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  • #5,101
  • Jul 20, 2016 12:55am Jul 20, 2016 12:55am
spx made a gartley last night as the market closed so didn't take it. It was a shame because it hit it perfectly at exactly the wrong time. Looking for next one.

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It's all about bucks, kid. The rest is conversation.
  • #5,102
  • Jul 20, 2016 1:16am Jul 20, 2016 1:16am
Quoting Mr. Scott
{quote} ​Yes, 90's bit of outlier, you had Greenspan, real estate, tech.... See lot of talk today that ISM has diverged as we are services and less dependent upon manufacturing and data can not accurately capture....since they have zero predictive models, I am not a buyer.
One thing about todays market run is most people say most things are different. Then again they say most times in most bull markets? I hadn't read any of that Scott but I don't know, I confess I haven't really looked much at the ISM till now. Seems to me there has to be something from somewhere that breaks the bulls. I don't know where that swan comes from but I bet China may have something to do with it. I've been taken out of 2 positions in the SPX so far which have had a nice profit on them for a time. The big turns always just seem to ware traders out and then we miss them because we have had enough.

Shorting the index was never meant to be easy.
  • #5,103
  • Jul 20, 2016 1:18am Jul 20, 2016 1:18am
Quoting Lalu
{quote} As it look right now Will look to short the blue boxes {image}
Lets see Ben
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  • #5,104
  • Jul 20, 2016 1:24am Jul 20, 2016 1:24am
Quoting squawk
{quote} Lets see Ben {image}
Yes indeed. Bat hit.

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It's all about bucks, kid. The rest is conversation.
  • #5,105
  • Jul 20, 2016 1:39am Jul 20, 2016 1:39am
Still have 50% in on this position. My buy areas are marked for this pair.

I am keeping an eye on CPI next week as this has been the main indicator for both C Banks for further IR cuts. NZ was lower and they have now sorted out the Property Investing issues I believe that NZ cut is almost certain in the coming months and that the current IR GAP between AUS and NZ will close.

CPI Next week for AUD will be important for August Hike on the Aussie

Following week RBA IR announcement (week prior than NZ) so could cause a spike down.

Following week RBNZ IR announcement

Shorting Kiwi is currently my favored position trade.
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  • #5,106
  • Jul 20, 2016 1:46am Jul 20, 2016 1:46am
You think Boris is having a good first day in the office?????
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  • #5,107
  • Jul 20, 2016 2:07am Jul 20, 2016 2:07am
Quoting Lalu
{quote} Yes indeed. Bat hit. {image}
I've got my eye on 9744/Bat/Deep crab/shark amongst other things.
It's all about bucks, kid. The rest is conversation.
  • #5,108
  • Jul 20, 2016 2:10am Jul 20, 2016 2:10am
Quoting Lalu
{quote} Raise you a gartley. Crab there too. {image}
Closer look

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It's all about bucks, kid. The rest is conversation.
  • #5,109
  • Jul 20, 2016 2:22am Jul 20, 2016 2:22am
Quoting Lalu
{quote} I've got my eye on 9744/Bat/Deep crab/shark amongst other things.
You got some offers there.
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  • #5,110
  • Jul 20, 2016 2:40am Jul 20, 2016 2:40am
Quoting squawk
{quote} You got some offers there. {image}
If the top is in then a trip into the red box would be pretty normal in my book.

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It's all about bucks, kid. The rest is conversation.
  • #5,111
  • Jul 20, 2016 3:59am Jul 20, 2016 3:59am
Quoting Lalu
{quote} If the top is in then a trip into the red box would be pretty normal in my book. {image}
Broke free to challenge next bat. Above is cypher type and alt bat

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  • #5,112
  • Edited 4:50am Jul 20, 2016 4:36am | Edited 4:50am
Quoting Lalu
{quote} Broke free to challenge next bat. Above is cypher type and alt bat {image}
What a classic move. Pure concentrated b@stard. Hit the final destination crab/886 on my chart. A 382 pullback from here would land plumb on the cash open which would be nice if there is any justice in this mad, mad, mad, mad world.

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It's all about bucks, kid. The rest is conversation.
  • #5,113
  • Jul 20, 2016 6:44am Jul 20, 2016 6:44am
Quoting Lalu
{quote} Closer look {image}

​the one from yesterday never did 20 but did 15 three times if I remember....
http://www.forexfactory.com/showthre...20#post9037620

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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,114
  • Jul 20, 2016 10:27am Jul 20, 2016 10:27am
looking for cad bat today, she and antipodean not cooperate..oh well...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,115
  • Jul 20, 2016 5:10pm Jul 20, 2016 5:10pm
Quoting squawk
Still have 50% in on this position. My buy areas are marked for this pair. I am keeping an eye on CPI next week as this has been the main indicator for both C Banks for further IR cuts. NZ was lower and they have now sorted out the Property Investing issues I believe that NZ cut is almost certain in the coming months and that the current IR GAP between AUS and NZ will close. CPI Next week for AUD will be important for August Hike on the Aussie Following week RBA IR announcement (week prior than NZ) so could cause a spike down. Following week RBNZ...


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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,116
  • Jul 20, 2016 7:27pm Jul 20, 2016 7:27pm
Quoting Mr. Scott
{quote} https://youtu.be/bq1f3Hr03fQ
Thanks Scott, I am trying to hold this to 112 so I think anything can happen in the coming weeks with RBA as well. Stll might see the lower levels yet?

This is a pretty certain statement from RBNZ though! I think they have a few cuts left in them yet.

Monetary policy will continue to be accommodative. At this stage it seems likely that further policy easing will be required to ensure that future average inflation settles near the middle of the target range. We will continue to watch closely the emerging economic data.

http://www.rbnz.govt.nz/news/2016/07...conomic-update
  • #5,117
  • Edited 9:18pm Jul 20, 2016 8:56pm | Edited 9:18pm
Quoting squawk
{quote} Thanks Scott, I am trying to hold this to 112 so I think anything can happen in the coming weeks with RBA as well. Stll might see the lower levels yet? This is a pretty certain statement from RBNZ though! I think they have a few cuts left in them yet. Monetary policy will continue to be accommodative. At this stage it seems likely that further policy easing will be required to ensure that future average inflation settles near the middle of the target range. We will continue to watch closely the emerging economic data. http://www.rbnz.govt.nz/news/2016/07...conomic-update...
​
Hi Squawk,

Some thoughts....

Edit: Somehow missed the profile update.


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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,118
  • Jul 21, 2016 12:58am Jul 21, 2016 12:58am
Quoting Mr. Scott
{quote} ​ Hi Squawk, Some thoughts.... Edit: Somehow missed the profile update. https://youtu.be/dezExwB8GCM {image}



Hi Scott I am watching similar. Thinking the CPI number next weak will be a big deal for this A/N pair as bad Aussie CPI number back in April 27th which caused the momentum sell-off. Seems the last spike down by Keys and the RBNZ comments on the housing bubble making it difficult to cut rates on the 7th of this month has been sorted.

I'm all long term bear Kiwi on NC and AN after the last few weeks of comments. Although fancy we will get some pull back on both.
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  • #5,119
  • Jul 21, 2016 1:03am Jul 21, 2016 1:03am
Quoting Lalu
{quote} As it look right now Will look to short the blue boxes {image}
Map worked ok overall. On H4 the crabby 886 is still intact after the late evilness. Let's see if it stays that way.

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It's all about bucks, kid. The rest is conversation.
  • #5,120
  • Jul 21, 2016 1:10am Jul 21, 2016 1:10am
Quoting Lalu
{quote} Closer look {image}
eu - Looks like unfinished business to me

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It's all about bucks, kid. The rest is conversation.
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