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The Really Useless Thread

  • #141,501
  • Jun 27, 2016 8:48am Jun 27, 2016 8:48am
I have nothing against the British people and their free will to leave the European Union, although personally I firmly disagree.

About british politicians my two cents is they are desperately trying to deceive and subvert the results of referndum with "everything changes and nothing changes."

They hope to be able to handle everything in a very long time, and water down the brexit into new trade agreements that essentially leave things unchanged: in short, want to look good with the result of the referendum but does not assume the consequences (because being poor are not able to manage them and being even more mediocre have not even been able to understand in advance scope and irreversibility, and if they did they shamelessy lied about it).

Not even have realized that this time would not be so easy to swallow the toad to Germans, French and others 25

I hope that once again politicians fail miserably because a long-term limbo is not good for anyone and because we already had greek refendum farce, no need for another one.

Sorry for the political intrusion (and awful english language ), back to trading
  • #141,502
  • Jun 27, 2016 10:11am Jun 27, 2016 10:11am
What do you expect from Draghi in 2:20 min? Ensure investors that all central banks are coordinating for market stability, may be?
  • #141,503
  • Jun 27, 2016 10:59am Jun 27, 2016 10:59am
DAX loosing 9350 and FTSE losing 6000 handle..........

How does this affect EU? Does it increase or decrease the RISK play to .073X?

Still in my GU trade from 1.400X. I should have closed on Friday at .3250 but stayed in and reamed myself big time. This time, price has tested for the RISK play .3200 and and .3100 floor. I have a STOP in place this time if price decides to visit .3500 to .4000 handles again to not loose my capital. I believe, CB, could intervene again if price falls below the 1.300X handle.

My MAP is tuff at this level since it is AIR below here. I see 1.22XX level and then 1.15XX
  • #141,504
  • Jun 27, 2016 12:02pm Jun 27, 2016 12:02pm
Europe going home with Equities (UK and most of the Euro Zone Bourses) hanging literally by the tick for a major break down. Euro, Yen, OIL and today GOLD joining the party in imminent break alerts triggered in almost every single key market. More importantly and what is even a bit more scary all key BOND markets in moves that look rather scary both in the TA and FA wise.

While key politicians scramble to save their asses in all UK political parties, markets keep pushing closer and closer to a sharp leg that will bring a loooooooong 'tail' if it pans out. US markets staying sidelines so far in the Europen mess and as in Friday they will keep moving as collateral of Europe and prolly wont find a hard floor until the short term clouds are cleared from the UK and Europe.

All eyes in ..... England playing the Euros tonight, markets decisively (believe or not) taking a breather until the footy is clear in the next couple of hours ....until then, only the US can raise the bid and allow a new -1/-2% move down extra to catchup with their European counterparts....

sisse

PS: @IMARICH1 ...don't jump the gun with key mid/long term areas with intraday charts ...especially when a key W/M/Q is here in a few sessions
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,505
  • Jun 27, 2016 12:09pm Jun 27, 2016 12:09pm
Fool, remember that time you mentioned I should shift my portfolio to bonds and grab up stocks once we see another correction....

  • #141,506
  • Jun 27, 2016 12:41pm Jun 27, 2016 12:41pm
Quoting Pharm0r
Fool, remember that time you mentioned I should shift my portfolio to bonds and grab up stocks once we see another correction....
Did you? Easier said than done cuz you have to take a stab at picking a top but one thing you can always do is have some dry powder on hand for when the big drops come.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #141,507
  • Jun 27, 2016 1:15pm Jun 27, 2016 1:15pm
...and here we go confirming the unavoidable. The last major major market to join the train. US equities triggering imminent break down in US equities and we have all markets across the world and all asset classes aligned.

--> Last updates from the UK, rating agencies downgrading and cutting ratings across the UK, triggering the next domino from Brexit.

--> The most pathetic outcome of these downgrades is against some of the populist misinformation in the exit campaign...major specialised sources calculate the cost of the increase of interests because of the downgrades in this year alone (hopefully only will last a couple of years) is equivalent of 5 years net contribution of the UK to the EU (lol)....meaning a further downgrade alone will already pass the cost of staying into EU for the next decade and that is just in that small front ...

Whatever the case, business leaders in the uK in major panic and tomorrow are meeting to try to find some answers and certainties from a chicken without a head (good luck with that) ... a flop there and we will keep marching down to complete the short term leg down....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,508
  • Jun 27, 2016 1:21pm Jun 27, 2016 1:21pm
Quoting KGP
{quote} no offense but i dont like theories... i dont know what will happen after the final result thats why i more or less gave my "theory" as to what is going to take place tradingwise btw i have seen firsthand the Greek referendum as i live in greece and i was beforehand saying whatever the vote the "end result" was going to be the same... the only thing that surprised me to be honest was the huge "clear" gap in favor of NO.... i expected a smaller one...
the theorie is becoming truth.at least there are works to make it true with this or that way. the one on the table is revote or make it too long to leave while people forget to left

so,theories is the root of trading fundumental and technical
  • #141,509
  • Jun 27, 2016 1:31pm Jun 27, 2016 1:31pm
Quoting vasily
{quote} the theorie is becoming truth.at least there are works to make it true with this or that way. the one on the table is revote or make it too long to leave while people forget to left so,theories is the root of trading fundumental and technical
ı noticed that @KGP is sitting in the most theorical thread in forex factory but dont like theories.infact @sisse is the best theoriscen in here ı can see
  • #141,510
  • Jun 27, 2016 1:32pm Jun 27, 2016 1:32pm
sisse,

Not looking at intra-day charts really. I am just making sure I preserve my capital as I did not last time as it dropped to .32XX and jumped back to .39XX with CB's. This time I am not taking a chance with my stop positioned 300 pips away now.

EU has crossed over my MID TERM FLIP for my MAP at .106X and key .097X level. These are intra-day levels until Weekly confirms. It would be nice to see a Weekly close under these levels to Confirm a WEEKLY/MONTHLY and Quarterly BEARISH CLOSE.

I need to learn more about capital (scaling in and out) preservation.
  • #141,511
  • Jun 27, 2016 1:42pm Jun 27, 2016 1:42pm
Quoting IMARICH1
... key .097X level. These are intra-day levels ..
Yes that is the rain maker FA, TA wise and only level in play for the Q/M/W/Brexit play ...TA wise if we take it this time with the Q we wont see anything above 1.128x for a long time as the 'dead cat' bounce from March to 1.15xx will be already killed . More importantly a break will unlock in a rather 'very fast' (mid term wise) 0.987x leaving 1.073x as only and last support left before the lows of 2015...

For now since we finished the Brexit knee jerk reaction early on Friday, markets are moving in nice 'slow' moves rather than pure panic which 99.99% of the time signal sustainable trend moves on the making ...

sisse

PS:@vasily what about you and the other so call Russian trolls (maybe they are not from there) promoting commercial accounts in their profiles ...if you don't have anything interesting to say ...please and politely FCK off
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,512
  • Jun 27, 2016 1:57pm Jun 27, 2016 1:57pm
Quoting sisse
{quote} Yes that is the rain maker FA, TA wise and only level in play for the Q/M/W/Brexit play ...TA wise if we take it this time with the Q we wont see anything above 1.128x for a long time as the 'dead cat' bounce from March to 1.15xx will be already killed . More importantly a break will unlock in a rather 'very fast' (mid term wise) 0.987x leaving 1.073x as only and last support left before the lows of 2015... For now since we finished the Brexit knee jerk reaction early on Friday, markets are moving in nice 'slow' moves rather than pure panic...
Hi Sisse, perhaps you should do it like Gator and open your own thread. Then, every time you click "ignore" on somebody, they are no longer allowed to post in that thread. That would be a major improvement to keep things clean for you. Just a friendly tip but you can feel free to keep posting here of course. Cheers Sisse and followers for the continued top quality posts.
  • #141,513
  • Jun 27, 2016 2:06pm Jun 27, 2016 2:06pm
Quoting sisse
{quote} Yes that is the rain maker FA, TA wise and only level in play for the Q/M/W/Brexit play ...TA wise if we take it this time with the Q we wont see anything above 1.128x for a long time as the 'dead cat' bounce from March to 1.15xx will be already killed . More importantly a break will unlock in a rather 'very fast' (mid term wise) 0.987x leaving 1.073x as only and last support left before the lows of 2015... For now since we finished the Brexit knee jerk reaction early on Friday, markets are moving in nice 'slow' moves rather than pure panic...
ı am not promoting any commercial account.ı am not trolling but the side you are good theorician you are rally bad on setting levels

ı dont understand what is fck off

fuck off
phrasal verb of fuck

  1. 1.
    (of a person) go away.

so you ask me to go away,ok you can simply put me your ignore and not read if you want to,great ff forum has a option for that
ı dont see any trolling around here done by me but ı am good at setting levels and ı have good memory ı regocnize once your balck firday chart

anyway ı will keep posting here as soon as ı ignored by the thread starter or if you see me trolling pls contact the moderator

  • #141,514
  • Edited 2:23pm Jun 27, 2016 2:07pm | Edited 2:23pm
Quoting sisse
{quote} PS:@vasily what about you and the other so call Russian trolls (maybe they are not from there) promoting commercial accounts in their profiles ...if you don't have anything interesting to say ...please and politely FCK off
to tease you and hopefully pursue you to jump off this "never ending wagon"... (there is no point getting involved in such a "dispute") the last letter of my nickname is "P" and not "B" ;-)


now lets get serious this whole mess is going to last as long as the "50th" article is called or not and when...

to be honest what i see is just a political shock and politicians messing around with the finance stuff and aspects...

i am eagerly awaiting a comment or something from the NZ side where both its prime minister and RBNZ governor have a sense of rational thinking and SNB (besides the well know "we are watching the markets and intervene if we see it necessary)....

all this brexit saga is not going to last a lot more the way it is now so things should start getting back to "normal" and GBP/EUR (and related crosses) start getting "stronger"... i would like to remind what happened with the scottish ref a "while ago"
  • #141,515
  • Jun 27, 2016 2:28pm Jun 27, 2016 2:28pm
Quoting vasily
{quote} ı am not promoting any commercial account.ı am not trolling but the side you are good theorician you are rally bad on setting levels ı dont understand what is fck off fuck off phrasal verb of fuck 1. (of a person) go away. so you ask me to go away,ok you can simply put me your ignore and not read if you want to,great ff forum has a option for that ı dont see any trolling around here done by me but...
Boy, just go away , you have your own thread , why bother lurking around here , you presence is not appreciated !!
Get Rich or Die Tryin
  • #141,516
  • Edited 2:52pm Jun 27, 2016 2:33pm | Edited 2:52pm
Quoting hoom
{quote} Boy, just go away , you have your own thread , why bother lurking around here , you presence is not appreciated !!
hi hoom


edit: if he ask polite and remove f/ck off, ı leave here polite,if he stay rude and insult ı will spend more time here promise
  • #141,517
  • Jun 27, 2016 3:00pm Jun 27, 2016 3:00pm
Quoting KGP
all this brexit saga is not going to last a lot more the way it is now so things should start getting back to "normal" and GBP/EUR (and related crosses) start getting "stronger"... i would like to remind what happened with the scottish ref a "while ago"
We already cleared the knee jerk reaction. You are talking (and we are currently trading) about the short term leg which i +/- agree with you. However, what is in play is a mid and long term legs....that's what you maybe ignoring in your comments.

--> That's the main issue, Despite the size and importance of the UK and the implications to the EU, the Scottish referendum or Grexit NEVER happened. Meaning we stayed in the same maps that lead to the second point,

--> now we are short-circuiting in all key markets in the inner structure of the UK economy not just in short term speculation. More importantly we already have a confirmed fatality which is Sterling. There is no easy way out of the monster moves we saw for a long time and if things trigger in the mid term, sterling is set for a whole different value range for trading for decades to come...

In simple words, sure the short term leg will start finding bottom as soon as a minimum agreement is trigger and set for article 50 to take place but the REAL impact in the economy and potential contagion to the EU is real, here and it could have major game changer impacts (positive and negative [mostly in Europe] for some) in all financial markets (starting from the most basic FED no hikes this year)

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,518
  • Jun 27, 2016 3:26pm Jun 27, 2016 3:26pm
Quoting sisse
{quote} We already cleared the knee jerk reaction. You are talking (and we are currently trading) about the short term leg which i +/- agree with you. However, what is in play is a mid and long term legs....that's what you maybe ignoring in your comments.

sisse with all the respect i am not very good with mid to long term legs to the point of having them defined with good precision

generally mid to long what i see is markets distorted with "everything" (incl. real money) moving to USD which in return is going to get stronger against everything incl commodities...

the issue is that i dont see a stronger USD lasting thereafter as its going in return make not only "overseas" markets more distorted but the "internal turf" as well
  • #141,519
  • Edited 4:14pm Jun 27, 2016 4:03pm | Edited 4:14pm
Quoting The Fool
{quote}Did you? Easier said than done cuz you have to take a stab at picking a top but one thing you can always do is have some dry powder on hand for when the big drops come.
of course I did. I'm able to realign my portfolio every 30 days if I so choose, so waiting to see how the quarter ends...interesting no rate hikes, but a new big bad wolf to hold equities down...

I still have 20% of my portfolio in equities just in case, but 60% in bonds currently and the rest in a guaranteed income (which is essentially a bond/equity blend but guaranteed payout with a premium)

Will be switching closer to a 50/20/30 with equities leading on the next go around, and probably hold that for quite some time.

Talking my 457
  • #141,520
  • Jun 27, 2016 4:07pm Jun 27, 2016 4:07pm
...and as in the EU, England out of the Euros through the backdoor ...watch-out the mood of the country start getting even gloomier by the day je je je ...

Lots of noise coming tomorrow. Expecting jittery markets with talking heads in full control but more importantly inline or worst than expected US numbers and from the noise in the street some heavy hands in London will pull the plug in the Quarter ....

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