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The Really Useless Thread

  • #144,101
  • Oct 12, 2016 6:30am Oct 12, 2016 6:30am
Quoting Pharm0r
homerun 1.19xx? hahah
jejeje ...well you are in in both ...we'll open tables for the European close ....now lets NY do their thing before we enter in comatose levels ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,102
  • Oct 12, 2016 6:33am Oct 12, 2016 6:33am
Quoting PayTheLimit
{quote} sell you some at 106.03
Just waiting for the right close on the hourly/4hour to make my move

last H4 candle just missed
  • #144,103
  • Oct 12, 2016 6:33am Oct 12, 2016 6:33am
sisse,

This is why i switched. I was confused on the range we use and both ranges were in the MIDDLE which was indeed a bad choice. I am not sure why I did this to be honest. For some reason, I was thinking we were at the extreme in this range or near the FLIP. At any rate, I actually played this LONG to .127X and closed and did not wait for .1310. Then, I took 3 SELL positions at .127X and closed two of them at .114X (FLIP area) and scaled in. I have one currently open still as I am managing REWARDS and not Capital.

Pharm0r tried to answer this question when I was trying to decide whether to go LONG or SHORT on iteration 20C.

Pharm0r writes: Using your map, it's reasonable to expect B no matter what range you use, because B will satisfy both bulls and bears on both ranges. Range AB bears will want to take profit and bulls will want to buy the support. Range 12 will be the mid that bulls will want to buy and bears will want to take some profits (if they are holding to "1")
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  • #144,104
  • Oct 12, 2016 6:37am Oct 12, 2016 6:37am
Quoting The Fool
{quote}if the US were in a bubble it would be a pretty clear map, but there are too many wild cards overseas for that to be true.
What do you think of SPX old man? Break this support now for hike expectations or later for hike confirmations?
  • #144,105
  • Oct 12, 2016 7:10am Oct 12, 2016 7:10am
Any guess for e/u guys .... 
All comments are under consideration ...
Re-Incarnated
  • #144,106
  • Oct 12, 2016 7:19am Oct 12, 2016 7:19am
Quoting primejarvis
Any guess for e/u guys .... All comments are under consideration ...
looks to me it wants to see 1.096XX as a first target.
"Bulls make money, bears make money, pigs get slaughtered"
  • #144,107
  • Oct 12, 2016 7:29am Oct 12, 2016 7:29am
Quoting primejarvis
Any guess for e/u guys .... All comments are under consideration ...
nothing to see until after fomc
  • #144,108
  • Oct 12, 2016 7:40am Oct 12, 2016 7:40am
Quoting manosk
{quote} looks to me it wants to see 1.096XX as a first target.
I think muuch lower than that ...
 
@pharm0r ... Same here waiting for that ... 
Re-Incarnated
  • #144,109
  • Oct 12, 2016 7:47am Oct 12, 2016 7:47am
Quoting primejarvis
{quote} I think muuch lower than that ... Â @pharm0r ... Same here waiting for that ...Â
I hear you...I didnt want to scare anyone with plausible targets that is why I said first target
"Bulls make money, bears make money, pigs get slaughtered"
  • #144,110
  • Oct 12, 2016 7:50am Oct 12, 2016 7:50am
[quote=primejarvis;9194086]{quote} I think muuch lower than that


target for me 1.05xxxxx
  • #144,111
  • Oct 12, 2016 8:04am Oct 12, 2016 8:04am
Quoting manosk
{quote} I hear you...I didnt want to scare anyone with plausible targets that is why I said first target
Haha ... Even was thinking that you are saying this as your main target anyways gl to all who are playing,tracking 
Re-Incarnated
  • #144,112
  • Oct 12, 2016 8:07am Oct 12, 2016 8:07am
If it's so clear EU to the downside, why did Sisse mention that "...the next call is going to be a tough one to call so for those thinking in how to manage or positioning in the Euro ...a good time to check some charts and overviews before NY ..."?
  • #144,113
  • Oct 12, 2016 8:08am Oct 12, 2016 8:08am
Working from cellphone .. internet service is too bad in our area ... 3 parallel internet connection none are working today ... Except the 3g on the cellphone
Re-Incarnated
  • #144,114
  • Oct 12, 2016 8:10am Oct 12, 2016 8:10am
Quoting Fadhl
If it's so clear EU to the downside, why did Sisse mention that "...the next call is going to be a tough one to call so for those thinking in how to manage or positioning in the Euro ...a good time to check some charts and overviews before NY ..."?
He is saying it to be a tough one because he is going to make it tough with very close levels ... Hehehe just a thought ...on iteration front ...Â
Re-Incarnated
  • #144,115
  • Oct 12, 2016 8:12am Oct 12, 2016 8:12am
Quoting Fadhl
If it's so clear EU to the downside, why did Sisse mention that "...the next call is going to be a tough one to call so for those thinking in how to manage or positioning in the Euro ...a good time to check some charts and overviews before NY ..."?
Very seldom it goes directly vertical, and it is hard to see floating profit disappear. Close to 200 pips move now without any retracement.
Trading in the shadow of SM
  • #144,116
  • Oct 12, 2016 8:14am Oct 12, 2016 8:14am
Quoting Fadhl
If it's so clear EU to the downside, why did Sisse mention that "...the next call is going to be a tough one to call so for those thinking in how to manage or positioning in the Euro ...a good time to check some charts and overviews before NY ..."?
1.096x is big. How priced in is December expectations? How much will minutes push either way? It's when I think the answers are easy that I get caught with my underoos on the floor.
  • #144,117
  • Oct 12, 2016 8:15am Oct 12, 2016 8:15am
Quoting primejarvis
{quote} He is saying it to be a tough one because he is going to make it tough with very close levels ... Hehehe just a thought ...on iteration front ...
I understood that. It means also not straight forward to the downside or something else.
  • #144,118
  • Oct 12, 2016 8:21am Oct 12, 2016 8:21am
closed USDOLLAR longs @ 12192 close to 12200 resistance
Might see a break but think in that case its likely to get a second chance during retrace
Don't be a hero. Don't have an ego. Always question yourself
  • #144,119
  • Oct 12, 2016 8:41am Oct 12, 2016 8:41am
Scaled in twice on the USD/JPY LONG. Managing only rewards now! Broke thru the HIGHS.

Shout out to sisse@ 101.8X-->103.8X-->105.3X
  • #144,120
  • Oct 12, 2016 9:09am Oct 12, 2016 9:09am
...and that was it for the session. Nothing to see till the Minutes ...good time to open table in iterations 19 and 20 ...

++++ This is only open for the traders already in, in both iterations. Please CALL the numbers of iteration first so its easy to track i.e 19 a,b,c, etc and/or 20 a,b,c, etc since are traders still in both .... charts, updates, wrapping ups later...


Quoting sisse
...and a new update in the iteration 19 front this time and perfectly timed 1.100x tested before the Minutes....

+++++ OPENING TABLE for Iteration 19D +++++

Currently Euro trading @ 1.100x

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


Q19D: ONLY eborn, Earlone,nuts, primejarvis, ptoftangency, Pharm0r,, suntan, CommercialB, clayey, chester123, Fisher755, goosebone, Fadhl

--> Minutes on their with hikes pretty much a done deal, Sterling capitulated with hard Brexit in sight, EZ printing solid numbers and banks (DB) flirting to collapse in the background while US election is in full swing of gossip but with a clearer path (at least up to today) after the last fiasco form the random guy last week.

--> On the trading management side, if you reached this point ...you are in the 'fun' part of trading. No more sweat, no more risk, healthy profits and healthy mattress to manage the position so how would you do it for the Minutes and beyond?

a. "Nothing to see for today minutes will just confirm hikes coming later this year" ... trail stops to 1.128x and let it play out to Home Run

b. "It has a good run but Euro look oversold and tired. Time to clear all and play a soft reverso" ...clear and reverse 1.100x 1 position to 1.116x -> STP 1.095x

c. "FED hike are a done deal, Brexit and DB will trigger Europe jitters, I am ridding this baby all the way down ..." ... add 1 extra positions 1.100x -> 1.084x -> STP 1.110xx

Currently i play:

-> LMT SELL 1.130x [check]-> TP1 => 1.120x [check] -> TP2 =>1.110x [check] --> -> TP3 =>1.100x [check] -> HOME RUN 1.090x [in play] | STP => 1.138x

Choose your poison ASAP ....if you don't its assume you stay put ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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