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The Really Useless Thread

  • #139,881
  • Apr 12, 2016 10:02am Apr 12, 2016 10:02am
Quoting sisse
...eyes on OIL after the more than expected confirmation of the deal. $41.1x opens the 'moon' for those in the short and mid term trade .... sisse
Some serious food for thoughts there sisse
Not all sins are created equal
  • #139,882
  • Apr 12, 2016 10:08am Apr 12, 2016 10:08am
anyone got a target for e/c bearish moves?
Hero calls followed by margin calls...
  • #139,883
  • Apr 12, 2016 10:34am Apr 12, 2016 10:34am
hmmm, seems oil saved E/U from breaking down
  • #139,884
  • Apr 12, 2016 10:49am Apr 12, 2016 10:49am
Quoting PhAnTi'
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 {image}
half the way.. target green


Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD_H4_12042016.png Size: 36 KB
Hero calls followed by margin calls...
  • #139,885
  • Apr 12, 2016 1:01pm Apr 12, 2016 1:01pm
Quoting PhAnTi'
{quote} half the way.. target green {image}
Great one there, with EU 1390 broken, this short of yours has good chances to hit that. Besides that structure is bearish calling for lower test. I am short myself EU targeting 1346.
  • #139,886
  • Apr 12, 2016 4:42pm Apr 12, 2016 4:42pm
Quoting sisse
{quote} ++++ Quick Call ++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.139x (elapsed time 5 days 0 hours)

++++ Quick Call [update 6]++++

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

Current Euro price @ 1.138x (elapsed time 6 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 one more time back to square one...a cluster fuck short term period. Nothing new to add.

US inflation/China numbers will do the trick this week.... For the guys in the exercise no winners so far all still open ...Compression range keep flirting to blow any minute but as always no break no shake ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,887
  • Apr 13, 2016 3:17am Apr 13, 2016 3:17am
I guess it was great call, sisse, first roung of china numbers and equities are flying. DAX very strongly. Too bad Im not in Seems that only a very strong overshoot on US inflation can spoil this short term spring extension party.
  • #139,888
  • Apr 13, 2016 3:21am Apr 13, 2016 3:21am
Going nowhere fast.. consolidation with sweeping stops for engineered liquidity.. USDX has a potential move to 96xx so we could see a break out of fiber for end of week..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDSBH1 13th April Wed.png Size: 73 KB
  • #139,889
  • Apr 13, 2016 3:38am Apr 13, 2016 3:38am
Quoting sisse
On the FA side, US Inflation is the one to track for the FED as Dollar is in key short/mid and long term areas while European equities stating to show early signs of decoupling with the Euro meaning the value is getting too expensive and is starting to weight heavier in European markets.
As suspected since yesterday very important signals triggered in the FX board, Euro breaking correlation from Equities this morning. Key US inflation numbers to kick start this month and Quarter.... Both short term floor and top are naked now after this so watch out for runners with NY ...

Quoting chester123
I guess it was great call, sisse, first roung of china numbers and equities are flying. DAX very strongly. Too bad Im not in Seems that only a very strong overshoot on US inflation can spoil this short term spring extension party.
...wait for the major one and you will see on Friday ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,890
  • Apr 13, 2016 4:08am Apr 13, 2016 4:08am
USDX measured leg down from previous fractal high 16th March to recent low. Possible leg up towards 96xx.
Attached Image (click to enlarge)
Click to Enlarge Name: USDXDaily 13th April.png Size: 134 KB
  • #139,891
  • Apr 13, 2016 4:34am Apr 13, 2016 4:34am
Quoting buttons
USDX measured leg down from previous fractal high 16th March to recent low. Possible leg up towards 96xx. {image}
I think that the bottoming structure is gonna be dependant on the macro numbers coming for this week, which are gonna have tail till the end of month. Your scenarion with strong overshoot locking the short term extensive break of the channel down. What I hope for is inflation flop - to allow deep extensions across the board so we can ride the short term and mid term reveso in may from good positions
  • #139,892
  • Apr 13, 2016 4:39am Apr 13, 2016 4:39am
Quoting sisse
... Both short term floor and top are naked now after this so watch out for runners with NY ...
equity futures pointing to a gap up, riding the oil rally wave, but we have US bank stocks reporting earnings this week (JPM, BAC, C, WFC, etc) and these are expected to suck, which could be a wet blanket...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #139,893
  • Apr 13, 2016 5:10am Apr 13, 2016 5:10am
Exercise closing in on the finish line currently
  • #139,894
  • Apr 13, 2016 5:50am Apr 13, 2016 5:50am
Quoting chester123
{quote} I think that the bottoming structure is gonna be dependant on the macro numbers coming for this week, which are gonna have tail till the end of month. Your scenarion with strong overshoot locking the short term extensive break of the channel down. What I hope for is inflation flop - to allow deep extensions across the board so we can ride the short term and mid term reveso in may from good positions
I leave the fundamental calls to those much smarter than me... I'm purely technical, and I agree once the technical s show something else I will change my opinion.. until then.. Im selling euro and cable.. Will manage and wait to see changes in market PA...
  • #139,895
  • Apr 13, 2016 6:39am Apr 13, 2016 6:39am
Quoting sisse
{quote} ++++ Quick Call ++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.139x (elapsed time 5 days 0 hours)
CHIN CHIN CIHN ....and we have a winner...finally!!!! ... IMARICH1 and Rockerzeus 1.129x tested [check] well done !!!


++++ Quick Call [update 6]++++

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

Current Euro price @ 1.129x (total time 5 days 12 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


Now the purpose of this exercise is was to get in Synch with the market and increase your TA confidence so let me ask you before the movers and shakers this week:

-> has anything FA or TA wise changed in the short term and mid term as per today?

You caught the right side and you are aligned with the market short term. Let me ask you the 1mill question again:

--> If the chart /map you posted is still the same for the mid term and also your Outlook is SELL (according to you) how would you manage the next short term leg:

 

  1. Hold the sell 1.139x and trail? or
  2. 'My top reference level/exhaustion area' to fade hasn't been traded yet so better clear all and wait patiently to sell later for both the short and mid term leg? or
  3. 'I am not sure if this is a runner down' I better buy try small if the FA/TA reports supports for a test of the highs against my mid term outlook but i can grab both the short term exhaustion leg up and the real down leg?

Basically and lets go for the second round of the exercise (open for all to post):

--> Question 2: What level will be tested first?

--> Currently Euro is trading 1.129x:

1.139xx or 1.119x



--> Choose your poison ASAP and any other lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all.

In simple words for the sake of the example the option in trading terms are :

-> LMT BUY 1.129x -> TP => 1.139x | STP => 1.119x | r:r -=> 1:1


-> LMT SELL 1.129x -> TP => 1.119x | STP => 1.139x | r:r -=> 1:1


Let see how it goes as I think you will get a lot out of it after a few iterations ... I will give you some more feedback later ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,896
  • Apr 13, 2016 6:50am Apr 13, 2016 6:50am
No surprise there....Rock is a superb trader



Add me to the lmt sell 1.129x to 1.119x.....although I'm more of a HH stop kind of guy- I'd like to play

Want to buy 1.1150..
  • #139,897
  • Apr 13, 2016 6:55am Apr 13, 2016 6:55am
Quoting Pharm0r
No surprise there....Rock is a superb trader Add me to the lmt sell 1.129x to 1.119x.....although I'm more of a HH stop kind of guy- I'd like to play Want to buy 1.1150..
Pharm0r IN

He took the plunge ... come on guys especially the lurkers go for it ...there is no right or wrong answer for this ...just a test to help Imarich and others...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,898
  • Apr 13, 2016 7:01am Apr 13, 2016 7:01am
Quoting sisse
{quote} Pharm0r IN He took the plunge ... come on guys especially the lurkers go for it ...there is no right or wrong answer for this ...just a test to help Imarich and others... sisse
I go for the 3rd scenario - thats what I would do usually - and I call 1,139x lvl first
  • #139,899
  • Apr 13, 2016 7:01am Apr 13, 2016 7:01am
SELL 1.129x -> TP => 1.119x | STP => 1.139x | r:r -=> 1:1
If you are new to FX don"t follow my trades, I 've blown many live accounts
  • #139,900
  • Apr 13, 2016 7:02am Apr 13, 2016 7:02am
Would be a shame if PPI and Crude combo killed this trade before it even left the ground
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