The Really Useless Thread

B please.

A please

A please

A for me please

Looks like "C" in action.

+++++ TABLE CLOSED Iteration 19C +++++

Currently Euro trading @ 1.113x

" Retrace or Reversal PART II - Frustration, Price & Indicators"

a. "Nothing to see its today or in a few weeks ...hikes are here" ... sit tight and let it play out to TP3
eborn, Earlone,nuts, primejarvis, ptoftangency, Pharm0r,, suntan, CommercialB, clayey, chester123,
b. "Its today or never...a flop in NFP will kill Euro for the rest of year ..." play it safely here aggressively trailing stop to @1.122x
Fisher755,goosebone, Fadhl
c. "No way FED will hike this year especially with election and Europe descending in chaos..." ...play the reverso clearing all and going LONG if we tick above 1.122x to Long TP targets ...

Thanks GL all

sisse

.....and here we go for a key NFP given Yellen and FED latest official comments.

--> On the fundamental side,

Very easy and fairly straight forward reading today

1. Although it has complicate a bit the last few days with the UK going wild in the Brexit front, a rather simple reading in play: Solid NFP or overshoot is RMT play. Anything else is status quo, kicking the can until election and NOV FED.
2. Expectations are aligned for a softer NFP so only a major flop will change bring something new to table and probably kill rates for the year.
3. Equities will be happier on an inline with expectations/slightly soft as the status quo guarantee the choppy ride up for a bit longer, while Dollar will start in the final counting as there will be nowhere to hide after election and with an avalanche already in play in Europe via Sterling.

--> On the TA side

 

1. Not really important levels in play in Equities. 2135.xx is the only level to track in US in case of a selloff via a major flop or overshoot (not expecting at all) but we are in good news is good news so any other scenario is continuation...however
2. OIL is on the go already with key 50.1x in play. A good solid number or above can trigger a very tradable clean sweep to complete a test 55.xx in relatively no time.
3. Gold is a bit trickier TA wise as opposite forces are starting to clash. 1265.xx is the key level in play. A sharp but very short lived selloff to 1200.xx on a RMT play but brexit, europe and election will keep it in bid ...not my favourite flavour for today ....
4. and finally DOLLAR also preemptively in its way...taking 96.6x on the W close will via RMT will unlock a momentum play to 100.xx with intermediate stop at 98.4x till the FED actual hikes. A flop or inline with soft expectations will trigger profit and back to 95.9x until further data while only major Fck up will bring something new on the table killing rates for the year.

--> For the Actual flows (euro only)

Maps are crystal clear after such extend chop zone. If you don't know how to plot at least the basic range this time you really have to consider a step back and having a review of what you are doing.

For today we have setting the High of this Quarter in plat and RMT. Direct play for short term continuation and ZigZag for mid term on softer expectations

 

1. Given that RMT are in play .... all micro levels raised. I am only giving the range and the general flow this time as most would have their clear idea where and how you could squeeze some ...
2. 1.114x is the rain maker today. Top of the range 1.132x, bottom 1.111x.
   1. Top is locked with inline with soft expectations...it will need a major fck up for something else.
   2. To the other side bottom is naked, andit wont hold a test after NFP. Anything good will caught expectations in the wrong side and will trigger a momentum play...

GL all trading, managing, planing or just tracking NFP ...

sisse

A please

b for me if it's still time. Thanks!

Watch-out sterling .on a surprise positive NFP as nobody in the bid except CBs .... CB tracking this one confirmed .... don't get suck in as these are serious levels....

sisse

Slightly softer exactly as expected ...inline...nothing new ....DEC hikes get closer and closer by default ...

sisse

hmm... more waiting time after the reports .....

dont get me wrong i was suppose to write that whether its only me who is thinking of a test of 1.118x but due to my parrot playing time i just forgt to write .... anyways indirectly i was right ....

...and that was it for a rather very muted micro knee jerk reaction as we matched expectations.

Eyes on NY but prolly a bit more interesting for trading eyes on the Euro for the European close as the 'no hikes FED' bulls may have raised/or raising their hands after this report and that is the only door for something else today ....

sisse

if 1.118x doesn't hold the rally then I might clear all in euro , this is not funny anymore as I am not interested in the reverso play ! Many opportunities elsewhere ...

LOL! Imo if you manage this waiting I will congratulate you and also you can wait out anything in the future. So very nice nerves test!

Choose your poison time for those interested in OIL ...

what makes you think 1.118x will hold ? or let me put it a different way: What do you think are the odds for this Week highs (wherever they end up) been the High of this Quarter ?

sisse

odds are definitely very high regarding that expectations are met and USD leg would start more firmly but it will be very frustrating if it gets short circuited and we remain stuck in ups and downs for infinite time.

actually if you really want to test or build your patience .... come join forex with real account and start meditating ........ if still some1 doesn't build patience i will open a school for the same ... traders can come and join me

once i read somewhere "No ONE KEEPS ME AWAKE NOT EVEN MY GF .... BUT FX DOES" and thats the F**king reality ...

we are playing a zigzag move :

something like
1.114x-->1.111x->1.121x/4x-->1.097x maybe

For the longest time I had this 50-51 zone marked with a huge horizontal level... I guess I'll take it!