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The Really Useless Thread

  • #145,821
  • Nov 30, 2016 10:55am Nov 30, 2016 10:55am
First round of closes. EZ Equities barely held a neutral close (DAX and CAC ) but they will need a very generous help from ECB and Italy next week to avoid a painfully bearish yearly close.

FTSE also barely held in Neutral but it looks awfully hard to hold for much longer. OIL and Commodity rally is very bad news for the UK (the last thing they needed for next year) and they are floating on air until US and EZ flows are cleared this year. Let's just said for now, that the odds of today next year being remotely close to the current levels are pretty much evaporated if things on the Brexit don't radically change (or even shift) .... for now yearly close first but the perfect storm is on top of the Island ....

Tracking Energies and commodity close next ....

Quoting Pharm0r
{quote} What? GU hasn't moved a stone EU/AU/UJ are the movers
Yen* is irrelevant for the current moves.

While Sterling* got a very bad hammer via inflation (OIL and commodities). BOE will have a very hard time devaluing Sterling further as the shock in inflation next months (real wages and consumer spending) is going to be very bad already, now with further external inflationary pressures this is going to be a fck up scenario for next year...GU will mainly move and softly as collateral of Dollar for the foreseeable future.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,822
  • Nov 30, 2016 11:56am Nov 30, 2016 11:56am
Quoting iMBS
{quote} Sorry to ask again what's rationale behind 1.061x, please.
Short term Daily Resistance zone from 610 up to 685 being tested by bulls. Close under 610 st bearish. Close between 650-685 st bullish, close over 685 st big bullish

That's what I got on it. But maybe dangerous to listen to my take.
  • #145,823
  • Nov 30, 2016 1:18pm Nov 30, 2016 1:18pm
lol
Attached Image
  • #145,824
  • Nov 30, 2016 1:22pm Nov 30, 2016 1:22pm
Quoting sisse
NY still in full control with very eager bulls flirting with a proper break ...day far from over... sisse
spoos says meh, the Trump rally could really use a good blow to get ready for Santa Claus. What's your view on gold?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,825
  • Nov 30, 2016 1:31pm Nov 30, 2016 1:31pm
Quoting Pharm0r
{quote} What? GU hasn't moved a stone EU/AU/UJ are the movers
Depends what TF your looking at. We are cooked and baked for tomorrow high clearout, the move is baked from lower micros no matter how much small current move looks.
  • #145,826
  • Nov 30, 2016 1:38pm Nov 30, 2016 1:38pm
Quoting Pharm0r
lol {image}
When JPY gets going it can really get and keep going, looks like those market participants are not aware of that. However when those XJPY rallies correct they correct heavily.
  • #145,827
  • Nov 30, 2016 1:53pm Nov 30, 2016 1:53pm
Quoting janpec1000
{quote} When JPY gets going it can really get and keep going, looks like those market participants are not aware of that. However when those XJPY rallies correct they correct heavily.
those market participants are fake
  • #145,828
  • Nov 30, 2016 5:11pm Nov 30, 2016 5:11pm
...and we rolled no surprises across the board. All flows and levels panned out flawlessly as expected since US election flows.

--> Equities held the break ATH, making things a lot easier for the ECB/FED final combo of the year combo.

Quoting sisse
.... I am expecting to close above ATH highs this month before ECB/FED [check] combo but it will become 'unswingable' (just quick in and out with the herd but extremely hard trading environment) to the long side on a break at this time and with the current circumstances. I still think Europe will trigger the global selloff in Equities sooner rather than later. Trump will just add to the fire and potentially trigger the a downtrend later on the chain... sisse
--> GOLD held 1170.xx, leaving a quick exhaustion in and out for the actual FED play but all constrain to ECB tapering or no. A dovish ECB will put as in wide chop zone for a few months ...

Quoting sisse
-> 1419.xx (Steel R) ----> 1315.xx (Strong R)[check] ----> 1245.xx (FLIP)[check] ---->1216.xx [check] (Support)----> 1170.xx [check closed 118x](Very Strong S)
--> Dollar also easily held the break 100.xx and we are in launching platform for DEC FED but now with Trump nationalism and fiscal irresponsibility on sight pushing the board at least for the short term...

Quoting sisse
{quote} ...--> VERY IMPORTANT check DXY @100.xx in DOLLAR pretty much completing the RMT leg for DEC hikes [in play]
--> and finally Euro flawlessly flow losing key 1.061x for the M close and confirming imminent break down alerts in Q/M/W/D. The back post from early Nov pretty much is all that it needs to be said.

For those who were following the FA conversations this month here is the 'after markets has spoken' results of the expectations...

Quoting sisse
{quote} Dollar in full control of the board completing the expectations ride on hikes DEC ...[check]
Quote
Officially we are turning the page in currencies, next chapter in Dollar is inflation picking up and how many hikes for next year after Trump but before we have ECB in full control. [check]

Quote
Expecting the currency board to start shifting from Dollar to Euro* [check] until ECB.

Quote
We couldn't completed Yen final ext target by crumbs but expecting to be completed with Tokyo [check ...it went a couple handles more]

Quote
Euro trading air and completing 1.061x [check]

I hope some can get something out of this.

--> On the rest, we are ready for December. Expecting a very moving month, NFP could trigger soft capitulations moves for DEC hikes but the real short-circuits or unlocking of further targets come with ECB and Italy in the upcoming days.

--> Also expecting the end of year to be flooded with political BS especially from the UK Government that will use 'Christmas extra air time' as last chance to use a key populist platform to keep the masses inline for what is aligning as the perfect storm next year.

--> From the Trump side also expecting lots of noise and dick swinging and political posturing for Dec and early January. Strong and aggressive announces expected during the honeymoon period but at the same time carrots for the big bastards via tax cuts and sticks with each new dinosaur that joins his inner circle and key positions of power....

Beyond that is for the yearly wrap up and expectations ...for now: All maps crystal clear with same levels, same trades, same all....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,829
  • Nov 30, 2016 5:40pm Nov 30, 2016 5:40pm
Quoting sisse
... but at the same time carrots for the big bastards via tax cuts and sticks with each new dinosaur that joins his inner circle and key positions of power....
https://en.wikipedia.org/wiki/Steven_Mnuchin

Mnuchin at Treasury - 17 years with the Squid, a partner in crime with George Soros (the other GS) - a true Man of the People - I'm sure the swastika, guns 'n ammo boys are wondering wtf? .... but a govt of, by, and for hucksters, scammers, corporate raiders and other vultures - just our types, right? What could go wrong? Well who gives a phuck while the ultra-rich get ultra-richer?

GS was up >3.5% today....I made money.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,830
  • Nov 30, 2016 6:24pm Nov 30, 2016 6:24pm
Quoting The Fool
{quote} https://en.wikipedia.org/wiki/Steven_Mnuchin Mnuchin at Treasury - 17 years with the Squid, a partner in crime with George Soros (the other GS) - a true Man of the People - I'm sure the swastika, guns 'n ammo boys are wondering wtf? .... but a govt of, by, and for hucksters, scammers, corporate raiders and other vultures - just our types, right? What could go wrong? Well who gives a phuck while the ultra-rich get ultra-richer? GS was up >3.5% today....I made money.
for those that play the game, it also provides a spring board from poor to rich
  • #145,831
  • Nov 30, 2016 6:53pm Nov 30, 2016 6:53pm
Quoting goosebone
{quote} Gotcha. I thought it was funny and I deserved it anyway. New personal rule for me is no posting after 3rd rum.
So people started ignoring me and giving cryptic messages. What gives¿
re read my post and I still think is a valid question and topic...
  • #145,832
  • Edited 9:31pm Nov 30, 2016 8:41pm | Edited 9:31pm
Quoting thewriter30
{quote} So people started ignoring me and giving cryptic messages. What gives re read my post and I still think is a valid question and topic...
Jesus Maria is it a full moon today? I have no idea what you are talking about. Dont know who ignored you nor care to find out. If I pissed you off too by carrying fool's joke about jill stein please understand that was never my intention. I get it. No jokes. Won't happen again. Some people mix biz with fooling around some don't. End of story ffs.
  • #145,833
  • Nov 30, 2016 10:01pm Nov 30, 2016 10:01pm
Quoting goosebone
{quote} Jesus Maria is it a full moon today? I have no idea what you are talking about. Dont know who ignored you nor care to find out. If I pissed you off too by carrying fool's joke about jill stein please understand that was never my intention. I get it. No jokes. Won't happen again. Some people mix biz with fooling around some don't. End of story ffs.
wtf... grab the flamethrower and melt some snow
  • #145,834
  • Nov 30, 2016 10:07pm Nov 30, 2016 10:07pm
Quoting goosebone
Dont know who ignored you nor care to find out. If I pissed you off too by carrying fool's joke about jill stein please understand that was never my intention.
Fuck Everybody.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,835
  • Dec 1, 2016 12:22am Dec 1, 2016 12:22am
Quoting The Fool
{quote}Fuck Everybody.
lol
Look Sharp/Trade Tight
  • #145,836
  • Dec 1, 2016 4:41am Dec 1, 2016 4:41am
Quoting janpec1000
{quote} Depends what TF your looking at. We are cooked and baked for tomorrow high clearout, the move is baked from lower micros no matter how much small current move looks.
Baked and ready to eat. Highs cleared closing 50% of long here 2580, leaving the rest to final target. Still further to go.
  • #145,837
  • Dec 1, 2016 5:03am Dec 1, 2016 5:03am
Quoting janpec1000
{quote} Baked and ready to eat. Highs cleared closing 50% of long here 2580, leaving the rest to final target. Still further to go.
So where you long or short? Earlier you said your longs got stopped out. Now youre clearing longs?
  • #145,838
  • Dec 1, 2016 5:12am Dec 1, 2016 5:12am
Quoting Pharm0r
{quote} So where you long or short? Earlier you said your longs got stopped out. Now youre clearing longs?
I loaded intraday new ones today. Full target on GBP now done from my view, flat now.
AUD and NZD atm opening potential downward moves. Gold also on sight, altough for now relatively small target.
  • #145,839
  • Dec 1, 2016 6:08am Dec 1, 2016 6:08am
hi guys,

long time just reading the heavy material by the senior member trying to digest them all without disturbing the thread ....thankx all for the info and big thankx to sisse ....
Re-Incarnated
  • #145,840
  • Dec 1, 2016 7:23am Dec 1, 2016 7:23am
Very moving European session across the board with Equities extending the lows but more importantly OIL taking back the $50.xx handle while GOLD flirting to be the first to trigger the exhaustion leg for ECB/NFP combo.

Sterling* short-circuiting as it was expected with the heavy rally and high expectations in Commodities. Inflation will hit massively before article 50 at this pace.

Finally and also important EZ numbers printing very solid numbers and without the political risk (and the brexit fiasco) in the horizon we should be ready to start flying 'very high' next year. Italy will play a major roll on the ECB tone of voice and choice of words next week.

Expecting Euro to start jittering in the next couple of sessions as short term risk hedges take over for the weekend. Failure to take the 1.05xx handle by NFP will leave us with a wide range for the risk play so managing positions accrodingly for the W close ....

NY coming with nothing in play this time except continuation across the board....

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