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The Really Useless Thread

  • #141,081
  • Jun 16, 2016 8:44am Jun 16, 2016 8:44am
Quoting IMARICH1
sisse, Re: FTSE.....Why is 590X more relevant over 5870 which is a KEY level I was targeting? I am looking at it from a MONTHLY and WEEKLY chart. Thanks
Is the same area .590 is just the zoom in level in the short term ....its a macro short, mid and long term so don't be a dick for 'tick' applies ...they are big sharks and money around here ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,082
  • Jun 16, 2016 9:10am Jun 16, 2016 9:10am
Quoting sisse
{quote} .... Short term just the crumbs left [check] (to the lows of the 1.40xx handle) that we'll be play or clear last position with the FED ...on the mid term positions we just cleared
...and I will take that in Sterling. For those in the GU trade clearing final target in the short term swing homerun with the fresh test of the 1.40xx handle ....only mid term position open for the Referendum play.

Expecting markets to find foot in the US with Europe going home ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,083
  • Jun 16, 2016 9:20am Jun 16, 2016 9:20am
Sisse: Any views on CAD?
  • #141,084
  • Jun 16, 2016 9:25am Jun 16, 2016 9:25am
Quoting sisse
Most big companies and banks starting to trigger contingency plans for next week and the domino will extend
All my long volatility trades were put on starting months ago, up to the bottom of the ^VIX rout a week or so ago. Now taking some of those off near max profit, have been plowing something back in for the ^VIX reversion, which will be stunning if the Brexit whiffs. I am not all the way in the Pharmor camp, but you have to expect that it will be quite close when it comes down to the fateful day. Anything can happen, so a trader needs to be ready for that.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #141,085
  • Jun 16, 2016 11:07am Jun 16, 2016 11:07am
Quoting The Fool
{quote}All my long volatility trades were put on starting months ago, up to the bottom of the ^VIX rout a week or so ago. Now taking some of those off near max profit, have been plowing something back in for the ^VIX reversion, which will be stunning if the Brexit whiffs. I am not all the way in the Pharmor camp, but you have to expect that it will be quite close when it comes down to the fateful day. Anything can happen, so a trader needs to be ready for that.
it's not so bad
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  • #141,086
  • Edited 12:26pm Jun 16, 2016 12:04pm | Edited 12:26pm
I thought such a games are for third world only!!!
godfathers killed a MP for changing the vote��������
  • #141,087
  • Jun 16, 2016 12:16pm Jun 16, 2016 12:16pm
Sell the rumors buy the facts ..
I am still short and don't think that the sentiment has changed..
Of course I wonder what Sisse thinks?????
  • #141,088
  • Jun 16, 2016 12:36pm Jun 16, 2016 12:36pm
Quoting Pharm0r
it's not so bad
looks peaceful....hey, do you have your camel stump-broke yet?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #141,089
  • Jun 16, 2016 1:54pm Jun 16, 2016 1:54pm
If possible I would have taken the 80-100 pips in profit for long EURUSD. I think this will go south. 1.1280-1.1300 is the area to watch. For me everything points towards this area acting as resistance IF tested..
Do not let the cost of being wrong, exceed the prize of beeing right
  • #141,090
  • Jun 16, 2016 3:47pm Jun 16, 2016 3:47pm
Quoting sisse
{quote} ...and I will take that in Sterling. For those in the GU trade clearing final target in the short term swing homerun with the fresh test of the 1.40xx handle ....only mid term position open for the Referendum play. Expecting markets to find foot in the US with Europe going home .... sisse
As widely expected US markets provided support to avoid a clean sweep across the board. We are aligning to enter in wide chop zone until the clouds are cleared (and major expirations tomorrow) in most markets except Dollar and Sterling and to lesser extend Euro and Yen that will be in the centre of the storm in the next few days ...

A flawless day here with OIL putting the cherry on top with the test $46.xx and that will pretty much make me flat as pancake across all asset classes outside of currencies for a massive Friday close.

On the Fx board, all in perfect synch in all majors with Euro inches away to complete the a textbook perfect and simple zigzag move ... for now nothing to do for the close with same levels, same trades, same all.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,091
  • Edited Jun 17, 2016 7:04am Jun 16, 2016 4:46pm | Edited Jun 17, 2016 7:04am
Back to square one (1.122x) as its always the case when in outlook Neutral. For the newcomers in theses iterations and for those who has ask questions about the flows, this is the whole point of these sets: to get in synch with the short term flows ....

... Longs, Short and Neutral on the money as for today .... Very well done all bulls today for clearing first target. Tomorrow is massive TA day across the board so expecting key positioning taking place that will extend beyond the risk play next week ....

Question 11b coming for Bulls on the European opening .... until then ...

sisse

++++Currently Euro is trading 1.122x++++

Update 2

Risky Rates (Elapsed Time 24 hours 0 days)


-> LMT BUY 1.115x [check] -> TP1 => 1.123x [check] | TP2 => 1.1350 | TP3 => 1.145x | STP => 1.108x | max r:r -=> (+)4:1*

Fadhl

manosk

Earleone

chronical

Pharm0r

Red Pirate

Vorex

ptoftangency

Decima

glassblower


chester123 (TP1 1.117x and reversed long )►►


No touch (for 3 days) TP1| 1.110x or 1.130x and No touch (until noon on UK referendum day) TP2| 1.100x or 1.140x | max r:r => (+) 4:1*

IMARICH1


-> LMT SELL 1.125x [CHECK]-> TP1 => 1.117x[check] | TP2 => 1.105x | TP4 => 1.095x | STP => 1.132x | max r:r -=> (+)4:1*

Grinsakh (out at BE @ 1.125x after TP1)

eborn (out at BE @ 1.125x after TP1)


​chester123 (take TP1 1.117x and reversed long )►►


hoom

clayjay

Pixie666

goosebone

PAStalker

LiquidGenius

dogytrader

Oshomac

suntan

Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,092
  • Jun 16, 2016 4:48pm Jun 16, 2016 4:48pm
Quoting sisse
Back to square one (1.122x) as its always the case when in outlook Neutral. For the newcomers in theses iterations and for those who has ask questions about the flows, this is the whole point of these sets to get in synch with the short term flows .... Buy, Short and Neutral on the money .... Very well done all bulls today for clearing first target. Tomorrow is massive TA day across the board so expecting key positioning taking place that extend beyond the risk play next week .... Question 11b coming for Bulls on the European opening .... until...
with the entry levels you choose "back to 1^n" will be very common in the future too
  • #141,093
  • Jun 16, 2016 5:35pm Jun 16, 2016 5:35pm
Quoting Arshamv
I thought such a games are for third world only!!! godfathers killed a MP for changing the vote��������
Probably better to show some respect by remaining silent, or at least wait some time before engaging in wild and unfounded conspiracy theories.
  • #141,094
  • Jun 16, 2016 10:56pm Jun 16, 2016 10:56pm
"And that's that." No Brexit for you.
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #141,095
  • Jun 16, 2016 10:59pm Jun 16, 2016 10:59pm
Quoting The Fool
"And that's that." No Brexit for you.
"Now go home and get your fucking shine box."

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #141,096
  • Jun 17, 2016 7:15am Jun 17, 2016 7:15am
The below chart shows how IG Group are pricing the risk of Brexit. Following yesterday's news, the odds of the UK remaining within the EU have jumped to 67%. This is pretty much in line with other bookmakers offering odds on the outcome.

Interestingly, as one can see from the chart, even when Leave have taken a lead in the opinion polls, the bookmakers, including IG Group, have always favoured a Remain outcome, pricing the odds of the UK remaining above 55%. I guess this anomaly is based on the assumption that, from using previous referendums as case studies, undecided voters are generally more inclined to retain the status quo coming polling day.

Since focusing on immigration fears, the Leave vote have gained traction. However, following yesterday's events, will Leave campaigners be as vocal on this issue? And, if so, will the electorate respond in the same way? It could well be a more toned down campaign from now until polling day, which favours Remain. The short-term implications on sterling are obvious.

Interesting times.
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  • #141,097
  • Jun 17, 2016 7:23am Jun 17, 2016 7:23am
This link is a useful tool for gauging market expectations on changes to monetary policy by the Federal Reserve. The prices of Fed Funds futures are used to calculate an implied probability of interest rate changes at the coming meetings.

These probabilities and any changes to them, along with moves in 2-year US Treasuries, carry some weight in the market and, therefore, affect sentiment on the dollar.

http://www.cmegroup.com/trading/inte...n-to-fomc.html
  • #141,098
  • Jun 17, 2016 7:32am Jun 17, 2016 7:32am
Pure technical and key session today across most markets. If you don't know exactly what you are doing or looking for is maybe a recommended and good idea to stay out and sidelined for a few days next week. 'Erratic' moves with short hiccup of sharp volatility in between mostly dead markets moves expected from today till next week.

In order of importance things to track for today and very closely:

 

  1. FTSE losing/holding 6000 for the London close
  2. Gold takin 1290 for the W close
  3. Dollar with the key 94.4x that is in play for a coulee of weeks already as its expected with a key long /mid and short term level.
  4. Sterling holding and re re re confirming the key break 1.437x on the W.
  5. US Equities last chance to try to climb (that looks set) and hang on 2097.xx but holding looks very unlikely to say the least for today close
  6. Yen holding the 104.xx to find foot for the last time before main target and in wait of the UK vote to kill the move.

For those trading the Euro last attempt this week to complete the zigzag and take1.129x until Europe goes home failure will pretty much kill the day in chop zone....

Tracking very closely markets today as it will give the last hints TA wise on how markets are positioning or not positioning at all (thin markets and sidelines is prolly the most sensible option) for next week.

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,099
  • Jun 17, 2016 7:46am Jun 17, 2016 7:46am
Quoting gammase1
The below chart shows how IG Group are pricing the risk of Brexit. Following yesterday's news, the odds of the UK remaining within the EU have jumped to 67%. This is pretty much in line with other bookmakers offering odds on the outcome. Interestingly, as one can see from the chart, even when Leave have taken a lead in the opinion polls, the bookmakers, including IG Group, have always favoured a Remain outcome, pricing the odds of the UK remaining above 55%. I guess this anomaly is based on the assumption that, from using previous referendums as...
very nice points gammase. Thanks for that
"Bulls make money, bears make money, pigs get slaughtered"
  • #141,100
  • Jun 17, 2016 7:48am Jun 17, 2016 7:48am
Quoting gammase1
{quote} Probably better to show some respect by remaining silent, or at least wait some time before engaging in wild and unfounded conspiracy theories.
😉respect to whom!!!? to Bastards and Killers???
a kid could understand what and why happen yesterday terror
you can play with your words but everything is clear for everyone
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