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The Really Useless Thread

  • #143,281
  • Edited 9:27am Sep 16, 2016 9:05am | Edited 9:27am
Quoting hoom
{quote} 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...
Yea, I am still there in the Iteration. But in reality of My trading, I have closed My position becoz "Boring". Waiting is Boring. Patience and Discipline is Boring. Sisse is right and the sentiment/expectation is right. So who's gonna jump after 50 pips move from 1.1225?

Edit:
- I think UJ will unleash The Kraken. This pair is not moving so much today. Momentum to the north?
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #143,282
  • Sep 16, 2016 9:27am Sep 16, 2016 9:27am
slight miss again from the macro front with opening range completed and Equities flirting to go to sleep and enter in chop zone until the FED ... last chance for a break down (doubt) with Europe going home otherwise, see you on the FOMC for equities...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,283
  • Sep 16, 2016 10:43am Sep 16, 2016 10:43am
LONG NIGHT. Got home at 3am sisse when you were up and ready to go!

As promised.....I really feel you will make me appear foolish when to me its a no brainer. Perhaps, I will learn something here as I learn better with visuals than just words.
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  • #143,284
  • Sep 16, 2016 12:23pm Sep 16, 2016 12:23pm
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]
Squeeze is on.
AB=CD is finished, but still aiming its 127% extension.
f(z)=z2+c
  • #143,285
  • Sep 16, 2016 2:13pm Sep 16, 2016 2:13pm
Quoting sisse
All eyes on GU after London going home with 1.299x [check] as only and key rain maker for the BOE to the downside to unlock a sharp capitulation move (not expected for Sep but Nov especially after the latest numbers... .
...and I will take that in Sterling clearing one more time in the same area main target with the test 1.299x .... for a break we will need something else either FED or Brexit will do it but for now like the last 3 times ....nothing to do but wait until the capitulation move.

Lots of noise from Europe today. As was expected since July, Sept was going to put Brexit back on the table with all talking heads back from Holiday. Both sides pretty much accepting (as we didn't know ...) that is going to be a messy divorce with heavy losses for both sides.... details will get noisier as soon as we clear FED and then will have the last standby point with US election ...after that is all about UK and Europe ....

US equities struggling a lot at these levels and in desperate need of more free money confirmation from the FED, otherwise we are set to close the year this month leaving hikes, election and risk from Europe rule the board ....

On the Euro, no surprises in a simple ride so far but still the more cautious of all ahead the FED ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,286
  • Sep 16, 2016 2:58pm Sep 16, 2016 2:58pm
What about grexit? I see a trickling of that
  • #143,287
  • Sep 16, 2016 3:26pm Sep 16, 2016 3:26pm
Quoting Pharm0r
What about grexit? I see a trickling of that
You still in the boat?
  • #143,288
  • Sep 16, 2016 3:33pm Sep 16, 2016 3:33pm
Quoting sisse
US equities struggling a lot at these levels and in desperate need of more free money confirmation from the FED, otherwise we are set to close the year this month leaving hikes, election and risk from Europe rule the board ....
I still bet that there will be one more bounce for US stocks on the inevitable Sept FOMC whiff, then the markets will crap pants as Trump rides high in the polls into October....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #143,289
  • Sep 16, 2016 3:36pm Sep 16, 2016 3:36pm
Quoting goosebone
{quote} You still in the boat?
nope I see a large retrace possible
  • #143,290
  • Sep 16, 2016 3:40pm Sep 16, 2016 3:40pm
Quoting Pharm0r
{quote} nope I see a large retrace possible
Trading in the shadow of SM
  • #143,291
  • Sep 16, 2016 3:43pm Sep 16, 2016 3:43pm
sisse,

I did my homework on S and R. Waiting for your critique.
  • #143,292
  • Sep 16, 2016 3:48pm Sep 16, 2016 3:48pm
Quoting Pharm0r
{quote} nope I see a large retrace possible
Right on. I'm still in. Can't lose capital on it but could lose profit (dilemma is so familiar to me now I'm starting to think this whole damn game is about proper exit). Sitting here at flip europe open will be important to my decision to hold or fold coming week. Have a good weekend all.
  • #143,293
  • Sep 16, 2016 3:59pm Sep 16, 2016 3:59pm
Quoting goosebone
{quote} Right on. I'm still in. Can't lose capital on it but could lose profit (dilemma is so familiar to me now I'm starting to think this whole damn game is about proper exit). Sitting here at flip europe open will be important to my decision to hold or fold coming week. Have a good weekend all.
Always difficult. I have taken off some ( appr 30% ) And will try to get in again on retracement. If it just continue without retracement it is ok too. Then I try to get filled at next retracement that will still possible be at same or better level.
Trading in the shadow of SM
  • #143,294
  • Sep 16, 2016 4:30pm Sep 16, 2016 4:30pm
Quoting Pharm0r
What about grexit? I see a trickling of that
Hahah yeah that would be perfect timing. Anyone feeling capable of spreading this vicious rumour? I'll share my profits.
  • #143,295
  • Sep 16, 2016 5:11pm Sep 16, 2016 5:11pm
Quoting Pharm0r
What about grexit? I see a trickling of that
I know all these brexit, eu, etc it seems a far story from across the Atlantic, especially when you see it from the 'myopic' but very justifiable (given the size and importance of the US) view but what is in play in Europe is of huge proportions.

Don't forget that the EU (sadly for the brexiteres the uk is still in it)is still the largest trading block in the world (bigger than the US), the largest and richest common market, the most develop region in the world (by a mile or two) in term of development and social measures, the largest financial centre in the world, and is the number 1, 2 or 3 in every single sector in the economy worldwide....

What is in play for the next couple of years is the destruction and disintegration of that common market itself, protectionism, conflict and potentially (far fetch for now) even war (hello Russia) so even if it sound like a fairy tale for some with no importance from the other side of the Atlantic, the world economy doesn't start neither end in the Americas....watch-out you don't get caught in the wrong side of the flows just because something is far from your sight ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,296
  • Edited 8:13pm Sep 16, 2016 6:09pm | Edited 8:13pm
Quoting sisse
{quote} I know all these brexit, eu, etc it seems a far story from across the Atlantic, especially when you see it from the 'myopic' but very justifiable (given the size and importance of the US) view but what is in play in Europe is of huge proportions. Don't forget that the EU (sadly for the brexiteres the uk is still in it)is still the largest trading block in the world (bigger than the US), the largest and richest common market, the most develop region in the world (by a mile or two) in term of development and social measures, the largest financial...
I don't know anyone here in the states that pays attention to these things that has that attitude about it. Of course, when you're discussing events in the context of trading those events it can make your angle on it sound cavalier.
  • #143,297
  • Edited 10:23pm Sep 16, 2016 8:19pm | Edited 10:23pm
Same, I think he took the emoji I typed in the wrong context.
  • #143,298
  • Sep 18, 2016 2:53pm Sep 18, 2016 2:53pm
Europe's Bond Selloff Is Taking the Urgency Out of Boosting QE


Link http://www.forexfactory.com/news.php?do=news&id=607356
  • #143,299
  • Sep 18, 2016 3:12pm Sep 18, 2016 3:12pm
Quoting sisse
{quote} I know all these brexit, eu, etc it seems a far story from across the Atlantic, especially when you see it from the 'myopic' but very justifiable (given the size and importance of the US) view but what is in play in Europe is of huge proportions. Don't forget that the EU (sadly for the brexiteres the uk is still in it)is still the largest trading block in the world (bigger than the US), the largest and richest common market, the most develop region in the world (by a mile or two) in term of development and social measures, the largest financial...
It's looking to move to 122
  • #143,300
  • Sep 18, 2016 8:39pm Sep 18, 2016 8:39pm
So lets talk about this week, it would seem that although expectations are against a FOMC rate hike in three days, the actual flows of EU suggests trading expectations are for a rate hike.

So- if we get no rate hike, what do you guys think the market will do?

Personally, I think we will see another leg in equities- and EU will flip to a short term soft buy as many will be taking profits and looking to sell higher in anticipation of the possible rate hike in December.

Still mid term neutral, so we should plan to trade the extreme buy-side into the middle. So that would mean until Weds- we are in no-mans land
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