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The Really Useless Thread

  • #147,761
  • Edited 9:29pm Feb 16, 2017 7:24pm | Edited 9:29pm
Indeed good luck to all. Thank you Sisse.

Here is what I'm doing, the map is based on W1 and D1 linear regression channels and confluence
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  • #147,762
  • Feb 16, 2017 9:03pm Feb 16, 2017 9:03pm
Quoting hoom
{quote} not really , it is more clear on H4 .064x is where price action plays the rejection so a little bit lower is a nice spot .
I see what you mean. Even clearer on the weekly. I should have zoomed out before I said that.
  • #147,763
  • Feb 16, 2017 11:21pm Feb 16, 2017 11:21pm
Quoting sisse
and finally for those still undecided. Please reply only by PM not in the thread. Table will automatically close 1 minute before Tokyo opens. ++++ Opening same iteration with some changes in bold ++++ -> Long 1.068x -> STP 1.0580x -> TP1 1.078x -> TP2 1.088x -> TP3 1.098x | max r:r 1:3 or -> Short 1.068x -> STP 1.078x -> TP1 Parity | max r:r 1:6 ...for those who new or didn't finished in the top 10 last year only winners will receive an invite for the next stage... Thanks all and GL all trading live. sisse
Crap, I PM'ed you but I think I'm late. Historically I've been on one side (same map) so it's a moot point if I'm late to the iteration.
  • #147,764
  • Feb 17, 2017 12:07am Feb 17, 2017 12:07am
i again missed the iteration just because of the BS press conference .... it gave so much headache repeating the same stuff again , again & again i just closed the platform & went to bed ... this guy was insulting the press like on other and many reputed people ....

anyways better luck next time to me .....
Re-Incarnated
  • #147,765
  • Feb 17, 2017 3:51am Feb 17, 2017 3:51am
Quoting sisse
and finally for those still undecided. Please reply only by PM not in the thread. Table will automatically close 1 minute before Tokyo opens. ++++ Opening same iteration with some changes in bold ++++ -> Long 1.068x -> STP 1.0580x -> TP1 1.078x -> TP2 1.088x -> TP3 1.098x | max r:r 1:3 or -> Short 1.068x -> STP 1.078x -> TP1 Parity | max r:r 1:6 ...for those who new or didn't finished in the top 10 last year only winners will receive an invite for the next stage... Thanks all and GL all trading live. sisse
Did I miss out on this iteration? I would have gone long.

And I think both long and short would get stop out.
  • #147,766
  • Feb 17, 2017 5:41am Feb 17, 2017 5:41am
Quoting sisse
long -> Long 1.068x -> STP 1.0630x -> TP1 1.078x -> TP2 1.088x | max r:r 1:4 ------- sisse
Good morning: I missed the train. But I would go long.
Just one lesson from this iteration: Even if you are right in direction, but if you STP is small, you cannot make it...GL Everyone!
  • #147,767
  • Feb 17, 2017 6:21am Feb 17, 2017 6:21am
pretty much dull day .... with nothing new ... all same .... eu watering at the current level ....

edit : if i can join the iteration i will short ...
Re-Incarnated
  • #147,768
  • Feb 17, 2017 6:35am Feb 17, 2017 6:35am
I also missed the train. But actually happy with that .

I have not changed to neutral or buy. In sell outlooks for ST MT and LT. And even if we are trading above 1.0610 I will not trade the retracement against outlooks. So I will if we get an good retracement look for shorts ( from a little bit above the TP1 target for longs. So if needed to choose I would have gone for short
Trading in the shadow of SM
  • #147,769
  • Feb 17, 2017 6:52am Feb 17, 2017 6:52am
Quoting Earleone
I also missed the train. But actually happy with that . I have not changed to neutral or buy. In sell outlooks for ST MT and LT. And even if we are trading above 1.0610 I will not trade the retracement against outlooks. So I will if we get an good retracement look for shorts ( from a little bit above the TP1 target for longs. So if needed to choose I would have gone for short
week pretty much over with no news for today ... might get 20 - 30 pips drop on us open or taking full control but nothing to see ....

according to me ST & MT we are in sell outlook .... LT we are in sell/neutral ....
Re-Incarnated
  • #147,770
  • Feb 17, 2017 6:57am Feb 17, 2017 6:57am
Quoting primejarvis
Anyone expecting a roll .... ?
Out of curiosity, why did you think it was a roll play?
Also thought a roll play was on the cards, but only at the close..1.068x was (is) in my thinking & also london closing range
  • #147,771
  • Edited 7:17am Feb 17, 2017 7:01am | Edited 7:17am
Uneventful European session with the now usual flow from the UK Brexit front , soft news is good news in UK Equities via BOE but softer, on a more neutral than ever, Sterling. Nothing out of the ordinary so far.

Dollar and Gold leading and in full control of the board. On the Fx Board, Euro treading water and in desperate need for a push before losing foot for the week.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,772
  • Feb 17, 2017 7:13am Feb 17, 2017 7:13am
Quoting janpec1000
{quote} Caught some 1236.4, 1242.5 so far the higest 1243.5-7 still some away. Either BE or target.
Lucky, bastards came 2 pips till BE SL, managed to add second long 1237.2.
Got 1243.7, taking some off here, leaving the rest 40% for micros to decide.
  • #147,773
  • Feb 17, 2017 7:19am Feb 17, 2017 7:19am
Quoting PAStalker
{quote} Out of curiosity, why did you think it was a roll play? Also thought a roll play was on the cards, but only at the close..1.068x was (is) in my thinking & also london closing range
because at the moment i wrote it PA was behaving like that and soon after i wrote out of nowhere Trump speech was seen in the calendar .... we all were expecting him to give some hint/explanation on tax cut or trumponomics .... but the show was a full blown "FLOP SHOW"

everything was aligned for a green signal roll play but but but ....
Re-Incarnated
  • #147,774
  • Edited 7:51am Feb 17, 2017 7:22am | Edited 7:51am
Still in favor of a 610 week close EU.

Yesterday tried a UJ long entry as well but stopped at break into 112 handle. Didn't size it up carefully and jumped the gun. I'll watch the close to consider another shot Monday after mapping it over the weekend. I think what im trying to understand is, if risk off is the play, how yen and dollar compete for haven. Where the threshold is when dollar demand beats yen demand. I'm sure that's an oversimplification and on top of that, not sure how strong risk off moves are atm and whether uj is the right place to play them. So would love feedback from anyone more familiar with the pair and if risk off is a worthy reason to be looking at it now.
  • #147,775
  • Feb 17, 2017 7:33am Feb 17, 2017 7:33am
Quoting goosebone
Still in favor of a 610 week close.
a close @.0621x .... (very much attractive)
expecting it but chances are low still i have .059x in my book ....
Re-Incarnated
  • #147,776
  • Feb 17, 2017 7:40am Feb 17, 2017 7:40am
Too late for this iteration but I'm still short. We still need to test the lows 1.035 and possibly below depending on European elections. Breaking above high 1.08x would only make me consider/change my outlook.
  • #147,777
  • Feb 17, 2017 7:53am Feb 17, 2017 7:53am
We trade the expectations
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  • #147,778
  • Feb 17, 2017 7:55am Feb 17, 2017 7:55am
Quoting goosebone
Still in favor of a 610 week close EU. Yesterday tried a UJ long entry as well but stopped at break into 112 handle. Didn't size it up carefully and jumped the gun. I'll watch the close to consider another shot Monday after mapping it over the weekend. I think what im trying to understand is, if risk off is the play, how yen and dollar compete for haven. Where the threshold is when dollar demand beats yen demand. I'm sure that's an oversimplification and on top of that, not sure how strong risk off moves are atm and whether uj is the right place...
Yeh good point but why not going then in crosses instead? If you are unsure of competing demand on risk flows from dollar and jpy you are going in in the most competitive pair UJ (+ +). GJ or CJ could offer cleaner flows from JPY as long as you have decent map for main currency on those pairs. Thats why i preffer to play crosses in such cases if all is lining up well becouse they outperform more often than not.
  • #147,779
  • Feb 17, 2017 7:56am Feb 17, 2017 7:56am
Quoting Pharm0r
We trade the expectations {image}
What happened
  • #147,780
  • Feb 17, 2017 7:59am Feb 17, 2017 7:59am
Quoting janpec1000
{quote} Yeh good point but why not going then in crosses instead? If you are unsure of competing demand on risk flows from dollar and jpy you are going in in the most competitive pair UJ (+ +). GJ or CJ could offer cleaner flows from JPY as long as you have decent map for main currency on those pairs. Thats why i preffer to play crosses in such cases if all is lining up well becouse they outperform more often than not.
Makes a lot of sense. Guess I got some homework this weekend. Perhaps it's EJ I should look at for this.
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