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The Really Useless Thread

  • #141,881
  • Jul 15, 2016 5:39am Jul 15, 2016 5:39am
Quoting sisse
Another dull summer European opening completed with nothing new on the market and only more sad news from France. The retarded and cowards striking again. Not much to see or do across the board until NY close the week with a round of reports. Here packing bags for a break in beautiful Croatia running away from the Island in look of some much more needed European good food and weather and as far as possible from the political circus in the UK. Tracking NY before closing shop ... sisse
Enjoy Croatia Sisse - you deserve a break - see if you can rediscover ur sense of humour there LOL

Don't take things so seriously - it's all bollocks anyway - you need to loosen up sometimes - lifes too short mate.
  • #141,882
  • Jul 15, 2016 6:13am Jul 15, 2016 6:13am
Quoting NaughtyPip
{quote} hey tutang do you mind giving me a quick brief explanation of how to draw up mofu levels?
Mofu is the mid area, i'm not expert in mofu just put it on my fibs and start leardning, . Usually ask Gator or Pharmor for the validity of the setup i got. The pic that Chester posted above will show u the exact level so u can put it on ur chart
  • #141,883
  • Jul 15, 2016 6:44am Jul 15, 2016 6:44am
Quoting TuTang
{quote} Mofu is the mid area, i'm not expert in mofu just put it on my fibs and start leardning, . Usually ask Gator or Pharmor for the validity of the setup i got. The pic that Chester posted above will show u the exact level so u can put it on ur chart
thankyou
  • #141,884
  • Jul 15, 2016 7:01am Jul 15, 2016 7:01am
Quoting sisse
Another dull summer European opening completed with nothing new on the market and only more sad news from France. The retarded and cowards striking again. Not much to see or do across the board until NY close the week with a round of reports. Here packing bags for a break in beautiful Croatia running away from the Island in look of some much more needed European good food and weather and as far as possible from the political circus in the UK. Tracking NY before closing shop ... sisse
Where are you going to? I would like to meet you. I'm also in Croatia at this time.
  • #141,885
  • Jul 15, 2016 7:35am Jul 15, 2016 7:35am
the market totally ignored the awful Empire State Manufacturing number....
"Bulls make money, bears make money, pigs get slaughtered"
  • #141,886
  • Jul 15, 2016 7:51am Jul 15, 2016 7:51am
Positive numbers keep holding in the US one more to go and we are pretty much clear for FED July.


Quoting manosk
the market totally ignored the awful Empire State Manufacturing number....
You are looking at a minor report in context.... although manufacturing is expected to start slowling down in Europe (especially in UK) and China by the end of the summer if global economy is to start choking (as its expected Q3/Q4)we are not there yet and China posted better than expected numbers in that front in the morning.

Consumer numbers will close the deal.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,887
  • Jul 15, 2016 8:23am Jul 15, 2016 8:23am
Quoting sisse
Another dull summer European opening completed with nothing new on the market and only more sad news from France. The retarded and cowards striking again. Not much to see or do across the board until NY close the week with a round of reports. Here packing bags for a break in beautiful Croatia running away from the Island in look of some much more needed European good food and weather and as far as possible from the political circus in the UK. Tracking NY before closing shop ... sisse
a well deserved break mate , if you don't mind me asking , would you be posting from time to time to keep us updated while on vacation ?

on another note , I got what I need in cable and eurusd , US numbers align with my expectations which is a good thing for my portfolio management.

tracking the W close for confirmation.
Get Rich or Die Tryin
  • #141,888
  • Jul 15, 2016 9:33am Jul 15, 2016 9:33am
Miss in consumer confidence but nothing out of the trend so far....

...and I will take that in GU. Clearing fresh first short term target on GU on the test 1.327x. Nothing to be excited about so far with such a wild range in Sterling...well done all shorts from 1.34xx handle...

Here starting to clear all short term position for the European close and without further surprises today leaving mid term swings in play in Sterling and Euro.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,889
  • Jul 15, 2016 10:36am Jul 15, 2016 10:36am
...and Europe going home with a rather important bearish close in all European Equities markets. FTSE has its 'minutes' counted and will need a fresh bazooka from the BOE to avoid a imminent sharp correction for the rest of the year. Fading the next test of highs looks a no brainier for the mid term swing and too good to be true ...

Here clearing all positions in European related Equities with DAX and major European bourses less hyperactive (as the free money came from the UK only) and starting to choke at these levels.

ECB has been particularly quiet in the last couple of weeks saving the very little ammunition left in the arsenal in case of major panic later in the year...ears on ECB as soon as Euro losses the 1.10xx handle.

On the rest of the board, nothing to do so far with a timid attempt from the Euro to move away but for now US markets will decide if they clear profits after a major rally break out for the FED July or if we stay in chop zone till the close....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #141,890
  • Jul 18, 2016 7:04am Jul 18, 2016 7:04am
ECB this week, they could ease further but I think - like BOE - they will keep some ammo and wait bad/scary prints from Brexit front to consider any further easing.

Following the same reasoning, I am more expecting something from the FED at the end of the month : it may be harder for them to hike at the end of Q3/Q4 when we will start to spot the consequences of the Brexit and a very probable storm on equities (without even talking about uncertainty coming from US election !). So far, US employment and inflation data and equities ATH make July 2016 a good window to hike. And BOE and ECB status quo (to confirm on thursday for this one) make also the things easier for the FED to hike I think.
  • #141,891
  • Jul 18, 2016 7:47am Jul 18, 2016 7:47am
Quoting Replicant
ECB this week, they could ease further but I think - like BOE - they will keep some ammo and wait bad/scary prints from Brexit front to consider any further easing. Following the same reasoning, I am more expecting something from the FED at the end of the month : it may be harder for them to hike at the end of Q3/Q4 when we will start to spot the consequences of the Brexit and a very probable storm on equities (without even talking about uncertainty coming from US election !). So far, US employment and inflation data and equities ATH make July 2016...
I agree with you
"Bulls make money, bears make money, pigs get slaughtered"
  • #141,892
  • Jul 18, 2016 8:05am Jul 18, 2016 8:05am
I had a dream that sisse was banned.

Why am I dreaming about this place?
  • #141,893
  • Jul 18, 2016 8:26am Jul 18, 2016 8:26am
Quoting Pharm0r
I had a dream that sisse was banned. Why am I dreaming about this place?
Lol. A sad day if that ever happened. My MAP doesn't show that!

I think sisse went to get some time with Croatia! Wishing him all the best!

A shout out to sisse...."and in the rest of board until we see if NY wants to play ball....no break, no shake so same levels, same plays, same all!"

GL to all of you!
  • #141,894
  • Jul 18, 2016 8:54am Jul 18, 2016 8:54am
Quoting Pharm0r
I had a dream that sisse was banned. Why am I dreaming about this place?
Dont think or hope that will happen. He behaves good .

I am dreaming about forex sometimes. Last dream I remember was that I was doing a trade in asian session and I moved the market. I continued and moved more and so on. So was qte sure it was dream at the end . It is interesting how brain work even when we sleep about the things that are of big interest for us.
Trading in the shadow of SM
  • #141,895
  • Jul 18, 2016 9:24am Jul 18, 2016 9:24am
Quoting Pharm0r
I had a dream that sisse was banned. Why am I dreaming about this place?
he went on vacation, I asked if he would post from time to time , unfortunately , he didn't reply !

anyway , if he is to leave this place , there is his twitter account https://twitter.com/sisse_007
Get Rich or Die Tryin
  • #141,896
  • Jul 18, 2016 10:03am Jul 18, 2016 10:03am
Quoting Pharm0r
I had a dream that sisse was banned. Why am I dreaming about this place?
Joke of d year ...
Re-Incarnated
  • #141,897
  • Jul 20, 2016 11:42am Jul 20, 2016 11:42am
lol thread is dead without sisse posting.
  • #141,898
  • Jul 20, 2016 1:12pm Jul 20, 2016 1:12pm
Quoting TuTang
lol thread is dead without sisse posting.
yes, it is however, I would post but there is nothing new so far. so same lvls, same trades as he would say euro finally breaking down but thats nothing unexpected.
  • #141,899
  • Jul 20, 2016 1:28pm Jul 20, 2016 1:28pm
main event we have got is ECB tomorrow.

While the expectations of action are low, I expect some action in EUR pairs tomorrow.

equities grinding ever higher, clearing 2175. is this it? when was the last time we have a proper down day?
  • #141,900
  • Jul 20, 2016 11:51pm Jul 20, 2016 11:51pm
Quoting chester123
{quote} yes, it is however, I would post but there is nothing new so far. so same lvls, same trades as he would say euro finally breaking down but thats nothing unexpected.
ya its true, market has been boring this week. May be some more interesting one with fed
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