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The Really Useless Thread

  • #149,661
  • Apr 12, 2017 4:19pm Apr 12, 2017 4:19pm
Well so much for a quiet week. I took my medicine and closed for -15p. Deju vu - guess I'm looking to re-enter on a potential rejection of 1.075/6.
  • #149,662
  • Apr 12, 2017 4:29pm Apr 12, 2017 4:29pm
Quoting ExForX
Trump probably has some relatives trading this shit...
read my mind bro... read my mind
  • #149,663
  • Apr 12, 2017 4:48pm Apr 12, 2017 4:48pm
Quoting SorinAQ
Since I still remember that roll play on January 3rd/4th (at the 1.04x handle) and I've regretted not asking about it then, at the risk of looking stupid I have to ask is this roll play an opportunity for loading longs in Euro to the top/extreme of the ST range?
Thats why is called ...pick 'your poising time' because there is usually only one overwhelming winner ... ... What do you think? are you looking for ST or MT? whats your outlook? whats your map? ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,664
  • Apr 12, 2017 4:49pm Apr 12, 2017 4:49pm
In times of relative confusion its wise to map a path to the exit hatch. (a lesson that took me two marriages to fully grasp).
Closing the week under 1.065x will keep me in my shorts (trades that is, ill keep my pants on either way) and over 1.069x hits the tp eject button. Between the two and ive got poison to choose.
Thats where im at.
  • #149,665
  • Apr 12, 2017 4:51pm Apr 12, 2017 4:51pm
https://www.forexfactory.com/showthr...36#post9504736

Except that right now DT's pro-dollar campaign promises (infrast/tax reform/protectionism/etc) look much cloudier than they did on 1/3/17.
  • #149,666
  • Apr 12, 2017 4:51pm Apr 12, 2017 4:51pm
Quoting sisse
...markets not really happy with the Tweet. Equities closing indifferently low and soft, risks instrument rally strong on the back and Euro closing slightly bearish but clearing all soft hands on very thin market. For those holding mid term positions is trailing stops time to the 1.08xx handle. More importantly and unexpectedly, Euro triggering the traditional short term 'choose your poison time' for the first time this Quarter... We have a major roll play (D and prolly a double one with W) ... Here nothing more to do or see but same levels,...
is it right place for trailing stops?
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  • #149,667
  • Apr 12, 2017 4:59pm Apr 12, 2017 4:59pm
Quoting ashenv
https://www.forexfactory.com/showthr...36#post9504736 Except that right now DT's pro-dollar campaign promises (infrast/tax reform/protectionism/etc) look much cloudier than they did on 1/3/17.
Right. At least on the border tax part of it (hes not sold himself there yet but still) dollar appreciation is an intregral part of the plan. So if he keeps this rhetoric up, has he bailed on all plans like it? Might be prudent to at least consider the notion, however, that he hasnt the slightest idea what hes talking about. At near any given time. (would explain a lot)
  • #149,668
  • Apr 12, 2017 5:05pm Apr 12, 2017 5:05pm
Quoting gazpacho
{quote} is it right place for trailing stops? {image}
Have we/you changed your short or mid term map this year? ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,669
  • Apr 12, 2017 5:18pm Apr 12, 2017 5:18pm
ST outlook in Euro is Agressive Sell
ST outlook in Dollar is Extreme Buy

But I'm not sure we've set the high of the year in Euro (maybe IMARICH1 can still get that 1.097x)?
  • #149,670
  • Apr 12, 2017 5:21pm Apr 12, 2017 5:21pm
Quoting sisse
{quote} Have we/you changed your short or mid term map this year? ... sisse
Quoting gazpacho
just a view from me. {image} {image}
my map is still same (mid&long term).

as you mentioned in this post , it scares me more every time.
  • #149,671
  • Apr 12, 2017 5:22pm Apr 12, 2017 5:22pm
Quoting goosebone
{quote}Might be prudent to at least consider the notion, however, that he hasnt the slightest idea what hes talking about. At near any given time. (would explain a lot)
Quoting sisse
{quote} Indeed. They have an insane President for the first time in history.
I don't think he has a grasp of the big enough picture to understand his own contradictions. Nor does he understand or respect the established boundaries and checks of power built into the system. It's always been too big for him and the people he's relying on to translate each have their own agenda and can't get out of their own way. It's embarrassing.
  • #149,672
  • Edited 6:45pm Apr 12, 2017 5:25pm | Edited 6:45pm
Short term leg .063x flip area for me to .073x-->.083x---.097x was an extreme extension

Outlook still Sell for Mid and Long Term but I am getting less confident w my President's tweets and devaluing the dollar. Free money for how long and in the end won't the profit be really less despite how much equities rise? What about inflation? Sure, you make $100k in your 401k but is it worth $100k now.

I am now Long at .0640 per my St Map since we didn't break .058x. I took profit at .0601 from my .073x short and was trailing it. Glad I took profit as my ticket was expensive to begin with.
  • #149,673
  • Apr 12, 2017 5:27pm Apr 12, 2017 5:27pm
My map hasnt changed. But ill say heading into french elections from 1.073x levels or north as opposed to 1.052x or south changes the dynamic a notch or two.
  • #149,674
  • Apr 12, 2017 5:58pm Apr 12, 2017 5:58pm
Sisse... https://www.forexfactory.com/showthread.php?p=9558395

--> As highlighted in the yearly outlook. If Euro holds this massive last risk hurdle (standing against populism, nationalism and the destruction of the common market and getting rid of the UK as the ugly duckling in the EU) this year, it will become a very powerful and in its own right global currency alternative especially with Dollar and Yuan hijacked by politics and national interest instead of economic factors and with Sterling leaving a huge piece of the cake for grabbing in the FX board after Brexit.

Maybe this is coming into play sooner than expected...thanks to the Trumpeter
  • #149,675
  • Apr 12, 2017 6:10pm Apr 12, 2017 6:10pm
Quoting gatorinla
{quote} 111.14 is probably hard to notice on a day chart or larger.
Gator,
is 111.14 a part of a small bullish swing, which is now invalidated?
  • #149,676
  • Apr 12, 2017 6:43pm Apr 12, 2017 6:43pm
Quoting SorinAQ
ST outlook in Euro is Agressive Sell ST outlook in Dollar is Extreme Buy But I'm not sure we've set the high of the year in Euro (maybe IMARICH1 can still get that 1.097x)?
Well if you are in aggressive outlook with both sides pointing at the same side You should have only a one way express ticket to parity and therefore that 1.097x sounds ridiculous out of scope.

We know your poison so what's your map?

I personally strongly disagree with both your outlooks (at least at the moment). Why extreme sell Euro* why extreme buy Dollar?....I think your are out of synch but let 's hear your arguments so others can jump in

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,677
  • Apr 12, 2017 7:24pm Apr 12, 2017 7:24pm
had beautiful shorts @ 1.0670 from last week and was aiming for 1.0540 but got stopped out break even.. well thats trading

did a small analysis in USD index and found that... now in the aftermath it ofc. looks obvious but was so in love with my dollar longs that i simply ignored that...
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Edit: i am still mid term long USD. i think FED will preform and drag it to 104 but long term i think the only wanted direction is south... Who knows what clown will be the next FED Chair ...
  • #149,678
  • Apr 12, 2017 10:04pm Apr 12, 2017 10:04pm
Quoting primejarvis
President Trump Speaks : Due to discuss healthcare, tax reform, the Syrian crisis, and North Korea in an interview conducted on Fox Business Network any one expecting anything about this ..... expecting more war talks less tax talk .....healthcare out of his hands .... -- Heavily trailing two positions from 1.087x [ check] on every breach of minor resistance no new positions right now but will jump in as soon there is some clue given by chart .... lets c but for ST if breached the 1.09x we are set for 1.104x ..... will...
So trailing started ...
Re-Incarnated
  • #149,679
  • Apr 12, 2017 11:12pm Apr 12, 2017 11:12pm
Quoting jaxx80
{quote} Gator, is 111.14 a part of a small bullish swing, which is now invalidated?
not invalid.. and now with 108.77 norm reached. it would be time to start looking... even better just above 107.9x, the mate of 111.14, if it makes it this far down this swing....
those who can, do. those who cant, talk about those who can
  • #149,680
  • Apr 12, 2017 11:25pm Apr 12, 2017 11:25pm
Quoting jaxx80
{quote} Gator, is 111.14 a part of a small bullish swing, which is now invalidated?
this was the least i was looking for from 115.60...it made it earlier.. in green... if you look at the two red circles it has two levels it is between... 111.49 or 111.6x depending on broker.. is the upper... 107.60 the lower.... i will post a separate chart to help separate them. anway 108.77 was the norm pullback even if it was going to make bull move circled in green... it would usually pullback before... just like 111.14 could be a pullback before a bear move.. and 111.14 has what i believe is resistance above it and near. at 111.49/.62 area.
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those who can, do. those who cant, talk about those who can
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