The Really Useless Thread

Last time i had a bad feeling ... the same is right now ...

1.13xx is attracting me a lot but wont be a easy ride as it is showing ... if 1.126x is touched it will be a rain maker for early bears .... as brexit was out of the scene for eu zone ... i dont think any/none of the big players where thinking of brexit to be happening in real .... very small trades on going on both direction (live) with tight s/l and t/p... but the map is not good as it seams to be ...

sell please for myself

On Gold. Not really but Via Risk first with or without FED hiking.

On Dollar. DX hasnt taken the level yet but the move is cooking in Europe via Sterling primarily and Euro. We are aligning for a clean sweep in both with bond markets as catalyst for global markets.

sisse

Sell. Macro view is still Sell so I will just add to my position. This is a good position to enter as you sell from the inside out.

We are in neutral short term (check back post) .... does it matter?

sisse

buy

-> LMT SELL 1.118x -> TP1 => 1.098x | TP2 => 1.081x | TP3 => 1.068x | STP => 1.128x | max r:r -=> (+)5:1*

Sell!

In Neutral you sell from the extreme to target. But, we are in Mid and Long term Sell Outlook so I will add to this position. If adding, .1280 would be better in neutral but not being a dick for a pip, I will sell at here and at Flip level. Not believing much above regardless.

Sell please, if it not too late.

Possibly a bit late now but E/U still trading around 1.1190, would go short if possible,

-> LMT SELL 1.118x -> TP1 => 1.098x | TP2 => 1.081x | TP3 => 1.068x | STP => 1.128x | max r:r -=> (+)5:1*

European equities starting to cough at the highs, FTSE as widely expected stalling 687x and is clearing time for those riding the last free money pig. US with the upper hand in equities as we are in manic mode trading air at ATH and the 'moon' is the limit until the trend exhaust itself via risk or profit taking.

--> OIL inherit FA starting to play from this week (we haven't have a play since back in June OPEC) via the Saudis and it will hold as long as Equities hold the last free money break (41.1x to complete the leg to 44.xx handle) but we are aligning to trade and close around $35.xx for the fall.

-->on the FX board, RBNZ joining the CB party. CB across the world going insane with loose monetary policy. Last coordinated action was back in 2009 with the global economy in free fall, equities were -50% from its peak now we are +238% up from the bottom, interest rates were averaging 5% now averaging 0%, inflation was nearly 3.5% in average now we are in the border line with deflation in average, unemployment was three fold of current levels flirting with historical highs, now we are nearly on full employment, and the list go on...

--> This is going to end up very bad. The limit was early this year but CB not only has not stop free money but has gone even further (in some cases out of desperation given the circumstances like UK and Japan). CB overextended, abuse and overuse monetary policy with nearly 0 impact in the last few months except for financial markets that just smartly ride the pig on free money ....

IMO we already crossed the line of no return from a strictly Macroeconomic perspective. The damage in the bond markets is notorious now, its not about if anylonger but when .... a ticking bomb for the rest of the year....

sisse

====== =========

Thanks all. A very unbalance table. A quick reminder we are in Neutral short term. Can you spot the flip? ....we'll discuss later for now:

++++TABLE CLOSED++++

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

"THE FLIP"

Iteration 17

-> LMT BUY 1.118x -> TP1 => 1.138x | TP2 => 1.145x | | TP3 => 1.168x | STP => 1.108x | max r:r -=> (+)5:1*

goosebone

DexterMorgan

Ghandi

primejarvis

NorthTrader

Grinsakh

-> LMT SELL 1.118x -> TP1 => 1.098x | TP2 => 1.081x | TP3 => 1.068x | STP => 1.128x | max r:r -=> (+)5:1*

Fisher755

fxtrader18

Pharm0r

clayey

Earleone

CableFx1

Fadhl

manosk

Oshomac

mayafx

eborn

matkooo2575

Replicant

yofi

Vorex

TuTang

mrcreosote

glassblower

IMARICH1

ptoftangency

ExForX

Xemat

CommercialB

suntan

[quote=sisse;9078616] A very unbalance table.


hahahahah will see who wins the war .... gl all

St flip=1160?

I think the current flip is 1.123x as I think it will be the area for the FOMC minutes if US data is inline until then..& it was in that area for may 18th minutes before Brexit took over..its one of the reasons I wanted to stay out of this iteration(buy or sell close to the flip in short-term neutral)

sisse..another reason for staying out is when & how does bonds be factored into participants expectations for euro/usd ?

Don't know much about bonds..this is all I could dig up about CBs & bonds..dollarsandsense..&..how CB policies have been disrupted..QE dilemma

Is it that if CBs can't buy government bonds, they can't keep the interest rates down?

The flip in my view is 1.1168.

To be honest, I have no idea what a flip is or how to spot it.
According to Investopedia :

On 4h I will say the flip is at the breakdown of the flag and the fib at 1.1162 level.

We are playing Day chart Flip. Give or take few pips.

Thought that looked better at 1190. I can see the 1160 too though. So it's more a matter of which time frame you are working with. Starting to understand it I think. Thanks