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The Really Useless Thread

  • #145,561
  • Nov 22, 2016 10:48am Nov 22, 2016 10:48am
Quoting goosebone
{quote} Didn't read (or watch) the list yet but I read it was almost entirely comprised of the easy ones on the left side there.
I'd like to update the list to add what security each will effect (if any) and whether good or bad....perhaps sisse & others can help

something like this bastardized version
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  • #145,562
  • Nov 22, 2016 11:38am Nov 22, 2016 11:38am
Europe going home and markets look set to go to bed early today and prolly for the rest of the week.

Expecting commodities to rule the board for the rest of the week with OIL flirting to shift to the top side via the supply side for the mid term. $43.xx holding the M roll will pretty much lock levels all the way up to the 36.xx handle. For now back to break out and last last chance and/or crunching time for those on the short term swing.

On the rest of the board including the Euro, nothing to see but same levels, same trades, same all....

Quoting Pharm0r
{quote} I'd like to update the list to add what security each will effect (if any) and whether good or bad....perhaps sisse & others can help something like this bastardized version {image}
For a second I though I was reading Kim Jong-un N. Korea policy plan for 2017 ....jeez !!! talking about going backwards in time ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,563
  • Nov 22, 2016 12:18pm Nov 22, 2016 12:18pm
Quoting sisse
Europe going home and markets look set to go to bed early today and prolly for the rest of the week. Expecting commodities to rule the board for the rest of the week with OIL flirting to shift to the top side via the supply side for the mid term. $43.xx holding the M roll will pretty much lock levels all the way up to the 36.xx handle. For now back to break out and last last chance and/or crunching time for those on the short term swing. On the rest of the board including the Euro, nothing to see but same levels, same trades, same all.... {quote}...
lmfao, it really does seem pretty barbaric

there is an ethics bill though!
  • #145,564
  • Nov 22, 2016 12:54pm Nov 22, 2016 12:54pm
I like how he doesn't need Congress in order to 'propose' term limits on Congress.
  • #145,565
  • Nov 22, 2016 1:08pm Nov 22, 2016 1:08pm
Quoting goosebone
I like how he doesn't need Congress in order to 'propose' term limits on Congress.
Yeah ever since he was campaining on that one, I've wondered how you'll get Congress to agree to their own term limits....hopefully you don't need them....I am starkly in that camp. Welfare for the rich.
  • #145,566
  • Nov 22, 2016 1:22pm Nov 22, 2016 1:22pm
Quoting Pharm0r
For reference...lets see how many check marks at the end of 100 days {image}
Lock her up is out.

Trump aide Kellyanne Conway: No plan to pursue charges against Clinton

http://www.cnn.com/2016/11/22/politi...-donald-trump/
  • #145,567
  • Nov 22, 2016 1:33pm Nov 22, 2016 1:33pm
Quoting CARP.BLUFFS
{quote} Lock her up is out. Trump aide Kellyanne Conway: No plan to pursue charges against Clinton http://www.cnn.com/2016/11/22/politi...-donald-trump/
After Romney I wouldn't be surprised if Hillary gets a cabinet position.
  • #145,568
  • Edited Nov 23, 2016 12:34am Nov 22, 2016 1:49pm | Edited Nov 23, 2016 12:34am
Quoting goosebone
{quote} After Romney I wouldn't be surprised if Hillary gets a cabinet position.

Trump Foundation admits to violating ban on self-dealing, new filing to IRS shows

https://www.washingtonpost.com/polit...dd0_story.html
  • #145,569
  • Nov 22, 2016 2:59pm Nov 22, 2016 2:59pm
Quoting The Fool
seems like a pretty easy trade, no? - when the ^VIX dips to 11, you go long....
Donald Trump plays Illuminati golf with Santa all the time and I am sure we are in for a smooth grindup Santa Rally.......subject to some minor profit-taking dips here/there on the way....I don't have any conviction for clear volatility dates on the way to the Inauguration....Italian referendum, Austria revote, FOMC, hohum ....so I'm just throwing some long vol spreads out on Dec dates like cheap insurance for continuing stream of bullish SPX trades.....^VIX could go sub $10 setting up good long vol moneymaker opps for Q1 and beyond.

The ^VIX will grind along a bottom rail as traders buy the futures when it is down there dirt cheap, but it will do that for months, so no use in getting stupid and putting any real money long until the next scheduled blowoff, and I don't know what that is. Otherwise, just shooting in the dark for something unplanned, good way to go broke.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,570
  • Nov 22, 2016 4:22pm Nov 22, 2016 4:22pm
Quoting The Fool
I don't have any conviction for clear volatility dates on the way to the Inauguration.....
well sure the Dec FOMC is a clear binary opp and would be a shocker if they hold off at this point, but maybe they will, who knows?....the overwhelming consensus projections have been reliably wrong lately....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,571
  • Nov 23, 2016 6:23am Nov 23, 2016 6:23am
A soft European session with markets entering in sleep mode till December. Good numbers keep coming from the EZ and we have soft reports from the UK that are expected to have more populist content for the masses rather than any fundamental market value...

US Equities still in full control for today which is expected to be a rather a soft 'Holiday' session. On the FX board, Euro struggling to crack 1.064x and Sterling trading air in chop zone so expecting some soft shake outs on any soft UK GDP expectations but out of lack of open interest rather than active trading ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,572
  • Edited 8:24am Nov 23, 2016 7:39am | Edited 8:24am
Dollar opening further upside targets, EU and gold both opened. Gold already delivered 50% of expanded target bellow 1200 support but still a room to go. EMs currencies currently overperforming interestingly enough.
Hah and the JPY being sold like we are heading into time machine entering the forever green times again. GBP as usual lately overperforming the rest XUSDs.

EDIT: Shorted TRY against USD on short term play. EMs should be catching up with current levels that were cleared on dollar pretty much all across short term.
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  • #145,573
  • Nov 23, 2016 8:41am Nov 23, 2016 8:41am
Good numbers from the US keep coming while the UK keep descending on a spiral of improvisation and mismanagement...some kind of fiscal stimulus on the front but fiscal targets are going to fail by a mile or two in the best case scenario.

8 years of painful austerity and fiscal planning to the bin in 6 months ...brexit fiasco now adding fiscal mismanagement front for next year. What a massive fck up they are making of the UK.

Euro running soft hands on the lows and Gold crumbs away from completing final target ... US with a quick session until Europe goes home ...after that is nothing to see till next week...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,574
  • Nov 23, 2016 9:01am Nov 23, 2016 9:01am
Quoting janpec1000
Dollar opening further upside targets, EU and gold both opened. Gold already delivered 50% of expanded target bellow 1200 support but still a room to go. EMs currencies currently overperforming interestingly enough. Hah and the JPY being sold like we are heading into time machine entering the forever green times again. GBP as usual lately overperforming the rest XUSDs. EDIT: Shorted TRY against USD on short term play. EMs should be catching up with current levels that were cleared on dollar pretty much all across short term. {image}
Gold opened new setup for 100 pips downside, which targeteds and completes micro H4 setup.
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  • #145,575
  • Nov 23, 2016 9:16am Nov 23, 2016 9:16am
Macro hands raising the bid in the Euro ...watch-out for a washout for years end. Europe is set to go home triggering major early imminent break down alerts for the mid term leg...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,576
  • Nov 23, 2016 9:34am Nov 23, 2016 9:34am
Quoting janpec1000
{quote} Gold opened new setup for 100 pips downside, which targeteds and completes micro H4 setup. {image}
Done, gold to target short closed, H4 micro completed, now flat on view there. Still holding EU short 0580/stops on BE, current H1 micro pattern opened with daily candle close (not yet completed but without significant retrace is done deal) has opened further downside path for macros on EU (non direct play, not counting retraces).

EDIT: 7 more days to go till monthly candle close on EU, lets see if consolidation play till month end can override the weekly confirmation and already strongly confirm the downwards path.
  • #145,577
  • Nov 23, 2016 9:34am Nov 23, 2016 9:34am
Quoting sisse
Macro hands raising the bid in the Euro ...watch-out for a washout for years end. Europe is set to go home triggering major early imminent break down alerts for the mid term leg... sisse
....Yes.
  • #145,578
  • Nov 23, 2016 9:39am Nov 23, 2016 9:39am
Quoting sisse
Macro hands raising the bid in the Euro ...watch-out for a washout for years end. Europe is set to go home triggering major early imminent break down alerts for the mid term leg... sisse
Hello Sissie,
I have a query, if you can help me out please. What do you see for usdyen, any retrace around 113.6xx. Thanks in advance.
  • #145,579
  • Edited 11:35am Nov 23, 2016 10:17am | Edited 11:35am
Quoting sisse
and Gold crumbs away from completing final target ...
...I filled a GLD $130 call calendar for late March, a bet gold will grind back to $1,250 + in Q1 2017
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,580
  • Nov 23, 2016 12:17pm Nov 23, 2016 12:17pm
That was pretty much it till reports. Europe going home triggering imminent break down alerts for the mid term leg while commodities moving strong as expected since earlier in the week.

Expecting a soft session with US on holiday mode in an uneventful report with expectations to just confirm what we already know.

FED DEC 'expectations trading' officially ends today and we will enter in 'trade the fact' mode till Dec decision.

Only a extreme hawkish FED will add momentum for today and will automatically change short term outlook in dollar (Euro) to aggressive buy (sell)

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