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The Really Useless Thread

  • #139,921
  • Apr 13, 2016 7:44am Apr 13, 2016 7:44am
Well, we can all call the people trading 5 mins before PPI gamblers
  • #139,922
  • Apr 13, 2016 7:46am Apr 13, 2016 7:46am
Quoting Rockerzeus
I am late so I am out, after PPI number my idea might be considered as Insider Trading But if you guys let me say my word I will say it. This will be my honest idea before PPI and after.
go for it quickly...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,923
  • Apr 13, 2016 7:47am Apr 13, 2016 7:47am
Quoting sisse
{quote} go for it quickly...
1.1350 than go to 1.1.119x
  • #139,924
  • Edited 8:44am Apr 13, 2016 7:49am | Edited 8:44am
Here we go for NY .... GL all trading today

++++ Quick Call 2++++

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

Current Euro price @ 1.131x (elapsed time 0 days 0 hours)


-> LMT BUY to 1.139x

eborn

build11

primejarvis

chester123

nonlinear

goosebone

Pixie666

glassblower

IMARICH1

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

Quoting TheSwede

-> LMT BUY to 1.139x (Neutral)

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

-> LMT SELL to 1.119x

Pharm0r

mclon

shackleton

monkey@forex

Rockerzeus


sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,925
  • Edited 8:17am Apr 13, 2016 7:52am | Edited 8:17am
sisse,

I am the LIMIT BUY on this one.......1290 to .1390. I gave my explanation. And, it might be wrong but how I am playing it....I am on the BUY to .1390 and then possibly FADE or wait for for exhaustion point....

 

  1. '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


If Outlook was to SELL (RED)(Sell from Extreme Tops to inside Targets; therfore, my inside target was reached for now. Clear and wait for another FADE.

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

However, this is where I am confused.....I would rather not BUY and wait to see how price retraces and see where we are at at the end of the week after INFLATION numbers are all in. But, I can't see why I would hold my SELL at .1390 when target was reached. Perhaps, maybe hold a portion and trail especially with NEWS this week. This is my thinking.

Your #3 answer
'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?


This is the answer I almost went with as well but it seemed I could only answer this one after NEWS came in.

  • #139,926
  • Apr 13, 2016 7:52am Apr 13, 2016 7:52am
Quoting Rockerzeus
{quote} 1.1350 than go to 1.1.119x
Btw there is a typo. Did not want to alter that post.

it is 1.119x
  • #139,927
  • Apr 13, 2016 7:59am Apr 13, 2016 7:59am
Thank you Sisse for letting me in!!!
  • #139,928
  • Apr 13, 2016 8:13am Apr 13, 2016 8:13am
Quoting build11
I'm going to take the first one : -> LMT BUY 1.129x -> TP => 1.139x | STP => 1.119x | r:r -=> 1:1
I don't think anything has changed yet . ( until the daily candle closes and US news) I have a flip zone at 1350 to 1410 would expect a retest of this area .
Just for the record .
Peace
  • #139,929
  • Apr 13, 2016 8:16am Apr 13, 2016 8:16am
Quoting build11
{quote} Just for the record .
ditto - for clarity, I sold...
  • #139,930
  • Apr 13, 2016 8:38am Apr 13, 2016 8:38am
Quoting sisse
Back to business, Eyes on US reports, especially in inflation numbers. Expecting rather better and overshoots in all fronts. US equities (S&P) sitting in key 2073.xx which is momentum play. A break up unlocks clean sweep and very fast leg to 211x that will carry the board. Euro (and Dollar) was the mover and shaker early on the day breaking correlations for the first time in weeks with Equities sending strong alerts on whats is cooking in the background. An overshoot in inflation and macro numbers will pretty much kill FED dovish talk...
sisse,

on correlations you mean: what is broken for now is - if EUR up = EU equities negative? so as per now there is no major correlation?

on background - whats sending the alerts? Broken correlation or equities itself? Equities because of the power of the extension - too overvalued targets? Just interested what is it you interpret to send the warnings and what it warns agains? Future risks in summer?

Thank you
  • #139,931
  • Apr 13, 2016 8:47am Apr 13, 2016 8:47am
Quoting chester123
{quote} sisse, on correlations you mean: what is broken for now is - if EUR up = EU equities negative? so as per now there is no major correlation? on background - whats sending the alerts? Broken correlation or equities itself? Equities because of the power of the extension - too overvalued targets? Just interested what is it you interpret to send the warnings and what it warns agains? Future risks in summer? Thank you
In a nutshell that the high (real money high not current short term leg) is near/around the corner in equities....

Correlation got short circuit in the last leg sending signals that cash (euro) is not longer following the carry trade in the short term ...

I hope it helps.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,932
  • Apr 13, 2016 8:53am Apr 13, 2016 8:53am
Quoting sisse
{quote} In a nutshell that the high (real money high not current short term leg) is near/around the corner in equities.... Correlation got short circuit in the last leg sending signals that cash (euro) is not longer following the carry trade in the short term ... I hope it helps. sisse
okok, it does, thank you
  • #139,933
  • Apr 13, 2016 9:05am Apr 13, 2016 9:05am
Quoting The Fool
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...
JPM beats, will see if the other banks can follow, will see if Doha can put the oil rally into overdrive...or snuff it out. I was lookin for US equities to rally into Apr opex (this Friday) and maybe into end of month. Any ^VIX dump now a gift for volatility traders eyeing dark clouds in June.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #139,934
  • Apr 13, 2016 9:19am Apr 13, 2016 9:19am
Quoting The Fool
{quote}JPM beats, will see if the other banks can follow, will see if Doha can put the oil rally into overdrive...or snuff it out. I was lookin for US equities to rally into Apr opex (this Friday) and maybe into end of month. Any ^VIX dump now a gift for volatility traders eyeing dark clouds in June.
We are on the same page. Equities rally is intact even better with the next round of inflation news missing expectations (we are in 'bad' news is 'good' news via FED mode in play so). The soft miss in sales will be shake out rather quickly and forgotten by the European close. Eyes on OIL first and later with China as in my view this will be the trigger we need for the extension ...

Sitting tight here in Equities and Commodities so not much to do but manage positions ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,935
  • Apr 13, 2016 9:29am Apr 13, 2016 9:29am
I'm reading this contest too late, but I would be sitting on my hands anyway, shorting from 1.19x or long from 1.39x. But my question is, for sisse, what books would you recommend to read for start in trading and even for advanced traders?
Thank you in advance
  • #139,936
  • Apr 13, 2016 10:54am Apr 13, 2016 10:54am
EURUSD @ 1.128x

zigzag play 1.128x-->1.114x/6x --> 1.149x --> 1.171x
or direct play 1.128x--> 1.149x --> 1.171x

whatever... august air gonna be filled IMO with today's prints
  • #139,937
  • Apr 13, 2016 11:05am Apr 13, 2016 11:05am
Quoting sisse
Uff miss ...watch-out for a continuation down in Dollar... sisse
sisse, with the weak inflation data meaning rates are still on hold, would you expect a retest of last years dollar lows, and hence euro upto 1.15?
  • #139,938
  • Apr 13, 2016 4:21pm Apr 13, 2016 4:21pm
Quoting sisse
For the actual flows, Euro back to key 1.128x for the news. 1.134x holding the opening and European close for a sharp leg to the highs and a test of the 1.15xx handle. Any other scenario[check] unlocks a quick test 1.116x [in play] for this week....
Flop in the headline newsbut Euro easily lost 1.134x without been able to test it after the news. Well done all that play the break down from above. Here, no even remotely a chance to play it...


++++ Quick Call 2++++

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

Current Euro price @ 1.127x (elapsed time 0 days 12 hours)


-> LMT BUY to 1.139x

eborn

build11

primejarvis

chester123

nonlinear

goosebone

Pixie666

glassblower

IMARICH1

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

Quoting TheSwede

-> LMT BUY to 1.139x (Neutral)

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

-> LMT SELL to 1.119x

Pharm0r

mclon

shackleton

monkey@forex

Rockerzeus


Very bearish roll. Bears with more than the upper hand, a soft blow in Asia can be enough to blow another handle ...

----
@IMARICH1 :

-> Your outlook is/was SHORT, you are riding with a cheap ticket, you got a break of a good compression range in favour of your direction and position, you have a theoretical buffer of 100 ticks, Can you explain why and what is your rational to go long?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,939
  • Apr 13, 2016 4:49pm Apr 13, 2016 4:49pm
bears took the upper hand after all even after a round of bad US data nevertheless it had good revisions , tech wise , a monthly retest of 1.122x with closes above is still bullish and that's where am looking for tickets.
Get Rich or Die Tryin
  • #139,940
  • Apr 13, 2016 6:06pm Apr 13, 2016 6:06pm
Quoting sisse
We are on the same page. Equities rally is intact even better with the next round of inflation news missing expectations (we are in 'bad' news is 'good' news via FED mode in play so).
well, we must wonder what & when will be the upper limit for a bull breakout. I have been guessing all year m/l that we could see new SnP ath's in a move thru April and perhaps into May, but May being the limit ahead of the June Brexit referendum & June FOMC combo - a classic "sell in May, go away" scenario....a pump 'n dump.....now with oil trying to rally back into the $50's...won't be a better chance for it until after the US prexy elections. Anyhoo, it won't surprise me to see a 3-4 week solid breakout, if oil will come along, with new SnP highs above 2,150. A dovish Apr FOMC in the last week of the month might buy an extension, possibly even higher, dare we say 2,200? A crummy earnings season coming at us now could spoil the dream, a breakdown in Doha, etc,....never a guarantee. The only thing I am trading with true conviction (Danger!) is June volatility....
"If The Fool persists in his Folly he will become wise." - William Blake
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