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The Really Useless Thread

  • #147,861
  • Feb 23, 2017 12:56pm Feb 23, 2017 12:56pm
Quoting janpec1000
Bitcoin closely to hit news again while approaching ath, tracking 1143 today/tomorrow for possible poper play.
And there we go printing all time high across many exchanges. Scaled in two longs 1143.7 and 1160. SL to BE on both pop not yet there, no heavy profit taking was noticeable just consistent push on order book. If any asset deserved to print ath this/previous year it certainly is this one.
  • #147,862
  • Feb 23, 2017 4:10pm Feb 23, 2017 4:10pm
...and we are rolling. Euro keep chopping around in a new irrelevant close with bulls holding without much effort today. Not much to see or do across the board.

Only highlight of the closing session coming from the usual suspect, Trump like always all over the place in foreign policy. Sending roses to the EU this time but trying to play with fire with China.

I wouldn't bet on pissing them for too long without reaction and wouldn't even be surprise if we have a reaction this next session... keeping a close eye on risk from the US front that every day it passes, is becoming clear that is not a matter of if but when the big faux pas will come...Gold about to become the biggest winner in all that populist / nationalist path from Brexit and Trump.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,863
  • Feb 23, 2017 8:34pm Feb 23, 2017 8:34pm
Quoting sisse
...and we are rolling. Euro keep chopping around in a new irrelevant close with bulls holding without much effort today. Not much to see or do across the board. Only highlight of the closing session coming from the usual suspect, Trump like always all over the place in foreign policy. Sending roses to the EU this time but trying to play with fire with China. I wouldn't bet on pissing them for too long without reaction and wouldn't even be surprise if we have a reaction this next session... keeping a close eye on risk from the US front that every...
Sisse, I have to say your prose, over the years, has become poetic. Nice.
  • #147,864
  • Feb 24, 2017 4:13am Feb 24, 2017 4:13am
Quoting sisse
...and we are rolling. Euro keep chopping around in a new irrelevant close with bulls holding without much effort today. Not much to see or do across the board. Only highlight of the closing session coming from the usual suspect, Trump like always all over the place in foreign policy. Sending roses to the EU this time but trying to play with fire with China. I wouldn't bet on pissing them for too long without reaction and wouldn't even be surprise if we have a reaction this next session... keeping a close eye on risk from the US front that every...
Bitcoin. Gold in second seat. Nearly 100 buck rally on it yesterday with 1220 high marked, gold 10 bucks, this was standard practice ever since. Gold will receive more headlines and more traditional larger flows from larger players but performance wise its a lesser pick, RR wise BTC outperforms. Exceptions are medium-strong risk events where gold gets direct short term hit, while BTC takes more of slower flows which isnt surprising due to nature of asset and its use.
I think a good pick where to position in those two would be something like:
-short term and long term plain risk (event driven) -gold
-complex long term risk / bear market - BTC
  • #147,865
  • Feb 24, 2017 4:29am Feb 24, 2017 4:29am
And we are in the golden zone for USDX. Nice synchronization with EURUSD ( 1.0610 level ) And I also look NZDUSD and AUDUSD. ( Bullish USD )
Attached Image (click to enlarge)
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Trading in the shadow of SM
  • #147,866
  • Feb 24, 2017 4:59am Feb 24, 2017 4:59am
Quoting Earleone
And we are in the golden zone for USDX. Nice synchronization with EURUSD ( 1.0610 level ) And I also look NZDUSD and AUDUSD. ( Bullish USD ) {image}
what a fine tuned ( TA and FA )usdx and eu movement ....

usdx gap closed .... with the same FA level tested for Eu .... missed with a number of ticks (1.061x) but that is fine ....
Re-Incarnated
  • #147,867
  • Feb 24, 2017 6:03am Feb 24, 2017 6:03am
Very moving European session, Equities seriously choking at the highs triggering early alerts only for now (especially without the US on board yet). Here officially flattening all short term positions in world equities.. Potential short term risk plays there officially unlocked for the first time this year with the appropriate triggers which are pretty obvious to say the least in the current circumstances.

On the rest of the board, for the second time this year a major outflow on risk off without a clear or particular trigger. Smart money keep positioning slowly and 'quietly' in the last few weeks...

On the Euro, @ 1.061x one more time. As it is widely expected is the only FA and TA level in play until the area is solved. On the iteration front we are crumbs away to tick 1.061x but in case we don't. One question @Earleone:

Assuming your read this before is too late. Euro is @ 1.0600. Should you apply don't be a 'dick for a tick' and trigger the entry @ market with NY open or just sit tight until the order is filled?

If you don't answer on time, its assume you stay put with a LMT 1.061x.

@Earleone

Direct -> 1.061x [in play] -> TP1 1.049 -> TP2 1.039X


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,868
  • Feb 24, 2017 6:08am Feb 24, 2017 6:08am
Quoting sisse
Very moving European session, Equities seriously choking at the highs triggering early alerts only for now (especially without the US on board yet). Here officially flattening all short term positions in world equities.. Potential short term risk plays there officially unlocked for the first time this year with the appropriate triggers which are pretty obvious to say the least in the current circumstances. On the rest of the board, for the second time this year a major outflow on risk off without a clear or particular trigger. Smart money keep positioning...
Dont be a dick for a tick .
Trading in the shadow of SM
  • #147,869
  • Feb 24, 2017 6:22am Feb 24, 2017 6:22am
Quoting Earleone
{quote} Been nice ride in NZDUSD also. now close just below flip level. Was able to get some positions close to the top and lifted of a little above flip level. {image}
I also post map for NZDUSD again. We are at level here too . It made also an LH on weekly some weeks ago.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 56 KB
Trading in the shadow of SM
  • #147,870
  • Edited 6:37am Feb 24, 2017 6:26am | Edited 6:37am
Quoting janpec1000
{quote} Bitcoin. Gold in second seat...
I disagree with you.

BTC is in its infancy. Its a paper-thin unregulated market with barely any 'serious' money flowing on it. It epitomise a case of extreme risk instrument not the opposite.

Don't get me wrong. I am not with the Dinosaurs (particularly active now in policy making in the UK and US economic front) on Cryptocurrencies. I think they will be a essential part of the monetary system in the long run one way or the other. How? Not sure yet. When? Don't know [most people don't] but guarantee is not now.

BTC and all the derivates from cryptocurrencies will [are having] have a major boost because of nationalist and populist taking control of the State/Government to make economic policies (tariffs, cross border taxes, less free trade, subsidies for local industries, dumping for foreign flows, etc). They will become one of the few buffers to bypass protectionism and tax regulations and more importantly bypass politicians distorting free flows of money and investment.

However, for now BTC, are primarily extremely illiquid markets use primarily in larger flows (there are real natural and real flows too) only with 'dirty' or 'not so clean' money flowing across the world (money laundry, tax evasion, arms deals, drug dealing, and etc) or as basic as 'crowding out/in' from authoritarian or no democratic regimes (including China and obvisuly Russia in this) to the global markets.

I am sure very big bastards in the Street or the City and Geneva etc use it already under the table to 'clear' some assets or large very risk oriented speculators but let me tell you NONE of the Real core money [pension, funds, bank, investment or commercial firms, etc etc in the markets] in the world will put even a DIME in BTC as a risk off instrument.


Quote
RR wise BTC outperforms. ... -short term and long term plain risk (event driven) -gold -complex long term risk / bear market - BTC

Of course it does. There is a extremely illiquid market, without a centralise market, with nobody to be accountable in the middle if things go tits up (either via security breaches or as simple a large markets event).

Gold is still, and by a mile or two, the only asset class that keep a tangible value that has hold the test of time, human, political and sometimes markets stupidity.

To wrap it up, a instrument that fly 7% in a 5 minute bar every second day is EXACTLY the opposite an instrument for evaluating risk. The wild and largest moves in BTC over Gold actually confirm this rather than making BTC a good benchmark for risk.

sisse

PS: @Earleone triggered already so your call is IN ...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #147,871
  • Feb 24, 2017 8:50am Feb 24, 2017 8:50am
that was some huge bear power pre-NY-open, even though I did not register any impact news. seems E/U is getting nervous as W and M close comes.
  • #147,872
  • Feb 24, 2017 8:55am Feb 24, 2017 8:55am
Quoting chester123
that was some huge bear power pre-NY-open, even though I did not register any impact news. seems E/U is getting nervous as W and M close comes.
Power of sisse's FA level .061x ... He he he just a joke ...
Re-Incarnated
  • #147,873
  • Feb 24, 2017 9:11am Feb 24, 2017 9:11am
Quoting primejarvis
{quote} Power of sisse's FA level .061x ... He he he just a joke ...
haha, yes. well. I expect TA neutral close between 1,061 and 51.

P.S.: omg that crazy man is gonna speak again in a few minutes. perfectly on time with a stalling rally in equities
Attached Image (click to enlarge)
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  • #147,874
  • Feb 24, 2017 9:18am Feb 24, 2017 9:18am
Did he said anything I am on mobile & out of my office ....
Re-Incarnated
  • #147,875
  • Feb 24, 2017 9:21am Feb 24, 2017 9:21am
Quoting primejarvis
Did he said anything I am on mobile & out of my office ....
so far just that the forgotten are no longer forgotten guess those forgotten were mainly on Wall Street as judged by equities
  • #147,876
  • Feb 24, 2017 9:48am Feb 24, 2017 9:48am
Getting to a point where I almost want the tweet. Patience.
  • #147,877
  • Feb 24, 2017 10:11am Feb 24, 2017 10:11am
Conference is over ...Sad !

nice rejection on euro so far , price action a little messy with such important lvls in play if a breakdown happens .
Get Rich or Die Tryin
  • #147,878
  • Feb 24, 2017 10:21am Feb 24, 2017 10:21am
Quoting hoom
Conference is over ...Sad ! nice rejection on euro so far , price action a little messy with such important lvls in play if a breakdown happens .
What was motive of the conference ... Sorry I didn't saw it live ... Any updates
Re-Incarnated
  • #147,879
  • Feb 24, 2017 10:26am Feb 24, 2017 10:26am
Quoting primejarvis
{quote} What was motive of the conference ... Sorry I didn't saw it live ... Any updates
The Conservative Political Action Conference is an annual political conference attended by conservative activists and elected officials from across the United States

He made the same show as everytime : wall , bad dudes , fake news , how big he won then how massive the tax reforms will be and less regulation because nobody loves regulation like that in the US etc...
Get Rich or Die Tryin
  • #147,880
  • Feb 24, 2017 10:38am Feb 24, 2017 10:38am
Quoting hoom
Conference is over ...Sad ! nice rejection on euro so far , price action a little messy with such important lvls in play if a breakdown happens .
Bannon and Priebus were more fun. Looked like a ventriloquist act. Would have better if Priebus actually sat on Bannon's lap though.
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