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The Really Useless Thread

  • #144,241
  • Oct 14, 2016 4:33pm Oct 14, 2016 4:33pm
Quoting Pharm0r
{quote} We aren't out yet
No, I think we are in a much better position then Trump to succeed .
Trading in the shadow of SM
  • #144,242
  • Oct 14, 2016 4:40pm Oct 14, 2016 4:40pm
Quoting Earleone
I am quite sure it has to do with the close and low ( wick ) on weekly and monthly . We was retesting low of August as resistance on the roll yesterday ( Actually a golden level ) . If I am completely of track I will have debt 2 beers for Sisse. Well done to all that took the short . {image} {image}
Exactly , 1.1050 ish has been a level since we dropped down here since beginning of 2015 and more recently again that low of Aug 5th. But also when we reached this level again for the first time since then on Wed we pierced it & closed below only to attempt a feeble retest again on the Thurs (support turned resistance). However this Thurs candle couldn't break the highs of the Wed (which was also in stark contrast to the huge bounce we got back up after the Aug 5th candle btw). And also coupled with sisse's FA reasoning that would be my interpretation of his Thurs bearish close ...however I say this now with the benefit of hindsight while he called it in advance of course!! ...again!!!

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The spoken word is your master, the unspoken word your slave.
  • #144,243
  • Oct 14, 2016 5:31pm Oct 14, 2016 5:31pm
Of course the extent of that 300+ tic reaction bounce at 1.1050 area last time is only evident with the benefit of hindsight, but I notice now that was also the day that sisse changed outlook from sell to neutral so that level would have had some significance for him too I suppose.. see his enclosed chart.
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The spoken word is your master, the unspoken word your slave.
  • #144,244
  • Oct 14, 2016 5:43pm Oct 14, 2016 5:43pm
The two things that the Fed were really looking at are NFP and CPI (pce). Well CPI got beaten last month. With Opec and Russia agreeing to cut oil production this can only put more pressure on inflation. Jobs are over 100K a month. Three Fed members wanted a hike. Several said that there should be one relatively soon. Didn't really help matters that there were so many differing views. I think if we keep on track, then we could see a December rate rise. A lot of credibility will be lost if the figures hit their targets and rates don't rise. Yellen was hawkish at Jackson Hole, so we know she can change her tune. Could they wait further until the French elections.

The pound however, what a mess. May clearly does not take any advice. Who knows what is going to happen. Still uncertainty prevails. I note Carney has said that they are ok about inflation overshooting 2% a bit

The Euro - was a great currency. Looking ahead in France, Le Penn (leads in the first round) could be in charge in April/May and has promised a referendum. If its a Frexit, it could be bye bye Euro. Germany would then be in real trouble having to pick up the slack for the UK and France.
  • #144,245
  • Oct 14, 2016 5:55pm Oct 14, 2016 5:55pm
Quoting CommercialB
{quote} Exactly , 1.1050 ish has been a level since we dropped down here since beginning of 2015 and more recently again that low of Aug 5th. But also when we reached this level again for the first time since then on Wed we pierced it & closed below only to attempt a feeble retest again on the Thurs (support turned resistance). However this Thurs candle couldn't break the highs of the Wed (which was also in stark contrast to the huge bounce we got back up after the Aug 5th candle btw). And also coupled with sisse's FA reasoning that would be...
doh! I totally missed it
  • #144,246
  • Oct 14, 2016 6:09pm Oct 14, 2016 6:09pm
Quoting CommercialB
Of course the extent of that 300+ tic reaction bounce at 1.1050 area last time is only evident with the benefit of hindsight, but I notice now that was also the day that sisse changed outlook from sell to neutral so that level would have had some significance for him too I suppose.. see his enclosed chart. {image}
I knew when someone pointed it out it would have been right in front of me the whole time. Thanks for clear explanation to you and Earleone.
  • #144,247
  • Oct 14, 2016 6:16pm Oct 14, 2016 6:16pm
Quoting goosebone
{quote} I knew when someone pointed it out it would have been right in front of me the whole time. Thanks for clear explanation to you and Earleone.
Ha ha, Earleone was first ....and the Master himself hasn't spoken yet! ...we could be a mile off!!!
The spoken word is your master, the unspoken word your slave.
  • #144,248
  • Oct 14, 2016 9:54pm Oct 14, 2016 9:54pm
Personally I'm not ruling out longs yet. There's something about the price/volume relationship in this move down that makes it look very weak; in fact, makes it look like smart money is buying into it. It doesn't make sense on the FA side for EUR to become stronger than USD right now, but maybe there's a trigger lurking in the background that we don't know about yet? Anyway, I'm not going to attempt to catch a falling knife so will wait for a good reaction before entering long. But I'm not going to enter short here either.

By the way, if there's an iteration about Sisse's beer preference then put me down for San Miguel please
You reap what you sow.
  • #144,249
  • Oct 15, 2016 1:21am Oct 15, 2016 1:21am
Quoting Pharm0r
{quote} I didn't see it, but I like it!- good to see you're still around. Thank you for the comment Yes- I'm here now learning....always learning. Not much else for me to learn using mofu (in my opinion), but a plethora of fundamental trading for me to learn. Hence where I find myself now with sisse in this convo
even nicer
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  • #144,250
  • Oct 15, 2016 3:21am Oct 15, 2016 3:21am
Quoting Don96
{quote} even nicer {image}
yup
  • #144,251
  • Oct 16, 2016 6:27am Oct 16, 2016 6:27am
Hello Sisse, i found your post on GU 1.21 level, doesnt seem too far fetched now...

Quoting sisse
{quote} =>......... In case, panic is trigger, the multiyear low will be taken and below is pure AIR with nothing in between until 1.21xx as very distant Macroeconomic Fundamental Supports (UK last major recession shift after the deep recession of the 70s) that will be very hard to crack it in many years and will imply UK disintegrating (Scotland out) and Europe in turmoil and heavy protectionism which seems far fetched and too far in time to be relevant ...... sisse
  • #144,252
  • Oct 16, 2016 7:49pm Oct 16, 2016 7:49pm
Quoting Fisher755
{quote} Here, my map. With instructions for use LOL. {image}
Hey fisher. What on earth has happened to tah forum? Nothing seems to be present

??????????
If there is no enemy within, the enemy outside can do us no harm...
  • #144,253
  • Oct 17, 2016 4:32am Oct 17, 2016 4:32am
An uneventful week opening in Europe with only noise and more noise from the political front expected in the next couple of weeks.

--> On the Brexit front this weekend, N. Ireland joining Scotland rocking the boat with separations, referendums, threats and else, "Hard Brexit and lone [free]rider Little England" (and the end of the UK) getting momentum on the political front but all still in noise and posturing for now.

--> On the other side of the Atlantic, US also drowning [and very sadly] in third world politics and a shameful show of low level politics, insults, gossip and etc. The low IQ, xenophobic, racist [insert you favourite adjective as there is not enough words to describe him] making a whore house of the most powerful country in the world...Forget about ideology, a country like the US doesn't deserve such a poor show...

All politics expected and markets will be a bit subdue until at least we clear US election. On the trading side, nothing new, and not much to do. For this week, Chinese numbers for the Commodities and to lesser extend Equities front.

The main dish is ECB that should have been an uneventful meeting but the ECB 'QE tapering' gossips unlocked potentially a whole new chapter for the EURO. A timid and not so clear Draghi about killing QE will short-circuit EZ bond markets and will carry the Euro with it ...anything else will be uneventful...so until then ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,254
  • Oct 17, 2016 7:36am Oct 17, 2016 7:36am
Quoting sisse
On the other side of the Atlantic, US also drowning [and very sadly] in third world politics and a shameful show of low level politics, insults, gossip and etc. The low IQ, xenophobic, racist [insert you favourite adjective as there is not enough words to describe him] making a whore house of the most powerful country in the world.
For anyone who lives here and moves across the political spectrum, this is nothing new, but now these ugly aspects of US political life are dredged up from the stew pot bottom for all to see. It's not just here, either: I heard the anguished refrain, "I want my Country back!" from the old English on the eve of the Brexit vote, same as you'll hear at any Trump rally.

Well, if the UK falls apart - sad, sure. But if the USA falls apart, well the balance of power shifts across the globe and that could be quite dangerous. Maybe those shifts already well underway...could be good times for speculators.

US equities moving into another earnings season, now. Presidential election may still offer up some good material for the talk shows and the comedians, but it is more and more a done deal. Unless there be foul winds from abroad, I'd have to be bullish US stocks, especially post-election.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,255
  • Oct 18, 2016 2:07am Oct 18, 2016 2:07am
Quoting hoom
{quote} I have the original copy with all content and images !
Hi there again would really appreciate if you could share your copy of the content
kind regards
  • #144,256
  • Oct 18, 2016 3:04am Oct 18, 2016 3:04am
Quoting mayafx
{quote} Hi there again would really appreciate if you could share your copy of the content kind regards
Please do some research or ask Sisse for further info if you want else I would not be in a position to help you or anyone with this request , at least not now...

Let's say I would like to wait for a 'good timing' but as I said you can do some research as I have done in the first place , nothing out of scope for an average internet user !
Get Rich or Die Tryin
  • #144,257
  • Oct 18, 2016 3:14am Oct 18, 2016 3:14am
Quoting hoom
{quote} Please do some research or ask Sisse for further info if you want else I would not be in a position to help you or anyone with this request , at least not now... Let's say I would like to wait for a 'good timing' but as I said you can do some research as I have done in the first place , nothing out of scope for an average internet user !
Hi there
i m might not be an average internet user as i cant find anything regarding the gourmettrader in the internet.
if you are not willing to share what you have thats absolute ok with me
but then you should not post what you have and then pull back
regards
  • #144,258
  • Edited 3:58am Oct 18, 2016 3:24am | Edited 3:58am
Quoting mclon
The attached file is a compilation of the TCB material. If it shouldn't be here let me know and I will remove it. My thanks to sissie and all contributors to this thread. {image}
@mayafx Check this. Mclon put it together from the thread. Maybe it's what you need.
  • #144,259
  • Oct 18, 2016 3:31am Oct 18, 2016 3:31am
Quoting mayafx
{quote} Hi there i m might not be an average internet user as i cant find anything regarding the gourmettrader in the internet. if you are not willing to share what you have thats absolute ok with me but then you should not post what you have and then pull back regards
Sure , I share what I am willing to share , again my comment was quoting Sisse and only him . thanks for understanding and sorry for the confusion .
Get Rich or Die Tryin
  • #144,260
  • Oct 18, 2016 5:53am Oct 18, 2016 5:53am
Eyes on NY after a rather dull European session. Expecting US equities to find soft foot until Chinese numbers set the Commodity and to lesser extend FX board in motion for this week.

Quoting The Fool
{quote} For anyone who lives here and moves across the political spectrum, this is nothing new, but now these ugly aspects of US political life are dredged up from the stew pot bottom for all to see. It's not just here, either: I heard the anguished refrain, "I want my Country back!" from the old English on the eve of the Brexit vote, same as you'll hear at any Trump rally. Well, if the UK falls apart - ....
Indeed.

--> Once we clear the City and Finance issues with Brexit, little England has 'very little' (pun intended) to 'offer' to the world economy in terms of impact if they collapse. The rest of potential issues are only on the break up of the biggest common and trade market in the world (EU not UK) and geopolitical issues (Europe, Russia ,etc) rather than the UK itself.

--> Agree with you, the US falling apart into populist and in hands of the wrong people it's the last thing anyone want, for the sake of markets, let alone world peace ....

--> "I want my Country back!"... as if !!! ... ignorance and backwardness is the root of a lot of problems and most wars. Only 'in the name of religion [any]" has a higher stupidity toll and death rate in the last 2000 years.... When powerful and valid notions are prostitute, abuse and misuse to brainwash masses to the wrong reasons and causes ....history offers little comfort finding one that has ended up good ... hopefully the US will put a hard end to the non sense and lead these populists, racists and xenophobes outside of mainstream politics...

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