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The Really Useless Thread

  • #140,562
  • May 18, 2016 11:25pm May 18, 2016 11:25pm
Quoting sisse
First important update after FED is clear including minutes: -->Changing short term outlook in GOLD from neutral to sell sisse
US Equities out look changed to SELL too, so which one will attract the Risk Flow? Dollar or Yen or ...?
  • #140,563
  • May 19, 2016 5:13am May 19, 2016 5:13am
Quoting sisse
Third update from the FED: --> Changing short term outlook in OIL from Buy to Neutral sisse
Hi sisse, does his mean you are dismissing the extension to 55.xx for the time being
  • #140,564
  • May 19, 2016 5:20am May 19, 2016 5:20am
Quoting The Fool
{quote}This is cuz the Fed has done such a poor job of whatever it is they do, and I blame them, Soros, and Black Obama for the horrible state of the World and the LGBTQ conspiracy and Socialism and high fructose corn syrup. It's a conspiracy! I have been putting together the Amazing FedBot 3000 in my spare time in my garage using Nintendo 64 and Hoover vacuum cleaner parts. Surprisingly lifelike, she will calculate the optimal Federal Funds Rate. Runs on 6 D-size batteries and will also vacuum (of course) and make a mean martini. It's our only...
Very funny.

Also, it's good to see the internet used for its intended purpose: the promulgation of wild and unfounded conspiracy theories. Yours is quite tame compared to some of the stuff I've seen on Forex Factory. You could improve by mentioning the Rothschilds, Israel and ISIS in the same sentence. Great effort, though. I hope to see the FedBot 3000 advertised in the Commercial Section!
  • #140,565
  • Edited 6:24am May 19, 2016 5:35am | Edited 6:24am
All equities looking good for the short, missed the initial short on the asx 200
but have shorted dax, ftse, cac, nasdaq, sp, dj,

This is a big trade for me stops are quite short

I feel we are at current low extremes on equites.
Well short term at least, this opinon is with the help of the fundamental opinions of the educated numbnuts whom we all appreciate.
Wish me luck


Tight lines fellas
  • #140,566
  • May 19, 2016 6:03am May 19, 2016 6:03am
Quoting The Fool
{quote}lol, k bro, mum's the word.....laughin alla way to the bank.....
You just couldn't keep a secret could you? http://www.cnbc.com/2016/05/18/why-l...rate-hike.html
  • #140,567
  • May 19, 2016 8:04am May 19, 2016 8:04am
Eyes on the open with markets digesting the FED. Very little margin of error in US equities. Losing the current lows unlock sharp momentum down as there is little in between the current levels and 1970.xx. More importantly losing 2059.xx on the Week will set the high of this Q (and prolly the year) in Equities.

Expecting grinding the lows on the open but finding buyers via earnings and avoid a panic leg this week ... On the rest of the board all as expected so nothing to see ...

sisse

Quoting nutts
{quote} Hi sisse, does his mean you are dismissing the extension to 55.xx for the time being
No you are getting all wrong ...

i have explained many times ...read this conversation and back track ...there is no less than 3 or 4 similar conversation in the thread about the meaning and implications of outlooks .... here

Quoting sisse
--> An outlook it just shows you the path of least resistance.

--> A [short/mid/long term/etc] change in outlook only means that would be better off trading that side (or both sides) thats all.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,568
  • May 19, 2016 8:17am May 19, 2016 8:17am
Thanks sisse

Cleared up, re-reading and absorbing.
  • #140,569
  • May 19, 2016 11:17am May 19, 2016 11:17am
Quoting goosebone
{quote} You just couldn't keep a secret could you? http://www.cnbc.com/2016/05/18/why-l...rate-hike.html
The most pathetic business news channel .... dont rely on them ....
Re-Incarnated
  • #140,570
  • Edited May 20, 2016 8:09am May 19, 2016 4:27pm | Edited May 20, 2016 8:09am
Quoting sisse
...Expecting grinding the lows on the open but finding buyers via earnings and avoid a panic leg this week...
As expected US equites grinding the lows but finding buyers just on time to avoid a major bread down. 202x.xx quickly tested and rejected but now officially there is nothing else in between a deep cliff and this last support.

Equities barely held but held at the end. From today till the M close is do or die for bulls and as long as they hold .... not much to do so same levels, same trades, same all ...

sisse
Quoting sisse
...+++++Opening table for the 7th Iteration to get in synch with the market short term+++++ --> Question 7: How would you trade the next live short term swing with FED minutes in play? This iteration is a live trading set variation with a proper R:R and simple trailing on first target. It's titled: Did I miss a trend? ...
...Bulls and Neutral out and we had some partial winners from yesterday move. Not much to update since yesterday with Euro struggling to find short term floor flirting with a soft clean sweep before the W close.

++++ Quick Call 7 (update 1) ++++

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

Current Euro price @ 1.120x (elapsed time 1 day 3 hours)

IN


-> LMT BUY 1.129x -> TP1 => 1.135x | TP1 => 1.149x | STP => 1.123x | max r:r -=> 4:1

Earleone

hoom

TuTang


No touch (till W close) | 1.139x or 1.119x | max r:r -=> 4:1

suntan

gazpacho

Fadhl

PAStalker

Vorex

workingforex

eborn


-> LMT SELL 1.129x -> TP1 => 1.123x [check] | TP2 => 1.109x | STP => 1.135x | max r:r -=> 4:1 / 4:0

clayjay

chester123

chronical

IMARICH1

mayafx

goosebone

sanvulture

CommercialB

Oshomac [out 1.123x]


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,571
  • May 19, 2016 7:18pm May 19, 2016 7:18pm
Partial win maybe all the win to be had this time.
  • #140,572
  • May 20, 2016 2:23am May 20, 2016 2:23am
Quoting sisse
As expected US equites grinding the lows but finding buyers just on time
the shit could grind away in a tight range all the way to Jun FOMC....but I rather think oil will rally on increasing demand and pull stocks with it til the end of the month......OPEC mtg maybe a wild card supplier, but we'll see.....I doubt it.....really we need the Brexit angst to kick in...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,573
  • May 20, 2016 7:04am May 20, 2016 7:04am
Very dull sessions across the board since the FED but expecting a shaky US Equities session today. Eyes on S&P 2045.xx for NY to unlock a quick rally to the highs of the week and fight 2059.xx for the close as markets shake out the knee jerk reaction from the Minutes and get ready to close the month next week with 'sell in may' well under way but without breaking down just yet...

On the rest of the board, as widely expected Dollar in full control since the FOMC and aligning to hold the W break back 94.4x leaving Dollar inches away to set the low of this Quarter (and prolly the year) with the M close...

Not much to do until NY decide if we play ball in equities or kill the day rather earlier..... so same levels, same trades, same all ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,574
  • May 20, 2016 7:19am May 20, 2016 7:19am
Quoting goosebone
Partial win maybe all the win to be had this time.
Should I close your position right now then from the contest ?... tricky question on purpose ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,575
  • May 20, 2016 7:31am May 20, 2016 7:31am
Sisse,

If getting out with a partial profit is allowed, then this time, I'd like to go for it.
Thnx
  • #140,576
  • Edited 7:58am May 20, 2016 7:45am | Edited 7:58am
I would not get out. We are in a SELL OUTLOOK.

This thing good tumble any time. We have a good position right now if this move finishes today or even next week. We are only 2 days in so far. Sometimes these moves take a few days and lately some have taken up to 5 days.

I learned before when sisse thru me this carrot that I said I wanted out, after I had profit, and he questioned my judgement when I am in a good position and especially in a SELL OUTLOOK.

Really no news to drive this one way or the other and probably will grind in a small range or so. NEWS in US on THURSDAY in regards to INFLATION so until then EU may stay but some EU news on Wed and Thurs that could push it under .1200 handle until then.

"An outlook it just shows you the path of least resistance."-sisse

This is why I would stay in as we are following a PATH of LEAST RESISTANCE.

Just my 2 cents but I am staying IN!
  • #140,577
  • May 20, 2016 7:54am May 20, 2016 7:54am
Quoting sisse
{quote} For those in the YEN trade 110.xx finally here and I will take that ...clearing final target in UJ in a flawless trade. Well done (i know a few here) that took it from 106.xx ... {quote} On the Euro, 1.123x tested and we have some winners and trailing in the contest. Here, clearing position from last week and trailing the rest in case of a clean quick sweep. More updates coming later as equities are still holding for the closing range .... sisse
Just for my understanding trailing the stop to entry....?
regards
  • #140,578
  • May 20, 2016 8:08am May 20, 2016 8:08am
Quoting Oshomac
Sisse, If getting out with a partial profit is allowed, then this time, I'd like to go for it. Thnx
Oshomac OUT @ 1.123x both targets for a R:R of 1:1... no further comments or opinions if this is good or bad or why / why not until the table is closed ...we'll try to talk about this later in detail after this trade is close...

Quoting mayafx
{quote} Just for my understanding trailing the stop to entry....? regards
I should have thought/explained in more detail how to work out the trailing part ...yes for this iteration but that is a good topic for the next iterations: 'trading management'.

We have discussed a few times in the thread about this. In general is healthier to swing with no less than 3 (2 to a bare extreme minimum) but no more than 5 'positions'/'parts'. As a rule of thumb first you always minimise risk and only then optimise profits.

Broadly speaking first hard stop trail should be theoretically (not necessarily in practice) to the breakeven of the position as a whole which is not the same as the entry level (for example in this iteration should stay at 1.135x because 1.129x - 1.123x = 60 ticks => 1.129x + 60 = 1.135x should be the first trailling as it provides 0 risk in the position as a whole)....we'll try discuss details in a later conversation ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,579
  • May 20, 2016 8:20am May 20, 2016 8:20am
Quoting IMARICH1
I would not get out....
The spoken word is your master, the unspoken word your slave.
  • #140,580
  • Edited 10:50am May 20, 2016 8:29am | Edited 10:50am
Quoting sisse
{quote} Oshomac OUT @ 1.123x both targets for a R:R of 1:1... no further comments or opinions if this is good or bad or why / why not until the table is closed ...we'll try to talk about this later in detail after this trade is close... {quote} I should have thought/explained in more detail how to work out the trailing part ...yes for this iteration but that is a good topic for the next iterations: 'trading management'. We have discussed a few times in the thread about this. In general is healthier to swing with no less than 3 (2 to...
..so for the record is our stop just for this iteration @ entry 1.290 or @ what it should normally be @ 1.350?

EDIT: Ooops ..1.1290 & 1.1350
The spoken word is your master, the unspoken word your slave.
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