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The Really Useless Thread

  • #140,361
  • May 6, 2016 2:36pm May 6, 2016 2:36pm
Quoting sisse
.... ++++ Quick Call 5 ++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.140x (elapsed time 0 day 0 hours)
Back to square one after 24 hours with Neutral bets holding the upper hand after the flop and bulls holding the NFP flow play but starting to cough at the highs for the swing play....

Not much to say or do at these levels ... final update of the week:

++++ Quick Call 5 (update 1) ++++

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

Current Euro price @ 1.140x (elapsed time 1 day 0 hours)



-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

hoom

gazpacho

yofi

asgcorp

Grinsakh


Neutral neither long or short STP is HIT in 3 trading days | max r:r => 3:1

PAStalker

IMARICH1

eborn

chester123

Vorex

build11


-> LMT SELL 1.140x -> TP1 => 1.132x TP2 => 1.11xx | STP => 1.150x | max r:r -=> 3:1

goosebone

Fadhl

Replicant

Arshamv

CommercialB

suntan

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,362
  • May 8, 2016 10:56am May 8, 2016 10:56am
Quoting Don96
{quote} I'm seeing 1.1390 having a valid 1.181 min for bulls? but after nfp, 1.133x for bears a valid min? leaving 1.126 before a LL still for that same 1.181 min for bulls... if they can take 1.17x Daily and hourly below Not sure on the validity of the 1h chart {image} {image}
Swing on the daily looks too small for me, and without a HH or LL it is less likely to be valid. Draw 1.0822-1.1465 daily, then look at the lowest last chance, and how it coincides with the open/close resistance first few days of March. That's what I like to see for those. The numbers coming out of US the last month or two haven't been stellar, I wouldn't expect the yewrow to drop that low

Not playing hourly, too many bad signals lately. Nothing on EJ, still only USD crosses
  • #140,363
  • May 8, 2016 11:12am May 8, 2016 11:12am
Quoting Pharm0r
{quote} Swing on the daily looks too small for me, and without a HH or LL it is less likely to be valid. Draw 1.0822-1.1465 daily, then look at the lowest last chance, and how it coincides with the open/close resistance first few days of March. That's what I like to see for those. The numbers coming out of US the last month or two haven't been stellar, I wouldn't expect the yewrow to drop that low Not playing hourly, too many bad signals lately. Nothing on EJ, still only USD crosses
1.1104 ish to 1.1180?

I drew it on the 4h from the consecutive green candles on daily, just thought it may have significance and hourly I watch for smaller micro swings, sometimes they prevail. Ill watch it closely, I'm long currently from 1.1390 and 1.1400, stops are at 1.1370, see what happens. cheers

I started doing hourly ones after checking them on GBP/USD - spike down after FOMC to 1.447x then up to 1.466x high produced a beautiful result for bull target
  • #140,364
  • May 8, 2016 11:18am May 8, 2016 11:18am
Quoting Don96
{quote} 1.1104 ish to 1.1180? I drew it on the 4h from the consecutive green candles on daily, just thought it may have significance and hourly I watch for smaller micro swings, sometimes they prevail. Ill watch it closely, I'm long currently from 1.1390 and 1.1400, stops are at 1.1370, see what happens. cheers
My plan is to long 260 pips lower than here provided the macro outlook doesn't change any for the dollar
  • #140,365
  • May 8, 2016 12:03pm May 8, 2016 12:03pm
Quoting Pharm0r
{quote} Swing on the daily looks too small for me, and without a HH or LL it is less likely to be valid. Draw 1.0822-1.1465 daily, then look at the lowest last chance, and how it coincides with the open/close resistance first few days of March. That's what I like to see for those. The numbers coming out of US the last month or two haven't been stellar, I wouldn't expect the yewrow to drop that low Not playing hourly, too many bad signals lately. Nothing on EJ, still only USD crosses
Have you already drawn from 1.08218 to 1.12180?
  • #140,366
  • Edited 10:57am May 9, 2016 4:56am | Edited 10:57am
Does anyone also sees this coming short-term post-NFP bounce in equities as a great way to sell on top of next future risk-off short term leg down coming and forming starting approx 2/2 holf of may till referendum?

I dont think this soft NFP is enough to take previous highs in equities. Will watch the post-NFP bounce for resistance in upper side of the pre-NFP range any comments welcomed

Just some funny chart attached. Lazy day today.
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  • #140,367
  • May 9, 2016 10:43am May 9, 2016 10:43am
What a disgusting and boring day .... No entertainment .. Stuck in the middle of 10-20 pips range ... It seems it is Planning to go drastically one sided ... Let's c who wins bulls or bears ... ?
Re-Incarnated
  • #140,368
  • May 9, 2016 12:41pm May 9, 2016 12:41pm
Boring? Dollar is King to start the week :-)
TE started 6/4/19
  • #140,369
  • May 9, 2016 3:39pm May 9, 2016 3:39pm
Equities barely held but held at the end refusing to leave the table for now. More importantly for today OIL as expected after the poor NFP/ employment numbers round turning around short term and ready for a proper retrace (after losing 44.1x today) as soon as equities fail to push higher this week.

On the Fx board, UJ failed by few ticks to complete main target but a break 108.8x will unlock a rather quick extension (textbook of a short squeeze for those who didn't see tit coming after the rejection 106.xx via DOLLAR) to 110.xx ...

Quoting sisse
++++ Quick Call 5 (update 1) ++++ Small exercise to get in synch with the market in a short swing Current Euro price @ 1.140x (elapsed time 1 day 0 hours)...
Euro flat as a pancake in a very dull day. Neutral calls with a v. strong upper hand for tomorrow but for now no winners yet with bulls choking after the test and rejection of the mid term range highs. ... nothing to see or do here with same levels, same trades, same all...

sisse

++++ Quick Call 5 (update 2) ++++

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

Current Euro price @ 1.138x (elapsed time 2 day 0 hours)



-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

hoom

gazpacho

yofi

asgcorp

Grinsakh


Neutral neither long or short STP is HIT in 3 trading days | max r:r => 3:1

PAStalker

IMARICH1

eborn

chester123

Vorex

build11


-> LMT SELL 1.140x -> TP1 => 1.132x TP2 => 1.11xx | STP => 1.150x | max r:r -=> 3:1

goosebone

Fadhl

Replicant

Arshamv

CommercialB

suntan

Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,370
  • May 9, 2016 4:12pm May 9, 2016 4:12pm
Quoting sisse
Equities barely held but held at the end refusing to leave the table for now. More importantly for today OIL as expected after the poor NFP/ employment numbers round turning around short term and ready for a proper retrace (after losing 44.1x today) as soon as equities fail to push higher this week.
yep it was good to see oil slide even while the oil sands country of Canada is burning - just a drop in the glut bucket, I suppose....and the market looks back at the replacement of Naimi.....OPEC meets in 4 weeks, expectations for something earthshaking are very low, it seems.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,371
  • May 9, 2016 4:32pm May 9, 2016 4:32pm
On G/U: while we all know the FA behind G/U there is interesting technical setup. On H4: just 50% retrace (today close above 50%) of short term swing up + 200 SMA + 61,8 of fibbo fan = just sitting on support. I bet we get rentrace/bounce to 1,463x approx. Will consider shorts there, no longs on G/U in my case
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  • #140,372
  • May 9, 2016 11:16pm May 9, 2016 11:16pm
Hey Guys,
I have a limit on my margin which I can trade up to, however as my position increases in valve my margin increases also which takes me over my margin limit then my CFD provider reduces my position to take me back below my margin limit.
Effectively, I am being punished for having a profitable position!
Provider has told me that all CFD providers do this.
Does this happen with you guys.
Cheers
  • #140,373
  • May 10, 2016 3:02am May 10, 2016 3:02am
...and I will take that ...for those in the UJ clearing main target on the test 108.8x. The handle needs to be taken for a quick short squeeze rally and complete the extension.

Quoting sisse
...Yen starting to get..... (watch-out a rejection of the 106.xx [check] handle) for a soft risk rally in UJ (retrace on the mid and short term leg).
Quoting sisse
On the Fx board, UJ failed by few ticks to complete main target but a break 108.8x [check]... will unlock a rather quick extension (textbook of a short squeeze f
On the rest of the board, European Equities finding foot with DAX flirting to take 10040 to unlock a soft rally for this week that will carry euro as collateral with eyes on 1.141x for NY for a 'last' chance of a NFP rally ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,374
  • May 10, 2016 3:16pm May 10, 2016 3:16pm
Quoting sisse
...and I will take that ...for those in the UJ clearing main target on the test 108.8x. The handle needs to be taken for a quick short squeeze rally and complete the extension. {quote} {quote} On the rest of the board, European Equities finding foot with DAX flirting to take 10040 to unlock a soft rally for this week that will carry euro as collateral with eyes on 1.141x for NY for a 'last' chance of a NFP rally ... sisse
Hello Sisse,Would you be so kind as to comment on my analysis of the question you posed last week regarding TA triggers based on rejection with a (I'm this case) bullish outlook? I think the three in black are closer to support and therfore more valid given the potential r:r. The one in blue less valid given distance to resistance and smaller retrace. Am i in the right ball park??
Attached Image
  • #140,375
  • Edited May 11, 2016 2:05am May 10, 2016 3:24pm | Edited May 11, 2016 2:05am
May have jumped the gun but have chosen my Poison Short S&P, DJ, ASX 200, and FTSE
  • #140,376
  • May 10, 2016 4:27pm May 10, 2016 4:27pm
Quoting sisse
++++ Quick Call 5 (update 2) ++++
....and we have a winner. 3 days completed, compression in volatility, no limits hit.

Very well done PAStalker, IMARICH1, eborn, chester123, Vorex, build11. +$300 has been accredited to your accounts ...standing tables and wrap up coming later for now a special SHOUT to IMARICH1 that has won the traditional 'Best Call of the week' in the thread. For some of the newcomers and/or latecomers for this conversation read the post below and track back posts ...you may get sometimes out of the process...

Quoting IMARICH1
The reason I chose NEUTRAL was due to:

++++ Quick Call 5 (final update) ++++

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

Current Euro price @ 1.138x (TOTAL time 3 day 0 hours)


-> LMT BUY 1.140x -> TP1 => 1.148x TP2 => 1.170x | STP => 1.130x | max r:r -=> 3:1

hoom

gazpacho

yofi

asgcorp

Grinsakh


Neutral neither long or short STP is HIT in 3 trading days | max r:r => 3:1 [check]

PAStalker

IMARICH1

eborn

chester123

Vorex

build11


-> LMT SELL 1.140x -> TP1 => 1.132x TP2 => 1.11xx | STP => 1.150x | max r:r -=> 3:1

goosebone

Fadhl

Replicant

Arshamv

CommercialB

suntan


Quoting littleone
euro as collateral with eyes on 1.141x for NY for a 'last' chance of a NFP rally ...
NY couldn't take 1.141x and Euro in full chop mode this week. For those holding longs from the NFP flow, no point on holding longs for much longer so aggressive trailing for Fill or Kill for the rest of the week as taking the current lows will open soft momentum ...

On the rest of the board, all on track so same levels, same trades, same all....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,377
  • May 11, 2016 3:32am May 11, 2016 3:32am
Watch out for European Equities. Imminent early break up alerts!!!triggered in DAX and CAC. DAX taking 10000 for a test and probably to set the 2016 highs before the summer and as is expected this week it will carry the euro as collateral with it

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,378
  • May 11, 2016 3:48am May 11, 2016 3:48am
Quoting sisse
Watch out for European Equities. Imminent early break up alerts!!!triggered in DAX and CAC. DAX taking 10000 for a test and probably to set the 2016 highs before the summer and as is expected this week it will carry the euro as collateral with it sisse
Let me guess..Risk!

Br
  • #140,379
  • May 11, 2016 3:53am May 11, 2016 3:53am
Quoting sisse
Watch out for European Equities. Imminent early break up alerts!!!triggered in DAX and CAC. DAX taking 10000 for a test and probably to set the 2016 highs before the summer and as is expected this week it will carry the euro as collateral with it sisse
im confused, are u saying dax testing 10,000 before launching soft rally with 2016 year high already set, or are u saying breakdown below 10,000 means dax has already setup high of year...the early break UP bit is confusing as dax seems to be breaking DOWN
  • #140,380
  • May 11, 2016 3:55am May 11, 2016 3:55am
Quoting sisse
Watch out for European Equities. Imminent early break up alerts!!!triggered in DAX and CAC. DAX taking 10000 for a test and probably to set the 2016 highs before the summer and as is expected this week it will carry the euro as collateral with it sisse
same conviction :-)
practising coitus interruptus
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