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The Really Useless Thread

  • #141,401
  • Jun 24, 2016 12:05am Jun 24, 2016 12:05am
WOWW congrats Britain. I have no problems eating the shit sandwhich on that one. I was (hopefully) wrong. Completely wrong. Utterly wrong. Apparently yall have done the unthinkable and actually voted to leave EU.

The question is: will it actually happen?

Certainly should after the voters voted to- but what if they govt says no?

Good luck out there!

That GU move further proved what I was trying to illustrate. I figured 300-500 pip moves if on the wrong side....but over 800!! jeezzzz

Taking the rest of the month off, no reason to even look at the charts or trading until FOMC. As already said, if brexit then consider my bullishness on EU to be completely dead, and it is

Again, congrats to those that voted to leave, you've made your bed- get ready to lie in it!
  • #141,402
  • Jun 24, 2016 12:07am Jun 24, 2016 12:07am
back rather very early in the office for a wild European morning.

..absolute destruction acores the board... Asian Equities losing -10% and ES overnight circuit break .... Europe coming in a few with markets as widely expected in PANIC...good time for a quick update across the board ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,403
  • Jun 24, 2016 12:09am Jun 24, 2016 12:09am
From my heart, thanks Sisse!
  • #141,404
  • Jun 24, 2016 12:13am Jun 24, 2016 12:13am
I'm here sisse. Been waiting on relief but not in this way. This move affects everyone and everywhere. Sad. But, I have to play my position. I'm in at .400x since March. And, .0940 and .0830 side in EU since March. Now, I need to play this move correctly to be able to better position. Waitng on you sisse to give your input into all of this. I know .2100 is unlocked but but not sure how it plays out.
  • #141,405
  • Jun 24, 2016 12:18am Jun 24, 2016 12:18am
Well there are so many checks and super checks after the overnight moves ...just highlighting for the sake of the synch the one on the current flow ...

Quoting sisse
{quote}
--> On the Technical side.

  1. A vote out and lossing 6000.x unlocks the floor and clean sweep with force for a sharp -15% / -20% correction to 4860.x with intermediate stop 5300.x [in play right now]

Quote
--> In Sterling (GU) ..., 1.437x [check] is momentum line to unlock a very very very fast test to the low of the year 1.389x.[check] In case, panic is trigger, the multiyear low will be taken and below is pure AIR with nothing in between [check] until 1.21xx as very ....
Quoting sisse
{quote} => For the actual flows (Euro only)

A clear exit vote will trigger risk off at least. Depending on the following hours it can trigger panic across the financial world for a play 1.142x [super check]-> 1.108x [super check] and if global panic triggers a ext 1.073x [in play]with a intermediate but soft stop at 1.091x [check] all in no time ...
This is for an old conversation with FOOL

Quoting The Fool
..I mentioned "Brexit" to a dozen or so people I work with in the last week - none had heard the word.....
Quoting sisse
{quote} They will know when Global Equities drop 20% on Europe in turmoil ... For real don't underestimate it as it can be the most important play of the year in case of a disaster ...
...

...and now for the real deal in a few with the open in Frankfurt...and London with Sterling trading in a 31 years low !!!! (multi decade low as discussed before)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,406
  • Jun 24, 2016 12:23am Jun 24, 2016 12:23am
I took the day off to follow this. I am looking at closing my position in GU soon as I am sure there will be a bounce or CB intervention. I am in No Mans Land for me. I don't know trust Markets or where PRICE is. I feel a Fade is coming or profit taking before the Digest.
  • #141,407
  • Jun 24, 2016 12:24am Jun 24, 2016 12:24am
Watchout for CBs entering in the picture ... BOE confirming action in a few minutes ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,408
  • Jun 24, 2016 12:28am Jun 24, 2016 12:28am
Quoting IMARICH1
I took the day off to follow this. I am looking at closing my position in GU soon as I am sure there will be a bounce or CB intervention. I am in No Mans Land for me. I don't know trust Markets or where PRICE is. I feel a Fade is coming or profit taking before the Digest.
Yep, take action now man. I've done so a little early but I'd rather take what I have than lose it due to greed. Killed chunks of my account like that before, can't let it happen again.
  • #141,409
  • Jun 24, 2016 12:30am Jun 24, 2016 12:30am
as expected the dominos keep falling one by one like a precook meal ... Scotland about to announce in a few calling a Referendum to leave the UK ...ufff .political disaster coming and wait until the talking heads and politicians wake up in the continent ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,410
  • Jun 24, 2016 12:32am Jun 24, 2016 12:32am
https://en.wikipedia.org/wiki/Spanis...election,_2016

not even been a convo topic but Spain votes on Sunday....not sure if there be any eurosceptic issues to decide there....?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #141,411
  • Jun 24, 2016 12:37am Jun 24, 2016 12:37am
Quoting The Fool
https://en.wikipedia.org/wiki/Spanis...election,_2016 not even been a convo topic but Spain votes on Sunday....not sure if there be any eurosceptic issues to decide there....?
Well the main issue is opening pandoras box from all very extreme sides everywhere in Europe.

Don't forget that the UK was the country with most 'immigrants'[now] living in other EU countries which could trigger a lot of local communities in Spain, Portugal and France especially to start pressuring them to pay foreign taxes and social services and changing housing prices etc etc ...you get the point ..the snowball will only take a few idiots abusing the current circumstances for the wrong reasons...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,412
  • Jun 24, 2016 12:42am Jun 24, 2016 12:42am
...the first reaction comments and info from the City and European early morning markets is rather gloomy ...very very very dark clouds. I am expecting CB intervention as this is set for a clean sweep in Equities on the opening range ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,413
  • Jun 24, 2016 12:44am Jun 24, 2016 12:44am
sisse, please explain. If CB intervenes what does this do for Eu or Gu? I am lookig at closing my position now though.
  • #141,414
  • Jun 24, 2016 12:47am Jun 24, 2016 12:47am
Quoting IMARICH1
sisse, please explain. If CB intervenes what does this do for Eu or Gu? I am lookig at closing my position now though.
lol mate ... what you mean ...we are in panic mode ... nobody knows thats the definition of panic . CB and the government will need to step in if things get out of control. What they will do? well don't know nobody knows but I am sure the contingency plans are well underway in all major banks and CBs across the world.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,415
  • Jun 24, 2016 12:50am Jun 24, 2016 12:50am
I know I'm an idot and should have closed my trade at .3250 but I am still holding. Should I close or wait for .21xx. This is area of trading I have no clue and no business being in. Gu is already back to .3500. Just looking for advice. Thanks.
  • #141,416
  • Jun 24, 2016 12:53am Jun 24, 2016 12:53am
Quoting IMARICH1
I know I'm an idot and should have closed my trade at .3250 but I am still holding. Should I close or wait for .21xx. This is area of trading I have no clue and no business being in. Gu is already back to .3500. Just looking for advice. Thanks.
You are punching above your weight with that trade. You are lost, without a map, without a trading plan and without a clue on how to manage the positions .... if you expect me or anybody help you with that ....you are in deep trouble ...

sorry about that but I wont give you a hint on that one ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,417
  • Jun 24, 2016 12:55am Jun 24, 2016 12:55am
Quoting sisse
{quote} You are punching above your weight with that trade. You are lost, without a map, without a trading plan and without a clue on how to manage the positions .... if you expect me or anybody help you with that ....you are in deep trouble ... sorry about that but I wont give you a hint on that one ... sisse
Never leave home without a map.. We are in deep no mans land now.
"Mrrraggglhlhghghlgh"
  • #141,418
  • Jun 24, 2016 12:59am Jun 24, 2016 12:59am
ok. I agree. I didn't have anything to reference after .350x. I know you said AIR to .21xx. But, I figure a bounce of some sort. My Map showed .35xx and that was it. I don't have an idea past here to .21xx. I don't know if you scale in here or take some off. This is new territory for me. You have gave so much already so I understand. Appreciate all your posts!
  • #141,419
  • Jun 24, 2016 1:05am Jun 24, 2016 1:05am
Well done all shorts. All yours for this move ...

Quoting sisse
.... Question 12: Trading thin markets and jitters. UK vote on sight how would you trade the next legs? ..

++++Currently Euro is trading 1.098x++++

You snooze, you lose


-> LMT STP BUY 1.130x -> TP1 => 1.145x | TP2 => 1.1520 | | TP3 => 1.1750 | STP => 1.125x | max r:r -=> (+)9:1*

chester123

Pharm0r

Pixie666

Fadhl

Replicant

clayjay

kasper

Fisher755

Grinsakh

ptoftangency

LiquidGenius

eborn

glassblower

workingforex

Red Pirate

primejarvis

Vorex

Oshomac


-> LMT STP SELL 1.120x [check] -> TP1 => 1.105x [check] | TP2 => 1.098x [check] | TP3 => 1.075x | STP => 1.125x | max r:r -=> (+)9:1*

goosebone

Earleone

hoom

suntan

More important and in a rate unusual time ....


+++++Opening table for the 3er Iteration in the second round to get in synch with the market short term+++++



--> Question 13: Brexit confirmed panic in the air how would you trade the next legs?

This iteration is a live trading set variation with a proper R:R. It's titled: "Panic" and its aim to introduce trading wide volatility markets and how to take action after major game changer moves

--> Choose your poison ASAP. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all. Updates will come in later...

2 options for this iteration. No time limit for longs or shorts:

++++Currently Euro is trading 1.102x++++

"Panic"


-> LMT BUY 1.102x -> TP1 => 1.122x | TP2 => 1.1420 | STP => 1.092x | max r:r -=> (+)4:1*


-> LMT SELL 1.102x -> TP1 => 1.092x | TP2 => 1.062x | STP => 1.112x | max r:r -=> (+)4:1*


For those around choose your poison time ASAP as markets are wild, I already choose mine ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,420
  • Jun 24, 2016 1:05am Jun 24, 2016 1:05am
1000 point gap in dax. wtf man that is scary.
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