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The Really Useless Thread

  • #141,261
  • Jun 23, 2016 10:21am Jun 23, 2016 10:21am
Thanks so much for your insights and advice which I will take graciously
  • #141,262
  • Jun 23, 2016 10:24am Jun 23, 2016 10:24am
Quoting PAStalker
{quote} I'm guessing its the flip level for the 2009 lows
I think u gt it right but the answer will be confirmed by sisse ... Whether it's TA or FA ...And cleared all with only one position open with a very systematic stops and tp ... Hope everything goes well for everyoneGl all
Re-Incarnated
  • #141,263
  • Jun 23, 2016 10:32am Jun 23, 2016 10:32am
Sisse , if you're some kind of a billionaire hedge fund , it's time to share with us leaked results of exit polls
Get Rich or Die Tryin
  • #141,264
  • Jun 23, 2016 10:36am Jun 23, 2016 10:36am
Quoting hoom
Sisse , if you're some kind of a billionaire hedge fund , it's time to share with us leaked results of exit polls
Don't know whether sisse is a millionaire or billionaire .... But atleast he is kind hearted person with a very sharp and intelligent mind ...
Re-Incarnated
  • #141,265
  • Jun 23, 2016 10:43am Jun 23, 2016 10:43am
Quoting IMARICH1
-->1. How did you declare on June 20th that the GU closed very bearish when it closed above previous HIGH and was a 373 ticks BULLISH candle? Was it due to it closing a tick below .4700? Or, the fact it didn't power thru the Weekly Highs in this area?
Can I ask you back a question just to tease you:

  1. What do you think are the odds of the current levels being a wick in the W candle and that the W roll around the 20th close? ... i think is the 4th time I ask you this in similar questions....

i will answer your question later when the move plays out. Hopefully i am going to be wrong so it will be easier to explain and for you to understand ...

Quote
-->2. Why is .467X the Rainmaker? I can not find a single TA reason why (looked on all my HIGHER TF CHARTS) so maybe it is a FA one. Thanks!

There were strong TA reasons both from Dollar and Sterling side. Both failed (especially Dollar) to take key support/res.

On the flows side, UK exit started losing ground that day in the polls and expectations by the European close triggering some heavy profit taking from rather large hands (not all) hedging against a vote out. Basically large bastards started to pump up to clear heavy short hedges...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,266
  • Jun 23, 2016 11:50am Jun 23, 2016 11:50am
...take this with a pinch of salt as you can imagine the environment we are trading ...lots of noise in the street of large hedge short term bets on the YEN are 'quietly' clearing as the vote remain seems to be the winner.... Shorts stops staggered above the 105.xx handle ...if it pans out, UJ will squeeze a couple of handles very quickly (+/- 108.xx) leading the board before the results are officially announced...

Eyes on yen as main benchmark for the knee jerk reaction today....

Whatever the case, the play in UJ comes to the other side for the test 100.xx with or without risk. Remain and I will be actively looking or shorts straight away ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,267
  • Jun 23, 2016 11:57am Jun 23, 2016 11:57am
[quote=sisse;8995909]{quote} Can I ask you back a question just to tease you: What do you think are the odds of the current levels being a wick in the W candle and that the W roll around the 20th close? ... i think is the 4th time I ask you this in similar questions.... i will answer your question later when the move plays out.

I have always answered that it is possible and likely. And, every time it has been. Why? Is it because Weekly Highs are set Early or Mid week and profit taking happen later part of WEEK? Why 3 closes below .4700 level followed by a Bear candle and Leg down?
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  • #141,268
  • Jun 23, 2016 12:09pm Jun 23, 2016 12:09pm
Quoting sisse
...take this with a pinch of salt as you can imagine the environment we are trading ...lots of noise in the street of large hedge short term bets on the YEN are 'quietly' clearing as the vote remain seems to be the winner.... Shorts stops staggered above the 105.xx handle ...if it pans out, UJ will squeeze a couple of handles very quickly (+/- 108.xx) leading the board before the results are officially announced... Eyes on yen as main benchmark for the knee jerk reaction today.... Whatever the case, the play in UJ comes to the other side for the...
USDJPY Comment:

I totally agree with that and is the most probable scenario, so it is a good bet to make, even if it turns out wrong. On the long run, there will be more winners than losers with such trade setups.
TA supporting it atm..
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PVSRA
  • #141,269
  • Jun 23, 2016 12:14pm Jun 23, 2016 12:14pm
Quoting IMARICH1
{.... Why? Is it because Weekly Highs are set Early or Mid week and profit taking happen later part of WEEK? Why 3 closes below .4700 level followed by a Bear candle and Leg down? {image}
Two hints:

  1. Yes indeed on the first part. More than early, when you have key or major mid term levels in play. Large hands cannot just clear or load all at once in the ultimate highs/lows. There are too big and they need to do it 'quietly', slowly and never ever in the ultimate high/low.
    ​

    1. As i always tell you only 'suckers' trade to the ultimate tick. The money in trading is not there which exactly the opposite approach of most retail and struggling traders that are always looking to take the perfect to the tick high/low.
    2. Back to the point, always in any market and especially in less liquid ones, large hands will clear way before you can pinpoint in the map. Moreover, if you are stuck in micro charts you will not even noticed while it happens.​


  1. On the second part ...how many times...

     

    1. Check the never ending example sketch of the change in short term outlook that we have used 1 million times already
    2. Whatever and wherever you trade even if its a M5 chart. The best entries (and you should make them as part of your plan despite any TA you use) is let the laggers and 'suckers' go over board and FADE THEM on the way back as entry as they will provide you with the initial momentum when they start covering stops....

​sisse​

Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,270
  • Jun 23, 2016 12:28pm Jun 23, 2016 12:28pm
Quoting sisse
...take this with a pinch of salt as you can imagine the environment we are trading ...lots of noise in the street of large hedge short term bets on the YEN are 'quietly' clearing as the vote remain seems to be the winner.... Shorts stops staggered above the 105.xx handle ...if it pans out, UJ will squeeze a couple of handles very quickly (+/- 108.xx) leading the board before the results are officially announced... Eyes on yen as main benchmark for the knee jerk reaction today.... Whatever the case, the play in UJ comes to the other side for the...
interesting..

I strongly believe large hedge funds are running their own exit polls. of course way early, but let's see. The way the vote is priced in, the rally should be fairly limited, but I fully expect things to go to the moon, starting with equities upon confirmation of Remain.
  • #141,271
  • Edited 12:47pm Jun 23, 2016 12:33pm | Edited 12:47pm
Quoting pmmebids
{quote} interesting.. I strongly believe large hedge funds are running their own exit polls. of course way early, but let's see. The way the vote is priced in, the rally should be fairly limited, but I fully expect things to go to the moon, starting with equities upon confirmation of Remain.
Very much agree.

The contrast between the private 'semi' confidential surveys for investors, the betting companies data and the main media polls for the masses (depending on if they are exit or remain bias obviously) are very (and strangely) very different not only in numbers but in timing ...

Somebody will get it wrong thats for sure ...we'll see in a few ....

Just look at the latest numbers comparing the most (or one of the most) none bias serious sources (the economist) http://www.economist.com/Brexit

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and the betting firms (betfair)...

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Both updated live up to right now to 20:45 BTS. The difference is not large is dramatic ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,272
  • Jun 23, 2016 1:16pm Jun 23, 2016 1:16pm
Quoting sisse
{quote} => For the actual flows (Euro only) All micro levels raised for today as mostly humans will be making decisions in the very very short term. For those still holding positions long is time to start clearing all as the bid and offer is empty and any small sparkle can take even the most conservative stop. No point in holding any short term positions today. Simple and clear maps for the flow: --> Inline with expectations with a clear remain vote winning will pretty much kill all the 'risk' factor from the Euro for the summer unlocking a quick...
Sisse,

First, let me say this was a great first experience. I really enjoyed this exercise and have learned many new things. Rather than hound you with questions, I have spent time reading back over previous exercises and your notes so that I have a better understanding. So, going forward, I'll be participating in discussions.

Secondly, I have cleared all at 1.1414.

I look forward to more exercises and thank you again.
  • #141,273
  • Jun 23, 2016 1:20pm Jun 23, 2016 1:20pm
Quoting Fisher755
{quote} EURUSD Long Trade Update: First TP cleared. Not moving SL yet, becouse even if hit the trade ends up in profits.. 68.2 pips average gain on closed EPs so far. {image}
EURUSD Long Trade Closed:
Closed by mistake, wanted to close some other trade...
80 pips average gain.
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PVSRA
  • #141,274
  • Jun 23, 2016 1:32pm Jun 23, 2016 1:32pm
watchout the YEN UJ taking the 105 handle ...

sisse

PS: ptoftangency ...very well done ...v. good call ....don't be a dick for a tick rules applied..plus you already took 95% of the range and thats a superb and flawless trade under any parameters.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,275
  • Jun 23, 2016 1:44pm Jun 23, 2016 1:44pm
On November 11, 1947, Winston Churchill, then ex-Prime Minister of the United Kingdom, rose to speak at a debate in the House of Commons:

“Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise.

Indeed, it has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time;

but there is the broad feeling in our country that the people should rule, continuously rule, and that public opinion, expressed by all constitutional means, should shape, guide, and control the actions of Ministers who are their servants and not their masters.”

THATS what today is all about
  • #141,276
  • Jun 23, 2016 1:52pm Jun 23, 2016 1:52pm
Rockets getting ready to go ...
Re-Incarnated
  • #141,277
  • Jun 23, 2016 1:54pm Jun 23, 2016 1:54pm
The Collective is Saved! Let the glorious multicultural hoedown begin!
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #141,278
  • Jun 23, 2016 2:01pm Jun 23, 2016 2:01pm
  •  flx
  • | Joined Dec 2008 | Status: Avoid Death by a Thousand Stops | 86 Posts
74 pips the spread os EurAud one minute ago.
What goes around comes around
  • #141,279
  • Jun 23, 2016 2:06pm Jun 23, 2016 2:06pm
https://www.google.co.in/search?q=eu...obile&ie=UTF-8
Re-Incarnated
  • #141,280
  • Jun 23, 2016 2:09pm Jun 23, 2016 2:09pm
all unofficial exits polls confirming the earlier gossip from the UJ front ... remain winning ...

Nothing new so far ...all inline with expectations... without further data from surveys (there are still a few to come in a few) there is no interesting official results until 3AM BTS ...so

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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