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The Really Useless Thread

  • #150,301
  • Apr 23, 2017 2:41pm Apr 23, 2017 2:41pm
eurusd: en marche!
fortis fortuna adiuvat
  • #150,302
  • Apr 23, 2017 2:44pm Apr 23, 2017 2:44pm
Quoting gatorinla
{quote} it figured as soon as i closed {image}
Where you at. Honourable 2 eff 4th.
  • #150,303
  • Apr 23, 2017 2:47pm Apr 23, 2017 2:47pm
Quoting NMZee
{quote} Uj currently 110.40. Ej up by 400 pips. Lol will it hold as election results are changing.
Afterall these are indicative rates. Based on bloombergs software. Reality could be different.
  • #150,304
  • Apr 23, 2017 2:58pm Apr 23, 2017 2:58pm
Quoting NMZee
{quote} Hello hoom, Any implications on usdyen, any views at all......??..anything....
I would like that you stop spamming the thread first then I or anyone would start answering some of your questions...
Get Rich or Die Tryin
  • #150,305
  • Apr 23, 2017 3:12pm Apr 23, 2017 3:12pm
I've always wanted to know what the pros think about the pre-market and its relevance to the technical picture. Like for example right now in the EU the 1.0905 Daily Swing High is penetrated, but when retail traders finally get access to the market price might again be lower.
  • #150,306
  • Apr 23, 2017 3:13pm Apr 23, 2017 3:13pm
Quoting hoom
{quote} I would like that you stop spamming the thread first then I or anyone would start answering some of your questions...
Excuse me??....spamming???. Didnt get you. Am i advertising something cuz i dont have a clue about it.
  • #150,307
  • Apr 23, 2017 3:26pm Apr 23, 2017 3:26pm
Quoting NMZee
{quote} Excuse me??....spamming???. Didnt get you. Am i advertising something cuz i dont have a clue about it.
Ok chkd the meaning. Didnt realize i am sending same messages to a lot of members. I guess i am just eager to know more in light of the elections. Apologies, wasnt doing anything intentionally. You just seem like a professional and a decent guy so i asked. Apologies once again☺
  • #150,308
  • Apr 23, 2017 3:35pm Apr 23, 2017 3:35pm
Quoting Deitreider
I've always wanted to know what the pros think about the pre-market and its relevance to the technical picture. Like for example right now in the EU the 1.0905 Daily Swing High is penetrated, but when retail traders finally get access to the market price might again be lower.
I know what you mean. Is it out of sight, out of mind for the greater body of market participants?
Not to get all trippy on you but I think it's like closing your eyes while riding a train. It doesn't mean you teleported to your destination if you get me.
But, we trade London, NY, Week open/close, month open/close, the day, etc. Thats all based on when the instruments are available to those (our) specific markets and how they move and where they finish when they are available, and not when they aren't. And that makes sense.
So gaps are an illusion when considering the instrument. But not when considering the market you are trading it in. Thats the way I look at it. But you were talking about pros perspective. So I may be way off of point.
  • #150,309
  • Apr 23, 2017 3:51pm Apr 23, 2017 3:51pm
well this open is gonna suck
  • #150,310
  • Apr 23, 2017 3:54pm Apr 23, 2017 3:54pm
What a zig (1.09x)... now let's wait for a spectacular zag!
  • #150,311
  • Apr 23, 2017 3:54pm Apr 23, 2017 3:54pm
Quoting Pharm0r
well this open is gonna suck
yupp, wait for gap to close and buy from 1.073x is plan for now. It can take some time .
Trading in the shadow of SM
  • #150,312
  • Apr 23, 2017 3:55pm Apr 23, 2017 3:55pm
Quoting goosebone
{quote} I know what you mean. Is it out of sight, out of mind for the greater body of market participants? Not to get all trippy on you but I think it's like closing your eyes while riding a train. It doesn't mean you teleported to your destination if you get me. But, we trade London, NY, Week open/close, month open/close, the day, etc. Thats all based on when the instruments are available to those (our) specific markets and how they move and where they finish when they are available, and not when they aren't. And that makes sense. So gaps are an...
My rookie thinking is that only the real big influential players have access to the pre-market and thus what they do must carry significant weight. I've also always considered gaps to be illusions, because as you watch the price action during that period it's not only boom from one level to another, but still a process of ups and downs (even though often quite erratic). But as I said, this is my rookie understanding even though I've been learning to trade for the past 10 years, but haven't achieved consistency.
  • #150,313
  • Apr 23, 2017 3:58pm Apr 23, 2017 3:58pm
Very sharp open in the Euro. Euro* in a major relief rally, with all numbers and fronts shifting sharply to the upside in the last few weeks. Odds of the extreme right getting anything in the second round are extremely low but sadly we couldn't close the chapter today for good but we'll need for the final confirmation in a couple of weeks.

Important because, Expectations for ECB wont change for this week. In my books, we still need the final political conformation on the table. In this week ECB will sit relativity silence on the QE and rates front while fireworks will be guaranteed for the next one as we will be reaching the official end of QE/negative rates chapter for the end of the Spring.

1.079x will be wiped out to the highs of the 1.09xx handle to fight 1.097x for the ECB end of QE expectations play...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,314
  • Apr 23, 2017 3:58pm Apr 23, 2017 3:58pm
Will not be pretty from where I sit. Good luck everybody. Wish I did like a few smart ones here and flattened out Friday. Hindsight.
  • #150,315
  • Apr 23, 2017 4:09pm Apr 23, 2017 4:09pm
Welp, a jumbo margarita is calling my name- see ya
  • #150,316
  • Apr 23, 2017 4:09pm Apr 23, 2017 4:09pm
Quoting sisse
{quote} I.... STP: 1.052x TP1: 1.078x [check] 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 => Neutral No Touch 1.082x [in play] or 1.042 until French elections are over +/-max r:r:1:2 pmmebids goosebone hoom...
A quick update on the iteration front. A wipe out on the open with TP2 more than cleared. Very well done to ExForX and kayaker. All neutrals out and thats the definition a clean sweep on the thread call.

Also well done all trading the reverso from 1.068x as the open completed the leg. Here flat as a pancake in the Euro for the first time in a while, letting the massive weekend move to get digested by Asia first and more importantly Europe tomorrow before evaluating new conditions.

sisse

+++ Final live iteration in the Euro ++++

Update 3

"Parité, Consolidé ou Terminé"


=> Long@1.062x [uber check] STP: 1.052x TP1: 1.078x [check] TP2: 1.086x[check] (top target) TP3: 1.095x[in play] +/-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


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

pmmebids

goosebone

hoom

Grinsakh

suntan

gazpacho

IMARICH1

PAStalker

eborn

Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,317
  • Apr 23, 2017 4:17pm Apr 23, 2017 4:17pm
Quoting Pharm0r
Welp, a jumbo margarita is calling my name- see ya
Mixed feeling, Like my ex-wife's new husband jumping off a cliff in my new Ferrari .

So I take a beer and are happy with the result in France ATM.
Trading in the shadow of SM
  • #150,318
  • Apr 23, 2017 4:33pm Apr 23, 2017 4:33pm
Quoting goosebone
Will not be pretty from where I sit. Good luck everybody. Wish I did like a few smart ones here and flattened out Friday. Hindsight.
Take it for what is worth. If you are still holding MT ST shorts you wont be caught on a runaway rally, neither you have lost he chance to clear for a scratch or better ....

All bids and offers were raised for the weekend. Most (almost all) algos off before the open and we have pretty much all humans (yes actual humans !!!) sitting in Paris, Frankfurt and London trading today. Meaning there was a large empty ladder in between. Markets conditions will resume to normal on the top of the hour especially with Asia entering in the picture...

Don't over analyse the large gap open as there is made on lots of air and very few hands. You will have plenty of time to decide to clear or even hold if you still want to....you will see..

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,319
  • Apr 23, 2017 4:37pm Apr 23, 2017 4:37pm
Quoting gatorinla
closed my uj s for 30.. not holding over weekend.. in case of gap, i placed a pending eu long 0548 with a 20 stop.. uj pending slightly above 1.0801, stops 0798.. if nothing happens sunday.. i will tweak them
needless to say.. neither pending Long was triggered
those who can, do. those who cant, talk about those who can
  • #150,320
  • Apr 23, 2017 4:55pm Apr 23, 2017 4:55pm
w/o a change looking still to short uj 111.14/6x... some R 111.49/62 ish expected..

eu did get its 1.0585 so it did open 1.13xx but usdx 101.52 is still unresolved. i may short eu after 1.13xx too. but if i get some signal either way it's on.

atm eu is bumping its head near 1.0905 DT resistance.. 1/2 way back may be a good one.
those who can, do. those who cant, talk about those who can
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