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The Really Useless Thread

  • #149,181
  • Mar 31, 2017 9:46am Mar 31, 2017 9:46am
Well done
  • #149,182
  • Edited 10:58am Mar 31, 2017 10:14am | Edited 10:58am
While we wait for Commodities to close, lets continue the key Dollar discussion.

Quoting sisse
..... Do we have a break or extension of lows?
Quoting mayafx
{quote} It s an extension no break per yet
Quoting goosebone
{quote} Extension of swing low printed already with this month's candle. Not enough time or news to extend it further or break. So neither further extension of lows or break by close.
@mayafx @goosebone Ok so we are going to get and extension (TBC in a couple of hours) before going to direction, maps and outlooks and etc. Lets open the following discussion title:

++++Demystifying institutional analysis - Thinking by Yourself ++++


The objective is to show you how to start thinking and analysing FX markets by yourself and make a multibillion institutional/professional analysis accountable in the RUT by crowd thinking the same outlook but by a group of amateur retail traders...let see how it goes....

The discussion comes from here for reference.

Quoting kins98
UBS FX sell-side research for /dx tech and macro - personally in agreement with this {image}
Ok second pre scanning questions .... feel free to jump in public or not ....

DOLLAR CHART

Attached Image


Q2: From a strictly very basic price point of view of the current candle alone would you consider todays Q/M/W/D close:

A. Very Bullish
B Bullish
C. Neutral
D. Bearish
E. Very Berish
F. Irrelevant / No clue

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,183
  • Mar 31, 2017 10:22am Mar 31, 2017 10:22am
Q - neutral & daily - bearish .... Sorry my mistake I thought it of EU chart .... No comments
Re-Incarnated
  • #149,184
  • Mar 31, 2017 10:27am Mar 31, 2017 10:27am
Current candle = Neutral to me
  • #149,185
  • Mar 31, 2017 10:53am Mar 31, 2017 10:53am
Trap for bulls!!! going lower 1.0475-13
  • #149,186
  • Mar 31, 2017 10:54am Mar 31, 2017 10:54am
Ext of Lows but no Break.....Neutral
  • #149,187
  • Mar 31, 2017 10:54am Mar 31, 2017 10:54am
Extension of lows - Neutral close.
  • #149,188
  • Edited 11:37am Mar 31, 2017 10:55am | Edited 11:37am
Shy board ...Spring Friday afternoon in Europe, working hours in the US ...but still a key day to track in the markets... as I always said...when these boards are extremely quiete and empty is usually when the most important days to track are happening ....

In any case, lets leave it open a bit longer to see if others catch up

So far, Q/M close single bar Question 2:

Bullish

@UBS (Slightly bullish oversold till end of April)

goosebone

gazpacho

chino


Neutral

@Pharm0r

IMARICH1

suntan

Fadhl

primejarvis


Bearish

felixjabreu

ktoTam



sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,189
  • Mar 31, 2017 11:00am Mar 31, 2017 11:00am
Well call me crazy but it looks bullish to me.
  • #149,190
  • Mar 31, 2017 11:03am Mar 31, 2017 11:03am
Neutral.
  • #149,191
  • Mar 31, 2017 11:09am Mar 31, 2017 11:09am
bullish
  • #149,192
  • Mar 31, 2017 11:13am Mar 31, 2017 11:13am
Neutral on Q and daily bullish
Re-Incarnated
  • #149,193
  • Mar 31, 2017 11:14am Mar 31, 2017 11:14am
Quoting gatorinla
eu wise.. no change for me. a test and probably breach of 1.0828 high.. with the 1.1087 attraction.. but its probably a zig zag path.. meaning after breach, it may drop back to 1.05xx before 1.13xx.. if 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. the pair rarely dont reach its norms such as the missed 1.2xx
it may be safer to wait for 0585 eu.. i got conflict against usdx atm.. i still have usdx dropping to 97.xx or 96.xx.. it may encounter some R at current 100.50 or 101.52 ish..i still think it will force a eu rise. the safer trade may be to wait for 0585 eu or less w/o a LL.
https://www.forexfactory.com/showthr...95#post9580295
those who can, do. those who cant, talk about those who can
  • #149,194
  • Mar 31, 2017 11:15am Mar 31, 2017 11:15am
For Quarterly, it just appears we are in the lower part of the range from 103 to 99. And, we are trading Inside bars I believe. There has been LOW EXT and HIGH EXT but neither broke range IMO. No Break, No Shake.
  • #149,195
  • Mar 31, 2017 11:19am Mar 31, 2017 11:19am
This time we are going to take a very different approach for this questions. I will take extreme bias sides in all furthers questions. Take it as you wish but don't take it as if they are actually the right or wrong answers ...you will see why in a few. The point of the discussion is as the title said 'Think by yourself' so having a crowd call, and institutional reports and me who has the advantage of deciding the questions giving lots of sometime contradictory views...

To make it even more interesting I will invite a few old timmers to jump in just for the sake of the discussion so I invite @gatorinla to give a shout just for the particular questions and views ...

sisse Q2: I chose Extreme bullish close. I'll close the question in the next 10 minutes.

sisse

PS: While I was writing, I saw @gatorinla post ...ill take that as very bearish close for the sake of the discussion only.
PSS:@primejarvis there is no right or wrong answer I am just asking a simple interpretation for today close ...nothing more nothing else.
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,196
  • Mar 31, 2017 11:20am Mar 31, 2017 11:20am
A neutral dollar for me in long term as the bomb is ticking and might explode sooner than later ... On weekly and daily we are bullish with good nos in almost every sector not the time to load for long term or mid term ... For short term we are bullish and might get an exhaustion leg before fading ... With Trumpnonics around the corner ... Let's C hope I am right ... Correct me if I am wrong

Sorry for the right and wrong part
Re-Incarnated
  • #149,197
  • Mar 31, 2017 11:29am Mar 31, 2017 11:29am
Bearish
Time is your friend; impulse is your enemy.
  • #149,198
  • Mar 31, 2017 11:31am Mar 31, 2017 11:31am
Quoting sisse
Q2: From a strictly very basic price point of view of the current candle alone would you consider todays Q/M/W/D close: A. Very Bullish B Bullish C. Neutral D. Bearish E. Very Berish F. Irrelevant / No clue sisse
First time to post, im reading and still a few notes from you and others on thread but want to participate now.
Neutral to Bullish i will say (Bullish)
  • #149,199
  • Mar 31, 2017 11:36am Mar 31, 2017 11:36am
Second round of closes coming from the commodities front.

After a very good beginning of the year, commodities struggle with the FED and especially with Trump jitters. However they are closing very strong.

Both Gold and specially Oil closing very bullish but importantly triggering "imminent break up alerts for the short and mid term," (which we already had it triggered last month but failed).

A quick wrap up on the Q:

-> OIL held 49.3x closing in mid and short term outlook in buy. 51.7x -> unlocks 57.xx -> 68.6x ->max ext 86.6x (still locked this one) with a bunch of intermedia stops in between in the short term.

-> Gold sitting 1250.xx for the close in short term buy and mid term soft buy. 1255.xx unlocks-> 1320.xx and the ext 1440.xx with a couple of intermediate stops in between in the short term.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,200
  • Mar 31, 2017 11:40am Mar 31, 2017 11:40am
keep it going guys. cannot participate. went for a law conference so will catch up with the posts on sunday
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