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The Really Useless Thread

  • #144,301
  • Oct 20, 2016 10:57am Oct 20, 2016 10:57am
Quoting Earleone
{quote} Taken out at SL for me . Well that is what can happen when wrong . Waiting for Sisse's report from ECB . What I understand is that they has not discussed to extend the QE after end of March. And from that I for now conclude that they by that will possible end it after March. And that should be bullish Euro. I can be very wrong about this. Wait for the captains conclusion .
They might have discussed but they didn't reach a consensus/majority. it seems some uncertainties within ECB members: level of current EU; brexit; economic state of European countries (i.e., Italy, Greece, Portugal, Spain); risk from banks...
  • #144,302
  • Oct 20, 2016 11:01am Oct 20, 2016 11:01am
Quoting Fadhl
{quote} They might have discussed but they didn't reach a consensus/majority. it seems some uncertainties within ECB members: level of current EU; brexit; economic state of European countries (i.e., Italy, Greece, Portugal, Spain); risk from banks...
Yes, agree. Also market continue bearish Euro after conference.
Trading in the shadow of SM
  • #144,303
  • Oct 20, 2016 11:26am Oct 20, 2016 11:26am
Quoting PayTheLimit
{quote} lol, one of my all time favorite things said on this site...
You see the batman on AU? I tweeted you
  • #144,304
  • Oct 20, 2016 11:34am Oct 20, 2016 11:34am
Quoting Earleone
{quote} Taken out at SL for me . Well that is what can happen when wrong . Waiting for Sisse's report from ECB . What I understand is that they has not discussed to extend the QE after end of March. And from that I for now conclude that they by that will possible end it after March. And that should be bullish Euro. I can be very wrong about this. Wait for the captains conclusion .
It's ok to think for yourself

I have to see the reactions to 0880 and 0899 before I make my decision to close or not. I don't use sisse's technical analysis so 0940 was not part of my plan
  • #144,305
  • Oct 20, 2016 11:46am Oct 20, 2016 11:46am
Hollande warns again: UK will get a hard Brexit if May pursues tough approach – Hollande
https://www.theguardian.com/politics...roach-hollande
  • #144,306
  • Oct 20, 2016 12:23pm Oct 20, 2016 12:23pm
Quoting Earleone
{quote} Taken out at SL for me . Well that is what can happen when wrong . Waiting for Sisse's report from ECB . What I understand is that they has not discussed to extend the QE after end of March. And from that I for now conclude that they by that will possible end it after March. And that should be bullish Euro. I can be very wrong about this. Wait for the captains conclusion .
What I took from this was a zig zig play .... Where profit taking was done on the fact that draghi kept everything the same with no discussion on anything else so nothing to really push the euro down or up so that's why priced spiked.... And the continuation...Also he said he would continue until March and beyond if need be so I guess still bearish on euro .... Until we get actual news on tapering or ending I guess outlook is still sell
  • #144,307
  • Oct 20, 2016 1:13pm Oct 20, 2016 1:13pm
Quoting Earleone
{quote} Taken out at SL for me . Well that is what can happen when wrong . Waiting for Sisse's report from ECB . What I understand is that they has not discussed to extend the QE after end of March. And from that I for now conclude that they by that will possible end it after March. And that should be bullish Euro. I can be very wrong about this. Wait for the captains conclusion .
Maybe they don't deem it necessary to talk about extensions yet. Who knows maybe in december there will be more info.
  • #144,308
  • Oct 20, 2016 1:51pm Oct 20, 2016 1:51pm
A simple flow today with ECB inline with expectations. Not much to update with all markets behaving accordingly.

On the iteration front no surprises with soft hands as widely expected since last week getting caught calling a low against a simple trend move.

Quoting sisse
...and target 1.097x tested....well done all shorts on iteration 20 ... {quote} ++++ TABLE for Iteration 20D +++++ Currently Euro trading @ 1.100x " "Survival of the fittes....

++++ TABLE forIteration20D+++++

Currently Euro trading@ 1.100x

""Survival of the fittest | Winners take all""

Q20D: ONLY.
-->How would you trade the next leg?

-> LMT BUY 1.1020x -> TP1 => 1.107x -> TP2 1.116x | STP1.094x[check]

Earleone

Pharm0r

Bye bye @earlone and @Pharm0r ....only 13 left.

@Pharm0r you owe me a beer that js a fact and confirmed. Not going to do a 'walk of shame" because there is nothing wrong on getting a bad trade in this business....

However, if you want to ever poke me again and play with the 'big' boys you better raise your game....je je je just pay back time and kidding..

For real i will use you both and also @Vorex and @NorhTrader (they should be out too but i won't bend the rules) when we wrap up this iteration becauae in this wrong last call there is a lot ofkey points that will answer lota of the pending questions both FA and TA but especially on proper trading and risk management.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,309
  • Oct 20, 2016 1:55pm Oct 20, 2016 1:55pm
Of course, your game your rules..... beer inbound- shoot me your real name and address

There will of course be more pokes, I like conflict....typical American
  • #144,310
  • Oct 20, 2016 2:04pm Oct 20, 2016 2:04pm
Quoting Pharm0r
{quote} You see the batman on AU? I tweeted you
I only saw it now...me thinks there is support here at 7617, and 7583, but I'm done with it this week...
Look Sharp/Trade Tight
  • #144,311
  • Oct 20, 2016 2:07pm Oct 20, 2016 2:07pm
Quoting Pharm0r
....typical American

typical jackass you mean....
Look Sharp/Trade Tight
  • #144,312
  • Oct 20, 2016 2:10pm Oct 20, 2016 2:10pm
Quoting PayTheLimit
{quote} typical jackass you mean....
Not my fault you're a ninny
  • #144,313
  • Oct 20, 2016 2:12pm Oct 20, 2016 2:12pm
lol...love it..

night boys, get some sleep...
Look Sharp/Trade Tight
  • #144,314
  • Oct 20, 2016 2:13pm Oct 20, 2016 2:13pm
night night sleep tight
  • #144,315
  • Oct 20, 2016 3:43pm Oct 20, 2016 3:43pm
It would be an honor for me just to watch the Big Boys play. I learn best that way.

I would love to square up and pay for some beers. I have learned a lot even though I'm out of the game or teaching excercises.
  • #144,316
  • Oct 20, 2016 11:50pm Oct 20, 2016 11:50pm
Quoting sisse
For real i will use you both and also @Vorex and @NorhTrader (they should be out too but i won't bend the rules) when we wrap up this iteration becauae in this wrong last call there is a lot ofkey points that will answer lota of the pending questions both FA and TA but especially on proper trading and risk management. sisse
But but but....lol

At the time of the iteration we were around 1.10x, price has already went down a few handles, I didn't see the RR good to go short, I rather wait for a retrace to short, it didn't happen until yesterday with the ECB when price went up to 1.103x, I prefer to short higher still but price didn't get there.

In August I had a pending short at 1.138x which I missed by 14 pips, I would have held for weeks but missed it and since I've been waiting for price to go back up to short but it hasn't, so to short at 1.10xx when price has already gone down close to 400 pips from where I wanted to short just didn't seem good RR.
  • #144,317
  • Oct 21, 2016 12:03am Oct 21, 2016 12:03am
Quoting sisse
For real i will use you both and also @Vorex and @NorhTrader (they should be out too but i won't bend the rules) when we wrap up this iteration becauae in this wrong last call there is a lot ofkey points that will answer lota of the pending questions both FA and TA but especially on proper trading and risk management. sisse
I say thank you for the lesson, It is well worth some beers from me too . It costed me a little bit, but then hopefully I remember better. Cheaper to learn from others mistakes. By doing them myself I remember them better. I saw the mistake and actually what it was a day or two after. I learned something. My conclution: ( Fade the handles from weekly / monthly ) And in any case do not go against the fade in neutral or with opposite outlook.
Trading in the shadow of SM
  • #144,318
  • Oct 21, 2016 12:59am Oct 21, 2016 12:59am
Sisse, great sell signal last month...still prolly one of the best long term indicators out there...the previous signal was a loss, but this one has a nice edge already
Attached Image
Look Sharp/Trade Tight
  • #144,319
  • Oct 21, 2016 1:19am Oct 21, 2016 1:19am
hell cable is short from 1.50....there was some chop before this last sell, but still, I guess you could weed out a few flips maybe looking at the H/L's of each month...but in the end it prolly beats anything else out there...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 5 KB
Look Sharp/Trade Tight
  • #144,320
  • Edited 2:08am Oct 21, 2016 1:22am | Edited 2:08am
...and I will take that. Double hit in the Euro. Clearing main target with the test 1.088x for those on the last roll play and clearing final target for those on the short term swing from the 1.13xx handle.Only remaining mid term targets left open ...

On the iteration front: GAME, SET, MATCH for those on iteration 19....and that's how you swing from A to Z. Extended wrap up coming.

On iteration 20, also all cleared, very well down all shorts. We will open the next leg for the last 12 still standing in a few...

sisse

Quoting sisse
++++ IN ++++ +++++ OPENING TABLE for Iteration 19D +++++ Currently Euro trading @ 1.100x " Retrace or Reversal PART II - Frustration, Price & Indicators" Q19D: a. "Nothing to see for today minutes will just confirm hikes 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 Fadhl clayjay +++++ OPENING TABLE for Iteration 20D +++++ Currently Euro trading @ 1.100x " "Survival of the fittest | Winners take all"" Q20D: ONLY --> Minutes on their way with hikes pretty much a done deal,

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

Currently Euro trading @ 1.100x

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

Q19D:

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 [check]

Earleone

primejarvis

nutts

goosebone

CommercialB

eborn

ptoftangency

suntan

chester123

Fisher755


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

Fadhl

clayjay


+++++ OPENING TABLE for Iteration 20D +++++

Currently Euro trading @ 1.100x

" "Survival of the fittest | Winners take all""


--> How would you trade the next leg?

-> LMT SELL 1.1020x -> TP1 => 1.097x -> TP2 1.088x [check] | STP > 1.110x

Fadhl

nutts

primejarvis

goosebone

CommercialB

Grinsakh

clayjay

hoom

Vorex

RoelsMajor

ptoftangency

NorthTrader

mayafx


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