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The Really Useless Thread

  • #143,261
  • Sep 16, 2016 4:58am Sep 16, 2016 4:58am
Quoting sisse
When markets have an expectation for an outcome and numbers don't align, we minimise its importance (the opposite is equally true). When a series of numbers keep holding expectations we get stuck in narrow chop until facts and numbers confirm expectations. Only a major flop or game changer will realign expectations to somewhere else.....
Hi sisse,
I thought the current expectation was for a rate hike in December..
So is this current chop level factoring in one rate hike and waiting for confirmation from the FED(and from data) that will be the case, for a breakdown?
Or is there still a sizeable amount of market participants anticipating a surprise hike next week holding the market down for now & the market could rise once the fact of no rate hike for September next week is confirmed?
Regards,
pas.
  • #143,262
  • Sep 16, 2016 7:30am Sep 16, 2016 7:30am
There we go

edit : one should notice that the amount of bids around 1.120x is huge .
Get Rich or Die Tryin
  • #143,263
  • Sep 16, 2016 7:37am Sep 16, 2016 7:37am
Quoting hoom
There we go edit : one should notice that the amount of bids around 1.120x is huge .
yes
will it break?
  • #143,264
  • Sep 16, 2016 7:39am Sep 16, 2016 7:39am
Quoting mayafx
{quote} yes will it break?
Eventually which would most likely provide momentum for the move .
Get Rich or Die Tryin
  • #143,265
  • Sep 16, 2016 7:43am Sep 16, 2016 7:43am
Quoting hoom
{quote} Eventually which would most likely provide momentum for the move .
pretty struggling
  • #143,266
  • Sep 16, 2016 7:46am Sep 16, 2016 7:46am
So who is going to be the first to jump in for the momentum play? :nerd:

Not me..
  • #143,267
  • Sep 16, 2016 7:46am Sep 16, 2016 7:46am
Quoting mayafx
{quote} pretty struggling
that's why I said the amount of bids is huge down there so by following price action you might notice how market is digesting the load of bids and offers which leads to

price deviation .
Get Rich or Die Tryin
  • #143,268
  • Sep 16, 2016 7:48am Sep 16, 2016 7:48am
Quoting Pharm0r
So who is going to be the first to jump in for the momentum play? :nerd: Not me..
Are in neutral short term. So no chasing . If not in already it can be to expensive tickets.
Trading in the shadow of SM
  • #143,269
  • Sep 16, 2016 7:49am Sep 16, 2016 7:49am
Quoting hathor
{quote} 'Seller's hat' has been formed. Time to fall or fade. Have a good day mates! [GMT +1:00 hour - 14:30 - CAD - Manufacturing Sales m/m]
Cad new: negative
Technically: good buying level/position

Idealistic version: what a positive mix for EurCad, lets go higher

Crude version: very good situation for the filthy market makers

Well...lets see what kind of World we live in...
f(z)=z2+c
  • #143,270
  • Sep 16, 2016 7:50am Sep 16, 2016 7:50am
Quoting Pharm0r
So who is going to be the first to jump in for the momentum play? :nerd: Not me..
I am already in Sisse Iteration 20B LMT sell 1.120x :nerd:
Get Rich or Die Tryin
  • #143,271
  • Sep 16, 2016 7:52am Sep 16, 2016 7:52am
Quoting Earleone
{quote} Are in neutral short term. So no chasing . If not in already it can be to expensive tickets.
A retest of the broken support is the ideal time for those of us not in iteration 20b to jump in

Otherwise we snooze we lose, well don't lose- but dont gain either
  • #143,272
  • Sep 16, 2016 7:54am Sep 16, 2016 7:54am
Now this is a live exemple to the bet with Sisse yesterday

If momentum is happening on 1.120x short then price should deviate from that level from now on .
Get Rich or Die Tryin
  • #143,273
  • Sep 16, 2016 7:57am Sep 16, 2016 7:57am
Quoting hoom
Now this is a live exemple to the bet with Sisse yesterday If momentum is happening on 1.120x short then price should deviate from that level from now on .
agreed, which should mean no retest

but I think the point sisse was making has already been proven in that once the expectations the market was waiting on where met, we broke the support
  • #143,274
  • Sep 16, 2016 8:05am Sep 16, 2016 8:05am
Quoting Pharm0r
{quote} agreed, which should mean no retest but I think the point sisse was making has already been proven in that once the expectations the market was waiting on where met, we broke the support
Yepp. Good news is good news. Bad news is ignored
Trading in the shadow of SM
  • #143,275
  • Sep 16, 2016 8:07am Sep 16, 2016 8:07am
Pending sell @ 1.1198 for 1.1145

gotta run, have a good day ladies and gents
  • #143,276
  • Sep 16, 2016 8:19am Sep 16, 2016 8:19am
No surprises across the board after the overshoots in inflation. NY to come. Inline or better Consumer confidence unlocks clean sweep in Dollar, while a miss or big overshoot unlocks the floor in Equities...

On the Euro, not much to see after the 1.12xx handle was breached and there is very little in between until the lows of the handle. Eyes on NY and especially reports to see if we are going to have a good trading day or just an early close with Europe going home .....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,277
  • Sep 16, 2016 8:27am Sep 16, 2016 8:27am
Quoting hoom
{quote} I am already in Sisse Iteration 20B LMT sell 1.120x :nerd:
You are the last man standing in that one right? Nice work
  • #143,278
  • Sep 16, 2016 8:46am Sep 16, 2016 8:46am
Quoting goosebone
{quote} You are the last man standing in that one right? Nice work
I am not alone assuming Vorex and RoelsMajor are still in .

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

+++++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 [check] ​-> TP 1.128x [check] -> 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

Vorex

RoelsMajor

Get Rich or Die Tryin
  • #143,279
  • Sep 16, 2016 8:54am Sep 16, 2016 8:54am
Quoting hoom
{quote} I am not alone assuming Vorex and RoelsMajor are still in .
Yup I'm in.
  • #143,280
  • Sep 16, 2016 8:59am Sep 16, 2016 8:59am
Oh, lost track I guess. I was thinking the others had made a different call last time around. Nice work to the three of you then!
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