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The Really Useless Thread

  • #146,941
  • Jan 12, 2017 7:38am Jan 12, 2017 7:38am
Quoting primejarvis
{quote} long time not seen you posting .... how are you ....
all is good thanks for asking ...
Get Rich or Die Tryin
  • #146,942
  • Jan 12, 2017 7:39am Jan 12, 2017 7:39am
High of the W/M/Q (boat to the downside was full, market has shaked hands & run stops, we are now back to pre december FOMC levels, a real bargain as Euro is strongly capped to the upside by FA (US Data, Feds Dot Plot, DJT program, ECB QE & Rates) & Risk/Uncertainty (Brexit, EZ Elections x 3).
  • #146,943
  • Jan 12, 2017 7:46am Jan 12, 2017 7:46am
Quoting hoom
{quote} all is good thanks for asking ...just returned from an extended holiday
early release ? did you get get the top bunk ?
  • #146,944
  • Jan 12, 2017 7:48am Jan 12, 2017 7:48am
Quoting nutts
{quote} early release ? did you get get the top bunk ?
lol , didn't know that it means what it means ...nice one
Get Rich or Die Tryin
  • #146,945
  • Jan 12, 2017 8:06am Jan 12, 2017 8:06am
Uh oh hoom's back. Look busy everybody

Nice job on 57/66 btw.
  • #146,946
  • Jan 12, 2017 8:10am Jan 12, 2017 8:10am
Quoting goosebone
Uh oh hoom's back. Look busy everybody
it seems you are busy as sisse shouted many times on you and you were like once in a blue moon ....
Re-Incarnated
  • #146,947
  • Jan 12, 2017 8:11am Jan 12, 2017 8:11am
Quoting hoom
{quote} all is good thanks for asking ...
Re-Incarnated
  • #146,948
  • Jan 12, 2017 8:12am Jan 12, 2017 8:12am
It can be top of W and M, however I still see a posiibility higher. see the MT chart - is can go to ST top and a little bit beyond I would say.to form a shooting star next W.

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  • #146,949
  • Jan 12, 2017 8:13am Jan 12, 2017 8:13am
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don't predict direction, but dance with flow of water
  • #146,950
  • Edited 3:44pm Jan 12, 2017 8:23am | Edited 3:44pm
Quoting sisse
Here we go. We finally run stops at the highs right on time for NY. A final shout @goosebone, i think market has spoken now. Not trying to rub salt into a wound but rather to highlight a valuable experience for the future. For what is worth, I personally think your 1.061x is spot on but rather the timing and the current flow was against it ... One final question/suggestion I mentioned yesterday. What about faiding yesterday highs now? .... or definitely a no no after the run.? .... in simple words...
Thanks pj for pointing this out. Was following from work on mobile but somehow missed this one.
Yes! I can see it. I jumped the gun like an olympic pole vaulter. It was a blind entry and made no real sense at the time other than sticking to a plan. But if blindly sticking to a plan was enough, I suppose I could just set pendings and walk away.
I can see the (common) sense in playing it carefully now and not gambling my way in before.
Lessons learned again. Thanks for the attention to it.
To answer your questions, I have entered short at 645 stop at 745 tp1 at 554. Because i believe this will make a high for W/M. Could be another jump but this time without the Air Jordans.
  • #146,951
  • Jan 12, 2017 8:29am Jan 12, 2017 8:29am
GL all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,952
  • Jan 12, 2017 8:35am Jan 12, 2017 8:35am
Quoting sisse
.... in simple words what do you think are the odds that the current leg highs will be the high of this W, M and Q? I leave the question open for NY for anybody else to think or share comments about it... sisse
The high of this W&M, but not the Q. I think the Trump honeymoon will end very quick before even his first 100 days.
  • #146,953
  • Jan 12, 2017 8:38am Jan 12, 2017 8:38am
Not a problem goosebone ... Anytime
Re-Incarnated
  • #146,954
  • Jan 12, 2017 9:10am Jan 12, 2017 9:10am
Started to look for micro long entries on ECAD (CAD against crosses play) around 3940-3970 zone. Looking for decent move even though there is not much juice in it. Looking for 4060. Missed the early entries but still valid for play.
  • #146,955
  • Jan 12, 2017 9:13am Jan 12, 2017 9:13am
Quoting priceaction1
Un.png;2137454 {image}
Yep symetry no mo.
  • #146,956
  • Jan 12, 2017 9:43am Jan 12, 2017 9:43am
Preparing for the next leg/movement in the market. Can take some time to play out. Will look to sell AUD and CAD. Possible against GBP, CHF and USD. The two latter beeing the least risky bets.


AUD Charts:
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CAD Charts:
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Do not let the cost of being wrong, exceed the prize of beeing right
  • #146,957
  • Jan 12, 2017 10:14am Jan 12, 2017 10:14am
Flat still. No postion taken. Waiting to see how London and NY closes. .066x tested but not a run on stops as .068x was expected.

Cant say I wouldn't mind a test to the .081x handle but we shall see by the end of the week.
  • #146,958
  • Jan 12, 2017 10:16am Jan 12, 2017 10:16am
...watch-out for Sterling one more time for the European close. We have finally an official day to announce Article 50 and for our trading purposes kick start Brexit chapter 2...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,959
  • Edited 10:54am Jan 12, 2017 10:41am | Edited 10:54am
...important update from Sterling. We have the potential day for 'the scheduled' game changer in the UK:

--> Changing short term outlook in Sterling from sell to aggressive sell till the BOE.

Expecting exactly what it was mentioned in the yearly forecast.

First lots of empty air and wide volatility till the day of the announcement and then to complete a final exhaustion leg aiming to the last lows and bit below for the BOE. Thereafter expecting the mid term play to kick start. We'll discuss details later but in a nutshell expecting Sterling to form a solid bottom while swapping the trading aim to UK Equities (FTSE).

For now ....very jittery thin air ad for those holding shorts is trailling time as any tick below the 1.22xx will pretty much kill the move r:r wise....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #146,960
  • Jan 12, 2017 12:02pm Jan 12, 2017 12:02pm
Quoting IMARICH1
Flat still. No postion taken. Waiting to see how London and NY closes. .066x tested but not a run on stops as .068x was expected. Cant say I wouldn't mind a test to the .081x handle but we shall see by the end of the week.
I pulled the short trigger on .066. Was stupid enough to kill all mid term shorts (from the .13 spike) early some weeks ago after the first big drop. Beginners mistake.
I am struggling with S&P, if the short term ride up is still worth it. Took some longs near 2260, after my previous attempt at that level was stopped out earlier today. But dips are still being bought up, so it's worth a try. Tight stops to prevent me becoming the top buying sucker in the room.
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