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The Really Useless Thread

  • #138,861
  • Jan 26, 2016 8:18am Jan 26, 2016 8:18am
Quoting ws121
{quote} Well, Thank you sir for this explanation, I'm sure everyone is going to benefit from your wisdom as always. I'm just confused about the USD and JPY example you used {quote} Was there any typo here, and if so, am I correct to think it should be: USD goes up (e.g A new hike rate tomorrow) and nothing happen in the yen: USD/JPY goes up USD goes down (e.g A dovish FED tomorrow) and nothing happen in the yen: USD/JPY goes down USD goes up down (e.g A dovish FED) and yen goes down (e.g A BOJ QE) goes up (e.g A BOJ flop): USD/JPY goes down Double...
Maybe Chester123 can help me here
  • #138,862
  • Jan 26, 2016 8:25am Jan 26, 2016 8:25am
Quoting ws121
{quote} Maybe Chester123 can help me here
Only typo is point 3 mate

3. USD goes up (e.g A hawkish/rate hike Fed)
  • #138,863
  • Jan 26, 2016 8:32am Jan 26, 2016 8:32am
Quoting diggo
{quote} Only typo is point 3 mate 3. USD goes up (e.g A hawkish/rate hike Fed)
Thanks for the reply. But what about point 3 (USD goes up (e.g A dovish FED))
How would USD go up on a dovish FED?
  • #138,864
  • Jan 26, 2016 8:37am Jan 26, 2016 8:37am
Quoting ws121
{quote} Thanks for the reply. But what about point 3 (USD goes up (e.g A dovish FED)) How would USD go up on a dovish FED?
Ok, I thought diggo was right on the first sight, but it seems there are more than one typo in the sisse example num 3/4, but still the idea is pretty clear now (after so great explanation) and the way you corrected is right!!
  • #138,865
  • Jan 26, 2016 8:46am Jan 26, 2016 8:46am
Quoting chester123
{quote} Ok, I thought diggo was right on the first sight, but it seems there are more than one typo in the sisse example num 3/4, but still the idea is pretty clear now (after so great explanation) and the way you corrected is right!!
Ah yes number 3 and 4 as well. Both should read

A hawkish/rate hike Fed
  • #138,866
  • Jan 26, 2016 8:47am Jan 26, 2016 8:47am
Quoting chester123
{quote} Ok, I thought diggo was right on the first sight, but it seems there are more than one typo in the sisse example num 3/4, but still the idea is pretty clear now (after so great explanation) and the way you corrected is right!!
Thanks you guys for your help. Always appreciated
  • #138,867
  • Jan 26, 2016 8:52am Jan 26, 2016 8:52am
Quoting diggo
{quote} Ah yes number 3 and 4 as well. Both should read A hawkish/rate hike Fed
  • #138,868
  • Edited 9:05am Jan 26, 2016 8:52am | Edited 9:05am
Quoting diggo
{quote} Ah yes number 3 and 4 as well. Both should read A hawkish/rate hike Fed
I would stick with andrews correction cuz if you only correct dovish to hawkish FED in case 3 and 4 =) you get numer 4, where USD goes up and JPY goes up, which means you get double whammy and not messy rangeing - so the consequense still would not fit as it does in case of andrews suggestion.
  • #138,869
  • Jan 26, 2016 8:58am Jan 26, 2016 8:58am
Quoting chester123
{quote} I would stick with andrews correction cuz if you only correct dovish to hawkish FED in case 3 and 4 =) you get numer 4, where USD goes up and JPY goes up, which means you get double whammy and not messy rangeing - so the consequense still would not fit as it does in case of andrews suggestion.
hehehe, it's getting more confusing for me, sorry.
if both go up, doesn't it still mean we get a messy ranging?
  • #138,870
  • Jan 26, 2016 8:58am Jan 26, 2016 8:58am
From d last 1 year eu is just making me crazy please get out of this range ... Almost every corrections are done go get a direction
Re-Incarnated
  • #138,871
  • Jan 26, 2016 9:03am Jan 26, 2016 9:03am
Quoting chester123
{quote} I would stick with andrews correction cuz if you only correct dovish to hawkish FED in case 3 and 4 =) you get numer 4, where USD goes up and JPY goes up, which means you get double whammy and not messy rangeing - so the consequense still would not fit as it does in case of andrews suggestion.
Hehe I see what you mean. I think we all know the right answer, we are getting a little tangled up with typos. Just need to apply some common sense here.
  • #138,872
  • Jan 26, 2016 9:04am Jan 26, 2016 9:04am
Quoting ws121
{quote} hehehe, it's getting more confusing for me, sorry. if both go up, doesn't it still mean we get a messy ranging?
OMG, yes, sorry, lets say Ive never written it. Got confused by seeing so many combinations

Exactly, we all understand the logic. Just got confused
  • #138,873
  • Jan 26, 2016 9:08am Jan 26, 2016 9:08am
Nothing to see until fed going for a nap .... All d best guys .... If it's going anywhere its without me closing all minimum green pips...
Re-Incarnated
  • #138,874
  • Jan 26, 2016 9:15am Jan 26, 2016 9:15am
Quoting primejarvis
Nothing to see until fed going for a nap .... All d best guys .... If it's going anywhere its without me closing all minimum green pips...
I posted this chart on Monday. Obviously I was wrong cuz I thought it would be more a zig-zag to the lvl suggested.... In any case I still expect the E/U to set for FED on the lower side of the range. Guess not 1,073xx but under 1,080xxx. Consumers are supportive. Even sparked some buying in equities. But as usuall oil may spoil everything.
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  • #138,875
  • Jan 26, 2016 9:27am Jan 26, 2016 9:27am
Quoting chester123
{quote} I posted this chart on Monday. Obviously I was wrong cuz I thought it would be more a zig-zag to the lvl suggested.... In any case I still expect the E/U to set for FED on the lower side of the range. Guess not 1,073xx but under 1,080xxx. Consumers are supportive. Even sparked some buying in equities. But as usuall oil may spoil everything. {image}
Thankx chester123 already checked your post never miss a single post from d thread... I 100% agree to your chart but not on the north side ... It had already opened the gate to the test the low of 2015 and make a new low ... Atleast for me I don't know what other highly super smart trader's around the globe thinks of it ....
Re-Incarnated
  • #138,876
  • Jan 26, 2016 9:34am Jan 26, 2016 9:34am
I have been testing a method from a very long time and really needs a lot lot of patience ... Once the thing gets clear out will surely share with atleast two traders you & sisse ... I was zero in FA and still a zero in FA but reading both of your posts sometimes it really makes a lot of sense and trust me when both FA and TA matches/corelates the results are unpredictable
Re-Incarnated
  • #138,877
  • Jan 26, 2016 9:51am Jan 26, 2016 9:51am
Quoting sisse
...and cracks starting to appear in the OIL supply front (this is a KEY factor to track for a potential bottom) with Irak and to lesser extend Russia starting to mention cuts .....
$30 oil is gonna be hardening up the more this panic chatter about coordinating production cuts persists....short squeeze action could take us pretty quickly back towards $45 on "buy the rumor".....wait for the OPEC emergency meeting announcement if you want to see some shorts cover......altho maybe it'll be sneakier than that......anywho, $20 oil looks like an insane mirage compared to $45.....and if there be real cutting by strong hand producers, we will see $60 again by Summer.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #138,878
  • Edited Jan 27, 2016 4:35am Jan 26, 2016 12:08pm | Edited Jan 27, 2016 4:35am
Slightly better numbers in Consumer confidence but nothing out of the norm for the European close. OIL holding strong and starting to find some light at the end of the tunnel. Euro nothing new, chopping all week long around 1.084x.

Markets about to enter in comatose mode until the FED tomorrow with US equities with a last chance today pre FED flirting to complete the continuation move (buy the rumour sell the fact) and close on the highs pre reports. A break 1905.xx will be enough to unlock rather quickly final target 1940.xx with soft intermediate stops 1921.xx...

Quoting The Fool
{quote} $30 oil is gonna be hardening up the more this panic chatter about coordinating production cuts persists....short squeeze action could take us pretty quickly back towards $45 on "buy the rumour".....wait for the OPEC emergency meeting announcement if you want to see some shorts cover......altho maybe it'll be sneakier than that......anywho, $20 oil looks like an insane mirage compared to $45.....and if there be real cutting by strong hand producers, we will see $60 again by Summer.
Agree 100%.

Quoting ws121
...Was there any typo here, and if so, am I correct to think it should be:
Well spotted ....I edited the corrections ...

 

  1. USD goes DOWN up (e.g A dovish FED) and yen goes down (e.g A BOJ QE): USD/JPY messy NEUTRAL (avoid for trading)
  2. USD goes DOWN up (e.g A dovish FED) and yen goes up (e.g A BOJ flop): USD/JPY goes down Double whammy (fasten your seatbelt and enjoy the ride)

....

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #138,879
  • Jan 26, 2016 12:20pm Jan 26, 2016 12:20pm
Hi!

Main triangles in EurUsd:
Quoting hathor
Triangles is different time frames: Weekly Huge brown triangle (1) - it's upper line is highlighted with brown trendline: partially containing the green/blue/indigo tirangle (2) {image} Daily Orange triangle (3) {image} H4 Blue/indigo triangle (4) {image}
f(z)=z2+c
  • #138,880
  • Jan 27, 2016 2:23am Jan 27, 2016 2:23am
Simple session expected with Equities in the driver seat until the FED put Dollar in centre stage. Chinese equities flirted with a clean sweep early overnight but held steady and bounced back.

For the European morning eyes in DAX losing 974x.x as it could give the heads up for the rest of the day unlocking a quick test (very tradable) to the lows of the year with a very strong intermediate stop 946x.x before.

However today the benchmark will be set in the NY opening range to see how markets react to the Q numbers of the spoiled king in US equities (APPL). The miss in the 'almighty' iPhone sales could weight heavier in the short term than the better reported earnings .... important note to mention today as this can mark the end for investors of APPL as the king maker in US equities in the long run ....

Whatever the case, classical and simple Equities focus session(s) with ears on the background to OPEC for OIL until the FED settle the deal for currencies until the end of the Quarter....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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