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The Really Useless Thread

  • #143,061
  • Sep 9, 2016 8:33am Sep 9, 2016 8:33am
Quoting sisse
{quote} On the momentum lets leave it open till later for other comments. ....on the rest, not surprised atall but same happens everywhere.You will be surprised how many 'rich daddy' boys end up in the highest positions in business and politics without the slightest clue, experience, skills or education for the job.... Prolly less notorious in countries wih more social mobility between classes like the US but in other rich countries like the UK is scary the level of people you find in meetings sometimes.. .....NY to open. Gl today. sisse
I've always thought it was backwards how the cabinet is all lawyers, secretary of education, transportation, defense, etc etc

But for it to hit my place of work, and so blatantly a political favor....
  • #143,062
  • Sep 9, 2016 8:40am Sep 9, 2016 8:40am
Quoting Pharm0r
{quote} I re-entered based on the chart posted here http://www.forexfactory.com/showthre...92#post9128592 that rejection is something we like to see in the mofu world, gives 1.0838 a good chance...by gators words "greater than 75% chance" however; I never knew how he came up with those percentages
I was placing a sell limit in the bottom of the flag now. Not sure it will be filled. Anyway has shorts running. ( Also in G/U )
Trading in the shadow of SM
  • #143,063
  • Edited 9:36am Sep 9, 2016 8:41am | Edited 9:36am
Show and Tell Time.....

I show and sisse TELLS.........
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  • #143,064
  • Sep 9, 2016 8:48am Sep 9, 2016 8:48am
Quoting sisse
. --> So to @Pharm0r and @goosebone (or to anybody following the iteration) I ask you in your charts/maps what would be the line/area where MOMENTUM will be trigger? Momentum defined as the place where is taken price should theoretically at least move pass v. fast and without chopping around, whipsawing or making shallower pulling back endlessly, etc Defining the map, range and flip and the implication of the outlook on them is key but knowing when...
Short term map ( 4H with my zone ) I think price should not go behind the resistance zone marked in red. Momentum has built up now bearish and flag is broken.

If price on 4H close inside or above the resistance zone I will say that this move is a bear trap.
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Trading in the shadow of SM
  • #143,065
  • Sep 9, 2016 8:49am Sep 9, 2016 8:49am
Quoting sisse
{quote} You will be surprised how many 'rich daddy' boys end up in the highest positions in business and politics without the slightest clue, experience, skills or education for the job.... Prolly less notorious in countries wih more social mobility between classes like the US
Candidates for POTUS this year show it happens here too.
  • #143,066
  • Sep 9, 2016 8:53am Sep 9, 2016 8:53am
Quoting sisse
{quote} . ....on the rest, not surprised atall but same happens everywhere.You will be surprised how many 'rich daddy' boys end up in the highest positions in business and politics without the slightest clue, experience, skills or education for the job.... Prolly less notorious in countries wih more social mobility between classes like the US but in other rich countries like the UK is scary the level of people you find in meetings sometimes.. .....NY to open. Gl today. sisse
If looking for employment. Remember not to use brown shoes and all will possible be good

http://www.bbc.com/news/uk-37244180
Trading in the shadow of SM
  • #143,067
  • Sep 9, 2016 9:02am Sep 9, 2016 9:02am
Quoting Earleone
{quote} If looking for employment. Remember not to use brown shoes and all will possible be good http://www.bbc.com/news/uk-37244180
Wore my linen shoes (and belt) today- it's friday

anyways, off to work. Cleared GU now that we are at the daily resistance- going to hold EU into next week....
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  • #143,068
  • Sep 9, 2016 9:17am Sep 9, 2016 9:17am
Quoting Pharm0r
{quote} Wore my linen shoes (and belt) today- it's friday anyways, off to work. Cleared GU now that we are at the daily resistance- going to hold EU into next week.... {image}

nicely done
"Bulls make money, bears make money, pigs get slaughtered"
  • #143,069
  • Edited 9:33am Sep 9, 2016 9:21am | Edited 9:33am
Quoting sisse
.... Euro looks eager to ignite Sept in the FX board with a very feeble bottom this week that wont hold a breach 1.124x with NY....
...we'll talk later

-----
Quoting sisse
+++++Iteration 20A +++++ Euro currently trading @ 1.130x "Survival of the fittest | Winners take all" ...
Quick update from the iteration front. We have the first round of outs in the final iteration with the tick below the 1.12xx handle. Very well done hoom, Vorex, RoelsMajor.

As it was call for this iterations, the purpose of this iteration is about speed and fast reaction not about r:r so:

+++++Iteration 20A +++++

Euro currently trading @ 1.121x

"Survival of the fittest | Winners take all"


-> LMT BUY 1.130x ​[check] -> TP 1.140x -> STP 1.120x[check]

Stopped out and out of contest 1 Win | 1 Loss

Ghandi

assssssssss

Fisher755

chester123

Ghandi

eborn


-> LMT SELL 1.130x [check] -> TP1 => 1.120x | STP > 1.140x

hoom

Vorex

RoelsMajor



--> Question 20B only for those holding SHORT FROM 1.130x (not the other shorts). How would you manage the position?

This iteration is about thinking fast, no room for half baked decisions until the last trader is stopped out. We'll wrap up details later, window closes on the European close ...details later


------- ---------

+++++Iteration 20B +++++

Euro currently trading @ 1.121x

"Survival of the fittest | Winners take all"


A. US numbers are weak. Chop and Range = rinse and repeat ...lets go up again -> LMT BUY 1.120x ​-> TP 1.128x -> STP 1.110x

B. ECB took care of the rest as expected. There is only one way down down down-> LMT SELL 1.120x -> TP1 => 1.112x | STP > 1.130x

hoom


Choose you poison ASAP ... if you don't reply you add SHORTS as your original position


sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,070
  • Sep 9, 2016 9:28am Sep 9, 2016 9:28am
Quoting sisse
{quote} ...we'll talk later ----- {quote} Quick update from the iteration front. We have the first round of outs in the final iteration with the tick below the 1.12xx handle. Very well done hoom, Vorex, RoelsMajor. As it was call for this iterations, the purpose of this iteration is about speed and fast reaction not about r:r so: +++++Iteration 20A +++++ Euro currently trading @ 1.121x "Survival of the...
LMT sell
Get Rich or Die Tryin
  • #143,071
  • Sep 9, 2016 9:32am Sep 9, 2016 9:32am
For those getting 'lost in translation' from yesterday and especially for those getting too close to the market (i read quite a few in the last pages), here is a quick short term chart update that may help regain north ....

sisse

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Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,072
  • Sep 9, 2016 9:37am Sep 9, 2016 9:37am
B-Limit sell
Rationale: neutral outlook; still away from the center; and no fundamental news from US until next Friday. So it still has time for sell.
  • #143,073
  • Sep 9, 2016 9:38am Sep 9, 2016 9:38am
Sell please
Re-Incarnated
  • #143,074
  • Edited 10:16am Sep 9, 2016 9:41am | Edited 10:16am
It appears I may have got the Short Term Map right that I posted. The FLIP area is where In Neutral I would close my Short from Iteration 20 unless OUTLOOK Changes. Will wait to get graded on this later.

However, if we go by this week's range from .113X to .132X; then, we are in the middle of range and .1200 would be a good place to BUY or close and wait for another extreme until Outlook changes from Neutral to BUY or SELL since we are in chop zone and Neutral Outlook. But, if we go from a few weeks range .097X to .135X; then, Middle is .1130 (.112X). This is where this would be confusing on sisse's iteration 20B to those who changed from Long to Short trading from extreme to inside(middle). Which RANGE MIDDLE do you aim for?
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  • #143,075
  • Sep 9, 2016 9:57am Sep 9, 2016 9:57am
All Equities are falling down like crazy!
  • #143,076
  • Sep 9, 2016 10:41am Sep 9, 2016 10:41am
Confused myself (I'm pretty good at that). Does it make sense to look for a momentum line in outlook neutral? I was trying to find where it would be based on Sisse's map but now I'm sure that I'm hunting for something that shouldn't be there in 1st place. Guess I gotta wait for some later Friday discussion to figure it out (that's a thinly veiled cry for help)
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  • #143,077
  • Sep 9, 2016 11:03am Sep 9, 2016 11:03am
goosebone,

I plotted a SHORT and MID TERM Map. I am uncertain as to momentum line too as I would think MID TERM would have to have SELL OUTLOOK to plot one. However, I plotted one on my MID TERM MAP as by then it should be in OUTLOOK SELL. I will await to see what sisse has to say about it. Not real confident on the critique I will get.

I think your momentum lines are in the MIDDLE of the range in Neutral outlook and would not have a momentum line in that area since its more of a chop zone and close to FLIP. Just my 2 cents and that's about all I have at the moment.

Good luck with this......
  • #143,078
  • Sep 9, 2016 11:16am Sep 9, 2016 11:16am
Quoting IMARICH1
goosebone, I plotted a SHORT and MID TERM Map. I am uncertain as to momentum line too as I would think MID TERM would have to have SELL OUTLOOK to plot one. However, I plotted one on my MID TERM MAP as by then it should be in OUTLOOK SELL. I will await to see what sisse has to say about it. Not real confident on the critique I will get. I think your momentum lines are in the MIDDLE of the range in Neutral outlook and would not have a momentum line in that area since its more of a chop zone and close to FLIP. Just my 2 cents and that's about all...
Thanks. yeah that makes a lot of sense to me. I originally had it below the flip but like you said, outlook would have to change to sell for that to work. That's when I figured I need to understand it better since it looks a conflict to me to be looking for a momentum area inside what is essentially a chop range (neutral) that we trade towards the inside.
  • #143,079
  • Sep 9, 2016 11:38am Sep 9, 2016 11:38am
Quoting IMARICH1
It appears I may have got the Short Term Map right that I posted. The FLIP area is where In Neutral I would close my Short from Iteration 20 unless OUTLOOK Changes. Will wait to get graded on this later. However, if we go by this week's range from .113X to .132X; then, we are in the middle of range and .1200 would be a good place to BUY or close and wait for another extreme until Outlook changes from Neutral to BUY or SELL since we are in chop zone and Neutral Outlook. But, if we go from a few weeks range .097X to .135X; then, Middle is .1130 (.112X)....
Using your map, it's reasonable to expect B no matter what range you use, because B will satisfy both bulls and bears on both ranges. Range AB bears will want to take profit and bulls will want to buy the support. Range 12 will be the mid that bulls will want to buy and bears will want to take some profits (if they are holding to "1")
  • #143,080
  • Sep 9, 2016 12:20pm Sep 9, 2016 12:20pm
With regard to the "momentum" question, Sisse has defined it as : 'Momentum defined as the place where is taken price should theoretically at least move pass v. fast and without chopping around, whipsawing or making shallower pulling back endlessly, etc".
So it's like the cheapest area in the map. Hence the "Momentum" is almost at the extreme of the range and it will be triggered only after the retracement.
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