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The Really Useless Thread

  • #146,841
  • Jan 9, 2017 10:09am Jan 9, 2017 10:09am
Any1 to say anything about this crap EU...
Re-Incarnated
  • #146,842
  • Jan 9, 2017 10:11am Jan 9, 2017 10:11am
Quoting primejarvis
Any1 to say anything about this crap EU...
My broker is saying "off quotes" when I try to put an order. Doesn't that mean extreme volatility?!!!
  • #146,843
  • Jan 9, 2017 10:15am Jan 9, 2017 10:15am
Quoting ws121
{quote} My broker is saying "off quotes" when I try to put an order. Doesn't that mean extreme volatility?!!!
Lol ... This just means your broker is unstable ... More off quotes more instability
Re-Incarnated
  • #146,844
  • Jan 9, 2017 10:56am Jan 9, 2017 10:56am
Europe going home in a rather jittery session in the FX board. Highlight Euro starting to choke at the highs of the 1.05xx handle and starting to look thin at these levels. We wont hold for much longer around here....

Whatever the case, and for those following, Euro unlocking the 3er and final potential trigger with a 'momentum play'....

For those newcomer interested in the discussion check back posts (FOMC/NFP flow right now but even more in detail check iteration 19 series last year which is the exact same scenario) as we have now like the last time before a potential break, 3 basic price triggers options: 'roll entry'->triggered, 'regular fade entry'->triggered and still in play and from today onwards a 'momentum tigger' -> in play from today.

Exact terms are irrelevant, concept is the key .... we lost a few fellow traders in the thread last momentum tigger back in October...can you spot where the entry is? ...

Here nothing to see across the board with same levels, same trades, same all ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,845
  • Jan 9, 2017 11:27am Jan 9, 2017 11:27am
Quoting sisse
Europe going home in a rather jittery session in the FX board. Highlight Euro starting to choke at the highs of the 1.05xx handle and starting to look thin at these levels. We wont hold for much longer around here.... Whatever the case, and for those following, Euro unlocking the 3er and final potential trigger with a 'momentum play'.... For those newcomer interested in the discussion check back posts (FOMC/NFP flow right now but even more in detail check iteration 19 series last year which is the exact same scenario) as we have now like the last...
hmm, Im not sure but I would say 1.052 lvl
  • #146,846
  • Jan 9, 2017 11:41am Jan 9, 2017 11:41am
Quoting sisse
Europe going home in a rather jittery session in the FX board. Highlight Euro starting to choke at the highs of the 1.05xx handle and starting to look thin at these levels. We wont hold for much longer around here.... Whatever the case, and for those following, Euro unlocking the 3er and final potential trigger with a 'momentum play'.... For those newcomer interested in the discussion check back posts (FOMC/NFP flow right now but even more in detail check iteration 19 series last year which is the exact same scenario) as we have now like the last...

If we speak intraday level I will say that fading the 1.057X level still is valid. For a momentum play I think 1.049X level.
Attached Image (click to enlarge)
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Trading in the shadow of SM
  • #146,847
  • Jan 9, 2017 11:42am Jan 9, 2017 11:42am
1.049x
  • #146,848
  • Jan 9, 2017 11:48am Jan 9, 2017 11:48am
Opening of the Last big spike on the upside is where the momentum should come to the downside .... I.e., .048x
Range wise .048x - .051x ... Hope I am right ...

For today's high what I was having is .058x and a close below .055x ....

Hope I am right ...
Re-Incarnated
  • #146,849
  • Jan 9, 2017 11:52am Jan 9, 2017 11:52am
Me 2.. For a momentum play, I think the entry should be @1.049X level
Wise decisions are based on lies we living..
  • #146,850
  • Jan 9, 2017 12:08pm Jan 9, 2017 12:08pm
So we have 1.052x / 1.049x ....what about to the other side? ....

Lets leave it open to see how it goes...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,851
  • Jan 9, 2017 12:10pm Jan 9, 2017 12:10pm
It looks like 1.043x-4x for me...bulls would give up there and the chain reaction for those stops seems like it would be there...not really good at this concept yet...any pointers, critique, etc... are welcomed and appreciated
  • #146,852
  • Jan 9, 2017 12:11pm Jan 9, 2017 12:11pm
May be I'm totally out of the scope, but I think it's 1.061.
  • #146,853
  • Jan 9, 2017 12:13pm Jan 9, 2017 12:13pm
To the other side i see bears giving up and stops hit around 1.066x-7x...any thoughts?
  • #146,854
  • Jan 9, 2017 12:14pm Jan 9, 2017 12:14pm
1.067x to the upside, 1.052x to the downside in the short term.
  • #146,855
  • Jan 9, 2017 12:16pm Jan 9, 2017 12:16pm
Quoting sisse
So we have 1.052x / 1.049x ....what about to the other side? .... Lets leave it open to see how it goes... sisse
If 1.065x is broken it opens up the range up to 1.085x so I will say that a bullish momentum break is at 1.065X ( I will not trade it if it happens without any FA change )
Trading in the shadow of SM
  • #146,856
  • Jan 9, 2017 12:19pm Jan 9, 2017 12:19pm
1.069x - 1.071x ... But if we are in the midterm leg which is sell how can we have upside momentum play ...
Might see some knee jerk reaction at 1.063x
Re-Incarnated
  • #146,857
  • Jan 9, 2017 12:21pm Jan 9, 2017 12:21pm
1.062x (NFP wick)
  • #146,858
  • Jan 9, 2017 12:24pm Jan 9, 2017 12:24pm
Do we have anything to see today or until PPI ..?
Re-Incarnated
  • #146,859
  • Jan 9, 2017 12:26pm Jan 9, 2017 12:26pm
Quoting sisse
So we have 1.052x / 1.049x ....what about to the other side? .... Lets leave it open to see how it goes... sisse
to the upside 1.064. In can happen without moving us out of ST range but with ST sell. Not likely to happen, no?
  • #146,860
  • Jan 9, 2017 1:09pm Jan 9, 2017 1:09pm
Quoting chester123
{quote} to the upside 1.064. In can happen without moving us out of ST range but with ST sell. Not likely to happen, no?
Could happen I guess. Wild Trump speech, stoploss domino effect, then a quick reversal to normal levels. At least that would be great if you put a limit around those lvls for a quick reversal scenario.
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