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The Really Useless Thread

  • #147,461
  • Feb 3, 2017 7:34am Feb 3, 2017 7:34am
risk positive data. weak wage growth of 0.1% m/m (plus downward revision of previous month), which should slightly subdue Fed tightening expectations (push down on short-end yields), and a strong headline number of +227k (against 170k exp). This points to a strong labour market, with some spare capacity. Unemployment rate likely due to increased numbers looking to rejoin the workforce.
  • #147,462
  • Feb 3, 2017 7:35am Feb 3, 2017 7:35am
Wondering if zig zag play is in order with this news?

.074x -->.084x-->.064x
  • #147,463
  • Feb 3, 2017 7:37am Feb 3, 2017 7:37am
Quoting gammase1
risk positive data. weak wage growth of 0.1% m/m (plus downward revision of previous month), which should subdue Fed tightening expectations, and a strong headline number of +227k (against 170k exp). This points to a strong labour market, with some spare capacity. Unemployment rate likely due to increased numbers looking to rejoin the workforce.
Good report for Equities, uneventful for FED and Dollar (no changes so far this year...same all).

Eyes on the open. Expecting a positive one ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,464
  • Feb 3, 2017 7:40am Feb 3, 2017 7:40am
And here we go, countdown till Trump tweets his claim on bullish NFP.
  • #147,465
  • Feb 3, 2017 7:56am Feb 3, 2017 7:56am
Quoting janpec1000
And here we go, countdown till Trump tweets his claim on bullish NFP.
Quite the opposite ....he will trash the number ...full employment and good numbers will leave him without the core of his message that the US is rubbish and poor and all numbers are lie as the Mexicans and Somalians are stealing all American jobs ...... What would he sell to his followers and voters? ...

Without kidding .... Markets are just waiting for details in his fiscal plan thats it ...everything else is just noise and politics from a market perspective. The only thing Trump will trigger outside of the fiscal details is just via risk , one off his rants may cross the line of no return against the wrong target and then ... for the look of it can happen any minute but without a tweet or fiscal plan details is nothing new....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,466
  • Feb 3, 2017 7:59am Feb 3, 2017 7:59am
Quoting sisse
{quote} Quite the opposite ....he will trash the number ...full employment and good numbers will leave him without the core of his message that the US is rubbish and poor and all numbers are lie as the Mexicans and Somalians are stealing all American jobs ...... What would he sell to his followers and voters? ... Without kidding .... Markets are just waiting for details in his fiscal plan thats it ...everything else is just noise and politics from a market perspective. The only thing Trump will trigger outside of the fiscal...
by the way when is he going to announce the details in detailed view .... ?
Re-Incarnated
  • #147,467
  • Feb 3, 2017 8:14am Feb 3, 2017 8:14am
Quoting sisse
Question 10:

-> Long 1.080x -> STP 1.070x -> TP1 1.098x -> TP2 1.108x
or
-> Short 1.078x [check] -> STP 1.088x -> TP1 1.0680 -> TP2 1.058x
Quoting goosebone
{quote} I have been a bit of an exhibitionist lately. Tracking 727 for the price trigger.
A quick update shorts entry on the iteration triggered ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,468
  • Feb 3, 2017 8:27am Feb 3, 2017 8:27am
Quoting primejarvis
{quote} by the way when is he going to announce the details in detailed view .... ?
http://www.cnbc.com/2017/02/02/paul-...il-spring.html
  • #147,469
  • Feb 3, 2017 8:31am Feb 3, 2017 8:31am
Quoting IMARICH1
Wondering if zig zag play is in order with this news? .074x -->.084x-->.064x
IMARCH1 and Traders ,Where is zig zag indicator please ,
  • #147,470
  • Feb 3, 2017 8:52am Feb 3, 2017 8:52am
Quoting sisse
{quote} {quote} A quick update shorts entry on the iteration triggered ... sisse
> Short 1.078x [check] -> STP 1.088x -> TP1 1.0680 -> TP2 1.058x

im in..

lets c how it goes

Sisse's contribution here priceless..

Thanks for all these sharing...
Wise decisions are based on lies we living..
  • #147,471
  • Edited 9:16am Feb 3, 2017 9:00am | Edited 9:16am
Quoting primejarvis
{quote} by the way when is he going to announce the details in detailed view .... ?
Congress gets down to brass tacks in spring/summer budgetwise. So it's tweets for now. Or I should say tweets for the rumor, spring/summer for the fact. If Congress stays on schedule like the well oiled machine we all know them to be.
  • #147,472
  • Feb 3, 2017 10:00am Feb 3, 2017 10:00am
Very strong opening range as widely expected. Good news from all fronts in US Equities. Strong numbers, lower wages, OIL and commodities ready to start a Roman Feast with Trump triggering risk in key areas (expecting even more confit and noise in Iran and oil related issues now with the new Secretary of State) on the rise and to put the cherry on top FED out of the way for Q1.

Watch-out we finally trigger the exhaustion leg in us Equities as early as today in a a buy the rumour / sell the complicate facts later on the fiscal front. Treasuries on the bid and giving the free pass too. A clean sweep today unlocks very high levels in commodity, particularly in OIL andit will carry the rest of the board. Very active trading across the board.

Europe going home could unlock the floodgates that could be the first proper move this year in the markets with US equites in full control. On the FX board, rather uneventful sessions as expected after the NFP quick knee jerk reaction with Euro highs and 1.084x as naked as it has been the last 2 weeks for a quick test if we run soft stops on the handle but its choking at the current highs if we don't shake them out properly by todays close....

Not much see or do until but same levels, same trades and same all....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,473
  • Feb 3, 2017 10:37am Feb 3, 2017 10:37am
Quoting USD-Bear
{quote} closed today @ 7100 awaiting BOE tomorrow
rebuild short UK100 @ 7200 again
Don't be a hero. Don't have an ego. Always question yourself
  • #147,474
  • Feb 3, 2017 11:26am Feb 3, 2017 11:26am
Maybe I am looking up too close on the intraday action. Looks like EUR is not ready to go down yet and the market in general didn't like the mixed numbers, esp the hourly earnings. After closing my previous shorts I am looking for a better entry....
Quoting sisse
{quote} {quote} A quick update shorts entry on the iteration triggered ... sisse
  • #147,475
  • Edited 12:17pm Feb 3, 2017 12:02pm | Edited 12:17pm
Quoting Xxavier
Maybe I am looking up too close on the intraday action. Looks like EUR is not ready to go down yet and the market in general didn't like the mixed numbers, esp the hourly earnings. After closing my previous shorts I am looking for a better entry.... {quote}
Markets love the numbers!!!! especially Equities. What else do yo you think we need?

We got a huge overshoot in NFP, a miss in earnings (superb for corporate profits short term), tax cuts, deregulation in the core of the big corporations interest currently with Trump (especially in finance, big pharma and old polluting industries...1/2 of the key positions are GS and Co top VPs and the other 1/3 is Exxon and Co and the rest is old security and basic infrastructure heavy industries former CEOs ...thats basically the US government for policy making for the next 4 years... ).

Commodities industries and old manufacuring currently in power about to give a huge boost via a fiscal blow out and warmonger and protectionist foreign policy politics pressing the right buttons to trigger a feast for those very particular industries in the short term (the rest of the mortals in America and the rest of the World will pick up the pieces and pay the bill later...but thats for later).

On top a soft NFP in relation to the FED to kick it out of the way for Q1....

Currency wise Europe went home and we went to sleep in comatose trading as it was widely anticipated ...We are sleeping in the 1.078x (which was a no brainer level for today NFP...check the iteration) in exactly the same range we have been trading for the last 2 months already ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,476
  • Feb 3, 2017 12:27pm Feb 3, 2017 12:27pm
@goosebone To wrap up the week ...next question. Where are we rolling ? can we spot that? and if so what will make a bullish/neutral or bearish close (just for the week)

a. 1.078x
b 1.0820
c. 1.075x
d. No fck clue

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,477
  • Feb 3, 2017 12:35pm Feb 3, 2017 12:35pm
Quoting sisse
@goosebone To wrap up the week ...next question. Where are we rolling ? can we spot that? and if so what will make a bullish/neutral or bearish close (just for the week) a. 1.078x b 1.0820 c. 1.075x d. No fck clue sisse
Sry entered in the middle ... 1.0740x or 1.077x ...
And I have a question for sisse and everyone ... Views for 8th Feb EU vote ...?
Re-Incarnated
  • #147,478
  • Feb 3, 2017 12:43pm Feb 3, 2017 12:43pm
Quoting USD-Bear
{quote} rebuild short UK100 @ 7200 again
This one is too early on probability side if you have tight stop, 7210 has a aim. And even with looser stop, its likely we are heading higher than 7210 short term.
  • #147,479
  • Feb 3, 2017 12:45pm Feb 3, 2017 12:45pm
I think
Bullish over 1,0820
Bearish under 1,075X
Wise decisions are based on lies we living..
  • #147,480
  • Feb 3, 2017 12:56pm Feb 3, 2017 12:56pm
Looking at the daily now let me try that again.
Over 820 bullish (not expected)
Under 820 (expected) bullish/neutral
Under 780 (expected) neutral
Under 750 (not expected) bearish
My pick for the roll is a neutral 780
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