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The Really Useless Thread

  • #146,581
  • Dec 22, 2016 7:20am Dec 22, 2016 7:20am
Quoting sisse
{quote} Yes they have. No that 1.087x -> 1.0352 is way out of scope for the intraday range we were discussing .... maybe somebody else want to quickly post one before the news. sisse
Ooops damn, forgot about upcoming US data, maybe should've expanded that 4hr range ..ah well!
The spoken word is your master, the unspoken word your slave.
  • #146,582
  • Dec 22, 2016 7:21am Dec 22, 2016 7:21am
Quoting sisse
{quote} Yes they have. No that 1.087x -> 1.0352 is way out of scope for the intraday range we were discussing .... maybe somebody else want to quickly post one before the news. sisse
Tis not hard..
Average daily range for today...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 59 KB

But there is a question how soon liquidity Will dry out ( it is partially already) and so imo not worth trading until second week on Jan.
PVSRA
  • #146,583
  • Dec 22, 2016 7:24am Dec 22, 2016 7:24am
Quoting sisse
{quote} Yes they have. No that 1.087x -> 1.0352 is way out of scope for the intraday range we were discussing .... maybe somebody else want to quickly post one before the news. sisse
For intraday I have the following levels in attached chart that is a 1H chart. ( outlook ST sell)

Edit: ( was zooming to much in so 1.0666 did not show
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 39 KB
Trading in the shadow of SM
  • #146,584
  • Dec 22, 2016 7:32am Dec 22, 2016 7:32am
overshoot in GDP ...and US is closing the year with top marks in all economic number fronts...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,585
  • Dec 22, 2016 7:36am Dec 22, 2016 7:36am
Quoting sisse
overshoot in GDP ...and US is closing the year with top marks in all economic number fronts... sisse
...now no excuse for equities not to pop for xmas
The spoken word is your master, the unspoken word your slave.
  • #146,586
  • Dec 22, 2016 7:45am Dec 22, 2016 7:45am
Quoting sisse
{quote} ufff .... First you are talking not even about intraday ranges but about micro trading. Y Look IMO, you are too close to the market.
@CommercialB & @Earleone. Yes that looks about right...

With that simple range you can clearly see how far out of scope a daily range can be for intraday trading. This very simple intraday range extends for nearly 5 or 6 days !!!!....

--> Now to the second step. What was your direction BEFORE the fact (that why I said you missed the live opportunity to see it panning out live [thats when most have their 'AHA' moments]). I don't care why for the sake of this argument. What was you 'outlook' LONG, Neutral or SELL?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,587
  • Dec 22, 2016 7:47am Dec 22, 2016 7:47am
Quoting sisse
{quote} @CommercialB & @Earleone. Yes that looks about right... With that simple range you can clearly see how far out of scope a daily range can be for intraday trading. This very simple intraday range extends for nearly 5 or 6 days !!!!.... --> Now to the second step. What was your direction BEFORE the fact (that why I said you missed the live opportunity to see it panning out live [thats when most have their 'AHA' moments]). I don't care why...
Outlook sell short term . ( I wrote that in my post before the fact ( St sell outlook )
Trading in the shadow of SM
  • #146,588
  • Dec 22, 2016 8:01am Dec 22, 2016 8:01am
Same as earleone above.
  • #146,589
  • Dec 22, 2016 8:15am Dec 22, 2016 8:15am
Expecting a roll in eu...

just a guess
Re-Incarnated
  • #146,590
  • Edited 8:43am Dec 22, 2016 8:22am | Edited 8:43am
Quoting janpec1000
Longed UMXN 676 and 642 expecting a pop.
Poped and held. Closed 70% longs, leaving the rest for new all time lows altough it will be most likely BE clearout before that happens. Shorted lira 5135.

BTC soaring on China card, 870 high today (almost 10% in day and half).
  • #146,591
  • Dec 22, 2016 9:32am Dec 22, 2016 9:32am
I took a short at .0494 as I had .0510 at top of intraday range. Looked like .0500 handle rejected it. Looking to see if it test flip area and test .0400 handle again.

i did take a long at .035x with a tighter stop. Closed at .0488 and then took the short. I wasn't as comfortable w long but the R:R was there. Now just looking for shorts to finish MID Term leg. Not sure if we will see it this year as I was aiming for .020x
  • #146,592
  • Edited 9:53am Dec 22, 2016 9:39am | Edited 9:53am
...and that was it for a rather underwhelming opening range ...not a matter of 'if' but 'when' will get that final push in US Equities ....4th consecutive day all eyes in Equities after Europe goes home.

On the rest of the board, all markets in very uneventful ranges. Euro prolly the best of the pack with late soft hands getting caught selling lows after the failure to take 1.037x early in the week.

sisse

@Earleone @ PAStalker

Right so you both are in sell 'intraday' (reasons are irrelevant for this) .

Now you have the range, you have the flip and you are in sell. Where would you load (not how don't care what you use)? [e.g. where are the cheap, normal and expensive tickets)?

sisse

PS: again call it before the London fix otherwise it will be useless...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,593
  • Dec 22, 2016 9:56am Dec 22, 2016 9:56am
Quoting sisse
...and tha @Earleone @ PAStalker Right so you both are in sell 'intraday' (reasons are irrelevant for this) . Now you have the range, you have the flip and you are in sell. Where would you load (not how don't care what you use)? [e.g. where are the cheap, normal and expensive tickets)? sisse
Attached is the zones with cheap / normal and regular tickets ( for the intraday range )

I will personally try to fade the Resistance levels after touch ( By doing that I was not getting in on the 1.0470 level on the way up now, perhaps on the way down )
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 39 KB
Trading in the shadow of SM
  • #146,594
  • Dec 22, 2016 9:59am Dec 22, 2016 9:59am
Quoting Earleone
{quote} Attached is the zones with cheap / normal and regular tickets ( for the intraday range ) I will personally try to fade the Resistance levels after touch ( By doing that I was not getting in on the 1.0470 level on the way up now, perhaps on the way down ) {image}
Was getting filled when I posted this previous message. So I have expensive ticket .
Trading in the shadow of SM
  • #146,595
  • Dec 22, 2016 10:00am Dec 22, 2016 10:00am
.0635 was a level I was hoping to get in at a retrace but don't really see it. I just positioned at .0494 w natural stop in play. Waiting to see how the flip area responds.
  • #146,596
  • Dec 22, 2016 10:03am Dec 22, 2016 10:03am
Quoting janpec1000
Bought UCAD, targeting larger mid term macro and another attempt on 3410 takeout, failure of 53,70 WTI adds a bit to view. Didnt get any entry on TRY, still attempting on both TRY and MXN along larger macro. {image} Still holding De30 and Uk100 longs, but tracking tomorrow and day after for possible London drive and mid term pop.
There it goes UK100 finally open valid play for possibly exciting tomorrows London session. Pop now officially in play.
  • #146,597
  • Dec 22, 2016 10:29am Dec 22, 2016 10:29am
Thought we were just going according to that last 4 hour intraday range we were discussing, if not then am probably completely wrong here
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-22_16-26.jpg Size: 80 KB
The spoken word is your master, the unspoken word your slave.
  • #146,598
  • Dec 22, 2016 10:52am Dec 22, 2016 10:52am
Late again(work)..very similar to commericalb map
Only my expensive tickets would be under 1.0400 and cheap tickets above 1.0480..
Probably enter anywhere above the flip & adjust position size accordingly for my stop above the top of the range..even though waiting for a spike through the top of the range & enter on the way back in is preferable(similar to earleone).
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 62 KB
  • #146,599
  • Dec 22, 2016 11:06am Dec 22, 2016 11:06am
Where are the USD bears hiding?
Attached Image
Trading in the shadow of SM
  • #146,600
  • Dec 22, 2016 11:26am Dec 22, 2016 11:26am
Quoting Earleone
Where are the USD bears hiding? {image}
Usually in gold, if you go there you cant miss them.
Mentioning the gold, looks like we are cooking for bearish santa delivery.
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