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The Really Useless Thread

  • #142,421
  • Aug 17, 2016 9:20am Aug 17, 2016 9:20am
Quoting sisse
Given the good a
FED
1- dovish no hikes this year due to elections/risk due to bond/post brexit envoirnment -> ST outlook - buy
2- maybe a hike in December after the elections as economy going well/ more data on post-Brexit-> ST outlook - neutral (maybe soft buy)
3- hawkish with a possible hike in September with post-Brexit risk after easing & economy in great shape -> ST outlook - sell (probably strong sell)

Euro side still been held by the carry trade..

Expect FED option 2 & AT outlook to remain neutral
  • #142,422
  • Aug 17, 2016 9:31am Aug 17, 2016 9:31am
C. OUTLOOK SELL
  • #142,423
  • Aug 17, 2016 9:53am Aug 17, 2016 9:53am
B. Outlook Is NEUTRAL currently

However, I have positions Short in EU still as you all know from 1080 to .0845 from that time when trade and outlook changed immediately and sisse called it. I wasn't able to get out. Bad MM and I agree with sisse's comments about my Risk Management.

I am short in GU and EU. Was looking at Dollar getting stronger after NFP but it has struggled once again for me.

Goodluck all. Love the conversations here. Thanks again for your time and invaluable teaching!
  • #142,424
  • Aug 17, 2016 9:55am Aug 17, 2016 9:55am
I believe b going into minutes

1. No hikes for sept expected here...maybe dec
2. US elections gearing up
3. Brexit data needs time to sort itself out
  • #142,425
  • Aug 17, 2016 10:00am Aug 17, 2016 10:00am
C.
I am also short, GU and EU . Has lifted off nice positions at the lows for GU not for EU. Short to middle term Permabear . So I am not sure what to choose here B or C. But go for C that is based on the fundamental.
Trading in the shadow of SM
  • #142,426
  • Aug 17, 2016 10:04am Aug 17, 2016 10:04am
b. Outlook NEUTRAL

Outlook is neutral, but we are looking for shorts becouse we are into extreme area (selling above middle area from outside to the middle). If we get more extreme (always possible), we can add some bullets for even cheaper tickets.
PVSRA
  • #142,427
  • Aug 17, 2016 11:21am Aug 17, 2016 11:21am
Quoting sisse
Given the good and healthy conversation triggered in the last few pages. Lets open a bit of different approach for the last 3 iterations. +++++Opening PRE table for the 8th Iteration in the second round to get in synch with the market +++++ -->PRE question 18: Lets take all training wheels for this iteration. What is the outlook in the Euro for the Minutes today: a. Outlook BUY b. Outlook NEUTRAL c. Outlook SELL Inviting all previous participants, good, struggling, amateur & seasoned traders, lurkers, haters and leeches to participate. For the scanning...
C
Do not let the cost of being wrong, exceed the prize of beeing right
  • #142,428
  • Aug 17, 2016 11:29am Aug 17, 2016 11:29am
So Neutral it is. Majority rule. Thanks all.

+++++Opening table for the 8th Iteration in the second round to get in synch with the market +++++


-->Question 18: All 'roses' in the market, everything is fine in the sunny summer, the sky is the limit. How to play the Minutes flows?

This iteration is a live trading set variation with a proper R:R and an outlook defined by FF members. It's titled: "Retrace or Reversal" and its aim to define some basic concept in TA to help recognise a TA retrace or a reversal.

--> Choose your poison ASAP. Any lurkers that want to play/learn with this test feel free to jump in..no middle points no nothing. Winner takes all. Updates will come in later...

2 options for this iteration. No time limit for longs or shorts:

++++Currently EURO is trading 1.126x++++

ITERATION 18

"Retrace or Reversal"


-> LMT BUY 1.124x -> TP1 => 1.134x.x | TP2 => 1.140x | TP3 => 1.154x | STP =>1.114x | max r:r -=> (+)3:1*


-> LMT STP SELL 1.124x -> TP1 => 1.114x | TP2 => 1.108x | TP3 => 1.094x | STP > 1.134x | max r:r -=> (+)3:1*


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,429
  • Aug 17, 2016 11:32am Aug 17, 2016 11:32am
-> LMT STP SELL 1.124x -> TP1 => 1.114x | TP2 => 1.108x.x | TP3 => 1.094x | STP > 1.134x | max r:r -=> (+)3:1*
PVSRA
  • #142,430
  • Aug 17, 2016 11:34am Aug 17, 2016 11:34am
-> LMT STP SELL 1.124x -> TP1 => 1.114x | TP2 => 1.108x.x | TP3 => 1.094x | STP > 1.134x | max r:r -=> (+)3:1*
  • #142,431
  • Aug 17, 2016 11:36am Aug 17, 2016 11:36am
-> LMT STP SELL 1.124x -> TP1 => 1.114x | TP2 => 1.108x | TP3 => 1.094x | STP > 1.134x | max r:r -=> (+)3:1*
Do not let the cost of being wrong, exceed the prize of beeing right
  • #142,432
  • Aug 17, 2016 11:38am Aug 17, 2016 11:38am
Thanks ...the first ones to call are always the hardest .... GL all trading live...

IN

++++Currently EURO is trading 1.126x++++

ITERATION 18

"Retrace or Reversal"


-> LMT BUY 1.124x -> TP1 => 1.134x.x | TP2 => 1.140x | TP3 => 1.154x | STP =>1.114x | max r:r -=> (+)3:1*

DexterMorgan

primejarvis

Fadhl


-> LMT STP SELL 1.124x -> TP1 => 1.114x | TP2 => 1.108x | TP3 => 1.094x | STP > 1.134x | max r:r -=> (+)3:1*

Fisher755

Oshomac

Decima

Pharm0r


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,433
  • Aug 17, 2016 11:41am Aug 17, 2016 11:41am
Quoting sisse
So Neutral it is. Majority rule. Thanks all. +++++Opening table for the 8th Iteration in the second round to get in synch with the market +++++ -->Question 18: All 'roses' in the market, everything is fine in the sunny summer, the sky is the limit. How to play the Minutes flows? This iteration is a live trading set variation with a proper R:R and an outlook defined by FF members. It's titled: "Retrace or Reversal" and its aim to define some basic concept in TA to help recognise a TA retrace or a reversal. --> Choose your poison ASAP. Any lurkers...
Hi Sisse,

Buy please.

Thanks!
  • #142,434
  • Aug 17, 2016 11:42am Aug 17, 2016 11:42am
Sell
  • #142,435
  • Aug 17, 2016 11:43am Aug 17, 2016 11:43am
Limit buy with t/p1 and switch to limit sell with Max t/p3
Re-Incarnated
  • #142,436
  • Aug 17, 2016 11:44am Aug 17, 2016 11:44am
Limit buy!
  • #142,437
  • Aug 17, 2016 11:49am Aug 17, 2016 11:49am
Sell please
  • #142,438
  • Aug 17, 2016 11:49am Aug 17, 2016 11:49am
Buy for me please.
Thank you

-> LMT BUY 1.124x -> TP1 => 1.134x.x | TP2 => 1.140x | TP3 => 1.154x | STP =>1.114x | max r:r -=> (+)3:1*
  • #142,439
  • Aug 17, 2016 11:55am Aug 17, 2016 11:55am
Quoting sisse
So Neutral it is. Majority rule. Thanks all. +++++Opening table for the 8th Iteration in the second round to get in synch with the market +++++ -->Question 18: All 'roses' in the market, everything is fine in the sunny summer, the sky is the limit. How to play the Minutes flows? This iteration is a live trading set variation with a proper R:R and an outlook defined by FF members. It's titled: "Retrace or Reversal" and its aim to define some basic concept in TA to help recognise a TA retrace or a reversal. --> Choose your poison ASAP. Any lurkers...
This is going to be my last short this baby til 1.14

pls put me in LMT SELL 1.124
  • #142,440
  • Edited 12:27pm Aug 17, 2016 11:59am | Edited 12:27pm
I am sitting this one out as I need clarification on the definition of a 'neutral' chart.
See my question: http://www.forexfactory.com/showthre...01#post9088401

To me neutral means 'no FA bias', but if it means something else then my option (LMT BUY or SELL) could be flawed.
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