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The Really Useless Thread

  • #149,681
  • Apr 12, 2017 11:36pm Apr 12, 2017 11:36pm
Quoting gatorinla
{quote} 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...
the levels that were circled in red are from a large move..... within the large move this chart shows the mid point ect. pa...if it's going to swing, its met the 108.77 norm plus its in a midpoint range of large levels. another thing is the smaller swing has its normal move to 111.14 b4 going to 107.9x... so from here (anywhere above 1.079x) it has a decent chance of bounce to 111.14.... even if it may end up later in the missed below 70. target...
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those who can, do. those who cant, talk about those who can
  • #149,682
  • Apr 12, 2017 11:36pm Apr 12, 2017 11:36pm
any thouughts on gbp/jpy? thanks
  • #149,683
  • Apr 12, 2017 11:43pm Apr 12, 2017 11:43pm
Quoting ThreeHalf
any thouughts on gbp/jpy? thanks
never looked.. not enough time to do them all
those who can, do. those who cant, talk about those who can
  • #149,684
  • Apr 13, 2017 12:15am Apr 13, 2017 12:15am
Quoting gatorinla
{quote} never looked.. not enough time to do them all
Do you think yen would be strong?
  • #149,685
  • Apr 13, 2017 12:34am Apr 13, 2017 12:34am
If I may ask a rookie question about Swing Highs/Lows.. When we get a failed break of a Swing Low, does the extreme of that break now become a new Swing Low or does the old one still have importance?
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  • #149,686
  • Apr 13, 2017 3:20am Apr 13, 2017 3:20am
...and that was pretty much for the week in Europe. Markets digesting a bit soft Trump comments. Trump single handle created a whore house of anti-market data this week. From Russia to Oil to Dollar ... Whatever the case lots in the BS noise side as it was widely expected for this but sadly we'll continue for a couple more weeks.

French election entering in the picture from today onwards so as usual, the updates in the short term until we clear the political news:

-> Changing short term outlook in European Equities from buy to neutral

and more importantly for FX

-> Changing short term outlook in Euro* from sell to neutral.

For actual trading, Gold, Yen, Sterling and CAD all healthy and on track while Euro in a dull week short-circuiting in a tweet. We couldn't take 1.058x for this W and more importantly before we enter French election mode.

For those tracking/trading Euro swings. We have pretty much set the low of the W and there is no point in holding short term positions any longer especially since yesterday so here clearing all short term positions manually.

Expecting final updates with NY for Dollar and US equities once the US wakes up ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,687
  • Apr 13, 2017 5:12am Apr 13, 2017 5:12am
eu 1,0599 would be target and mid.

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  • #149,688
  • Apr 13, 2017 6:44am Apr 13, 2017 6:44am
Is it possible to see a first attempt for a sell off of US Equities to send message to Trump about a doubt on his economic plan? 50/50.
  • #149,689
  • Apr 13, 2017 7:25am Apr 13, 2017 7:25am
Quoting goosebone
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.
I think that is good decision . I have qte similar plan . I was actually waiting for a Easter spike / shake out and planned to load up on it. But not sure if I will do that anymore. Trump (mis)using he's position. We will soon enough see if he plan to become the first trillionaire in the world.
Trading in the shadow of SM
  • #149,690
  • Edited 8:20am Apr 13, 2017 8:04am | Edited 8:20am
Quoting gatorinla
{quote} the levels that were circled in red are from a large move..... within the large move this chart shows the mid point ect. pa...if it's going to swing, its met the 108.77 norm plus its in a midpoint range of large levels. another thing is the smaller swing has its normal move to 111.14 b4 going to 107.9x... so from here (anywhere above 1.079x) it has a decent chance of bounce to 111.14.... even if it may end up later in the missed below 70. target... {image}
109.60/.61 is probably some R today.
maybe we could close the next 2 hours above b4 london closes..
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those who can, do. those who cant, talk about those who can
  • #149,691
  • Edited 8:35am Apr 13, 2017 8:12am | Edited 8:35am
Back to square one right on time for NY as always in this kind of tweets in the middle of nowhere moves on air. We are ready to close the week rather early today.

Good time to open the last iteration we are going to make it live in the Euro in this thread.

Since yesterday close, it's 'choose your poising time' for a short term swing in the Euro for the 4th time this year. Major game changer in the Euro coming for the mid and long term in the next few weeks so before we dig deeper lets open the positioning iteration for those moves.

Feel free to jump in and out as this is the last time will do this live in the thread. For those who are new around on these iteration, check back posts as we are going to go fast and not get into micro details on the basics already covered ...

+++ Opening final live iteration in the Euro ++++

"Parité, Consolidé ou Terminé"


Like usual some pre scanning question to get all in synch:

Q1: What is the current short term outlook in the EURO?

1A. Buy
1B. Neutral
1C. Sell

Q2: What is the current mid term outlook in the EURO?

2A. Buy
2B. Neutral
2C. Sell

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,692
  • Edited 8:33am Apr 13, 2017 8:16am | Edited 8:33am
1C 2C
  • #149,693
  • Apr 13, 2017 8:21am Apr 13, 2017 8:21am
1c, 2c short and mid i guess
Wise decisions are based on lies we living..
  • #149,694
  • Apr 13, 2017 8:22am Apr 13, 2017 8:22am
Quoting sisse
...sisse
There is a mistake in the iteration. I think one of Euro should have an (*).
So
Euro*: Neutral
Euro: Sell
  • #149,695
  • Apr 13, 2017 8:26am Apr 13, 2017 8:26am
Quoting Fadhl
{quote} There is a mistake in the iteration. I think one of Euro should have an (*). So Euro*: Neutral Euro: Sell
?

The iteration is for the Euro (eur/usd)...

sisse

PS: I see. @Earleone thanks its short term for Q1 and mid term for Q2 ...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,696
  • Apr 13, 2017 8:27am Apr 13, 2017 8:27am
Quoting goosebone
1C 2C (one of those supposed to be short or long term?)
the tweets didnt help me get a eu entry.. if it comes back to charts.. it was a postpone possibly.. usdx may still have the shot at 101.52 b4 real usdx drop.. eu and uj have reached my shorter term pullbacks.. but eu may not be finished using the usdx not reaching 101.52 as guidance.. the usd may still show some power in my book till.. in (that scenario uj rises and eu drops some) a bounce is healthy for reload.. uj above 109.61 on L close, closed be signs of market amnesia. it may be short lived to uj 111.14/6x
those who can, do. those who cant, talk about those who can
  • #149,697
  • Apr 13, 2017 8:28am Apr 13, 2017 8:28am
1C
2C
Trading in the shadow of SM
  • #149,698
  • Apr 13, 2017 8:32am Apr 13, 2017 8:32am
Quoting sisse
{quote} ? The iteration is for the Euro (eur/usd)... sisse PS: I see. @Earleone thanks its short term for Q1 and mid term for Q2 ...
Sorry for laziness!
Hence
1C
2B
  • #149,699
  • Apr 13, 2017 8:32am Apr 13, 2017 8:32am
1.C

2.B
Get Rich or Die Tryin
  • #149,700
  • Apr 13, 2017 8:34am Apr 13, 2017 8:34am
1B
2C
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