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The Really Useless Thread

  • #142,701
  • Aug 26, 2016 9:04am Aug 26, 2016 9:04am
Hawkish on the macro front. inflation ok, higher interest rates than expected in the long term, risk on sight later this year and first mention of the needs FISCAL policies ...

Soft hawkish in general but very positive on the macro outlook on the initial reaction. Watchout for Euro 1.116x before taking the real decision ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,702
  • Aug 26, 2016 9:08am Aug 26, 2016 9:08am
Quick update in iteration 19, stochastic short triggered at 1.128x .... Europe going home could trigger an extended move ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,703
  • Aug 26, 2016 9:11am Aug 26, 2016 9:11am
First update of the FED

--> Confirming mid term outlook in Dollar in solid Buy.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,704
  • Aug 26, 2016 9:17am Aug 26, 2016 9:17am
Second update from the FED

-> Changing back mid term outlook in Yen (UJ) to Neutral.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,705
  • Aug 26, 2016 9:21am Aug 26, 2016 9:21am
...and finally on the iteration 19 front we have price entry long in play .... we'll wrap it up later with a proper update once we clear the knee jerk reaction ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,706
  • Aug 26, 2016 9:30am Aug 26, 2016 9:30am
Quoting Earleone
{quote} I will also add that the hedge is partly ( approximately 25% ) So if wrong my DD in Eur/Usd and gbpusd will still be painful , but not as painful as if unhedged , if I get it on gold I dont think it will hurt my account.
Cleared the gold hedge in nice profit just below the fib 50 at 1340 level. Nice shakeout in play . Lets see later if it was smart or not to take out the hedge.
Trading in the shadow of SM
  • #142,707
  • Aug 26, 2016 9:52am Aug 26, 2016 9:52am
Quoting Earleone
{quote} Cleared the gold hedge in nice profit just below the fib 50 at 1340 level. Nice shakeout in play . Lets see later if it was smart or not to take out the hedge.
nicely done my friend.
"Bulls make money, bears make money, pigs get slaughtered"
  • #142,708
  • Aug 26, 2016 10:33am Aug 26, 2016 10:33am
Europe going home ...watch-out for the extended moves with Euro tripping 1.124x as there is lots of momentum below. Yen (UJ) already 100.7x for the play....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,709
  • Aug 26, 2016 10:54am Aug 26, 2016 10:54am
oooops
  • #142,710
  • Aug 26, 2016 11:03am Aug 26, 2016 11:03am
No surprises in the Euro so far a quick further update in the iteration 19 front. We have a second price short entry trigger in play (not valid for the iteration as only the 1st one count) and more importantly we have potential FIBs longs entry in play for the US closing session with a test 1.122x....

Pretty much all entries triggered bar the fib short entry ....GL all managing positions ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,711
  • Aug 26, 2016 11:08am Aug 26, 2016 11:08am
So even with no clear message about hiking in September, markets still up and down with no clear direction, is it the case?
  • #142,712
  • Aug 26, 2016 11:12am Aug 26, 2016 11:12am
Quoting Fadhl
So even with no clear message about hiking in September, markets still up and down with no clear direction, is it the case?
???

We have the strongest economic outlook directly from Yellen in the last 2 years with inflation on check and even 'theoretical' (she didn't give any details and I can't really see the technicalities in practice at quick glance) guarantee further intervention / pseudo QE and related in case the global economy goes upside down....

Pretty much we are one NFP away from hikes Sept or if it flops the next one for Dec ...

sisse

PS: Long fibs entry triggering @ 1.122x right now in iteration 19 ....GL all longs...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,713
  • Aug 26, 2016 11:13am Aug 26, 2016 11:13am
Quoting Fadhl
So even with no clear message about hiking in September, markets still up and down with no clear direction, is it the case?
I will say that what we have is a clear direction. Dollar bears was clearing out making the spike up in eurusd gbpusd and gold as I see it. And started loading up with $.
Trading in the shadow of SM
  • #142,714
  • Aug 26, 2016 11:19am Aug 26, 2016 11:19am
please do not mind if this is a stupid question from a young trader, is that the reason why gold is being trashed for risk on intention?
  • #142,715
  • Aug 26, 2016 11:24am Aug 26, 2016 11:24am
Not everyone is buying into the rate hike BS.
Markets slash September Fed rate hike odds after Yellen speech
http://www.investing.com/news/econom...-speech-422579
  • #142,716
  • Aug 26, 2016 12:51pm Aug 26, 2016 12:51pm
So far Update from Iteration Part 19 Price Entry Sell Rolled
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 31 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #142,717
  • Aug 26, 2016 12:52pm Aug 26, 2016 12:52pm
A detailed update of iteration 19 to make things a bit clearer now that we have most of the triggers in play....

Quoting sisse
+++++-Iteration 19+++++ " Retrace or Reversal PART II - Frustration, Price & Indicators"

+++++-Iteration 19+++++

" Retrace or Reversal PART II - Frustration, Price & Indicators"

Currently Euro trading @ 1.129x

(update 2)


BUY

DexterMorgan, PAStalker ,yogi, Ghandi, hoom, mrcreosote, dhjeaavu69, NorthTrader


SELL

Fisher755, primejarvis, nuts, ptoftangency, Earlobe, Fadhl, RoelsMajor, goosebone, Pharm0r, eborn, suntan, CommercialB, clayey, chester123, RoelsMajor


-> Price Entry (trigger on rejection of his/low | stops on last high/low +dozen ticks)
Buy
-> LMT BUY 1.129x [check]-> TP1 => 1.139x ....... | STP => 1.123x [check]....Longs stopped out

Attached Image (click to enlarge)
Click to Enlarge Name: PriceentryLong.png Size: 146 KB


Sell
-> LMT SELL 1.130x [check]-> TP1 => 1.120x ....... | STP => 1.138x

Attached Image (click to enlarge)
Click to Enlarge Name: priceentry.png Size: 140 KB


-> Stoch Entry (trigger on crossover... | stops on last swing high/low +dozen ticks)

Buy
-> LMT BUY 1.127x [check]-> TP1 => 1.139x ....... | STP => 1.122x [check]....Longs stopped out

Sell
-> LMT SELL 1.128x [check]-> TP1 => 1.118x ....... | STP => 1.136x

Attached Image (click to enlarge)
Click to Enlarge Name: Stochentries.png Size: 208 KB


-> Fibs Entry (trigger on pullback 23.6% x longs and 50% for shorts... | stops on prev level...this is a bastardise version to make it tradable for this iteration from Pharm0r Fib ...thx mate)

Buy
-> LMT BUY 1.122x [check]-> TP1 => 1.132x ....... | STP => 1.115x

Attached Image (click to enlarge)
Click to Enlarge Name: fiblong.png Size: 308 KB


Sell
-> LMT SELL 1.135x [not triggered yet]-> TP1 => 1.125x ....... | STP => 1.149x

Questions open ...details later. ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #142,718
  • Aug 26, 2016 12:59pm Aug 26, 2016 12:59pm
seeing the same stuff we saw last year right before they hiked....

cloggie going off every day about how it wasn't gonna happen....

yellen literally saying its going to happen....

it happens.
  • #142,719
  • Edited 1:18pm Aug 26, 2016 1:01pm | Edited 1:18pm
Quoting sisse
A detailed update of iteration 19 to make things a bit clearer now that we have most of the triggers in play.... {quote} +++++-Iteration 19+++++ " Retrace or Reversal PART II - Frustration, Price & Indicators" Currently Euro trading @ 1.129x (update 2) BUY DexterMorgan, PAStalker ,yogi, Ghandi, hoom, mrcreosote,...
I see now what Sisse mean by "trigger on rejection of high/low" of Price Entry.

Thanks Sisse.

In Chart H4 Map for Entry Prices Sell so far...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4-Iteration 19.png Size: 42 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #142,720
  • Aug 26, 2016 2:46pm Aug 26, 2016 2:46pm
Quoting sisse
Hawkish on the macro front. inflation ok, higher interest rates than expected in the long term, risk on sight later this year and first mention of the needs FISCAL policies ... Soft hawkish in general but very positive on the macro outlook on the initial reaction. Watchout for Euro 1.116x before taking the real decision ... sisse
Quoting sisse
.... Europe going home [check] could trigger an extended move ... sisse
...and that was pretty much it for week. No surprises in the Euro with a simple flow. We failed to clear 1.116x by a handful of ticks leaving the leg wide open for next week.

Quoting sisse
......and we rolled, pretty much to 'tick' for the trigger [check]. In strictly TA sense the current intraday highs are naked for a quick run but following the official rules we have a roll play today with Euro triggering price entry short from the set [check]
On the iteration 19 front. Shorts taken first target from the price entry. First note:

--> This is how you pre position and take cheap tickets for a swing trade before a report without expectations !!!.

Price entry Sell
-> LMT SELL 1.130x [check]-> TP1 => 1.120x [check] ....... | STP => 1.138x

  1. Outlook neutral mid term ...what you do?...
  2. Outlook neutral short term ... what do you do?...you trade to the inside with cheap tickets at the extremes ....
  3. Price entries are cleaner, easier and efficient if you are right in direction. Why? minimum drawdown, almost flawless time to enter in the trade (avoid chopping around forever or jumping the gun)
  4. First target always provide a healthy margin that allow easy management of the actual swing before is confirmed ...

I hope this iteration is starting to show some light of where are we going with it ...

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
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