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The Really Useless Thread

  • #139,341
  • Feb 26, 2016 11:37am Feb 26, 2016 11:37am
...that was it for Europe. Eurozone Equities (DAX/CAC) sitting on launching platform for ECB QE signals but still needing the US to keep the board afloat while FTSE couldn't held cleanly and it will move just as collateral of the US and Eurozone Equities (without a dovish BOE...UK equities are set for a very sharp correction in the next quarter and even more if Brexit).

On the currency side, Euro losing foot and looks ready for the double hit via ECB and later risk while Sterling with a major imminent breakdown alerts triggered in the long/mid and short term. For the first time since 1985 GU all time lows are technically unlocked with a steel support before 1.21xx....

Next round of closes coming in a few ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,342
  • Feb 26, 2016 1:19pm Feb 26, 2016 1:19pm
As expected OIL fighting hard @32.7x on the closing session while Gold confirmed zigzag...

Testing new ways to interact so for those interested in following a conversation with Gator here is the link... first time user as poster so learning the ropes ...feel free to tweet, retweet or whatever it is that work....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,343
  • Feb 26, 2016 1:35pm Feb 26, 2016 1:35pm
gota try keep up with times, just added
  • #139,344
  • Edited 2:41pm Feb 26, 2016 1:43pm | Edited 2:41pm
sisse,

That is an awesome link! And, may keep me quiet and less posting! I consider you and gator very insightful and intellectual traders! Privileged to be able to see the great minds thinking and assessing! Just got to remember my twitter account password now!

What perplexes me is how you were able to know on the DAX .955x would get tested and OIL 33.7X when the London session was 3/4 thru- DAX lost the .9500 handle and OIL was above the 33.00 handle.

I feel like I am catching fish and don't understand why the bait works that I am using. And, not sure how many other here are like me; but, I am not a Professional Trader by any stretch but trying so hard to figure this out. Luckily my other profession pays the bills and I am good at it. But, I have alot of respect for those like you that do this professionally for a living and help amateurs like me that really do want to learn but will never posses the skills like you and some others do.
  • #139,345
  • Feb 26, 2016 2:10pm Feb 26, 2016 2:10pm
Oh no that sucks... would hate to see Sisse go just like Gator.
  • #139,346
  • Feb 26, 2016 2:46pm Feb 26, 2016 2:46pm
OIL held, GOLD triggering the zigzag ....nothing new on commodities ... Eyes on 1955.xx on the S&P for the close in Equities and 1.094x in the Euro

Quoting IMARICH1
... What perplexes me is how you were able to know on the DAX .955x would get tested and OIL 32.7X when the London session was 3/4 thru- DAX lost the .9500 handle and OIL was above the 33.00 handle. ...
Experience....If you keep on track trading/ mapping main swings you will be soon able to see the forest for the trees... minions and gamblers trade every second 24/7 at every level, 'real' money, flows and levels are mostly done at certain specific areas and times....you may not be right on direction but at least you wont be 'lost' on a web of random levels....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,347
  • Feb 26, 2016 3:49pm Feb 26, 2016 3:49pm
Quoting sisse
...Changing short term outlook in european equities DAX from Neutral to Soft buy and as consequences today for currencies. --> --> Changing short term outlook in Euro from Neutral to Sell ...
No surprises in the Euro. We are about to roll around 1.094x as expected but more importantly we are losing 1.097x one more time for the M roll. A rather bearish close on the making that is triggering a change in outlook for the close until NFP:

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

Not much to see or do at these levels, flat in Equities and GOLD. Managing positions in Euro, GU and OIL. Actively looking for positions in the YEN...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,348
  • Feb 27, 2016 4:26am Feb 27, 2016 4:26am
Quoting rioMario
Nice bounce on the super level 1.0960 Again risk-off vs euro correlation is lost in the european session and this weighs on euro. I don't see too much headroom for this short term up swing you guys are seeing. Should it be related to the last crumble of the dovish fed play (via dollar weakness
USA keeps printing really strong numbers and we witnessed a rate move on friday NY session (dollar up, gold down, commodities currencies down).
To sisse, do you think a march hike could be back in play?

About the short term eurUsd up leg, I would consider joining a bounce on 1.081/2 area (if we will have one) to take short term long positions to play a weak NFP.
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  • #139,349
  • Feb 28, 2016 1:43am Feb 28, 2016 1:43am
Quoting rioMario
USA keeps printing really strong numbers and we witnessed a rate move on friday NY session (dollar up, gold down, commodities currencies down). To sisse, do you think a march hike could be back in play?
Mar FOMC will do what they do best - kick the can. US equities will rally, especially if oil continues to grind up. Gold and Treasurys are due for hard reversal. As US pres election crystallizes into Trump vs Clinton, US markets will breathe easier....
-
"If The Fool persists in his Folly he will become wise." - William Blake
  • #139,350
  • Feb 29, 2016 3:00am Feb 29, 2016 3:00am
Quoting The Fool
{quote} Mar FOMC will do what they do best - kick the can. US equities will rally, especially if oil continues to grind up. Gold and Treasurys are due for hard reversal. As US pres election crystallizes into Trump vs Clinton, US markets will breathe easier.... -
thanks fool.

You see gold and treasuries reversal due to risk play back on track (fueled by central banks)?
  • #139,351
  • Feb 29, 2016 4:55am Feb 29, 2016 4:55am
Some disappointment in the market about the G20 presenting no plan to boost growth through fiscal stimulus. Equities, weak across the board, received a very minor boost from the PBoC cutting reserve requirements for banks. Cable so far looking very soft, making a new low after giving up on a brief trip above 1.39.
  • #139,352
  • Feb 29, 2016 6:12am Feb 29, 2016 6:12am
A rather dull European session with inflation numbers ticking down from all fronts. Markets aligning for soft continuation until NFP with Equities in full control until the ECB/FED combo.

Not much to see or do at these levels so same plays same all ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,353
  • Feb 29, 2016 8:30am Feb 29, 2016 8:30am
...here we go for NY...expecting soft technical moves until US employment reports later this week. Equities in full control, tracking 1932.xx in S&P. Expecting soft hands to get spanked in the Euro. 1.088x holding the European close unlocks 1.094x before completing the short term leg with NFP....

GL all trading this week...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,354
  • Feb 29, 2016 8:49am Feb 29, 2016 8:49am
Quoting sisse
...here we go for NY...expecting soft technical moves until US employment reports later this week. Equities in full control, tracking 1932.xx in S&P. Expecting soft hands to get spanked in the Euro. 1.088x holding the European close unlocks 1.094x before completing the short term leg with NFP.... GL all trading this week... sisse
I want ask how to play this. Buy it at 1,088x and TP at 1,094x and then sell or to wait until 1,0940 and then sell?
  • #139,355
  • Feb 29, 2016 11:33am Feb 29, 2016 11:33am
.0860 being protected possibly. It continues to hold. This has been a SUPPORT/RESISTANCE Level. I took a LONG (.0861) here with partial TP at .0940 and ext to .098X/.1000 handle with a tight stop at .0859
  • #139,356
  • Feb 29, 2016 12:32pm Feb 29, 2016 12:32pm
A very dull and flat session in the Euro. Europe went home losing 1.088x unlocking roll play for today.

Eyes on the 'calendar' M close (trading M close was last Friday). Actively tracking 1952.xx in S&P and 1.088x in the Euro for the NFP play.

Quoting IMARICH1
.0860 being protected possibly. It continues to hold. This has been a SUPPORT/RESISTANCE Level. ..
Really ???... watch-out you don't get glamoured by micro moves and miss the forest for the trees. .... GL ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,357
  • Edited 1:47pm Feb 29, 2016 1:21pm | Edited 1:47pm
Thanks sisse for the heads up.....I understand regarding the smaller TF showing the support and this being your reference to missing the forest from the trees. I was looking at this as a short term LONG to attack .097X which is the MAIN LONGER TF Resistance/closes as long as NY closed above this .088X area.

However, Europe went home as you said without regaining .088X level. I still am watching to see if NY does. I am in profit and tracking so no loss here ( L-.0861 and Stop now at .0870). Will close out if NY doesn't close above .0890 as this would allow a test at the .0806/.0790 level.

A tick below today's LL and we will probably see it today IMO.

Thanks for your insight!

EDIT: I am pondering whether to go smaller in leverage in EU to allow more ability to trade GBP as it appears it has more rewards, less risk and easier currency to trade this year as sisse noted. More bang for the buck-no pun intended! However, the GBP has always hurt me in the past with its big moves and volatility and uncertainty. I am such a trader!

The WEEKLY chart below is what I was referring to re: .0860 level......
Attached Image
  • #139,358
  • Edited 2:35pm Feb 29, 2016 2:11pm | Edited 2:35pm
Quoting IMARICH1
...The WEEKLY chart below is what I was referring to re: .0860 level...... {image}
Really mate? that honestly looks like a random line... 1.086x can be anything else but not a W support and even worst on the chart you are showing ....

You are getting itchy fingers again. My 2 cents, don't try to 'chart fit' your trading impulse, if you want to trade a micro trade don't use a weekly chart !!! ...for the n time "don't try to catch a big fish with a small both neither a shrimp with a Battleship"

I hope the micro trade pans out and gives you the targets but I insist if you are are not a very seasoned swing trader, trading randomly every micro trade on top of the short and mid term trades at the same time will lead you to get 'lost in translation' sooner rather than later ...

GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,359
  • Feb 29, 2016 2:12pm Feb 29, 2016 2:12pm
US Equities testing the 1932 level you referred to earlier today sisse. If it holds, then a test of the HIGHS at .1955 to 1980? EU challenging the .088X area now.

This was the area I was referring too sisse. I appreciate you calling it out but wanted you to see what I was looking at. Thanks
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  • #139,360
  • Feb 29, 2016 2:22pm Feb 29, 2016 2:22pm
Quoting IMARICH1
US Equities testing the 1932 level you referred to earlier today sisse. If it holds, then a test of the HIGHS at .1955 to 1980? EU challenging the .088X area now. This was the area I was referring too sisse. I appreciate you calling it out but wanted you to see what I was looking at. Thanks {image}
...indeed.

Flawless day in the S&P top to bottom and for those trading/planning to trade the swing the traditional: Choose your poison time for the close ....

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