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The Really Useless Thread

  • #139,961
  • Apr 17, 2016 5:24pm Apr 17, 2016 5:24pm
Quoting The Fool
I fully expect last summer's highs to be tested in the next month, at least....hh's won't surprise me a tall. Recognize I am trading fully bidirectionally....
we needed oil rally to maintain some momentum, not looking too good with a failed Doha deal...oil sliding back towards $35 will take stocks down....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #139,962
  • Apr 18, 2016 3:19am Apr 18, 2016 3:19am
Quoting Pharm0r
{quote} Looking to load short for EU or long? Seems to me dollar will take a beating this quarter
For the news flow? shorts 1.131x -> 1.118x

Quoting The Fool
{quote}we needed oil rally to maintain some momentum, not looking too good with a failed Doha deal...oil sliding back towards $35 will take stocks down....
European equities struggling after the opening range. DAX losing 10000 will unlock some levels for a quick test down via the flop in DOHA. OIL for a quick test $35.xx naked now...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,963
  • Apr 18, 2016 3:48am Apr 18, 2016 3:48am
Quoting sisse
{quote} For the news flow? shorts 1.131x -> 1.118x {quote} European equities struggling after the opening range. DAX losing 10000 will unlock some levels for a quick test down via the flop in DOHA. OIL for a quick test $35.xx naked now... sisse
Hi s.,

1. on doha: do you understand it as a game changer killing the extension on equities? My view: not a game changer - on US equities extension more bumpy, shallow, 2110 as complete maximum, resk-off sentiment is gonna end the spring trading sooner.

2. can you drop a word on G/U: the compression is getting pretty suspicious. But its kind of early for G/U to break down, isnt it?

Thank you
  • #139,964
  • Apr 18, 2016 4:06am Apr 18, 2016 4:06am
Quoting sisse
OIL for a quick test $35.xx naked now... sisse
now oil traders will be jumping at every tweet until the regular OPEC mtg in 1st week oj June....we'll see if US equities suffer with oil sliding or flatlining...the window for a nice bull run but the clock is ticking...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #139,965
  • Apr 18, 2016 4:12am Apr 18, 2016 4:12am
Bought EU 1.131 its setting up for some upward thrust.
  • #139,966
  • Apr 18, 2016 7:42am Apr 18, 2016 7:42am
Eyes of Euro for the opening range. We filled the gap in US equities before the open so tracking closely the opening range as global equities are aligning for a tradable mini quick correction....

Quoting chester123
{quote} Hi s., 1. on doha: do you understand it as a game changer killing the extension on equities? My view: not a game changer - on US equities extension more bumpy, shallow, 2110 as complete maximum, resk-off sentiment is gonna end the spring trading sooner. 2. can you drop a word on G/U: the compression is getting pretty suspicious. But its kind of early for G/U to break down, isnt it? Thank you
On Doha:

Not game changer. Political posturing (Saudis and Iran) and Bs gossips over rational business and economics. They just delayed for a few months the unavoidable (a sharp readjustment between supply and demand worldwide). Markets will take care to put them back on the table sooner than you expect...there is no much room of manoeuvre.

ON GU:

Nothing to see right now in my taste. It will be on the centre of the storm in the upcoming weeks but for now not interested neither TA or FA. On the shorter term Neutral with the FEB highs wide open for test and a very feeble bottom on the lows ....We are sitting in the flip ... not for my taste ...better bang for the buck and chop everywhere else ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,967
  • Apr 18, 2016 8:00am Apr 18, 2016 8:00am
"For the news flow? shorts 1.131x -> 1.118x"

sisse,

News flow for EUR? Tomorrow's ZEW sentiment? I don't see any major news until Thurs for US (unemployment and Philly Index)

Thanks
  • #139,968
  • Apr 18, 2016 8:18am Apr 18, 2016 8:18am
Quoting IMARICH1
"For the news flow? shorts 1.131x -> 1.118x" sisse, News flow for EUR? Tomorrow's ZEW sentiment? I don't see any major news until Thurs for US (unemployment and Philly Index) Thanks
Doha -> commodities --> dollar ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,969
  • Edited 8:56am Apr 18, 2016 8:34am | Edited 8:56am
is there a previous thread where you talk about trading the opening range? tried to search it but to no avail.... however at little google and Im seeing that trading the opening range consists of watching the range in first 30 minutes of the new session and trading the breakout or current highs and lows to trade the breakout. Is that correct or am I missing something to this? If you have a previous post where you talk about this can you direct me to it please?

Quoting sisse
Eyes of Euro for the opening range. We filled the gap in US equities before the open so tracking closely the opening range as global equities are aligning for a tradable mini quick correction.... {quote} On Doha: Not game changer. Political posturing (Saudis and Iran) and Bs gossips over rational business and economics. They just delayed for a few months the unavoidable (a sharp readjustment between supply and demand worldwide). Markets will take care to put them back on the table sooner than you expect...there is no much room of manoeuvre. ON GU:...
  • #139,970
  • Apr 18, 2016 9:08am Apr 18, 2016 9:08am
Quoting sisse
Eyes of Euro for the opening range. We filled the gap in US equities before the open so tracking closely the opening range as global equities are aligning for a tradable mini quick correction.... {quote} On Doha: Not game changer. Political posturing (Saudis and Iran) and Bs gossips over rational business and economics. They just delayed for a few months the unavoidable (a sharp readjustment between supply and demand worldwide). Markets will take care to put them back on the table sooner than you expect...there is no much room of manoeuvre. ON GU:...
Deal was never meant to happen. US was fiddeling with Saudis to use Iran as excuse if Russia and the rest of non-Opecs agree. Supply clutter is real and with every month as Iran pumps at semi-full force and no deal is actually confirmed Brent will be staying in shorting area. The question is how full the inventories are to swallow current supply that will be hit soon. Inventories are on record full levels but the real question is, how much room there is.
  • #139,971
  • Apr 18, 2016 9:35am Apr 18, 2016 9:35am
lol, judged by the openning range....... in new york they dont give a **** about doha. srsly?
  • #139,972
  • Apr 18, 2016 10:08am Apr 18, 2016 10:08am
Quoting chester123
lol, judged by the openning range....... in new york they dont give a **** about doha. srsly?
maybe "bad news is good news", no hikes, equities run and dollar gets smashed.
  • #139,973
  • Apr 18, 2016 10:15am Apr 18, 2016 10:15am
Quoting janpec1000
Bought EU 1.131 its setting up for some upward thrust.
Banked 20 pips 50%, the rest set for 1347.
  • #139,974
  • Apr 18, 2016 10:15am Apr 18, 2016 10:15am
Strong opening range and back to key decision area. Choose your poison time for US equities for the rest of the month with setting the high of April in play for the next couple of sessions....

Quoting chester123
lol, judged by the openning range....... in new york they dont give a **** about doha. srsly?
Watch out you don't miss the forest for the trees ...

Quoting sisse
S&P 2080.xx is set to hold the W close but we have a mid term in play overriding the current leg and it's inches away to unlock a potential break for ATH before a very grim and dark summer on sight. For now, all levels raised after today's close with 2087/9x as the rain maker for the rest of April.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,975
  • Edited 4:11pm Apr 18, 2016 1:49pm | Edited 4:11pm
Quoting sisse
Strong opening range and back to key decision area. Choose your poison time for US equities for the rest of the month with setting the high of April in play for the next couple of sessions.... {quote} Watch out you don't miss the forest for the trees ... {quote} sisse
haha, i knew you would write that! and you right

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

Pls I have 2 short questions:

1. stupid out off topic Q: is it possible my chart of SP500 is 10 ponits of yours, i.e. your lvl x is x-10 on my chart? Ive had this feeling for long time cuz ur res/sup lvls do not correcpond with mine by 10 points. maybe some problem with my broker (again)? Whats ur ATH on your charts of SP500? Mine is 2133,9... so yours 2144,9?

and now the real problem....

2. u write as reposted by you: "mid term in play overriding the current leg and it's inches away to unlock a potential break for ATH " +++ "Choose your poison time for US equities for the rest of the month"

what does it mean there is "mid term overriding the current leg"? do you mean 2080 is mid term lvl and W close above as given by the extension = short term break of the mid term range opening the ATH short term? The only thing I see is the extension - when an extension of a short term swing on the edge of mid term range gets overriden does it have some impact on the extension? Maybe breaking out of the range mid term/or just giving the extension more force short term?

I thought Im on the same page with you: we are in extension of short term leg; W close above 2080 opens a possible very quick breach of ATH; on short term lvl the extension is a topping set up and future april days open "choose your poison time" for short term reverso - cuz we stay in the range mid term (strong neutral).

But when I read you. I feel like it could be interpreted the other way around

Sorry, I bet im getting kind of annoying
  • #139,976
  • Apr 18, 2016 2:06pm Apr 18, 2016 2:06pm
Quoting chester123
{quote} haha, i knew you would write that! and you right ------------------- Pls I have 3 short questions: 1. out off topic Q: is it possible my chart of SP500 is 10 ponits of yours, i.e. your lvl x is x-10 on my chart? Ive had this feeling for long time cuz ur res/sup lvls do not correcpond with mine by 10 points. maybe some problem with my broker (again)? Whats ur ATH on your charts of SP500? Mine is...
there is sp500 cash and futures
Get Rich or Die Tryin
  • #139,977
  • Apr 18, 2016 2:36pm Apr 18, 2016 2:36pm
Quoting hoom
{quote} there is sp500 cash and futures
ahhh, of course, but still.... I though there is not constant difference of 10 points. and if there is. any idea to which one do his lvls refer to?
  • #139,978
  • Apr 18, 2016 3:31pm Apr 18, 2016 3:31pm
Quoting sisse
Choose your poison time for US equities for the rest of the month with setting the high of April in play for the next couple of sessions....
boy I was faked out by oil today, cost me some $$ on a VIX spread.....crazy shit...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #139,979
  • Apr 18, 2016 4:20pm Apr 18, 2016 4:20pm
Quoting chester123
...
...what does it mean there is "mid term overriding the current leg" ....

2087/9x it is mid term, 2080.xx was short term for the FED/ECB leg ...

...​is it possible my chart of SP500... as Hoom mentioned S&P vs ES.

I use here S&P for reference as most can follow the index in spot. For trading ES and the difference get's narrower before expiration obviously. For charting you can use the index, S&P in CFD (most Forex brokers) or ES front contract for intraday or ES1! (or whatever is the ticker for the continuation feed for ES in your broker)s...whatever you use, you should have the same TA +/- the levels depending the ticker you are using...

Quoting The Fool
{quote}boy I was faked out by oil today, cost me some $$ on a VIX spread.....crazy shit...
I hear you ...we just closed the news gap. Choose your poison time in OIL ...I already chose mine ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #139,980
  • Apr 18, 2016 4:24pm Apr 18, 2016 4:24pm
Quoting sisse
++++ Quick Call 2 [update 2]++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.128x (elapsed time 1 day 12 hours)

++++ Quick Call 2 [update 3]++++

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

Current Euro price @ 1.131x (elapsed time 2 day 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


No surprises in Euro rolling 1.131x as widely expected since the morning. Choose your poison time in Euro too on the roll....for the guys in the exercise no winners so far all still open..

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