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The Really Useless Thread

  • #142,081
  • Jul 28, 2016 5:43pm Jul 28, 2016 5:43pm
...another hammer in the UK via consumer confidence ...and for those stubborn on GJ ..."forward foretold" just lol 300 ticks in 2 minutes up and down ...and that just wiped out all soft hands on the long side in yen triggering the zigzag before even the news....smell fishy...who got the leak?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,082
  • Jul 28, 2016 6:11pm Jul 28, 2016 6:11pm
Quoting sisse
...another hammer in the UK via consumer confidence ...and for those stubborn on GJ ..."forward foretold" just lol 300 ticks in 2 minutes up and down ...and that just wiped out all soft hands on the long side in yen triggering the zigzag before even the news....smell fishy...who got the leak? sisse
yes another hammer for Sterling,
but I dont know why no changes in GU, when it starts droping like a stone?
  • #142,083
  • Jul 28, 2016 6:15pm Jul 28, 2016 6:15pm
Quoting Arshamv
{quote} ...when it starts dropping like a stone?
BOE....

We are in BOJ this week...GU had a monumental game changer blow already ...next one will be capitulation so need CB to do the trick.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,084
  • Jul 28, 2016 6:32pm Jul 28, 2016 6:32pm
The endless story of Japan the last 20yrs repeating itself....they keep doing the same and expecting different results....flop in inflation again...

GL all trading overnight...got what i needed...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,085
  • Jul 28, 2016 11:30pm Jul 28, 2016 11:30pm
Quoting gammase1
{quote} If not now, then it will come soon. The BOJ hold (off the top of my head) 40% of all JGBs - these will never be sold back to the open market, meaning a de-facto monetising of debt has already occurred. Helicopter money will be a more open and upfront way of tackling the dire problems facing their economy. With or without immigration (which is badly needed to offset the dreadful demographics, but to which the Japanese are totally adverse), some serious fiscal expansion is needed to inject some demand into the economy.
It was a miss, only an increase in ETF buying, everything else remained unchanged, they didnt have the balls to do it in the end......
  • #142,086
  • Jul 28, 2016 11:46pm Jul 28, 2016 11:46pm
I don't know much abt fundamentals but I can see history is getting repeated again ... Recession dark clouds are getting darker and bursts are going to be seen in a couple of quarters...
Re-Incarnated
  • #142,087
  • Jul 29, 2016 2:08am Jul 29, 2016 2:08am
...and that was it for the CBs play in the summer. An underwhelming BOJ in the borderline of flop. Coordinate action is clear now, all major CB flopped/soft turning down the heat on global jitters in July. (BOE first, ECB, FED and finally BOJ).

--> Solid numbers from the US in all fronts, slightly positive from EZ both in the core and periphery, a mixed bag from the UK solid before brexit, soft early numbers post, and the never ending comatose Japan in perfect employment but flat as a pancake with deflation and sluggishness slowly eroding their economic sustainability in the future(present).

--> We completed the poker with a rather dull hand. Status quo guarantee in both political and macro numbers as we enter in the peak of the summer. The can was kicked for the autumn while for trading .... same levels, same trades, same all....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,088
  • Jul 29, 2016 2:29am Jul 29, 2016 2:29am
Quoting sisse
=> For the macro flows:
All micro and short term levels will be raised for today play in UJ with 106.4x as only rain maker

  1. Flop on size of QE or in rates, scope and extension [super check] for a direct move 105.5x [check] -> 103.8x [check] and play the zigzag back to 106.4x for the summer.

For those in the yen play. 'Zig' completed from 105.5x with the test and overshoot 103.8x but more importantly is 'choose your poison time' for the 'Zag' with the Asian close, on the rest of the board nothing new, european session will be over with Asia going home.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,089
  • Jul 29, 2016 2:38am Jul 29, 2016 2:38am
Quoting sisse
{quote} For those in the yen play. 'Zig' completed from 105.5x with the test and overshoot 103.8x but more importantly is 'choose your poison time' for the 'Zag' with the Asian close, on the rest of the board nothing new, european session will be over with Asia going home. sisse
That bear 30m bar has set the range at 105.64 and 102.70, fading both extremes can be an option for myself if prices get there.....me think..
trading is simple but is simple is not easy.
  • #142,090
  • Jul 29, 2016 3:21am Jul 29, 2016 3:21am
[quote=sisse;9056375 but more importantly is 'choose your poison time' for the 'Zag' with the Asian close, on the rest of the board nothing new, european session will be over with Asia going home. sisse[/quote]
If we are in the "ZAG" trend, does it matter the time? it will be up (straight forward), am I wrong?
  • #142,091
  • Jul 29, 2016 4:24am Jul 29, 2016 4:24am
...and that was it for the European session. Awful business numbers keep coming in tbe UK. Second major bank reporting troubles (Barclays this time) and property sector stocks getting hammered. We are crossing the point of no return, it will blow very soon without a hand(little more than that) from the BOE.

Odds of BOE bazooka expectations in the next meeting increased by staggering +75% chance for July close. Monthly roll play in Sterling with the European close. While coincidentally Bank stress test results at the same time for the play in Euro.

On Equities, NY will decide if we complete the extension quickly and take profit for the sumner.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,092
  • Jul 29, 2016 4:48am Jul 29, 2016 4:48am
Quoting sisse
...and that was it for the European session. Awful business numbers keep coming in tbe UK. Second major bank reporting troubles (Barclays this time) and property sector stocks getting hammered. We are crossing the point of no return, it will blow very soon without a hand(little more than that) from the BOE. Odds of BOE bazooka expectations in the next meeting increased by staggering +75% chance for July close. Monthly roll play in Sterling with the European close. While coincidentally Bank stress test results at the same time for the play in Euro....
EU struggling a lot for a high but seems not able to it... Waiting for a blow ...
Re-Incarnated
  • #142,093
  • Jul 29, 2016 5:06am Jul 29, 2016 5:06am
Just a thought .. Might see PA back to square one before BOE
Re-Incarnated
  • #142,094
  • Jul 29, 2016 6:38am Jul 29, 2016 6:38am
Just sitting and watching EU not moving a tick ... And guess what on some different forums just seen one guy posting every 3 minutes my levels for this and that ... ...seriously heights of getting followers
Re-Incarnated
  • #142,095
  • Jul 29, 2016 7:52am Jul 29, 2016 7:52am
Strong reminder of reality to the bastards riding the pig on free money from US number.

Eyes on the open as Dollar is caught in the wrog side. Expecting equities to start clearing after Euorpe goes home.

Tracking very closely Euro.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,096
  • Jul 29, 2016 8:12am Jul 29, 2016 8:12am
First and only update from the surprising flop in GDP:

-> Changing short term outlook in Gold back from neutral to soft buy with risk afor the ebb and flow and on high alerts.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,097
  • Jul 29, 2016 8:18am Jul 29, 2016 8:18am
uff...I need to adjust my trades ... USD is feeling the heat .

euro upside levels could be unlocked for N times this year .
Get Rich or Die Tryin
  • #142,098
  • Jul 29, 2016 8:29am Jul 29, 2016 8:29am
Quoting hoom
uff...I need to adjust my trades ... USD is feeling the heat . euro upside levels could be unlocked for N times this year .
Yeap Dollar was caught on the wrong side. NY will prolly softly ride the pig one more time as the boat is fully loaded in Equities.

Whatever the case, very well done to all that rode the current leg in Euro from 1.097x, 200 ticks non stop rally leave no doubt that was a good short term catch. Current highs are obviously naked but now 1.116x is the one and only one (rather unconventional level) to track for the M roll.

Not much to do except wait to see how it pans out. Day is far from over after the short-circuit in key US numbers, flops in all CBs, with Sterling in play on the close and some potential risk news on the Euro later ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,099
  • Jul 29, 2016 8:41am Jul 29, 2016 8:41am
Quoting sisse
{quote} Yeap Dollar was caught on the wrong side. NY will prolly softly ride the pig one more time as the boat is fully loaded in Equities. Whatever the case, very well done to all that rode the current leg in Euro from 1.097x, 200 ticks non stop rally leave no doubt that was a good short term catch. Current highs are obviously naked but now 1.116x is the one and only one (rather unconventional level) to track for the M roll. Not much to do except wait to see how it pans out. Day is far from over after the short-circuit in key US numbers, flops...
Yesterday i told you ... i dont know why i am feelng that it might go high to test the chop higher high ,,, today i got stuck in the middle ,,,,
Re-Incarnated
  • #142,100
  • Jul 29, 2016 9:12am Jul 29, 2016 9:12am
Quoting primejarvis
{quote} Yesterday i told you ... i dont know why i am feelng that it might go high to test the chop higher high ,,, today i got stuck in the middle ,,,,
primejarvis , I know how it feels to lose/get stuck in the wrong side but plz stop flooding the thread with nosense comments !!
Get Rich or Die Tryin
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