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The Really Useless Thread

  • #144,641
  • Oct 30, 2016 2:53pm Oct 30, 2016 2:53pm
Quoting sisse
{quote} I don't mind that much about bots at least for my trading style but what really gets into my nerves is fck politicians meddling with markets. Since 2008 and especially since the Debt crisis they have become everyday problems...when politicians gets involve....markets always gets screwed by BS and usually the average Joe gets to pay the bill if things go wrong.... {quote} Thanks Chester....no further comments you got 100% the point ... sisse
Yes, thanks to both, things much clearer now and dominos in the right place.
Another AHA moment..
PVSRA
  • #144,642
  • Edited 3:26pm Oct 30, 2016 3:15pm | Edited 3:26pm
EU...
BTW, I found something very interesting alright just by adding two events into my map...see for yourself..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiDaily.png Size: 97 KB

Added only NFP and Elections...placed Daily falling TL.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiH4 confluence 30.10..png Size: 87 KB

...after switching to H4 TF I got interesting confluence points in the green rectangles ( Flip- Falling daily TL- NFP/Elections).
Definitly worth watching..
PVSRA
  • #144,643
  • Oct 30, 2016 7:56pm Oct 30, 2016 7:56pm
Quoting chester123
{quote} sisse wrote perfect explanation. just maybe a hint which helps me a lot. add vertical lines to your chart. It perfectly shows you the spots of news and you can project the leg or the temporary short-circuiting of the leg or a game changer in a broader context of price and other news. just an example: my short term E/U chart. You nicely see where are gonna be spots of your trading interest and also broader context. {image}
Would you possibly elaborate with a little more detail?
Thanks.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #144,644
  • Oct 31, 2016 1:03am Oct 31, 2016 1:03am
Quoting TooSlow
{quote} Would you possibly elaborate with a little more detail? Thanks. Cheers!
Dear chester123,
i 2nd this, it will be great if you able to elaborate with more details, so that it can help a newbie like me..
thanks
  • #144,645
  • Oct 31, 2016 2:41am Oct 31, 2016 2:41am
Quoting TooSlow
{quote} Would you possibly elaborate with a little more detail? Thanks. Cheers!
well, it was not meant to mean anything too complicated. Just tried to say that if you put the vertical lines - you getter get the time perspective and you know when to expect a news-associated ebbs and flows and momentum - so those moments/news basically determine the way the swing looks....... so you know when to expect the news, which depending on the type of news, their expectations and their final outcome...... can either tigger:

a momentum if the news is favor of the recent short term leg direction (overshoot or a flop in fact vs. expectations, which is in favor of the leg in motion) - direct continuation flow
or
can temporarily short curcuit the leg by creating a retrace with a post-news flow (overshoot or a flop in fact vs. expectations, which is against the leg in motion) - usually a zig-zag move
or
completely kill it if the news is game changer (major overshoot or flop in fact vs. expectations, which newly defines the direction)

=) but this is not so much a question of timing but of an interpretation of the news

if you guys new to the thread it can help if you watch the posts here during some important news. bet it will help you understand
  • #144,646
  • Oct 31, 2016 3:22am Oct 31, 2016 3:22am
Quoting chester123
{quote}...add vertical lines to your chart ...
stealed from your charts some time ago.

definitively a simple but good hint to start track/project time and FA events and price correlation.
  • #144,647
  • Oct 31, 2016 3:57am Oct 31, 2016 3:57am
Hello everyone!

Im pretty new here on FF, this is my first post.
Im 24 years old, trading from Stockholm sweden, been trading for about 2 years now. Trading AU, UJ, EG and GU in the 5m perspective, using trend lines, support/resistance, Elliott wave and price action. Hope to learn alot from this thread!

Cheers!
  • #144,648
  • Edited 12:54pm Oct 31, 2016 7:00am | Edited 12:54pm
Taking 1.09x and closing the month towards 085x would confirm the roll play that Fadhl successfully called last week I believe. Closing under monthly low at 085x even better. Won't surprise me however if M rolls right at 0964.

--London did.
  • #144,649
  • Oct 31, 2016 11:37am Oct 31, 2016 11:37am
Quoting chester123
{quote} well, it was not meant to mean anything too complicated. Just tried to say that if you put the vertical lines - you getter get the time perspective and you know when to expect a news-associated ebbs and flows and momentum - so those moments/news basically determine the way the swing looks....... so you know when to expect the news, which depending on the type of news, their expectations and their final outcome...... can either tigger: a momentum if the news is favor of the recent short term leg direction (overshoot or a flop in fact vs....
Thanks Mate.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #144,650
  • Oct 31, 2016 1:08pm Oct 31, 2016 1:08pm
A simple day across the board without surprises.

Only update from the BOE. Carney staying for the storm which will make Sterling survive another day. As always the usual suspects got the confirmation way before the rest of the mortals but thats is usual in the City and will get worst in the upcoming months with them front-running all the Brexit news as they have the Government caught by its balls for the negotiations ...at least for now...

Tracking tangentially the calendar M closes but without surprises all cards already on the table ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,651
  • Oct 31, 2016 1:35pm Oct 31, 2016 1:35pm
Quoting sisse
A simple day across the board without surprises. Only update from the BOE. Carney staying for the storm which will make Sterling survive another day. As always the usual suspects got the confirmation way before the rest of the mortals but thats is usual in the City and will get worst in the upcoming months with them front-running all the Brexit news as they have the Government caught by its balls for the negotiations ...at least for now... Tracking tangentially the calendar M closes but without surprises all cards already on the table ... sisse
UJ monthly close looks exciting

Planning on buying a dip again, if opportunity presents. Dollar et all looking like it wants to offer another load before December if Nov FOMC plays ball
  • #144,652
  • Oct 31, 2016 2:10pm Oct 31, 2016 2:10pm
Quoting Pharm0r
{quote} UJ monthly close looks exciting Planning on buying a dip again, if opportunity presents. Dollar et all looking like it wants to offer another load before December if Nov FOMC plays ball
Its may get very tricky UJ. I am flat since the test 105.2x last week and I am not planning to trade it yet.

We have clashing forces at key levels. Via Dollar is the no brainer trade but Risk will be in play till election at least (depending on result can become permanent with Brexit / Nutter combo) and to put the cherry on top we have BOJ. In simple words not everything that glitters [in a chart] is gold.

Expectations for BOJ are a mixed bag of extremes, slightly leaned for BOJ to hold their horses given US election and to lesser extend Brexit risk (thats is for next year and beyond) leaving us in a wide cluster fck till year's end. 105.2x will be a hard nut to crack short term with risk on the table or without a very helping hand from the BOJ.

In simple words, IMO there is very poor value for risk trading at this area until the BOJ is not clear even though TA wise looks rather 'simple' on the M close. Have you ever heard or witnessed a triple zigzag? ...Tracking closely the BOJ before further decisions.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,653
  • Oct 31, 2016 2:28pm Oct 31, 2016 2:28pm
Top stuff Sisse and Chester.
  • #144,654
  • Oct 31, 2016 2:55pm Oct 31, 2016 2:55pm
Quoting sisse
{quote} Its may get very tricky UJ. I am flat since the test 105.2x last week and I am not planning to trade it yet. We have clashing forces at key levels. Via Dollar is the no brainer trade but Risk will be in play till election at least (depending on result can become permanent with Brexit / Nutter combo) and to put the cherry on top we have BOJ. In simple words not everything that glitters [in a chart] is gold. Expectations for BOJ are a mixed bag of extremes, slightly leaned for BOJ to hold their horses given US election and to lesser extend...
To put a number to the statement, I'm looking to buy below 103 handle....

mofumonics

I'll post up technical analysis charts and trade plan this evening for some discussion
  • #144,655
  • Oct 31, 2016 4:21pm Oct 31, 2016 4:21pm
...and we rolled, with Euro only one from the majors with something in play.

From a strictly TA point of view bulls barely held the calendar M roll (but not the actual trading close last Friday) one more time but now they will need a major game changer to avoid the almost unavoidable in the mid term ...

More importantly Euro unlocking momentum play for the mid term leg for the first time this year. (for those who have asked. This is the opposite of 'roll play' for triggers...check some of the old iteration for examples).

Very active weeks for trading expected. Plenty of movers and shakers in play and with all key markets taking sides. We have RBA, BOJ, BOE, NFP and elections and all that with FED as main dish in the middle .... ufff ...

There will be blood next few weeks, expecting major shake outs in play and obviously most unaware soft retail will be annihilated in the middle so for those newcomers, keep extra attention and avoid being the sucker caught in micro flows when major legs are in play ....

GL all this month ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,656
  • Oct 31, 2016 9:40pm Oct 31, 2016 9:40pm
Quoting sisse
... There will be blood next few weeks, expecting major shake outs in play and obviously most unaware soft retail will be annihilated in the middle so for those newcomers, keep extra attention and avoid being the sucker caught in micro flows when major legs are in play .... GL all this month ... sisse
Chart is US election season 2008, ^VIX range was 20 to 95....wtf happened to the markets?
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-10-31_1935VIX08.png Size: 78 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,657
  • Oct 31, 2016 9:52pm Oct 31, 2016 9:52pm
election season 2016, except for a quick pop post Jackson Hole, ^VIX not even able to nudge past 18....SPX stuck in a range since mid-July...some serious volatility long long overdue
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-10-31_1950vix16.png Size: 86 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,658
  • Nov 1, 2016 12:04am Nov 1, 2016 12:04am
Official : email review won't be done before election 
 
Source : CNN news 18
Re-Incarnated
  • #144,659
  • Nov 1, 2016 4:12am Nov 1, 2016 4:12am
Quoting The Fool
{quote}Chart is US election season 2008, ^VIX range was 20 to 95....wtf happened to the markets? {image}
Well Lehman happened back then !!!!... ...Election was not even a glitch that time.

Boat is still fully loaded in US Equities this time so only a major short-circuit in he US political front during or after election will rock the boat. Pointless to jump out deep on gossip short term and no brainer if the nutter wins for the mid term.

FED coming, the odds for a hike are nearly zero, a surprise will set the domino in motion for the VIX otherwise only political jitters and soap opera in tweet trading mode is in play volatility wise.

I won't be surprise of another scandal coming in the next couple of days or after if the election is too close to call or Clinton just edged by a tiny margin, the super fake, plastic rich guy doesn't come across as someone that will just concede without a fight or taking the system down with him...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,660
  • Nov 1, 2016 6:30am Nov 1, 2016 6:30am
tracking closely the 1.1025x for a flip ....
Re-Incarnated
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