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The Really Useless Thread

  • #144,441
  • Oct 25, 2016 8:19am Oct 25, 2016 8:19am
...watch-out for Sterling as expected since yesterday and for NY Yen that is heading for the home run.

sisse

PS: @NorthTrader sure didn't imply that you were wrong on the strategy by itself but rather that it was not recommend for some just starting with options and hedging .... we will need a whole series on it to establish some decent conversation ... we will invite the @Fool and a few others to open one in the upcoming weeks...sounds like it will be useful for a lot of traders around
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,442
  • Oct 25, 2016 8:33am Oct 25, 2016 8:33am
Quoting sisse
....-->Whatever the case, one more time GU and GY entering in choose your poison time. At these levels if you don't know what you are doing is better to look somewhere else. As widely expected 1.228x only level in play.

...and I will take that in GU ...clearing first target on the test 1.211x...well done all holding shorts... this is not a simple ride given the levels so if you don't know how to manage a position in a panic move ...its better to just stay aside and track it for future reference ...

Carney on the wires, should be irrelevant in 'normal' circumstances but we are not in normal circumstances in the UK ...thin markets trading air so watch out for sharp spikes intraday....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,443
  • Oct 25, 2016 8:40am Oct 25, 2016 8:40am
Quoting sisse
...watch-out for Sterling as expected since yesterday and for NY Yen that is heading for the home run. sisse PS: @NorthTrader sure didn't imply that you were wrong on the strategy by itself but rather that it was not recommend for some just starting with options and hedging .... we will need a whole series on it to establish some decent conversation ... we will invite the @Fool and a few others to open one in the upcoming weeks...sounds like it will be useful for a lot of traders around...
Yes! bwahahaha
  • #144,444
  • Oct 25, 2016 8:55am Oct 25, 2016 8:55am
Closed GBPUSD too soon at daily support 2 (1.216x). Looks like it's going for the homerun after all! No need for me to get greedy though. Limited movement in EURUSD meanwhile.
  • #144,445
  • Oct 25, 2016 10:15am Oct 25, 2016 10:15am
"saved by the bell" ...miss in US numbers avoided a major clean sweep today in Sterling and to lesser extend Euro.

Europe going in a rather dull day at the end ...nothing new, same levels, same trades, same all ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,446
  • Oct 25, 2016 11:53am Oct 25, 2016 11:53am
...and that was it for another very very very noisy day in Europe.

--> Bad news today confirmed from the EU falling miserably to close the deal with Canada because of a random socialist fight in local politics in tiny Belgium....

The anti free market, free trade, anti everything "that doesn't look or act like me" movement sweeping Europe (and the US flirting with it). World economy is going backwards, populism and nationalism going upwards ...who wants to bet or check history to see how it will end up? ... I pass...

--> More importantly short term for trading, on the UK front more bad news with Carney pretty much confirming that inflation will hit ground very fast and very soon. Things are going to get very nasty for the average British worker in the next few months. UK bonds short-circuiting in the last sessions. We are naked in all fronts for a major blow....Tick-Tock Tick-Tock Tick-Tock ....

Yen and Gold quietly on the move ...risk leaking slowly into the walls ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,447
  • Oct 25, 2016 12:05pm Oct 25, 2016 12:05pm
Quoting sisse
...and that was it for another very very very noisy day in Europe. --> Bad news today confirmed from the EU falling miserably to close the deal with Canada because of a random socialist fight in local politics in tiny Belgium.... The anti free market, free trade, anti everything "that doesn't look or act like me" movement sweeping Europe (and the US flirting with it). World economy is going backwards, populism and nationalism going upwards ...who wants to bet or check history to see how it will end up? ... I pass... --> More importantly short term...
but its complicated time-wise - the political risk-off is hard to guess - but unless something major strikes from the political side I think we still have minimum one week (due to BoE and BoJ )before the storm strikes - one week for levitating on the highs.
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  • #144,448
  • Oct 25, 2016 1:16pm Oct 25, 2016 1:16pm
spoos stumbling along in a 20-pt range m/l the last month+, I guess it shoulda been easy to see risk assets would lock down until after the election. I still think US stocks are poised for healthy breakout & runup to the end of the year, so long as news from overseas does not spoil Christmas.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,449
  • Oct 25, 2016 2:06pm Oct 25, 2016 2:06pm
@sisse ... Any updates on eu
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  • #144,450
  • Oct 25, 2016 2:06pm Oct 25, 2016 2:06pm
Quoting The Fool
spoos stumbling along in a 20-pt range m/l the last month+, I guess it shoulda been easy to see risk assets would lock down until after the election. I still think US stocks are poised for healthy breakout & runup to the end of the year, so long as news from overseas does not spoil Christmas.
AAPL reports earnings tomorrow, w/ 3.5% of the S&P maybe a big move there will get the index moving too....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,451
  • Oct 25, 2016 2:08pm Oct 25, 2016 2:08pm
Quoting primejarvis
@sisse ... Any updates on eu
http://www.forexfactory.com/showthre...97#post9217197
Trading in the shadow of SM
  • #144,452
  • Oct 25, 2016 2:14pm Oct 25, 2016 2:14pm
Quoting The Fool
{quote}AAPL reports earnings tomorrow, w/ 3.5% of the S&P maybe a big move there will get the index moving too....
and DB on thursday. wonder if there is something to expect from that side
  • #144,453
  • Oct 25, 2016 2:15pm Oct 25, 2016 2:15pm
Quoting Earleone
{quote} http://www.forexfactory.com/showthre...97#post9217197
Thankx ... But I already read that ... Was just curious to know is the flip level right now in eu is still the same old 1.097x or something else ... I have 1.098x ...
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  • #144,454
  • Oct 25, 2016 2:20pm Oct 25, 2016 2:20pm
I really know nothing about equities ... Or any other markets rather than currency ... Was trying to grasp something from the last 3-4 pages on the thread but to be very Frank nothing got inside the brain .... The talks between all of you was a little high level ... And I was like counting the stars in the sky ...
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  • #144,455
  • Oct 25, 2016 2:30pm Oct 25, 2016 2:30pm
Quoting primejarvis
I really know nothing about equities ... Or any other markets rather than currency ... Was trying to grasp something from the last 3-4 pages on the thread but to be very Frank nothing got inside the brain .... The talks between all of you was a little high level ... And I was like counting the stars in the sky ...
Exactly why I'm excited to roll in different investment vehicles to the discussion (futures, equities, options, etc)

I believe that will help give some context into sisse's posts as well, when he talks about oil, gold, equity, etc effects vs economic factors or rumors from the talking heads
  • #144,456
  • Oct 25, 2016 2:38pm Oct 25, 2016 2:38pm
...and to complete the noisy day a very old forgotten friend of us traders back on the scene for the first time since the last band floor debacle, rumour and a bit more than that, SNB active in the markets and about to step even further in the FX market... CHF on the spotlight (need to dust those charts that are buried deep down on the trading list).... some 'mean hands' eyeballing EC 1.04xx to put a bit of pressure on SNB ...

All risk instruments 'strangely' and quietly on the move ....

sisse

Quoting chester123
{quote} but its complicated time-wise - the political risk-off is hard to guess - but unless something major strikes from the political side I think we still have minimum one week (due to BoE and BoJ )before the storm strikes - one week for levitating on the highs. {image}
Put it in perspective ...we are talking about the first trigger in a macro mid and long term leg in Equities ... basically don't get that close to the market in terms of exact timing but rather be ready and alert...as you said we have BOE, BOJ, US election etc but what is cooking(ed) in the background is already 'ready' to be served either as first dish or dessert ....we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,457
  • Oct 25, 2016 2:40pm Oct 25, 2016 2:40pm
https://www.bloomberg.com/gadfly/art...flation-pickup

lol, volatility didn't get the memo, but post Dec. 13, or maybe Xmas, things might be different....check TLT, <$120 here we come by January?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,458
  • Oct 25, 2016 2:41pm Oct 25, 2016 2:41pm
Quoting Pharm0r
{quote} Exactly why I'm excited to roll in different investment vehicles to the discussion (futures, equities, options, etc) I believe that will help give some context into sisse's posts as well, when he talks about oil, gold, equity, etc effects vs economic factors or rumors from the talking heads
I did get ur point ... In-sort we(atleast me) know nothing about equities have to bloody hell start again from scratch and on the talking heads I really don't care about rumors because according to me if you are good TA wise you don't have to worry about the craps ... Simple money management and good TA knowledge can make you enough money for a living ... But for more you have to understand what sisse and other fa masters out here are trying to spread ...
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  • #144,459
  • Oct 25, 2016 2:59pm Oct 25, 2016 2:59pm
Quoting sisse
{quote} Table will close automatically with the bell/opening range...so last few minutes Thanks ad GL all ... IN +++++ TABLE CLOSING for Iteration 20E +++++ Currently Euro trading @ 1.088x "Survival of the fittest | Winners take all" -> LMT BUY 1.081x -> TP1 => 1.091x -> | STP > 1.075x -> LMT SELL 1.091x -> TP1 => 1.081x -> | STP > 1.097x Fadhl CommercialB nutts goosebone...
Since nobody took the other side in iteration 20E. I am reopening the table with a twist to make. it more interesting...

We are going to apply 'don't be dick for a tick' rules for entry this time:

Q20E: Euro rejected the lows but failed failed by a couple of ticks to trigger entry 1.091x today so the new question is Do we have a 'roll play' for today?

+++++ REOPENING TABLE for Iteration 20E +++++

Currently Euro trading @ 1.088x

"Survival of the fittest | Winners take all"

Fadhl nutts primejarvis goosebone CommercialB Grinsakh clayjay hoom RoelsMajor ptoftangency mayafx


--> If yes:

-> LMT SELL 1.090x -> TP1 => 1.081x -> | STP > 1.097x


--> If no:

-> LMT BUY 1.090x -> TP1 => 1.097x -> | STP > 1.083x


Choose your poison time until the roll .... remember this about fast reaction and quick in and out flows ....so GL one more time [for those not in the iteration feel free to think about it ...especially @ Pharm0r)
sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,460
  • Oct 25, 2016 3:14pm Oct 25, 2016 3:14pm
Sell please
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