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The Really Useless Thread

  • #143,501
  • Edited 9:06am Sep 26, 2016 8:28am | Edited 9:06am
Quoting sisse
{quote} Mid and short term Neutral in the middle of the middle at the mid of both mate.... FA wise, we are stuck in the brexit bar (game changer in play) in a 3mths +/- 200+ tiny ticks chop zone making shallower highs since thus year high but unable to break as every attempt has been match with strong flops in FA(primarily via the FED). You are witnessing the narrow and choppiest Euro since 2003!!!!.... meaning patience. The mid term swing is in the oven, we are in neutral as for today....let it play out.... sisse
My trading pattern is ... long term & with very less screening time .... but the last 3 months just consumed the whole year screen time ...

anyways even i know nothing has changed atleast TA wise but still whenever you see the chart its still in the bloody zone .... trust me in if future........ market comes to this zone i am not going to play whether its giving me a lot of green pips ..... any expectation of when e/u is getting out of this zone .....

EDIT :

Nothing to see... enjoy the gossip http://www.bbc.com/news/live/uk-poli...ments-37473075
Re-Incarnated
  • #143,502
  • Sep 26, 2016 9:26am Sep 26, 2016 9:26am
Quoting USD-Bear
Started building short position in BUND's again. First shot @ 165,30 in the december series which equals 168 from the september series just below ATH
second shot @ 165,58
Don't be a hero. Don't have an ego. Always question yourself
  • #143,503
  • Sep 26, 2016 10:45am Sep 26, 2016 10:45am
...that was it for the European session, Sterling held the day without much fuss and the rest of the FX board trading air with nothing new from the morning.

More importantly, US Equities ready for a late soft session rally before US elections enters in full swing for the headlines in the next few weeks. 2050.xx for a continuation in the choppy ride ...

sisse

Quoting USD-Bear
{quote} second shot @ 165,58
That nasty wick on Brexit is and will be a pain in ass.... it will be extremely hard to call the top on the BUND. I have been tracking it closely since last ECB (for what is worth changed short term outlook to Neutral) as whenever this long/mid term top is set in bonds will be the 'mother of all trades'.

I know you are betting on this trade for a while now but in my view short term, is way too expensive to jump in around these area especially with Euro and Equities still holding. Both 166.5x and the key 160.0x (I am sure you well remember it early this year but now is the rain maker for the major swing) are both naked for a test.

I may consider joining you only if we test the 166.xx handle first this week....GL otherwise ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,504
  • Sep 26, 2016 11:13am Sep 26, 2016 11:13am
Quoting sisse
That nasty wick on Brexit is and will be a pain in ass.... it will be extremely hard to call the top on the BUND. I have been tracking it closely since last ECB (for what is worth changed short term outlook to Neutral) as whenever this long/mid term top is set in bonds will be the 'mother of all trades'. I know you are betting on this trade for a while now but in my view short term, is way too expensive to jump in around these area especially with Euro and Equities still holding. Both 166.5x and the key 160.0x (I am sure you well remember it...
thanks for your ideas sisse, agree not pinpointing just building, my charts extremely distorted by sept/dec futures shift, current levels actually represent ATH or let's say ATL in yield @ -0,12
It's actually a long time playing with this, can't give up now, got a nasty loss around that 160 but the rest ended BE or slight gains, avg atm 165,49 with 2 or 3 building blocks to go.
Don't be a hero. Don't have an ego. Always question yourself
  • #143,505
  • Sep 26, 2016 12:28pm Sep 26, 2016 12:28pm
Quoting USD-Bear
{quote} thanks for your ideas sisse, agree not pinpointing just building, my charts extremely distorted by sept/dec futures shift, current levels actually represent ATH or let's say ATL in yield @ -0,12 It's actually a long time playing with this, can't give up now, got a nasty loss around that 160 but the rest ended BE or slight gains, avg atm 165,49 with 2 or 3 building blocks to go.
We all got caught on that 160...not many really expected that would have hold a break down to negative yields for so long without short-circuiting the board .... I see you are trading in FGBL directly... not that is going to change much but for for simple visual charting purposes use the CFD ! chart as it will smooth the view for reference only ....

GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,506
  • Sep 26, 2016 1:11pm Sep 26, 2016 1:11pm
Quoting chester123
{quote} seems you right says google. connected with the doctrine of sovereign parliament. in my country we cannot even have "non-legally" binding referendums. actually, from just a theory perspective....

A very wise position IMO.

If not legally binding I dont think it should be called referendum as its more like a consultation/consultative "referendum". so one of the arguments for "almost sure brexit" is gone. however, what stays is the complete democratic illegitimicy of the decision to stay (if EU would be willing to keep GB) shoudl parliament...
You got it but the democratic illegitimacy is not very hard to bypass IMO.
Don't be smart. Be rich.
  • #143,507
  • Sep 26, 2016 4:00pm Sep 26, 2016 4:00pm
...and we rolled. A rather dull US session with Equities unable to push higer and Euro grinding the highs and now both in desperate need of a shake out..

...till then.... Same levels, same trades, same all....

sisse

For the fellow traders across the Atlantic....your turn to attend the political circus.....the rest of the mortals we'll be tracking the drama ....and for tonight from the economist....jejeje

Attached Image
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,508
  • Sep 26, 2016 4:40pm Sep 26, 2016 4:40pm
Heh. That's certainly the way markets want it to go tonight. You never know though, seems like he's taken some sound advice to surround himself with people who are smarter than him. The test is if they've successfully trained him to be unlike himself for 90 minutes straight. She can come off pretty arrogant when she's not careful as well. Quite a show coming up. Almost popcorn time.
  • #143,509
  • Sep 26, 2016 6:15pm Sep 26, 2016 6:15pm
Trump speaks to the average ape though....and the average ape is sick and tired of the "government", and Hillary represents that govt.

exactly how the average ape in Britain was tired of EU membership...

WW3 shaping up nicely..

I don't watch the debates, nor have I ever voted since being 18.....I'll never participate in the "lesser of two evils", because both are still evil. This year will be my first vote, for Gary Johnson. I'm 29.
  • #143,510
  • Sep 26, 2016 6:49pm Sep 26, 2016 6:49pm
Quoting Pharm0r
Trump speaks to the average ape though....and the average ape is sick and tired of the "government", and Hillary represents that govt. exactly how the average ape in Britain was tired of EU membership... WW3 shaping up nicely.. I don't watch the debates, nor have I ever voted since being 18.....I'll never participate in the "lesser of two evils", because both are still evil. This year will be my first vote, for Gary Johnson. I'm 29.
It's good to vote. It's good to have the choice. Even between 2 evils. (Some have only one to "choose" from right?) I have always done it since they let me many many yrs ago. Sometimes I've voted for someone, most times against. I watch politics like some folks watch sports. This one seems a little more loaded than most i remember. It's a good time to start voting. Glad you are throwing your hat in. I wish everyone would. There'd be better choices for all of us if they did
  • #143,511
  • Sep 26, 2016 8:00pm Sep 26, 2016 8:00pm
Quoting goosebone
{quote} It's good to vote. It's good to have the choice. Even between 2 evils. (Some have only one to "choose" from right?) I have always done it since they let me many many yrs ago. Sometimes I've voted for someone, most times against. I watch politics like some folks watch sports. This one seems a little more loaded than most i remember. It's a good time to start voting. Glad you are throwing your hat in. I wish everyone would. There'd be better choices for all of us if they did
You are correct- it's a shame that even the "best" voter turn out in America in the last 100 years was 1. before the digital age, and 2. only like 60%. The numbers now are probably still inaccurate considering the poll-scandals.

I've often contemplated inventing a nation wide voting platform via internet. That of course opens up all kinds of security issues, and a massive undertaking in the millions just for website design alone.

Perhaps if I'm ever rich enough, that is the legacy I will leave America after I die- a proper voting platform. I'll call it the "Federal Electronic Voting Platform" and it'll be private....just like the FED
  • #143,512
  • Sep 26, 2016 10:10pm Sep 26, 2016 10:10pm
Quoting Pharm0r
I don't watch the debates, nor have I ever voted since being 18.....I'll never participate in the "lesser of two evils", because both are still evil.
Unbelievable. Exactly the same thinking for the last 28 years!

It is circus all over the world.

UJ Comment:
Extreme working well ahead of Kuroda- held for now.
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PVSRA
  • #143,513
  • Sep 27, 2016 3:26am Sep 27, 2016 3:26am
E/u :

what i see is a dozi on Q3 2016, which i dont know when happened last .... 3 dozi in a row + a pennant formation...

which reflects me as calm before the storm ,,,,, patience is the key just keeping an eye on it nothing to do ....

Usd/chf :

Triple bottom formation with dont know when will get the confirmation .... on h1, h4 ......

usd/chf Edit : sorry 4 bottom formation .... with the first bottom were the CB reacted ... i guess
Re-Incarnated
  • #143,514
  • Sep 27, 2016 4:16am Sep 27, 2016 4:16am
Quoting USD-Bear
{quote} second shot @ 165,58
third shot @ 166,10
Don't be a hero. Don't have an ego. Always question yourself
  • #143,515
  • Sep 27, 2016 4:29am Sep 27, 2016 4:29am
Current positions:

AudUsd - in short since 0.768xx
EurCad - in short at current high (over Sept.12. weekly top)
GbpUsd - in long position (but it's a weak link, will see...)
SPX500 - in short since yesterday's top

Will took out all in case of coming back to entry.
Time will tell.
f(z)=z2+c
  • #143,516
  • Sep 27, 2016 6:52am Sep 27, 2016 6:52am
Tremors in the FX board this morning. It can literally blow 'any time' now, neither Dollar, Yen, Euro or Sterling look comfortable at the current levels for such a 'long' time. Sterling looks very scary.

Today Sterling joining GU triggering imminent break down alerts in GY this time which it's potentially the scariest move we (I, at least) I have ever seen in play in the FX board. GY losing the current lows (just holding on a tiny margin) unlock a test of 'ATL' (with ref stops at 126.xx and 120.xx). Below that (i personally don't believe it) is not capitulation but rather and sadly a complete destruction and wiped out of the British Pound as global currency for next year and beyond ...

For now, all eyes on that very tradable first break... a further break below and I would be honestly clueless on how to handle something like that and the implications that it will have in the UK and Europe ....better leave it like that for now ....

Eyes on reports today as markets are in desperate need of good news (especially in equities and dollar) and any push or pull will be enough to trigger the chain reaction.

On the Euro, stuck in endless chop. 1.122x in play for today reports...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #143,517
  • Sep 27, 2016 7:46am Sep 27, 2016 7:46am
Good lord, who farted?
  • #143,518
  • Sep 27, 2016 7:49am Sep 27, 2016 7:49am
Quoting USD-Bear
{quote} third shot @ 166,10
moments of joy are short....
Don't be a hero. Don't have an ego. Always question yourself
  • #143,519
  • Sep 27, 2016 8:09am Sep 27, 2016 8:09am
Current positions:

AudUsd - in short since 0.768xx - LOCKED and waiting
EurCad - in short at current high (over Sept.12. weekly top) - LOCKED and OUT of some
GbpUsd - in long position (but it's a weak link, will see...) - OUT
SPX500 - in short since yesterday's top - LOCKED and waiting

Will took out all in case of coming back to entry.
Time will tell.

AND

EurJpy & UsdJpy - in long
f(z)=z2+c
  • #143,520
  • Sep 27, 2016 8:29am Sep 27, 2016 8:29am
I hope the people who were trading live long in the iteration from 1.116x took profit at 1.127x, don't be a D!ck for a tick.
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