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The Really Useless Thread

  • #148,741
  • Mar 21, 2017 6:48am Mar 21, 2017 6:48am
https://www.forexfactory.com/showthr...17#post9580417
those who can, do. those who cant, talk about those who can
  • #148,742
  • Edited 7:12am Mar 21, 2017 6:51am | Edited 7:12am
Quoting gatorinla
eu wise.. no change for me. a test and probably breach of 08xx high.. with the 1.1087 attraction.. but its probably a zig zag path.. meaning after breach, it may drop back .... so, then it rises. bullish pattern would be higher, and target would be 1.13xx.. posting on the fly.. scroll down on my name. the setup is/was posted. usdx probably needs a sub 100.. those were posted also weeks ago.
Now we are finally getting back in synch with you.... It's getting clearer and clearer now that the Trump / Brexit combo is going to have a major impact (and sadly for bad for what it seems) across the board.

The ducks are aligning one by one but we still have short term strong macro numbers and short term extreme greed keeping markets on steroids in denial that destroying global cooperation, economy and trade 'it won't be that bad' at the end ... we are setting for tears in the markets and blood and lots of it in near mid and long term.

Whatever, the case, depending on French election Euro* (last hurdle from that side) is setting to emerge (and against most odds before Brexit/Trump) stronger if the protectionism/populist/cheap nationalism storm hit shore with a very sour after taste from 'Russia with love' (big news on the political front both Trump links yst and pretty much all dirty money from the Russian oligarchs on the headlines today that has been laundered in London in the last decade ....no wonder the huge ''££££££" financing all the Brexit media).

....Tracking NY for the final pop on the highs ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,743
  • Mar 21, 2017 6:58am Mar 21, 2017 6:58am
Quoting sisse
{quote} Now we are finally getting back in synch with you.... It's getting clearer and clearer now that the Trump / Brexit combo is going to have a major impact (and sadly for bad for what it seems) across the board. The ducks are aligning one by one but still have short strong macro numbers and short term extreme greed keeping markets on steroids in denial that destroying the global cooperation, economy and trade 'it won't be that bad' at the end ... we are setting for tears and blood and lots of it in near mid and long term. Whatever, the case,...
the roaches are scattering now. unlike like some who lost their path. i remember a time when we didn't belittle our war heroes. And we weren't so gullible to praise our comrades, or diminish our friends. as time goes on, it will be rare to see a admitted DT voter. probably like the rarity of a admitted Hitler voter when the Red Army rolled in Germany.

https://www.forexfactory.com/showthr...17#post9580417
those who can, do. those who cant, talk about those who can
  • #148,744
  • Mar 21, 2017 7:12am Mar 21, 2017 7:12am
On E/U its evolving nicely. Hope we get the extension to start looking for shorts higher.

P.S.: sisse, if my TA is getting out of this world, let me know
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  • #148,745
  • Mar 21, 2017 7:33am Mar 21, 2017 7:33am
Quoting chester123
On E/U its evolving nicely. Hope we get the extension to start looking for shorts higher. {image} {image}
you will start looking for shorts after reaching the extension ?!!
the whole 1.08xx handle is a flip area between mid/long term bulls and bears so basically if one is to jump the gun for exemple is starting from 1.080x with sl 1.089x and TP1 1.065x TP2 1.049x TP3 1.038x etc

and btw there is a cluster of resistance between 1.082x/4x so without a further push on inertia from FED flows during NY we pretty much set the high of month in the next 24hrs .

All this speculation is based on bearish euro outlook as per the last discussion with Sisse on each side of the pair outlook .
Get Rich or Die Tryin
  • #148,746
  • Mar 21, 2017 7:38am Mar 21, 2017 7:38am
Quoting hoom
{quote} you will start looking for shorts after reaching the extension ?!! the whole 1.08xx handle is a flip area between mid/long term bulls and bears so basically if one is to jump the gun for exemple is starting from 1.080x with sl 1.089x and TP1 1.065x TP2 1.049x TP3 1.038x etc and btw there is a cluster of resistance between 1.082x/4x so without a further push on inertia from FED flows during NY we pretty much set the high of month in the next 24hrs . All this speculation is based on bearish euro outlook as per the last discussion with Sisse...
well, Its time to look now generally - as we are in cheap tickets ST. But so far there has not been even one TA signal that the flow ends without the extension. So thats why Im still waiting. Dont wanna take the trade on the way up but on the way down. Dont need to load on the max extension itself.
  • #148,747
  • Edited 7:59am Mar 21, 2017 7:46am | Edited 7:59am
If one is short, in my opinion there are sensible entries at 81x/82x stops at 84x, 85x stops at 89x and 87x stops at 97x+. I won't take the lower ones with a wide stop. Only the 870. Either way, no gun jumping for me today.
  • #148,748
  • Mar 21, 2017 8:35am Mar 21, 2017 8:35am
Vix worth to watch.
  • #148,749
  • Mar 21, 2017 8:40am Mar 21, 2017 8:40am
Quoting gatorinla
{quote} it will be rare to see a admitted DT voter. probably like the rarity of a admitted Hitler voter when the Red Army rolled in Germany.
yes DT and Hitler are very similar classic analogy LOL
  • #148,750
  • Mar 21, 2017 11:20am Mar 21, 2017 11:20am
....and I will take that in GOLD for the European close. Clearing first main target with the test 1242.xx. Clean and simple ride so far. Well done all holding longs from 1200.xx and even below.

@chester123 you saw the play from 1196.xx miles ahead of time ....you traded the micro leg for positioning and not the actual swing !!!... watch out your trading is not getting blurred because of new TA in 'research mode'...

In any case, Europe going home with decent sessions across the board and with all markets in synch.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #148,751
  • Mar 21, 2017 11:42am Mar 21, 2017 11:42am
I love GBP right now
my bearish bias has gone for the time being
COT report has the big money starting to load up on Sterling
Inflation is on the up, The BOE can only ignore this for so long.
Article 50, soon to be triggered, the worst case scenarios for a messy divorce with the EU is priced in

Yes the Euro has a bullish tone
but GBP is the more bullish imo, particularly against the crosses {I would never trade against the USD, with its fundamental positive yield outlook)
  • #148,752
  • Mar 21, 2017 11:44am Mar 21, 2017 11:44am
Stopped

not a bad 7 weeks to make $10

will look to re enter after the next few closings....as chester...on the way down.
  • #148,753
  • Mar 21, 2017 11:49am Mar 21, 2017 11:49am
Quoting Pharm0r
Stopped not a bad 7 weeks to make $10 will look to re enter after the next few closings....as chester...on the way down.
really !! what was your entry ? no partial profit taking !
Get Rich or Die Tryin
  • #148,754
  • Mar 21, 2017 11:58am Mar 21, 2017 11:58am
Quoting hoom
{quote} really !! what was your entry ? no partial profit taking !
entry 1.0800, TP1 was set to 1.0400- that's the range homeboy. Accurate per mofu standards as well...actually exactly accurate...the high on 2/2 was a perfect norm tap, the norm range extends as high as 1.0866

full range of the swing shows 0.9894

https://www.forexfactory.com/attachm...7&d=1489164710
  • #148,755
  • Mar 21, 2017 11:58am Mar 21, 2017 11:58am
Quoting hoom
{quote} really !! what was your entry ? no partial profit taking !
let's say one entered X3 short at 1$ a pip around 1.080x 7 weeks ago , took partial profit every 100 pips , should have 100$ + 200$ + 300$ already so paid for stops at 1.090x [300$] and 300$ in profit no matter what happens
Get Rich or Die Tryin
  • #148,756
  • Mar 21, 2017 12:00pm Mar 21, 2017 12:00pm
Quoting hoom
{quote} let's say one entered X3 short at 1$ a pip around 1.080x 7 weeks ago , took partial profit every 100 pips , should have 100$ + 200$ + 300$ already so paid for stops at 1.090x [300$] and 300$ in profit no matter what happens
lol 100 pips on a mid term swing?
  • #148,757
  • Mar 21, 2017 12:01pm Mar 21, 2017 12:01pm
Quoting Pharm0r
{quote} entry 1.0800, TP1 was set to 1.0400- that's the range homeboy. Accurate per mofu standards as well...actually exactly accurate...the high on 2/2 was a perfect norm tap, the norm range extends as high as 1.0866 full range of the swing shows 0.9894
shame 300 pips vanished like that , can I ask why you choose to close it now ? you had stops at BE even though you knew 1.083x then 1.087x is where actual tops are .
Get Rich or Die Tryin
  • #148,758
  • Mar 21, 2017 12:03pm Mar 21, 2017 12:03pm
Quoting Pharm0r
{quote} lol 100 pips on a mid term swing?
Just for the sake of the exemple , we have discussed this before in this thread , positions management on a mid term swing ....it's 3 positions for exemple , TP1 100 pips TP2 200 pips TP3 300 pips all hit , so why aim for the full swing or nothing .
Get Rich or Die Tryin
  • #148,759
  • Mar 21, 2017 12:04pm Mar 21, 2017 12:04pm
Quoting hoom
{quote} shame 300 pips vanished like that , can I ask why you choose to close it now ? you had stops at BE even though you knew 1.083x then 1.087x is where actual tops are .
I can reenter without the risk, essentially turned into a scratch trade, covered all costs involved plus a few bucks. Better than getting stopped out on a new high for a loss

I didn't expect a 200 pip immediate rally on confirmed hike and bullish outlook for Dollar, with EU in shambles. Fuck me right?
  • #148,760
  • Mar 21, 2017 12:05pm Mar 21, 2017 12:05pm
Quoting Pharm0r
Stopped not a bad 7 weeks to make $10 will look to re enter after the next few closings....as chester...on the way down.
Same here ... Ridiculous play
Re-Incarnated
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