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The Really Useless Thread

  • #141,661
  • Jul 4, 2016 6:18pm Jul 4, 2016 6:18pm
brexit actually changed the global financial plan.some financials will leave uk (frankfurt newyork hong kong singapore) .uk looking to lower cooporate tax to 15% stop escape.brexit also hit all plans on rate decisions.world will probably stay with lower rates longer then expected and this will probably move money to relativly safer high yield instruments.no rocket sicience here
  • #141,662
  • Jul 4, 2016 9:19pm Jul 4, 2016 9:19pm
Quoting vasily
brexit actually changed the global financial plan.some financials will leave uk (frankfurt newyork hong kong singapore) .uk looking to lower cooporate tax to 15% stop escape.brexit also hit all plans on rate decisions.world will probably stay with lower rates longer then expected and this will probably move money to relativly safer high yield instruments.no rocket sicience here
Stocks rising under the expectation of free money from both fed and uk. But its only short-term, the underlying problem is that uk economy's long-term view over the next few years is totally off the track. The 10% decreased in £ also hit uk import not just export thus affect those company with heavy export to uk. Financial institutions all over the world with their money and asset flowing through uk will have to relocate somewhere else, this process will take a few month and will be a guaranteed global slow down. The only winner here is bonds and gold. Stock contain too much risk to hold
  • #141,663
  • Jul 4, 2016 9:28pm Jul 4, 2016 9:28pm
Quoting TuTang
{quote} Stocks rising under the expectation of free money from both fed and uk. But its only short-term, the underlying problem is that uk economy's long-term view over the next few years is totally off the track. The 10% decreased in also hit uk import not just export thus affect those company with heavy export to uk. Financial institutions all over the world with their money and asset flowing through uk will have to relocate somewhere else, this process will take a few month and will be a guaranteed global slow down. The only winner here is bonds...
g7 bonds are safest.good but actually with no income.so precious metals and stocks are the safest with higher gain.emerging markets off the table.bond isnt the winner.but as we all know there rules for funds and banks to hold some of their % in bods
  • #141,664
  • Jul 4, 2016 9:37pm Jul 4, 2016 9:37pm
gold did it
jan 20 2016
Quoting vasily
{quote} gold is overlapping at weekly chart.that will end with a fast move possible for both directions.global uncertanty will keep gold as safe port togather with usd.ı dont expect gold weaken more this year.ıam bullish on gold
silver did it
april 12 2016
Quoting vasily
silver medium term 16.90 then 20.00 possible
uk did it
april 30 2016
Attached Image (click to enlarge)
Click to Enlarge Name: qw.png Size: 202 KB



ı amnt magician ı dont make million post but when ı say sometihng pay attention
  • #141,665
  • Jul 4, 2016 9:40pm Jul 4, 2016 9:40pm
aaaaaannnnnnnndddddd a nice trade
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  • #141,666
  • Jul 5, 2016 3:15am Jul 5, 2016 3:15am
Opening range completed but session looks far from over.

--> Strong numbers from the EZ across all fronts but sadly they wont serve as much until the Brexit impact is digested as more than prolly will derail the EZ economy for the rest of the year.

--> More importantly Sterling and Yen on the move and there are literally inches away to fall down the cliff one more time with very bad news keep coming in the UK this time the first major blow in the property sector with one of the largest funds putting a hard stop in the UK markets and key company after company announcing withdrawals or stops of investments until further data... Whatever the case, to say the outlook looks bleak for now will be an understatement.

--> For those on Euro is crunching time with FILL OR KILL in positions. In the rest of the board its just waiting for Sterling and FTSE to lesser extend, to ignite the fireworks so same levels, same trades, same all with all eyes, alerts and trades on the cliff ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,667
  • Jul 5, 2016 3:43am Jul 5, 2016 3:43am
Quoting sisse
Opening range completed but session looks far from over. --> Strong numbers from the EZ across all fronts but sadly they wont serve as much until the Brexit impact is digested as more than prolly will derail the EZ economy for the rest of the year. --> More importantly Sterling and Yen on the move and there are literally inches away to fall down the cliff one more time with very bad news keep coming in the UK this time the first major blow in the property sector with one of the largest funds putting a hard stop in the UK markets and key company...
This is very bleak indeed, particularly so when viewed in combination with yesterday's construction PMI, which fell off a cliff in June, in anticipation of the Brexit vote, to levels not seen since the depths of the credit crisis in 2009. Anecdotally, this fits in with the picture in London, with builders complaining of orders being cancelleEstate Agents reporting asking prices being slashed on houses.

This crisis in confidence is obviously caused by the total uncertainty in the UK at the moment and it is being made worse by Theresa May, the favourite to be the next PM, refusing to guarantee the rights of EU citizens living in the UK.
  • #141,668
  • Jul 5, 2016 3:44am Jul 5, 2016 3:44am
gratz bulls, first target hit and I'm kicked from short=/

-> LMT BUY 1.108x -> TP1 => 1.118x| TP2 => 1.131x | TP3 => 1.141x | STP => 1.0980 | max r:r -=> (+)4:1*

  • #141,669
  • Jul 5, 2016 3:49am Jul 5, 2016 3:49am
Eyes on Sterling imminent panic alerts triggered. BOE is not sitting at the lows guarantee but BOJ and SNB could save the day ...major moves Brexit 2.0 knee jerk reaction if continuation trigger...

sisse

PS: @ Grinsakh I'll update the iterations later ...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,670
  • Jul 5, 2016 4:03am Jul 5, 2016 4:03am
Quoting Ghandi
If the table is still open I will bet on -> No touch 1.118x / 1.098x (till W close)-> TP2 => No touch 1.1280 | 1.088x (till noon NFP) max r:r -=> (+)4:1*
Started to fill for NFP play and shorted at 1.115, targeting the 1.09 low.
  • #141,671
  • Jul 5, 2016 6:57am Jul 5, 2016 6:57am
Quoting Ghandi
{quote} Started to fill for NFP play and shorted at 1.115, targeting the 1.09 low.
Im also holding my shorts from 1,114x mid term. E/U is in decision area on sub-short term lvl. In any case I expect it to continue down to finish the short term leg (NFP as extension? hope so )

P.S.: watching intraday. It seems E/U wants to go up but every G/U micro seloff pushes it back down
  • #141,672
  • Edited 7:28am Jul 5, 2016 7:17am | Edited 7:28am
Sterling barely held in a extremely thin floor in the morning but still holding (not really sure for how long as this look unavoidable) and like always no break, no shake with all markets looking at the European close to see if the Pound capitulation is triggered ...

On the iterations front time for some updates before the next major movers and shakers pan out.

--> Nothing new in iteration 12. All shorts holding for final target and not much to do or see but let it pan out.


++++Currently Euro is trading 1.114x++++

Iteration 12

You snooze, you lose

update1

(Elapsed Time 18 hours 10 days)



-> 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

CommercialB

​
--> In contrast Fadhl still holding alone in iteration 13 against the Brexit sellers above. This will be settle very soon.

Iteration 13

++++Currently Euro is trading 1.114x++++

"Panic"

(Elapsed Time 12 hours 7 days)


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

Fadhl


--> And finally in iteration 14. First very well done to Fadhl, Pixie666, PipJet, Ghandi and glassblower with the Neutral 1.118x / 1.098x first target that panned out perfectly. Well play. On the rest.

Like in all the other iterations 'don't be a dick for a tick' rules applied. So well done to all longs on taking first target manosk, suntan and especially Vorex that took the double TP1 on the test 1.118x.

For shorts. 1.118x barely held but held as expected but now the highs and stops are naked. Fill (for those looking to trade live to get in on the way back) or kill (for those holding shorts from last week play) in play as there is no point of clearing at these levels. For longs opening decision time:

Quoting sisse
======Table Closed Iteration 14 ====== ++++Currently Euro is trading 1.107x++++

====== Iteration 14 ======

++++Currently Euro is trading 1.114x++++

(Elapsed Time 12 hours 5 days)

"Knee jerk reaction or a trend change"


-> LMT BUY 1.108x [check] -> TP1 => 1.118x [check] | TP2 => 1.131x | TP3 => 1.141x | STP => 1.0980 | max r:r -=> (+)4:1*

manosk

suntan

Vorex (double TP1)


-> No touch 1.118x / 1.098x (till W close) [check] -> TP2 => No touch 1.1280 | 1.088x (till noon NFP) max r:r -=> (+)4:1*

Fadhl

Pixie666

PipJet

Ghandi

glassblower


-> LMT SELL 1.108x [check] -> TP1 => 1.098x | TP2 => 1.085x | | TP3 => 1.075x | STP => 1.118x | max r:r -=> (+)4:1*

PAStalker

pmmebids

Earleone

CommercialB

goosebone

chester123

Decima

Replicant

ptoftangency

IMARICH1

hoom

eborn

gazpacho

primejarvis

fxtrader18

realfan

Grinsakh

workingforex


===============OPENING Iteration 14a ==============

++++Currently Euro is trading 1.114x++++

"Knee jerk reaction or a trend change"

ONLY FOR LONGS


-> LMT BUY 1.108x [check] -> TP1 => 1.118x [check] | TP2 => 1.131x | TP3 => 1.141x | STP => 1.0980 | max r:r -=> (+)4:1*

manosk

suntan

Vorex (double TP1)


Before NY opening range how would you manage the position?

a. I am not sure. "Brexit is a mess I better clear all"
b. Nay I stay put for final targets. "Is nothing to see here until NFP"
c. I am more bullish than ever "All brexit is fine and just noise. FED no hikes July is more important" I am topping up longs 1.113x -> for a double TP2
d. "Brexit look awful and risk is around the corner" I changed my mind and I am playing the 'reverso' switching to shorts targets

If you don't reply is assume you stay put...

Standing tables and Q&A and etc later....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,673
  • Jul 5, 2016 7:45am Jul 5, 2016 7:45am
Another fund, this time Aviva, blocks redemptions from its property fund.

http://www.ft.com/cms/s/0/b17b4250-4...#axzz4DQmOxGtu
  • #141,674
  • Jul 5, 2016 7:46am Jul 5, 2016 7:46am
I choose "d" a reversal!
  • #141,675
  • Jul 5, 2016 7:54am Jul 5, 2016 7:54am
Quoting gammase1
Another fund, this time Aviva, blocks redemptions from its property fund. http://www.ft.com/cms/s/0/b17b4250-4...#axzz4DQmOxGtu
Yes its very scary ...things are spreading at stupidly fast pace.... we still don't have a government and our 27 neighbours and major trading partners are v. angry and bloodthirsty.

BOE its the only only keep holding the UK right now but I am not sure if the amount of ammo left will be enough to contain it. It really reminds me of the pre Lehman fiasco times when the dominos start falling one by one without given time to even digest the implications of each ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,676
  • Jul 5, 2016 7:55am Jul 5, 2016 7:55am
Quoting sisse
No touch 1.118x / 1.098x (till W close) [check] -> TP2 => No touch 1.1280 | 1.088x (till noon NFP) max r:r -=> (+)4:1* Fadhl Pixie666 PipJet Ghandi glassblower ->
I stay put in the iteration but in real I play shorts. I use a wider SL than is suggested in the iteration (daily close above 1.119)
  • #141,677
  • Jul 5, 2016 7:58am Jul 5, 2016 7:58am
here we go in Sterling ....tighten your seatbelts ....NY can pull the plug and we may witness a historic Pound capitulation.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,678
  • Jul 5, 2016 8:07am Jul 5, 2016 8:07am
I hit my target, now would like to short

d. "Brexit look awful and risk is around the corner" I changed my mind and I am playing the 'reverso' switching to shorts targets
  • #141,679
  • Edited 9:09am Jul 5, 2016 8:57am | Edited 9:09am
Quoting sisse
here we go in Sterling ....tighten your seatbelts ....NY can pull the plug and we may witness a historic Pound capitulation. sisse
just btw sisse. have you pulled the plug on SP500 short/mid term? my guess? not yet
  • #141,680
  • Jul 5, 2016 9:18am Jul 5, 2016 9:18am
D. for me please!
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