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The Really Useless Thread

  • #139,841
  • Apr 8, 2016 1:46pm Apr 8, 2016 1:46pm
Quoting workingforex
{quote} Hello Sisse, First of all I thank you for all the effort and time you put in here. I am posting my part of exercise that I am trying to do, please have a look. Also with regard to the other exercise, I am on the buy side of it, we are still in that range since last Friday. {image}
Excellent chart! Simple and clean. I have the same view.
Fix up, trade sharp ...
  • #139,842
  • Apr 8, 2016 3:22pm Apr 8, 2016 3:22pm
Quoting sisse
{quote} ++++ Quick Call ++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.137x (elapsed time 3 days 0 hours) ..

++++ Quick Call [update 4]++++

Small exercise to get in synch with the market in a short swing

Current Euro price @ 1.139x (elapsed time 4 days 0 hours)


Quoting chester123

-> LMT BUY to 1.149x

Quoting hoom

-> LMT BUY to 1.149x

Quoting goosebone

-> LMT BUY to 1.149x



------------------------------------ ---------


Quoting IMARICH1

-> LMT SELL to 1.129x

Quoting Rockerzeus

-> LMT SELL to 1.129x


...and again Euro bears fighting very very hard to hold ....and keep holding ... Eyes on 1.139x for the W roll ...... for the guys in the exercise no winners so far all still open ...Compression range keep flirting to to blow any minute but as always no break no shake ... flat and extremely choppy week....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,843
  • Apr 11, 2016 5:20am Apr 11, 2016 5:20am
Key moves in the European opening session unlocking the path for the next major legs across the board. Plenty of short term swings in play on the table.

Strong signal in DAX and CAC 9650 holding a break unlock 10300 (in DAX ...but also mirror play in S&P for NY). All eyes on yen. UJ tripping below 107.8x will unlock clean sweep to complete the main target test to the 106.xx handle. While OIL just need a very timid push from Equities to unlock the mid term test to the 44.xx handle. 39.6x is the fresh rain maker for the foreseeable future.

Finally Euro sitting for over a week 1.139x and is stuck in a cluster fuck. Its going to blow any minute ...patience patience ....

Here plenty of positions across the boars and still managing some old ones ...for now until NY same levels, same trades, same all ...


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,844
  • Apr 11, 2016 5:38am Apr 11, 2016 5:38am
What about tonight FED announcement? how it can effect the markets?
  • #139,845
  • Apr 11, 2016 6:37am Apr 11, 2016 6:37am
Quoting Arshamv
What about tonight FED announcement? how it can effect the markets?
What do you think?...All cards on the table across the board. The .meeting comes after the opening range. Unexpected shock from the hike/hawkish side and dollar will set the low of year. Short-circuit all the FXboard (aka game changer ) anything else is continuation for a very calm spring before the major summer storms in the horizon...Trading wise, sit tight x continuation, and kill and reverso in play with any unexpected outcome....not much to do until NYsisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,846
  • Apr 11, 2016 6:48am Apr 11, 2016 6:48am
Quoting sisse
{quote} What do you think?...All cards on the table across the board. The .meeting comes after the opening range. Unexpected shock from the hike/hawkish side and dollar will set the low of year. Short-circuit all the FXboard (aka game changer ) anything else is continuation for a very calm spring before the major summer storms in the horizon...Trading wise, sit tight x continuation, and kill and reverso in play with any unexpected outcome....not much to do until NYsisse
Thankx for the info... What I think is that Q2 HH is in play ... Expected : dovish fed with strong communication ... Which might balance the situation ..Will be waiting for ur words
Re-Incarnated
  • #139,847
  • Apr 11, 2016 7:17am Apr 11, 2016 7:17am
Quoting sisse
{quote} What do you think?...All cards on the table across the board. The .meeting comes after the opening range. Unexpected shock from the hike/hawkish side and dollar will set the low of year. Short-circuit all the FXboard (aka game changer ) anything else is continuation for a very calm spring before the major summer storms in the horizon...Trading wise, sit tight x continuation, and kill and reverso in play with any unexpected outcome....not much to do until NYsisse
I think that FED is playing with CBs as like as a ball and its branches!!!
FED wants all things together, economic growth ,inflation targets,higher US equities,and also weaker $
at this stage I think that they want a weaker $ and helps to US exporters
So sorry for my English,it is not my native language
thank you Sisse for yor comments also I can not understand some of your key points cause of my english
  • #139,848
  • Apr 11, 2016 8:59am Apr 11, 2016 8:59am
...all eyes on DOLLAR today. FED can mark the low of this year 2016 as early as today while flop for a quick test 1.15 and the highs 1.17 in the spring...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,849
  • Apr 11, 2016 9:00am Apr 11, 2016 9:00am
This is the part where I scream "I got a 50 pip runner! I caught the swing on this micro move. I'm a super trader!! " right?
  • #139,850
  • Apr 11, 2016 9:33am Apr 11, 2016 9:33am
1.165- 1.17 here we go.
  • #139,851
  • Apr 11, 2016 9:39am Apr 11, 2016 9:39am
Quoting sisse
...all eyes on DOLLAR today. FED can mark the low of this year 2016 as early as today while flop for a quick test 1.15 and the highs 1.17 in the spring... sisse
But will there be any information of the meeting available to the public?
regards
  • #139,852
  • Apr 11, 2016 9:42am Apr 11, 2016 9:42am
Quoting sisse
...all eyes on DOLLAR today. FED can mark the low of this year 2016 as early as today while flop for a quick test 1.15 and the highs 1.17 in the spring... sisse
Sisse, if I understand it right.... FED can kill the "spring short term extensions" across the board.... however, its unexpected.

My question: is it usual for FED to hold unschguled meetings? I have never seen it during my trading career And I dont understand what can be the reason. There are macroeconomically no big changes from the last meeting and the next one is behind the corner. Do you have any guess whats it about?
  • #139,853
  • Apr 11, 2016 9:50am Apr 11, 2016 9:50am
Quoting chester123
{quote} Sisse, if I understand it right.... FED can kill the "spring short term extensions" across the board.... however, its unexpected. My question: is it usual for FED to hold unschguled meetings? I have never seen it during my trading career And I dont understand what can be the reason. There are macroeconomically no big changes from the last meeting and the next one is behind the corner. Do you have any guess whats it about?
If you click on the folder in the FF calendar , it will list out the other meetings . The last one was Nov. 23 last year . Hope this helps .
Peace
  • #139,854
  • Apr 11, 2016 9:52am Apr 11, 2016 9:52am
Quoting chester123
{quote} Sisse, if I understand it right.... FED can kill the "spring short term extensions" across the board.... however, its unexpected. My question: is it usual for FED to hold unschguled meetings? I have never seen it during my trading career And I dont understand what can be the reason. There are macroeconomically no big changes from the last meeting and the next one is behind the corner. Do you have any guess whats it about?
http://news.forexlive.com/!/feds-exp...ncern-20160411
make up your own mind
regards
  • #139,855
  • Apr 11, 2016 9:57am Apr 11, 2016 9:57am
Quoting build11
{quote} If you click on the folder in the FF calendar , it will list out the other meetings . The last one was Nov. 23 last year . Hope this helps .
hmm, man, if nov is ur last FED meeting u kind of missed an awful amount of boring monetary stuff

https://www.federalreserve.gov/monet...ccalendars.htm

Quoting mayafx
{quote} http://news.forexlive.com/!/feds-exp...ncern-20160411 make up your own mind regards
well, I dont know, he may be right. But sisse took the meeting into account so I thought there is something to expect/be cautious about.
  • #139,856
  • Apr 11, 2016 10:12am Apr 11, 2016 10:12am
Quoting goosebone
This is the part where I scream "I got a 50 pip runner! I caught the swing on this micro move. I'm a super trader!! " right?
................ ......................
Re-Incarnated
  • #139,857
  • Apr 11, 2016 10:32am Apr 11, 2016 10:32am
Quoting chester123
{quote} Sisse, if I understand it right.... FED can kill the "spring short term extensions" across the board.... however, its unexpected.
Yes it will be unexpected 'cause its just a random meeting and nobody is really expecting a game changer in the middle of nowhere ...

There are a better triggers that we are all expecting for this week:

1. Any micro signal of GDP China bottoming will be enough to give the go ahead in Equities and commodities and set the soft domino in motion for the spring and
2. US Inflation ticking up is a more natural triggered for FED expectations ....

Basically, today is noise but keep a close eye on any slip of mouth, etc

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,858
  • Apr 11, 2016 10:49am Apr 11, 2016 10:49am
Quoting sisse
{quote} Yes it will be unexpected 'cause its just a random meeting and nobody is really expecting a game changer in the middle of nowhere ... There are a better triggers that we are all expecting for this week: 1. Any micro signal of GDP China bottoming will be enough to give the go ahead in Equities and commodities and set the soft domino in motion for the spring and 2. US Inflation ticking up is a more natural triggered for FED expectations .... Basically, today is noise but keep a close eye on any slip of mouth, etc sisse
But it has contra-effect, right?

If 1. happens - short term go ahead for equities, pushes oil, extension for E/U

If 1. happens + 2. happens (inflation ticks up again) - the equities short term ride is gonna be more bumpy due to hikes anticipation? E/U extesion more complicated as well!

Right?
  • #139,859
  • Apr 11, 2016 10:58am Apr 11, 2016 10:58am
Quoting chester123
{quote} But it has contra-effect, right? If 1. happens - short term go ahead for equities, pushes oil, extension for E/U If 1. happens + 2. happens (inflation ticks up again) - the equities short term ride is gonna be more bumpy due to hikes anticipation? E/U extesion more complicated as well! Right?
Excellent. Yes sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,860
  • Apr 11, 2016 11:02am Apr 11, 2016 11:02am
hey sisse! hey others...

short ec at the moment, others flat. had some buy stops above eu top, but seems like we go lower... lets c

.. shorted blue, targeting green... nothing wrong buying cad these days

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD_H1_11042016.png Size: 77 KB
Hero calls followed by margin calls...
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