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The Really Useless Thread

  • #148,241
  • Mar 9, 2017 7:44am Mar 9, 2017 7:44am
Inline with expectations, slightly dovish ...first few questions and we re ready for NY....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,242
  • Mar 9, 2017 7:49am Mar 9, 2017 7:49am
...lol for those tracking Draghi giving a class on economics 101 and how to report facts not emotions or political bias to a journalist ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,243
  • Mar 9, 2017 7:54am Mar 9, 2017 7:54am
watch out ...... first hawkish comments highlighting risk fading away ...more rate cuts out of the equation ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,244
  • Mar 9, 2017 8:00am Mar 9, 2017 8:00am
key question and prolly the last one to track about elections and politics risk ... Draghi obviously didn't take the bait and ignore ....

We are pretty much done for the ECB. Inline slightly dovish report comments, inline slightly hawkish comments in the questions ...zero on political risk.

Inline is the final verdict with good macro numbers and inflation still on the way to hit targets. Only a last minute unexpected comment will change the outcome of today...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,245
  • Mar 9, 2017 8:08am Mar 9, 2017 8:08am
Interesting side note. ECB guaranteeing that it hasn't been stepping in in the market ...that leaves the SNB as the only CB fiddling with currencies in open operations...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,246
  • Mar 9, 2017 8:18am Mar 9, 2017 8:18am
Very useful comments for those who are not in front of the streaming ... thank you Sisse
  • #148,247
  • Mar 9, 2017 8:18am Mar 9, 2017 8:18am
Eyes on NY.

Draghi taking a very smart side on geopolitics and Brexit ....I must admit that Draghi has been extremely clear and witty for a technocrat today...

Back to trading.

sisse

Quoting sisse
...a..... For longs. A simple range we have a clearer entries and targets averages: Short @ 1.057x -> TP1 1.067x -> TP2 1.076x -> STP 1.047x --> Min r:r 1 : 1 From what I get from the calls, the RUT is expecting a rather uneventful soft ECB....just a quick reminder that we have a double play with the FED (starting with NFP tomorrow) .... it looks in the very shy side in my view ....we'll see GL all trading, already in trades or just tracking the ECB... sisse
A quick update on the iteration all triggereed ... GL all

Short @ 1.060x [check] -> TP1 1.046x -> TP2 1.035x -> STP 1.071x ---> Min r:r 1 : 1.5

For longs. A simple range we have a clearer entries and targets averages:

Longs @ 1.057x [check] -> TP1 1.067x -> TP2 1.076x -> STP 1.047x --> Min r:r 1 : 1

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,248
  • Mar 9, 2017 8:22am Mar 9, 2017 8:22am
sorry I missed out, busy day with lots of meetings

Loaded short to the gills here from 1.08 to 1.06.....longest hold I've had yet, at 5 weeks. Happy about that....good for the soul in regards to over trading temptations.
  • #148,249
  • Mar 9, 2017 8:24am Mar 9, 2017 8:24am
Quoting Pharm0r
sorry I missed out, busy day with lots of meetings Loaded short to the gills here from 1.08 to 1.06.....longest hold I've had yet, at 5 weeks. Happy about that....good for the soul in regards to over trading temptations.
I hope you get paid properly ....as if you do ...the feeling and more important the experience you would have will put you in a whole different level among most traders around ....

GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,250
  • Mar 9, 2017 8:37am Mar 9, 2017 8:37am
Quoting sisse
{quote} I hope you get paid properly ....as if you do ...the feeling and more important the experience you would have will put you in a whole different level among most traders around .... GL sisse
thank you!

My first round of profits are expected ~ 1.03xx (bottom of the range), but more so I've based this entire trade (both stops and profits) on what dollar is doing. I expect dollar to reach the top of the range 103.xx before pulling some profits from my UJ longs and EU shorts. At that point I'll consider whether or not a dollar* momentum trade is in the works. Do you think this is appropriate? Using dollar as the marker for profits and stops (since it is the current driver via FED/Rates/Macro) instead of the actual pair being traded.....?

It does seem to take out much of the EU noise. Example: EU bounced hard yesterday...wtf? *Look at dollar* still behaving with expectations, ok we're good nothing to see here.
  • #148,251
  • Mar 9, 2017 8:46am Mar 9, 2017 8:46am
A quick update for those tracking Oil (and or CAD as collateral), triggering the traditional 'Choose your poison time' for the short and mid term leg...

sisse

Quoting Pharm0r
{quote}...Do you think this is appropriate? Using dollar as the m....
Yes Dollar is in the driver seat for the current mid term leg. Euro is setting to take full control from Q3 onwards in the pair...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,252
  • Mar 9, 2017 8:52am Mar 9, 2017 8:52am
Quoting janpec1000
{quote} Yup, got few scalps yesterday and today, pretty sandbox for scalping/and hold. Adding now UJ along to GJ to upside view. 141 for GJ(previous post), UJ first one 115.2X , will be fishing next week for.
Still having those, UJ GJ, GJ especially after 138.5X and current GBP very short term complex bottom. So far first long attempt on UJ 114.840 risking few.
Nice and easy pop there on EU 560-6X0 for those that caught it after consolidated leg was taken out.
On equities tracking OCRX today for possible washout on long side, same play as yesterday.
  • #148,253
  • Mar 9, 2017 11:17am Mar 9, 2017 11:17am
[quote=sisse;9646009]A quick update for those tracking Oil (and or CAD as collateral), triggering the traditional 'Choose your poison time' for the short and mid term leg... sisse {quote}
I choose SELL as a direction targeting $45.
I've the same SELL direction for Gold as Trump stopped tweeting Am I wrong?
  • #148,254
  • Mar 9, 2017 12:08pm Mar 9, 2017 12:08pm
Long, long time lurker here. I've been silently watching and learning (following the iterations on my own) since early '15. I just wanted to reiterate my thanks to Sisse for taking the time and having the patience to instruct us all. I also wanted to thank Chester, GB, Fischer and others for the amazing maps and public commentaries.

I've taken to heart the lesson that a trader needs to have a plan for each possibility and once in a trade be already planning the next. So, when ECB was inline today for some reason I had a knot in my gut even though I am green and short in E/U. I realized it was because after next Wednesday, despite all I have learned, I really don't have a plan for my next forex trade. I am watching with great interest the current discussions on the waning influence of RMT, political risk on both sides of the Atlantic, inflation taking center stage and a possible bottom for the E/U coming soon.

I sense our 2-yr hibernation is almost over...

Maybe someday I will know enough to contribute.

Many thanks and massive gratitude.
  • #148,255
  • Mar 9, 2017 3:42pm Mar 9, 2017 3:42pm
Quoting janpec1000
{quote} Still having those, UJ GJ, GJ especially after 138.5X and current GBP very short term complex bottom. So far first long attempt on UJ 114.840 risking few. Nice and easy pop there on EU 560-6X0 for those that caught it after consolidated leg was taken out. On equities tracking OCRX today for possible washout on long side, same play as yesterday.
Beautiful washout there on OCRX, +72% move today, squeezing some shorts and filling the gap. Liquidating both longs on 1.8X. Looking to add on UJ tomorrow.
  • #148,256
  • Mar 9, 2017 4:31pm Mar 9, 2017 4:31pm
A dull day after the inline with expectations ECB, without much to highlight across the board.

We are rolling in a very tricky close in the Euro for tomorrow. Bulls starting to choke at these levels and will need a major hand from NFP / FED to avoid locking 1.087x for the spring.

TA wise short term we have formed a cluster fck after failing to take the 1.05xx handle on Yellen last week. There are rather very large hands caught in the handle and when the area is resolved there is a nuclear compression already. We are set for a volatility break of +400/+500 ticks in a rather very sharp short lived leg instead of a smooth ebb and waves.

Expecting a very active European morning as we start digesting the ECB out of the way for a couple of months and start trading deep into US hikes that will kickstart with NFP....until then, not much to see or do but same levels, same trades, same all.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,257
  • Mar 9, 2017 5:26pm Mar 9, 2017 5:26pm
You need to create a sound byte so i can put a voice and tone to that. "Same levels, same trades, same all" feels like the catch line of an evening reporter
  • #148,258
  • Mar 9, 2017 7:43pm Mar 9, 2017 7:43pm
Quoting Pharm0r
You need to create a sound byte so i can put a voice and tone to that. "Same levels, same trades, same all" feels like the catch line of an evening reporter
https://soundcloud.com/boon-235641675/sisse-until-then
  • #148,259
  • Mar 9, 2017 9:41pm Mar 9, 2017 9:41pm
haha, there is some debate on whether or not sisse is a boy or girl....there maybe some debate unto whether or not sisse is a robot as well.

so a robot woman is plausable
  • #148,260
  • Mar 10, 2017 2:32am Mar 10, 2017 2:32am
..and that will be pretty much it for the European opening session. European equities 'happy' with ECB out of the way. Inflation targets extended guarantee free money and low rates without hiccups until early in the Summer.

Gold marching solid deep on the hikes play (@Chester 1196.xx tested) while Euro chopping around in the same area with the map crystal clear for NFP and FED.

sisse


Quoting Pharm0r
haha, there is some debate on whether or not sisse is a boy or girl....there maybe some debate unto whether or not sisse is a robot as well. so a robot woman is plausable
lol ...yeah why not a Bot sounds inline with the tweets and bot posting fake news that are flooding the wires in the last years.

Challenging perceptions and stereotypes it almost never fails to deliver ...most of the time allow you to read on what people are focusing, hints you about the 'background' they are coming from and more importantly for this forum forces people to read the message not the messenger...the exact opposite of our politicians in charge across the Atlantic ....

I need a name for my next idea so 'I will take that'. I'll take the 'same levels, same trades, same all' as the official slogan for it....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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