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The Really Useless Thread

  • #140,861
  • Jun 6, 2016 2:55pm Jun 6, 2016 2:55pm
Sell -> LMT SELL 1.137x -> TP1 => 1.127x | STP => 1.142x | max r:r -=> 2:1 Was finally around to catch another one
Peace
  • #140,862
  • Jun 6, 2016 2:58pm Jun 6, 2016 2:58pm
--> Question 10: ECB settle, FED settle, no news on sight how would you trade the next leg?

This iteration is a live trading set variation with a proper and very simple R:R. It's titled: Did I learn anything ? ...

IN

++++Currently Euro is trading 1.137x++++


-> LMT BUY 1.137x -> TP1 => 1.147x | STP => 1.133x | max r:r -=> 2:1


No touch (for 3 days) | 1.133x or 1.142x | max r:r -=> 2:1

chester123

PAStalker (but not in)


-> LMT SELL 1.137x -> TP1 => 1.127x | STP => 1.142x | max r:r -=> 2:1

rk00

build11

Earleone

Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,863
  • Jun 6, 2016 2:58pm Jun 6, 2016 2:58pm
Ok, here we go again.
-> LMT SELL 1.137x -> TP1 => 1.127x | STP => 1.142x | max r:r -=> 2:1
Trading in the shadow of SM
  • #140,864
  • Jun 6, 2016 3:05pm Jun 6, 2016 3:05pm
Sell please
  • #140,865
  • Jun 6, 2016 3:12pm Jun 6, 2016 3:12pm
Outlook in SHORT TERM is Neutral and has not changed and we are in the Center of Range and YOU DON'T TRADE in the CENTER; rather, EXTREMES.

No news until Thurs and Fri. And, not big mover and shaker either.

However, if sisse changed his OUTLOOK to SELL, I would take a SHORT Here.

I would rather not trade anything though with this current outlook and price. If this was live money, I would be sidelined. No trade. I don't need to trade it. Put up the machine gun! But, if I am forced to take a trade for the sake of this exercise this is the best scenario.

No touch (for 3 days) | 1.133x or 1.142x | max r:r -=> 2:1
  • #140,866
  • Jun 6, 2016 3:12pm Jun 6, 2016 3:12pm
I see no potential for sell or buy, not trading this
  • #140,867
  • Jun 6, 2016 3:21pm Jun 6, 2016 3:21pm

No touch (for 3 days) | 1.133x or 1.142x | max r:r -=> 2:1

  • #140,868
  • Jun 6, 2016 3:26pm Jun 6, 2016 3:26pm
Quoting IMARICH1
Outlook in SHORT TERM is Neutral and has not changed and we are in the Center of Range and YOU DON'T TRADE in the CENTER; rather, EXTREMES. No news until Thurs and Fri. And, not big mover and shaker either. However, if sisse changed his OUTLOOK to SELL, I would take a SHORT Here. I would rather not trade anything though with this current outlook and price. If this was live money, I would be sidelined. No trade. I don't need to trade it. Put up the machine gun! But, if I am forced to take a trade for the sake of this exercise this is the best scenario....
However, if sisse changed his OUTLOOK to SELL, I would take a SHORT Here. - on short or mid term you mean?
  • #140,869
  • Edited 4:19pm Jun 6, 2016 3:30pm | Edited 4:19pm
++++SECOND CALL ++++

Where are the perma bulls !!!!...

sisse

--> Question 10: ECB settle, FED settle, no news on sight how would you trade the next leg?

This iteration is a live trading set variation with a proper and very simple R:R. It's titled: Did I learn anything ? ...

IN

++++Currently Euro is trading 1.137x++++


-> LMT BUY 1.137x -> TP1 => 1.147x | STP => 1.133x | max r:r -=> 2:1


No touch (for 3 days) | 1.133x or 1.142x | max r:r -=> 2:1

chester123

Red Pirate

mayafx

PAStalker (but not in)

IMARICH1 (but not in)

eborn (but not in)


-> LMT SELL 1.137x -> TP1 => 1.127x | STP => 1.142x | max r:r -=> 2:1

rk00

build11

Earleone

goosebone

chronical

CommercialB

glassblower


Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,870
  • Jun 6, 2016 3:53pm Jun 6, 2016 3:53pm
Quoting sisse
++++SECOND CALL ++++ Where are the perma bulls !!!!... sisse --> Question 10: ECB settle, FED settle, no news on sight how would you trade the next leg? This iteration is a live trading set variation with a proper and very simple R:R. It's titled: Did I learn anything ? ... IN ++++Currently Euro is trading 1.137x++++ -> LMT BUY 1.137x -> TP1 => 1.147x | STP => 1.133x | max r:r -=> 2:1 No touch (for 3 days) | 1.133x or 1.142x | max r:r -=> 2:1 chester123 Red...
i take no touch
regards
  • #140,871
  • Jun 6, 2016 4:05pm Jun 6, 2016 4:05pm
LMT sell.
Wise decisions are based on lies we living..
  • #140,872
  • Jun 6, 2016 4:11pm Jun 6, 2016 4:11pm
Quoting sisse
++++SECOND CALL ++++ Where are the perma bulls !!!!... sisse --> Question 10: ECB settle, FED settle, no news on sight how would you trade the next leg? This iteration is a live trading set variation with a proper and very simple R:R. It's titled: Did I learn anything ? ... IN ++++Currently Euro is trading 1.137x++++ -> LMT BUY 1.137x -> TP1 => 1.147x | STP => 1.133x | max r:r -=> 2:1 No touch (for 3 days) | 1.133x or 1.142x | max r:r -=> 2:1 chester123 Red...

-> LMT SELL 1.137x -> TP1 => 1.127x | STP => 1.142x | max r:r -=> 2:1


The spoken word is your master, the unspoken word your slave.
  • #140,873
  • Edited 4:26pm Jun 6, 2016 4:12pm | Edited 4:26pm
I'm just back from surgery and HATE that I have missed so much. I am in for SELL please. It's great to be back to my corner in here, though. HELLO to ALL!


reddish area is monthly supply zone
bluish area is monthly demand zone
small red box is a daily supply zone
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 32 KB
  • #140,874
  • Jun 6, 2016 4:17pm Jun 6, 2016 4:17pm
...and we rolled. As expected since Yellen. Euro short-circuited at the intraday highs while US equities grinding the highs but failed to make a break today.

--> More importantly Dollar breached below 94.4x triggering the most important 'choose your poison time' for the rest of the year in the currency board. Choose your poison careful as this will be the make or break for lots of accounts and portfolios in the upcoming weeks....

Short term in a light week Euro in a pure TA setup with 1.128x naked for a quick retrace (but more than prolly the 1.13xx handle is already protected) for the last soft leg up before the FED....

Nothing to see at the current levels, expecting soft and lagger hands to get run before even looking at the Euro at these levels. On the rest of the board Equities playing with fire and somebody will get burnt very soon but like always no break no shake.

Here actively looking for positioning in Gold, Yen and Sterling for the upcoming risk play. Flat but tracking very closely Equities to trip on the highs but we are set to hold and form a cluster fuck till the FED.

GL all trading this week ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #140,875
  • Edited 7:09pm Jun 6, 2016 6:55pm | Edited 7:09pm
Quoting sisse
++++SECOND CALL ++++ Where are the perma bulls !!!!... sisse
I'm here, and in...I'll probably call it an early month right after FED, before brexit vote.

They've prepared everyone for a hike june/july- and that nfp was a curve ball from hell. Expecting a shit storm if FED doesnt follow through (the good kind for me). Don't wanna hold on brexit though. End of june looks like a perfect time for me to kill it, run to the bank with a profitable month, and let the big guys duke it out.

If no june/july hike- then seems to me 2 hikes is off the table and only leaves Q4 open. No way they'd do back to back hikes if june/july don't cut the mustard. Perhaps December when retail picks up....or perhaps the teeny hike last year starts showing an uglier side to the economy...
  • #140,876
  • Jun 6, 2016 7:07pm Jun 6, 2016 7:07pm
Quoting sisse
Here actively looking for positioning in Gold, Yen and Sterling for the upcoming risk play.
Glad you finally mentioned gold Sisse. Gold instruments rallying along with equities makes me suspicious. And what about the FTSE? Aren't they concerned that they could be days away from a major drop in the case of "leave"?

Something doesn't smell right here... and it ain't the salmon.
You reap what you sow.
  • #140,877
  • Jun 6, 2016 9:30pm Jun 6, 2016 9:30pm
Sorry I missed this iteration, I would have gone with a Limit Buy.
  • #140,878
  • Edited 11:12pm Jun 6, 2016 10:30pm | Edited 11:12pm
Quoting NorthTrader
Glad you finally mentioned gold Sisse. Gold instruments rallying along with equities makes me suspicious. And what about the FTSE? Aren't they concerned that they could be days away from a major drop in the case of "leave"? Something doesn't smell right here... and it ain't the salmon.
CB's show over and over again, without fail, that they will "accomodate" the casino markets. They can't do shit to stop deflation or boost employment, but the "investor class" and their "risk capital" will be protected, at any cost. No doubt the Central Bankers have an answer for impending Brexit. Perhaps they will be able to bend the fabric of space-time, such that the vote will occur in another dimension, and nobody will remember anything about it after Jun 23. I can feel myself forgetting already....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #140,879
  • Edited Jun 7, 2016 10:06am Jun 6, 2016 11:47pm | Edited Jun 7, 2016 10:06am
Chester123. Sisse has NOT changed his Short term outlook yet. It's still neutral. His mid term is Sell. Just saying if his short term outlook was SELL that I would Have taken a short.
  • #140,880
  • Jun 7, 2016 2:12am Jun 7, 2016 2:12am
Quoting sisse
Roll play for today in Euro which is perfect timing to open 10th and last iteration in this set to get in synch with the market: +++++Opening table for the 10th Iteration to get in synch with the market short term+++++ --> Question 10: ECB settle, FED settle, no news on sight how would you trade the next leg? This iteration is a live trading set variation with a proper and very simple R:R. It's titled: Did I learn anything ? ... ++++Currently Euro is trading 1.137x++++ --> Choose your poison ASAP for the roll. Any lurkers that want to play/learn...
No touch, thank you
"Bulls make money, bears make money, pigs get slaughtered"
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