolly the most expensive mistake ever and for swinging is just simply irrelevant) is your level for the mid term leg well what better way to test some concepts in this thread that trade accordingly as an example to follow ...hopefully the trade will pan out first(obviously) and trigger something for you or others on how can 'ANY' TRADING level can be used if the direction is correct and your management of risk and TIMING is correct ....

Point being, lets check your 1.0805x for a potential entry for the mid term leg short with some basic chart in the upcoming sessions ...

Quoting IMARICH1
...I may have missed the boat for this MID TERM LEG a....
--> Why you keep saying that.

First, on the top of my head I can tell you if the mid term leg pans out you will have no less than 3 or 4 major short legs in between and not less than a dozen (12!!!) major mover and shakers news flows in between until we complete a move like that.

Second, even if you just planning to sell and come back in 3 months, we are pretty much UNCH in the same place we were 24 hours ago and only 100 ticks away from the supposedly top and 1100 ticks!!!! away from the final destination !!!! miss ????? what miss???

Third, and this is the same we have been talking the last few weeks. What makes you think failing to TRADE the ultimate PIPPET high or low is missing a trade or that makes you a BAD TRADER ??? that's traders/ FF myth none sense. I personally will respect you more TA wise if you call the momentum play with minimum drawdown rather than the gambler blind top or bottom...for the Nth time in the thread: the money is in consistency rather than perfection to the micro pipette ....

Even if we go 300 hundred ticks down in a couple of sessions you WONT have missed the move. When you have 90% of the range still in play thinking that you missed the move because you didn't enter in the ultimate high is just ...non sense....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,799
  • Jan 21, 2016 12:34pm Jan 21, 2016 12:34pm
how does one pronounce sisse?

seh--ssss?

seh-say

seh-see?

ss-eye-ss-ee?
  • #138,800
  • Jan 21, 2016 12:44pm Jan 21, 2016 12:44pm
Quoting Pharm0r
how does one pronounce sisse? seh--ssss? seh-say seh-see? ss-eye-ss-ee?
i think si--sse
When Scalpers win, I lose and Vice varsa...
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