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The Really Useless Thread

  • #149,761
  • Apr 13, 2017 3:30pm Apr 13, 2017 3:30pm
I don't think it is a big surprise that I go for the short .
Trading in the shadow of SM
  • #149,762
  • Apr 13, 2017 3:35pm Apr 13, 2017 3:35pm
i go for long
  • #149,763
  • Apr 13, 2017 3:36pm Apr 13, 2017 3:36pm
I don't agree with ST Outlook as Sell. I believe it's Neutral so I am looking at Neutral as my answer.

I Thought for Short term Map or Leg we would use Day charts range so I am perplexed how all these levels are not even close to sisse's. I thought Mid Term and Long Term we Map from Weekly and Monthly charts.

Nevertheless, I see us at least approaching the .08xx handle again if .073x gets taken.

I agree that .068x held and would make me more bias Short. But, with Risk Off and .061x holding along w French Elections in play that we are no more closer for the Momentum Leg down yet.
  • #149,764
  • Apr 13, 2017 3:43pm Apr 13, 2017 3:43pm
Short @1.062x STP 1.072x TP1 1.046x (bottom target) TP2 1.028x TP3 1.019x
  • #149,765
  • Apr 13, 2017 3:43pm Apr 13, 2017 3:43pm
=> Neutral No Touch 1.082x or 1.042 until French elections are over
+/-max r:r: 1:2...
  • #149,766
  • Apr 13, 2017 3:45pm Apr 13, 2017 3:45pm
With all the conflicting information and manipulations, I'm neutral for now.
  • #149,767
  • Apr 13, 2017 3:46pm Apr 13, 2017 3:46pm
Quoting IMARICH1
I don't agree with ST Outlook as Sell. I believe it's Neutral so I am looking at Neutral as my answer. I Thought for Short term Map or Leg we would use Day charts range so I am perplexed how all these levels are not even close to sisse's. I thought Mid Term and Long Term we Map from Weekly and Monthly charts. Nevertheless, I see us at least approaching the .08xx handle again if .073x gets taken. I agree that .068x held and would make me more bias Short. But, with Risk Off and .061x holding along w French Elections in play that we are no more closer...
So like what range on the daily? 690-570 maybe? Whats your st range? I ask because i know mines large and perhaps out of scope for short term.

Guess i can see 560 to 797 making some sense. Flip at 670. @sisse is that the st range you are working with?
  • #149,768
  • Apr 13, 2017 3:59pm Apr 13, 2017 3:59pm
goosebone, I posted my range from a Day chart (.086x, .073x and .058x) But, it is obviously wrong since sisse didn't agree so I hate to offer any advice.

GL as EU is so bi-polar to me and I can never figure out which medication(s) aka (instrument(s) ) works best on it.
  • #149,769
  • Apr 13, 2017 4:00pm Apr 13, 2017 4:00pm
Quoting IMARICH1
goosebone, I posted my range from a Day chart (.086x, .073x and .058x) But, it is obviously wrong since sisse didn't agree so I hate to offer any advice. GL as EU is so bi-polar to me and I can never figure out which medication(s) aka (instrument(s) ) works on it.
Ah i see it. Thanks.
I gotta zoom in my st map. At this point its only a 'short term' on a geological time scale.
  • #149,770
  • Edited 4:36pm Apr 13, 2017 4:12pm | Edited 4:36pm
...and we are rolling with a neutral roll .... most of the world market on Holiday / long weekend except for the US still open tomorrow with an hyperactive president in a rampage for the media this week from war to getting ride of the FED ...all but not a word on the only important thing: economic policy.

Markets starting to lose patience with Trump, odds for passing any real impact policy on the tax and fiscal plan for this year plummeting to the lowest levels since November. US numbers still holding but will start softening on the employment front (not because of slow down but 'cause full employment).

As long as all other macro numbers and inflation are holding, only a major fck up from Trump (sadly possible and out of stupidity rather than policy decision) can trigger a major wipe out across the board.... so an unstable, 5 year old child mentality sitting with 4,018 nukes playing Monopoly and Risk (the board games) via Tweeter has the keys for this one ...

Hope macro numbers and markets don't start flopping in the US as if they do.... they are the only ones holding a major blow for now ...

sisse

Quoting sisse
{quote} ... Result for Q3: => Top Overwhelming consensus on the top @ 1.086x so will take that (although I strongly disagree with all you guys... ) => Bottom most values are around the 1.050x area with out of the distribution to 1.038x and as high 1.058x . A proper realistic distinction so will take the mean around bottom @ 1.046x as value (again I can see why those areas but strongly disagree...

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

Parité, Consolidé ou Terminé"


=> Long @1.062x STP: 1.052x TP1: 1.078x TP2: 1.086x (top target) TP3: 1.095x +/-max r:r: 1:5

ExForX

kayaker

=> Short @1.062x STP 1.072x TP1 1.046x (bottom target) TP2 1.028x TP3 1.019x +/-max r:r: 1:5

Fadhl

chronical

Pharm0

Earleone

ashenv


=> Neutral No Touch 1.082x or 1.042 until French elections are over +/-max r:r:1:2

pmmebids

goosebone

hoom

Grinsakh

suntan

gazpacho

IMARICH1

PAStalker

eborn

A few more minutes before we start wrapping up the calls...

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,771
  • Apr 13, 2017 4:16pm Apr 13, 2017 4:16pm
Quoting NMZee
{quote} So, 109.61 didnt happened, which means no pullback any time very soon. May be a visit to 108.40 and then we may get that rally. !
it dont mean much.. a close above would be more favorable for a retrace. since it didnt happen.. a rejection of the close retrace to 109.05 was likely..
those who can, do. those who cant, talk about those who can
  • #149,772
  • Apr 13, 2017 4:20pm Apr 13, 2017 4:20pm
Quoting goosebone
{quote} Like this? +++ Opening final live iteration in the Euro ++++ "Parit, Consolid ou Termin" => Long @1.062x STP: 1.052x TP1: 1.078x TP2: 1.086x (top target) TP3: 1.095x +/-max r:r: 1:5 ExForX kayaker => Short @1.062x STP 1.072x TP1 1.046x (bottom target) TP2 1.028x TP3 1.019x +/-max r:r: 1:5 Fadhl chronical Pharm0 Earleone ashenv => Neutral No Touch 1.082x or 1.042 until French elections are over +/-max r:r:1:2 pmmebids goosebone hoom Grinsakh suntan gazpacho IMARICH1 PAStalker eborn A few more minutes before we start wrapping up the calls......
got it thanks ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,773
  • Apr 13, 2017 4:35pm Apr 13, 2017 4:35pm
Thanks all ....table closed

+++ TABLE CLOSED final live iteration in the Euro ++++

"Parité, Consolidé ou Terminé"


=> Long @1.062x STP: 1.052x TP1: 1.078x TP2: 1.086x (top target) TP3: 1.095x +/-max r:r: 1:5

ExForX

kayaker

=> Short @1.062x STP 1.072x TP1 1.046x (bottom target) TP2 1.028x TP3 1.019x +/-max r:r: 1:5

Fadhl

chronical

Pharm0

Earleone

ashenv


=> Neutral No Touch 1.082x or 1.042 until French elections are over +/-max r:r:1:2

pmmebids

goosebone

hoom

Grinsakh

suntan

gazpacho

IMARICH1

PAStalker

eborn


A couple of points now that everybody has its poison loud and clear:

=> First a TA one (anybody feel free to jump in or just follow on the background).

We have mentioned this concept a few times in the last year. We have a potential MOMENTUM play confirmed (well since yesterday thus the roll play last night)

Q4: Can you spot where is it?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,774
  • Apr 13, 2017 4:42pm Apr 13, 2017 4:42pm
Rejection off 1.068 (Daily 50ema) last night confirming the move down from 1.09 possibly to 1.048?
  • #149,775
  • Apr 13, 2017 4:48pm Apr 13, 2017 4:48pm
Quoting ashenv
Rejection off 1.068 (Daily 50ema) last night confirming the move down from 1.09 possibly to 1.048?
Ok I see but I was referring to some more very basic price only momentum play.

For those not familiar with the lingo. Momentum play as in the level of no return where once taking price wont retrace at all and will fly/cut a couple of handles (in this case) without looking back ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #149,776
  • Apr 13, 2017 4:51pm Apr 13, 2017 4:51pm
.054x is where is would start unless .061x is key break now but momentum would escalate at .036x
  • #149,777
  • Apr 13, 2017 4:54pm Apr 13, 2017 4:54pm
IMO we had strong momentum on the first leg down on daily, using harmonics/ratio I have projected a potential next momentum leg ( that has started )
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 37 KB
Trading in the shadow of SM
  • #149,778
  • Apr 13, 2017 4:56pm Apr 13, 2017 4:56pm
Couple of handles? 1.048x maybe. 1.056x would be big but not sure couple handles big. I might be putting too much weight on 520 tho
  • #149,779
  • Apr 13, 2017 4:57pm Apr 13, 2017 4:57pm
Quoting sisse
{quote} Ok I see but I was referring to some more very basic price only momentum play. For those not familiar with the lingo. Momentum play as in the level of no return where once taking price wont retrace at all and will fly/cut a couple of handles (in this case) without looking back ... sisse
I see where a breach of 1.07 would leave 1.09 open. To the downside a breach of 1.049x could expose a few handles.
  • #149,780
  • Apr 13, 2017 4:59pm Apr 13, 2017 4:59pm
Maybe way off..but has it already begun..didnt see your post earlone
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