The Really Useless Thread

Quoting Fadhl

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{quote} Thanks Hoom! My questions are about the current expectations not about the projected market behavior if we have over/under shoot or inline. But I retain at least the actual clashes forces fact. May I translate it as market is divided? Sorry for being bothering anyone!

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Quoting hoom

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{quote} What's the difference , market is expecting a hike by the end of the year which translates into ebb & flows before the fact . What makes you believe that market is divided ? if you're referreing to Eurusd nothing has changed apart from knee jerk reactions on rumours!! and the compression range is still the same . I might say that you are getting too close to market !

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Quoting sisse

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... GOLD will only trigger via hikes for a quick selloff to 1265.xx [check] before finding strong foot for election and European jitters for the rest of the year .....

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Quoting CommercialB

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{quote} ...inflation & accompanying interest rate increases should also have a strengthening effect on Sterling whenever these situations arise and put a floor under any Sterling drop? What a great thread & well done to all participants

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Quoting Pharm0r

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{quote} Would you mind going into detail on why you believe the market is expecting a hike? Thanks

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Quoting sisse

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Decent numbers from the US especially strong in Manufacturing that were choking the last few months and we are all set for NFP with all maps crystal clear .... {quote} ...and I will take that in GOLD. Clearing all on the test 1265.xx right on time for NFP in a simple ride. Well done all that rode it .... {quote} EXACTLY !!!! ... that is the final trigger for the mid and long term bottom in Sterling ...we'll change the outlook accordingly when we reach there .... sisse

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Quoting sisse

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Decent numbers from the US especially strong in Manufacturing that were choking the last few months and we are all set for NFP with all maps crystal clear .... {quote} ...and I will take that in GOLD. Clearing all on the test 1265.xx right on time for NFP in a simple ride. Well done all that rode it .... {quote} EXACTLY !!!! ... that is the final trigger for the mid and long term bottom in Sterling ...we'll change the outlook accordingly when we reach there .... sisse

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Quoting sisse

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.... {quote} EXACTLY !!!! ... that is the final trigger for the mid and long term bottom in Sterling ...we'll change the outlook accordingly when we reach there .... sisse

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Quoting Deitreider

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Sry for noob questions, but would the 78,6% entry in a range be considered "cheap tickets"? Obviously 88,6% would be even cheaper, but reduce entry occurrences. Perhaps there is some more optimal %? Also as I understand range is considered "neutral", so does that mean taking longs and shorts from range "cheap tickets" areas aiming for the middle as long as we don't have a breakout?

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Quoting Arshamv

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{quote}... map And about Gold, as you mentioned before Fed only a rate hike can sell off Gold to 1265 area, but now we have no rate hike in actual, maybe in Nov or Dec maybe... , So what happen in the market? before NFP before rate hike a big sell of in Gold!!? would you please explaine more abou it, what happen for Gold if we will see overshoot in NFP on friday? it will travel to 1200?

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Quoting Earleone

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{quote} Zoom out and it becomes more clear. Trend is switched to uptrend again on higher TF too. But we get uggly retracement ( on our smaller TF, on higher tf looks normal ) . Currently at minor support level,next major support around 1220. So lets see on friday. {image}

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Quoting manosk

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{quote} There are rumors that UK based banks, disgruntled with the whole Brexit momentum (faster than slower Brexit) are putting the GBP and Gold under pressure. I dont know how much credit this rumor has but I wouldnt be surprised. If this is true it will be short lived and maybe there are fundamentals reasons for GBP at this levels but Gold in my mind is undervalued and silver even more. So I loaded up on silver. We will see how it plays out.

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Quoting lethargic18

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{quote} This doesn't make sense, why would UK based banks do this? I don't follow your motive.

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Quoting lethargic18

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{quote} This doesn't make sense, why would UK based banks do this? I don't follow your motive.

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Quoting manosk

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{quote} Well the financial district of London, and London as a whole for that matter, as the greatest beneficiary of the advantages of being in the European Union, voted to stay in but lost. On top of that, they will be the first ones to suffer in different ways from Brexit, so if anything they would have preferred a slow Brexit with many negotiations that they could somehow influence. But this is not happening as May is moving forward with Brexit much faster than anyone expected. This will surely hurt the financial district in London so they have...

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Quoting sisse

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@Manosk, --> Yes indeed a very heavy last few hours and week from the UK government. They are going mad and very vocal. The latest announcement of the most illiberal vision for the UK in the last 2 centuries has been dripping in the wires from different talking heads and May herself. An awful and populist spectacle to witness and a destruction of almost anything that have made Britain Great ... A shameful and dangerous game from the UK, this is going to end up very bad if somebody with some sense and IQ doesnt put a hard stop in this trend. Market...

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Quoting sisse

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...clearing first target in UJ a few ticks below 102.5x but 'don't be a dick for a tick rules apply' after the failure to take it in the European session. Well done all on this ride...

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