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The Really Useless Thread

  • #140,001
  • Apr 20, 2016 11:52am Apr 20, 2016 11:52am
Clean sweep in OIL after the news. It took less than a couple of days to see the true colours from DOHA. $44.xx on sight as originally expected before weekend knee jerk reaction but sadly without me on board for the last leg....

On the rest of the board no surprises, equities slowing grinding the highs trading very overvalue prices in most stocks and sectors and inside of steel long, mid and short term resistance....not interested in buying anymore at this levels. For both FA and TA reasons:

---> Changing mid term outlook in US equities from Buy to Neutral for the foreseeable future.

On the FX board, Dollar starting to form a decent base around key $94.xx but for now nothing new so same levels, same trades, same all ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,002
  • Apr 20, 2016 12:50pm Apr 20, 2016 12:50pm
​Thanks Sisse and All for your insights and contribution! what do you think about Oil price for short term?
  • #140,003
  • Apr 20, 2016 1:08pm Apr 20, 2016 1:08pm
Quoting Fadhl
​Thanks Sisse and All for your insights and contribution! what do you think about Oil price for short term?
m8 next set of stops are around $48.75...that will be 1000 ticks from recent low of $38 post doha low...seems a good place as any to unload
  • #140,004
  • Apr 20, 2016 2:17pm Apr 20, 2016 2:17pm
Quoting sisse
Clean sweep in OIL after the news. It took less than a couple of days to see the true colours from DOHA. $44.xx on sight as originally expected before weekend knee jerk reaction but sadly without me on board for the last leg.... On the rest of the board no surprises, equities slowing grinding the highs trading very overvalue prices in most stocks and sectors and inside of steel long, mid and short term resistance....not interested in buying anymore at this levels. For both FA and TA reasons: ---> Changing mid term outlook in US equities from Buy...
as guessed before I will not be surprised by new spoos ath's in Apr, a few more days like today & we will be there. In oil I have USO ($12) calls, RIG spreads, PBR long ($7 calls) - all put on months ago in hopes of a seasonal rally for wti to $45+ - here we are, most trades have til July to get fat - fingers crossed for a deal or a tweet.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,005
  • Apr 20, 2016 4:20pm Apr 20, 2016 4:20pm
Quoting sisse
{quote} ++++ Quick Call 2 [update 3]++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.136x (elapsed time 3 day 12 hours)...

++++ Quick Call 2 [update 4]++++

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

Current Euro price @ 1.129x (elapsed time 4 day 12 hours)


-> LMT BUY to 1.139x

eborn

build11

primejarvis

Pixie666

glassblower

IMARICH1

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

Quoting TheSwede

-> LMT BUY to 1.139x (Neutral)

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

-> LMT SELL to 1.119x

Pharm0r

mclon

shackleton

monkey@forex

Rockerzeus


Tough luck !!! for the bulls in the contest back to square one. Euro failed by a couple of ticks to clear 1.139x. Surprised? not really not here ...lessons learnt coming in a few for some of the guys above.

For now Euro with a very dangerous close TA wise for ECB tomorrow with only caveat we are trading an inside range and Bulls haven't capitulate yet ...nothing to see until tomorrow...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
  • #140,006
  • Apr 20, 2016 4:25pm Apr 20, 2016 4:25pm
Quoting The Fool
{quote}as guessed before I will not be surprised by new spoos ath's in Apr, a few more days like today & we will be there. In oil I have USO ($12) calls, RIG spreads, PBR long ($7 calls) - all put on months ago in hopes of a seasonal rally for wti to $45+ - here we are, most trades have til July to get fat - fingers crossed for a deal or a tweet.
OIL ($44.xx) and US equities (211x.xx) already completed my targets .... European ones have a a chance for a extension and given the latest numbers .....a push from ECB may do the trick and carry the board ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,007
  • Apr 20, 2016 4:46pm Apr 20, 2016 4:46pm
Quoting sisse
{quote} ++++ Quick Call 2 [update 4]++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.129x (elapsed time 4 day 12 hours) -> LMT BUY to 1.139x eborn build11 primejarvis Pixie666 glassblower IMARICH1 ------------------------------------...
perfect example of why you dont be a prick for a tick
  • #140,008
  • Apr 20, 2016 5:10pm Apr 20, 2016 5:10pm
Quoting sisse
OIL ($44.xx) and US equities (211x.xx) already completed my targets ....
if the Apr FOMC sings dove songs (what else?) it won't surprise me to see spoos approach 2,200 in May. Sometime mid-May maybe the press starts mumbling about Brexit consequences. I don't have any real money on bearish trades until June opex and beyond....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,009
  • Apr 20, 2016 5:56pm Apr 20, 2016 5:56pm
-was- on the long side of the exercise but closed at 1381. I am a dick but not for a tick.
  • #140,010
  • Apr 20, 2016 10:16pm Apr 20, 2016 10:16pm
I posted twice for this exercise that I was out at .1385/.1387. Exercise or not. I Learned lessons along the way. I would be in Neutral place at this point.
  • #140,011
  • Apr 21, 2016 4:48am Apr 21, 2016 4:48am
If we've seen historical highs, I'm positioned

BUND D1:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #140,012
  • Apr 21, 2016 6:09am Apr 21, 2016 6:09am
We are going to blow the tight range in another 2 hours ....
Re-Incarnated
  • #140,013
  • Apr 21, 2016 7:34am Apr 21, 2016 7:34am
Here we go for the conference...not expecting much but all eyes on the comments ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,014
  • Apr 21, 2016 7:37am Apr 21, 2016 7:37am
Philly Index off slightly but still INLINE for growth! Unemployment Numbers were INLINE and slightly better. Rate hike still on in my book. FED does not want to Hike during election in my opinion and make June the better place to Hike. I still say 2 hikes this year.
  • #140,015
  • Apr 21, 2016 7:43am Apr 21, 2016 7:43am
nothing new ...extended low rates for a long time and leaving all the QE and beyond weapons open ...all we already knew ... v. slightly better economic outlook, inflation rates short term expected to dip again but in mid term on target.

That was pretty much it till the questions ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,016
  • Apr 21, 2016 7:46am Apr 21, 2016 7:46am
watch-out 1.139x for the zigzag play with the questions ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,017
  • Apr 21, 2016 7:53am Apr 21, 2016 7:53am
lol...nothing like Draghi angry and telling off German politicians ...je je je ... well said ...

we have a winner in the contest updates coming in a few minutes ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,018
  • Apr 21, 2016 8:17am Apr 21, 2016 8:17am
Conference over ... lots of technicalities from Draghi today it smell fishy but for now back to NY first. Conference pretty much over with questions getting recycled now.


Quoting sisse
{quote} ++++ Quick Call 2 [update 4]++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.129x (elapsed time 4 day 12 hours) ...

Quoting sisse
{quote} ++++ Quick Call 2 [update 3]++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.136x (elapsed time 3 day 12 hours)...

++++ Quick Call 2 [update 5]++++

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

Current Euro price @ 1.139 (elapsed time 5 day 0 hours)


-> LMT BUY to 1.139x

eborn

build11

primejarvis

Pixie666

glassblower

IMARICH1

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

Quoting TheSwede

-> LMT BUY to 1.139x (Neutral)

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

-> LMT SELL to 1.119x

Pharm0r

mclon

shackleton

monkey@forex

Rockerzeus


Well done all bulls !!! Euro finally ticking 1.139x ...wrap up later ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,019
  • Apr 21, 2016 8:18am Apr 21, 2016 8:18am
Well played bulls

I'm hung on Draghi's comments that inflation can turn negative soon
  • #140,020
  • Apr 21, 2016 8:23am Apr 21, 2016 8:23am
sisse,

I answered your questions yesterday and think its a page behind on this thread.

I WON AGAIN. But, I have lost more in not knowing exactly why I WON. I took the LONG from .1290 to .1390 since I didn't want to SELL once I reached my target since we were in OUTCOME:NEUTRAL. This is why I took the trade LONG.

However, you made it sound as if this was the wrong move and I should have HELD my .1390 SHORT once we met the target of .1290. And, the fact this was over-trading by taking the LONG in a NEUTRAL environment.

If possible, maybe you can answer the questions you asked me yesterday and maybe what was to be seen from this second exercise as well. I believe you looked at the .1160 to at least be tested and that didn't before .1390.

Thanks
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