The Really Useless Thread

Chartogram for Gator, Chartogram for Gator.
I think you like these wedges. How doing there G?

Enough strategy. Have a good weekend everybody.

For those playing risk or holding risk off swings across the board, hope all are locked and loaded.

Got all that I needed this week. Nothing else to see or do but let markets play out with .... same levels, same trades, same all.

Hopefully we can all rest this long weekend and DT doesn't just blow the world in the meantime (sadly no longer a joke but an actual possibility)....

sisse

Firstly thank you to Sisse for all the lessons over the last few days. It has been really useful and eye opening to say the least.Some areas are now falling into place and I have plenty of reading over the Easter holidays!

One thing that still bothers me and apologies if you feel this has been covered already. I don't understand the locking and unlocking of levels. You state above we have locked 1.087x. Why is it now locked when it was unlocked a few weeks ago?

In the grand scheme of outlook, maps and levels perhaps the locking/unlocking is irrelevant but it still bothers me.

Any help would be greatfully received.

Have a great Easter everyone.

Andrew

closed for +7.. next week another battle..

Enjoy the side show

.

...for those still kicking around ...latest news coming from France. The extreme left and the extreme right running neck to neck. World definitely have gone mad.

Watch-out a runaway gap on the weekend ....

sisse

I hope they react as the Dutch: totally ignore the extreme right.

Hello! I am in my second year of trading and also a freshman in college. I started senior year of high school and blew $1000 doing binary options (had to learn the hard way this was impossible) and then another $350 or so first semester. Now I want to spend my next year completely focused on actually learning the information I thought I understood and in turn completely had be blow two accounts. I am very serious about trading and kind of hold it as a passion and recently I've been studying, and looking at charts 8-9 hours a day and I'm coming here to ask for help. Any tips for a noob?
I prefer to use structural analysis, and supply and demand to predict price action.
I prefer to use shorter time frames but I also see the value of a longer, and more substantiated time frame. My goal is to completely understand the markets, why they move, who moves them and what methods I can use to predict future price action even though I know this is nearly a certain impossibility. Nonetheless, I view trading as a fierce passion of mine and seek to learn as much as possible before I put any money in.
I think fundamental analysis is useful but only in giving you a framework of what SHOULD happen but its not always the best determinant. Technical analysis is useful as well but it can only track what has already been done, and the goal is to predict what will happen
So now, what are your techniques? Ive recently discovered that it is possible to trade without charts. Is it worth paying any attention to?
Any advice from anyone, even those who have been trading for a shorter time than me will be valuable as I believe that everyone on this planet knows something I don't so I am always open to learn. Thank you very much in advance, your words of wisdom are greatly appreciated

the brits gave the world a lot of good rock 60/ 70ties

Hi Gator,
I was cheking the charts and since i am long usdyen, i guess i have a bias towards it. Monthly 200 ema is at 108.62. Weekly sma is at 108.30. Price is in a very strong 4 h and daily demand zone. All pointing towards 110.80 / 111.42. BUT and it is a big BUT, if it breaks this level (108.30) then even 106.60 wont be too far fetched. If Euro moves to 1.085x then probabality of usdyen is brighter towards 106. What does your mofu has to say about all this ☺.

I've been doing some reading into back posts, it's a real good idea to read these posts from time to time.

At the bottom of the post sisse said he will post Chapter 8 "Flows and Price"

I kept looking for that in the next pages but can't seem to find it, sorry if it's been posted, anyone can find it, a link would be appreciated.

Stop trading and focus on getting thru school with some credentials and skills that will allow you to make a living and contribute something to society. After you are there and you are able to start saving some money, you might devote some reasonable fraction of your disposable income (let's say no more than 10% of your net monthly income) to risky trading like forex, futures, options, stocks, etc.

Putting your energy into learning about trading & fantasizing about becoming a trader are absolutely among the worst things you can possibly do with yourself at this stage of your life.

NZDUSD

Looking at this one, Is ranging between flip and top/extreme for long time. Did not manage to establish below. Is small carry long. Expectation is rate cut for NZD . But is it priced in? I think so. Bullish engulfing on weekly.

Forecast available here: http://www.tradingeconomics.com/new-zealand/forecast

Hello traders. I'm trying to learn Swing Trading and have been reading sisses lessons on this thread. I did a Swing High/Low, Support/Resistance TA on EU daily chart. Just wishing to get some feedback if it seems legit or what might I be missing. Thanks!

Yes there were disturbing polls published on Friday, particularly the one from Ipsos : Le Pen 22%, Macron 22%, Melenchon 20%, Fillon 19%. It was making the headlines in France this weekend (which is very good, now everybody is aware of the risk).

However there were also less worrying polls published the same day, one published earlier by OpinionWay showing Melenchon is not that close to the second round (Le Pen 23%, Macron 22%, Fillon 20%, Melenchon 17%) and one later (actually it's the last one available) by Odoxa showing a wider gap between Macron/Le Pen and Melenchon/Fillon (Macron 24,5%, Le Pen 23%, Melenchon 19%, Fillon 18,5%). It's important to notice that a gap of 6 points, one week before the vote, is supposed to be nearly impossible to be closed, "statistically".

IMO it's better to wait for Monday/Tuesday to see if the pedagogic work started by the medias around last Wenesday about Melenchon's program has an effect on polls or not (polls in France are made in 2 or 3 days, not in one day). Before, medias were very complaisant with him because it seemed he had no chance. His program is not neutral at all : leaving NATO, WTO, IMF, World Bank, joining ALBA, renegociating France's role in EU, breaking trade pacts, asking a reform of the ECB to allow it to lend directly to the sates, and finally leaving Euro & UE (through a referendum) if all these requirements are not accepted by EU (and I don't see how they will be). I would be really surprised if all his new voters (especially socialists who are all pro-european) knew all these things before medias started massively to speak about it a few days ago.

Another thing to consider is Fillon's electorate. Two-thirds are wealthy retired people. For them, Melenchon President is their worst nightmare. What are they going to do now they see Melenchon about to make it to the second round ? Are they still going to back (unworthy) Fillon whereas he has never been in the top 2 in the polls the last 3 months and is now almost behind Melenchon, or are they going to change their mind and back centrist Macron to avoid a disaster ? Macron is in the top 2 for 3 months now, and polls show him winning the second round in all cases (whereas Fillon is expected to lose widely against Melenchon). Macron of course is not their first choice but a bird in the hand is worth two in the bush... We will see but there are already gossips ex Prime Minister Dominique de Villepin, right-wing (like Fillon), will back Macron next week. It will not boost Macron as strongly as Bayrou's Support did, but it may help.

All this to say, despite the circumstances, I am not fully pessimistic. I hope by Tuesday polls will show some signs of improvement.

But let's imagine the worse : Melenchon or Le Pen elected French President. Is it over ? Well no, there is a second chance. To rule the country and implement your program, you need a majority at the assemblee nationale (the french parliament). French MP/Legislatives elections are scheduled to take place on 11 and 18 June 2017 : they are as important as the Presidential election. If French President doesn't get a majority, if French choose a parliament in opposition to the President, the President will have to select a Prime Minister from the new majority and this Prime Minister will be at the head of the new government and will hold most of the executive powers, except for foreign and defense policy that are driven by the President according to the constitution (but in practice they are usually shared by both the President and the PM). This already happened 3 times in France under the fifth republic : from 1986 to 1988, from 1993 to 1995 and from 1997 to 2002. It's called cohabitation. And what are the odds of a cohabitation as for now? They are actually quite big ... Ouf ! But first let's see what is going to happen next Sunday .

PS : Due to french laws, there won't be any polls available after Friday. As for exit polls (most of the time very accurate), they will be broadcasted at 8pm GMT+1 on Sunday. However, there are big chances to find some polls in online belgian newspapers on Saturday, and some exit polls on Sunday as early as 6pm GMT+1. GL all.

I agree. I have been watching for some time ....to go long. It started to break out last week (seeH4) then stalled, with the increased world risk.
Hoping to start to scale in this week with TP1 a @ .723x