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  • #146,701
  • Jan 3, 2017 3:25am Jan 3, 2017 3:25am
good one chester123 ....

what about the eu any maps .... ?
Re-Incarnated
  • #146,702
  • Jan 3, 2017 3:31am Jan 3, 2017 3:31am
Quoting primejarvis
good one chester123 .... what about the eu any maps .... ?
On E/U its same lvls, same all as sisse writes. So no choose your poison for me. May be opportunity to jump into the late part of the short/mid swing with NFP flow so for me: no trades on E/U until Friday.

Will posts the maps lon Friday with NFP post
  • #146,703
  • Edited 6:11am Jan 3, 2017 4:28am | Edited 6:11am
Quoting janpec1000
DE30 finnaly unlocking the run above 11500.
11500 run, clearing all DE30 longs 11620. Also caught great London open run on UK100, completing the pop target from two weeks ago on 7175.
TRY completing pop target aswell on back of yesterdays events, delivered trough London. MXN for now still lagging behind, but getting ready for 7800.

EDIT: Looking on 5960 and 6000 from micro for secondary pop play on UTRY.
  • #146,704
  • Jan 3, 2017 4:29am Jan 3, 2017 4:29am
I dont think this needs any words, picture says it all.
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  • #146,705
  • Jan 3, 2017 4:38am Jan 3, 2017 4:38am
Quoting janpec1000
I dont think this needs any words, picture says it all. {image}
i do agree to you as picture says it all but i was having confusion thats why asked every1 out here .... any ways thankx ...
Re-Incarnated
  • #146,706
  • Jan 3, 2017 6:39am Jan 3, 2017 6:39am
...everybody back in business and as more than widely expected all markets back to square one before the Holiday break.

All markets ready to kick start the year ...not much to update as, its hopefully very clear to all, is nothing new across the board but now we can finally start moving with everybody back on board ...

GL all this year ...

sisse

----
@ [
Fadhl
goosebone
CommercialB
chester123
ptofangency
suntan
primejarvis
vorex
eborn
nutts
Earleone
clayjay
IMARICH1
PAStalker
Decima
Fisher755
chronical
mayafx
Grinsakh
manosk
]

...sisse never leave a converesation open ..... You will receiving a PM in the next few days inviting you to the little experiment we have pending since last year.... updates later...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,707
  • Jan 3, 2017 6:44am Jan 3, 2017 6:44am
Quoting sisse
...everybody back in business and as more than widely expected all markets back to square one before the Holiday break. All markets ready to kick start the year ...not much to update as, its hopefully very clear to all, is nothing new across the board but now we can finally start moving with everybody back on board ... GL all this year ... sisse ---- @ [ Fadhl goosebone CommercialB chester123 ptofangency suntan primejarvis vorex eborn nutts Earleone clayjay IMARICH1 PAStalker Decima Fisher755 chronical mayafx Grinsakh manosk ] ...sisse never leave...
Thanks for nice wishes.
Managed to finetune my trading thanks to you and with some more excercise no doubt even better possible...
Attached Image (click to enlarge)
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PVSRA
  • #146,708
  • Jan 3, 2017 9:18am Jan 3, 2017 9:18am
UMXN unlocking short term play above 7800 trough the dollar. Got some on 7370 looking to add. Some larger high levels now opened on dollar mid term, just looking for tap above 0350 UCHF first before opening any play scenarios.
  • #146,709
  • Jan 3, 2017 10:38am Jan 3, 2017 10:38am
Quoting janpec1000
UMXN unlocking short term play above 7800 trough the dollar. Got some on 7370 looking to add. Some larger high levels now opened on dollar mid term, just looking for tap above 0350 UCHF first before opening any play scenarios.
Bam it goes UXMN with decent pop. Closing 70% of longs here, leaving the rest floating.
A bit short term correction to USD view, we got mild squeeze there, looking for some higher targets intraday now on XUSD for next 2 days, playing from NU mainly.
  • #146,710
  • Jan 3, 2017 11:10am Jan 3, 2017 11:10am
Europe going home with a very moving day across the board... Oil hitting large hands on the test $55.xx with a sharp selloff +4% and counting but most importantly triggering the first 'choose your poison time' of the year for the mid term leg extension. Actively looking for entries this week.

On the FX board, Euro in the 4th test of the lows and now they are naked. Tracking closely the close as we are set for a 'roll play' for the NFP play. To complete the 'combo we also have US Equities (S&P 2248.xx for ref) set to trigger 'choose your poison time' for the short term continuation leg as early as closing range today....

Plenty of action across the board ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,711
  • Jan 3, 2017 11:32am Jan 3, 2017 11:32am
Quoting sisse
Europe going home with a very moving day across the board... Oil hitting large hands on the test $55.xx with a sharp selloff +4% and counting but most importantly triggering the first 'choose your poison time' of the year for the mid term leg extension. Actively looking for entries this week. On the FX board, Euro in the 4th test of the lows and now they are naked. Tracking closely the close as we are set for a 'roll play' for the NFP play. To complete the 'combo we also have US Equities (S&P 2248.xx for ref) set to trigger 'choose your poison time'...
for me oil is nice long around 5220, but stop is 5090, and im confused about what u said in equities..."short term continuation leg"? the short term and mid term in equities i thought was long currently or have i misread?
  • #146,712
  • Jan 3, 2017 11:35am Jan 3, 2017 11:35am
Quoting sisse
On the FX board, Euro in the 4th test of the lows and now they are naked. Tracking closely the close as we are set for a 'roll play' for the NFP play.
Sisse,
I have 2 questions:
- does this mean that we do not expect tomorrow's FOMC minutes to be much of a mover?
- What exactly means 'roll play' here? Is this an opportunity a position to be opened at the close today and to be held through NFP?

Thank you
  • #146,713
  • Jan 3, 2017 12:26pm Jan 3, 2017 12:26pm
Quoting sisse
Europe going home with a very moving day across the board... Oil hitting large hands on the test $55.xx with a sharp selloff +4% and counting but most importantly triggering the first 'choose your poison time' of the year for the mid term leg extension. Actively looking for entries this week. On the FX board, Euro in the 4th test of the lows and now they are naked. Tracking closely the close as we are set for a 'roll play' for the NFP play. To complete the 'combo we also have US Equities (S&P 2248.xx for ref) set to trigger 'choose your poison...
it would be nice sisse if you write more about the role play - maybe on this particular one as we can track it live - there is not so many "hot" conversations pending after the holidays as usually is during the year - so may be right time.

because this is one of concepts I still do not really understand even though it has been explained here a few times on the theoretical/abstract lvl.
  • #146,714
  • Jan 3, 2017 12:57pm Jan 3, 2017 12:57pm
Chester123,

I concur on understanding roll play more. It's like London Sells and NY Buys???? Or visa versa.

Looking forward to the invite-sisse!

I have not taken a trade since since last week. Finished the year at 30% return. But it may have been luck due to EU consolidating too.

Waiting for NFP before taking a position.
  • #146,715
  • Jan 3, 2017 2:42pm Jan 3, 2017 2:42pm
I've found a definition of 'roll play'

http://www.forexfactory.com/showthre...ed#post9099755

Quote
"Roll in play" it just my own coined term to highlight there is a Trade opp on the close (D.W/M/Q).

--> In practical terms a 'roll' play usually shows up at the end of pullbacks/begging of continuation moves and is made in the very calm waters (the opposite of a news trade) where most of unaware traders can't even smell it.

--> It doesn't necessarily mean that action is taking place at the exact closing range but rather the opposite: That in the next few sessions whatever was happening until then wont be happening in the same way. A simple example to make it understandable will be, if Europe was buying the dips but NY was capping the rallies after extending the highs (a textbook of a basic natural ebb and flow), a roll play would mean that if the roll play end up been valid, the next few session Europe wont be buying anymore the dip and therefore the ebb and flow will change ...etc etc

--> Its by definition the cleaner entry you may get if you get it right because you are positioning in very clam waters and without anybody including softer retail on it. A good roll play will usually have very little (if any in relative terms) drawdown but it wont ever by itself make a major game changer in direction. Thats why it appears and is most useful in end of pullbacks/retraces or the beginning of new or fresh break out continuation legs with the trend and seldom and almost never in major trend change tops and bottoms...
  • #146,716
  • Edited 3:53pm Jan 3, 2017 3:38pm | Edited 3:53pm
Quoting monkey@forex
{quote} for me oil is nice long around 5220, but stop is 5090 ...
Yes, thats the choose your poison play ....

Quote
and im confused about what u said in equities..."short term continuation leg"? the short term and mid term in equities i thought was long currently or have i misread?

Why confused? ....yes continuation long ...

sisse

Quoting jaxx80
{quote} - does this mean that we do not expect tomorrow's FOMC minutes to be much of a mover?
Not necessarily. Don't confuse game changer with a mover. FED was v. clear last meeting. Minutes are not expected to bring anything new except confirmation of what we know and confirm expectations set in last meeting for 2017 hikes ...

Quote
What exactly means 'roll play' here? Is this an opportunity a position to be opened at the close today and to be held through NFP? Thank you

Roll play is in simple words and opportunity to load around the close base on pure price and current flows (depending on the TF)...nothing more nothing less.

Quote
t's like London Sells and NY Buys???? Or visa versa.

@IMARICH1

No

Quoting chester123
{quote},,,, so may be right time. because this is one of concepts I still do not really understand even though it has been explained here a few times on the theoretical/abstract lvl.
In the thread we have discussed 3 basic price based triggers setups: Fading an entry, roll play and momentum play (all are terms coined here but I'm sure there is a prolly one million ways others use to describe the same concepts.

Don't like to chew it too much, there is a lot of hints and nuggets in the backposts.

In general:

--> Fading an entry you let the price overshoot your level and take it in the way back aiming for initial momentum flushing out those who went overboard to cover in a rush. Hint: look for myopic 'soft, lagger hands and top/bottom pickers' (not talking about micro intraday btw) on major areas to end a pullback or before a further break. The bulk of your entries should be like this whatever the trigger you use.

--> A roll play, it appears at the end of a day (W/M/Q etc) at the end of pullbacks/begging of continuation moves and is usually made in very calm waters. Price wise is the point in which price mark the point where one side will take over. By default is aim to have minimum drawdown and risk. Hint: Dust your pure price action levels. Nothing magical, neither a magical indicator. Remember 90% TA and PA in one line is:

 

  1. S/R -> break -> retrace/pullback / continuation -> retrace/pullback / ... /failure


--> Momentum play. Accelerating, Exciting, Adrenaline, Feel good and the king of the road entries. Yes all that. Those are break waves with the trend that extend the range. Expensive, risky but quick and zero noise for the resolution. Either right or wrong you will know in 'no time'. Hint: Is the point of no return which is not necessarily the ultimate low or high but rater where one side will capitulate given the next S or R will be on air after a pullback/retrace. These entries are advanced and complex. If you are not swinging from above/below and managing your positions properly, they become the 'widow makers' for those who try to outguess the 'real' break. Should represent only a very small % of your entries....

Whatever the entries, you obviously need to be right in the direction otherwise you will fail no mater what (although in the first 2 you will usually have time to clear for a smaller loss than your natural stop or scratch in good time).

More than 2/3 of the iterations entries last year were one of these 3 basic entries .... We'll 'discuss' a bit more or better say we'll trade them live in the next ....

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,717
  • Jan 3, 2017 4:04pm Jan 3, 2017 4:04pm
...and we rolled with Euro one more time triggering imminent break down alerts in the close....

On the rest of the board , all markets in synch in a very active day with plenty of action in all markets ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,718
  • Jan 3, 2017 4:27pm Jan 3, 2017 4:27pm
With the help of 'google search by image', I saw that the man on the picture is Milton Friedman.
I did not know almost anything about him, so I went through several articles. A lot of interesting ideas

"Friedman's greatest legacy may be his demonstration that good economic policy strengthens democracy and, thereby, freedom. "

"Friedman's bold prediction that monetary policy would become the dominant economic tool of the modern age proved prescient. Today, few, if any, government officials have more economic influence than the Chairman of the Federal Reserve. "

"The unifying theme of Friedman's life and work was belief in the power of the individual, prosperity, and freedom."

"The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.
Milton Friedman
  • #146,719
  • Jan 3, 2017 4:32pm Jan 3, 2017 4:32pm
Quoting yg10
I've found a definition of 'roll play' http://www.forexfactory.com/showthre...ed#post9099755 {quote}
"You just want to find girl that lost the briefcase and you want me to drive you there". When there: oh hello?!
  • #146,720
  • Jan 3, 2017 9:33pm Jan 3, 2017 9:33pm
Quoting janpec1000
{quote} "You just want to find girl that lost the briefcase and you want me to drive you there". When there: oh hello?!
If you take look at few posts above, there was a brief discussion about what 'roll call' is. I have found sisse's definition of that and quoted it.
Furtheremore I added that post to my collection of notes from this thread.
https://drive.google.com/drive/folde...W8?usp=sharing
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